Increases in total enrollment and unrestricted giving for the recently concluded academic year were among the items addressed by President David S. Dockery during an Aug. 9 annual meeting of Southwestern Baptist Theological Seminary personnel as the 2023–2024 academic year begins.
Dockery, who was elected the 10th president of Southwestern Seminary in April, noted he was “thankful” to announce total enrollment for the 2022–2023 academic year, which concluded July 31, was 3,574, an increase of 171 students from the previous academic year, which also saw an increase of 1,583 credit hours taught for the year.
The numbers “represent more than just statistics,” Dockery explained. “They represent almost 3,600 people who have been influenced by the educational experience at Southwestern, so they can be prepared for God’s call on their life, they can live their calling, and make a difference for the sake of the church and the advancement of the Gospel.”
Unrestricted giving increase
Unrestricted giving for the 2022–2023 year also saw an increase, which Dockery said totaled slightly more than $3.2 million when the academic year concluded in July, compared to $2.8 million in the previous academic year.
He noted this was accomplished with the Office of Institutional Advancement spending $700,000 less to raise the funds. He thanked Jack D. Terry, interim vice president of institutional advancement, O.S. Hawkins, chancellor, and the staff in the Office of Institutional Advancement for their work.
Payroll changes
Dockery noted that the monthly payroll for the year “changed drastically,” mentioning that payroll in August 2022 was $2.072 million, which decreased to $1.536 million for July of this year.
He said the institution is entering the new academic year with 35 fewer full-time employees than the same time last year. Dockery also announced the sale of a five-acre portion of the Carroll Park Apartments property, while noting the seminary looks forward to closing on the remaining 15 acres in the coming months. Dockery commended the work of trustee John Rayburn and seminary staffer Colby Adams for their efforts on this matter.
“We all know that the financial challenges at Southwestern are very real,” Dockery said, adding the challenges “touch every aspect of our work and they’re long-standing and they’re systemic, which are underscored by the warnings that we received from our accrediting agency this summer.” He referred to the notice Southwestern received in June from the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC), the accrediting agency for degree-granting institutions in the United States’ southern states.
Noting that the institution has 24 months to address the warnings, which are largely related to finances, Dockery stressed: “A warning is not probation.”
A warning, he added, “is what it says it is: a warning to Southwestern, ‘Get your act together,’” while probation would affect the institution’s accreditation.
‘Much work to do’
Dockery emphasized the seminary is taking the matter very seriously while explaining that “every program remains fully accredited.” He said Southwestern will give a report to SACSCOC in April 2024 and a follow-up report in April 2025.
“We have much work to do,” Dockery reminded the Southwestern community. “But let us not forget the progress that has been made over the past 10 months. We made significant steps and we still have a long way to go, but we have things on which we can build now.”
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EDITOR’S NOTE — This story was written by Ashley Allen and originally published by Southwestern Baptist Theological Seminary.
