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← EVANGEL UNIVERSITY OF THE ASSEMBLIES OF GOD

Form 990 for tax year 2024

Filed by EVANGEL UNIVERSITY OF THE ASSEMBLIES OF GOD.

Totals

Total revenue
$81,140,664
Total expenses
$71,260,139
Contributions and grants received
$24,241,630
Grants paid
$23,673,697
Program service revenue
$55,899,768
Investment income
$813,285
Other revenue
$185,981
Total assets, end of year
$117,210,751
Total liabilities, end of year
$43,755,267
Net assets or fund balances, end of year
$73,455,484
Program services expenses (Part IX)
$58,507,753
Management and general expenses
$11,123,462
Fundraising expenses
$1,628,924
Program service expenses (Part III)
$58,507,753

Program services were 82.1% 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.

  • 1c · Fundraising events

    $1,582,929

  • 1d · Related organizations

    $758,591

  • 1e · Government grants (contributions)

    $327,164

  • 1f · All other contributions, gifts and grants

    $21,572,946

  • 1g · Noncash contributions included above

    $5,703,743

  • 2a · Program service revenue: TUITION AND FEES

    total $44,436,206 · related or exempt $44,436,206

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $9,375,350 · related or exempt $9,375,350

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

    total $2,088,212 · related or exempt $2,088,212

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $813,285 · excluded $813,285

  • 5 · Royalties

    total $1,416 · excluded $1,416

  • 6a · Gross rents

    real property $46,240

  • 6b · Less rental expenses

    real property $41,738

  • 6c · Rental income or loss

    real property $4,502 · personal property $0

  • 6d · Net rental income or loss

    total $4,502 · unrelated business $4,502

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $802,380

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

    $1,582,929

  • 8b · Fundraising events: direct expenses

    $804,987

  • 8c · Net income from fundraising events

    total -$2,607 · excluded -$2,607

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

    total $182,670 · excluded $182,670

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $182,670

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $501,073 · program services $501,073

  • 2 · Grants to domestic individuals

    total $23,172,624 · program services $23,172,624

  • 5 · Compensation of officers, directors and key employees

    total $565,242 · management and general $565,242

  • 6 · Compensation of disqualified persons

    total $316,708 · program services $316,708

  • 7 · Other salaries and wages

    total $20,811,257 · program services $16,858,195 · management and general $3,295,304 · fundraising $657,758

  • 8 · Pension plan contributions

    total $481,105 · program services $359,386 · management and general $96,479 · fundraising $25,240

  • 9 · Other employee benefits

    total $2,157,246 · program services $1,668,340 · management and general $371,738 · fundraising $117,168

  • 10 · Payroll taxes

    total $1,495,539 · program services $1,077,828 · management and general $342,015 · fundraising $75,696

  • 11b · Fees: legal

    total $34,056 · management and general $34,056

  • 11c · Fees: accounting

    total $165,763 · management and general $165,763

  • 11e · Fees: professional fundraising services

    total $324,406 · fundraising $324,406

  • 11f · Fees: investment management

    total $71,571 · management and general $71,571

  • 11g · Fees: other

    total $4,475,671 · program services $4,131,979 · management and general $337,741 · fundraising $5,951

  • 12 · Advertising and promotion

    total $919,602 · program services $682,629 · management and general $214,879 · fundraising $22,094

  • 13 · Office expenses

    total $2,701,927 · program services $1,895,172 · management and general $795,604 · fundraising $11,151

  • 14 · Information technology

    total $1,290,266 · program services $359,242 · management and general $931,024

  • 15 · Royalties

    total $6,311 · program services $6,311

  • 16 · Occupancy

    total $1,773,020 · program services $1,256,831 · management and general $432,390 · fundraising $83,799

  • 17 · Travel

    total $1,370,311 · program services $1,084,360 · management and general $227,207 · fundraising $58,744

  • 19 · Conferences, conventions and meetings

    total $360,123 · program services $316,141 · management and general $40,835 · fundraising $3,147

  • 20 · Interest

    total $1,226,070 · management and general $1,226,070

  • 22 · Depreciation, depletion and amortization

    total $4,222,627 · program services $3,052,087 · management and general $956,191 · fundraising $214,349

  • 23 · Insurance

    total $1,005,528 · program services $194,209 · management and general $811,319

  • 24a · Other expenses: EDUCATIONAL SUPPLIES

    total $824,949 · program services $824,949

  • 24b · Other expenses: REPAIRS & MANTENANCE

    total $657,855 · program services $490,407 · management and general $139,241 · fundraising $28,207

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

    total $185,332 · program services $120,978 · management and general $63,140 · fundraising $1,214

  • 24d · Other expenses: RECRUITING & RETENTION

    total $132,767 · program services $132,767

  • 24e · All other expenses

    total $11,190 · program services $5,537 · management and general $5,653 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,222,703 · end of year $1,178,398

  • 2 · Savings and temporary cash investments

    beginning of year $3,377,695 · end of year $4,245,099

  • 3 · Pledges and grants receivable

    beginning of year $60,053 · end of year $9,228

  • 4 · Accounts receivable

    beginning of year $496,890 · end of year $516,855

  • 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 $388,626 · end of year $374,422

  • 8 · Inventories for sale or use

    beginning of year $68,916 · end of year $56,847

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,438,682 · end of year $1,651,492

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

    $153,368,792

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

    $73,507,318

  • 10c · Land, buildings and equipment, net

    beginning of year $71,134,574 · end of year $79,861,474

  • 11 · Investments: publicly traded securities

    beginning of year $18,397,730 · end of year $17,622,064

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $11,381,546 · end of year $11,694,872

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,936,836 · end of year $5,010,572

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,978,183 · end of year $15,035,408

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $29,606,560 · end of year $23,102,257

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $535,453 · end of year $607,030

  • 27 · Net assets without donor restrictions

    beginning of year $7,520,024 · end of year $27,591,510

  • 28 · Net assets with donor restrictions

    beginning of year $56,390,359 · end of year $45,863,974

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

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 437 UNDERGRADUATES, 434 GRADUATES, AND 172 DOCTORAL STUDENTS ENROLLED IN THE SUMMER 2024 SEMESTER; 1,843 UNDERGRADUATES, 570 GRADUATES, AND 208 DOCTORAL STUDENTS IN THE FALL 2024 SEMESTER; 1,751 UNDERGRADUATES, 522 GRADUATES, AND 194 DOCTORAL STUDENTS IN THE SPRING 2025 SEMESTER. A TOTAL OF 556 GRADUATED IN THE 2024-25 SCHOOL YEAR.

    Expenses $58,507,753 · Grants $23,673,697 · Revenue $55,899,768

As filed on the 2024 return.

Listed in Part VII

  • Christy Poppen

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Dawn Dauer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dr Michael Rakes

    PRESIDENT

    Total calculated
    $365,757
    From this org
    $217,012
    From related orgs
    $0
    Other
    $148,745
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,224
    Bonus
    $76,150
    Other
    $1,638
    Deferred
    $8,783
    Nontaxable benefits
    $139,962
    Filer's total
    $365,757

  • 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

  • Dr Aaron Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr ALINA LEHNERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Darryl Wootton

    BOARD MEMBER END 08/24

    Total calculated
    $0
    Hours/week
    5

  • Dr David Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Ray Schmidgall

    EMERITI BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • 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
    $235,833
    From this org
    $212,701
    From related orgs
    $0
    Other
    $23,132
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,748
    Bonus
    $250
    Other
    $1,703
    Deferred
    $8,778
    Nontaxable benefits
    $14,354
    Filer's total
    $235,833

  • Christopherr Belcher

    EXECUTIVE VP/CHIEF OF STAFF

    Total calculated
    $162,471
    From this org
    $127,891
    From related orgs
    $0
    Other
    $34,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,532
    Bonus
    $250
    Other
    $1,109
    Deferred
    $5,480
    Nontaxable benefits
    $29,100
    Filer's total
    $162,471

  • Destiny Deas

    VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT

    Total calculated
    $260,505
    From this org
    $250,508
    From related orgs
    $0
    Other
    $9,997
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $250
    Other
    $258
    Deferred
    $9,231
    Nontaxable benefits
    $766
    Filer's total
    $260,505

  • Dr Jonathan Spence

    VP/CHIEF ACADEMIC OFFICER

    Total calculated
    $178,268
    From this org
    $151,700
    From related orgs
    $0
    Other
    $26,568
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,747
    Bonus
    $250
    Other
    $1,703
    Deferred
    $6,341
    Nontaxable benefits
    $20,227
    Filer's total
    $178,268

  • Dr Michael Kolstad

    EXECUTIVE VP/CHIEF OF STAFF

    Total calculated
    $213,113
    From this org
    $175,383
    From related orgs
    $0
    Other
    $37,730
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,024
    Bonus
    $250
    Other
    $1,109
    Deferred
    $7,207
    Nontaxable benefits
    $30,523
    Filer's total
    $213,113

  • Wade Mumm

    VICE PRESIDENT AGTS

    Total calculated
    $138,238
    From this org
    $120,439
    From related orgs
    $0
    Other
    $17,799
    Hours/week
    50

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 RECEIVED A MINISTERIAL HOUSING ALLOWANCE UNDER MINISTRY CREDENTIALS THAT WERE NOT INCLUDED IN HIS 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 the President 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

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
2024
Filed
16 March 2026
IRS schema version
2024v5.1
Source object
202620759349301307

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