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 rating260 of 111031 of 129
Fund acquisition rating30 of 11119 of 129
Resource allocation rating386 of 111139 of 129
Asset utilization rating754 of 1110101 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%3%9%21%22%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%34%13%7%7%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%66%87%93%93%92%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%88%87%88%88%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%70%86%103%101%100%
Program output ratio Program output ratio =
Program services /
Total revenue
80%62%75%91%89%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%30%14%-3%-1%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%22%10%-3%-1%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%11%11%11%10%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.300.300.340.330.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.252.362.562.522.42
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.660.710.860.840.78
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2317.3313.7414.7014.2712.94
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.060.070.070.070.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2917.0115.7013.0313.3214.11
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%42%51%64%60%55%
Debt ratio Debt ratio =
Debt /
Total assets
11%22%28%32%38%32%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%195%165%107%120%139%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$65,793,558$60,627,138$46,290,839$33,093,554$38,812,671
Receivables, inventories, prepaids$108,213,596$27,022,796$25,246,083$24,938,805$25,325,520
Short-term investments$212,856,449$251,221,564$208,507,733$228,785,883$228,256,289
Other current assets$0$0$0$0$0
Total current assets$386,863,603$338,871,498$280,044,655$286,818,242$292,394,480
Long-term investments$135,047,799$123,682,515$98,206,237$93,627,847$86,756,595
Fixed assets$347,388,555$337,256,741$339,065,700$341,437,932$327,122,851
Other long-term assets$2,069,170$1,494,960$0$0$1,035,000
Total long-term assets$484,505,524$462,434,216$437,271,937$435,065,779$414,914,446
Total assets$871,369,127$801,305,714$717,316,592$721,884,021$707,308,926
 
Liabilities20222021202020192018
Payables and accrued expenses$11,657,839$14,413,378$9,095,929$9,300,982$10,921,681
Other current liabilities$10,661,352$10,256,587$9,958,273$10,798,244$11,672,552
Total current liabilities$22,319,191$24,669,965$19,054,202$20,099,226$22,594,233
Debt$191,027,071$222,970,273$231,629,535$277,085,893$223,534,279
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$156,958,080$158,293,742$210,186,317$135,450,150$143,127,058
Total long-term liabilities$347,985,151$381,264,015$441,815,852$412,536,043$366,661,337
Total liabilities$370,304,342$405,933,980$460,870,054$432,635,269$389,255,570
 
Net assets20222021202020192018
Without donor restrictions$113,541,627$90,677,487$4,533,157$33,216,539$68,182,299
With donor restrictions$387,523,158$304,694,247$251,913,381$256,032,213$249,871,057
Net assets$501,064,785$395,371,734$256,446,538$289,248,752$318,053,356
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$123,203,931$35,333,858$15,644,997$16,739,469$19,457,425
Program service revenue$226,772,203$217,251,460$206,657,241$207,319,316$195,127,033
Membership dues$0$0$0$0$0
Investment income$17,123,131$28,029,269$11,254,348$14,108,736$16,877,158
Other revenue($397,018)($289,295)($538,461)($30,315)($933,194)
Total other revenue$243,498,316$244,991,434$217,373,128$221,397,737$211,070,997
Total revenue$366,702,247$280,325,292$233,018,125$238,137,206$230,528,422
 
Expenses20222021202020192018
Program services$226,091,188$210,096,151$211,797,956$211,130,340$203,449,275
Management and general$27,555,065$26,917,076$25,264,205$25,447,258$22,407,130
Fundraising$3,477,781$3,154,162$3,360,283$3,663,911$3,591,088
Total expenses$257,124,034$240,167,389$240,422,444$240,241,509$229,447,493
 
Change in net assets20222021202020192018
Surplus (deficit)$109,578,213$40,157,903($7,404,319)($2,104,303)$1,080,929
Other changes in net assets$0$0$0$0$0
Total change in net assets$109,578,213$40,157,903($7,404,319)($2,104,303)$1,080,929

Compensation

NameTitleCompensation
Theron Andrew WestmorelandExecutive Director, Mann Center (Former President effective 6/30/21)$498,871
James Michael HardinProvost and Vice President, Academic Affairs$342,851
Michael A CrouchAssociate Provost, College of Health Sciences & Dean, McWhorter School of Pharmacy$337,303
Harry B Brock IIIExecutive Vice President & VP for Business and Financial Affairs$333,648
Charles Martin Newton JrDirector of Athletics$330,991
Christopher M HatcherHead Coach, Football$321,864
Henry C StricklandDean, Cumberland School of Law$316,337
William R PittmanVice President for University Advancement$315,428
Beck A TaylorPresident, effective 7/1/2021$302,890
James H FinchProfessor$295,860
Roger Philip KimreyVice President for Student Affairs$292,610
Elizabeth B HollowayVice President for Marketing and Communication$283,193
Dr Charles T CarterTrustee$22,200

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 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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