Samford University

Summary

At Samford University you'll find the personal relationships of a small college with the dynamic academic, cultural, and athletics resources of a major university.


Contact information

Mailing address:
Samford University
800 Lakeshore Dr
Birmingham, AL 35229

Website: samford.edu

Phone: 205-726-2011

Email: osl@samford.edu


Organization details

EIN: 630312914

CEO/President: Andrew Westmoreland

Chairman: William J. Stevens

Board size: 44

Founder:

Year founded: 1951

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Anchored in Christian understanding, Samford University will be a diverse community, stressing vigorous learning and personal faith, in the Baptist tradition. Within that commonality, the community will be innovative in teaching, learning and research; sensitive to global issues; aggressive in self-assessment and continuous improvement. Faithful to its mission, Samford will be known and acknowledged worldwide by holding to its core values. The world will be better for it.


Mission statement

The mission of Samford University is to nurture persons in their development of intellect, creativity, faith, and personhood. As a Christian university, the community fosters academic, career, and ethical competency while encouraging social and civic responsibility, and service to others.


Statement of faith

Samford University's corporate expression of faith commitment is The Statement of Baptist Faith and Message of 1963, without amendment.

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 rating380 of 58635 of 53
Fund acquisition rating275 of 58625 of 53
Resource allocation rating297 of 58635 of 53
Asset utilization rating477 of 58634 of 53

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%18%23%35%25%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%2%3%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%8%8%9%10%15%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%92%92%91%90%85%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%71%76%80%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%120%109%91%84%
Program output ratio Program output ratio =
Program services /
Total revenue
80%79%84%83%73%71%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%-20%-9%9%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%3%-14%-5%5%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%16%28%21%17%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.070.320.380.330.320.31
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.692.382.392.222.132.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.180.770.910.730.670.64
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.7917.542.113.193.713.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.060.470.310.270.26
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7114.766.9711.3313.0813.93
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%55%55%49%41%43%
Debt ratio Debt ratio =
Debt /
Total assets
0%32%28%27%25%26%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%139%118%156%187%185%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$42,124,693$35,344,810$41,920,622$23,849,119$48,098,276
Receivables, inventories, prepaids$28,273,543$26,075,073$34,965,100$36,224,194$38,782,491
Short-term investments$221,855,866$202,241,452$209,195,048$218,571,672$185,898,654
Other current assets$0$0$0$0$0
Total current assets$292,254,102$263,661,335$286,080,770$278,644,985$272,779,421
Long-term investments$82,819,499$81,284,631$81,668,791$94,845,127$70,970,495
Fixed assets$317,245,330$279,930,519$265,921,786$218,691,561$219,172,825
Other long-term assets$2,977,500$4,290,000$0$0$0
Total long-term assets$403,042,329$365,505,150$347,590,577$313,536,688$290,143,320
Total assets$695,296,431$629,166,485$633,671,347$592,181,673$562,922,741
 
Liabilities20172016201520142013
Payables and accrued expenses$8,318,135$117,560,563$82,705,561$69,176,869$64,946,461
Other current liabilities$8,347,501$7,148,822$7,085,175$5,832,531$5,224,949
Total current liabilities$16,665,636$124,709,385$89,790,736$75,009,400$70,171,410
Debt$222,529,269$173,033,721$170,026,914$148,277,528$148,817,015
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$145,298,306$48,999,029$49,014,644$20,082,265$20,652,762
Total long-term liabilities$367,827,575$222,032,750$219,041,558$168,359,793$169,469,777
Total liabilities$384,493,211$346,742,135$308,832,294$243,369,193$239,641,187
 
Net assets20172016201520142013
Unrestricted$72,457,028$53,671,688$98,482,858$117,868,457$110,421,701
Temporarily restricted$87,454,210$81,182,532$82,219,131$90,187,664$79,830,929
Permanently restricted$150,891,982$147,570,130$144,137,064$140,756,359$133,028,924
Net assets$310,803,220$282,424,350$324,839,053$348,812,480$323,281,554
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$19,332,893$16,538,924$17,183,376$21,182,948$30,686,655
Program service revenue$190,232,684$177,759,734$163,516,514$156,409,923$146,579,367
Membership dues$0$0$0$0$0
Investment income$23,724,631$6,579,227$8,394,260$27,094,977$17,343,935
Other revenue($1,263,419)($866,227)$1,193,358$0$13,641,104
Total other revenue$212,693,896$183,472,734$173,104,132$183,504,900$177,564,406
Total revenue$232,026,789$200,011,658$190,287,508$204,687,848$208,251,061
 
Expenses20172016201520142013
Program services$184,117,758$169,002,361$157,694,030$149,470,919$146,857,096
Management and general$36,484,410$66,477,858$44,337,004$32,067,001$22,991,171
Fundraising$3,474,848$3,850,717$5,951,555$5,305,081$4,659,295
Total expenses$224,077,016$239,330,936$207,982,589$186,843,001$174,507,562
 
Change in net assets20172016201520142013
Surplus (deficit)$7,949,773($39,319,278)($17,695,081)$17,844,847$33,743,499
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,949,773($39,319,278)($17,695,081)$17,844,847$33,743,499

Response from ministry

No response has been provided by this ministry.


History

Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. Chartered as Howard College in 1841, Samford University has become one of the region's top universities and is now home to more than 5,000 students. The school survived two fires, the Civil War, a century of financial turmoil and two relocations to become one of the premier nationally ranked Christian universities. From its meager beginnings in Marion, Alabama, with only 31 students, Samford is now home to approximately 5,700 students on a beautiful Georgian-Colonial style campus in Homewood, Alabama.


Program accomplishments

Samford is the top-ranked university in Alabama in national rankings published by The Wall Street Journal. Additionally, The Wall Street Journal ranks Samford third in the nation for student engagement. U.S. News & World Report ranks Samford 40th in the nation for best undergraduate teaching and 100th for best value. Kiplinger's Personal Finance ranks Samford 34th among U.S. private universities for value and affordability. The student-to-faculty ratio is 13:1.


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