St. Francis College Statement of Activities
For the year ended June 30, 2015, with summarized totals for 2014.
T O TA L
UN RE S T RI C T ED
T EM P O R A RILY
RE S T RI C T ED
P ERM A N EN T LY
RE S T RI C T ED
2015
2014
$57,611,4 31
$—
$—
$57,611,4 31
$ 5 4, 8 0 6, 8 9 9
(18 ,4 32,93 8)
—
—
(18 ,4 32,93 8)
(17, 8 07, 874)
(2 9 8 ,70 9)
—
—
(2 9 8 ,70 9)
(2 93,79 6)
38,879,78 4
—
—
38,879,78 4
36,705,229
511,9 45
—
—
511,9 45
5 0 5,5 5 4
Gifts and private grants
1,975,79 6
2,0 52,132
—
4,0 27,928
2, 3 3 9,15 3
Investment return used for operations
3,6 6 6,017
—
—
3,6 6 6,017
3,78 6, 873
Other
2,18 5,9 0 0
—
—
2,18 5,9 0 0
1,9 6 4,49 6
Net assets released from restrictions
1, 270,6 69
(1, 270,6 69)
—
—
—
48,490,111
781,463
—
49,271,574
45,301,305
19,6 3 9,519
—
—
19,6 3 9,519
18 ,715,528
4,74 3,4 01
—
—
4,74 3,4 01
4,70 9,478
Student services
10, 814, 378
—
—
10, 814, 378
11,0 0 8 ,0 69
Institutional support
12, 323, 352
—
—
12, 323, 352
11,575,518
47,520,650
—
—
47,520,650
46,008,593
969,461
781,463
—
1,750,924
(707,288)
28 5,4 35
9 0, 232
579, 218
95 4, 8 8 5
1,018 , 3 3 6
Capital campaign expenses
(75 3,918)
—
—
(75 3,918)
(6 6 6,4 8 0)
Capital project expenses
(5 8 5,12 0)
—
—
(5 8 5,12 0)
(310,759)
(2, 8 21,9 9 4)
2 9 9,6 6 8
—
(2,52 2, 326)
6, 23 0,15 5
(613,0 8 3)
—
—
(613,0 8 3)
(3 0 3,16 8)
—
—
—
—
718 ,6 5 6
Changes in net assets from nonoperating activities
(4,488,680)
389,900
579,218
(3,519,562)
6,686,740
Changes in net assets
(3,519,219)
1,171,363
579,218
(1,768,638)
5,979,452
80,139,692
9,904,034
11,549,112
101,592,838
95,613,386
$76,620,473
$11,075,397
$12,128,330
$99,824,200
$101,592,838
O PER ATIN G RE V ENUE S A ND SUP P O RT
Student tuition and fees
College scholarships
Federal financial assistance
Net tuition and fees
Government appropriations
Total operating revenues and support
O P E R AT I N G E X P E N S E S
Instruction
Academic support
Total operating expenses
Changes in net assets from operating activities
N O N O P E R AT I N G A C T I V I T I E S
Gifts and private grants
Investment return net of amounts in support of operations
Early retirement expense
Gain on sale of fixed assets
Net assets, beginning of year
Net assets, end of year
S T. FR A NC I S COL L EGE | 2014–2015 A NNUA L DONOR R EPOR T
41