Wells College Annual Report

Advancement Annual Report Financials as of 6/30/2016
 

Operating Activities   

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

Non-Operating Activities   

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