Nyack College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/18/2021. 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
2 Washington St
New York, NY 1004

Website: nyack.edu

Phone: 212-625-0500

Email: admissions@nyack.edu


Organization details

EIN: 131740285

CEO/President: Rajan S. Matthews

Chairman: Rev. Scott G. Slocum

Board size: 23

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

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating73 of 9402 of 112
Fund acquisition rating148 of 94217 of 112
Resource allocation rating132 of 9422 of 112
Asset utilization rating286 of 94024 of 112

This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.


Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%2%3%2%3%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%11%6%7%5%6%
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
87%89%94%93%95%94%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%91%91%91%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%131%121%111%112%115%
Program output ratio Program output ratio =
Program services /
Total revenue
81%118%109%101%101%104%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-31%-21%-11%-12%-15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%64%142%-203%-68%-54%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%9%9%9%9%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.660.700.690.670.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.745.864.946.005.914.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.643.843.464.163.962.73
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.073.783.752.552.184.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.260.270.390.460.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.862.302.541.761.643.34
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%124%108%97%90%84%
Debt ratio Debt ratio =
Debt /
Total assets
16%114%101%83%73%73%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%-37%-12%5%15%25%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,470,131$6,826,846$4,063,233$1,931,171$4,633,026
Receivables, inventories, prepaids$8,659,540$7,843,173$7,733,438$7,893,477$8,028,614
Short-term investments$2,455,572$2,347,425$2,237,044$5,077,608$10,137,957
Other current assets$0$0$0$0$0
Total current assets$13,585,243$17,017,444$14,033,715$14,902,256$22,799,597
Long-term investments$0$0$0$0$0
Fixed assets$63,465,153$64,498,547$67,527,479$70,686,828$72,296,050
Other long-term assets$2,599,110$2,584,185$2,645,974$2,517,042$2,392,701
Total long-term assets$66,064,263$67,082,732$70,173,453$73,203,870$74,688,751
Total assets$79,649,506$84,100,176$84,207,168$88,106,126$97,488,348
 
Liabilities20202019201820172016
Payables and accrued expenses$2,236,530$2,646,185$3,702,229$4,918,401$3,671,094
Other current liabilities$1,356,119$1,896,648$1,797,613$1,905,471$1,755,927
Total current liabilities$3,592,649$4,542,833$5,499,842$6,823,872$5,427,021
Debt$90,624,110$84,676,255$69,523,110$64,272,349$71,405,325
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,541,445$1,989,109$6,313,637$8,031,244$5,257,384
Total long-term liabilities$95,165,555$86,665,364$75,836,747$72,303,593$76,662,709
Total liabilities$98,758,204$91,208,197$81,336,589$79,127,465$82,089,730
 
Net assets20202019201820172016
Without donor restrictions($33,239,331)($21,168,447)($10,993,137)($4,678,587)$2,767,289
With donor restrictions$14,130,633$14,060,426$13,863,716$13,657,248$12,631,329
Net assets($19,108,698)($7,108,021)$2,870,579$8,978,661$15,398,618
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$4,211,607$3,126,612$3,763,329$2,833,180$3,352,357
Program service revenue$35,077,054$44,788,649$47,626,829$47,948,606$49,766,201
Membership dues$0$0$0$0$0
Investment income$296,510$437,865$856,847$1,543,538$582,059
Other revenue$406,471$372,859$258,988$622,620$311,008
Total other revenue$35,780,035$45,599,373$48,742,664$50,114,764$50,659,268
Total revenue$39,991,642$48,725,985$52,505,993$52,947,944$54,011,625
 
Expenses20202019201820172016
Program services$47,263,489$53,335,339$53,177,779$53,380,741$56,295,456
Management and general$4,850,553$5,404,313$5,091,937$5,575,052$5,890,240
Fundraising$91,039$85,818$74,231$94,201$140,868
Total expenses$52,205,081$58,825,470$58,343,947$59,049,994$62,326,564
 
Change in net assets20202019201820172016
Surplus (deficit)($12,213,439)($10,099,485)($5,837,954)($6,102,050)($8,314,939)
Other changes in net assets$0$0$0$0$0
Total change in net assets($12,213,439)($10,099,485)($5,837,954)($6,102,050)($8,314,939)

Compensation

NameTitleCompensation
Dr Michael G ScalesPresident$285,057
David C JenningsExec Vp/Treas.$191,193
David F TurkProvost & VP$174,170
Kenneth E BaldesTrustee$139,180
Jonathan A GatesEnglish Professor$139,032
Cornelius F SpitzerCFO$138,022
Anita L UnderwoodDean Bus & Leadrsh$128,696
Jeffrey T QuinnVP College Relatns$117,393
Dr Gary D FriesenTrustee$113,220
Dr Duane A WheelandVice Chairman$89,515
Rev Kelvin WalkerTrustee$79,139
Rev Thomas R FlandersTrustee$69,953
Rev Han Young BaekTrustee$55,122

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 8/18/2021. 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