Statement of Activities
Fiscal Year ended June 30, 2018 1
Revenue
Tuition and Fees
14,587,362
Student Programs and Services
1,343,775
Total Revenue
15,931,137
Expenses
Instruction and Student Activities 9,335,684
Financial Aid and Tuition Assistance 2,684,780
General Admin, Advancement and Marketing 3,282,392
Facilities Management
1,161,305
Depreciation 1,219,336
Interest and Fees 406,099
Total Expenses
18,089,596
Operating Income (loss)
(2,158,459)
Fundraising
Annual Fund Contributions
1,231,246
Major Gifts and Other Contributions
Masterpiece Campaign Contributions
125,420
2
Parents of the Heart Contributions (net)
Total Fundraising
307,147
280,929
1,944,742
Income (loss) after Fundraising (213,717)
Other Income (loss) 1,612,942
3
Increase in Net Assets
$1,399,225
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, 2018.
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