Financial Highlights

Overview

Simply put, our children would not be educated adequately without private funding. In the 1970s, changes in California property tax laws cut deeply into school funding, and the budget situation is no better today. If not for private contributions, our children would not receive a well-rounded education, which includes programs in music, art, poetry, drama, and dance. In addition, the need for classroom and library aides and technology continues to rise while the state continues to cut education funding. Private funds make up that difference. Our 2011-2012 budget of $2.4 million is outlined below and our 2012-2013 fundraising goal is $2.7 million.

Revenue

Kiddo!’s Annual Giving Campaign, which kicks off with Donation Day each spring, funds programs for the upcoming school year, and generates the vast majority of the revenues needed to fund Kiddo! programs. Currently, 84% of Kiddo! revenue is donated by generous families in the Mill Valley School District and community. Our Business Partnership Program generates another 7% of Kiddo! revenue through the support of local community and parent owned businesses. Kiddo!’s Endowment fund has grown to roughly $4 million. In the 2011-2012 school year 4% of the rolling 3-year closing fund balance will be directed to current programs. Shop-for-Kids (eScrip and other shopping programs) costs donors nothing and generates another 3% of Kiddo revenues. Remaining revenues are generated by special events and other sources.  Kiddo! raises additional funds for the Endowment from special Endowment designated events and contributions which are not reflected in these figures.

Expenses

All of the Mill Valley School District’s art, music, drama, dance and poetry teachers are paid throughKiddo! contributions. This includes 10 art teachers and 6 music teachers, as well as visiting dance, poetry, and drama specialists. Last year, over 9% of our budget paid for technology specialists. In addition, Kiddo! is funding $475,000 in classroom and library aides. All teachers and specialists work closely with classroom teachers to reinforce core academic curriculum and to make school an experience that lasts a lifetime.  For the 2012-2013 school year, our district has asked Kiddo! to help save physical education at our schools, which will increase our Annual Campaign goal once again.  Kiddo! works hard to ensure that the maximum percentage of funds raised go directly into programs for kids.

2011-2012 Kiddo Budget