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FINANCIAL
STATEMENTS

20222023

OPERATING BUDGET RESULTS 2022-2023

REVENUES

Financial-PieChart-Illustrations-ROG2023

TUITION

ENDOWMENT INCOME TRANSFER

ANNUAL FUND PRIOR YEAR

OTHER INCOME

TOTAL

$32,896,000

$3,522,000

$4,256,000

$543,000

$41,217,000

EXPENSES

INSTRUCTIONAL PROGRAMS

ADMINISTRATION AND GENERAL

FACILITIES AND CAMPUS OPERATIONS

FINANCIAL AID PROGRAM

TOTAL

$22,152,000

$8,360,000

$5,255,000

$5,962,000

$41,729,000

CONDENSED BALANCE SHEET, JUNE 30, 2023*

ASSETS

Cash and Investments

Receivables and Prepaids

Endowment

Property and Equipment

TOTAL

$14,806,460

$2,301,655

$97,483,855

$61,605,713

$176,197,683

LIABILITIES AND NET ASSETS

Payables and Accruals

Unearned Tuition/Fees

NET ASSETS:

Unrestricted

Restricted

TOTAL

$3,591,965

$4,839,873

$104,382,837

$63,383,008

$176,197,683

*Unaudited as of November 2023

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