Civic Intelligence

Biola University Inc.

990 • Fiscal year 2017 • EIN 95-0549600

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

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

55th percentile

0.36x

Higher debt load relative to assets than 55% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.74x

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

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

54th percentile

5.6%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$579,462

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

40th percentile

4.6%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

1.0%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$454,044,492

Up $20,050,098 (+4.6%) from 2016

Net Assets

Up

$288,700,842

Up $25,679,555 (+9.8%) from 2016

Liabilities

Down

$165,343,650

Down $5,629,457 (-3.3%) from 2016

Revenue

Up

$224,432,655

Up $2,255,134 (+1.0%) from 2016

Expenses

Up

$211,933,585

Up $11,789,116 (+5.9%) from 2016

Net Income

Down

$12,499,070

Down $9,533,982 (-43%) from 2016

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 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

2017

Assets$454,044,492
Liabilities$165,343,650
Net Assets$288,700,842

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 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

2017

Revenue$224,432,655
Expenses$211,933,585
Net Income$12,499,070
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$256,327,235
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$195,703,351$225,828,630▲ $30,125,279
Investments in Publicly Traded Securities$131,051,411$146,712,239▲ $15,660,828
Cash and Non-Interest-Bearing Accounts$56,704,117$29,948,334▼ $26,755,783
Investments Program Related$13,343,136$12,916,635▼ $426,501
Investments Other Securities$8,318,216$8,881,987▲ $563,771
Other Notes and Loans Receivable, Net$5,407,925$7,090,959▲ $1,683,034
Pledges and Grants Receivable$5,235,343$4,946,692▼ $288,651
Savings and Temporary Cash Investments$7,586,819$4,766,662▼ $2,820,157
Accounts Receivable$1,578,732$2,742,443▲ $1,163,711
Prepaid Expenses and Deferred Charges$1,589,284$1,502,938▼ $86,346
Receivables From Officers Etc$987,040$898,992▼ $88,048
Inventories for Sale or Use$378,316$351,836▼ $26,480
Receivable From Disqualified Prsn$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$433,994,394$454,044,492▲ $20,050,098
Other Assets Total$6,110,704$7,456,145▲ $1,345,441
Liabilities
Tax Exempt Bond Liabilities$132,447,946$126,552,954▼ $5,894,992
Accounts Payable and Accrued Expenses$17,305,986$18,563,942▲ $1,257,956
Deferred Revenue$11,292,462$10,583,132▼ $709,330
Other Liabilities$9,926,713$9,643,622▼ $283,091
Total Liabilities$170,973,107$165,343,650▼ $5,629,457
Net Assets / Fund Balance
Unrestricted Net Assets$189,203,902$201,519,088▲ $12,315,186
Temporarily Rstr Net Assets$50,413,815$61,553,110▲ $11,139,295
Permanently Rstr Net Assets$23,403,570$25,628,644▲ $2,225,074
Total Net Assets Fund Balance$263,021,287$288,700,842▲ $25,679,555
Total Liabilities and Net Assets / Fund Balance$433,994,394$454,044,492▲ $20,050,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$197,954,329$92,751,650$290,705,979
Equipment$10,345,681$47,542,376$57,888,057
Land$17,528,620-$17,528,620

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$114,285,561$12,797,006▲ $13,175,547$331,196$136,572,207
2015$111,181,492$7,488,252▼ $1,240,827$249,225$114,285,561
2014$105,432,228$8,859,807▼ $47,053$311,127$111,181,492
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT$480,323$99,139$579,462
-Secretary, VP of University Operation and FinanceFT$248,352$75,239$323,591
-VP AdvancementFT$220,506$96,374$316,880
-Senior Vice President and ProvostFT$218,043$33,808$251,851
-VP of University ServicesFT$203,364$35,335$238,699
-Senior Director of Alumni and ParentsFT$213,896$21,507$235,403
-ProfessorFT$197,153$34,005$231,158
-VP Enrollment ManagementFT$187,468$34,545$222,013
-VP, Student DevelopmentFT$160,687$57,595$218,282
-VP UmcFT$181,551$36,218$217,769
-Dean of School Technology and HealthFT$187,571$22,857$210,428
-Corporate LegalPT$174,131$33,835$207,966
-Assistant SecretaryFT$153,298$22,632$175,930

Board Members and Trustees

NameTitle
-Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
CW DriverGeneral Contractor468 N Rosemead Blvd, Pasadena, CA 91107-3010$14,836,579
Bon AppetitFood Management14730 Beach Blvd Suite 107, La Mirada, CA 90638$6,913,436
Smith and Severson Builders LLCGeneral Contractor21072 Bake Pkwy Ste 106, Lake Forest, CA 92630-2180$3,255,767
Gensler and AssociatesArchitects500 S Figueroa Street, Los Angeles, CA 90071-1705$562,112
Juan Figeroua Electric IncGeneral Contractor12533 Lambert Road, Whittier, CA 90606-2711$447,701
Revenue and Support

Revenue Composition

Contributions and Grants
$29,744,183
Program Service Revenue
$195,847,632
Investment Income
$6,173,067
Other Revenue
$-7,332,227
All Other Contributions
$28,645,786
Change in Net Assets
$12,499,070

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 Traded47,495$5,031,847Market value
Other Non Cash Contri Table1$2,837,963Market value
Other Non Cash Contri Table1,363$88,137Market value
Other Non Cash Contri Table127$9,874Market value
Books and Publications-$3,407Market value
Other Non Cash Contri Table183$2,708Market value
Cars and Other Vehicles3$2,475Market value
Total Noncash Contributions49,172$7,976,411-

Audited Revenue Reconciliation

Revenue per Audited Statements
$173,747,373
Revenue Not Reported on Financial Statements
$50,685,282
Revenue Not Reported on Form 990
$13,455,430
Other Revenue Adjustments
$49,658,992
Total Revenue per Audited Statements
$187,202,803
Total Revenue per Form 990
$224,432,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,263,021
Other Expenses$54,696,981
Grants and Similar Amounts Paid$49,853,583
Total Fundraising Expense$2,659,440
Professional Fundraising Fees$120,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,056,506$18,657,891$1,701,855$80,416,252
Grants to Domestic Individuals$49,250,012--$49,250,012
Fees for Services Other$14,296,159$4,451,552$53,242$18,800,953
Other Employee Benefits$10,899,111$3,393,775-$14,292,886
Depreciation Depletion$8,060,974$2,510,033-$10,571,007
Payroll Taxes$4,310,643$1,342,252-$5,652,895
Interest$4,067,710$1,266,607-$5,334,317
Pension Plan Contributions$3,151,324$981,262-$4,132,586
Occupancy$2,754,408$857,670$91$3,612,169
Travel$2,406,960$749,482$93,254$3,249,696
Current Officers, Directors, Trustees, and Key Employees$2,078,604$647,238-$2,725,842
All Other Expenses$1,392,905$434,944$146,964$1,974,813
Information Technology$1,308,238$407,361$11,314$1,726,913
Advertising$1,264,845$393,849$66,611$1,725,305
Other Expenses$739,889$230,387$78,065$1,048,341
Office Expenses$674,433$210,005$98,550$982,988
Insurance$636,445$198,177$6,185$840,807
Foreign Grants$603,571--$603,571
Fees for Service Investment Mgmnt Fees-$534,010-$534,010
Conferences and Meetings$347,992$108,358$20,256$476,606
Fees for Services Accounting$120,588$37,549-$158,137
Fees for Services Legal$97,884$30,479-$128,363
Fees for Services Professional Fundraising--$120,000$120,000
Comp Disqual Persons-$42,560-$42,560
Total Functional Expenses$171,012,377$38,261,768$2,659,440$211,933,585

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$211,933,585
Total Expenses per Audited Statements$161,441,491
Expenses per Audited Statements$161,053,712
Expenses Not Reported on Financial Statements$50,879,873
Other Expense Adjustments$49,853,583
Expenses Not Reported on Form 990$387,779
International Activity

International Summary

Offices
0
Employees
6
Spending
$11,536,066

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsOff Shore Funds00$10,146,875
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad02$521,492
Europe (Including Iceland and Greenland),GrantsScholarships00$291,413
Russia and Neighboring States,GrantsScholarships00$273,308
East Asia and the PacificProgram ServicesStudy Abroad03$63,894
Sub-Saharan AfricaProgram ServicesStudy Abroad00$57,369
South AsiaProgram ServicesStudy Abroad00$38,372
East Asia and the PacificProgram ServicesStudent Recruitment01$29,841
Russia and Neighboring StatesProgram ServicesStudy Abroad00$27,232
Central America and the CaribbeanProgram ServicesStudy Abroad00$23,254
Central America and the Caribbean,GrantScholarships00$20,000
East Asia and the Pacific,GrantsScholarships00$18,850
Middle East and North AfricaProgram ServicesStudy Aboard00$12,867
South AmericaProgram ServicesStudy Abroad00$11,299
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$387,779
Professional Fundraising Fees$120,000
Fundraising Gross Income$61,909

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$57,420$28,130$34,092$-5,962
Campaign Tour$150,680$2,330$201,443$-199,113
Total Events$278,844$61,909$387,779$-325,870
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
-Corporation substantial owned by an officer of the University.Equipment PurchasesNo$78,963
-Daughter-in-Law of Michael A. Pierce Secertary of the BoardEmploymentNo$42,560

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$987,040$898,992▼ $88,048
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liabilities for Annuities Payable$4,814,661
Perkins Nsl$3,153,689
Asset Retirement Obligation$1,662,910
Amounts Held on Behalf of Others$12,362

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Municipal Finance Authority2008-03-13$94,006,015Refund of 2002 bond & reserve fund
CCalifornia Municipal Finance Authority2017-04-18$83,419,995Advance Refund of 2008 Bonds
BCA Municipal Finance Authority2013-04-25$40,189,220Construction of building and parking structure

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$94,006,015$89,105,586$0$1,806,049
C$83,419,995--$843,371
B$40,269,015$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
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
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, 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 1A Delegate broad authority to A committee

Executive Committee: The Board of Trustees shall appoint a permanent Committee Executive composed of the Chair, Vice-Chair and President, as ex-officio members and three or more At-Large Trustees. The Executive Committee shall have the authority to act for the Board.

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 informs 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 15A Process to establish compensation of top management official

The Independent Board of Trustees reviews and determines annually the compensation for the President. Comparing data from Association of Independent California Colleges and Universities is used in this analysis. The deliberation and decision are documented in the Board's minutes on September 8, 2016 for FY 2016-2017 in January 2017.

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.

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 Univ Operations and Finance
Signed
2018-05-09

Organization Details

Formed
1908
Legal Domicile
CA
Voting Board Members
26
Independent Board Members
24
Employees
4,000
Volunteers
25
Supplemental Narrative

Additional Explanations

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

(Expenses $ 30,231,256 including grants of $ 8,813,025)(Revenue $ 33,358,328) OTHER PROGRAM SERVICES: Christian Apologetics: This specialized graduate program (Master of Arts in Christian Apologetics) is an interdisciplinary degree that educates students to articulate and defend the great truths of the historic Christian faith from the standpoint of philosophy, history, Biblical studies, theology, and cultural studies. The Christian Apologetics department also offers special learning program and lectures for the public and churches, as well as a certificate program in the defense of the faith for lay people. Science and Religion: The Masters of Arts Degree in Science and Religion is designed to provide individuals with the essential background in theology, history, and philosophy necessary to integrate evangelical Christianity with modern science. The master's program relates to Christianity and the sciences are designed for Christian students who have basic training in a natural science. This program also offers advanced seminars that focus on current theological issues within specific scientific disciplines. COOK SCHOOL OF INTERCULTURAL STUDIES THE PRIMARY OBJECTIVE OF THE COOK SCHOOL OF INTERCULTURAL STUDIES IS TO EQUIP STUDENTS TO COMMUNICATE, LIVE, AND WORK EFFECTIVELY IN CULTURALL DIVERSE CONTEXT, TO MAKE DISCIPLES OF ALL PEOPLE, AND TO IMPACT THE WORLD FOR THE LORD JESUS CHRIST. IN DOING THIS, WE STRIVE TO ENABLE STUDENTS TO DEMONSTRATE A KNOWLEDGE AND UNDERSTANDING OF THE THEOLOGICAL, HISTORICAL, SOCIOLOGICAL, ANTHROPOLOGICAL AND LINGUISTIC ISSUES ASSOCIATED WITH THE CROSS-CULTURAL ENGAGEMENT WITHIN A BROAD RANGE OF PROFESSIONS AND VOCATIONS. IT IS THE DESIRE OF THE FACULTY THAT ALL STUDENTS IN THE SCHOOL'S PROGRAMS FIND IN THEIR VOCATION THE MEANS TO ENGAGE DIVERSE OTHERS IN A WINSOME AND CULTURALLY APPROPRIATE MANNER. THE UNDERGRADUATE DEPARTMENTS STUDENTS ARE EXPOSED TO FOUNDATIONAL CONCEPTS IN ANTHROPOLOGY, CROSS-CULTURAL ENGAGEMENT, CULTURAL DIVERSITY, CROSS-CULTURAL COMMUNICATION AND THEOLOGIZING WITHIN VARIOUS CULTURAL CONTEXTS. STUDENTS WORK CLOSELY WITH THEIR ADVISORS TO BUILD A PROGRAM ACCORDING TO THEIR VOCATIONAL 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 INTERCULTURAL EDUCATION, INTERCULTURAL COMMUNICATION, SOCIAL WORK, INTERNATIONAL RELATIONS, OR INTERNATIONAL BUSINESS ADMINISTRATION. THE GRADUATE DEPARTMENTS STUDENTS ENGAGE IN A DEEPER LEVEL OF CRITICAL ANALYSIS OF THEORIES AND PRACTICES ASSOCIATED WITH GLOBAL ISSUES, GLOBAL CHRISTIANITY, 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 FLEXIBLE DELIVERY SYSTEMS THAT ALLOW STUDENTS WHO ARE VOCATIONALLY ENGAGED TO PURSUE THEIR DEGREES WITHOUT DISRUPTING THEIR CAREERS. THE SCHOOL OF EDUCATION: The School of Education serves a diverse student body, consisting of more than 500 students: 300 undergraduate students (240 Liberal Studies majors and approximately 160 Single Subject majors) and 210 graduate students. Our full-time faculty is comprised 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 Master of Arts in Teaching (M.A.T.) and Master of Arts in Education (M.A.Ed.) Programs and can be taken in person, online, or in combination and can be tailored to meet the individual interests of new and experienced teachers alike. In 2017, we will also launch two new online graduate programs: the M.S. in Special Education an

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

Change in Split Interest Agreements - 194591; Asset Retirement Obligation - -81757;

Form 990, Part III, Line 4D Description of Other Program Services

Summer Session Summer Session provides students with the opportunity for a greater degree of flexibility in planning their total program. Students may enrich their course of study and reduce the overall time to completion or decrease their regular course load by careful selection of Summer Session courses. Visiting students find it refreshing to study in a different atmosphere and perhaps a different locale, and entering students find it helpful in gaining advanced standing. Courses may be applied to both the degree and the teaching credential programs. Instruction is offered in standard courses by the Biola faculty and capable visiting professors. Certain courses or workshops may be offered during Summer Session that are not listed in this catalog. These may be innovative courses created in response to current topics or specialized needs.

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 Financial Accounting Standard Board ("FASB") 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. Management believes that no uncertain tax positions exist for the University at June 30, 2017 and 2016 and management does not anticipate a change in uncertain tax benefits in the twelve months following June 30, 2017.

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

Fundraising Expenses - 387779

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

Scholarships - 49853583 Split-Interest Agreements - -194591

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

Fundraising Expenses - 387779

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

Student Aid - 49853583

Raw XML AppendixShowing 400 of 1,614 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/ReportableCompFromOrgAmt26157372
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27188607
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt390
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

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
2017Detailed filing. Detailed filing data is available for this year.$454$165$289$224$212$12.5
2016Detailed filing. Detailed filing data is available for this year.$434$171$263$222$200$22.0
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