President's Report - Wentworth Institute of Technology
President's Report - Wentworth Institute of Technology
President's Report - Wentworth Institute of Technology
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SUMMARY OF FINANCIAL RESULTS (AS OF JUNE 30, 2008)<br />
OPERATING 2008 2007 2006 2005<br />
Revenues<br />
Student tuition and fees 68,695,561 62,670,310 59,025,569 51,889,765<br />
Auxiliary enterprises revenue 19,985,059 19,430,455 18,364,413 15,225,699<br />
Gifts and bequests 769,984 709,814 723,235 341,389<br />
Other income 1,733,310 2,923,746 1,424,339 2,130,033<br />
Investment income<br />
used for operations 4,056,176 3,613,447 3,373,280 3,206,654<br />
Total operating revenues $95,240,090 $89,347,772 $82,910,836 $72,793,540<br />
Expenses<br />
Education and general 76,408,652 69,952,456 64,486,351 56,795,814<br />
Auxiliary expenditures 3,466,365 3,175,053 3,136,308 3,273,227<br />
Student aid 13,956,059 11,511,447 10,510,602 9,842,254<br />
Total operating expenses 93,831,076 84,638,956 78,133,261 69,911,295<br />
Operating subtotal $1,409,014 $4,708,816 $4,777,575 $2,882,245<br />
NONOPERATING<br />
Gifts and bequests, 4,225,099 2,541,341 2,178,598 3,381,371<br />
Endowment*/investments (13,816,022) 10,376,410 4,576,621 404,141<br />
Gains/losses<br />
Nonoperating subtotal ($9,590,923) $12,917,751 $6,755,219 $3,785,512<br />
NET ASSETS<br />
At beginning <strong>of</strong> year $155,743,087 $138,116,520 $126,583,726 $119,915,969<br />
At end <strong>of</strong> year $147,561,178 $155,743,087 $138,116,520 $126,583,726<br />
* Endowment $91,070,763 $91,135,046 $78,810,991 $73,462,951<br />
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