Southern Wesleyan University

The information on this page was last updated 4/24/2024. If you see errors or omissions, please email: [email protected]


Summary

Southern Wesleyan University is a private Christian university committed to liberal arts and professional education. We are proud to be an institution of The Wesleyan Church, a worldwide body of evangelical Protestant believers. Our name has changed over the years, but our mission-to be a Christian community of learners that recognizes God as the source of all truth and wisdom-has remained.


Contact information

Mailing address:
Southern Wesleyan University
PO Box 1020
Central, SC 29630

Website: swu.edu

Phone: 864-644-5000

Email: [email protected]


Organization details

EIN: 570324936

CEO/President: Dr. William D. Barker

Chairman: Sue Rickman

Board size: 31

Founder:

Ruling year: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We believe that every individual has a God given purpose, brought to fruition by the sanctifying power of the Holy Spirit and the challenge of scholarship. As we participate in a consecrated community of learners we are continuously transformed into the image of Christ both individually and corporately.


Mission statement

Southern Wesleyan University is a Christ-centered, student focused learning community devoted to transforming lives by challenging students to be dedicated scholars and servant leaders who impact the world for Christ.


Statement of faith

he following is a summary of the doctrine set forth in the Articles of Religion, but the statement is not intended to replace or in any way supersede the more explicit affirmations found in the most current version of The Discipline of the Wesleyan Church. We believe in God the Father, the Son, and the Holy Spirit.

We believe that Jesus Christ, the Son, suffered in our place on the cross, that He died but rose again, that He now sits at the Father's right hand until He returns to judge all men at the last day.

We believe in the Holy Scriptures as the inspired and inerrant Word of God.

We believe that by the grace of God every person has the ability and responsibility to choose between right and wrong and that those who repent of their sins and believe in the Lord Jesus Christ are justified by faith.

We believe that God not only counts the believer as righteous but that He also makes him righteous, freeing him of sin's dominion at conversion, purifying his heart by faith and perfecting him in love at entire sanctification, and providing for his growth in grace in every stage of his spiritual life, enabling him through the presence and power of the Holy Spirit to live a victorious life.

Donor confidence score

This organization does not file a Form 990.

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating618 of 111277 of 131
Fund acquisition rating649 of 111486 of 131
Resource allocation rating730 of 111482 of 131
Asset utilization rating384 of 111246 of 131

Financial ratios

Funding ratiosSector median202320222021
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%15%4%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
18%13%30%17%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
82%87%70%83%
 
Operating ratiosSector median202320222021
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%82%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%83%96%
Program output ratio Program output ratio =
Program services /
Total revenue
82%79%70%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%17%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%2%17%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%16%15%14%
 
Investing ratiosSector median202320222021
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.620.680.79
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.642.532.643.38
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.411.561.792.67
 
Liquidity ratiosSector median202320222021
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.918.937.895.15
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.110.130.19
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.386.825.853.62
 
Solvency ratiosSector median202320222021
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%13%15%19%
Debt ratio Debt ratio =
Debt /
Total assets
11%7%9%11%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%142%125%103%

Financials

Balance sheet
 
Assets202320222021
Cash$9,751,128$8,493,346$6,575,962
Receivables, inventories, prepaids$2,742,553$4,490,403$955,706
Short-term investments$6,048,527$4,621,808$4,672,238
Other current assets$0$0$0
Total current assets$18,542,208$17,605,557$12,203,906
Long-term investments$3,674,906$4,037,290$4,039,512
Fixed assets$24,654,880$24,689,001$24,449,181
Other long-term assets$119,893$136,160$565,091
Total long-term assets$28,449,679$28,862,451$29,053,784
Total assets$46,991,887$46,468,008$41,257,690
 
Liabilities202320222021
Payables and accrued expenses$1,125,496$1,365,152$1,235,234
Other current liabilities$951,039$866,120$1,134,474
Total current liabilities$2,076,535$2,231,272$2,369,708
Debt$3,418,527$3,989,508$4,560,490
Due to (from) affiliates$0$0$0
Other long-term liabilities$457,309$666,065$829,986
Total long-term liabilities$3,875,836$4,655,573$5,390,476
Total liabilities$5,952,371$6,886,845$7,760,184
 
Net assets202320222021
Without donor restrictions$29,177,711$28,698,633$22,108,268
With donor restrictions$11,861,805$10,882,530$11,389,238
Net assets$41,039,516$39,581,163$33,497,506
 
Revenues and expenses
 
Revenue202320222021
Total contributions$3,980,206$11,395,794$5,842,583
Program service revenue$23,982,261$25,782,210$27,498,617
Membership dues$0$0$0
Investment income$768,598$147,363$191,010
Other revenue$1,101,562$774,082$508,478
Total other revenue$25,852,421$26,703,655$28,198,105
Total revenue$29,832,627$38,099,449$34,040,688
 
Expenses202320222021
Program services$23,655,819$26,499,925$27,471,346
Management and general$4,710,331$4,581,515$4,616,345
Fundraising$615,128$472,073$511,902
Total expenses$28,981,278$31,553,513$32,599,593
 
Change in net assets202320222021
Surplus (deficit)$851,349$6,545,936$1,441,095
Other changes in net assets$0$0$0
Total change in net assets$851,349$6,545,936$1,441,095

Compensation

NameTitleCompensation
Dr William CrothersPresident (Part Year)$150,909
Dr April White PughProvost (Part Year)/VP for Academic Affairs$122,546
Dr William D BarkerPresident$99,917
Mr Devon R BroomeInterim VP for Finance/CFO/Treasurer$78,508
Mr Roger HouseVP for Finance/CFO/Treasurer (Part Year)/Director$77,032
Mr D Kenneth WhitenerVP for Finance/CFO/Treasurer (Part Year)/Director$20,764

Compensation data as of: 6/30/2023


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 4/24/2024. To update the information below, please email: [email protected]


History

Southern Wesleyan University was originally established in 1906 as the Wesleyan Methodist Bible Institute whose mission was to develop Christian character in its students while giving thorough intellectual training. Now, as a four-year, private, liberal arts college, SWU's structure and name have changed, but our mission-to be a Christian community of learners that recognizes God as the source of all truth and wisdom-has remained.

For a timeline, visit: swu.edu/about/who-we-are/our-history/


Program accomplishments


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