Cedarville University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/5/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1887, Cedarville is recognized nationally for its authentic Christian community, rigorous academic programs, strong graduation and retention rates, accredited professional and health science offerings, and leading student satisfaction ratings.


Contact information

Mailing address:
Cedarville University
251 N. Main St.
Cedarville, OH 45314

Website: cedarville.edu

Phone: 1-800-233-2784

Email: feedback@cedarville.edu


Organization details

EIN: 310536647

CEO/President: Thomas White

Chairman:

Board size: 26

Founder:

Year founded: 1941

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Cedarville University is equipping Christian undergraduate, graduate, and online students for godly service and vocational distinction.


Mission statement

Cedarville University is a Christ-centered learning community equipping students for lifelong leadership and service through an education marked by excellence and grounded in biblical truth.


Statement of faith

The University emphasizes faithfulness to a biblical-theological position in regard to doctrine. Each faculty member and employee (full-time and part-time) is required to sign initially, and annually thereafter, the following Doctrinal Statement as a condition of employment. The members of the Board of Trustees confirm their commitment to the University's theological foundation by signing the statement annually also.

We believe that God has revealed Himself truthfully to humans through the inspired texts of the Scriptures. These canonical texts, Old and New Testaments, are inerrant, infallible, and reliable in detail and in theological content. The Bible, as the sufficient Word of God, has authority over the church and the Christian's life and thought. As divinely inspired texts, the meaning of the biblical authors is to be discerned through careful, textual interpretation guided by the Spirit. 1 Corinthians 2:10-14; 2 Timothy 3:16,17; 2 Peter 1:19-21.

We believe in one God-eternal, all-powerful, all-knowing, and always present, existing as three Persons- Father, Son, and Spirit, one in nature, attributes, power, and glory. God will be glorified by all creation and is worthy of worship from all humans. Genesis 1:1,26; Psalm 104, 148; Proverbs 30:4; Matthew 28:19; Mark 12:29; John 1:1-4, 14, 18; Acts 5:3,4; 2 Corinthians 13:14; 1 Timothy 2:3-4.

We believe that the Son, eternally begotten by the Father, through the Spirit was also born of the virgin, Mary. Therefore, Jesus, the Son, is both fully God and fully human. As the Word made flesh, the Son is the perfect mediator between God and humanity. Proverbs 8:22-31; Isaiah 7:14; Matthew 1:18-25; Luke 1:26-35; John 1:14-18, 5:16-29; Philippians 2:6-11; 1 Timothy 2:5-6; Hebrews 1:1-14.

We believe that the Scriptures provide a literal and historical account of God's creation of all things. The climax of the six days of creation was the special, immediate and personal creation of human life. The first humans, Adam and Eve, were directly created, not evolved from previous life forms. God created humans, male and female, in His image. Human life, sexual identity and roles are aspects of God's creative design. From creation, marriage is a covenant between a man and a woman that should be marked by sexual purity, by sacrificial male leadership, and by recognizing the divine blessing of children, including preborn children. Adam and Eve, though created in perfection, sinned, warranting physical death, spiritual death, and eternal separation from God. Consequently, all human beings are born with a sinful nature, and are sinners in thought, word, and deed. Genesis 1:1-27; 2:7-25; 3:1-24; Psalm 127:3-5; Romans 1:18-32; 3:10-19; 5:12-19; Ephesians 5:22-33; Colossians 3:18-19.

We believe that the Lord Jesus Christ died for our sins according to the Scriptures as the representative and substitutionary sacrifice and rose again for our justification. Only those who repent and believe in Him are justified on the grounds of His shed blood and are saved by grace through faith wholly apart from human merit and works. Genuine believers, the elect, are the adopted children of God and are eternally secure through the work of God. John 1:12,13; 3:3-16; 5:24; 10:28,29; Acts 13:39; 16:31; Romans 3:21-28; Ephesians 1:3-14; 2:8-10; Philippians 1:6; Titus 3:3-8; 1 Peter 1:23; 2 Peter 1:4-11.

We believe that the Holy Spirit is a divine Person, equal in nature with God the Father and God the Son. The Spirit had an active role in creation and in the inspiration of the Scriptures. He convicts sinners, guides humans into truth and regenerates believers to new life, baptizes them in Christ and serves as their assurance to eternal life. Believers mature in their faith through the work of the Spirit, who produces His fruit in them. The gifts of the Spirit are for ministry to the body of Christ and the "sign gifts" are not intended to be a pattern for today. Psalm 139:7-12; John 14:16,17; 16:13,14; Romans 8:9; 1 Corinthians 6:19; 12:8-10, 28-30; 14:1-40; Galatians 5:22-23; Hebrews 2:3-4.

We believe that the local church is a gathered congregation of believers, associated by covenant, practicing self-governance, and observing the ordinances of believer's baptism by immersion and the Lord's Supper. The church is to be committed to the authority of the Word of God in matters of doctrine and practice. God calls certain men to be pastors, providing spiritual leadership for the church. Deacons, likewise, minister to the church body through specific acts of service. We believe that the universal church consists of all who have saving faith in Christ. As the body of Christ, the church is to fulfill His mission of making disciples throughout the world. Matthew 18:15-17; 28:18-20; 1 Corinthians 1:2; 12:12-28; 7:17; 11:16; Ephesians 1:22-23; 2:14,15; 4:11-16; 5:23-32; 1 Timothy 2:12; 3:1-15.

We believe that every believer should walk by the Spirit and engage in practices that stimulate spiritual maturity. Christians grow as they worship and serve the Lord, study the Scriptures, pray, and live in fellowship with other believers. Christians are also to flee evil influences and practices, which hinder a Spirit-filled life. Due to the commission of Christ and the urgency of the gospel, all believers are to engage in gospel conversations, to live God-honoring lives, and to work continuously to spread the gospel to their neighbors and the nations. Matthew 5:16; 28:19-20; Mark 16:15; John 17:18; 20:21; Acts 1:8; Romans 6:1-14; 12:1; 2 Corinthians 5:20; 6:14-7:1; Galatians 5:16-25; Colossians 3:1-17; James 4:4; 1 John 2:15-17.

We believe in the literal, bodily resurrection of the crucified Lord, His ascension into heaven, His present life there as our high priest and advocate, and His rapture of the church before the tribulation. He will return bodily and visibly to the earth at the end of the tribulation to establish His millennial kingdom, and to reign as the supreme Lord over all nations. Luke 24:36-43; John 14:1-6; 20:24-29; Acts 1:9-11; 1 Corinthians 15:12-58; 1 Thessalonians 4:13-18; 5:1-11; Revelation 1:4-7; 19:11-16; 20:6.

We believe in the bodily resurrection and judgment of all the dead. Those people who are in Christ will be saved to a life of eternal glory with God. Unbelievers will suffer judgment and eternal punishment in the lake of fire. Matthew 10:28; 18:8,9; 25:41,46; Mark 9:43-49; John 5:28,29; 2 Thessalonians 1:6-9; Revelation 20:6,11-15; 21:1-8.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating294 of 94021 of 112
Fund acquisition rating563 of 94268 of 112
Resource allocation rating244 of 94220 of 112
Asset utilization rating360 of 94033 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%18%30%37%30%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%1%2%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%9%6%4%5%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%91%94%96%95%93%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%90%89%90%89%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%88%88%91%93%94%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%79%81%83%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%12%12%9%7%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%9%10%8%5%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%8%9%9%10%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.630.640.650.640.67
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.742.522.212.532.652.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.581.421.641.701.94
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.077.1911.269.617.356.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.140.090.100.140.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.866.557.726.566.095.29
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%10%9%11%14%16%
Debt ratio Debt ratio =
Debt /
Total assets
16%1%3%4%5%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%145%141%137%134%126%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$12,908,691$25,128,790$12,484,462$13,960,593$6,118,874
Receivables, inventories, prepaids$6,043,166$3,690,824$4,356,609$3,283,752$3,190,739
Short-term investments$70,020,373$64,023,230$57,754,641$52,240,389$50,877,509
Other current assets$0$0$0$0$0
Total current assets$88,972,230$92,842,844$74,595,712$69,484,734$60,187,122
Long-term investments$2,064,328$2,332,223$2,472,647$2,495,196$2,659,006
Fixed assets$133,228,789$109,769,487$111,725,855$111,960,071$112,285,874
Other long-term assets$0$0$0$0$91,932
Total long-term assets$135,293,117$112,101,710$114,198,502$114,455,267$115,036,812
Total assets$224,265,347$204,944,554$188,794,214$183,940,001$175,223,934
 
Liabilities20202019201820172016
Payables and accrued expenses$8,174,121$6,450,037$5,992,961$5,995,089$5,175,790
Other current liabilities$4,208,416$1,792,946$1,770,855$3,461,021$3,616,620
Total current liabilities$12,382,537$8,242,983$7,763,816$9,456,110$8,792,410
Debt$3,211,232$5,263,088$7,267,128$10,000,426$13,030,056
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,711,703$5,855,792$6,157,097$6,404,383$6,548,848
Total long-term liabilities$8,922,935$11,118,880$13,424,225$16,404,809$19,578,904
Total liabilities$21,305,472$19,361,863$21,188,041$25,860,919$28,371,314
 
Net assets20202019201820172016
Without donor restrictions$152,224,613$141,343,881$128,607,604$119,459,101$110,841,869
With donor restrictions$50,735,262$44,238,810$38,998,569$38,619,981$36,010,751
Net assets$202,959,875$185,582,691$167,606,173$158,079,082$146,852,620
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$15,073,335$8,852,415$5,060,301$6,394,205$8,742,726
Program service revenue$141,612,744$137,489,840$124,231,658$118,335,051$113,851,564
Membership dues$0$0$0$0$0
Investment income$2,597,922$2,907,053$5,707,889$2,178,906$1,416,496
Other revenue$5,321$18,173$24,065$8,660$27,478
Total other revenue$144,215,987$140,415,066$129,963,612$120,522,617$115,295,538
Total revenue$159,289,322$149,267,481$135,023,913$126,916,822$124,038,264
 
Expenses20202019201820172016
Program services$126,294,095$117,270,129$109,675,347$104,752,752$103,868,158
Management and general$11,307,328$11,537,269$10,782,530$11,646,168$11,015,563
Fundraising$2,716,983$2,663,378$1,858,642$1,921,684$1,761,939
Total expenses$140,318,406$131,470,776$122,316,519$118,320,604$116,645,660
 
Change in net assets20202019201820172016
Surplus (deficit)$18,970,916$17,796,705$12,707,394$8,596,218$7,392,604
Other changes in net assets$0$0$0$0$0
Total change in net assets$18,970,916$17,796,705$12,707,394$8,596,218$7,392,604

Compensation

NameTitleCompensation
Thomas WhitePresident$318,882
Marc SweeneyDean of Pharmacy$226,978
Richard MelsonVP Advancement$220,443
Thomas MachVP Academics$218,258
Christopher SohnVP of Business CFO$211,374
Scott van LooVP Enrollment Mgmt$200,979
John HartGeneral Counsel$182,733
Jonathan WoodVP Student Life$168,560
Jeffery BatesProf of Pharm Science$167,641
Mark PinkertonProf of Pharm Science$165,835
Janice SuppleeVP Marketing$160,515
Douglas Anderson JrProfessor of Pharmacy$146,185
Mr David DykemaTrustee$45,727
Rev Timothy ArmstrongTrustee$24,074
Rev Mark VroegopTrustee$21,469
Mr Robert WynaldaTrustee$17,596
Mr Daniel PetekTrustee$11,866
Dr Dominic McKinleyTrustee$10,061
Mr Evan EnglishTrustee - Secretary$9,104
Mr Kenneth David BaneTrustee - Treasurer$2,409
Dr Corey AbneyTrustee$1,575
Dr Don LoughTrustee$785

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 8/5/2021. To update the information below, please email: info@ministrywatch.com


History

Cedarville College was established in 1887 by five godly men who envisioned a college that would provide Christian higher education. Affiliated with the Reformed Presbyterian Church, the College built its first building, Old Main (now called Founders Hall), in 1895.

The turbulence of the first 50 years of the 20th century led to hard times for the College. By the end of World War II, the Board of Trustees realized that enrollment could not support expenses, but, as God would ordain it, the Baptist Bible Institute of Cleveland, Ohio, was seeking to expand. That institution's Board of Trustees became convinced Cedarville was the place God had chosen.

By mutual agreement of both trustee boards, ownership of the College transferred in 1953, and Cedarville became a Baptist college of arts and sciences. Dr. James T. Jeremiah was called as president.

By 1959, Cedarville's enrollment had grown to 255. Six years later, the student body nearly tripled to 763. By the end of Jeremiah's 25-year tenure as president in 1978, enrollment had grown to more than 1,200 students. That same year, Dr. Paul Dixon was called to lead Cedarville.

In 2002, the Board of Trustees unanimously voted to change from Cedarville College to Cedarville University. This move better communicated Cedarville's expanded academic offerings, graduate studies, institutional organization, and increased national and international presence.

By the end of Dixon's 25-year tenure as president in 2003, the student body had grown to more than 3,000 students. Under his leadership, Cedarville added nursing and engineering majors and constructed the Dixon Ministry Center and the Stevens Student Center.

In 2003, Dr. Bill Brown became the next president of Cedarville University. Under Brown's leadership, Cedarville built the Center for Biblical and Theological Studies and Health Sciences Center and launched four new graduate programs.

In 2013, Dr. Thomas White became the 10th president of Cedarville University. Under his leadership, the University embarked on an extensive renovation of the Jeremiah Chapel, built new science laboratories, established two additional graduate programs, and founded the Center for Biblical Apologetics and Public Christianity.


Program accomplishments

Three-year average of 97.9% of graduates have been employed or in grad school within six months - 98.3%, 98.5%, 96.9% (even during COVID).

Students from 50 states and 49 countries build global career and ministry network.

No. 2 in the U.S. for professors' engagement with students, says The Wall Street Journal.

100% of freshmen receive scholarships - $17,950 average.


Needs