The 2019-2020 school year feels a decade away. Our lives were disrupted in ways that were previously unimaginable. In response, we did and continue to do the hard work necessary to heal and rise to our better selves. We continued forward and we tried to find the light.
In this annual report you will read about the challenges facing our School, as well as the commitment and dedication of the teachers, parents, administration, and alumni of Rudolf Steiner School. Our Leadership Council and teachers pivoted to distance learning – proving once and for all that we are in fact not luddites and embrace technology as and when appropriate. Our parents rose to the challenge of becoming substitute teachers and tutors to our children.
The board acted swiftly to safeguard the financial health and stability of the School. We successfully applied for and received a Paycheck Protection Program Loan (PPP Loan), established the Steiner Resilience Fund through which we raised over $300K and carried out a series of prudent cost savings measures. Due to these actions, as well as stabilized enrollment, we expect to end the 2020-2021 school year in a strong financial position. We incurred a relatively small loss the 2019-2020 school year and currently expect to end the 2020-2021 school year in a secure financial position due to forgiveness of the PPL Loan we received. We have not had to dip into our endowment beyond our annual draw. We continue to own our buildings free and clear of any mortgage. We cannot predict what the future will hold but we are optimistic about our School’s future. Indeed, we will soon kick off a capital campaign to help support the significant renovation of our cafeteria.
So, thank you to all who have served our school through these unprecedented times. Your dedication in the face of adversity has been a gift to the parents, students, faculty, and administration at the School.
Onward and upward,
Terri Adler & Tushar Shah