FINANCING MODERN ACADEMIES

FINANCING MODERN ACADEMIES (DARWIN WAS RIGHT)

 Unfit:  Mount Vernon Academy  Valley Grande Academy  ______ _______ Academy Fit: __________ __________ Academy

 “ Pond has become a pool”  “Graying of Adventism”

 “ Graying of Adventism”  “Browning of Adventism”

 “ Pond has become a pool”  “Browning of Adventism”  “Declining Quality”

When you discover you are riding a dead horse, the best strategy is to dismount.

1.Change riders 2.Threaten the horse with termination (closing) 3.Appoint a committee to study the horse

4. Arrange a visit to other sites to see how they ride dead horses 5. Hire outside managers to ride the dead horse 6. Lower expected performance requirements for all dead horses 7. Harness several dead horses together to improve

 “…MONEY  IS THE ANSWER  TO EVERYTHING.”

I. Money Follows Vision II. Money Follows Quality III. Money Follows Results

I. Money Follows Vision

I. Money Follows Vision Donors are Investors

I. Money Follows Vision II. Money Follows Quality III. Money Follows Results

 2001 – 71  2002 – 122  2003 – 142  2004 – 160  2005 – 140s  $3.2 million over 3 years

 2006 – 135  2007 – 175  2008 – 225  2009 – 240  2010 – s  2014 – 175  $4.5 million – 2006 to 2008

 2009 – 135  2010 – 155  2011 – 158  2012 – 182  2013 – 187  2014 – 195  $6 million – past 6 years

 Overpriced (low and middle income parent)  Quality of Education Product

 Meet Customer Demands  With Quality Products  At Reasonable/affordable Prices = SALES!!

I. Money Follows Vision II. Money Follows Quality III. Money Follows Results

 1. Mission: Identify and Follow it

 1. Mission: Identify and Follow Mission  2. Continuous Improvement Plan (CIP)

 1. Mission: Identify and Follow Mission  2. Continuous Improvement Plan (CIP)  3. Enrollment and Development  Increase Enrollment  Donors from Alumni and Friends

 1. Mission Statement  2. Continuous Improvement Plan  3. Enrollment and Development  4. Contract Teachers

 1. Mission Statement  2. Continuous Improvement Plan  3. Enrollment and Development  4. Contract Teachers  5. Reliable IT

 1. Mission Statement  2. Continuous Improvement Plan  3. Enrollment and Development  4. Contract Teachers  5. Reliable IT  6. International Students

 1. Mission Statement  2. Continuous Improvement Plan  3. Enrollment and Development  4. Contract Teachers  5. Reliable IT  6. International Student  7. Scholarships and Financial Assistance

 1. Mission Statement  2. Continuous Improvement Plan  3. Contract Teachers  4. Reliable IT  5. International Students  6 Campus Industries  7. Scholarships & Financial Aid  8. Financial Plans

10. “NQSWBTA Because Of Finances”

11. Financial Assistance - Unlimited

10. “NQSWBTA Because Of Finances” 11. Financial Assistance - Unlimited 12. Accounts Receivable – 92%+

10. “NQSWBTA Because Of Finances” 11. Financial Assistance - Unlimited 12. Accounts Receivable – 92% Advertising

10. “NQSWBTA Because Of Finances” 11. Financial Assistance - Unlimited 12. Accounts Receivable – 92% Advertising 14. Strategic Budgeting

10. “NQSWBTA Because Of Finances” 11. Financial Assistance - Unlimited 12. Accounts Receivable – 92% Advertising 14. Strategic Budgeting 15. Financial Reporting

10. “NQSWBTA Because Of Finances” 11. Financial Assistance - Unlimited 12. Accounts Receivable – 92% Advertising 14. Strategic Budgeting 15. Financial Reporting 16. Enrollment

An Active System, with Executive Functions, to Provide Quality Education.