Dordt University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/19/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Established in 1955, Dordt is a comprehensive Reformed, Christian college in Sioux Center, Iowa.


Contact information

Mailing address:
Dordt University
700 7th Street NE
Sioux Center, 51250-1606

Website: dordt.edu

Phone: 1-800-343-6738

Email: marcomm@dordt.edu


Organization details

EIN: 420772559

CEO/President: Dr. Erik Hoekstra

Chairman:

Board size: 0

Founder:

Year founded: 1958

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

An education that is Christian not merely in the sense that devotional exercises are appended to the ordinary work of the college, but in the larger and deeper sense that all the class work, all of the students' intellectual, emotional, and imaginative activities shall be permeated with the spirit and teaching of Christianity.


Mission statement

As an institution of higher education committed to the Reformed Christian perspective, the mission of Dordt College is to equip students, alumni, and the broader community to work effectively toward Christ-centered renewal in all aspects of contemporary life.


Statement of faith

We believe that Scripture and creation reveal a sovereign God. Nothing exists without him; all things are under his control and find their goal and purpose in his glory. The creation is God's kingdom. The Bible also tells us that God created us in his image. God covenantally binds us to him by his law and calls for our loving obedience. Though called to develop and care for God's world, after Adam's fall into sin we began to treat it as an object of exploitation. Rather than serving the King, people abandoned themselves and the rest of creation to division and strife, misery, and death. But God came with his word of grace, reclaiming his world through the death, resurrection, and ascension of Jesus Christ. Even though the effects of the fall will continue until he returns, Christ has rescued the creation from the curse of sin, and he reigns as king over all. He summons those he has redeemed to work to establish his kingdom everywhere.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating621 of 91388 of 111
Fund acquisition rating733 of 91597 of 111
Resource allocation rating328 of 91534 of 111
Asset utilization rating574 of 91378 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%20%26%27%22%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%5%4%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%22%18%15%17%19%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%5%5%4%4%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%78%82%85%83%81%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%88%88%89%88%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%90%91%87%89%88%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%81%77%79%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%10%9%13%11%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%5%4%6%6%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%7%7%7%7%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.390.390.390.400.40
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.732.512.622.512.602.54
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.981.010.971.031.01
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0817.7112.4113.8511.1112.88
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.060.080.070.090.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9511.5810.8811.5210.6310.93
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%13%14%13%15%16%
Debt ratio Debt ratio =
Debt /
Total assets
16%8%6%7%9%10%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%224%223%225%215%210%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$7,058,006$136,319$3,026,835$1,488,969$4,040,398
Receivables, inventories, prepaids$7,946,400$7,431,976$6,788,070$7,053,620$7,922,590
Short-term investments$49,976,920$52,826,343$49,868,506$47,082,185$41,380,225
Other current assets$0$0$0$0$0
Total current assets$64,981,326$60,394,638$59,683,411$55,624,774$53,343,213
Long-term investments$7,516,935$0$0$0$0
Fixed assets$89,439,863$89,720,777$81,644,319$80,608,202$74,014,797
Other long-term assets$1,401,455$8,030,192$8,305,235$8,271,369$8,149,207
Total long-term assets$98,358,253$97,750,969$89,949,554$88,879,571$82,164,004
Total assets$163,339,579$158,145,607$149,632,965$144,504,345$135,507,217
 
Liabilities20202019201820172016
Payables and accrued expenses$3,017,724$4,865,524$4,308,475$5,008,153$4,142,688
Other current liabilities$651,036$0$0$0$0
Total current liabilities$3,668,760$4,865,524$4,308,475$5,008,153$4,142,688
Debt$12,517,975$9,884,660$11,201,138$12,492,413$13,758,490
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,097,718$6,659,177$4,228,667$4,249,741$4,354,415
Total long-term liabilities$17,615,693$16,543,837$15,429,805$16,742,154$18,112,905
Total liabilities$21,284,453$21,409,361$19,738,280$21,750,307$22,255,593
 
Net assets20202019201820172016
Without donor restrictions$99,785,719$94,626,540$90,893,866$77,059,701$75,592,253
With donor restrictions$42,269,407$42,109,706$39,000,819$45,694,337$37,659,371
Net assets$142,055,126$136,736,246$129,894,685$122,754,038$113,251,624
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$15,655,855$12,010,200$9,676,424$10,762,022$11,906,416
Program service revenue$51,814,424$52,112,053$50,907,113$50,849,015$47,967,316
Membership dues$0$0$0$0$0
Investment income$3,276,627$2,524,173$5,305,330$2,403,244$1,552,538
Other revenue$212,810$331,096$118,580$0$0
Total other revenue$55,303,861$54,967,322$56,331,023$53,252,259$49,519,854
Total revenue$70,959,716$66,977,522$66,007,447$64,014,281$61,426,270
 
Expenses20202019201820172016
Program services$55,767,941$53,970,172$51,094,955$50,498,518$47,907,124
Management and general$4,717,844$4,149,634$4,005,197$4,266,364$3,693,431
Fundraising$3,066,374$3,138,002$2,586,915$2,384,532$2,396,738
Total expenses$63,552,159$61,257,808$57,687,067$57,149,414$53,997,293
 
Change in net assets20202019201820172016
Surplus (deficit)$7,407,557$5,719,714$8,320,380$6,864,867$7,428,977
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,407,557$5,719,714$8,320,380$6,864,867$7,428,977

Compensation

NameTitleCompensation
Erik HoekstraPresident$303,338
John BaasDirector of Advancement$177,481
Eric ForsethProvost$168,520
Nathan TintleProfessor of Statistics$160,729
Howard WilsonVice President - Operations$156,172
Stephanie BaccamTreasurer/Exec Dir Fin & Risk$130,417
Douglas DeboerProfessor of Engineering$117,471

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 2/19/2021. To update the information below, please email: info@ministrywatch.com


History

Dordt University began in 1953 as Midwest Christian Junior College. At the time, there was a dearth of qualified Christian school teachers in the area, and the new college sought to fill that void. The college's doors opened in 1955, with 35 enrolled students and five faculty members. The campus was comprised of a new four-classroom building; the property was set on a former mink farm and surrounded by fields of crops. Once the institution became a four-year college, its name was changed to Dordt College in honor of the Synod of Dordt held in Dordrecht, the Netherlands, in 1618-19, a synod which emphasized the sovereignty of God through his electing grace. Dordt's first four-year B.A. degrees were awarded to a graduating class of 58 in 1965. The college grew rapidly in the 1960s and 1970s, with enrollment climbing above 1,200. Many faculty members, intending to teach here only a few years, became committed to the college mission and remained for their entire careers. Although it began as a college for training up Christian school teachers, Dordt has expanded its academic offerings to include programs in agriculture, nursing, engineering, business, social work, criminal justice, construction management, international business, and more. The four presidents of Dordt have provided leadership and commitment to a distinct vision for Christian higher education. Rev. B.J. Haan, who served as first president of the college until his retirement in 1982, worked tirelessly to lay the foundation that is today more clearly articulated in The Educational Task. Dr. J.B. Hulst, a founder and early dean of students, supervised the development of a strategic plan for the future of the college. Dr. Carl E. Zylstra, Dordt's third president, urged faculty and students to make the continuing educational vision concrete in their teaching, learning, and living. Dr. Erik Hoekstra, who began his presidency in 2012, has championed Dordt's mission statement and continues to adhere to Dordt's distinct vision. Over the years, Dordt continued to add and deepen academic and co-curricular programs that, as Dordt's mission says, "equip students, alumni, and the broader community to work effectively toward Christ-centered renewal in all aspects of contemporary life." In doing so, Dordt began to look and act more like a university than a college; the institution prioritized robust scholarship, excellence in teaching, and increased opportunities for students and faculty to collaborate. In addition to a diverse array of traditional undergraduate programs, Dordt's academic offerings began to include online studies, graduate programs, and professional-technical associate degrees. Students came from more than 26 countries to study at Dordt, and alumni lived all over the world. In May 2018, the Board of Trustees and Dr. Erik Hoekstra announced that Dordt would become known as Dordt University. The transition to Dordt University officially took place on May 13, 2019.


Program accomplishments


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