1990-1991 Cedarville College Annual Report

We completed an extensive compensation study. On that basis, we upgraded salaries and benefits. This year's top priority flowing from the College's strategic planning process is to make even larger investments in college personnel- in salaries, benefits, and professional development. The Personnel Office, under its new director , Tim Bosworth , is sponsoring helpful professional development seminars on campus for appropriate staff and faculty members. Cedarville's tuition and fees remain among the lowest charged by independent, accredited colleges. Colleges of comparable reputation and programs typically charge at least $4,000 more per year than Cedarville does. In essence, every Cedarville student receives a "scholarship" of that amount. While the low prices make a Cedarville education accessible to a broader range of students, they also require a rigorous approach to budget management. Annual Fund $810,523 Gifts 1990-91 Sources: Current Operations $1,466,133 Development God has blessed Cedarville with a growing number of faithful donors. Many of Cedarville' s most loyal friend s are not affluent, but their $10, $25 , or $50 checks arrive like clockwork every month. These gifts, along with similar support from approximately 260 churches, form the backbone of the stewardship support of the college and help keep students' costs as low as poss ible. The Annual Fund consists of unrestricted gifts for the College' s general operations. Most church gifts support the Annual Fund, as do the gifts of Torch Club and Charter Society members and President' s Associates. Under the leadership of Jeffrey Brock, the Annual Fund was up significantly again this past year to a total of $810,000. Cedarville alumni are playing an increasingly important role in the Annual Fund. This past year, 32% of alumni gave to their alma mater, well above the national average. Cedarville benefits every year from those who remember the College in their wills or trusts. Friends who made commitments toward the funding of recent capital projects have been fulfilling them with an unbelievably low default rate. Every commitment made for the retrofit of the Business Administration Building has been completed in full. Likewise, most commitments for the Centennial Library and Brock Hall have been received. We have had a good start on the campaign for the Engineering/Nursing Center, a 68,000 square foot building connected to our Science Center. Costing $7 million, this facility should be ready for occupancy in August 1992. The campaign to provide this building and its initial equipment will continue through 1992 or until we achieve the goal. WCDR-FM enjoyed a banner year in expansion and listener response. A professionally managed ministry (not a student lab), the 30,000 watt station reaches most of southwestern Ohio. CDR Radio reaches other areas through its network of translator stations. The station received a record number of calls from listeners who were concerned about their salvation or requested counsel on other spiritual issues. We are thankful for our college family and our many friends who invest in Cedarville College because they believe in what the Lord is doing here. As God enables, we will hold to our mission "to offer students arreducation consistent with biblical truth." Expenditures 1990-91 Instructional and Academic Support $5,964.867 34.19% Balanced oudget 1990-91 with a surplus for the 12th consecutive year Student costs for 1990-91 for tuition, room, board, and fees: $9,191 Others $25,737 .95% Dr. Martin Clark Vice President for Development Alumni Involvement: Nearly half of Cedarville 's alumni have graduated during Dr. Dixon 's presidency (since 1978). And while the total alumni base has almost doub led, the percentage of alumni giving to Cedarville has doubled. We are thankful to see alumni showing such appreciation f or their experience at Cedarville. Engineering/Nursing Center: Our students are excited about learning in one of the best and largest fac ilities of its type among independent colleges.