Gardner-Webb University

The information on this page was last updated 7/22/2022. If you see errors or omissions, please email: [email protected]


Summary

Located in the North Carolina foothills, Gardner-Webb University is a private, Christian, liberal arts university that prepares students to become critical thinkers, leaders and servants in the global community.


Contact information

Mailing address:
Gardner-Webb University
110 South Main Street
PO Box 997
Boiling Springs, NC 28017

Website: gardner-webb.edu

Phone: 704-406-4000

Email: [email protected]


Organization details

EIN: 560529972

CEO/President: Dr. William Downs

Chairman: Jennifer Marion Mills

Board size: 33

Founder: Two Baptist Associations

Ruling year: 2000

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Rigorous and innovative degree programs, combined with distinctive experiential learning opportunities, shape students into thinkers, doers, and world-changers. Forged within a supportive and diverse Christian community, our students emerge ready to impact their chosen professions, equipped with the skills to advance the frontiers of knowledge, and inspired to make a positive and lasting difference in the lives of others.


Mission statement

The mission of Gardner-Webb University is to prepare graduates for leadership and service in their professional careers and in their personal lives.


Statement of faith

Christian Heritage
Acknowledging one God - Creator, Redeemer and Sustainer of life; committing to the lordship of Christ and self-giving service displayed in Christ-like moral action that respects the dignity and value of every person.

Baptist Heritage
Affirming historic Baptist values such as the authority of Scripture in matters of faith and practice, the freedom of individual conscience and the right of people to worship God as they choose, the priesthood of all believers, the autonomy of the local church, and the separation of church and state.

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 rating279 of 103319 of 117
Fund acquisition rating376 of 103542 of 117
Resource allocation rating340 of 103530 of 117
Asset utilization rating443 of 103342 of 117

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%9%10%12%22%28%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
14%7%9%8%5%5%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
86%93%91%92%95%95%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%88%87%88%88%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%94%103%99%101%101%
Program output ratio Program output ratio =
Program services /
Total revenue
80%83%90%86%89%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%6%-3%1%-1%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%-3%1%-1%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%12%11%11%11%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.580.630.590.590.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.711.631.681.922.122.73
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.600.951.051.121.241.65
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.3812.759.9610.467.955.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.080.100.100.130.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9711.6310.249.668.435.99
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%20%23%23%23%25%
Debt ratio Debt ratio =
Debt /
Total assets
16%14%16%16%16%18%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%138%122%132%132%125%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$23,028,617$22,755,599$24,154,944$22,505,844$21,967,965
Receivables, inventories, prepaids$8,906,620$9,235,804$9,695,059$4,996,406$4,874,989
Short-term investments$68,248,986$57,641,273$48,405,482$45,105,639$30,392,222
Other current assets$0$0$0$0$0
Total current assets$100,184,223$89,632,676$82,255,485$72,607,889$57,235,176
Long-term investments$9,881,747$6,286,706$19,053,725$22,036,105$32,394,104
Fixed assets$53,048,724$54,047,121$55,864,866$58,653,873$62,405,162
Other long-term assets$385,146$405,483$448,847$424,765$4,475,886
Total long-term assets$63,315,617$60,739,310$75,367,438$81,114,743$99,275,152
Total assets$163,499,840$150,371,986$157,622,923$153,722,632$156,510,328
 
Liabilities20212020201920182017
Payables and accrued expenses$3,883,851$3,867,915$4,301,510$5,631,679$6,733,096
Other current liabilities$3,974,909$5,130,583$3,563,251$3,499,752$3,428,941
Total current liabilities$7,858,760$8,998,498$7,864,761$9,131,431$10,162,037
Debt$22,489,999$23,775,871$24,990,441$24,890,044$27,774,984
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,636,047$1,929,649$2,880,471$898,934$774,129
Total long-term liabilities$24,126,046$25,705,520$27,870,912$25,788,978$28,549,113
Total liabilities$31,984,806$34,704,018$35,735,673$34,920,409$38,711,150
 
Net assets20212020201920182017
Without donor restrictions$54,200,171$51,266,999$54,737,504$56,296,622$57,133,655
With donor restrictions$77,314,863$64,400,969$67,149,746$62,505,601$60,665,523
Net assets$131,515,034$115,667,968$121,887,250$118,802,223$117,799,178
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$7,471,898$8,528,407$7,858,165$4,524,521$4,635,354
Program service revenue$88,212,144$84,575,897$83,767,568$82,117,572$84,041,351
Membership dues$0$0$0$0$0
Investment income$5,277,327($1,657,533)$2,022,323$2,085,327$4,351,285
Other revenue($4,492)$11,815$16,882$743,373$755,253
Total other revenue$93,484,979$82,930,179$85,806,773$84,946,272$89,147,889
Total revenue$100,956,877$91,458,586$93,664,938$89,470,793$93,783,243
 
Expenses20212020201920182017
Program services$84,070,944$82,367,145$80,891,303$79,386,343$82,399,875
Management and general$10,564,650$11,286,931$10,594,812$9,950,444$10,614,526
Fundraising$648,309$851,231$920,134$980,443$1,277,363
Total expenses$95,283,903$94,505,307$92,406,249$90,317,230$94,291,764
 
Change in net assets20212020201920182017
Surplus (deficit)$5,672,974($3,046,721)$1,258,689($846,437)($508,521)
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,672,974($3,046,721)$1,258,689($846,437)($508,521)

Compensation

NameTitleCompensation
William M DownsPresident$400,035
James CraftHead Men's Basketball Coach$227,210
Tre LambHead Football Coach$183,859
Benjamin C LeslieProvost & EVP$181,472
Arnold F BonnerFormer President$176,796
Prince BullProfessor/Dean of School of Educ.$175,928
Mike W HardinSenior VP For Administration$173,945
Anthony NegbeneborProfessor$172,286
Ami SteelePa Program Director$163,465

Compensation data as of: 6/30/2021


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 7/22/2022. To update the information below, please email: [email protected]


History

Located in the North Carolina foothills on over 225 acres, Gardner-Webb University is a private, Christian, liberal arts university. Gardner-Webb emphasizes a strong student-centered experience and rigorous academics to prepare students to become effective leaders within the global community. Ignite your future at Gardner-Webb.edu.

From our humble beginnings as Boiling Springs High School in 1905, to our transition to higher education as Gardner-Webb College in 1942, to our evolution in 1993 as Gardner-Webb University, we've come a long way.

Gardner-Webb University was founded as a boarding high school before transitioning into a junior college and four-year institution. Today Gardner-Webb is a thriving regional university featuring a variety of bachelor's, master's and doctoral programs.

A partnership between the Kings Mountain Baptist Association and the Sandy Run Baptist Association established the Boiling Springs High School on December 2, 1905, as an institution "where the young...could have the best possible educational advantages under distinctive Christian influence." This close relationship with area churches continues today.

In response to the changing educational needs of the area, the school was transformed into the Boiling Springs College in 1928. The Great Depression created many challenges for small colleges around the country, but the survival of Gardner-Webb's predecessor was secured by the sacrifices of many loyal financial supporters.

In 1942, North Carolina Governor O. Max Gardner and his wife Fay Webb Gardner began devoting energy, guidance, time and wealth to strengthening the College. The influence of his family was so profound that the board of trustees voted to change the name of the institution to honor the governor, his wife and their families. Gardner-Webb College was born.

The decades following World War II were years of physical growth and academic development. New buildings were erected as enrollments continued to increase. A major step in Gardner-Webb's development was its full accreditation as a four-year college in 1971-1972. In 1980 the institution began offering a Master of Arts degree in education.

The institution officially became known as Gardner-Webb University in January 1993, culminating years of preparation. Gardner-Webb University's six professional schools and 14 academic departments offer more than 80 undergraduate and graduate major fields of study.

Historically the University has played significant roles in teacher education and ministerial preparation for church-related vocations. Programs of instruction and experiences designed to prepare teachers and ministers continue to be major objectives of the University.

Although there have been many changes over the years, Gardner-Webb University holds in high esteem its commitment to Christian principles and values as the best foundation for the development of human personality and social order.

Nationally recognized for character-building programs, Gardner-Webb challenges students to ignite their passions, purposes and professions within an environment that challenges the mind, heart and soul.


Program accomplishments


Needs