2025-05-14T10:03:13-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 540506319 MARY BALDWIN UNIVERSITY MARY 5408877000 NEW STREET AND FREDERICK STREET STAUNTON VA 24401 DR JEFFREY STEIN PRESIDENT 5408877000 2025-05-13 1 0 MARK WOOLWINE P00647446 5404433606 2025-05-13 2023 2025-03-06 01:10:19Z DR JEFFREY STEIN NEW STREET AND FREDERICK STREET STAUNTON VA 24401 56662332 0 X WWW.MARYBALDWIN.EDU X 1842 VA MARY BALDWIN UNIVERSITY EMPOWERS LEADERS TO PURSUE LIVES OF PURPOSE IN A CHANGING WORLD. AS A DISTINCTIVE SMALL UNIVERSITY COMMITTED TO ITS RICH HERITAGE AS AN INCLUSIVE, WOMEN-CENTERED LIBERAL ARTS UNIVERSITY, MARY BALDWIN FULFILLS ITS MISSION BY PROVIDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO A DIVERSE POPULATION OF WOMEN AND MEN. IT EMPHASIZES HIGH ETHICAL STANDARDS AND THE DEVELOPMENT OF CRITICAL, CREATIVE, AND REFLECTIVE REASONING AS THE FOUNDATION FOR FULFILLING, ENGAGED, AND MEANINGFUL LIVES. 28 26 997 0 0 0 8363181 6140779 50582746 49367383 1108726 1061945 150382 92225 60205035 56662332 18796151 18438864 0 0 28815987 29312260 0 0 1387571 19540782 18319531 67152920 66070655 -6947885 -9408323 86535808 77940208 27146040 25187602 59389768 52752606 X MARY BALDWIN UNIVERSITY EMPOWERS LEADERS TO PURSUE LIVES OF PURPOSE IN A CHANGING WORLD. AS A DISTINCTIVE SMALL UNIVERSITY COMMITTED TO ITS RICH HERITAGE AS AN INCLUSIVE, WOMEN-CENTERED LIBERAL ARTS UNIVERSITY, MARY BALDWIN FULFILLS ITS MISSION BY PROVIDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO A DIVERSE POPULATION OF WOMEN AND MEN. IT EMPHASIZES HIGH ETHICAL STANDARDS AND THE DEVELOPMENT OF CRITICAL, CREATIVE, AND REFLECTIVE REASONING AS THE FOUNDATION FOR FULFILLING, ENGAGED, AND MEANINGFUL LIVES. 0 0 18438864 18438864 SCHOLARSHIPS AND FELLOWSHIPS - THE UNIVESITY AWARDED APPROXIMATELY 1,183 STUDENTS FINANCIAL AID ASSISTANCE THROUGH INSITUTIONAL MEANS. FINANCIAL AID IS FUNDED BY FEDERAL, STATE, PRIVATE AND INSTITUTIONAL MEANS. 36907828 49459608 INSTRUCTIONAL - VARIOUS PROGRAMS SUCH AS TRADITIONAL DEGREES, CONTINUING EDUCATION, SUMMER PROGRAMS, CONSORTIUM AND STUDIES ABROAD TO APPROXIMATELY 2,244 STUDENTS. 55346692 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2534 0 1 997 1 0 0 0 0 0 0 0 0 0 0 X 28 26 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X DR JEFFREY STEIN 5408877026 PO BOX 1500 STAUNTON VA 24402 SEAN SIMPLICIO CHIEF FINANCIAL OFFICER AND TREASURER 35.00 X X 299779 0 10446 JEFFREY STEIN PRESIDENT 35.00 X X 200258 0 14485 CONSTANCE DIERICKX CO-VICE CHAIR 0.00 X X 0 0 0 ELOISE CHANDLER CO-VICE CHAIR 0.00 X X 0 0 0 GABRIELLE MCCREE BOARD CHAIR 0.00 X X 0 0 0 HAL JOHNSON BOARD SECRETARY 0.00 X X 0 0 0 AMII BARNARD-BAHN BOARD TRUSTEE 0.00 X 0 0 0 ANDREW SHIPP BOARD TRUSTEE 0.00 X 0 0 0 CHARLES HEINER BOARD TRUSTEE 0.00 X 0 0 0 DONNA SMITH BOARD TRUSTEE 0.00 X 0 0 0 HARVEY WESTBROOK JR BOARD TRUSTEE 0.00 X 0 0 0 HELEN FORSTER BOARD TRUSTEE 0.00 X 0 0 0 JANE MILLER BOARD TRUSTEE 0.00 X 0 0 0 JOHN ROGERS BOARD TRUSTEE 0.00 X 0 0 0 KAMALA PAYNE BOARD TRUSTEE 0.00 X 0 0 0 KELLY OKE DOWD BOARD TRUSTEE 0.00 X 0 0 0 MARGARET WREN DE ST AUBIN BOARD TRUSTEE 0.00 X 0 0 0 MARIA CERMINARA ACAR BOARD TRUSTEE 0.00 X 0 0 0 MARK LAROSA BOARD TRUSTEE 0.00 X 0 0 0 MIKE MATTHEWS BOARD TRUSTEE 0.00 X 0 0 0 PETER GWALTNEY BOARD TRUSTEE 0.00 X 0 0 0 RAKI MCGREGOR BOARD TRUSTEE 0.00 X 0 0 0 SHOLEH EHDAIVAND-KORNEGAY BOARD TRUSTEE 0.00 X 0 0 0 SUE WHITLOCK BOARD TRUSTEE 0.00 X 0 0 0 SUSAN PALMER BOARD TRUSTEE 0.00 X 0 0 0 TIM POWERS BOARD TRUSTEE 0.00 X 0 0 0 TRIMBLE BAILEY SPITZER BOARD TRUSTEE 0.00 X 0 0 0 WENDY FOSTER BOARD TRUSTEE 0.00 X 0 0 0 WILLIAM WEBB EVP FOR ACA. AFF./CAO/DEAN, PALMER COLLEGE OF PROF 35.00 X 280621 0 25610 PAUL MENZER VP & DEAN, GOLD COLLEGE OF ARTS & SCIENCES 35.00 X 206813 0 13771 ERNEST JEFFRIES VP OF STUDENT ENGAGEMENT 35.00 X 247882 0 16081 CHARLES DAVIS VP OF INSTITUTIONAL ADVANCEMENT 35.00 X 238208 0 20971 MATTHEW MUNSEY VP OF ENROLLMENT MANAGEMENT 35.00 X 211131 0 14952 EVANGELOS KOBOLAKIS AVP OF INFORMATION TECH./CIO 35.00 X 201188 0 6964 SUSAN STEVENS SR. ASSOCIATE DEAN-MDCHS 35.00 X 199048 0 16534 PAMELA FOX FORMER PRESIDENT 35.00 X 406209 0 23648 2491137 0 163462 48 1 1 0 CHARTWELLS DINING SERVICES PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE MANAGEMENT 2130089 ARAMARK SERVICES PO BOX 978839 DALLAS TX 753978839 FOOD SERVICES 559534 UNIVERSAL PROTECTION SERVICE LP PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 493157 BRIDGESTONE CONSTRUCTION LLC PO BOX 1948 HARRISONBURG VA 22801 CONSTRUCTION 377755 SPARK451 INC 1 GLENWOOD AVE RALEIGH NC 27603 MARKETING SERVICES 324569 18 790285 5350494 165230 6140779 TUITION AND FEES 611310 43081036 43081036 AUXILIARY SERVICES 611310 6286347 6286347 49367383 582636 582636 479309 0 479309 479309 479309 OTHER 611310 92225 92225 92225 56662332 49459608 0 1061945 18438864 18438864 940340 570299 370041 23375501 18780556 4056716 538229 614056 614056 2650801 1835755 684084 130962 1731562 1367220 299255 65087 317348 317348 107885 107885 60499 60499 92000 92000 4056426 3471637 568613 16176 276406 109326 167080 841757 641444 124751 75562 2354798 1947193 340477 67128 830014 689613 99588 40813 1098936 1098936 2778847 2778847 431277 429575 1702 OTHER 1928306 1328756 547704 51846 FOOD 1432456 1375109 27322 30025 MAINTENANCE CONTRACTS 1160893 349 1160544 HEERF 551683 551683 66070655 55346692 9336392 1387571 2145538 2685460 19708512 14122244 1344315 1623226 20551 28533 44773 77748 510121 326159 91925775 60512283 32323617 31413492 21993635 20359057 7879006 6828486 565740 475803 86535808 77940208 2648452 2187463 167293 164687 3321035 3145451 20699760 18804500 309500 885501 27146040 25187602 X 14463443 10710714 44926325 42041892 59389768 52752606 86535808 77940208 -9408323 2771161 0 X X 0 1 X 1 1 1 X 3540577 8103737 29240466 8363181 6140779 55388740 3540577 8103737 29240466 8363181 6140779 55388740 55388740 441030 383979 331504 422977 582636 2162126 99186 133746 98415 150382 92225 573954 58124820 50041440 0.95290 0.94820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 1 1736 0 0 0 1736 0 PART II-B, LINE 1: THE UNIVSERITY PAYS DUES TO THE CICV. THE CICV ESTIMATES THAT 7.5% OF ITS ANNUAL DUES IN THE 2023/2024 MEMBERSHIP YEAR WAS FOR LOBBYING. 0 36621111 678174 3736268 788131 6461869 33785553 33702836 2046015 2622260 807871 942129 36621111 34159280 4384206 -3799557 519377 521716 33702836 30808446 1302731 3998103 873035 1076965 34159280 31993779 287117 527550 851562 1148438 30808446 0.16588 0.83412 0 0 4149381 4149381 65333325 44474767 20858558 4289235 2990247 1298988 16647293 12567130 4080163 1506541 480139 1026402 31413492 ALTERNATIVE INVESTMENTS 5533756 F REAL ASSETS 26750 F MONEY MARKET FUNDS 1267980 F 6828486 OPERATING LEASE RIGHT-OF-USE LIABILITY 219563 FINANCE LEASE LIABILITIES 665938 885501 X 40902629 2771161 2771161 38131468 92000 18438864 18530864 56662332 47539791 0 47539791 92000 18438864 18530864 66070655 PART III, LINE 1A: THE UNIVERSITY OWNS A LIMITED NUMBER OF MODERATELY VALUABLE ITEMS OF ART THAT ARE DISPLAYED THROUGHOUT THE CAMPUS. THESE ITEMS ARE USED AS AN EXAMPLE OF STYLES AND PERIOD ART IN FURTHERANCE OF THE UNIVERSITY'S FINE ARTS PROGRAM. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVNEUE CODE. THE FEDERAL FORMS 990 OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,438,864. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 18,438,864. SCHEDULE D, PART III, LINE 4 THE UNIVERSITY OWNS A LIMITED NUMBER OF MODERATELY VALUABLE ITEMS OF ART THAT ARE DISPLAYED THROUGHOUT THE CAMPUS. THESE ITEMS ARE USED AS AN EXAMPLE OF STYLES AND PERIOD ART IN FURTHERANCE OF THE UNIVERSITY'S FINE ARTS PROGRAM. SCHEDULE D, PART V, LINE 4 THE PRINCIPAL WILL BE HELD IN PERPETUITY AND THE INCOME AND GAINS WILL BE SPENT TO SUPPORT THE RESTRICTED PURPOSE. SCHEDULE D, PART XI, LINE 2D FINANCIAL AID SCHEDULE D, PART XII, LINE 2D STUDENT FINANCIAL AID 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MARY BALDWIN UNIVERSITY CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FROM FOREIGN COUNTRIES. THE UNIVERSITY FOLLOWS A NONDISCRIMINATORY POLICY AND HAS COMPLIED WITH SECTION 4.02 OF THE INTERNAL REVENUE PROCEDURE 75-50. THIS POLICY IS PUBLISHED IN THE UNIVERSITY CATALOG, VARIOUS BROCHURES AND STATE AND LOCAL NEWSPAPERS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL WORK STUDY, SEOG, AND A DISTRIBUTION FROM THE STATE OF VIRGINIA FOR THE VWIL PROGRAM. 1 SEOG 379 286772 INSTITUTIONAL FINANCIAL AID 1152 18152092 SCHEDULE I, PART I, LINE 2 THE OFFICE OF FINANCIAL AID AWARDS STUDENT AID BASED ON ENROLLMENT, NEED BASED ON THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FASFA) AND THE ABILITY TO MEET CERTAIN DONOR SPECIFIED CRITERIA. X X 1 1 0 0 0 0 0 0 0 0 0 PAMELA FOX FORMER PRESIDENT 406209 0 0 0 0 0 9900 0 13748 0 429857 0 0 0 SEAN SIMPLICIO CHIEF FINANCIAL OFFICER AND TREASURE 299779 0 0 0 0 0 9000 0 1446 0 310225 0 0 0 WILLIAM WEBB EVP FOR ACA. AFF./CAO/DEAN, PALMER C 280621 0 0 0 0 0 8750 0 16860 0 306231 0 0 0 ERNEST JEFFRIES VP OF STUDENT ENGAGEMENT 247882 0 0 0 0 0 7499 0 8582 0 263963 0 0 0 CHARLES DAVIS VP OF INSTITUTIONAL ADVANCEMENT 238208 0 0 0 0 0 7350 0 13621 0 259179 0 0 0 MATTHEW MUNSEY VP OF ENROLLMENT MANAGEMENT 211131 0 0 0 0 0 6450 0 8502 0 226083 0 0 0 PAUL MENZER VP & DEAN, GOLD COLLEGE OF ARTS & SC 206813 0 0 0 0 0 6225 0 7546 0 220584 0 0 0 SUSAN STEVENS SR. ASSOCIATE DEAN-MDCHS 199048 0 0 0 0 0 6150 0 10384 0 215582 0 0 0 JEFFREY STEIN PRESIDENT 190927 0 0 0 9331 0 5910 0 8575 0 214743 0 0 0 EVANGELOS KOBOLAKIS AVP OF INFORMATION TECH./CIO 201188 0 0 0 0 0 6000 0 964 0 208152 0 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY IS PROVIDED WITH ON CAMPUS HOUSING AND CLEANING STAFF X 1 15300 DONOR VALUE X 13 142001 AVG HIGH/LOW X OTHER 6 7929 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT OF THE FOOD SERVICE AREA IS PERFORMED BY A COMPANY THAT SPECIALIZES IN THAT AREA. FORM 990, PART VI, SECTION A, LINE 8B THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF ON THE GOVERNING BODY. MINUTES FOR EXECUTIVE COMMITTEE MEETINGS ARE NOT KEPT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ALL SUPPORTING SCHEDULES AND STATEMENTS ARE PROVIDED TO THE BOARD ELECTRONICALLY BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST CERTIFICATION EACH YEAR. THESE CERTIFICATIONS ARE REVIEWED BY THE PRESIDENT AND THE CHAIR OF THE BOARD OF TRUSTEES FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES. THE BOARD IS PROVIDED WITH COMPENSATION SURVEYS AND DATA COLLECTED FROM OTHER INSTITUTIONS THAT SHARE THE UNIVERSITY'S BUDGET LEVELS AND PLANNING GOALS. FORM 990, PART VI, SECTION C, LINE 18 MARY BALDWIN UNIVERSITY'S IRS FORM 990 IS AVAILABLE TO THE PUBLIC ON GUIDE-STAR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE UNIVERSITY ARE AVAILABLE UPON REQUEST. EACH REQUEST WILL BE EVALUATED ON AN INDIVIDUAL BASIS FOR MERIT. PART XII, LINE 2C NO CHANGES IN THE PROCESS FROM PRIOR YEAR.