NIU FY23 Financial Activity

Revenue

Total FY23 Revenue: $392.4M

Notes: Gifts, Grants and Contracts excludes sponsored research revenue.

2023 Revenue
Revenue Type Amount in $ Percent
Tuition & Student Fees $162,625,000 41.4%
Gifts, Grants, & Contracts $37,388,000 9.5%
Other Fees and Fines $5,914,000 1.5%
Sales $35,019,000 8.9%
Rental & Room Income $30,044,000 8.9%
Gate Receipts & Commissions $4,085,000 1.0%
Miscellaneous & Investment Income $20,103,000 5.1%
State of Illinois $92,216,000 23.5%
Total $392,394,000 100.0%

Expenses

Total FY23 Expenses: $411.0M

2023 Expenses
Expense Type Amount in $ Percent
Personnel Services $214,832,000 52.3%
Goods, Equipment, Capital Repairs $24,706,000 6.0%
Contractual Services $81,310,000 19.8%
Scholarships $66,752,000 16.2%
Debt Service $17,787,000 4.3%
Other $5,571,000 1.4%
Total $410,958,000 100%

2023 Actual Expenses Detail
Itemized Expenses Amount in $ Percent
Personnel Services $214,832,000 52.3%
Contractual Services $81,310,000 19.8%
Scholarships $66,752,000 16.2%
Debt Service $17,787,000 4.3%
Cost of Sales $5,501,000 1.3%
Commodities $5,728,000 1.4%
Travel $4,012,000 1.0%
Automotive $651,000 0.2%
Telecommunications $438,000 0.1%
Equipment & Library Books $10,230,000 2.5%
Capital Repairs $3,247,000 0.8%
Miscellaneous Expenses $470,000 0.1%
Total $410,958,000 100.00%

Expenses By Division

Total FY23 Expenses by Division

2023 Expenses by Division
Division Expenses in $ Percent
Academic Affairs $152,248,000 37.0%
Administration & Finance $24,188,000 5.9%
Central Services $17,777,000 4.3%
Information Technology $11,714,000 2.9%
Intercollegiate Athletics $27,767,000 6.8%
Human Resource Services $2,998,000 0.7%
Enrollment Management, Marketing and Communications $40,905,000 10.0%
Academic Diversity, Equity and Inclusion $2,639,000 0.6%
Outreach, Engagement and Regional Development $18,927,000 4.6%
Research and Innovative Partnerships $6,562,000 1.6%
Student Affairs $43,602,000 10.6%
University Administrative Services $11,920,000 2.9%
University Advancement $5,030,000 1.2%
Utilities $10,929,000 2.7%
Non-Divisional $31,368,000 7.6%
Grand Total $410,958,000 100%

Departments and costs by division


Expenses By Fund by Division

See descriptions of fund types

Contact Us

Have ideas or suggestions related to NIU’s finances and multiyear budgeting goals?

Please email budgetandplanning@niu.edu.