Possibilities: Annual Report 2018

Possibilities ANNUAL REPORT 2018

HARCUM COLLEGE

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ACADEMIC EXCELLENCE

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STUDENT SUPPORT

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DIVERSITY

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FA C I L I T I E S

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EXPERIENCES

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COMMUNITY

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OUTCOMES

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ALUMNI

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FINANCIALS

Front Cover: Jordyn Austin and Joshua Mason. Inside Cover: A Spring 2019 Open House student volunteer, Samely Aguilera.

FROM THE PRESIDENT An investment in a college education continues to be a sound choice for Harcum graduates. Each year hundreds of our alumni enter the world of work in professions that pay living wages. Armed with degrees in careerready fields, they are positioned to support families and contribute to their communities and to society. Our graduates also have to opportunity to seamlessly transfer to a four-year institution to obtain bachelor’s degrees without incurring the expense of four years’ tuition at a four-year private college.

One reason for our graduates’ success is that Harcum consistently and continuously invests in our students and alumni. As you survey the pages of this annual report, you will note that during the 2017–18 fiscal year, our investments have ranged from improvements to the curriculum such as launching new programs to obtaining more student scholarship dollars from foundations never before cultivated.

We have also invested in increasing accessibility to higher education through our partnership with I-LEAD, Inc., and through creating and preserving dozens of articulation agreements. We developed a new Academic Internship program to give non-allied health majors high-impact on-the-job experiences more comparable to clinical rotations in the health care fields.

We also offer several annual programs to help alumni maintain their certifications and licenses through our Department of Professional and Continuing Studies such as PTA Clinician Appreciation Day and the Dental Expo.

Every successful graduate helps increase the value of a degree from Harcum College. Simply put, there is no better investment for our resources than our students.

Best wishes,

Jon Jay DeTemple, Ph.D.

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Academic Excellence

The fields of photography and digital design are critically important in the era of new media.

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PHOTOGRAPHY AND DIGITAL DESIGN JOIN ART & DESIGN CENTER PROGRAMS Harcum College committed to introducing new programs in Photography and Digital Design in 2018. The fields of photography and digital design are critically important in the era of new media since images and design are a universal and ubiquitous language that organizations and brands need to reach audiences.

The programs were reinitiated after the Antonelli Institute closed. The Antonelli Photography program had an 80-year history, full of career stories sparkling with professional success. Likewise, Digital Design graduates had a history of obtaining positions with high-profile companies such as the NFL. Both programs moved to 40 Morris, adjacent to the Bryn Mawr campus, and enrolled students for a Fall 2018 start.

PREP PROGRAM FOR CERTIFYING EXAM YIELDS EXCEPTIONAL RESULTS Another academic success story is the VTNE Prep program, an intensive two-day preparation seminar, introduced in 2013 by Veterinary Nursing Program Director Kathy Koar. She conceived of this offering to help veterinary nurses graduating from Harcum pass the national exam for certification (CVT). Now in its sixth year, the program is run three times a year, prior to every VTNE test window, and helped spur an increase in pass rates from 52% to 85% in five years, well exceeding the national average of 69%.

Digital Design and Photography students have first-rate studio space where they can hone their skills and prepare for future job opportunities. Top right: Philip Aidoo teaches a MTH 111 class.

NEW MATH STREAMLINES DEVELOPMENTAL COURSES A new college-level math course in Quantitative Reasoning (MTH 111) developed for Fall 2018 helps students demonstrate core mathematical skills in quantitative reasoning, regardless of Accuplacer score. The course does not require any developmental course work and provides a streamlined approach to meeting the core math competency by requiring students to interpret and evaluate information they encounter in everyday life, society, school, and the workplace. Course developer David Weaver, Assistant Vice President of Academic Assessment, said the course helps students across majors make quantitatively-based decisions in their lives.

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Student Support

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increase in Student Success Center use following renovation, including greater use by those enrolled in Harcum’s most competitive majors.

Data obtained by the Herman Miller’s Education Learning Spaces Research Program

STUDENT SUCCESS CENTER EARNS HIGH MARKS FOR FUNCTIONALITY AND ATMOSPHERE Harcum College teamed up with Herman Miller, a national interior design and furnishings company, to create a new Student Success Center (SSC) in Room 101 of the Academic Center—to offer belonging and community where students engage with academic support services.

The renovation came about through Herman Miller’s Education Learning Spaces Research Program.

Harcum was one of a select group of two-year schools in the United States whose application to participate was accepted. Project principals envisioned a refurbished space to better serve student learners.

The result? A multidisciplinary, cross-functional space to serve a range of students that is comfy and productive. The SSC offers a warm, welcoming atmosphere, and has become “the best space on campus for getting work done.”

Students and employees alike are flocking to the newly renovated and redesigned space in the Academic Center.

GRANTS & SCHOLARSHIP ACTIVITY OUTPACING PREVIOUS YEARS Institutional Advancement included stories about the value of a Harcum education in their proposals to foundations interested in advancing Harcum’s priorities.

As a result, submitted proposals increased by 350% over the prior year.

Harcum requested scholarship support and equipment funding to assist students with the cost of their education and to prepare them for in-demand careers.

Community service is an important core value, so Harcum pursued grants for the Dental Hygiene Clinic, which serves 1,000 individuals a year.

The 2017–18 academic year turned out to be an exciting year of “firsts.” Harcum received its first grant to

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INVESTING IN

Student Support

participate in the W.W. Smith Charitable Trust Scholarship Program. The $25,000 gift helped six students with the costs of tuition, room, and board. The Independence Blue Cross Foundation awarded $25,000, the first “Blue Safety Net” grant for the Dental Hygiene Clinic. Lastly, Harcum welcomed the President of the Windmill Foundation to campus for the first time, which resulted in Harcum applying for funding to recruit more international students.

GOLF & TENNIS OUTING INCREASING ENGAGEMENT The 18th Annual Kevin D. Marlo Golf & Tennis Classic held May 22, 2018, at the Llanerch Country Club in Havertown, directly supported the Kevin D. Marlo Scholarship Fund. In addition to a healthy complement of golfers (80) and tennis players (18), an online auction with a record number of donated premium items (72) yielded a record-breaking surplus. To date, the Kevin D. Marlo Scholarship Fund has helped 60 deserving students obtain a Harcum education.

SUPPORTING INCOMING AND OUTGOING STUDENTS Currently, Harcum has articulation agreements with secondary technical schools in Eastern and Central Pennsylvania which grant college credit for specific high-school level courses, should they decide to enroll at Harcum College. The number of credits granted depends on the school program.

Harcum also participates in SOAR, a statewide program that awards college credit for high school/technical school coursework in selected academic programs.

For students heading to a four-year institution, Harcum’s Career and Transfer Services has established articulation agreements with 18 regional colleges and universities and also Dual Admission arrangements to ensure the value of their Harcum education and make the transfer process as seamless as possible.

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CAREER CORNER AND T.I.E.S. Located on the first floor of the the Academic Center, the Career Corner offers a space for students to independently research job postings, career articles, and engage in Career & Transfer related activities. Also in Fall 2017, Student Life administrators created the Teaching Inspiring Employment Strategies or (T.I.E.S) program to provide practical lessons on work attire, professional headshots, as well as exposure to the newly redesigned career closet.

The Kevin D. Marlo Scholarship Fund has helped 60 deserving students obtain a Harcum education.

Priscila Fiorda ’19, OTA, São Paulo, Brazil

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INVESTING IN

Diversity

The student body may be small, but it’s large in diversity. The College was host to 55 international students from 16 different countries.

Opposite page, middle right: The Partnership Sites administrators, program directors, and staff.

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In collaboration with I-LEAD, Inc., Harcum College has made higher education available in some of the region’s most challenged communities.

PARTNERSHIP SITES: CONVENIENT, AFFORDABLE HIGHER EDUCATION Through the Partnership Sites program, in collaboration with I-LEAD, Inc., Harcum College has made higher education available to residents of some of the region’s most challenged communities, such as North Philadelphia, Chester, and Coatesville. With the addition of new sites for Fall 2018, Partnership Sites students had 14 community-based locations throughout Philadelphia and Southeastern Pennsylvania to obtain an associate’s degree through affordable evening classes, two nights per week. Degrees offered include Human Services, Business Management, Criminal Justice, and Early Childhood Education.

PREPARING INTERNATIONAL STUDENTS FOR U.S. LIVING The Center for International Programs welcomed students from 16 countries around the world to pursue studies in a degree program or for English language studies. Center staff assisted international students with immigration and visa advice, as well as pre-arrival planning and academic counseling. Additionally, the Center for International Programs served as a resource for creating diverse cultural programming while integrating international students with the American college student population. The Center also offered year-round classes for au pairs, with the option of taking one or two courses a semester at a reduced rate.

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Facilities

Upgrading existing campus spaces and offering access to the latest technology helps students achieve success.

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HEALTH CENTER RENOVATIONS INCREASED CARE The launch of the 2017–18 school year saw two major improvements for the Student Health Center in Klein Hall. Besides creating more room for patients needing primary care or physical examinations, the addition of the waiting room afforded more privacy. The Center also purchased and implemented an electronic medical record system. As a result 6% more students and faculty (420) were seen than in the previous year, and flu shots were made available to the entire campus community.

NEW COMPUTER LAB RESPONDS TO STUDENT NEEDS In response to resident students desiring more convenient computer access, a new lab equipped with desktop computers, sturdy chairs, and work space was installed in Pennswood Residence Hall, with a Grand Opening in October 2017. The space featured bright and trendy carpeting and furnishings for use by an increasing number of resident students, which spiked to 296 that fall.

TECHNOLOGY AND E-SOLUTIONS INCREASING EFFICIENCY AND ACCOUNTABILITY The Campus Store implemented an updated online adoption tool called “Follett Discover” in April 2018. It allows students to view their registration and purchase textbooks seamlessly. The site contains digital content to provide instant student access, eliminating the need of a PIN or a Passcode, once the textbook has been purchased.

The Facilities Department implemented an online tool called “SchoolDude” to manage maintenance requests on campus. The tool gives faculty and staff the ability to add a request online and track the status of the request as well. School Dude allows maintenance to electronically route jobs to various individuals within their department.

Finally, the IT Department, in conjunction with the Student Accounts Department, installed and configured the PaperCut software on the copier in the Library in October 2017, which allowed the IT Department the ability to track usage by student account information.

By May 2018, the next phase of the project was implemented, assigning students a print allotment to replenish online once funds have been depleted.

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Experiences

Students follow their passion into a profession and often receive job offers before they graduate due to internship and clinical experiences.

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Numerous employers in the pet health care field met with Animal Center Management students at a Career Expo organized by Career & Transfer Services.

CREATING CONNECTIONS FOR STUDENTS TO THE WORLD OF WORK Several programs organized by the Career & Transfer Services Department have blossomed into can’t-miss campus events for career-bound students. These special offerings include career panels for every academic major. A panel of representative employers meets with Harcum students in a relaxed setting and comfortable atmosphere such as the Trout Library or the Kevin D. Marlo Little Theatre. Each event offers a Q&A with the panelists to learn more about their chosen professions and meet-and-greets with potential employers.

Because Harcum confers associate’s degrees, Career & Transfer also sponsors transfer fairs every semester for all students from all locations. Twenty-three colleges came to Bryn Mawr Campus in the fall to meet with 108 students. The largest transfer fair occurred during Spring Semester 2018, when 37 colleges visited campus and 146 students met with representatives from four-year colleges and universities from the Greater Philadelphia area.

CLASSROOM EXPERIENCE + HANDS-ON LEARNING The newly created Academic Internship Program provided six Harcum students representing a range of majors with hands-on real-world learning experiences.

Director Jim Miller’s program structure included an internship preparation seminar in fall semester, followed by completing a credit-bearing internship in spring. Academic interns worked with the Marketing Department at Bryn Mawr Hospital to take patient satisfaction surveys and input them into proprietary software for analysis. One social media marketing major helped the marketing team at Concilio promote the Puerto Rican Pride Day Parade. Another notable internship involved two international students and athletes working at Inspiritech.

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Experiences

ATHLETICS DELIVERS ON ITS MISSION Harcum Athletics continues to carve out its place among the NJCAA’s elite athletic departments by delivering on its commitment to grooming student-athletes and transferring them into four-year programs.

Harcum student-athletes excelled in the classroom, and the 2017–18 year saw a record 21 Harcum studentathletes named to the NJCAA All-Academic Team. These athletes earned two First Team Awards (perfect 4.0 GPA), 11 Second Team Awards (3.8-3.99 GPA), and eight Third Team Awards (3.6-3.79 GPA). The sport breakdown for the awards included three representing women’s soccer, four for men’s soccer, four for volleyball, five for women’s basketball, three for men’s basketball, and two for track & field/cross country. In addition, soccer, women’s basketball, and women’s volleyball teams also received the NJCAA Academic Team Award for having a team GPA over a 3.0, and the men’s basketball team received recognition from the NABC with its Team Academic Excellence Award for a team GPA over a 3.0.

Inherent in a student-athlete’s commitment to play for Harcum is an impressive record of ensuring athletes enter four-year colleges and universities to obtain baccalaureate degrees. All five sophomore men’s basketball players and all seven sophomore women’s basketball players from the 2017–18 season received their associate’s degrees, and all 12 successfully transferred to fouryear institutions to continue their athletic and academic careers, some on full athletic scholarships.

SHOWCASES FOR RESEARCH AND INGENUITY Each year Harcum boasts several events that showcase real-world applications to their Harcum majors. These signature offerings include the Dental Table Clinics, the Fashion Show, and the Interior Design Portfolio Show.

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DENTAL HYGIENE RESEARCH COMPETITION Nearly 30 Dental Hygiene students gave Informative Poster Presentations as part of the Homecoming activities. The students researched their dental related health issue and created displays reflecting their topic, which included warnings about tongue piercings, vaping, smokeless tobacco use, and the connection between rheumatoid arthritis and periodontal disease.

The following semester, selected groups of Harcum students presented their poster presentations at the PDHA (Pennsylvania Dental Hygiene Association) annual meeting.

RUNWAY ROLES FOR FASHION MAJORS Student-created collections were featured in the 2018 Fashion Show at Harcum College. The annual event showcased both the Fashion Design and Fashion Merchandising Programs and had more than 30 students participating. Some Harcum students also appeared on the runway as models. The event customarily is sold out. Graduates of the Fashion Design Program have gone on to show collections during Atlantic City Fashion Week, are accepted into four-year programs, and/or are employed in a range of fashion-related settings.

DESIGNING INTERIORS FOR REAL-WORLD SPACES From restaurant interiors to childcare clinics to resort spaces, Interior Design majors conceived of detailed designs throughout their Harcum careers, each of their displays offering loads of visual and also tactile appeal.

Senior portfolios and first-year projects were once again featured during the Interior Design Portfolio Show in spring of 2018. This year’s show was a can’t miss event with hundreds of guests packing the Kevin D. Marlo Little Theatre with the unique vantage point of envisioning spaces through an interior designer’s eye.

Harcum’s annual Fashion Show, which features the work of Fashion Design and Fashion Merchandising majors, is customarily sold out.

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Community

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At left: Latasha Raynor, Philadelphia Inquirer staff photo by Maggie Loesch: “Harcum College students help decorate family’s first home in North Philadelphia,” used with permission of Philadelphia Inquirier Copyright © 2019.

All rights reserved.

INTERIOR DESIGN PROGRAM HELPS PHILLY FAMILY Eight Interior Design students teamed up with Ellen Farber, a 2012 graduate of the Interior Design program, to transform a working mother’s townhouse into a distinctly designed home. The project called “House to Home” involved students working with Latasha Raynor and her four children to develop plans for the interior design and decor for her new North Philadelphia home.

Raynor is a first-time homeowner whose two-story townhome is a stylish show stopper, blending bold colors and patterned carpets and accessories with trendy neutral furnishings. Farber had been a design advisor at ReStore and wanted to involve Harcum students in a project serving a Habitat for Humanity homeowner. Farber believes a house is not a home until the interior supports the family that occupies it. The project was featured in the Philadelphia Inquirer on August 25, 2018.

HONOR STUDENTS SERVE AT COMMUNITY SMILES Graduates of the Dental programs and members of the dental honor society Sigma Phi Alpha Chi-Xi have participated in the Community Smiles event at CVIM for the last four years. At the event volunteers work for several hours to treat dozens of patients at no-cost.

HYGIENE STUDENTS MAKE MITZVAH CIRCLE PROJECT SUCCESSFUL The Dental Hygiene class helped gather donations for the Mitzvah Circle Foundation, providing much-needed toiletries that are often overlooked in donation drives.

Harcum’s Lab Science department has been supporting this non-profit since 2015.

The motto, “deeds before words” is a focus in every program. Students and employees find unique ways to give back and serve the community.

STUDENT-ATHLETES SERVE LOCAL COMMUNITY Harcum student-athletes have also continued their tradition of community outreach. The men’s and women’s basketball program represented the college at Bryn Mawr Day in the fall. The women’s basketball program volunteered at the Special Olympics at Villanova, one of several community service projects the team participated in during the year. Men’s basketball held its annual MLK Day of Service at OMGC Gym, where they welcomed children from St. Vincent/St. Mary’s Home for Boys and members of OMGC parish and participated in various service projects and held a free basketball clinic.

DENTAL TEAM TRAVERSES THE STATE FOR PORTABLE CLINIC Dental students, faculty, and alumni have been participating at MOM-n-PA since its launch five years ago. It is a 120 portable dental chair mission providing free dentistry to the underserved in Pennsylvania. The first event took place at the Liacouris Center on Broad Street in Philadelphia, and since then has traveled further through the state each year. This year the event took place at Gannon University Recreation and Wellness Center in Erie, 400+ miles from the Cohen Dental Center.

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Outcomes

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Allied Health Examination Pass Rates 2017–2018

97% OCCUPATIONAL THERAPY

100% DENTAL HYGIENE

100% PHYSICAL THERAPY

100% NURSING

THE GRADUATE EXIT SURVEY administered to 2018 graduates by Career & Transfer Services asked questions about their future plans, including whether they had a job or planned to continue their education at a four-year institution. The largest share of graduates (142 or 41%) sought employment after graduation, closely followed by graduates (139 or 39%) who planned to transfer to a four-year college or university.

To help all graduates achieve their desired outcomes, Career and Transfer Services offered the following services throughout 2017–18: • • • • • • • • • • • • • •

GOAL PLANNING DRESS FOR SUCCESS INDIVIDUAL CAREER COUNSELING CAREER EXPO (SPRING) FOUR-YEAR COLLEGE EXPLORATION TRANSFER EXPO (FALL AND SPRING) JOB SEARCH AND INTERVIEW PREPARATION JOB LISTING AND TRANSFER INFO INTERNSHIP SEARCH E-PORTFOLIO DEVELOPMENT RESUME DEVELOPMENT AND REVIEW 24-HOUR ACCESS TO ONLINE RESOURCES EMPLOYER PANELS AND CAREER FAIRS PURPLE BRIEFCASE

HARCUM GRADS ARE WORKING AT Chester Education Foundation, Cooper University Hospital, Department of Veterans Affairs, Einstein Medical Center, Quakertown Veterinary Clinic, and the University of Pennsylvania, among other placements.

four-year college and universities accepted 2018 Harcum grads. practicums at the University of Pennsylvania for Veterinary Nursing.

11.5%

MORE 2018 GRADS REPORTED SATISFACTION WITH THEIR ACADEMIC PROGRAM AS EXCELLENT OR GOOD, COMPARED TO THE PREVIOUS YEAR.

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Alumni

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Alumna Ebony Fowlkes ’07 and former basketball player Winston Robinson at Homecoming.

HOMECOMING IS FUN STUFF PLUS With its BearFest and alumni basketball games, Harcum Homecoming is lots of fun. Homecoming 2017 on Saturday, October 7, 2017, was a fun-plus day, with practical offerings organized by the Office of Professional Studies. Morning sessions brought value to allied health alumni and others working in the field because of the Continuing Education units conferred. Sessions included, “Putting the I in Team: Interprofessional Patient Centered Care” and “Trending Topics in Dental Health,” which included Informative Poster Presentations by current dental students.

FOR 2017 GRAD, HARCUM OFFERED OPPORTUNITY Kiersten Millman ’17 seized the chance to be Women’s Basketball Manager for the team’s 2017–18 season. It turned out to be a great and enduring experience for Millman. She made many connections and learned so much about basketball operations that the new head coach Lexie Gerson couldn’t conceive of entering her inaugural coaching season without Millman. Gerson believed the team’s success was directly connected to Kiersten’s continuing involvement. By saying ‘yes’ to everything, Millman credits Harcum for a wealth of opportunities she might not have had elsewhere.

DENTAL EXPO ANOTHER SELL OUT Harcum serves alumni from its flagship Dental Hygiene program with an annual Dental Expo, held Saturday,March 3, 2018. Six different professional development programs were offered to a sold-out crowd topping 200, with nearly 100 alumni in attendance.

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Alumni

ANNUAL PTA CLINICIAN DAY The Physical Therapist Assistant (PTA) Program, along with Continuing Studies hosted the Third Annual PTA Clinician Appreciation Day on Saturday, October 23, 2017. This event was conceived to acknowledge the clinical instructors who work with Harcum students, and quickly grew into a valuable day to obtain up-todate information in the Physical Therapy and Physical Therapy Assisting fields. Fifty-five clinical instructors, 66 PT/PTA colleagues, and four full-time faculty attended.

DOUBLE DENTAL GRAD CREDITS HARCUM’S ACADEMIC PROGRAM AND DIVERSITY AS KEYS TO HER SUCCESS Tanya Williams had a wonderful experience at Harcum and obtained a degree in Dental Assisting with EFDA in ’89. She chose Harcum because of the small class sizes and healthy student teacher ratio. She had heard of Harcum’s outstanding academic reputation and appreciated its diverse student body.

“Harcum was so amazing,” Williams said, “that I returned to get a second degree in Dental Hygiene in 1992.” She has worked at a specialty practice on the Main Line for 22 years, but found time to return to Harcum as an adjunct faculty member in the Dental Hygiene program. Program Director Jean Byrnes-Ziegler said Williams’ extensive background in clinical practice has been invaluable to current students.

CLASS OF ’56 GRAD BELIEVES IN MAKING CONNECTIONS When Merle Holman ’56 was deciding where to go to college, she chose Harcum because few women went away to school back then. She loved to write, so she majored in Marketing, Advertising, and Public Relations.

After Harcum, Holman married and was firmly on the family path with two daughters until she wound up divorced, seven years later. She needed to find a job and

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decided to open up a paid focus group facility called Group Dynamics. With Holman at the helm, what started as one room with a one-way mirror became an awardwinningl marketing practice now in Bala Cynwyd.

Holman treasures her Harcum days. The opportunities she had to write gave her a great sense of accomplishment. Her advice to today’s alumni is to make connections with people. Whether it is someone coming up the ladder, sitting next to you, or who lives down the street, those connections will enrich you.

Tonya Williams ’89/’92

Merle Holman ’56 and daughter Robin Kaplan

With over 9,000 alumni worldwide, students are sure to find a mentor no matter what their field of study.

El Shafiyq Asad-Ali ’16 speaks at a Partnership Sites alumni event.

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Financials FINANCIAL POSITION As of June, 30, 2018, total net assets grew to $22 million from 20.7 in FY 2017 and comprised $19.8 million in unrestricted net assets, $1.5 million in temporarily restricted net assets for specific purposes, and $654 thousand in permanently restricted net assets.

Total assets increased by $819 thousand during FY 2018 to $24.3 million.

Cash totaled $3.96 million. Accounts receivable, net of allowances, totaled $636 thousand. Total liabilities during FY 2018 were at $2.3 million. This change is primarily related to decreases in accounts payable and notes payable.

ACTIVITIES Total operating revenue was $24.5 million. Net student revenues totaled $19.2 million, increasing slightly from $19.1 million in FY 2017. The College’s operating expenses totaled $23.9 million. The change in net assets from operating activities was $622 thousand. The total change in unrestricted net assets, including operating and non-operating activities was $1 million. Non-operating activities include net realized and unrealized losses on investments and other non-operating activities.

ENDOWMENT The fundamental principles of the College’s endowment management are to combine a prudent approach with a diversified asset allocation that focuses on long-term performance since endowments exist to provide perpetual funding.

The College’s endowment consists of donor funds, board-designated funds, and reserves invested to support the College’s operating and capital needs.

The market value of the endowment was $9.5 million for the fiscal year June 30, 2018; which represents an increase of $860 thousand or 10% over the prior year.

OPERATING REVENUES OPERATING ACTIVITY 2018 Student tuition & fees, net of student aid* 78.3% $19,236,077 Federal grants 4.6% 1,140,964 Auxiliary enterprises 10.6% 2,598,500 State grants 2.1% 504,450 Dividends and interest 0.8% 199,969 Other sources 1.9% 472,860 Contributions 0.6% 138,030 Special event 0.3% 79,428 Net assets released from restrictions 0.9% 212,161 TOTAL OPERATING REVENUES * (2018 - $8,524,279; 2017 - $8,393,429)

100%

$24,582,439

39.4% 23.8% 17.0% 8.2% 4.8% 3.7% 3.0%

9,442,693 5,707,578 4,081,995 1,955,570 1,152,397 895,093 724,932

TOTAL OPERATING EXPENSES 100.0% Change in unrestricted net assets from operations

$23,960,258 622,181

OPERATING EXPENSES Instructional Institutional support Student services Operation and maintenance of buildings Auxiliary enterprises Academic support Depreciation and amortization

NONOPERATING REVENUES (EXPENSES) Change in value of split-interest agreements Net realized & unrealized gains on investments Change in unrestricted net assets from nonoperating expenses Change in unrestricted net assets CHANGE IN TEMPORARILY RESTRICTED NET ASSETS Contributions Interest and dividends Net realized and unrealized losses on investments Net assets released from restrictions Change in temporarily restricted net assets CHANGE IN PERMANENTLY RESTRICTED NET ASSETS Contributions Change in value of split-interest agreements Net realized and unrealized gains on investments Change in permanently restricted net assets

CHANGE IN NET ASSETS NET ASSETS, BEGINNING OF THE YEAR TOTAL NET ASSETS, END OF THE YEAR

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(1070) 432,903 431,833 1,054,014

341,538 16,857 55,516 (212,161) 201,750

7,000 (244) 1,095 7,851

1,263,615 20,771,443 $22,035,058

HARCUM COLLEGE provides its students with an opportunity for outstanding academic, career, and life preparation. We teach, mentor, and prepare students for success, excellence, civility, empowerment, integrity, community service, and respect for diversity to assure that every student is valued and supported.

BOARD OF TRUSTEES Alexander Klein, Chairman Dennis S. Marlo, Vice-Chair Karl A. Thallner, Jr., Vice-Chair Denis C. Boyle, Treasurer Louise A. Strauss, Secretary Jon Jay DeTemple, Ph.D., President Samuel P. Cimino, DDS Kevin Dow, MBA Ellen Farber ’12 Daniel Hirschfeld, MBA, MF David M. Jacobson, CPA Tracey Johnson ’04 Marvin B. Levitties Marcia Sachs Littell ’55, Ed.D. R. Ivan Lugo, DMD, MBA J. Michael McNamara Theodore A. Rosen Carolyn Saligman, Ph.D.

PRESIDENT’S CABINET Jon Jay DeTemple, Ph.D. Hunt Bartine, MBA, SPHR Patricia Benson, Ed.D., MBA, CPA Rachel Bowen Timothy S. Ely, M.Ed. John Hayden Julia Ingersoll, D.M., J.D. Drew Kelly Ed Kovacs, M.A. Evelyn Santana, MBA

Bailey Castner, Veterinary Nursing, Philadelphia

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The College of Possibilities 750 Montgomery Ave. Bryn Mawr, PA 19010 610-525-4100 • www.harcum.edu