Evangel University

The information on this page was last updated 3/21/2023. If you see errors or omissions, please email: [email protected]


Summary

Evangel is an accredited, liberal arts university with more than 70 academic programs on the cutting edge of today's professional fields. Our commitment to the integration of faith, learning and life attracts students from a wide variety of Christian denominational backgrounds who have a strong commitment to academics with a desire to combine their Christian faith with every aspect of their lives.


Contact information

Mailing address:
Evangel University
1111 N. Glenstone Ave.
Springfield, MO 65802

Website: evangel.edu

Phone: 417-865-2815

Email: [email protected]


Organization details

EIN: 440589787

CEO/President: Dr. Mike Rakes

Chairman:

Board size: 16

Founder: Rev. Ralph M. Riggs

Ruling year: 2019

Tax deductible: Yes

Fiscal year end: 04/30

Member of ECFA: No

Member of ECFA since:


Purpose

We prepare students for a career and a life of following Jesus, no matter where they go.


Mission statement

Evangel University is a comprehensive Christian university committed to excellence in educating and equipping students to become Spirit-empowered servants of God who impact the Church and society globally.


Statement of faith

The Seminary adheres to the Statement of Fundamental Truths of the Assemblies of God as indicated in Article V of its Constitution and Bylaws.

In summary, we believe:

the Bible is the inspired and only infallible and authoritative Word of God.

there is one God, eternally existent in three persons: God the Father, God the Son and God the Holy Spirit.

in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death, in His bodily resurrection, in His ascension to the right hand of the Father, in His personal future return to this earth in power and glory to rule a thousand years.

in the Blessed Hope-the Rapture of the Church at Christ's coming.

the only means of being cleansed from sin is through repentance and faith in the precious blood of Christ.

regeneration by the Holy Spirit is absolutely essential for personal salvation.

the redemptive work of Christ on the cross provides healing of the human body in answer to believing prayer.

the baptism in the Holy Spirit, according to Acts 2:4, is given to believers who ask for it.

in the sanctifying power of the Holy Spirit by whose indwelling the Christian is enabled to live a holy life.

in the resurrection of both the saved and the lost, the one to everlasting life and the other to everlasting damnation.

To find out more about what we believe, and the Assemblies of God and the Statement of Fundamental Truths, visit the Assemblies of God online.

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating278 of 111234 of 131
Fund acquisition rating167 of 111428 of 131
Resource allocation rating670 of 111474 of 131
Asset utilization rating376 of 111245 of 131

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%7%7%5%23%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
18%31%28%21%11%10%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%3%2%1%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
82%69%72%79%89%90%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%83%82%83%83%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%85%90%84%99%103%
Program output ratio Program output ratio =
Program services /
Total revenue
82%70%74%70%81%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%15%10%16%1%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%19%14%24%3%-6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%15%15%16%15%16%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.610.720.690.750.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.642.983.683.915.125.47
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.411.832.632.693.824.36
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.912.714.374.502.332.52
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.370.230.220.430.40
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.384.143.513.471.791.66
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%41%42%47%60%56%
Debt ratio Debt ratio =
Debt /
Total assets
11%29%35%41%51%47%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%95%81%77%54%56%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$12,763,889$6,238,779$4,681,232$5,758,101$1,150,696
Receivables, inventories, prepaids$1,992,279$1,227,796$1,423,718$1,171,652$1,010,524
Short-term investments$20,104,197$15,786,679$14,968,265$8,027,907$10,481,531
Other current assets$0$0$0$0$0
Total current assets$34,860,365$23,253,254$21,073,215$14,957,660$12,642,751
Long-term investments$0$0$0$0$0
Fixed assets$57,008,926$49,452,134$48,796,177$49,704,649$43,098,816
Other long-term assets$11,868,038$12,795,198$12,607,694$11,945,374$13,456,981
Total long-term assets$68,876,964$62,247,332$61,403,871$61,650,023$56,555,797
Total assets$103,737,329$85,500,586$82,477,086$76,607,683$69,198,548
 
Liabilities20232022202120202019
Payables and accrued expenses$7,437,098$4,493,851$3,845,671$3,979,608$4,494,119
Other current liabilities$5,423,830$829,051$838,307$2,443,576$515,477
Total current liabilities$12,860,928$5,322,902$4,683,978$6,423,184$5,009,596
Debt$29,639,080$30,037,423$33,878,743$38,898,005$32,786,384
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$462,298$580,482$507,047$564,567$726,118
Total long-term liabilities$30,101,378$30,617,905$34,385,790$39,462,572$33,512,502
Total liabilities$42,962,306$35,940,807$39,069,768$45,885,756$38,522,098
 
Net assets20232022202120202019
Without donor restrictions$7,048,988$9,805,803$6,764,117($1,968,624)($1,784,554)
With donor restrictions$53,726,035$39,753,976$36,643,201$32,690,551$32,461,004
Net assets$60,775,023$49,559,779$43,407,318$30,721,927$30,676,450
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$23,431,772$19,301,541$13,829,753$6,298,283$5,540,352
Program service revenue$50,790,632$48,377,378$48,153,096$48,761,527$47,596,364
Membership dues$0$0$0$0$0
Investment income$835,592$395,196$437,872$409,611$533,263
Other revenue$129,575($47,594)$4,701,532$2,527,691($434,939)
Total other revenue$51,755,799$48,724,980$53,292,500$51,698,829$47,694,688
Total revenue$75,187,571$68,026,521$67,122,253$57,997,112$53,235,040
 
Expenses20232022202120202019
Program services$52,717,051$50,377,401$46,883,650$47,252,027$45,118,163
Management and general$9,387,666$9,466,753$9,086,049$8,501,156$8,709,672
Fundraising$1,688,366$1,402,558$688,094$1,448,647$1,246,940
Total expenses$63,793,083$61,246,712$56,657,793$57,201,830$55,074,775
 
Change in net assets20232022202120202019
Surplus (deficit)$11,394,488$6,779,809$10,464,460$795,282($1,839,735)
Other changes in net assets$0$0$0$0$0
Total change in net assets$11,394,488$6,779,809$10,464,460$795,282($1,839,735)

Compensation

NameTitleCompensation
Dr Michael RakesPresident$518,628
Dr Michael KolstadExecutive Vp/Chief of Staff$218,733
Linda AllenVP of Business & Finance/CFO$218,090
Dr Jonathan SpenceVP/Chief Academic Officer$174,267
Christopher BelcherVP of Enrollment Management$167,752

Compensation data as of: 4/30/2023


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 3/21/2023. To update the information below, please email: [email protected]


History

Evangel University, the first Pentecostal liberal arts college chartered in America, opened its doors on September 1, 1955. In those early days, there were only a few men who dreamed about a school like Evangel, where Assemblies of God students' faith would be nurtured and his or her life's calling could be discovered. However, not everyone shared those dreams. It would take more than a desire to make Evangel a reality.

The Rev. Ralph M. Riggs, general superintendent of the Assemblies of God at that time, was known as "Mr. Education" in the AG. Against some strong opposition from many members of the Assemblies of God, Riggs spearheaded the movement to create Evangel, and after several earlier attempts failed, the resolution to create Evangel finally passed at the 1953 General Council in Milwaukee, Wisconsin. Once the resolution was approved, a location for the new college had to be found.

At the time of the search for a permanent home for Evangel, the U.S. government declared the land and buildings of O'Reilly General Hospital in Springfield, Missouri, as surplus property. The hospital was built during World War II to treat wounded soldiers and was always meant to be a temporary site. After a short stint as a veterans hospital in the post-war period, O'Reilly was shut down in 1952.

Ralph Riggs, along with several other leaders in the movement, stood on the ground of O'Reilly General Hospital and prayed, asking the Lord to let the site be used for Evangel College. After Assemblies of God executives mailed a 51-page application to the Department of Health, Education and Welfare on April 26, 1954, months went by with no word. Following that, complicated negotiations ensued. The AG knew that any city, county, state or federal agency that wanted the land would receive preference. Still, the leaders prayed.

After more prayer and a few final obstacles to overcome, the AG received the deed to 57 1/2 acres of O'Reilly property on December 8, 1954. Evangel opened its doors to the first freshman class on September 1, 1955. The founding of the General Council of the Assemblies of God in 1914 was marked by an emphasis upon the need for training ministers and missionaries. Central Bible College (CBC) was established in 1922 in response to this need.

CBC's inaugural classes assembled in the basement of the old Central Assembly of God church building. The crowded quarters, which included only two classrooms, were soon outgrown. Businessmen contributed $5,000 for purchase of a 15-acre tract on North Grant Avenue, and construction began. With a student body of 132, Central Bible College occupied its new building, Bowie Hall, in 1924. The first class graduated in 1925. Later, more land was acquired, increasing the size of the campus to 32 acres.

Along with establishing a fully operational campus, a solid foundation of Biblical principles and practical training was laid by leaders of CBC through the early years.

Adding to Central Bible College's rapid growth, three other schools merged with CBC: Bethel Bible Training Institute of Newark, New Jersey in 1929; South Central Bible College of Hot Springs, Arkansas in 1953; and Great Lakes Bible Institute, Zion, Illinois, in 1954.

The first full-time president was Bartlett Peterson, who began his administration in 1948. In the same year, CBC inaugurated its fourth year of course work, leading to a bachelor degree, and became a charter member of the Accrediting Association of Bible Colleges. Under the leadership of Philip Crouch, the name was changed from Central Bible Institute to Central Bible College. Many new facilities were added to the campus throughout his presidency.

CBC's campus and program offerings continued to grow through the early 2000s. When a vision was cast for consolidation to occur, CBC's programs were proposed to help form a new School of Theology and Church Ministries. That vision became a reality, as students and faculty from CBC assumed vital roles while integrating and becoming part of Evangel.


Program accomplishments


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