Statement of Activities
Fiscal Year ended June 30, 2019 1
Revenue
Tuition and Fees
Student Programs and Services
Total revenue 14,903,335
1,286,550
16,189,885
Expenses
Instruction and Student Activities
Tuition Assistance, Remission and Sibling Discount
General Admin, Advancement and Marketing
Facilities Management
Depreciation
Interest and Fees
Total expenses 9,647,803
2,910,308
3,995,350
1,211,448
1,219,416
529,297
19,513,622
Operating income (loss) (3,323,737)
Fundraising
Annual Fund contributions
Major gifts and other contributions
Masterpiece Campaign contributions 2
Parents of the Heart contributions (net)
Total Fundraising
Income (loss) after fundraising
Other Income (loss) 3
Change in Net Assets
1,207,830
403,642
53,216
435,180
2,099,868
(1,223,869)
1,470,566
$246,697
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, 2019.
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 and disposal of assets.