Point Loma Nazarene University

Summary

PLNU is a Christian liberal arts university located in San Diego, CA, and sits on a 90-acre campus overlooking the Pacific Ocean. In addition to more than 60 undergraduate areas of study, PLNU also offers graduate programs.


Contact information

Mailing address:
Point Loma Nazarene University
3900 Lomaland Drive
San Diego, CA 92106

Website: pointloma.edu

Phone: 619-849-2200

Email: admissions@pointloma.edu


Organization details

EIN: 951644035

CEO/President: Robert Brower

Chairman: Rev. Doug Pierce

Board size: 38

Founder: Dr. Phineas F. Bresee

Year founded: 1937

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2014


Purpose

Point Loma Nazarene University will be a nationally prominent Christian university and a leading Wesleyan voice in higher education and the church - known for excellence in academic preparation, wholeness in personal development, and faithfulness to mission.


Mission statement

Point Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service is an expression of faith. Being of Wesleyan heritage, we strive to be a learning community where truth is pursued, grace is foundational, and holiness is a way of life.


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 rating303 of 61835 of 85
Fund acquisition rating284 of 61837 of 85
Resource allocation rating253 of 61846 of 85
Asset utilization rating406 of 61811 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%33%31%29%28%16%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%3%4%4%5%5%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%1%2%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%97%96%96%95%95%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%86%82%82%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%93%90%92%95%95%
Program output ratio Program output ratio =
Program services /
Total revenue
80%78%77%75%78%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%7%10%8%5%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%9%13%12%7%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%15%13%17%16%19%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.730.710.710.750.85
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.812.452.622.873.112.90
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.771.862.042.322.48
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.665.294.484.012.703.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.190.220.250.370.27
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.715.495.004.423.253.54
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%38%41%47%47%43%
Debt ratio Debt ratio =
Debt /
Total assets
0%26%29%32%30%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%85%83%75%71%67%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$34,244,850$24,663,100$39,073,358$38,843,139$36,137,210
Receivables, inventories, prepaids$10,942,462$11,363,607$10,100,434$8,309,718$5,754,162
Short-term investments$29,902,029$29,501,712$6,847,269$0$1,223,407
Other current assets$0$0$0$0$0
Total current assets$75,089,341$65,528,419$56,021,061$47,152,857$43,114,779
Long-term investments$0$0$0$0$1,373,660
Fixed assets$104,534,441$101,715,851$100,739,541$96,012,553$74,852,066
Other long-term assets$3,971,490$4,272,295$3,840,190$3,540,819$5,714,853
Total long-term assets$108,505,931$105,988,146$104,579,731$99,553,372$81,940,579
Total assets$183,595,272$171,516,565$160,600,792$146,706,229$125,055,358
 
Liabilities20182017201620152014
Payables and accrued expenses$7,240,840$7,649,837$9,539,245$14,723,282$9,564,036
Other current liabilities$6,941,773$6,974,345$4,421,518$2,765,725$2,030,374
Total current liabilities$14,182,613$14,624,182$13,960,763$17,489,007$11,594,410
Debt$48,169,054$49,520,812$51,037,261$44,063,041$34,980,762
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,297,144$5,915,311$9,835,453$8,006,289$6,741,894
Total long-term liabilities$56,466,198$55,436,123$60,872,714$52,069,330$41,722,656
Total liabilities$70,648,811$70,060,305$74,833,477$69,558,337$53,317,066
 
Net assets20182017201620152014
Unrestricted$108,286,700$95,487,711$80,664,308$73,679,771$65,020,027
Temporarily restricted$4,611,302$5,920,090$5,054,337$3,419,451$6,619,806
Permanently restricted$48,459$0$48,670$48,670$98,459
Net assets$112,946,461$101,456,260$85,767,315$77,147,892$71,738,292
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$4,871,806$5,748,838$5,330,038$6,045,327$5,722,627
Program service revenue$137,953,607$129,225,758$118,775,014$108,763,434$106,571,702
Membership dues$0$0$0$0$0
Investment income$1,408,032$793,203$694,617$582,968$395,177
Other revenue($559,032)$0($566,883)($453,147)($468,878)
Total other revenue$138,802,607$130,018,961$118,902,748$108,893,255$106,498,001
Total revenue$143,674,413$135,767,799$124,232,786$114,938,582$112,220,628
 
Expenses20182017201620152014
Program services$111,830,920$105,061,125$93,657,810$89,793,370$85,271,797
Management and general$19,716,650$15,289,663$18,964,972$17,953,503$20,614,867
Fundraising$1,611,794$1,771,628$1,539,820$1,663,632$919,447
Total expenses$133,159,364$122,122,416$114,162,602$109,410,505$106,806,111
 
Change in net assets20182017201620152014
Surplus (deficit)$10,515,049$13,645,383$10,070,184$5,528,077$5,414,517
Other changes in net assets$0$0$0$0$0
Total change in net assets$10,515,049$13,645,383$10,070,184$5,528,077$5,414,517

Response from ministry

No response has been provided by this ministry.


History

When Dr. Phineas F. Bresee responded to the growing need for a Christian college in the Los Angeles area, God used him to answer the heartfelt prayers of a group of six women who called themselves the Bible College Prayer Circle. The group had come together in 1897, and on July 28, 1902, their prayers were answered. Bresee founded and became the first president of Pacific Bible College, which would become Pasadena College and later Point Loma Nazarene University. The women had envisioned a Bible college, but Bresee's vision was for a liberal arts institution. He believed spiritual and academic learning went hand-in-hand. That legacy is still with us today, as PLNU remains committed to the liberal arts and to whole-person education. Pacific Bible College began with 41 students. In 1910, Bresee purchased the Hugus Ranch land in Pasadena and fulfilled his dream of creating not just a Bible college but a holiness university. Nazarene University opened in 1910 and from its beginning included male and female students. By 1919, the name of the school had changed again to Pasadena College. In 1964, W. Shelburne Brown became president of Pasadena College. He was instrumental in moving the college from its original location in Pasadena to its new Point Loma, San Diego, home in 1973. Dr. Bob Brower, PLNU's current president, was inaugurated in 1998. In 1999, PLNU began graduate programs in education in Bakersfield and Mission Valley. A graduate program in education had remained in Pasadena since the move and in 2001, it moved to Arcadia. Also in 2001, an MBA program was added in Mission Valley. PLNU now has three locations: the undergraduate campus in Point Loma and graduate programs at regional centers in Bakersfield and Mission Valley in San Diego. PLNU currently offers graduate degrees in biology, business, education, nursing, clinical counseling, kinesiology, and theology. Bresee's commitments to the message of holiness and to helping the poor set the stage for the future work of the Church of the Nazarene and PLNU. Nazarene churches are known for their outreach, their service to those in need, and addressing issues of social justice. Though the university began with only $4,000 in pledges, God has been faithful. Today, PLNU is home to more than 3,500 undergraduate and graduate students. There is a Bible on campus, encased in protective glass, that belonged to Phineas Bresee. It's opened to Isaiah 62, the chapter Bresee claimed for the school. Permanently marked with his fingerprints, it displays a double message: God's words in Isaiah 62 and Bresee's love for those words. It's a message of being grounded in Scripture, of pursuing a well-rounded education and serving the poor out of a primary and intense love for God and His Word. Bresee died in 1915, but his message still resonates. In fact, it defines PLNU.


Program accomplishments


Needs