The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/2/2022. To update the information in this column, please email: firstname.lastname@example.org
Lipscomb University is a faith-based, liberal arts institution in Nashville, Tenn., dedicated to challenging students academically, spiritually and as global community citizens.
One University Park Drive
Nashville, TN 37204
CEO/President: Dr. Candice McQueen
Chairman: David Solomon
Board size: 23
Founder: David Lipscomb and James Harding
Ruling year: 1940
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
As a private, Christian liberal arts institution located in the heart of Nashville, Lipscomb University is joyfully committed to developing students whose academic excellence, faith and practice reflect our ideas of global citizenship.
Lipscomb University's primary mission is to integrate Christian faith and practice with academic excellence. This mission is carried out not only in the classroom and online studies, but also by involvement in numerous services to the church and the larger community.
Statement of faith
We believe in God the Father,
who created the heavens and the earth,
making all human beings as divine image bearers.
We violated the image of God in others and ourselves,
and abandoned our role in the creation.
In response, God chose Israel as a blessing and light to all peoples,
in order to renew the creation.
We believe in God the Son, Jesus the Messiah, born of the virgin Mary.
He was fully human and fully God.
Baptized in water and anointed with the Spirit, he proclaimed the reign of God:
preaching good news to the poor and brokenhearted,
announcing forgiveness by calling all to repent and believe the good news, and
commissioning his followers to make disciples,
baptizing them into the communion of the Father, Son, and Spirit and
teaching them to embrace this new way of life.
Jesus was crucified, giving his life for the sin of the world.
God raised Jesus from the dead,
breaking the power of sin and evil,
delivering us from death to eternal life,
and inaugurating new creation.
God enthroned Jesus as the Lord of creation.
We believe in God the Holy Spirit, the giver and renewer of life,
whom the Father, through the Son, poured out upon us,
enabling us to love God and neighbor, and
binding us together with all believers in the church, the Body of Christ,
and together we give thanks at the table of the Lord.
The Spirit spoke through the prophets and apostles,
and inspired Scripture to equip us for every good work.
The Spirit empowers us
to witness to Christ as Lord and Savior, and
to work for justice and peace
as we seek to live holy and joyful lives.
We believe in the resurrection of the dead,
wait for God's new heaven and new earth,
and pray, "Come, Lord Jesus!"
Donor confidence score
|Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?||Yes||5/5|
|Does the board have no more than 2 non-independent members?||Yes||5/5|
|Does the board have at least four independent board members for every non-independent member?||Yes||5/5|
|Does the board contain between 5 and 11 members?||No||0/5|
|Does the organization file a Form 990 and make its Form 990 available to the public?||Yes||10/10|
|Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?||Yes||5/5|
|Is the organization a member of the ECFA?||No||0/10|
|Is the CEO/President's compensation within one standard deviation of the median compensation?||No||0/5|
|Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?||No||0/5|
|Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?||Yes||5/5|
|For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?||No||0/5|
|Are author royalties and speaking engagement fees paid to the organization, and not the individual?||Yes||5/5|
|Does the organization require its employees to affirm upon hiring the statement of faith of the organization?||No||0/5|
|Is the board chair an independent member of the board, and not the founder and/or CEO/President?||Yes||5/5|
|Does the board have term limits?||Yes||5/5|
|Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?||No||0/5|
|Has the organization refrained from the use of non-disclosure agreements?||No||0/5|
|Does the organization have an overall financial efficiency rating of at least 2 stars?||No||0/5|
|Total donor confidence score||50/100|
Financial efficiency ratings
|Category||Rating||Overall rank||Sector rank|
|Overall efficiency rating||850 of 1022||109 of 117|
|Fund acquisition rating||790 of 1024||100 of 117|
|Resource allocation rating||535 of 1024||55 of 117|
|Asset utilization rating||820 of 1022||105 of 117|
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|Receivables, inventories, prepaids||$44,836,880||$49,476,443||$40,999,099||$30,785,805||$26,929,436|
|Other current assets||$0||$0||$0||$0||$0|
|Total current assets||$72,721,408||$94,453,847||$53,102,122||$50,779,366||$41,387,416|
|Other long-term assets||$56,424,510||$81,960,391||$2,162,915||$2,121,437||$26,803,268|
|Total long-term assets||$402,480,429||$392,286,166||$299,193,030||$278,282,636||$264,484,763|
|Payables and accrued expenses||$25,558,950||$24,761,964||$28,200,947||$32,151,294||$32,261,124|
|Other current liabilities||$9,454,673||$11,053,960||$2,060,871||$1,852,785||$1,932,569|
|Total current liabilities||$35,013,623||$35,815,924||$30,261,818||$34,004,079||$34,193,693|
|Due to (from) affiliates||$0||$0||$0||$0||$0|
|Other long-term liabilities||$48,420,640||$50,305,180||$8,663,483||$7,463,670||$8,244,619|
|Total long-term liabilities||$255,438,914||$258,543,242||$122,216,700||$114,396,320||$113,493,770|
|Without donor restrictions||$71,421,765||$80,519,429||$94,629,850||$83,422,834||$68,865,203|
|With donor restrictions||$113,327,535||$111,861,418||$105,186,784||$97,238,769||$89,319,513|
|Revenues and expenses|
|Program service revenue||$175,762,977||$176,697,513||$169,313,535||$164,956,991||$158,324,247|
|Total other revenue||$176,252,586||$182,490,210||$180,456,611||$167,961,749||$167,066,403|
|Management and general||$27,005,810||$27,298,285||$29,408,400||$27,642,579||$26,824,082|
|Change in net assets||2020||2019||2018||2017||2016|
|Other changes in net assets||$0||$0||$0||$0||$0|
|Total change in net assets||($11,377,612)||($2,712,158)||$20,772,044||$11,036,413||$15,789,259|
|Randy R Lowry III||President||$690,401|
|Thomas Campbell||Dean of College of Pharmac||$242,073|
|Charles R Eldridge||Dean of College of Busines||$227,741|
|Danny Taylor||Sr VP Finance and Administration||$227,259|
|Michael C Green||Sr Vice President & CIO||$218,478|
|John R Lowry||VP Development & External||$216,933|
|W Craig Bledsoe||Provost||$216,882|
|Matt Paden||Sr VP Enrollment & Chief of Staff||$215,021|
|Philip N Hutcheson||Assistant Vice President||$207,538|
|Susan C Galbreath||Professor||$197,415|
|David G Wilson||University Attorney||$194,639|
|Al Strugeon||VP of Student Life||$176,697|
|Christy Hooper||VP of Human Resources||$169,599|
|Dave Bruno||VP of Marketing||$151,569|
|Byron Lewis||VP of Enrollment Managemen||$150,196|
|William Turner||Distinguished Professor||$149,080|
|Walt C Leaver III||Vice President||$147,038|
|Michael Winegeart||Assistant Professor||$142,744|
|Scott Sager||VP of Church Services||$141,056|
|Kevin Eidson||Asst. Prof. Pharm Prac, Director Health & Wellness||$117,900|
Compensation data as of: 5/31/2020
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/2/2022. To update the information below, please email: email@example.com
The making of Lipscomb University started out as an idea, a dream planted by God in the hearts of its founders, David Lipscomb and his friend, James A. Harding. These college-educated ministers believed in the value of an education infused with faith. As they watched the rapid development of schools and colleges in Nashville, often called the "Athens of the South," they envisioned a school that was different-one that would instill practical knowledge through a Christian lens.
In the summer and fall of 1889, the two friends spent many long nights at Lipscomb's farmhouse, developing their vision to establish a school that offered a rigorous and challenging academic education in a Christian context. They did not want it to be a "preacher" school, nor a seminary. Instead, they wanted it to be a place where the most useful academics would be taught alongside Bible study and opportunities for personal interactions with Scripture, rooted in the Church of Christ. This, they believed, was a complete education that would rear graduates who were prepared with wisdom and knowledge to serve their community and the world.
On Oct. 5, 1891, they opened the doors to Nashville Bible School-a bold act of faith by Lipscomb and Harding, who knew their unique approach to education was going against the grain. Even still, Harding declared, "We aspire to stand in the front ranks of the great educational institutions of the world."
In time, the school's focus on faith-based education would directly influence the founding of almost half a dozen other colleges and universities with the same intent.
From that first year which saw only nine students, the school grew quickly. In 1896, it had developed intermediate and primary divisions that together made up Lipscomb Campus Schools, which would later be named Lipscomb Academy. When the student population became too large to fit in the school's downtown building, Lipscomb and his wife, Margaret, offered their 110-acre farm-where they lived-along Granny White Pike only four miles from the center of town. There, the school found its permanent home in 1903.
Two of the school's first four buildings are still in use today: Harding Hall, the primary building used for Lipscomb Academy, and Avalon Hall, now used for alumni and lifelong learning programs.
In 1918, one year after the passing of its founder, the school was renamed David Lipscomb College in his memory.
The following decades were rife with blessings for the institution, but they also saw some harsh challenges. In 1929 and 1930, the school experienced devastating fires to its dormitories. Rebuilding from the tragedies almost sank the institution in debt during the Great Depression, but by the grace of God and through the faith and resiliency of the faculty and students, the school stood firm and celebrated its 50th anniversary in 1941.
In the years following, the school experienced tremendous growth. The Lipscomb Expansion Program, launched by the board as a response to returning G.I.s following World War II, took place through the second presidency of Baxell Baxter and the presidencies of Athens Clay Pullias and Willard Collins. The Pullias administration changed the school dramatically, increasing enrollment 875 percent from 221 in 1943, to 2,154 in 1976. Over the same period, the number of buildings on campus grew from five to 31. An organizational structure for the intermediate school was also established and the first director of Lipscomb Campus Schools was appointed. Ending the Collins presidency with a bang was the execution of the Million Dollar Day, a dream Collins had of raising a million dollars in a single day.
Then in 1988, during the presidency of Harold Hazelip, the college was renamed Lipscomb University following its accreditation to award master's degrees for the first time in its history. Building on Hazelip's foundation, our 16th president Steve Flatt oversaw degree expansions, the reorganization of academic departments into colleges within the university and a move from NAIA to NCAA Division I athletics.
L. Randolph Lowry, Lipscomb University's current president, was inaugurated in 2005. Under his leadership, six colleges have been established, one being Middle Tennessee's first College of Pharmacy, and seven institutes, designed to not only offer academic degrees but to also serve the community through their programs and services. Lowry also oversaw the launch of the university's first-ever doctoral program, and the renaming of Lipscomb Campus Schools to Lipscomb Academy. In the past decade, the academy has gained its current head of school Greg Glenn, the McAdams Athletic Center and $10 million in gifts for the restructuring of its lower and upper campuses.
Lowry has successfully led the university to raise nearly $200 million through two fundraising campaigns that have greatly advanced Lipscomb's academic programs and funded construction of numerous facilities such as the Nursing and Health Sciences Center, the Pharmaceutical Sciences Research Center, the Fields Engineering Center and Bison Hall, as well as renovations and improvements of every building on campus.
The founders' vision and dream, and their hard work to make that dream a reality, have bore fruit for generations. Lipscomb University has developed into a fast-growing Christian liberal arts institution that started with just nine students in 1891 and now serves more than 4,700 students today. And Lipscomb Academy, which serves children in preschool through the 12th grade, is now the largest private school of its kind in Middle Tennessee and one of only a few in the nation associated with a university.
The vision and heart of David Lipscomb continues to be honored and lived out through the university. Lipscomb was beloved by the city of Nashville, evident at his funeral which saw an outpouring of community members, because of his service to the city. Like the man himself, the institution strongly values service to its community and the world as an act of faith. It's a place known for developing courageous and confident leaders equipped with practical knowledge and rooted in their spiritual growth, who take on some of the most complex and difficult problems with their innovation and willingness to step out from the crowd. Because of the commitment of its founder and every past president thereafter to boldly follow the plans God placed on their hearts, Lipscomb University plays a vital role today in countless lives, communities and countries around the world. Faith is not only our foundation-it's our purpose and our future.