Belmont University 
The information on this page was last updated 10/16/2025. If you see errors or omissions, please email: [email protected]
Summary
Named one of the most innovative colleges nationally for more than 15 years, Belmont is committed to helping learners of all ages lead extraordinary lives.
Contact information
Mailing address:
Belmont University
1900 Belmont Boulevard
Nashville, TN 37212
Website: www.belmont.edu
Phone: 615.460.6000
Organization details
EIN: 620465076
CEO/President: L. Gregory Jones
Chairman: Milton Johnson
Board size: 29
Founder: Susan L. Heron and Ida E. Hood
Ruling year: 1951
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
To be the leading Christ-centered university in the world, radically championing the pursuit of life abundant for all people.
Mission statement
We are a Christ-centered, student-focused community, dedicated to developing diverse leaders of purpose, character, wisdom and transformational mindset, eager and equipped to make the world a better place.
Statement of faith
Articles
| 11/14/2025 | Christian Motorcyclists Association, Reaching Unreached Nations Among Ministries No Longer Posting Audited Financials |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1246 of 1420 | 142 of 155 |
| Fund acquisition rating | | 778 of 1420 | 84 of 155 |
| Resource allocation rating | | 1186 of 1420 | 125 of 155 |
| Asset utilization rating | | 1187 of 1421 | 141 of 155 |
According to the organization's Form 990, it received $3,274,332 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 14% | 12% | 25% | 6% | 16% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 12% | 11% | 4% | 13% | 5% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 88% | 89% | 96% | 87% | 95% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 75% | 75% | 81% | 81% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 85% | 88% | 89% | 76% | 73% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 64% | 67% | 72% | 62% | 60% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 15% | 12% | 11% | 24% | 27% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 6% | 4% | 4% | 9% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 23% | 23% | 18% | 18% | 16% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.27 | 0.25 | 0.26 | 0.24 | 0.22 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 4.26 | 4.34 | 4.09 | 3.54 | 3.23 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 1.14 | 1.11 | 1.06 | 0.85 | 0.72 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 8.26 | 10.22 | 6.27 | 8.63 | 12.76 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.12 | 0.10 | 0.16 | 0.12 | 0.08 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.96 | 9.28 | 9.79 | 9.51 | 12.53 | 15.32 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 21% | 23% | 16% | 13% | 8% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 17% | 18% | 9% | 10% | 4% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 295% | 304% | 324% | 362% | 411% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $8,872,389 | $18,673,353 | $22,875,520 | $49,865,139 | $42,917,992 |
| Receivables, inventories, prepaids | $70,339,990 | $65,748,724 | $39,015,670 | $42,773,859 | $24,808,707 |
| Short-term investments | $354,846,445 | $333,628,776 | $320,590,987 | $324,240,210 | $341,638,156 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $434,058,824 | $418,050,853 | $382,482,177 | $416,879,208 | $409,364,855 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,385,441,659 | $1,296,961,938 | $1,153,259,293 | $1,005,449,522 | $877,928,566 |
| Other long-term assets | $29,960,914 | $98,624,444 | $29,261,104 | $52,144,387 | $33,379,443 |
| Total long-term assets | $1,415,402,573 | $1,395,586,382 | $1,182,520,397 | $1,057,593,909 | $911,308,009 |
| Total assets | $1,849,461,397 | $1,813,637,235 | $1,565,002,574 | $1,474,473,117 | $1,320,672,864 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $31,727,079 | $29,486,095 | $48,455,617 | $39,245,699 | $27,991,864 |
| Other current liabilities | $20,814,843 | $11,407,033 | $12,499,971 | $9,048,741 | $4,100,408 |
| Total current liabilities | $52,541,922 | $40,893,128 | $60,955,588 | $48,294,440 | $32,092,272 |
| Debt | $316,965,211 | $324,511,318 | $134,996,813 | $142,028,704 | $53,656,632 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $23,385,193 | $43,653,317 | $54,862,165 | $5,804,129 | $20,783,583 |
| Total long-term liabilities | $340,350,404 | $368,164,635 | $189,858,978 | $147,832,833 | $74,440,215 |
| Total liabilities | $392,892,326 | $409,057,763 | $250,814,566 | $196,127,273 | $106,532,487 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $1,029,525,212 | $1,060,345,309 | $1,025,988,363 | $977,150,417 | $914,886,011 |
| With donor restrictions | $427,043,859 | $344,234,163 | $288,199,645 | $301,195,427 | $299,254,366 |
| Net assets | $1,456,569,071 | $1,404,579,472 | $1,314,188,008 | $1,278,345,844 | $1,214,140,377 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $68,851,596 | $59,815,328 | $19,188,524 | $59,979,054 | $20,784,446 |
| Program service revenue | $417,814,068 | $421,771,162 | $409,231,455 | $376,114,601 | $334,380,490 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $72,736,497 | $26,749,783 | $12,921,141 | $19,814,324 | $46,379,230 |
| Other revenue | $20,068,245 | $14,859,948 | $12,652,715 | $8,448,175 | $4,903,020 |
| Total other revenue | $510,618,810 | $463,380,893 | $434,805,311 | $404,377,100 | $385,662,740 |
| Total revenue | $579,470,406 | $523,196,221 | $453,993,835 | $464,356,154 | $406,447,186 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $368,467,664 | $348,523,951 | $327,457,389 | $287,187,848 | $243,740,125 |
| Management and general | $115,537,395 | $106,404,085 | $73,321,136 | $61,958,058 | $48,637,976 |
| Fundraising | $9,471,157 | $7,181,995 | $4,879,536 | $3,733,920 | $3,224,285 |
| Total expenses | $493,476,216 | $462,110,031 | $405,658,061 | $352,879,826 | $295,602,386 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $85,994,190 | $61,086,190 | $48,335,774 | $111,476,328 | $110,844,800 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $85,994,190 | $61,086,190 | $48,335,774 | $111,476,328 | $110,844,800 |
Compensation
| Name | Title | Compensation |
| Casey Alexander | Head Men's Basketball Coach | $1,586,545 |
| L Greg Jones | President | $1,135,264 |
| David Rosselli | EVP For University Advancement | $669,524 |
| Anderson Spickard | Dean | $540,137 |
| Alberto Gonzales | Dean | $533,585 |
| Brittany Schaffer | Dean | $519,371 |
| Sarah Gardial | Dean | $494,235 |
| David Gregory | EVP for Academic Excellence & Provost | $485,704 |
| Bart Brooks | Head Woman's Basketball Coach | $472,501 |
| Paula Gill | VP Institutional Effectiveness | $455,418 |
| Susan West | EVP for Administration/Chief of Staff | $438,542 |
| Jason Rogers | EVP for External Engagement & University Counsel | $430,463 |
| Pat Whitworth III | Assistant Professor | $427,088 |
| Ryan Grippo | Associate Professor | $426,934 |
| Erich Baker | Vice Provost & Professor | $411,867 |
| Ed Magee | COO of Med School & VP of Strategic Ops | $394,180 |
| Lori Baker | EVP for Aspirational Excellence | $393,152 |
| Scott Corley | VP & Athletic Director | $385,474 |
| Steven Lasley | FORMER OFFICER | $363,477 |
| Joshua Yates | EXECUTIVE DIRECTOR | $344,733 |
| Sarah Cates | Former Officer | $313,064 |
| Christopher Gage | Former Officer | $298,215 |
| Tamika Wordlow Williams | Former Officer | $280,354 |
| Todd Lake | Former Officer | $254,861 |
| Harry Allen | EVP for Financial Excellence & CFO | $238,850 |
| Amy Crook | Former Officer | $198,330 |
| Clifton Perry Moulds | Former Officer | $175,774 |
| Robert Fisher | FORMER OFFICER | $129,853 |
Compensation data as of: 5/31/2025
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 10/16/2025. To update the information below, please email: [email protected]
History
In 1890, two school principals from Philadelphia founded Belmont to help female students find their voices at a time before they even had the right to vote. The school that Susan L. Heron and Ida E. Hood launched has grown in countless ways since then, but its founding mission of empowering students to find their purpose through creativity, character development and innovative thinking remains the bedrock of our institution today.
https://www.belmont.edu/about/history.html
Program accomplishments
https://www.belmont.edu/about/glance/