Palm Beach Atlantic University

Summary

Founded in 1968, PBA is a top-notch Christian university preparing students to lead fulfilling lives through learning, leadership and service. Founded under the providence of God with the conviction that there is a need for a university in this community that will expand the minds, develop the moral character and enrich the spiritual lives of all the people who may come within the orbit of its influence, Palm Beach Atlantic University shall stand as a witness for Jesus Christ, expressed directly through its administration, faculty, and students.


Contact information

Mailing address:
Palm Beach Atlantic University
PO BOX 24708
West Palm Beach, FL 33416

Website: pba.edu

Phone: 888-468-6722

Email: louis_park@pba.edu


Organization details

EIN: 591092732

CEO/President: William M.B. Fleming Jr.

Chairman: Timothy S. Sotos

Board size: 35

Founder: Jess C. Moody

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Palm Beach Atlantic University is a comprehensive Christian university with a core emphasis in the liberal arts. Its purpose is to offer a curriculum of studies and a program of student activities dedicated to the development of moral character, the enrichment of spiritual lives, and the perpetuation of growth in Christian ideals. The vision for Palm Beach Atlantic University is to be a premier Christian university whose graduates are intellectually prepared, possess high moral character, demonstrate outstanding citizenship and are servant leaders in their communities, the nation and the world.


Mission statement

The mission of Palm Beach Atlantic University is to prepare students for lifelong learning and leadership by offering excellent undergraduate, graduate, and professional programs of study in Arts, Humanities, Sciences, and selected professions. Palm Beach Atlantic University is a private, independent university dedicated to the intentional integration of Christian principles. As a community of learners, the university provides students with a rigorous educational environment that leads to intellectual, spiritual, and personal character development.


Statement of faith

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 rating386 of 61855 of 85
Fund acquisition rating255 of 61820 of 85
Resource allocation rating376 of 61866 of 85
Asset utilization rating442 of 61823 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%12%14%14%16%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%11%9%11%9%14%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%2%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%89%91%89%91%86%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%80%81%80%73%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%93%100%97%99%91%
Program output ratio Program output ratio =
Program services /
Total revenue
80%75%81%78%72%64%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%7%0%3%1%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%0%2%1%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%19%18%19%26%28%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.500.500.490.470.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.812.182.112.062.082.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.101.051.020.980.91
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.6617.5812.7016.1713.8513.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.060.080.060.070.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7110.3310.5811.0911.4112.16
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%21%23%24%25%24%
Debt ratio Debt ratio =
Debt /
Total assets
0%17%18%19%20%18%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%157%155%154%160%170%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$18,068,526$21,255,907$26,471,609$25,798,405$24,447,797
Receivables, inventories, prepaids$31,338,977$32,845,606$33,510,556$32,921,654$34,512,408
Short-term investments$52,349,425$49,624,706$44,122,781$45,708,425$45,968,069
Other current assets$0$0$0$0$0
Total current assets$101,756,928$103,726,219$104,104,946$104,428,484$104,928,274
Long-term investments$5,480,056$4,820,768$5,552,919$6,023,557$6,566,089
Fixed assets$114,200,309$110,087,215$104,520,474$106,928,484$102,643,717
Other long-term assets$194,629$242,097$334,499$269,200$566,825
Total long-term assets$119,874,994$115,150,080$110,407,892$113,221,241$109,776,631
Total assets$221,631,922$218,876,299$214,512,838$217,649,725$214,704,905
 
Liabilities20182017201620152014
Payables and accrued expenses$4,248,253$6,197,793$4,617,995$4,754,279$5,430,097
Other current liabilities$1,539,713$1,971,767$1,818,298$2,786,411$2,256,593
Total current liabilities$5,787,966$8,169,560$6,436,293$7,540,690$7,686,690
Debt$38,596,513$38,986,959$40,930,032$42,832,439$38,200,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,664,001$3,751,318$4,653,011$4,642,723$5,263,080
Total long-term liabilities$41,260,514$42,738,277$45,583,043$47,475,162$43,463,080
Total liabilities$47,048,480$50,907,837$52,019,336$55,015,852$51,149,770
 
Net assets20182017201620152014
Unrestricted$97,197,944$93,251,546$88,110,731$89,263,081$89,496,301
Temporarily restricted$53,505,829$53,014,108$53,867,492$53,491,487$55,188,725
Permanently restricted$23,879,669$21,702,808$20,515,279$19,879,305$18,870,109
Net assets$174,583,442$167,968,462$162,493,502$162,633,873$163,555,135
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$12,699,833$10,223,832$11,611,885$9,263,306$14,388,634
Program service revenue$98,571,645$95,449,259$93,715,411$89,224,970$85,304,321
Membership dues$0$0$0$0$0
Investment income$7,605,151$2,584,000$2,730,075$3,920,456$5,120,405
Other revenue$444,023$369,014$408,198$471,712$385,102
Total other revenue$106,620,819$98,402,273$96,853,684$93,617,138$90,809,828
Total revenue$119,320,652$108,626,105$108,465,569$102,880,444$105,198,462
 
Expenses20182017201620152014
Program services$89,237,222$87,467,110$84,399,210$73,963,236$67,620,530
Management and general$20,781,696$19,485,822$19,691,525$26,494,117$26,954,515
Fundraising$1,501,179$1,477,777$1,586,638$1,439,551$1,375,487
Total expenses$111,520,097$108,430,709$105,677,373$101,896,904$95,950,532
 
Change in net assets20182017201620152014
Surplus (deficit)$7,800,555$195,396$2,788,196$983,540$9,247,930
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,800,555$195,396$2,788,196$983,540$9,247,930

Response from ministry

No response has been provided by this ministry.


History

In a time of cultural unsettlement, Palm Beach Atlantic University was founded in 1968 as a coeducational Christian liberal arts university. The first classes at Palm Beach Atlantic University, formerly Palm Beach Atlantic College named for its location in the Palm Beaches, were held in the fall of 1968 in downtown West Palm Beach at 1101 South Olive Avenue in the former facilities of the First Baptist Church. PBA held its first graduation in the spring of 1972 and later that year received initial accreditation from the regional accrediting association. Over the years, Palm Beach Atlantic has expanded to approximately 29 acres of land from the Intracoastal Waterway west along Okeechobee Boulevard to Dixie Highway, south to Jefferson Street, and back east to the waterway but all began with the first building, the Lassiter Student Center, which was occupied in 1983. Currently, PBA's main campus is located on Flagler Drive with stunning views of the Intracoastal, and steps away from Palm Beach.


Program accomplishments


Needs