Nyack College
The information on this page was last updated 5/13/2022. If you see errors or omissions, please email: [email protected]
Summary
Nyack is a Christian college and seminary in Nyack, NY.
Contact information
Mailing address:
Nyack College
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: 22
Founder: A.B. Simpson
Ruling year: 1958
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Nyack seeks to exalt Jesus Christ and fulfill its mission by being: Academically Excellent, Globally Engaged, Intentionally Diverse, Personally Transforming, and Socially Relevant.
Mission statement
Nyack College, a Christian and Missionary Alliance educational institution, through its undergraduate, graduate and seminary programs, pursues its historic mission of preparing men and women to "take the whole Gospel to the whole world."
Statement of faith
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 | 78 of 1022 | 2 of 118 | |
| Fund acquisition rating |  | 175 of 1025 | 22 of 118 |
| Resource allocation rating | | 129 of 1025 | 2 of 118 |
| Asset utilization rating | | 292 of 1022 | 21 of 118 |
This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 2% | 3% | 2% | 3% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 14% | 11% | 6% | 7% | 5% | 6% |
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 | 86% | 89% | 94% | 93% | 95% | 94% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 91% | 91% | 91% | 90% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 131% | 121% | 111% | 112% | 115% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 118% | 109% | 101% | 101% | 104% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | -31% | -21% | -11% | -12% | -15% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 64% | 142% | -203% | -68% | -54% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 9% | 9% | 9% | 9% | 9% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.49 | 0.66 | 0.70 | 0.69 | 0.67 | 0.64 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.68 | 5.86 | 4.94 | 6.00 | 5.91 | 4.28 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.55 | 3.84 | 3.46 | 4.16 | 3.96 | 2.73 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.24 | 3.78 | 3.75 | 2.55 | 2.18 | 4.20 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.14 | 0.26 | 0.27 | 0.39 | 0.46 | 0.24 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.21 | 2.30 | 2.54 | 1.76 | 1.64 | 3.34 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 25% | 124% | 108% | 97% | 90% | 84% |
Debt ratio Debt ratio = Debt / Total assets | 15% | 114% | 101% | 83% | 73% | 73% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 142% | -37% | -12% | 5% | 15% | 25% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $2,470,131 | $6,826,846 | $4,063,233 | $1,931,171 | $4,633,026 |
| Receivables, inventories, prepaids | $8,659,540 | $7,843,173 | $7,733,438 | $7,893,477 | $8,028,614 |
| Short-term investments | $2,455,572 | $2,347,425 | $2,237,044 | $5,077,608 | $10,137,957 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $13,585,243 | $17,017,444 | $14,033,715 | $14,902,256 | $22,799,597 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $63,465,153 | $64,498,547 | $67,527,479 | $70,686,828 | $72,296,050 |
| Other long-term assets | $2,599,110 | $2,584,185 | $2,645,974 | $2,517,042 | $2,392,701 |
| Total long-term assets | $66,064,263 | $67,082,732 | $70,173,453 | $73,203,870 | $74,688,751 |
| Total assets | $79,649,506 | $84,100,176 | $84,207,168 | $88,106,126 | $97,488,348 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,236,530 | $2,646,185 | $3,702,229 | $4,918,401 | $3,671,094 |
| Other current liabilities | $1,356,119 | $1,896,648 | $1,797,613 | $1,905,471 | $1,755,927 |
| Total current liabilities | $3,592,649 | $4,542,833 | $5,499,842 | $6,823,872 | $5,427,021 |
| Debt | $90,624,110 | $84,676,255 | $69,523,110 | $64,272,349 | $71,405,325 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $4,541,445 | $1,989,109 | $6,313,637 | $8,031,244 | $5,257,384 |
| Total long-term liabilities | $95,165,555 | $86,665,364 | $75,836,747 | $72,303,593 | $76,662,709 |
| Total liabilities | $98,758,204 | $91,208,197 | $81,336,589 | $79,127,465 | $82,089,730 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | ($33,239,331) | ($21,168,447) | ($10,993,137) | ($4,678,587) | $2,767,289 |
| With donor restrictions | $14,130,633 | $14,060,426 | $13,863,716 | $13,657,248 | $12,631,329 |
| Net assets | ($19,108,698) | ($7,108,021) | $2,870,579 | $8,978,661 | $15,398,618 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $4,211,607 | $3,126,612 | $3,763,329 | $2,833,180 | $3,352,357 |
| Program service revenue | $35,077,054 | $44,788,649 | $47,626,829 | $47,948,606 | $49,766,201 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $296,510 | $437,865 | $856,847 | $1,543,538 | $582,059 |
| Other revenue | $406,471 | $372,859 | $258,988 | $622,620 | $311,008 |
| Total other revenue | $35,780,035 | $45,599,373 | $48,742,664 | $50,114,764 | $50,659,268 |
| Total revenue | $39,991,642 | $48,725,985 | $52,505,993 | $52,947,944 | $54,011,625 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $47,263,489 | $53,335,339 | $53,177,779 | $53,380,741 | $56,295,456 |
| Management and general | $4,850,553 | $5,404,313 | $5,091,937 | $5,575,052 | $5,890,240 |
| Fundraising | $91,039 | $85,818 | $74,231 | $94,201 | $140,868 |
| Total expenses | $52,205,081 | $58,825,470 | $58,343,947 | $59,049,994 | $62,326,564 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($12,213,439) | ($10,099,485) | ($5,837,954) | ($6,102,050) | ($8,314,939) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($12,213,439) | ($10,099,485) | ($5,837,954) | ($6,102,050) | ($8,314,939) |
Compensation
| Name | Title | Compensation |
| Dr Michael G Scales | President | $285,057 |
| David C Jennings | Exec Vp/Treas. | $191,193 |
| David F Turk | Provost & VP | $174,170 |
| Kenneth E Baldes | Trustee | $139,180 |
| Jonathan A Gates | English Professor | $139,032 |
| Cornelius F Spitzer | CFO | $138,022 |
| Anita L Underwood | Dean Bus & Leadrsh | $128,696 |
| Jeffrey T Quinn | VP College Relatns | $117,393 |
| Dr Gary D Friesen | Trustee | $113,220 |
| Dr Duane A Wheeland | Vice Chairman | $89,515 |
| Rev Kelvin Walker | Trustee | $79,139 |
| Rev Thomas R Flanders | Trustee | $69,953 |
| Rev Han Young Baek | Trustee | $55,122 |
Compensation data as of: 6/30/2020
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 5/13/2022. 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 A.B. Simpson. In those days, Simpson was 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 reach out to the immigrants who were pouring into the city. He even went so far as to bring the poor and the downtrodden into his church. When he began to do this, many in the church were less than pleased.
So in a Sunday morning sermon in 1882, Simpson declared, "I am not interested in being a respectable Christian." He left the church and began a new venture in which his burning desire to serve all people could be satisfied. He left his church to start a school in which people would be trained to take the Good News of God's love wherever this news needed to be heard.
That school today is known as Nyack College.
Since its inception on the back of a Broadway stage in 1882, Nyack College has grown to become an institution of over 2,500 students pursuing a wide variety of graduate and undergraduate degrees on multiple campuses. At the heart of it all, is a burning commitment to bring the good news of God's love wherever this news needed to be heard.
A.B. Simpson described this commitment as taking "the whole gospel" to "the whole world." Today, as Nyack College serves students who represent "the whole world," the result is a diverse and vibrant community unlike any other in higher education.