Financial Statement
Financial Statement
The College awarded $3.8 million in scholarship aid and paid out $2.6 million in student employment. The combined total of $6.4 million represents 16% of the total operating budget.
Revenue from government contracts totaled $6.8 million and includes 3 new contracts in FY 2023. Contributions and grants totaled $1.9 million, a new high for the College.
Cash and investments totaled $22.7 million as of the end of the year, which is an increase of $1.5 million from last year.
The change in net assets from the FY 2023 Audited Financial Statements is $333,805. Total net assets are $24.2 million as of the end of the year.
A planned two-year project to replace the College’s exterior windows began in the Spring of 2022 and will continue through the Fall of 2023. The first phase of the project was completed on time and under budget. The second phase of the project is in progress. The project is being financed by $8 million in MDFA Series 2021 tax-exempt bonds. Interest only payments are due for the first three years. The interest rate is fixed at 2.44% for the first ten years.
The following are financial highlights from the year:
Financial Highlights:
$50.4 million in Total Assets
$24.2 million in Net Assets
$6.8 million in Government Contracts
$3.8 million in Scholarship Aid
$2.6 million in Student Employment
For detailed information about our financial statements, please contact Daniel Brent, Vice President of Finance and Operations, at 617-564-9336 or dan_brent@williamjames.edu.
Please click here for a copy of our Consolidated Financial Statements for FY23.
Please click here for a copy of our Consolidated Financial Statements for FY22.
Please click here for a copy of our Consolidated Financial Statements for FY21.
Please click here for a copy of our Consolidated Financial Statements for FY20.
Please click here for a copy of our Consolidated Financial Statements for FY19.
Prior Years:
FY22 Highlights
FY21 Highlights
FY20 Highlights
FY19 Highlights
Higher Education Emergency Relief Fund (HEERF)
Student Funds Quarterly Reporting
- Quarterly Report, Period Ending September 30, 2023 - FINAL
- Quarterly Update, Period Ending June 30, 2023
- Quarterly Update, Period Ending March 31, 2023
- Quarterly Update, Period Ending December 31, 2022
- Quarterly Update, Period Ending September 30, 2022
- Quarterly Update, Period Ending June 30, 2022 - No expenditures in this period
- Quarterly Update, Period Ending March 31, 2022
- Quarterly Update, Period Ending December 31, 2021
- Quarterly Update, Period Ending September 30, 2021 - No expenditures in this period
- Quarterly Update, Period Ending June 30, 2021 - No expenditures in this period
- Quarterly Update, Period Ending March 31, 2021 - No expenditures in this period
- Quarterly Update, Period Ending December 31, 2020 - No expenditures in this period
- Quarterly Update, Period Ending September 30, 2020
Institutional Funds Quarterly Reporting
- Quarterly Update, Period Ending June 30, 2022 - No expenditures in this period
- Quarterly Update, Period Ending March 31, 2022
- Quarterly Update, Period Ending December 31, 2021
- Quarterly Update, Period Ending September 30, 2021 - No expenditures in this period
- Quarterly Update, Period Ending June 30, 2021 - No expenditures in this period
- Quarterly Update, Period Ending March 31, 2021
- Quarterly Update, Period Ending December 31, 2020 - No expenditures in this period
- Quarterly Update, Period Ending September 30, 2020