Gardner Webb University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/16/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Located in the North Carolina foothills, Gardner-Webb University is a private, Christian, liberal arts university that prepares students to become critical thinkers, leaders and servants in the global community.


Contact information

Mailing address:
Gardner Webb University
110 South Main Street
PO Box 997
Boiling Springs, NC 28017

Website: gardner-webb.edu

Phone: 704-406-4000

Email: admissions@gardner-webb.edu


Organization details

EIN: 560529972

CEO/President: A. Frank Bonner

Chairman: Jennifer Marion Mills

Board size: 0

Founder:

Year founded: 2000

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Rigorous and innovative degree programs, combined with distinctive experiential learning opportunities, shape students into thinkers, doers, and world-changers. Forged within a supportive and diverse Christian community, our students emerge ready to impact their chosen professions, equipped with the skills to advance the frontiers of knowledge, and inspired to make a positive and lasting difference in the lives of others.


Mission statement

The mission of Gardner-Webb University is to prepare graduates for leadership and service in their professional careers and in their personal lives.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating246 of 94015 of 112
Fund acquisition rating346 of 94237 of 112
Resource allocation rating338 of 94236 of 112
Asset utilization rating367 of 94035 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%10%12%22%28%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%9%8%5%5%8%
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%91%92%95%95%92%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%88%88%87%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%103%99%101%101%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%90%86%89%88%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-3%1%-1%-1%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-3%1%-1%0%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%11%11%11%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.630.590.590.600.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.741.681.922.122.735.85
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.051.121.241.653.19
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.079.9610.467.955.632.61
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.100.100.130.180.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8610.249.668.435.992.32
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%23%23%23%25%26%
Debt ratio Debt ratio =
Debt /
Total assets
16%16%16%16%18%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%122%132%132%125%135%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$22,755,599$24,154,944$22,505,844$21,967,965$21,277,539
Receivables, inventories, prepaids$9,235,804$9,695,059$4,996,406$4,874,989$5,558,556
Short-term investments$57,641,273$48,405,482$45,105,639$30,392,222$0
Other current assets$0$0$0$0$0
Total current assets$89,632,676$82,255,485$72,607,889$57,235,176$26,836,095
Long-term investments$6,286,706$19,053,725$22,036,105$32,394,104$61,907,975
Fixed assets$54,047,121$55,864,866$58,653,873$62,405,162$63,839,461
Other long-term assets$405,483$448,847$424,765$4,475,886$4,523,276
Total long-term assets$60,739,310$75,367,438$81,114,743$99,275,152$130,270,712
Total assets$150,371,986$157,622,923$153,722,632$156,510,328$157,106,807
 
Liabilities20202019201820172016
Payables and accrued expenses$3,867,915$4,301,510$5,631,679$6,733,096$6,640,767
Other current liabilities$5,130,583$3,563,251$3,499,752$3,428,941$3,658,837
Total current liabilities$8,998,498$7,864,761$9,131,431$10,162,037$10,299,604
Debt$23,775,871$24,990,441$24,890,044$27,774,984$30,274,076
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,929,649$2,880,471$898,934$774,129$936,838
Total long-term liabilities$25,705,520$27,870,912$25,788,978$28,549,113$31,210,914
Total liabilities$34,704,018$35,735,673$34,920,409$38,711,150$41,510,518
 
Net assets20202019201820172016
Without donor restrictions$51,266,999$54,737,504$56,296,622$57,133,655$58,182,467
With donor restrictions$64,400,969$67,149,746$62,505,601$60,665,523$57,413,822
Net assets$115,667,968$121,887,250$118,802,223$117,799,178$115,596,289
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$8,528,407$7,858,165$4,524,521$4,635,354$7,284,399
Program service revenue$84,575,897$83,767,568$82,117,572$84,041,351$69,129,768
Membership dues$0$0$0$0$0
Investment income($1,657,533)$2,022,323$2,085,327$4,351,285$2,582,260
Other revenue$11,815$16,882$743,373$755,253$9,357,064
Total other revenue$82,930,179$85,806,773$84,946,272$89,147,889$81,069,092
Total revenue$91,458,586$93,664,938$89,470,793$93,783,243$88,353,491
 
Expenses20202019201820172016
Program services$82,367,145$80,891,303$79,386,343$82,399,875$74,047,526
Management and general$11,286,931$10,594,812$9,950,444$10,614,526$10,193,340
Fundraising$851,231$920,134$980,443$1,277,363$1,362,916
Total expenses$94,505,307$92,406,249$90,317,230$94,291,764$85,603,782
 
Change in net assets20202019201820172016
Surplus (deficit)($3,046,721)$1,258,689($846,437)($508,521)$2,749,709
Other changes in net assets$0$0$0$0$0
Total change in net assets($3,046,721)$1,258,689($846,437)($508,521)$2,749,709

Compensation

NameTitleCompensation
Arnold F BonnerFormer President$287,264
William M DownsPresident$212,681
James CraftHead Mens Basketball Coach$203,056
Mike W HardinSenior VP For Administration$196,723
Benjamin C LeslieProvost & EVP$196,438
Felice PolicastroProfessor$189,186
Anthony NegbeneborProfessor$178,080
Ami SteelePa Program Director$166,458
Harry Fish JrVP For Advancement$157,564

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 8/16/2021. To update the information below, please email: info@ministrywatch.com


History

Located in the North Carolina foothills on over 225 acres, Gardner-Webb University is a private, Christian, liberal arts university. Gardner-Webb emphasizes a strong student-centered experience and rigorous academics to prepare students to become effective leaders within the global community. Ignite your future at Gardner-Webb.edu.

From our humble beginnings as Boiling Springs High School in 1905, to our transition to higher education as Gardner-Webb College in 1942, to our evolution in 1993 as Gardner-Webb University, we've come a long way.

Gardner-Webb University was founded as a boarding high school before transitioning into a junior college and four-year institution. Today Gardner-Webb is a thriving regional university featuring a variety of bachelor's, master's and doctoral programs.

A partnership between the Kings Mountain Baptist Association and the Sandy Run Baptist Association established the Boiling Springs High School on December 2, 1905, as an institution "where the young...could have the best possible educational advantages under distinctive Christian influence." This close relationship with area churches continues today.

In response to the changing educational needs of the area, the school was transformed into the Boiling Springs College in 1928. The Great Depression created many challenges for small colleges around the country, but the survival of Gardner-Webb's predecessor was secured by the sacrifices of many loyal financial supporters.

In 1942, North Carolina Governor O. Max Gardner and his wife Fay Webb Gardner began devoting energy, guidance, time and wealth to strengthening the College. The influence of his family was so profound that the board of trustees voted to change the name of the institution to honor the governor, his wife and their families. Gardner-Webb College was born.

The decades following World War II were years of physical growth and academic development. New buildings were erected as enrollments continued to increase. A major step in Gardner-Webb's development was its full accreditation as a four-year college in 1971-1972. In 1980 the institution began offering a Master of Arts degree in education.

The institution officially became known as Gardner-Webb University in January 1993, culminating years of preparation. Gardner-Webb University's six professional schools and 14 academic departments offer more than 80 undergraduate and graduate major fields of study.

Historically the University has played significant roles in teacher education and ministerial preparation for church-related vocations. Programs of instruction and experiences designed to prepare teachers and ministers continue to be major objectives of the University.

Although there have been many changes over the years, Gardner-Webb University holds in high esteem its commitment to Christian principles and values as the best foundation for the development of human personality and social order.

Nationally recognized for character-building programs, Gardner-Webb challenges students to ignite their passions, purposes and professions within an environment that challenges the mind, heart and soul.


Program accomplishments


Needs