Alaska Christian College

The information on this page was last updated 1/23/2023. If you see errors or omissions, please email: [email protected]


Summary

ACC is a college located in Soldotna, Alaska and is affiliated with the Alaska Conference of the Evangelical Covenant Church. ACC provides faith-based education in a supportive community.


Contact information

Mailing address:
Alaska Christian College
35109 Royal Pl
Soldotna, AK 99669

Website: alaskacc.edu

Phone: 907-260-7422

Email: [email protected]


Organization details

EIN: 920174205

CEO/President: Keith Hamilton

Chairman: Tim Ciccone

Board size: 21

Founder:

Ruling year: 2002

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Our vision is to be the premier college of choice for Alaska Native students so that our graduates follow and serve Christ within the Church and larger society.


Mission statement

The mission of Alaska Christian College is to empower Alaska Natives through biblically-based higher education and Christian formation to pursue excellence in character, learning, and service as followers of Christ.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating702 of 110296 of 129
Fund acquisition rating228 of 110325 of 129
Resource allocation rating1093 of 1103129 of 129
Asset utilization rating583 of 110281 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%7%29%12%5%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%5%18%7%3%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
22%68%63%60%70%64%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%6%21%10%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
78%32%37%40%30%36%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%48%40%55%66%61%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%83%87%70%63%90%
Program output ratio Program output ratio =
Program services /
Total revenue
77%40%35%39%42%55%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%17%13%30%37%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%10%6%17%28%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%47%39%34%28%30%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.420.350.350.440.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.612.042.112.262.864.64
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.400.860.740.801.272.51
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.6311.2224.5549.5418.203.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.090.040.020.050.31
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3712.7315.5114.678.943.31
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%11%15%9%6%14%
Debt ratio Debt ratio =
Debt /
Total assets
12%7%13%8%4%8%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
152%212%242%256%213%159%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$3,577,437$3,457,147$2,245,860$1,392,133$919,689
Receivables, inventories, prepaids$988,370$971,244$1,323,770$1,067,087$140,405
Short-term investments$1,696,839$1,380,999$1,089,791$481,473$379,368
Other current assets$0$0$0$0$0
Total current assets$6,262,646$5,809,390$4,659,421$2,940,693$1,439,462
Long-term investments$0$0$0$0$0
Fixed assets$6,522,384$6,457,126$5,893,758$5,473,562$5,241,984
Other long-term assets$0$0$0$0$0
Total long-term assets$6,522,384$6,457,126$5,893,758$5,473,562$5,241,984
Total assets$12,785,030$12,266,516$10,553,179$8,414,255$6,681,446
 
Liabilities20222021202020192018
Payables and accrued expenses$462,881$33,807$47,602$99,182$374,303
Other current liabilities$95,432$202,801$46,446$62,417$69,488
Total current liabilities$558,313$236,608$94,048$161,599$443,791
Debt$831,312$1,576,201$882,752$318,229$508,365
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$831,312$1,576,201$882,752$318,229$508,365
Total liabilities$1,389,625$1,812,809$976,800$479,828$952,156
 
Net assets20222021202020192018
Without donor restrictions$8,627,226$7,620,582$6,681,125$5,668,716$5,387,246
With donor restrictions$2,768,179$2,833,125$2,895,254$2,265,711$342,044
Net assets$11,395,405$10,453,707$9,576,379$7,934,427$5,729,290
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$4,396,970$3,128,863$3,228,840$4,140,610$2,571,629
Program service revenue$1,843,586$1,676,785$1,906,596$1,530,550$1,339,599
Membership dues$0$0$0$0$0
Investment income$88,434$77,688$17,910$23,723$17,097
Other revenue$140,755$46,181$206,177$250,225$89,303
Total other revenue$2,072,775$1,800,654$2,130,683$1,804,498$1,445,999
Total revenue$6,469,745$4,929,517$5,359,523$5,945,108$4,017,628
 
Expenses20222021202020192018
Program services$2,555,804$1,736,325$2,071,567$2,472,172$2,192,585
Management and general$2,522,999$1,671,576$1,281,429$1,050,621$1,094,575
Fundraising$299,051$904,636$381,720$206,060$321,204
Total expenses$5,377,854$4,312,537$3,734,716$3,728,853$3,608,364
 
Change in net assets20222021202020192018
Surplus (deficit)$1,091,891$616,980$1,624,807$2,216,255$409,264
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,091,891$616,980$1,624,807$2,216,255$409,264

Compensation

NameTitleCompensation
Keith HamiltonPresident$148,081

Compensation data as of: 5/31/2022


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 1/23/2023. To update the information below, please email: [email protected]


History

Alaska Christian College (ACC) was founded in July of 2000 to meet post-secondary educational needs of Alaska Native students. ACC opened its doors on September 16, 2001 to 22 students from 13 different tribal and ethnic groups from seven different states, 18 of whom were of Native Alaskans/American ethnic origin. Since that first class, ACC has served more than 250 students, more than 90% of whom are Alaska Native.


Program accomplishments

Alaska Christian College is accredited by the Commission on Accreditation of the Association for Biblical Higher Education (ABHE).


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