Consolidated Statements of Activities June 30, 2024 and 2023 (with summarized financial information for the year ended June 30, 2023) ($ in thousands) Without Donor Restrictions With Donor Restrictions 2024 Total 2023 Total REVENUES AND RELEASES Net tuition and fees $ 648,400 $ - $ 648,400 $ 619,170 Contributions and private grants 1,576 34,785 36,361 31,262 Government grants and contracts - 49,036 49,036 36,500 Auxiliary operations 61,197 - 61,197 56,997 Interest and dividends 19,048 2,657 21,705 18,564 Net unrealized gain (loss) on investments 31,920 (613) 31,307 24,357 Net realized gain (loss) on sale of investments 3,331 12,222 15,553 (1,173) Other revenues 24,944 5,959 30,903 37,389 Net assets released from restrictions 80,245 (80,245) - - Total revenues and releases 870,661 23,801 894,462 823,066 EXPENSES Salaries and wages 354,325 - 354,325 338,077 Employee benefits 88,863 - 88,863 79,678 Supplies and services 143,091 - 143,091 130,449 Space and occupancy 80,322 - 80,322 74,490 Depreciation and amortization 45,530 - 45,530 46,237 Interest 22,394 - 22,394 23,874 Other 62,252 - 62,252 57,020 Total expenses 796,777 - 796,777 749,825 CHANGE IN NET ASSETS 73,884 23,801 97,685 73,241 Net assets, beginning of year 906,215 209,178 1,115,393 1,042,152 NET ASSETS, END OF YEAR $ 980,099 $ 232,979 $ 1,213,078 $ 1,115,393 See accompanying notes to consolidated financial statements. 14
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