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2024-08-20 V.A.Ex.8 �2-0ck, T V Di,-1-r i bJ4 mil_ t-4-4144461 - 441111111 Indian River State College Update 0 August 2024 I Okeechobee City Council Meeting 6--kukd• 0 • 19 0 • -415 �'' midir. Andrew Treadwell I AVP of Government and Community Relations 61 .---:c Did You Know? • IRSC Serves over Growth in Online is 23,000 Undergrad/Yr. Okeechobee Main-line. OF 41 ,487 Dixon-Hendry is a 45-acre 26.7% of all IRSC students FSU 32,936 campus. With the 'School enrolled in ALL their FAU 24,229 for Boys' 205.5-acre classes online. IRSC 23,075 property added, IRSC has University of N. Fl. 14,171 more property in 65.9% took at least one or New College 669 Okeechobee than Mueller more online classes in and Chastain combined. 2023-24. �t�_,C Current State of Higher Education in the U.S. • ��c► \Ions ('oIlcgcs • Nearly $1 .8 trillion in Student Debt. \i��i��tili«� I I1c'�'�lc losing \s I .l11cic•>>>ic•:� ('cysts I .i>>Igcr • Closures, contractions and mergers weekly. Ml�fi.att NI.t=.' MIGUCI LDUC.IIOM • Higher ed. disconnects - Colleges are now closing at a pace of oil(' a Workforce needs, Culture, ROI, etc. -� week. What happens to the students? Most never finish their dower,.aria graduates wonder about the value of degrees they ve earned • Public Funding limited at Public Colleges. US college closures could spread to public universities Nation's historically high level of shutdowns and consolidatiol„ overwhelmingly remains a private-sector malady,but states showing signs t• old certainties may fall away The time for change is NOW. MzyD D. Community college enrollment is down. Here's what will happen to workers and the US economy if it doesn't come back Impact at IRSC ,60.7 In six years, IRSC lost 3,710.7 FTE, a 26 percent enrollment decline. 13317.5 12785.8 As a result, the State of Florida was projecting further declines, impacting funding. 12428.4 We had to act. Fast. 859.5 COVID Pandemic 10150 -----.- 9724 �---.. Dr. Tim Moore Appointed IRSC President 8964 --.,...` 8160 ..'-•..... 7331�'''-._.. • 6488 FY '16-17 FY '17-18 FY '18-19 FY '19-20 FY '20-21 FY '21-22 FY '22-23 FY '23-24 FY '24-25 FY '25-26 FY '26-27 FY '27-28 FY '28-29 Actual FTE -•- FLDOE Proj. • ,;, �, ,{ How did w Pi')ot? .,„ ,., ,,..;;;..... ,. s ��, � , J�. /; ,► By making a "Promis. . ,....„,..„,,,,,,„ , • 46 ,.t 'our stu dents and community. ' '` -= °.,-,„-„ , _ r �. -,. y _ . . 4, i . .. , . . .... , , _„..L ...._.„ N lors s. 1 -_ ( r ai X + ! s • i�A Ir._ 7 4. " ,,,ems 11 1. °k ' 4�' ♦ ,,'' Ailf10 • a _r .{� i .�` 1 v i+. I, �'�I�C!r4 I k ` t~ , r~Z4 .tr ti j�•1 ' t 111-Alor _ r '4 01.4.1 • 5 ),.�i• � sF iR i CC Impact of Promise at IRSC .60.7 13317.5 12785.8 12428.4 11904 12143 11190 11422 -__Se-------' 859.5 10794 10963 __ --r- 10368.1 --` 10150 '------`----- Introduction of the IRSC Promise Program •e Promise, IRSC is one of the only colleges in the Florida College System to experience an enrollment rebound. FY '16-17 FY '17-18 FY '18-19 FY '19-20 FY '20-21 FY '21-22 FY '22-23 FY '23-24 FY '24-25 FY '25-26 FY '26-27 FY '27-28 FY '28-29 Actual FTE OLD FLDOE Proj. -41- Post-Promise FTE Proj.Series 3 Okeechobee County Promise Pipeline 2018-19 Enrolled 2019-20 Enrolled 2020-21 Enrolled 2021-22 Enrolled 2022-23 Enrolled HS Grads F'19 HS Grads F'20 HS Grads F'21 HS Grads F'22 HS Grads F'23 Indian River County 1 171 369 31.5% 1 1 97 279 23.3% 1274 292 22.9% 1 175 429 36.5% 1207 506 41.9% Martin County 1364 357 26.2% 1488 327 22.0% 1368 284 20.8% 1356 493 36.4% 1420 470 33.1% Okeechobee County 360 108 30.0% 402 74 18.4% 315 72 22.9% 353 156 44.2% 326 121 37.1% St. Lucie County 3035 946 31.2% 3228 774 24.0% 3227 790 24.5% 3189 1478 46.3% 3463 1429 41.3% IRSC Service District: 5930 1780 30.0% 6315 1454 23.0% 6184 1438 23.3% 6073 2556 42.1% 6416 2526 39.4% _ • Promise addresses skills gaps + Adir community demand. of 011 , ;, .4" a IF ill t , ., irrif;.) .,-- i 1 H - i In BOTH cohorts, wo tences/Nursing was the # 1 kite 40011 , choice for program of study. ......'.... .ppia�� �.. ,,, :oaad S6 Mgr .- • i _ , 030 unno aia o a is n.Au.unwwoo N., P 1k --,.,,. ,,,,,./' ir - t' ' - , .- �°'' i o 4 �•, ..,, pup lion r'Ao.is spot .� S3i 10 uaoaad OL O _ .. \ , , ' gimp Ile/ WeP i _,. . ,,,. - 6, ''%WIOh al ,,,_,, ,. ......, ., . .,. .,„. ,-, / I , ii, ._,.,,. ,,,,,, ,, 4,,,, t,,,, t z •4 . \/ �; ��� H s�uapn�s �uidaa� si asivaoad 7 Promise grads matriculate to baccalaureate programs . . .and then make more $. 4:., k. ' TM ,.ti .• P. k 1, -,..,,, . \ li ..-4,.,e5 -; .,. I,, .n. ' le, • .4 ' 4 _,,, i :\ k -41k , Bachelor Degree a 1 iitifr FL Universities1 Year 1 - $39,996fop sir • FL Colleges Year 1 - $48,928 Year 5 -Year 5 - 57 804% $64,72mil $ r ) - Promise: What's Next? via' I: ;r 4,328 students have used Promise to date; over 60% of all graduates in our service (4,300) signed the I Promise Pledge by May 24, 2024 (pledge deadline) ,.. ita... . IRSC Foundation has committed $45 million to Promise; fi The Board has pledged funding for 5 years, and we are entering year 3. : 4 • CS _ o 'Y 4 I Y-. '. Launching capital campaign in Q4 of 2024 to sustain program long-term; COtHM1JN'�TY' Total goal is $55 million - will fully endow current and future need. STARTS HERE. SUPPORTING IT Area growth, future costs, etc. must be considered for Promise fundraising. STARTS NOW. Strategic Endeavors in Okeechobee County • er 0 k Okee-One Data Campus `School for Boys' Site r"okee n e Okeechobee, FL Su. Data Campus August 2023 - Gov. Cabinet Conveys Property Powered by IRSC September 2023 — Cultural Study with SFWMD Okeechobee Site ,� S='` ra i 1 . August 2024 - Dept. of Commerce Grant Funding r ,� - . Q4 2024/Q1 2025 - Planning & Demolition Commence • t Y• 2025- Evaluating P3 Opportunities Mir (ter ` `,•'' ��SC, In Summary. . .Our 2024-25 Focus • Endow the IRSC Promise Program Maintain Audacity of Thought, Increase College-Going Velocity of Execution in the Community Protect Low Cost, Improve Student • High Quality Education Outcomes + Success Promote Continuous Organizational Improvement Questions I Comments _ - • 4. and THANK YOU! - ‘ . -- ` .1 .544WIAllit .-, f• 10 • _ . . '-- .- • - - N. • -- vie - r , , • -,- • , y r •/4 lit-%, 4 . , 4 ,,,t;,.' .....r.„....... •••4 ' 0 r• ,, .,-"jr° ."-%•...-. .... fors-fp Ns ',- . ‘ -,• - i alv ' ° • , .,..... iii , -11 1 g. .:‘, - . \p, v 4 . •1.1 \6 i " AO'. 1 417. 40, if ..' .1111111111 .-.. • _ i _4 t - . 1 . ) • Dr. An el Browning I VP of Research a Government Ikek 1 .2ns •''A :' 772.462.44703 I 9bMwnin@i\c.edu .-.. - -44 i. L .,, ., . ,. i 1 7 Mr. Andrew Treadwell I AVP of Government and Community Relatio . Is. 772.418.4508 I atreadwe@irsc - -