CROSSROADS SCHOOL FOR ARTS AND SCIENCES
Mission Statement
Crossroads School was founded upon five basic commitments: • to academic excellence • to the arts • to the greater community • to the development of a student population of social, economic, and racial diversity • to the development of each student’s full human potential It is the goal of Crossroads School to provide a strong college preparatory program from which each student will develop a personal commitment to learning, a respect for independent thinking, and an expanding curiosity about the world and its people. We consider certain skills to be essential for all graduates: to read well, to write clearly and coherently, to study effectively, to reason soundly, and to question thoughtfully. Through the educational process, we assist students to gain self-esteem, self-knowledge, and respect for the knowledge and opinions of others. We believe that education must not be a race for the accumulation of facts, but should be an enriching end in itself. We also believe that education is a joint venture among students, parents and teachers. To be effective with young people, teachers and parents must themselves continue to learn, so that they may perceive the young accurately and treat them wisely. We believe that the arts are an essential part of the curriculum and that it is important for students to express themselves creatively and to use their imaginations freely. Therefore, music, drama, visual arts, film, writing, and dance are significant parts of student life at Crossroads. Through our academic and extra-curricular programs, we seek to promote social, political, and moral understanding, and to instill a respect for the humanity and ecology of the earth. We understand that there are many kinds of intelligence, and the traditional academic, cognitive area is one. Other important areas of intelligence are intuition, imagination, artistic creativity, physical expression and performance, sensitivity to others, and self-understanding. To neglect any of these areas is to limit students in the development of their full human potential. We believe that the uniqueness of children is revealed in their very existence and that it is the school’s responsibility to foster their innate sense of the mystery and joy of life.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.2% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.6% | 13.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.1% | 0.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
11923.5% | 631.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
27.9 mo | 10.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
38.1% | 34.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
82.2% | 87.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
0.8% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.3% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.8% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $70.9M | $65.4M | $152.2M | 81.2% | 557 |
| 2022 | $70.4M | $64.6M | $144.4M | 79.8% | 524 |
| 2021 | $71.7M | $60.0M | N/A | — | 524 |
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