Instruction expenses per FTE enrollment for public and private-not-for-profit institutions using FASB standards is derived as follows: Instruction expenses (F2E011) divided by 12-month FTE enrollment (FTE12MN) Instruction - A functional expense category that includes expenses of the colleges, schools, departments, and other instructional divisions of the institution and expenses for departmental research and public service that are not separately budgeted. Includes general academic instruction, occupational and vocational instruction, community education, preparatory and adult basic education, and regular, special, and extension sessions. Also includes expenses for both credit and non-credit activities. Excludes expenses for academic administration where the primary function is administration (e.g., academic deans). Information technology expenses related to instructional activities if the institution separately budgets and expenses information technology resources are included (otherwise these expenses are included in academic support). FASB institutions include actual or allocated costs for operation and maintenance of plant, interest, and depreciation. GASB institutions do not include operation and maintenance of plant or interest, but may, as an option, distribute depreciation expense. The full-time-equivalent (FTE) enrollment used is the sum of the institutions’ FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component) plus the estimated FTE of first-professional students. Undergraduate and graduate FTE are estimated using 12-month instructional activity (credit and/or clock hours). For more information see the variable description for 12-month full-time equivalent enrollment (info link) under frequently used\ 12-month enrollment.
Core revenues,total dollars for public and private-not-for-profit institutions using FASB standards are derived by adding revenues from the following sources: Tuition and fees revenues (F2D01) Federal appropriations (F2D02) State appropriations (F2D03) Local appropriations (F2D04) Federal grants and contracts (F2D05) State grants and contracts (F2D06) Local grants and contracts (F2D07) Private gifts, grants, and contracts (F2D08) Contributions from affiliated entities (F2D09) Investment return (F2D10) Sales and services of educational activities (F2D11) Other revenues (F2D15) For glossary definitions of the above finance terms see variables listed under the Finance survey.
Research expenses per FTE enrollment for public and private-not-for-profit institutions using FASB standards is derived as follows: Research expenses (F2E021) divided by 12-month FTE enrollment (FTE12MN) Research (expense) - A functional expense category that includes expenses for activities specifically organized to produce research outcomes and commissioned by an agency either external to the institution or separately budgeted by an organizational unit within the institution. The category includes institutes and research centers, and individual and project research. This function does not include nonresearch sponsored programs (e.g., training programs). Also included are information technology expenses related to research activities if the institution separately budgets and expenses information technology resources (otherwise these expenses are included in academic support.) FASB institutions include actual or allocated costs for operation & maintenance of plant, interest, and depreciation. GASB institutions do not include operation & maintenance of plant or interest but may, as an option, distribute depreciation expense. The full-time-equivalent (FTE) enrollment used is the sum of the institutions’ FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component) plus the estimated FTE of first-professional students. Undergraduate and graduate FTE are estimated using 12-month instructional activity (credit and/or clock hours). For more information see the variable description for 12-month full-time equivalent enrollment (info link) under frequently used\ 12-month enrollment.
Endowment assets (year end) per FTE enrollment for public and private not-for-profit institutions using FASB standards is derived as follows: Endowment assets (year end) (F2H02) divided by 12-month FTE enrollment (FTE12MN) Endowment assets are gross investments of endowment funds, term endowment funds, and funds functioning as endowment for the institution and any of its foundations and other affiliated organizations. Endowment funds are funds whose principal is nonexpendable (true endowment) and that are intended to be invested to provide earnings for institutional use. Term endowment funds are funds which the donor has stipulated that the principal may be expended after a stated period or on the occurrence of a certain event. Funds functioning as endowment (quasi-endowment funds) are established by the governing board to function like an endowment fund but which may be totally expended at any time at the discretion of the governing board. These funds represent nonmandatory transfers from the current fund rather than a direct addition to the endowment fund, as occurs for the true endowment categories. The full-time-equivalent (FTE) enrollment used is the sum of the institutions’ FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component) plus the estimated FTE of first-professional students. Undergraduate and graduate FTE are estimated using 12-month instructional activity (credit and/or clock hours). For more information see the variable description for 12-month full-time equivalent enrollment (info link) under frequently used\ 12-month enrollment.