Bushnell University 
The information on this page was last updated 2/13/2023. If you see errors or omissions, please email: [email protected]
Summary
Bushnell University fosters wisdom, faith, and service through excellent academic programs within a Christ-centered community.
Contact information
Mailing address:
Bushnell University
828 E. 11th Ave.
Eugene, OR 97401
Website: bushnell.edu
Phone: 541-684-7201
Email: [email protected]
Organization details
EIN: 930433696
CEO/President: Joseph D. Womack
Chairman: Kim Williams
Board size: 25
Founder: Eugene Sanderson, James Bushnell
Ruling year: 1936
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2017
Purpose
Bushnell University aspires to be characterized by its commitment to equip students to discover and answer God's call in their lives.
Bushnell University achieves this vision through academic excellence and faithful stewardship in a Christ-centered community that develops purposeful graduates.
Mission statement
Bushnell University fosters wisdom, faith, and service through excellent academic programs within a Christ-centered community.
Statement of faith
At Bushnell University, we seek to highlight our Christian identity in ways that unite Christians everywhere, and not in ways that tend to cause division between various groups of Christians. In this spirit, we believe that Jesus is the Christ, the Son of the Living God, and we proclaim him Lord and Savior of the world.
We receive the Bible as Holy Scripture and we expect God to speak to the world today through the words of Scripture by the power of the Holy Spirit.
We understand the Church in all its diversity to be the Body of Christ, empowered by the Holy Spirit as God's agent of reconciliation in the world.
We believe the love of God, expressed in Jesus Christ, accessed by faith, has the power to change lives.
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 | | 183 of 1085 | 24 of 130 |
| Fund acquisition rating | | 24 of 1088 | 9 of 130 |
| Resource allocation rating | | 419 of 1088 | 55 of 130 |
| Asset utilization rating | | 509 of 1085 | 71 of 130 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 4% | 7% | 18% | 18% | 19% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 23% | 49% | 25% | 14% | 19% | 17% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 3% | 2% | 3% | 4% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 77% | 51% | 75% | 86% | 81% | 83% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 86% | 75% | 77% | 83% | 75% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 68% | 81% | 88% | 90% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 59% | 60% | 67% | 75% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 32% | 19% | 12% | 10% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 31% | 19% | 16% | 12% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 11% | 23% | 21% | 13% | 21% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.47 | 0.53 | 0.60 | 0.61 | 0.63 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.69 | 1.89 | 1.58 | 1.74 | 1.80 | 1.86 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 0.89 | 0.83 | 1.04 | 1.10 | 1.17 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.48 | 14.46 | 15.98 | 9.98 | 8.06 | 7.63 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.07 | 0.06 | 0.10 | 0.12 | 0.13 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.22 | 12.52 | 13.48 | 10.41 | 9.58 | 8.90 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 25% | 28% | 35% | 47% | 45% | 51% |
Debt ratio Debt ratio = Debt / Total assets | 13% | 23% | 29% | 39% | 37% | 43% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 153% | 124% | 90% | 90% | 78% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $3,497,566 | $5,760,022 | $4,421,074 | $2,068,331 | $1,162,441 |
| Receivables, inventories, prepaids | $8,857,723 | $2,241,147 | $1,708,852 | $2,023,704 | $2,186,014 |
| Short-term investments | $17,067,714 | $20,505,176 | $16,325,393 | $16,320,755 | $15,593,698 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $29,423,003 | $28,506,345 | $22,455,319 | $20,412,790 | $18,942,153 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $26,276,958 | $16,518,789 | $16,629,592 | $15,871,332 | $15,837,618 |
| Other long-term assets | $0 | $0 | $0 | $512,390 | $515,216 |
| Total long-term assets | $26,276,958 | $16,518,789 | $16,629,592 | $16,383,722 | $16,352,834 |
| Total assets | $55,699,961 | $45,025,134 | $39,084,911 | $36,796,512 | $35,294,987 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $1,312,311 | $1,128,655 | $1,479,286 | $1,574,441 | $1,558,121 |
| Other current liabilities | $722,123 | $654,753 | $771,198 | $957,733 | $925,596 |
| Total current liabilities | $2,034,434 | $1,783,408 | $2,250,484 | $2,532,174 | $2,483,717 |
| Debt | $12,761,599 | $13,244,613 | $15,360,717 | $13,718,059 | $15,132,561 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $781,985 | $513,348 | $564,906 | $448,218 | $400,017 |
| Total long-term liabilities | $13,543,584 | $13,757,961 | $15,925,623 | $14,166,277 | $15,532,578 |
| Total liabilities | $15,578,018 | $15,541,369 | $18,176,107 | $16,698,451 | $18,016,295 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $16,519,699 | $7,891,143 | $5,014,458 | $3,550,405 | $1,658,370 |
| With donor restrictions | $23,602,244 | $21,592,622 | $15,894,346 | $16,547,656 | $15,620,322 |
| Net assets | $40,121,943 | $29,483,765 | $20,908,804 | $20,098,061 | $17,278,692 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $19,079,410 | $7,468,853 | $3,653,473 | $4,624,083 | $3,872,277 |
| Program service revenue | $18,803,370 | $19,731,611 | $19,911,373 | $19,035,507 | $17,735,007 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $644,143 | $1,950,134 | $2,614,732 | $705,256 | $451,473 |
| Other revenue | $24,401 | $341,077 | $385,850 | $459,943 | $421,090 |
| Total other revenue | $19,471,914 | $22,022,822 | $22,911,955 | $20,200,706 | $18,607,570 |
| Total revenue | $38,551,324 | $29,491,675 | $26,565,428 | $24,824,789 | $22,479,847 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $22,622,173 | $17,789,489 | $17,832,939 | $18,574,423 | $16,738,505 |
| Management and general | $2,905,150 | $5,465,451 | $4,819,468 | $2,994,884 | $4,694,223 |
| Fundraising | $731,361 | $529,291 | $644,090 | $830,179 | $749,345 |
| Total expenses | $26,258,684 | $23,784,231 | $23,296,497 | $22,399,486 | $22,182,073 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $12,292,640 | $5,707,444 | $3,268,931 | $2,425,303 | $297,774 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $12,292,640 | $5,707,444 | $3,268,931 | $2,425,303 | $297,774 |
Compensation
| Name | Title | Compensation |
| Joseph Womack | President | $244,823 |
| Dennis Lindsay Dean of | VP Academic Affairs & Faculty | $243,911 |
| Gene de Young CFO | VP For Finance & Administration | $158,407 |
| Michael Fuller | VP Enrollment & Student Development | $118,098 |
| Keith Potter | VP For University Advancement | $108,084 |
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 2/13/2023. To update the information below, please email: [email protected]
History
Bushnell University first opened its doors in 1895 and remains committed to preparing students for purpose-driven lives within a Christ-centered environment.
Our roots in delivering life-changing education within a Christian environment reach back over 125 years to what was then a small town in western Oregon. Founded by resourceful, forward-thinking leaders such as pastor-educator Eugene C. Sanderson and pioneer businessman and church leader James A. Bushnell, our institution has always rested on the underpinnings of wisdom, faith, service, and preparing students for fulfilling, purpose-driven lives.
Originally founded as Eugene Divinity School in 1895, the university has undergone a number of transformations in our storied history-all reflecting changing realities and aspirations.
From its time as Eugene Bible University to Eugene Bible College to Northwest Christian College to Northwest Christian University, our institution has remained devoted to a foundation of optimism, academic excellence, service to others, and strong Christian faith.
Bushnell University honors our school's first president of the Board of Regents, James A. Bushnell, and his steadfast faith, grit, determination, community-mindedness, and visionary spirit. Today, with record enrollments and more academic programs than ever, Bushnell University remains committed to encouraging the intellectual and spiritual discovery that prepares students for successful, fulfilling lives in career, faith, family, and community.
Through Bushnell University's openhearted character, proud heritage, and dedication to student success, we ignite passions for lifelong learning, serving those around us, and the positive, transformative power of faith.
For today, and for the next 125 years.