Civic Intelligence

Biola University Inc.

990 • Fiscal year 2015 • EIN 95-0549600

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 12, 2015

13800 Biola AvenueLA Mirada, CA 90639-0001

(562) 903-6000

Siviq Scores

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

Liabilities / Assets

59th percentile

0.41x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.76x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

29th percentile

$520,619

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Asset Growth

74th percentile

6.9%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

15%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Flat

$426,802,555

Flat from 2015

Net Assets

Flat

$252,390,161

Flat from 2015

Liabilities

Flat

$174,412,394

Flat from 2015

Revenue

Flat

$229,446,772

Flat from 2015

Expenses

Flat

$193,847,690

Flat from 2015

Net Income

Flat

$35,599,082

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $293,339,867Liabilities 2010: $147,311,508Net Assets 2010: $146,028,3592010Assets 2011: $315,125,099Liabilities 2011: $145,717,945Net Assets 2011: $169,407,1542011Assets 2012: $320,185,708Liabilities 2012: $140,218,284Net Assets 2012: $179,967,4242012Assets 2013: $373,391,680Liabilities 2013: $175,320,851Net Assets 2013: $198,070,8292013Assets 2014: $399,423,110Liabilities 2014: $176,115,626Net Assets 2014: $223,307,4842014Assets 2015: $426,802,555Liabilities 2015: $174,412,394Net Assets 2015: $252,390,1612015Assets 2015: $426,802,555Liabilities 2015: $174,412,394Net Assets 2015: $252,390,1612015Assets 2016: $433,994,394Liabilities 2016: $170,973,107Net Assets 2016: $263,021,2872016Assets 2017: $454,044,492Liabilities 2017: $165,343,650Net Assets 2017: $288,700,8422017Assets 2018: $460,987,574Liabilities 2018: $156,973,386Net Assets 2018: $304,014,1882018Assets 2019: $469,827,811Liabilities 2019: $157,941,378Net Assets 2019: $311,886,4332019Assets 2020: $488,716,476Liabilities 2020: $171,334,915Net Assets 2020: $317,381,5612020Assets 2021: $495,437,445Liabilities 2021: $147,326,461Net Assets 2021: $348,110,9842021Assets 2022: $465,269,884Liabilities 2022: $142,108,427Net Assets 2022: $323,161,4572022Assets 2023: $456,742,798Liabilities 2023: $135,925,564Net Assets 2023: $320,817,2342023Assets 2024: $522,436,369Liabilities 2024: $147,370,272Net Assets 2024: $375,066,0972024

Highlighted filing

2015

Assets$426,802,555
Liabilities$174,412,394
Net Assets$252,390,161

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $148,251,5162010Expenses 2011: $158,096,7282011Expenses 2012: $171,892,6862012Expenses 2013: $178,496,8652013Revenue 2014: $199,717,589Expenses 2014: $186,151,151Net Income 2014: $13,566,4382014Revenue 2015: $229,446,772Expenses 2015: $193,847,690Net Income 2015: $35,599,0822015Revenue 2015: $229,446,772Expenses 2015: $193,847,690Net Income 2015: $35,599,0822015Revenue 2016: $222,177,521Expenses 2016: $200,144,469Net Income 2016: $22,033,0522016Revenue 2017: $224,432,655Expenses 2017: $211,933,585Net Income 2017: $12,499,0702017Revenue 2018: $223,270,949Expenses 2018: $213,304,738Net Income 2018: $9,966,2112018Revenue 2019: $234,850,310Expenses 2019: $228,212,796Net Income 2019: $6,637,5142019Revenue 2020: $260,665,144Expenses 2020: $227,738,038Net Income 2020: $32,927,1062020Revenue 2021: $217,190,577Expenses 2021: $225,365,038Net Income 2021: -$8,174,4612021Revenue 2022: $249,357,478Expenses 2022: $242,679,337Net Income 2022: $6,678,1412022Revenue 2023: $223,677,013Expenses 2023: $236,112,678Net Income 2023: -$12,435,6652023Revenue 2024: $250,177,314Expenses 2024: $241,846,104Net Income 2024: $8,331,2102024

Highlighted filing

2015

Revenue$229,446,772
Expenses$193,847,690
Net Income$35,599,082
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 12, 2015
Return Version
2014v6.0
Gross Receipts
$260,833,175
Mission and Program Overview

Mission

Biola University is a private Christian university located in Southern California. For over 113 years, Biola has stood out as an institution grounded on biblically centered education, intentional spiritual development, and career preparation, where all faculty, staff and students are professing Christians. With more than 145 academic programs through its six schools, Biola offers degrees ranging from Bachelor of Arts to doctoral degree.

Biola university is a private christian university located in southern california. The mission of the university is biblically centered education, scholarship and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$158,898,510$184,344,941▲ $25,446,431
Investments in Publicly Traded Securities$129,029,900$128,365,021▼ $664,879
Cash and Non-Interest-Bearing Accounts$27,891,141$56,509,932▲ $28,618,791
Savings and Temporary Cash Investments$37,113,552$14,957,883▼ $22,155,669
Investments Program Related$10,705,051$14,222,067▲ $3,517,016
Investments Other Securities$8,426,465$8,720,999▲ $294,534
Other Notes and Loans Receivable, Net$5,023,788$5,397,108▲ $373,320
Pledges and Grants Receivable$4,361,460$3,690,715▼ $670,745
Accounts Receivable$1,568,290$2,650,608▲ $1,082,318
Prepaid Expenses and Deferred Charges$1,257,509$1,309,630▲ $52,121
Receivables From Officers Etc$1,072,491$1,007,930▼ $64,561
Inventories for Sale or Use$334,966$345,411▲ $10,445
Receivable From Disqualified Prsn$0$0→ $0
Loans From Officers Directors$0--
Total Assets$399,423,110$426,802,555▲ $27,379,445
Other Assets Total$13,739,987$5,280,310▼ $8,459,677
Liabilities
Tax Exempt Bond Liabilities$132,336,615$133,987,492▲ $1,650,877
Accounts Payable and Accrued Expenses$13,639,834$17,650,329▲ $4,010,495
Other Liabilities$12,535,917$11,577,535▼ $958,382
Deferred Revenue$10,310,752$11,197,038▲ $886,286
Mortgage Notes Payable Secured by Investment Property$7,292,508--
Total Liabilities$176,115,626$174,412,394▼ $1,703,232
Net Assets / Fund Balance
Unrestricted Net Assets$176,940,197$187,134,809▲ $10,194,612
Temporarily Rstr Net Assets$26,370,055$43,696,262▲ $17,326,207
Permanently Rstr Net Assets$19,997,232$21,559,090▲ $1,561,858
Total Net Assets Fund Balance$223,307,484$252,390,161▲ $29,082,677
Total Liabilities and Net Assets / Fund Balance$399,423,110$426,802,555▲ $27,379,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$165,313,657$69,631,518$234,945,175
Equipment$10,839,790$42,663,117$53,502,907
Other Land Buildings$1,462,590$8,843,671$10,306,261
Land$6,728,904-$6,728,904

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$105,432,228$8,859,807▲ $47,053$311,127$111,275,598
2013$87,824,443$8,650,281▲ $11,507,112$235,041$105,432,228
2012$74,454,177$8,293,758▲ $7,409,398$202,337$87,824,443
2011$69,925,592$7,131,678▼ $492,943$238,012$74,454,177
2010$55,957,775$8,914,823▲ $7,336,522$279,216$69,925,592
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT$428,292$92,327$520,619
-VP AdvancementFT$194,920$106,796$301,716
-VP, Bus and Financial AffairsFT$231,344$68,444$299,788
-Provost and Senior VPFT$228,081$37,761$265,842
-VP of University ServicesFT$192,016$33,039$225,055
-VP Enrollment ManagementFT$175,794$34,185$209,979
-Senior Director of Alumni and ParentsFT$176,777$27,359$204,136
-ProfessorPT$166,074$36,797$202,871
-Corporate LegalFT$163,399$36,702$200,101
-Assistant SecretaryFT$144,827$20,584$165,411
-VP UCM August 31, 2013-$150,000-$150,000
-VP Umc 12-1-2014FT$14,515-$14,515

Board Members and Trustees

NameTitle
-Trustee
-VP UCM August 31, 2014

Highest Paid Contractors

ContractorServicesLocationCompensation
Bon Appetit Management CompanyFood Management14730 BEACH BLVD STE 107, La Mirada, CA 90638$6,834,614
Harthorne Power SystemsGeneral Contractor16945 Camino San Bernardo, San Diego, CA 92127$658,428
Constellation NewEnergyGeneral Contractor9960 Corporate Campus Dr, Louisville, KY 40223$596,815
Juan Figueroa Electric INCGeneral Contractor12533 LAMBERT ROAD, Whittier, CA 90606-2711$197,346
Air Control Systems IncGeneral Contractor1940 S Grove Ave, Ontario, CA 91761$183,653
Revenue and Support

Revenue Composition

Contributions and Grants
$32,699,542
Program Service Revenue
$189,090,169
Investment Income
$7,344,779
Other Revenue
$312,282
All Other Contributions
$31,742,073
Change in Net Assets
$35,599,082

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded853,227$13,405,125Market value
Other Non Cash Contri Table415$26,654Market value
Other Non Cash Contri Table1,580$15,113Market value
Books and Publications-$6,343Market value
Other Non Cash Contri Table1,465$3,597Market value
Total Noncash Contributions856,687$13,456,832-

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,545,398
Revenue Not Reported on Financial Statements
$40,901,374
Revenue Not Reported on Form 990
$-6,636,906
Other Revenue Adjustments
$39,991,704
Total Revenue per Audited Statements
$181,908,492
Total Revenue per Form 990
$229,446,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$101,558,630
Other Expenses$52,035,636
Grants and Similar Amounts Paid$40,121,424
Total Fundraising Expense$3,617,625
Professional Fundraising Fees$132,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,094,899$17,240,057$1,888,838$76,223,794
Grants to Domestic Individuals$39,750,168--$39,750,168
Fees for Services Other$10,910,407$3,294,446$1,002$14,205,855
Other Employee Benefits$10,613,405$3,204,764-$13,818,169
Depreciation Depletion$7,533,116$2,274,658-$9,807,774
Interest$4,809,252$1,452,175-$6,261,427
Payroll Taxes$4,115,332$1,242,642-$5,357,974
Pension Plan Contributions$3,014,828$910,341-$3,925,169
Office Expenses$2,844,555$858,926$177,532$3,881,013
Occupancy$2,668,764$805,845$1,753$3,476,362
Travel$2,257,656$681,709$104,297$3,043,662
Current Officers, Directors, Trustees, and Key Employees$1,715,516$518,008-$2,233,524
Information Technology$1,519,919$458,946$11,251$1,990,116
Advertising$1,141,032$344,539$44,975$1,530,546
Insurance$628,552$189,794$8,559$826,905
All Other Expenses$382,489$115,494$133,040$631,023
Conferences and Meetings$369,114$111,456$7,308$487,878
Fees for Service Investment Mgmnt Fees$343,597$103,751-$447,348
Foreign Grants$371,256--$371,256
Other Expenses$211,336$63,814$73,509$348,659
Fees for Services Professional Fundraising--$132,000$132,000
Fees for Services Accounting$84,202$25,425-$109,627
Fees for Services Legal$65,409$19,751-$85,160
Total Functional Expenses$155,416,275$34,813,790$3,617,625$193,847,690

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$193,847,690
Total Expenses per Audited Statements$152,825,815
Expenses per Audited Statements$152,816,596
Expenses Not Reported on Financial Statements$41,031,094
Other Expense Adjustments$40,121,424
Expenses Not Reported on Form 990$9,219
International Activity

International Summary

Offices
0
Employees
7
Spending
$1,667,129

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad03$1,000,855
East Asia and the PacificProgram ServicesStudy Abroad01$309,938
Russia and Neighboring StatesProgram ServicesStudy Abroad00$140,624
Sub-Saharan AfricaProgram ServicesStudy Abroad00$74,756
South AsiaProgram ServicesStudy Abroad00$61,177
East Asia and the PacificProgram ServicesStudent Recruitment03$40,721
Central America and the CaribbeanProgram ServicesStudy Abroad00$39,058
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$132,000
Fundraising Gross Income$57,965
Fundraising Direct Expenses$56,684

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Touranment$99,439$27,930$6,723$21,207
BYT Fundraising$34,570$8,190$1,803$6,387
Total Events$156,371$57,965$56,684$1,281
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer (v.p.)Sales of AssetsNo$150,775

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,072,491$1,007,930▼ $64,561
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liabilities for Annuities Payable$5,806,459
Perkins Nsl$3,095,387
Asset Retirement Obligation$1,538,030
Amounts Held on Behalf of Others$1,137,659

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Municipal Finance Authority2008-03-13$94,006,015Refund of 2002 bond & reserve fund
BCA Municipal Finance Authority2013-04-25$40,189,220Construction of building and parking structure

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$94,006,015$79,711,736$0$1,806,049
B$40,189,220$0$0$488,400

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 15 DETERMINING COMPENSATION

The committee on the president to the board of trustees serves as the university's compensation committee, comprised solely of independent directors, none of which have a conflict of interest with respect to the compensation arrangements. The committee develops, consistent with the organization's philosophy and principles, the annual performance goals and the criteria to be used in determining merit increases criteria for the president (ceo) and the vice presidents. The full board reviews and validates these compensation arrangements.

Form 990, Part VI, Line 13 Whistleblower policy

Biola's Board of Trustee approved a Whistleblower Policy on September 11, 2015 and the hotline went live on February 11, 2016.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization's senior director of financial management and reporting works closely with the outside accounting firm it engages to review the return. The final draft of form 990 is reviewed by the chief financial officer. Biola posts form 990, excluding schedule b, prior to filing, on a secure web site and inform the board of trustees that it is available for their review.

Form 990, Part VI, Line 12C Conflict of interest policy

The director of human resources, in conjunction with the chief financial officer, is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the conflict of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i .e. Board members, officers and executive leadership or key employees, if any).

Form 990, Part VI, Line 19 Required documents available to the public

While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy, and financial statements be made available for public inspection, the organization makes its financial statements and conflicts of interest policy available on the university's website at www.biola.edu. The governing documents are available upon request.

Form 990, Part VII, Section A, Line 1A New Board of Trustees

Philip Paul and Dean VandeKamp were elected to the Board of Trustees in July 2014. Adam Edgerly, David Kinnaman, and Kelly Monroe-Kullberg were elected as trustee on November 24, 2014.

Filing and Contact Details

Filer

Filer Name
Biola University Inc
EIN
95-0549600
Phone
5629036000
Address
13800 BIOLA AVENUE, LA MIRADA, CA 90639-0001

Signing Officer

Name
Michael A Pierce
Title
VP Business and Financial Affairs
Signed
2015-11-12

Organization Details

Formed
1908
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
23
Employees
4,065
Volunteers
23
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 27,162,734 including grants of $ 7,012,184)(Revenue $ 33,062,572) OTHER PROGRAM SERVICES: COOK SCHOOL OF INTERCULTURAL STUDIES EXPENSES GRANTS REVENUE 9,118,972 2,354,104 11,099,643 SCHOOL OF EDUCATION EXPENSES GRANTS REVENUE 7,994,837 2,063,904 9,731,342 CROWELL SCHOOL OF BUSINESS EXPENSES GRANTS REVENUE 6,779,133 1,750,064 8,251,583 INTERTERM EXPENSES GRANTS REVENUE 1,564,505 403,884 1,904,320 SUMMER SCHOOL EXPENSES GRANTS REVENUE 1,705,288 4440,228 2,075,682 COOK SCHOOL OF INTERCULTURAL STUDIES THE PRIMARY OBJECTIVE OF THE COOK SCHOOL OF INTERCULTURAL STUDIES ARISES FROM THE MANDATE GIVEN BY THE LORD JESUS CHRIST TO MAKE DISCIPLES OF EVERY NATION BASED ON AN UNDERSTANDING OF BOTH HUMAN BEINGS AND CULTURE. THE CSICS STRIVES TO ENABLE STUDENTS TO DEMONSTRATE A KNOWLEDGE AND AN UNDERSTANDING OF HUMAN BEINGS WITHIN THEIR CULTURAL SETTING. WE FURTHER STRIVE TO ENABLE STUDENTS TO DEMONSTRATE A KNOWLEDGE AND UNDERSTANDING OF THE THEOLOGICAL, HISTORICAL, SOCIOLOGICAL ANTHROPOLOGICAL AND LINGUISTIC ISSUES ASSOCIATED WITH THE CROSS CULTURAL COMMUNICATION OF THE GOSPEL THROUGH A BROAD RANGE OF PROFESSIONS AND VOCATIONS. IT IS THE DESIRE OF THE FACULTY THAT EACH STUDENT IN THE PROGRAM WILL FIND IN THEIR PARTICULAR CAREER CHOICE THE MEANS TO EFFECTIVE CROSS CULTURAL PERSONAL MINISTRY AND EVANGELISM. IN THE UNDERGRADUATE DEPARTMENTS STUDENTS ARE EXPOSED TO THE FOUNDATIONAL CONCEPTS WITHIN ANTHROPOLOGY, CROSS-CULTURAL ENGAGEMENT, CULTURAL DIVERSITY, CROSS-CULTURAL COMMUNICATION, AND THEOLOGIZING WITHIN CULTURAL CONTEXTS. STUDENTS WORK CLOSELY WITH THEIR ADVISORS TO BUILD A PROGRAM ACCORDING TO THEIR CAREER OBJECTIVES. THEY ARE ENCOURAGED TO CHOOSE SPECIFIC CONCENTRATIONS THAT PROVIDE THE SKILLS FOR THEIR CHOSEN CAREERS, OR IN COMBINATION WITH OTHER DISCIPLINES IN THE UNIVERSITY TO COMBINE THEIR CROSS-CULTURAL SKILLS WITH PREPARATION IN BICULTURAL EDUCATION, CROSS-CULTURAL MEDIA COMMUNICATION, SOCIAL WORK, CROSS CULTURAL COUNSELING, INTERNATIONAL RELATIONS OR INTERNATIONAL BUSINESS ADMINISTRATION. IN THE GRADUATE DEPARTMENTS STUDENTS ENGAGE IN A DEEPER LEVEL OF CRITICAL ANALYSIS OF THEORIES AND PRACTICES ASSOCIATED WITH GLOBAL ISSUES, THE INTERNATIONALIZATION OF THE CHRISTIAN FAITH, THE STUDY OF CULTURES AND CULTURE CHANGE, AND THE FORMATION OF PEDAGOGICAL CONCEPTS AND PRACTICES APPROPRIATE TO CROSS-CULTURAL EDUCATIONAL THEORY AND PRACTICE. A UNIQUE FEATURE OF THE GRADUATE STUDIES DEGREES IS THE USE OF BLENDED DELIVERY SYSTEMS THAT ALLOW STUDENTS WHO ARE CURRENTLY IN WORKING CAREERS TO PURSUE THEIR DEGREES WHILE STILL REMAINING IN THEIR CAREERS. SCHOOL OF EDUCATION THE SCHOOL OF EDUCATION SERVES A DIVERSE STUDENT BODY, CONSISTING OF MORE THAN 300 UNDERGRADUATE STUDENTS (230 LIBERAL STUDIES MAJORS AND APPROXIMATELY 201 SINGLE SUBJECT MAJORS) AND 145 GRADUATE STUDENTS. OUR FULL-TIME FACULTY IS MADE UP OF OUTSTANDING PROFESSIONALS WITH DECADES OF COMBINED EXPERIENCE IN CLASSROOM AND ADMINISTRATIVE SETTINGS. AT THE UNDERGRADUATE LEVEL, THE SCHOOL OF EDUCATION IS HOME TO THE LIBERAL STUDIES MAJOR, WHICH CONSISTENTLY RANKS AMONG THE FIVE MOST POPULAR UNDERGRADUATE MAJORS AT BIOLA. AT THE GRADUATE LEVEL, THE SCHOOL OF EDUCATION OFFERS THE FLEXIBLE MASTER OF ARTS IN TEACHING (M.A. T.) AND MASTER OF ARTS IN EDUCATION (M.A.ED.) PROGRAMS, WHICH CAN BE TAKEN IN PERSON, ONLINE, OR IN COMBINATION AND CAN BE TAILORED TO MEET THE INDIVIDUAL INTERESTS OF NEW AND EXPERIENCED TEACHERS ALIKE. OUR STATE-ACCREDITED TEACHERS PREPARATION PROGRAM OFFERS TEACHING CREDENTIALS AT BOTH THE GRADUATE AND UNDERGRADUATE LEVELS IN MULTIPLE AND SINGLE SUBJECTS. WE ALSO OFFER FIVE LEVELS OF EARLY CHILDHOOD PERMITS AT THE UNDERGRADUATE AND GRADUATE LEVEL, ACCREDITED BY CCTC, AND ONE FOUR-COURSE INSTITUTION-SPONSORED ONLINE SPECIAL EDUCATION CERTIFICATE. CROWELL SCHOOL OF BUSINESS THE CROWELL SCHOOL OF BUSINESS PREPARES STUDENTS ACADEMICALLY WITH A FOUNDATIONAL BUSINESS EDUCATION WHILE NURTURING THEIR CHRISTIAN COMMITMENT THROUGH SOLID BIBLICAL INTEGRATION IN COURS

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Split Interest Agreements - 129720;

Financial Statement Notes

Schedule D, Part IV, Line 1B Agent, trustee, custodian, or other intermediary arrangement

Biola (or its designated individual) is named as administrator or successor trustee on testamentary gifts (estates or revocable living trusts.) when the agreement matures upon the death of the grantor, biola assumes its fiduciary role to marshal assets, pay expenses and distribute beneficiary payments. The administration of each arrangement may last several years until all distributions are made and the accounts are closed.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment earnings are used to underwrite the programs and administration of the university, with specific appropriations made to student aid, academic programs and facility maintenance.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The university follows asc 740, accounting for income taxes, which establishes for all entities, including pass-through entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction) and requires certain expanded tax disclosures. The open federal tax years for the university are generally tax years ended june 30, 2011 through 2015 and the open california state tax years are generally tax years ended june 30, 2012 through 2015. Management believes that no uncertain tax positions exist for the university at june 30, 2014 and 2015 and management does not anticipate a change in uncertain tax benefits in the 12 months following june 30, 2015.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Fund Raising Expense - 56684 Arrington Square Corporation Adjustment - -47465

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Student Aid - 40121424 Change in Split Interest Agreements - -129720

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising Expense - 56684 Arrington Square Corporation - -47465

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Student Aid - 40121424

Raw XML AppendixShowing 400 of 1,544 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24ASSISTANT SECRETARY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$522$147$375$250$242$8.33
2023Summary only. Only limited summary data is available for this year.$457$136$321$224$236$12.4
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$465$142$323$249$243$6.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$495$147$348$217$225$8.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$489$171$317$261$228$32.9
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$470$158$312$235$228$6.64
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$461$157$304$223$213$9.97
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$454$165$289$224$212$12.5
2016Detailed filing. Detailed filing data is available for this year.$434$171$263$222$200$22.0
2015Detailed filing. Detailed filing data is available for this year.$427$174$252$229$194$35.6
2015Summary only. Only limited summary data is available for this year.$427$174$252$229$194$35.6
2014Detailed filing. Detailed filing data is available for this year.$399$176$223$200$186$13.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$373$175$198$178
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$320$140$180$172
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$315$146$169$158
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$293$147$146$148