BJU President Stephen Jones had a sober message for faculty and staff at last Friday’s regularly-scheduled faculty meeting: the school is unable to give Christmas bonuses to staff this year because of “the financial position the Lord has put us in right now.”
According to a tip we received from a person present at the meeting, Jones and other administrators have been “praying earnestly” about BJU’s finances, with Jones specifically noting that SACS requires any applicant school to show a $1,000,000 balance of income from the preceding year in order to apply. If BJU can’t meet this requirement before applying to SACS, Jones said Friday they’ll have to wait three years before attempting again.
BJU doesn’t make the details of its finances known, so piecing together what decisions put it in this situation is difficult. Two things we’ve learned in the last few days: BJU lost hundreds of thousands of dollars last year on its new sports program, and its enrollment continues to drop.