Report - Wentworth Institute of Technology

Summary of Financial ResultsJuly 1, 2005 - June 30, 2006page14OPERATING 2006 2005 2004RevenuesStudent tuition and fees $59,025,569 $51,889,765 $47,704,956Auxiliary enterprises revenue 18,749,615 15,225,699 14,636,530Gifts and bequests 723,235 341,389 539,204Other income 1,424,339 2,130,033 1,114,913Investment incomeused for operations 3,373,280 3,206,654 3,257,176Total operating revenues $83,296,038 $72,793,540 $67,252,779ExpensesEducation and general 64,486,351 56,869,989 53,180,217Auxiliary expenditures 3,521,510 3,273,227 3,295,226Student aid 10,510,602 9,768,079 8,232,253Total operating expenses 78,518,463 69,911,295 64,707,696Operating subtotal 4,777,575 2,882,245 2,545,083NONOPERATING“Gifts and bequests, net gains/ (losses) $6,755,219 $3,785,512 $5,972,414on investments, and investments income”NET ASSETSAt beginning of year $126,583,726 $119,915,969 $111,398,472At end of year $138,116,520 $126,583,726 $119,915,969