Audit performed by BDO USA, LLP
STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30 2012
Unrestricted
Temporarily Restricted
Permanently Restricted
Total
Revenues, gains, and other support: Tuition and fees
$ 29,234,095
$ 29,234,095
Less: student assistance
(3,951,747)
(3,951,747)
Net tuition and fees
25,282,348
25,282,348
Federal and State grants and contracts
6,528,642
Private gifts, grants, and contracts
2,645,717
Income from investments
6,528,642 148,302
364,931
717,129
3,158,950 717,129
Net realized and unrealized gains on investments Other income
(348,447)
(348,447)
79,903
79,903
7,448,555
7,448,555
Sales and services of auxiliary enterprises Total additional income Net assets released from restrictions Total revenues, gains, and other support
17,071,499
148,302
458,121
(458,121)
42,811,968
(309,819)
364,931
17,584,732
364,931
42,867,080
Expenditures and losses: Operating: Instruction
14,531,178
14,531,178
Public service
3,016,163
3,016,163
Student services
8,384,240
8,384,240
Academic support
1,990,381
1,990,381
Institutional support
11,730,715
11,730,715
Auxiliary enterprises
5,042,063
5,042,063
Total operating expenditures
44,694,740
44,694,740
Change in net assets from operations
(1,882,772)
(309,819)
364,931
(1,827,660)
Nonoperating gains Other Total change in net assets Net assets at beginning of year Net assets as of end of year
100,000
100,000
(1,782,772)
(309,819)
364,931
(1,727,660)
21,178,149
3,599,948
9,322,616
34,100,713
$ 19,395,377
$ 3,290,129
$
9,687,547
$ 32,373,053
Thank you to the Office of Fiscal Affairs for their assistance with this report and to the auditing firm BDO USA, LLP for compiling the financial summary. WWW.SHAWU.EDU | 31