Bryn Athyn College
President’s Report
Dr. Kristin King
B
• Student revenues accounted for 31% of the
College’s total revenues in 2012-2013 vs.
17.5% in 2008-2009. Enrollments were 226
undergraduate and 6 in the MDiv program.
We also had healthy enrollments in summer
arts programs and the Masters of Religious
Studies (MARS). Tuition discount rates improved from 41% in 2011-2012 to 37% for
2012-2013; this translates to approximately
$11,000 per student after financial aid. Room
and board revenue per student net of aid
also improved year over year, from $4,900
to $5,200 per student. Net tuition and net
room and board are continuing to grow for
2013-14.
ryn Athyn College had a strong year in 20122013 in academics, campus life, and financial
progress. Enrollments were lower than we had
planned by 30 students, but we saw solid improvement in the net tuition revenue per student, which
strengthens our bottom line and positions us well
to meet our target for the current strategic plan,
2011-2016.
Finances
The 2012-2013 deficits for Bryn Athyn College
and Theological School were $2.76 million and
$147,000 respectively (depreciation not included).
This is less than the original projected deficit by
$1,357,000 ($1,248,000 for the College, $109,000
for the Theological School). Improved results were
generated from both greater income and reduced
expenses.
• College expenses have been reduced to $10.3
million in 2012-2013 vs. $12.9 million in
2010-2011 with the greatest reductions in
marketing, facilities, administration, and
employee benefits. Expenses will begin to
increase gradually in future years as College
enrollments expand.
• The College achieved its goal of $1.8 million in gifts to operations, a significant
increase over past years. The 2013-14 target
is higher at $2 million and will remain at approximately these levels for several years. The
Theological School also received important
gifts for endowment, student scholarships,
and student cost of living stipends.
Cash needs arising from deficit spending are
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