FREE WILL BAPTIST BIBLE COLLEGE

Transcription

1 FREE WILL BAPTIST BIBLE COLLEGE ANNUAL REPORT

2 A New Era F or sixty years Free Will Baptist Bible College has been fulfilling its mission to equip men and women, through Bible-based education, to serve Christ and His Church. The college is entering a new era with momentous challenges. In order to face these challenges, we must maintain a healthy balance between tradition and innovation. We want to be a truly Christian community of faith and learning, a community where Scripture serves as the foundation for all teaching and learning, a community where Christian teachers and Christian students come together to search out and find God s truth and apply that truth to the whole of life. The Great Commission motivates us to educate ministers, missionaries, and other vocational Christian workers to proclaim the Good News of salvation in Christ to a dying world. The Great Commandment motivates us to educate laypeople to serve God and their neighbor, living out the gospel in a non-church related career and endeavoring to take every thought captive to the obedience of Christ. The financial condition of the college has presented an enormous challenge. We entered the academic year with a ten-year-low enrollment of 281. This severely affected our financial condition: we faced a $600,000 budget deficit. That deficit has been greatly reduced in two ways. First, our dedicated faculty and staff drastically cut the college s operating expenditures. This reduction in our operating budget was neither easy nor painless, but I commend our faculty and staff for it. Second, our supporting churches, alumni, and friends responded to our need by increasing their giving by an amazing 18% over the previous year. Our sincerest thanks go to our faculty and staff at FWBBC and our supporters in the denomination. Without all of you, we could not have dealt with this financial concern. Because of the downward trend in enrollment and the resulting financial difficulties the college is facing, as well as the withdrawal of Watkins Institute s offer to purchase our current campus, the Board of Trustees has voted to postpone relocation until some of these problems can be addressed. Money given for relocation has been well invested. The progress and work that has occurred up to this point will enable us, when the time is right, to proceed with relocation. Funds received for relocation will continue to be wisely invested. We are poised for growth, and relocation is still a part of our long-range plan.

3 As you know, in March Brother Tom Malone became chancellor of the college and I assumed the position of president. I am honored to be the fifth president of Free Will Baptist Bible College and will seek to build wisely on the labors of L. C. Johnson, L. R. Ennis, Charles A. Thigpen, and C. Thomas Malone. Noticeable changes are occurring on campus. We are renovating several of our older buildings. We have begun repaving our parking lots. We are reconditioning and landscaping our grounds. We want everything we do to reflect a desire for excellence. The beauty of our current campus will complement our endeavor to build our student body. We are intensifying our efforts to recruit new students and retain our current students. Please call FWBBC and give us the names and contact information of students who are prospects for enrollment at the college. Your help in student recruitment will enable us to prepare students to further the kingdom of God in the many fields of service to which He has called them. In that regard, we are retooling our Pastoral Ministry program to meet the needs of Free Will Baptist churches. The shrinking number of pastors for our churches makes our efforts vitally important. We are making changes in the Pastoral Ministry program to make it more effective and relevant for the needs of Free Will Baptists today. Chief among these changes is the addition of adjunct and visiting faculty members who are currently pastoring growing Free Will Baptist churches. A new brochure describing our Pastoral Ministry program is now available. Our continued emphasis on preparing harvest field laborers for world missions is evidenced by our renovation of a new missionin-residence home. Free Will Baptist Foreign Missions provides us with a missionary-inresidence each year. This project, which is being done with the financial help of the Foreign Missions Department, will help us ensure that world missions remains a major priority at FWBBC. We are also continuing to explore new programs to equip lay people as servantsupporters in our local churches and senders of our missionary force. This fall we will begin offering the coursework for a major in History, and we are committed to gain state teacher licensure in History as well. We want all our students-those studying for pastoral ministry, those preparing for missionary service, and all the rest in their various fields-to be well equipped for the warfare in which they will be engaged. In order to secure additional scholarship funding for our students, we are seeking grants from private foundations and other sources. We have obtained the services of a professional grant writer with broad experience in the funding of Christian higher education. As always, we cannot continue to do our job without your help. By praying for us, by supporting us financially, by sending students to us, you enable us to do the job of equipping our students to find their places of service in the church and in the world. Thank you for the opportunity to serve the National Association of Free Will Baptists. Please let us know how we can better serve you, your families, and your churches. Respectfully submitted, J. Matthew Pinson President

4 Board Of Trustees Term Expires 2002 Rev. Larry Montgomery (secretary) Pastor,, Glennville, Georgia. Rev. Billy Gene Outland Pastor, Hazel Dell Free Will Baptist Church, Sesser, Illinois. Rev. Archie Ratliff, Pastor Bethel Free Will Baptist Church, Kinston, North Carolina. Terms Expire 2004 Dr. Steve Ashby Professor, Ball State University, Muncie, Indiana. Rev. Billy Hanna Pastor,, Albant Georgia. Terms Expire 2006 Rev. Richard Barnes Pastor, Providence free Will Baptist Church, Hampton, Virginia. Rev. Gary Fry (chairman) Pastor,, Mountain Grove, Missouri. Mr. A. C. Allen Businessman, Effingham, South Carolina.

5 Budget for the Year Ending May 31, 2003 Revenues: Tuition & Fees Gifts: Together/Capital Campaign Estates & Miscellaneous Grants & Foundations Endowment income Investment income Sales & Services of auxiliary enterprises Other sources: Nets assets released from restrictions 2,007, 200 1,300,000 76, ,000 4,000 8,000 1,090,390 75,000 Total revenues: $ 4,661,090 Expenditures: Educational & General: Instruction Academic Support Student Services Operation & Maintenance of plant Institutional support Total educational & general expenditures Auxiliary enterprises Expenditures: 1,153, , , ,041 1,176,740 3,720, ,796 Total expenditures $ 4,661,090

6 Total General Fund Gifts 10-Year Summary FWBBC has been especially blessed by its supporters through a healthy increase in general fund unrestricted gifts for In spite of a downturn in the economy and the tragedy of September 11, 2001, unrestricted gifts were up a near-miraculous 20.68%! No large gift(s) made the difference. Rather, it was an increase in regular giving, although the number of people who signed up for monthly bankdrafts was a tremendous help. This happened when scores of other non-profits were reporting serious shortfalls in their gift budgets for the same period. God s increased gift provision through our friends has helped FWBBC s operational needs in a mighty way. Thomas A. Sass Treasurer

7 General Fund Gifts & Goals State Alabama Arkansas Arizona California Colorado Connecticut Delaware Florida Georgia Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Missouri Mississippi North Carolina Nebraska New Mexico New York Ohio Oklahoma Pennsylvania South Carolina South Dakota Tennessee Texas Utah Virginia Virgin Islands Washington Wisconsin West Virginia WNAC Canada Matching Gifts Other GRAND TOTAL Gifts $75, $77, $ $15, $1, $00.00 $1, $32, $85, $1, $0.00 $34, $6, $1, $1, $ $25.00 $1, $0.00 $18, $43, $22, $158, $50.00 $ $ $18, $23, $344.0 $11, $50.00 $242, $29, $ $20, $ $1, $45.00 $6, $3, $ $54, $1, $1,109, Gift Goals $72,600 $80,960 $1,460 $7,080 $720 $1,560 $2,240 $34,920 $80,520 $720 $100 $28,640 $7,000 $360 $17,160 $1,520 $120 $600 $1,680 $32,280 $50,760 $22,080 $200,710 $360 $360 $0 $18,840 $22,140 $600 $65,640 $100 $275,480 $10,000 $0 $20,000 $1,440 $840 $50 $7,520 $5,520 $840 $0 $24,480 $1,100,000

8 ANNUAL REGISTRATION REPORT Enrollment Enrollment Breakdowns by: Classifications: Freshmen...87 Sophomores...98 Juniors Seniors...54 Special...3 States: Alabama...19 Mississippi...7 Arizona...1 Missouri...7 Arkansas...23 North Carolina California...3 Ohio...4 Florida...12 Oklahoma...6 Georgia...16 South Carolina...10 Illinois...23 Tennessee...91 Indiana...7 Texas...5 Kansas...3 Virginia...12 Kentucky...6 Virgin Islands...1 Louisiana...1 West Virginia...3 Michigan...11 Foreign (8)...16 (Albania, Brazil, Canada, France, Japan, Korea, Spain, Zimbabwe) Other Categories: New...58 Male Dormitory Returning...19 Female Town Continuing Transfer...37 Full-time Single Special...3 Part-time...51 Married...47 Free Will Baptist Other...34 *Major: Pastoral...40 YM/CE...27 Missions...34 Other Majors Undecided...21 Special...3 The student body represents 23 states and 8 foreign countries. * Please be aware that student majors can change from semester to semester.

9 Financial Aid Summary Students who enroll at FWBBC have access to extensive pools of financial aid. The following figures show the amount of aid the college awarded to students in the past five years. *This total reflects additional aid awarded after information was submitted for the Digest of Reports.

10 Top Churches - $3,000 or more Horse Branch Free Will Baptist Church Donelson Free Will Baptist Church Unity Free Will Baptist Church Lebanon Free Will Baptist Church Prospect Free Will Baptist Church Bethel Free Will Baptist Church Cofer s Chapel Free Will Baptist Church New Hope Free Will Baptist Church Sciotodale Free Will Baptist Church Immanuel Free Will Baptist Church Ebenezer Free Will Baptist Church Bethel Free Will Baptist Church Bethany Free Will Baptist Church Red Bay Free Will Baptist Church Ashland City Free Will Baptist Church Ina Free Will Baptist Church Head s Free Will Baptist Church Garner Free Will Baptist Church Sherwood Forest Free Will Baptist Church Bethlehem Free Will Baptist Church Peace Free Will Baptist Church Cross Timbers Free Will Baptist Church Fellowship Free Will Baptist Church Liberty Free Will Baptist Church Mt. Elon Free Will Baptist Church First Original Free Will Baptist Church Temple Free Will Baptist Church Ryanwood Fellowship FWB Church First Bible Free Will Baptis Church Piney Grove Free Will Baptist Church Rocky Pass Free Will Baptist Church Woodbine Free Will Baptist Church Patmos Free Will Baptist Church Oakwood Free Will Baptist Church Westerville Free Will Baptist Church Zephyr Hills Free Will Baptist Church Porter Free Will Baptist Church Tupelo Free Will Baptist Church Northport West Wayne Free Will Baptist Church Fellowship Free Will Baptist Church Oak Ridge Ballew s Chapel Free Will Baptist Church Westside Free Will Baptist Church Victory Free Will Baptist Church Good Springs Free Will Baptist Church Pardue Memorial Free Will Baptist Church Glasgow Arnold View Free Will Baptist Church Oak Grove Free Will Baptist Church Peace Free Will Baptist Church Albany, Georgia Turbeville, South Carolina Nashville, Tennessee Russellville, Arkansas Greenville, North Carolina Effingham, South Carolina Dunn, North Carolina Kinston, North Carolina Nashville, Tennessee Joelton, Tennessee Portsmouth, Ohio Durham, North Carolina Glennville, Georgia Ashland City, Tennessee Timmonsville, South Carolina Red Bay, Alabama Ashland City, Tennessee Ina, Illinois Cedar Hill, Tennessee Garner, North Carolina New Bern, North Carolina Ashland City, Tennessee Wilson, North Carolina Florence, Alabama Nashville, Tennessee Park Hills, MO Mountain Grove, MO Marion, North Carolina Dothan, Alabama Pamplico, South Carolina Jacksonville, North Carolina Bristol, Virginia Greenville, North Carolina Jesup, Georgia Washington, North Carolina Vero Beach, Florida New Castle, Indiana Chipley, Florida Marion, North Carolina Nashville, Tennessee Leary, Georgia Woodlawn, Tennessee Westerville, Ohio Richmond, Virginia Asheville, North Carolina Wheelersburg, Ohio Tupelo, Mississippi Northport, Alabama Wayne, Michigan Kingsport, Tennessee Oak Ridge, Tennessee Grubbs, Arkansas Johnsonville, South Carolina Goldsboro, North Carolina Pleasant View, Tennessee Clarksville, Tennessee Glasgow, Kentucky Marion, Illinois Greeneville, Tennessee Florence, South Carolina $26, $23, $20, $20, $16, $15, $15, $14, $11, $10, $10, $9, $8, $8, $7, $7, $7, $7, $6, $5, $5, $5, $5, $5, $5, $5, $5, $5, $4, $4, J$4, $4, $4, $4, $4, $4, $4, $4, $4, $4, $4, $4, $4, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3, $3,040.00

11 In Memorium Dr. L. C. Johnson

12 FWBBC Toll free Fax West End Avenue, Nashville, TN 37205