Worcester Polytechnic Institute

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Worcester Polytechnic Institute
Presentation to the Advisory Boards October 13,
2006
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New Management Team
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Vision 2015

• Students and Student Life
• Undergraduate enrollment of 3,400
• Graduate enrollment of 1,600
• Increase percentage of undergraduates living on
  campus to 70
• New and renovated residence facilities
• Newly-constructed sports and recreation center
• Indoor garage with parking for 600 cars

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Vision 2015

• Academic
• Research funding of 40 million
• Stronger core competencies in engineering,
  science, technology, and management, with special
  strengths and leadership in such areas as
• Life sciences and bioengineering
• Entrepreneurship and business development
• Media, technology, and communication
• Environmental engineering and science
• BA programs in selected fields within the
  humanities, arts, and social sciences
• School of Management with a full-time, one-year,
  MBA Program and separate building

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Vision 2015

• Academic (continued)
• WPI Gateway Park, a life-science and
  technology-based development with
• WPI life science (whole) departments
• Bioengineering Institute offices and programs
• Bioengineering-related corporate tenants
• WPI corporate professional education division
• WPI graduate housing
• WPI-based programs in education, training,
  technology commercialization, and business
  incubation
• An industry leader in corporate and professional
  education
• Renovation and expansion of several academic
  buildings
• Top 50 national research university

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Vision 2015

• Financial
• Completion of major comprehensive campaign
• Endowment of 750 million
• Tuition discount factor of 35

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FY07 Expenditure Budget

• Salaries benefits 61.7 M 58.8
• Equipment, supplies, etc. 22.9 M 21.9
• Debt service depreciation 11.8 M 11.2
• Utilities 5.6 M 5.3
• Contingency 1.5 M 1.4
• Gateway Park 1.4 M 1.4 Total
  expense 104.9 M 100

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FY07 Revenue Budget

• Net tuition fees 72.9 M 69.6
• Auxiliary operations 12.5 M 11.9
• Endowment draw 9.8 M 9.3
• investment income
• Extended education 3.4 M 3.2
• Indirect cost recovery 3.0 M
  2.9
• Unrestricted gifts 2.2 M 2.1
• Other revenue 1.1 M
  1.0 Total revenue 104.9 M 100

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(No Transcript)
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Budgeted Expense by Area
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Vision 2015

• Reputation
• Project-enriched, world-class education preparing
  students for achievement, leadership, and
  fulfillment
• Excellent research focused on important problems
  and innovative technologies and science
• Driver of technology commercialization
• Culture supportive of women faculty and students
• Ethical, diverse, principled, stimulating
  community
• Emphasis on civic responsibility and leadership

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Key Performance Indicators
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Student Demand

• Number of applications reached an all-time high
  for Fall 2006.

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Student Quality

• Strong average combined SAT scores maintained
  during enrollment growth.

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Student Quality

• High class rank ( in top 5th of class)
  maintained during enrollment growth.

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Tuition Discount

• Impact of new enrollment management strategies
  driving decline in tuition discounting while
  growing enrollment.

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Fundraising Results (In Millions)

• Consistent fundraising history.

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Research Award Volume(In Millions)

• Level of research growing with investments in
  faculty and Gateway Park development.

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Change in Net Assets from Operating
Activities(In Thousands)

• Operations have returned to positive results.

FY2006
FY2002
FY2003
FY2005
FY2004
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Expendable Resources(In Millions)

• Balance sheet continues to strengthen.

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Endowment-Market Value History(In Millions)

• Market value of endowment reached 354 million
  as of June 30, 2006.

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EndowmentTen-Year Return History