Montreat College

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

Montreat College is a private, Christian, liberal arts college founded in 1916 and offering associate, bachelor's, and master's degree programs for traditional and adult students. Montreat College's main campus for four-year traditional students is located in Montreat, North Carolina, in the foothills of the Blue Ridge Mountains just outside Asheville. The college's School of Adult and Graduate Studies also has locations in Asheville, Charlotte, Morganton, and online.


Contact information

Mailing address:
Montreat College
PO Box 1267
Montreat, NC 28757

Website: montreat.edu

Phone: 828-669-8012

Email: admissions@montreat.edu


Organization details

EIN: 560543261

CEO/President: Paul J. Maurer

Chairman: Dr. Jeffery E. Heck

Board size: 21

Founder: John C. Collins, J.R. Howerton, Robert C. Anderson

Year founded: 1947

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Montreat College seeks to be a leader in Christ-centered higher education regionally, nationally, and globally.


Mission statement

Montreat College is an independent, Christ-centered, liberal arts institution that educates students through intellectual inquiry, spiritual formation, and preparation for calling and career, all to impact the world for Jesus Christ


Statement of faith

The trustees and employees of Montreat College constitute an academic community of caring believers committed to the Lordship of Jesus Christ. Students are welcomed to this Christian community regardless of belief.

The trustees and employees commit themselves to the following faith statement drawn from the college's Reformed tradition:

We believe in one sovereign God, eternally existing in three persons: God the Father; His only begotten Son, Jesus Christ, our Lord and Savior; and the Holy Spirit, the giver of life. (Daniel 4:25, 35; Mark 12:29; John 1:1, 14, 18; 14:28; 15:26; 16:28; Romans 9:15-23; Revelation 4:11)

We believe the Bible, the sixty-six books of the Old and New Testaments, is the infallible Word of God, completely inspired and authoritative, and is to govern Christians in every aspect of life and conduct. (I Thessalonians 2:13; II Timothy 3:16; II Peter 1:21)

We believe Jesus is the Christ, the Son of the living God, whom the Father sent into the world to atone for the sin of humanity. Jesus was conceived by the Holy Spirit, born of the Virgin Mary, and lived a life without sin. He was crucified and rose victoriously from the dead. Through His gift of grace, we as believers are redeemed for all eternity and are reconciled to the Heavenly Father. (Luke 1:26-37; 2:6, 7; John 3:16; Romans 3:10, 23; Romans 5:12-15; I John 3:8)

We believe the Holy Spirit is a free gift to believers from the Father and the Son to live within us and to empower us to love and obey the Lord and His Word. (John 14:15-17; John 16: 5-15; Ephesians 1:13-14)

We believe the Triune God is the sole Creator and Sustainer of the universe. God created all things and declared all He created to be good. After creating Adam and Eve in His own image, in a state of original righteousness, and distinct from all other living creatures, the Lord gave to all humanity the responsibility of caring for His world. (Genesis 1-2; John 1:1-18)

We believe God's good and perfect creation became tainted in every aspect by sin from humanity's rebellion against God. We acknowledge the existence, evil power, and influence of Satan. (Genesis 3; Ephesians 6:12)

We believe the Church is all who believe in and confess Jesus Christ as Savior and Lord and receive God's grace. We are called by God to be His one body of believers, gathered in communities. Empowered by the Holy Spirit, the Church's call is to declare His Good News of salvation to the fallen and lost world, to make disciples, and to serve all who are wounded, broken, and neglected. (Matthew 28:16-20; Mark 16:15-18; Romans 10:9-10; II Corinthians 5:17-21; Ephesians 2:8-9; 4)

We believe all those who profess Jesus as Savior and Lord are to follow in His Way and are to live as those who magnify and glorify Him, the Head of His Church. As forgiven followers, we are called to live holy and blameless lives through the power of the Holy Spirit until that time when Jesus Christ shall return in all His glory. (I Corinthians 1:2; Ephesians 4:22-24; Hebrews 10:14; I John 3:4-9; 4:4; 5:1-5)

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating469 of 94052 of 112
Fund acquisition rating579 of 94271 of 112
Resource allocation rating661 of 94279 of 112
Asset utilization rating183 of 94011 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%17%15%11%11%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%3%2%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%13%19%20%23%24%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%3%2%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%87%81%80%77%76%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%81%82%83%83%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%102%101%97%96%98%
Program output ratio Program output ratio =
Program services /
Total revenue
81%83%83%80%80%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-2%-1%3%4%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-3%-1%5%5%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%17%15%15%14%14%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.960.920.860.840.81
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.742.773.073.093.483.30
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.652.822.662.942.68
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.074.262.512.642.412.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.230.400.380.410.42
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.863.472.562.812.392.58
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%43%41%42%42%46%
Debt ratio Debt ratio =
Debt /
Total assets
16%27%20%17%19%17%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%60%64%67%69%67%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,363,312$3,854,388$1,157,678$3,167,028$4,301,669
Receivables, inventories, prepaids$3,174,019$3,118,766$5,763,099$3,701,954$2,774,563
Short-term investments$3,026,493$2,604,872$2,561,402$1,531,646$1,873,588
Other current assets$0$0$0$0$0
Total current assets$10,563,824$9,578,026$9,482,179$8,400,628$8,949,820
Long-term investments$1,612,182$1,581,911$1,600,880$2,729,885$1,636,659
Fixed assets$14,625,330$15,070,594$15,077,267$13,787,600$12,828,798
Other long-term assets$2,430,247$3,162,280$3,099,477$4,344,455$6,105,669
Total long-term assets$18,667,759$19,814,785$19,777,624$20,861,940$20,571,126
Total assets$29,231,583$29,392,811$29,259,803$29,262,568$29,520,946
 
Liabilities20202019201820172016
Payables and accrued expenses$2,037,318$2,796,586$2,612,555$2,730,065$2,806,448
Other current liabilities$442,230$1,018,048$981,558$748,740$993,466
Total current liabilities$2,479,548$3,814,634$3,594,113$3,478,805$3,799,914
Debt$7,974,316$5,882,413$5,078,960$5,481,369$4,970,131
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,011,552$2,433,691$3,727,788$3,276,165$4,695,121
Total long-term liabilities$9,985,868$8,316,104$8,806,748$8,757,534$9,665,252
Total liabilities$12,465,416$12,130,738$12,400,861$12,236,339$13,465,166
 
Net assets20202019201820172016
Without donor restrictions$7,230,509$8,579,964$10,492,957$10,553,494$9,759,153
With donor restrictions$9,535,658$8,682,109$6,365,985$6,472,735$6,296,627
Net assets$16,766,167$17,262,073$16,858,942$17,026,229$16,055,780
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,597,892$5,172,826$5,194,277$5,910,813$5,809,165
Program service revenue$23,222,910$21,219,760$19,970,484$18,935,884$18,143,489
Membership dues$0$0$0$0$0
Investment income($9,061)($30,087)$467,657$322,346$296,763
Other revenue$613,846$509,298$393,287$445,853$240,408
Total other revenue$23,827,695$21,698,971$20,831,428$19,704,083$18,680,660
Total revenue$27,425,587$26,871,797$26,025,705$25,614,896$24,489,825
 
Expenses20202019201820172016
Program services$22,634,214$22,201,396$20,801,304$20,512,616$20,009,218
Management and general$4,726,912$4,076,064$3,819,803$3,511,279$3,277,176
Fundraising$621,471$770,314$556,070$661,884$691,352
Total expenses$27,982,597$27,047,774$25,177,177$24,685,779$23,977,746
 
Change in net assets20202019201820172016
Surplus (deficit)($557,010)($175,977)$848,528$929,117$512,079
Other changes in net assets$0$0$0$0$0
Total change in net assets($557,010)($175,977)$848,528$929,117$512,079

Compensation

NameTitleCompensation
Paul MaurerPresident$274,523
Jack HeinenCFO$129,812
Joseph KirklandCounselor To the President$116,214

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

1897: The beauty and tranquility of the Blue Ridge Mountains led Congregationalist minister John C. Collins to form the Mountain Retreat Association "for the encouragement of Christian work and living through Christian convention, public worship, missionary work, schools, and libraries."

1907: J. R. Howerton of Charlotte, NC, conceived and carried out the idea of purchasing Montreat for the Presbyterian Church in the United States.

1913: Dr. Robert C. Anderson, president of the Mountain Retreat Association, proposed that the grounds and facilities of the Association be used for a school during the academic year.

1915: The General Assembly decreed "that the property of the Mountain Retreat Association be used for a Normal School and that the establishment of the school be referred to the Synods."

1916: The Synods of Appalachia, Georgia, Alabama, North Carolina, Tennessee, and Virginia elected trustees who met in Montreat on May 2. They elected Dr. Robert F. Campbell of Asheville, NC, chairman; Mr. W. T. Thompson Jr. of Knoxville, TN, secretary; and Ruling Elder T. S. Morrison of Asheville, NC, treasurer.

1916: The Montreat Normal School, a four-year preparatory and two-year college combination, opened its first session in October with eight students. Montreat Normal School continued to grow over the years. Throughout times of war, economic fluctuations, and rapid social change, the school sought to provide a Christian context for young women who were there to be trained as teachers.

1934: Montreat Normal School (College Department) was renamed Montreat College during Dr. Robert C. Anderson's tenure as president. The college grew as its academic program expanded.

1945: Montreat College began a four-year college for women.

1959: After 14 years as a four-year women's college, Montreat was restructured as a coeducational junior college and given a new name: Montreat-Anderson College.

1986: Realizing the demands and changing circumstances in higher education, the college Board of Trustees made the decision to once again become a baccalaureate institution. The dream of its first president, Dr. Anderson, was for the college to serve as an accredited baccalaureate institution. The college has realized that dream.

1995: The original name of Montreat College was restored in August, sharing the original vision and identity. The change reflects the Montreat College of today-a four-year college with several growing campuses and a graduate program.

1996: The Asheville campus held its grand opening.

1998: Montreat College was accredited by the Commission on Colleges of the Southern Association of Colleges and Schools as a level three institution to offer the master's degree in business administration. Since then, Montreat College has added four more master's degrees to its program offerings: the Master of Arts in Education, the Master of Science in Management and Leadership, the Master of Science in Environmental Education, and the Master of Arts in Clinical and Mental Health Counseling.

2001: Montreat College purchased 72 acres of land with 21 buildings in Black Mountain in the summer.

2011: Montreat College School of Adult and Graduate Studies opened a new campus in Morganton.

2013: Montreat College launched three fully online programs, offering its Christ-centered education in the virtual world.

2014: Dr. Paul J. Maurer began his presidency on July 21, 2014, with an inauguration ceremony held on October 3.

2015: A $2 million athletic complex serving nine athletic teams was constructed on the Black Mountain Campus.

2015-16: Montreat College celebrated its centennial year.


Program accomplishments


Needs