9
REVENUE & EXPENSES
As a percentage of total income, tuition and fees
represented 46%. Keeping this percentage down has
allowed our students the opportunity of a more affordable
education. Temporarily restricted contributions represent
the next largest segment of total income at 22%. Restricted
Earnings were down this year with a loss of 4%.
The Seminary spends only 13% of its budget on general and
administrative expenses and 8% on fundraising, exhibiting
a high level of efficiency and commitment to academic and
student programs (66%).
2%
Permanently Restricted Gifts
$231,925
46%
Net Tuition and Fees
$6,211,473
10%
Auxiliary Services and Other
$1,318,583
6%
Unrestricted Contributions
$849,027
22%
Temporarily Restricted Gifts
$2,962,138
2%
Investment Income
$277,837
Restricted Earnings, -$597,910
-4% does not appear in the graph.
Denver Seminary
Total Income
2019-20
$12,975,986
Denver Seminary
Functional Expenses
2019-20
($13,058,763)
66%
Academic and
Student Programs
$8,690,876
13%
Institutional Support
$1,646,306
6%
Auxiliary Enterprises
$808,137
8%
Advancement
$1,003,950
7%
Public Service
$909,494
12%
Government Grants
$1,722,913
