Financial Overview

For the fiscal year ended June 30, 2011  
   
Expendable Revenue*  
Expendable Contributions $32,559,046
Investment Income 4,744,052
Real Estate Income 1,764,171
Vending and Royalties 812,347
Special Events (net of expenses) 325,996
Miscellaneous (including uncollectable pledges) (27,495)
Total Expendable Revenue $40,178,117
   
Contributions to Endowed Accounts $294,273
Total Revenue, Gains and Support $40,472,390
Total Charitable Contributions for FY 2010-11 $32,853,319
   
Expenses  
Financial Aid to Students $2,059,570
Equipment & Technology 5,795,131
Faculty & Employee - Training & Recognition 143,015
Grant-funded Initiatives 942,810
Community Outreach & Promotion 923,743
Special Assistance to Ivy Tech Community College 252,787
Real Estate Donated to Ivy Tech Community College 279,594
Real Estate Expenses 1,923,361
Charitable Annuity Obligations 6,883
Administrative Costs 456,315
Fundraising Costs 87,289
Total Expenses $12,870,498
   
Excess of Revenue over Expenses $27,601,892
   
*Revenue totals exclude $752,435 of contributions received for fund-raising collaboration with two other non-profit organizations
 
Assests and Fund Balances  
Cash and Investments (at fair market value) $63,293,211
Property & Equipment 33,663,743
Pledge Receivables 6,335,191
Prepaid Expenses and Other Assets 149,633
Total Assets $103,441,778
   
Expendable Fund Balance $68,124,512
   
Non-Expendable Fund Balance $21,410,916
   

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