china connections - Nazareth College

Report | to donors 2009-2010
Nazareth College Statement of Activities June 30, 2010
2010 2009
Operating Revenue
Educational and general
Tuition and fees 70,038,630 64,883,332
less scholarships and grants 19,520,660 17,431,941
Net tuition and fees 50,517,970 47,451,391
Federal grants and contracts 1,755,683 1,440,500
State grants and contracts 580,011 4,822,386
Private gifts, grants, and contracts 2,525,245 1,685,724
Arts Center programs 530,880 216,910
Investment income and losses 236,563 (410,875)
Other revenues 729,420 320,177
Long-term investment return allocated for operations 2,534,271 2,982,817
Total educational & general 59,410,043 58,509,030
Auxiliary enterprises 13,211,904 12,269,274
Total operating revenue 72,621,947 70,778,304
Operating Expenses
Educational and general
Instruction 28,620,047 26,947,946
Arts Center programs 1,869,423 1,428,820
Academic support 6,207,538 5,729,066
Student services 9,230,632 9,000,933
Institutional support 10,556,763 10,020,345
Total educational & general 56,484,403 53,127,110
Auxiliary enterprises 11,973,454 11,394,599
Total operating expenses 68,457,857 64,521,709
Change in net assets from operating activities 4,164,090 6,256,595
Non-Operating Activities
Long-term investment activities
Investment income 700,758 866,829
Net realized & unrealized (losses) gains 4,784,059 (13,491,879)
Total long-term investment activities 5,484,817 (12,625,050)
Long-term investment return allocated for operations (2,534,271) (2,982,817)
Capital gifts 2,820,129 1,472,509
Other loss (494,014) (261,123)
Postretirement-related changes other than
net periodic benefit cost (2,510,180) (548,404)
Change in net assets from nonoperating activities 2,766,481 (14,944,885)
Change in net assets 6,930,571 (8,688,290)
Net assets at beginning of year 123,668,484 132,356,774
Net assets at end of year 130,599,055 123,668,484
36 CONNECTIONS | WINTER 2010/2011 www.naz.edu