Fiscal Year, As Well As Creekside Community Church Warren Anderson (MA ’98) the Support of Many Others Who Chose to Remain Anonymous
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F i s c a l Y e a r Annual Report 2004-2005 (Source:Trinity Audited Financial Statements International of Trinity International University, including TrinityUniversity International Foundation and The CenterFinancial for Bioethics and Human Dignity) Activities 25,000,000 Key Financial Indicators 2005 As of June 30 2005 2004 2003 20,000,000 2004 Property, Plant, and Equipment $22,511,168 $22,787,935 $23,625,391 2003 15,000,000 (net of accumulated depreciation) 10,000,000 Long-term Debt $14,203,525 $14,266,372 $14,660,004 Endowment (Annuities, Trusts, Endowments) $10,086,118 $8,370,989 $7,465,331 5,000,000 0 Property, Plant, Long-term Debt Endowment and Equipment Revenues As of June 30 2005 2004 2003 Tuition and Fees $31,317,505 $29,554,664 $28,488,899 Less Institutional Scholarships ($7,677,497) ($7,277,122) ($7,326,168) Net Tuition and Fees (55.7%) Net Tuition and Fees $23,640,008 $22,277,542 $21,162,731 Contributions (23.8%) Contributions $10,111,415 $5,392,486 $4,362,241 Auxiliary (16.3%) Auxiliary $6,905,321 $6,844,005 $6,957,413 Investment Income (1.4%) Investment Income $612,471 $202,329 $169,057 Other (2.7%) Other $1,160,092 $1,696,963 $1,129,433 Total 100% Total Revenue $42,429,307 $36,413,325 $33,780,875 2005 Expenses As of June 30 2005 2004 2003 Instruction $12,905,965 $12,357,570 $12,082,688 Academic Support $2,024,366 $2,209,200 $2,174,967 Instruction (36.3%) Student Services $5,301,353 $5,846,802 $5,514,699 Academic Support (5.7%) Operation and Maintenance $2,537,348 $2,498,880 $2,546,105 Student Services (14.9%) Institutional Support $7,144,685 $5,282,727 $4,248,332 Operation and Maintenance (7.1%) Fundraising $1,200,186 $948,378 $1,101,867 Institutional Support (20.1%) Auxiliary $3,734,008 $3,877,292 $4,212,105 Fundraising (3.4%) Other $688,629 $675,718 $667,690 Auxiliary (10.5%) Total Expenses $35,536,540 $33,696,567 $32,548,453 Other (1.9%) 2005 Total 100% Change in Net Assets $6,892,767 $2,716,758 $1,232,422 (Before depreciation and amortization) 32 | TRINITY MAGAZINE (Source:Trinity Audited Financial Statements International of Trinity International University, including TrinityUniversity International Foundation and The CenterFinancial for Bioethics and Human Dignity) Activities (ExcludesTrinity contributions made International to The Center for Bioethics and Human Dignity) University Contributions Contribution by Destination Destination Amount Trinity Fund (unrestricted funds) $1,887,606 Trinity Fund (unrestricted funds) (24.5%) WMCU Radio Station $1,141,594 Endowment (5.4%) Restricted Scholarships $442,697 Restricted Scholarships (5.7%) Other Restricted $2,872,101 Other Restricted (37.2%) Capital $601,178 Capital (7.8%) Quasi Endowment $351,192 Quasi Endowment (4.6%) Endowment $418,988 WMCU Radio Station (14.8%) Total $7,718,356 2005 Total 100% Contribution by Source Source Donors Amount TEDS & TGS Alumni (4.4%) Trinity Evangelical Divinity School 1,032 $342,754 & Trinity Graduate School Alumni Trinity College Alumni (1.6%) Trinity College Alumni 688 $120,136 Parents (0.3%) Parents 115 $26,353 Individuals (47.5%) Individuals 1,819 $3,665,396 Churches (8.9%) Churches 314 $684,017 Corporations/Foundations (18.5%) Corporations/Foundations 76 $1,429,924 Other (4%) Other 50 $305,182 WMCU Radio Station (14.8%) WMCU Radio Station 4,999 $1,141,594 2005 Total 100% Instruction (36.3%) Total 9,093 $7,715,356 Academic Support (5.7%) Student Services (14.9%) Enrollment (Fall 2005) Trinity Alumni School Total Reachable Operation and Maintenance (7.1%) Undergraduate Students 1,263 Trinity College 10,672 8,108 Institutional Support (20.1%) Deerfield Traditional 778 Trinity Evangelical Divinity School Fundraising (3.4%) REACH 264 8,313 7,328 & Trinity Graduate School EXCEL 221 Auxiliary (10.5%) Trinity Law School 266 217 Graduate Students 1,573 Other (1.9%) Grand Total 19,251 15,653 TEDS Deerfield 937 Total 100% TEDS Extension Sites 280 Graduate School (IL, CA, and FL campuses) 197 Trinity Law School 159 Grand Total Enrolled in Classes 2,836* *These totals include only students who were taking one or more credit hours as of September 30, 2005. An additional 504 students are WINTER 2006 considered active in degree programs—auditing classes, doing research, or participating in Field Education. | 33 Board of Regents 2005-2006 Rodney D. Adam (BA ’76) Richard A. Parker (MDiv ’76) TrinityHonor International UnivesrityRoll gratefully of acknowleges Donors the support Tucson, Arizona Gainesville, Florida Professor of Medicine & Microbiology Senior Pastor, of the following donors during the 2004-2005 fiscal year, as well as Creekside Community Church Warren Anderson (MA ’98) the support of many others who chose to remain anonymous. Lake Forest, Illinois Vickie S. Perea Physician/Counselor Albuquerque, New Mexico Executive Director, Michael P. Andrus New Mexico Christian Community President’s Inner Circle and donors Wichita, Kansas Foundation giving $1,000 or more Senior Pastor President’s Inner Circle membership information is available at ww.tiu.edu/support/pic First Evangelical Free Church William A. Peterson LaCrosse, Wisconsin Ronald D. Aucutt ● Real Estate Developer/Broker, Retired Mrs. Donna Aboad Rev. & Mrs. Gordon W. Condit Mr. & Mrs. Edward F.R. Hearle Falls Church, Virginia Drs. Rodney & Mary Adam Mr. & Mrs. Richard Congdon ● Dr. & Mrs. Allan G. Hedberg Attorney/Partner, McGuire Woods LLP William C. Pugh Dr. & Mrs. Gordon L. Addington Mr. & Mrs. Charles Crary Mr. & Mrs. Austin Helle Valparaiso, Indiana Mrs. Madeline M. Aldene Mr. & Mrs. Bill P. Crawford Mrs. Helga B. Henry ★ Gregory E. Barrett (BA ’71) Safety Expert/Accident Consultant, Mr. Jimmie R. Alford Drs. William & Freda Crews Mr. & Mrs. William K. Herda Caledonia, Illinois William C. Pugh Associates, Inc. Mr. & Mrs. Quinten H. Alfors Rev. & Mrs. David Crocker Mr. & Mrs. Gary R. Hill Lawyer/Partner, Ms. Naomi Alicea ● Mr. Robert F. Cross Dr. & Mrs. James K. Hoffmeier Barrett & Gilbert LLP Susan Ruud Ms. Jennifer Allen ● Mr. & Mrs. Howard A. Dahl Mr. Kevin Holsclaw ▲ Racine, Wisconsin ● ▲ Judy Bradish Ms. Alice Anaston Ms. Barbara Dautruche Mr. John Holtrust Vice President and Corporate Mr. & Mrs. David H. Anderson Ms. Lois S. Davidson ● Mrs. Margaret Holtrust Arlington Heights, Illinois Secretary, Ruud Lighting Mr. Franklin Anderson Mr. & Mrs. Reece E. Day Ms. Vicky Horn ● Homemaker Edmond Soliday Mr. & Mrs. James D. Anderson Mr. Jack DeHowitt ● Ms. Blanche L. Howard Scott Carter Valparaiso, Indiana Mr. & Mrs. Mark D. Anderson Ms. Cheryl Squillace Desmidt ● Mr. & Mrs. Ted Hsieh Lake Forest, Illinois Vice President of Safety, Security and Mr. & Mrs. Norman W. Anderson Mr. Juan Diaz ● Mr. & Mrs. Johnson Hsu ● President, Unitrin Direct Quality Assurance, Retired Rev. & Mrs. Paul H. Anderson Mr. & Mrs. Paul R. Disney Mr. & Mrs. Thomas L. Hudson United Airlines Dr. & Mrs. Warren E. Anderson Mr. & Mrs. Richard Duran ● Dr. Bruce W. Hultgren David Chally (BA ’87) Mr. & Mrs. Wesley L. Anderson Mr. & Mrs. Michael L. Ebert Mr. & Mrs. Walter E. Imes Kearney, Nebraska Kendall Spencer (MDiv ’77) Mr. & Mrs. Wilbur L. Anderson Ms. Monique Echeverria ● Ms. Hazel J. Iszler ★ ● President, Barney Insurance, Inc. Jacksonville, Florida Mrs. Barbara J. Anderson-Fanslau Mr. & Mrs. Benjamin F. Edwards, IV Ms. Marta Jacobs Executive Vice President, Rev. Dr. & Mrs. Michael P. Andrus Mr. & Mrs. David M. Eglsaer Dr. & Mrs. P. Michael Jacobs Michael L. Ebert The South Financial Group Mrs. Virginia R. Anonsen Mr. & Mrs. E. Steven Ehrhardt Mr. & Mrs. Bruce F. Jacobsen Paradise Valley, Arizona Dr. Gleason L. Archer ★ Miss Janet Erb Dr. & Mrs. Jerry B. Jenkins Partner, RED Development James Tahmisian Ms. Liana Arevalo ● Ms. Ada R. Erickson ★ Mr. & Mrs. Donald E. Jensen Arroyo Grande, California Mr. Mark R. Ashpole Mr. & Mrs. Carroll D. Erickson Mr. & Mrs. Gordon N. Johnsen Peter Etienne (BA ’85) Psychologist Mr. & Mrs. Ronald D. Aucutt Mr. & Mrs. Irving C. Erickson Mrs. Alice K. Johnson ★ Lake Zurich, Illinois Mr. & Mrs. Alfred Azevedo ● Mr. Gary L. Erlandson Mr. & Mrs. Carl P. Johnson Attorney, Baxter International, Inc. Gregory L. Waybright (MDiv ’80) Ms. Brenda Babbitt Ms. Nancy Estevez ● Mrs. Lucille M. Johnson Arlington Heights, Illinois Ms. Vivian J. Badillo ● Mr. & Mrs. Peter Etienne Mr. & Mrs. Paul D. Johnson James Gilbert (BA ’71) President, Trinity International Mr. Clayton Baptiste ● Dr. & Mrs. Douglas M. Fast Ms. Signie A. Johnson ★ Gettysburg, Pennsylvania University Dr. & Mrs. David Baridon Miss Naomi Fausch Miss Marilyn M. Jones President, ECI Mr. & Mrs. Kent Beauchamp Mrs. Iris N. Feinberg Mrs. Helen R. Jongewaard Charles Webb Miss Beulah C. Becker ★ Dr. & Mrs. John S. Feinberg Mr. & Mrs. Richard F. Kantzer Steve Goold (DMin ’95) East Lansing, Michigan Minneapolis, Minnesota Mr. & Mrs. Gregg Behrens Mr. Robert Fenske ● Mr. & Mrs. Hillis O. Kauffman Vice President for Development, Ms. Margaret Bembenek ★ Mr. & Mrs. Robert H. Ferrell Mr. & Mrs. Robert F. Keith Senior Pastor, Michigan State University Dr. & Mrs. Sture R. Bengtson Mr. & Mrs. Billy D. Fouty Ms. Angela J. Kenyon ● Crystal Evangelical Free Church Mr. & Mrs. Edward J. Bingley Mr. & Mrs. Perry Fraley Mr. & Mrs. Wallace Kephart Howard C. Hawkins Mr. & Mrs. Frederick C. Birkeland Mrs. Tracey Freire ● Mr. & Mrs. Roger L. Kieffer ● Mahtomedi, Minnesota EX OFFICIO MemBERS Mrs. Frances M. Blomberg Mr. Oke O. Funk Mr. & Mrs. Stephen Kieselbach President/CEO, Retired Ms. Marilyn A. Boberg Mr. John W. Fuqua Mr. Douglas Kim ▲ Park Tool Co. Lou Diaz (MDiv ’84) Mr. & Mrs. William E. Bradish Pastor & Mrs. Michael L. Futrell Dr. Eunmi Kim Wheaton, Illinois Mrs. Paula Brattin ● Mr. Jonathan D. Galan Mrs. Debra King Sholes ● Dr. & Mrs. Stanley T. Bristol Ms. Marisela Garcia ● Mr. & Mrs. Paul J. Kingstrom Edward Hearle Moderato r, Dr. & Mrs. Densil A. Brown Mr. & Mrs. Christopher C.