f inancial r e vie w
Operating Revenue Sources
REVENUE FROM OPERATIONS* Tuition and Fees Auxiliary income
Endowment & other investment income
OES Fund and Auction** TOTAL
REVENUE FROM OPERATIONS* Tuition and Fees Auxiliary income
$18,943,000 2,975,000
OES Fund and Auction** 1,342,000 TOTAL
1,067,000 1,342,000
$24,327,000
* revised unaudited numbers as of June 30, 2012
** excludes $375,000 donations for plant and endowment
** excludes $375,000 donations for plant and endowment
* unaudited numbers as of June 30, 2012 Tuition & Fees 78%
$18,943,000 2,975,000
Endowment & other investment income 1,067,000
$24,327,000
Auxiliary Income 12%
Endowment & Other Investment Income 4%
OES Fund & Auction** 6%
THE SCHOOL RELIES ON donations and non-tuition revenues to fund a portion of its operating budget, allowing OES to maintain the highest standards of academic and extracurricular excellence. Funds raised in support of the OES Fund, auction, and other restricted purposes and annual income from the endowment provide critical funding for educational programming. In total, the sum of annual donations, endowment revenue, and net revenue contributions from auxiliary programs make a significant difference in helping contain tuition growth.
Operating Expenses
EXPENSES FOR OPERATIONS* Salary & Benefits
Programs & Materials Financial Aid
Buildings, Grounds & Equipment
Depreciation Other
Depreciation Other
Professional Growth & Development
TOTAL TOTAL
CHANGE IN NET ASSETS FROM OPERATIONS
Professional Growth & Development
Programs & Materials Financial Aid
Buildings, Grounds & Equipment
EXPENSES FOR OPERATIONS* Salary & Benefits
$15,536,000 Salary & Benefits 65%
$15,536,000 2,257,000 2,257,000
1,764,000 1,764,000
1,686,000 1,461,000
1,686,000 1,461,000
1,160,000 $24,123,000 1,160,000 259,000 259,000 $24,123,000
CHANGE IN NET ASSETS FROM OPERATIONS $204,000
$204,000 *revised unaudited numbers as of June 30, 2012 *revised unaudited numbers as of June 30, 2012 www . oe s . edu/ giving 7
Other 5% Depreciation 6%
Professional Growth & Development 1%
Programs & Materials 9%
Financial Aid 7%
Buildings, Grounds & Equipment 7%
THE HALLMARK OF AN OES EDUCATION is the strong relationship between students and faculty. Spending focuses on areas that most directly impact students, with faculty compensation as the largest and most important use of funds. Other student-focused spending includes instructional programs and materials, financial aid, and physical plant. Operating reserves are maintained to provide financial stability and funding for future expenses. Reserves currently stand at 10% of annual operating expenses.
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