2023-2024 Impact Report

AMBROSE

UNIVERSITY

2023/24 IMPACT REPORT

OUR MISSION Ambrose University prepares men and women for wise, joyful and redemptive engagement in the church, society and the created order through excellent Christian post-secondary education.

VISION Ambrose University is a community of transformative Christian higher education – with a vision for the welfare of our city and our world.

OUR VALUES Christian Faith We believe that Christ is the centre of what we do. We are ecumenically minded, broadly evangelical, and rooted in the holiness traditions of The Alliance of Canada and the Church of the Nazarene.

Pursuing Excellence We encourage intellectual curiosity, promoting conversations about difficult issues that are marked by both courage and charity. We provide high-quality education as well as cocurricular experiences pursuing excellence in all that we do.

Holistic Formation We assert that Ambrose is a place where students develop virtues, grow in character, acquire life skills, and prepare for future vocations.

We wrestle together with the hard questions of life and faith.

Service We strive to integrate faith and active service to the world. We commit to shaping servant leaders who will honour Christ in their vocations.

We shape culture through our scholarship, research, and artistic expression.

Community We believe that spiritual, personal, and academic development is best accomplished within the context of a Christian community that worships and glorifies God. We collaborate to foster a welcoming, hospitable, generous, just, and truth-telling community that strives to fulfill the university’s mission. We seek the welfare of students, one another, and the external community.

MESSAGE FROM THE PRESIDENT Dear friends of Ambrose University, We are in awe of God’s faithfulness and kindness to Ambrose University! We are so grateful for your partnership and support. Ambrose is steadfast in its commitment to being a thriving Christian university that is Christ-centered and mission-focused. Together, we are preparing men and women for wise, joyful and redemptive engagement in the church, society and the created order through excellent Christian post-secondary education.

Thank you for believing in this mission and for investing in our incredible students. With your support, we have been able to equip them to embrace God’s calling and step boldly into the work He has prepared for them.

In this report, you’ll discover how your generosity is transforming lives and fulfilling God’s mission—empowering students to reach their Godgiven potential and shaping future leaders who will make a lasting impact.

Few things rival the transformational power of Christian higher education, and your partnership is making it all possible.

Thank you for journeying with us and for your continued commitment to this vital mission.

On mission with you,

Rev. Dr. Bryce Ashlin-Mayo President

COMMUNITY REPORT The support of our broader Ambrose community helps make a significant difference in so many ways. Below are just some of the areas impacted by the generosity of our community:

Academics & Finance

Church & Community

Student Life

Infrastructure & Operations

Academic Programs

Ministry Training

New Business Building

World Class Faculty

Work-Integrated Learning Opportunities

Campus Pastor and Spiritual Life

Scholarships and Bursaries Academic Supports

Spiritual Formation of Students, Staff, and Faculty

Athletics International Student Support Wellness Services

For all news relating to Ambrose please visit https://ambrose.edu/news

Departmental Partnership Commitments • Priority Internship placement and post-graduate employment possibilities.

• Over half of the full-time Theology faculty are credentialed workers with the Alliance and Church of the Nazarene.

• Hold the denominational archives.

• Significant level of denominational partners represented on the board and on Academic advisory councils.

• Continuing Education for pastors and ministry leaders.

Safe and Secure Campus Maintenance and Cleaning

AMBROSE AROUND THE WORLD

Did you know? Ambrose staff and faculty travel far and wide throughout the year, teaching, presenting and connecting with Alumni, Donors, and friends in communities across the globe.

Abbotsford, Alberta, Canada Aberdeen, Scotland Atlanta, Georgia, USA Banff, Alberta, Canada Belle River, Ontario, Canada Bolivia Brandon, Manitoba, Canada Calgary, Alberta, Canada Camp Harmattan, Alberta, Canada Chatham, Ontario, Canada Cleveland, Tennessee, USA Davao, Philippines Devon, Alberta, Canada Duncan, British Columbia, Canada Edmonton, Alberta, Canada Elkhorn, Manitoba, Canada Fort Lauderdale, Florida, USA Gull Lake, Saskatchewan, Canada Halifax, Nova Scotia, Canada Hong Kong Hope, British Columbia, Canada

Hualien, Taiwan Indianapolis, Indiana, USA Kansas City, Missouri, USA Keats Island, British Columbia, Canada Kelowna, British Columbia, Canada Lake Louise, Alberta, Canada Las Vegas, Nevada, USA London, Ontario, Canada Los Angeles, California, USA Manilla, Philippines Moncton, New Brunswick, Canada Montreal, Quebec, Canada Moose Jaw, Saskatchewan, Canada Newark, New Jersey, Canada Niagara Falls, Ontario, Canada Oklahoma, USA Okotoks, Alberta, Canada Orlando, Florida, USA Ottawa, Ontario, Canada Pittsburgh, Pennsylvania, USA Pretoria, South Africa

Princeton, New Jersey, USA Red Deer, Alberta, Canada Regina, Saskatchewan, Canada Salt Lake City, Utah, USA San Antonio, Texas, USA San Diego, California, USA Spruce Grove, Alberta, Canada Steinbach, Manitoba, Canada Stony Plain, Alberta, Canada Sydney, Australia Temuco, Chile Toronto, Ontario, Canada Utrecht, Netherlands Vancouver, British Columbia, Canada Vernon, British Columbia, Canada Victoria, British Columbia, Canada Whistler, British Columbia, Canada Winnipeg, Manitoba, Canada Wolfville, Nova Scotia, Canada Wood Mt., Saskatchewan, Canada York, Saskatchewan, Canada

AMBROSE AT A GLANCE Demographics

13

830

19:1

Average Class Size

Students Enrolled at Ambrose

59

Student to Faculty Ratio

29

Denominations Represented

Countries Represented

Scholarships and Bursaries

14,575 Total Alumni

$2,753

Average Scholarship and Bursary Award in 2023-24

606

# of Applicants for Student Aid

2,179

Total # of Gifts Received in 2023-24

$1.67M

Total Scholarship and Bursary Amount Awarded in 2023-24

76

% of Students who Apply and Receive a Scholarship or Bursary

FINANCIALS Statement of Operations For the year ended April 30, 2024 with comparative information for 2023

2024

2023

Revenue Tuition and student fees $

9,927,916

Donations and constituent support

2,667,168 2,539,352

Government grants

3,342,562 3,136,687

Sales, rent and ancillary, net

877,597 792,088

Endowment and other

1,512,712 1,879,121

18,327,955

$ 8,849,611

17,196,859

Expenses Employee compensation, benefits and other 12,420,672 12,088,638 Operating supplies

1,648,337 1,143,491

Scholarships and bursaries

1,556,076 1,303,416

Interest 2,389,395 855,318 Communications, advertising and events

413,948 396,668

Facilities

1,035,601 1,016,726

Travel and hospitality

346,485 297,834

Professional fees

430,873 271,407

Annuity payments

84,043

Other expenses

40,464 107,136

20,365,894

72,811

17,553,445

(Deficiency) excess of revenue over expenses before the following (2,037,939) (356,586) Amortization of capital and intangible assets (1,732,745) (1,611,077) Amortization of deferred capital contributions

776,475 633,207

Gain on annuity contract maturities

35,500 1,180,000

Change in fair value of interest rate swap

229,242 192,172

Gain on interest rate swap

342,357

–

Gain on sale of land 12,926,825

–

Excess of revenue over expenses $ 10,539,715

$

37,716

150 Ambrose Circle SW Calgary, Alberta T3H 0L5 www.ambrose.edu