Lubbock Christian University

Summary

LCU is a Christian organization that is passionately pursuing student success. Organizations from across the country have recognized Lubbock Christian University's efforts to offer a quality education that goes beyond the classroom, delivered from professors who have real world experience and who care about their students on a personal level.


Contact information

Mailing address:
Lubbock Christian University
5601 19th Street
Lubbock, TX 79407

Website: lcu.edu

Phone: 806-796-8800

Email: Traci.Sparks@LCU.edu


Organization details

EIN: 750950119

CEO/President: Dr. Scott McDowell

Chairman: Terry Creech

Board size: 29

Founder:

Year founded: 1956

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Lubbock Christian University will be a leading Christian university, known for its academic excellence and its commitment to faith that seeks understanding, where wisdom is pursued, vocation is discerned, and service is fostered.


Mission statement

Lubbock Christian University is a Christ-Centered, academic community of learners, transforming the hearts, minds, and hands of students for lives of purpose and service.


Statement of faith

Lubbock Christian University was founded in 1957 by members of the Churches of Christ who came together to establish a Christian university on the South Plains of Texas for the purpose of preparing and equipping students for lives of Christian service. The university is committed to continuing to walk with, to serve, and to be sustained by that fellowship. We welcome and embrace all of our students who come to the university from different faith backgrounds and perspectives, each of them a precious creation of God. As part of a tradition that grew out of a deep commitment to Christian unity and the renewing power of the Word, our hope and prayer is that the university will be a force for reconciliation, consistent with the best instincts of our heritage.

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 rating315 of 61839 of 85
Fund acquisition rating236 of 61813 of 85
Resource allocation rating147 of 61831 of 85
Asset utilization rating576 of 61878 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%8%8%6%15%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%2%2%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%20%23%25%12%18%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%2%2%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%80%77%75%88%82%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%88%87%86%86%97%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%86%89%82%88%96%
Program output ratio Program output ratio =
Program services /
Total revenue
80%76%77%70%75%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%14%11%18%12%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%9%8%14%10%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%11%12%12%3%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.440.460.470.490.51
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.815.945.224.704.234.59
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.182.602.422.202.082.36
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.666.177.936.577.457.30
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.160.130.150.130.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.713.874.334.615.004.39
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%27%27%29%33%35%
Debt ratio Debt ratio =
Debt /
Total assets
0%24%24%26%29%32%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%167%158%151%137%126%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$6,452,565$7,790,111$6,722,347$6,269,153$5,655,156
Receivables, inventories, prepaids$5,118,712$4,729,679$4,727,631$4,421,774$4,237,780
Short-term investments$4,931,397$4,468,504$6,546,123$7,300,607$5,571,495
Other current assets$0$0$0$0$0
Total current assets$16,502,674$16,988,294$17,996,101$17,991,534$15,464,431
Long-term investments$0$0$0$0$0
Fixed assets$54,060,814$44,617,575$42,287,520$40,202,361$40,321,392
Other long-term assets$27,385,944$27,052,821$24,252,874$17,896,974$15,136,860
Total long-term assets$81,446,758$71,670,396$66,540,394$58,099,335$55,458,252
Total assets$97,949,432$88,658,690$84,536,495$76,090,869$70,922,683
 
Liabilities20172016201520142013
Payables and accrued expenses$2,676,148$2,141,736$2,739,362$2,414,910$2,117,365
Other current liabilities$0$0$0$0$0
Total current liabilities$2,676,148$2,141,736$2,739,362$2,414,910$2,117,365
Debt$23,317,163$21,260,206$21,584,895$22,049,895$22,494,895
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$346,383$380,402$398,360$396,284$418,034
Total long-term liabilities$23,663,546$21,640,608$21,983,255$22,446,179$22,912,929
Total liabilities$26,339,694$23,782,344$24,722,617$24,861,089$25,030,294
 
Net assets20172016201520142013
Unrestricted$42,151,291$33,162,637$30,915,415$32,562,850$31,611,426
Temporarily restricted$10,545,302$15,577,212$11,984,637$9,792,508$5,672,406
Permanently restricted$18,913,145$16,136,497$16,913,826$8,874,422$8,608,557
Net assets$71,609,738$64,876,346$59,813,878$51,229,780$45,892,389
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$10,057,307$10,725,614$12,240,188$5,080,428$7,048,329
Program service revenue$36,407,315$34,208,591$31,359,178$31,516,335$28,061,168
Membership dues$0$0$0$0$0
Investment income$3,331,755$1,416,262$3,436,953$3,285,503$2,917,342
Other revenue($168,224)($147,150)$1,219,207$2,837,998$166,079
Total other revenue$39,570,846$35,477,703$36,015,338$37,639,836$31,144,589
Total revenue$49,628,153$46,203,317$48,255,526$42,720,264$38,192,918
 
Expenses20172016201520142013
Program services$37,618,362$35,666,550$33,985,648$31,975,365$35,419,722
Management and general$4,484,939$4,667,141$4,957,944$4,659,851$1,101,014
Fundraising$791,460$807,158$727,836$747,657$0
Total expenses$42,894,761$41,140,849$39,671,428$37,382,873$36,520,736
 
Change in net assets20172016201520142013
Surplus (deficit)$6,733,392$5,062,468$8,584,098$5,337,391$1,672,182
Other changes in net assets$0$0$0$0$0
Total change in net assets$6,733,392$5,062,468$8,584,098$5,337,391$1,672,182

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

With more than 65 undergraduate majors, a Scholars Colloquium, and an Honors College, LCU has been recognized by U.S. News & World Report as a Top 20 Comprehensive College in the Western Region. We have a 96% placement rate for graduates of our education program, and our pre-med students gain acceptance to medical school in a typical year at 85% which far exceeds the national average. LCU is one of the "greenest" campuses in the country, and as a student here, you can help ensure it stays that way. We're innovators in energy conservation, recycling, sustainability, and waste reduction, and we voluntarily seek LEED certification from the U.S. Green Building Council for new campus construction projects.


Needs