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← EVANGEL UNIVERSITY OF THE ASSEMBLIES OF GOD

Form 990 for tax year 2023

Filed by EVANGEL UNIVERSITY OF THE ASSEMBLIES OF GOD.

Totals

Total revenue
$69,972,206
Total expenses
$67,943,225
Contributions and grants received
$14,874,375
Grants paid
$21,713,790
Program service revenue
$53,638,557
Investment income
$983,565
Other revenue
$475,709
Total assets, end of year
$107,967,415
Total liabilities, end of year
$44,057,032
Net assets or fund balances, end of year
$63,910,383
Program services expenses (Part IX)
$56,338,817
Management and general expenses
$9,912,835
Fundraising expenses
$1,691,573
Program service expenses (Part III)
$56,338,817

Program services were 82.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $3,871,051

  • 1d · Related organizations

    $1,139,965

  • 1e · Government grants (contributions)

    $327,164

  • 1f · All other contributions, gifts and grants

    $9,536,195

  • 1g · Noncash contributions included above

    $380,193

  • 2a · Program service revenue: TUITION AND FEES

    total $41,790,438 · related or exempt $41,790,438

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $9,296,063 · related or exempt $9,296,063

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $2,552,056 · related or exempt $2,552,056

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $983,565 · excluded $983,565

  • 5 · Royalties

    total $1,307 · excluded $1,307

  • 6a · Gross rents

    real property $45,161

  • 6b · Less rental expenses

    real property $49,783

  • 6c · Rental income or loss

    real property -$4,622 · personal property $0

  • 6d · Net rental income or loss

    total -$4,622 · unrelated business -$4,622

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $852,109

  • 8a · Fundraising events: contributions included on line 1c

    $3,871,051

  • 8b · Fundraising events: direct expenses

    $861,553

  • 8c · Net income from fundraising events

    total -$9,444 · excluded -$9,444

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 11a · Other revenue: GAIN (LOSS) ON FUNDS HELD IN TRUST

    total $488,468 · excluded $488,468

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $488,468

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,039 · program services $5,039

  • 2 · Grants to domestic individuals

    total $21,708,751 · program services $21,708,751

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $549,129 · program services $0 · management and general $549,129 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $259,878 · program services $259,878

  • 7 · Other salaries and wages

    total $20,801,840 · program services $17,539,209 · management and general $2,731,966 · fundraising $530,665

  • 8 · Pension plan contributions

    total $370,324 · program services $278,331 · management and general $71,437 · fundraising $20,556

  • 9 · Other employee benefits

    total $2,283,605 · program services $1,751,928 · management and general $402,290 · fundraising $129,387

  • 10 · Payroll taxes

    total $1,432,038 · program services $1,052,541 · management and general $301,763 · fundraising $77,734

  • 11b · Fees: legal

    total $24,612 · management and general $24,612

  • 11c · Fees: accounting

    total $248,398 · management and general $248,398

  • 11e · Fees: professional fundraising services

    total $226,862 · fundraising $226,862

  • 11f · Fees: investment management

    total $101,503 · management and general $101,503

  • 11g · Fees: other

    total $4,234,263 · program services $3,995,472 · management and general $235,795 · fundraising $2,996

  • 12 · Advertising and promotion

    total $1,323,258 · program services $1,071,937 · management and general $231,325 · fundraising $19,996

  • 13 · Office expenses

    total $2,429,066 · program services $1,461,778 · management and general $649,131 · fundraising $318,157

  • 14 · Information technology

    total $1,126,551 · program services $349,685 · management and general $776,866

  • 15 · Royalties

    total $4,498 · program services $4,498

  • 16 · Occupancy

    total $1,731,755 · program services $1,244,824 · management and general $398,716 · fundraising $88,215

  • 17 · Travel

    total $1,428,181 · program services $1,111,721 · management and general $271,909 · fundraising $44,551

  • 19 · Conferences, conventions and meetings

    total $361,468 · program services $344,661 · management and general $14,201 · fundraising $2,606

  • 20 · Interest

    total $1,283,058 · management and general $1,283,058

  • 22 · Depreciation, depletion and amortization

    total $3,611,509 · program services $2,662,975 · management and general $751,863 · fundraising $196,671

  • 23 · Insurance

    total $789,842 · program services $130,086 · management and general $659,756

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $687,622 · program services $529,159 · management and general $127,879 · fundraising $30,584

  • 24b · Other expenses: EDUCATIONAL SUPPLIES

    total $584,144 · program services $584,144

  • 24c · Other expenses: LICENSES, DUES, SUBSCRIPTION

    total $196,441 · program services $116,609 · management and general $77,239 · fundraising $2,593

  • 24d · Other expenses: RECRUITING & RETENTION

    total $128,243 · program services $128,243

  • 24e · All other expenses

    total $11,347 · program services $7,348 · management and general $3,999 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,575,446 · end of year $1,222,703

  • 2 · Savings and temporary cash investments

    beginning of year $11,188,443 · end of year $3,377,695

  • 3 · Pledges and grants receivable

    beginning of year $9,403 · end of year $60,053

  • 4 · Accounts receivable

    beginning of year $683,464 · end of year $496,890

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $794,189 · end of year $388,626

  • 8 · Inventories for sale or use

    beginning of year $63,995 · end of year $68,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,235,417 · end of year $1,438,682

  • 10a · Land, buildings and equipment: cost or other basis

    $140,406,973

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,272,399

  • 10c · Land, buildings and equipment, net

    beginning of year $57,008,926 · end of year $71,134,574

  • 11 · Investments: publicly traded securities

    beginning of year $20,104,197 · end of year $18,397,730

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $11,073,849 · end of year $11,381,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,437,098 · end of year $7,936,836

  • 19 · Deferred revenue

    beginning of year $5,423,830 · end of year $5,978,183

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $29,639,080 · end of year $29,606,560

  • 25 · Other liabilities

    beginning of year $462,298 · end of year $535,453

  • 27 · Net assets without donor restrictions

    beginning of year $7,048,988 · end of year $7,520,024

  • 28 · Net assets with donor restrictions

    beginning of year $53,726,035 · end of year $56,390,359

Mission and programs · 2023

Mission

EVANGEL IS A COMPREHENSIVE CHRISTIAN UNIVERSITY THAT IS COMMITTED TO EXCELLENCE IN EDUCATING AND EQUIPPING STUDENTS TO BECOME SPIRIT EMPOWERED SERVANTS OF GOD WHO WILL IMPACT THE CHURCH AND SOCIETY GLOBALLY.

Activities or mission (Part I)

EVANGEL IS A COMPREHENSIVE CHRISTIAN UNIVERSITY THAT IS COMMITTED TO EXCELLENCE IN EDUCATING AND EQUIPPING STUDENTS TO BECOME SPIRIT EMPOWERED SERVANTS OF GOD.

  • THERE WERE 455 UNDERGRADUATES, 349 GRADUATES, AND 178 DOCTORAL STUDENTS ENROLLED IN THE SUMMER 2023 SEMESTER; 1,765 UNDERGRADUATES, 516 GRADUATES, AND 214 DOCTORAL STUDENTS IN THE FALL 2023 SEMESTER; 1,707 UNDERGRADUATES, 525 GRADUATES, AND 207 DOCTORAL STUDENTS IN THE SPRING 2024 SEMESTER. A TOTAL OF 519 GRADUATED IN THE 2023-24 SCHOOL YEAR.

    Expenses $56,338,817 · Grants $21,713,790 · Revenue $53,638,557

As filed on the 2023 return.

Listed in Part VII

  • Christy Poppen

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dr Michael Rakes

    PRESIDENT

    Total calculated
    $355,060
    From this org
    $268,150
    From related orgs
    $0
    Other
    $86,910
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,000
    Bonus
    $43,250
    Other
    $103,900
    Deferred
    $0
    Nontaxable benefits
    $86,910
    Filer's total
    $355,060

  • Dr Nick Garza

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Joshua L Bartlotti

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Daryl Flood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • David Peebles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dawn Dauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Aaron Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Darryl Wootton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Ray Schmidgall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Rod Thill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Mark Espinoza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rev David Lindell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rev Donna Barrett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rev Douglas E Clay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rev Rod Loy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Linda Allen

    VP OF BUSINESS & FINANCE/CFO

    Total calculated
    $194,069
    From this org
    $172,632
    From related orgs
    $0
    Other
    $21,437
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,382
    Bonus
    $250
    Other
    $0
    Deferred
    $8,360
    Nontaxable benefits
    $13,077
    Filer's total
    $194,069

  • Christopher Belcher

    VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $134,287
    From this org
    $113,353
    From related orgs
    $0
    Other
    $20,934
    Hours/week
    50

  • Dr Jonathan Spence

    VP/CHIEF ACADEMIC OFFICER

    Total calculated
    $162,013
    From this org
    $137,632
    From related orgs
    $0
    Other
    $24,381
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,382
    Bonus
    $250
    Other
    $0
    Deferred
    $6,157
    Nontaxable benefits
    $18,224
    Filer's total
    $162,013

  • Dr Michael Kolstad

    EXECUTIVE VP/CHIEF OF STAFF

    Total calculated
    $190,376
    From this org
    $151,544
    From related orgs
    $0
    Other
    $38,832
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,565
    Bonus
    $250
    Other
    $16,729
    Deferred
    $6,864
    Nontaxable benefits
    $31,968
    Filer's total
    $190,376

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account
Dr. Mike Rakes, President, received funds under an Accountable Plan and it was not treated as a taxable compensation.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
DR. MICHAEL RAKES AND DR. MICHAEL KOLSTAD RECEIVED A HOUSING ALLOWANCE UNDER MINISTRY CREDENTIALS THAT WERE NOT INCLUDED IN THEIR W-2 BOX 1 WAGES.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Membership dues paid to Highland Springs Country Club to use by President, Dr. Mike Rakes and his wife.
Schedule J, Part I, Line 7 Non-fixed payments
The bonus paid to the president is contingent on goals that are set by the committee and achieved by the president. All other bonuses were received by all employees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE TRUSTS (2)

    TRUST

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202520769349300802

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