North Greenville University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/7/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

North Greenville University is a private liberal arts institution affiliated with the South Carolina Baptist Convention and recognized as one of the most notable conservative Christian universities in the Southeast and even the nation.


Contact information

Mailing address:
North Greenville University
P.O. Box 1892
Tigerville, SC 29688

Website: ngu.edu

Phone: 864-977-7000

Email: Admissions@ngu.edu


Organization details

EIN: 570314406

CEO/President: Dr. Gene Fant

Chairman: Dr. Travis Agnew

Board size: 0

Founder:

Year founded: 1946

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

At the heart of NGU is a Christ-centered community of genuine, caring faculty and staff members who are committed to providing every student with not only a quality educational experience, but also hands-on opportunities for spiritual growth and service on campus, in the local community, and around the world. The university strives to prepare students to become better, contributing members of society by educating the whole person through an integration of academic discipline, a Christian lifestyle, and an enriched cultural experience while offering students the best opportunities for spiritual growth, academic training, and Christian service. Christ must be the center of the campus for the purpose of Christian education and Christian character-building. North Greenville University offers a quality education in a biblically sound, Christ-centered environment.


Mission statement

North Greenville University exists to glorify God by cultivating graduates who are equipped to serve as transformational leaders for church and society.


Statement of faith

These core values will combine to equip transformational leaders for church and society and give us a solid foundation for our work. More than anything they help us understand that we are a part of something significant. CHRIST-CENTERED CHRIST: Lord, Savior, Fully God and Fully Man CENTERED: Having a specified subject as the most important or focal element NGU exists to build transformational leaders for church and society. If Christ is not the center, our university has no true reason to exist. BIBLICALLY FAITHFUL BIBLE: inspired by God, profitable for teaching, for rebuking, for correcting, for training in righteousness FAITHFUL: true to the facts, to a standard NGU is a contemporary representation of the unchanging truths of God's unchanging Word. Our university aligns itself with biblical standards and authority. ACADEMICALLY EXCELLENT ACADEMIC: based on formal study EXCELLENT: eminently good NGU offers programs of learning designed to wholly honor God with our minds, producing graduates who think critically and communicate clearly. MISSION-FOCUSED MISSION: a specific task a group is charged to pursue FOCUS: adjustment for distinct vision NGU has a distinct mission to glorify God by cultivating graduates who are equipped to serve as transformational leaders for church and society.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating242 of 81717 of 100
Fund acquisition rating354 of 81743 of 100
Resource allocation rating200 of 81717 of 100
Asset utilization rating391 of 81747 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%16%13%18%30%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%7%6%5%6%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%93%94%95%94%91%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%90%92%92%93%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%96%100%101%102%98%
Program output ratio Program output ratio =
Program services /
Total revenue
82%86%92%93%95%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4%0%-1%-2%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%3%0%-1%-1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%9%7%7%5%7%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.530.550.530.540.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.993.263.512.942.70
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.581.811.861.581.32
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.864.653.234.415.518.54
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.220.310.230.180.12
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.805.954.585.006.238.01
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%8%10%7%8%7%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%0%1%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%174%162%175%172%189%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$11,659,494$12,546,090$11,207,053$18,632,075$25,413,063
Receivables, inventories, prepaids$909,454$1,075,074$1,284,077$2,872,495$850,868
Short-term investments$26,466,543$22,098,744$19,267,158$16,600,514$16,311,908
Other current assets$0$0$0$0$0
Total current assets$39,035,491$35,719,908$31,758,288$38,105,084$42,575,839
Long-term investments$13,074,931$16,083,041$15,543,868$10,299,829$11,830,268
Fixed assets$62,807,724$62,704,217$62,356,287$61,862,538$58,772,524
Other long-term assets$1,961,060$2,081,248$1,962,490$1,951,586$1,978,676
Total long-term assets$77,843,715$80,868,506$79,862,645$74,113,953$72,581,468
Total assets$116,879,206$116,588,414$111,620,933$112,219,037$115,157,307
 
Liabilities20192018201720162015
Payables and accrued expenses$3,715,660$6,140,445$3,386,004$2,794,513$3,423,371
Other current liabilities$4,684,430$4,904,308$3,813,681$4,121,537$1,559,761
Total current liabilities$8,400,090$11,044,753$7,199,685$6,916,050$4,983,132
Debt$378,889$423,184$512,461$626,737$689,023
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$485,585$706,204$451,551$1,381,159$2,752,679
Total long-term liabilities$864,474$1,129,388$964,012$2,007,896$3,441,702
Total liabilities$9,264,564$12,174,141$8,163,697$8,923,946$8,424,834
 
Net assets20192018201720162015
Unrestricted$67,977,596$66,123,991$68,097,393$70,058,497$73,184,248
Temporarily restricted$0$15,676,545$13,852,083$12,001,715$12,478,960
Permanently restricted$39,637,046$22,613,737$21,507,760$21,234,879$21,069,265
Net assets$107,614,642$104,414,273$103,457,236$103,295,091$106,732,473
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$4,223,052$4,192,751$2,944,393$3,698,218$5,071,299
Program service revenue$59,527,160$58,988,421$54,895,558$54,546,730$50,992,121
Membership dues$0$0$0$0$0
Investment income$311,226$1,348,604$250,195$244,855$1,201,297
Other revenue$437,326$283,266$296,090$402,784$445,526
Total other revenue$60,275,712$60,620,291$55,441,843$55,194,369$52,638,944
Total revenue$64,498,764$64,813,042$58,386,236$58,892,587$57,710,243
 
Expenses20192018201720162015
Program services$55,646,299$59,465,878$54,431,374$55,842,173$50,987,160
Management and general$5,409,750$4,557,863$4,031,882$3,140,200$4,209,853
Fundraising$679,736$561,336$532,882$1,111,010$1,156,529
Total expenses$61,735,785$64,585,077$58,996,138$60,093,383$56,353,542
 
Change in net assets20192018201720162015
Surplus (deficit)$2,762,979$227,965($609,902)($1,200,796)$1,356,701
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,762,979$227,965($609,902)($1,200,796)$1,356,701

Compensation

NameTitleCompensation
Dr Gene FantPresident$269,769
Dr James EptingFormer Officer$169,639
Keli SewellVP of Enrollment Services$151,675
Jordan M HairrAsst Professor & PA Program Dir.$149,763
C Michelle SabouSenior VP of Finance$137,378
Tim HugginsVP Information Technology$137,376
Randall J PannellProfessor$135,141
Thomas AllenDean College of Science & Math$129,556
Stephen CrouseVP Campus Ministries$128,301
Anthony BeamVP Student Services (part year)$126,575
Rich GrimmEVP$123,022
Kaye RickmanAsst Professor Princ for PA Program$119,430
Mick DanielsVP Campus Enhancement Services$119,097
Nathan FinnProvost$101,038
Marty O'GwynnVP of Development & Advancement$88,056
Rachael RussiakyVP Student Services Admin.$6,643

Compensation data as of: 5/31/2019


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 4/7/2021. To update the information below, please email: info@ministrywatch.com


History

It was a momentous decision they made on Oct. 14, 1891. At the fourth annual meeting of the North Greenville Baptist Association, members appointed a committee of nine men to determine the best location for establishing a new high school in the northern region of Greenville County in South Carolina. The recommendation to create the committee came in response to a suggestion made at an earlier associational meeting by John Ballenger of the Tigerville community. He asked that the association consider the possibility of providing educational opportunities for mountain area children, as there were only three high schools in the entire county at that time. The work of the committee led to the establishment of what would later become North Greenville University. Benjamin F. Neves offered 10 acres of beautiful, rolling land - located midway between Glassy Mountain to the north and Paris Mountain to the south. By 1892, the first building was completed and ready for occupancy, and North Greenville High School began with the arrival of the first students on Jan. 16, 1893. The State of South Carolina chartered the institution as North Greenville High School in 1904. The next year, the Home Mission Board of the Southern Baptist Convention assumed control of the school as part of its Mountain Mission School System, a relationship that lasted for 25 years. In 1929, the North Greenville Baptist Association again accepted responsibility for the school, which had been renamed North Greenville Baptist Academy in 1915. In 1934, the academy amended its charter to include a junior college in addition to the existing high school. Fifteen years later, the growing institution was transferred from the founding association to the direct control of the General Board of the South Carolina Baptist Convention. In 1957, North Greenville College received accreditation by the Commission on Colleges of the Southern Association of Colleges and Schools as a two-year liberal arts college, at the same time discontinuing its high school courses. Previously, an amendment to the charter in 1950 changed the name to North Greenville Junior College, and the word "Junior" was deleted from the title of the college in 1972. In 1991, North Greenville College reaffirmed its basic commitment to quality education, applying to the Commission on Colleges of the Southern Association of Colleges and Schools to offer bachelor's degrees in Christian Studies and church music. The school was given candidacy status the following summer, with its initial cohort of upperclassmen enrolling in the fall semester of 1992. Level II accreditation was granted in June 1994. Then, in 1997, the college's Teacher Education Program received approval from the South Carolina Department of Education. The college continued to grow and add new bachelor's degree programs over the years, then earned status as a university in 2006. At that time, North Greenville University also began granting master's degrees, specifically the Master of Christian Ministry (MCM) and the Master of Business Administration (MBA). Today, North Greenville University awards more than 50 undergraduate, online undergraduate, and graduate degrees - including both master's and doctorate degrees. In the course of the school's existence, North Greenville has benefited from a stabilized enrollment, strengthened academic program, and improved campus facilities. Throughout this period of development, however, the fundamental purpose for North Greenville has remained constant: to provide a quality educational experience in the context of genuine, Christ-centered commitment.


Program accomplishments


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