FY25 concluded on June 30, 2025, and the university is currently implementing the financial closeout process that includes reconciling accounts, finalizing all revenues and expenses, and recording any necessary accruals or adjustments. This ensures that the university's financial statements accurately reflect the prior year’s activity and comply with accounting standards. Final FY25 analysis will be presented to the NIU Board of Trustees at their Nov. 13 Finance, Audit, Compliance, Facilities and Operations Committee meeting and then updated on this site.
Total FY25 Revenue Budget: $423.9M
| Revenue Type | Amount in $ | Percent |
|---|---|---|
| Tuition & Student Fees | $164,557,000 | 38.8% |
| Gifts, Grants, & Contracts | $42,571,000 | 10.0% |
| Other Fees and Fines | $6,762,000 | 1.6% |
| Sales | $48,661,000 | 11.5% |
| Rental & Room Income | $38,322,000 | 9.0% |
| Gate Receipts & Commissions | $5,155,000 | 1.2% |
| Miscellaneous & Investment Income | $17,218,000 | 4.1% |
| State of Illinois | $100,621,000 | 23.7% |
| Total | $423,870,000 | 100.0% |
Total FY25 Expense Budget: $438.4M
Notes: Gifts, Grants and Contracts excludes sponsored research revenue.
| Expense Type | Amount in $ | Percent |
|---|---|---|
| Personnel Services | $242,048,000 | 55.2% |
| Goods, Equipment, Capital Repairs | $23,254,000 | 5.8% |
| Contractual Services | $81,462,000 | 18.6% |
| Scholarships | $61,476,000 | 14.0% |
| Debt Service | $21,827,000 | 5.0% |
| Other | $6,314,000 | 1.4% |
| Total | $438,380,000 | 100% |
Detailed itemization of expenses
| Itemized Expenses | Amount in $ | Percent |
|---|---|---|
| Personnel Services | $242,048,000 | 55.2% |
| Contractual Services | $81,462,000 | 18.6% |
| Scholarships | $61,476,000 | 14.0% |
| Debt Service | $21,827,000 | 5.0% |
| Cost of Sales | $6,790,000 | 1.5% |
| Commodities | $7,794,000 | 1.8% |
| Travel | $5,177,000 | 1.2% |
| Automotive | $654,000 | 0.1% |
| Telecommunications | $469,000 | 0.1% |
| Equipment & Library Books | $8,631,000 | 2.0% |
| Capital Repairs | $2,039,000 | 0.5% |
| Miscellaneous Expenses | $14,000 | 0.00% |
| Total | $438,380,000 | 100.00% |
Total FY25 Deficit: -$15M
Total FY25 Expenses By Division
| Division | Expenses in $ | Percent |
|---|---|---|
| Academic Affairs | $164,380,000 | 37.5% |
| Administration and Finance | $27,186,000 | 6.2% |
| Central Services | $20,798,000 | 4.7% |
| Information Technology | $11,038,000 | 2.5% |
| Intercollegiate Athletics | $24,953,000 | 5.7% |
| Human Resource Services | $3,132,000 | 0.7% |
| Enrollment Management, Marketing and Communications | $40,063,000 | 9.1% |
| Academic Diversity, Equity and Inclusion | $2,402,000 | 0.5% |
| Outreach, Engagement and Regional Development | $26,780,000 | 6.1% |
| Research and Innovation Partnerships | $7,800,000 | 1.8% |
| Student Affairs | $52,220,000 | 11.9% |
| University Administrative Services | $12,907,000 | 2.9% |
| University Advancement | $5,356,000 | 1.2% |
| Utilities | $10,660,000 | 2.4% |
| Non-Divisional | $28,706,000 | 6.5% |
| Grand Total | $438,380,000 | 100% |