Financial Statement
2024 Financial Statement
The College awarded $4.2 million in scholarship aid and paid out $2.1 million in student employment. The combined total of $6.4 million represents 15% of the total operating budget.
Revenue from government contracts totaled $9.5 million, a new high for the College. This includes $2.9 million received from the Employee Retention Tax Credit.
Cash and investments totaled $26.8 million as of the end of the year, which is an increase of $4.1 million from last year.
The change in net assets from the FY 2024 Audited Financial Statements is $3.8 million. Total net assets are $28.1 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 ended in the Fall of 2023. The project finished on time and $1.6 million under budget. The project is being financed by $8 million in MDFA Series 2021 tax-exempt bonds at fixed interest rate of 2.44% for the first ten years.
The following are financial highlights from the year:
Financial Highlights:
$58.2 million in Total Assets
$28.1 million in Net Assets
$9.5 million in Government Contracts
$4.2 million in Scholarship Aid
$2.1 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 FY24.
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:
FY23 Highlights
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