William Jessup University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/3/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

As a nationally-ranked Christian university, William Jessup University seeks to develop the whole person by developing skills in communication, quantitative reasoning, and critical thinking and by exposing students to a broad cross-section of knowledge in science, social science, and the humanities.

Jessup has more than 70 programs on campus and online. We maintain high academic standards while guiding students towards fulfilling careers and authentic relationships with Christ.

Jessup is a member of the Association of Independent California Colleges and Universities (AICCU) and a member of the Council for Christian Colleges and Universities (CCCU).


Contact information

Mailing address:
William Jessup University
2121 University Avenue
Rocklin, CA 95765

Website: jessup.edu

Phone: 916-577-2200

Email: information@jessup.edu


Organization details

EIN: 941279803

CEO/President: John Jackson, Ph.D.

Chairman: Clifford Daugherty

Board size: 11

Founder: Dr. Eugene Sanderson and Dr. William L. Jessup

Year founded: 1947

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2013


Purpose

The William Jessup University vision is that our graduates will be transformed and will help redeem world culture by providing notable servant leadership; by enriching family, church and community life; and by serving with distinction in their chosen career. We are committed to helping students Thrive Spiritually, receive a Quality Liberal Arts Education, and be Exceptionally Employable.

William Jessup University desires that its graduates will exemplify transformational leadership in church and society through the integration of their faith, learning, and critical thought in the arenas of Christian literacy, communication and intellectual skills, professional competence, and global citizenship.


Mission statement

In partnership with the Church, the purpose of William Jessup University is to educate transformational leaders for the glory of God.


Statement of faith

We believe in one God, the maker of heaven and earth: Father, Son and Holy Spirit, as revealed in the Holy Bible and made known in Jesus Christ our Lord;

We believe that Jesus the divine Son became human, was born of a virgin, ministered in word and miracle, died for our sin, was raised bodily from the dead, ascended to God's right hand and is coming again for His people;

We believe that the Holy Spirit is presently ministering through the Christian community, empowering lives of godliness and service;

We believe that the Holy Bible is completely God breathed, true in all its teaching, and the final authority for all matters of faith and practice;

We believe that Jesus Christ established His church on earth to carry out His saving mission among all ethnic groups and formed her to be one holy people;

We believe in God's saving grace that calls forth from all people: faith, repentance, confession, baptism, and new life and ministry through the Spirit; and

We commit ourselves to the teachings, practice and defense of these truths until the coming of our Lord Jesus Christ.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating660 of 91190 of 111
Fund acquisition rating463 of 91352 of 111
Resource allocation rating566 of 91368 of 111
Asset utilization rating660 of 91192 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%14%79%34%45%51%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%3%4%4%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%22%5%12%9%10%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%4%4%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%78%95%88%91%90%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%82%87%86%87%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%85%102%97%100%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%70%90%84%87%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%15%-2%3%0%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%29%-5%7%0%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%9%9%9%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.460.470.450.410.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.735.825.439.9115.7217.51
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.652.564.456.416.33
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.083.395.053.222.361.64
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.300.200.310.420.61
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.953.193.771.861.080.74
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%73%80%77%78%78%
Debt ratio Debt ratio =
Debt /
Total assets
16%68%76%74%76%75%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%59%43%51%53%60%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$13,862,817$14,466,507$3,672,933$2,540,213$2,475,269
Receivables, inventories, prepaids$2,601,302$2,557,360$3,633,808$1,047,665$641,469
Short-term investments$4,026,400$3,546,882$3,131,316$2,879,141$2,603,182
Other current assets$0$0$0$0$0
Total current assets$20,490,519$20,570,749$10,438,057$6,467,019$5,719,920
Long-term investments$0$0$5,085,160$5,085,160$5,085,160
Fixed assets$98,552,817$90,775,196$87,659,517$89,814,704$89,097,661
Other long-term assets$281,972$296,415$294,539$287,445$272,329
Total long-term assets$98,834,789$91,071,611$93,039,216$95,187,309$94,455,150
Total assets$119,325,308$111,642,360$103,477,273$101,654,328$100,175,070
 
Liabilities20202019201820172016
Payables and accrued expenses$4,378,765$2,428,395$1,980,517$1,800,601$2,527,268
Other current liabilities$1,670,930$1,641,882$1,258,375$938,185$958,993
Total current liabilities$6,049,695$4,070,277$3,238,892$2,738,786$3,486,261
Debt$81,289,753$84,901,039$76,438,515$76,791,477$74,808,073
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$81,289,753$84,901,039$76,438,515$76,791,477$74,808,073
Total liabilities$87,339,448$88,971,316$79,677,407$79,530,263$78,294,334
 
Net assets20202019201820172016
Without donor restrictions$25,839,021$16,831,628$16,888,859$18,608,652$18,503,034
With donor restrictions$6,146,839$5,839,416$6,911,007$3,515,413$3,377,702
Net assets$31,985,860$22,671,044$23,799,866$22,124,065$21,880,736
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$14,233,393$2,422,590$5,805,390$3,934,719$3,591,789
Program service revenue$49,372,814$48,738,280$42,186,601$37,440,297$31,791,292
Membership dues$0$0$0$0$0
Investment income$230,379$239,905$192,810$135,736$911,657
Other revenue($77,835)($48,489)($57,619)($33,490)($39,676)
Total other revenue$49,525,358$48,929,696$42,321,792$37,542,543$32,663,273
Total revenue$63,758,751$51,352,286$48,127,182$41,477,262$36,255,062
 
Expenses20202019201820172016
Program services$44,685,690$45,983,983$40,195,982$36,015,486$32,052,733
Management and general$7,718,983$4,665,094$4,310,725$3,629,159$2,297,697
Fundraising$1,980,444$1,915,439$1,987,974$1,783,070$1,837,143
Total expenses$54,385,117$52,564,516$46,494,681$41,427,715$36,187,573
 
Change in net assets20202019201820172016
Surplus (deficit)$9,373,634($1,212,230)$1,632,501$49,547$67,489
Other changes in net assets$0$0$0$0$0
Total change in net assets$9,373,634($1,212,230)$1,632,501$49,547$67,489

Compensation

NameTitleCompensation
John JacksonPresident$314,920
David PuntChief Financial Officer (Part Year)$194,981
Tom SasserChief Development Officer (Part Year)$190,237
Dennis JamesonChief Academic Officer/Provost (Part Year)$187,607
Judy RentzChief Operations Officer$183,371
Ahmad ShaarDirector of Corporate Learning-iMBA Advisor, Asst$165,141
Stephen StrombeckDean/School of Business$149,564
Diane AhnInterim Chief Financial Officer$98,984

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 5/3/2021. To update the information below, please email: info@ministrywatch.com


History

William Jessup University began during the Great Depression of the 1930's. Dr. Eugene Sanderson, who had already started three other colleges, saw the need for a Bible college in the greater San Francisco Bay Area. He purchased two large houses on adjacent lots at Fifth and San Carlos Streets in San Jose, across from the campus of San Jose Teachers College (now San Jose State University). Over the course of several years, he improved the property and built a chapel for the faculty and student body yet to come.

In January of 1939, Sanderson asked William L. Jessup to carry on the vision and start the College. Bill and his wife, Carrie, moved from Visalia to San Jose to open the College. On September 20, 1939, classes at San Jose Bible College began with fourteen students. The curriculum focused on the study of the Bible and preparation for church vocations.

During the next few years, growth at San Jose Bible College created the need for a new and larger campus. Seven and one-half acres were purchased at Twelfth and Virginia Streets in San Jose. The first three buildings were erected and put into use by February 1951. The first on-campus housing, Beach Memorial Hall, a dormitory for women, was dedicated in 1960.

During the 1960s and 1970s new buildings included a second dormitory, a new cafeteria, the Memorial Library, the Tiffin Center, a multipurpose gymnasium, and a classroom building. The College received accreditation with the Accrediting Association of Bible Colleges (now the Association of Biblical Higher Education) in 1962 and is currently an active member.

Dr. Bryce Jessup, the son of the founder and the Colleges fifth president began his leadership in 1984. He has led the University to its greatest growth in enrollment, facilities, and curriculum. Multicultural programs focusing on leadership training were added to the curriculum for students from various cultural heritages in and around San Jose. Students from more than thirty different birth countries enrolled. The School of Professional Studies (formerly Degree Completion Program) for working adults was added in 1996 to meet the educational needs of adult learners and now comprises nearly one-third of the student population.

The 125-acre property purchased in Rocklin included a striking, award winning office and warehouse facility for the Herman Miller Corporation, designed by world-renowned architect Frank Gehry. The renovation for campus use received the Best Rebuild/Renovation Award from the Sacramento Business Journal in March 2005.

When William Jessup University started classes in Rocklin, it did so as the first private four-year university in the greater Sacramento area and the first evangelical Christian College between Fresno and Redding.

William Jessup University received accreditation in 2002 as San Jose Christian College. The name was changed to William Jessup University in 2003, and the campus was moved to Rocklin, California, in 2004. Since arriving in Rocklin in 2004, the 130 acre campus has become host to over 20 degree majors and over 50 programs. In 2014 we had close to 1400 people take classes at our campuses in Rocklin and San Jose (evening classes). The University has doubled in the past three years and we believe our best days are just ahead!


Program accomplishments


Needs