Annual Report 2006
Finances
Source: Office of Development records, pre-audit.
Note: Development records of receipted gifts reflect different categories than audited financial statements.
CAPS=College of Adult & Professional Studies
GS=Graduate School
BSSP=Bethel Seminary St. Paul
BSSD=Bethel Seminary San Diego
BSOE=Bethel Seminary of the East
*Includes endowed and restricted scholarships, tuition benefits, and general scholarships and grants (funded by donors, investment earnings, and operational revenue).
**Includes scholarships from corporations, foundations, and churches; and employer reimbursements
Student Loans Received
(College of Arts & Sciences Graduating Class of 2005)
- 75% borrowed student loans while in college
- Average total (for those who borrowed) was $25,000
Bethel University Financial Activities
(Source: Audited Combined Financial Statements of Bethel Unversity and Bethel University Foundation)
(in thousands) |
||
| Operating Revenues | ||
|---|---|---|
| Tuition and Fees | $65,005 |
$70,754 |
| Less Institutionally Funded Aid | (15,229) |
(17,270) |
| Net Tuition and Fees | 49,776 |
53,484 |
| Contributions and Gifts | 5,595 |
6,302 |
| Auxiliary Services | 15,558 |
16,507 |
| Investment Income | 606 |
981 |
| Other | 5,525 |
5,0129 |
| Total Operating Revenue | $77,060 |
$82,293 |
(in thousands) |
||
| Operating Expenditures | ||
|---|---|---|
| Instruction | $32,602 |
$34,421 |
| Academic Support | 7,442 |
8,032 |
| Student Services | 5,297 |
5,364 |
| Institutional Support | 16,025 |
18,045 |
| Auxiliary Services | 13,505 |
14,384 |
| Other | 868 |
970 |
| Total Operating Expenditures | $75,739 |
$81,216 |
| Net Operating Activities | $1,321 |
$1,077 |
| Net Nonoperating Activities | 5,225 |
5,626 |
| Increase in Net Assets | $6,546 |
$6,703 |
Note: Operating Activities include the primary educational program of the university. Nonoperating activities include investment-oriented activities such as charitable gift annuities and trusts, endowments, and temporarily restricted gifts.
Key Financial Indicators
| As of May 31 | |||
|---|---|---|---|
| (in thousands) | 2004 | 2005 | 2006 |
| Property and Equipment, Net | $54,167 | $64,329 | $67,815 |
| Long-Term Debt | $31,168 | $30,473 | $31,421 |
| Endowment | $16,979 | $20,750 | $21,360 |
| Net Assets | |||
| Unrestricted | $39,543 | $42,867 | $47,042 |
| Temporarily Restricted | $11,119 | $10,615 | $12,490 |
| Permanently Restricted | $16,777 | $20,504 | $21,157 |
