Statement of Activity
|
Balance Sheet
|
| REVENUE |
ASSETS |
| Tuition and fees |
$362,409 |
Cash and cash equivalents |
$125,614 |
| Scholarship allowance -- tuition and fees |
$(125,742) |
Accounts receivable |
$34,789 |
| Net Tuition |
$236,667 |
Pledges receivable |
$87,092 |
| Gifts |
$89,326 |
Investments |
$1,229,386 |
| Endowment income, net of investment expenses |
$14,747 |
Property, plant and equipment |
$710,894 |
| Net realized and unrealized gain on investments |
$15,782 |
Other assets |
$9,906 |
| Grants and contracts |
$28,242 |
Total Assets |
$2,197,681 |
| Organized activities |
$8,728 |
|
|
| Other sources |
$30,453 |
LIABILITIES |
| Auxiliary activities |
$47,117 |
Accounts payable and accrued expenses |
$169,098 |
| Scholarship allowance — room and board |
$(2,829) |
Deposits and deferred income |
$25,680 |
| Independent operations |
$3,549 |
Notes payable |
$777 |
| Total Revenue |
$471,782 |
Bonds payable |
$466,960 |
| |
|
Advances for student loans |
$2,826 |
| EXPENSES |
Total Liabilities |
$665,341 |
| Program expenses: |
|
|
|
| Instructional |
$154,440 |
NET ASSETS |
$1,532,340 |
| Academic support |
$52,971 |
Total Liabilities and Net Assets |
$2,197,681 |
| Research |
$22,053 |
|
|
| Organized activities |
$10,374 |
|
|
| Student services |
$41,664 |
|
|
| Auxiliary activities |
$59,734 |
|
|
| Total Program Expenses |
$341,236 |
|
|
| Institutional support |
$89,653 |
|
|
| Independent operations |
$3,113 |
|
|
| Total Expenses |
$434,002 |
|
|
| Other changes |
$(6,844) |
|
|
| Change in Net Assets During the Year |
$30,936 |
|
|