Messiah College President's Report 2007

ASSETS Cash and cash equivalents Notes and accounts receivable, net Interest receivable Inventories Prepaid expenses and other assets Investments Assets Held in trust Loans receivable – students Deposits with trustee under debt agreements Funds held in trust by others Property and equipment, net Total assets Fiscal Year 2007 $ 26,251,024 1,540,207 297,548 517,779 590,808 133,846,947 26,195,012 2,831,627 1,306,629 4,415,088 111,291,946 $309,084,615 Fiscal Year 2006 25,232,852 1,823,236 721,732 656,798 526,920 119,511,508 22,747,572 2,872,617 1,357,439 3,937,633 111,011,705 290,400,012 LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued expenses Student deposits Funds held in custody for others Deferred revenue Annuities payable Funds held in trust for others Long-term debt U.S. government grants refundable Other Liabilities Total liabilities Net assets: Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets Fiscal Year 2007 $ 5,897,142 1,229,661 240,222 359,025 20,105,115 3,192,799 62,459,982 2,442,362 1,826,549 97,752,858 Fiscal Year 2006 4,946,005 1,010,779 268,699 416,608 19,665,985 2,688,482 64,885,516 2,473,108 1,753,454 98,108,636 THE TERRY L. STOUDNOUR AWARD The story behind the scholarship: The Department of Education created this endowed fund in honor of Terry Stoudnour, who taught at Messiah for over 30 years, retiring from full-time teaching in 2004. The endowed scholarship stands as a tribute to Professor Stoudnour’s outstanding commitment to the College and to his legacy as an educator. Former students were the primary contributors to this fund, commemorating his contributions to their personal development. What does this scholarship mean to you? 172,843,199 18,147,731 20,340,828 211,331,757 $309,084,615 160,212,784 13,537,158 18,541,434 192,291,376 290,400,012 MESSIAH COLLEGE NET ASSETS FY97 TO FY07 (in millions of dollars) 250 200 150 100 50 0 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 PERMANENTLY RESTRICTED TEMPORARILY RESTRICTED UNRESTRICTED NET ASSETS Applying for the award “prompted me to answer some important questions about my teaching career. I wrote an essay on what makes an outstanding teacher, as well as why I wanted to become a teacher. These issues were ones I had not thoroughly considered. . . . When I first heard that I’d received the Terry L. Stoudnour Award, I was surprised and thrilled.” — Elizabeth (Brotzman) Sperlich graduated in May 2007 with a degree in English education. Elizabeth (Brotzman) Sperlich ’07 (center) is pictured with Terry L. Stoudnour (left), professor emeritus of education, and his wife, Donna. 25 http://www.messiah.edu/teacher/scholarships.html http://www.messiah.edu/departments/education/

Table of Contents Feed for the Digital Edition of Messiah College President's Report 2007

Contents An Education of Distinction A Rigourous Education of Distinction Articles A Visionary Education of Distinction Articles A Faith-Infused Education of Distinction Articles Sustaining an Education of Distinction Financial Reports/Volunteer Leader Appreciation Donor Recognition Messiah College at a Glance Meet Our Students A Mission of Distinction A Year in Photos

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