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- |
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. |