High Point University

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 and John Finch

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 rating494 of 72673 of 87
Fund acquisition rating182 of 72720 of 87
Resource allocation rating535 of 72768 of 87
Asset utilization rating608 of 72684 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%10%6%4%4%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%10%13%14%13%15%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%90%87%86%87%85%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%78%79%76%75%67%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%81%81%74%77%75%
Program output ratio Program output ratio =
Program services /
Total revenue
81%64%64%56%58%50%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%19%19%26%23%25%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%9%9%13%12%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%20%20%23%24%32%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.290.300.280.300.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.015.104.495.286.625.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.481.331.471.971.56
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.263.134.163.372.923.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.320.240.300.340.31
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.035.536.845.754.005.28
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%23%25%27%30%34%
Debt ratio Debt ratio =
Debt /
Total assets
18%17%19%22%24%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%266%254%261%237%235%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$91,986,272$94,859,639$71,351,700$62,520,143$79,410,975
Receivables, inventories, prepaids$35,227,610$36,478,237$30,217,032$32,081,382$27,235,450
Short-term investments$32,102,636$37,420,826$32,485,265$0$0
Other current assets$0$0$0$0$0
Total current assets$159,316,518$168,758,702$134,053,997$94,601,525$106,646,425
Long-term investments$21,801,895$24,995,829$24,376,625$48,160,579$49,178,830
Fixed assets$618,144,088$551,630,694$535,219,625$472,010,087$424,348,958
Other long-term assets$14,009,711$12,681,536$14,124,660$11,910,988$12,927,439
Total long-term assets$653,955,694$589,308,059$573,720,910$532,081,654$486,455,227
Total assets$813,272,212$758,066,761$707,774,907$626,683,179$593,101,652
 
Liabilities20192018201720162015
Payables and accrued expenses$35,984,024$29,324,813$29,774,779$23,152,793$24,870,091
Other current liabilities$14,958,281$11,271,681$9,955,050$9,294,447$8,441,531
Total current liabilities$50,942,305$40,596,494$39,729,829$32,447,240$33,311,622
Debt$136,666,433$144,606,970$152,655,362$150,973,992$165,999,029
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,107,548$1,308,356$1,468,283$1,552,202$1,851,356
Total long-term liabilities$137,773,981$145,915,326$154,123,645$152,526,194$167,850,385
Total liabilities$188,716,286$186,511,820$193,853,474$184,973,434$201,162,007
 
Net assets20192018201720162015
Unrestricted$511,573,275$458,644,675$418,575,518$359,623,744$313,874,013
Temporarily restricted$61,290,676$64,528,111$52,505,179$42,578,142$41,355,866
Permanently restricted$51,691,975$48,382,155$42,840,736$39,507,859$36,709,766
Net assets$624,555,926$571,554,941$513,921,433$441,709,745$391,939,645
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$29,906,831$37,205,988$36,546,081$31,426,550$33,291,966
Program service revenue$256,417,406$235,352,752$224,069,566$206,806,729$186,451,163
Membership dues$0$0$0$0$0
Investment income$1,248,105$2,962,384$4,083,015$2,558,508$2,499,993
Other revenue$2,544,507$2,611,375$890,948$483,120$370,628
Total other revenue$260,210,018$240,926,511$229,043,529$209,848,357$189,321,784
Total revenue$290,116,849$278,132,499$265,589,610$241,274,907$222,613,750
 
Expenses20192018201720162015
Program services$184,532,155$176,637,938$149,287,693$139,983,074$111,430,276
Management and general$47,645,760$45,725,907$46,092,454$45,264,155$53,343,050
Fundraising$2,897,199$2,408,900$1,488,469$1,377,633$1,967,543
Total expenses$235,075,114$224,772,745$196,868,616$186,624,862$166,740,869
 
Change in net assets20192018201720162015
Surplus (deficit)$55,041,735$53,359,754$68,720,994$54,650,045$55,872,881
Other changes in net assets$0$0$0$0$0
Total change in net assets$55,041,735$53,359,754$68,720,994$54,650,045$55,872,881

Compensation

NameTitleCompensation
Nido QubeinPresident$1,652,070
Tubby SmithCoach$820,486
Dennis CarrollProvost/Vice President$330,713
Andrew BillsSenior Vice President$310,711
Chris DudleySenior Vice President$294,851
Ronald RaganDean of Pharmacy$262,538
Daniel ErbDean of Health Sciences/Professor$251,625
Scott CherryCoach$242,020
Scott HembyPharmacy Professor$220,738
Roger ClodfelterSenior Vice President$209,031
Debi ButtVice President$208,229
Gail TuttleSenior Vice President$205,187
Douglas VinzantSenior Vice President$182,285
Steve PotterVice President$171,335
Dan HauserAthletic Director$154,479
Denny G BoltonFormer Executive Vice President$150,000
Stephanie CroftonVice President$139,586
Jeff AdamsVice President$136,077
Jacob MartinsonFormer President/Honorary Trustee$35,339

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


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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