Evangel University

Summary

Evangel University is located on historic Route 66 in Springfield, Missouri. Founded in 1955, Evangel is a private Christian university of arts, sciences and professions, drawing more than 2,000 students from all 50 states and numerous foreign countries. EU offers more than 100 undergrad academic programs, plus nine master's degree programs. Evangel also offers a degree completion program with several majors, in the adult education Professional Studies Program.


Contact information

Mailing address:
Evangel University
1111 N. Glenstone Ave.
Springfield, MO 65802

Website: evangel.edu

Phone: 417-865-2815

Email: admissions@evangel.edu


Organization details

EIN: 440589787

CEO/President: Dr. Carol Taylor

Chairman: Dr. George Wood

Board size: 21

Founder:

Year founded: 2019

Tax deductible: Yes

Fiscal year end: 04/30

Member of ECFA: No

Member of ECFA since:


Purpose

We prepare students for a career and a life of following Jesus, no matter where they go.


Mission statement

Evangel University is a comprehensive Christian university committed to excellence in educating and equipping students to become Spirit-empowered servants of God who impact the Church and society globally.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating344 of 72549 of 87
Fund acquisition rating475 of 72662 of 87
Resource allocation rating459 of 72660 of 87
Asset utilization rating122 of 7258 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%23%20%18%33%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
10%10%11%13%8%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%90%89%87%92%88%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%82%82%81%79%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%103%103%99%107%103%
Program output ratio Program output ratio =
Program services /
Total revenue
81%85%84%80%84%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-3%-3%1%-7%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-6%-4%2%-12%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%16%15%17%19%20%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.800.760.740.770.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.015.475.625.836.046.33
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.644.364.284.324.654.85
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.262.522.652.852.262.31
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.400.380.350.440.43
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.031.661.741.801.441.41
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%56%54%54%55%50%
Debt ratio Debt ratio =
Debt /
Total assets
18%47%47%47%47%42%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%56%60%63%58%65%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,150,696$754,210$908,409$1,500,096$1,066,203
Receivables, inventories, prepaids$1,010,524$1,056,734$1,172,365$1,337,708$1,229,501
Short-term investments$10,481,531$10,826,344$10,185,325$8,936,735$9,072,002
Other current assets$0$0$0$0$0
Total current assets$12,642,751$12,637,288$12,266,099$11,774,539$11,367,706
Long-term investments$0$0$0$0$0
Fixed assets$43,098,816$44,414,141$46,848,225$47,581,486$48,791,029
Other long-term assets$13,456,981$13,930,986$12,448,965$11,768,808$11,776,573
Total long-term assets$56,555,797$58,345,127$59,297,190$59,350,294$60,567,602
Total assets$69,198,548$70,982,415$71,563,289$71,124,833$71,935,308
 
Liabilities20192018201720162015
Payables and accrued expenses$4,494,119$4,210,617$3,713,134$4,668,918$4,309,386
Other current liabilities$515,477$564,009$590,048$550,892$602,123
Total current liabilities$5,009,596$4,774,626$4,303,182$5,219,810$4,911,509
Debt$32,786,384$33,019,161$33,391,105$33,258,235$30,467,638
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$726,118$752,543$681,424$666,452$714,386
Total long-term liabilities$33,512,502$33,771,704$34,072,529$33,924,687$31,182,024
Total liabilities$38,522,098$38,546,330$38,375,711$39,144,497$36,093,533
 
Net assets20192018201720162015
Unrestricted($1,784,554)$1,868,864$5,884,523$5,818,684$10,073,818
Temporarily restricted$6,833,261$5,600,326$4,259,097$4,175,348$3,982,983
Permanently restricted$25,627,743$24,966,895$23,043,958$21,986,304$21,784,974
Net assets$30,676,450$32,436,085$33,187,578$31,980,336$35,841,775
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,540,352$5,932,907$6,776,924$4,276,667$6,570,553
Program service revenue$47,596,364$46,198,691$46,251,407$46,538,277$46,296,483
Membership dues$0$0$0$0$0
Investment income$533,263$398,334$425,656$340,470$372,793
Other revenue($434,939)$242,578$213,543($106,532)$196,247
Total other revenue$47,694,688$46,839,603$46,890,606$46,772,215$46,865,523
Total revenue$53,235,040$52,772,510$53,667,530$51,048,882$53,436,076
 
Expenses20192018201720162015
Program services$45,118,163$44,566,705$42,842,898$43,134,541$42,920,236
Management and general$8,709,672$8,355,305$8,930,129$10,210,316$11,085,759
Fundraising$1,246,940$1,204,969$1,196,095$1,414,772$1,117,153
Total expenses$55,074,775$54,126,979$52,969,122$54,759,629$55,123,148
 
Change in net assets20192018201720162015
Surplus (deficit)($1,839,735)($1,354,469)$698,408($3,710,747)($1,687,072)
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,839,735)($1,354,469)$698,408($3,710,747)($1,687,072)

Compensation

NameTitleCompensation
Dr Carol TaylorPresident$224,958
Linda AllenVP of Business & Finance/CFO$152,841
Michael McCorcleVP/ Provost$149,608
Mark HausfeldVP Agts$145,574
Michael KolstadVP For Institutional Advanceme$132,351
Sheri PhillipsVP Student Development$120,194
Gary Blackard Ending 012019VP Srategy & Innovation/CIO$119,130

Compensation data as of: 4/30/2019


Response from ministry

No response has been provided by this ministry.


History

Evangel University, the first Pentecostal liberal arts college chartered in America, opened its doors on September 1, 1955. In those early days, there were only a few men who dreamed about a school like Evangel, where Assemblies of God students' faith would be nurtured and his or her life's calling could be discovered. However, not everyone shared those dreams. It would take more than a desire to make Evangel a reality.

The Rev. Ralph M. Riggs, general superintendent of the Assemblies of God at that time, was known as "Mr. Education" in the AG. Against some strong opposition from many members of the Assemblies of God, Riggs spearheaded the movement to create Evangel, and after several earlier attempts failed, the resolution to create Evangel finally passed at the 1953 General Council in Milwaukee, Wisconsin. Once the resolution was approved, a location for the new college had to be found.

At the time of the search for a permanent home for Evangel, the U.S. government declared the land and buildings of O'Reilly General Hospital in Springfield, Missouri, as surplus property. The hospital was built during World War II to treat wounded soldiers and was always meant to be a temporary site. After a short stint as a veterans hospital in the post-war period, O'Reilly was shut down in 1952.

Ralph Riggs, along with several other leaders in the movement, stood on the ground of O'Reilly General Hospital and prayed, asking the Lord to let the site be used for Evangel College. After Assemblies of God executives mailed a 51-page application to the Department of Health, Education and Welfare on April 26, 1954, months went by with no word. Following that, complicated negotiations ensued. The AG knew that any city, county, state or federal agency that wanted the land would receive preference. Still, the leaders prayed.

After more prayer and a few final obstacles to overcome, the AG received the deed to 57 1/2 acres of O'Reilly property on December 8, 1954. Evangel opened its doors to the first freshman class on September 1, 1955. The founding of the General Council of the Assemblies of God in 1914 was marked by an emphasis upon the need for training ministers and missionaries. Central Bible College (CBC) was established in 1922 in response to this need.

CBC's inaugural classes assembled in the basement of the old Central Assembly of God church building. The crowded quarters, which included only two classrooms, were soon outgrown. Businessmen contributed $5,000 for purchase of a 15-acre tract on North Grant Avenue, and construction began. With a student body of 132, Central Bible College occupied its new building, Bowie Hall, in 1924. The first class graduated in 1925. Later, more land was acquired, increasing the size of the campus to 32 acres.

Along with establishing a fully operational campus, a solid foundation of Biblical principles and practical training was laid by leaders of CBC through the early years.

Adding to Central Bible College's rapid growth, three other schools merged with CBC: Bethel Bible Training Institute of Newark, New Jersey in 1929; South Central Bible College of Hot Springs, Arkansas in 1953; and Great Lakes Bible Institute, Zion, Illinois, in 1954.

The first full-time president was Bartlett Peterson, who began his administration in 1948. In the same year, CBC inaugurated its fourth year of course work, leading to a bachelor degree, and became a charter member of the Accrediting Association of Bible Colleges. Under the leadership of Philip Crouch, the name was changed from Central Bible Institute to Central Bible College. Many new facilities were added to the campus throughout his presidency.

CBC's campus and program offerings continued to grow through the early 2000s. When a vision was cast for consolidation to occur, CBC's programs were proposed to help form a new School of Theology and Church Ministries. That vision became a reality, as students and faculty from CBC assumed vital roles while integrating and becoming part of Evangel.


Program accomplishments


Needs