Civic Intelligence

Bju Scholarship Fund

990 • Fiscal year 2017 • EIN 20-2583921

Jun 01, 2016 to May 31, 2017 • Filed on Apr 09, 2018

PO Box 34555Greenville, SC 29614-0001

(864) 242-5100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.03x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

65th percentile

8.9%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

1st percentile

-91%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-7.9%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$443,758

Down $4,469,202 (-91%) from 2016

Net Assets

Down

$314,235

Down $4,454,344 (-93%) from 2016

Liabilities

Down

$129,523

Down $14,858 (-10%) from 2016

Revenue

Down

$4,369,874

Down $372,359 (-7.9%) from 2016

Expenses

Down

$3,979,567

Down $982,275 (-20%) from 2016

Net Income

Up

$390,307

Up $609,916 (+278%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $2,795,816Liabilities 2011: $5,427Net Assets 2011: $2,790,3892011Assets 2012: $2,645,402Liabilities 2012: $57,628Net Assets 2012: $2,587,7742012Assets 2013: $3,015,895Liabilities 2013: $74,702Net Assets 2013: $2,941,1932013Assets 2014: $3,598,673Liabilities 2014: $94,675Net Assets 2014: $3,503,9982014Assets 2015: $5,541,125Liabilities 2015: $142,042Net Assets 2015: $5,399,0832015Assets 2016: $4,912,960Liabilities 2016: $144,381Net Assets 2016: $4,768,5792016Assets 2017: $443,758Liabilities 2017: $129,523Net Assets 2017: $314,2352017Assets 2018: $443,187Liabilities 2018: $129,523Net Assets 2018: $313,6642018Assets 2019: $418,521Liabilities 2019: $119,807Net Assets 2019: $298,7142019Assets 2020: $407,263Liabilities 2020: $115,112Net Assets 2020: $292,1512020Assets 2021: $474,043Liabilities 2021: $119,096Net Assets 2021: $354,9472021

Highlighted filing

2017

Assets$443,758
Liabilities$129,523
Net Assets$314,235

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $515,8282011Expenses 2012: $689,5752012Revenue 2013: $656,155Expenses 2013: $669,942Net Income 2013: -$13,7872013Revenue 2014: $879,707Expenses 2014: $516,263Net Income 2014: $363,4442014Revenue 2015: $4,103,690Expenses 2015: $2,475,419Net Income 2015: $1,628,2712015Revenue 2016: $4,742,233Expenses 2016: $4,961,842Net Income 2016: -$219,6092016Revenue 2017: $4,369,874Expenses 2017: $3,979,567Net Income 2017: $390,3072017Revenue 2018: $1,583Expenses 2018: $7,115Net Income 2018: -$5,5322018Revenue 2019: $19,242Expenses 2019: $19,796Net Income 2019: -$5542019Revenue 2020: $14,018Expenses 2020: $21,090Net Income 2020: -$7,0722020Revenue 2021: $21,113Expenses 2021: $21,666Net Income 2021: -$5532021

Highlighted filing

2017

Revenue$4,369,874
Expenses$3,979,567
Net Income$390,307
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 9, 2018
Return Version
2016v3.0
Gross Receipts
$5,059,366
Mission and Program Overview

Mission

The bju scholarship fund exists to award financial aid to students with a demonstrated need that are pursuing a christian education at bob jones university. Our goal is to enable students to attend a quality christian university and shape them into leaders who can turn tomorrow's world upside down.

To raise funds for college scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,188,854--
Savings and Temporary Cash Investments$512,220$337,868▼ $174,352
Rtn Earn Endowment Incm Other Fnds$4,768,579$314,235▼ $4,454,344
Cash and Non-Interest-Bearing Accounts$213,718$105,890▼ $107,828
Land, Buildings, and Equipment, Net$4,140--
Prepaid Expenses and Deferred Charges$3,000--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,921,932$443,758▼ $4,478,174
Liabilities
Other Liabilities$144,381$129,249▼ $15,132
Accounts Payable and Accrued Expenses$8,972$274▼ $8,698
Total Liabilities$153,353$129,523▼ $23,830
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,768,579$314,235▼ $4,454,344
Total Liabilities and Net Assets / Fund Balance$4,921,932$443,758▼ $4,478,174
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan J CarperPresident/director
Rev Eric D SipeSecretary/director
A June LennonTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$3,304,662
Program Service Revenue
$0
Investment Income
$1,091,540
Other Revenue
$-26,328
All Other Contributions
$3,224,562
Change in Net Assets
$390,307

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$1,134,651Avg Trade Price
Total Noncash Contributions3$1,134,651-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,731,045
Other Expenses$148,522
Total Fundraising Expense$112,914
Professional Fundraising Fees$100,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,731,045--$3,731,045
Fees for Services Professional Fundraising--$100,000$100,000
Advertising$58,942--$58,942
Office Expenses$22,340--$22,340
Fees for Service Investment Mgmnt Fees-$18,115-$18,115
Travel$5,895$1,705-$7,600
Fees for Services Accounting-$5,705-$5,705
Information Technology-$3,693-$3,693
Other Expenses-$2,004$12,914$2,004
All Other Expenses$748$-11,551-$-10,803
Total Functional Expenses$3,818,970$47,683$112,914$3,979,567
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$100,000
Fundraising Direct Expenses$34,493
Fundraising Gross Income$8,165

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Presidential Breakfast$8,695-$14,380-
Golf Tournament$79,570$8,165$20,113$-11,948
Total Events$88,265$8,165$34,493$-26,328
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$129,249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

THERE ARE NO COMMITTEES

Form 990, Part VI, Section B, Line 11B

The president and one other individual receives a draft copy for their approval. Questions and/or issues are resolved with the preparer prior to filing the return.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and irs form 990 are provided to the public upon written request or in person. Contact ken still at 1700 wade hampton blvd, greenville, sc.

Filing and Contact Details

Filer

Filer Name
Bju Scholarship Fund
EIN
20-2583921
Phone
8642425100
Address
PO BOX 34555, GREENVILLE, SC 29614-0001

Signing Officer

Name
Alan J Carper
Title
President/director
Phone
8642425100
Signed
2018-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan J Carper
Formed
2005
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Martin Smith & Company Cpas Pa
Address
1212 HAYWOOD ROAD BLDG 100, GREENVILLE, SC 29615-2200
Preparer
David a Smith
Phone
8642321040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer out -4,157,921. Change in present value of annuities 15,133.

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE BJU SCHOLARSHIP FUND EXISTS TO AWARD FINANCIAL AID TO STUDENTS WITH A DEMONSTRATED NEED THAT ARE PURSUING A CHRISTIAN EDUCATION AT BOB JONES UNIVERSITY. OUR GOAL IS TO ENABLE STUDENTS TO ATTEND A QUALITY CHRISTIAN UNIVERSITY AND SHAPE THEM INTO LEADERS WHO CAN TURN TOMORROW'S WORLD UPSIDE DOWN.
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IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt03312827
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt03312827
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0BOB JONES UNIVERSITY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0100000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01700 WADE HAMPTON BLVD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0GREENVILLE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd029614
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt080100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt071405
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt08695
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034493
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PRESIDENTIAL BREAKFAST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt079570
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt088265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08165
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08165
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26328
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034493
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020113
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt014380
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0SC
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0THE FUNDRAISER RECEIVES THE FUNDS AND DEPOSITS 100% OF THE FUNDS INTO THE ORGANIZATION'S BANK ACCOUNT.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalGrossReceiptsAmt03312827
IRS990ScheduleG/TotalNetToOrganizationAmt03312827
IRS990ScheduleG/TotalRetainedByContractorsAmt0100000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03731045
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BJUSF CONSIDERS EVERY STUDENT WHO APPLIES TO BJU FOR SCHOLARSHIP AID. BJUSF GRANTS MERIT AND NEED BASED SCHOLARSHIPS THAT COVER 4 YEARS. IN THE YEAR OF APPLYING AT BJU, THE FAFSA MUST BE COMPLETED TO BE CONSIDERED FOR NEED-BASED AID. MERIT-BASED AID BASED ON ACT AND SAT SCORES AT TIME OF APPLICATION. ONCE APPROVED BY THE SELECTION PROCESS IN PLACE, A CHECK WILL BE SENT TO THE INSTITUTION THE STUDENT ATTENDS. THE CHECK IS MADE PAYABLE TO EITHER THE INSTITUTION OR THE INSTITUTION AND THE STUDENT. THIS ASSURES THAT THE CHECK IS APPLIED TO THE STUDENTS' ACCOUNT. ANNUAL AWARDS RANGE FROM $250 TO $8,000 PER STUDENT SELECTED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0AVG TRADE PRICE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01134651
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1VARIOUS MARKETABLE INVESTMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0BJU INC
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1BJU INC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-04-24
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12017-04-24
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0571088101
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1571088101
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0195183
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt13962738
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV AT TIME OF TRANSFER
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1FMV AT TIME OF TRANSFER
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01700 WADE HAMPTON BLVD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt11700 WADE HAMPTON BLVD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0GREENVILLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1GREENVILLE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0SC
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1SC
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd029614
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd129614
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND ONE OTHER INDIVIDUAL RECEIVES A DRAFT COPY FOR THEIR APPROVAL. QUESTIONS AND/OR ISSUES ARE RESOLVED WITH THE PREPARER PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND IRS FORM 990 ARE PROVIDED TO THE PUBLIC UPON WRITTEN REQUEST OR IN PERSON. CONTACT KEN STILL AT 1700 WADE HAMPTON BLVD, GREENVILLE, SC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OUT -4,157,921. CHANGE IN PRESENT VALUE OF ANNUITIES 15,133.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04921932
IRS990/TotalAssetsEOYAmt0443758
IRS990/TotalAssetsGrp/BOYAmt04921932
IRS990/TotalAssetsGrp/EOYAmt0443758
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03304662
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0112914
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047683
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03818970
IRS990/TotalFunctionalExpensesGrp/TotalAmt03979567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0153353
IRS990/TotalLiabilitiesEOYAmt0129523
IRS990/TotalLiabilitiesGrp/BOYAmt0153353
IRS990/TotalLiabilitiesGrp/EOYAmt0129523
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04768579
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0314235
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03818970
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt084451
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0980761
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04369874
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04921932
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0443758
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01705
IRS990/TravelGrp/ProgramServicesAmt05895
IRS990/TravelGrp/TotalAmt07600
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 34555
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd0296140001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.BJUSCHOLARSHIP.ORG

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