Palm Beach Atlantic University

The information on this page was last updated 5/24/2023. If you see errors or omissions, please email: [email protected]


Summary

Founded in 1968, PBA is a top-notch Christian university preparing students to lead fulfilling lives through learning, leadership and service. Founded under the providence of God with the conviction that there is a need for a university in this community that will expand the minds, develop the moral character and enrich the spiritual lives of all the people who may come within the orbit of its influence, Palm Beach Atlantic University shall stand as a witness for Jesus Christ, expressed directly through its administration, faculty, and students.


Contact information

Mailing address:
Palm Beach Atlantic University
PO BOX 24708
West Palm Beach, FL 33416

Website: pba.edu

Phone: 888-468-6722

Email: [email protected]


Organization details

EIN: 591092732

CEO/President: Debra Schwinn

Chairman: Timothy S. Sotos

Board size: 26

Founder: Jess C. Moody

Ruling year: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

PBA's vision is to be the premier, Christian university offering whole-person education that prepares students from around the globe to tackle the problems of their day with godly character, open arms and a servant's heart.


Mission statement

PBA equips students to grow in wisdom, lead with conviction and serve God boldly.


Statement of faith

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 rating277 of 110236 of 129
Fund acquisition rating141 of 110316 of 129
Resource allocation rating425 of 110354 of 129
Asset utilization rating630 of 110288 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%4%9%10%23%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
22%29%16%13%6%11%
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
78%71%84%87%94%89%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%85%83%82%84%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%82%100%102%103%93%
Program output ratio Program output ratio =
Program services /
Total revenue
77%70%83%83%87%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%18%0%-2%-3%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%13%0%-1%-2%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%13%15%17%14%19%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.460.490.540.530.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.614.204.724.284.372.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.401.932.302.312.311.10
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.635.064.174.288.9317.58
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.200.240.230.110.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.374.993.973.994.6210.33
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%24%24%22%21%21%
Debt ratio Debt ratio =
Debt /
Total assets
12%15%13%16%17%17%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
152%166%157%144%151%157%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$28,879,834$20,428,437$19,831,611$17,400,999$18,068,526
Receivables, inventories, prepaids$36,339,527$30,322,591$31,147,708$32,048,733$31,338,977
Short-term investments$653,948$965,686$664,325$697,605$52,349,425
Other current assets$0$0$0$0$0
Total current assets$65,873,309$51,716,714$51,643,644$50,147,337$101,756,928
Long-term investments$85,144,266$73,152,706$58,017,765$58,008,491$5,480,056
Fixed assets$101,728,130$105,837,432$110,077,635$110,668,552$114,200,309
Other long-term assets$23,662,962$13,205,807$1,084,156$521,394$194,629
Total long-term assets$210,535,358$192,195,945$169,179,556$169,198,437$119,874,994
Total assets$276,408,667$243,912,659$220,823,200$219,345,774$221,631,922
 
Liabilities20222021202020192018
Payables and accrued expenses$5,937,528$4,324,462$6,664,383$3,998,680$4,248,253
Other current liabilities$7,072,841$8,085,406$5,388,506$1,619,626$1,539,713
Total current liabilities$13,010,369$12,409,868$12,052,889$5,618,306$5,787,966
Debt$40,959,494$32,101,258$34,414,658$36,737,778$38,596,513
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$12,088,550$12,854,326$2,977,963$2,833,594$2,664,001
Total long-term liabilities$53,048,044$44,955,584$37,392,621$39,571,372$41,260,514
Total liabilities$66,058,413$57,365,452$49,445,510$45,189,678$47,048,480
 
Net assets20222021202020192018
Without donor restrictions$92,244,594$93,449,938$93,089,561$93,565,257$97,197,944
With donor restrictions$118,105,660$93,097,269$78,288,129$80,590,839$77,385,498
Net assets$210,350,254$186,547,207$171,377,690$174,156,096$174,583,442
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$45,392,630$18,629,928$14,652,882$6,534,831$12,699,833
Program service revenue$109,378,721$99,385,955$99,019,427$101,581,291$98,571,645
Membership dues$0$0$0$0$0
Investment income($489,327)$1,105,610$2,608,035$4,020,012$7,605,151
Other revenue$375,182$92,091$445,764$396,380$444,023
Total other revenue$109,264,576$100,583,656$102,073,226$105,997,683$106,620,819
Total revenue$154,657,206$119,213,584$116,726,108$112,532,514$119,320,652
 
Expenses20222021202020192018
Program services$108,602,930$99,169,727$97,396,268$97,585,010$89,237,222
Management and general$16,808,758$17,897,986$20,234,921$16,546,108$20,781,696
Fundraising$1,660,900$1,716,250$1,508,510$1,512,519$1,501,179
Total expenses$127,072,588$118,783,963$119,139,699$115,643,637$111,520,097
 
Change in net assets20222021202020192018
Surplus (deficit)$27,584,618$429,621($2,413,591)($3,111,123)$7,800,555
Other changes in net assets$0$0$0$0$0
Total change in net assets$27,584,618$429,621($2,413,591)($3,111,123)$7,800,555

Compensation

NameTitleCompensation
Debra SchwinnPresident$502,854
Laura BishopExecutive VP For Advancement$278,707
William FlemingPresident (former)$233,511
Randolph E RichardsProvost, CAO$208,242
Brian StrowDean Rsb$183,491
Mary CopelandProfessor$180,730
Dana StrachanAssociate Dean For Academi$168,944
John KautzVP For Finance (jul 2021-Nov 2021)$164,071
Robert LloydDean of the School of Arts$158,439
Yolanda HardyAssistant Professor$149,828
Mona HicksVice President For Human Resources$128,392
Robert LutzVice President For Student Development$127,344
Bernard CuetoVice President For Spiritual Development & Campus$121,845
Courtney LovelyAthletic Director$119,960
Timothy WorleyVice President For Admiss.$102,357
Nancy BrainardVice President, Enrollment Management$101,964
Scott BarnesVice President, Its$95,710
Connie ShepherdExecutive VP Strategy & Pl$47,190

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 5/24/2023. To update the information below, please email: [email protected]


History

In a time of cultural unsettlement, Palm Beach Atlantic University was founded in 1968 as a coeducational Christian liberal arts university. The first classes at Palm Beach Atlantic University, formerly Palm Beach Atlantic College named for its location in the Palm Beaches, were held in the fall of 1968 in downtown West Palm Beach at 1101 South Olive Avenue in the former facilities of the First Baptist Church. PBA held its first graduation in the spring of 1972 and later that year received initial accreditation from the regional accrediting association.

Over the years, Palm Beach Atlantic has expanded to approximately 29 acres of land from the Intracoastal Waterway west along Okeechobee Boulevard to Dixie Highway, south to Jefferson Street, and back east to the waterway but all began with the first building, the Lassiter Student Center, which was occupied in 1983.

Currently, PBA's main campus is located on Flagler Drive with stunning views of the Intracoastal, and steps away from Palm Beach.


Program accomplishments


Needs