Predictors of Private School Sustainability Using IRS Form 990 PDF Download
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Author: Publisher: ISBN: Category : Education Languages : en Pages : 122
Book Description
Private school leaders face financial sustainability challenges as competition for students and money increases. This study aims to identify financial metrics which school leaders can use for monitoring and guiding their school's financial health. IRS Form 990 provided the financial data for calculating predictors of interest. The study evaluated data from 2009-2013 for five groupings of schools, as measured by operational size. The study included 1029 private schools after removing outliers and cases with missing data. Private school leaders helped define the dependent variable as the ratio of total revenue/total expense. Sustainable schools carried an averaged five-year ratio of greater than one and the vulnerable school ratio averaged less than one. A standard multiple regression modeled significant predictors from a pool of nine independent variables. The Mark Up variable consistently explained most of the unique variance between vulnerable and sustainable schools in every school group. The research developed a composite score model with benchmarks for school leaders to assess their school's financial sustainability. The study also raised questions for subsequent research on private school financial sustainability.
Author: Publisher: ISBN: Category : Education Languages : en Pages : 122
Book Description
Private school leaders face financial sustainability challenges as competition for students and money increases. This study aims to identify financial metrics which school leaders can use for monitoring and guiding their school's financial health. IRS Form 990 provided the financial data for calculating predictors of interest. The study evaluated data from 2009-2013 for five groupings of schools, as measured by operational size. The study included 1029 private schools after removing outliers and cases with missing data. Private school leaders helped define the dependent variable as the ratio of total revenue/total expense. Sustainable schools carried an averaged five-year ratio of greater than one and the vulnerable school ratio averaged less than one. A standard multiple regression modeled significant predictors from a pool of nine independent variables. The Mark Up variable consistently explained most of the unique variance between vulnerable and sustainable schools in every school group. The research developed a composite score model with benchmarks for school leaders to assess their school's financial sustainability. The study also raised questions for subsequent research on private school financial sustainability.
Author: Frank Turner McMeen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
ABSTRACTWith nearly 95 percent of West Tennesseans being employed yet those same rural 20 counties have one-fifth of their population living at poverty levels, nonprofit private schools face a challenge. Low unemployment and high levels of poverty indicate that many in rural West Tennessee are the working poor. Due to 23 percent of the residents being enrolled in TennCare, there is a greater indication that rural areas provide tremendous challenges to nonprofit private schools. With an aging, declining populace, and every county being more than 50 miles from an urban airport that transports passengers, industry becomes more difficult to recruit. Experiencing extremely high rates of single, unwed pregnancies, the regions economic challenges hinder nonprofit private school leadership in recruiting students from families that can afford to pay the tuition. These challenges limit opportunities to find individuals that will financially support the school at a level that is needed to provide a better option than the local, public, tax-supported school. Recruiting board members that have experience becomes a greater challenge in rural, economically challenged areas. These economic challenges tend to destroy the agrarian myth, the traditionally romantic and idealistic lifestyle associated with rural areas. This study examined the latest, consecutive three years of financial data on the nonprofit private schools in twenty rural counties of West Tennessee to determine their fiscal position. By using secondary data from IRS 990 submissions, a three year trend can be established. In examining each nonprofit school, their ability to balance the budget, end the year with positive cash flow and the impact of an endowment, using multiple regression and Cross Tabulation the impact of an endowment on the sustainability of these schools was determined.Using a multiple regression model proved to be ineffective due to a limited pool of 12 schools in the area under study. A Cross Tabulation of data was prepared by looking at the minimal level of sustainability of the schools then converting the data into nominal data and comparing with it with the interval data to produce the correlational value in Directional Measures.Results indicated that the Cross Tabulation model was effective in showing the critical elements of sustainable nonprofit private schools in the West Tennessee area. The purpose of this study was to examine the impact of an endowment to the sustainability of the schools. This study indicated that Positive Cash Flow and Endowment/Investments were equal and more critical to the sustainability of the school than a Balanced Budget..
Author: Kevin F. McCarthy Publisher: ISBN: Category : Art Languages : en Pages : 132
Book Description
The nonprofit arts currently face an environment that challenges the way the arts have grown and raises the prospect of future consolidation. Cognizant of these problems, William Penn Foundation and the Greater Philadelphia Cultural Alliance asked RAND to examine the condition of Philadelphia's arts and culture sector and recommend actions to ensure its sustainability. The authors identify the sources and characteristics of this new environment and describe the ways local arts communities are responding to the challenges confronting them. In the course of their analysis of eleven metropolitan regions, including Baltimore, Boston, Charlotte, Chicago, Cleveland, Denver, Detroit, Minneapolis, Philadelphia, Phoenix, and Pittsburgh, they introduce two novel ways of examining the local arts sector. First, they focus on the relationship among the three components of communities' "arts ecology": their arts infrastructures; the support systems upon which the arts depend; and the sociodemographic, economic, and the political environment in which they operate. Second, they create a new framework for describing and evaluating the range of support services that communities provide to their arts sectors. They then use this framework to analyze the components of Philadelphia's arts ecology and assess its specific strengths and weaknesses.
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Author: Frank Turner McMeen
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Author: United States. Internal Revenue Service
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Author: Kevin F. McCarthy