ANNUAL REPORT 2020-2021
CONTENTS 4 Presidential Update 5 Leadership Team 6 Board of Regents 7 Student Achievement 8 COVID-19 9 Excellence in Research 10 Faculty Innovators 11 Barry Goldwater Scholarship 12 EKU Advantage 13 Athletics 14 ASUN Conference 15 BookSmart 16 Corporate Partnerships 17 Service to Veterans 18 Commitment to Diversity, Equity and Inclusion 19 Spring 2021 Graduation 20 Graduation by the Numbers 21 Kit Carson Commons 22 2021-22 Focus on Excellence 23 Eastern Innovates, Strategic Plan 24 Employee Investment 25 Giving Day 26 Biggest Giving Year for Fundraising 27 Exceptional Eastern Experience (E3) 29 Financial Statement
PRESIDENTIAL UPDATE We have so much to celebrate at Eastern Kentucky University. Through challenging times, our mission as a School of Opportunity has only grown stronger and more significant. We remain focused on providing the opportunity of education to thousands of students, creating and innovating new opportunities for our institution and leading the way in eliminating barriers that stand in the way of student success. We implemented the EKU Advantage initiative last year as our promise to keep higher education affordable and accessible to any student who seeks it. We launched the innovative and unique EKU BookSmart program this fall, where all undergraduate students receive their textbooks and course materials at no cost to them. With the return of students on campus for the fall semester, we’re providing an Exceptional Eastern Experience with enhanced opportunities for students to connect with each other and the campus community. You’ll read more about these and other highlights from the past year throughout this report. The next chapter for EKU is an unwavering commitment to excellence. We will be intentional, purposeful, adaptable and responsible, while never losing sight of our purpose and goals. We will look closely at the opportunities and challenges that lie before us and think broadly about the strategies, solutions and tactics in which we can differentiate and accelerate this institution. We will build on the basis of knowledge, create an environment where intellectual creativity thrives, and engage students in a transformational college experience. As we move forward in a new academic year, I’m excited about the future of Eastern Kentucky University. Not only will we endure and persevere through any challenge, but we will thrive together as One Eastern. Thank you, for being on this bold journey with Eastern Kentucky University. One Eastern,
David T. McFaddin President
$580 M 4
EKU annual economic impact to the local, regional, and state economy.
LEADERSHIP TEAM
Dr. David T. McFaddin President and Chief Executive Officer
Dr. Sara L. Zeigler Provost and Senior Vice President for Academic Affairs
Dr. Tanlee Wasson Senior Vice President for Student Success, Engagement, and Opportunity
Matt Roan Vice President and Director of Athletics
Colleen Chaney Chief of Staff and Chief Communications Officer
Dana Daughetee Fohl University Counsel
Betina Gardner Vice President for University Development and Alumni Engagement
Dr. Dannie Moore Vice President for Student Life and Chief of Diversity, Equity, and Inclusion Officer
Dr. Ryan Wilson Executive Director, Office of the President
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Barry D. Poynter Senior Vice President for Finance and Administration
Ethan Witt Assistant Vice President, Government and Community Relations
BOARD OF REGENTS
Lewis Diaz Chair, EKU Board of Regents
Alan Long Vice Chair, EKU Board of Regents
Dr. Jason Marion Secretary, EKU Board of Regents
Laura Babbage Member, EKU Board of Regents
Juan Castro Member, EKU Board of Regents
Michael Eaves Member, EKU Board of Regents
Lynn Taylor Tye Member, EKU Board of Regents
Vasu Vasudevan Member, EKU Board of Regents
Ashley W. Ward Member, EKU Board of Regents
Jeremiah Duerson Staff Representative, EKU Board of Regents
Jenna Grace Smith Student Representative, EKU Board of Regents
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STUDENT ACHIEVEMENT After enrollment challenges in consecutive years, EKU’s freshman class is up 10 percent over last year’s class, and enrollment figures are trending upward. EKU doesn’t charge an application fee, and a new scholarship model introduced last year takes the guesswork out of what students have to do to be eligible for scholarships. Students with a 3.8 unweighted high school grade point average and a 28 ACT are eligible for a full tuition scholarship, while those who don’t have a qualifying ACT score still get $6,000 per year. For high achieving students under a 3.8 GPA, there are two additional scholarship tiers, and all Madison County students get $1,000 tuition scholarship regardless of GPA or test scores as part of the Madison County Promise. EKU was the only school in the commonwealth to have a positive enrollment in FY22.
GLOBAL
62%
Students come from all 50 states and 52 countries.
PRACTICAL
3 years after graduation, 62% of EKU bachelor's grads are employed in Kentucky — the highest rate among KY's public institutions.
REWARDING
EKU awarded more than $38 million in scholarships and fellowships to deserving students in 2020-21.
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COVID-19 When the COVID-19 pandemic made it untenable for Eastern Kentucky University to continue on with normal operations, we were able to pivot in March 2020 to a different model of instruction delivery in a very short period of time. By Fall 2020, EKU was able to return to an on-campus learning environment with the help of dozens of dedicated employees and our incredible faculty so that we could give our students the best possible EKU experience. During that time, contact tracers, faculty and staff were able to work together and take care of each other, which resulted in zero transmissions of COVID-19 in a learning environment on campus. Because of the work of our contact tracers and the cooperation of students and employees, we were able to have a successful fall and spring semester.
Find out more at staywell.eku.edu
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EXCELLENCE IN RESEARCH The most recent honor among many for EKU associate professor Dr. Jason Marion comes for his work in water purification research to help low-resource countries like Kenya and rural counties in Kentucky. Marion won the 2021 Global Health and Innovation Conference (GHIC) Innovation Prize in May. He won the $2,000 prize for his development of “ColiGlow: A Novel Low-Cost Kit for Quantifying E. coli from Water in Low-Resource Environments.” Marion teaches and conducts research in Environmental Health Science at Eastern Kentucky University, and is the founder and CEO of Eastern Scientific. “Throughout the process, I was honored to be even a semi-finalist and eventually a finalist for the recognition, let alone the winner. The recognition is rewarding and immensely humbling,” Marion said. Dr. Lindsay Cormier, associate professor of biological sciences, and Dr. Margaret Ndinguri, associate professor of chemistry are on the cusp of creating a drug that would be considered revolutionary in reproductive cancer diagnostics and treatments. Cormier and Ndinguri discovered a chemical compound targeting specific types of cancers. One cancer among many their drug might treat is triple-negative breast cancer, one of the most prevalent forms of breast cancer in young women aged 20-34, contributing to 56 percent of African American and 42 percent of white women breast cancer cases.
FACULTY INNOVATORS Eastern Kentucky University is proud to announce its four newest Faculty Innovators to its Faculty Innovator program. The Faculty Innovator Program is a premier leadership and service opportunity at EKU.
Mr. Kyle Knezevich, College of STEM
Mr. Kyle Knezevich is an assistant professor of aviation. His students create a virtual airline from the ground up, using a combination of course materials and an online airline management software platform. Students learn to debate and think critically as they present their work, and even compete with other groups’ airlines.
Dr. Laurel Schwartz, College of Health Sciences
Dr. Laurel Schwartz is an associate professor of public health. Her students have created theory-informed radio ads in partnership with the Madison County Health Department, allowing them to put health behavior theory into practice for public health in a creative way.
Dr. Jose Juan Gomez-Becerra, CLASS
Dr. Jose Juan Gomez-Becerra is an assistant professor of Spanish. He incorporates culturally responsive strategies in his classes regularly. Working across disciplines, his Latinx studies class collaborated with Communications to develop a series of audio-texts and a special edition of the Eastern Progress for the Latinx heritage month.
Dr. Cindy Tran, College of STEM
Dr. Cindy Tran is an assistant professor of chemistry. She uses scaffolded group discussions to deliver course content, placing students in teams of 3-4 for the duration of the semester. These teams work together to process concepts and help each other learn.
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BARRY GOLDWATER SCHOLARSHIP Eastern Kentucky University Chemistry major and honors program student Andrew Elliott has been named a winner of the Barry Goldwater Scholarship. Elliott is the fifth Goldwater winner in the university’s history, and the second in the last three years. The Barry Goldwater Scholarship is the most prestigious nationally competitive undergraduate scholarship program in the United States for students aiming at careers in the natural sciences, math, and engineering. Elliott, a non-traditional student and current head tutor for EKU’s Chemistry department, is the only winner this year from any regional comprehensive university in Kentucky. “When my mentor, Dr. Margaret Ndinguri, suggested that I would be a strong Goldwater candidate, I thought that she was mistaken,” Elliott said. “I applied nonetheless, and obviously I’m happy that I did. I hope that my example will show other non-traditional students that they can perform at a high level in college. I hope that they will see this and realize that they shouldn’t be intimidated by change.” Last year, Elliott became the first recipient of EKU’s Richard and Mary Steele Memorial Fund Scholarship, which helped him focus on his research and his studies while also being a husband and father. His recent focus has been on researching novel coumarinoids to help develop therapeutics that could help cancer patients.
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EKU ADVANTAGE Since its establishment well over a century ago, Eastern has rightfully prided itself as a School of Opportunity, where high-quality higher education is accessible and affordable. EKU’s commitment to educating Kentuckians and all students will not waver. In an effort to help students find a clear and affordable path to a degree, EKU is proud to offer the EKU Advantage, a toolbox of incentives, scholarships and initiatives designed to help students with educational attainment. We’ve waived application fees, and test scores are now optional. We have created an easy-to-follow scholarship model that only includes test scores at the highest level. If you live on campus, you can still take online classes at the same price, and so much more. We’re partnering with the nonprofit and corporate sectors to bring educational opportunities to as many people as possible. Find out more at advantage.eku.edu.
WAIVED APPLICATION FEES
TEST SCORES OPTIONAL
SCHOLARSHIPS
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ONLINE PROGRAMS
ATHLETICS Billie Clark was nominated for 2021 NCAA Woman of the Year Award. In addition to playing soccer, Clark spent numerous hours working as an EMT, performing community service events and holding leadership positions. The NCAA Woman of the Year program celebrates the accomplishments of female college athletes across all three NCAA divisions.
The Eastern Kentucky University softball team won its first Ohio Valley Conference Championship since 2004 with a 5-4 win over Southeast Missouri State in the championship game. With the win, the Colonels secured an automatic bid to the NCAA Tournament where they competed in the Knoxville Regional with No. 9 Tennessee, Liberty and eventual NCAA semifinalist James Madison.
Eastern Kentucky University’s All-Girl and CoEd cheer teams both took first place in their respective divisions in the 2021 UCA College Virtual National Championships. The EKU All-Girl squad won the All-Girl Division I title, while the CoEd team won the Small CoEd Division I championship.
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Eastern Kentucky University and all 16 of its athletics teams officially joined the ASUN Conference on July 1, 2021. During the 2020-21 season, the ASUN qualified multiple teams for national postseason tournaments in six sports and conducted 22 conference championships. In addition, more than 70 percent
EKU ATHLETIC TEAMS JOINED ASUN JULY 1, 2021
of ASUN student-athletes have earned a 3.0 GPA each of the past four years. EKU recognized that the conference lives by its Beams of STUDENTS FIRST, RISE, CONNECT and IMPACT. These values drive conference decision-making and Eastern Kentucky shares that commitment to the ASUN Beams.
OF TOP-80 FEATURED MEDIA MARKETS IN NATION
The ASUN’s geographic footprint has expanded to seven states and now features 12 of the top-80 media markets in the nation.
NEARLY
Membership in the ASUN Conference gives EKU a strong footprint in a region that is growing. The partnership will offer access to prospective students, alumni and donors. Nearly 100,000 Eastern Kentucky University alumni live in the ASUN footprints.
ALUMNI LIVE IN ASUN FOOTPRINT
BOOKSMART New for Fall 2021, the EKU BookSmart program at Eastern Kentucky University supplied more than 10,000 Big E Boxes containing free textbooks and course materials for every undergraduate student enrolled in the Fall 2021 semester during its Big E Welcome week. “Seeing row after row of Big E Boxes filled with free textbooks and materials provided by our BookSmart program strongly reminded me of how important free textbooks are to our students. Every box represents an opportunity. It is essentially a scholarship for every EKU undergraduate student. Through BookSmart, students know they have more money for basic necessities, have important learning tools they need to learn and grow at Eastern from day one, and that we are investing in their success in a real way,” said EKU President Dr. David McFaddin. The BookSmart Program represents a direct investment in student success and removes a critical barrier for undergraduate students who may not otherwise be able to afford to go to college or may face food insecurity or other financial challenges while working toward their degree. “It feels like a reward. Attending a university that strives to help students achieve their dreams in any way they can, is simply a reward,” said Kaitlyn Ritchie, an Elementary Education major from Paris. Big E Boxes with BookSmart books and materials were stacked up by the hundreds in Alumni Coliseum and were delivered starting Aug. 9. Part of the EKU Advantage, BookSmart is just one of EKU’s signature programs that invests in students to improve students’ success and outcomes.
CORPORATE PARTNERSHIPS The EKU Advantage includes benefits for everyone, including EKU’s corporate and nonprofit partners. Our partner companies and nonprofits get generous tuition reductions and locked-in rates for their employees or member employees. As the School of Opportunity, EKU values education, and we strongly believe that we can advance communities through the power of an EKU education. By partnering with the public and private sectors, employees can improve their value and better support their families and communities with a certificate, an undergraduate degree or an advanced degree. With partners like Google, the Kentucky League of Cities, the Kentucky Association of Counties, Central Bank, Hyster-Yale, Fayette County Public Schools and so many others, we are empowering employees and providing valuable education to employers.
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SERVICE TO VETERANS 2021 marked another year of recognition of EKU’s outreach and service to student veterans and their families with a number of national top rankings for universities. EKU earned a Top Ten ranking, the highest possible, from Military Friendly® in the Large Public category. EKU received a Gold ranking last February, but several veteran and military student-focused initiatives in the last two years moved EKU into the Top Ten. EKU is the only university in Kentucky to earn Top Ten distinction in this category for the 2021-22 rankings released recently by Military Friendly® and the organization also recognized EKU as the first and only public Kentucky University to receive a Friendly Spouse School designation. Schools that make this list are considered at the forefront of supporting the goals of military spouses. Additionally, EKU ranked in the Top Ten for the 2021 Military Times Best for Vets, ranking ninth overall and the highest in Kentucky and Appalachia. In August 2020, EKU unveiled its state-of-the-art veterans center dedicated specifically to veteran and military students. Veteran & military students represent approximately 11% of EKU’s total enrollment.
COMMITMENT TO DIVERSITY, EQUITY AND INCLUSION Under the leadership of Dr. Dannie Moore, EKU is focusing on a series of initiatives that promote diversity, equity, and inclusion (DEI). In collaboration with academic affairs, student life, alumni, and several other areas of campus, DEI initiatives are designed to intentionally provide opportunities for education, growth, conversation, and excellence among members of the University community. EKU scored highest in Kentucky on CPE Diversity Report • African/African-American Studies housed in Beckham Hall, a newly expanded space; created The Center for Africana Engagement and Mentoring • Created the DEI Virtual Workshop/Training Series • Created and Piloted DEI Search Committee Training • Creation of a new position: DEI Advisor to the Provost • NPHC Divine 9 Plaza added to Carloftis Gardens • Diversity session added to New Student Orientation • Creation of the KY Center for Equity & Excellence • Dinsmore Pre-Law Minority Program (7 of the 15 spots are EKU students)
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SPRING 2021 GRADUATION Commencement is a time for celebration as Colonels mark the completion of their hard-earned degrees and begin a new chapter in their journeys. In May, we celebrated the classes of 2021 and 2020 alongside their friends and families in outdoor commencement ceremonies at Roy Kidd Stadium. The 2021 graduating class of nearly 2,300 Colonels had a 3.4 average GPA and represented 22 countries, 43 states and more than 100 Kentucky counties. Further breaking barriers, 38 percent of EKU’s graduating class were first-generation graduates—the first in their family to attain a highereducation degree. EKU awarded 98 certificates, 63 associate degrees, 1,665 bachelor’s degrees, 421 master’s degrees, 25 post-master’s certificates and 30 doctoral degrees. Among the top awarded degrees were: communication disorders, nursing, criminal justice, psychology and occupational safety.
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2 021
EASTERN KENTUCKY UNIVERSITY
GRADUATION BY THE NUMBERS
3.40
PELL RECIPIENTS 39% of this year’s graduating class were Pell recipients or Pell eligible.
ACHIEVEMENT EKU students graduate with an average GPA of 3.40. 63 Associate Degrees 1,665 Bachelor’s Degrees 98 Certificates
25 Post-Master’s Certificates
421 Master’s Degrees
2,292 GRADUATES
30 Doctoral Degrees
KY’S UNIVERSITY 3 years after graduation, 62% of EKU bachelor’s grads are employed in Kentucky — the highest rate among KY’s public institutions.
DIVERSE EKU’s class of 2021 hail from 22 countries, 43 states and 108 Kentucky counties. They range in age from 18 to 69.
UNOFFICIAL SPRING 2021 DATA
EMPLOYMENT 6 months after graduation, 77% of EKU graduates are employed full time, 59% within their field of study.
FIRST GENERATION
EARNINGS 6 months after graduation, EKU graduates earn an average of $50,000.
38% of EKU’s class of 2021 are the first in their family to attain a higher education degree.
TOP DEGREES AWARDED SATISFACTION 6 months after graduation, 94% of EKU graduates report being satisfied with their career choice.
COMMUNICATION DISORDERS
NURSING
CRIMINAL JUSTICE
PSYCHOLOGY
OCCUPATIONAL SAFETY
KIT CARSON COMMONS On the south end of campus, construction is nearly complete on the Kit Carson Commons, which will provide housing assistance and supportive services for low-income, single-parent veterans and low-income single parents who are pursuing higher education. This type of housing is a crucial component of being the School of Opportunity because it provides quality, affordable housing to a group of students and potential students who might not otherwise be able to pursue an undergraduate or advanced degree without this particular type of housing. The plan is for the new solar array built next to Lancaster Avenue near the Commons to power the electrical needs of Kit Carson Commons, making the complex energy neutral.
2021-2022 FOCUS ON EXCELLENCE Eastern Kentucky University is turning its focus to Excellence in everything we do. Our focus from the president, the president’s council, to every faculty and staff member of this institution is to commit to a unified focus on excellence in every facet of our work this new academic year. We have a renewed sense of purpose, an energized Colonel spirit, and a greater appreciation for the value of the on-campus experience. We realize that everything we do affects each student’s Eastern experience. We must unite as One Eastern and move forward with excellence in all that we do. Our commitment to excellence will not only transform lives and provide countless opportunities, but will propel EKU forward as a premier choice for higher education.
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EASTERN INNOVATES Eastern Innovates is a series of surveys seeking ideas for innovation and improvement at the University. The Eastern Innovates surveys ask employees to submit ideas about a specific topic. The topic in March was student recruitment, in April employee engagement, and in June student engagement. The submissions are analyzed for recurring ideas. The University will work toward addressing the ideas/themes, and the ideas will be delegated by the president’s council to the appropriate vice president’s area. Those employees who submitted responses related to the chosen ideas/themes receive a meal swipe for EKU Dining.
STRATEGIC PLAN As we near the end of our 2015 to 2022 strategic plan, the steering committee has been working diligently to craft a bold plan for EKU that will begin next fall, in 2022. Building upon our mission as a School of Opportunity, the 20222030 strategic plan puts a new emphasis on excellence in everything we do. Our emphasis will be on Knowledge, Innovation and Transformation, otherwise known as our KIT. While the strategic plan is succinct, it is a powerful tool to guide us into the next chapter of Eastern Kentucky University.
Learn more at strategicplanning.eku.edu 23
$1,000
ON TOP OF BASE SALARY FOR QUALIFYING EMPLOYEES
BONUS
EMPLOYEE INVESTMENT The University has invested time, money and effort over the course of the last decade revitalizing many areas of the Campus Beautiful in order to give our students the best possible EKU experience. Those investments were crucial, and have given the University a modern feel, while maintaining our unique historic feel. Now we must invest in our employees in the same manner. Last fiscal year, as part of an investment campaign into our employees, every qualifying employee received a $1,000 bonus on top of their base salary as an investment and a thank you for all of the challenging work we have done as an institution to give our students the best possible experience, while keeping everyone safe and well during the pandemic. To further that investment, this year, the one-time bonus from last year has become a permanent addition to the base salary of every qualifying employee.
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GIVING DAY Eastern Kentucky University’s Office for Development and Alumni Engagement had a record-breaking year raising a record-breaking $9,968,280 in total commitments this fiscal year. While the total number of pledges were slightly lower, the average pledge amount increased, and cash gifts increased by a significant amount totaling more than $6.7 million. Another increase in cash donations this year was due to the success of the second Giving Day on April 14, 2021, which also broke records. The 1,000donor goal for the day was greatly surpassed and nearly doubled with 1,997 gifts totaling more than $325,000. We turned the map maroon with donations pouring in from all fifty states. That included more than $110,000 in challenge gifts and 499 first-time donors. The total number of scholarships awarded increased from 1,797 to 1,995 with a total distribution of $1,341,889. Each scholarship provided represents a student who is now one step closer to completing their degree and giving back to their community. The endowment, which produces most of those scholarship dollars, was at a record high $92.2 million as of June 30, 2021.
$9,968,280 1,995 499
TOTAL COMMITMENTS THIS FISCAL YEAR
SCHOLARSHIPS AWARDED
FIRST-TIME DONORS 25
BIGGEST GIVING YEAR FOR FUNDRAISING Eastern Kentucky University announced it received its single largest gift in the school’s history today, more than $2.5 million left by Karen Ann Hawkins, who passed away last November. The University honored Hawkins and her bequest with a memorial celebration in her hometown of Lawrenceburg on July 12. President Dr. David McFaddin and many of Eastern’s leaders met with Hawkins’ friends and family to celebrate her life and her legacy at EKU. “Eastern Kentucky University has an enduring legacy of impact on this state and its people. Karen Ann Hawkins and her incredible gift are proof that EKU is more than just a place where you come to get a degree. It’s a place where you can transform your life, and in her case, transform the lives of so many with her incredible gift,” McFaddin said. Hawkins, 75 at the time of her passing, was a 1968 graduate of Eastern Kentucky University and a 1963 graduate of Anderson County High School. She carried a quiet love for the University since her graduation, her family said. Hawkins was a retired program analyst for Medical Assistance for the Commonwealth of Kentucky. She remained in her hometown of Lawrenceburg her entire life.
EXCEPTIONAL EASTERN EXPERIENCE Expanding on continued traditions and events, Eastern Kentucky University launched the Exceptional Eastern Experience (E3) this fall. E3 includes a cohesive, inclusive and engaging line up of student events, programs and activities that involve all facets of the university and the local community. In August, E3 started with the Big E Welcome. New students were greeted and welcomed to the Colonel family as they walked through the symbolic Turner Gate. Before classes started, freshmen to seniors converged for the Powell Palooza welcome back party. Several other events, like bingo and cornhole tournaments offered opportunities for students to meet their fellow classmates, get acquainted on campus and participate in long-standing Colonel traditions. E3 continues throughout the semester, with Rec the Ravine, City Fest, Football Gameday Experience, Homecoming and Fright Nights, among other signature events. The EKU Center for the Arts serves as a hub for students to engage in arts-related E3 programming, such as EKU Theater productions, performances by the Music Department, Giles Gallery art exhibits and the Live Concert Series. The E3 initiative also involves student organizations and leadership development opportunities, further contributing to student growth and learning.
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FINANCIAL STATEMENT EASTERN KENTUCKY UNIVERSITY
MANAGEMENT’S DISCUSSION AND ANALYSIS YEARS ENDED JUNE 30, 2021 AND 2020 —————————————————————————————————————————————————————————————— FINANCIAL HIGHLIGHTS At June 30, 2021, Eastern Kentucky University’s financial position increased as reflected in the Statement of Net Position. • Total assets increased by $12.2 million to $648.6 million at June 30, 2021, compared to $636.4 million at June 30, 2020. The major factors affecting this include an increase in cash and cash equivalents of $19.8 million and an increase in investments of $5.2 million, offset by a decrease in capital assets net of depreciation of $13.9 million. • Overall liabilities decreased by $71.9 million to $403 million at June 30, 2021, compared to $474.9 million at June 30, 2020. This decrease is primarily the result of a $68.4 million decrease in Net Pension and OPEB Liability. • Total net position at June 30, 2021 increased $121.7 million to $79.8 million. The greatest factor affecting this increase was a decrease in Net Pension & OPEB Liability.
$12.2 MILLION
INCREASE IN TOTAL ASSETS
$71.9 MILLION
DECREASE IN LIABILITIES
$121.7 MILLION TOTAL NET INCREASE 29
OPERATING REVENUES Tuition and fees – net Federal grants and contracts State grants and contracts Nongovernmental grants, contracts, and gifts Sales and services of educational activities Auxiliary enterprises – housing Auxiliary enterprises – other Other operating revenues Total operating revenues
2021
2020
$ 80,776,221 18,401,996 8,269,097 3,090,810 6,198,181 11,923,643 3,163,341 8,124,895 139,948,184
$ 87,266,314 23,415,330 11,973,210 3,449,564 5,619,787 10,433,792 4,208,494 10,519,818 156,886,309
OPERATING EXPENSES Educational and general Instruction Research Public service Libraries Academic support Student services Institutional support Operations and maintenance of plant Depreciation Student financial aid Auxiliary enterprises Housing and other auxiliaries Depreciation Pension expense adjustments OPEB expense adjustments Other operating expenses Total operating expenses
79,325,338 664,361 23,145,752 3,118,843 18,847,374 17,565,002 26,839,595 24,225,820 17,358,355 23,581,098
79,647,546 699,890 32,870,585 3,430,014 19,058,748 17,603,915 26,066,038 28,500,304 18,718,678 23,628,705
17,147,909 5,626,031 (96,856,095) (6,704,902) 1,861,664 155,746,145
18,170,907 4,172,476 (61,878,896) (3,079,717) 2,349,995 209,959,188
Operating loss
(15,797,961)
(53,072,879)
NONOPERATING REVENUES (EXPENSES) State appropriations Federal and state grants and contracts Investment income Interest expense Other nonoperating revenues Other nonoperating expenses Net nonoperating revenues
63,902,300 61,246,895 5,233,243 (3,458,309) 7,569,795 (251,677) 134,242,247
63,753,600 50,767,610 1,495,115 (3,998,845) 7,530,550 (143,700) 119,404,330
Gain (loss) before capital appropriations
118,444,286
66,331,451
3,268,619
1,165,463
Change in net position
121,712,905
67,496,914
Net position – beginning of year
(41,848,085)
(109,344,999)
Capital appropriations
Net position – end of year
$ 79,864,820
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$ (41,848,085)
Eastern Kentucky University is an Equal Opportunity/Affirmative Action employer and educational institution and does not discriminate on the basis of age (40 and over), race, color, religion, sex, sexual orientation, gender identity, gender expression, pregnancy, ethnicity, disability, national origin, veteran status, or genetic information in the admission to, or participation in, any educational program or activity (e.g., athletics, academics and housing) which it conducts, or in any employment policy or practice. Any complaint arising by reason of alleged discrimination should be directed to the Office of Equity and Inclusion, 416 Jones Building, CPO 37, Eastern Kentucky University, 521 Lancaster Avenue, Richmond, Kentucky 40475-3102, (859) 622-8020 or the Assistant Secretary for Civil Rights, U.S. Department of Education, Office for Civil Rights, Lyndon Baines Johnson Department of Education Building, 400 Maryland Avenue, SW, Washington, DC. 20202 1-800-421-3481 (V), 1-800-877-8339 (TDD). Five-year employment rate reported by Kentucky Center for Education and Workforce Statistics, 2014. 2021_PresidentAnnualReport_MT08