St. Francis College Statement of Activities
For the year ended June 30, 2017, with summarized totals for 2016.
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 2017 2016
$63,484,419 $— $— $63,484,419 $60,523,072
(22,100,106) — — (22,100,106) (20,727,859)
(335,220) — — (335,220) (301,015)
41,049,093 — — 41,049,093 39,494,198
500,368 — — 500,368 519,848
Operating gifts and private grants 1,445,739 838,253 — 2,283,992 2,988,504
Investment return used for operations 3,508,012 — — 3,508,012 3,464,781
Other 2,224,742 — — 2,224,742 2,131,937
Net assets released from restrictions 1,557,890 (1,557,890) — — —
50,285,844 (719,637) — 49,566,207 48,599,268
19,881,276 — — 19,881,276 19,258,902
5,109,845 — — 5,109,845 4,860,100
Student services 12,449,495 — — 12,449,495 11,643,339
Institutional support 13,737,684 — — 13,737,684 12,984,876
51,178,300 — — 51,178,300 48,738,217
(892,456) (719,637) — (1,612,093) (138,949)
Gifts and private grants 1,764,007 48,860 899,036 2,711,903 180,855
Campaign campaign expenses (761,905) — — (761,905) (686,034)
Capital project expenses (280,748) — — (280,748) (463,371)
Investment return net of amounts in support of operations 2,316,396 2,224,373 — 4,540,769 (3,624,763)
Early retirement program (620,243) — — (620,243) (609,406)
Changes in net assets from nonoperating activities 2,417,507 2,273,233 899,036 5,589,776 (5,202,719)
Changes in net assets 1,525,051 1,553,596 899,036 3,977,683 (5,341,668)
70,459,357 11,610,002 12,413,173 94,482,532 99,824,200
$71,984,408 $13,163,598 $13,312,209 $98,460,215 $94,482,532
O PER ATIN G RE VENUES AND SUPP O RT
Student tuition and fees
College scholarships
Federal financial assistance
Net tuition and fees
Government appropriations
Total operating revenues and support
O PER ATIN G E X PENSES
Instruction
Academic support
Total operating expenses
Changes in net assets from operating activities
N O N O PER ATIN G AC TIVITIES
Net assets, beginning of year
Net assets, end of year
S T. FR A NC I S COL L EGE | 2016–2017 A NNUA L DONOR R EPOR T
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