Finance Institution: Southwestern Christian University (207856) User ID: P Overview

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1 Overview Finance Finance Overview Purpose The purpose of the IPEDS Finance component is to collect basic financial information from items associated with the institution's General Purpose Financial Statements. There are changes made to the Finance data collection from the collection. The finance form for private for-profit schools have been revised to make it more comparable with the finance public and private not-forprofit forms. Resources: To download the survey materials for this component: Survey Materials To access your prior year data submission for this component: Reported Data If you have questions about completing this survey, please contact the IPEDS Help Desk at

2 Finance - Private not-for-profit institutions and Public institutions using FASB standards FASB-Reporting Institutions General Information - Fiscal Year and Audit To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details and references. 1. Fiscal Year Calendar This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most recent fiscal year ending before October 1, 2014.) Beginning: month/year (MMYYYY) Month: 7 Year: 2013 And ending: month/year (MMYYYY) Month: 6 Year: Audit Opinion Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based on the audit of that entity.) Unqualified Qualified (Explain in box Don't know (Explain in box below) below) 3. Does this institution or any of its foundations or other affiliated organizations own endowment assets? Yes (report endowment assets) No 4. Intercollegiate Athletics If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or treated as student services? Auxiliary enterprises Student services Does not participate in intercollegiate athletics Other (specify in box below) 5. Does your institution account for Pell grants as pass through transactions (a simple payment on the student's account) or as federal grant revenues to the institution? Pass through (agency) Federal grant revenue Does not award Pell grants

3 Part A - Statement of Financial Position, Page 1 If your institution is a parent institution then the amounts reported in Parts A and B should include ALL of your child institutions Line No. Assets, Liabilities, and Net Assets Current year amount Prior year amount Assets 01 Long-term investments 878, , Property, plant, and equipment, net of accumulated 7,411,125 4,389,069 depreciation 20 Intangible assets, net of accumulated amortization Total assets 9,729,359 6,853,164 Liabilities 03 Total liabilities 2,348,465 4,715,350 03a Debt related to Property, Plant, and Equipment 4,463,647 1,597,865 Net assets 04 Unrestricted net assets 3,763,841 3,516, Total restricted net assets 1,250, ,804 05a Permanently restricted net assets 937, ,635 05b Temporarily restricted net assets 312,828 58, Total net assets (CV=A04+A05) 5,014,009 4,504,699

4 Part A - Statement of Financial Position, Page 2 Ending Line Plant, Property and Equipment balance Prior year Ending balance No. 11 Land and land improvements 336, , Buildings 8,138,129 4,935, Equipment, including art and library collections 1,264,047 1,294, Construction in Progress Other Total Plant, Property, and Equipment 9,739,079 6,566,945 CV=[(A11+...A16)] 18 Accumulated depreciation 2,327,954 2,177, Property, Plant, and Equipment, net of accumulated depreciation (from A19) 7,411,125 4,389,069

5 Part B - Summary of Changes in Net Assets Line No. Revenues, Expenses, Gains and Losses Current year amount Prior year amount 01 Total revenues and investment return 8,098,613 6,659, Total expenses 7,589,303 6,512, Other specific changes in net assets 0 0 CV=[B04-(B01-B02)] 04 Change in net assets 509, , Net assets, beginning of year 4,504,699 4,357, Adjustments to beginning of year net 0 0 assets CV=[B07-(B04+B05)] 07 Net assets, end of year (from A06) 5,014,009 4,504,699

6 Part C - Scholarships and Fellowships DO NOT REPORT FEDERAL DIRECT STUDENT LOANS (FDSL) ANYWHERE IN THIS SECTION Line No. Scholarships and Fellowships Current year amount Prior year amount 01 Pell grants (federal) 2,154,023 1,874, Other federal grants Do NOT include FDSL amounts 13,227 21, State grants 372, , Local grants (government) 30,764 25, Institutional grants (funded) 31,130 30, Institutional grants (unfunded) 2,410,759 1,583, Total scholarships and fellowships 5,012,844 3,873,041 CV=[C C06] 08 Allowances (scholarships) applied to tuition and fees 2,441,890 1,614, Allowances (scholarships) applied to auxiliary enterprise revenues 0 0

7 Part D - Revenues and Investment Return Line No. Source of Funds Total Unrestricted Temporarily Permanently Prior Year Total Amount Amount restricted restricted 01 Tuition and fees (net of allowance 5,893,336 5,893, ,993,191 reported in Part C, line 08) Government Appropriations 02 Federal appropriations State appropriations Local appropriations Government Grants and Contracts 05 Federal grants and contracts (Do not 65,353 65, ,976 include FDSL) 06 State grants and contracts Local government grants and contracts Private Gifts, Grants and Contracts 08 Private gifts, grants and contracts 263,064 78, ,801 7, ,951 08a Private gifts 263,064 78, ,801 7, ,693 08b Private grants and contracts , Contributions from affiliated entities 280, , ,020 Other Revenue 10 Investment return 69,911 61,423 8, , Sales and services of educational activities 12 Sales and services of auxiliary 1,152,798 1,152, ,485 enterprises (net of allowance reported in Part C, line 09) 13 Hospital revenue Independent operations revenue Other revenue 374, ,761 69, CV=[D16-(D D14)] 16 Total revenues and investment 8,098,613 7,836, ,659 7,705 6,659,553 return (from B01) 17 Net assets released from restriction 0-304, , Net total revenues, after assets 8,098,613 7,531, ,420 7,705 6,659,553 released from restriction month Student FTE from E Total revenues and investment return per student FTE CV=[D16/D19] 11,892 19,192

8 Part E - Expenses by Functional and Natural Classification Report Total Operating AND Non-Operating Expenses in this section Line Expenses by Functional No. Classification (1) (2) (3) (4) (5) (6) (7) (8) Total Salaries Benefits Operation and Depreciation Interest All other PY Total amount and wages maintenance of Amount plant 01 Instruction 2,555,107 1,882, , ,203 38, ,475 2,057, Research Public service Academic support 1,013, , , ,203 48, , , Student services 1,500, , ,023 76,102 38, ,133 1,336, Institutional support 1,751, , , ,355 68,204 22, ,157 1,534, Auxiliary enterprises 768,247 24, ,152 8,210 85, , , Net grant aid to students (net of 0 allowances for tuition & fee and auxiliary enterprises) 09 Hospital services Independent operations Operation and maintenance of 0 188,944 32, , ,936 0 plant (see instructions) 12 Other expenses CV=[E13-(E E11)] Total expenses 7,589,303 3,809, , ,077 2,783,756 6,512,782 (from B02) 108,065 Prior year total expenses 6,512,782 3,238, , ,434 47,439 2,509, month Student FTE from E Total expenses per student FTE CV=[E13/E14] 11,144 18,769

9 Part H - Value of Endowment Assets Line Value of Endowment Assets No. Market Value Prior Year Amounts Include not only endowment assets held by the institution, but any assets held by private foundations affiliated with the institution. 01 Value of endowment assets at the beginning of the fiscal year 849, , Value of endowment assets at the end of the fiscal year 878, ,202

10 Prepared by This survey component was prepared by: Keyholder SFA Contact HR Contact Finance Contact Academic Library Contact Other Name: Wallace Hamilton How long did it take to prepare this survey component? 24hours 0minutes The name of the preparer is being collected so that we can follow up with the appropriate person in the event that there are questions concerning the data. The Keyholder will be copied on all correspondence to other preparers. The time it took to prepare this component is being collected so that we can continue to improve our estimate of the reporting burden associated with IPEDS. Please include in your estimate the time it took for you to review instructions, query and search data sources, complete and review the component, and submit the data through the Data Collection System. Thank you for your assistance.

11 Summary Finance Survey Summary IPEDS collects important information regarding your institution. All data reported in IPEDS survey components become available in the IPEDS Data Center and appear as aggregated data in various Department of Education reports. Additionally, some of the reported data appears specifically for your institution through the College Navigator website and is included in your institution s Data Feedback Report (DFR). The purpose of this summary is to provide you an opportunity to view some of the data that, when accepted through the IPEDS quality control process, will appear on the College Navigator website and/or your DFR. College Navigator is updated approximately three months after the data collection period closes and Data Feedback Reports will be available through the Data Center and sent to your institution s CEO in November Please review your data for accuracy. If you have questions about the data displayed below after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at: or ipedshelp@rti.org. Core Revenues Revenue Source Reported values Percent of total core revenues Core revenues per FTE enrollment Tuition and fees $5,893,336 85% $8,654 Government grants and contracts $65,353 1% $96 Private gifts, grants, and contracts $263,064 4% $386 Investment return $69,911 1% $103 Other core revenues $654,151 9% $961 Total core revenues $6,945, % $10,199 Total revenues $8,098,613 $11,892 Other core revenues include government appropriations (federal, state, and local), contributions from affiliated entities; sales and services of educational activities; and other sources. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Core Expenses Expense function Reported values Percent of total core expenses Core expenses per FTE enrollment Instruction $2,555,107 37% $3,752 Research $0 0% $0 Public service $0 0% $0 Academic support $1,013,704 15% $1,489 Institutional support $1,751,470 26% $2,572 Student services $1,500,775 22% $2,204 Other core expenses $0 0% $0 Total core expenses $6,821, % $10,016 Total expenses $7,589,303 $11,144 Other core expenses include net grant aid to students, net of discounts and allowances, and other expenses. Core expenses exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. Calculated value FTE enrollment 681 The full-time equivalent (FTE) enrollment used in this report is the sum of the institution s FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12- month instructional activity (credit and/or contact hours). All doctor s degree students are reported as graduate students.

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13 Edit Report Finance Southwestern Christian University (207856) Source Description Severity Resolved Options Screen: Statement of financial position (1) Screen Entry The amount reported is outside the expected range of between 1,174,233 and 3,522,697 when compared with the prior year value. Please correct your data or explain. (Error #5301) Explanation Yes Reason: A new dormitory and convention center were purchased during this fiscal year. Screen: Expenses Screen Entry The amount reported is outside the expected range of between 23,720 and 71,158 when compared with the prior year value. Please correct your data or explain. (Error #5301) Explanation Yes Reason: The increase is due to a loan for the purchase of a new dormitory and convention center during this fiscal year.