Year ended June 30, 2016
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total | |
|---|---|---|---|---|
| Revenues, gains and other support: | ||||
| Contributions | $ 5,281 | $ 942,248 | $ 72,553 | $ 1,020,082 |
| Investment income: | ||||
| Interest and dividends | 4,836 | 229,473 | - | 234,309 |
| Realized and unrealized losses | (2,717) | (81,451) | - | (84,168) |
| Total investment income | 2,119 | 148,022 | - | 150,141 |
| Releases from restrictions | 1,982,834 | (1,982,834) | - | - |
| Total revenues, gains and other support | 1,990,234 | (892,564) | 72,553 | 1,170,223 |
| Expenses: | ||||
| Scholarships | 180,791 | - | - | 180,791 |
| Operating expenses | 234,661 | - | - | 234,661 |
| Personal services | 327,756 | - | - | 327,756 |
| University support | 1,135,934 | - | - | 1,135,934 |
| Student support | 63,601 | - | - | 63,601 |
| Travel and promotion | 29,248 | - | - | 29,248 |
| Total expenses | 1,971,991 | - | - | 1,971,991 |
| Change in net assets | 18,243 | (892,564) | 72,553 | (801,768) |
| Net assets, beginning of year | 334,691 | 7,492,125 | 3,631,428 | 11,458,244 |
| Reclassification | (91,821) | 187,189 | (95,368) | - |
| Net assets, end of year | $ 261,113 | $ 6,786,750 | $ 3,608,613 | $ 10,656,476 |