2010-2011 President's Report

 

Covenant College and Supporting Foundation
Consolidated Statement of Activities
Year Ended June 30, 2011

Revenues              Total
Tuition and fees, less tuition discounts of $11,131,167       $14,874,484
Gifts       3,323,647
Auxiliary income       5,626,926
Independent operations       935,161
Net realized and unrealized gains on investments       4,093,787
Interest and dividend income       693,872
Other income       367,739
Government and private grants       588,678
Total revenues, gains and other support
 
 
 
 
30,504,294
Expenses                            Total
Instructional       8,436,381
Academic support       1,763,792
Student services       5,353,763
Institutional support       3,278,758
Scholarships       718,354
Library       829,118
Public service       902,214
Auxiliary services       3,574,477
Independent operations       1,132,318
Fund-raising       1,900,953
Total Expenses
 
 
 
 
      27,890,128
Change in net assets from operating       2,614,166
Change in net assets       2,614,166
Net assets, beginning of year       68,632,569
Net assets, end of year
 
 
 
 
      $71,246,735

 

Office of the President    |    Covenant College    |    14049 Scenic Highway, Looout Mountain, Georgia 307350    |    covenant.edu