California State University, Monterey Bay (CSUMB) is a small public university in the California State University system on the site of the former U.S. Army base Fort Ord, on the Central Coast of California. It is accredited by the Western Association of Schools and Colleges. CSUMB was founded in 1994 with a student enrollment of 654 students. The founding president was Peter Plympton Smith, Ph.D. It was the 21st campus in the California State University System and took as its slogan "The 21st campus for the 21st century". As of 2009 the university had 4,688 students and 141 full-time faculty members. The university operates on the semester system. The institution seeks to distinguish itself through "outcomes-based education," with undergraduates required to conduct a capstone research project, and compile a portfolio demonstrating competency in their concentration, with a faculty member as advisor. In 2006, Dianne F. Harrison, Ph.D., was elected from 3 candidates to be the new President of the University. Faculty demographics reflect those of the CSU system overall. Of 334 faculty members, 141 (42%) were employed full-time and a (113) third were tenured or tenure-tracked.