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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 631 of 1123 | 91 of 128 |
| Fund acquisition rating | | 39 of 1124 | 15 of 128 |
| Resource allocation rating | | 1114 of 1124 | 128 of 128 |
| Asset utilization rating | | 641 of 1123 | 86 of 128 |
According to the organization's Form 990, it received $1,814,451 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 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 | 16% | 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 | 84% | 26% | 32% | 37% | 40% | 30% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 85% | 49% | 48% | 40% | 55% | 66% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 86% | 83% | 87% | 70% | 63% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 42% | 40% | 35% | 39% | 42% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 14% | 17% | 13% | 30% | 37% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.40 | 0.42 | 0.35 | 0.35 | 0.44 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.66 | 2.22 | 2.04 | 2.11 | 2.26 | 2.86 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 0.88 | 0.86 | 0.74 | 0.80 | 1.27 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.81 | 13.08 | 11.22 | 24.55 | 49.54 | 18.20 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.13 | 0.08 | 0.09 | 0.04 | 0.02 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.31 | 12.58 | 12.73 | 15.51 | 14.67 | 8.94 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
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 | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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
| Name | Title | Compensation |
| Keith Hamilton | President/CEO | $157,533 |
| Jeffrey Siemers | CFO | $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).