2019-2020 President's Annual Report

The Pres ident’s Pen

Dear Alumni and Friends of Texas College,

I pray that all is well and that you are remaining safe during these unprecedented times. I am pleased to provide you with a summary of the academic year as presented in this 2019-2020 President’s Annual Report. Each year a report of this nature is prepared to provide an abridged update of the events and status of the college for your information. Thank you for your continued financial support and prayers; this remains needed for such a time as this. I am pleased to share that the information provided is a result of the support that the college has and continues to receive. Moreover, with the contributions of many different entities the college had a great fiscal year as compared to the year prior 2018-2019. To this end, the total assets increased; the investments (at fair value) were reported as increased; the tuition and fees increased; and the operating expenses decreased. All of the aforementioned are significant accomplishments for us.

It should also be noted that the college and the world also experienced the onset of having to deal with the COVID-19 pandemic, which caused the year to end in an unprecedented manner. Texas College as the various communities and business of the world must now begin to embrace at “new normalcy,” as we move into our future. For your information, this report also includes an abridged account of the college’s response to matters associated with the pandemic.

Again, thank you for your continued support of Texas College. Our prayers remain with you; stay safe!

Sincerely,

Dwight J. Fennell President

i 2019- 2020 Pres i dent ’ s Annual Report