Page 25 - Citizens' Education Inc.
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Financial Projections
Citizens High School
2018 2019 2020 2021 2022
Total Revenue $853,354 $11,474,975 $22,593,550 $42,903,850 $68,245,550
Total Expense $1,157,823 $2,954,685 $12,287,780 $24,915,788 $41,086,253
Total Net Profit Before Taxes -$304,469 $8,520,290 $10,305,770 $17,988,062 $27,159,297
University System
2018 2019 2020 2021 2022
Total Revenue $0 $20,025,500 $39,436,875 $75,956,125 127,265,000
Total Expense $0 $20,015,720 $36,689,639 $58,792,973 $95,777,504
Total Net Profit Before Taxes $0 $9,780 $2,747,236 $17,163,152 $31,487,496
Note 1: High School System reflects revenue from 4 high schools and expanding vertical Market
Note 2: University System revenue based based on average revenue of a typical 500 student resident
base college plus revenues from additional universities and programs added during each year of
operations.
24
Confidential
