Evangel University

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

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 rating483 of 91361 of 111
Fund acquisition rating663 of 91589 of 111
Resource allocation rating557 of 91566 of 111
Asset utilization rating193 of 91312 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%23%23%20%18%33%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%11%10%11%13%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%3%2%2%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%89%90%89%87%92%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%83%82%82%81%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%99%103%103%99%107%
Program output ratio Program output ratio =
Program services /
Total revenue
81%81%85%84%80%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%1%-3%-3%1%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%-6%-4%2%-12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%15%16%15%17%19%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.750.800.760.740.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.735.125.475.625.836.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.623.824.364.284.324.65
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.082.332.522.652.852.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.430.400.380.350.44
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.951.791.661.741.801.44
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%60%56%54%54%55%
Debt ratio Debt ratio =
Debt /
Total assets
16%51%47%47%47%47%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%54%56%60%63%58%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$5,758,101$1,150,696$754,210$908,409$1,500,096
Receivables, inventories, prepaids$1,171,652$1,010,524$1,056,734$1,172,365$1,337,708
Short-term investments$8,027,907$10,481,531$10,826,344$10,185,325$8,936,735
Other current assets$0$0$0$0$0
Total current assets$14,957,660$12,642,751$12,637,288$12,266,099$11,774,539
Long-term investments$0$0$0$0$0
Fixed assets$49,704,649$43,098,816$44,414,141$46,848,225$47,581,486
Other long-term assets$11,945,374$13,456,981$13,930,986$12,448,965$11,768,808
Total long-term assets$61,650,023$56,555,797$58,345,127$59,297,190$59,350,294
Total assets$76,607,683$69,198,548$70,982,415$71,563,289$71,124,833
 
Liabilities20202019201820172016
Payables and accrued expenses$3,979,608$4,494,119$4,210,617$3,713,134$4,668,918
Other current liabilities$2,443,576$515,477$564,009$590,048$550,892
Total current liabilities$6,423,184$5,009,596$4,774,626$4,303,182$5,219,810
Debt$38,898,005$32,786,384$33,019,161$33,391,105$33,258,235
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$564,567$726,118$752,543$681,424$666,452
Total long-term liabilities$39,462,572$33,512,502$33,771,704$34,072,529$33,924,687
Total liabilities$45,885,756$38,522,098$38,546,330$38,375,711$39,144,497
 
Net assets20202019201820172016
Without donor restrictions($1,968,624)($1,784,554)$1,868,864$5,884,523$5,818,684
With donor restrictions$32,690,551$32,461,004$30,567,221$27,303,055$26,161,652
Net assets$30,721,927$30,676,450$32,436,085$33,187,578$31,980,336
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,298,283$5,540,352$5,932,907$6,776,924$4,276,667
Program service revenue$48,761,527$47,596,364$46,198,691$46,251,407$46,538,277
Membership dues$0$0$0$0$0
Investment income$409,611$533,263$398,334$425,656$340,470
Other revenue$2,527,691($434,939)$242,578$213,543($106,532)
Total other revenue$51,698,829$47,694,688$46,839,603$46,890,606$46,772,215
Total revenue$57,997,112$53,235,040$52,772,510$53,667,530$51,048,882
 
Expenses20202019201820172016
Program services$47,252,027$45,118,163$44,566,705$42,842,898$43,134,541
Management and general$8,501,156$8,709,672$8,355,305$8,930,129$10,210,316
Fundraising$1,448,647$1,246,940$1,204,969$1,196,095$1,414,772
Total expenses$57,201,830$55,074,775$54,126,979$52,969,122$54,759,629
 
Change in net assets20202019201820172016
Surplus (deficit)$795,282($1,839,735)($1,354,469)$698,408($3,710,747)
Other changes in net assets$0$0$0$0$0
Total change in net assets$795,282($1,839,735)($1,354,469)$698,408($3,710,747)

Compensation

NameTitleCompensation
Dr Carol TaylorPresident$239,225
Linda AllenVP of Business & Finance/CFO$176,298
Michael McCorcleVP/Provost$151,663
Michael KolstadVP For Institutional Advanceme$133,436
Sheri PhillipsVP Student Development$120,811

Compensation data as of: 4/30/2020


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


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