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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating470 of 61869 of 85
Fund acquisition rating324 of 61860 of 85
Resource allocation rating355 of 61864 of 85
Asset utilization rating538 of 61866 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%18%33%17%13%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%3%2%2%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%13%8%12%15%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%3%2%2%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%87%92%88%85%93%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%79%78%87%68%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%99%107%103%101%107%
Program output ratio Program output ratio =
Program services /
Total revenue
80%80%84%80%88%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%1%-7%-3%-1%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%-12%-5%-2%-8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%17%19%20%11%31%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.740.770.770.750.61
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.815.836.046.336.7810.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.184.324.654.855.086.43
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.662.852.262.312.301.28
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.350.440.430.440.78
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.711.801.441.411.340.41
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%54%55%50%52%55%
Debt ratio Debt ratio =
Debt /
Total assets
0%47%47%42%17%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%63%58%65%64%74%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$908,409$1,500,096$1,066,203$2,373,487$4,719,296
Receivables, inventories, prepaids$1,172,365$1,337,708$1,229,501$1,421,560$668,237
Short-term investments$10,185,325$8,936,735$9,072,002$8,202,226$0
Other current assets$0$0$0$0$0
Total current assets$12,266,099$11,774,539$11,367,706$11,997,273$5,387,533
Long-term investments$0$0$0$0$1,474,407
Fixed assets$46,848,225$47,581,486$48,791,029$58,243,416$47,302,212
Other long-term assets$12,448,965$11,768,808$11,776,573$11,097,636$3,092,151
Total long-term assets$59,297,190$59,350,294$60,567,602$69,341,052$51,868,770
Total assets$71,563,289$71,124,833$71,935,308$81,338,325$57,256,303
 
Liabilities20172016201520142013
Payables and accrued expenses$3,713,134$4,668,918$4,309,386$4,505,132$4,196,213
Other current liabilities$590,048$550,892$602,123$715,113$18,000
Total current liabilities$4,303,182$5,219,810$4,911,509$5,220,245$4,214,213
Debt$33,391,105$33,258,235$30,467,638$14,076,533$10,686,742
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$681,424$666,452$714,386$23,172,025$16,695,602
Total long-term liabilities$34,072,529$33,924,687$31,182,024$37,248,558$27,382,344
Total liabilities$38,375,711$39,144,497$36,093,533$42,468,803$31,596,557
 
Net assets20172016201520142013
Unrestricted$5,884,523$5,818,684$10,073,818$14,612,951$14,120,709
Temporarily restricted$4,259,097$4,175,348$3,982,983$4,087,715$594,812
Permanently restricted$23,043,958$21,986,304$21,784,974$20,168,856$10,944,225
Net assets$33,187,578$31,980,336$35,841,775$38,869,522$25,659,746
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$6,776,924$4,276,667$6,570,553$9,054,211$2,239,403
Program service revenue$46,251,407$46,538,277$46,296,483$50,485,479$28,946,568
Membership dues$0$0$0$0$0
Investment income$425,656$340,470$372,793$226,112$480,308
Other revenue$213,543($106,532)$196,247$238,807$819,049
Total other revenue$46,890,606$46,772,215$46,865,523$50,950,398$30,245,925
Total revenue$53,667,530$51,048,882$53,436,076$60,004,609$32,485,328
 
Expenses20172016201520142013
Program services$42,842,898$43,134,541$42,920,236$52,803,135$23,714,445
Management and general$8,930,129$10,210,316$11,085,759$6,882,496$10,695,953
Fundraising$1,196,095$1,414,772$1,117,153$1,208,425$247,654
Total expenses$52,969,122$54,759,629$55,123,148$60,894,056$34,658,052
 
Change in net assets20172016201520142013
Surplus (deficit)$698,408($3,710,747)($1,687,072)($889,447)($2,172,724)
Other changes in net assets$0$0$0$0$0
Total change in net assets$698,408($3,710,747)($1,687,072)($889,447)($2,172,724)

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