Bju Inc
- Assets
- $212.8m
- Revenue
- $107.8m
- Investments
- $0.0
- Employees
- 2,229
- Location
- Greenville, SC
- Founding
- 02/2003
- Data as of
- 05/2022
- EIN
- 57-1088101
Organization Overview
Bju Inc is located in Greenville, SC. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Bju Inc employed 2,229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bju Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Bju Inc generated $107.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $104.4m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BJU DELIVERS A CHRISTIAN EDUCATION THROUGH ITS ELEMENTARY SCHOOL AND UNIVERSITY.
Describe the Organization's Program Activity:
BJU SERVES APPROXIMATELY 2500 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 PREMIUMLEARNING 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.
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).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Pettit Chief Executive Officer | OfficerTrustee | 40 | $170,193 |
John Matthews VP Advancement/alumni Rela | Officer | 40 | $91,903 |
Gary Weier Evp Academic Affairs | Officer | 40 | $91,420 |
Alan Benson VP Student Development And | Officer | 40 | $89,828 |
Kevin Taylor Chief Hr Officer | Officer | 40 | $87,290 |
Steve Dickinson VP Business And Finance | Officer | 40 | $85,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Service | 5/30/22 | $6,059,491 |
Anthology Inc Software | 5/30/22 | $844,385 |
Triangle Construction Company Inc Construction | 5/30/22 | $1,515,319 |
Data Network Solutions Inc It Infrastructure | 5/30/22 | $877,262 |
Jackson Marketing Group Inc Marketing | 5/30/22 | $566,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,735 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,656,096 |
| Noncash contributions included in lines 1a–1f | $164,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,674,831 |
| Total Program Service Revenue | $75,096,780 |
| Investment income | $1,005,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,921,475 |
| Net Rental Income | $463,670 |
| Net Gain/Loss on Asset Sales | -$1,073,599 |
| Net Income from Fundraising Events | $1,664 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $694,420 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,816,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,929,644 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $766,245 |
| Compensation of current officers, directors, key employees. | $153,942 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,675,013 |
| Pension plan accruals and contributions | $366,525 |
| Other employee benefits | $10,815,924 |
| Payroll taxes | $1,972,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,190 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,286 |
| Fees for services: Other | $3,019,206 |
| Advertising and promotion | $1,324,182 |
| Office expenses | $3,084,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,862,336 |
| Travel | $1,888,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,177,447 |
| Insurance | $975,858 |
| All other expenses | $2,228,810 |
| Total functional expenses | $104,414,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,944,307 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,544,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,240,517 |
| Inventories for sale or use | $235,096 |
| Prepaid expenses and deferred charges | $915,433 |
| Net Land, buildings, and equipment | $146,865,408 |
| Investments—publicly traded securities | $18,156,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,000,000 |
| Other assets | $2,903,812 |
| Total assets | $212,805,172 |
| Accounts payable and accrued expenses | $7,534,596 |
| Grants payable | $0 |
| Deferred revenue | $2,009,853 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,314,637 |
| Total liabilities | $10,859,086 |
| Net assets without donor restrictions | $177,925,860 |
| Net assets with donor restrictions | $24,020,226 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $212,805,172 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bju Inc has recieved totaling $932,010.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: HEALTH AND SCIENCE SUPPORT, NURSING PROGRAM SUPPORT | $500,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $232,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $120,505 |
South Carolina Independent Colleges And Universities Inc Columbia, SC PURPOSE: HIGHER EDUCATION | $37,406 |
South Carolina Research Authority columbia, SC PURPOSE: Academic Matching | $15,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $12,500 |
Endowment Analysis
| Beg. Balance | $19,859,233 |
| Earnings | -$1,797,360 |
| Net Contributions | $876,715 |
| Other Expense | $951,700 |
| Ending Balance | $17,986,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bju Inc Greenville, SC | $212,805,172 | $107,816,368 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |