Denver Seminary
FUNCTIONAL EXPENSES 2018–19
($12,713,911)
Academic &
Student Programs
Institutional
Support
Auxiliary
Enterprises
Advancement
Public Service
$8,418,254
66%
$1,465,441
12%
$789,675
$1,105,394
$935,147
6%
9%
7%
To view more information from the 2018-19
audited financial statements, please visit
www.denverseminary.edu/presidentsreport.
Denver Seminary
TOTAL INCOME 2018-19
($13,476,746)
Unrestricted Revenues in green
Restricted Revenues in blue
Net Tuition and Fees
Auxiliary Income
Investment Income
Unrestricted
Contributions
Temporarily
Restricted Gifts
Permanently
Restricted Gifts
Restricted
Earnings
$1,143,551
$709,628
$1,045,404
$383,998
9%
5%
8%
3%
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%).
18%
$2,416,660
$5,990,128
44%
$1,787,377
13%
7
