FINANCIAL SUMMARY 2024–2025

In Fiscal Year 2024–25, the CIA sustained its strong financial performance, driven by continued growth in both undergraduate and graduate student enrollments. Prudent fiscal management, ongoing commitment to cost discipline, and targeted strategic investments have preserved a healthy financial position and strengthened our capacity to invest in strategic priorities. This section highlights key financial results and decisions that reinforce the CIA’s financial resilience and future opportunities.

Student enrollment growth, supported by strong incoming classes and high retention rates, resulted in a significant increase in net tuition, our largest source of operating revenue. This increase contributed to an overall rise in operating revenues for the third consecutive year, marking a continued positive financial trajectory that allows the CIA to invest in enhancing the student and guest experiences across our domestic campuses. These results support ongoing improvements in academic programs, student services, and campus operations while advancing the CIA’s leadership position in culinary and food service education.

Philanthropic support also continues to fuel the CIA’s success. In FY 2024–25, donor gifts and pledges totaled $14.6 million, providing critical resources for scholarships, student programming, educational enhancements, and capital improvements that advance the College’s mission.

The CIA experienced continued growth in total assets, revenues and net assets—demonstrating solid liquidity and financial capacity. Responsible stewardship of resources, along with a balanced approach to investing in strategic priorities and maintaining campus infrastructure, remains central to sustaining our institutional strength.

Looking ahead, the CIA remains focused on our core business of educating students while exploring opportunities for innovation and expansion. Upcoming initiatives include the development of new educational pathways, leadership programs, and partnership opportunities aligned with our Vision 2035 strategic plan. Supported by several years of positive financial results, the CIA is well-positioned to execute this vision and deliver lasting value to current and future students.

2025 Operating Revenue Sources

$ IN THOUSANDS

Private gifts and grants for operations	$11,553
Investment income designated for operations	$8,255
Student tuition and fees	$111,520
Restaurants and other sources	$19,313
Student housing revenues	$24,734
Non-credit tuition	$11,132
TOTAL	$186,507

2024 Distribution of Expenses

$ IN THOUSANDS

Salaries and employee benefits	$82,475
Contracted Services	$34,692
Supplies, services, and other	$17,237
Depreciation	$10,458
Food and beverage	$12,538
Utilities and occupancy	$8,496
Expense on indebtedness	$4,515
TOTAL	$170,411

Endowment vs. Long-Term Debt

$ IN MILLIONS

	Endowment ($)	Long-Term Debt ($)
2021	162	117
2022	151	120
2023	144	115
2024	155	109
2025	168	103

Assets & Net Assets

$ IN MILLIONS

	Assets ($)	Net Assets ($)
2021	500	331
2022	495	332
2023	520	348
2024	555	387
2025	574	411

CONSOLIDATED BALANCE SHEET

May 31, 2025 ($ IN THOUSANDS)

  
ASSETS 
  
Cash and short-term investments 
  $55,310
  
Investments
  $201,266
 
Student accounts receivables (net)
    2,198
 
Other assets
$6,100
 
Contributions receivable (net)
$31,259
 
Deposits with bond trustees
$6,603
 
Lease assets
$16,356
 
Land, buildings, and equipment (net)
$254,758
 
    TOTAL ASSETS
$573,850

  
LIABILITIES 
  
Accounts payable and other liabilities 
  $23,196
  
Deferred revenue
  $25,210
 
Bonds payable
  $103,179
 
 Lease liabilities
$11,124
 
    Total Liabilities
$162,709
 
    Total Net Assets
$411,141
 
    TOTAL LIABILITIES AND NET ASSETS
$573,850