Arizona State University Strategic Enterprise Plan: 2020 Update & Operational and Financial Review
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Arizona State University Strategic Enterprise Plan: 2020 Update & Operational and Financial Review Michael M. Crow February 14, 2020 Economic and Social Imperative 2 Arizona’s GDP has grown, but at a slower rate than the U.S. overall GDP change relative to 2005 30% 25% 20% 15% 10% 5% 0% United States Arizona -5% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 3 Source: Bureau of Economic Analysis Arizona’s relative prosperity has actually decreased since 2005 Per capita personal income relative to US average 115% Washington 110% Colorado 105% 100% US Average 95% Oregon 90% 90% 85% Utah 80% Arizona 81% 75% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 4 Source: Bureau of Economic Analysis Arizona has the eighth-highest poverty rate in the U.S. Percent of working-age population living in poverty (2017) 25% 20% 16.3% 15% 10% 5% 0% 5 Source: US Census Bureau, Table S1701 Gaps in Arizona’s educational attainment across ethnic groups are linked to economic disparities Census data for Arizona (2017) Bachelor's Degree Attainment Poverty Rate AmericanAmerican Indian Indian HispanicHispanic oror Latino Latino PacificPacific Islander Islander Black Black White Alone Asian Asian 60% 40% 20% 0 0% 10% 20% 30% 40% 6 Source: US Census Bureau, Tables S1501 and 1703 Percentage of low income families in rural metros is 15 points higher than the Phoenix metro Lower-income families as a percent of all families (2017) 60% 52.2% 49.8 % 50% 42.6 % 40.9 % 39.9 % 40% 35.0 % 36.8 % United States 30% Less than $50,000 per year 20% 10% $35,000 to $49,999 per year Less than $35,000 per year 0% Phoenix Metro Flagstaff Metro Prescott Metro Tucson Metro Sierra Vista Metro Lake Havasu Yuma Metro Metro 7 Source: US Census Bureau, Table S1901 Arizona’s economic development policy has traditionally centered on creating a low-cost business environment • Low taxes • Low regulatory burden • Low land development costs 8 Success in the new economy is driven by access to resources • Access to specialized labor • Access to specialized business services • Access to new knowledge 9 Metros where new economy resources are more plentiful have substantial tech industry job growth Employment change in high-technology industries (2005-2017) 77,192 75,000 65,000 56,394 55,000 52,288 45,000 35,000 26,066 25,000 19,949 Fastest Growing Metros 15,000 10,255 7,671 109 Comparable Metros 5,000 -1,271 Arizona Metros -5,000 San Seattle Metro San Jose Boston Metro San Diego Denver MetroSalt Lake City Phoenix Tucson Metro Francisco Metro Metro Metro Metro Metro 10 Source: Brookings Institution Arizona needs to invest in new economy resource policies to attract new industries Energy & Materials Human Performance Extreme Environments Future Communication Advanced Manufacturing Technologies 11 Our Design 12 Our charter is what we do ASU is a comprehensive public research university, measured not by whom it excludes, but by whom it includes and how they succeed; advancing research and discovery of public value; and assuming fundamental responsibility for the economic, social, cultural and overall health of the communities it serves. 13 Our responsibility and public trust The charter is a promise to the citizens of Arizona. ASU has a responsibility to fulfill the requirements of the Arizona Constitution to provide public education. The responsibility is not one that is conditional upon the actions of the legislature; it is ASU’s responsibility to find the means to fulfill its charter while seeking appropriate and fair public investment in the costs of education for Arizona resident students. 14 Our design aspirations are how we do it Leverage Our Place Enable Student Success ASU embraces its cultural, socioeconomic ASU is committed to the success of each and physical setting. unique student. Transform Society Fuse Intellectual Disciplines ASU catalyzes social change by being ASU creates knowledge by transcending connected to social needs. academic disciplines. Value Entrepreneurship Be Socially Embedded ASU uses its knowledge and encourages ASU connects with communities through innovation. mutually beneficial partnerships. Conduct Use-Inspired Research Engage Globally ASU research has purpose and impact. ASU engages with people and issues locally, nationally and internationally.. 15 Our design transcends traditional boundaries • School of Arts, Media and Engineering • School of Film, Dance and Theatre • School of Mathematical and Statistical Sciences • School of Biological and Health Systems • School for the Future of Innovation and Engineering Society • School of Molecular Sciences • School of Civic and Economic Thought • School of Geographical Sciences and • School of Politics and Global Studies Leadership Urban Planning • T. Denny Sanford School of Social and • School of Computing, Informatics, and • School of Historical, Philosophical and Family Dynamics Decision Systems Engineering Religious Studies • The Design School • School of Community Resources and • School of Human Evolution and Social Development Change • School of Social and Behavioral Sciences • School of Earth and Space Exploration • School of Humanities, Arts and Cultural • School of Social Transformation Studies • School of Electrical, Computer and Energy • School of Sustainability Engineering • School of International Letters and Cultures • School of Sustainable Engineering and • The Polytechnic School the Built Environment • School of Life Sciences • School for Engineering of Matter, • School of Transborder Studies Transport and Energy • School of Mathematical and Natural 16 Sciences Performance and Accomplishments 17 ASU excellence earns recognition 18 19 ASU continues to achieve on all fronts Student Success Research Financial Health Enterprise Capacity 20 Students 21 Students demonstrate excellence and innovation in 2019 RoboSub Competition Inaugural Regents’ Cup National Native Media Awards Desert WAVE Robotics Team First place winners Cronkite School of Journalism • First place among U.S. teams • Valielza O’Keefe and Mass Communication • Third place among international teams • Joshua Pardhe • Seven first-place awards • Most of any school in the nation 22 Undergraduate enrollment up 43% compared to 2014 Undergraduate enrollment actual and metric goals (2003-2025) Metric Goals Metric Goals 120,000 International 100,000 Online Campus 80,000 Non Resident 60,000 Online Campus 40,000 Resident 20,000 Online Campus 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 23 Graduate enrollment is up 47% over five years Graduate enrollment actual and metric goals (2003-2025) Metric Goals Metric Goals 30,000 International 25,000 Online Campus 20,000 Non Resident 15,000 Online Campus 10,000 Resident 5,000 Online Campus 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 24 First-year student enrollment has grown across all populations First-time first-year enrollment by race/ethnicity (Fall 1980 – Fall 2019) 16,000 International 14,000 52% Unknown 12,000 Arizona first-year students are students of color Two or More 10,000 Pacific Islander 8,000 American Indian 6,000 Black 4,000 Asian 2,000 Hispanic White 0 '80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 25 26 First ASU isnow moreaccessible to low 1,000 1,200 1,400 1,600 200 400 600 800 0 - year enrollment by income (2002, 2010, 2019) 2010, (2002, income by year enrollment All incomes adjusted adjusted incomes All to dollars 2018 using CPI. < $20k $20k-40k $40k-60k $60k-80k $80k-100k $100k-120 $120k-140k $140k-160k $160k-180k $180k-200k $200k-220k $220k-240k $240k-260k $260k-280k - income students income $280k-300k $300k-320k $320k-340k $340k-360k $360k-380k $380k-400k > $400k Fall2002 Fall2019 Fall2010 27 triplethat of the IvyLeague is recipients Grant Pell of Enrollment Undergraduate Pell Grant recipients by academic year academic by recipients Grant Pell Undergraduate 10,000 15,000 20,000 25,000 30,000 35,000 40,000 5,000 0 1990-91 1,044 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 more 2012-13 2013-14 2014-15 than 2015-16 2016-17 2017-18 2018-19 37,042 2019-20 … First-generation student enrollment tripled since 2002 First-generation student enrollment (Fall 2002 – Fall 2019) 30,000 25,725 25,000 20,000 15,000 7,560 10,000 5,000 0 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 28 ASU is committed to low annual tuition adjustments Tuition and fees for new resident first-year students (Fall 2013 – Fall 2019) 13,000 $12,447 $12,671 12,500 $12,228 12,000 $11,769 $11,896 Beginning in Fall 2019, $11,564 $11,403 ASU streamlined 11,500 tuition and fees and $11,059 $11,338 included class fees $10,957 11,000 (which averaged $321 $10,764 in 2018-19) in total. $10,391 $10,478 $10,822 10,500 $10,792 $10,157 $10,640 $10,002 $10,358 10,000 University of Arizona $9,989 9,500 $9,738 Northern Arizona University Arizona State University 9,000 Fall 13 Fall 14 Fall 15 Fall 16 Fall 17 Fall 18 Fall 19 29 Simplified tuition and fees make total costs more transparent to students and their families Tuition and fee structure for resident undergraduate students (2019-20) 30 Resident tuition remains low compared to Pac-12 public schools Full-time tuition for new resident undergraduate students (2019-2020) $16,000 $14,000 $12,000 $10,000 $8,000 $6,000