High Point University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/29/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

High Point University is a private liberal arts college located in central North Carolina.


Contact information

Mailing address:
High Point University
One University Parkway
High Point, NC 27268

Website: highpoint.edu

Phone: (336) 841-9000

Email: admiss@highpoint.edu


Organization details

EIN: 560529999

CEO/President: Dr. Nido Qubein

Chairman: Bob Brown

Board size: 0

Founder:

Year founded: 2009

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

The vision of High Point University is to be a nationally prominent, private institution recognized for the excellence of its academic programs, the depth of its values based culture, the breadth of its inclusiveness, and the strength of its commitment to help students lead lives of significance.


Mission statement

The mission of High Point University is to deliver educational experiences that enlighten, challenge, and prepare students to lead lives of significance in complex global communities.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating752 of 94097 of 112
Fund acquisition rating389 of 94247 of 112
Resource allocation rating673 of 94280 of 112
Asset utilization rating859 of 940107 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%12%10%6%4%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%11%10%13%14%13%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%89%90%87%86%87%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%80%78%79%76%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%84%81%81%74%77%
Program output ratio Program output ratio =
Program services /
Total revenue
81%67%64%64%56%58%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%16%19%19%26%23%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%7%9%9%13%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%20%20%23%24%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.290.290.300.280.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.747.605.104.495.286.62
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.181.481.331.471.97
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.071.553.134.163.372.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.650.320.240.300.34
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.861.955.536.845.754.00
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%23%23%25%27%30%
Debt ratio Debt ratio =
Debt /
Total assets
16%15%17%19%22%24%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%267%266%254%261%237%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$46,777,814$91,986,272$94,859,639$71,351,700$62,520,143
Receivables, inventories, prepaids$26,820,336$35,227,610$36,478,237$30,217,032$32,081,382
Short-term investments$39,963,244$32,102,636$37,420,826$32,485,265$0
Other current assets$0$0$0$0$0
Total current assets$113,561,394$159,316,518$168,758,702$134,053,997$94,601,525
Long-term investments$24,960,888$21,801,895$24,995,829$24,376,625$48,160,579
Fixed assets$711,657,699$618,144,088$551,630,694$535,219,625$472,010,087
Other long-term assets$13,264,404$14,009,711$12,681,536$14,124,660$11,910,988
Total long-term assets$749,882,991$653,955,694$589,308,059$573,720,910$532,081,654
Total assets$863,444,385$813,272,212$758,066,761$707,774,907$626,683,179
 
Liabilities20202019201820172016
Payables and accrued expenses$36,158,263$35,984,024$29,324,813$29,774,779$23,152,793
Other current liabilities$37,117,293$14,958,281$11,271,681$9,955,050$9,294,447
Total current liabilities$73,275,556$50,942,305$40,596,494$39,729,829$32,447,240
Debt$128,760,462$136,666,433$144,606,970$152,655,362$150,973,992
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$732,979$1,107,548$1,308,356$1,468,283$1,552,202
Total long-term liabilities$129,493,441$137,773,981$145,915,326$154,123,645$152,526,194
Total liabilities$202,768,997$188,716,286$186,511,820$193,853,474$184,973,434
 
Net assets20202019201820172016
Without donor restrictions$543,294,184$511,573,275$458,644,675$418,575,518$359,623,744
With donor restrictions$117,381,204$112,982,651$112,910,266$95,345,915$82,086,001
Net assets$660,675,388$624,555,926$571,554,941$513,921,433$441,709,745
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$32,360,327$29,906,831$37,205,988$36,546,081$31,426,550
Program service revenue$258,127,754$256,417,406$235,352,752$224,069,566$206,806,729
Membership dues$0$0$0$0$0
Investment income$2,158,969$1,248,105$2,962,384$4,083,015$2,558,508
Other revenue$2,127,115$2,544,507$2,611,375$890,948$483,120
Total other revenue$262,413,838$260,210,018$240,926,511$229,043,529$209,848,357
Total revenue$294,774,165$290,116,849$278,132,499$265,589,610$241,274,907
 
Expenses20202019201820172016
Program services$197,357,606$184,532,155$176,637,938$149,287,693$139,983,074
Management and general$46,445,558$47,645,760$45,725,907$46,092,454$45,264,155
Fundraising$3,928,918$2,897,199$2,408,900$1,488,469$1,377,633
Total expenses$247,732,082$235,075,114$224,772,745$196,868,616$186,624,862
 
Change in net assets20202019201820172016
Surplus (deficit)$47,042,083$55,041,735$53,359,754$68,720,994$54,650,045
Other changes in net assets$0$0$0$0$0
Total change in net assets$47,042,083$55,041,735$53,359,754$68,720,994$54,650,045

Compensation

NameTitleCompensation
Nido QubeinPresident$3,443,945
Tubby SmithCoach$1,099,809
Dennis CarrollProvost/Vice President$352,284
Andrew BillsSenior Vice President$322,766
Chris DudleySenior Vice President$307,324
Daniel ErbDean of Health Sciences/Professor$277,910
Ronald RaganDean of Pharmacy$259,603
Scott HembyPharmacy Professor$234,603
Mariann TilleryDean of Education/Professor$233,365
Debi ButtVice President$228,540
Roger ClodfelterSenior Vice President$226,283
Gail TuttleSenior Vice President$224,232
Steve PotterVice President$188,299
Brad CallowaySenior Vice President$185,154
Dan HauserAthletic Director$166,936
Stephanie CroftonVice President$157,925
Jeff AdamsVice President$154,938
Denny G BoltonFormer Executive Vice President$100,000
Douglas VinzantSenior Vice President$82,342
Jacob MartinsonFormer President/Honorary Trustee$35,339

Compensation data as of: 5/31/2020


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 6/29/2021. To update the information below, please email: info@ministrywatch.com


History

In 1924 High Point College opened as a cooperative venture between the Methodist Protestant Church and the City of High Point. The campus consisted of three partially completed buildings, there were nine faculty members, and student enrollment was 122. Today the University has 122 buildings, is attractively landscaped, the full-time faculty numbers nearly 300, and approximately 4,600 students are enrolled in a wide variety of daytime, evening, and summer programs. Much has changed over the years. Yet the mission of High Point University may still be best expressed in the words of its founders more than nine decades ago: "to help us to appreciate and to love our own, to know our needs and opportunities, and to make ourselves more efficient servants of Christ."

The Methodist Protestant Church, which is now part of The United Methodist Church, first became active in educational pursuits in North Carolina in the middle of the 19th century. Of the various institutions which it sponsored, the most ambitious was Yadkin College, which operated in Davidson County from 1856 to 1895 but failed because of its isolated rural location.

At the turn of the century, the vision of a church-related college was revived by The Reverend Joseph F. McCulloch of Greensboro, who labored for nearly a quarter-century to make it a reality. The Annual Conference finally voted to proceed in 1921. Shortly afterwards it accepted an offer from the thriving city of High Point to contribute 60 acres of land and $100,000 to the project. Classes began in September 1924, even as the finishing touches were still being added to the original buildings.

The atmosphere of confidence which attended the birth of the College ended abruptly with the Great Depression. For many years thereafter, the struggle to survive was a severe one. Faculty salaries were eventually in arrears by as much as fifteen years, while students occasionally paid tuition in chickens, pigs, and vegetables. In 1934 the College underwent bankruptcy and reorganization in an effort to reduce its indebtedness. Yet slowly this situation began to improve. By the end of the decade, library and gymnasium facilities had been added, and (with W.P.A. assistance) an athletic stadium was constructed. During World War II, the College hosted the 326th College Training Detachment of the U.S. Army Air Force. Financial stability ultimately returned with the liquidation of the debt in 1945.

The postwar decades brought renewed prosperity and rapid growth. Under the influences of the GI Bill® and the "baby boom" of the 1940s and 1950s, enrollment more than tripled, with a corresponding increase in staff. The College's programs received full regional accreditation in 1951. Additional facilities were added in response to this growth in size and professionalism: four residence halls between 1953 and 1968, two classroom buildings, a second gymnasium, an auditorium, a chapel, and a campus center. Crowning the physical expansion was Smith Library, completed in the spring of 1984, with a capacity three times the size of the former facility. The original men's residence hall was replaced in 1987 with a 221-resident facility. The Millis Athletic/Convocation Center was opened in late 1992 and provides facilities for convocations, physical education, athletic, and health activities.

On October 9, 1991, by the action of the Board of Trustees, the name of High Point College was changed to High Point University. High Point University offers day and evening undergraduate degree programs (Bachelor of Arts and Bachelor of Science) and evening graduate degree programs (Master of Arts, Master of Education, Master of Arts in Teaching, Master of Business Administration, Master of Physician Assistant Studies, Doctor of Education, and Doctor of Pharmacy). In addition, HPU offers 64 study abroad destinations, including semester- and year-long exchanges, two- to four-week Global Experience "Maymesters," faculty-in-residence programs and more.

High Point University announced in October 2007 that it was doubling its investment in academic programs, student life, scholarships and construction of new facilities. The university's board of trustees approved doubling the investment in the university from $110 to $225 million over a period of three years. The campus transformation is made possible through gifts, bonds and operating revenues.

Since 2005, 90 new buildings have been built, acquired or are under construction on the HPU campus - including state-of-the-art academic schools, student centers, residence halls and athletic stadiums. The acquisition of more than 300 acres of land puts the campus now at 430 acres total. The board has approved the construction of an arena and conference center, undergraduate sciences building, parking deck, new restaurants, and two new residential facilities to accommodate the growth of traditional day students from 1,500 to 4,500 today.


Program accomplishments

HPU is a private comprehensive institution, rooted in the liberal arts, with 5,200 undergraduate and graduate students from 48 states and 37 countries. High Point University currently offers 58 undergraduate majors, 57 undergraduate minors and 13 graduate degree programs, including doctoral programs in educational leadership, pharmacy and physical therapy. High Point is a small school with big school facilities. Its 16 varsity teams play at the NCAA Division I level.


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