winter 200 9 newsletter - McGANN Mercy

Financial Summary
In order for McGann-Mercy to provide an excellent educational program that is affordable,
charitable support for vital needs such as the Annual Fund, scholarships and financial assistance
are essential to achieving our goals. While 70% of revenue is derived from tuition and fees, the
generosity from friends, families and alumni helps McGann-Mercy keep pace with rising costs,
equipment and facilities improvements which are essential to maintaining a quality Catholic
education.
Revenue
Tuition & Fees..................................................... $3,029,232
Donations & Gifts................................................... $885,596
Ancillary Services....................................................$430,412
Other Income.......................................................... $760,465
State Aid - Mandated Services ............................. $214,105
Total Revenue....................................................... $5,319,810
Expenses
Instructional Expenses.......................................$2,805,598
Administrative Expenses...................................... $1,038,211
Ancillary Services.................................................... $782,310
Operations, Maintenance & Depreciation..........$1,002,475
Total Expenses................................................... $5,628,594
Diocese of Rockville Centre Subsidy .................$1,306,357
Revenue
State Aid -
Mandated
Services
4%
Expenses
Administrative
Expenses
19%
Other
Income
14%
Ancillary
Services
8%
Donations
& Gifts*
17%
Tuition
& Fees
57%
Ancillary
Services
13%
Instructional
Expenses
50%
Operations
Maintenance
Depreciation
18%