Nyack College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com


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

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating69 of 8172 of 100
Fund acquisition rating164 of 81722 of 100
Resource allocation rating128 of 8174 of 100
Asset utilization rating219 of 81719 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%3%2%3%4%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%6%7%5%6%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%94%93%95%94%88%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%91%91%90%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%121%111%112%115%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%109%101%101%104%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-21%-11%-12%-15%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%142%-203%-68%-54%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%9%9%9%9%10%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.700.690.670.641.08
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.884.946.005.914.282.50
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.693.464.163.962.732.70
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.863.752.552.184.204.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.270.390.460.240.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.802.541.761.643.343.38
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%108%97%90%84%59%
Debt ratio Debt ratio =
Debt /
Total assets
17%101%83%73%73%39%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%-12%5%15%25%38%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$6,826,846$4,063,233$1,931,171$4,633,026$5,014,446
Receivables, inventories, prepaids$7,843,173$7,733,438$7,893,477$8,028,614$8,327,880
Short-term investments$2,347,425$2,237,044$5,077,608$10,137,957$10,028,712
Other current assets$0$0$0$0$0
Total current assets$17,017,444$14,033,715$14,902,256$22,799,597$23,371,038
Long-term investments$0$0$0$0$0
Fixed assets$64,498,547$67,527,479$70,686,828$72,296,050$27,699,931
Other long-term assets$2,584,185$2,645,974$2,517,042$2,392,701$7,347,734
Total long-term assets$67,082,732$70,173,453$73,203,870$74,688,751$35,047,665
Total assets$84,100,176$84,207,168$88,106,126$97,488,348$58,418,703
 
Liabilities20192018201720162015
Payables and accrued expenses$2,646,185$3,702,229$4,918,401$3,671,094$3,560,072
Other current liabilities$1,896,648$1,797,613$1,905,471$1,755,927$2,009,434
Total current liabilities$4,542,833$5,499,842$6,823,872$5,427,021$5,569,506
Debt$84,676,255$69,523,110$64,272,349$71,405,325$22,643,722
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,989,109$6,313,637$8,031,244$5,257,384$6,227,273
Total long-term liabilities$86,665,364$75,836,747$72,303,593$76,662,709$28,870,995
Total liabilities$91,208,197$81,336,589$79,127,465$82,089,730$34,440,501
 
Net assets20192018201720162015
Unrestricted($21,168,447)($10,993,137)($4,678,587)$2,767,289$11,558,053
Temporarily restricted$3,641,435$3,581,089$3,615,682$2,994,914$3,158,101
Permanently restricted$10,418,991$10,282,627$10,041,566$9,636,415$9,262,048
Net assets($7,108,021)$2,870,579$8,978,661$15,398,618$23,978,202
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$3,126,612$3,763,329$2,833,180$3,352,357$7,337,005
Program service revenue$44,788,649$47,626,829$47,948,606$49,766,201$53,371,584
Membership dues$0$0$0$0$0
Investment income$437,865$856,847$1,543,538$582,059$890,510
Other revenue$372,859$258,988$622,620$311,008$694,533
Total other revenue$45,599,373$48,742,664$50,114,764$50,659,268$54,956,627
Total revenue$48,725,985$52,505,993$52,947,944$54,011,625$62,293,632
 
Expenses20192018201720162015
Program services$53,335,339$53,177,779$53,380,741$56,295,456$56,554,326
Management and general$5,404,313$5,091,937$5,575,052$5,890,240$6,446,627
Fundraising$85,818$74,231$94,201$140,868$163,522
Total expenses$58,825,470$58,343,947$59,049,994$62,326,564$63,164,475
 
Change in net assets20192018201720162015
Surplus (deficit)($10,099,485)($5,837,954)($6,102,050)($8,314,939)($870,843)
Other changes in net assets$0$0$0$0$0
Total change in net assets($10,099,485)($5,837,954)($6,102,050)($8,314,939)($870,843)

Compensation

NameTitleCompensation
Dr Michael G ScalesPresident$283,289
David F TurkProvost & VP$171,289
David C JenningsExec Vp/Treas.$147,916
Jonathan A GatesEnglish Professor$137,357
Cornelius F SpitzerCFO$136,706
Dr John P StumboTrustee$135,127
Anita L UnderwoodDean Bus & Leadrsh$128,655
Kenneth E BaldesTrustee$127,323
Jeffrey T QuinnVP College Relatns$107,947
Dr Gary D FriesenTrustee$106,992
Dr Duane A WheelandVice Chairman$91,964
Rev Thomas R FlandersTrustee$69,627
Rev Han Young BaekTrustee$53,048

Compensation data as of: 6/30/2019


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 10/27/2020. To update the information below, please email: info@ministrywatch.com


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