TABLE 5-4

CONSOLIDATED STATEMENTS OF ACTIVITIES AND RESOURCE UTILIZATION
FISCAL YEARS ENDED JUNE 30, 2002 THROUGH JUNE 30, 2000

REVENUE AND SUPPORT

JUNE 30, 2002

JUNE 30, 2001

JUNE 30, 2000 

Contributions

$   6,042,569

$   7,369,660

$    4,025,325

Investment Revenue (Loss) (3,622,371) 2,890,687 (3,006,937)
Other Revenue 89,833 97,292 69,389
TOTAL REVENUE AND SUPPORT

2,510,031

 10,357,639

    1,087,777

EXPENSES           
Educational and General Programs $   3,351,876 $   3,952,940 $    3,019,918
JMU Support Groups 3,000 10,700 28,000
Intercollegiate Athletics 589,550 682,093 754,387
Foundation Management 509,778 488,481 447,103
Fund Raising 69,689 119,234 68,023
TOTAL EXPENSES 4,523,893 5,253,448 4,317,431
CHANGE IN NET ASSETS (2,013,862)   5,104,191 (3,229,654)
NET ASSETS - BEGINNING 36,865,689  31,761,498 34,991,152
NET ASSETS - JUNE 30 34,851,827 36,865,689 31,761,498

*

* * *

 

RESOURCE UTILIZATION
TOTAL EXPENSES UNRESTRICTED RESTRICTED

INTER-
COLLEGIATE
ATHLETICS

TOTAL
2001-02
TOTAL
2000-01
TOTAL
1999-00
Instruction $    44,189 $   516,554 - $   560,743 $   375,715 $     277,260
Research - 28,773 - 28,773 2,737 5,193
Public Service 21,538 58,550 - 80,088 59,037 81,413
Academic Support 13,415 204,478 - 217,893 1,677,667 185,671
Student Support - 38,929 - 38,929 23,908 30,655
Institutional Support 422,805 93,968 - 516,773 361,019 562,773
Plant Operation, Maintenance 50,243 901,313 - 951,556 450,708 1,030,668
Scholarships, Fellowships 197,070 602,189 $   157,862 957,121 1,002,149 846,285
JMU Support Groups 3,000 - - 3,000 10,700 28,000
Intercollegiate Athletics - - 589,550 589,550 682,093 754,387
Foundation Management 509,778 - - 509,778 488,481 447,103
Fund Raising 54,432 1,877 13,380 69,689 119,234 68,023
TOTAL EXPENSES 1,316,470 2,446,631 760,792 4,523,893 5,253,448 4,317,431
   
SOURCE: James Madison University Foundation, Inc., Annual Report.

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