Jane Kolmodin Chief Financial OfficerJane Kolmodin, Chief Financial Officer

This was a year unlike most others. Before the new fiscal year even began, parts of campus were being demolished and prepared for construction. Many classrooms were relocated into portables – an area that became affectionately known as “The Village.” Students good-naturedly coped with constrained outdoor space, eagerly anticipating the new and greatly improved multipurpose room. The project was completed on time and on budget, and the entire community couldn’t be more pleased with the outcome of this ambitious undertaking. Many, many thanks to all who helped make this possible.

The Carey School remains a strong institution financially – the school remains fully enrolled with an enviable waitlist, annual fund receipts continued an upward trajectory, and the board was able to make necessary investments in long-standing needs while still adding to reserves.

The Carey School’s annual fund effort had another banner year with contributions increasing nearly 4% over the previous year, with total contributions of more than $500,000. As is The Carey School tradition, 10% of annual fund receipts are committed to The Carey School Endowment, which has now grown to nearly $1 million.

Expenditures increased less than 5% over the prior year in spite of the continued pressure from health insurance cost increases, a continued commitment to meet the tuition assistance needs of our community, and the many unanticipated expenditures associated with a year of construction.

For more detailed information, audited financial statements for the year ended June 30, 2014, may be obtained from the Business Office.