Cambridge College Inc

Transcription

1 Cambridge College Inc General Information 500 Rutherford Avenue Boston, MA (617) Website Organization Contact Bridget Kent Year of Incorporation

2 Statements & Search Criteria Mission Statement To provide academically ecellent, time-efficient, and cost-effective higher education for a diverse population of working adults for whom those opportunities may have been limited or denied. Background Statement In 1971, a small group of educators created an educational institution, now known as Cambridge College, whose primary mission was to provide educational opportunities and degree attainment for working adults who did not have ready access to higher education. The art and science of helping adults learn became the foundation of the education philosophy at the institution. By blending theory and practice in a developmental and participatory approach, this group of educators developed the teaching/learning model specifically for adult learning and to benefit those who may not have had opportunities for a college education. The College was first known as The Institute of Open Education within Newton College of the Sacred Heart, and later became part of the Antioch University Network. In 1974, it became an independent institution, and in 1975 began awarding a Master of Education. The mission and philosophy of the College drew the attention of students from businesses, nonprofit and social service agencies, and other professions. As this learning community grew, the College epanded to offer a broad range of academic programs, including the Master of Management, Bachelor of Arts, Certificate of Advanced Graduate Studies, Bachelor of Science, and the Doctor of Education. Cambridge College continues to be at the forefront in providing open access to nontraditional learners adult students who did not immediately go on from high school graduation to college; who have associate degrees; who began college but did not finish; or who never enrolled. The College has awarded degrees to more than 35,000 alumni. Today, Cambridge College also serves the educational needs of students outside of its original home location in Cambridge, Massachusetts. The College has regional locations in Springfield and Lawrence, Massachusetts, and in California, Puerto Rico. The College aspires to be a visionary organization and learning community for its constituents. Through the dynamic learning processes which are the foundations of our educational model, and our dedication to our mission, we believe we are serving and transforming the lives of adult learners across the national landscape. 2

3 Impact Statement Cambridge College s most significant accomplishment from the past year was the move to a new campus in Charlestown, MA. This new campus provides up to date facilities, computer labs, and classrooms to enhance students' academic success. Cambridge College is currently at the beginning of a new strategic planning process that will guide the net five years of institutional growth. In its last strategic plan, which covered FY2012 to FY2017, primary goals included: 1) Academic Ecellence and Access; 2) Student Success and Satisfaction; 3) Financial Stability and Strength; 4) Culture of Engagement; and 5) Eternal Relationships. These goals will carry over into the new strategic plan with the eception of Culture of Engagement, which will be replaced by a focus on technology and innovation. A small number of strategic objectives and tactics will guide our pursuit of these goals, including: -Assure that programs continue to be accessible and affordable by epanding delivery modalities and end-products (e.g., offer more online and day classes, alternative credentials) -Continue improvement of quality and relevance of academic offerings/content -Epand professional development for faculty and foster ecellence in learning and teaching -Prepare students for sustainable careers and to compete successfully in a global contet by developing new programs in emerging fields of opportunity (e.g., science and math, technology, health care, human services) -Improve student success by increasing student retention and attainment through epansion of comprehensive student support services (e.g., academic advising, tutoring/mentoring, outside referral, navigation assistance, financial literacy, financial aid) -Strengthen financial stability and sustainability of the College through ongoing effective management of resources, enrollment growth, resource epansion via donations, grants and philanthropic contributions. Needs Statement The College s most pressing needs include: Epansion of student support services, including advising, tutoring, counseling, and career services, to increase retention, graduation rates and career placement rates Epansion of academic programs, including the addition of new degree programs, epanding online programming and developing competency-based education models Epansion of professional development and support for faculty Updating of academic and administrative technology Investments in space to enhance quality, effective utilization, epanded classroom availability and efficiency of operations 3

4 CEO/Eecutive Director Statement Cambridge College is a pioneer in adult learning since its founding in 1971 by a group of innovative educators who believed that quality higher education should be accessible to all. With over 35,000 alumni, Cambridge College continues to be a leader that empowers adult learners to build on their life eperiences. Over 4,000 degree seeking students are enrolled in our four schools the School of Undergraduate Studies, the School of Management, the School of Psychology and Counseling, and the School of Education and in locations across 2 states Massachusetts, California -- and the U.S Territory of Puerto Rico. Cambridge College is recognized for its commitment to diversity, access and ecellence. We have been cited as both a Military Friendly School and as an emerging Hispanic-Serving Institution in Ecelencia in Education and as a leader in awarding master s degrees in business to African- American students. Diverse Issues in Higher Education Magazine has named us as one of the top 100 colleges and universities awarding graduate degrees and the Boston Business Journal ranked Cambridge College 11th from the Area s Largest Graduate Schools in Massachusetts. In addition, we have been recognized as One of the Top Colleges in Massachusetts with the Best Student-Teacher Ratios reflecting our commitment to provide a learning atmosphere dedicated to personal attention and individual success. At Cambridge College we recognize diversity among our students, faculty and staff as an asset in the classroom and in our college community. We also take great pride in our faculty who are both practitioners and eperts in their respective fields and bring a wealth of knowledge and eperience into the classroom. Our students bring to their academic pursuits their lifetime eperiences and unique personal journeys to create an inclusive and engaging learning environment. Combined with our innovative teaching and learning model, we help adult learners successfully meet the challenges of higher education, prepare for successful careers and become agents of social justice and change in their communities. Our alumni are the best indicators of our success. Our community of alumni include an Emmy Award winner, the founder of one of Boston s first and only public high schools for the visual and performing arts, Fortune 500 eecutives, innovative social entrepreneurs, best-selling authors, and a countless number of inspirational teachers and health care leaders, to name a few. Service Categories Adult Education Higher Education Geographic Areas Served Cambridge College has campuses in Boston, Lawrence, and Springfield, MA which draw students from all New England states. In addition, regional locations include Rancho Cucamonga, CA,and San Juan, Puerto Rico. Please review online profile for full list of selected areas served. 4

5 Programs The School of Undergraduate Studies Description The School of Undergraduate Studies serves approimately 1600 students and offers bachelor s degrees in Human Services, Management Studies, Multidisciplinary Studies, Psychology, Early Childhood Education and Care, Managerial Accounting, Health Care Management, Health and Wellness Promotion, and Natural and Applied Sciences. The School delivers relevant and practical knowledge in programs that foster critical thinking, effective communication, creative problem-solving, dynamic teambuilding, respect for diversity, and civic engagement. These programs recognize and acknowledge the challenges faced by our adult students and meet them where they are, relative to both academic and life eperiences. Budget Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Eamples of Program Success Education, General/Other Postsecondary Education Adults, College Aged (18-26 years), In the short term, success is measured through students' persistence in their studies from year to year, achievement of satisfactory academic progress, and engagement in the College's various academic and non-academic services and activities. Long term success includes multiple year retention, continued enrollment at Cambridge or another institution of higher education, graduation rates, post-graduation employment rates, graduate admission rates The Undergraduate Dean, Program Chairs, Undergraduate Faculty, Undergraduate Advisors, Student Support and Success Coaches Over the past five years, the School of Undergraduate Studies has eperienced an increase in retention rates across its program offerings by 10%. We continue to epand our student support services, advising, student engagement initiatives, and student outreach to increase student persistence and graduation. 5

6 The (Graduate) School of Education Description The (Graduate) School of Education serves approimately 1300 students and offers programs leading to educator licensure (certification) and professional advancement for teachers and school administrators in Massachusetts. These programs help educators renew their passion for working in schools and advance their careers. The School s core values include: innovation in curriculum and teaching strategies, diversity, academic ecellence, social justice, honesty and integrity, and building community. The School also offers a Doctor of Education in Educational Leadership which equips practitioner-scholars to become more effective leaders through improved analytical and research skills, cultural competence, and community-oriented practices. In addition, the School offers the Collaborative Program which provides stand alone professional development courses, as well as deeper academic partnerships with districts, private schools, charter schools, and educational organizations. Budget Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Eamples of Program Success Education, General/Other Postsecondary Education Adults, College Aged (18-26 years), The (Graduate) School of Psychology and Counseling Description The (Graduate) School of Psychology & Counseling serves approimately 800 students and provides graduate programs that prepare students for licensure or other professional credentials necessary for counseling careers. Programs also support related careers not requiring licensure by augmenting degrees with specific concentrations, such as Addiction Counseling, Trauma Studies and Geriatric Mental Health. The School serves adult learners who arrive with a wide range of nontraditional eperience in counseling and related fields. Budget Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Eamples of Program Success Education, General/Other Postsecondary Education Adults, College Aged (18-26 years), 6

7 The (Graduate) School of Management Description The (Graduate) School of Management serves approimately 500 students and offers graduate programs that develop skills and knowledge to improve management performance, increase advancement opportunities, and provide more effective leadership in private, public and not-for-profit organizations. Key programs include the Master's in Business Administration (MBA), which includes an MBA, an MBA in Healthcare, and Accelerated BS to MBA; Master's in Management; and a number of certificates for working professionals in healthcare informatics, IT management, non-profit and public management, and organizational leadership, among others. These programs seek to develop aspiring and practicing managers who are values-driven and adept at working with people and organizations in a diverse global world. The curriculum provides comprehensive management and leadership skills including relevant and up-to-date academic concepts, best practices, and proven strategies that students can use to increase their organization s effectiveness in today s world. Budget Category Population Served Program Short Term Success Program Long term Success Program Success Monitored By Eamples of Program Success Education, General/Other Postsecondary Education Adults, College Aged (18-26 years), 7

8 Management CEO/Eecutive Director Eecutive Director Term Start May Ms. Deborah C. Jackson Eperience In May 2011, Deborah C. Jackson became the fourth President of Cambridge College, bringing to the institution over 30 years of leadership epertise across a number of Boston s leading institutions. Her commitment to the social justice imperative of higher education is evidenced by her efforts to advance the college s ongoing commitment to diversity. Prior to joining Cambridge College, Ms. Jackson served for nearly a decade as CEO of the American Red Cross of Eastern Massachusetts, one of the nation's largest Red Cross units. She also served as Vice President of the Boston Foundation where she managed its $50 million grant and initiatives program, as Senior Vice President at Boston Children s Hospital, and as President and CEO of Morgan Memorial Goodwill Industries, Inc. Ms. Jackson has served and continues to serve on numerous commissions, task forces and boards, including the Boston Green Ribbon Commission; the Mayor s Task Force to Eliminate Racial and Ethnic Disparities in Health Care; the City to City program focusing on national and global best practices for urban policies; the American Red Cross National Diversity Advisory Council; Eastern Bank; and the Eastern Bank Charitable Foundation. She also serves on the Board of Directors of the Association of Independent Colleges in Massachusetts (AICUM), and in June 2015, will be appointed as Chair of their Board. Ms. Jackson has been the recipient of numerous awards, including the Greater Boston Chamber of Commerce Pinnacle Award for Achievement in Management, and Boston Magazine s 100 Most Influential Women in Boston. In May 2014, she received an Honorary Doctor of Humane Letters Degree from Curry College. Ms. Jackson attended Hampton University and completed her undergraduate studies at Northeastern University. She attended the Massachusetts Institute of Technology Department of Urban Studies and Planning for graduate studies and Harvard University s Advanced Leadership Program. Former CEOs Name Term Ms. Eileen Moran Brown Dec Jan 2008 Mr. Tito Guerrero Mar Sept 2010 Senior Staff Mr. James S. Lee M.A. Dean of the Undergraduate School and Interim Associate Provost Eperience/Biography 8

9 Mr. Phillip Page M.S. Vice President of Strategic Partnerships Eperience/Biography Ms Mary Ann Joseph Ph.D. Acting Dean, School of Management Eperience/Biography Ms. Niti Seth Ed.D. Dean, School of Psychology and Counseling Eperience/Biography Ms. Regina Robinson M.A. Dean of Student Affairs Eperience/Biography Mr. Mark Rotondo Esq. Director of Institutional Planning and Effectiveness Eperience/Biography Ms. Jacqui Conrad Vice President Marketing, Communications & Public Relations Eperience/Biography Mr. John Spinard Chief Financial Officer Eperience/Biography Ms. Lauretta Siggers Director of Human Resources Eperience/Biography Mr. Carson Berglund Vice President, Advancement Eperience/Biography Dr. Gilda Gely Associate Provost Eperience/Biography 9

10 Staff Information Full Time Staff Part Time Staff Volunteers Contractors Retention Rate % Staff Demographics - Ethnicity African American/Black 72 Asian American/Pacific Islander 15 Caucasian 257 Hispanic/Latino 49 Native American/American Indian 0 Other 27 7 Staff Demographics - Gender Male Female Unspecified Formal Evaluations CEO Formal Evaluation CEO/Eecutive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers Under Development Date Strategic Plan Adopted 2013 Does your organization have a Business Continuity of Operations Plan? Management Succession Plan? 3 No No 10

11 Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy Is your organization licensed by the Government? Registration Permit? Risk Management Provisions Directors and Officers Policy General Property Coverage and Professional Liability See Management and Governance Comments Commercial General Liability Professional Liability Workers Compensation and Employers' Liability Employee Benefits Liability Collaborations Awards Awards Award/Recognition Organization Year Top One Hundred Institutions Awarding Masters Degrees to Minorities Diverse Issues in Higher Education magazine 2011 Eternal Assessments and Accreditations Assessment/Accreditation Year New England Association of Schools and Colleges 1981 Affiliations Affiliation Chamber of Commerce 0 Council for Advancement and Support of Education (CASE) Year 2010 United Way Member Agency 2004 Comments 11

12 CEO Comments 12

13 Board & Governance Board Chair Board Chair Ms. Susan Ifill Company Affiliation Chief Eecutive Officer Term Jan 2016 to Aug Board Members Name Affiliation Status Mr. Charles L Anderson MD EXALTARE Capital Partners Voting Mr. Pedro Arce Eastern Bank Voting Ms. Stephanie Browne Blue Cross Blue Shield of Massachusetts Voting Mr. Allan Cohen Community Volunteer Voting Mr. John K Dineen Esq. Nutter, McClennen & Fish, LLP Voting Ms. Susan M Ifill Neighborhood Housing Services of NYC Voting Ms Deborah C Jackson Cambridge College Eofficio Mr Kenneth Johnson Loomis & Sayles Voting Ms. Virginia Loeb Counseling Psychologist Voting Mr. Kevin McCall Paradigm Capital Advisors, Paradigm Properties Voting Mr. Terrence McCourt Greenberg Traurig, LLP Voting Ms. April Ryan American Urban Radio Network Voting Mr. James Segel ADS Ventures Voting Mr. Thomas F. F. Snyder Tom Snyder Productions, Inc. Voting Mr. Jesse Solomon Boston Plan for Ecellence Voting Ms. Janet Whitla Education Development Center Voting Mr. Luis E Yépez Jr. Mainstream Global, Inc. Voting Board Demographics - Ethnicity African American/Black 6 Asian American/Pacific Islander 0 Caucasian 8 Hispanic/Latino 1 Native American/American Indian 0 Other 0 0 Board Demographics - Gender Male 10 13

14 Female Unspecified 5 0 Board Information Board Term Lengths Board Term Limits Number of Full Board Meetings Annually Board Meeting Attendance % Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation % 100% No Standing Committees Audit Academic Affairs Board Development / Board Orientation Development / Fund Development / Fund Raising / Grant Writing / Major Gifts Eecutive Finance Investment Trusteeship Real Estate 14

15 Financials Fiscal Year Fiscal Year Start Sept 01, 2017 Fiscal Year End Aug 31, 2018 Projected Revenue $33,663, Projected Epenses $33,663, Endowment? Endowment Value $ Spending Policy Percentage Percentage 5% Credit Line? Reserve Fund? Months Reserve Fund Covers 60 Detailed Financials Revenue and Epenses Fiscal Year Total Revenue $30,182,641 $26,987,409 $27,671,552 Total Epenses $29,755,215 $27,717,981 $30,850,097 Revenue Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $0 $0 $0 Federal State Local Unspecified Individual Contributions $775,795 $653,357 $483,078 Indirect Public Support Earned Revenue $26,305,476 $24,397,730 $26,560,018 Investment Income, Net of Losses $2,964,157 $1,885,049 $460,554 Membership Dues Special Events ($52,540) Revenue In-Kind Other $189,753 $51,273 $167,902 15

16 Epense Allocation Fiscal Year Program Epense $24,192,280 $22,595,179 $24,976,738 Administration Epense $4,952,060 $4,724,010 $5,331,960 Fundraising Epense $610,875 $398,792 $541,399 Payments to Affiliates Total Revenue/Total Epenses Program Epense/Total Epenses 81% 82% 81% Fundraising Epense/Contributed Revenue 84% 61% 112% Assets and Liabilities Fiscal Year Total Assets $30,919,846 $29,351,009 $30,182,480 Current Assets $4,383,222 $3,886,064 $4,415,969 Long-Term Liabilities $1,070,084 $948,595 $873,029 Current Liabilities $10,336,939 $7,606,066 $6,292,194 Total Net Assets $19,512,823 $20,796,348 $23,017,257 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets 3% 3% 3% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? No Campaign Purpose Support growth and investment in key strategic priorities, including student support services, new academic programs, new technology and infrastructure Capital Campaign Anticipated in Net 5 Years? Comments Foundation Staff Comments Financial summary data in the charts and graphs above are per the organization's IRS Form 990s, with asset and liability data per the audited financials. Contributions from foundations and corporations are listed under individuals as the breakout was not available. Created Copyright 2018 The Boston Foundation 16