This document summarizes financial data reported by Bob Jones University for the fiscal year from June 1, 2009 to May 31, 2010. It provides information on the university's assets, liabilities, revenues, expenses, and student grants. Specifically, it reports that the university had total assets of $133,329,100, total liabilities of $26,377,278, and total equity of $106,951,822. It also notes that the university's total revenues were $116,941,513 and total expenses were $114,600,690, resulting in a net loss of $722,000.
This document summarizes financial data reported by Bob Jones University for the fiscal year from June 1, 2009 to May 31, 2010. It provides information on the university's assets, liabilities, revenues, expenses, and student grants. Specifically, it reports that the university had total assets of $133,329,100, total liabilities of $26,377,278, and total equity of $106,951,822. It also notes that the university's total revenues were $116,941,513 and total expenses were $114,600,690, resulting in a net loss of $722,000.
This document summarizes financial data reported by Bob Jones University for the fiscal year from June 1, 2009 to May 31, 2010. It provides information on the university's assets, liabilities, revenues, expenses, and student grants. Specifically, it reports that the university had total assets of $133,329,100, total liabilities of $26,377,278, and total equity of $106,951,822. It also notes that the university's total revenues were $116,941,513 and total expenses were $114,600,690, resulting in a net loss of $722,000.
This document summarizes financial data reported by Bob Jones University for the fiscal year from June 1, 2009 to May 31, 2010. It provides information on the university's assets, liabilities, revenues, expenses, and student grants. Specifically, it reports that the university had total assets of $133,329,100, total liabilities of $26,377,278, and total equity of $106,951,822. It also notes that the university's total revenues were $116,941,513 and total expenses were $114,600,690, resulting in a net loss of $722,000.
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National Center for Education Statistics
IPEDS Data Center
Bob Jones University UnitID OPEID Address Web Address 217749 00342100 1700 Wade Hampton Boulavard, Greenville, SC, 29614-0001 www.bju.edu
Finance 2009-010 Institution: Bob Jones University (217749) Finance - Private institutions
FASB-Reporting Institutions General Information - Fiscal Year and Audit To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details and references. 1. Fiscal Year Calendar This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most recent fiscal year ending before October 1, 2010.) Beginning: month/year (MMYYYY) Month: 6 Year: 2009
2009
And ending: month/year (MMYYYY)
Month:
Year:
2010
2. Audit Opinion Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based on the audit of that entity.) Unqualified Qualified (Explain in box below) Don't know (Explain in box below) You may use the space below to provide context for the data you've reported above.
Institution: Bob Jones University (217749)
Part A - Balance Sheet Information
Line No. 01
Fiscal Year: June 1, 2009 - May 31, 2010 Assets, Liabilities, and Equity Current year amount Assets Total assets
Prior year amount
133,329,100 02 Liabilities Total liabilities
26,377,278 Equity 03 Total equity 106,951,822 CV = (A01 - A02) 04 Total liabilities and equity 133,329,100 CV = (A02 + A03) You may use the space below to provide context for the data you've reported above.
Institution: Bob Jones University (217749)
Part B - Summary of Changes in Equity
Fiscal Year: June 1, 2009 - May 31, 2010 Line No. Revenues, Expenses, Gains, and Losses Current year amount 01 Total revenues
Prior year amount
116,941,513 02 03 04 05 06 07 Total expenses
114,600,690 Sum of specific changes in equity CV=[B04-(B01-B02)] Net income -722,000
1,618,823 Other changes in equity
0 Equity, beginning of year
105,332,999 Adjustments to beginning net equity CV=[B08-(B04+B05+B06)] 08 Equity, end of year (from A03) You may use the space below to provide context for the data you've reported above. 0 106,951,822
Institution: Bob Jones University (217749)
Part C - Student Grants
Line No. 01 Pell grants (federal) 02 03 04 05 06 07 Other federal grants
Fiscal Year: June 1, 2009 - May 31, 2010 Student Grants Current year amount
Prior year amount
3,901,135 1,120,031 State and local grants (government)
4,050,620 Institutional grants
0 Total student grants CV=[C01+...+C04] Allowances applied to tuition and fees 9,071,786
3,971,406 Allowances applied to auxiliary enterprise revenues
0 You may use the space below to provide context for the data you've reported above.
Institution: Bob Jones University (217749)
Part D - Revenues and Investment Return
Line No. 01
Fiscal Year: June 1, 2009 - May 31, 2010 Current year amount Source of Funds Tuition and fees (net of amount reported in Part C, line 06)
Prior year amount
40,306,970 02 03 Government Appropriations, Grants and Contracts Federal appropriations, grants and contracts
0 State and local government appropriations, grants and contracts
25,106 04 Private Grants and Contracts Private grants and contracts
0 05 06 07 Other Revenue Investment income and investment gains (losses) included in net income Sales and services of educational activities
2,124,470 313,849
Sales and services of auxiliary enterprises (net of amount reported in Part C, line 07) 20,517,970 08 Other revenue 53,653,148 CV=[D09-(D01+...+D07)] 09 Total revenues and investment return (from B01) 116,941,513 10 12-month Student FTE from E12 3,946 CV=[D10a+D10b] 10a Undergraduates 3,638 10b Graduates 308 11 Total revenues and investment return per student FTE 29,635 CV=[D09/D10] You may use the space below to provide context for the data you've reported above.
Institution: Bob Jones University (217749)
Part E - Expenses by Function
Fiscal Year: June 1, 2009 - May 31, 2010 Line No. 01 Instruction 02 03 04 05 Expenses by Functional Category Amounts Prior Year Amounts
20,951,799 Research and Public service
1,296,451 Academic support, Student services and Institutional support
23,211,925 Auxiliary enterprises
17,782,357 Net grant aid to students (net of tuition and fee allowances and agency transactions) 06 All other expenses CV=[E07-(E01+...+E05)] 07 Total expenses (from B02) 08 12-month Student FTE from E12 CV=[E08a+E08b] 08a Undergraduates 08b Graduates 09 Total expenses per student FTE CV=[E07/E08] Provide an explanation below if values cannot be reported separately. Line 03 is Income Tax Expense.
0 51,358,158 114,600,690 3,946 3,638 308 29,042
Institution: Bob Jones University (217749) Summary
Finance Survey Summary
IPEDS collects important information regarding your institution. All data reported in IPEDS survey components become available in the IPEDS Data Center and appear as aggregated data in various Department of Education reports. Additionally, some of the reported data appears specifically for your institution through the College Navigator website and is included in your institutions Data Feedback Report (DFR). The purpose of this summary is to provide you an opportunity to view some of the data that, when accepted through the IPEDS quality control process, will appear on the College Navigator website and/or your DFR. College Navigator is updated approximately three months after the data collection period closes and Data Feedback Reports will be available through the ExPT and sent to your institutions CEO in November 2011. Please review your data for accuracy. If you have questions about the data displayed below after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at: 1-877-225-2568 or ipedshelp@rti.org.
Core Revenues Revenue Source Tuition and fees Government appropriations, grants and contracts Private gifts, grants, and contracts Investment income and investment gains (losses) included in net income Other core revenues Total core revenues Total revenues Reported values $40,306,970 $25,106 $0 $2,124,470 $53,966,997 $96,423,543 $116,941,513 Percent of total core revenues 42% 0% 0% 2% 56% 100% Core revenues per FTE enrollment $10,215 $6 $0 $538 $13,676 $24,436 $29,635
Core revenues include tuition and fees; government appropriations (federal, state, and local); government grants and contracts; private gifts, grants, and contracts; Investment income and investment gains (losses); sales and services of educational activities; and other sources. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.
Core Expenses Expense function Instruction Research and Public Service Academic support, Student services and Institutional support Other core expenses Total core expenses Total expenses Reported values $20,951,799 $1,296,451 $23,211,925 $51,358,158 $96,818,333 $114,600,690 Percent of total core expenses 22% 1% 24% 53% 100% Core expenses per FTE enrollment $5,310 $329 $5,882 $13,015 $24,536 $29,042
Core Expenses Core expenses include expenses for instruction, research, public service, academic support, student services, institutional support, net grant aid to students, and other expenses. Core expenses exclude expenses for auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations.
Calculated value FTE enrollment 3,946
The full-time equivalent (FTE) enrollment used in this report is the sum of the institutions FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12month instructional activity (credit and/or contact hours). All doctors degree students are reported as graduate students.
