Gordon College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/17/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating650 of 91385 of 111
Fund acquisition rating831 of 915104 of 111
Resource allocation rating337 of 91537 of 111
Asset utilization rating505 of 91364 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%31%7%46%12%29%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%3%6%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%14%41%13%29%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%4%6%5%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%86%59%87%71%88%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%87%86%87%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%98%67%101%79%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%86%59%87%69%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%2%33%-1%21%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%32%-1%25%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%8%9%8%8%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.450.490.650.620.75
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.732.392.033.793.366.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.081.002.472.104.74
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.086.9323.448.3311.185.74
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.140.040.120.090.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.959.4911.524.285.212.09
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%27%24%32%33%42%
Debt ratio Debt ratio =
Debt /
Total assets
16%17%18%24%24%31%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%161%154%104%108%76%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$11,095,043$1,797,627$1,368,036$2,011,281$767,669
Receivables, inventories, prepaids$52,337,849$62,486,025$26,484,119$30,791,539$9,146,676
Short-term investments$20,885,133$31,729,574$10,508,622$10,055,033$8,832,002
Other current assets$0$0$0$0$0
Total current assets$84,318,025$96,013,226$38,360,777$42,857,853$18,746,347
Long-term investments$64,225,973$43,379,688$49,034,194$42,858,338$35,864,297
Fixed assets$52,099,269$55,333,181$55,116,837$57,403,148$62,206,409
Other long-term assets$688,501$400,305$2,700,944$704,900$916,877
Total long-term assets$117,013,743$99,113,174$106,851,975$100,966,386$98,987,583
Total assets$201,331,768$195,126,400$145,212,752$143,824,239$117,733,930
 
Liabilities20202019201820172016
Payables and accrued expenses$1,654,575$2,166,729$2,791,846$1,541,178$1,285,947
Other current liabilities$10,513,653$1,929,606$1,811,159$2,291,344$1,977,674
Total current liabilities$12,168,228$4,096,335$4,603,005$3,832,522$3,263,621
Debt$33,395,328$35,152,482$34,724,827$34,210,719$36,428,919
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,577,405$8,022,086$7,079,901$8,744,556$10,277,663
Total long-term liabilities$41,972,733$43,174,568$41,804,728$42,955,275$46,706,582
Total liabilities$54,140,961$47,270,903$46,407,733$46,787,797$49,970,203
 
Net assets20202019201820172016
Without donor restrictions$31,158,374$24,269,472$24,292,138$26,416,028$25,287,215
With donor restrictions$116,032,433$123,586,025$74,512,881$70,620,414$42,476,512
Net assets$147,190,807$147,855,497$98,805,019$97,036,442$67,763,727
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$12,719,686$59,085,163$11,748,236$33,469,811$11,216,669
Program service revenue$75,404,573$81,516,737$78,751,960$77,849,880$79,247,541
Membership dues$0$0$0$0$0
Investment income$4,683,447$2,054,724$2,371,463$3,010,440$1,457,399
Other revenue$14,885$46,661$519,147($147,700)($840,582)
Total other revenue$80,102,905$83,618,122$81,642,570$80,712,620$79,864,358
Total revenue$92,822,591$142,703,285$93,390,806$114,182,431$91,081,027
 
Expenses20202019201820172016
Program services$79,559,003$83,656,971$81,485,743$78,407,415$77,885,238
Management and general$7,660,236$8,168,319$7,657,058$7,368,112$7,679,417
Fundraising$3,976,227$3,889,121$5,424,721$4,056,392$3,201,863
Total expenses$91,195,466$95,714,411$94,567,522$89,831,919$88,766,518
 
Change in net assets20202019201820172016
Surplus (deficit)$1,627,125$46,988,874($1,176,716)$24,350,512$2,314,509
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,627,125$46,988,874($1,176,716)$24,350,512$2,314,509

Compensation

NameTitleCompensation
D Michael LindsayPresident$473,832
Paul EdwardsCdo and SVP Advancement$304,702
John TruschelVP For Finance and Bd$241,247
Daniel TymannEVP and Chief of Staff$198,774
Richard SweeneyVice President For Marketing & External Relations$197,475
Janel CurryProvost$188,048
Sandra DoneskiExecutive Vice President For Academic Affairs$153,694
Alexander LowryExecutive Director, Career & Connections Institute$147,435
Jewerl MaxwellVice President For Academic Initiatives$143,330
Sean ClarkProfessor of Kinesiology$141,915
Janet ArndtAssociate Professor of Education$134,574

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/17/2020. To update the information below, please email: info@ministrywatch.com


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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