[flamesfan30]

uhh guys?


this is from TODAY:
http://www2.newsadvance.com/news/2012/j ... r-2075911/

In 2006-07, the university’s net assets were $150 million, according to the 990 tax form, which non-profits must file annually with the IRS. Driven by a growing student body and influx of tuition dollars, Liberty’s net assets grew to $637 million by 2010-11, the most recent 990 available from the IRS.

As of June, Liberty officials said the school had about $860 million in net assets and expects that number to exceed $1 billion by year’s end — a major milestone for the university.

“We’ve grown so fast that we can’t spend it fast enough,” LU Chancellor Jerry Falwell Jr. said.

plus this:
http://www2.newsadvance.com/news/2012/j ... r-2075920/

Liberty is operating like a for-profit school … but without some of the pitfalls,” he said, pointing to LU’s comparatively high graduation rates and low student loan default rates.

“That’s sort of the secret as to why Liberty’s finances have done what they’ve done.”

boom.

[rogers3]

uhh guys?


this is from TODAY:
http://www2.newsadvance.com/news/2012/j ... r-2075911/

In 2006-07, the university’s net assets were $150 million, according to the 990 tax form, which non-profits must file annually with the IRS. Driven by a growing student body and influx of tuition dollars, Liberty’s net assets grew to $637 million by 2010-11, the most recent 990 available from the IRS.

As of June, Liberty officials said the school had about $860 million in net assets and expects that number to exceed $1 billion by year’s end — a major milestone for the university.

“We’ve grown so fast that we can’t spend it fast enough,” LU Chancellor Jerry Falwell Jr. said.

plus this:
http://www2.newsadvance.com/news/2012/j ... r-2075920/

Liberty is operating like a for-profit school … but without some of the pitfalls,” he said, pointing to LU’s comparatively high graduation rates and low student loan default rates.

“That’s sort of the secret as to why Liberty’s finances have done what they’ve done.”

boom.

So how about figuring out what cash and CE looks like after you remove hard assets from the net. That is what logic and I have been going back and forth on. Included, would be the assessed value of the campus and the fair market value of investment real estate. Net assets should in no way be construed as cash in hand.

[flamesfan30]

i guess ill just quote more of the articles then.

This growth in both programs has caused a spike in revenue from tuition and fees, which account for the largest chunk of Liberty’s revenue. In 2010-11, for example, Liberty earned more than $535 million in tuition and fees, which in turn comprised about 85 percent of Liberty’s total revenue, according to the 990 tax form. The rest comes from sources like room and board, campus concessions and student fees.

Until recently, Liberty’s assets were mostly sitting in cash reserves.

Over the past year, Liberty has worked with an assets management firm in New York City, Permanens Capital, to lay the groundwork for converting those cash reserves into low-risk investments. Permanens chief investment officer John Regan said that since Liberty is a young school, the administration is not bound to a "legacy way of doing things."

“Falwell is a very prudent chancellor of the university and he's very aware that with the growth Liberty’s had, you really have to protect it," Regan said.

[rogers3]

Like I was saying, LU has alot of cash... to the tune of 560M, and most of their assets- around two thirds is in cash. SO... we do not have a billion dollars in cash. They do count all the propertty as assets, which is included inthe 250M of investments... Google "fair market value."

[logic]

JFJR

Just to clarify, Liberty's cash and investments is running about the same as our net assets and should also top $1B in this calendar year or very early in the new year. As of June 30, 2012, net assets will be above $860M and cash and investments will be around $840M. Gross assets will be over $1.2B ...

http://www.flamefans.com/forums/viewtop ... 13&t=16740

Like I was saying, LU has alot of cash... to the tune of 560M, and most of their assets- around two thirds is in cash. SO... we do not have a billion dollars in cash. They do count all the propertty as assets, which is included inthe 250M of investments... Google "fair market value."

No, not all property assets are included in the 250 million...most likely only "for profit" assets.

"Cash and investments running at about the same as net assets." That tells me two things -

"Cash and investments" = cash/securities/bonds/for profit real estate = 840 million

"net assets" = non-profit specific buildings + land = 860 million

Gross assets (land+all buildings+cash+securities) - liabilities = 1.2 billion total

Rogers...either way you slice it, LUO is pumping in 200+ million dollars a year of....cash. I would estimate about 20 million dollars a month. So with each day that passes that we sit here arguing about it, the cash reserves go up almost a million dollars. This is after expenses....the 200 million is revenue minus expenses. 600 million revenue, 400 million expenses = roughly 200 million "profit" except we can't call it that.

We only bought Candler's Station for 16.3 million and the hotel for 9, so unless we have a lot of "for profit" property that I don't know about, a lot of that 250 million of investment is probably in securities or long term bonds. The Plaza was a gift so I have no idea how to value it. From those numbers, perhaps 35 million of the 250 is for profit real estate? I would think the rest is cash equivalents.

[rogers3]

No, not all property assets are included in the 250 million...most likely only "for profit" assets.

"Cash and investments running at about the same as net assets." That tells me two things -

"Cash and investments" = cash/securities/bonds/for profit real estate = 840 million

"net assets" = non-profit specific buildings + land = 860 million

Gross assets (land+all buildings+cash+securities) - liabilities = 1.2 billion total

Investments that have a fair market value statement attached are property only- for profit, campus, whatever. You guys need to take ACCT 101 again. What we have in the future, is open for speculation, but what we had as of June was NOT 1B in cash and CE.

No sense in debating with you over this- I've dealt with financing for over 25 years, so I understand it pretty well. If you like to LU to look more impressive by calling all the assets cash, then so be it; we both want to see LU grow. Obviously, the world outside of Lynchburg doesn't give a rip about how much LU has in assets.

[TH Spangler]

Cash and investments = 840 million
Net assets = 860 million
Gross assets = 1.2 billion
Coaches like Mike Minter = PRICELESS!

[youtube]

[/youtube]

[Purple Haize]

No, not all property assets are included in the 250 million...most likely only "for profit" assets.

"Cash and investments running at about the same as net assets." That tells me two things -

"Cash and investments" = cash/securities/bonds/for profit real estate = 840 million

"net assets" = non-profit specific buildings + land = 860 million

Gross assets (land+all buildings+cash+securities) - liabilities = 1.2 billion total

Investments that have a fair market value statement attached are property only- for profit, campus, whatever. You guys need to take ACCT 101 again. What we have in the future, is open for speculation, but what we had as of June was NOT 1B in cash and CE.

No sense in debating with you over this- I've dealt with financing for over 25 years, so I understand it pretty well. If you like to LU to look more impressive by calling all the assets cash, then so be it; we both want to see LU grow. Obviously, the world outside of Lynchburg doesn't give a rip about how much LU has in assets.

Don't worry about it. logic will just keep moving the goal posts, adding qualifiers, and saying he meant to say things he did or didn't say. LOL

[LUinPA]

Seeking wisdom on the sensitive topic of Penn State...

Now that the disciplinary action of Penn State has been made known, and putting aside the agree or disagree topic as that could be a new thread in itself, do you feel the penalties may serve to change any current landscape of Conference Realignment, exspecially within the Big 10 etc...

I don't know enough about these issues to determine if this is even a valid question.

[Sly Fox]

Uh, wow. Is anyone enjoying this dialogue?

Back to the original topic, AGS & some other boards have been chattering the past few days about Albany & Stony Brook potentially being given football invitations to the CAA this week. Allegedly that would lead to Rhode Island changes its mind and staying in the CAA.

[RVAparks]

I'm curious why they wouldn't give them an all-sports invite? Seems a little odd.

[Sly Fox]

Allegedly the league wants SBU for all sports but the Seawolves aren't anxious to go all in. Albany doesn't bring much to the table for the CAA other than placating the northern affiliates.

Supposedly the CAA doesn't have an exit fee for football affiliates which makes that status appealing for both schools. And along those lines, reportedly the CAA has no exit fee for schools pursuing FBS membership.

Stony Brook is brimming with confidence after their football & baseball runs this past year and has given every indication that they are focused on FBS membership like us.

[jlread]

I feel like they may have left out a really important mandate in the Penn state case penalties .....Requiring the Big ten to replace Penn state with a moral Nonprofit christian university in VA for football only for the next 4 years ..-

[Sly Fox]

Well played

[Sly Fox]

The CAA is having its media day on Wednesday in Baltimore with buzz surrounding a potential vote on extending invitations or possibly even accepting new members in expansion. But before the party even gets started, CAA commissioner Tom Yeager made the following statement as part of what the JMU guys call the "Wall of Silence":

“As we turn our focus to the 2012 season and the upcoming CAA Football Media Day, I wanted to provide an advance statement regarding conference expansion to minimize distractions from the more important activities of Media Day.

Even prior to the announced departures this spring, we had been quietly exploring possible membership realignments. To the extent that we can maintain the confidentiality of the discussions, we have endeavored to do so to protect the interests of all parties involved. We will continue to maintain our confidentiality and will not comment about particular institutions. In the end, we are confident that the league will continue to grow its legacy as the preeminent FCS conference in the country.

We are excited about the 2012 season and the record coverage our new national television partner the NBC Sports Network and our syndicated regional partners, the Comcast SportsNets will provide our fans, teams and student-athletes.”

Click Here for Source

[Sly Fox]

And this from down south ...

C of C takes first step toward possible move to Colonial Athletic Association
Jeff Hartsell Posted: Tuesday, July 24, 2012 11:44 a.m.
UPDATED: Tuesday, July 24, 2012 2:21 p.m.

The athletics committee of College of Charleston’s Board of Trustees discussed a move to the Colonial Athletic Association today, a first step toward a potential change of conferences for the Cougars.

The CAA “has been in contact with the College of Charleston about the College’s potential interest in joining the league,” committee chairman Dwight Johnson said in a statement. “No formal invitation has been extended by the CAA at this time.”

The athletics committee will study the issue and make a recommendation to the full board, which is next scheduled to meet on Aug. 3.

Cougars athletic director Joe Hull said there is no timeline or deadline from the CAA for College of Charleston to make a decision. He said the uncertain future of the Southern Conference and the potential for missed class time and increased travel costs in the CAA are two of many issues College of Charleston must consider.

Click Here for Full Story

[flamesfilmguy]

I don't know if most know this or not but the CAA and CAA football are two completely separate entities. Sly can probably explain it better but its prob part of why the CAA is probably going after Albany in just football. They have different exit rules.

[Sly Fox]

CAA Football is a separate entity managed by the CAA. Because of the separate nature, the $1M exit fee does not apply. But even non-football schools have vote in decisions. That's why many believe Hofstra would block Stony Brook from all sport inclusion but be fine with them as football affiliate.

[jlread]

http://www.examiner.com/article/college ... to-the-wac


BLOOM!!! I knew this wasn't a dead Idea...(.One of the guys posted this under football feasibility). If the WAC keeps football and we don't get something better soon "we will go".

[TH Spangler]

WOW!

[4everfsu]

Don't hold your breath

[bradyfan]

http://www.examiner.com/article/college ... to-the-wac


BLOOM!!! I knew this wasn't a dead Idea...(.One of the guys posted this under football feasibility). If the WAC keeps football and we don't get something better soon "we will go".

Sly -

This idea could be a complete long shot in terms of probability. However, what if we accepted an invite to the WAC, say tomorrow, but the conference never got to the 8 teams needed to remain an FBS conference, could we then become an independent? I know you can't just leap from FCS to FBS and be an independent, but this way we actually would have joined a conference then have no home. Don't judge my grammar on this, I'm watching my two year old brother as I'm typing.

[jlread]

That's exactly what im thinking! We accept it workouts great! A few teams bail it doesn't workout great! We were victim of circumstances they can't change their policy with out legal friction from us. We go independent (big deal tough scheduling.. we've got our own TV station) we watch the dollars roll in from both directions. Woopty doooo boise state an Idaho and NMSU all crying about how hard being independent is.....Guess what were not based out of some remote Location south of Patagonia. Geographically when you look at density of schools within 500 miles were a MILLION times better off then Notre Dame..

PS: my smart phones not so smart I ment BOOM not Bloom earlier

[jbock13]

Good sakes guys. That story says nothing different than what we already know. Calm down.

[jlread]

Ok I admit I drank a 16 oz red bull after my coffee this morning! But I still think the Wac would be a sweet move especially if it collapsed and we ran wild as independents upsetting 1-2 big schools in the ACC and SEC each year hahahaha need.... more.... redbull