REVENUE 2014/2015 2014/2015 2015/2016
Budget Actual Budget
Tuition and Fees $8,873,000 $7,925,787 $8,135,133
Less: Financial Aid (1,364,163) (1,292,095) (1,501,959)
Net Tuition and Fees $7,508,837 $6,633,692 $6,633,174
Unrestricted Contributions $900,000 $780,818 $955,000
Contributions to General Scholarships 150,000 156,531 150,000
Total Budgeted Contributions $1,050,000 $937,349 $1,105,000
Investment Income, Net of Fees $402,900 $378,119 $241,900
Auxiliary Income 1,065,750 1,088,732 1,109,700
Other Income 184,800 181,301 176,500
Total Auxiliary, Investment & Other Income $1,653,450 $1,648,152 $1,528,100
Total Revenue $10,212,287 $9,219,193 $9,266,274
EXPENSES 2014/2015 2014/2015 2015/2016
Budget Actual Budget
Total Salaries and Benefits 8,133,147 8,011,215 8,204,768
Total of All Other Expenses 3,011,339 2,708,158 2,476,101
Total Expenses $11,144,486 $10,719,373 $10,680,869
Net Operating Income/(Loss) ($932,199) ($1,500,180) ($1,414,595)
Funding from Releases from Restrictions 1,155,770 1,092,471 1,414,595
Net Income/(Loss) after Transfers $223,571 ($407,709) $0
15
Going into the 2016 year, Denver Seminary remains financially stable and plans to continue on a
steady pace with actual revenue and expense results of 2015.
Releases from term endowments, grants, and previous donations will allow the Seminary to further
increase the amount of financial aid offered and assist in ongoing initiatives.
2015-2016
LOOKING TO THE FUTURE
