Pepperdine University

Summary

At Pepperdine, higher learning is aligned with a higher purpose. By integrating service, worship, and social responsibility with rigorous academic study, we create a community that nurtures heart, soul, strength, and mind.


Contact information

Mailing address:
Pepperdine University
24255 Pacific Coast Highway
Malibu, CA 90263

Website: pepperdine.edu

Phone: 310-506-4000

Email: admission-seaver@pepperdine.edu


Organization details

EIN: 951644037

CEO/President: Andrew B Kenton

Chairman: Dee Anna Smith

Board size: 30

Founder: George Pepperdine

Year founded: 1940

Tax deductible: Yes

Fiscal year end: 07/31

Member of ECFA: No

Member of ECFA since:


Purpose

Pepperdine University will be a preeminent, global, Christian university, known for the integration of faith and learning, whose graduates lead purposeful lives as servant-minded leaders throughout the world.


Mission statement

Pepperdine is a Christian university committed to the highest standards of academic excellence and Christian values, where students are strengthened for lives of purpose, service, and leadership.


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 rating501 of 58648 of 53
Fund acquisition rating279 of 58626 of 53
Resource allocation rating467 of 58647 of 53
Asset utilization rating532 of 58645 of 53

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%23%27%20%22%28%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%2%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%6%6%7%8%6%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%94%94%93%92%94%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%74%73%75%75%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%89%102%93%88%90%
Program output ratio Program output ratio =
Program services /
Total revenue
80%66%74%70%65%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%11%-2%7%12%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%4%-1%3%5%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%24%25%23%24%23%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.070.260.270.260.250.26
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.693.725.064.154.353.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.180.971.391.061.101.01
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.798.656.909.128.747.53
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.120.140.110.110.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7110.987.3810.049.6210.29
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%24%26%24%22%24%
Debt ratio Debt ratio =
Debt /
Total assets
0%20%22%20%18%20%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%291%270%296%308%293%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$118,945,803$118,813,144$184,468,060$27,953,865$60,814,529
Receivables, inventories, prepaids$43,777,378$51,197,127$45,397,288$46,099,722$41,952,123
Short-term investments$298,096,519$144,921,988$151,653,000$277,403,323$260,896,000
Other current assets$0$0$0$0$0
Total current assets$460,819,700$314,932,259$381,518,348$351,456,910$363,662,652
Long-term investments$599,449,712$676,739,236$444,207,066$500,543,591$387,683,675
Fixed assets$389,653,781$357,620,541$358,786,665$361,239,532$362,018,991
Other long-term assets$262,113,569$242,863,324$399,752,853$315,038,836$308,137,003
Total long-term assets$1,251,217,062$1,277,223,101$1,202,746,584$1,176,821,959$1,057,839,669
Total assets$1,712,036,762$1,592,155,360$1,584,264,932$1,528,278,869$1,421,502,321
 
Liabilities20172016201520142013
Payables and accrued expenses$39,451,850$34,566,690$32,676,655$29,152,542$38,342,982
Other current liabilities$13,851,501$11,093,448$9,136,359$11,047,001$9,965,837
Total current liabilities$53,303,351$45,660,138$41,813,014$40,199,543$48,308,819
Debt$343,910,663$346,399,373$324,281,326$276,391,708$278,965,566
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$17,357,472$16,880,158$17,948,578$17,627,327$17,261,210
Total long-term liabilities$361,268,135$363,279,531$342,229,904$294,019,035$296,226,776
Total liabilities$414,571,486$408,939,669$384,042,918$334,218,578$344,535,595
 
Net assets20172016201520142013
Unrestricted$799,070,675$699,527,108$710,373,835$703,267,530$630,777,127
Temporarily restricted$115,569,319$119,398,732$127,308,193$137,942,686$118,604,660
Permanently restricted$382,825,282$364,289,851$362,539,986$352,850,075$327,584,939
Net assets$1,297,465,276$1,183,215,691$1,200,222,014$1,194,060,291$1,076,966,726
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$30,223,377$25,472,417$30,180,908$33,939,405$25,387,351
Program service revenue$400,243,433$381,804,299$360,544,605$341,260,909$330,194,412
Membership dues$0$0$0$0$0
Investment income$71,044,314$23,217,070$47,432,588$68,695,262$52,879,247
Other revenue($690,814)($453,697)($516,100)($309,208)($112,383)
Total other revenue$470,596,933$404,567,672$407,461,093$409,646,963$382,961,276
Total revenue$500,820,310$430,040,089$437,642,001$443,586,368$408,348,627
 
Expenses20172016201520142013
Program services$331,386,962$320,212,392$305,920,146$289,312,359$275,007,743
Management and general$106,869,593$110,776,881$93,938,529$91,293,648$85,720,694
Fundraising$7,001,801$6,792,833$5,988,225$7,559,746$6,991,176
Total expenses$445,258,356$437,782,106$405,846,900$388,165,753$367,719,613
 
Change in net assets20172016201520142013
Surplus (deficit)$55,561,954($7,742,017)$31,795,101$55,420,615$40,629,014
Other changes in net assets$0$0$0$0$0
Total change in net assets$55,561,954($7,742,017)$31,795,101$55,420,615$40,629,014

Response from ministry

No response has been provided by this ministry.


History

It is nothing unusual that the economic expansion of the early 20th century made many American entrepreneurs wealthy. When wealth and success came to George Pepperdine, an alumnus of Parsons Business College in Kansas, it came to man of deep Christian faith and a lifelong member of Churches of Christ. In 1909 Pepperdine, then 23 years old and a newlywed, founded Western Auto Supply Company, a specialty retail chain of stores that supplied automobile parts and accessories, with an initial investment of five dollars. Serving a nation just beginning its love affair with the automobile, Western Auto grew at an exponential rate and eventually operated approximately 1,200 stores across the United States. Pepperdine had always exercised a spirit of generosity and charity, and was a man who understood himself as a steward and caretaker of the assets that God had entrusted to him. That sense of stewardship matured into a call of destiny when he observed the alarming rate at which Christian young men and women lost interest in their faith after going on to higher education. He determined that he would dedicate his fortune to creating and endowing a college that would provide the best education possible, managed by administrators and taught by professors who would support students in their Christian belief. On September 21, 1937 (commemorated annually as Founder's Day) George Pepperdine College was opened and dedicated, a mere seven months after Pepperdine had decided to go ahead with construction in February. Pepperdine remained thoroughly involved with the college for the rest of his life, frequently being seen on campus with Mrs. Pepperdine, attending chapel, board meetings, school functions, and sporting events. He narrated his life story and his purposes for the college in his biography Faith is My Fortune (1959). George Pepperdine died on July 31, 1962, his life an embodiment of Matthew 10:8, which has become the University's motto: Freely ye received, freely give. On September 21, 1937, the new campus of George Pepperdine College hosted 2,000 attendees gathered to witness the opening of the school. Speakers that day included California governor Frank Merriam, Los Angeles mayor Frank L. Shaw, the college's first president Batsell Baxter, and founder George Pepperdine. Among the crowd were the college's first students, 167 young men and women from 22 states and two foreign countries. Mr. Pepperdine clearly stated his intentions for the school on that day: "Our college is dedicated to a twofold objective: First, academic training in the liberal arts . . . Secondly, we are especially dedicated to a greater goal-that of building in the student a Christ-like life, a love for the church, and a passion for the souls of mankind."


Program accomplishments


Needs