New Hope Christian College 
The information on this page was last updated 4/8/2023. If you see errors or omissions, please email: [email protected]
Summary
New Hope Christian College, an institution of higher education, exists to disciple emerging Christian leaders by developing their theology, ministry skills, and character in order to win souls, plant fruitful churches, and lead as exemplary ambassadors for Christ in the ministry and marketplace.
Contact information
Mailing address:
New Hope Christian College
2155 Bailey Hill Road
Eugene, OR 97405
Website: newhope.edu
Phone: 800.322.2638
Email: [email protected]
Organization details
EIN: 936002614
CEO/President: Dr. Wayne Cordeiro
Chairman: Scott Alldridge
Board size: 15
Founder:
Ruling year: 1947
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1993
Purpose
New Hope Christian College, an institute of higher education, exists to disciple emerging Christian leaders by developing their theology, ministry skills, and character in order to win souls, plant fruitful churches, and lead as exemplary ambassadors for Christ in the ministry and the marketplace.
Mission statement
Statement of faith
The Bible is the inspired Word of God and "is useful for teaching, rebuking, correcting and training in righteousness, so that the servant of God may be thoroughly equipped for every good work" (2 Timothy 3:16-17, NIV).
God, the personal Creator of the universe, eternally exists in three Persons: Father, Son, and Holy Spirit.
Humanity, divinely created in the image of God, willfully transgressed God's law and incurred death as a result. Henceforth, all persons are born with a sinful nature and are subject to the same penalty.
The Lord Jesus Christ submitted Himself as a substitutionary sacrifice for the sins of all people.
The Lord arose from the dead, ascended into heaven and is interceding for believers as High Priest and Advocate in His present life.
Since people are unable to save themselves, salvation comes by grace alone received through faith in Christ as Savior on the basis of godly repentance.
The present ministry of the kingdom of God includes God's reign affording people salvation, healing, transformation and deliverance. This is accomplished both through process and miracle, including the present working of the manifestations of the Spirit (1 Corinthians 12).
The second coming of Jesus Christ will be personal and visible, ushering in the fullness of the kingdom of God. All persons will be resurrected bodily: the redeemed to eternal happiness and security with God, and the unredeemed to everlasting punishment in hell.
The Holy Spirit is present to bring individuals to a saving faith in Jesus Christ and to work in and through believers. His presence in individuals constitutes their justification, this presence then works to sanctify, guide, teach, convict and enable believers to actively participate in God's mission. We embrace, but do not require all to adhere to, the baptism in the Holy Spirit as a definite experience distinct from salvation, given to endue believers with power from God to offer an inspired witness for Christ, to lead believers in lives of holiness, and to equip them for a Spirit-filled life of service. Consistent with biblical accounts, believers should anticipate Spirit-baptism to be accompanied by speaking in tongues and other biblical manifestations.
The Great Commission of Christ is literal and imperative today. "Making disciples" is both the duty and supreme privilege of the Church.
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 | | 736 of 1106 | 100 of 129 |
| Fund acquisition rating | | 150 of 1107 | 17 of 129 |
| Resource allocation rating | | 997 of 1107 | 115 of 129 |
| Asset utilization rating | | 821 of 1106 | 112 of 129 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 6% | 9% | 13% | 10% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 3% | 4% | 4% | 4% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 22% | 56% | 39% | 34% | 36% | 34% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 4% | 4% | 4% | 4% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 78% | 44% | 61% | 66% | 64% | 66% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 70% | 68% | 70% | 74% | 67% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 86% | 82% | 105% | 87% | 97% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 61% | 55% | 74% | 65% | 65% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 14% | 18% | -5% | 13% | 3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 6% | 8% | -3% | 8% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 26% | 28% | 26% | 21% | 33% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.26 | 0.30 | 0.40 | 0.39 | 0.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 2.47 | 2.24 | 2.44 | 2.69 | 3.50 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.40 | 0.64 | 0.66 | 0.97 | 1.05 | 1.20 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.60 | 38.07 | 18.82 | 18.77 | 21.21 | 10.48 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.03 | 0.05 | 0.05 | 0.05 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.34 | 18.34 | 17.19 | 11.76 | 10.94 | 9.01 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 29% | 22% | 24% | 22% | 28% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 28% | 16% | 19% | 20% | 25% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 273% | 266% | 193% | 202% | 210% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $2,670,356 | $2,333,242 | $2,059,780 | $1,665,366 | $888,892 |
| Receivables, inventories, prepaids | $255,985 | $228,483 | $20,730 | $61,242 | $132,549 |
| Short-term investments | $1,294,110 | $1,475,437 | $1,364,715 | $1,290,452 | $1,269,814 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,220,451 | $4,037,162 | $3,445,225 | $3,017,060 | $2,291,255 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,742,200 | $4,992,290 | $4,961,401 | $5,109,284 | $5,730,989 |
| Other long-term assets | $1,445,431 | $2,622 | $0 | $0 | $0 |
| Total long-term assets | $6,187,631 | $4,994,912 | $4,961,401 | $5,109,284 | $5,730,989 |
| Total assets | $10,408,082 | $9,032,074 | $8,406,626 | $8,126,344 | $8,022,244 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $110,857 | $135,096 | $183,579 | $142,236 | $218,653 |
| Other current liabilities | $0 | $79,425 | $0 | $0 | $0 |
| Total current liabilities | $110,857 | $214,521 | $183,579 | $142,236 | $218,653 |
| Debt | $2,958,270 | $1,488,921 | $1,556,709 | $1,621,190 | $1,999,698 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $238,900 | $238,900 | $0 | $0 |
| Total long-term liabilities | $2,958,270 | $1,727,821 | $1,795,609 | $1,621,190 | $1,999,698 |
| Total liabilities | $3,069,127 | $1,942,342 | $1,979,188 | $1,763,426 | $2,218,351 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $6,116,816 | $5,974,415 | $5,605,556 | $5,403,722 | $3,913,783 |
| With donor restrictions | $1,222,139 | $1,115,317 | $821,882 | $959,196 | $1,890,252 |
| Net assets | $7,338,955 | $7,089,732 | $6,427,438 | $6,362,918 | $5,803,893 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $1,747,616 | $1,283,098 | $1,058,333 | $1,296,029 | $976,224 |
| Program service revenue | $1,216,435 | $1,252,103 | $1,953,106 | $2,026,627 | $1,629,897 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $77,018 | $196,752 | $34,738 | $253,985 | $188,754 |
| Other revenue | $83,064 | $524,234 | $111,116 | $61,209 | $58,430 |
| Total other revenue | $1,376,517 | $1,973,089 | $2,098,960 | $2,341,821 | $1,877,081 |
| Total revenue | $3,124,133 | $3,256,187 | $3,157,293 | $3,637,850 | $2,853,305 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $1,891,967 | $1,805,342 | $2,323,064 | $2,349,179 | $1,850,885 |
| Management and general | $690,357 | $749,062 | $871,567 | $669,304 | $908,704 |
| Fundraising | $105,979 | $114,150 | $134,957 | $134,866 | $0 |
| Total expenses | $2,688,303 | $2,668,554 | $3,329,588 | $3,153,349 | $2,759,589 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $435,830 | $587,633 | ($172,295) | $484,501 | $93,716 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $435,830 | $587,633 | ($172,295) | $484,501 | $93,716 |
Compensation
| Name | Title | Compensation |
| Wayne Cordeiro | President | $126,000 |
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 4/8/2023. To update the information below, please email: [email protected]
History
Through the ministry of Fred Hornshuh, Sr. and others in the early 1920s, spiritual revival came to the greater Eugene area in Oregon, giving birth to several congregations that later organized under the name of Bible Standard Churches. In response to the emerging need for training for those being called to preach, Bible Standard Theological School was begun in January 1925 with Hornshuh as its first president. Classes initially met in Lighthouse Temple, but by 1948 the school occupied its own building at Twelfth and Olive in Eugene. In 1940, the school began to offer a full-time day program. In 1967, ground breaking at the present location on Bailey Hill Road prepared the way for development of the campus. Since that time, construction of an administration building, classrooms, a student center, resource center, dormitories and other student housing have resulted in the attractive and accessible campus that welcomes students today. The Rexius Event Center, incorporating a gym, a chapel and other facilities was completed in 2008. Concurrent with campus expansion has been the development of the academic program of the College. The College first offered four-year programs in 1974 and was offered degree-granting authority by the State of Oregon in 1976. In 1983, the college was granted accreditation with the Association for Biblical Higher Education
Program accomplishments
100% of New Hope students receive some financial aid or scholarship.