Page 26 |
Hebrew Union College - Jewish Institute of Religion
2006-2007
Annual Report
7
.
3
%
2
4
.
9
%
4
9
.
8
%
3
.
1
%
1
1
.
6
%
3
.
3
%
6
.
7
%
3
7
.
6
%
1
3
.
8
%
9
.
2
%
4
.
3
%
1
2
.
5
%
1
0
.
4
%
5
.
5
%
Summary Financial Figures
*
Reform congregations, through the Union for
Reform Judaism’s proportional dues program
(
MUM), provide critically needed support each
year. HUC-JIR receives 44 percent of the MUM
dues; the remaining 56 percent goes to the URJ.
Condensed Statement of Financial Position
June 30
2007
2006
2005
Total Assets
$250,466,694
$214,776,593
$213,451,037
Total Liabilities
31,617,606
18,196,770
17,463,552
Total Net Assets
218,849,088
196,579,823
195,987,485
Total Liabilities & Net Assets
250,466,694
$214,776,593
$213,451,037
Condensed Statement of Activities
July 1, 2006-
Unrestricted
Temporarily
Permanently
Total
June 30, 2007
Restricted
Restricted
Total Operating Revenue,
Gains and Other Support
$35,824,071
$10,036,524
$3,191,007
$49,051,602
Total Operating Expenses
40,604,698
40,604,698
Nonoperating Revenue
2,469,875
11,352,486
13,822,361
Change in Net Assets
(2,310,752 )
21,389,010
3,191,007
22,269,265
Net Assets, Beginning of Year
76,855,899
31,729,113
87,994,811
196,579,823
Net Assets, End of Year
$74,545,147
$53,118,123
$91,185,818 $218,849,088
HUC-JIR Revenue 2006-2007
MUM
*
24.9%
Fund Raising
49.8%
Investment
3.1%
Tuition (Gross)
11.6%
Contracted Services
3.3%
Other
7.3%
HUC-JIR Expenses 2006-2007
Instruction
37.6%
Academic Support
13.8%
Maintenance
9.2%
Development
4.3%
Institutional Support
12.5%
Student Stipends & Scholarships 10.4%
Depreciation
5.5%
Other
6.7%