Alaska Christian College

The information on this page was last updated 3/27/2024. 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: Paul Hawkinson

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 rating774 of 1110110 of 129
Fund acquisition rating320 of 111145 of 129
Resource allocation rating1102 of 1111129 of 129
Asset utilization rating625 of 111085 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%9%7%29%12%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%7%5%18%7%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%74%68%63%60%70%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%8%6%21%10%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%26%32%37%40%30%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%49%48%40%55%66%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%86%83%87%70%63%
Program output ratio Program output ratio =
Program services /
Total revenue
80%42%40%35%39%42%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%14%17%13%30%37%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%7%10%6%17%28%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%43%47%39%34%28%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.400.420.350.350.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.222.042.112.262.86
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.880.860.740.801.27
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2313.0811.2224.5549.5418.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.080.090.040.020.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2912.5812.7315.5114.678.94
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%6%11%15%9%6%
Debt ratio Debt ratio =
Debt /
Total assets
11%3%7%13%8%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%236%212%242%256%213%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$3,380,226$3,577,437$3,457,147$2,245,860$1,392,133
Receivables, inventories, prepaids$339,589$988,370$971,244$1,323,770$1,067,087
Short-term investments$2,134,262$1,696,839$1,380,999$1,089,791$481,473
Other current assets$0$0$0$0$0
Total current assets$5,854,077$6,262,646$5,809,390$4,659,421$2,940,693
Long-term investments$0$0$0$0$0
Fixed assets$7,121,517$6,522,384$6,457,126$5,893,758$5,473,562
Other long-term assets$0$0$0$0$0
Total long-term assets$7,121,517$6,522,384$6,457,126$5,893,758$5,473,562
Total assets$12,975,594$12,785,030$12,266,516$10,553,179$8,414,255
 
Liabilities20232022202120202019
Payables and accrued expenses$335,665$462,881$33,807$47,602$99,182
Other current liabilities$111,917$95,432$202,801$46,446$62,417
Total current liabilities$447,582$558,313$236,608$94,048$161,599
Debt$335,350$831,312$1,576,201$882,752$318,229
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$335,350$831,312$1,576,201$882,752$318,229
Total liabilities$782,932$1,389,625$1,812,809$976,800$479,828
 
Net assets20232022202120202019
Without donor restrictions$8,910,298$8,627,226$7,620,582$6,681,125$5,668,716
With donor restrictions$3,282,364$2,768,179$2,833,125$2,895,254$2,265,711
Net assets$12,192,662$11,395,405$10,453,707$9,576,379$7,934,427
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$4,462,360$4,396,970$3,128,863$3,228,840$4,140,610
Program service revenue$1,348,613$1,843,586$1,676,785$1,906,596$1,530,550
Membership dues$0$0$0$0$0
Investment income$105,043$88,434$77,688$17,910$23,723
Other revenue$77,168$140,755$46,181$206,177$250,225
Total other revenue$1,530,824$2,072,775$1,800,654$2,130,683$1,804,498
Total revenue$5,993,184$6,469,745$4,929,517$5,359,523$5,945,108
 
Expenses20232022202120202019
Program services$2,517,941$2,555,804$1,736,325$2,071,567$2,472,172
Management and general$2,233,455$2,522,999$1,671,576$1,281,429$1,050,621
Fundraising$404,791$299,051$904,636$381,720$206,060
Total expenses$5,156,187$5,377,854$4,312,537$3,734,716$3,728,853
 
Change in net assets20232022202120202019
Surplus (deficit)$836,997$1,091,891$616,980$1,624,807$2,216,255
Other changes in net assets$0$0$0$0$0
Total change in net assets$836,997$1,091,891$616,980$1,624,807$2,216,255

Compensation

NameTitleCompensation
Keith HamiltonPresident/CEO$157,533
Jeffrey SiemersCFO$123,423

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 3/27/2024. 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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