Gordon College

Summary

Gordon College, one of the nation's premier Christian colleges, is located near Boston and combines an exceptional education with an informed Christian faith. A Gordon education offer students extraordinary access to leading-edge opportunities for intellectual, professional, and leadership development to address the increasingly complex challenges of a global society.


Contact information

Mailing address:
Gordon College
255 Grapevine Road
Wenham, MA 01984

Website: gordon.edu

Phone: 978-927-2300

Email: info@gordon.edu


Organization details

EIN: 042104258

CEO/President: Dr. D. Michael Lindsay

Chairman: Herman Smith

Board size: 28

Founder: Dr. Adoniram Judson (A.J.) Gordon

Year founded: 1941

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Our primary responsibility is to prepare students for the long haul, to make them spiritually, intellectually, relationally and professionally ready for a lifetime of growth-from the first job out of college and beyond, into fields not yet existing. In a time when individuals are likely to switch occupations (not just employers) over the course of a career, a strong liberal arts education offers flexibility and agility.


Mission statement

Gordon College strives to graduate men and women distinguished by intellectual maturity and Christian character, committed to lives of service and prepared for leadership worldwide. Our Mission: Timeless-and Timely.


Statement of faith

The 66 canonical books of the Bible as originally written were inspired of God, hence free from error. They constitute the only infallible guide in faith and practice. A careful translation, such as the New International Version, is sufficiently close to the original writings in text and meaning to be entitled to acceptance as the Word of God. There is one God, the Creator and Preserver of all things, infinite in being and perfection. He exists eternally in three persons: the Father, Son and Holy Spirit, Who are of one substance and equal in power and glory. Humankind, created in the image of God, through disobedience fell from a sinless state at the suggestion of Satan. This fall plunged humankind into a state of sin and spiritual death, and brought upon the entire race the sentence of eternal death. From this condition humankind can be saved only by the grace of God, through faith, on the basis of the work of Christ and by the agency of the Holy Spirit. The eternally preexistent Son became incarnate without a human father by being born of Mary, the virgin. Thus, in the Lord Jesus Christ, divine and human natures were united in one Person, both natures being whole, perfect and distinct. To effect salvation He lived a sinless life and died on the cross as the sinner's substitute, shedding His blood for the remission of sins. On the third day He rose again in the body which had been laid in the tomb. He ascended to the right hand of the Father, where He performs the ministry of intercession. He will come once again, personally and visibly, to complete His saving work and to consummate the eternal plan of God. The Holy Spirit is the Third Person of the Triune God. He applies to humankind the work of Christ. By justification and adoption, humankind is given a right standing before God. By regeneration, sanctification and glorification, humankind's nature is renewed. The believer, having turned to God in penitent faith in the Lord Jesus Christ, is accountable to God for living a life separated from sin and characterized by the fruit of the Spirit. It is the responsibility of the believer to contribute by word and deed to the universal spread of the gospel. At the end of the age, the bodies of the dead shall be raised. The righteous shall enter into full possession of eternal bliss in the presence of God and the wicked shall be condemned to eternal death.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating436 of 72558 of 87
Fund acquisition rating704 of 72684 of 87
Resource allocation rating304 of 72639 of 87
Asset utilization rating214 of 72522 of 87

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%46%12%29%30%34%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%6%4%4%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%13%29%12%10%10%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%6%5%4%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%87%71%88%90%90%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%86%87%88%87%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%101%79%97%99%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%87%69%86%86%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-1%21%3%1%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-1%25%3%1%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%8%9%10%9%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.650.620.750.740.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.013.793.366.285.865.62
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.472.104.744.353.92
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.268.3311.185.746.165.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.120.090.170.160.19
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.034.285.212.092.312.49
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%32%33%42%42%43%
Debt ratio Debt ratio =
Debt /
Total assets
18%24%24%31%32%33%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%104%108%76%78%82%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,368,036$2,011,281$767,669$1,405,198$3,030,035
Receivables, inventories, prepaids$26,484,119$30,791,539$9,146,676$10,045,182$9,575,070
Short-term investments$10,508,622$10,055,033$8,832,002$8,814,526$8,972,907
Other current assets$0$0$0$0$0
Total current assets$38,360,777$42,857,853$18,746,347$20,264,906$21,578,012
Long-term investments$49,034,194$42,858,338$35,864,297$34,105,533$34,423,933
Fixed assets$55,116,837$57,403,148$62,206,409$63,514,514$63,142,889
Other long-term assets$2,700,944$704,900$916,877$967,371$2,030,402
Total long-term assets$106,851,975$100,966,386$98,987,583$98,587,418$99,597,224
Total assets$145,212,752$143,824,239$117,733,930$118,852,324$121,175,236
 
Liabilities20182017201620152014
Payables and accrued expenses$2,791,846$1,541,178$1,285,947$1,248,100$2,541,170
Other current liabilities$1,811,159$2,291,344$1,977,674$2,043,437$1,460,830
Total current liabilities$4,603,005$3,832,522$3,263,621$3,291,537$4,002,000
Debt$34,724,827$34,210,719$36,428,919$38,070,440$39,520,297
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$7,079,901$8,744,556$10,277,663$8,894,397$8,720,525
Total long-term liabilities$41,804,728$42,955,275$46,706,582$46,964,837$48,240,822
Total liabilities$46,407,733$46,787,797$49,970,203$50,256,374$52,242,822
 
Net assets20182017201620152014
Unrestricted$24,292,138$26,416,028$25,287,215$25,880,027$26,332,523
Temporarily restricted$25,718,107$24,442,622$14,453,029$16,616,294$17,607,526
Permanently restricted$48,794,774$46,177,792$28,023,483$26,099,629$24,992,365
Net assets$98,805,019$97,036,442$67,763,727$68,595,950$68,932,414
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$11,748,236$33,469,811$11,216,669$9,284,257$8,552,250
Program service revenue$78,751,960$77,849,880$79,247,541$77,738,922$74,319,684
Membership dues$0$0$0$0$0
Investment income$2,371,463$3,010,440$1,457,399$2,003,239$1,671,872
Other revenue$519,147($147,700)($840,582)$134,492$6,042
Total other revenue$81,642,570$80,712,620$79,864,358$79,876,653$75,997,598
Total revenue$93,390,806$114,182,431$91,081,027$89,160,910$84,549,848
 
Expenses20182017201620152014
Program services$81,485,743$78,407,415$77,885,238$76,776,855$74,186,359
Management and general$7,657,058$7,368,112$7,679,417$8,600,015$7,475,553
Fundraising$5,424,721$4,056,392$3,201,863$2,800,677$2,915,842
Total expenses$94,567,522$89,831,919$88,766,518$88,177,547$84,577,754
 
Change in net assets20182017201620152014
Surplus (deficit)($1,176,716)$24,350,512$2,314,509$983,363($27,906)
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,176,716)$24,350,512$2,314,509$983,363($27,906)

Compensation

NameTitleCompensation
D Michael LindsayPresident$420,609
Paul EdwardsSenior Vice President for Advancement$306,245
Richard SweeneyVice President for Marketing & Strategic Communications$209,454
Daniel TymannExecutive Vice President$194,668
Michael AhearnVice President for Finance and Administration$190,165
Janel CurryProvost$176,817
Jennifer JukanovichVice President for Student Life$155,188
Sean ClarkProfessor of Kinesiology$152,474
David LeeProfessor of Physics$138,724
Janet ArndtDirector of Graduate Program and Associate Professor$133,165

Compensation data as of: 6/30/2018


Response from ministry

No response has been provided by this ministry.


History

Gordon College was founded in 1889 under the name Boston Missionary Training School. It is named for its founder, the Rev. Dr. Adoniram Judson (A. J.) Gordon, pastor of Boston's Clarendon Street Church and a prominent clergyman of the late 1800s. Within 30 years, Gordon grew well beyond the facilities it had used in various locations in Boston and in Newton, Massachusetts, as its student body expanded. The College then moved to the Fenway section of Boston, into a facility that was financed through a very generous gift given by Martha Frost. Our growth soon surpassed even the Fenway facilities. In the late 1940s, James Higginbotham, a student pastor at Gordon Divinity School, approached Frederick Prince about selling his well endowed Wenham estate to Gordon. Impressed by Higginbotham, Prince sold the 1,000-acre estate to Gordon for a very small sum and donated a large sum to construct what would become the Prince Memorial Chapel. In 1955, Gordon moved to Wenham, Massachusetts, selling its old facilities to Wentworth Institute of Technology (WIT). The College and associated divinity school flourished on Boston's North Shore. In 1970, the divinity school separated from the college and merged with the Conwell School of Theology (formerly in Philadelphia). The merged schools settled about two miles from the Gordon College campus, forming the Gordon-Conwell Theological Seminary in South Hamilton, Massachusetts. Though they share a common heritage, the college and seminary are no longer formally linked. In 1985, Gordon merged with Barrington College (formerly in Barrington, Rhode Island); the combined school retained the name of Gordon College. At the merger, Barrington's distinguished history of Christian service and faithfulness became a part of Gordon's history. Both schools shared a common vision for Christian higher education, ministry, and service that made a merger of the institutions sensible for both schools. Gordon has worked to integrate Barrington's tradition and history into its own.


Program accomplishments

Gordon continues to be recognized for its commitment to educational excellence and its financial value. Gordon is one of the few Christian colleges to be included in both the Princeton Review's Best 380 Colleges and the US News and World Report's Best National Liberal Arts Colleges. Quality and value: these are the hallmarks of a wise investment with longstanding benefits. Many schools can tout one or the other, but rare is the institution that offers both.


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