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Statement of Activities

The graphs below depict the operating revenues and expenses for the 2012–2013 fiscal year as a percent of total operating revenue and expenses.

Main Sources of Operating Revenue

revenues from student tuition and fees (student monies collected, less the amount of financial aid provided directly by the College) continued to be Nazareth's primary source of operating revenue, comprising 70 percent of the College's operating revenue in 2012–2013. auxiliary enterprise revenue, which includes room and board fees collected, comprised 20 percent of total operating revenue. revenue pie chartPrivate gifts and grants, and public grants and contracts continue to be important sources of revenue as well.

Tuition & fees (net) 70.03%
Public grants & contracts 3.05%
Private gifts, grants, & contracts 1.56%
Arts Center programs 0.60%
Investment income & gains 0.10%
Other revenues 0.97%
Long-term investment return allocation 3.74%
Auxiliary enterprises 19.95%

Operating Expenses

In order to allocate the maximum amount of resources to carry out the academic mission, Nazareth continues to closely monitor and review institutional costs. For fiscal year 2012–2013 the College allocated 42 percent of its expense budget for instructional purposes. An additional 9 percent was expended on academic support costs such as the Lorette Wilmot Library and Media expenses pie chartCenter. The College devoted 14 percent of the total operating budget directly to student programs and services.

Instruction 42.14%
Arts Center programs 2.63%
Academic support 8.60%
Student services 13.62%
Institutional support 14.84%
Auxiliary enterprises 18.16%

June 30, 2013

Operating Revenue 2013 2012
Educational & general
Tuition & fees 72,747,330 71,534,551
less scholarships & grants (21,505,720) (20,936,645)
Net tuition and fees 51,241,610 50,597,906
Federal grants & contracts 1,634,471 1,352,441
State grants & contracts 595,837 842,048
Private gifts, grants, & contracts 1,144,657 1,539,224
Arts Center programs 442,506 469,418
Investment income & gains 72,384 21,890
Other revenues 707,685 646,379
Long-term investment return
allocated for operations

2,738,028

2,592,488
Total educational & general 58,577,178 58,061,794
Auxiliary enterprises 14,596,913 14,468,796
Total operating revenue 73,174,091 72,530,590

Operating Expenses


Educational & general
Instruction 30,640,486 30,246,766
Arts Center programs 1,910,905 1,943,859
Academic support 6,255,541 6,416,112
Student services 9,905,204 9,836,281
Institutional support 10,791,781 11,180,369
Total educational & general 59,503,917 59,623,387
Auxiliary enterprises 13,205,365 12,693,801
Total operating expenses 72,709,282 72,317,188
Change in net assets from
operating activities

464,809

213,402

Nonoperating Activities


Long-term investment activities
Interest & dividends 598,358
619,041
Net realized & unrealized (losses) gains 5,805,932
(340,906)
Total long-term investment activities 6,404,290
278,135
Long-term investment return allocated
for operations

(2,738,028)

(2,592,488)
Capital gifts 2,234,009
5,004,990
Other loss 820,074
(1,327,034)
Postretirement-related changes other
than net periodic benefit cost

2,616,131

(1,433,056)
Loss on extinguishment of
long-term debt

(887,066)

------
Change in net assets from
nonoperating activities

8,449,410

(69,453)
Change in net assets 8,914,219
143,949
Net assets at beginning of year 144,224,700 144,080,751
Net assets at end of year 153,138,919 144,224,700
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