Annual Report 2022

Ma n a g eme n t ’ s D i s c u s s i o n a n d A n a l y s i s J u n e 3 0 , 2 0 2 2 a n d 2 0 2 1 NSU continues to leverage and support its strengths in graduate and professional education while growing the undergraduate population. The university’s unique Dual Admissions Program provides highly motivated undergraduate students with the opportunity to reserve a seat in one of NSU’s graduate or professional colleges while earning their bachelor’s degree. Other examples include the Abraham S. Fischler College of Education’s Fischler Academy, an elite teacher preparation program launched in fall 2018, and the H. Wayne Huizenga College of Business and Entrepreneurship’s Huizenga Business Innovation Academy launched in fall 2019. These academy programs allow first-time-in-college students to earn both their bachelor’s and master’s degrees in just four years. Upon successful completion of the Business Innovation Academy program, students have an opportunity to receive a monetary award toward their own business startup. NSU’s brand campaign, the NSU Edge, highlights the university’s strengths, and shows how these strengths provide its students with a competitive advantage in their career, life, and community. This promise is demonstrated in numerous ways across the university, from immersive learning experiences to faculty mentoring to community outreach. For example, undergraduate students receive a dedicated, personal career coach to guide them through their time at college; dual-admission programs give students a faster track to graduate and professional schools; and graduate and professional students have opportunities to connect with leading faculty members who have professional experience outside the classroom. Contributions and Private Grants Contributions and private grants revenue was $18.5 million in fiscal 2022 compared to $38.3 million in fiscal 2021, primarily due to a significant gift commitment recognized in fiscal 2021 in connection with the international dental program expansion at the Tampa Bay Regional Campus as previously described. Government Grants and Contracts Government grants and contracts revenue approximated $55.9 million in fiscal 2022, increasing 30.8 percent, or $13.2 million, from $42.7 million in fiscal 2021, mainly attributable to an increase in revenues recognized from Higher Education Emergency Relief Fund (HEERF) allocations. Auxiliary Operations Auxiliary operations revenue totaled $50.2 million and $40.7 million in fiscal 2022 and 2021, respectively, representing a $9.6 million or 23.5 percent increase. The growth was driven by increased campus housing and meal plan revenues resulting from more students residing on campus in fiscal 2022 compared to fiscal 2021 during the height of the COVID-19 pandemic. Other Revenues Other revenues increased $4.7 million in fiscal 2022 to $23.1 million from $18.4 million in fiscal 2021, related to various areas, including certain claim-related reimbursements received, along with improvements in revenue associated with NSU’s Grande Oaks Golf Club and the university’s interest in a limited partnership. 4