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ImprovingtheFinancialSustainabilityofNCTRPartnerPrograms

InpartnershipwithPublicImpact

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Web

inar

Tool/G

uidance

Benchm

arking

•  Clearlydefinefinancialsustainability•  Identifyhigh-leverageoptionstoimprovefinancialsustainability•  Identifyhardtruths

•  Exceltooltohelpyoubuilda5-yearbudget•  Guidancedocumenttohelpyouthinkthroughkeydecisionsaroundstaffing,costsandfunding

•  PhoneconsultationswithNCTRteammembersandfinanceexpertstohelpyoutroubleshootfinancialplanningdecisionsandaddressquestionsaroundprogramcostsandfunding

•  Collect,analyzeandsharebenchmarkingdatacollectedthroughthisprocess

NCTRTechnicalAssistance

DESIGNFORIMPACT:INITIATIVEOVERVIEW

Consultin

g

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WHATDOESITMEANTOBE“FINANCIALLYSUSTAINABLE?”

FinancialCapacity

Havingtheresourcesneeded

toseizeopportunities(e.g.achievingscale)whilemaintaining

currentoperations

Theabilitytomaintainor

expandservicesovertimeinresponseto

opportunitiesandthreats

Resiliencytooccasional,short-term

economicshocks

©NationalCenterforTeacherResidencies 3

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KEYQUESTIONS


FinancialCapacity ResistancetoFinancialShocks

1.  Arerevenuesgreaterthanexpenses?

2.  Arevariablerevenuesgreaterthanvariableexpenses?

3.Arerecurringrevenuesgreaterthanrecurringexpenses?

4.Arerevenuesdiverse?

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BASICLEVERSFORBOLSTERINGFINANCIALSUSTAINABILITY

§  Residents§  Mentors§  IHETuition§  Operations

§  Increaseexistingsources§  Accessnewsources§  Leveragefundsdifferently

MinimizeCosts

MaximizeDiverse,RecurringRevenue


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FinancialSustainability

ProgramQualityAbilitytoAttractGreatCandidates

FINANCIALMETRICSARENOTTHEWHOLESTORY

6

ThreeKeyQuestions:

1.  Istheprogramfinanciallysustainable?

2.  Istheprogramadequatelyresourcedtosupportdesiredoutcomes?

3.  Isthevalue-propositiontoresidentssufficienttoattracthigh-quality,diversecandidatestoservehigh-needsschools?

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REVENUECONSIDERATIONS

©NationalCenterforTeacherResidencies

Capturecost-savingstodifferentdepartments

Shareresponsibilityforstipends

Accessalleligiblefundingsources

7

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RE-DIRECTCOST-SAVINGSTORESIDENCY

Whatdoesthismean?§  Districtcompensatesresidencyprogramsforprovidingservicesthatlowercosts

(e.g.recruitment,training)orotherwisesavedistrictmoney(e.g.loweringteacherturnover,needforstudentremediation)

Howwoulditwork?§  Districtpaysfeetoresidencyprogramsinexchangeforprovencost-savings§  Payforsuccessorothermechanismmaydeferpaymentuntilcost-savings

actualized


Revenues>Expenses VariableRevenue>VariableExpense

RecurringRevenue>NonrecurringRevenue

DiverseRevenue

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SHARERESPONSIBILITYFORSTIPENDS

Whatdoesthismean?§  Districtorschoolscontributesomeorallofresidentand/ormentorstipendsHowwoulditwork?§  Districtorschoolstapexistingfundingstreams(e.g.TitleII)orutilizefunds“freedup”

throughnewprogramorinitiativeWhyisitimportant?§  Stipendscompriseabouthalfofprogramcosts;loweringstipendpaymentshashuge

impactonfinancialhealth§  Stipendpaymentsarevariable,growingasresidentsservedgrows




DiverseRevenue

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ACCESSAVAILABLEFUNDING

NCTRprogramscurrentlyreceivefundingfromthefollowingfederalgrants:

SupportingEffectiveEducatorDevelopment RobertNoyceTeacherScholarshipProgram

AmeriCorpsStateandNationalGrants EducationInnovationandResearchGrants

TeacherQualityPartnershipGrants TeacherandSchoolLeaderIncentiveFund

TeacherEducationAssistanceforCollegeandHigherEducation(TEACH)Grant

TeacherLoanCancellationforPerkinsLoans

PublicServiceLoanForgivenessProgram TeacherLoanForgivenessforStaffordLoans




DiverseRevenue

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COSTCONSIDERATIONS

Stipendlevels

Otherprogramcosts

Degree/coursecosts


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STIPENDLEVELS

HowmuchdoNCTRprogramscurrentlyofferresidentsandmentors?


MinStipend MaxStipend Avg.Stipend

Resident $2,500 $38,611 $20,673

Mentor $1,000 $5,000 $2,964

Howdoesthestipendlevelimpactabilitytorecruitandcompete?§  Compareyourstipendleveltosimilarandcompetingprogramsandstarting

teachersalary§  ConnectwithexistingNCTRprogramsoperatinginasimilarmarket

Howmuchofthebudgetdostipendsmakeup?§  Residentstipendsaccountforabout40-45%ofprogramcosts.§  Mentorstipendsaccountforlessthan10%.



DiverseRevenue

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DEGREE/COURSECOSTS

Howmuchistuition,exclusiveofanytuitionsupportresidentsmayreceive?

MinimumTuition MaximumTuition AverageTuition

Amount $0 $30,800 $15,176


WhoarethepotentialIHEoptions?§  Makedecisionbasedonprice,curriculum,reputation,andabilitytoworktogetherArelessexpensivedeliverymodelspossible?§  Programsshouldhaveaneyetocost-savingswhenselectingtheleadpartnerand

developingthestaffingmodel§  Mustresidencyprovidepathtodegree,orcouldcertificationsuffice

Revenues>Expenses VariableRevenue>

VariableExpenseRecurringRevenue>NonrecurringRevenue

DiverseRevenue

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