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H
EBREW
U
NION
C
OLLEGE
-
J
EWISH
I
NSTITUTE OF
R
ELIGION
2002-2003
Annual Report
Instruction
Maintenance
Development
Institutional Support
Student Services
Students Stipends
and Scholarships
Acdemic Support
33.6%
19.4%
14.2%
5.9%
19.0%
1.0% 6.9%
Summary Financial Figures
CONDENSED STATEMENT OF FINANCIAL POSITION
June 30
2003
2002
2001
Total Assets
$192,821,958
$192,989,152
$190,374,688
Total Liabilities
15,648,179
9,706,138
7,450,279
Total Net Assets
177,173,779
183,229,014
182,924,409
Total Liabilities
$192,821,958
$192,989,152
$190,374,688
and Net Assets
CONDENSED STATEMENT OF ACTIVITIES
Year Ended June 30, 2003
Unrestricted
Temporarily
Permanently
Total
Restricted
Restricted
Total Operating Revenue,
Gains and Other Support
$36,132,424
$(4,468,964)
$ 5,341,749 $ 37,005,209
Total Operating (Expenses)
(37,085,312)
(37,085,312)
Nonoperating Revenue (Expense)
(5,292,240)
(457,892)
(225,000)
(5,975,132)
Change in Net Assets
(6,245,128)
(4,926,856)
5,116,749
(6,055,235)
Net Assets, Beginning of Year
88,460,680
28,505,871
66,262,463
183,229,014
Net Assets, End of Year
$82,215,552
$23,579,015
$71,379,212 $177,173,779
HUC-JIR Revenue, 2002-2003
Other
MUM
Fund Raising
Investment
Tuition
31.1%
42.6%
5.4%
13.0%
7.9%
HUC-JIR Expenses, 2002-2003