St. Francis College Statement of Activities
For the year ended June 30, 2013, with summarized totals for 2012
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
2013
2012
$ 52,070,0 37
$ —
$ —
$ 52,070,0 37
$ 45,9 47,142
(16,6 8 4,475)
—
—
(16,6 8 4,475)
(12,59 4,45 0)
(316,0 41)
—
—
(316,0 41)
(319,6 32)
35,069,521
—
—
35,069,521
33,033,060
5 01,18 5
—
—
5 01,18 5
6 3 8 ,971
Gifts and private grants
1,955, 3 3 8
2 0 5,6 5 3
—
2,16 0,9 91
4,73 6,124
Investment return used for operations
3, 370,711
—
—
3, 370,711
3,718 ,5 0 5
Other
1,615,723
—
—
1,615,723
1,611,0 0 0
8 9 8 , 32 2
(8 9 8 , 32 2)
—
—
—
43,410,800
(692,669)
—
42,718,131
43,737,660
17, 3 07,55 6
—
—
17, 3 07,55 6
16,5 8 0,0 3 0
4,59 8 ,911
—
—
4,59 8 ,911
4, 35 6,4 01
Student services
10,697,0 8 4
—
—
10,697,0 8 4
10,076, 3 6 4
Institutional support
11,9 95,626
—
—
11,9 95,626
11,452,077
Total operating expenses
4 4,599,177
—
—
4 4,599,177
42,464,872
Changes in net assets from operating activities
(1,188,377)
(692,669)
—
(1,881,046)
1,272,788
Gifts and private grants
1, 24 8 ,5 3 4
(210,6 8 8)
5 5 3, 2 07
1,591,0 5 3
93 3,69 9
Capital campaign expenses
(95 6,624)
—
—
(95 6,624)
(1, 24 3,723)
Capital project expenses
(26 0,4 4 3)
—
—
(26 0,4 4 3)
(3 3 0,555)
Investment return net of amounts in support of operations
2,921,6 81
1,76 0,4 87
—
4,6 8 2,16 8
(2,5 0 0,0 4 6)
Early retirement expense
(5 4 8 ,0 3 9)
—
—
(5 4 8 ,0 3 9)
(2 9 9, 873)
Changes in net assets from nonoperating activities
2,405,109
1,549,799
553,207
4,508,115
(3,4 40,498)
Changes in net assets
1,216,732
857,130
553,207
2,627,069
(2,167,710)
75,346,052
7,472,294
10,276,851
93,095,197
95,262,907
$ 76,562,78 4
$ 8,329,424
$ 10,830,058
$ 95,722,266
$ 93,095,197
O PER ATIN G RE V ENUE S A ND SUP P O RT
Student tuition and fees
College scholarships
Federal financial assistance
Net tuition and fees
Government appropriations
Net assets released from restrictions
Total operating revenues and support
O P E R AT I N G E X P E N S E S
Instruction
Academic support
N O N O P E R AT I N G A C T I V I T I E S
Net assets, beginning of year
Net assets, end of year
S T. FR A NC I S COL L EGE | 2012–2013 A NNUA L DONOR R EPOR T | 57