HomeMy WebLinkAboutWAF 2013-14 BOT Report 01-12-15
2013-14 Year in Review
“Whatever students and
teachers need!”
WA Foundation
Mission, Vision & Values
Mission: To provide financial support for Westlake
Academy in its efforts to provide students with an
internationally-minded education of the highest quality
so they are well-balanced and respectful life-long
learners.
Vision: To be regarded as an effective, high-integrity
nonprofit organization providing financial resources to
support the mission of Westlake Academy.
Core Values: Integrity, Stewardship, Transparency,
Appreciation, Collaboration, Respect
WAF Goals
•Plan, sponsor and promote fundraising events and cultivation activities supporting WA mission.
•Provide budgeted operational dollars and grants for “above & beyond” opportunities and unbudgeted needs.
•Effectively manage, invest and allocate financial resources in accordance with established guidelines and regulations.
•Recognize and appreciate all donors and sponsors.
•Communicate impact of gifts on WA education.
•Involve all WA families and the broader community in supporting Foundation initiatives.
•Maintain and manage endowments to assist with long-term financial needs of WA.
Key Strategies
1.Focused team effort to identify, cultivate and steward external funding opportunities (individual, community and corporate)
2.Maintain active involvement with annual school budgeting process
3.Expand WAF Board with individuals matched to our needs, (e.g., corporate affiliations, investment expertise, marketing)
4.Continued communication with BOT and WA Administration
5.Coordinate efforts with WA and other affiliates as needed and appropriate
2013-14 Year in Review
•Provided $1,049,000 in support to WA
•Inaugural participation in North Texas Giving Day raised nearly $150,000 from 76 families for BAF.
•5th Annual Westlake Baja raised over $106,000; funding priority remains teacher recruitment, retention & development
•Gallery Night moved to Texas Motor Speedway; raised over $318,000, including Fund-an-Item for weight racks and climbing wall.
•Continued success with 18 Artists-in-Residence helping PYP students create original artwork for GN auction.
•Hosted Grandparents Day and several VIP Parties as friend-raising appreciation events.
•Multi-faceted marketing campaigns promoted events and highlighted “Gifts in Action.”
•Collaborated with WA leadership in planning 2014-15 budget request of $1.1M.
How were gifts used?
The Foundation had total revenues of $1,538,378 through fundraising initiatives (Blacksmith Annual Fund, Westlake Baja, Gallery Night) and investment earnings.
From the $1,351,387 received through fundraising:
$1,049,000 supported WA
$198,241 covered WAF operations & event expenses
$32,501 transferred to Endowment
Remaining $71,645 added to WAF cash balance (to support future WA opportunities/needs)
In addition, net increase of $186,991 to Endowment Funds via new contributions and investment gains. Total value of Endowments at year-end was $1,278,932.
Gifts in Action
The $1,049,000 provided to the Academy in 2013-14 supported these school and teacher initiatives:
Blacksmith Annual Fund
$898,579 for Academy’s daily operations
Westlake Baja & Gallery Night Proceeds
$60,000 for weight racks in Lee Fieldhouse
$25,000 for Math Support Teacher position
$15,000 for teacher retention efforts
$10,500 for teacher recruitment efforts
$8,430 for teacher “strength finder” hiring tool
$7,790 for Second Language Acquisition assessment
$7,285 for PYP PE Equipment
$5,473 for PYP Climbing Wall
$3,450 for MYP Music Program
$3,200 for 2 staff at Int’l Student Leadership Symposium
$2,500 for teacher to attend Lucy Calkins Writing Institute
$1,750 in Bradley Travel Awards to 2 students
From 2003-14, WAF received
nearly $10.3M to support WA
5,112
1,300
1,279
897
1,700 Blacksmith
($5,112,000)
Arts & Sciences Bldg
($1,300,000)
Endowments
($1,297,000)
Westlake Baja
($897,000)
Gallery Night
($1,700,000)
In thousands
Financial Goals for 2014-15
Total = $1,620,000
•$1,100,000 – Blacksmith Annual Fund
North Texas Giving Day (9/18/14)
Bonus Funds earmarked for SMARTBoards
•$250,000 – Gallery Night (2/28/15)
Plus $50,000 Fund-an-Item goal
Package likely for more SMARTBoards
•$180,000 – Westlake Baja (11/3/14)
•$20,000 – “Run the Ranch” 5K (4/18/15)
•$20,000 – external grants
Here’s to a great 2014-15
for Westlake Academy
students and teachers!