1986-1987 Cedarville College Annual Report

ACHIEVEMENTS • Accreditation by North Central Asso– ciation of Colleges and Schools extended for 10 years, the longest period the Association grants. • Honors Program's Sociology of Sport study offered winter quarter 1988. Designed to meet the education needs of our ablest and most highly motivated students. • Three Cedarville graduates became college presidents: Dr. Joseph M. Stowell III ('66) at Moody Bible Institute, Dr. Elvin K. Mattison ('73) at Spurgeon Baptist Bible College, Dr. Robert Domokos ('62) at Faith Baptist College, Ankeny, Iowa. • Doctorates completed by Robert G. Parr, Terry L. Phipps, Sharon Eimers, Richard E. Baldwin, Sue H. Baker, and Janet A. Bauer. • Centennial events: Charter Day, January 26, 1987 Convocation attended by 3,000 including delegates from 41 colleges and universities. Performance of Psalm Trilogy, composed by Ovid Young and presented by the 100-voice Centen– nial Choir, the Symphonjc Band, and duo-pianists Nielson and Young. New college history published in 1987: Author Dr. J. Murray Murdoch. Homecoming 1987: Dedication of new Library As the Cedar Grows, historical pageant of Cedarville College, now available on video. • Achievements in athletics from fall 1986 through winter quarter 1988: 1 national championship 3 conference championships 3 district championships GIFTS • Increase of 56.7% in total gifts from 1985-86 to 1986-87. • Total gifts in 1986-87: $3,017,55 $1,437,798 to capital $1,581,479 to remaining funds (Annual Fund, scholarships, etc.) • Over 15,000 gift transactions. • Record amount of alumni giving: $498,068 ($242,099 to Library); a 75.3% increase over 1985-86. • Endowment tripled during the Centen– nial Capital Campaign. Total gifts and commitments: $1,037,220. • Record amount of gifts in December 1987: $898,908. While giving is up, needs are still great. Students continue to pay 90% of their total educational costs. The remaining 10%(during 1987-88, this amounted to $650 for each of our 1800 students) must be realized through gifts to the Annual Fund from individuals, churches, corpora– tions, and foundation s. Gifts Friends Alumni Churches Corporations Foundations Other Amount $584,125 489,425 380,425 234,533 220,593 108,811 52.5 16.2 12.6 7.8 7.3 3.6 $3,017,555 BUDGET • Balanced budget of $12,461 ,500 in 86-87, with a small surplus. • Modest surpluses realized in the last eight consecutive years. • Current fund assets ($3 ,188,616) more than current liabilities ($2,531 ,047) by a ratio of 1.26 to 1. • Principal reduction payments of $543,296 on mortgage and note indebtedness in 86-87. • Student costs for 87-88 for tuition , room, board, and fees , $7,245 - 15% less than the national average for private accredited colleges. Current Funds Expenditures Instructional and Academic Support Administrative and Institutional Service Student Aid Auxiliary Services Student Services Debt Service Physical Plant 25.39 18.49 17.64 16.50 7.88 7.59 6.51