VANGUARD UNIVERSITY ANNUAL REPORT / 2011 – 2012
Mar 24, 2016
VANGUARD UNIVERSITY ANNUAL REPORT / 2011 – 2012
DR. CAROL A. TAYLOR PRESIDENT
The growth and accomplishments at Vanguard University this past year are truly astounding and
evidence of God’s continued providence. The momentous growth we’ve experienced in 2011-2012
is due to the devotion our students, faculty and staff for Christ-centered leadership and service. The
result is an innovative, Christian liberal arts institution of higher education. I am delighted to share
some of our milestones with you.
Vanguard recruited its largest freshman class in the history of the University in September 2012.
With a significant increase in applicants also came an improvement in the academic profile of
the incoming freshman class and greater cultural diversity. Vanguard has continued to foster a
wide spectrum of success stories: recognition of Vanguard faculty leader, Karen Lee, in a higher
education publication as one of ten “Emerging Scholars” in the nation; a grant from the Employee
Community Fund of Boeing to assist women veterans; a 2012 NAIA Athletic Director of the Year
Award to Bob Wilson; two California domestic violence bills written and passed because of Olivia
Klaus’ ’99 mission to advocate for the victims of domestic violence. And these are just a few.
As you learn more about Vanguard in this annual report, I hope you will also be astounded by the
evidence of God’s gracious hand on Vanguard – and the sense of growing vision for what God is
doing through this University.
AT VANGUARD YOUR STORY MATTERS. WHERE HAVE YOU BEEN? WHAT ARE THE EXPERIENCES GOD HAS USED TO SHAPE AND
PREPARE YOU? WE CARE ABOUT YOUR STORY, ABOUT WHO GOD IS MAKING YOU TO BE. AND WE WANT TO EQUIP YOU—
TO GIVE YOU THE SKILLS, KNOWLEDGE, AND EXPERIENCE YOU NEED—FOR THE JOURNEY GOD HAS SPECIFICALLY FOR YOU.
MESSAGE FROM THE PRESIDENT:
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5
FAITH, WORKS AND LEARNING... CHRIST-CENTERED HIGHER EDUCATION FOR THE 21ST CENTURY
:beyond academics
THE DEPARTMENT OF ANTHROPOLOGY AND SOCIOLOGY AT VANGUARD USES
INNOVATIVE, HANDS-ON APPROACHES TO RESEARCHING CRITICAL SOCIAL ISSUES.
CHRIST-CENTERED SOLUTIONS ARE APPLIED TO CREATE POSITIVE, TRANSFORMATIVE
CHANGE IN AN INCREASINGLY DIVERSE WORLD.
The Department of Anthropology and Sociology at Vanguard uses innovative, hands-on
approaches to researching critical social issues. Christ-centered solutions are applied to
create positive, transformative change in an increasingly diverse world.
PRACTICING WHAT IS PREACHED: Vanguard alum and chair of the Department of
Anthropology and Sociology at Vanguard, Dr. James Huff, is a glowing example
of how the right blend of scholarship, faith and dedication can lead to lasting
sociocultural and cultural change. Since 2005 he has worked with Enlace, a faith-
based community development organization in El Salvador. Founded by Vanguard
alumni Ron and David Bueno, Enlace equips church leaders with the ability to develop
sustainable solutions to poverty.
This summer, Dr. Huff will take a small group of students to El Salvador to learn about
rural poverty first-hand and to work alongside Salvadorean church leaders who are
dedicated to alleviating spiritual and physical poverty in their communities.
For Dr. Huff, Vanguard created a network of relationships and opened doors that he
hopes his students will also experience. “I tell my students that what is so great is that
I’ve had this journey vocationally which has been deeply satisfying, and I’ve done it
with people who I graduated with. It’s not just about career; it’s about life.”
: 2011 - 2012 ANNUAL REPORT
THE LEARNING RELATIONSHIPS THAT ARE FORMED DURING THIS SHARED QUEST
WILL LAST FOR A LIFETIME. THIS IS THE VANGUARD LEARNING EXPERIENCE.
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DEPARTMENT OF MUSIC
:beyond the expectedTALENT IS AS TALENT DOES: Vanguard student Samuel Hines had a
transformational experience in high school when he met classical guitarist
Michael Nigro, an adjunct professor of music at Vanguard. Hines followed Nigro
to Vanguard to study music, a decision that has resulted in numerous accolades
for his superior technical skill, beautiful tone, and quality musicianship.
In 2012, Hines was selected as one of the 15 finalists to compete against
international guitarists for the prestigious Parkening International Guitar
Award. “I can’t think of any of our music performance students more
deserving in being a part of this international competition than Samuel Hines.
He is very hard working and disciplined,” says Dr. James Melton, chair of the
Department of Music at Vanguard.
“God has blessed me a lot throughout my time,” says Hines of his many
experiences at Vanguard, which include playing with the touring Guitar
Ensemble under the leadership of Dr. Greg Glancey, associate professor of
music at Vanguard. “I’ve grown both as a musician and a person.”
. . . HIS SPIRIT IS IN US, GUIDING, COMFORTING, AND EQUIPPING US
FOR THE NEXT CHAPTER OF OUR STORY . . .
: 2011 - 2012 ANNUAL REPORT
CARNEGIE HALL, LINCOLN CENTER
FOR THE PERFORMING ARTS IN NEW
YORK CITY, AND SEGERSTROM CENTER
FOR THE PERFORMING ARTS ARE JUST
A FEW IMPRESSIVE VENUES IN WHICH
VANGUARD STUDENTS HAVE PERFORMED.
THE PERFORMANCE GROUPS, RANGING
FROM JAZZ AND GUITAR ENSEMBLES TO
TRADITIONAL CONCERT CHOIRS, ARE LED
BY A CADRE OF SEASONED MUSICIANS
AND TALENTED MUSIC PROFESSORS IN
THE VANGUARD MUSIC DEPARTMENT.
NEXT GENERATION OF CHRISTIAN LEADERS
:beyond leadership
A LIBERAL ARTS EDUCATION AT VANGUARD MEANS MORE THAN BECOMING A SUBJECT
MATTER EXPERT IN THEORY; IT MEANS BECOMING A PERSON OF WISDOM AND INTEGRITY
WHO CAN APPLY WHAT IS LEARNED IN A WAY THAT MODELS EXCELLENCE. AT VANGUARD,
STUDENTS ARE PROVIDED REAL-LIFE OPPORTUNITIES TO PRACTICE LEADERSHIP SKILLS BEFORE
THEY GRADUATE, MAKING THEM EVEN MORE EFFECTIVE LEADERS IN ANY CAREER PATH
THEY CHOOSE TO PURSUE.
POLITICAL SCIENCE IN ACTION: Alum David Vazquez ’12 had his sights set on
politics from the time he was in fourth grade. As a student at Vanguard, the former
student body president says he developed his leadership skills by taking advantage
of opportunities to lead, such as making presentations to the Vanguard Board
of Trustees Student Life Committee and representing Vanguard at district and
national meetings of the Assemblies of God.
In flipping through Vanguard yearbooks and archives from decades past, Vazquez
was inspired by all that Vanguard students had done way back then to shape
Vanguard today. “Students help create the identity of Vanguard. Things that are
instrumental to our community came from students.”
Delivering the commencement speech in May 2012, Vazquez said, “Vanguard
has been the place where we developed our passions, experiences, opportunities,
and found our calling.” Recently selected as a 2012-2013 California State Senate
Fellow, Vazquez continues to exercise the leadership skills he developed at
Vanguard while at work in the office of Senator Mark Wyland in Sacramento.
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TURNING DREAMS INTO REALITY...
:beyond integration
It was Elizabeth Leonard, Vanguard Sociology professor-emerita, who planted the seed in Vanguard
alum Olivia Klaus when she took Olivia to meet with women serving prison sentences related to
domestic violence. “I wanted to quit several times,” Olivia said recently, as she addressed a room of
Vanguard students who listened intently to the award-winning filmmaker’s plight to understand a
close friend’s domestic violence that had begun a decade earlier.
Despite encountering many obstacles along the way, Klaus did not quit. Her perseverance finally
paid off in 2012 when California Assemblywoman Fiona Ma saw her documentary, Sin by Silence,
on the Investigation Discovery Channel and took action by drafting two domestic violence bills
recently signed into California law by Governor Jerry Brown. In partnership with the Global Center
for Women and Justice, Klaus’s film is also a recipient of the 2012 Mary Byron Project Award.
“This film would have never happened without so many people, including the community here
at Vanguard,” Klaus told students. She also passed along her grandmother’s sage advice: “Have
courage, follow your dreams, create change, and do what is right.”
AT VANGUARD, PROFESSORS REGULARLY PLANT SEEDS OF PROMISE IN STUDENTS; WHEN THESE SEEDS
GERMINATE AND HOW FAST THEY GROW IS IMPOSSIBLE TO PREDICT, BUT SEEING THEM IN FULL BLOOM
IS WORTH EVERY BIT OF CULTIVATION.
I PRESS ON TOWARD THE GOAL FOR THE PRIZE OF THE UPWARD CALL OF GOD IN
CHRIST JESUS. —PHIL IPPIANS 3:14
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:beyond integration
: 2011 - 2012 ANNUAL REPORT
STUDY ABROAD PROGRAM
:beyond the classroom
Studies show that study abroad programs, such as VU Italia 2012, greatly enhance
academic, intercultural, vocational, and personal student development. Add in
the unique professor-mentor bond that students cultivate with their professors at
Vanguard, and the lifelong impact of such programs grows exponentially.
In May 2012, VU Italia study abroad program took students on a one-month
academic trip to Italy in exchange for 9-units of academic credit and a lifetime of
experience to draw upon. “You connect with students in a different way,” says Dr. Ed
Rybarczyk, professor of systematic theology and co-leader of VU Italia 2012. “You
experience life together for a month…you get to know the students very well and
appreciate who they are, what they’re interested in, and what they’re good at.”
Amid busy schedules that included study, worship, sight-seeing, and family-style
dinners, students learned to open their minds and hearts to new perspectives and
sharpen their critical thinking skills. Anthropology student Rebecca Datillo says of
the hands-on learning her professors provided: “My worldview was broadened, and it
allowed me to have a more global perspective.”
“IT SHOULD BE A PRIORITY FOR EVERY STUDENT TO SPEND SOME TIME – AT LEAST A MONTH, A
SUMMER, OR A SEMESTER – ABROAD. START EARLY AND THEN YOU HAVE A WHOLE LIFETIME TO
APPRECIATE THESE DIFFERENT PLACES AND CULTURES YOU ENCOUNTER.”
–ED WESTBROOK, PROFESSOR OF BUSINESS LAW AND CO-LEADER OF THE VU ITALIA 2012 STUDY ABROAD PROGRAM
. . . OUR UNDERSTANDING OF THE WORLD — INFORMS AND DEEPENS OUR FAITH,
BRINGING COLOR AND L IFE IN SURPRISING WAYS . . .
:beyond the classroom
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LETTER FROM VICE PRESIDENT FOR BUSINESS AND FINANCE:
MRS. LETTIE COWIE VICE PRESIDENT FOR BUSINESS AND FINANCE
Vanguard University continues to improve its financial position due to diligent budget
and fiscal policies. We are seeing a continued improvement to cash position and
debt reduction, with increased revenues targeted to achieving University goals. We
are transitioning to long range budget planning with a focus on sustainable budget
practices. Our priorities include investing in people, transforming the campus, and
outstanding operational stewardship, while funding the mission of moving the
University into the future prepared to equip each student for Spirit-empowered life of
Christ-centered leadership and service.
FOR A COPY OF THE REPORT OF INDEPENDENT AUDITORS AND CONSOLIDATED FINANCIAL STATEMENTS
PLEASE CONTACT LETTIE COWIE, VICE PRESIDENT FOR BUSINESS AND FINANCE AT 714.966.5484.
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ASSETS:
Cash and cash equivalents $ 8,585,402 $ 6,759,561
Student accounts receivable, net of allowance of $750,692 and $296,403 as of June 30, 2012 and 2011, respectively 622,934 1,662,912
Estates receivable 1,278,045 394,380
Grant receivable — 8,008
Prepaid expenses 520,387 452,618
Promises-to-give 78,212 78,212
Notes receivable, net of allowance — —
Investments 3,715,934 4,029,681
Student loans receivable, net of allowance of $300,000 as of June 30, 2012 and 2011 2,058,745 2,074,331
Other assets 1,445,599 2,085,592
Land, buildings, and equipment, net of depreciation 25,833,811 25,343,072
TOTAL ASSETS $ 44,139,069 $ 42,888,367
L IABIL IT IES:
Accounts payable $ 1,018,411 $ 875,491
Accrued expenses and other liabilities 2,033,398 1,843,708
Deposits and deferred revenue 1,316,762 371,732
Student refundable credits 1,532,417 1,726,315
Tuition remission liability 334,237 373,082
Capital lease obligations — 348,596
Notes payable 25,980,401 27,879,085
Perkins loan liability 1,980,523 1,980,358
Trust and remainder life obligations 501,565 595,103
TOTAL LIABILITIES $ 34,697,714 $ 35,993,470
NET ASSETS:
Unrestricted net assets (deficit) 2,431,914 (630,841)
Temporarily restricted 4,256,232 3,905,768
Permanently restricted 2,753,209 3,619,970
Total net assets 9,441,355 6,894,897
TOTAL LIABILITIES AND NET ASSETS $ 44,139,069 $ 42,888,367
YEAR ENDED JUNE 30, 2012 2011
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: 2011 - 2012 ANNUAL REPORT
CONSOLIDATED STATEMENT OF ACTIVITIES
SUPPORT AND REVENUE:
Student tuition and fees $ 45,503,171 $ — $ — $ 45,503,171
Less: institutional scholarships (17,091,148) — — (17,091,148)
Auxiliary services 8,367,974 — — 8,367,974
NET REVENUE 36,779,997 — — 36,779,997
Contributions and private grants 1,479,170 1,248,706 133,239 2,861,115
Other income 790,838 4,388 — 795,226
Federal grants 115,111 — — 115,111
Investment income 17,431 — — 17,431
Net assets released from restrictions: Satisfaction of donor restrictions 773,937 (773,937) — —
TOTAL SUPPORT AND REVENUE 39,956,484 479,157 133,239 40,568,880
OPERATING EXPENSES:
Program services:
Instructional $ 12,180,103 $ — $ — $ 12,180,103
Academic support 1,003,430 — — 1,003,430
Student services 6,068,406 — — 6,068,406
Auxiliary services 4,281,811 — — 4,281,811
Support activities:
Institutional support 13,806,396 — — 13,806,396
Fundraising 514,499 — — 514,499
TOTAL OPERATING EXPENSES 37,854,645 — — 37,854,645
Change in net assets from operations 2,101,839 479,157 133,239 2,714,235
Other changes in non—operating activities:
Endowment investment (loss) — (76,547) — (76,547)
Transfer and restoration of underwater endowment balances (8,426) 8,426 — —
Loss on sale of assets (30,658) — — (30,658)
Net change in split—interest agreements — (60,572) — (60,572)
(39,084) (128,693) — (167,777)
Change in net assets before reclassification 2,062,755 350,464 133,239 2,546,458
Reclassification of endowment corpus 1,000,000 — (1,000,000) —
Change in net assets 3,062,755 350,464 (866,761) 2,546,458
Net assets, beginning of year (630,841) 3,905,768 3,619,970 6,894,897
NET ASSETS, END OF YEAR $ 2,431,914 $ 4,256,232 $ 2,753,209 $ 9,441,355
YEAR ENDED JUNE 30, 2012
UNRESTRICTED TOTALTEMPORARILY
RESTRICTEDPERMANENTLY
RESTRICTED
17
YEAR ENDED JUNE 30, 2011
CON
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SUPPORT AND REVENUE:
Student tuition and fees $ 41,671,467 $ — $ — $ 41,671,467
Less: institutional scholarships (15,009,507) — — (15,009,507)
Auxiliary services 7,360,557 — — 7,360,557
NET REVENUE 34,022,517 — — 34,022,517
Contributions and private grants 1,002,902 1,127,686 57,217 2,187,805
Other income 1,423,494 11,324 — 1,434,818
Federal grants 578,262 — — 578,262
Investment income 27,385 — — 27,385
Net assets released from restrictions: Satisfaction of donor restrictions 1,237,392 (1,237,392) — —
TOTAL SUPPORT AND REVENUE 38,291,952 (98,382) 57,217 38,250,787
OPERATING EXPENSES:
Program services:
Instructional 11,803,366 — — 11,803,366
Academic support 989,792 — — 989,792
Student services 5,902,152 — — 5,902,152
Auxiliary services 3,852,255 — — 3,852,255
Support activities:
Institutional support 11,505,036 — — 11,505,036
Fundraising 901,084 — — 901,084
TOTAL OPERATING EXPENSES 34,953,685 — — 34,953,685
Change in net assets from operations 3,338,267 (98,382) 57,217 3,297,102
Other changes in non—operating activities:
Endowment investment income — 446,234 — 446,234
Transfer and restoration of underwater endowment balances 93,565 (93,565) — —
Loss on sale of assets — — — —
Net change in split—interest agreements — — — —
93,565 352,669 — 446,234
Change in net assets before reclassification 3,431,832 254,287 57,217 3,743,336
Reclassification of endowment corpus — — — —
Change in net assets 3,431,832 254,287 57,217 3,743,336
Net assets, beginning of year (4,062,673) 3,651,481 3,562,753 3,151,561
NET ASSETS, END OF YEAR $ (630,841) $ 3,905,768 $ 3,619,970 $ 6,894,897
UNRESTRICTED TOTALTEMPORARILY
RESTRICTEDPERMANENTLY
RESTRICTED
: 2011 - 2012 ANNUAL REPORT
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A SPECIAL THANK YOU TO EACH DONOR AND FRIEND OF THE UNIVERSITY WHO
MADE IT POSSIBLE TO SERVE 2,200 STUDENTS WITH A HIGH QUALITY EDUCATION IN
A CHRIST-CENTERED COMMUNITY. FOR A COMPLETE L IST OF DONORS, PLEASE VISIT
OUR DIGITAL WALL OF HONOR AT GIVE.VANGUARD.EDU/DONORS
55 FAIR DRIVE, COSTA MESA, CA 92626 / vanguard.edu