Alaska Christian College

Summary

ACC is a college located in Soldotna, Alaska and is affiliated with the Alaska Conference of the Evangelical Covenant Church. ACC provides faith-based education in a supportive community.


Contact information

Mailing address:
Alaska Christian College
35109 Royal Pl
Soldotna, AK 99669

Website: alaskacc.edu

Phone: 907-260-7422

Email: mail@alaskacc.edu


Organization details

EIN: 920174205

CEO/President: Keith Hamilton

Chairman: Paul Hawkinson

Board size: 0

Founder:

Year founded: 2002

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Our vision is to be the premier college of choice for Alaska Native students so that our graduates follow and serve Christ within the Church and larger society.


Mission statement

The mission of Alaska Christian College is to empower Alaska Natives through biblically-based higher education and Christian formation to pursue excellence in character, learning, and service as followers of Christ.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating353 of 77554 of 95
Fund acquisition rating1 of 7761 of 95
Resource allocation rating688 of 77688 of 95
Asset utilization rating423 of 77559 of 95

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%5%12%10%18%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%8%6%11%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%70%64%67%59%53%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%6%9%10%11%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%30%36%33%41%47%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%66%61%62%61%56%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%63%90%66%96%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%42%55%41%59%57%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%37%10%34%4%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%28%7%29%3%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%28%30%28%27%31%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.440.540.510.660.58
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.012.864.642.936.186.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.681.272.511.494.093.48
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0318.203.247.305.139.38
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.050.310.140.190.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.758.943.316.962.363.08
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%6%14%11%12%11%
Debt ratio Debt ratio =
Debt /
Total assets
17%4%8%6%9%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%213%159%176%134%154%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,392,133$919,689$1,185,538$482,962$455,175
Receivables, inventories, prepaids$1,067,087$140,405$464,917$13,796$29,374
Short-term investments$481,473$379,368$360,166$186,868$190,524
Other current assets$0$0$0$0$0
Total current assets$2,940,693$1,439,462$2,010,621$683,626$675,073
Long-term investments$0$0$0$0$0
Fixed assets$5,473,562$5,241,984$3,878,722$3,540,833$3,391,673
Other long-term assets$0$0$0$0$0
Total long-term assets$5,473,562$5,241,984$3,878,722$3,540,833$3,391,673
Total assets$8,414,255$6,681,446$5,889,343$4,224,459$4,066,746
 
Liabilities20192018201720162015
Payables and accrued expenses$99,182$374,303$234,683$122,730$71,996
Other current liabilities$62,417$69,488$40,754$10,548$0
Total current liabilities$161,599$443,791$275,437$133,278$71,996
Debt$318,229$508,365$347,836$361,715$370,717
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$318,229$508,365$347,836$361,715$370,717
Total liabilities$479,828$952,156$623,273$494,993$442,713
 
Net assets20192018201720162015
Unrestricted$5,668,716$5,387,246$3,306,082$2,823,338$2,815,633
Temporarily restricted$2,265,711$342,044$1,959,988$906,128$808,400
Permanently restricted$0$0$0$0$0
Net assets$7,934,427$5,729,290$5,266,070$3,729,466$3,624,033
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$4,140,610$2,571,629$3,031,691$1,716,309$1,245,924
Program service revenue$1,530,550$1,339,599$1,331,108$1,104,238$1,035,731
Membership dues$0$0$0$0$0
Investment income$23,723$17,097$11,125$2,236$8,908
Other revenue$250,225$89,303$133,609$83,314$49,698
Total other revenue$1,804,498$1,445,999$1,475,842$1,189,788$1,094,337
Total revenue$5,945,108$4,017,628$4,507,533$2,906,097$2,340,261
 
Expenses20192018201720162015
Program services$2,472,172$2,192,585$1,855,903$1,712,484$1,327,592
Management and general$1,050,621$1,094,575$847,707$767,926$739,716
Fundraising$206,060$321,204$290,185$312,558$285,116
Total expenses$3,728,853$3,608,364$2,993,795$2,792,968$2,352,424
 
Change in net assets20192018201720162015
Surplus (deficit)$2,216,255$409,264$1,513,738$113,129($12,163)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,216,255$409,264$1,513,738$113,129($12,163)

Compensation

NameTitleCompensation
Keith HamiltonPresident$129,909

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


History

Alaska Christian College (ACC) was founded in July of 2000 to meet post-secondary educational needs of Alaska Native students. ACC opened its doors on September 16, 2001 to 22 students from 13 different tribal and ethnic groups from seven different states, 18 of whom were of Native Alaskans/American ethnic origin. Since that first class, ACC has served more than 250 students, more than 90% of whom are Alaska Native.


Program accomplishments

Alaska Christian College is accredited by the Commission on Accreditation of the Association for Biblical Higher Education (ABHE).


Needs