Below are the annual reports for the Faculty of Arts and Sciences (FAS) for fiscal years 2021–2024.
HUCTW leaders republished these documents because the reports were removed from the FAS Dean’s website, despite the fact that FAS administrators have cited FAS’s financial condition in prior years in support of claims of a long-term structural deficit (claims that have been used to justify severe layoffs, graduate students, and other austerity measures).
The annual reports do not appear to support the assertion of a long-standing deficit: each of the published years lists an operating surplus, as shown below. The most recent externally archived copies available via the Internet Archive date to April 2025. The Internet Archive is a publicly available nonprofit digital archive of the Internet, including historical copies of webpages and documents published on websites.
Through the archiving process, it appears that much of the formatting was lost.
Click the blue links below to access the reports. Please note that no FAS annual report was published for FY2025.
| FY2021 | FAS annual report lists a $105.2 million operating surplus (GAAP* compliant) |
| FY2022 | FAS annual report lists a $133.0 million operating surplus (GAAP compliant) |
| FY2023 | FAS annual report lists a $120.6 million operating surplus (GAAP compliant) |
| FY2024 | FAS annual report did not present financial results using standard accounting principles (GAAP), but the text of the report indicates that FY2024 ended with a surplus. |
| FY2025 | No FAS annual report was published |
| * GAAP stands for Generally Accepted Accounting Principles, which are the standard rules for financial reporting in this country. GAAP-compliant figures are widely considered the most trustworthy measure of an organization’s true financial position. | |