St. Olaf College Financial Highlights, 1997-2002

 

The following chart illustrates changes in key financial indicators using 1997 as a reference point. For example, the top line (marked by triangles) shows that unfunded financial aid has increased 70% during five year period 1997-2002. The irregular bottom line, representing total revenue, shows an overall slight decline during these five years. Actual data is contained in the table that follows together with breakdowns of revenue and expenses. A second table displays the same data in percentage terms.

These data are drawn from the reports that St. Olaf submits to the federal governments' Integrated Postsecondary Education Data System (IPEDS). (One 1997 entry, signaled by italic font, has been corrected since the original submission.) A table giving the complete IPEDS reports from which these data are drawn can be found at http://www.stolaf.edu/offices/irp/Pbl/Finance/IPEDS.PDF.

  Financial Changes, 1997-2002   

Selected IPEDS Financial Data, 1997-2002


FY 1997 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002
Total Net Assets $ 181,127,802 $ 216,166,287 $ 231,913,225 $ 264,319,908 $ 271,290,086 $ 272,899,599
Unrestricted $ 84,589,721 $ 104,808,476 $ 105,658,700 $ 116,478,333 $ 121,090,468 $ 123,376,754
Restricted $ 96,538,081 $ 111,357,811 $ 126,254,525 $ 147,841,575 $ 150,199,618 $ 149,522,845







Total student grants $ 15,634,330 $ 17,799,285 $ 18,988,948 $ 20,455,273 $ 22,418,299 $ 24,936,780
Funded (federal, state, inst) $ 4,927,992 $ 5,410,642 $ 5,194,607 $ 5,200,905 $ 6,170,153 $ 6,775,042
Unfunded (Institutional) $ 10,706,338 $ 12,388,643 $ 13,794,341 $ 15,254,368 $ 16,248,146 $ 18,161,738







Total revenues $ 93,201,818 $ 93,090,433 $ 79,340,799 $ 101,389,373 $ 80,041,364 $ 78,483,876
Tuition and fees (net student grants) $ 33,977,358 $ 34,704,838 $ 36,884,608 $ 38,752,503 $ 40,731,096 $ 43,932,744
Private gifts, grants and contracts $ 29,137,188 $ 19,814,725 $ 14,773,661 $ 22,369,088 $ 15,327,991 $ 17,266,604
Investment return $ 12,172,125 $ 18,583,249 $ 10,098,103 $ 20,590,008 $ 2,984,998 $ (4,225,216)
Federal & state grants and contracts $ 2,450,010 $ 2,982,581 $ 3,104,660 $ 2,569,065 $ 3,061,237 $ 3,490,050
Other educational activities $ 382,425 $ 393,309 $ 797,464 $ 1,726,247 $ 1,842,419 $ 1,608,991
Auxiliary enterprises $ 12,465,440 $ 12,793,581 $ 15,338,738 $ 14,712,788 $ 15,547,132 $ 15,767,744
Other revenue $ 2,617,272 $ 3,818,150 $ (1,656,435) $ 669,674 $ 546,491 $ 642,959







Total expenses (by function) $ 60,441,564 $ 62,119,980 $ 66,382,790 $ 70,444,718 $ 74,720,528 $ 78,259,795
Instruction $ 25,745,843 $ 25,796,732 $ 29,026,562 $ 29,986,924 $ 31,548,024 $ 33,269,971
Research $ 688,060 $ 935,256 $ 638,720 $ 701,997 $ 542,993 $ 887,352
Public Service $ 4,353,592 $ 4,832,426 $ 3,160,854 $ 3,095,246 $ 2,486,199 $ 3,024,459
Academic support $ 5,495,330 $ 5,558,045 $ 6,365,035 $ 7,034,119 $ 8,001,861 $ 8,416,147
Student services $ 3,940,896 $ 4,096,628 $ 5,041,772 $ 5,695,834 $ 6,058,381 $ 6,530,116
Institutional support $ 7,191,670 $ 8,298,961 $ 9,373,115 $ 10,333,576 $ 11,242,905 $ 11,480,908
Auxiliary enterprises $ 13,026,173 $ 12,601,932 $ 12,776,732 $ 13,597,022 $ 14,840,165 $ 14,650,842







Expenses by Natural Classification $ 60,441,564 $ 62,119,980 $ 66,382,790 $ 70,444,718 $ 74,720,528 $ 78,259,795
Salaries & Wages $ 27,135,030 $ 28,073,354 $ 30,996,304 $ 32,263,932 $ 33,223,599 $ 35,211,742
Benefits $ 5,954,393 $ 5,784,773 $ 6,798,465 $ 6,557,293 $ 7,257,973 $ 8,057,997
Depreciation $ 2,932,993 $ 3,187,649 $ 3,310,642 $ 4,316,667 $ 5,148,632 $ 5,774,024
Interest $ 1,328,288 $ 1,339,604 $ 1,210,791 $ 1,588,226 $ 1,749,872 $ 1,947,799
All other $ 23,090,860 $ 23,734,600 $ 24,066,588 $ 25,718,600 $ 27,340,452 $ 27,268,343
 

Selected IPEDS Financial Data Expressed in Percentages, 1997-2002


FY 1997 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002
Total Net Assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Unrestricted 46.7% 48.5% 45.6% 44.1% 44.6% 45.2%
Restricted 53.3% 51.5% 54.4% 55.9% 55.4% 54.8%







Total student grants 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Funded (federal, state, inst) 31.5% 30.4% 27.4% 25.4% 27.5% 27.2%
Unfunded (Institutional) 68.5% 69.6% 72.6% 74.6% 72.5% 72.8%







Total revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Tuition and fees (net student grants) 36.5% 37.3% 46.5% 38.2% 50.9% 56.0%
Private gifts, grants and contracts 31.3% 21.3% 18.6% 22.1% 19.2% 22.0%
Investment return 13.1% 20.0% 12.7% 20.3% 3.7% -5.4%
Federal & state grants and contracts 2.6% 3.2% 3.9% 2.5% 3.8% 4.4%
Other educational activities 0.4% 0.4% 1.0% 1.7% 2.3% 2.1%
Auxiliary enterprises 13.4% 13.7% 19.3% 14.5% 19.4% 20.1%
Other revenue 2.8% 4.1% -2.1% 0.7% 0.7% 0.8%







Total expenses (by function) 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Instruction 42.6% 41.5% 43.7% 42.6% 42.2% 42.5%
Research 1.1% 1.5% 1.0% 1.0% 0.7% 1.1%
Public Service 7.2% 7.8% 4.8% 4.4% 3.3% 3.9%
Academic support 9.1% 8.9% 9.6% 10.0% 10.7% 10.8%
Student services 6.5% 6.6% 7.6% 8.1% 8.1% 8.3%
Institutional support 11.9% 13.4% 14.1% 14.7% 15.0% 14.7%
Auxiliary enterprises 21.6% 20.3% 19.2% 19.3% 19.9% 18.7%







Expenses by Natural Classification 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Salaries & Wages 44.9% 45.2% 46.7% 45.8% 44.5% 45.0%
Benefits 9.9% 9.3% 10.2% 9.3% 9.7% 10.3%
Depreciation 4.9% 5.1% 5.0% 6.1% 6.9% 7.4%
Interest 2.2% 2.2% 1.8% 2.3% 2.3% 2.5%
All other 38.2% 38.2% 36.3% 36.5% 36.6% 34.8%



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