Alliance University, formerly Nyack College
The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]
Summary
Alliance University, formerly known as Nyack College, is the nation's most ethnically diverse Christian school in the history of higher education. Located in the heart of New York City - the epicenter for culture and innovation - AU prepares students to take the whole Gospel to the whole world. With a focus on integrating spiritual transformation with academic excellence, AU equips students to serve their communities - personally transformed, globally engaged, and socially relevant.
Contact information
Mailing address:
Alliance University
2 Washington St.
New York, NY 10004
Website: nyack.edu
Phone: 212-625-0500
Email: [email protected]
Organization details
EIN: 131740285
CEO/President: Rajan S. Matthews
Chairman: Rev. Scott G. Slocum
Board size: 20
Founder: A.B. Simpson
Ruling year: 1958
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
For more than 140 years, our mission has remained steadfast. Intentional about offering a transformational experience, we prepare our students to be global citizens. Our institutional values are integral to fulfilling the mission of seeing our graduates go on to lead lives of purpose and service to others, continuing the legacy of our founder.
Be the university of first choice for all students seeking a transforming Christian education so that they become change agents for global transformation through the gospel of the Lord Jesus Christ.
Mission statement
Alliance University is committed to our STUDENTS as our first priority and will work to ensure they flourish under the wise hand of a loving God. Faculty and staff are our most important ACADEMIC resource. Through their professionalism and personal godly commitment and life, they will, as role models, teach our students to flourish. We will strive to be a community that lives out our VALUES. We will adopt and practice sound ECONOMIC and fiscal models of performance and operations.
Statement of faith
Alliance University is committed to our core values in our service to God and to others. Our core values are the guiding principles that lead to student success and transformation. This transformation leads to positive change for the student, those they will serve, and the world.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | 31 of 1096 | 3 of 130 | |
| Fund acquisition rating |  | 161 of 1098 | 20 of 130 |
| Resource allocation rating | | 73 of 1098 | 4 of 130 |
| Asset utilization rating | | 62 of 1096 | 5 of 130 |
This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 2% | 2% | 2% | 3% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 22% | 19% | 16% | 11% | 6% | 7% |
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 | 78% | 81% | 84% | 89% | 94% | 93% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 91% | 87% | 91% | 91% | 91% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 122% | 69% | 131% | 121% | 111% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 111% | 60% | 118% | 109% | 101% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | -22% | 31% | -31% | -21% | -11% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 211% | 449% | 64% | 142% | -203% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 8% | 12% | 9% | 9% | 9% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.97 | 0.84 | 0.66 | 0.70 | 0.69 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.66 | 6.65 | 4.71 | 5.86 | 4.94 | 6.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.39 | 6.45 | 3.94 | 3.84 | 3.46 | 4.16 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.60 | 2.34 | 3.25 | 3.78 | 3.75 | 2.55 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.43 | 0.31 | 0.26 | 0.27 | 0.39 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.33 | 1.07 | 2.11 | 2.30 | 2.54 | 1.76 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 25% | 108% | 92% | 124% | 108% | 97% |
Debt ratio Debt ratio = Debt / Total assets | 13% | 93% | 80% | 114% | 101% | 83% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | -9% | 10% | -37% | -12% | 5% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,201,691 | $3,485,743 | $2,470,131 | $6,826,846 | $4,063,233 |
| Receivables, inventories, prepaids | $7,019,027 | $9,013,836 | $8,659,540 | $7,843,173 | $7,733,438 |
| Short-term investments | $46,427 | $1,198,501 | $2,455,572 | $2,347,425 | $2,237,044 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $8,267,145 | $13,698,080 | $13,585,243 | $17,017,444 | $14,033,715 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $46,055,839 | $48,052,589 | $63,465,153 | $64,498,547 | $67,527,479 |
| Other long-term assets | $624,501 | $2,814,056 | $2,599,110 | $2,584,185 | $2,645,974 |
| Total long-term assets | $46,680,340 | $50,866,645 | $66,064,263 | $67,082,732 | $70,173,453 |
| Total assets | $54,947,485 | $64,564,725 | $79,649,506 | $84,100,176 | $84,207,168 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $2,526,431 | $2,793,478 | $2,236,530 | $2,646,185 | $3,702,229 |
| Other current liabilities | $1,009,864 | $1,421,007 | $1,356,119 | $1,896,648 | $1,797,613 |
| Total current liabilities | $3,536,295 | $4,214,485 | $3,592,649 | $4,542,833 | $5,499,842 |
| Debt | $50,921,107 | $51,620,317 | $90,624,110 | $84,676,255 | $69,523,110 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $5,095,582 | $3,320,191 | $4,541,445 | $1,989,109 | $6,313,637 |
| Total long-term liabilities | $56,016,689 | $54,940,508 | $95,165,555 | $86,665,364 | $75,836,747 |
| Total liabilities | $59,552,984 | $59,154,993 | $98,758,204 | $91,208,197 | $81,336,589 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | ($19,318,886) | ($9,445,631) | ($33,239,331) | ($21,168,447) | ($10,993,137) |
| With donor restrictions | $14,713,387 | $14,855,363 | $14,130,633 | $14,060,426 | $13,863,716 |
| Net assets | ($4,605,499) | $5,409,732 | ($19,108,698) | ($7,108,021) | $2,870,579 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $8,465,623 | $12,894,717 | $4,211,607 | $3,126,612 | $3,763,329 |
| Program service revenue | $34,461,199 | $36,412,528 | $35,077,054 | $44,788,649 | $47,626,829 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $427,682 | $28,804,001 | $296,510 | $437,865 | $856,847 |
| Other revenue | $243,442 | $191,596 | $406,471 | $372,859 | $258,988 |
| Total other revenue | $35,132,323 | $65,408,125 | $35,780,035 | $45,599,373 | $48,742,664 |
| Total revenue | $43,597,946 | $78,302,842 | $39,991,642 | $48,725,985 | $52,505,993 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $48,597,886 | $47,123,596 | $47,263,489 | $53,335,339 | $53,177,779 |
| Management and general | $4,529,442 | $6,648,812 | $4,850,553 | $5,404,313 | $5,091,937 |
| Fundraising | $175,296 | $242,796 | $91,039 | $85,818 | $74,231 |
| Total expenses | $53,302,624 | $54,015,204 | $52,205,081 | $58,825,470 | $58,343,947 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($9,704,678) | $24,287,638 | ($12,213,439) | ($10,099,485) | ($5,837,954) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($9,704,678) | $24,287,638 | ($12,213,439) | ($10,099,485) | ($5,837,954) |
Compensation
| Name | Title | Compensation |
| DAVID C JENNINGS-to10292021 | EXEC VP/TREAS. | $229,353 |
| David F Turk | Provost & VP | $177,373 |
| Kenneth E Baldes | Trustee | $165,525 |
| Cornelius F Spitzer | CFO | $138,923 |
| Dr Gary D Friesen | Trustee | $134,135 |
| Anita L Underwood | Dean Bus & Leadrsh | $125,891 |
| Stephen Maret | Prof of Psychology | $115,058 |
| Rajan S Mathews-Start 712021 | President | $115,000 |
| Sharron T Greaves | Prof Communication | $110,574 |
| Rev Thomas R Flanders | Trustee | $79,446 |
| Rev Kelvin Walker | Trustee | $77,094 |
| Dr Duane A Wheeland | Vice Chairman | $73,830 |
Compensation data as of: 6/30/2022
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 3/22/2023. To update the information below, please email: [email protected]
History
Over one hundred and thirty years ago, God ignited an overwhelming love for people of every race and tongue in the heart of a Canadian named Dr. A.B. Simpson. At the time, Simpson was the pastor of a large and affluent church in Manhattan. In response to what God was doing in his own life, Simpson urged his congregants to welcome the immigrants who were pouring into the city. Many in the church resisted this compassionate call and rejected Simpson's vision for the church.
One Sunday morning in 1882, Simpson declared from the pulpit, "I am not interested in being a respectable Christian." He resigned from the pastorate and established the Missionary Training Institute, where people would be trained to take the good news of God's love wherever it needed to be heard.
That school today is known as Alliance University.
Since its inception on the back of a Broadway stage, Alliance University has grown to become an institution of over 2,000 students pursuing a variety of undergraduate, graduate, and seminary programs. At the heart of it all is the commitment to share the love of Christ in the communities of our nation and abroad.
Dr. A.B. Simpson described this commitment as taking "the whole gospel" to "the whole world." Today, Alliance University is known as the most diverse Christian school in higher education-the fulfillment of A.B. Simpson's vision for a community from all walks of life united in a common purpose.