College of the Ozarks

Summary

C of O is committed to its founding mission of providing a quality, Christian education to those who are found worthy, but who are without sufficient means to obtain such training. Instead of paying tuition, all full-time students work campus jobs to defray the cost of education. Upon complete participation in the Work Education Program, the College guarantees to meet the entire cost of education for students, allowing them the opportunity to graduate debt-free. The College openly discourages debt by not participating in any government loan programs and leads by example through having no institutional debt of any kind.


Contact information

Mailing address:
College of the Ozarks
100 Opportunity Ave
Point Lookout, MO 65726

Website: cofo.edu

Phone: 1-800-222-0525

Email: https://www.cofo.edu/Contact/Email


Organization details

EIN: 440556862

CEO/President: Charles F Hughes

Chairman: General Terrence R. Dake

Board size: 18

Founder: James Forsythe

Year founded: 1941

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our vision is to develop citizens of Christ-like character who are well-educated, hardworking and patriotic. Christian values and character, hard work, and financial responsibility comprise the fundamental building blocks of the "Hard Work U." experience.


Mission statement

The mission of College of the Ozarks is to provide the advantages of a Christian education for youth of both sexes, especially those found worthy, but who are without sufficient means to procure such training.


Statement of faith

As an interdenominational school, the college affirms two basic, historical statements to describe the faith it hopes to foster. I believe in God, the Father almighty, Creator of heaven and earth, and in Jesus Christ, his only Son, our Lord, who was conceived by the Holy Spirit, born of the Virgin Mary, suffered under Pontius Pilate, was crucified, died and was buried; he descended into hell; on the third day he rose again from the dead; he ascended into heaven, and is seated at the right hand of God the Father almighty; from there he will come to judge the living and the dead. I believe in the Holy Spirit, the holy universal Church, the communion of saints, the forgiveness of sins, the resurrection of the body, and life everlasting. Amen. - Apostles' Creed We believe in one God, the Father, the Almighty, maker of heaven and earth, of all that is, seen and unseen. We believe in one Lord, Jesus Christ, the only Son of God, eternally begotten of the Father, God from God, Light from Light, true God from true God, begotten, not made, of one Being with the Father. Through him all things were made. For us and for our salvation he came down from heaven: by the power of the Holy Spirit he became incarnate from the Virgin Mary, and was made man. For our sake he was crucified under Pontius Pilate; he suffered death and was buried. On the third day he rose again in accordance with the Scriptures; he ascended into heaven and is seated at the right hand of the Father. He will come again in glory to judge the living and the dead, and his kingdom will have no end. We believe in the Holy Spirit, the Lord, the giver of life, who proceeds from the Father and the Son. With the Father and the Son he is worshiped and glorified. He has spoken through the Prophets. We believe in one holy universal and apostolic Church. We acknowledge one baptism for the forgiveness of sins. We look for the resurrection of the dead, and the life of the world to come. Amen. - Nicene Creed

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating224 of 72536 of 87
Fund acquisition rating92 of 72610 of 87
Resource allocation rating276 of 72635 of 87
Asset utilization rating501 of 72573 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%5%4%5%7%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%12%14%11%11%15%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%88%86%89%89%85%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%87%86%88%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%83%78%77%80%78%
Program output ratio Program output ratio =
Program services /
Total revenue
81%73%67%68%68%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%17%22%23%20%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%3%5%4%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%12%13%11%13%14%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.140.120.150.140.12
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.011.691.651.671.701.72
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.230.190.250.240.21
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.2654.3564.7772.5571.2161.50
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.020.020.010.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0350.5761.5747.3549.1555.02
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%5%5%5%6%5%
Debt ratio Debt ratio =
Debt /
Total assets
18%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%686%818%631%668%760%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,682,354$1,435,191$4,661,345$2,284,203$4,827,531
Receivables, inventories, prepaids$5,523,758$5,103,075$6,698,090$5,026,548$4,191,890
Short-term investments$375,323,646$405,144,115$355,370,865$319,540,971$328,077,927
Other current assets$0$0$0$0$0
Total current assets$383,529,758$411,682,381$366,730,300$326,851,722$337,097,348
Long-term investments$0$0$0$0$0
Fixed assets$102,453,378$99,198,164$86,122,992$80,062,200$83,509,805
Other long-term assets$160,816,563$166,607,483$158,359,663$149,896,942$159,969,907
Total long-term assets$263,269,941$265,805,647$244,482,655$229,959,142$243,479,712
Total assets$646,799,699$677,488,028$611,212,955$556,810,864$580,577,060
 
Liabilities20192018201720162015
Payables and accrued expenses$2,235,703$2,236,964$1,432,837$1,230,855$1,869,054
Other current liabilities$4,821,586$4,119,429$3,622,110$3,359,090$3,612,003
Total current liabilities$7,057,289$6,356,393$5,054,947$4,589,945$5,481,057
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$26,467,447$24,920,412$27,418,831$26,594,338$25,667,517
Total long-term liabilities$26,467,447$24,920,412$27,418,831$26,594,338$25,667,517
Total liabilities$33,524,736$31,276,805$32,473,778$31,184,283$31,148,574
 
Net assets20192018201720162015
Unrestricted$354,771,667$383,337,734$326,242,011$283,763,871$299,838,616
Temporarily restricted$0$6,233,519$5,296,052$5,687,119$4,311,958
Permanently restricted$258,503,296$256,639,970$247,201,114$236,175,591$245,277,912
Net assets$613,274,963$646,211,223$578,739,177$525,626,581$549,428,486
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$12,675,957$14,070,537$13,456,138$10,518,614$13,544,501
Program service revenue$49,696,169$46,739,859$45,231,221$42,079,190$40,601,171
Membership dues$0$0$0$0$0
Investment income$44,067,845$39,342,328$59,018,022$44,349,553$36,292,134
Other revenue$993,211$726,873$1,382,333$1,931,509$1,720,493
Total other revenue$94,757,225$86,809,060$105,631,576$88,360,252$78,613,798
Total revenue$107,433,182$100,879,597$119,087,714$98,878,866$92,158,299
 
Expenses20192018201720162015
Program services$77,933,864$67,837,876$80,716,413$67,612,109$61,539,779
Management and general$10,736,619$10,544,101$10,300,004$10,368,516$10,094,011
Fundraising$667,746$610,751$651,814$703,121$696,125
Total expenses$89,338,229$78,992,728$91,668,231$78,683,746$72,329,915
 
Change in net assets20192018201720162015
Surplus (deficit)$18,094,953$21,886,869$27,419,483$20,195,120$19,828,384
Other changes in net assets$0$0$0$0$0
Total change in net assets$18,094,953$21,886,869$27,419,483$20,195,120$19,828,384

Compensation

NameTitleCompensation
Jerry DavisPresident$476,838
Charles F HughesTreasurer$224,706
Tom HealeyDirector of Keeter Center$190,223
Sue HeadVP For Cultural$187,311
Eric BolgerVP For Academics$180,960
Marvin SchoeneckeDean of Administration$168,765
Robert J StricklinExec Chef$156,875
Marci L LinsonVP For Patriotism$153,481
Sam KetcherAssistant Treasurer$140,836
Jeffrey SchneiderDirector of Computer Cente$140,738
Natalie RasnickDirector of Development$136,569
Elizabeth HudsonAssistant Corporate Secretary$73,324
Howell W KeeterVice-Pres$71,599
Tamara SchneiderCorporate Secretary$68,429

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


History

College of the Ozarks is a fully accredited, Christian, liberal arts college located just outside Branson, Missouri. Founded in 1906 by Presbyterian minister Reverend James Forsythe as a high school called The School of the Ozarks, the institution became a junior college in 1956 before becoming a four-year bachelor's program in 1965. It has been called College of the Ozarks since 1990. The institution provides the opportunity for full-time students to work at one of more than 100 campus jobs or industries to help pay for part of their cost of education. The remaining portion of the students' expenses is covered through scholarships provided by gifts and contributions from donors who believe in and support the programs and policies of the College. These student work programs and donor contributions allow C of O to operate as a no-tuition college. In 2012, College of the Ozarks reopened School of the Ozarks, a classical laboratory high school. The addition of School of the Ozarks was followed soon after with the full implementation of a lower school in the fall of 2015, completing the K-college format.


Program accomplishments


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