St. Francis College Statement of Activities
For the year ended June 30, 2018, with summarized totals for 2017.
T O TA L
UNRESTRICTED TEMPORARILY
RESTRICTED PERMANENTLY
RESTRICTED 2018 2017
$58,693,266 $— $— $— $63,484,419
(23,078,355) — — — (22,100,106)
(307,192) — — — (335,220)
35,307,719 — — — 41,049,093
587,148 — — — 500,368
Gifts and private grants 1,920,203 1,844,114 — — 2,283,992
Investment return used for operations 3,586,215 — — — 3,508,012
Quasi-endowment funds used for operations 5,150,000 — — — —
Other 2,196,136 — — — 2,224,742
Net assets released from restrictions 2,006,156 (2,006,156) — — —
50,753,577 (162,042) — — 49,566,207
20,031,492 — — 20,031,492 19,881,276
5,497,888 — — 5,497,888 5,109,845
Student services 13,154,624 — — 13,154,624 12,449,495
Institutional support 14,008,666 — — 14,008,666 13,737,684
Total operating expenses 52,692,670 — — 52,692,670 51,178,300
Change in net assets from operating activities (1,939,093) (162,042) (2,101,135) (1,612,093)
Gifts and private grants 3,149,600 90,173 684,240 3,924,013 2,711,903
Campaign campaign expenses (943,299) — — (943,299) (761,905)
(1,016,057) — — (1,016,057) (280,748)
1,038,334 1,921,299 — 2,959,633 4,540,769
Quasi-endowment funds used to support operations (5,150,000) — — (5,150,000) —
Early retirement program (1,310,574) — — (1,310,574) (620,243)
Change in net assets from nonoperating activities (4,231,996) 2,011,472 684,240 (1,536,284) 5,589,776
Change in net assets (6,171,089) 1,849,430 684,240 (3,637,419) 3,977,683
71,984,408 13,163,598 13,312,209 98,460,215 94,482,532
$65,813,319 $15,013,028 $13,996,449 $94,822,796 $98,460,215
O PER ATING RE VENUES AND SUPP O RT
Student tuition and fees
College scholarships
Federal financial assistance
Net tuition and fees
Government appropriations
Total operating revenues and support
O PER ATING E X PENSES
Instruction
Academic support
N O N O PER ATING AC TIVITIES
Capital project expenses
Investment return in excess of amounts in support of operations
Net assets, beginning of year
Net assets, end of year
S T. FR A NC I S COL L EGE T ERR IER | W IN T ER 2018, V OL UME 82, NUMBER 1 | 2017–2018 A NNUA L DR E A M-M A K ER R EP OR T
4 5