Denver Seminary
FUNCTIONAL EXPENSES 2017–18
($13,176,941)
Instruction
Academic Support
Student Services
Institutional
Support
Auxiliary
Enterprises
Advancement
Public Service
$1,556,027
12%
$6,158,784
47%
$1,716,260
13%
$1,210,159
$860,595
$879,982
$795,134
9%
6%
7%
6%
To view more information from the 2017-18
audited financial statements, please visit
www.denverseminary.edu/presidentsreport.
Denver Seminary
TOTAL INCOME 2017–18
($13,709,902)
Unrestricted Revenues in Green
Restricted Revenues in Blue
Net Tuition and Fees
Auxiliary Income
Unrestricted
Contributions
Investment Income
Temporarily
Restricted Gifts
Permanently
Restricted Gifts
Restricted
Earnings
$1,496,034
$927,659
$274,463
$1,008,775
11%
7%
2%
7%
Revenue & Expenses
As a percentage of total income, tuition and fees represented 44%. Keeping this percentage
down has allowed our students the opportunity of a more affordable education. Contributions
represent the next largest segment of total income at 33%. Investment Income and Restricted
Earnings were down slightly this year at 12%.
The Seminary spends only 9% of its budget on general and administrative expenses and 7%
on fundraising, exhibiting a high level of efficiency and commitment to educational programs
(59% of spending) and student services (13%).
24%
$3,240,506
$730,907
5%
11
$6,031,558
44%
