Campbellsville University 
The information on this page was last updated 2/6/2023. If you see errors or omissions, please email: [email protected]
Summary
Campbellsville University is a private, comprehensive Christian institution located in South Central Kentucky that has an enrollment of over 4,500 students who represent 93 Kentucky counties, 27 states and 50 foreign nations, with over 13,000 alumni. The University is a non-profit 501 (c)(3) corporation.
Contact information
Mailing address:
Campbellsville University
1 University Drive
Campbellsville, KY 42718
Website: campbellsville.edu
Phone: 800-264-6014
Email: [email protected]
Organization details
EIN: 610469267
CEO/President: Joe Hopkins
Chairman:
Board size: 33
Founder:
Ruling year: 1943
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
To foster academic excellence through pre-professional certificates, associates, baccalaureate, and graduate programs through traditional, technical, and online systems. To achieve academic excellence through rigor and relevancy in undergraduate, master's and doctoral level programs. To provide an environment conducive for student success. To value diverse perspectives within a Christ-centered community. To model servant leadership and effective stewardship.
Mission statement
Campbellsville University is a comprehensive, Christian institution that offers non-credit technical programs, along with certificates, associates, undergraduate and graduate programs. The university is dedicated to academic excellence solidly grounded in the liberal arts that fosters personal growth, integrity and professional preparation within a caring environment. The university prepares students as Christian servant leaders for life-long learning, continued scholarship by linking discovery research to knowledge at the doctoral level, and active participation in a diverse, global society.
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 | | 128 of 1104 | 8 of 129 |
| Fund acquisition rating | | 373 of 1105 | 40 of 129 |
| Resource allocation rating | | 93 of 1105 | 5 of 129 |
| Asset utilization rating | | 366 of 1104 | 42 of 129 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 6% | 12% | 28% | 42% | 39% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 2% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 22% | 15% | 8% | 5% | 4% | 4% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 78% | 85% | 92% | 95% | 96% | 96% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 93% | 90% | 93% | 90% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 94% | 87% | 85% | 76% | 86% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 87% | 79% | 79% | 68% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 6% | 13% | 15% | 24% | 14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 6% | 13% | 19% | 37% | 26% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 6% | 9% | 6% | 8% | 6% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.62 | 0.63 | 0.73 | 0.77 | 0.85 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 2.85 | 3.22 | 3.02 | 2.49 | 2.68 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.40 | 1.76 | 2.03 | 2.19 | 1.91 | 2.28 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.60 | 5.84 | 4.63 | 3.80 | 5.04 | 5.04 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.17 | 0.22 | 0.26 | 0.20 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.34 | 5.67 | 4.63 | 4.04 | 5.05 | 4.22 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 30% | 28% | 33% | 35% | 45% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 23% | 18% | 24% | 26% | 36% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 114% | 114% | 92% | 85% | 64% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $26,729,862 | $20,572,752 | $19,461,631 | $17,437,282 | $15,087,192 |
| Receivables, inventories, prepaids | $9,921,103 | $7,340,277 | $8,659,122 | $8,575,314 | $7,098,017 |
| Short-term investments | $36,864,538 | $33,271,430 | $29,377,514 | $33,464,664 | $19,227,599 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $73,515,503 | $61,184,459 | $57,498,267 | $59,477,260 | $41,412,808 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $126,787,514 | $125,196,914 | $112,321,771 | $84,725,322 | $66,247,348 |
| Other long-term assets | $8,891,765 | $10,860,906 | $3,893,522 | $3,679,773 | $3,380,976 |
| Total long-term assets | $135,679,279 | $136,057,820 | $116,215,293 | $88,405,095 | $69,628,324 |
| Total assets | $209,194,782 | $197,242,279 | $173,713,560 | $147,882,355 | $111,041,132 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $8,883,861 | $10,448,429 | $10,795,296 | $6,396,125 | $5,024,669 |
| Other current liabilities | $3,703,345 | $2,772,231 | $4,316,006 | $5,397,720 | $3,192,500 |
| Total current liabilities | $12,587,206 | $13,220,660 | $15,111,302 | $11,793,845 | $8,217,169 |
| Debt | $48,423,686 | $35,808,567 | $40,976,012 | $38,112,562 | $40,462,579 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,464,239 | $6,774,088 | $1,315,806 | $1,795,937 | $1,826,082 |
| Total long-term liabilities | $49,887,925 | $42,582,655 | $42,291,818 | $39,908,499 | $42,288,661 |
| Total liabilities | $62,475,131 | $55,803,315 | $57,403,120 | $51,702,344 | $50,505,830 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $110,920,451 | $108,488,368 | $90,851,152 | $71,316,948 | $36,793,223 |
| With donor restrictions | $35,799,200 | $32,950,596 | $25,459,288 | $24,863,063 | $23,742,079 |
| Net assets | $146,719,651 | $141,438,964 | $116,310,440 | $96,180,011 | $60,535,302 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $21,091,404 | $11,130,434 | $6,894,316 | $5,532,742 | $3,934,976 |
| Program service revenue | $112,870,422 | $125,712,556 | $134,863,900 | $138,615,449 | $102,549,185 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,401,696 | $2,494,211 | $1,894,733 | $1,592,163 | $917,091 |
| Other revenue | $821,622 | $2,989,273 | $3,938,530 | $3,493,460 | $2,581,532 |
| Total other revenue | $116,093,740 | $131,196,040 | $140,697,163 | $143,701,072 | $106,047,808 |
| Total revenue | $137,185,144 | $142,326,474 | $147,591,479 | $149,233,814 | $109,982,784 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $119,954,088 | $112,217,746 | $116,611,377 | $102,121,417 | $87,546,245 |
| Management and general | $7,883,110 | $10,585,020 | $7,433,358 | $8,964,204 | $5,252,197 |
| Fundraising | $1,206,870 | $1,390,844 | $1,912,318 | $2,309,357 | $1,545,256 |
| Total expenses | $129,044,068 | $124,193,610 | $125,957,053 | $113,394,978 | $94,343,698 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $8,141,076 | $18,132,864 | $21,634,426 | $35,838,836 | $15,639,086 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $8,141,076 | $18,132,864 | $21,634,426 | $35,838,836 | $15,639,086 |
Compensation
| Name | Title | Compensation |
| Dr Michael V Carter | Former President | $379,176 |
| Dr H Keith Spears | Chancellor | $356,175 |
| Mr Kiran Palla | Instructor In Business | $273,817 |
| Dr Anil Palla | Asst Professor of Business | $259,833 |
| Dr Nagamani Palla | Lead Professor of Ba500 | $244,435 |
| Dr Donna Hedgepath | Provost/Vp Acad Affairs | $222,999 |
| Dr Sunny Onyiri | Professor Business/Accounting | $222,478 |
| Dr Patricia Cowherd | Professor of Business | $199,494 |
| Mr Timothy Judd | VP of Finance | $167,653 |
| Dr John Conner | Executive Director of Ops Gbp | $167,579 |
| Mr Otto Tennant | SVP Operations & Admin | $163,230 |
| Mr Claude Hollingsworth | VP Student Services/Athletics | $154,769 |
| Dr Benji Kelly | VP Development | $152,367 |
| Dr Michael Shane Garrison | VP Enrollment Services | $134,052 |
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 2/6/2023. To update the information below, please email: [email protected]
History
Program accomplishments
Campbellsville University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award certificates, associate, bachelors, masters and doctoral degrees.