Revenues
Tuition, Fees, Room and Board $30,217,207
Less: Scholarships and Grants -$13,396,677
Sales and Services of Auxiliary Enterprises $566,742
Private Gifts, Grants and Contracts $2,705,364
Federal and State Grants and Contracts $200,603
Investment Return $196,414
Endowment Spending Formula Income $1,754,000
Other Revenue $52,729
Total Revenues $22,296,382
Expenses
Program Expenses $16,348,762
Fundraising Expenses $949,721
Administrative Expenses $5,480,212
Total Expenses $22,778,695
Income in Excess of Expenses -$482,313
Private Gifts, Grants and Contracts $2,386,612
Investment return, net of designations for operations -$964,575
Change in value of split-interest agreements -$184,611
Change in fair value of funds held by others -$48,847
Contributions received for plant acquisition $448,046
Net non-operating activities $1,636,625
Change in Net Assets $1,154,312
Beginning Net Assets $61,421,954
Ending Net Assets $62,576,266
Total Liabilities $8,113,526
Total Assets $70,689,792