Campbellsville University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/4/2021. To update the information in this column, please email:


Campbellsville University is a private, comprehensive Christian institution located in South Central Kentucky that has an enrollment of over 4,500 students who represent 93 Kentucky counties, 27 states and 50 foreign nations, with over 13,000 alumni. The University is a non-profit 501 (c)(3) corporation.

Contact information

Mailing address:
Campbellsville University
1 University Drive
Campbellsville, KY 42718


Phone: 800-264-6014


Organization details

EIN: 610469267

CEO/President: Keith Spears


Board size: 49


Year founded: 1943

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


To foster academic excellence through pre-professional certificates, associates, baccalaureate, and graduate programs through traditional, technical, and online systems. To achieve academic excellence through rigor and relevancy in undergraduate, master's and doctoral level programs. To provide an environment conducive for student success. To value diverse perspectives within a Christ-centered community. To model servant leadership and effective stewardship.

Mission statement

Campbellsville University is a comprehensive, Christian institution that offers non-credit technical programs, along with certificates, associates, undergraduate and graduate programs. The university is dedicated to academic excellence solidly grounded in the liberal arts that fosters personal growth, integrity and professional preparation within a caring environment. The university prepares students as Christian servant leaders for life-long learning, continued scholarship by linking discovery research to knowledge at the doctoral level, and active participation in a diverse, global society.

Statement of faith

Transparency grade


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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating248 of 94014 of 112
Fund acquisition rating610 of 94277 of 112
Resource allocation rating172 of 9428 of 112
Asset utilization rating277 of 94022 of 112

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Balance sheet
Receivables, inventories, prepaids$8,659,122$8,575,314$7,098,017$9,080,526$9,108,506
Short-term investments$29,377,514$33,464,664$19,227,599$0$0
Other current assets$0$0$0$0$0
Total current assets$57,498,267$59,477,260$41,412,808$10,558,362$10,326,799
Long-term investments$0$0$0$16,731,075$15,708,036
Fixed assets$112,321,771$84,725,322$66,247,348$63,192,487$63,313,864
Other long-term assets$3,893,522$3,679,773$3,380,976$507,705$1,430,521
Total long-term assets$116,215,293$88,405,095$69,628,324$80,431,267$80,452,421
Total assets$173,713,560$147,882,355$111,041,132$90,989,629$90,779,220
Payables and accrued expenses$10,795,296$6,396,125$5,024,669$3,844,213$3,401,247
Other current liabilities$4,316,006$5,397,720$3,192,500$1,108,942$903,615
Total current liabilities$15,111,302$11,793,845$8,217,169$4,953,155$4,304,862
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,315,806$1,795,937$1,826,082$1,925,799$2,270,613
Total long-term liabilities$42,291,818$39,908,499$42,288,661$39,787,899$41,122,509
Total liabilities$57,403,120$51,702,344$50,505,830$44,741,054$45,427,371
Net assets20202019201820172016
Without donor restrictions$90,851,152$71,316,948$36,793,223$25,762,107$25,892,359
With donor restrictions$25,459,288$24,863,063$23,742,079$20,486,468$19,459,490
Net assets$116,310,440$96,180,011$60,535,302$46,248,575$45,351,849
Revenues and expenses
Total contributions$6,894,316$5,532,742$3,934,976$3,480,019$5,941,527
Program service revenue$134,863,900$138,615,449$102,549,185$66,470,161$55,097,493
Membership dues$0$0$0$0$0
Investment income$1,894,733$1,592,163$917,091$757,375$287,834
Other revenue$3,938,530$3,493,460$2,581,532$1,203,983$1,051,050
Total other revenue$140,697,163$143,701,072$106,047,808$68,431,519$56,436,377
Total revenue$147,591,479$149,233,814$109,982,784$71,911,538$62,377,904
Program services$116,611,377$102,121,417$87,546,245$64,970,122$54,173,397
Management and general$7,433,358$8,964,204$5,252,197$5,225,353$5,488,437
Total expenses$125,957,053$113,394,978$94,343,698$71,542,054$60,645,855
Change in net assets20202019201820172016
Surplus (deficit)$21,634,426$35,838,836$15,639,086$369,484$1,732,049
Other changes in net assets$0$0$0$0$0
Total change in net assets$21,634,426$35,838,836$15,639,086$369,484$1,732,049


Dr Michael V CarterPresident$430,314
Dr Sunny OnyiriProfessor of Buesiness$387,085
Dr Charles CrainAsst Professor of Business$328,711
Dr Nagamani PallaProfessor of Business$297,827
Dr Kiran PallaInst of Business$274,050
Dr Jimmie FloresAsst Professor of Business$268,319
Dr H Keith SpearsVP Communications$209,343
Dr Donna HedgepathProvost/VP Academic Affairs$200,880
MR Otto TennantSVP Operations & Admin$148,148
Mr Claude HollingsworVP Athletics$146,281
Dr Jay ConnerTrustee$138,020
Mr Timothy JuddVP Finance$133,556
Dr Shane GarrisonVP Enrollment Services$133,057
Mr Benji KellyVP Development$132,710
Mr Ron RaffertyTrustee/Adjunct Instructor$7,200

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 8/4/2021. To update the information below, please email:


Program accomplishments

Campbellsville University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award certificates, associate, bachelors, masters and doctoral degrees.