Colorado Lutheran High School AssociationDelegates Meeting – September 25, 2012

Welcome Pastors, Delegates, and Supporters!

Opening Prayer

Lutheran High School – By the Numbers

290...the number of students LuHi started the 2012-2013 school year with, a growth of over 20% from the previous year!

45...number of new transfer students, coming from 17 different schools in 5 states and 4 countries!

32...the number of junior high schools represented in our current freshman class alone!

41...percentage of students receiving tuition assistance based on need! This reflects LuHi’s efforts to be missional in outreach and strive to make Christian education available to as many families as possible!

Church Summary:

14 Association Congregations Represented 52 Non-Association Churches Represented

2 LCMS6 ELCA 29 Non-denominational4 Catholic2 Presbyterian 2 Baptist1 Covenant, Assembly of God, Church of God, Church of Christ, 7th Day Adventist, Methodist, and Greek Orthodox

Largest number of students (5 or more) from Non-Lutheran Churches

17 Southeast Christian – Parker12 The Rock – Castle Rock8 Cherry Hills Community – Highlands Ranch7 Ave Maria Catholic – Parker6 Heritage Evangelical Free – Castle Rock5 Our Lady of Loreto Catholic – Foxfield5 Southside Bible - Centennial

Tuition / Fees $2,007,403

74%

Development $580,00021%

Activity $21,5001%

Other $95,000

4%

Lutheran High School Revenue

2012-2013 $2,713,903

Personnel $1,703,674

66%School Operating

$193,4508%

Building Services $421,350

16%

Debt Service $250,00010%

Lutheran High School Expenses

2012-2013 $2,568,574

Lutheran High School 2012-2013 - Bottom line . . .

Estimated Revenue: $2,713,913

Estimated Expenses: $2,568,574

BOTTOM LINE: $145,339

Estimated drag from 11-12: $120,000

Estimated cash flow at the end of 12-13: $25,000

2011-2012 2012-2013 2013-2014 2014-2105

Freshmen 54 86 100 120

Sopho-mores

64 71 100 100

Juniors 64 66 75 100

Seniors 68 65 75 80

25

125

225

325

425

Lutheran High SchoolEnrollment Projections and Goals

Num

ber o

f Stu

dent

s

Notes on debt service . . .

The CLHSA is currently servicing its monthly debt as it is structured – interest and fees only until May of 2014.

Principal is being serviced through the Lights to the World Campaign – of which LCEF is eliminating $1 of principal for every $2 paid down on the current principal amount:

Current principal paid: $100,000

Principal serviced with LCEF match: $150,000

Principal paid through campaign (goal): $1.3 million

Principal serviced with LCEF match (goal): $1.95 million

Cash Pledged: $1,020,358Cash Received: $348,596Paid to LCEF: $100,000Paid to Steier: $147,500Technology / Other: $68,575

Future Pledges (Goal): $780,000

Development Estimates for 2012-2013

Association Congregations: $225,000

Ron Brandhorst Tuition Angel Fund: $200,000

Thrivent Choice: $35,000

Auction (November 18, 2012) $70,000

LutheRun (April 26, 2013) $60,000

Big picture plans . . .

Request extension of LCEF’s matching period from May 2014 until the end of 2014 (to match up with the 3-year window for the Lights to the World) capital campaign.

Roll the short-term line of credit debt (debt accumulated through consolidation) of $360,000 into the larger loan on the campus.

Request a debt structure that allows for full monthly debt service at the $1000 per student per year metric. (400 students = $400,000 a year in full debt service)

Increase enrollment to 400 students and reduce principal to under $8 million.

Re-evaluate growth plan and facility needs.

Colorado Lutheran High School Association Churches($16.75 per member and $1000 per student)

Ascension LutheranChrist Lutheran-DenverEpiphany LutheranFaith LutheranGethsemane LutheranGrace LutheranHoly Cross LutheranHope Lutheran – AuroraImmanuel Lutheran

Mt. Olive LutheranOur Father LutheranOur Saviour LutheranPeace with Christ LutheranRedeemer LutheranShepherd of the Hills LutheranSt. John's LutheranSt. Luke's LutheranTrinity Lutheran -FranktownUniversity Hills Lutheran

Churches who have formally withdrawn from the CLHSA since consolidation:

Bethlehem Lutheran (provides support per student)Peace Lutheran (provides support)Risen Savior LutheranEmmaus Lutheran (provides support per student)Mt. Calvary Lutheran - Ft. LuptonMt. Zion LutheranWheat Ridge Lutheran

2012-2013 CLHSA Board Members

Mr. John Paulus – ChairMr. Mark Elmshauser – TreasurerGuy Lund – SecretaryMrs. Wendy SimsMrs. Colleen BrewerRev. Michael EckelkampHon. Paul King

Special thanks to Brad Stoltenow for his service on the CLHSA Board!

Seeking Additional Board Members

The Colorado Lutheran High School Association is seeking five additional board members. Specifically, we are looking for non-current parents who may have an expertise in the following areas:

Loans

Non-profit operating and structure

Marketing and public relations

Please contact Dan Gehrke at 303-934-8611 x 108 if interested.

We need . . .

. . . your congregation to remain committed financially to the CLHSA.

. . . your congregation to consider re-joining the CLHSA.

. . . your congregation to consider becoming a Tuition Angel Donor.

. . . avenues to present the ministry of LHS as one that bears fruit and is worth the support of your congregation.

. . . help finding at least one solid delegate from each congregation.

. . . assistance identifying board members.

. . . prayers and support.

. . . for us to continue to be more about mission than institution.

Closing Remarks

Thanks for coming!