2019-20 Sacred Heart Schools Annual Report | Page 17

Statement of Activities

Fiscal Year ended June 30 , 2020 1
Revenue
Tuition and Fees
16,219,866
Student Programs , Services and Other
974,699
Total revenue
17,194,565
Expenses
Instruction and Student Activities
9,834,408
Tuition Assistance , Remission and Sibling Discount
3,428,113
General Admin , Advancement and Marketing
3,741,858
Facilities Management
1,306,588
Depreciation
1,374,012
Interest and Fees
431,467
Total expenses
20,116,446
Operating income ( loss ) ( 2,921,881 )
Fundraising
Annual Fund contributions
1,217,174
Major gifts and other contributions
334,697
Parents of the Heart contributions ( net )
199,642
Total Fundraising
1,751,513
Income ( loss ) after fundraising ( 1,170,368 ) Other Income ( loss ) 2 ( 640,774 ) Change in Net Assets $( 1,811,142 )
1 Sacred Heart ' s annual audit is performed by Plante & Moran , PLLC . The figures presented in this Annual Report are unaudited as of press date . Final audited financial statements will be available from Sacred Heart ’ s Finance Office beginning December 1 , 2020 .
2 Includes realized and unrealized gains and losses on investments and disposal of assets