Houston Baptist University

Summary

HBU is an independent Christian higher education institution that offers enriched academic and student life experiences in a major metropolitan area. As a result of implementing our 12-year vision, "The Ten Pillars: Faith and Reason in a Great City," HBU is on a trajectory to become a comprehensive, national university.


Contact information

Mailing address:
Houston Baptist University
7502 Fondren Rd
Houston, TX 77074

Website: hbu.edu

Phone: 281-649-3000

Email: jferguson@hbu.edu


Organization details

EIN: 741400699

CEO/President: Dr. Robert B Sloan Jr.

Chairman: Rev. Gregg Matte

Board size: 26

Founder:

Year founded: 1940

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

HBU is a Christian liberal arts university dedicated to "A Higher Education" by preparing students to succeed, not only in their careers, but also in life.


Mission statement

The mission of Houston Baptist University is to provide a learning experience that instills in students a passion for academic, spiritual, and professional excellence as a result of our central confession, "Jesus Christ is Lord."


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 rating479 of 58646 of 53
Fund acquisition rating222 of 5865 of 53
Resource allocation rating531 of 58652 of 53
Asset utilization rating478 of 58635 of 53

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%7%11%16%6%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%1%2%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%15%11%13%24%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%2%2%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%85%89%87%76%91%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%69%70%67%68%67%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%100%104%98%86%92%
Program output ratio Program output ratio =
Program services /
Total revenue
80%69%73%66%59%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%0%-4%2%14%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%0%-2%1%8%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%30%29%31%30%32%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.070.430.400.390.370.35
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.692.682.903.072.923.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.151.151.211.071.18
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.7914.4512.6812.0911.798.95
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.070.080.080.080.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.719.759.649.1110.299.06
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%32%33%31%32%34%
Debt ratio Debt ratio =
Debt /
Total assets
0%30%30%26%26%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%158%170%174%187%189%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$14,914,878$19,348,334$13,222,670$11,634,252$10,241,193
Receivables, inventories, prepaids$33,525,717$27,470,178$28,691,076$27,874,249$10,126,215
Short-term investments$47,730,304$41,242,372$36,655,183$44,666,086$48,085,496
Other current assets$0$0$0$0$0
Total current assets$96,170,899$88,060,884$78,568,929$84,174,587$68,452,904
Long-term investments$36,037,572$39,751,837$40,081,542$40,046,206$39,659,651
Fixed assets$112,234,375$115,262,517$115,029,336$115,619,948$117,313,045
Other long-term assets$13,728,504$11,961,119$7,884,747$6,238,329$6,444,827
Total long-term assets$162,000,451$166,975,473$162,995,625$161,904,483$163,417,523
Total assets$258,171,350$255,036,357$241,564,554$246,079,070$231,870,427
 
Liabilities20182017201620152014
Payables and accrued expenses$6,619,308$6,339,352$5,979,278$6,583,919$7,238,603
Other current liabilities$34,424$604,343$519,138$552,770$406,810
Total current liabilities$6,653,732$6,943,695$6,498,416$7,136,689$7,645,413
Debt$76,659,725$75,911,428$62,741,557$64,821,576$66,773,308
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$245,352$515,662$6,820,359$6,228,784$5,045,380
Total long-term liabilities$76,905,077$76,427,090$69,561,916$71,050,360$71,818,688
Total liabilities$83,558,809$83,370,785$76,060,332$78,187,049$79,464,101
 
Net assets20182017201620152014
Unrestricted$82,103,661$82,918,985$80,716,309$80,245,463$75,501,889
Temporarily restricted$34,229,937$31,487,063$31,022,977$34,489,868$32,170,242
Permanently restricted$58,278,943$57,259,524$53,764,936$53,156,690$44,734,195
Net assets$174,612,541$171,665,572$165,504,222$167,892,021$152,406,326
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$16,881,311$10,250,901$12,393,982$25,173,703$7,642,847
Program service revenue$84,189,312$82,853,934$79,055,852$76,957,178$69,783,113
Membership dues$0$0$0$0$0
Investment income$2,643,216($826,219)$1,127,785$804,735$5,205,335
Other revenue$6,714,532$4,721,246$3,826,151$1,157,190$5,274,803
Total other revenue$93,547,060$86,748,961$84,009,788$78,919,103$80,263,251
Total revenue$110,428,371$96,999,862$96,403,770$104,092,806$87,906,098
 
Expenses20182017201620152014
Program services$76,370,194$70,393,983$63,557,861$61,081,063$53,954,282
Management and general$32,609,983$29,446,483$29,381,979$27,325,142$25,667,060
Fundraising$1,236,818$1,130,950$1,992,868$1,434,884$925,603
Total expenses$110,216,995$100,971,416$94,932,708$89,841,089$80,546,945
 
Change in net assets20182017201620152014
Surplus (deficit)$211,376($3,971,554)$1,471,062$14,251,717$7,359,153
Other changes in net assets$0$0$0$0$0
Total change in net assets$211,376($3,971,554)$1,471,062$14,251,717$7,359,153

Response from ministry

No response has been provided by this ministry.


History

Houston Baptist College was created by action of the Baptist General Convention of Texas on November 15, 1960 culminating many years of work and study. The aim of the College founders was the establishment of a Christian College of the highest order in the city of Houston that stressed quality of life as well as quality of learning. In 1952, the Union Baptist Association authorized a committee to study the possibility of locating a Baptist College in Houston. With the assistance and encouragement of the Education Commission of the Baptist General Convention of Texas, the committee conducted a survey in 1955. Acting upon information obtained with the endorsement of the Education Commission, the Association approved the concept of establishing a new College. In 1956, the Executive Board of the Baptist General Convention of Texas approved a recommendation that Houston Baptists be given assurance that the Convention would support such a College when the College Committee of the Union Baptist Association had succeeded in acquiring both (1) a satisfactory site for a campus of at least one hundred acres, and (2) a minimum corpus of at least three million dollars. Of this sum, one and one-half million dollars would constitute a nucleus endowment fund; one and one-half million dollars would be designated for a physical plant. The Union Baptist Association accepted these conditions and endorsed the requirements set up by the state Baptist convention. In 1957, a Houston land developer, Frank Sharp, offered to sell Union Baptist Association 390 acres in southwest Houston for the construction of a College. The Board of Governors of Rice University agreed to lend most of the money needed with the land as collateral. To complete the funding, twenty-five business men, since called "founders," pledged to be responsible for $10,000 each. Therefore, by 1958, a campus site of 196 acres was acquired in southwest Houston, and, in 1960, the initial financial goal of repaying the loan was reached as a result of a campaign among the churches. In 1960, the Baptist General Convention of Texas in its annual session at Lubbock, Texas elected the first Board of Trustees. This board in session in Houston, Texas on November 15, 1960 approved and signed the College charter. The next day, this charter was ratified and recorded with the Secretary of State in Austin. The way was then cleared to select administrative officers, develop a suitable physical plant, and design an appropriate academic program. Dr. W. H. Hinton began service as the first President of the College on July 1, 1962. The College opened in September 1963 with a freshman class of 193 students, a cluster of new buildings, and a teaching staff of thirty faculty. A new class was added each year until the College attained a four-year program in 1966-67. By then, the full-time faculty had grown to fifty-four members, serving an enrollment of approximately nine hundred undergraduate students. Initially, the College offered only a Bachelor of Arts degree with academic courses in five divisions: Christianity, Fine Arts, Languages, Science and Mathematics, and Social Studies. The Board of Trustees, following the recommendation of the faculty and administration, authorized the establishment of the Division of Education and Psychology in 1964 and a Division of Business and Economics in 1966. With the opening of the fall semester of 1969, the College added a Division of Nursing, offering a Bachelor of Science degree in Nursing. In 1966, the Commission on Colleges of the Southern Association of Colleges and Schools recognized Houston Baptist College as an official candidate for accreditation. The highlight of the 1968-69 academic year was the granting of initial accreditation by the Southern Association of Colleges and Schools on December 4, 1968. A visiting committee made a careful study of the College in March 1971 and upon its recommendation, the Commission on Colleges extended accreditation for ten years. This accreditation was reaffirmed in 1981, 1991, 2001, and 2012. In 1965, the Texas Education Agency first approved Houston Baptist College for the training of certified teachers for elementary and secondary Schools. During its first semester, representatives selected by the Texas Education Agency evaluated the teacher education program; approval of the program was continued. The baccalaureate degree program in nursing received accreditation by the National League for Nursing on April 21, 1972. In July 1972, all thirty-eight members of the first nursing class successfully completed the examination required and administered by the State Board of Nurse Examiners. An Associate Degree in Nursing was added in June 1983; this program graduated its first class in 1985. Admission to the Associate Degree in Nursing program was suspended June 2010. HBU was approved to begin the EdD in Executive Educational Leadership in the fall 2016. A study abroad program began in 1967 with a group of English majors in residence at the Shakespeare Institute, Stratford-upon-Avon, England for the month of April. Study abroad continued with programs in Mexico, the Middle East, and Europe. Currently, study abroad and academic exchange programs include the occasional School of Humanities' interdisciplinary summer course on culture and human experience, the Archie W. Dunham College of Business' annual international trip (BUSA 4301), and the Houston Grampian Society's Nursing Exchange Program with Robert Gordon University (in Aberdeen, Scotland). The MBA program includes an international study component for its graduate students. In 1973, Houston Baptist College officially became Houston Baptist University following completion of a formal self-study for the Southern Association of Colleges and Schools, and approval by the Board of Trustees in November 1972. At the same time, degree programs were revised, making the Bachelor of Science option available to all graduates. The instructional divisions were completely reorganized into College units. Five Colleges headed by Deans replaced the previous structure of eight divisions. The new structure consisted of the H. B. Smith College of General Studies and four upper-level Colleges - the College of Business and Economics, the College of Education and Behavioral Sciences, the College of Fine Arts and Humanities, and the College of Science and Health Professions. A sixth College was created in 1978 by separating the College of Fine Arts from the College of Humanities. The seventh College was created in 1991 by separating the College of Nursing and the College of Science and Mathematics. In 1995, a College of Arts and Humanities was again combined from the previously separate Colleges. In 2007, the Honors College was formed and classes began in that program in fall 2008. In that same year, a Philosophy major was developed. A College of Continuing Studies was initiated in 2008; operations were suspended on May 31, 2010. On June 1, 2009, the President determined, after consultation with the Provost, the Deans, and the Institutional and Strategic Planning Committee, to change the nomenclature of the Colleges to Schools and Colleges and to move some departments into other divisions in order to reflect best practices at universities and to better serve the mission of the university. The College of Education and Behavioral Sciences became the School of Education; the Department of Behavioral Sciences moved from the School of Education to the College of Arts and Humanities. The College of Business and Economics became the School of Business; the College of Nursing became the School of Nursing and Allied Health and brought in the Department of Kinesiology from the former College of Education and Behavioral Sciences. In 2012, new colleges and schools were formed as a result of further review of academic structure initiated due to continued university growth. A total of eight academic units were recognized on the HBU campus: Smith College of Liberal Arts, College of Education and Behavioral Sciences, School of Humanities, School of Fine Arts, College of Business, School of Nursing and Allied Health, College of Science and Mathematics, and the School of Christian Thought. In the restructuring, the Department of Psychology was moved to the College of Education and Behavioral Sciences. At that same time, the College of Education and Behavioral Sciences was divided into two schools-the School of Education and the School of Behavioral Sciences. The School of Education houses the Department of Special Populations and the Department of Curriculum and Instruction; the School of Behavioral Sciences houses the Department of Psychology; the School of Education and the School of Behavioral Sciences share leadership of the Department of Leadership and Counseling. In 2015, the College of Business was renamed as the Archie W. Dunham College of Business following receipt of a generous gift to the University. Also in 2015, the School of Humanities was expanded to incorporate the faculty and curriculum of the Smith College of Liberal Arts. In 2016, the School of Christian Thought expanded to include the newly founded Houston Theological Seminary. On January 31, 2018, the College of Engineering was commissioned. When the instructional areas were reorganized in 1973, the University adopted a quarter calendar that permitted multiple admission opportunities annually. Semester hours were retained as the standard credit unit. An early admissions program also was established which enabled students to secure High School diplomas at the end of the freshman year of college matriculation. The quarter calendar was reviewed by the faculty and administration in 2006-07 and the decision was made to revert to the semester calendar in fall 2008. To date, the university remains on a semester calendar.


Program accomplishments


Needs