ExplorerWest AR 22-23 - Flipbook - Page 6
DONOR IMPACT
R I C K MARTING FI NA NCI AL AID ENDOWM E N T
F I N A N C I A L A ID AWA R D ED BY S O U R C E
Thanks to the continued generosity of the Explorer West
community and friends of the school, the Rick Marting
Financial Aid Endowment has grown significantly since its
inception in 2015. This year we added more than $165,000 to
the Endowment, bringing it to a balance of over $3.1 million.
The earnings on Endowment investments significantly increase
our ability to provide financial aid awards by adding to our
financial aid funds each year. In 2023 we were able to offer
financial aid awards to six additional families, just from the
investment earnings. Overall, we provided tuition assistance
to over 30% of our families, positioning us as a leader in
Seattle-area independent schools for access and equity.
700K
FINANCIAL OVERVIEW
㜀㜀+5+8
㤀 +28+
6
Explorer West Middle School
600K
500K
400K
300K
200K
100K
2018-19
2019-20 2020-21
FINANCIAL AID POOL: 15% OF TUITION
FINANCIAL AID POOL: ENDOWMENT
FINANCIAL AID POOL: OTHER SOURCES
Y E A R E N D IN G J U N E 3 0 , 2 0 2 3
R E V ENUE
Tuition and Fees 77%
$1,815,000
Fundraising 5%
$107,000
Other 8%
$189,000
Release of Restricted Funds 10%
$235,000
Total Revenue
$2,346,000
E X P EN S E S
Educational Program Services 90%
Management and Administration 8%
Fundraising 2%
Total Expenses
Annual Report 2022–2023
2021-22
$2,084,000
$192,000
$49,000
$2,325,000
2022-23
