FINANCIAL OVERVIEW UNIVERSITY BUDGET SUMMARY July 1, 2018–June 30, 2019
REVENUE
Tuition and Fees . . . . . . . . . . . . Gifts and Grants . . . . . . . . . . . . Room and Board . . . . . . . . . . . . Miscellaneous . . . . . . . . . . . . . . Auxiliary . . . . . . . . . . . . . . . . . . .
$ 118,539,931 77.8% 10,253,573 6.7% 18,301,463 12.0% 3,636,040 2.4% 1,659,939 1.1% _____________ ________
Total . . . $ 152,390,946
100.0%
EXPENSES
10
Instruction . . . . . . . . . . . . . . . . . $ 33,513,122 22.2% Scholarships . . . . . . . . . . . . . . . 60,202,124 39.7% Student Services . . . . . . . . . . . . 16,767,931 11.1% 10.1% Institutional Support . . . . . . . . . 15,388,301 Operation and Maintenance . . . 10,843,978 7.2% Auxiliary . . . . . . . . . . . . . . . . . . . 11,209,585 7.4% Interest Expense . . . . . . . . . . . . 3,521,526 2.3% _____________ ________ Total . . . $ 151,446,567
100.0%
NET REVENUE BALANCE: $944,379
COMBINED GIFT REVENUE UNIVERSITY AND ONU FOUNDATION July 1, 2018–June 30, 2019 (both restricted and unrestricted)
Trustees, Foundation Board, Faculty and Staff. . . . . . . . . . . . $ 1,545,017 14.9% 11.4% Alumni (General Sources). . . . . . . . 1,189,507 Parents. . . . . . . . . . . . . . . . . . . . . . 416,393 4.0% Friends . . . . . . . . . . . . . . . . . . . . . . 1,431,889 13.8% Churches and Religious Organizations. . . . . . 2,120,058 20.4% Corporations (Matching Funds) . . . . . . . . . . . 232,292 2.2% Corporations and Businesses. . . . 1,016,879 9.8% Foundations. . . . . . . . . . . . . . . . . . 1,614,153 15.5% Bequests. . . . . . . . . . . . . . . . . . . . . 834,938 8.0% ____________ ________ Total . . . $ 10,401,126
100.0%
Olivet designates approximately 90 percent of all revenue received toward: • Instruction • Institutional Support • Scholarships • Operations/ • Student Services Maintenance ANNUAL REPORT 2019
Olivet Nazarene University is a 501(c)(3) public charity. The University’s Form 990 is available upon request through the Accounting Office.
