Hillsdale College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/26/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Hillsdale College is a classical liberal arts college located in southern Michigan. Its four-year curriculum leads to the bachelor of arts or bachelor of science degree, and it is accredited by the North Central Association of Colleges and Secondary Schools. Hillsdale's educational mission rests upon two principles: academic excellence and institutional independence. The College does not accept federal or state taxpayer subsidies for any of its operations. Located in rural southern Michigan, the nearly 400-acre Hillsdale campus includes both modern and historic buildings.


Contact information

Mailing address:
Hillsdale College
33 E College St
Hillsdale, MI 49242

Website: hillsdale.edu

Phone: 517-437-7341

Email: donorservices@hillsdale.edu


Organization details

EIN: 381374230

CEO/President: Larry P. Arnn

Chairman: Patrick L. Sajak

Board size: 34

Founder:

Year founded: 1943

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Hillsdale College maintains its defense of the traditional liberal arts curriculum, convinced that it is the best preparation for meeting the challenges of modern life and that it offers to all people of all backgrounds not only an important body of knowledge, but also timeless truths about the human condition. The liberal arts are dedicated to stimulating students' intellectual curiosity, to encouraging the critical, well-disciplined mind, and to fostering personal growth through academic challenge. They are a window on the past and a gateway to the future. The College values the merit of each unique individual, rather than succumbing to the dehumanizing, discriminatory trend of so-called "social justice" and "multicultural diversity," which judges individuals not as individuals, but as members of a group and which pits one group against other competing groups in divisive power struggles.


Mission statement

Hillsdale College is an independent institution of higher learning founded in 1844 by men and women "grateful to God for the inestimable blessings" resulting from civil and religious liberty and "believing that the diffusion of learning is essential to the perpetuity of these blessings." It pursues the stated object of the founders: "to furnish all persons who wish, irrespective of nation, color, or sex, a literary, scientific, [and] theological education" outstanding among American colleges "and to combine with this such moral and social instruction as will best develop the minds and improve the hearts of its pupils." As a nonsectarian Christian institution, Hillsdale College maintains "by precept and example" the immemorial teachings and practices of the Christian faith. The College also considers itself a trustee of our Western philosophical and theological inheritance tracing to Athens and Jerusalem, a heritage finding its clearest expression in the American experiment of self-government under law. By training the young in the liberal arts, Hillsdale College prepares students to become leaders worthy of that legacy. By encouraging the scholarship of its faculty, it contributes to the preservation of that legacy for future generations. By publicly defending that legacy, it enlists the aid of other friends of free civilization and thus secures the conditions of its own survival and independence.


Statement of faith

Hillsdale College is a Christian school with an earnest and vibrant spiritual life. The College has always welcomed anyone to study here regardless of their faith tradition. For that reason, we do not have an institutional statement of faith to which all students must submit, nor do we have a required chapel service.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating797 of 81799 of 100
Fund acquisition rating808 of 81799 of 100
Resource allocation rating759 of 81797 of 100
Asset utilization rating606 of 81789 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%27%20%17%22%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%17%13%11%14%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%61%67%63%63%59%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%21%19%17%18%18%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%39%33%37%37%41%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%66%69%70%70%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%79%69%62%75%65%
Program output ratio Program output ratio =
Program services /
Total revenue
82%52%48%43%52%45%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%21%31%38%25%35%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%4%7%10%5%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%13%12%13%12%12%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.140.140.140.140.14
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.092.112.092.262.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.300.290.290.320.32
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.8620.1221.7221.0318.4713.68
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.050.050.050.050.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8038.1740.0239.1235.6634.64
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%9%10%11%12%12%
Debt ratio Debt ratio =
Debt /
Total assets
17%2%2%2%3%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%636%665%639%623%621%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$52,581,550$55,064,038$53,704,509$45,394,708$53,814,623
Receivables, inventories, prepaids$119,319,073$138,309,750$96,831,935$79,997,590$67,851,007
Short-term investments$384,442,190$338,030,229$340,624,275$281,343,097$282,719,368
Other current assets$0$0$0$0$0
Total current assets$556,342,813$531,404,017$491,160,719$406,735,395$404,384,998
Long-term investments$294,636,587$293,262,017$280,051,166$261,270,006$274,317,937
Fixed assets$179,317,351$161,526,418$146,877,230$145,368,287$138,580,503
Other long-term assets$133,101,618$132,996,766$108,719,692$105,370,988$104,385,100
Total long-term assets$607,055,556$587,785,201$535,648,088$512,009,281$517,283,540
Total assets$1,163,398,369$1,119,189,218$1,026,808,807$918,744,676$921,668,538
 
Liabilities20192018201720162015
Payables and accrued expenses$26,972,780$23,869,512$22,620,951$19,763,423$27,002,671
Other current liabilities$676,563$595,532$738,721$2,257,135$2,555,856
Total current liabilities$27,649,343$24,465,044$23,359,672$22,020,558$29,558,527
Debt$21,095,611$22,334,930$23,498,580$24,297,167$24,881,651
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$57,986,011$61,133,082$63,654,899$65,249,511$60,653,009
Total long-term liabilities$79,081,622$83,468,012$87,153,479$89,546,678$85,534,660
Total liabilities$106,730,965$107,933,056$110,513,151$111,567,236$115,093,187
 
Net assets20192018201720162015
Unrestricted$97,815,867$110,060,666$131,225,676$128,416,703$144,360,470
Temporarily restricted$245,006,843$239,497,780$207,716,070$169,877,317$178,018,522
Permanently restricted$713,844,694$661,697,716$577,353,910$508,883,420$484,196,359
Net assets$1,056,667,404$1,011,256,162$916,295,656$807,177,440$806,575,351
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$128,396,316$147,294,211$144,893,509$109,558,877$118,585,719
Program service revenue$54,990,529$54,337,372$50,780,130$49,627,751$46,904,026
Membership dues$0$0$0$0$0
Investment income$23,739,786$15,069,662$31,589,080$11,456,684$31,706,436
Other revenue$3,516,790$2,655,182$3,803,058$2,141,189$3,156,368
Total other revenue$82,247,105$72,062,216$86,172,268$63,225,624$81,766,830
Total revenue$210,643,421$219,356,427$231,065,777$172,784,501$200,352,549
 
Expenses20192018201720162015
Program services$109,211,042$105,007,139$100,272,951$90,364,950$91,017,016
Management and general$22,099,768$18,012,869$18,143,426$15,198,304$15,404,722
Fundraising$34,917,941$28,979,751$25,075,586$23,897,483$23,432,055
Total expenses$166,228,751$151,999,759$143,491,963$129,460,737$129,853,793
 
Change in net assets20192018201720162015
Surplus (deficit)$44,414,670$67,356,668$87,573,814$43,323,764$70,498,756
Other changes in net assets$0$0$0$0$0
Total change in net assets$44,414,670$67,356,668$87,573,814$43,323,764$70,498,756

Compensation

NameTitleCompensation
Larry P ArnnPresident$1,084,204
John CerviniVP For Inst. Advancement$526,985
Matthew SpaldingDn of Educ Programs Kirby Center$309,832
Robert NortonVP & General Counsel$298,350
David M WhalenProvost$271,455
Robert BlackstockProfessor of Law$257,072
Richard P PeweVP of Admin. Affairs & Secretary$256,587
Matthew SchlientzVP For Marketing$244,580
Douglas JeffreyVP For External Affairs$235,628
Patrick H FlanneryVP For Finance & Treasurer$197,066

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 10/26/2020. To update the information below, please email: info@ministrywatch.com


History

Hillsdale College was founded as Michigan Central College in Spring Arbor, Michigan, in 1844. Nine years later it moved to Hillsdale and assumed its current name. As stated in its Articles of Association, the College undertakes its work "grateful to God for the inestimable blessings resulting from the prevalence of civil and religious liberty and intelligent piety in the land, and believing that the diffusion of sound learning is essential to the perpetuity of these blessings." Though established by Freewill Baptists, Hillsdale has been officially non-denominational since its inception. It was the first American college to prohibit in its charter any discrimination based on race, religion, or sex, and became an early force for the abolition of slavery. It was also the second college in the nation to grant four-year liberal arts degrees to women. Professor and preacher Ransom Dunn, who would serve Hillsdale College for half a century, raised money to construct the new hilltop campus in the early 1850s by riding 6,000 miles on horseback on the Wisconsin and Minnesota frontier. It was largely through Dunn's efforts that Hillsdale would survive while over 80 percent of colleges founded before the Civil War would not. A higher percentage of Hillsdale students enlisted during the Civil War than from any other western college. Of the more than 400 who fought for the Union, four earned the Congressional Medal of Honor, three became generals, and many more served as regimental commanders. Sixty gave their lives. Because of the College's anti-slavery reputation and its role in founding the new Republican party (Professor Edmund Fairfield was a leader at the first convention), many notable speakers visited its campus during the Civil War era, including Frederick Douglass and Edward Everett, who preceded Lincoln at Gettysburg. Hillsdale's modern rise to prominence occurred in the 1970s. On the pretext that some of its students were receiving federal loans, the Department of Health, Education, and Welfare attempted to interfere with the College's internal affairs, including a demand that Hillsdale begin counting its students by race. Hillsdale's trustees responded with two toughly worded resolutions: One, the College would continue its policy of non-discrimination. Two, "with the help of God," it would "resist, by all legal means, any encroachments on its independence." Following almost a decade of litigation, the U.S. Supreme Court decided against Hillsdale in 1984. By this time, the College had announced that rather than complying with unconstitutional federal regulation, it would instruct its students that they could no longer bring federal taxpayer money to Hillsdale. Instead, the College would replace that aid with private contributions. Hillsdale continues to carry out its original mission today, both in the classroom and nationwide, through its many outreach programs, including its monthly speech digest, Imprimis. A prayer written in the Bible that was placed inside the 1853 cornerstone of Central Hall reflects its continuing commitment: "May earth be better and heaven be richer because of the life and labor of Hillsdale College."


Program accomplishments


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