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

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating622 of 72582 of 87
Fund acquisition rating397 of 72649 of 87
Resource allocation rating588 of 72672 of 87
Asset utilization rating589 of 72582 of 87

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%20%23%27%20%22%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%1%2%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%8%6%6%7%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%92%94%94%93%92%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%76%74%73%75%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%91%89%102%93%88%
Program output ratio Program output ratio =
Program services /
Total revenue
81%69%66%74%70%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%9%11%-2%7%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%4%-1%3%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%22%24%25%23%24%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.250.260.270.260.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.013.763.725.064.154.35
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.940.971.391.061.10
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.269.478.656.909.128.74
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.110.120.140.110.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0311.4710.987.3810.049.62
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%28%24%26%24%22%
Debt ratio Debt ratio =
Debt /
Total assets
18%24%20%22%20%18%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%290%291%270%296%308%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$135,731,228$118,945,803$118,813,144$184,468,060$27,953,865
Receivables, inventories, prepaids$52,599,400$43,777,378$51,197,127$45,397,288$46,099,722
Short-term investments$316,370,835$298,096,519$144,921,988$151,653,000$277,403,323
Other current assets$0$0$0$0$0
Total current assets$504,701,463$460,819,700$314,932,259$381,518,348$351,456,910
Long-term investments$687,399,569$599,449,712$676,739,236$444,207,066$500,543,591
Fixed assets$444,508,793$389,653,781$357,620,541$358,786,665$361,239,532
Other long-term assets$261,044,203$262,113,569$242,863,324$399,752,853$315,038,836
Total long-term assets$1,392,952,565$1,251,217,062$1,277,223,101$1,202,746,584$1,176,821,959
Total assets$1,897,654,028$1,712,036,762$1,592,155,360$1,584,264,932$1,528,278,869
 
Liabilities20182017201620152014
Payables and accrued expenses$43,298,616$39,451,850$34,566,690$32,676,655$29,152,542
Other current liabilities$10,020,188$13,851,501$11,093,448$9,136,359$11,047,001
Total current liabilities$53,318,804$53,303,351$45,660,138$41,813,014$40,199,543
Debt$462,162,724$343,910,663$346,399,373$324,281,326$276,391,708
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$13,188,362$17,357,472$16,880,158$17,948,578$17,627,327
Total long-term liabilities$475,351,086$361,268,135$363,279,531$342,229,904$294,019,035
Total liabilities$528,669,890$414,571,486$408,939,669$384,042,918$334,218,578
 
Net assets20182017201620152014
Unrestricted$829,663,976$799,070,675$699,527,108$710,373,835$703,267,530
Temporarily restricted$129,423,474$115,569,319$119,398,732$127,308,193$137,942,686
Permanently restricted$409,896,688$382,825,282$364,289,851$362,539,986$352,850,075
Net assets$1,368,984,138$1,297,465,276$1,183,215,691$1,200,222,014$1,194,060,291
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$39,372,267$30,223,377$25,472,417$30,180,908$33,939,405
Program service revenue$408,610,103$400,243,433$381,804,299$360,544,605$341,260,909
Membership dues$0$0$0$0$0
Investment income$61,857,274$71,044,314$23,217,070$47,432,588$68,695,262
Other revenue$10,466,898($690,814)($453,697)($516,100)($309,208)
Total other revenue$480,934,275$470,596,933$404,567,672$407,461,093$409,646,963
Total revenue$520,306,542$500,820,310$430,040,089$437,642,001$443,586,368
 
Expenses20182017201620152014
Program services$360,054,169$331,386,962$320,212,392$305,920,146$289,312,359
Management and general$104,300,921$106,869,593$110,776,881$93,938,529$91,293,648
Fundraising$7,841,409$7,001,801$6,792,833$5,988,225$7,559,746
Total expenses$472,196,499$445,258,356$437,782,106$405,846,900$388,165,753
 
Change in net assets20182017201620152014
Surplus (deficit)$48,110,043$55,561,954($7,742,017)$31,795,101$55,420,615
Other changes in net assets$0$0$0$0$0
Total change in net assets$48,110,043$55,561,954($7,742,017)$31,795,101$55,420,615

Compensation

NameTitleCompensation
Andrew K BentonPresident and CEO$934,480
Rick MarrsProvost and Chief Academic Officer$700,258
Michael AdamsChancellor$665,110
Charles PippinSenior VP Investments & CIO$582,025
Gary HansonExecutive VP and COO$569,654
Lamar WilsonHead Basketball Coach$473,557
Samuel HinkleSVP For Advancement$453,840
Deryck Janse van RensburgDean, Gsbm$446,875
Paul LasiterVice President and CFO (thru 7/18)$424,012
Deanell TachaDean Emerita, School of Law$407,269
Edward LarsonDarling Professor of Law$394,920
Paul CaronDean, School of Law$382,165
Phil PhillipsVice President For Administration$339,242
Michael FeltnerDean, Seaver College$329,671
Robert J Pushaw JrProfessor of Law$317,722
Marc GoodmanGeneral Counsel$310,205
Lee KatsVice Provost For Research$295,560
Helen E WilliamsDean, Gsep$286,133
Jonathan SeeChief Information Officer$276,543
Jeffrey RohdeManaging Director of Investments$275,597
David SmithAssoc Prof Econ, Assoc Prov Online Learning$270,323
Edna PowellChief Business Officer$261,115
Lance BridgesmithAssociate VP For Planning Operations$241,683
Faye E HoltonDirector of Investments$238,089
Michael NicksDirector of Investments$235,416
Sara CosentinoChief Human Resources Officer$221,109

Compensation data as of: 7/31/2018


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