Fall 2017: Heartbeat and Annual Report Fall17 Heartbeat | Page 38

Statement of Activities
Fiscal Year ended June 30, 2017 1
Revenue
Tuition and Fees 14,078,191
Student Programs and Services 1,238,760
Total Revenue
15,316,951
Expenses
Instruction and Student Activities 8,907,068
Financial Aid and Tuition Assistance 2,368,866
General Admin, Advancement and Marketing 3,461,165
Facilities Management 1,126,608
Depreciation 1,187,563
Interest and Fees 303,595
Total Expenses
17,354,865
Operating Income (loss)
(2,037,914)
Fundraising
Annual Fund Contributions
1,160,988
Major Gifts and Other Contributions
Masterpiece Campaign Contributions
129,460
2
Parents of the Heart Contributions (net)
Total Fundraising
2,152,815
430,352
3,873,614
Income (loss) after Fundraising 1,835,700
Other Income (loss) 2,289,873
Increase in Net Assets $4,125,573
3
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, 2017.
2 This amount reflects current year contributions received toward the Schools’ Masterpiece Capital Campaign, begun in fiscal year 2014.
The Masterpiece Campaign includes funds that are to be expended over several years as well as permanently restricted funds.
3 Includes realized and unrealized gains and losses on investments as well as gain on disposal of assets