Nyack College

Summary

Nyack is a Christian college and seminary in Nyack, NY.


Contact information

Mailing address:
Nyack College
1 South Blvd
Nyack, NY 10960

Website: nyack.edu

Phone: 212-625-0500

Email: admissions@nyack.edu


Organization details

EIN: 131740285

CEO/President: Dr. Michael G. Scales

Chairman: Rev. Scott G. Slocum

Board size: 22

Founder: A.B. Simpson

Year founded: 1958

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Nyack seeks to exalt Jesus Christ and fulfill its mission by being: Academically Excellent, Globally Engaged, Intentionally Diverse, Personally Transforming, and Socially Relevant.


Mission statement

Nyack College, a Christian and Missionary Alliance educational institution, through its undergraduate, graduate and seminary programs, pursues its historic mission of preparing men and women to "take the whole Gospel to the whole world."


Statement of faith

We believe...There is one God, who is infinitely perfect, existing eternally in three persons: Father, Son and Holy Spirit. Jesus Christ is true God and true man. He was conceived by the Holy Spirit and born of the Virgin Mary. He died upon the cross, the just for the unjust, as a substitutionary sacrifice, and all who believe in Him are justified on the ground of His shed blood. He arose from the dead according to the Scriptures. He is now at the right hand of the Majesty on high as our great High Priest. He will come again to establish His Kingdom of righteousness and peace.

The Holy Spirit is a divine person sent to indwell, guide, teach, empower the believer, and convince the world of sin, of righteousness, and of judgment.

The Old and New Testaments, inerrant as originally given, were verbally inspired by God and are a complete revelation of His will for the salvation of man. They constitute the divine and only rule of Christian faith and practice.

Man was originally created in the image and likeness of God; he fell through disobedience, incurring thereby both physical and spiritual death. All men are born with a sinful nature, are separated from the life of God, and can be saved only through the atoning work of the Lord Jesus Christ. The portion of the impenitent and unbelieving is existence forever in conscious torment; and that of the believer, in everlasting joy and bliss.

Salvation has been provided through Jesus Christ for all men; and those who repent and believe in Him are born again of the Holy Spirit, receive the gift of eternal life, and become the children of God.

It is the will of God that each believer should be filled with the Holy Spirit and be sanctified wholly, being separated from sin and the world and fully dedicated to the will of God, thereby receiving power for holy living and effective service. This is both a crisis and a progressive experience wrought in the life of the believer subsequent to conversion.

Provision is made in the redemptive work of the Lord Jesus Christ for the healing of the mortal body. Prayer for the sick and anointing with oil are taught in the Scriptures and are privileges for the church in this present age.

The church consists of all those who believe on the Lord Jesus Christ, are redeemed through His blood, and are born again of the Holy Spirit. Christ is the Head of the Body, the Church, which has been commissioned by Him to go into all the world as a witness, preaching the Gospel to all nations.

The local church is a body of believers in Christ who are joined together for the worship of God, for edification through the Word of God, for prayer, fellowship, the proclamation of the Gospel, and observance of the ordinances of baptism and the Lord's Supper.

There shall be a bodily resurrection of the just and of the unjust; for the former, a resurrection unto life; for the latter, a resurrection unto judgment.

The second coming of the Lord Jesus Christ is imminent and will be personal, visible, and pre-millennial. This is the believer's blessed hope and is a vital truth that is an incentive to holy living and faithful service.

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating219 of 6186 of 85
Fund acquisition rating194 of 6183 of 85
Resource allocation rating57 of 6186 of 85
Asset utilization rating549 of 61869 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%2%3%4%2%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%7%5%6%12%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%93%95%94%88%93%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%91%90%90%90%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%111%112%115%101%101%
Program output ratio Program output ratio =
Program services /
Total revenue
80%101%101%104%91%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-11%-12%-15%-1%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-203%-68%-54%-4%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%9%9%10%10%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.690.670.641.081.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.816.005.914.282.502.67
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.184.163.962.732.703.18
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.662.552.184.204.203.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.390.460.240.240.29
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.711.761.643.343.382.66
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%97%90%84%59%52%
Debt ratio Debt ratio =
Debt /
Total assets
0%83%73%73%39%35%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%5%15%25%38%41%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$4,063,233$1,931,171$4,633,026$5,014,446$5,243,808
Receivables, inventories, prepaids$7,733,438$7,893,477$8,028,614$8,327,880$4,519,608
Short-term investments$2,237,044$5,077,608$10,137,957$10,028,712$9,794,892
Other current assets$0$0$0$0$0
Total current assets$14,033,715$14,902,256$22,799,597$23,371,038$19,558,308
Long-term investments$0$0$0$0$0
Fixed assets$67,527,479$70,686,828$72,296,050$27,699,931$30,126,981
Other long-term assets$2,645,974$2,517,042$2,392,701$7,347,734$2,455,262
Total long-term assets$70,173,453$73,203,870$74,688,751$35,047,665$32,582,243
Total assets$84,207,168$88,106,126$97,488,348$58,418,703$52,140,551
 
Liabilities20182017201620152014
Payables and accrued expenses$3,702,229$4,918,401$3,671,094$3,560,072$3,229,110
Other current liabilities$1,797,613$1,905,471$1,755,927$2,009,434$2,524,238
Total current liabilities$5,499,842$6,823,872$5,427,021$5,569,506$5,753,348
Debt$69,523,110$64,272,349$71,405,325$22,643,722$18,194,318
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,313,637$8,031,244$5,257,384$6,227,273$2,942,973
Total long-term liabilities$75,836,747$72,303,593$76,662,709$28,870,995$21,137,291
Total liabilities$81,336,589$79,127,465$82,089,730$34,440,501$26,890,639
 
Net assets20182017201620152014
Unrestricted($10,993,137)($4,678,587)$2,767,289$11,558,053$12,681,605
Temporarily restricted$3,581,089$3,615,682$2,994,914$3,158,101$3,497,575
Permanently restricted$10,282,627$10,041,566$9,636,415$9,262,048$9,070,732
Net assets$2,870,579$8,978,661$15,398,618$23,978,202$25,249,912
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$3,763,329$2,833,180$3,352,357$7,337,005$4,021,030
Program service revenue$47,626,829$47,948,606$49,766,201$53,371,584$55,686,264
Membership dues$0$0$0$0$0
Investment income$856,847$1,543,538$582,059$890,510$998,243
Other revenue$258,988$622,620$311,008$694,533$922,871
Total other revenue$48,742,664$50,114,764$50,659,268$54,956,627$57,607,378
Total revenue$52,505,993$52,947,944$54,011,625$62,293,632$61,628,408
 
Expenses20182017201620152014
Program services$53,177,779$53,380,741$56,295,456$56,554,326$55,554,151
Management and general$5,091,937$5,575,052$5,890,240$6,446,627$6,500,284
Fundraising$74,231$94,201$140,868$163,522$156,579
Total expenses$58,343,947$59,049,994$62,326,564$63,164,475$62,211,014
 
Change in net assets20182017201620152014
Surplus (deficit)($5,837,954)($6,102,050)($8,314,939)($870,843)($582,606)
Other changes in net assets$0$0$0$0$0
Total change in net assets($5,837,954)($6,102,050)($8,314,939)($870,843)($582,606)

Response from ministry

No response has been provided by this ministry.


History

Over one hundred and thirty years ago, God ignited an overwhelming love for people of every race and tongue in the heart of a Canadian named A.B. Simpson. In those days, Simpson was pastor of a large and affluent church in Manhattan. In response to what God was doing in his own life, Simpson urged his congregants to reach out to the immigrants who were pouring into the city. He even went so far as to bring the poor and the downtrodden into his church. When he began to do this, many in the church were less than pleased.

So in a Sunday morning sermon in 1882, Simpson declared, "I am not interested in being a respectable Christian." He left the church and began a new venture in which his burning desire to serve all people could be satisfied. He left his church to start a school in which people would be trained to take the Good News of God's love wherever this news needed to be heard. That school today is known as Nyack College.

Since its inception on the back of a Broadway stage in 1882, Nyack College has grown to become an institution of over 2,500 students pursuing a wide variety of graduate and undergraduate degrees on multiple campuses. At the heart of it all, is a burning commitment to bring the good news of God's love wherever this news needed to be heard. A.B. Simpson described this commitment as taking "the whole gospel" to "the whole world." Today, as Nyack College serves students who represent "the whole world," the result is a diverse and vibrant community unlike any other in higher education.


Program accomplishments


Needs