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Nonprofiteer
← BJU INC

Form 990 for tax year 2024

Filed by BJU INC.

Totals

Total revenue
$114,827,246
Total expenses
$112,635,324
Contributions and grants received
$5,736,103
Grants paid
$22,848,285
Program service revenue
$75,909,950
Investment income
$1,211,080
Other revenue
$31,970,113
Total assets, end of year
$108,724,460
Total liabilities, end of year
$24,969,412
Net assets or fund balances, end of year
$83,755,048
Program services expenses (Part IX)
$93,374,925
Management and general expenses
$18,431,832
Fundraising expenses
$828,567
Program service expenses (Part III)
$93,374,925

Program services were 82.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $228,478

  • 1e · Government grants (contributions)

    $245,568

  • 1f · All other contributions, gifts and grants

    $5,262,057

  • 1g · Noncash contributions included above

    $18,427

  • 2a · Program service revenue: TUITION & FEES - UNIV

    total $51,892,049 · related or exempt $51,892,049

  • 2b · Program service revenue: ROOM AND BOARD

    total $14,230,385 · related or exempt $14,230,385

  • 2c · Program service revenue: TUITION & FEES - ELEM

    total $5,168,006 · related or exempt $5,168,006

  • 2d · Program service revenue: INDEPENDENT OPERATIONS

    total $3,668,449 · related or exempt $3,668,449

  • 2f · All other program service revenue

    total $951,061 · related or exempt $951,061

  • 3 · Investment income

    total $1,254,192 · excluded $1,254,192

  • 5 · Royalties

    total $23,909,740 · excluded $23,909,740

  • 6a · Gross rents

    real property $487,326 · personal property $126,000

  • 6b · Less rental expenses

    real property $580,538 · personal property $26,717

  • 6c · Rental income or loss

    real property -$93,212 · personal property $99,283

  • 6d · Net rental income or loss

    total $6,071 · unrelated business $99,283 · excluded -$93,212

  • 7a · Gross sales of assets other than inventory

    securities $56,699,543

  • 7b · Less cost or other basis and sales expenses

    securities $56,699,543 · other assets $43,112

  • 7c · Gain or loss

    securities $0 · other assets -$43,112

  • 7d · Net gain or loss

    total -$43,112 · excluded -$43,112

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $228,478

  • 8b · Fundraising events: direct expenses

    $55,230

  • 8c · Net income from fundraising events

    total -$55,230 · excluded -$55,230

  • 10a · Gross sales of inventory

    $901,920

  • 10b · Cost of goods sold

    $239,352

  • 10c · Net income from sales of inventory

    total $662,568 · related or exempt $662,568

  • 11a · Other revenue: MANAGEMENT FEE INCOME

    total $6,578,517 · related or exempt $6,578,517

  • 11b · Other revenue: PRINTING SERVICES

    total $484,511 · unrelated business $484,511

  • 11c · Other revenue: PRODUCTIONS

    total $383,936 · unrelated business $383,936

  • 11e · Other revenue, total

    $7,446,964

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,705,041 · program services $22,705,041

  • 3 · Grants to foreign organizations and individuals

    total $143,244 · program services $143,244

  • 5 · Compensation of officers, directors and key employees

    total $741,019 · program services $535,111 · management and general $148,204 · fundraising $57,704

  • 6 · Compensation of disqualified persons

    total $174,429 · program services $66,091 · management and general $108,338

  • 7 · Other salaries and wages

    total $32,089,885 · program services $25,713,395 · management and general $5,991,902 · fundraising $384,588

  • 8 · Pension plan contributions

    total $474,268 · program services $369,618 · management and general $93,487 · fundraising $11,163

  • 9 · Other employee benefits

    total $15,616,618 · program services $13,267,800 · management and general $2,219,989 · fundraising $128,829

  • 10 · Payroll taxes

    total $2,740,612 · program services $2,120,033 · management and general $589,879 · fundraising $30,700

  • 11b · Fees: legal

    total $98,244 · program services $38,580 · management and general $54,179 · fundraising $5,485

  • 11c · Fees: accounting

    total $140,990 · program services $70,495 · management and general $70,495

  • 11f · Fees: investment management

    total $119,177 · management and general $119,177

  • 11g · Fees: other

    total $2,256,354 · program services $1,052,175 · management and general $1,176,886 · fundraising $27,293

  • 12 · Advertising and promotion

    total $903,860 · program services $428,415 · management and general $448,435 · fundraising $27,010

  • 13 · Office expenses

    total $1,859,304 · program services $1,298,418 · management and general $552,738 · fundraising $8,148

  • 14 · Information technology

    total $3,174,955 · program services $669,565 · management and general $2,465,638 · fundraising $39,752

  • 16 · Occupancy

    total $12,868,332 · program services $11,695,648 · management and general $1,168,881 · fundraising $3,803

  • 17 · Travel

    total $1,411,752 · program services $862,524 · management and general $482,705 · fundraising $66,523

  • 20 · Interest

    total $528,836 · management and general $528,836

  • 22 · Depreciation, depletion and amortization

    total $5,259,006 · program services $5,253,844 · management and general $5,162

  • 23 · Insurance

    total $1,434,848 · program services $98,238 · management and general $1,336,610

  • 24a · Other expenses: ARAMARK FOOD SERVICE

    total $6,474,881 · program services $6,177,482 · management and general $282,607 · fundraising $14,792

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $431,744 · program services $147,344 · management and general $280,229 · fundraising $4,171

  • 24c · Other expenses: UBIT TAX

    total $6,194 · management and general $6,194

  • 24e · All other expenses

    total $981,731 · program services $661,864 · management and general $301,261 · fundraising $18,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,880,962 · end of year $698,810

  • 2 · Savings and temporary cash investments

    end of year $186,591

  • 4 · Accounts receivable

    beginning of year $3,493,557 · end of year $5,580,759

  • 8 · Inventories for sale or use

    beginning of year $265,179 · end of year $190,892

  • 9 · Prepaid expenses and deferred charges

    beginning of year $677,238 · end of year $730,379

  • 10a · Land, buildings and equipment: cost or other basis

    $166,055,476

  • 10b · Land, buildings and equipment: accumulated depreciation

    $115,103,486

  • 10c · Land, buildings and equipment, net

    beginning of year $53,622,518 · end of year $50,951,990

  • 11 · Investments: publicly traded securities

    beginning of year $22,525,665 · end of year $26,760,009

  • 12 · Investments: other securities

    beginning of year $5,681,777 · end of year $6,231,844

  • 13 · Investments: program-related

    beginning of year $1,064,758 · end of year $947,490

  • 15 · Other assets

    beginning of year $17,074,777 · end of year $16,445,696

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,057,807 · end of year $6,063,835

  • 19 · Deferred revenue

    beginning of year $2,391,950 · end of year $2,175,228

  • 25 · Other liabilities

    beginning of year $17,367,978 · end of year $16,730,349

  • 27 · Net assets without donor restrictions

    beginning of year $54,434,736 · end of year $56,972,715

  • 28 · Net assets with donor restrictions

    beginning of year $26,033,960 · end of year $26,782,333

Mission and programs · 2024

Mission

BOB JONES UNIVERSITY (BJU) EXISTS TO EMPOWER PEOPLE TO REACH THEIR HIGHEST POTENTIAL FOR GOD'S GLORY BY PROVIDING AN OUTSTANDING CHRISTIAN LIBERAL ARTS EDUCATION PURPOSELY DESIGNED TO INSPIRE A LIFELONG PURSUIT OF LEARNING, LOVING, AND LEADING. OUR AIM, CAPTURED BY OUR FOUNDER'S VISION, IS NOT SIMPLY TO TEACH PEOPLE HOW TO MAKE A LIVING BUT HOW TO LIVE. IN CONTINUOUS OPERATION SINCE 1927, BJU HAS CONFERRED NEARLY 52,000 DEGREES. THE INSTITUTION HAS BUILT A GLOBAL REPUTATION AS A LEADER IN CONSERVATIVE CHRISTIAN EVANGELICALISM AND EDUCATION, SENDING ITS GRADUATES AROUND THE WORLD TO SERVE IN BOTH MINISTERIAL AND SECULAR FIELDS. BJU IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES AND THE TRANSNATIONAL ASSOCIATION OF CHRISTIAN COLLEGES AND SCHOOLS.

Activities or mission (Part I)

BJU DELIVERS A CHRISTIAN EDUCATION THROUGH ITS ELEMENTARY SCHOOL AND UNIVERSITY.

  • BJU SERVES APPROXIMATELY 2,400 RESIDENTIAL STUDENTS AND AN ADDITIONAL 600 NON-TRADITIONAL STUDENTS IN APPROXIMATELY 100 ASSOCIATE, BACHELOR'S, MASTER'S, AND DOCTORAL DEGREE PROGRAMS. BJU OFFERS STUDENTS A TOTAL STUDENT EXPERIENCE PACKAGE KNOWN AS THE BJU PREMIUM LEARNING AND LIVING EXPERIENCES FOCUSED ON STUDENT SUCCESS AND ROOTED IN OUR CHRISTIAN LIBERAL ARTS MISSION AND OUR CULTURAL EMPHASIS AND RELEVANT TO CURRENT MINISTRY AND WORKPLACE OPPORTUNITIES. BJU IS ALSO COMMITTED TO AN EDUCATION DESIGNED TO INSPIRE A LIFELONG PURSUIT OF LEARNING, LOVING AND LEADING.

    Expenses $89,098,763 · Grants $22,644,111 · Revenue $76,427,701

  • BJU, INC. SERVED AN AVERAGE OF 555 STUDENTS IN ITS ELEMENTARY SCHOOL (K3 - GRADE 6) AND 120 STUDENTS IN ITS CHILD DEVELOPMENT CENTER (INFANT - K2).

    Expenses $4,276,162 · Grants $204,174 · Revenue $6,723,334

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Harding-Sectreaspart

    YEAR) CHAIR LEARNING & LIVING COMM.

    Total calculated
    $0
    Hours/week
    1

  • Sam Dawson

    TRUSTEE AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Bruce Woodworth

    TRUSTEE AND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Huffstutler

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Dawn Akam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deanna Brammer-Trustee-Elect

    (PART YEAR) TRUSTEE & SEC/TREAS.

    Total calculated
    $0
    Hours/week
    1

  • Joe Helm

    CHAIRMAN OF LEARNING AND LIVING COMMITTEE (PART YE

    Total calculated
    $0
    Hours/week
    1

  • Marc Stevens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matthew Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Buiter - Trustee

    CHAIR OF MARKETING & DEVELOP COMM

    Total calculated
    $0
    Hours/week
    1

  • Paul Matthews

    VICE CHAIR (PART YEAR) AND CHAIRMAN OF FINANCE, AU

    Total calculated
    $0
    Hours/week
    1

  • Tim Gallagher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Rohrer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Josh Crockett

    PRESIDENT

    Total calculated
    $131,356
    From this org
    $92,894
    From related orgs
    $0
    Other
    $38,462
    Hours/week
    40

  • John Monczewski

    CFO

    Total calculated
    $0
    Hours/week
    20

  • Gary Weier

    EVP ACADEMIC AFFAIRS

    Total calculated
    $132,161
    From this org
    $104,367
    From related orgs
    $0
    Other
    $27,794
    Hours/week
    40

  • John Matthews

    VP ADVANCEMENT/ALUMNI RELATIONS

    Total calculated
    $122,874
    From this org
    $95,107
    From related orgs
    $0
    Other
    $27,767
    Hours/week
    40

  • Kevin Taylor

    CHIEF HR OFFICER

    Total calculated
    $102,987
    From this org
    $85,734
    From related orgs
    $0
    Other
    $17,253
    Hours/week
    40

  • Brian Burch

    CHIEF INFORMATION OFFICER

    Total calculated
    $98,842
    From this org
    $81,652
    From related orgs
    $0
    Other
    $17,190
    Hours/week
    40

  • Bruce McAlister

    VP OF MINISTRY

    Total calculated
    $110,794
    From this org
    $93,404
    From related orgs
    $0
    Other
    $17,390
    Hours/week
    40

  • Brian Hand

    FACULTY - SEMINARY/GRADUATE RELIGION

    Total calculated
    $160,906
    From this org
    $102,136
    From related orgs
    $0
    Other
    $58,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $97,445
    Bonus
    $4,691
    Other
    $0
    Deferred
    $1,170
    Nontaxable benefits
    $57,600
    Filer's total
    $160,906

  • Brian Carruthers

    STAFF - SCHOOL OF EDUCATION

    Total calculated
    $123,614
    From this org
    $106,329
    From related orgs
    $0
    Other
    $17,285
    Hours/week
    40

  • Darren Lawson

    DEAN - SCHOOL OF FINE ARTS AND COMMUNICATION

    Total calculated
    $139,838
    From this org
    $132,442
    From related orgs
    $0
    Other
    $7,396
    Hours/week
    40

  • Roger Bradley

    FACULTY - HISTORY, GOVERNMENT, AND SOCIAL SCIENCE

    Total calculated
    $166,081
    From this org
    $123,320
    From related orgs
    $0
    Other
    $42,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,320
    Bonus
    $30,000
    Other
    $0
    Deferred
    $1,097
    Nontaxable benefits
    $41,664
    Filer's total
    $166,081

  • Russell Miller Jr

    FACULTY - SCHOOL OF THEOLOGY AND GLOBAL LEADERSHIP

    Total calculated
    $184,180
    From this org
    $112,289
    From related orgs
    $0
    Other
    $71,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,089
    Bonus
    $200
    Other
    $0
    Deferred
    $1,097
    Nontaxable benefits
    $70,794
    Filer's total
    $184,180

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL BUDGET. INCLUDED IN THE ANNUAL BUDGET IS A DISCRETIONARY SPENDING AMOUNT FOR THE PRESIDENT. THE DISCRETIONARY ACCOUNT IS USED BY THE PRESIDENT TO FUND TRAVEL-RELATED EXPENSES, BJU-RELATED EVENTS, ETC. THE PRESIDENT'S OFFICE SUBMITS INVOICES AND EXPENSE REIMBURSEMENT FORMS (WITH PROPER SUPPORTING DOCUMENTATION) TO THE UNIVERSITY FOR PAYMENT AS REQUIRED. EXPENDITURES/REIMBURSEMENTS ARE MADE IN ACCORDANCE WITH THE UNIVERSITY'S DISBURSEMENT POLICIES AND PROCEDURES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202611059349301651

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