Reporting on Our Financial Performance
|
Condensed Statement of Activities for
the year ended May 31 (in thousands) |
||
|
Revenue and Expenses |
2011 |
2010 |
|
REVENUES |
|
|
| Tuition and Fees | $209,810 | $193,675 |
| Less Scholarships | (60,586) | (55,204) |
| Net Tuition and Fees | 149,224 | 138,471 |
| Auxiliary Enterprises | 25,936 | 24,721 |
| Private Gifts and Grants | 7,526 | 10,443 |
| Government Grants | 5,512 | 3,910 |
| Endowment payout under spending formula | 4,917 | 3,452 |
| Investment Income | 467 | 276 |
| Other Income | 7,485 | 7,282 |
|
Total Revenues |
$201,067 |
$188,555 |
|
EXPENSES |
|
|
|
Instruction |
$72,713 | $65,756 |
|
Public Service |
742 | 711 |
|
Academic Support |
16,763 | 16,006 |
|
Student Services |
30,190 | 27,152 |
|
Institutional Support |
35,684 | 33,615 |
|
Research |
4,528 | 3,968 |
|
Auxiliary Enterprises |
31,885 | 29,553 |
|
Total Expenses |
$192,505 |
$176,761 |
|
Change in Net Assets from Operating Activities |
$8,562 | $11,794 |
|
Non-Operating Activities |
23,566 | 20,300 |
|
Total Change in Net Assets |
$32,128 |
$32,094 |
|
Net Assets Beginning of Year |
$312,183 | $280,089 |
|
Net Assets End of Year |
$344,311 |
$312,183 |
|
|
|
|
|
Condensed Statement of Financial Position
for the year ended May 31 (in thousands) |
||
|
|
2011 |
2010 |
|
Total Assets |
$623,696 | $558,233 |
|
Total Liabilities |
279,385 | 246,050 |
|
TOTAL NET ASSETS |
$344,311 |
$312,183 |
Copies of the University’s audited financial statements will be made available upon written request to the attention of:
Dr. Louis J. Mayer, Vice President for Financial Affairs, Saint Joseph’s University, 5600 City Avenue, Philadelphia, PA 19131-1395.
