{"id":40313,"date":"2020-05-13T09:28:30","date_gmt":"2020-05-13T14:28:30","guid":{"rendered":"https:\/\/www.bemidjistate.edu\/news\/?p=40313"},"modified":"2020-05-15T11:55:56","modified_gmt":"2020-05-15T16:55:56","slug":"annual-report","status":"publish","type":"post","link":"https:\/\/www.bemidjistate.edu\/news\/2020\/05\/13\/annual-report\/","title":{"rendered":"Annual Report – Fall\/winter 2019"},"content":{"rendered":"

BSU Alumni & Foundation Endowment Progress<\/h3>\n\n\n\n\n\n\n\n\n
Year<\/td>\nRevenue<\/td>\n<\/tr>\n<\/thead>\n
2004<\/td>\n$8,225,156<\/td>\n<\/tr>\n
2009<\/td>\n$8,860,204<\/td>\n<\/tr>\n
2014<\/td>\n$20,320,670<\/td>\n<\/tr>\n
2019<\/td>\n$26,549,813<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Support to BSU<\/h3>\n\n\n\n\n\n\n\n\n\n
Year<\/td>\nRevenue<\/td>\n<\/tr>\n<\/thead>\n
2015<\/td>\n$1,192,821<\/td>\n<\/tr>\n
2016<\/td>\n$1,295,431<\/td>\n<\/tr>\n
2017<\/td>\n$1,361,782<\/td>\n<\/tr>\n
2018<\/td>\n$1,401,720<\/td>\n<\/tr>\n
2019<\/td>\n$1,521,513<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Cash Revenue<\/h3>\n\n\n\n\n\n\n\n\n\n
Year<\/td>\nRevenue<\/td>\n<\/tr>\n<\/thead>\n
2015<\/td>\n$5,306,839<\/td>\n<\/tr>\n
2016<\/td>\n$4,170,704<\/td>\n<\/tr>\n
2017<\/td>\n$2,856,100<\/td>\n<\/tr>\n
2018<\/td>\n$3,671,286<\/td>\n<\/tr>\n
2019<\/td>\n$3,088,596<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Rate of Investment Return<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Year<\/td>\nAnnual Return<\/td>\n10-year Average<\/td>\n<\/tr>\n<\/thead>\n
2010<\/td>\n0.112<\/td>\n0.0391<\/td>\n<\/tr>\n
2011<\/td>\n0.100%7<\/td>\n0.0539<\/td>\n<\/tr>\n
2012<\/td>\n0.0053<\/td>\n0.0573<\/td>\n<\/tr>\n
2013<\/td>\n0.0647<\/td>\n0.0582<\/td>\n<\/tr>\n
2014<\/td>\n0.105<\/td>\n0.055<\/td>\n<\/tr>\n
2015<\/td>\n0.277<\/td>\n0.0484<\/td>\n<\/tr>\n
2016<\/td>\n-0.0302<\/td>\n0.04332<\/td>\n<\/tr>\n
2017<\/td>\n0.1139<\/td>\n0.0707<\/td>\n<\/tr>\n
2018<\/td>\n0.0643<\/td>\n0.079<\/td>\n<\/tr>\n
2019<\/td>\n0.0511<\/td>\n0.0653<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Statement of Activities – Year Ended June 30, 2018<\/h3>\n

<\/h4>\n

Support and Revenue<\/h4>\n\n\n\n\n\n\n
 <\/strong><\/td>\nWithout Donor Restrictions<\/strong><\/td>\nWith Donor Restrictions<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
Contributions & Member Dues<\/strong><\/td>\n$350,679<\/td>\n$1,469,659<\/td>\n$1,820,338<\/td>\n<\/tr>\n
Endowment Contributions<\/strong><\/td>\n–<\/td>\n$894,824<\/td>\n$894,824<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n$350,679<\/strong><\/td>\n$2,364,483<\/strong><\/td>\n$1,715,162<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
\n

Support and Revenue<\/h4>\n

 <\/strong><\/p><\/td>\n

Without Donor Restrictions<\/strong><\/td>\nWith Donor Restrictions<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
Investment Income<\/strong><\/td>\n$350,679<\/td>\n$1,469,659<\/td>\n$1,820,338<\/td>\n<\/tr>\n
Royalty Revenue<\/b><\/td>\n–<\/td>\n$894,824<\/td>\n$894,824<\/td>\n<\/tr>\n
Lease Revenue<\/strong><\/td>\n–<\/td>\n$61,087<\/td>\n$61,087<\/td>\n<\/tr>\n
Net Increase (decrease) in Cash Surrender: Value Life Insurance & Actuarial adjustment<\/strong><\/td>\n$44,768<\/td>\n–<\/td>\n$44,768<\/td>\n<\/tr>\n
Reclassification & Net Assets Release from Restriction: Administrative Assessment<\/strong><\/td>\n$640,653<\/td>\n($640,653)<\/td>\n–<\/td>\n<\/tr>\n
Reclassification & Net Assets Release from Restriction: Satisfaction of Purpose Restrictions<\/strong><\/td>\n$1,986,367<\/td>\n($1,986,367)<\/td>\n–<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n$3,520,453<\/strong><\/td>\n$457,448<\/strong><\/td>\n$3,977,901<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n
\n

Expenses<\/h4>\n<\/td>\n

Without Donor Restrictions<\/strong><\/td>\nWith Donor Restrictions<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
Program Services: Scholarships<\/td>\n$1,172,431<\/td>\n–<\/td>\n$1,172,431<\/td>\n<\/tr>\n
Program Services: Special Events and Other Services<\/td>\n$1,506,926<\/td>\n–<\/td>\n$1,506,926<\/td>\n<\/tr>\n
Total Program Services<\/strong><\/td>\n$2,679,357<\/strong><\/td>\n–<\/strong><\/td>\n$2,679,357<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n
\n

Expenses<\/h4>\n<\/td>\n

Without Donor Restrictions<\/strong><\/td>\nWith Donor Restrictions<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
Supportive Services: Management and General<\/td>\n$66,540<\/td>\n–<\/td>\n$66,540<\/td>\n<\/tr>\n
Supportive Services: Fundraising<\/td>\n$881,575<\/td>\n–<\/td>\n$766,921<\/td>\n<\/tr>\n
Total Supportive Services<\/strong><\/td>\n$948,115<\/strong><\/td>\n–<\/strong><\/td>\n$948,115<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Total Expenses<\/strong><\/td>\n$3,627,472<\/strong><\/td>\n–<\/strong><\/td>\n$3,627,472<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n
\n

Expenses<\/h4>\n<\/td>\n

Without Donor Restrictions<\/strong><\/td>\nWith Donor Restrictions<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
Increase (decrease) in Net Assets<\/td>\n($107,019)<\/td>\n$457,448<\/td>\n$350,429<\/td>\n<\/tr>\n
Net Assets, Beginning of Year<\/td>\n$4,031,678<\/td>\n$26,559,801<\/td>\n$30,591,479<\/td>\n<\/tr>\n
Net assets, End of Year<\/td>\n$3,924,659<\/td>\n$27,019,249<\/td>\n$30,941,908<\/td>\n<\/tr>\n
Total Supportive Services<\/strong><\/td>\n3,924,659<\/strong><\/td>\n$27,017,249<\/strong><\/td>\n$30,941,908<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Statement of Position<\/h3>\n

Assets<\/h4>\n\n\n\n\n\n\n\n\n\n
\n

Current Assets<\/h4>\n<\/td>\n

Total<\/strong><\/td>\n<\/tr>\n
Cash and Cash Equivalents<\/td>\n$242,120<\/td>\n<\/tr>\n
Investments<\/td>\n$3,627,798<\/td>\n<\/tr>\n
Accounts Receivable<\/td>\n–<\/td>\n<\/tr>\n
Contributions Receivable – Current<\/td>\n$817,782<\/td>\n<\/tr>\n
Prepaid Expenses<\/td>\n$9,020<\/td>\n<\/tr>\n
Total Current Assets<\/strong><\/td>\n$4,696,720<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Property and Equipment<\/td>\n$309,768<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n
\n

Other Assets<\/h4>\n<\/td>\n

Total<\/strong><\/td>\n<\/tr>\n
Contributions Receivable – Long-term<\/td>\n$1,475,265<\/td>\n<\/tr>\n
Remainder Interest in Real Estate<\/td>\n$91,943<\/td>\n<\/tr>\n
Cash Surender Value Life Insurance<\/td>\n$142,338<\/td>\n<\/tr>\n
Restricted Investments for Endowment<\/td>\n$24,372,660<\/td>\n<\/tr>\n
Total Other Assets<\/strong><\/td>\n$46,082,566<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Total Assets<\/strong><\/td>\n$31,089,054<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Liabilities and Net Assets<\/h4>\n\n\n\n\n\n\n\n
\n

Current Liabilities<\/h4>\n<\/td>\n

Total<\/strong><\/td>\n<\/tr>\n
Accounts Payable<\/td>\n$12,288<\/td>\n<\/tr>\n
Payroll Liabilities<\/td>\n$32,378<\/td>\n<\/tr>\n
Annuities Payable, Current Portion<\/td>\n$27,220<\/td>\n<\/tr>\n
Total Current Liabilities<\/strong><\/td>\n$62,886<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Long-term Liabilities, Annuities Payable, long-term portion<\/td>\n$84,260<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Total Liabilities<\/strong><\/td>\n$147,146<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Net Assets<\/h4>\n\n\n\n\n\n\n
\n

Current Liabilities<\/h4>\n<\/td>\n

Total<\/strong><\/td>\n<\/tr>\n
Without Donor Restrictions<\/td>\n$3,924,659<\/td>\n<\/tr>\n
With Donor Restrictions<\/td>\n$27,017,249<\/td>\n<\/tr>\n
Total Net <\/strong>Assets
\n<\/strong><\/td>\n		$30,941,908<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
Total Liabilities and Net Assets<\/strong><\/td>\n$31,089,054<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BSU Alumni & Foundation Annual Report, Fall\/Winter 2019.<\/p>\n","protected":false},"author":1,"featured_media":31394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[958],"tags":[],"class_list":["post-40313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazine"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/40313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/comments?post=40313"}],"version-history":[{"count":5,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/40313\/revisions"}],"predecessor-version":[{"id":40551,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/posts\/40313\/revisions\/40551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/media\/31394"}],"wp:attachment":[{"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/media?parent=40313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/categories?post=40313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bemidjistate.edu\/news\/wp-json\/wp\/v2\/tags?post=40313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}