Reporting on Our Financial Performance

 

Condensed Statement of Activities for the year ended May 31 (in thousands)
Revenue and Expenses  2013 Actual  2012 Actual
REVENUES    
Tuition and Fees  $223,628  $220,410
Less Scholarships  (70,611)  (65,112)
Net Tuition and Fees  153,017  155,298
Auxiliary Enterprises  30,527  26,251
Private Gifts and Grants 12,967  8,351
Government Grants  5,790  3,524
Endowment payout under spending formula  5,770  5,168
Investment Income  259  516
Other Income  7,229  7,776
Total Revenues $215,559  $206,884
EXPENSES    
Instruction  $77,809  $76,555
Public Service  813  744
Academic Support 16,602  18,368
Student Services  33,684  32,004
Institutional Support  43,201  38,911
Research  3,446  4,091
Auxiliary Enterprises  34,169  30,909
Total Expenses  $209,724  $201,582
Change in Net Assets from Operating Activities  $5,835  $5,302
Non-Operating Activities  19,854 (24,998)
Total Change in Net Assets  $25,689 $(19,696)
Net Assets Beginning of Year  $324,615  $344,311
Net Assets End of Year  $350,304  $324,615
     
Condensed Statement of Financial Position for the year ended May 31 (in thousands)
   2013 Actual  2012 Actual
Total Assets  $630,362  $622,004
Total Liabilities  280,058 297,389
TOTAL NET ASSETS  $350,304  $324,615
Copies of the University’s audited financial statements will be made available upon written request to the attention of:
Dr. Louis J. Mayer, Vice President for Financial Affairs, Saint Joseph’s University, 5600 City Avenue, Philadelphia, PA 19131-1395.