ANNUAL REPORT
2021
A CHRISTIAN COMMUNITY OF FAITH AND LEARNING
REGIONALLY & NATIONALLY ACCREDITED FOR ASSOCIATE’S, BACHELOR’S, & MASTER’S DEGREES
PROGRAMS OF STUDY 50 70% FACULTY WITH HIGHEST DEGREE IN FIELD OF STUDY
18 th RANKED
BEST REGIONAL COLLEGES SOUTH & wORLD RePORT
U.S. NewS
STUDENTS REPRESENT STATES 23 COUNTRIES 4
The effects of the Coronavirus on the college were immense. Yet God has faithfully led, showing us at every step of the way that He is holding this institution in the palm of His hand. Given the difficulty of our circumstances, I am in awe of the way God has protected Welch, placing us in a solid position to weather the COVID-19 storm and come out strongly positioned for the most successful era of mission fulfillment and growth the college has ever experienced.
2021 PRESIDENT'S REPORT
THE 2020–21 FISCAL YEAR WAS ONE OF THE MOST CHALLENGING YEARS IN WELCH’S HISTORY.
FINANCES
Welch College did well financially, given the present unforeseen circumstances. Had we been able to meet with key donors in 2020 and much of 2021, and had the pandemic not impaired our largest potential donors’ ability to make planned large gifts, we would have had the best twelve months financially that Welch has ever experienced.
Had the pandemic not depleted our enrollment by 15%, we would have had the largest enrollment in 37 years. Still, owing to budget cuts, careful management of spending, and federal relief/stimulus aid, we had a deficit of just under $100,000. This is much better than the $765,000 deficit we projected in our 2020–21 budget.
INCREASING ACADEMIC REPUTATION
Our new name (still “new” in terms of higher education branding and positioning) and especially our new campus continue to posture us to leverage our growing reputation as a regionally accredited, Great Commission-oriented college that is strong on conservative, traditional values and is highly ranked by U.S. News and World Report.
Last year we maintained our solid ranking in that publication and for the first time were ranked as one of only three “A+ Colleges for B Students” in our category of 122 institutions. The first time Welch appeared in this ranking, in 2010, we ranked 54th, and even that was in the top half of all the Southern schools ranked in the Regional Colleges South category. So in eleven years we’ve gone from 54th to our ranking of 18th for 2021. To put this in perspective, the next ten colleges in the list that Welch outranked had an average enrollment more than five times our enrollment and an average endowment almost nine times our endowment.
Welch received especially high marks in five strategic areas. Compared to the other 121 institutions in the Regional Colleges South category, Welch ranked:
• 2nd in student-faculty ratio
• 3rd in students who were in the top 25% of their high school graduating class
• 5th in the percentage of classes under 20 students
• 5th in graduation rate
• 8th in first-year student retention rate
• 8th in alumni giving rate
We recently learned that we have been ranked 8th for the
2022 edition. In the midst of the COVID-19 crisis, our new campus is impressive to prospective students and their parents. We won a second architectural award from the nationally reputed Learning By Design magazine.
These considerations will outlive the current crisis, bringing enrollment growth. The launch of Welch Divinity School and the new M.Div. program, which we worked on the entire year last year and opened in August, is just the tip of the iceberg of the new programs and enrollment growth we envision, which will enhance our competitive position. Despite our losses in enrollment last year owing to COVID-19, we are still among the top colleges and universities in the Tennessee Independent Colleges and Universities Association (TICUA) in terms of five-year enrollment growth. Our growth rate is still strong in terms of traditional collegeage students, not just adult, graduate, and professional programs like most TICUA schools.
Despite COVID-19, we still had a higher enrollment than in 28 out of the last 37 years. Other measures of our public's confidence in our quality include average ACT scores, percent of legacy students (children of alumni) enrolled (more than twice the number of most Christian colleges and universities), and the number of alumni who financially support the college each year (top 7% in our category).
ACADEMIC EXCELLENCE
We continue to increase our academic excellence as an institution. Our percentage of earned doctorates—70%—has doubled in recent years. The new faculty ranking system we recently instituted will drive this percentage higher. Our student evaluations of classroom teaching look better than they have at any time during my presidency. Our students and graduates laud their professors for combining academic excellence with personal, spiritual mentoring. 2019 graduate Matt Honeycutt, pastor of Harper Road Free Will Baptist Church in Joelton, Tennessee, for example, recently said:
The faculty were excellent. You had confidence walking into a class, knowing that these teachers were highly trained from great universities. They’re here, and they’re giving us that knowledge, passing it on to us. They genuinely cared about what we were learning. They wanted us to grasp the content. They wanted us to grow in our spirituality. They wanted us to grow in our knowledge of Jesus, to grow more intimately in our love for Him. I still have those relationships that carry over today. I still speak to the professors and have built friendships with them. That connection is always there. I have been able to contact them with questions I have, and they’ve been able to get back with me in a reasonable amount of time.
2021 ARCHITECTURAL AWARD Learning By Design MagazineFaculty performance is the most direct indicator of retention, and our freshman-to-sophomore retention is continuing to climb, nearing the 80% mark. This is uncommon at institutions like ours that have an academically open enrollment policy, which tend to be closer to 50%, as we used to be.
We are also increasing our number of academic offerings. The new Master of Arts in Teaching (M.A.T.) and undergraduate concentrations in special education, math education, and computer science, as well as the Spanish Ministry Institute, are off to a good start. Earlier this spring, we added a new Theater concentration to the B.A. in Humanities and Arts.
WELCH DIVINITY SCHOOL
Our main new initiative, which has taken up much time and energy this past year, is the Master of Divinity (M.Div.) degree in the newly established Welch Divinity School. As with all new academic programs, it will take a while to get this program off the ground, especially in light of COVID-19, but it will bear more and more fruit in future years. We are amazed at how many of our bachelor’s degree students are interested in continuing on to the M.Div. through the accelerated B.A.-to-M.Div. program made possible by the nearly $500,000 grant from a private foundation.
MORE MINISTERIAL STUDENTS
A common topic of recent conversation in the evangelical community is the need for more ministers to replace the aging Baby Boomers who are retiring from active pastoral ministry. Over the past few years, Welch has been discussing the need to attract more ministerial students. This is difficult because fewer young men are answering the call to ministry in high school.
Furthermore, many who have answered the call to preach cannot afford Welch. So they choose a community college, saying they are going to come to Welch their junior and senior year. But few of those who attend community colleges follow through and enroll at Welch.
For this reason, Welch initiated a new $10,000-peryear scholarship for Free Will Baptist preachers. These students must be Free Will Baptists who want to pursue ordination and who will major in the full pastoral ministry or youth and family ministry programs with full systematic theology and biblical language requirements. This new scholarship has met with success. We have already doubled our number of on-campus, traditional, degree-seeking students pursuing ministry. In fact, this area was one of the few that increased in enrollment during the pandemic. Because of our downturn in
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“I SEE A NEW WAVE OF SUPPORT THAT WILL TRANSFORM OUR COLLEGE TO MOVE IT INTO THE GREATEST ERA OF GROWTH AND MISSION FULFILLMENT IN ITS HISTORY.”
enrollment owing to COVID-19, all other majors, except for Music, Humanities and Arts, and Math Education, saw a decrease in enrollment.
STRATEGIC DEVELOPMENT
Other strategic developments that posture us for future growth, in addition to the new academic programs discussed above, include (1) the completion of Strategic Plan 2020–2030; (2) the increase of the college’s endowment from around $3.4 million to around $4.5 million; (3) favorable reports from the ten-year visiting teams from our accreditors, the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) and the Association for Biblical Higher Education (ABHE) Commission on Accreditation, as well as the Tennessee State Department of Education; and (4) the first graduates of the joint Nursing Program (B.S.N.) with Union University, all of whom have jobs lined up after graduation and have met with rave reviews.
MISSION-DRIVEN
More important than the increase in excellence and reputation the college is experiencing is our continued laser-like focus on our distinctive mission at Welch. Recently Welch hosted ten-year reaffirmation visits of both of our accrediting agencies. The ABHE visiting team gave Welch a formal commendation on its
commitment to its mission of Christ-centered higher education and the way that mission is integrated throughout the institution and is understood not just by the Board and Administration, but by faculty, staff, and students. The ABHE vice president stated that this a rare commendation from ABHE.
This commendation evidences our distinctiveness as an institution. Welch is driven by a commitment to the Bible, its worldview, and its integration into every area of life—how we think, how we feel, and how we live.
Thus a Welch education is centered on helping students to think Christianly, to feel deeply about God’s truth— about the whole counsel of God. Yet it also helps students to apply that to life—to their own spiritual formation, to their bearing witness to the gospel, to
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“WE HAVE DOUBLED OUR NUMBER OF ON-CAMPUS, TRADITIONAL, DEGREESEEKING STUDENTS PURSUING MINISTRY.”
their ministry in the context of the local church, to their place in the fulfillment of the Great Commission, and to their role in transforming culture through the gospel of the kingdom, to “extending the influence of Christ in society, constantly praying and toiling that the kingdom of God may come, and His will be done on earth as it is in heaven,” as our church covenant says.
CONCLUSION
The ministry of Welch College is vitally needed. If secularism continues to gain a foothold in the United States, Welch’s mission will grow in importance. And as secularism infringes on the First Amendment protection for freedom of conscience and religion, seeking to remove funding, tax exemption, and public recognition of traditional religious colleges, schools, and social service organizations, the need for support of Christian higher education will become crucial.
God is raising up numerous new financial supporters for Welch. They believe in our mission, and, following recovery from the Coronavirus pandemic, they want to
help Welch move forward strategically in fulfilling its distinctive mission. I see a new wave of support that will transform our college to move it into the greatest era of growth and mission fulfillment in its history. I encourage you to be part of that wave.
I pray that you will be a part of that group of supporters. I ask that you pray for Welch, support it financially, and recommend students to come and become a part of this Christian community of faith and learning. Thank you for all you do to enable Welch to fulfill the mission it has had since 1942, to educate leaders to serve Christ, His church, and His world through biblical thought and life.
Sincerely,
J. Matthew Pinson PresidentBOARD OF TRUSTEES
MR. MIKE ARMSTRONG
Secretary
Educator
Wheelersburg, OH
DR. WILL BEAUCHAMP
Vice Chairman
Pastor, First Free Will Baptist Church of Tampa
Seffner, FL
REV. TIM CAMPBELL
Pastor, First Free Will Baptist Church
Walnut Ridge, AR
DR. JEFF CRABTREE
Chairman
Pastor, Serenity Free Will Baptist Church
Fredericton, New Brunswick, Canada
REV. SHILOH HACKETT
Pastor, Bethlehem Free Will Baptist Church
Ashland City, TN
REV. WAYNE MIRACLE
Pastor, New Life Fellowship Free Will Baptist Church
Statesboro, GA
REV. BRAD RYAN
Pastor, Ina Free Will Baptist Church
Ina, IL
REV. THERON SCOTT
Pastor, Horse Branch Free Will Baptist Church
Turbeville, SC
REV. CHRIS TRUETT
Pastor, Bethel Free Will Baptist Church
Kinston, NC
REGISTRATION REPORT
TOTAL ENROLLMENT: 419
THE STUDENT BODY REPRESENTS 23 STATES, 1 TERRITORY (USA) AND 4 FOREIGN COUNTRIES (CANADA, JAPAN, PANAMA, AND SPAIN)
*Multiple students pursuing multiple degrees.
**Pursuing vocational Christian ministry: Pastoral, Youth and Family, and General Christian Ministries.
***This number includes all undergraduate and graduate teacher education students, including those pursuing secondary education, who are also counted in their respective programs of study.
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STATES Alabama .......................................... 13 Arkansas .......................................... 10 California .......................................... 1 Colorado ............................................. 1 Florida ............................................. 15 Georgia ............................................. 7 Illinois 11 Indiana 4 Kansas 2 Kentucky 2 Michigan 5 Mississippi 5 Missouri 10 North Carolina 31 Ohio 5 Oklahoma 3 Rhode Island ..................................... 1 South Carolina .................................. 6 South Dakota .................................... 1 Tennessee ...................................... 258 Texas ................................................. 1 Virginia ........................................... 15 West Virginia .................................... 2 US Virgin Islands 3 International 7 CLASSIFICATION Freshman ........................................ 75 Sophomore ...................................... 71 Junior .............................................. 81 Senior .............................................. 81 Graduate (Degree-seeking) .............. 28 Non-degree Part-time ...................... 16 Dual Enrollment 67 VOCATIONAL* Christian Ministry (Grad) 13 Christian Ministry (Bach)** 49 Christian Ministry (Assoc) 14 Christian Ministry (Certificate) 13 Missions 14 Biology (TE Licensure: 3) 9 Business ........................................... 41 English (TE Licensure: 5) ................ 12 Exercise Science (TE Licensure: 2) .. 10 General Studies ............................... 26 History .............................................. 4 Humanities ....................................... 4 Math (TE Licensure: 7) ..................... 7 Music (BME Licensure: 2) 12 Psychology 26 Science/Nursing 26 Teacher Education*** ...................... 57 Non-degree Part-time ...................... 19 Dual Enrollment ............................. 67 OTHER CATEGORIES Full-Time 220 Part-Time 199 Male .............................................. 185 Female ........................................... 234 Single 339 Married 80 Dorm 157 Commuter 75 Graduate School 28 Adult Studies 38 Online Studies 54 Dual Enrollment 67 New 30 Transfer 19 Continuing 303 Dual Enrollment ............................. 67 Free Will Baptist 224 Other 195
TOP GIVING CHURCHES
1. East Nashville Free Will Baptist Church* Nashville TN $662,241.65 2. Riverside Fellowship Free Will Baptist Church* Clinton Township MI $234,900.00 3. First Free Will Baptist Church* Montgomery AL $159,380.00 4. First Free Will Baptist Church* Jasper AL $56,360.00 5. Horse Branch Free Will Baptist Church Turbeville SC $35,196.42 6. Bethel Free Will Baptist Church Kinston NC $33,650.00 7. Unity Free Will Baptist Church Greenville NC $30,930.04 8. Lebanon Free Will Baptist Church Effingham SC $25,905.32 9. Bethel Free Will Baptist Church Chapmansboro TN $21,061.88 10. Piney Grove Free Will Baptist Church Chipley FL $19,927.80 11. First Free Will Baptist Church Albany GA $19,244.00 12. New Hope Free Will Baptist Church Joelton TN $17,048.33 13 First Free Will Baptist Church Topeka KS $15,000.00 14. Ebenezer Free Will Baptist Church Glennville GA $10,225.00 15. Sutton Free Will Baptist Church Pocahontas AR $10,000.00 16. First Free Will Baptist Church Northport AL $9,533.89 17. Woodhaven Free Will Baptist Church Woodhaven MI $9,000.00 18. Garner Free Will Baptist Church Garner NC $8,945.00 19. Bethlehem Free Will Baptist Church Ashland City TN $7,793.00 20. Connect Church Russellville AR $7,761.01 21. First Free Will Baptist Church Walnut Ridge AR $7,750.00 22. Ina Free Will Baptist Church Ina IL $7,612.00 23. First Free Will Baptist Church Dothan AL $7,527.22 * Estate Gifts
We are orienting our student body to seeing themselves and their callings as related directly to church leadership and the Great Commission, regardless of their major.
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24. Peace Free Will Baptist Church Florence SC $6,680.00 25. Grace For The World Ministries Dickson TN $6,500.00 26. Liberty Free Will Baptist Church Marion NC $6,234.00 27. Red Bay Free Will Baptist Church Red Bay AL $6,028.36 28. Porter Free Will Baptist Church Sciotoville OH $5,702.00 29. Peace Free Will Baptist Church Wilson NC $5,583.35 30. Heads Free Will Baptist Church Cedar Hill TN $5,450.00 31. Tippett’s Chapel Free Will Baptist Church Clayton NC $5,438.86 32. Lighthouse Free Will Baptist Church Effingham SC $5,377.62 33. First Free Will Baptist Church Tampa FL $5,200.00 34. Sherwood Forest Free Will Baptist Church New Bern NC $5,097.33 35. Hurricane Chapel Free Will Baptist Church Waverly TN $5,000.00 36. Pine Level Free Will Baptist Church Alma GA $4,800.00 37. Immanuel Free Will Baptist Church Durham NC $4,566.00 38. Westside Free Will Baptist Church Johnsonville SC $4,412.35 39. First Free Will Baptist Church Columbus GA $4,370.00 40. Calvary Fellowship Free Will Baptist Church Fenton MO $4,250.00 41. First Free Will Baptist Church Vernon AL $4,234.62 42. Corinth Free Will Baptist Church Alma GA $4,079.65 43. Cofer’s Chapel Free Will Baptist Church Nashville TN $4,070.00 44. Meadowbrook Free Will Baptist Church Black Mountain NC $4,054.97 45. Connect Church Tupelo MS $4,000.00 46. Liberty Free Will Baptist Church Lawley AL $3,955.47 47. Temple Free Will Baptist Church Winterville NC $3,900.00 48. Fellowship Free Will Baptist Church Kingsport TN $3,687.05 49. First Free Will Baptist Church Washington NC $3,682.00 50. First Free Will Baptist Church Sulligent AL $3,676.30 51. Bethany Free Will Baptist Church Timmonsville SC $3,600.00 52. White Oak Hill Free Will Baptist Church Bailey NC $3,388.00 53. Sand Hill Free Will Baptist Church Coward SC $3,033.00 54. Fairview Free Will Baptist Church Spartanburg SC $2,999.77 55. Cross Timbers Free Will Baptist Church Nashville TN $2,819.42
56. First Free Will Baptist Church Beaufort NC $2,749.20 57. Olivet Free Will Baptist Church Clarksville TN $2,733.16 58. First Free Will Baptist Church Checotah OK $2,723.25 59. Bay Branch Free Will Baptist Church Timmonsville SC $2,647.50 60. Mt. Harmony Free Will Baptist Church Vernon AL $2,588.28 61. Central Free Will Baptist Church Norton VA $2,400.00 62. Cove City Free Will Baptist Church Cove City NC $2,400.00 63. Sylvan Park Free Will Baptist Church Nashville TN $2,352.58 64. Valley View Free Will Baptist Church Loudon TN $2,317.00 65. Fellowship Free Will Baptist Church Richton MS $2,306.50 66. Oaklawn Free Will Baptist Church Chapmansboro TN $2,305.97 67. Bristol Free Will Baptist Church Bristol NB $2,162.00 68. Ashland City Free Will Baptist Church Ashland City TN $2,145.00 69. Liberty Free Will Baptist Church Lebanon MO $2,136.00 70. Ryanwood Fellowship Free Will Baptist Church Vero Beach FL $2,106.00 71. Calvary Free Will Baptist Church Maple Hill NC $2,000.00 72. First Free Will Baptist Church Mountain Grove MO $2,000.00 73. Harmony Free Will Baptist Church Lake Butler FL $2,000.00 74. Union Chapel Free Will Baptist Church Chocowinity NC $2,000.00 75. Glennville Free Will Baptist Church Glennville GA $1,999.80 76. Mill Branch Free Will Baptist Church Johnsonville SC $1,994.34 77. Martin Hill Free Will Baptist Church Booneville MS $1,897.00 78. West Calvary Free Will Baptist Church Smithfield NC $1,854.00
79. Ahoskie Free Will Baptist Church Ahoskie NC $1,850.00 80. Macedonia Free Will Baptist Church Millport AL $1,823.94 81. Serenity Free Will Baptist Church Fredericton NB $1,804.61 82. Evergreen Free Will Baptist Church Erwin TN $1,800.00 83. Hazel Dell Free Will Baptist Church Sesser IL $1,800.00 84. Second Free Will Baptist Church Ashland KY $1,800.00 85. Fawn Grove Free Will Baptist Church Mantachie MS $1,784.48 86. Harper Road Free Will Baptist Church Joelton TN $1,772.00 87. Richland Free Will Baptist Church Nashville TN $1,718.10 88. Columbia Original Free Will Baptist Church Columbia SC $1,610.00 89. First Free Will Baptist Church Bristol VA $1,600.00 90. Sulphur Springs Free Will Baptist Church Northport AL $1,600.00 91. Cedar Hill Free Will Baptist Church Asheville NC $1,584.00 92. Faith Free Will Baptist Church Washington NC $1,572.08 93. West Plains First Free Will Baptist Church West Plains MO $1,571.00 94. Riverside Free Will Baptist Church Sumner WA $1,564.61 95. Cane Ridge Free Will Baptist Church Nolensville TN $1,525.00 96. Loudendale Free Will Baptist Church Charleston WV $1,482.00 97. Rock Springs Free Will Baptist Church Charlotte TN $1,474.06 98. Oak Grove Free Will Baptist Church Greeneville TN $1,466.31 99. First Free Will Baptist Church North Little Rock AR $1,450.00 100. Harris Memorial Free Will Baptist Church Greeneville TN $1,415.00 TOTAL ............................................................................ $1,652,097.45
WELCH FUND GIFTS
$1,395,867.04
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TOTAL: ...................................................................................................
Tennessee $256,331.64 Alabama $228,320.12 Georgia ............................................................... $200,447.26 North Carolina.................................................... $190,414.25 South Carolina .................................................... $113,124.42 Florida................................................................... $97,523.76 Oklahoma ............................................................. $76,499.40 Texas ..................................................................... $37,944.51 Michigan ............................................................... $30,340.00 Missouri $26,017.00 Arkansas $24,774.08 Mississippi $19,628.38 Illinois $17,967.00 Kansas $15,000.00 Ohio $12,794.00 Kentucky $12,175.00 Other $5,439.28 West Virginia $5,103.63 California $4,705.00 Virginia $4,451.06 Indiana .................................................................... $3,723.69 Canada .................................................................... $3,597.87 Washington ............................................................. $2,089.61 Idaho ....................................................................... $1,700.00 Pennsylvania ............................................................ $1,380.66 Virgin Islands .......................................................... $1,189.42 New Mexico ............................................................ $1,012.47 Arizona $609.08 Colorado $600.00 Louisiana $300.00 District of Columbia $285.00 New York $175.00 South Dakota $100.00 Delaware $54.45 Montana $50.00
CORPORATE DONORS & FOUNDATION GIFTS
$100,000 + Kern Family Foundation National Christian Foundation
$50,000 - $99,999
Free Will Baptist Foundation
$10,000 - $49,999
Anonymous
Charles Russell Wellons Foundation
Do Unto Others Trust
ExxonMobil Foundation
FirstBank
Leah Waddell Scholarship Fund
Music Performance Trust Fund
Newberry Family Foundation, Inc.
Norman Eugene Richards TTEE
$1,000 - $9,999
A. Louis Scarmolin Trust
Bone McAllester Norton PLLC
Clayton Properties Group, Inc.
Dollar General
Edward Jones
Howard R. Price Trust
Lewis Letterworks
North American Missions Church Extension Loan Fund
North Carolina Women Active for Christ
Olympian Construction
Sellars of Sumner, LLC
The Goddard School
Truist Financial Corp.
William B. Orkin, Inc.
UNDER $1,000
Ahoskie Christian School
Alabama Free Will Baptist Women Active for Christ
Alvy's Auto Electric
Amazon Smile
Arkansas Women Active for Christ
Cardinal Computer Corp
Christian Brothers Automotive
Cumberland District Women Active for Christ
Fox Run Homeowners Association
Free Will Baptist Family Ministries
Hendersonville Medical Center
J. C. Garrett III Family Foundation
Kroger
Network for Good
North Carolina Randall District Women Active for Christ
Oklahoma Women Active for Christ
Pamlico District Women Active for Christ
Palmer District Women Active for Christ
Puryear Farms, Inc.
Randall Association of Women
Randall House Publications
Rogers Group, Inc.
ServPro Sumner County
South Carolina Women Active for Christ
Tennessee Women Active for Christ
Women Nationally Active for Christ
YourCause, LLC
DONORS
FOUNDER'S CIRCLE
$100,000+
Glenn and Judith Harris
Andrew Clifford Wilson Estate
PRESIDENT'S CIRCLE
$20,000 - $99,999
Mr. and Mrs. William M. Austin
Mr. and Mrs. James W. Beasley
Dr. and Mrs. Michael Bernui
Mrs. Jean Bryan
Mr. and Mrs. Robert Bryan, Jr.
Mr. Leroy and Dr. Fay Forlines
Dr. and Mrs. Paul Inbody
Mr. Tilden E. Parks, Jr.
Mr. Glen Roberts
LEGACY CIRCLE
$10,000 - $19,999
Mr. and Mrs. Phillip D. Faircloth
Ms. Carolyn F. Head
Drs. Douglas and Judy Simpson
Mr. and Mrs. Jerry Linwood Taylor
HERITAGE CIRCLE
$5,000 - $9,999
Mr. and Mrs. Marlon W. Aldridge
Rev. and Mrs. James T. Beck
Dr. David L. and Congressman Diane Black
Mr. John Wayne Bryan, Sr.
Mr. Zenis R. Childress
Mr. and Mrs. Benjamin S. Evans
Rev. and Mrs. William W. Evans
Mr. and Mrs. J. M. Gurganus
Mr. and Mrs. Barney D. Hicks
Mr. and Mrs. Louie Johnston, Jr.
Mr. Fred T. Keifer, Jr.
Mr. and Mrs. Jason King
Mr. Nolan E. Purcell
Mr. and Mrs. Donald L. Smith
EXECUTIVE CIRCLE
$2,500 - $4,999
Ms. Vicki L. Cherry
Chaplain and Mrs. Robert P. Cooper
Rev. and Mrs. Jacob M. Creech
Mrs. Christine L. Daniel
Dr. and Mrs. Mike Edwards
Capt. E. Blant Ferguson
Dr. and Mrs. Richard Frazier
Mr. Jules Hancart
Mr. Charles H. Hart
Mr. and Mrs. Carol K. Harvey
Mr. and Mrs. Jimmy L. Holley
Ms. Regina D. Ivens
Col. and Mrs. Mark Johnson
Ms. Ginger Kerr
Dr. and Mrs. Paul G. Ketteman
Mr. and Mrs. James Maute
Mr. and Mrs. James W. McBride
Mrs. Denise Parker
Drs. Greg and Etta Patterson
Dr. and Mrs. J. Matthew Pinson
Dr. Sharon H. Rodgers
Mr. and Mrs. Leon M. Sandifer
Mr. and Mrs. Thomas A. Sass
Dr. Wright S. Skinner
Chaplain and Mrs. Roy C. Swisher
Rev. and Mrs. David Williford
Mr. and Mrs. Gary W. Wright
Mr. and Mrs. John G. Zubor
LEADERSHIP CIRCLE
$1,000 - $2,499
Anonymous
Mrs. Janie Aldridge
Mr. and Mrs. A. C. Allen
Rev. and Mrs. Billie Charles Barlow
Mr. Edwin L. Beem
Mrs. Verla Blowe
Rev. and Mrs. Tommie D. Carlson
Mr. and Mrs. James R. Carr
Miss Mary V. Carter
Mr. and Mrs. Dennis A. Chamberlin
Mr. T. Ross Clark
Rev. and Mrs. Russell Clouse
Dr. Clarence E. Coker, Jr.
Mrs. Mary Ann Coker
Dr. and Mrs. Jeffrey A. Crabtree
Mr. and Mrs. Thomas A. Davis
Mr. and Mrs. Daniel M. Dean
Mr. and Mrs. David C. Edgil
Mr. and Mrs. J. M. Edington, III
Mr. and Mrs. William W. Ezell
Mr. and Mrs. Ronald W. Ferrell
Dr. Milton B. Fields
Mrs. Sandra Foster
Mr. Darrell L. Fulton
Mr. and Mrs. James S. Futrell
Mr. and Mrs. Joseph E. Gilliam
Mrs. Lena T. Golding
Mr. and Mrs. Joseph A. Goodfellow
Mr. and Mrs. John A. Gorrell
Mr. and Mrs. Walter E. Gragg
Mr. and Mrs. Thomas L. Hale
Mr. Harold B. Hall
Mr. Thurman B. Hall, II
Mr. and Mrs. Watson Hall
Mr. and Mrs. Judy Hanna
Mr. and Mrs. Gordon W. Hart
Rev. and Mrs. Glenn A. Hood
Ms. Barbara Jean Howard
Mr. and Mrs. James L. Hughes
Mr. and Mrs. Jimmy Hunter
Rev. and Mrs. Bobby R. Jackson
Rev. Roy S. Jensen
Mr. and Mrs. Ernest Joyce
Dr. and Mrs. James Kilgore
Mr. and Mrs. Dell D. Lamm
Rev. and Mrs. Andy W. Lay
Mr. and Mrs. Roland L. McBride
Rev. and Mrs. Wayne Miracle
Rev. and Mrs. James C. Mullen, Jr.
Mrs. Juanita S. Nicholson
Mr. and Mrs. Thomas H. Oster
Rev. and Mrs. F. Todd Parrish
Mrs. Shannon S. Pavnick
Dr. Robert E. Picirilli
Mr. and Mrs. John W. Pinson
Mr. and Mrs. John C. Powelka
Mr. and Mrs. Mike Price
Mr. and Mrs. Donald A Richardson
Mr. and Mrs. Eddie Richardson
Mr. Jimmy J. Simons
Mrs. Karen M. Sparks
Mr. and Mrs. Greely D. Stafford
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Mr. and Mrs. Mark Tart
Dr. and Mrs. Charles A. Thigpen
Ms. Peggy H Walker
Mr. and Mrs. Taylor E. Watts, Jr.
Mr. Patrick Weston
Mr. and Mrs. Harold R. Williams
Dr. Melvin Worthington
Dr. and Mrs. Milton Worthington
Dr. and Mrs. Frederick L. Yerby
FRIENDSHIP CIRCLE
$250 - $999
Mr. and Mrs. J. W. Allen
Mr. and Mrs. James D. Allen
Rev. and Mrs. Derek Altom
Mr. and Mrs. Michael L. Armstrong
Mr. and Mrs. Phillip Ashcraft
Rev. and Mrs. Leonard C. Ball
Miss Julie Banner
Miss Molly Barker
Mr. and Mrs. James Barnes
Mr. and Mrs. Lester P. Beacham
Rev. and Mrs. Joe Beckon
Mr. and Mrs. Mitchell Beverly
Mrs. LaDonna Blades
Rev. and Mrs. Ronnie Blanks
Mr. and Mrs. Max Bolin
Mr. and Mrs. Rodney D. Bowen
Mr. and Mrs. Richard W. Bowers
Ms. Hilda J. Boyd
Mrs. Patsy Brooks
Mr. and Mrs. Tildon J. Brooks
Mr. and Mrs. David L. Brown
Mr. Joe C. Brown
Ms. Kay F. Brown
Ms. Mindy Brown
Ms. Debra J. Broyles
Mr. and Mrs. Edgar J. Brumfield
Mr. and Mrs. Larry N. Bryan
Mr. and Mrs. Preston F. Bryan
Mr. and Mrs. Robert T. Bryan
Rev. and Mrs. Paul R. Bryant
Rev. and Mrs. Randall A. Bryant
Dr. and Mrs. Seldon Buck
Mrs. Delores Burns
Mr. and Mrs. Robert Burroughs
Mr. and Mrs. Kevin Buttry
Ms. Gale Cales
Dr. and Mrs. Ronald J. Callaway
Rev. and Mrs. Timothy G. Campbell
Mrs. Betty Capps
Mrs. Gwen Carraway
Mr. and Mrs. John L. Carter
Mr. and Mrs. Robert Carter
Mr. Manuel Casarez
Dr. and Mrs. Rick Cason
Mr. and Mrs. Robert V. Castile
Rev. and Mrs. Jeffrey L. Caudill
Miss Doris J. Chamberlin
Mr. Bobby Clark
Mrs. Donna Clark
Mr. and Mrs. Gary F. Clark
Mrs. Kay Clark
Mrs. Elaine P. Coates
Dr. and Mrs. Jeff Cockrell
Mr. David Coker
Ms. Ellen L. Coker
Rev. and and Mrs. Chris J. Compton
Mr. and Mrs. Charles F. Cox
Dr. and Mrs. James Cox
Ms. Rhoda Creech
Dr. Stan M. Culpepper
Lt. Col. and Mrs. Larence R. Cusick
Mrs. Margaret Daniels
Mr. and Mrs. Aubrey D. Day
Mr. and Mrs. William H. Day
Mr. and Mrs. Marvin L. Deaver
Rev. and Mrs. Daniel Dell
Ms. Gwen Dismuke
Mr. Thomas Douglas
Mr. and Mrs. Paul R. Drake
Mr. and Mrs. Edward E. Driggers
Miss Carol R. Dubose
Mr. and Mrs. Laron L. Dye
Dr. and Mrs. Kenneth P. Eagleton
Mr. and Mrs. Stephen P. Eagleton
Mr. and Mrs. Michael T. Easley
Rev. and Mrs. Gregory R. Fawbush
Mr. and Mrs. Waymon Fields
Mr. and Mrs. Kelly Folsom
Mr. and Mrs. John S. Forlines
Mr. Malcolm Froome
Mr. and Mrs. Joseph Lee Gilliam
Mr. and Mrs. Michael L. Gillin
Mr. and Mrs. Richard Carl Gregory
Rev. and Mrs. Shiloh C. Hackett
Ms. Debra R. Haddock
Rev. and Mrs. Joseph Hall
Mrs. Margaret A. Hampton
Miss AnnaGee C. Harris
Mr. Elbert Hicks
Rev. and Mrs. Edwin L. Hill
Rev. and Mrs. Edward L. Hodges, Jr.
Ms. Carol D. Holland
Mrs. Betsy Horner
Rev. and Mrs. Russell D. Houske
Ms. Charity D. Humbles
Mr. Joshua Hunter
Mr. and Mrs. Brian T. Hurst
Mrs. Marian V. James
Mr. and Mrs. Nathan Paul Johnson
Mr. and Mrs. Samuel E. Johnson
Mr. and Mrs. Timothy Ray Johnson
Mr. and Mrs. Eddie A. Jones
Mr. and Mrs. Larry G. Jones
Rev. and Mrs. Jonathon S. Justice
Mr. and Mrs. Kevin M. Justice
Mr. Gerald R. Kirby
Mrs. Betty Jean Lambert
Rev. and Mrs. Earl R. Langley
Mr. and Mrs. Donald G. Lee
Ms. Shirley Lee
Mrs. Carolyn Hasty Lemaster
Mr. Ralph G. Leverett
Rev. and Mrs. Ernie L. Lewis
Mr. Jonathan Lewis
Mr. and Mrs. Tommy E. Lewis
Mr. and Mrs. Harold Lindsay
Mr. Duane Littlefield
Rev. Thomas A. Lovett
Ms. Nancy Z. Maddox
Dr. Carol Malone-Cooper
Mr. Charles K. Maness
Dr. and Mrs. Jeffrey A. Manning
Mrs. Eunice R. Massengill
Mrs. Joyce Mayo
Mr. and Mrs. Rick Mayo
Dr. and Mrs. Matthew J. McAffee
Mr. Carl D. McCabe
Mr. and Mrs. John M. McCall
Rev. and Mrs. Jerry W. McClary
Mrs. Olena McLain
Mr. and Mrs. Samuel P. McVay
Mrs. Frances King Metcalf
Mrs. Sammie Montgomery
Mr. and Mrs. Hamlee H. Moon
Mr. and Mrs. Phillip T. Morgan
Rev. and Mrs. William L. Morris
Mrs. Velma Moseley
Mr. John F. Mouser
Mr. and Mrs. Marvin L. Mouser
Rev. and Mrs. Steve Nichols
Rev. Brent A. Nix
Mrs. Patricia Ann Nolen
Mr. Jerry Nunes
Mr. John E. O'Neal
Mr. and Mrs. Calvin E. Ormerod
Mr. and Mrs. Jared A. Owen
Rev. and Mrs. Tim D. Owen
Mr. James T. Owens
Rev. and Mrs. Frank Owens
Dr. and Mrs. Jesse F. Owens
Mr. and Mrs. Joshua R. Owens
Mrs. Juanita E. Parker
Mr. and Mrs. Lee A. Penn
Mr. and Mrs. Malcolm Peterson
Rev. and Mrs. Judson Phenicie
Mr. and Mrs. Michael A. Phenicie
Mr and Mrs. George Phillips
Mr. and Mrs. Timothy L. Pierce
Mr. and Mrs. David C. Pool
Rev. and Mrs. Joseph P. Postlewaite
Rev. and Mrs. Glenn Poston
Mr. Russell W. Poston
Mr. and Mrs. David L. Rackley
Rev. and Mrs. Jerry L. Rackley
Mr. and Mrs. Skeeter Redmon
Mr. and Mrs. John W. Riddle, Jr.
Mr. and Mrs. Stephen Rigdon
Dr. and Mrs. Roger G. Russell, Jr.
Rev. and Mrs. Brad Ryan
Rev. and Mrs. Ivan L. Ryan
Mr. Darryl Scott
Rev. and Mrs. Theron B. Scott
Mr. Walter R. Scott
Mr. and Mrs. Dale P. Seley
Rev. and Mrs. Kenneth D. Simpson
Mr. Jeremy Smith
Mr. Jerry A. Smith
Mrs. Peggy Smith
Mr. and Mrs. Ryan Smith
Mr. and Mrs. Jimmie W. Spruill
Mr. and Mrs. Wayne E. Spruill
Mr. and Mrs. John R. Stanley
Mr. and Mrs. Gary Stephens
Mr. Larry Stephens
Mr. and Mrs. Terry L. Stephens
Mr. and Mrs. Paul D. Tackett
Mr. and Mrs. Christopher Talbot
Mr. and Mrs. Jim B. Taylor
Mr. and Mrs. Stephen R. Teague
Mr. and Mrs. Ernest L. Thompson
Mr. and Mrs. Michael T. Thompson
Mrs. Dianne Tippett
Mr. and Mrs. Danny J. Trail
Miss Patsy Vanhook
Rev. and Mrs. Bill VanWinkle
Rev. Billy B. Walker
Mr. Stanley L. Wall
Ms. Velma Wallace
Mr. and Mrs. Kent Waller
Mr. and Mrs. Eric Watkins
Dr. and Mrs. W. Jackson Watts
Miss Pamela B. Westerman
Miss Marjorie L. Williams
Mr. and Mrs. Michael Williford
Ms. Betty J. Willis
Rev. and Mrs. Eugene Workman
Mrs. Linda C. Wrightson
Free Will Baptists are continuing to trust us with the best student leaders from their churches across the country.
TORCHBEARER CLUB
Mr. and Mrs. Willie V. Adams
Mr. and Mrs. A. C. Allen
Mr. and Mrs. J. W. Allen
Rev. and Mrs. Derek A. Altom
Alvy's Auto Electric
Mr. and Mrs. Phillip Ashcraft
Rev. and Mrs. Leonard C. Ball
Miss Julie Banner
Miss Molly Barker
Rev. and Mrs. Joe Beckon
Mr. Edwin L. Beem
Mrs. LaDonna Blades
Rev. and Mrs. Ronnie Blanks
Mr. and Mrs. Max Bolin
Mr. and Mrs. Rodney Bowen
Mr. and Mrs. Richard W. Bowers
Mr. Eric A. Brant
Mr. and Mrs. Randolph W. Brooks
Mr. Joe C. Brown
Miss Mindy Brown
Mr. and Mrs. David L. Brown
Mr. and Mrs. Donald Brown Memorial Endowment
Mr. and Mrs. Edgar J. Brumfield
Mr. and Mrs. Robert T. Bryan
Mr. and Mrs. Larry N. Bryan
Rev. and Mrs. Paul R. Bryant
Rev. and Mrs. Randall A. Bryant
Dr. and Mrs. Seldon Buck
Mr. and Mrs. Robert Burroughs
Mr. and Mrs. Kevin Buttry
Ms. Gale Cales
Rev. and Mrs. Timothy G. Campbell
Mrs. Betty Capps
Mr. and Mrs. James R. Carr
Mrs. Gwen Carraway
Rev. and Mrs. Rick Cason
Mr. and Mrs. Robert Castile
Mr. and Mrs. Jeffrey L. Caudill
Miss Doris J. Chamberlin
Mrs. Kay Clark
Mr. and Mrs. Gary F. Clark
Mr. T. Ross Clark
Rev. and Mrs. Russell Clouse
Mrs. Elaine P. Coates
Dr. and Mrs. Jeffrey Cockrell
Rev. and and Mrs. Christopher J. Compton
Mr. and Mrs. Charles F. Cox
Rev. and Mrs. Jacob M. Creech
Ms. Rhoda Creech
Mr. and Mrs. James A. Crowson
Mr. and Mrs. Daniel M. Dean
Mr. and Mrs. Marvin L. Deaver
Rev. and Mrs. Daniel Dell
Ms. Gwen Dismuke
Mr. Thomas Douglas
Mr. and Mrs. Paul R. Drake
Mr. and Mrs. Edward E. Driggers
Mrs. Carol R. DuBose
Mr. and Mrs. Laron Dye
Dr. and Mrs. Kenneth P. Eagleton
Mr. and Mrs. Stephen P. Eagleton
Dr. and Mrs. Mike Edwards
Mr. and Mrs. William Evans
Rev. and Mrs. Gregory R. Fawbush
Mr. and Mrs. Ronald W. Ferrell
Dr. Milton B. Fields
Mr. and Mrs. Waymon Fields
Mr. and Mrs. Kelly Folsom
Mr. and Mrs. James S. Futrell
Mr. and Mrs. Michael L. Gillin
Mr. and Mrs. Joseph A. Goodfellow
Mr. and Mrs. John Gorrell
Mr. and Mrs. Richard Gregory
Rev. and Mrs. Shiloh C. Hackett
Ms. Debra R. Haddock
Rev. and Mrs. Joseph Hall
Mr. and Mrs. Watson Hall
Mr. Harold B. Hall
Mr. Jules Hancart
Miss AnnaGee C. Harris
Ms. Carolyn Head
Mr. and Mrs. Barney D. Hicks
Rev. and Mrs. Edward L. Hodges, Jr.
Ms. Carol D. Holland
Mr. and Mrs. Adam Holloway
Mrs. Betsy Horner
Rev. and Mrs. Russell Houske
Mrs. Barbara Jean Howard
Ms. Charity D. Humbles
Mr. and Mrs. Jimmy Hunter
Mr. Joshua Hunter
Mr. and Mrs. Brian T. Hurst
Mrs. Marian V. James
Col. And Mrs. Mark Johnson
Mr. and Mrs. Nathan Johnson
Rev. and Mrs. Jonathon S. Justice
Mr. and Mrs. Kevin Justice
Dr. and Mrs. Paul G. Ketteman
Dr. and Mrs. James Kilgore
Rev. and Mrs. Bruce E. Kimbrel
Mr. Gerald R. Kirby
Rev. and Mrs. Earl R. Langley
Dr. and Mrs. Charles L. Lea
Mr. and Mrs. Donald G. Lee
Mrs. Shirley Lee
Mrs. Carolyn Lemaster
Rev. and Mrs. Ernie L. Lewis
Mr. and Mrs. Tommy E. Lewis
Mr. Jonathan Lewis
Mr. and Mrs. Harold Lindsay
Mr. Duane Littlefield
Rev. Thomas A. Lovett
Ms. Nancy Z. Maddox
Mr. Charles K. Maness
Dr. and Mrs. Jeffrey A. Manning
Mrs. Eunice Massengill
Mr. and Mrs. Rick Mayo
Dr. and Mrs. Matthew J. McAffee
Mr. and Mrs. James A. McBride
Mr. and Mrs. John M. McCall
Mrs. Olena McLain
Mr. and Mrs. Samuel P. McVay
Mrs. Hazel King Metcalf
Rev. and Mrs. Wayne Miracle
Mrs. Sammie Montgomery
Mr. and Mrs. Hamlee H. Moon
Rev. and Mrs. Phillip Morgan
Mrs. Velma Moseley
Rev. Steve Nichols
Mrs. Juanita S. Nicholson
Mr. Jerry Nunes
Mr. John E. O'Neal
Mr. and Mrs. Thomas Oster
Rev. and Mrs. Tim D. Owen
Mr.and Mrs. Jared A. Owen
Rev. and Mrs. Frank Owens
Dr. and Mrs. Jesse F. Owens
Mr. and Mrs. Joshua R. Owens
Rev. and Mrs. F. Todd Parrish
Drs. Greg and Etta Patterson
Mrs. Shannon S. Pavnick
Mr. and Mrs. Lee A. Penn
Rev. and Mrs. Judson Phenicie
Dr. Robert E. Picirilli
Mr. and Mrs. Timothy L. Pierce
Mr. and Mrs. John W. Pinson
Dr. and Mrs. J. Matthew Pinson
Mr. and Mrs. David C. Pool
Rev. and Mrs. Joseph P. Postlewaite
Mr. and Mrs. John C. Powelka
Mr. Nolan E. Purcell
Mr. and Mrs. David L. Rackley
Mr. and Mrs. Skeeter Redmon
Dr. Sharon Rodgers
Rev. and Mrs. Brad Ryan
Rev. and Mrs. Ivan Ryan
Mr. and Mrs. Thomas A. Sass
Mr. Darryl Scott
Mr. Walter R. Scott
Rev. and Mrs. Theron Scott
Mr. Jimmy J. Simons
Rev. and Mrs. Kenneth D. Simpson
Mr. and Mrs. Thomas L. Slamans
Mr. and Mrs. Ryan Smith
Mrs. Karen M. Sparks
Mr. and Mrs. Wayne E. Spruill
Mr. and Mrs. John R. Stanley
Mr. Larry Stephens
Mr. and Mrs. Gary Stephens
Mr. and Mrs. Terry Stephens
Mr. Matthew Stone
Mr. and Mrs. Paul Tackett
Rev. and Mrs. Christopher Talbot
Mr. and Mrs. Jim B. Taylor
Mr. and Mrs. Stephen R. Teague
Mr. Casey Telling
Mrs. Dianne Tippett
Mr. and Mrs. Danny J. Trail
Miss Patsy Vanhook
Rev. and Mrs. Bill VanWinkle
Mr. Stanley L. Wall
Mr. Dustin M. Walters
Mr. and Mrs. Eric Watkins
Dr. and Mrs. W. Jackson Watts
Ms. Donna Williams
Mr. and Mrs. Harold Williams
Rev. and Mrs. David Williford
Mr. and Mrs. Michael Williford
Ms. Betty J. Willis
Rev. and Mrs. Eugene Workman
Mr. and Mrs. Gary W. Wright
Mrs. Linda C. Wrightson
23
T ORCHBEARERCLU B WELCH COLLEGE
2020-2021 REVENUES & EXPENSES
REVENUES
Unrestricted Funds (Unaudited)
TOTAL $7,389,175
Tuition and Fees: $2,586,477
Private Gifts and Grants: $1,778,501
Auxiliary Enterprises: $1,129,003
Government Grants & Contracts: $785,924
Changes in Net Assets from Operating Activity: $671,775
Changes in Net Assets from Non-Operating activity: $359,367
Investment, Endowment,, & Misc.: $65,604
Other Income: $12,524
EXPENSES
Unrestricted Funds (Unaudited)
Institutional Support: $1,992,656
Instruction: $1,702,346
Student Services: $903,875
Auxilary Enterprises: $833,124
Plant Maintenance: $745,909
Interest Expense: $738,045
Academic Support: $571,534
Change in Net Assets ($98,314)
TOTAL $7,487,489
At time of printing, the college’s auditors are finalizing the audit. Therefore, numbers are unaudited.
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1045 Bison Trail Gallatin, TN 37066 welch.edu | 615-675-5255