Abilene Christian University

The information on this page was last updated 1/22/2024. If you see errors or omissions, please email: [email protected]


Summary

Abilene Christian University is the premier university for the education of Christ-centered, global leaders, offering an exceptional education to about 5,300 students annually from nearly every state and 45 nations. This private, comprehensive university, founded in 1906 in Abilene, Texas, offers 79 baccalaureate majors in more than 164 areas of undergraduate study, 35 master's degree programs and three doctoral programs. Abilene is a friendly city of 123,000 people, located about 150 miles west of the Dallas/Fort Worth area and a hub for cultural, educational, medical, shopping and dining for a large region known as The Big Country.


Contact information

Mailing address:
Abilene Christian University
ACU Box 29120
Abilene, TX 79699

Website: acu.edu

Phone: 325-674-2000

Email: [email protected]


Organization details

EIN: 750851900

CEO/President: Dr. Phil Schubert

Chairman: Barry Packer

Board size: 32

Founder: A.B. Barrett

Ruling year: 1941

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

We achieve our mission through exemplary teaching, offered by an innovative and caring community of Christian scholars, that inspires a commitment to lifelong learning; significant research, grounded in the university's disciplinary strengths, that informs and impacts issues of global importance to the academy, church, and society; and meaningful service as a divine calling that enriches our global society, academic disciplines, the university, and the church to God's glory.


Mission statement

The mission of Abilene Christian University is to educate students for Christian service and leadership throughout the world.


Statement of faith

Jesus Christ is the focal point of all Scripture. Because he is Lord and Savior, every dimension of our lives is affected by that belief. The example of Christ should motivate all our behaviors and decisions and be a guide in every relationship. It is through the revelation of Jesus that we know God and the Holy Spirit. Therefore, the teachings and example of Jesus as revealed in Scripture should inform everything we believe and do as an institution of Christian higher education. Our aim is a lofty one - to make the priorities of Jesus our priorities. PRINCIPLE: ACU will keep Christ at the center of the university, informing the curriculum and co-curriculum, undergirding policies and decisions, and calling everyone to be shaped by His life, death and resurrection.

The Bible is God's inspired Word. "is tenet has been an invariable commitment of Churches of Christ from the beginning. The combination of the high value of reason, along with a fervent belief in Scripture's authority, created an environment in which the study of the Bible was honored and encouraged - publicly and privatelyACU will always emphasize Scripture as the inspired Word of God, through which believers may see and follow the God to whom Scripture points - Father, Son and Holy Spirit. ACU will have the teaching of the Bible as a significant component of its curriculum and will help students integrate faith and learning throughout all disciplines and university experiences, in preparation for their life and ministry through their careers.

Churches of Christ have an unusual commitment to the life of the church. Congregational life is the center of Christian fellowship and practice. Each congregation is responsible for its own practices and belief, ideally overseen and shepherded by godly elders. All members are expected to engage in ministry and in worship. ACU is committed to the life of the church through nurturing worship and community, by a commitment to unity and appreciation for diverse people and viewpoints, and as a faithful partner to churches around the world. To that end, ACU will serve the body of Christ by being an authentic and distinctively Christian institution.

ACU is committed to the integration of faith and learning, grounded in the liberal arts, nurtured in a context of innovation, focused on professional preparation, and undergirded by rigorous scholarship at the undergraduate and graduate levels. Out of such a context will come graduates who will make responsible and informed choices within a Christian context as they serve and lead throughout the world.

ACU encourages the passionate search for all of God's truth, where every subject is open to scrutiny, where dissenting voices are respected, and where conversations on any topic may be engaged with kindness and compassion. At the heart of the search for truth are the Scriptures themselves, where each generation can and must grapple with the eternal truths within its precepts.

ACU prizes Christian unity as a high value articulating the Christian commitments that emerge from its heritage, yet welcoming the diversity inherent in that unity, respecting others who hold differing opinions, extending and receiving hospitality, and engaging all people with grace and humility. All will be done under the lordship of Christ and the authority of Scripture.

ACU will produce Christian leaders and servants who love God with all of their heart, soul, mind and strength, and who love their neighbors as themselves. rough teaching, example and prayer, students will be taught Christian virtues such as generosity, stewardship of all things, and concern for the marginalized of society - in the spirit of Jesus - as their lives are transformed into His likeness and fitted for eternity.

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating946 of 1110117 of 129
Fund acquisition rating408 of 111151 of 129
Resource allocation rating967 of 1111106 of 129
Asset utilization rating1012 of 1110125 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%8%7%5%17%17%
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%18%19%24%12%13%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%82%81%76%88%87%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%72%73%72%74%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%81%73%61%84%89%
Program output ratio Program output ratio =
Program services /
Total revenue
80%58%53%44%63%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%19%27%39%16%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%6%10%17%7%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%26%26%26%23%25%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.210.200.210.270.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.694.503.583.734.314.40
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.930.710.781.191.21
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2314.3314.0112.6813.2811.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.070.070.080.080.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2912.0315.6214.259.369.01
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%26%27%22%27%27%
Debt ratio Debt ratio =
Debt /
Total assets
11%20%21%15%19%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%361%366%375%266%266%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$41,738,435$108,013,214$45,333,681$25,884,226$16,825,952
Receivables, inventories, prepaids$48,831,387$57,903,438$55,238,515$44,105,642$34,954,271
Short-term investments$185,156,911$170,910,463$177,008,082$109,428,419$118,710,480
Other current assets$0$0$0$0$0
Total current assets$275,726,733$336,827,115$277,580,278$179,418,287$170,490,703
Long-term investments$396,066,935$362,203,148$334,472,685$244,775,734$261,191,170
Fixed assets$463,360,238$401,723,855$330,322,608$285,576,984$265,603,295
Other long-term assets$106,814,799$106,763,977$92,659,734$64,189,213$52,725,967
Total long-term assets$966,241,972$870,690,980$757,455,027$594,541,931$579,520,432
Total assets$1,241,968,705$1,207,518,095$1,035,035,305$773,960,218$750,011,135
 
Liabilities20232022202120202019
Payables and accrued expenses$19,241,313$24,049,251$21,894,968$13,510,423$15,253,753
Other current liabilities$0$0$0$0$0
Total current liabilities$19,241,313$24,049,251$21,894,968$13,510,423$15,253,753
Debt$252,499,470$254,512,627$158,012,420$147,185,000$142,197,912
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$45,782,025$50,091,999$48,172,713$48,115,043$41,783,399
Total long-term liabilities$298,281,495$304,604,626$206,185,133$195,300,043$183,981,311
Total liabilities$317,522,808$328,653,877$228,080,101$208,810,466$199,235,064
 
Net assets20232022202120202019
Without donor restrictions$506,830,012$468,078,861$389,199,950$305,808,991$288,312,396
With donor restrictions$417,615,885$410,785,357$417,755,254$259,340,761$262,463,675
Net assets$924,445,897$878,864,218$806,955,204$565,149,752$550,776,071
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$57,110,167$62,175,916$84,263,194$30,866,737$30,017,978
Program service revenue$197,436,022$182,596,890$173,347,216$166,928,823$165,442,354
Membership dues$0$0$0$0$0
Investment income$33,816,396$57,904,587$76,433,316$39,468,423$25,777,548
Other revenue$26,448,301$27,436,412$20,792,853$15,732,689$10,221,084
Total other revenue$257,700,719$267,937,889$270,573,385$222,129,935$201,440,986
Total revenue$314,810,886$330,113,805$354,836,579$252,996,672$231,458,964
 
Expenses20232022202120202019
Program services$183,605,942$174,355,833$155,457,846$158,217,972$150,293,037
Management and general$67,626,545$61,365,508$55,542,454$49,303,806$51,414,269
Fundraising$4,676,187$4,595,587$4,348,726$5,188,369$5,105,291
Total expenses$255,908,674$240,316,928$215,349,026$212,710,147$206,812,597
 
Change in net assets20232022202120202019
Surplus (deficit)$58,902,212$89,796,877$139,487,553$40,286,525$24,646,367
Other changes in net assets$0$0$0$0$0
Total change in net assets$58,902,212$89,796,877$139,487,553$40,286,525$24,646,367

Compensation

NameTitleCompensation
Jack RichPresident - Acimco$638,012
Philip SchubertPresident$620,000
Keith PattersonHead Football Coach$448,463
Brette TannerHead Basketball Coach$355,923
Stephen JohnsonVP and Chief Admin Officer$324,723
Kevin CampbellSVP of Operations$322,622
Kent RideoutVice President - Acimco$317,792
Rusty TowellDirector of Next$314,939
Zachary LassiterVP of Athletics$294,949
Robert RhodesProvost$287,551
Daniel MacalusoVP of Advancement$287,517
Timothy HeadAsst Director of Next$284,447
Philip BooneAdvancement Office$277,746
Steven RuttVice President, COO$249,972
Blair SchroederChief Planning Officer$235,774
Rusty KruzelockVP of Research$228,242
Slade SullivanVP & General Counsel$227,593
Tamera LongVP of Enrollment$224,216
Anthony WilliamsChief Diversity Officer$197,096
James OrrVP Advancement$186,988
Joe LeeCIO$181,083
Tony HillSenior Reactor Physicist$179,244
Lori HerrickCFO$161,798
Suzanne AllmonSenior Advisor To the Pres$152,484
Wendy JonesChief HR Officer$151,393
Linda BonninSVP of Marketing$145,056
William BeasleyChief of Staff$82,634
Royce MoneyChancellor$22,945

Compensation data as of: 5/31/2023


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 1/22/2024. To update the information below, please email: [email protected]


History

Visit: acu.edu/about/history

Since 1906, Abilene Christian University has pursued purposeful learning and enthusiastic devotion to Christ. Over the past century, our campus has moved and expanded, and our academic offerings, athletic fortitude and student accomplishments have flourished along with our growth. We pursue excellence today just as we always have-through our commitment to our mission, values and traditions.


Program accomplishments


Needs