Southern Wesleyan University

Summary

Southern Wesleyan University is a private Christian university committed to liberal arts and professional education. We are proud to be an institution of The Wesleyan Church, a worldwide body of evangelical Protestant believers. Our name has changed over the years, but our mission-to be a Christian community of learners that recognizes God as the source of all truth and wisdom-has remained.


Contact information

Mailing address:
Southern Wesleyan University
PO Box 1020
Central, SC 29630

Website: swu.edu

Phone: 8646445000

Email: admissions@swu.edu


Organization details

EIN: 570324936

CEO/President: Dr. Todd Voss

Chairman: Charles L. Joiner

Board size: 31

Founder:

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We believe that every individual has a God given purpose, brought to fruition by the sanctifying power of the Holy Spirit and the challenge of scholarship. As we participate in a consecrated community of learners we are continuously transformed into the image of Christ both individually and corporately.


Mission statement

Southern Wesleyan University is a Christ-centered, student focused learning community devoted to transforming lives by challenging students to be dedicated scholars and servant leaders who impact the world for Christ.


Statement of faith

he following is a summary of the doctrine set forth in the Articles of Religion, but the statement is not intended to replace or in any way supersede the more explicit affirmations found in the most current version of The Discipline of the Wesleyan Church. We believe in God the Father, the Son, and the Holy Spirit. We believe that Jesus Christ, the Son, suffered in our place on the cross, that He died but rose again, that He now sits at the Father's right hand until He returns to judge all men at the last day. We believe in the Holy Scriptures as the inspired and inerrant Word of God. We believe that by the grace of God every person has the ability and responsibility to choose between right and wrong and that those who repent of their sins and believe in the Lord Jesus Christ are justified by faith. We believe that God not only counts the believer as righteous but that He also makes him righteous, freeing him of sin's dominion at conversion, purifying his heart by faith and perfecting him in love at entire sanctification, and providing for his growth in grace in every stage of his spiritual life, enabling him through the presence and power of the Holy Spirit to live a victorious life.

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating400 of 59345 of 60
Fund acquisition rating175 of 5931 of 60
Resource allocation rating457 of 59353 of 60
Asset utilization rating444 of 59319 of 60

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
2018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%13%12%12%14%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%87%88%88%86%
 
Operating ratiosMedian % for
all ministries in
MW database
2018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%76%74%77%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%101%97%93%
Program output ratio Program output ratio =
Program services /
Total revenue
80%74%75%75%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%-1%3%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%-1%2%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%24%26%23%22%
 
Investing ratiosMedian measure
for all ministries
in MW database
2018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.690.680.650.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.733.123.622.752.42
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.182.162.471.781.56
 
Liquidity ratiosMedian measure
for all ministries
in MW database
2018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.845.359.466.186.23
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.190.110.160.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.724.534.355.646.46
 
Solvency ratiosMedian % for
all ministries in
MW database
2018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%24%24%26%28%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%110%112%114%111%

Financials

Balance sheet
 
Assets2018201720162015
Cash$5,182,208$7,209,112$11,413,731$13,958,428
Receivables, inventories, prepaids$452,113$768,023$881,752$1,423,965
Short-term investments$6,970,530$2,488,371$2,162,379$1,159,723
Other current assets$0$0$0$0
Total current assets$12,604,851$10,465,506$14,457,862$16,542,116
Long-term investments$0$0$0$0
Fixed assets$25,040,575$25,749,661$23,484,017$21,667,412
Other long-term assets$1,667,581$1,721,321$1,825,895$1,809,438
Total long-term assets$26,708,156$27,470,982$25,309,912$23,476,850
Total assets$39,313,007$37,936,488$39,767,774$40,018,966
 
Liabilities2018201720162015
Payables and accrued expenses$1,031,697$453,632$301,670$242,971
Other current liabilities$1,323,722$652,947$2,036,042$2,412,261
Total current liabilities$2,355,419$1,106,579$2,337,712$2,655,232
Debt$0$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$7,150,868$7,813,057$8,077,287$8,700,734
Total long-term liabilities$7,150,868$7,813,057$8,077,287$8,700,734
Total liabilities$9,506,287$8,919,636$10,414,999$11,355,966
 
Net assets2018201720162015
Unrestricted$20,200,648$20,203,087$20,564,695$20,171,258
Temporarily restricted$4,683,505$4,313,603$4,373,257$4,182,403
Permanently restricted$4,922,567$4,500,162$4,414,823$4,309,339
Net assets$29,806,720$29,016,852$29,352,775$28,663,000
 
Revenues and expenses
 
Revenue2018201720162015
Total contributions$3,643,886$3,084,321$3,082,778$3,813,154
Program service revenue$16,128,753$17,263,581$18,665,428$19,424,924
Membership dues$0$0$0$0
Investment income$3,153,681$469,340$170,367$145,067
Other revenue$5,036,686$4,677,855$4,547,988$4,429,272
Total other revenue$24,319,120$22,410,776$23,383,783$23,999,263
Total revenue$27,963,006$25,495,097$26,466,561$27,812,417
 
Expenses2018201720162015
Program services$20,678,363$19,091,909$19,888,751$20,027,958
Management and general$6,494,775$6,739,111$5,888,035$5,779,459
Fundraising$0$0$0$0
Total expenses$27,173,138$25,831,020$25,776,786$25,807,417
 
Change in net assets2018201720162015
Surplus (deficit)$789,868($335,923)$689,775$2,005,000
Other changes in net assets$0$0$0$0
Total change in net assets$789,868($335,923)$689,775$2,005,000

Response from ministry

No response has been provided by this ministry.


History

Southern Wesleyan University was originally established in 1906 as the Wesleyan Methodist Bible Institute whose mission was to develop Christian character in its students while giving thorough intellectual training. Now, as a four-year, private, liberal arts college, SWU's structure and name have changed, but our mission-to be a Christian community of learners that recognizes God as the source of all truth and wisdom-has remained.


Program accomplishments


Needs