Bju Inc.

“The organization's Chief Financial Officer, its independent counsel, and the Finance & Audit Committee of the Board of Trustees reviewed the Form 990 prior to filing. The filed Form 990, excluding Schedule B, was provided electronically to the entire Board of Trustees concurrent with its filing.”

“The responses to conflict of interest questionnaires are reviewed and maintained to identify potential conflicts.”

“The Board, having availed itself of comparable information from other institutions of similar size and organization, believes that the compensation for the CEO is well below market and has not yet implemented a formal review process relative to the other officers.”

“During the tax year, the organization's governing documents, conflict of interest policy and financial statements were not made available to the public.”

“The organization commenced having employees and independent contractors on March 1, 2017 and does not have information to report for the calendar year (2016) ended within its tax year ended May 31, 2017.”

“Through February 28, 2017, Bob Jones University, Inc. of Greenville, SC ("BJUI"), a South Carolina not-for-profit corporation held all the operating divisions of Bob Jones University, including higher education, middle and high school programs, and elementary school programs. Effective March 1, 2017, BJUI conveyed a portion of its assets, including the operation of the higher education programs, the elementary school programs, and certain related assets (together "Gifted Assets") to BJU, Inc. ("BJU or "the University"), a South Carolina not-for-profit corporation. The assets transferred included cash, investments, property and equipment, intellectual property, student accounts receivable, student and faculty notes receivable, inventory, and prepaid expenses. Certain cash and investment balances had been maintained by BJUI as temporarily restricted and permanently restricted in accordance with donor-imposed stipulations and those cash and investment balances were conveyed to BJU, subject to the same restrictions. BJUI also transferred certain liabilities, principally obligations with respect to the terms of employment of program-related employees, and deferred revenues of its higher education programs. BJU recorded the Gifted Assets at fair market value. The fair market value of property, equipment, and intellectual property was established based upon an appraisal performed by a qualified professional services firm. The fair market value of investments was established based upon quotations obtained from national securities exchanges. The fair market value of the remaining assets received was established at the carrying values in the records of BJUI at the date of the gift because such carrying values approximated fair value due to their short maturities”

“BJU, Inc. exists to grow Christlike character in its students that is scripturally disciplined, others-serving, God-loving, Christ-proclaiming and focused above. This mission is carried out through its pre-school, elementary school, and higher education divisions. The general nature and object of the corporation shall be to conduct an institution of learning for the general education of youth in the essentials of culture and the arts and sciences, giving special emphasis to the Christian religion and the ethics revealed in the Holy Scriptures; combating all atheistic, agnostic, pagan and so-called scientific adulterations of the Gospel; unqualifiedly affirming and teaching the inspiration of the Bible (both the Old and the New Testaments); the creation of man by the direct act of God; the incarnation and virgin birth of our Lord and Savior, Jesus Christ; His identification as the Son of God; His vicarious atonement for the sins of mankind by the shedding of His blood on the cross; the resurrection of His body from the tomb; His power to save men from sin; the new birth through the regeneration by the Holy Spirit; and the gift of eternal life by the grace of God.”

“Transfer of assets from BJU SCHOLARSHIP FUND (EIN 20-2583921) 4,157,921. Transfer of assets from SCIENCE AND ENGINEERING ENDOWMENT (EIN 20-2583921) 4,427,476. Transfer of assets from GOSPEL FELLOWSHIP ASSOCIATION (EIN 57-6026183 ) 1,706,158. Rounding 2.”

“Students enroll at BJU from all US states and approximately 40 foreign countries. Therefore BJU does not use newspaper or broadcast media to solicit students with the exception of an occasional newspaper ad for a local college fair where the racially nondiscriminatory policy is included. The following nondiscriminatory statement is included in undergraduate and graduate catalogs, in print advertising and on the admissions pages of BJU's official website, www.bju.edu: "Students of any race, color, age, sex, national origin, protected disability or veteran status are admitted to all the rights, privileges, and activities generally accorded or made available to students at Bob Jones University. The University does not discriminate on the basis of race, color, age, sex, national origin, protected disability or veteran status in its administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs." The following nondiscriminatory statement is included in the student handbook, in print advertising, and on the admissions pages of Bob Jones Academy's official website, www.bobjonesacademy.net: "Students of any race, color, age, sex, national origin, or protected disability are admitted to all the rights, privileges, and activities generally accorded or made available to students at Bob Jones Academy. The Academy does not discriminate on the basis of race, color, age, sex, national origin, or protected disability in its administration of its educational policies, admissions policies, and athletic and other school-administered programs."”