Simpson University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/19/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Simpson University, California's only Christian university north of Sacramento, has been educating and shaping world-influencers for nearly 100 years. Fully accredited, Simpson offers 24 liberal arts and professional studies degrees, an adult bachelor degree-completion program, graduate studies, and credential programs, serving more than 1,000 students a year.


Contact information

Mailing address:
Simpson University
2211 College View Drive
Redding, CA 96003

Website: simpsonu.edu

Phone: 530-224-5600

Email: admissions@simpsonu.edu


Organization details

EIN: 941339635

CEO/President: Dr. Norman Hall

Chairman: Dr. James M. Postma

Board size: 18

Founder: W. W. Newberry

Year founded: 1953

Tax deductible: Yes

Fiscal year end: 04/30

Member of ECFA: Yes

Member of ECFA since: 2000


Purpose

Simpson University, a school of the Christian and Missionary Alliance, is a Christ-centered learning community with an enduring commitment to world service and faith-infused education in professional studies and liberal arts.

Simpson University's passion is to be the university of choice for students who aspire to achieve their chosen life goals through a Christ-led, transformational and innovative education.


Mission statement

Simpson University is a Christ-centered learning community committed to developing each student in mind, faith and character for a lifetime of meaningful work and service in a constantly changing world.


Statement of faith

There is one God, who is infinitely perfect, existing eternally in three persons: Father, Son, and Holy Spirit. (Deuteronomy 6:4, Matthew 5:48, Matthew 28:19)

Jesus Christ is true God and true man. He was conceived by the Holy Spirit and born of the Virgin Mary. He died upon the cross, the Just for the unjust, as a substitutionary sacrifice, and all who believe in Him are justified on the ground of His shed blood. He arose from the dead according to the Scriptures. He is now at the right hand of the Majesty on high as our great High Priest. He will come again to establish His kingdom of righteousness and peace. (Philippians 2:6-11, Luke 1:36-38, I Peter 3:18, Hebrews 2:9, Romans 5:9, Acts 2:23-24, Hebrews 8:1, Matthew 26:64)

The Holy Spirit is a divine person, sent to indwell, guide, teach, empower the believer, and convince the world of sin, of righteousness, and of judgment. (John 14:15-18, John 16:13, Acts 1:8, John 16:7-11)

The Old and New Testaments, inerrant as originally given, were verbally inspired by God and are a complete revelation of His will for the salvation of men. They constitute the divine and only rule of Christian faith and practice. (II Peter 1:20-21, II Timothy 3:15-16)

Man was originally created in the image and likeness of God; he fell through disobedience, incurring thereby both physical and spiritual death. All men are born with a sinful nature, are separated from the life of God, and can be saved only through the atoning work of the Lord Jesus Christ. The portion of the impenitent and unbelieving is existence forever in conscious torment; and that of the believer, in everlasting joy and bliss. (Genesis 1:27, Romans 3:23, I Corinthians 15:20-23, Revelation 21:1-4,8)

Salvation has been provided through Jesus Christ for all men; and those who repent and believe in Him are born again of the Holy Spirit, receive the gift of eternal life, and become the children of God. (Titus 3:4-7)

It is the will of God that each believer should be filled with the Holy Spirit and be sanctified wholly, being separated from sin and the world and fully dedicated to the will of God, thereby receiving power for holy living and effective service. This is both a crisis and a progressive experience wrought in the life of the believer subsequent to conversion. (I Thessalonians 5:23, Acts 1:8, Romans 6:1-14)

Provision is made in the redemptive work of the Lord Jesus Christ for the healing of the mortal body. Prayer for the sick and anointing with oil are taught in the Scriptures and are privileges for the Church in this present age. (Matthew 8:16-17, James 5:13-16)

The Church consists of all those who believe on the Lord Jesus Christ, are redeemed through His blood, and are born again of the Holy Spirit. Christ is the Head of the Body, the Church, which has been commissioned by Him to go into all the world as a witness, preaching the gospel to all nations. (Ephesians 1:22-23, Matthew 28:19-20, Acts 2:41-47)

There shall be a bodily resurrection of the just and of the unjust; for the former, a resurrection unto life; for the latter, a resurrection unto judgment. (I Corinthians 15:20-23, John 5:28-29)

The second coming of the Lord Jesus Christ is imminent and will be personal, visible, and premillennial. This is the believer's blessed hope and is a vital truth which is an incentive to holy living and faithful service. (Hebrews 10:37, Luke 21:27, Titus 2:11-14)

Transparency grade

A

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating65 of 8444 of 106
Fund acquisition rating8 of 8446 of 106
Resource allocation rating465 of 84460 of 106
Asset utilization rating6 of 8441 of 106

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%16%8%5%6%5%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%84%92%95%94%95%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%84%81%80%80%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%107%106%103%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%87%87%85%83%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%-7%-6%-3%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-200%-91%-40%-20%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%16%19%20%20%19%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.521.281.050.960.981.07
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.8823.377.866.895.759.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7129.888.246.585.659.65
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.862.513.293.416.713.05
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.400.300.290.150.33
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.730.241.011.291.810.84
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%97%92%87%83%79%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%0%79%74%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
137%2%7%14%17%19%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$321,186$2,207,669$3,415,518$4,446,892$2,589,384
Receivables, inventories, prepaids$650,288$901,805$505,725$546,801$441,933
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$971,474$3,109,474$3,921,243$4,993,693$3,031,317
Long-term investments$0$0$0$0$0
Fixed assets$20,589,140$20,773,377$21,979,566$22,824,324$23,588,505
Other long-term assets$1,140,313$556,483$1,099,261$916,179$799,247
Total long-term assets$21,729,453$21,329,860$23,078,827$23,740,503$24,387,752
Total assets$22,700,927$24,439,334$27,000,070$28,734,196$27,419,069
 
Liabilities20192018201720162015
Payables and accrued expenses$326,978$939,622$1,149,891$744,461$993,751
Other current liabilities$60,380$6,922$0$0$0
Total current liabilities$387,358$946,544$1,149,891$744,461$993,751
Debt$0$0$0$22,787,332$20,348,517
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$21,682,088$21,599,232$22,245,989$457,153$389,482
Total long-term liabilities$21,682,088$21,599,232$22,245,989$23,244,485$20,737,999
Total liabilities$22,069,446$22,545,776$23,395,880$23,988,946$21,731,750
 
Net assets20192018201720162015
Unrestricted$108,012$1,649,264$3,380,628$4,507,133$5,458,179
Temporarily restricted$523,469$244,294$223,562$106,678$99,971
Permanently restricted$0$0$0$131,439$129,169
Net assets$631,481$1,893,558$3,604,190$4,745,250$5,687,319
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$4,430,393$1,830,423$1,240,207$1,511,358$1,559,029
Program service revenue$22,647,441$21,551,045$22,574,989$25,047,019$26,715,676
Membership dues$0$0$0$0$0
Investment income$6,434$3,286$0$13,141$0
Other revenue$677,251$537,934$542,417$680,869$592,265
Total other revenue$23,331,126$22,092,265$23,117,406$25,741,029$27,307,941
Total revenue$27,761,519$23,922,688$24,357,613$27,252,387$28,866,970
 
Expenses20192018201720162015
Program services$24,284,620$20,744,251$20,747,086$22,630,196$23,574,862
Management and general$4,738,976$4,892,355$5,056,256$5,570,967$5,682,820
Fundraising$0$0$0$0$0
Total expenses$29,023,596$25,636,606$25,803,342$28,201,163$29,257,682
 
Change in net assets20192018201720162015
Surplus (deficit)($1,262,077)($1,713,918)($1,445,729)($948,776)($390,712)
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,262,077)($1,713,918)($1,445,729)($948,776)($390,712)

Compensation

NameTitleCompensation
Walter QuirkActing CFO$145,456
Natalie McKenzieFormer CFO$104,817
Dr Norman HallPresident$26,849
Deborah CopelandFormer Secretar$22,774
Dr Robin DummerPast President$14,470

Compensation data as of: 4/30/2019


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 4/19/2021. To update the information below, please email: info@ministrywatch.com


History

Simpson University was founded in 1921 as Simpson Bible Institute by W.W. Newberry, who served as its first president. Established in Seattle, Washington, the school was named in honor of Albert Benjamin Simpson (1843-1919), a Presbyterian minister who pioneered the Bible institute movement during the late nineteenth century and founded the Christian and Missionary Alliance. Initially offering a two-year program of study, the school was designed to promote spiritual growth and prepare students for Christian life and service, especially overseas.

As the 1926 catalog stated: "Seattle is several hundred miles nearer to China than any other trade routes across the Pacific...if this is the gateway through which the blessed gospel must reach millions yet in darkness, it is an ideal place to train and equip those who shall carry it to these needy souls..."

By 1940, Simpson was offering a choice of programs: Theology, Missiology and Bible/Music. By 1945, it had officially become the western regional school of the C&MA.

In 1955, the school moved to San Francisco, and its name was changed to Simpson Bible College since it was now granting bachelor's degrees. Over the years, the college continued to broaden its academic offerings so that by the time the half-century mark was reached in 1971, it had become a more comprehensive liberal arts college offering professional as well as biblical studies. That same year, the name was changed to Simpson College.

Another historic milestone was passed in 1989 when Simpson relocated to its current location in Redding and began building a new campus, which is still a work in progress. Since the move, undergraduate enrollment has grown from less than 200 to more than 1,200. Graduate programs (including the School of Education and A.W. Tozer Theological Seminary) have been established, and the Adult Studies (ASPIRE) program was added. In 2004, Simpson College became Simpson University.

Today, Simpson students represent a range of Christian denominations. Typically, the largest segment are members of The Christian and Missionary Alliance; the remainder are associated with more than 30 different denominations and several independent churches. They represent a mix of ethnic backgrounds, and they come from a number of states and foreign countries.

The faculty, as well, reflect a broad range of evangelical backgrounds. Educated at a cross-section of institutions across the nation, they are also experienced in international study and ministry.

Since the early 1950s, the logo-statement of the college has been "Gateway to World Service." Although our original mission has expanded since 1921 and alumni of today serve in a variety of ministerial and lay professions, Simpson University maintains its focus on global service and its passion to deliver the gospel of Christ to those still lost in darkness.


Program accomplishments


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