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Hebrew Union College - Jewish Institute of Religion
2007-2008
Annual Report
6
.
2
%
2
9
.
5
%
4
2
.
3
%
7
.
4
%
1
0
.
9
%
3
.
7
%
6
.
8
%
3
6
.
1
%
1
1
.
4
%
9
.
8
%
3
.
5
%
1
8
.
2
%
8
.
8
%
5
.
4
%
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
2008
2007
2006
Total Assets
$245,182,237
$250,466,694
$214,776,593
Total Liabilities
42,616,954
31,617,606
18,196,770
Total Net Assets
202,565,283
218,849,088
196,579,823
Total Liabilities & Net Assets
$245,182,237
$250,466,694
$214,776,593
Condensed Statement of Activities
July 1, 2007-
Unrestricted
Temporarily
Permanently
Total
June 30, 2008
Restricted
Restricted
Total Operating Revenue,
Gains and Other Support
$38,535,309
$5,531,483
$3,270,842
$47,337,634
Total Operating Expenses
42,497,036
42,497,036
Nonoperating Revenue (Expense)
(10,949,686 )
(10,174,717)
(21,124,403 )
Change in Net Assets
(14,911,413 )
(4,643,234)
3,270,842
(16,283,805 )
Net Assets, Beginning of Year
74,545,147
53,118,123
91,185,818
218,849,088
Net Assets, End of Year
$59,633,734
$48,474,889
$94,456,660 $202,565,283
HUC-JIR Revenue 2007-2008
MUM
*
29.5%
Fund Raising
42.3%
Investment
7.4%
Tuition (Gross)
10.9%
Contracted Services
3.7%
Other
6.2%
HUC-JIR Expenses 2007-2008
Instruction
36.1%
Academic Support
11.4%
Maintenance
9.8%
Development
3.5%
Institutional Support
18.2%
Student Stipends & Scholarships 8.8%
Depreciation
5.4%
Other
6.8%