Point Loma Nazarene University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com


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

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating523 of 81771 of 100
Fund acquisition rating467 of 81760 of 100
Resource allocation rating701 of 81784 of 100
Asset utilization rating260 of 81726 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%28%33%31%29%28%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%4%3%4%4%5%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%96%97%96%96%95%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%73%84%86%82%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%93%93%90%92%95%
Program output ratio Program output ratio =
Program services /
Total revenue
82%68%78%77%75%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%7%7%10%8%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%9%9%13%12%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%25%15%13%17%16%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.720.730.710.710.75
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.532.452.622.873.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.831.771.862.042.32
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.864.935.294.484.012.70
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.200.190.220.250.37
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.805.245.495.004.423.25
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%37%38%41%47%47%
Debt ratio Debt ratio =
Debt /
Total assets
17%24%26%29%32%30%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%88%85%83%75%71%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$26,330,983$34,244,850$24,663,100$39,073,358$38,843,139
Receivables, inventories, prepaids$10,786,933$10,942,462$11,363,607$10,100,434$8,309,718
Short-term investments$39,923,509$29,902,029$29,501,712$6,847,269$0
Other current assets$0$0$0$0$0
Total current assets$77,041,425$75,089,341$65,528,419$56,021,061$47,152,857
Long-term investments$4,171$0$0$0$0
Fixed assets$114,671,138$104,534,441$101,715,851$100,739,541$96,012,553
Other long-term assets$3,414,972$3,971,490$4,272,295$3,840,190$3,540,819
Total long-term assets$118,090,281$108,505,931$105,988,146$104,579,731$99,553,372
Total assets$195,131,706$183,595,272$171,516,565$160,600,792$146,706,229
 
Liabilities20192018201720162015
Payables and accrued expenses$8,613,432$7,240,840$7,649,837$9,539,245$14,723,282
Other current liabilities$7,013,755$6,941,773$6,974,345$4,421,518$2,765,725
Total current liabilities$15,627,187$14,182,613$14,624,182$13,960,763$17,489,007
Debt$46,772,124$48,169,054$49,520,812$51,037,261$44,063,041
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$9,456,752$8,297,144$5,915,311$9,835,453$8,006,289
Total long-term liabilities$56,228,876$56,466,198$55,436,123$60,872,714$52,069,330
Total liabilities$71,856,063$70,648,811$70,060,305$74,833,477$69,558,337
 
Net assets20192018201720162015
Unrestricted$117,936,568$108,286,700$95,487,711$80,664,308$73,679,771
Temporarily restricted$0$4,611,302$5,920,090$5,054,337$3,419,451
Permanently restricted$5,339,075$48,459$48,459$48,670$48,670
Net assets$123,275,643$112,946,461$101,456,260$85,767,315$77,147,892
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,953,545$4,871,806$5,748,838$5,330,038$6,045,327
Program service revenue$144,154,491$137,953,607$129,225,758$118,775,014$108,763,434
Membership dues$0$0$0$0$0
Investment income$1,697,271$1,408,032$793,203$694,617$582,968
Other revenue($45,077)($559,032)$0($566,883)($453,147)
Total other revenue$145,806,685$138,802,607$130,018,961$118,902,748$108,893,255
Total revenue$151,760,230$143,674,413$135,767,799$124,232,786$114,938,582
 
Expenses20192018201720162015
Program services$103,326,792$111,830,920$105,061,125$93,657,810$89,793,370
Management and general$35,792,081$19,716,650$15,289,663$18,964,972$17,953,503
Fundraising$1,657,196$1,611,794$1,771,628$1,539,820$1,663,632
Total expenses$140,776,069$133,159,364$122,122,416$114,162,602$109,410,505
 
Change in net assets20192018201720162015
Surplus (deficit)$10,984,161$10,515,049$13,645,383$10,070,184$5,528,077
Other changes in net assets$0$0$0$0$0
Total change in net assets$10,984,161$10,515,049$13,645,383$10,070,184$5,528,077

Compensation

NameTitleCompensation
Robert BrowerPresident$399,243
Alison ReaserChief Economist$288,220
Kerry FulcherProvost$258,479
George R Latter JrVP of Finance$238,560
Catherine SmithVP of Student Dev.$205,627
Corey FlingChief Information Officer$191,999
Dan BotheSchool Dean$180,410
Maria ZackDepartment Chair$165,161

Compensation data as of: 6/30/2019


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 10/27/2020. To update the information below, please email: info@ministrywatch.com


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