Samford University

The information on this page was last updated 12/13/2023. If you see errors or omissions, please email: [email protected]


Summary

At Samford University you'll find the personal relationships of a small college with the dynamic academic, cultural, and athletics resources of a major university.


Contact information

Mailing address:
Samford University
800 Lakeshore Dr
Birmingham, AL 35229

Website: samford.edu

Phone: 205-726-2011

Email: [email protected]


Organization details

EIN: 630312914

CEO/President: Beck A. Taylor

Chairman: Hon. Karon Bowdre

Board size: 44

Founder: Alabama Baptist State Convention

Ruling year: 1951

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Anchored in Christian understanding, Samford University will be a diverse community, stressing vigorous learning and personal faith, in the Baptist tradition. Within that commonality, the community will be innovative in teaching, learning and research; sensitive to global issues; aggressive in self-assessment and continuous improvement. Faithful to its mission, Samford will be known and acknowledged worldwide by holding to its core values. The world will be better for it.


Mission statement

The mission of Samford University is to nurture persons in their development of intellect, creativity, faith, and personhood. As a Christian university, the community fosters academic, career, and ethical competency while encouraging social and civic responsibility, and service to others.


Statement of faith

Samford University's corporate expression of faith commitment is The Statement of Baptist Faith and Message of 1963, without amendment.

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 rating513 of 109564 of 127
Fund acquisition rating584 of 109675 of 127
Resource allocation rating291 of 109624 of 127
Asset utilization rating716 of 109597 of 127

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%16%3%9%21%22%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
17%9%34%13%7%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
83%91%66%87%93%93%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%88%87%88%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%96%70%86%103%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%86%62%75%91%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%4%30%14%-3%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%2%22%10%-3%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%11%11%11%11%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.280.300.300.340.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.581.982.252.362.562.52
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.410.550.660.710.860.84
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.9122.9617.3313.7414.7014.27
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.040.060.070.070.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3820.8017.0115.7013.0313.32
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
25%47%42%51%64%60%
Debt ratio Debt ratio =
Debt /
Total assets
11%29%22%28%32%38%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%191%195%165%107%120%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$139,968,236$65,793,558$60,627,138$46,290,839$33,093,554
Receivables, inventories, prepaids$47,789,104$108,213,596$27,022,796$25,246,083$24,938,805
Short-term investments$303,131,443$212,856,449$251,221,564$208,507,733$228,785,883
Other current assets$0$0$0$0$0
Total current assets$490,888,783$386,863,603$338,871,498$280,044,655$286,818,242
Long-term investments$125,792,257$135,047,799$123,682,515$98,206,237$93,627,847
Fixed assets$351,247,759$347,388,555$337,256,741$339,065,700$341,437,932
Other long-term assets$1,858,319$2,069,170$1,494,960$0$0
Total long-term assets$478,898,335$484,505,524$462,434,216$437,271,937$435,065,779
Total assets$969,787,118$871,369,127$801,305,714$717,316,592$721,884,021
 
Liabilities20232022202120202019
Payables and accrued expenses$12,775,260$11,657,839$14,413,378$9,095,929$9,300,982
Other current liabilities$8,602,927$10,661,352$10,256,587$9,958,273$10,798,244
Total current liabilities$21,378,187$22,319,191$24,669,965$19,054,202$20,099,226
Debt$277,701,569$191,027,071$222,970,273$231,629,535$277,085,893
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$153,134,740$156,958,080$158,293,742$210,186,317$135,450,150
Total long-term liabilities$430,836,309$347,985,151$381,264,015$441,815,852$412,536,043
Total liabilities$452,214,496$370,304,342$405,933,980$460,870,054$432,635,269
 
Net assets20232022202120202019
Without donor restrictions$108,327,526$113,541,627$90,677,487$4,533,157$33,216,539
With donor restrictions$409,245,096$387,523,158$304,694,247$251,913,381$256,032,213
Net assets$517,572,622$501,064,785$395,371,734$256,446,538$289,248,752
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$24,943,191$123,203,931$35,333,858$15,644,997$16,739,469
Program service revenue$234,566,489$226,772,203$217,251,460$206,657,241$207,319,316
Membership dues$0$0$0$0$0
Investment income$22,253,756$17,123,131$28,029,269$11,254,348$14,108,736
Other revenue($210,820)($397,018)($289,295)($538,461)($30,315)
Total other revenue$256,609,425$243,498,316$244,991,434$217,373,128$221,397,737
Total revenue$281,552,616$366,702,247$280,325,292$233,018,125$238,137,206
 
Expenses20232022202120202019
Program services$240,802,686$226,091,188$210,096,151$211,797,956$211,130,340
Management and general$26,155,528$27,555,065$26,917,076$25,264,205$25,447,258
Fundraising$3,921,519$3,477,781$3,154,162$3,360,283$3,663,911
Total expenses$270,879,733$257,124,034$240,167,389$240,422,444$240,241,509
 
Change in net assets20232022202120202019
Surplus (deficit)$10,672,883$109,578,213$40,157,903($7,404,319)($2,104,303)
Other changes in net assets$0$0$0$0$0
Total change in net assets$10,672,883$109,578,213$40,157,903($7,404,319)($2,104,303)

Compensation

NameTitleCompensation
Theron Andrew WestmorelandExecutive Director, Mann Center$685,794
Beck A TaylorPresident$592,615
James Michael HardinProvost and Vice President, Academic Affairs$349,533
Michael A CrouchDean and Professor, McWhorter School of Pharmacy$319,388
Christopher M HatcherHead Coach, Football$312,826
Henry C StricklandProfessor (retired Dean, Cumberland School of Law effective 9/1/22)$312,188
Charles Martin Newton JrDirector of Athletics$309,241
Colin M CoyneVice President for Finance, Business Affairs and Strategy$302,544
Elizabeth B HollowayVice President for Advancement and Marketing$300,198
R Philip KimreyVice President for Student Affairs$288,506
Jason E BlackVice President for Enrollment Management$244,488
William R PittmanVice President for University Advancement (retired 7/31/2022)$176,589
Harry B Brock IIIExecutive Vice President & VP Business/Financial Affairs (retired 6/30/2022)$159,298
Dr Charles T CarterTrustee$10,500

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 12/13/2023. To update the information below, please email: [email protected]


History

Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. Chartered as Howard College in 1841, Samford University has become one of the region's top universities and is now home to more than 5,000 students. The school survived two fires, the Civil War, a century of financial turmoil and two relocations to become one of the premier nationally ranked Christian universities. From its meager beginnings in Marion, Alabama, with only 31 students, Samford is now home to approximately 5,700 students on a beautiful Georgian-Colonial style campus in Homewood, Alabama.


Program accomplishments

Samford is the top-ranked university in Alabama in national rankings published by The Wall Street Journal. Additionally, The Wall Street Journal ranks Samford first in the nation for student engagement and tenth in the nation for career preparation. 97% Undergraduate Alumni Working or in Further Study Within Six Months


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