Comments on average salary calculation:

• For the purpose of this disclosure, “teacher” is defined as a “returning teacher.”
• Returning teachers received an average salary increase of 10% in FY19.

Note:

• Salaries for new teachers are based on the faculty candidate’s level of education and relevant teaching experience. Increase in pay is available to faculty for educational advancement to a Master’s degree or Doctorate.
• Returning Teaching Assistants received a 5% wage increase.
• Prop. 301 teacher bonus funding is not included in these calculations.
• 2017/2018 teacher increases were 2% (1% was funded by the State).

The table below indicates each academy’s average teacher salary for fiscal year 2019 as well as a calculation of total benefit expenditures as a percent of total salary expenditures at that academy. This means that for fiscal 2019 Great Hearts teachers received various employment benefits equal to 27-37% of their base salary.

Employee benefits include healthcare coverage, 401k matching (up to 2%), worker’s comp., and payroll taxes.