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2003 ANNUAL REPORT OCC125 03AR FINAL 3/10/04 12:42 PM Page 1 OCC125 03AR_FINAL 3/10/04 12:42 PM Page 32 The best resource for bridging community and commitment. 03 OWENS COMMUNITY COLLEGE 2003 ANNUAL REPORT OCC125 03AR_FINAL 3/10/04 12:42 PM Page 1 Owens Community College 2003 Annual Report community and commitment For nearly four decades at Owens Community College, we industry – over 400 strong. Their innovations help breathe have developed community partnerships to support our mission technological advancements and new ideas into our of successfully serving students and the community. These academic curricula. partnerships help strengthen our position as Northwest Ohio’s Individuals and corporations throughout the community #1 Choice in higher education. provide funding support for student scholarships and capital In this report, we reflect on a year of continued excellence, projects that minimize our overhead and help keep our tuition highlighted by President George W. Bush’s visit in which he rates affordable. Many of our adjunct faculty are community singled out Owens as a national leader members who share real-world in higher education. We also recognize experiences in the classroom and achievements including Owens serving more than 44,000 complement the teachings of our award- Community College emerging as the winning, full-time faculty. fastest-growing college or university students annually in over It is our continued focus on community 1 in Ohio; the opening of the Center for 160 program areas that helps ensure our students build a Fine and Performing Arts; and the strong foundation for their life’s journey. groundbreaking for the new Findlay- As a trusted community partner, we are area Campus. committed to helping the Northwest Ohio community grow, Enhanced by continued community support, we serve the both now and in the years to come. educational needs of more than 44,000 students annually in over 160 program areas. Many of our valued Sincerely, partnerships are with business and Christa Adams, Ph.D. President Christa Adams, Ph.D. President of Owens Community College OCC125 03AR_FINAL 3/10/04 12:42 PM Page 2 Mission We believe in serving our students and our communities. Your success is our mission. Vision Owens faculty and staff are 2 committed to strengthening the community by providing a superior educational experience through excellence, innovation and collaboration. Owens Community College 2003 Annual Report OCC125 03AR_FINAL 3/10/04 12:42 PM Page 3 Owens Community College 2003 Annual Report presidential visit During his landmark visit on January 21, 2004, President George W. Bush singled out Owens Community College as a national leader in higher education. A historic day for the College, the President’s visit increased awareness of the vital role community colleges play in higher education. “I want you to pay attention to what Owens has done.” Recognizing programs that train 18,000 workers annually, the President praised the College and voiced approval for a job well done. He also pledged $250 million for community colleges nationwide to enhance job-training programs. A panel discussion led by the President gave college and high school students in 3 attendance an opportunity to learn more about the value of higher education. The President showcased Owens Community College programs in order to heighten awareness of the role that community colleges play in educating and training the nation’s workforce. OCC125 03AR_FINAL 3/10/04 12:42 PM Page 4 positive trends Fall Enrollment Continues To Grow Average Annual Tuition Comparison 9,206 10,255 11,449 12,091 13,561 15,878 16,688 16,805 17,236 18,467 19,615 Average Annual Tuition and Fees comparison in Northwest Ohio of a full-time, in-state freshman student for the 2003-04 academic year. Owens Community College $2,438 Two-Year Public Colleges* $3,168 Four-Year Public Universities $6,839 113% increase over 10 years Four-Year Private Colleges & Universities $16,050 * This average excludes Owens Community College. 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Source: Bursar’s and Admission offices of respective colleges and universities Average Starting Salaries Owens Community College is the 4 83% of all workers with an associate’s degree earn nearly the same fastest growing two- or four-year income as workers with a bachelor’s degree. Source: Community College Week higher educational institution in Ohio. Since becoming a comprehensive community college in 1994, Owens has nearly doubled in size with 27 consecutive semesters of enrollment increases and over 44,000 credit and non-credit $24,876 $32,581 $33,582 students annually. High School Graduate Associate Degree Bachelor Degree Source: The Ohio Board of Regents 2003 Study Owens Community College 2003 Annual Report OCC125 03AR_FINAL 3/10/04 12:42 PM Page 5 Owens Community College 2003 Annual Report financial summary 6 7 FY2003 Revenue (in millions) 5 $83.4 Total 4 1 State Appropriations $ 31.5 1 2 Federal & Other Grants 20.6 3 Tuition & Fees 17.8 4 Auxiliary Services 6.7 5 Capital Grants & 3 Appropriations 5.9 6 Other 0.76 7 Sales & Service $ 0.15 2 FY2003 Expenditures (in millions) 10 $79.2 Total 9 8 5 1 Instruction & Research $ 32.7 7 2 Institutional Support 9.8 3 Plant Operations 6 & Maintenance 8.1 1 4 Scholarships & Aid 6.7 5 5 Auxiliary Enterprises 6.4 6 Student Services 5.5 7 Academic Support 4.0 Strong financial planning efforts helped to create 35 new 8 Depreciation 3.0 4 faculty and staff positions to better serve students. In addition, 9 Public Service 2.8 10 Institutional Research $ 0.2 3 2003 revenues were maximized through alternative sources 2 such as auxiliary services which provided $6.7 million in revenues to the College. Owens also completed construction FY2003 Net Increase in Assets (in millions) of the Center for Fine and Performing Arts – a project totaling $4.2 $11 million. OCC125 03AR_FINAL 3/10/04 12:42 PM Page 6 economic impact Owens Community College continues to reach out to communities to better serve students, friends and neighbors. The numerous partnerships with business and industry and the hard work of hundreds of volunteers on Advisory Boards, are only a few examples of how a sense of community continues to thrive at Owens Community College. Additionally, in fiscal year 2003, Owens made a positive impact on the surrounding community in numerous ways. •2,000 people employed by Owens Community College. 6 • $36.5 million paid in employee salaries. •Nearly $8 million spent on construction and renovation projects. • In excess of $5 million generated in city, state and federal taxes. •Nearly $270,000 raised over the past 10 years through community giving campaigns and events such as United Way, Community Shares and Relay for Life. Owens Community College 2003 Annual Report OCC125 03AR_FINAL 3/10/04 12:42 PM Page 7 Owens Community College 2003 Annual Report foundation board Thomas F. Pounds Foundation Director James F. Carter The Blade Foundation Director Vice President and Arthur H. Smith Wood County Commissioner General Manager Foundation Director Libbey Inc. Vice President and Mary Ann Whipple General Counsel Johnny M. Mickler, Sr. Foundation Director Foundation Director Judge Greater Toledo Urban League, Inc. President/CEO Gus Franklin Foundation Director Dana Corporation President, Dana International 7 Allan J. Libbe Rasesh H. Shah James W. Baehren Paul L. Meinerding Foundation Director Foundation Vice Chairman Foundation Secretary Foundation Chairman Rudolph/Libbe, Inc. The Andersons, Inc. Owens-Illinois, Inc. Key Bank Founding Partner President, Rail Group Senior Vice President, Senior Vice President General Counsel and Secretary OCC125 03AR_FINAL 3/10/04 12:42 PM Page 8 Charles L. Bills Janet Meacham John W. Christy Edward J. Reiter Harold C. Miller J. Michael Wilder James M. Murray Foundation Director Foundation Director Foundation Director Foundation Director Foundation Director Foundation Director Foundation Director OHIO LOGISTICS & Affiliates Fifth Third Bank Owens Corning Sky Financial Group Inc. Cooper Tire & Rubber Company Marathon Ashland Petroleum Toledo Edison President/CEO Regional Merchant Sales Officer Vice President, Transactions Senior Chairman Vice President, Planning and Control General Counsel Regional President The Foundation Board provides a means for individuals, organizations, businesses and industries to work with Owens Community College and accomplish a broad range of educational goals, including scholarships, capital improvements and program support. 8 John H. McDermott John C. Moore Gary W. Dettling Christa E. Adams, Ph.D. Foundation Treasurer Foundation Director Foundation President/CEO Foundation Director Hylant Group Owens Community College Owens Community College Owens Community College Account Executive Board of Trustees Vice President, College Advancement President Consultant Owens Community College 2003 Annual Report OCC125 03AR_FINAL 3/10/04 12:42 PM Page 9 Owens Community College 2003 Annual Report founded to serve Incorporated in April 2002, the Foundation has already achieved a net asset value of more than $1.5 million and granted nearly $250,000 in scholarships and program support. enabling more students The Foundation received a number of major contributions in 2003 totaling more than $600,000 from Key Bank, Master to receive a quality education Chemical Corporation, Fifth Third Bank and Block Communications. Despite a year of significant fluctuation in the stock market, the Foundation enjoyed an astonishing 24% return on its investments. A $5,000000 ggiftift An important part of the Foundation’s mission is to help make students’ dreams come true. Thanks to Owens’ willwill fundfuund affordable tuition rates, donors to the Foundation can assist 9 a greater number of students for longer periods of time. In fact, based on 2003-04 average tuition rates, an investment in Owens impacts more than twice the amount of students compared with any other four-year college or university in SM Tuition for one year at the region, making it Northwest Ohio’s Best Investment .
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