Taylor University

Summary

For more than 170 years, Taylor University has stayed true to its heritage, challenging each generation of students to integrate faith with learning and follow Christ's calling. Though our University's history is not blemish-free, tough times have kept us anchored in faith and committed to our university's mission. Founded in 1846 as Fort Wayne Female College, Taylor University now stands as the oldest non-denominational school in Council for Christian Colleges and Universities (CCCU).


Contact information

Mailing address:
Taylor University
236 W Reade Ave
Upland, IN 46989-1001

Website: taylor.edu

Phone: 800-882-3456

Email: admissions@taylor.edu


Organization details

EIN: 350868181

CEO/President: Paige Cunningham

Chairman:

Board size: 23

Founder:

Year founded: 1953

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

With more than 60 majors across the arts, humanities, sciences, and social sciences, and a Foundational Core curriculum that promotes a broad base of knowledge, Taylor encourages students to ask hard questions, apply themselves to the tasks at hand, and embrace their callings.


Mission statement

Taylor's mission is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need.


Statement of faith

Taylor University is firmly committed to the lordship of Jesus Christ and evangelical Christianity. To assure the central place of Christian principles in the philosophy and life of the University, the trustees, administration, faculty, and staff believe that:

There is one God, eternally existent in three persons-Father, Son, and Holy Spirit-the only Creator, Redeemer, and Sustainer of all things in heaven and on earth.

The Bible is the only inspired, authoritative written word of God, true and trustworthy in all it affirms.

Jesus Christ is the eternal, living Word of God. Through his incarnation he revealed God's plan of redemption by his virgin birth, sinless life, atoning death, bodily resurrection, and ascension. He will return in power and glory to judge the living and the dead.

The Holy Spirit is present in the life of every believer, testifying to the lordship of Christ, illuminating the Scriptures, and empowering believers for fruitful service and obedience to God's commands.

Humankind, though uniquely created in God's image, rebelled and stands in need of redemption. God, by his grace, extends salvation, reconciliation, and eternal life to anyone who comes to Christ by faith.

The Church is the global body of believers across time who affirm that Jesus Christ is Lord and demonstrate their faith and unity in Christ by loving and serving him and all people.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating468 of 72569 of 87
Fund acquisition rating618 of 72678 of 87
Resource allocation rating258 of 72631 of 87
Asset utilization rating400 of 72556 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%30%23%33%34%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%3%3%4%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%12%13%9%10%24%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%3%3%4%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%88%87%91%90%76%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%88%89%90%89%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%94%104%101%83%
Program output ratio Program output ratio =
Program services /
Total revenue
81%87%84%93%89%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%6%-4%-1%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%3%-2%0%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%9%8%7%8%8%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.390.360.360.360.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.011.941.962.042.131.90
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.750.710.740.760.62
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.2623.9026.2419.6918.9824.01
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.040.040.050.050.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0315.2616.2615.3815.0218.52
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%16%16%16%18%17%
Debt ratio Debt ratio =
Debt /
Total assets
18%9%10%11%12%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%217%233%232%231%253%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$6,153,027$2,881,478$2,254,112$3,846,350$6,954,940
Receivables, inventories, prepaids$6,678,676$8,070,874$5,470,323$8,782,741$18,611,030
Short-term investments$118,489,125$120,077,418$114,005,638$103,107,112$107,198,212
Other current assets$0$0$0$0$0
Total current assets$131,320,828$131,029,770$121,730,073$115,736,203$132,764,182
Long-term investments$8,272,628$7,393,847$6,654,003$6,361,418$6,815,142
Fixed assets$104,871,784$107,528,604$109,518,026$112,897,551$101,882,113
Other long-term assets$10,684,601$10,648,324$10,836,624$11,611,778$11,114,212
Total long-term assets$123,829,013$125,570,775$127,008,653$130,870,747$119,811,467
Total assets$255,149,841$256,600,545$248,738,726$246,606,950$252,575,649
 
Liabilities20192018201720162015
Payables and accrued expenses$4,869,156$4,301,578$5,599,525$5,572,451$5,125,934
Other current liabilities$626,100$691,668$583,556$525,829$403,776
Total current liabilities$5,495,256$4,993,246$6,183,081$6,098,280$5,529,710
Debt$23,457,203$24,948,990$26,589,241$30,206,100$30,253,631
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$11,498,900$10,358,068$6,494,764$7,551,616$8,074,848
Total long-term liabilities$34,956,103$35,307,058$33,084,005$37,757,716$38,328,479
Total liabilities$40,451,359$40,300,304$39,267,086$43,855,996$43,858,189
 
Net assets20192018201720162015
Unrestricted$107,372,333$111,188,013$112,385,749$109,163,611$100,361,523
Temporarily restricted$17,315,358$34,223,474$30,110,218$29,878,379$46,720,644
Permanently restricted$90,010,791$70,888,754$66,975,673$63,708,964$61,635,293
Net assets$214,698,482$216,300,241$209,471,640$202,750,954$208,717,460
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$12,287,407$12,586,628$8,224,327$9,006,212$23,900,965
Program service revenue$83,561,679$78,775,898$76,093,493$74,725,134$72,452,036
Membership dues$0$0$0$0$0
Investment income$3,815,009$7,503,927$2,414,693$3,130,188$2,681,509
Other revenue($1,647)($2,752)($4,681)$278($1,437)
Total other revenue$87,375,041$86,277,073$78,503,505$77,855,600$75,132,108
Total revenue$99,662,448$98,863,701$86,727,832$86,861,812$99,033,073
 
Expenses20192018201720162015
Program services$86,555,191$83,085,023$80,784,518$77,645,759$72,801,433
Management and general$8,673,002$7,000,184$6,677,183$6,880,100$6,817,675
Fundraising$3,686,020$2,912,861$2,689,197$3,087,051$2,826,536
Total expenses$98,914,213$92,998,068$90,150,898$87,612,910$82,445,644
 
Change in net assets20192018201720162015
Surplus (deficit)$748,235$5,865,633($3,423,066)($751,098)$16,587,429
Other changes in net assets$0$0$0$0$0
Total change in net assets$748,235$5,865,633($3,423,066)($751,098)$16,587,429

Compensation

NameTitleCompensation
Paul Lowell HainesPresident$368,869
Rex BennettVP of University Advancement$218,063
Michael HammondProvost$166,234
Ron SutherlandSpecial Assistant to the President$164,793
Coein Skip TrudeauVP Student Development$157,058
Jeff MoshierProvost$156,092
Stephen OlsonVP of Business and Finance$143,036

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


History

Since its establishment as Fort Wayne Female College by the North Indiana Conference of the Methodist Episcopal Church in 1846, Taylor University has proudly stood for the Gospel of Jesus Christ and hosted countless people who have impacted the world with those same values. One of the most influential people at Taylor was a young black man with no money in his pockets, just a heart to serve the Lord. God still uses the story and soul of Sammy Morris to bring many to Taylor seeking the same blessing, purpose, and call. And let's not forget our missionary namesake, Bishop William Taylor; Thaddeus Reade, who led Taylor through financial difficulty and the move to Upland; and Harold Ockenga, who mentored Billy Graham and whose impact led to launch both Fuller and Gordon-Conwell Seminaries. The list goes on-from Milo Rediger, who served as a mentor to many during his tenure at Taylor, to Don Odle, whose life-changing encounter with Jesus at Taylor led to the launch of Venture for Victory-one of the first, if not the first, sports evangelism outreach efforts. Additionally, many Taylor women-such as Alice Hamilton and Olive May Draper-have gone on to do wonderful things for God and His kingdom. Over nearly two centuries, Taylor's mission has been passed from generation to generation of students, professors, presidents, and other influential members of our family. There are many more instrumental people who have shaped the vision and mission of Taylor University throughout the last 170-plus years. But three things bind all these Taylor heroes together-their heart for God, their urgent pursuit to proclaim the word of God in an atmosphere of faith and learning, and their humble approach to serving those whom God placed in their path. But our history doesn't end with these heroes. Today our university holds many stories about current alumni, students, staff, and faculty who are serving each other and the global community. Through war, depression, recession, and tragedy, Taylor University has continued to serve God, our community, and our world.


Program accomplishments

Taylor ranks second among Indiana schools, including Notre Dame, Butler, and Purdue, and second nationally among CCCU schools, including Trinity, Westmont, and Calvin, for average incoming freshman SAT score. Wide variety of study and service abroad opportunities, Taylor is ranked third nationally of baccalaureate schools for the number of students who experienced a short-term trip. 98% of graduates secure a full-time or part-time job, post-graduate internship, or graduate school placement within six months after graduation.


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