Casady School
PO Box 20390
Oklahoma City OK 73156
Tax Exempt Status Exempt-Other
Organization Does Business As (DBA) Name(s)
Organization DBA
Casady School, Inc.
Casady School Foundation, Inc.
Casady School Private Foundation, Inc.
Casady Parents' Organization
Mission Statement

Casady School develops excellence, confidence, and integrity in students and prepares them with the skills and knowledge that serve as the foundation for success.


Contact Information
Contact Name Evan Walter
Contact email waltere@casady.org
Address PO Box 20390
Oklahoma City, OK 73156
Phone (405) 7493100
Fax 405-7493214
County Oklahoma
Alternate Address 9500 N. Pennsylvania
Oklahoma City OK 73120
How to Give
Donate with Credit Card https://www.casady.org/donate
Donate to Endowment http://occf.org/casady/
Other ways to donate, support or volunteer

How You Can Support Casady:

Casady offers a variety of ways to support our School, including:

1 - Annual Fund campaign

2 - The Alumni Association's annual Casady Golf Tournament

3 - The Cyclone Booster Club

4 - The Casady Parents' Organization

5 - Casady Arts Alliance 

6 - Capital or special project campaigns 

7 - Endowment funds

8 - Gifts of securities

9 - Companies matching gifts

10 - Bequests, life insurance transfers and life income gifts are among the many options available in Planned Gifts

11 - Volunteering your time through the Casady Parents' Organization (CPO), the  Booster Club, the Casady Arts Alliance, or within each division

For more information on how to make gifts of any kind to Casady School please contact Evan Walter, (405) 749-3186 or waltere@casady.org.

Financial Summary
 
 
Projected Revenue $18,600,000.00
Projected Expenses $17,500,000.00
History and Background
Former Names
NameYear
Casady Hall1947
Year Founded 1947
IRS Ruling Year 1948
Statements
Mission

Casady School develops excellence, confidence, and integrity in students and prepares them with the skills and knowledge that serve as the foundation for success.


Background
As the country was emerging from World War II, a youthful Oklahoma City thrived on the optimism of the postwar era. Some citizens, with Bishop Thomas Casady, Bishop of the Episcopal Diocese of Oklahoma, were exploring their dream to establish a diocesan center which would include a cathedral, a conference facility, and a boarding school for the city.
 
At the same time a group of Oklahoma City businessmen, out of concern for the quality of education available and recognizing the contribution of independent schools to American education, was discussing the possibility of starting a college preparatory church school in the classical tradition. This resulted in a financially feasible plan for a school, which, in many ways, resembled from the beginning the inclusive, family-oriented and coeducational nature of Casady School today. They envisioned a school that would offer small classes, personal attention and worship in an atmosphere fostering healthy competition.

Named after Bishop Thomas Casady, Casady School began as Casady Hall on February 17, 1947. A donation of property at the corner of Britton Road and Pennsylvania Ave. would provide the campus and first buildings for the school. This included a tract of 38 acres of land, a small lake, a house and two barns.

The Reverend Michael Martin was hired as headmaster and in September 1947 Casady Hall opened its doors. There were 36 students in three grades: seventh, eighth and ninth, and a faculty of four. Tuition was $500 per year. Classes were held in the remodeled polo pony stable, and the feed building behind it became, appropriately, the “Snack Shack,” while the hay barn served for arts and crafts.

The school was renamed Casady School in May 1948. In 1950, St. Edwards Chapel was completed and ever since the chapel has been the spiritual center of Casady School. More than 600 daily services are conducted during the school year, involving students of all ages. By 1965, 12 more buildings were in place. Today, 29 buildings dot the now 80-acre campus.
Impact

 

The Casady campus is thriving.  In 2015, completed construction of a new multi-purpose/storm shelter building for our Lower and Primary Division students, faculty and staff. This building is providing much-needed educational space for our youngest students, as well as safe harbor in the event of significant weather events.

Our students continue to realize outstanding accomplishments with over $5 million in academic and athletic college scholarships earned by the 2015 graduating class. These graduates matriculated to 43 different colleges and universities in the United States, of which 72% are attending schools outside the state.  These accomplishments are in addition to the countless other daily achievements Casady students realize both in and outside of the classroom. A Casady education remains the standard of excellence in the area, and support from our donors makes it possible year in and year out.

 

CEO/Executive Director Statement Casady School is committed to sustainability across all fronts, including financial, programmatic, and demographic.  Our institution is structured on a solid foundation as demonstrated by our financial health and the interest from our community in the value that Casady contributes, as demonstrated by the leadership that has come from a Casady education.
Board Chair Statement Casady School is one of the oldest college preparatory schools in Oklahoma. For the last 67 years, Casady’s graduates have received some of the best educational opportunities available, have gone on to graduate from top universities around the country and have assumed leadership roles in the Oklahoma City community and around the world. Indeed, for many years Casady enjoyed its successes with very little competition.

However, in order for any business to remain successful at what it does, it must be aware of and, if necessary, adapt to changes in the marketplace. This basic axiom of business applies equally to a private educational institution. And, the failure to notice or the failure to adapt to such changes can result in the erosion of your position in the marketplace.
 
About 10 years ago, two changes began to have an impact on Casady. First, there were dramatic shifts in the way education was delivered. Second, the market for private education in Oklahoma City saw a number of new options emerge and existing private institutions began to improve their programs. Unfortunately, the management at Casady during that time either failed to notice or failed to acknowledge these fundamental shifts. Instead, Casady continued to rely on its prior successes as the market changed around it. As a result, donations to and the operations of the School suffered. 

Changes in the management and governance at Casady School brought significant modifications to an institution entering its 60th year of operation. During the last half-decade or so, Casady revisited and retooled the way it educates students. While Casady maintained most of its tried and true traditions that were the foundations for its success, Casady also began to adapt its educational and operational activities to address changes in the educational marketplace. At the same time, Casady looked outside its campus to gain a better understanding of what other successful schools were doing that eroded Casady’s leadership position.
 
Fortunately, the changes put in place at Casady have had a positive impact on every aspect of the School. While the impact of some of these changes was immediate, some changes gradually resulted in their intended impact. The result is that Casady is in better shape today than it has ever been. However, change is never easy, and implementing it can have unintended consequences that must be addressed.
 
In an institution that had done things well for  60 years, many constituents were suspicious, if not outright opposed, to making any changes. Yet, the changes were necessary. As such, the management and governing body at Casady had to strike a careful balance between maintaining traditions and adapting to new and improved methods. And, from a giving standpoint, Casady had to take extra steps to educate its constituents on why the changes were necessary and what it would take to implement the changes.

Through careful planning for and implementation of these needed changes, and with the thoughtful and detailed communications about such changes, Casady was able to make the needed changes and improve relationships with its donor community. In fact, these changes helped to improve the wonderful education opportunities at the School and increased overall giving at Casady.
Area Served
Area Served
Geographic Area Served
Central Oklahoma
Oklahoma City, OK and surrounding communities.
Service Categories
Secondary Organizational Category Education/Secondary & High Schools
Tertiary Organizational Category Education/Educational Services
Programs
Description Casady School possesses a strong tradition of excellence. For more than 65 years, Casady has stood as Oklahoma City’s premier independent school and continues to provide an environment in which highly-motivated students can flourish and find success in the classroom and beyond.  With programs beginning in the Primary Division for toddlers and continuing through 12th grade, Casady offers a complete, integrated educational experience from pre-K-12thgrade. Casady sits on 80 acres and features 29 buildings surrounding a scenic lake, providing a college-campus-like atmosphere.  Casady’s dedicated and supportive faculty is one of its greatest strengths.  Approximately 65 percent of our faculty holds advanced degrees.  Small classes, comprehensive arts programs, daily chapel, uniforms, family-style dining, and strong college counseling are just a few other elements that set Casady apart from other institutions.  
Strategy
Population Served Children and Youth (0 - 19 years) Families Children Only (5 - 14 years)
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program. Graduating seniors earned more than $37 million in college scholarships between 2001-2012 and Casady has graduated more than 70 National Merit Scholars between 2001-2012. These statistics are examples of our recent outcomes.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state.

Casady School develops excellence, confidence and moral integrity in each of its students by equipping them with the skills, knowledge and drive to make a difference.  Casady nurtures the mind, body and spirit of our students today to grow into our leaders of tomorrow. Approximately 95 percent of Casady graduates complete college with nearly 170 entering the medical profession. Approximately half of Casady’s alumni live in the state of Oklahoma with the remaining group spread across the world.

Program Success MonitoringHelpDescription of the tools used to measure or track program impact. Casady is accredited every 10 years by ISAS, Independent School Association of the Southwest.
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success. Graduating seniors earned more than $37 million in college scholarships between 2001-2012 and Casady has graduated more than 70 National Merit Scholars between 2001-2012. 100 percent of graduates from the class of 2012 entered a four-year institution in 32 different colleges - 1 in Scotland.
Comments on Programs
CEO/Executive Director/Board Comments

Independent schools often have a unique set of opportunities and challenges set before them. Because families choose to send their child to an institution like Casady we are continuously challenged by making sure we are getting the right kids into the program, those with a commitment to learning and a desire to experience a well-rounded and personalized education. Because Casady is not funded publicly, admissions is, and will always be, a challenge to maintaining a balanced budget while admitting those students who will flourish and thrive in an atmosphere like what our campus has to offer. Casady attracts and strives to maintain a diverse and well qualified student body. In addition, we offer our students the opportunity to be taught by some of the strongest faculty available from around the country. In an effort to model life-long learning to our students and maintain this high level of qualified faculty, we are continuously providing professional development for our staff. With an 80-acre campus and 29 buildings, another challenge faced by Casady is the extensive expense and maintenance of our facilities. While challenged by these expenses, keeping tuition levels reasonable in an effort to allow the best students possible to attend is important to Casady. Financial Aid represents approximately 16 percent of the Casady budget but remains vital to our commitment to providing a high level of education to a diverse and well-qualified student body.

CEO/Executive Director
CEO/Executive Director Nathan Sheldon
Start Date Sept 2014
Email sheldonn@casady.org
Senior Staff
NameTitle
Jim BonfiglioDirector of Operations
Curt FosterDirector of Admissions
Anne FranceLower Division Director
Betty Jane GarrettDirector of Communications
David GorhamAssociate Head of School
Elizabeth LarsenMiddle Division Director
Marcia MooreDirector of Phsychological Services
Jon Powell, Ph.D.Upper Division Director
Jane SharpPrimary Division Director
Nathan SheldonHead of School
Steve ShelleyDirector of Athletics
Shirley SmallCFO
Evan WalterDirector of Development
Staff
Number of Full-time Staff 101
Number of Part-time Staff 21
Number of Contract Staff 0
Number of Volunteers 101
Staff Retention Rate 88
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Ethnicity
African American/Black 8
Asian American/Pacific Islander 7
Caucasian 154
Hispanic/Latino 10
Native American/American Indian 1
Other 0 3
Staff Demographics - Gender
Male 71
Female 112
Organizational Plans
Fundraising Plan No
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Under Development
Number of Years Strategic Plan Considers N/A
Management Succession Plan No
Organization Policies and Procedures Yes
Collaborations
Casady was established in partnership with the Episcopal Diocese of Oklahoma and is still supported by the Diocese through financial support, use of the land on which Casady sits and leadership on the School's Board.  The identity of the School is strongly connected with the Episcopal Church.
Affiliations
AffiliationYear
NBOA - National Business Offices of America1999
ISM - Independent School Management1992
NAIS - National Association of Independent Schools2001
SAES - Southwest Association of Episcopal Schools2001
CASE - Council for Advancement in Support of Education1996
American Montessori1963
NAES - National Association of Episcopal Schools1966
ISAS - Independent Schools Association of the Southwest1955
SPC - Southwest Preparatory Conference1956
External Assessments and Accreditations
Assessment/AccreditationYear
ISAS - Independent Schools Association of the Southwest1955
Risk Management Provisions
Business Income
Boiler and Machinery
Crime Coverage
Directors and Officers Policy
Workers Compensation and Employers' Liability
Blanket Personal Property
Umbrella or Excess Insurance
Commercial Auto
Liability
Terrorism
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? No
Comments on Staff & Management
CEO/Executive Director/Board Comments

In regards to challenges and opportunities related to management of Casady School, we are fortunate to attract and maintain some of the brightest and most gifted faculty from around our country. Sound evaluation processes exist at Casady to ensure best practices are implemented around accountability, performance objectives, adherence to mission and demonstrated ability to further School aims. We also believe strongly in continued education and support of faculty in this effort.

Board Chair
Name Guy L. Patton
Company Affiliation University of Oklahoma Foundation
Term July 2013 to June 2017
Board of Directors
List Current as of July 01, 2016
Board of Directors List
NameAffiliationStatus
Paul Albers Voting
Katherine Walker Buxton Voting
John F. Covington Voting
Ramsey W. Drake IIVoting
Victoria English Voting
Eric S. Fisher Sr.Crowe & DunlevyVoting
Colin M. FitzSimons Voting
David R. Harlow BancFirstVoting
Caroline Meade Hendee Voting
Henry J. Hood Chesapeake EnergyVoting
Anthony D. Jackson M.D.Voting
The Right Rev. Dr. Edward J. Konieczny Episcopal DioceseVoting
Jenee Naifeh Lister Merrill LynchVoting
J. Michael Nordin Voting
Guy L. Patton University of OklahomaVoting
S. Bond Payne Jr.Heritage TrustVoting
Alice A. Pippin Voting
Marianne Brown Rooney Voting
Nathan Sheldon Casady SchoolVoting
C. Miles Tolbert Chesapeake EnergyVoting
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 19
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 14
Female 6
Not specified 0
Governance
Board Term Lengths 4 years
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 12 %
Board Orientation Yes
Constituency Includes Client Representation Yes
Written Board Selection Criteria? No
Standing Committees
Communications / Promotion / Publicity / Public Relations
Advisory Board / Advisory Council
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Audit
Building
Finance
Admissions
Advisory Board
Advisory Board Members
NameAffiliation
Leigh Ann Albers
Charles Atkins, Jr. Atkins Capital Strategies
T. Allan Broce
Katheryne Brown
Sharri Coleman
Christine Everest
Chip Everest
Tricia Everest
Josephine Freede
Margaret Griner
Andrea Jackson
Stanley Lee
William Leney
Bebe MacKellar
Lisa Mathis
Kathleen McClendon
Mark McCubbin
Steven McDonnold
Martha Mullally
Sumit Nanda
Larry Nichols
Ian Ogilvie Morgan Stanley Wealth Management
Thomas Oppenheim
Leslie Rainbolt-Forbes
Kathryn Ryan
Jonathan Schwartz
Lyndon Taylor Devon
William Vandever
Mary Woolsey
Comments on Board & Governance
CEO/Executive Director/Board Comments

Casady’s Board of Trustees has made significant strides in recent years to establish and adopt long-term strategic processes that ensure the future health of the School. Our Finance and Plant/Building committees have developed metrics which will allow our Board to measure progress towards our goals year in and year out. As with any school, we are challenged by balancing the day-to-day educational and programmatic aspects of our institution within our internal structure while the Board sets its sights on maintaining a more strategic and long-term vision for our School as well as fiduciary responsibility.

Current Fiscal Year
Fiscal Year July 01, 2015-June 30, 2016
Current Year Budgeted Total Income $18,600,000
Current Year Budgeted Total Expenses $17,500,000
Financial Documents
Audit2015
Audit2014
Audit2013
Audit2012
Audit2011
Audit2010
Audit2009
IRS Letter of Determination
Prior Three Years' Financial History
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$17,470,591$23,268,478$23,692,211
Total Expenses$15,113,801$15,118,091$14,823,094
Revenue Less Expenses$2,356,790$8,150,387$8,869,117
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Contributions------
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$2,813,488$3,518,788$2,068,382
------
$14,140,839$13,292,910$12,883,693
Investment Income, Net of Losses$342,478$350,380$389,004
Unrealized Gain/Loss$102,941$6,073,918$3,867,815
Membership Dues------
Special Events------
Revenue In-Kind------
Other$70,845$32,482$4,483,317
Expense Allocation
Fiscal Year201520142013
Program Expense$12,535,947$13,217,847$12,568,428
Administration Expense$2,577,854$1,900,244$2,254,666
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.161.541.60
Program Expense/Total Expenses83%87%85%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$85,469,422$84,042,749$74,523,746
Current Assets$17,264,337$20,525,274$20,755,784
Long-Term Liabilities$250,172$215,100$183,772
Current Liabilities$5,555,982$6,521,171$5,183,883
Total Net Assets$79,663,268$77,306,478$69,156,091
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities3.113.154.00
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountEarned Revenue $14,140,839Earned Revenue $13,292,910Earned Revenue $12,883,693
Second Highest Funding Source & Dollar AmountIndividuals $2,813,488Realized & Unrealized Gains (Losses) $6,073,918Other - Capital Campaign $4,483,317
Third Highest Funding Source & Dollar AmountInvestment Income $342,478Individuals $3,518,788Realized & Unrealized Gains (Losses) $3,867,815
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 4.75 %
Credit Line? Yes
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next Five Years? Yes
Comments on Financials
CEO/Executive Director/Board Comments

Ongoing challenges faced by Casady, as with any independent school, include maintaining a balanced budget while keeping tuition reasonable, and striving to maintain and grow a cash reserve and reserved maintenance funds to meet ongoing financial needs of the campus. Additional challenges include raising capital dollars for facility improvements while honoring a Board implemented 100 percent “cash in hand” policy prior to the initiation of any construction. As of February 1, 2013, Casady will pay off all remaining debt and the School will be debt free.  It is important to note that the $34 million in endowments is spread between OCCF, the Casady Foundation and a private foundation.

Foundation Staff Comments
All financial information for prior years is from audited financial statements. Capital campaign revenue is reported as 'Other' revenue.
 
As a religious-based school, Casady School is not required to file a tax return (IRS Form 990).
Address PO Box 20390
Oklahoma City, OK 73156
Primary Phone 405 7493100
Contact Email waltere@casady.org
Give with Credit Card https://www.casady.org/donate
Give to Endowment http://occf.org/casady/
CEO/Executive Director Nathan Sheldon
Board Chair Guy L. Patton
Board Chair Company Affiliation University of Oklahoma Foundation