Southwest Baptist University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1878, Southwest Baptist University is a private Christian college with campuses in Bolivar, Springfield, Salem and Mountain View, Missouri.


Contact information

Mailing address:
Southwest Baptist University
1600 University Ave
Bolvar, MO 65613-2578

Website: sbuniv.edu

Phone: 800-526-5859

Email: admissions@sbuniv.edu


Organization details

EIN: 440567385

CEO/President: Dr. Eric A. Turner

Chairman: Ryan Palmer

Board size: 24

Founder: Abner S. Ingman and James R. Maupin

Year founded: 1947

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Southwest Baptist University will be the exemplar Christian university, providing a transformative and holistic educational experience. The mission statement of the University implies there will be a fusing of the liberal arts with career preparation and the Christian faith with learning. Recognition is also given to the enduring values of the liberal arts as the foundation of critical thinking, decision making, and the high literacy required for responsible careers in the contemporary world.


Mission statement

Southwest Baptist University is a Christ-centered, caring academic community preparing students to be servant leaders in a global society.


Statement of faith

The Board of Trustees adopts the following Statement of Faith and Belief:

It is hereby expressly declared that Southwest Baptist University is, and must forever remain, distinctively a Baptist institution. It must conserve, defend, and promote the fundamentals of the Baptist Faith, and in all its teachings and policies conform to and be in harmony with the established and acknowledged principles and policies of Baptist churches affiliated with the Missouri Baptist Convention and with the Southern Baptist Convention.

We hold the following as fundamental Baptist Doctrine:

Belief in the inspiration and all sufficient authority of the Bible in all matters of Christian faith and practice.

The absolute Deity, the Virgin birth, the vicarious death, the bodily resurrection, the visible second coming, and the supreme Lordship of Jesus Christ.

That salvation is only and wholly by grace through faith.

That the human conditions of salvation are-Repentance toward God and faith in our Lord Jesus Christ.

That the individual soul is competent to deal directly with God through Christ.

That all members are entitled to equal privileges in the church.

That the true ideal of the relations between church and state is "a free church and a free state."

That a church is a body of baptized believers associated together in solemn covenant, with Christ as its head and the scriptures as its Law, to worship God, conserve and administer the ordinances of His house, and to preach the Gospel to the world.

The ordinances of the church are two, viz: Baptism and the Lord's Supper.

That baptism is immersion in water, by a scripturally authorized administrator, of a believer in Christ; that its purpose is to symbolize the death of the subject to sin and his resurrection to a newness of life.

That the Lord's Supper is memorial in nature and that the terms of admission to the supper are regeneration, baptism, and church membership.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating404 of 91350 of 111
Fund acquisition rating537 of 91565 of 111
Resource allocation rating352 of 91542 of 111
Asset utilization rating404 of 91346 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%16%24%19%24%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%13%10%13%11%14%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%87%90%87%89%86%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%87%88%85%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%97%100%99%101%96%
Program output ratio Program output ratio =
Program services /
Total revenue
81%85%87%87%86%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%3%0%1%-1%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%0%1%-1%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%11%10%12%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.560.550.530.500.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.732.352.422.512.622.64
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.331.321.341.321.32
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.082.492.552.612.332.25
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.400.390.380.430.45
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.955.415.535.525.195.02
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%34%37%36%39%39%
Debt ratio Debt ratio =
Debt /
Total assets
16%16%20%20%21%21%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%116%115%119%121%121%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,102,823$3,164,169$1,936,275$3,775,357$3,241,706
Receivables, inventories, prepaids$3,148,068$3,974,554$4,178,214$4,434,943$4,341,347
Short-term investments$28,150,003$27,693,092$27,704,263$24,624,937$24,081,339
Other current assets$0$0$0$0$0
Total current assets$34,400,894$34,831,815$33,818,752$32,835,237$31,664,392
Long-term investments$0$0$0$0$0
Fixed assets$39,405,308$41,964,462$43,169,233$44,727,589$43,245,274
Other long-term assets$7,160,161$7,553,262$8,015,692$8,410,202$8,638,103
Total long-term assets$46,565,469$49,517,724$51,184,925$53,137,791$51,883,377
Total assets$80,966,363$84,349,539$85,003,677$85,973,028$83,547,769
 
Liabilities20202019201820172016
Payables and accrued expenses$13,234,881$12,984,998$12,484,472$13,606,757$13,556,117
Other current liabilities$587,639$650,781$467,540$486,599$544,850
Total current liabilities$13,822,520$13,635,779$12,952,012$14,093,356$14,100,967
Debt$13,214,129$16,943,575$16,638,038$18,315,568$17,540,539
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$764,184$784,517$1,253,943$1,172,478$1,107,190
Total long-term liabilities$13,978,313$17,728,092$17,891,981$19,488,046$18,647,729
Total liabilities$27,800,833$31,363,871$30,843,993$33,581,402$32,748,696
 
Net assets20202019201820172016
Without donor restrictions$29,938,704$30,837,332$29,528,149$30,524,977$26,515,557
With donor restrictions$23,226,826$22,148,336$24,631,535$21,866,649$24,283,516
Net assets$53,165,530$52,985,668$54,159,684$52,391,626$50,799,073
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,243,813$4,461,100$5,745,634$4,613,678$6,217,890
Program service revenue$38,293,436$39,550,973$38,918,564$36,958,681$36,376,262
Membership dues$6,556$8,050$6,200$5,975$7,760
Investment income$2,276,478$1,688,286$1,212,257$1,317,813$1,271,113
Other revenue$7,048$324,274$52,191$152,769($150,411)
Total other revenue$40,583,518$41,571,583$40,189,212$38,435,238$37,504,724
Total revenue$46,827,331$46,032,683$45,934,846$43,048,916$43,722,614
 
Expenses20202019201820172016
Program services$39,705,527$40,063,194$39,773,003$36,893,230$35,956,648
Management and general$4,911,930$4,869,689$4,482,395$5,302,076$4,917,932
Fundraising$1,024,518$1,076,097$1,075,580$1,119,237$1,068,568
Total expenses$45,641,975$46,008,980$45,330,978$43,314,543$41,943,148
 
Change in net assets20202019201820172016
Surplus (deficit)$1,185,356$23,703$603,868($265,627)$1,779,466
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,185,356$23,703$603,868($265,627)$1,779,466

Compensation

NameTitleCompensation
Eric TurnerPresident$283,186
Lee SkinkleProvost$142,809
Steve LeshProf/Chair Physical Therapy$133,837
Allison LangfordAssistant Provost & Director$132,893
Tara ParsonVP of Administration$128,561
Brad JohnsonVP For University Relations$124,485

Compensation data as of: 5/31/2020


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 10/27/2020. To update the information below, please email: info@ministrywatch.com


History

Southwest Baptist University first opened its doors in 1878 in Lebanon, MO, as Southwest Baptist College. In 1879 the college was chartered by the state of Missouri and moved to Bolivar. Early writings recount a legacy of sacrificial giving and extraordinary efforts by Baptists in southwest Missouri to establish and maintain the college. The founders, Abner S. Ingman and James R. Maupin, faced many difficulties as they rode horseback seeking funds, students and an ideal college site. Each spring semester, SBU celebrates Founders Day. It is a time to reflect upon our rich heritage and to remember that in 1878, our founding fathers, Ingman and Maupin, established Southwest Baptist College. Founders Day is an important time when we are challenged to reflect on our past and to thank God for the people who have made the success of today possible. The college faced many hardships in its early years and actually closed from 1910-13 to regain financial solvency and to recover from a devastating fire that destroyed the college's only building. The efforts and prayers of area supporters and Missouri Baptists brought results, and the college reopened in 1913 as a two-year junior college. The University has maintained its strong Baptist heritage through its affiliation with the Missouri Baptist Convention, which provides financial support for the University and elects the 25-member board of trustees which governs the institution. The Missouri Baptist Convention approved plans in 1964 for the college to become a senior liberal arts college. The first baccalaureate degrees were awarded in 1967. Bolivar citizens donated a 102-acre farm on the southern edge of the city that allowed the college to expand beyond the small 10-acre campus located near downtown. Another milestone occurred in 1981 when the college name was changed to Southwest Baptist University. In 1995 the University entered a joint nursing education agreement with St. John's Regional Medical Center in Springfield, MO, to form St. John's School of Nursing of SBU. The school became the St. John's College of Nursing and Health Sciences in 2005. St. John's changed its name in 2012, making the name of the college Mercy College of Nursing and Health Sciences of SBU. Today, SBU is a thriving higher education institution with more than 3,600 undergraduate and graduate students enrolled annually. The 152-acre main campus is located in the southern portion of Bolivar, a community of about 10,300 residents that serves as the county seat of Polk County. Bolivar is located about 25 miles north of Springfield, which is the third-largest city in the state of Missouri after St. Louis and Kansas City. The University also operates campuses in Mountain View, Salem and Springfield, MO. An online campus was added in 2019.


Program accomplishments


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