Annual Report

2016/2017 REPORT TO THE COMMUNITY

OUR MISSIONThe Salisbury School engages each student in a demanding college preparatoryeducation based on rigorous academics, experiential learning and uncoveringthe maximum intellectual, physical and artistic potential of each student.Starting with the development of a life-long love of learning in primary gradesand ending with advanced placement curriculum in Upper School, graduatingstudents are prepared for the highest levels of academic pursuit and are readyto lead a well-rounded life of purpose and creativity.This experience is conducted in an innovative environment that valuesindependent thinking, community responsibility, a strong sense of innerdiscipline, the ability to embrace life’s challenges with confidence, and awillingness to explore cultural differences with an open mind.2

WelcomePlease enjoy this condensed report on the2016-17 school year. Our review of 2017-18will be available in September 2018. 3

2016-17 CHAIRMAN’S LETTERBoard of Trustees Taking the nextNeoklis Kypreos, big step toward aChairman sustainable campusKevin Anderson Dear Salisbury School Community,Arlette Bright The 2016-2017 academic year will be remembered as the year The Salisbury School made the next big step toward a sustainable campus as our newJohn Butler two-acre solar field became operational. Responsible stewardship of our natural resources has long been a foundation of the school’s day-to-dayCarl Cottingham practices, and renewable energy production is a perfect fit with the field generating 565,000 kilowatt hours of electricity annually, easily covering theEdwin Cowell (ex officio) electric consumption needs of the school.Kimberly Cuesta The solar field represents not only innovation in smart design, it is a stellar example of innovation in philanthropy. The solar field project wasCandace Hickman generously financed by past TSS parents Tom and Anita Johnson, a gift(Parents & Friends that, in addition to substantial annual savings, will provide the school anpresident) asset worth more than $800,000 when ownership is turned over to the school in 2023.Todd Hickman While this unprecedented donation provides real savings to the school inChris Johnson ‘83 both the short and long term, it also has a significant environmental impact by reducing the equivalent of over 400 tons of CO2 (41,000 gallons ofJamie LeCates (ex officio) gasoline consumption) per year. And with the system’s expected life of 35 years, these benefits will be enjoyed by hundreds of TSS students forSteven Robinson years to come.Sandy Simms As is the TSS way, this project has also become a teaching tool in our STEM curriculum across all three divisions. Students watch a live feed ofBrett Spengler ‘03 the solar power generation in real time on video screens around campus, and teachers access multifaceted curricula on solar power and renewableChris Spicer energy generation designed for all grade levels.(faculty representative) This practical, conceptual, and educational implementation of the solar fieldKenneth Usab project represents the commitment of our school to lead by example and practice what we teach. The combination of creative, transformative giving and a thoughtful environmental consciousness has been the highlight of another successful academic year at The Salisbury School. On behalf of the board of trustees, school administration, teachers, staff and students, we wish to thank the Johnson family for the gift of a lifetime. I also extend my personal gratitude to our entire TSS community for all you do in continuing to support this one-of-a-kind institution. Thank you. Sincerely, Nick Kypreos, Chairman The Salisbury School Board of Trustees4

HEADMASTER’S LETTERA greater purpose Whilein today’s world academic excellence is atDear Salisbury School Family, the heart of all we do here, weOur school mission states, in part, that The Salisbury School strives to aspire to more.educate children so they “are ready to lead a well-rounded life of purpose Our purposeand creativity.” Think about how our students spend their day. Think about as educators ina TSS graduate you know. While academic excellence is at the heart of today’s world isall we do here, we aspire to more. Our purpose as educators in today’s greater.world is greater.Our young people graduate from TSS with a sense of responsibility to theircommunity, to their peers, and to our greater society. In whatever form thattakes in their day-to-day lives, we hear time and again from our alumni thatso many key aspects of their character, and thus their ability to succeed inthis world, were formed during their years at TSS.That does not happen by accident. It’s not a coincidental by-product ofacademic instruction. It is intentional and The Salisbury School is bothinnovative and deliberate in its commitment to whole-child education.Our teachers have always devoted themselves, as one of our early foundersrecently said, to teaching the child in front of them.By that we mean the kind of teaching that finds our Lower School studentscelebrating the 30th anniversary of Global Awareness Day by learningabout the geography and food of Norway, while, with each successive GADthey experience, opening their young minds to the value of embracingthose from other cultures.In Middle School, our new outdoor classroom not only provides a uniquespace for instruction, but students were involved in every step of thebuilding process, sparking curiosity, applying math, science, andengineering concepts to hands-on construction and design, and givingthe kids agency over their learning environment.Through Upper School we see our students taking full ownership of theireducation, finding satisfaction in their successes and embracing theirchallenges. The recent revival of the senior capstone project is a perfectexample of the impact of our educational philosophy. Through research,mentorship and passion, seniors confidently synthesize years ofintellectual and personal growth into a final project that reflects theirreadiness for the next step toward achieving what is sure to be a“well-rounded life of purpose and creativity.”Sincerely,Ed CowellHeadmaster 5

VOLUNTEER POWERFrom formal groups like Parents & Friends, the Athletic Boosters, and library volunteers, to the on-the-spot helpparents and community members provide on a daily basis, the Salisbury School runs on volunteer power.The GalaThe Salisbury School Gala & Auction is a perfect blend of the best of our community – talented energeticvolunteers putting on a fun event where passionate committed TSS community members help raise importantfunds for the school. The 2016 Gala & Auction brought in a record amount, so a sincere thanks to Seacrets,Marshall Auctions, and our more than 60 event sponsors including Dragon Sponsors Bank of Delmarva,Dough Roller and PNC Bank. 2016-17 Parents & Friends Leadership President: Candace Hickman Lower School VP: Kerry Case Middle School VP : Laura Anderson Upper School VP: Joanne Cottingham6

Library VolunteersDedicated volunteers makeour library the much-lovedspace it is. Thanks to the2016-17 volunteers forinspiring our young readers. Athletic Boosters The Athletic Boosters continued to build on positive momentum with another successful Turkey Trot 5k and Casino Night event. Congratulations to the run winners and special thanks to the 2017 Casino Night food and drink sponsors – Market Street Inn, Anthony’s Carryout, EVO Craft Brewing, Cakes by Sonia, and Katheryn Rodler. Retired The Middle School said goodbye to retiring social studies teachers Ernie Barlow and Monna Winslow. With 11 and 12 years of TSS experience respectively, they will be missed. 7

On June 2, 2017, the school community gathered to honor 25 graduating seniors in a uniquely Salisbury Schoolceremony. As has been the tradition since the first Upper School class graduated in 2001, each graduate invitedsomeone special to them to speak on their behalf. Teachers, family and friends shared memories and heartfeltwishes as, one by one, they detailed the accomplishments of this impressive group of young people. THE CLASS OF 2017 The class of 2017 received offers of admission to more than 150 colleges and universities, and amassed $1.3 million in potential scholarship and/or grant awards. Taylor Bromley Salisbury University Rahat Choudery Washington College Jillian Cottingham Loyola University Maryland John Cottingham Loyola University Maryland Madison Cuesta Goucher College Emily Easton James Madison University Lindsay Forno Hofstra University Alexa Green Xavier University of Louisiana Angie Hafez The George Washington University Daniel Huang Pennsylvania State University Beaver Jad Khalil Arizona State University Kevin Li University of Washington Michaela Miller University of Dayton Hunter Opdyke Goucher College Thomas Palmer Salisbury University Kesha Patel Towson University Cynthia Pearson Salisbury University Ivanna Pena New York University Logan Prushansky American University Lila Quillin New England Conservatory Christa Shaner High Point University Daria Usab University of Michigan Bethany Ward University of Maryland Nancy Zeng Pratt Institute Elena Zhu University of Washington8

ALUMNI NOTES Don Rutledge ’92 and wife Amber, were married in LB Steele ’88 and October. Don has been with Jess welcomed the Somerset County Health baby Adelynn in Department for seven years. October 2017. The couple lives in Kristy (Lambrou) Del Coro West Ocean City ‘01 graduated from Boston where LB works as College in 2005 with a BA in a project manager history, and from New York for commercial University in 2008 with an MS mechanical in clinical nutrition. She went on contractor SMS. to obtain a culinary arts degree from the Institute of CulinaryIn November, Hamilton Morgan Education in New York City‘09, Chris Perdue ‘01, Gabe and now works as a registeredMatyiko ‘93, Tonney Insley ‘91, dietitian & culinary nutritionist.and Alison (Insley) Getty ‘94 Kristy lives in New Jersey withreturned to campus to share her husband Daniel, 2-year oldinsights and memories with our daughter Isabella, and newbornmiddle and upper school students son Alexander.at the Founder’s Day assembly.Gabe, Tonney and Alison are alsonow TSS parents!Julie Winslow Clark ’01 lives in Winston For the seventh year, Kyler Nelson Dyer ‘03 and KateSalem, NC where she and her husband Taustin ’01 and his Brown (Allen) Dyer ‘08 welcomedcelebrated the birth of their second Box Theatre Project were on their first child, Nelsondaughter, Presley Ryan Clark, in February the TSS campus, this time Whittington Dyer Jr. He was2017. Presley’s sister, three-year-old Sloan to share their production born on August 19, 2017 inHazel, is super excited to have a sister. of Hamlet with our Upper Lexington, KY. School. The experience provides a valuable bridge 9 between students’ study of literature and the school’s focus on the performing arts. Kyler received his bachelor of arts in theatre studies from Emerson College.

ALUMNI NOTES In June, the Class Derek Mazzocoli ‘11, of 2007 pictured here with Lower gathered in the School head Debbie barrel room at Wessels, visited campus EVO in Salisbury in September before for a 10-year heading to Coast Guard reunion dinner. culinary school in Petaluma, CA for three months of training before getting orders to his first duty station.Graylin Hughes ’12 was Keno Fischer ‘12 graduated from Harvard University with a bachelor’samong the winners of the degree in physics/math and a secondary in computer science, as well asMaryland-Delaware-D.C. Press a master’s degree in physics. After college he co-founded the firm JuliaAssociation’s Editorial Contest Computing (juliacomputing.com) where he serves as chief technologyfor his work as a writer for officer for Tools and Technologies. In his free time he enjoys ballroom andThe Daily Times. Latin dance.Ji Hyun (Elaine) Yang ’12 hasstarted her master’s program atthe Harvard Graduate School ofEducation where she is lookingforward to building knowledgeand her network. Logan Phillips ‘13 graduated from the Savannah College of Art and Design having majored in photography with a minor in film and televi- sion. He recently returned to Salisbury and was kind enough to visit TSS and share his photography expertise and experience with Upper School art students. Students and staff also enjoyed a collection of his photography on display in the US dome. Logan shares his athletic talents with the school as well as the Middle School boys lacrosse coach. After completing his degree Cody Moore ‘13, a 2017 graduate Morgan Phillips ’16 at Towson University, of the Savannah College of Art won the individual Logan Wong ’13 recently & Design, won third place in the smallbore title at the graduated from the highly prestigious International 2018 NCAA Rifle Montgomery County Public Housewares Association Student Championships for the Safety Training Academy and Design Competition. His design, second year running. is now a Montgomery County Sift Filtration Systems, uses Morgan is a police officer. donatable clay molds and locally sophomore at West sourced materials to create filters Virginia University.10 that can purify water in villages across the developing world.

SUPPORTING THESALISBURY SCHOOLThe Salisbury School trustees, administrators, faculty and students recognize and deeply appreciate the many waysthat our community contributes to the quality of life at TSS. The gracious support of our friends ensures a brightand promising future for every Salisbury School student.Gifts listed here were made The Philip and Barbara Long Family The Myers Familybetween July 1, 2016 and Foundation (on behalf of the Gardner Drs. Patrick and Lynn O’ReillyJune 30, 2017 and McLaughlin families) The Padilla Family Drs. Alex and Leann ‘93 Mah David ‘78 and Kim ‘85 QuillinBenefactor’s Club Mitzi Perdue* GP Monty and Susan Warthen($100,000+) Scott and Laura ‘89 Robertson Suzanne and Carl Wilson GPChris ‘83 and Holiday Johnson* Steve and Tracy RobinsonTom and Anita Johnson* The Usab Family ^ Dome SocietyTom and Susan Robinson Mr. and Mrs. M. Wessels ^ ($500 - $999) (in memory of Mac Wessels ‘11) Anonymous (2)Headmaster’s Circle Artsonia($25,000 - $49,999) Millennium Society Mr. and Mrs. Tim Ayers GP (in honorCarlos and Gea Ayala* ($1,000 - $2,499) of Alexandra and Ross Higgins)Nick and Julie Kypreos Anonymous Mr. and Mrs. Stephen Barker* Ben and Jennifer Alder (in memory of Booth Grier)Green and White Society Gil ‘06 and Kathryn Allen Sheila Berger($5,000 - $9,999) Jim and Jane Bonbright GP Mr. and Mrs. Stanley J. Bright GPAnonymous Arlette and Bruce Bright Alvaro and Ivonne BuenanoJohn and Lori Butler Amy and Keith Brothers Ed and Lois Colaprete ^Peter and Kimberly Cuesta E. Burnett ‘90 Brett and Vanessa CollinsMr. and Mrs. William A. Gibbs Jr. GP Ed and Charmaine Cowell ^ David and Heather CollinsTodd and Candace Hickman* Abbi ‘01 and John Custis Brian and Ann DeLawderJim and Jan Perdue (in honor Tom and Julie Fisher David W. Eastonof our kids: Ryan, Ali and Chris) David and Erica Galeone John L. and Diane A. Fatz GPJason and Sandy Simms D. Nicole Green (in honor of Ruth Isear (in memory of T Scarborough ‘19) Jerome A. Isear Sr.)1970s Society Andrew ‘79 and Downey Hanna Barbara C. Lohsen($2,500 - $4,999) Mark and Amanda KiesewetterDr. Eva K. Anderson James Kyger For more information aboutThe Bonbright Family Foundation David and Jay Layfield The Salisbury School EducationalThe Hogan/Belloso Family Jamie and Jenn LeCates ^ Foundation, annual giving, orAndy Holloway Mr. and Mrs. James LeCates GP including TSS in your estate plan,Thomas and Karin Johnson GP Steve and Lisa Link please contact Lois Colaprete atRich and Dana Kang Dick and Margy Meeks 410-742-4464 ex. 145 or visitThe Katz Family GP (in honor of our sons) thesalisburyschool.org/support. Dwight Miller* Gifts to The Salisbury School Educational Foundation ^ Staff GP Grandparent 11

The big picture Tunnel Society Gail Carozza ^ ($250 - $499) Sandra CasimirHow does giving fit Anonymous (3) Bill and Jennifer Currieinto the big picture? In Kevin and Liz Anderson John and Bev Dearing ^addition to tuition and Corey and Gretchen Banks ^ Michelle DeMarco ^fees, TSS relies on the Shawn and Tiffany Beach Jean and Bernie Dormer (in honor offollowing contributed Gregorio and Judith Belloso GP Angela Tami and Doris Dormer)revenue: Charles and Joanna Carpenter Dave and Lenny Downes Mark and Elizabeth Chapman GP (in memory of Booth Grier)Annual Fund (in honor of Mrs. Klein) Stacy and Mick Dunne ^Crucial unrestricted funds Dale and Amy Cropper ^ Lorraine Elliotused for current operating Darren and Lori Disney John Felts and Donna Simms-Feltsexpenses, raised annually John and Lois Engberg Jeff and Ashley Gibbsand supported by current David and Jennifer ‘85 Gammel (in Lauren (Genvert) Goetzl ‘04and past school families, honor of Lily ‘25 and Ella ‘21 Gammel) William and Jennifer Hamiltontrustees, staff and alumni Gina Grier GP Dency Y. Hanna GP (in memory of Booth Grier) Mr. and Mrs. Ronald W. HarmonSpecial Events Charles and Sharon Hayes (in honor of John P. Custis)Important proceeds from Mr. and Mrs. W. Thomas Hershey* Bonnie and Jim Henman GPthe annual gala and other Allison P. Hildebrand ‘95 (in honor of Brianna Peters ‘24)events that also support Chris and Dove Jett Alexandra Higgins ‘09current operations Mr. and Mrs. Mason H. Little Dr. and Mrs. Lawrence Honick GP Steven and Sheila Long ^ (in honor of Benjamin Eli ‘20 andRestricted Funds Hope and Ron Morgan Noah Andrew ‘23 Honick)Timely donations given Robert Mulford and Emilia Chrzaszcz Terry and Frances Houlihan GPto fund specific initiatives Lawton and Mindy ‘88 Myrick Yuru Hsia ^or projects Karen and Alex Pope III GP Mr. and Mrs. Wade H. Insley III GP The Preziosi Family Cristina Machin and Kevin Justice ^Endowment/Planned Mike and Karen Rabasca ^ Rachel Justice ‘18Giving Sylvia Robertson GP (in honor of John and Debra KelserEnduring funds invested in Alexis ‘22 and Mariah ‘24 Robertson) (in honor of Kaleb Hearn ‘22)perpetuity with the school Melinda Schwarz ^ James and Patricia Kempenich GPbenefiting from the return Jill Sell, Jarrett Sell ‘88 and (in honor of Claudia ‘23 and Tricia ‘21on that investment Bevin Sell Dolan ‘91 Colaprete) Tricia Thompson Camille and Amy KhawandBob and Ginnie Malone GP Monna Winslow ^ Johnny LaViola ‘28(in memory of Booth Grier) Jen and Joe Wright Bea and David Lowe ^Margaret Palmer* GP Darren and Susan LumpkinMichael and Deborah Parker GP Scholars’ Circle Gary and Joanie LuppensCharles Parks and Nicole Alu-Park ($100 - $249) Andrew and Melissa MartinBruce Robson Anonymous (6) Georgann L. MastinJay and Jen Southard Bradley and Stephanie Adkins (in memory of Mac Wessels ‘11)Ken and Frances Sterling The Anderson Family The Matyiko FamilyLinda and Howard Townsend ^ The Bartrug Family - Rocky, Donna, Dan and Deb Maupin ^Value Carpet One JonRyan ‘07 and Logan ‘11 Lee and Linda May GP (in honor ofPreston and Linda Waller GP (in memory of Becky Gordon) Lily ‘25 and Ella ‘21 Gammel) Marianna Batie ‘89 Ms. Laura McCray GP Casey Bellamy ^ Grady and Alison McGrew12

The Evergreen Society We are grateful for:The Evergreen Society recognizes those who have thoughtfully included • a grant from the SalisburyThe Salisbury School in their estate plan. We are grateful to all who and Wicomico Arts Council,consider taking steps to ensure the future of The Salisbury School. awarded by the Maryland State Arts Council and theAnonymous Nick Kypreos National Endowment for theDr. Kent+ and Charlene Carney Richard and Margy Meeks Arts, in support of GlobalCarl and Joanne Cottingham Jim and Jan Perdue Awareness DayKimberly and Peter Cuesta Tom and Susan RobinsonPierre Genvert Cindy Smith-Pilchard • grant support for the MiddleFrank and Diane Gunion Brett Spengler School Experiential BackyardTom and Anita Johnson Debbie and Michael Wessels outdoor classroom provided by the Community Foundation of+ deceased the Eastern ShoreBrent and Amy Miller Lori Peters The Salisbury SchoolDrew and Tiffany Miller ^ (in honor of Brianna Peters) Education FoundationDenis and Angela Munn GP The Pope FamilyMichele P. Munnelly Judy Sieg ^ The Salisbury School Ed-Brook and Amanda Pollack Abby Southard ‘13 ucationalCharles and Anne Potterton Chris and Theresa Spicer ^ Foundation isThe Riggin Family Tamicka R. Taylor committed toBill and Marlene Rinnier GP Tim and Jenny Tusing the importantKatheryn Rodler Rod and Melanie Whisner task of secur-(in memory of Yvonne Rodler) Chris Woodard and Andrea Horyna ing a long-termJenifer Rose sustainableMr. and Mrs. Henry Rutledge (in honor Reem Zeidan ^ financial base for the school’sof Don ‘92 and Macon ‘94 Rutledge) current and future needs, asRene Schoellkopf ^ In-kind Donations well as ensuring that alumni,Mr. and Mrs. John Sieg GP Anderson Fence past trustees, families and(in honor of grandsons Avery, Beauchamp Construction friends remain a dynamicMax ‘19 and Colby ‘26) David Harkins, Harkins Concrete part of the TSS community.John and Lise Swanson Tom Johnson and Eastern Shore Board of DirectorsTarget, Take Charge of Education Forest Products Tom Johnson, PresidentDavid and Andrea Vandiver ^ Dave and Jenny Jones Carl CottinghamNicole Wagner Jerry Matyiko and Expert Pierre GenvertLizanne and Bill Wallace ^ House Movers Neoklis KypreosBruce and Barbara White Dwight Miller and Gillis Gilkerson, Inc. Jamie LeCates (ex officio)(in honor of the Munn family) Parker Associates, Inc.Kauriee and Michael Wood ^ Mike and Karen Rabasca 13 The Simms FamilyFriends’ Circle (up to $99) Ken and Debbie Usab andAnonymous (2) Morris RichieSuzanah and Stephen CainRenee Clarke ^ Donations to theKathy Conway TSS Athletic BoostersZach Cowell ‘14 Kim and Pete CuestaRyan Cowell ‘16 Sandy and Jason SimmsThe Cox Family John SimmsJenny and Keith Donoway ^ John and Lori ButlerJoshua Downes ‘97 Lori and Darren Disney(in memory of Becky Gordon) Mike CulverJohn ‘30 and James ‘32 FisherTonney ‘91 and Megan Insley Matching Gift CompaniesDixie Judy (in honor of Alexandra Arthur J. Gallagher Foundationand Ross Higgins) Delta Airlines FoundationAdam Meeks ‘99 Eli Lily and Company FoundationTom Paciga Merck Foundation PNC Foundation* Gifts to The Salisbury School Educational Foundation ^ Staff GP Grandparent

GIVING STORIESThroughout its nearly 50-year history, The Salisbury School has benefited from the consistent generoussupport of its extended family. From selling barbequed chicken on Route 50 in the earliest days of theschool, to consistent parent support of the annual fund, to the transformational giving that built the Middleand Upper School buildings, our school community always comes through. It’s that same generosity todaythat guides us as we work to build the school’s endowment and prepare our campus for the next 50 years.2016-17 saw many examples of thoughtful creative philanthropy at TSS.As is so often the case, someone The Robinsons ably working Detailed in the Chairman’ssees a need and steps up to fill it. at the 2018 production of Letter on page 4 of thisTom and Susan Robinson, long Grease. report, the TSS solar field isinvolved with the production of the an example of innovativeall-school musical, solved the prob- philanthropy at this best.lem of housing the production’s Tom and Anita Johnson’ssets, stage and supplies with a forward-thinking leadershipgenerous $75,000 gift to construct in this project has created ana spacious storage building on asset that will benefit TSScampus. In true Salisbury School far into the future with, whenstyle, it became a team effort with all is said and done, a valuein-kind donations from Harkins to the school of closeConcrete, Eastern Shore Forest to $1 million.Products, Jerry Matyiko and ExpertHouse Movers, Dwight Miller andGillis Gilkerson, Parker Associates,and Ken and Debbie Usab andMorris Richie Associates. Holiday Johnson with board chair Teachers taking initiative, in partnership with the community,Alum Chris Johnson with his parents Nick Kypreos at the leadership transform student learning. donor party in May 2017. In fall 2016, Middle Schoolon Founders Day 2017. teacher Christine Cook received a $3,500 grant from theTSS parents Chris and Holiday Johnson recognize the past, present Community Foundation of theand future value of an institution like The Salisbury School and in Eastern Shore for her innovativeMarch 2017 cemented that commitment with a $100,000 gift to The outdoor classroom project, TheSalisbury School Educational Foundation in support of the school’s Experiential Backyard. Built forendowment. Long-term generous investment in endowment is key to and by our students, the projectthe school’s future financial security and Chris and Holiday share the was a real community endeavorschool’s vision in that effort. and the kids are loving their new learning space.THANK YOU On behalf of The Salisbury School students, the ultimate beneficiaries oft1h4is generosity, thank you all.

FINANCIAL PICTURE2016-2017The Salisbury School continues its commitment to financial accountability and stability, ending anotheryear with a balanced budget*. Stable enrollment and a strong contributed revenue stream allow TSSto engage in thoughtful long and short-term planning. With your tuition payments and generousdonations as our main sources of operating funds, we take the stewardship of those funds very seriously.Intentional, well-managed use of our resources allow us to continue to provide students the besteducational product possible. Thank you.0.7% 2.4% 0.9% 4.9% 4.2% 3.4% 10.2% 90.8% 3.2% 8.2% 71.1%Tuition and Fees Salaries and BenefitsAnnual Giving Educational Program ExpensesFundraising Administrative CostsEndowment Distributions Physical PlantOther Programs (Net) Capital Improvements Debt ServiceTotal Income: 4,915,699 Total Expenses: 5,051,153*Our official 2016-17 balance sheet does show a nominal deficit due to the timing of a restricted donation vs. when the projectwas billed and completed. 15

6279 Hobbs Road NON PROFIT ORGSalisbury, MD 21804 U.S. POSTAGE410.742.4464 PAID PERMIT #201 DULLES, VAView our 2016/2017 Report to the Community online at www.thesalisburyschool.org