ANNUAL REPORT
ANNUAL REPORT Financial Summary: 2008-2009 Dear Friends and Alumni, In the current economic climate of budget cuts and constraints, the College of Dentistry, like other dental schools around the nation, must find ways to decrease expenses while increasing efficiency, productivity, and revenue to provide for future growth. These goals must be accomplished without sacrificing the quality of student services or the many resources available for learning. As we’ve done in the past, the College will meet its financial challenges with the help of faculty, staff, alumni, and friends who understand the importance of our primary mission, which is educating and training the next generation of oral health care providers. Your continued help enables us to look to the future with confidence, and we thank you for your past, present, and future generosity and support. Sincerely,
Darrell Young Executive Assistant Dean of Business and Administration
REVENUE
$16,000,000.00
Sources of Income: The College of Dentistry is supported by five main sources of revenue: state funding, tuition, revenue from the clinics, philanthropic support, and federal and private grants that support faculty members’ research projects. Revenue: Fiscal years 2008 and 2009 showed a decrease in philanthropic support and research dollars, while the College’s other sources of income remained steady or rose. Income from tuition increased from $10,858,000 in 2007 to $13,586,400 in 2008-09. Clinic revenues also rose significantly, showing an increase of $2,482,400 from 2007 to 2008-09. Expenses: Salaries and benefits remained steady at $25,174,700 in 2007, with only a slight rise to $25,534,673 in 2008-09. Other expenses showed significant increases throughout the last two fiscal years. The cost of supplies rose from $3,046,400 in 2007 to $6,043,800 in 2008-09, as did building maintenance and renovation costs, which rose from $1,344,300 in 2007 to $2,164,800 in 2008-09. Gifts: Throughout the last two years, the generous support of our friends and alumni has paid for many improvements in the College. Gifts to the Pre-Clinic Laboratory Fund brought about some much-needed renovations in the area known as “the Pits,” while other gifts to the Leadership Fund resulted in the renovation of two patient waiting areas that now offer new lighting, comfortable seating, and improved access to patient services. n
EXPENSES
$30,000,000.00
$14,000,000.00
$25,000,000.00
$12,000,000.00 $20,000,000.00
$10,000,000.00
$15,000,000.00
$8,000,000.00 $6,000,000.00
$10,000,000.00
$4,000,000.00 $5,000,000.00
$2,000,000.00 $0.00
56
TUITION
STATE SUPPORT
CLINIC INCOME
RESEARCH
PRIVATE PHILANTHROPY
$0.00
SALARIES & BENEFITS
RESEARCH
SUPPLIES
BUILDING MAINTENANCE
Tuition State Support Clinic Income Research Private Philanthropy
$13,586,400 $9,956,400 $9,130,700 $4,307,700 $1,373,749
Salaries & Benefits Research Supplies Building Maintenance & Renovation
$25,534,673 $4,307,000 $6,043,800 $2,164,800
TOTAL
$38,354,949
TOTAL
$38,050,273
T H E O H I O S TAT E U N I V E R S I T Y C O L L E GE of DENTISTRY