Annual Report 2006
Finances
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The generous gifts of friends to the Annual Fund keep Bethel a renowned Christian university—one that is affordable to the largest possible number of students each year. |
Source: Office of Development records, pre-audit.
Note: Development records of receipted gifts reflect different categories than audited financial statements.
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*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 |
CAS=College of Arts & Sciences 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 |
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)
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As of May 31 (in thousands) |
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Operating Revenues |
2005 |
2006 |
| 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 |
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As of May 31 (in thousands) |
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Operating Expenditures |
2005 |
2006 |
| 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 |
