Alcorn State University | President's Report by AlcornState

2019 & 2020

A LCOR N S TATE UNIV ER SIT Y

President’s Report

www.alcorn.edu

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A L E T T E R F R O M DR . F E L E CIA M. N AV E

“While this role is a dream coming to fruition, I do not believe it is by coincidence that I am serving as the university’s president during this particular moment in time. I am personally and professionally invested in the advancement of all students through education.” — D R. FELECIA M. N AVE

A Letter from Dr. Felecia M. Nave Having grown up right around the corner, Alcorn State University felt like home to me long before I enrolled in my first freshman class. Then, during my four years as a Brave, I learned so much more than what you can find in between the pages of a book. The confidence and identity I gained at Alcorn have carried me in every step of my professional and personal life. And on July 1, 2019, I returned to our beloved campus as the university’s 20th president. In the time since I returned home, our entire community—our Alcorn family—has endured experiences that impact every aspect of our shared life together. We have persisted through a pandemic unlike anything we have known in our lifetimes, along with a subsequent recession that disproportionately rocked under-resourced communities. These realities, in tandem with a painfully delayed racial awakening, have divided our country and changed the way we know and respond to one another. When Alcorn began the search for the university’s 20th president, that dedicated committee could have never predicted that the leader they were choosing would need to guide the community through these challenges. Still, they sought a leader with high academic standards, a passion for quality education, a commitment to a diverse community, and an understanding of the values and mission of Historically Black Colleges and Universities (HBCUs). This past year, the necessity for those qualities has become imperative in ways that are still unfolding.

We wrapped up 2019 by planning for a 2020 inauguration celebration and looking ahead to our university’s 150th anniversary. When the early months of the new year revealed a different and unexpected reality, however, we did what Alcorn does best: placed the students at the center and innovated. We made the transition to virtual classes while maintaining a high standard of academic excellence and above all, a sense of hope and trust in our community. Those undeniable consistencies positioned us for a successful phased, in-person return in the fall of 2020. Since our return, we have not wasted a single moment. We charged forward with the future in mind and completed a robust strategic planning process; launched a campus master plan process; and, with the help of our largest single donor gift to date from MacKenzie Scott, began the real visioning for our next 150 years. The pages that follow provide a glimpse into the first two years of my presidency. This time, which is marked by both unprecedented trial and unmatched innovation, serves as the foundation for the good and meaningful work that is to come.

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TA B L E O F C O N T E NTS

Contents Alcorn State University Leadership Team

A Commitment to Academic Excellence

About Alcorn State University

Points of Pride

A Promise of Lifelong Impact

A Focus on Our Future

A Search for Alcorn’s Mission Personified

Looking Ahead to Our Brave Future

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AL C O RN S TAT E U N IV E R S ITY L EA D E R S HIP TE AM

Alcorn State University Leadership Team

Dr. Felecia M. Nave

Dr. Ontario S. Wooden

Dr. Cornelius Wooten

Dr. Tracy M. Cook

Larry Orman

Marcus Ward

Derek Horne

Senior Vice President for Finance, Administrative Services, and Operations

Senior Vice President for Finance for Administrative Services and Operations

Vice President for Student Affairs and Enrollment Management

President

Vice President for Marketing and Communication

Vice President for Institutional Advancement

Intercollegiate Athletics Director

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A Commitment to Academic Excellence

A C O M M I T M E N T TO ACAD EMIC EXCE L L E N CE

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A C O M M I T M E N T TO ACAD EMIC EXCE L L E N CE

About Alcorn State University An Identity Rooted in History Alcorn State University is marked by 150 years of academic excellence. From our founding as the nation’s first public historically Black landgrant institution to creating great advantages and opportunities for our students, Alcorn is rooted in our powerful place in history. Alcorn’s approach to education is one that forms the whole person. It is about transformation—a discovery process through which students find their voices and passions and learn to think critically and independently while gaining new knowledge and building character. Alcorn seeks students of every background, interest, outlook, and talent—looking at the whole student and the whole record, with the aim of gathering together diverse and promising individuals who will challenge, inspire, and encourage one another.

Lorman

C A M PU S ES

3,500 S TU DENTS

Vicksburg

DEGR EE GR A NTING S C H O O LS

P R O GR A M S BAC H ELO R ’ S, M A S TER ’ S & DO C TO R A L DEGR EES

Natchez

A C O M M I T M E N T TO ACAD EMIC EXCE L L E N CE

Mission Statement Alcorn State University, a Historically Black College and University, is a comprehensive landgrant institution that celebrates a rich heritage with a diverse student and faculty population. The University emphasizes intellectual development and lifelong learning through the integration of diverse pedagogies, applied and basic research, cultural and professional programs, and public service and outreach, while providing access to globally competitive academic and research programs. Alcorn strives to prepare graduates to be well-rounded future leaders of high character and to be successful in the global marketplace of the 21st century.

Vision Statement Alcorn State University will become a premier comprehensive land-grant university. It will develop diverse students into globally competitive leaders and apply scientific research through collaborative partnerships that benefit the surrounding communities, states, nation, and world.

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A C O M M I T M E N T TO ACAD EMIC EXCE L L E N CE

Points of Pride Doctor of Nursing Program Launch Alcorn’s new Doctor of Nursing Practice (DNP) program is the first doctorate program to be offered at the university in school history. The DNP program offers a full-time progression option to graduates of the Family Nurse Practitioner (FNP) master’s degree program. The program provides advanced education in evidence-based practice, quality improvement, healthcare systems, evaluation of practice models, and health policy.

David M. Halbrook Trophy Winner—Two Years Running Alcorn State University’s studentathletes have once again represented the university with their supremacy in athletics and academics. The university won the David M. Halbrook Trophy during the 2019 Mississippi Association of Colleges and Universities’ (MAC) annual conference in Bay St. Louis, Mississippi. This is Alcorn’s second consecutive year winning the award.

Research Expenditures In a combined assessment of total research expenditures and graduates’ bachelor’s-to-Ph.D. attainment: Ǽ Alcorn ranks No. 38 of 684 among comprehensive, regional, master’s universities in research nationwide Ǽ Alcorn ranks No. 1 in research among all comprehensive, regional, master’s universities in Mississippi

2020 Best College Rankings The rankings and accolades for Alcorn grew as the university was listed in five national and regional categories by U.S. News and World Report in their 2020 Best Colleges Rankings. Alcorn maintained a solid showing as it was once again ranked among the top 25 HBCUs in the nation for its offering of a high-quality education. Alcorn ranks 23rd on U.S. News & World Report’s Best Historically Black Colleges and Universities list for 2020.

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A C O M M I T M E N T TO ACAD EMIC EXCE L L E N CE

Alcorn Athletics Alcorn is a Division I university that empowers excellence in academics, athletics, and in life. The Department of Athletics operates with integrity while maintaining a highly competitive, visible athletics program consistent with the overall mission of the institution. Alcorn Athletics provides outstanding support for student-athletes, coaches, and athletic administrators to achieve success academically, athletically, and professionally.

Football

Baseball

Tennis

Basketball

Soccer

Won 2019 Conference Championship

11-10 win over Alabama A&M

Men’s tennis program blanked Florida A&M 4-0

Women’s basketball program dominated 77-39 for the most lopsided conference win since 2001-02

Women’s soccer program broke the school’s singlegame scoring record with a 6-3 win over Mississippi Valley State

Won 2019 East Division Title

#FearTheBrave

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A Promise of Lifelong Impact

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A P R O M I S E O F L I F ELO N G IMPACT

Achievement Home Depot Retool Your School

Dr. Keith McGee Named Associate Provost for Research, Innovation, and Graduate Education

Alcorn received a $50,000 award from Home Depot, allowing the university to make upgrades and improvements to all dormitories. In preparation for the 2020 fall return, residence hall lobbies received a fresh coat of paint along with new lobby furniture. Other improvements to dormitories included the replacement of all desk chairs and dressers in Beulah Robinson and Albert Lott residence halls, and new mattresses have been placed in the Honors and Natchez residence halls. Finally, John Burrus Hall received a new roof.

With the appointment, Dr. McGee is responsible for providing leadership in developing a clear research vision and growing the university’s research footprint while leading and elevating the university’s interdisciplinary research activities. He will provide direction and change management to the administrative and professional staff within the Office of Research and the Office of Graduate Studies as well as work closely with the Office of Sponsored Programs and Research.

Election of Hiram Revels Commemorated in the Two Mississippi Museums The Mississippi Department of Archives and History (MDAH) commemorated the 150th anniversary of the historic election of Hiram Revels as the first African American to serve in the U.S. Senate in a ceremony at the Old Capitol in Jackson. On January 20, 1870, the Mississippi Legislature convened in the Old Capitol and elected Revels to the U.S. Senate. The historic moment was celebrated in the same chambers where legislators voted. Prior to 1913, U.S. senators were elected by state legislatures rather than by popular vote. On February 25, 1870, after Mississippi was readmitted to the United States, the U.S. Senate voted to seat Revels. Revels’ historic contribution is now commemorated in the Two Mississippi Museums.

Mississippi National Guard Collaboration The Mississippi National Guard began a collaboration to form the Braves Free Tuition Program. Alcorn and the Mississippi National Guard partnered on this initiative, which grants eligible Mississippi Army and Air National Guard members free tuition.

Dr. Ontario Wooden Named New Provost and Senior Vice President for Academic Affairs Following a nationwide search, Dr. Wooden will pave the way for student success and faculty excellence at Alcorn. He will be responsible for facilitating the effective and efficient delivery of academic and support services across the campus, which includes management and oversight of all academic schools, the registrar, research and graduate studies, 1890 Research/Extension, library, institutional research, and Institutional Effectiveness and Assessment/ Accreditation. Wooden will serve as a member of the President’s Executive Cabinet.

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Building

Student Success

Technology Classroom Building Alcorn held a groundbreaking ceremony for the Technology Classroom Building, an innovative new structure that caters to the betterment of business students. The building, which is more than 38,000 square feet, is a state-of-the-art facility and now home to Alcorn’s School of Business.

Water Treatment Plant Alcorn continues to push boundaries to advance the progress of the university with the latest structural addition to the Lorman campus. Alcorn now operates one of three reverse osmosis treatment plants in the state of Mississippi.

Scholar Makayla Wiley Earned Coveted Bardsley Scholarship and Entry into Mississippi State’s College of Veterinary Medicine Hard work and dedication to her studies earned one Alcorn graduating senior a prestigious scholarship in veterinary medicine. The Mississippi State University College of Veterinary Medicine recently awarded Makayla Wiley, a Kosciusko, Mississippi native, with the Bardsley Scholarship. Wiley is one of 12 students selected to the class of the Doctor of Veterinary Medicine program.

Emmanuella Kyllians Named HBCU White House Competitiveness Scholar The 2020 White House Initiative on Historically Black Colleges and Universities included a representative from Alcorn—Emmanuella Kyllians, a senior biology major from Nigeria. She was selected as a 2020 HBCU Competitiveness Scholar for the 20202021 academic school year. Kyllians is one of 44 students from 33 HBCUs selected for the White House Initiative.

NASCAR Selects Alcorn Alumnus Alvin Wilson for Drive for Diversity Pit Crew Development Program Alvin Wilson, a Lexington, Mississippi native, was selected to join the NASCAR Drive for Diversity Pit Crew Development Program following an impressive showing at the program’s combine. Wilson, along with six other former student-athletes from across the nation, relocated to Charlotte, North Carolina to train in the six-month pit crew training program in hopes of landing a position as a tire changer, carrier, or jackman.

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Faculty & Staff Excellence Dr. Girish Panicker Elected to Southern Cover Crops Council Board of Directors

Ravola and Roy Presented at the 4th Annual Advancing Mississippi Conference Dr. Martha Ravola, interim chair and associate professor for the Department of Human Sciences; and Dr. Debarshi Roy, an assistant professor in the Department of Biological Sciences; joined by Sofia Levleva, a sophomore biology student; presented their research at the 4th annual Advancing Mississippi Conference in Jackson, Mississippi. Ravola and Roy presented findings from two of their research areas, “A Systematic Analysis of the Economic Impact of Childhood Obesity,” and “Health Disparity, Increased Obesity, and CancerTriggering Concerns for Mississippi.”

In 1980, Dr. Panicker set out to pursue a professional career in agriculture. Since then, he has flourished in his profession by holding many titles, winning various awards, and becoming a world-renowned agricultural scientist. Currently, Panicker serves as an associate professor and director of conservation research at Alcorn, a position he has held since 1999. A distinguished scientist, he credits one of his greatest accomplishments as receiving the Pride of India Award from his home country, which recognized him for his achievements both within and outside of the nation.

Dr. Archie Taylor Named as Diverse: Issues in Higher Education 2020 Emerging Scholar Dr. Taylor, an Alcorn biology assistant professor, was recognized for his commitment to leading science students and equipping them for a promising future. Taylor, who earned a bachelor’s degree in biology/premedicine from Alcorn in 2008, is one of 15 distinguished educators from across the country to be named as a

Diverse: Issues in Higher Education 2020 Emerging Scholar.

Alcorn Basketball Legend Larry Smith to Receive 2019 SWAC Alumni Association Lifetime Achievement Award

Theresa Cole Named Educator of the Year by the Mississippi Organization of Associate Degree Nursing

One of Alcorn State University’s most notable former student-athletes was recognized for the historical imprint he left on the Southwestern Athletic Conference (SWAC). Smith was a star on Alcorn’s basketball team, averaging 16.7 points and 11 rebounds between 1976-80. He led the NCAA in rebounds his senior year and helped lead the Braves to three SWAC regular-season championships, two SWAC tournament championships, one NCAA Tournament appearance, and one berth to the National Invitation Tournament (NIT). The two-time SWAC Player of the Year was drafted in the second round of the 1980 NBA Draft by the Golden State Warriors and went on to have a 13-season career, including stints with the Houston Rockets and the San Antonio Spurs. In his first season in the league, Smith led all rookies in rebounds, averaging 12.1 grabs per game, and was named to the NBA’s All-Rookie Team.

An Alcorn School of Nursing professor was recognized for her dedication to teaching. Cole, an assistant professor at the school, was presented with the 2020 Nurse Educator of the Year Award by the Mississippi Organization of Associate Degree Nursing (MOADN).

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Partnership

Challenges IBM Grants Alcorn $2 Million for Participation in the IBM Skills Academy Alcorn announced a multimillion-dollar partnership with IBM on an educational and outreach program designed to develop cutting-edge technological skills that align with evolving industry demands and trends. The grant allows students and faculty to expand the tangible skills they need for today’s IT workforce and the jobs of the future. The IBM Skills Academy is a comprehensive, integrated program delivered through an education portal designed to create a foundation of diverse and high-demand skill sets that directly correlate to what students will need in a high-tech workplace. The learning tracks address advanced topics such as artificial intelligence, cybersecurity, blockchain, data science, and quantum computing. The partnership will also focus on research innovation, global collaboration, and job skills and recruiting. The IBM University Awards program sponsors competitive awards for faculty at universities worldwide.

Alcorn State University’s School of Agriculture Awarded USDA Grant for Student Scholarships

Alcorn Agricultural Policy Center Earned a Grant to Further Assist Minority Farmers and Ranchers

The U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) announced 19 grant awards totaling more than $14 million to provide scholarships at 1890 land-grant colleges and universities. Alcorn State University will be awarded $752,632 for student scholarships. The 1890 Scholarships Program provides scholarships to support recruiting, engaging, retaining, mentoring, and training of undergraduate students. The scholarships are intended to encourage outstanding students at 1890 institutions to pursue and complete baccalaureate degrees in food and agricultural sciences and related fields.

With its new grant, Alcorn can provide even more assistance to minority farmers and ranchers. The USDA awarded the university’s Socially Disadvantaged Farmers and Ranchers Policy Research Center a $1.5 million grant for the 2020 Fiscal Year. The purpose of the grant is outreach and assistance for Black farmers for a one-year term.

COVID-19

A Brave Start

In response to the COVID-19 outbreak, Alcorn students finished the 2019-2020 school year remotely. Alcorn leadership kept their finger on the pulse of what was going on—both within a national framework and on campus. Leadership remained focused on academic continuity, s afety, and the emotional impact on the entire community’s daily lives.

In June of 2020, Alcorn announced A Brave Start: a robust plan for a safe and phased return to campus that allowed for high-quality, in-person instruction.

As the spread continued, Alcorn looked at the bottom line and created a balance to deliver on the university’s mission, as well as delivering high-quality education and a safe environment for students and faculty.

The revised, gradual schedule reduced density and ensured appropriate physical distancing. The availability of personal protective equipment and disinfection supplies, and access to proper testing capabilities for COVID-19, were also put in place in accordance with Mississippi Institutions of Higher Learning (IHL) Safe Start guidelines and the Mississippi State Department of Health. Alcorn leadership considered every safe pathway for the community to engage in beloved traditions. In true Alcorn fashion, the team remained focused on ambitious goals and continuous improvement while staying endlessly positive.

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Celebration

Dennis Thomas Named Candidate for 2021 College Football Hall of Fame Class

Steve “Air II” McNair’s Jersey Officially Retired: Dr. Nave Proclaimed Oct. 26 Steve “Air II” McNair Day

The National Football Foundation (NFF) announced Alcorn graduate Dennis Thomas, from the football program, was included on the 2021 ballot for induction into the College Football Hall of Fame. The ballot was sent to more than 12,000 NFF members and current Hall of Famers whose votes will be tabulated and submitted to the NFF’s Honors Courts, which will deliberate and select the class. Thomas was a two-time Pittsburgh Courier All-America First-Team selection in 1972 and 1973, and a Mutual Black Network All-American in 1974. He was the first and only offensive lineman in SWAC history to earn SWAC Offensive MVP honors. Thomas led Alcorn to four consecutive winning seasons from 1970 to 1973 and compiled a 27-8-1 record. It included the 1970 SWAC Championship, where the Braves finished 8-1 (6-0 SWAC) and accumulated over 3,000 yards of total offense.

The iconic number 9 football jersey, made famous by one of Alcorn State University’s most prolific football student-athletes, will never be worn again. Steve “Air II” McNair’s Braves football jersey was officially retired on Saturday, Oct. 26, during a halftime ceremony of the Braves contest against the Southern Jaguars. The presentation at midfield of SpinksCasem Stadium included Alcorn President Dr. Felecia M. Nave, Director of Athletics Derek Horne, and senior woman administrator.

Thomas was inducted into the SWAC Hall of Fame in 2003 and the Alcorn A-Club Hall of Fame in 2010. He earned the prestigious Distinguished Service Award from the SWAC in 2019.

SWAC Championship: Braves Presented 2018 SWAC Football Championship Rings The Alcorn State Braves football team was welcomed with a nice surprise on the Sunday afternoon following the annual student-athlete convocation. Just in time, and before kicking off their 2019 season, the team and coaches were presented with their 2018 SWAC Football Championship rings. The Braves finished the regular season with a 9-3 record and became the first-ever institution to host the SWAC Championship Game and also the first-ever school to play in five consecutive SWAC title games—a league record.

Felix “Triggerman” Harper Named 2019 SWAC Offensive Player of the Year Felix Harper ended the season with 2,954 yards, 33 touchdowns, nine interceptions passing, and six rushing touchdowns. He took over as the starter after senior Noah Johnson, the SWAC Preseason Offensive Player of the Year, went down with an injury in the third game at McNeese State. Harper won three SWAC Offensive Player of the Week awards. He was named the HBCU National Player of the Week after the win over Prairie View A&M, where he threw for 280 yards and two touchdowns, and also rushed for a score. Harper also earned a helmet sticker on ESPN College Football Final after the win over Savannah State.

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A P R O M I S E O F L I F ELO N G IMPACT

Engagement Planning Five-Year Strategic Plan As we prepare for our sesquicentennial year, Alcorn State University is committed to adopting a forward-focused vision that builds on the success of our past while charting the direction for the future. Alcorn’s success depends on our ability to think strategically and prepare for a future that has become even more complex as we continue to adapt to this new normal. Developing our strategy for success requires data-informed, inclusive, and collaborative planning that captures the collective voice of our entire campus community and community stakeholders. A well-defined strategic plan provides an overarching framework by which the university can focus its energy and resources, strengthen overall operations, and ensures that employees and other stakeholders are working toward

common goals to achieve intended outcomes and results. Additionally, the strategic plan demonstrates to our regional accreditor, SACSCOC, our commitment to institutional effectiveness and prudent allocation of resources in support of the university’s mission and achieving institutional priorities. Alcorn is pleased to announce that Alcorn State University received an award from the Woodward Hines Foundation to support our efforts to develop an innovative and transformative five-year strategic plan. The Alcorn State University Foundation also provided resources that allowed us to leverage the award and hire a consulting firm, The SmithGroup, to work with the campus community in developing a plan that will guide us into the future.

Inspired by Alcorn’s Impact on Her Life, Vivian Smith ‘08 Gives Back to Her Alma Mater by Establishing Scholarship for Student Success Over the years, scholarships awarded by the Alcorn State University Foundation, Inc. (ASUF) have provided countless students with funds to further their education. One of those former recipients is alumna Vivian Smith ‘08, a scientific researcher for Battelle Memorial Institute in Ohio. When no other school would reward her for the excellence she displayed in high school, Alcorn realized her potential, equipped her for her journey, and welcomed her with open arms.

Alcorn Graduate Collett Charlton Lands Dream Software Engineer Position at Apple Headquarters in California Last summer, Alcorn State University graduate Collett Charlton of Jamaica, positioned herself to land her dream career at Apple Headquarters in Cupertino, California. Through the 2019 Apple HBCU Scholars Program, a collaboration between Apple and the Thurgood Marshall College Fund (TMCF), Charlton not only exposed herself to what the technology giant had to offer but also received a glimpse into life as a full-time Apple professional.

Alumnus Marriel Hardy Named One of Delta Business Journal’s Top Minority Leaders of 2019 One of Alcorn State University’s young alumni was recently acknowledged for making incredible strides in leadership in the Mississippi Delta. Marriel Hardy, who earned a bachelor’s degree in mass communications in 2010, was named one of Delta Business Journal’s Top Minority Leaders of 2019 in its November magazine.

Three Alcorn Alums Named Amongst Mississippi’s Most Influential African-Americans for 2019 by Our Mississippi Magazine Three accomplished Alcorn State University alumni—Rep. Alyce G. Clarke, Col. Chris Gillard, and Betina Brandon—were recognized for having a positive impact throughout the state of Mississippi.

A P R O M I S E O F L I F ELO N G IMPACT

A PR OM I S E OF LI FE LON G I M PAC T

Advancement

Alcorn President Felecia M. Nave Challenges Alumni to Contribute to $1 Million Brave Strong Campaign A generous donation by President Felecia M. Nave and her family was made during Alcorn State University’s first football game and is earmarked to eliminate financial concerns for students. The Nave family presented the Alcorn State University Foundation, Inc. with a $10,000 check during halftime of the Alcorn Braves home opener against Mississippi College on Saturday, Sept. 7. The donation pushes the $1 Million Brave Strong Campaign to $327,000.

Nissan Donates $55,000 to Support STEM Programs at Alcorn Dia Dipasupi/Getty Images

Alcorn State University Announces the Largest Single Gift in the School’s History

Alcorn State University announces a historic $25 million gift from American novelist and philanthropist MacKenzie Scott. This gift marks the largest gift from a single donor in the university’s 150-year history. “This gift is truly transformational and we are humbled by Ms. Scott’s generosity,” said Alcorn President Felecia M. Nave. “It will more than double the size of our endowment. The gift will allow the University to enhance its academic offerings and make much-needed investments to continue Alcorn’s mission as the nation’s first public, historically black, land-grant university.”

Nissan North America, Inc. is continuing its partnership with Alcorn State University by granting the university funds to enhance its Science, Technology, Engineering, and Mathematics (STEM) programs. Nissan donated $55,000 to support STEM programs at Alcorn. President Felecia M. Nave appreciates the partnership that the university has cultivated with the company.

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A P R O M I S E O F L I F ELO N G IMPACT

Financials

Liabilities, Deferred Inflows, and Net Position Current Liabilities

Assets and Deferred Outflows Current Assets

Accounts Payable and Accrued Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,618,983 $3,208,880 2020

2019

Cash and Cash Equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40,704,525 $35,368,497 Short-term Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,885,537 $4,885,537 Accounts Receivable, Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,256,159 Student Notes Receivables, Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$12,408,647

$735,617

Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $199,557

$179,518

TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60,781,395

$53,557,816

Unearned Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,275,144 $1,094,843 Accrued Leave Liabilities, Current Portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $682,160 $755,353 Long-term Liabilities, Current Portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,130,000

$1,107,514

Other Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $192,513 TOTAL CURRENT LIABILITIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,898,800

$7,166,590

Nonconcurrent Liabilites Accrued Leave Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,619,953

$3,040,358

Deposits Refundable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $678,436 $669,585

Nonconcurrent Assets

Long-term Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $45,662,111

$46,984,622

Restricted Cash and Cash Equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,963,234

$3,192,437

Restricted Short-term Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,055,340

$1,055,340

Endowment Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $20,193,677

$20,193,677

Capital Assets, Net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $146,244,080

$141,876,698

TOTAL NONCONCURRENT ASSETS. . . . . . . . . . . . . . . . . . . . . . $169,436,331

$166,318,152

TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $138,365,369 $137,443,194

TOTAL ASSESTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $230,097,713 $229,139,534

DEFERRED INFLOWS OF RESOURCES. . . . . . . . . . . . . . . . . . . . . . . $1,381,446 $2,225,297

DEFERRED OUTFLOWS OF RESOURCES. . . . . . . . . . . . . . . . . . . . . $7,879,987 $9,243,566 TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $238,097,713

$229,139,534

Net Pension Liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,787,222 $75,156,617 Net OPEB Liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,718,847 $4,425,422 TOTAL NONCONCURRENT LIABILITIES . . . . . . . . . . . . . . . . . $129,466,569

$130,276,604

TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $139,746,815

$139,668,491

Net Position Net Investment in Capital Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 103,308,832 $98,331,085 Nonexpendable: Restricted for Other Purposes. . . . . . . . . . . . . . . . . . . . . . $17,468,403 $17,468,403 Expendable: Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $551,700 $550,327 Unrestricted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $22,978,038 $26,858,772 TOTAL NET POSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $98,350,898

$89,471,043

PR E S I D E N T ’ S R EP O R T | A LCOR N S TAT E U N I V E R S I T Y

A Focus On Our Future

PR E S I D E N T ’ S R EP O R T | A LCOR N S TAT E U N I V E R S I T Y

A F O C U S O N O U R F UTUR E

A Search for Alcorn’s Mission Personified In December of 2018, Alcorn State University put out the call for our 20th university president. Alcorn sought a president who embodied the qualities necessary for innovation and growth in the next 150 years as a university. Excellent academic credentials and record of scholarship or equivalent experience and accomplishments that command the respect of the university community Passion for and commitment to excellence in undergraduate and graduate education Senior-level experience managing large and complex organizations with the ability to work with both internal and external constituencies, including faculty, staff, students, the local community, alumni, government, the media, and the general public Ability to prepare and implement a comprehensive and fiscally responsible university budget Experience working effectively with federal, state, and local officials

Commitment to a diverse student body, faculty, and staff and to promoting issues of multiculturalism Ability to work successfully within a statewide system of higher education Appreciation for the importance of sustainability to the future of the university and the community An understanding of the values and mission of historically black colleges and universities An understanding of the values and mission of landgrant institutions An appreciation for the value of a strong Division I intercollegiate athletic program

A Call Answered from Within On July 1, 2019, Dr. Felecia M. Nave, an Alcorn legacy and alumna, returned home as our university’s 20th president and first female president.

educator and leader in complex collegiate environments— serving at nationally known HBCUs, such as Prairie View A&M and North Carolina Central University.

Dr. Nave graduated cum laude from Alcorn in 1996 with a bachelor’s degree in chemistry. She went on to earn her master’s in chemical and environmental engineering and her doctorate in engineering, both from the University of Toledo. She has since spent nearly 18 years as an innovative

A grounded and collaborative leader, Dr. Nave is committed to planning and resource alignment, shared governance, a student-centered approach, and a commitment to the professional development of the campus community.

“Alcorn’s first president, Hiram Revels, helped to carve a path for us all. I’m confident that future Alcorn graduates will help to carve a path for this nation just as he did, right here in Lorman, MS.” — ROGER WIC KER US SEN ATOR

A F O C U S O N O U R F UTUR E

Looking Ahead to Our Brave Future In the next 150 years, Dr. Nave envisions Alcorn as a leader amongst the nation’s elite HBCUs and is committed to developing, supporting, and sustaining programs that ensure the university’s success. “This is the year of the woman, so I am very excited about Dr. Nave’s appointment as president,” said Alexandra Johnson, a junior majoring in biology/pre-medicine. “She’s an Alcornite, so she understands the atmosphere of the university and what it needs to succeed. I believe that she will live up to high expectations.” The past year will forever be marked by worldwide, unprecedented events. But as a university family, we will mark this year as one of innovation and perseverance. As one Brave community, we have experienced lows and still persisted to answer the call for continued excellence in all areas of our shared life together.