{"id":1713,"date":"2022-12-02T14:56:24","date_gmt":"2022-12-02T22:56:24","guid":{"rendered":"https:\/\/www.hmc.edu\/annual-report\/?page_id=1713"},"modified":"2024-04-22T13:21:41","modified_gmt":"2024-04-22T20:21:41","slug":"financial-review","status":"publish","type":"page","link":"https:\/\/www.hmc.edu\/annual-report\/2021-2022\/financial-review\/","title":{"rendered":"Financial Review (2021\u20132022)"},"content":{"rendered":"\n

As noted in the financial charts listed below, the College’s financial position remains strong despite the challenges caused by the COVID-19 pandemic. The College experienced a successful return to campus and was able to navigate the ever-changing COVID-19 environment. Additionally, the College ended the years with positive operating results. We believe that the College’s strong financial position will continue to support the College’s mission for years to come. <\/p>\n\n\n\n

Endowment Market Value<\/h2>\n\n\n\n

(In thousands)<\/p>\n\n\n\n

\"Description<\/a><\/figure>\n\n\n\n
\n
\n

$402 Million<\/h2>\n\n\n\n

JUNE 30, 2022<\/p>\n<\/div>\n\n\n\n

\n

2021\u20132022 Audited Financial Statements<\/span><\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n

Statement of Activities<\/h2>\n\n\n\n

Revenue<\/h3>\n\n\n\n
Category<\/th>2022<\/th>2021<\/th><\/tr><\/thead>
Net students revenues<\/td>$71,011<\/td>$48,754<\/td><\/tr>
Less financial aid<\/td>($20,375)<\/td>($14,784)<\/td><\/tr>
Net student revenues<\/td>$50,636<\/td>$33,970<\/td><\/tr>
Federal grants<\/td>$2,855<\/td>$4,575<\/td><\/tr>
Private gifts and grants<\/td>$14,762<\/td>$10,387<\/td><\/tr>
Private contracts<\/td>$2,096<\/td>$1,580<\/td><\/tr>
Endowment payouts<\/td>$15,958<\/td>$15,659<\/td><\/tr>
Other revenue<\/td>$530<\/td>$383<\/td><\/tr><\/tbody>
Total Revenue<\/td>$86,837<\/td>$66,554<\/td><\/tr><\/tfoot><\/table>
Revenue (In thousands)<\/span><\/figcaption><\/figure>\n\n\n\n
\n
\"Pie<\/figure>\n\n\n\n
    \n
  • Net student revenues, 58%<\/li>\n\n\n\n
  • Endowment payout, 18%<\/li>\n\n\n\n
  • Private gifts and grants, 17%<\/li>\n\n\n\n
  • Federal grants, 3%<\/li>\n\n\n\n
  • Private contracts, 3%<\/li>\n\n\n\n
  • Other revenue, 1%<\/li>\n<\/ul>\n<\/div>\n\n\n\n

    Expenses<\/h2>\n\n\n\n
    Category<\/th>2022<\/th>2021<\/th><\/tr><\/thead>
    Instruction<\/td>$30,478<\/td>$27,736<\/td><\/tr>
    Research<\/td>$4,156<\/td>$3,035<\/td><\/tr>
    Public service<\/td>$756<\/td>$687<\/td><\/tr>
    Academic support<\/td>$6,958<\/td>$5,850<\/td><\/tr>
    Students services<\/td>$8,523<\/td>$7,954<\/td><\/tr>
    Institutional support<\/td>$12,503<\/td>$9,930<\/td><\/tr>
    Auxiliary enterprises<\/td>$12,428<\/td>$6,748<\/td><\/tr><\/tbody>
    Total Expenses<\/td>75,802<\/td>$61,940<\/td><\/tr><\/tfoot><\/table>
    Expenses (In thousands)<\/span><\/figcaption><\/figure>\n\n\n\n
    Total Expenses<\/th>75,802<\/th>$61,940<\/th><\/tr><\/thead>
    Excess revenue over expenses<\/td>$11,035<\/td>$4,614<\/td><\/tr>
    Polled investment (losses), net of endowment payout<\/td>($45,243)<\/td>$119,461<\/td><\/tr>
    Other changes in net assets<\/td>$9<\/td>$1,407<\/td><\/tr><\/tbody>
    Change in net assets<\/td>($34,199)<\/td>$125,482<\/td><\/tr><\/tfoot><\/table>
    Change in net assets (in thousands)<\/figcaption><\/figure>\n\n\n\n
    \n
    \"Pie<\/figure>\n\n\n\n
      \n
    • Instruction, 40%<\/li>\n\n\n\n
    • Institutional support, 17%<\/li>\n\n\n\n
    • Auxiliary enterprises, 16%<\/li>\n\n\n\n
    • Student services, 11%<\/li>\n\n\n\n
    • Research, 6%<\/li>\n\n\n\n
    • Academic support, 9%<\/li>\n\n\n\n
    • Public service, 1%<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      As noted in the financial charts listed below, the College’s financial position remains strong despite the challenges caused by the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1670,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-default-all-blocks.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1713","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/pages\/1713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/comments?post=1713"}],"version-history":[{"count":40,"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/pages\/1713\/revisions"}],"predecessor-version":[{"id":2047,"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/pages\/1713\/revisions\/2047"}],"up":[{"embeddable":true,"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/pages\/1670"}],"wp:attachment":[{"href":"https:\/\/www.hmc.edu\/annual-report\/wp-json\/wp\/v2\/media?parent=1713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}