Anderson University

Summary

Anderson University is a selective, comprehensive Christian university offering bachelor's, master's, and doctoral degrees on campus, in Greenville and online.


Contact information

Mailing address:
Anderson University
316 Boulevard
Anderson, SC 29621

Website: andersonuniversity.edu

Phone: 864-231-2000

Email: help@andersonuniversity.edu


Organization details

EIN: 570324906

CEO/President: Evans P Whitaker

Chairman:

Board size: 0

Founder: Daniel Brown, J.P. Reed, Stephen McCulley

Year founded: 1935

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

For God and humanity, Anderson University seeks to be an innovative, entrepreneurial, premier comprehensive university where liberal arts, professional studies, and graduate studies thrive within an uplifting, welcoming, and distinctively Christian community of diverse faculty, staff and students dedicated to intellectually rigorous learning, a caring and hospitable campus culture, and personal transformation.


Mission statement

Anderson University is an academic community affiliated with the South Carolina Baptist Convention. It provides a competitive education in the liberal arts, professional, and graduate disciplines, and a co-curricular focus on the development of character, servant leadership, and cultural engagement. This is a diverse community that is intentionally Christ-centered, people-focused, student-oriented, quality-driven, and future-directed.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating325 of 72545 of 87
Fund acquisition rating508 of 72670 of 87
Resource allocation rating189 of 72616 of 87
Asset utilization rating322 of 72541 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%36%26%22%14%14%
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%4%4%5%8%6%
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
90%96%96%95%92%94%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%90%87%82%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%95%90%90%87%82%
Program output ratio Program output ratio =
Program services /
Total revenue
81%85%78%74%73%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%5%10%10%13%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%7%7%10%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%9%12%17%15%15%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.510.490.470.450.47
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.012.202.252.332.442.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.131.111.091.100.97
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.2611.6712.8512.588.578.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.090.080.080.120.12
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.039.7210.0110.169.6010.89
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%24%26%28%29%25%
Debt ratio Debt ratio =
Debt /
Total assets
18%16%17%19%19%16%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%147%151%154%156%157%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$36,445,583$35,444,540$32,171,675$27,639,924$32,210,000
Receivables, inventories, prepaids$3,721,549$2,904,475$3,500,098$4,231,933$2,905,404
Short-term investments$39,701,048$38,572,626$36,350,499$31,917,340$31,214,999
Other current assets$0$0$0$0$0
Total current assets$79,868,180$76,921,641$72,022,272$63,789,197$66,330,403
Long-term investments$3,023,995$4,366,372$3,906,207$3,544,931$6,802,492
Fixed assets$88,438,317$87,238,901$87,783,753$83,800,670$57,874,991
Other long-term assets$4,260,069$4,274,253$4,318,862$4,499,575$4,356,852
Total long-term assets$95,722,381$95,879,526$96,008,822$91,845,176$69,034,335
Total assets$175,590,561$172,801,167$168,031,094$155,634,373$135,364,738
 
Liabilities20192018201720162015
Payables and accrued expenses$4,554,487$4,642,874$4,416,915$5,774,629$4,253,421
Other current liabilities$2,289,145$1,342,576$1,306,603$1,672,094$3,781,463
Total current liabilities$6,843,632$5,985,450$5,723,518$7,446,723$8,034,884
Debt$27,959,903$29,621,852$31,311,978$29,541,077$21,245,107
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,167,266$8,524,425$10,044,981$8,889,706$5,230,061
Total long-term liabilities$36,127,169$38,146,277$41,356,959$38,430,783$26,475,168
Total liabilities$42,970,801$44,131,727$47,080,477$45,877,506$34,510,052
 
Net assets20192018201720162015
Unrestricted$100,855,223$96,229,409$90,159,290$74,230,003$66,685,654
Temporarily restricted$0$11,689,739$10,415,514$16,590,808$15,323,611
Permanently restricted$31,764,537$20,750,292$20,375,813$18,936,056$18,845,421
Net assets$132,619,760$128,669,440$120,950,617$109,756,867$100,854,686
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$3,919,145$4,243,231$4,741,586$6,267,147$5,066,243
Program service revenue$89,916,802$86,263,876$80,488,285$74,766,671$66,611,292
Membership dues$0$0$0$0$0
Investment income$1,282,613$3,951,675$1,362,463($126,681)$6,961,949
Other revenue$70,263($48,572)$43,645$34,305$24,689
Total other revenue$91,269,678$90,166,979$81,894,393$74,674,295$73,597,930
Total revenue$95,188,823$94,410,210$86,635,979$80,941,442$78,664,173
 
Expenses20192018201720162015
Program services$80,832,233$74,080,694$64,281,047$58,869,276$53,744,426
Management and general$7,861,572$9,847,676$12,996,451$10,674,921$9,771,003
Fundraising$1,420,758$1,109,475$1,041,618$902,814$695,745
Total expenses$90,114,563$85,037,845$78,319,116$70,447,011$64,211,174
 
Change in net assets20192018201720162015
Surplus (deficit)$5,074,260$9,372,365$8,316,863$10,494,431$14,452,999
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,074,260$9,372,365$8,316,863$10,494,431$14,452,999

Compensation

NameTitleCompensation
Dr Evans P WhitakerPresident$500,290
Omar RashedSVP Administration and Bra$216,744
Wayne LandrithSVP Dev & Pres Affairs$203,005
Steven NailDean-College of Business$199,914
Martha HinmanProfessor Physical Therapy$193,232
Danny ParkerExecutive Vice President$176,164
John DuncanAssociate Dean-College of Business$156,576
Carol ArchuletaDean-School of Nursing$143,502
Ben DeatonVice President Technology$141,357
Kristie ColeVice President/CFO$128,834
Donald WiltonTrustee$2,400

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

Anderson University is one of the premier private Christian universities in the country. Known among its peers as an institution that provides a rigorous educational experience, grounded in faith and innovation, AU is regularly recognized by national organizations for affordability, excellence, and a commitment to our student's engagement and growth.


Needs