Breakdown of 2017-2018 Annual Report
The majority of revenue is generated through tuition & fees, making up 83% of the total revenue. Auxiliary enterprises comprised of cafeteria services, residence hall, and the dental health center contribute 9% of total revenue. An area of optimistic growth resides in contributions to the college in the form of gifts and donations. Currently this area makes up only 1.2% of total revenue. Grants and federal and state appropriations contribute 3.8% to total revenue. The remainder is made up of other educational, investment, and other revenue.
The bulk of operating expenses (61%) have a direct benefit to students through instructional education, academic support, and student services. Auxiliary enterprises make up 9.3% of the total expenses, while the costs to keep the college up and running in the form of institutional support make up 28.2% of total expenses. Manor College strives to eliminate wasteful spending while continually looking for cost efficiencies. Spending priorities are consistent with short and long term goals as noted in the Strategic Plan.
The market value of the endowment is $2.87 million. The Manor College endowment plays a significant role in helping to support students through various named and unnamed scholarships. The Board of Trustees has adopted a spending policy which requires the college to use 4% of the 3 year average return on the market value of the endowment. As the endowment continues to grow, more money can go towards funding student scholarships.
2017-18 Capital Expenditures & Other Purchases
Completed full renovation of UHSC museum
Renovated 3 classrooms with new carpeting, lighting, windows, furniture, and technology
Remodeled Dental Health Center bathroom
Installed new sound system
Replaced another 20% of residence hall furniture
New furniture for Resident Hall Lounge
Added new security station in Mother of Perpetual Help Hall
New signage and additional poles on Fox Chase Rd.
New road signs directing traffic to Manor College
New computers purchased and Wi-Fi capabilities increased
Purchased new Manor College carpets with new logo
Added storage shed for Athletics
Purchased new uniforms and equipment for first baseball team
Grotto area with picnic tables and chairs