In March we lost one-third of our students in addition to losing prospective students during our busiest recruiting time of the year. In total, we have half the students that we projected having at this time. To get by, we secured a government PPP loan in the spring, and were able to retain three-quarters of our teachers, pay rent, debts, and cover other business expenses.
At the start of this crisis we saw an opportunity to transform our business and come out stronger in the end. During the last six months we have been extremely busy. We have produced over 750 videos (and counting) for at-home learning, provided 700,000 minutes of one-on-one Zoom lessons, updated our books to accommodate our modern learning system, and reworked our website.
Hovland Conservatory is proud to be a self-sufficient non-profit organization and operates on an extremely tight budget. Even before COVID, we were always walking a fine line of meeting expenses. As we begin the coming school year, it is time for rebuilding so we are able to cover our expenses in full and operate sustainably. We have spent these last six months preparing for this moment and here is how you can help.
The flexibility to provide lessons in-studio and online means that we have to install internet in all of our studios and supply each teacher with an iPad in order to deliver all types of lessons from the studio. The expense for this is over $15,000 for the year. Any contibution is helpful and appreciated.