Regent University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/12/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Regent University is one of the nation's leading academic centers for Christian thought and action.


Contact information

Mailing address:
Regent University
1000 Regent University Drive
Virginia Beach, VA 23464

Website: regent.edu

Phone: 757-226-2075

Email: admissions@regent.edu


Organization details

EIN: 541061178

CEO/President: Stephen Bruce

Chairman: Phil Walker

Board size: 15

Founder: Pat Robinson

Year founded: 1978

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1989


Purpose

Our vision is to be the most influential, Christian, transformational university in the world. From its inception, Regent University's focus has been on transforming the world. The motto of the school, Christian Leadership to Change the World, points to our desire to impact lives across the globe. Regent is accomplishing this vision by consistently delivering excellent graduate and undergraduate programs both online and on campus in order to prepare Christian leaders for lives of significant purpose and service. With the university's stature as an institution of excellence ever increasing, we humbly but expectantly move to an even higher level of academic quality and global influence.


Mission statement

Regent University serves as a center of Christian thought and action to provide excellent education through a biblical perspective and global context equipping Christian leaders to change the world.


Statement of faith

Regent University is a Christ-centered institution. The board of trustees, along with the faculty and staff of the university, is committed to an evangelical interpretation and application of the Christian faith. The campus community is closely identified with the present-day renewal movement, which emphasizes the gifts, fruit and ministries of the Holy Spirit. All employees are expected to understand and adhere to the following articles of belief: That the Holy Bible is the inspired, infallible and authoritative source of Christian doctrine and precept. That there is one God, eternally existent in three persons: Father, Son and Holy Spirit. That man was created in the image of God but, as a result of sin, is lost and powerless to save himself. That the only hope for man is to believe on the Lord Jesus Christ, the virgin-born Son of God, who died to take upon Himself the punishment for the sin of mankind, and who rose from the dead so that by receiving Him as Savior and Lord, man is redeemed by His blood. That Jesus Christ will personally return to earth in power and glory. That the Holy Spirit indwells those who receive Christ for the purpose of enabling them to live righteous and holy lives. That the Church is the Body of Christ and is composed of all those who through belief in Christ have been spiritually regenerated by the indwelling Holy Spirit. The mission of the Church is worldwide evangelism and the nurturing and discipling of Christians.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating392 of 91148 of 111
Fund acquisition rating632 of 91383 of 111
Resource allocation rating349 of 91340 of 111
Asset utilization rating296 of 91129 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%63%21%141%143%120%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%2%5%1%1%2%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%98%95%99%99%98%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%88%88%87%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%97%98%112%119%116%
Program output ratio Program output ratio =
Program services /
Total revenue
81%84%87%99%104%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%3%2%-12%-19%-16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%8%5%-31%-29%-19%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%11%11%11%16%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.710.750.840.670.59
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.732.102.252.772.592.49
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.501.692.321.741.47
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.083.893.985.536.027.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.260.250.180.170.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.955.955.314.245.737.03
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%71%73%70%63%59%
Debt ratio Debt ratio =
Debt /
Total assets
16%59%62%64%57%53%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%40%36%36%55%70%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$10,211,834$4,441,346$2,077,638$1,313,616$1,129,862
Receivables, inventories, prepaids$5,429,246$5,268,525$1,325,319$2,715,394$9,601,661
Short-term investments$78,823,078$78,019,047$66,281,374$79,773,424$80,600,302
Other current assets$0$0$0$0$0
Total current assets$94,464,158$87,728,918$69,684,331$83,802,434$91,331,825
Long-term investments$14,540,388$14,277,300$23,952,699$31,114,160$31,824,192
Fixed assets$89,526,574$95,092,539$99,110,075$102,380,202$104,063,840
Other long-term assets$0$0$0$0$0
Total long-term assets$104,066,962$109,369,839$123,062,774$133,494,362$135,888,032
Total assets$198,531,120$197,098,757$192,747,105$217,296,796$227,219,857
 
Liabilities20202019201820172016
Payables and accrued expenses$13,795,635$11,818,634$11,705,200$13,002,781$11,657,902
Other current liabilities$10,511,223$10,237,234$886,789$925,041$1,031,681
Total current liabilities$24,306,858$22,055,868$12,591,989$13,927,822$12,689,583
Debt$117,259,331$121,966,626$122,663,061$123,329,610$120,461,267
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$387,247
Total long-term liabilities$117,259,331$121,966,626$122,663,061$123,329,610$120,848,514
Total liabilities$141,566,189$144,022,494$135,255,050$137,257,432$133,538,097
 
Net assets20202019201820172016
Without donor restrictions$31,696,748$27,746,201$31,825,527$55,116,546$70,288,260
With donor restrictions$25,268,183$25,330,062$25,666,528$24,922,818$23,393,500
Net assets$56,964,931$53,076,263$57,492,055$80,039,364$93,681,760
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,580,035$7,024,015$1,613,515$1,502,042$2,283,295
Program service revenue$141,492,682$140,901,386$131,077,303$121,396,665$107,760,566
Membership dues$0$0$0$0$0
Investment income$1,751,947$2,769,031$10,893,457($437,586)$5,641,928
Other revenue$275,405$309,600$275,755$323,002$492,997
Total other revenue$143,520,034$143,980,017$142,246,515$121,282,081$113,895,491
Total revenue$146,100,069$151,004,032$143,860,030$122,784,123$116,178,786
 
Expenses20202019201820172016
Program services$123,198,790$130,754,927$141,946,584$127,310,747$110,528,514
Management and general$16,708,638$16,057,921$17,427,670$16,767,413$21,032,651
Fundraising$1,613,267$1,485,144$2,277,253$2,149,571$2,746,387
Total expenses$141,520,695$148,297,992$161,651,507$146,227,731$134,307,552
 
Change in net assets20202019201820172016
Surplus (deficit)$4,579,374$2,706,040($17,791,477)($23,443,608)($18,128,766)
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,579,374$2,706,040($17,791,477)($23,443,608)($18,128,766)

Compensation

NameTitleCompensation
Mark D MartinDean/Professor - Law School$385,099
Gerson Moreno-RianoExecutive Vice President for Academic Affairs$376,702
Louis A IsakoffVice President and General Counsel$363,842
M G RobertsonChancellor-CEO$306,391
Sherri R MillerFormer Vice President for University Marketing$301,457
Martha J SmithVice President for Human Resources & Administration$286,729
Joseph UmidiExecutive Vice President for Student Life$262,667
Doris GomezDean - Business$235,708
John E MulfordProfessor - Business$218,706
William L HathawayDean - Psychology/Counseling$217,587
Dean A WootenFormer Vice President for Finance$209,896
Marion R WarrenProfessor - Law$184,491
Stephen BruceVice President for Business Administration$183,367
Ann R LeBlancVice President on Special Assignment$151,163
Dorothy C FosterVice President for Univ Marketing & Public Relations$118,462

Compensation data as of: 6/30/2020


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 10/12/2020. To update the information below, please email: info@ministrywatch.com


History

The history of Regent University is an inspiring testament of what vision backed by excellence, innovation and integrity can accomplish. Dr. M.G. "Pat" Robertson had an inspired vision of establishing a graduate-level institution that would train capable men and women for the challenge of representing Christ in their professions. In 1977, his vision materialized - a 70-acre parcel of land in Virginia Beach, Virginia, was cleared, the foundation was poured for the university's first building, and an institution was incorporated as CBN University. The following year, 77 students began classes in modest, rented facilities nearby. Today, thousands of students are earning their associate, bachelor's, master's and doctoral degrees at Regent University. Throughout its dramatic growth as a global center for Christian thought and action, the university has remained steadfast to its mission - Christian Leadership to Change the World.


Program accomplishments


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