RANDOLPH COLLEGE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- RANDOLPH COLLEGE (EIN 54-0505941)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201731329349301108
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T07:48:21-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540504608 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1715 PRATT DRIVE SUITE 2700 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540505941 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RANDOLPH COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAND | BusinessNameControlTxt |
| Phone | 4349478000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1Txt |
| City | LYNCHBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24503 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JONATHAN P TYREE | PersonNm |
| Person Title | DIRECTOR OF FINANCE AND BUDGET | PersonTitleTxt |
| Phone | 4349478135 | PhoneNum |
| Signature | 2017-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK WOOLWINE | PreparerPersonNm |
| PTIN | P00647446 | PTIN |
| Phone | 5404433606 | PhoneNum |
| Preparation | 2017-05-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRADLEY W BATEMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1Txt |
| City | LYNCHBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $65,832,344 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.RANDOLPHCOLLEGE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1891 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | INSTRUCTION (LIBERAL ARTS HIGHER EDUCATION) - SEE PAGE 2 FOR COMPLETE DESCRIPTION | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 897 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,422,800 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,136,673 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,502,462 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $30,596,017 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,321,453 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,070,705 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $7,115 | CYOtherRevenueAmt |
| PY Total Revenue | $45,246,715 | PYTotalRevenueAmt |
| CY Total Revenue | $65,810,510 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,420,666 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $14,022,167 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $688,911 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $721,670 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,218,018 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,446,545 | PYOtherExpensesAmt |
| CY Other Expenses | $29,746,207 | CYOtherExpensesAmt |
| PY Total Expenses | $42,556,122 | PYTotalExpensesAmt |
| CY Total Expenses | $44,490,044 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,690,593 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $21,320,466 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $233,685,220 | TotalAssetsBOYAmt |
| Total Assets EOY | $230,508,865 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,771,895 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,627,543 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $204,913,325 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $201,881,322 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE DETAILED DESCRIPTION OF ORGANIZATION'S PRIMARY MISSION PROVIDED ON SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $37,849,108 | ExpenseAmt |
| Grant | $14,022,167 | GrantAmt |
| Revenue | $30,596,017 | RevenueAmt |
| Desc | INSTRUCTION: 676 FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS AND 12 PART-TIME STUDENTS (BASED ON FALL 2015 ENROLLMENT) | Desc |
| Total Program Service Expenses | $37,849,108 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 107 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 897 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | 1 | Form8899Filedind |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES V MANARO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4349478346 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1Txt |
| City | LYNCHBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24503 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| CARA SMITH BARNES | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN E CAMPBELL | |||||||
| TRUSTEE, VICE-CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PETER H DEAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIE HUSTON ELLIS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KEITH J EVANS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DONALD M GILES | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHRYN HEATH GRAVES | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CATHY HAVENER GREER | |||||||
| TRUSTEE, CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ELIZABETH A GRIMM | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL J HALEY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HYLAN T HUBBARD III | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH EARLE KOJAIAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARIAN PHILLIPS MANCINI | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA NIEDLAND MCCARTHY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALLISON GULICK MULLER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN K PATTERSON | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES W PRYOR JR | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DIXIE NASH SAKOLOSKY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARY GRAY SHOCKEY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID H STREET | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALISON KELLER TOWNSEND | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANNE WILKES TUCKER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDALL J WATTS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHERINE CLAY WILLIS | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BRADLEY W BATEMAN | |||||||
| COLLEGE PRESIDENT | 40.00 | $325,104 | $0 | $51,514 | Yes (X) | ||
| JAMES V MANARO | |||||||
| TREASURER/VP OF FINANCE | 40.00 | $180,358 | $0 | $31,341 | Yes (X) | ||
| WESLEY R FUGATE | |||||||
| SECRETARY/VP AND CHIEF OF | 40.00 | $99,059 | $0 | $22,471 | Yes (X) | ||
| CARL A GIRELLI | |||||||
| VP ACADEMIC AFFAIRS/DEAN | 40.00 | $139,198 | $0 | $38,951 | Yes (X) | ||
| JAMES C KUGHN JR | |||||||
| INTERIM VP FOR INSTITUTIONAL ADVANCEMENT | 40.00 | $143,182 | $0 | $21,189 | Yes (X) | ||
| MICHAEL J QUINN | |||||||
| VP ENROLLMENT MANAGEMENT | 40.00 | $113,876 | $0 | $36,286 | Yes (X) | ||
| MATHA E THORNTON | |||||||
| VP STUDENT AFFAIRS/DEAN | 40.00 | $116,583 | $0 | $25,216 | Yes (X) | ||
| VICTOR GOSNELL | |||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | $104,254 | $0 | $29,170 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,221,614 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $256,138 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JAMERSON AND LEWIS CONSTRUCTION | |||||
| PO BOX 10728 | LYNCHBURG | VA | 24506 | CONSTRUCTION | $4,153,813 |
| ARAMARK | |||||
| 2500 RIVERMONT AVE | LYNCHBURG | VA | 24503 | DINING & CATERING | $1,824,313 |
| JB MOORE ELECTRICAL CONTRACTOR | |||||
| PO BOX 4306 | LYNCHBURG | VA | 24502 | CONSTRUCTION | $562,379 |
| LAWRENCE PERRY & ASSOCIATES | |||||
| 15 E SALEM SE | ROANOKE | VA | 24011 | ENGINEERING | $149,908 |
| DAVIS CONSULTING | |||||
| 7568 WOODCREST | STANLEY | NC | 28164 | PRINTING/MAILING SERVICE | $140,059 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Government Grants | $771,597 | GovernmentGrantsAmt |
| All Other Contributions | $15,365,076 | AllOtherContributionsAmt |
| Noncash Contributions | $8,011,591 | NoncashContributionsAmt |
| Total Contributions | $16,136,673 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $22,968,769 | $22,968,769 |
| AUXILIARY SERVICES | 611710 | $6,793,515 | $6,793,515 |
| OTHER | 611710 | $833,733 | $833,733 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $30,596,017 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,315,382 | TotalRevenueColumnAmt |
| Exclusion | $1,315,382 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,755,323 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,755,323 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,755,323 | TotalRevenueColumnAmt |
| Exclusion | $17,755,323 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $28,949 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $21,834 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,115 | TotalRevenueColumnAmt |
| Exclusion | $7,115 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $65,810,510 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $30,596,017 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,077,820 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,522,858 | TotalAmt |
| Program Services | $13,522,858 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499,309 | TotalAmt |
| Program Services | $499,309 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,670 | TotalAmt |
| Management And General | $721,670 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| INSTRUCTION | $10,824,242 | $10,824,242 | ||
| INSTITUTIONAL SUPPORT | $5,919,266 | $4,701,248 | $1,218,018 | |
| STUDENT SERVICES | $5,668,638 | $5,668,638 | ||
| AUXILIARY SERVICES | $4,343,094 | $4,343,094 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,990,967 | TotalAmt |
| Program Services | $2,990,967 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,490,044 | TotalAmt |
| Program Services | $37,849,108 | ProgramServicesAmt |
| Management And General | $5,422,918 | ManagementAndGeneralAmt |
| Fundraising | $1,218,018 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,759,151 | BOYAmt |
| EOY | $4,485,164 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,551,783 | BOYAmt |
| EOY | $14,005,815 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,459,671 | BOYAmt |
| EOY | $4,966,751 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,670 | BOYAmt |
| EOY | $348,405 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,402,487 | BOYAmt |
| EOY | $1,234,153 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $103,378,858 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,614,934 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,079,363 | BOYAmt |
| EOY | $53,763,924 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,112,924 | BOYAmt |
| EOY | $150,794,031 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,029,171 | BOYAmt |
| EOY | $910,622 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,685,220 | BOYAmt |
| EOY | $230,508,865 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,467,828 | BOYAmt |
| EOY | $1,442,994 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,963,713 | BOYAmt |
| EOY | $17,555,914 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,398,271 | BOYAmt |
| EOY | $3,768,427 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,942,083 | BOYAmt |
| EOY | $5,860,208 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,771,895 | BOYAmt |
| EOY | $28,627,543 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,333,848 | BOYAmt |
| EOY | $78,023,253 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,232,599 | BOYAmt |
| EOY | $40,178,099 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,346,878 | BOYAmt |
| EOY | $83,679,970 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,913,325 | BOYAmt |
| EOY | $201,881,322 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,685,220 | BOYAmt |
| EOY | $230,508,865 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $21,320,466 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$24,152,621 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$199,848 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $1,166 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1,166 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV) WHICH SUPPORTS VIRGINIA PRIVATE COLLEGES BY ADVOCATING PUBLIC POLICY POSITIONS AND MONITORING LEGISLATION IMPACTING THE INDEPENDENT HIGHER EDUCATION COMMUNITY AND ADVOCATES ON BEHALF OF THE SCHOOLS, STUDENTS AND THEIR FAMILIES AT THE VIRGINIA ASSEMBLY, IN CONGRESS, AND BEFORE AGENCIES, BOARDS, AND COMMISSIONS. CICV ESTIMATES THAT 12.21% OF THE 15-16 DUES ($9,553.42) WAS USED FOR LOBBYING. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $3,133,923 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
Collection Used Other Purposes CollectionUsedOtherPurposesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Other Purposes | Yes (X) | CollectionUsedOtherPurposesInd |
| Other Purposes | INSTRUCTION | OtherPurposesDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $156,919,402 | BeginningYearBalanceAmt |
| Contributions | $608,138 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,399,050 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,450,680 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,901,384 | OtherExpendituresAmt |
| Administrative Expenses | $1,707,000 | AdministrativeExpensesAmt |
| End Year Balance | $143,069,426 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $164,403,755 | BeginningYearBalanceAmt |
| Contributions | $2,424,532 | ContributionsAmt |
| Investment Earnings Or Losses | $2,531,050 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,772,355 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,756,580 | OtherExpendituresAmt |
| Administrative Expenses | $1,911,000 | AdministrativeExpensesAmt |
| End Year Balance | $156,919,402 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $133,072,541 | BeginningYearBalanceAmt |
| Contributions | $941,899 | ContributionsAmt |
| Investment Earnings Or Losses | $43,568,863 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,673,230 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,854,318 | OtherExpendituresAmt |
| Administrative Expenses | $2,652,000 | AdministrativeExpensesAmt |
| End Year Balance | $164,403,755 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $132,392,104 | BeginningYearBalanceAmt |
| Contributions | $1,764,107 | ContributionsAmt |
| Investment Earnings Or Losses | $13,345,981 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,634,205 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,446,446 | OtherExpendituresAmt |
| Administrative Expenses | $2,349,000 | AdministrativeExpensesAmt |
| End Year Balance | $133,072,541 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $146,270,420 | BeginningYearBalanceAmt |
| Contributions | -$146,106 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,534,065 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,824,704 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,847,441 | OtherExpendituresAmt |
| Administrative Expenses | $1,526,000 | AdministrativeExpensesAmt |
| End Year Balance | $132,392,104 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.32000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.55000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.13000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $695,554 | OtherCostOrOtherBasisAmt |
| Book Value | $695,554 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,969,616 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,975,198 | DepreciationAmt |
| Book Value | $41,994,418 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,241,180 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,678,095 | DepreciationAmt |
| Book Value | $5,563,085 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,472,508 | OtherCostOrOtherBasisAmt |
| Depreciation | $961,641 | DepreciationAmt |
| Book Value | $5,510,867 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $53,763,924 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITIES | $3,383,956 | F |
| ALTERNATIVE INVESTMENTS | $23,922,172 | F |
| BONDS | $1,262,494 | F |
| CASH AND CASH EQUIVALENTS | $119,245,309 | F |
| REAL ESTATE | $47,563 | F |
| FUNDS HELD IN TRUST BY OTHERS | $2,932,537 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $150,794,031 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED INTEREST PAYABLE | $35,378 |
| STUDENT DEPOSITS AND OTHER DEFERRED REVENUE | $606,814 |
| POST-RETIREMENT HEALTHCARE BENEFIT OBLIGATION | $579,925 |
| U.S. GOVERNMENT GRANTS REFUNDABLE | $629,190 |
| TRUST AND ANNUITY OBLIGATIONS | $1,982,941 |
| ASSET RETIREMENT OBLIGATION ASB | $2,025,960 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,860,208 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,435,874 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$24,152,621 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$199,848 | OtherRevenueAmt |
| Revenue Not Reported | -$24,352,469 | RevenueNotReportedAmt |
| Revenue Subtotal | $51,788,343 | RevenueSubtotalAmt |
| Other Revenues Not Included | $14,022,167 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $14,022,167 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $65,810,510 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $30,467,877 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $30,467,877 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $14,022,167 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $14,022,167 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $44,490,044 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE COLLEGE HAS AN IMPORTANT AMERICAN ART COLLECTION WHICH HAS BEEN ASSEMBLED OVER A PERIOD OF MORE THAN 100 YEARS, THROUGH DIRECT ACQUISITIONS BY THE COLLEGE AS WELL AS DONATIONS. THE PURPOSE OF THE COLLECTION, FROM ITS INCEPTION, HAS BEEN TO ACQUIRE ORIGINAL ART, GENERALLY CONTEMPORARY ART, OF THE HIGHEST QUALITY WHICH IS USED IN SUPPORT OF THE COLLEGE'S EDUCATIONAL MISSION. THIS INCLUDES STUDY AND ANALYSIS OF ARTISTIC TECHNIQUES, IMAGERY AND SUBJECT MATTER, AS WELL AS INSTRUCTION IN HISTORICAL, SCIENTIFIC (BOTH PHYSICAL SCIENCES AND SOCIAL SCIENCES), MUSEUM STUDIES, AND OTHER ACADEMIC DISCIPLINES. ORIGINALLY DISPLAYED THROUGHOUT THE CAMPUS, MOST OF THE COLLECTION IS NOW HELD UNDER CURATORIAL CARE AND SUPERVISION IN A SEPARATE BUILDING THAT IS USED AS AN ART GALLERY, EXHIBITION SPACE AND A LOCATION FOR MUSEUM AND OTHER EDUCATIONAL STUDIES. |
| PART V, LINE 4: | THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE OF DONOR-RESTRICTED FUNDS AND BOARD-DESIGNATED FUNDS. THE FUNDS ARE USED ACCORDING TO DONOR INTENT AND BOARD DESIGNATION TO PROVIDE SUPPORT FOR SCHOLARSHIPS, SALARIES, INSTRUCTION AND RESEARCH, LIBRARY RESOURCES, PRIZES, PHYSICAL PLANT, AND LECTURESHIPS. |
| PART X, LINE 2: | THE INTERNAL REVENUE SERVICE HAS RULED THAT THE COLLEGE QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND, THEREFORE, IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2016 AND 2015 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE COLLEGE'S FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON ASSET RETIREMENT OBLIGATION -96,474. LOSS ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT -28,217. CHANGE IN INTEREST RATE SWAP LIABILITY -75,157. SERIES 2003 BOND REFINANCING COSTS |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | STUDENT SCHOLARSHIPS/FINANCIAL AID 14,022,167. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT SCHOLARSHIPS/FINANCIAL AID 14,022,167. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN ALL ADMISSION MATERIALS TO PROSPECTIVE STUDENTS AND ON ITS WEB SITE. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES GOVERNMENT ASSISTANCE FOR FINANCIAL AID AND OTHER PURPOSES, INCLUDES FEDERAL WORK STUDY (FWS), FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), AND OTHER FEDERAL GRANTS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE | 1 | 5 | PROGRAM SERVICES | INSTRUCTION-READING | $456,620 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | FINANCIAL AID | $499,309 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 5 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Subtotal Spent | $955,929 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $955,929 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | FINANCIAL AID | TypeOfAssistanceTxt |
| Region | EUROPE | RegionTxt |
| Recipient | 33 | RecipientCnt |
| Cash Grant | $499,309 | CashGrantAmt |
| Manner Of Cash Disbursement | APPLIED TO STUDENT'S TUITION AND FEES ACCOUNTS | MannerOfCashDisbursementTxt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | ACCOUNTING METHOD - ACCRUAL |
| PART I LINE 2: | RANDOLPH COLLEGE DOES NOT PROVIDE GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES. FINANCIAL AID IS AWARDED TO STUDENTS WHO ATTEND THE COLLEGE. THE AID IS BASED UPON NEED AND/OR MERIT AND THEN THE AID IS APPLIED TO EACH STUDENT'S BILLED TUITION AND FEES ACCOUNT. THE COLLEGE USES POWERFAIDS SOFTWARE TO MANAGE ITS FINANCIAL AID DATABASE AND AWARDING PROCEDURES. |
| PART III, LINE 1: | ACCOUNTING METHOD - ACCRUAL |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | NONE | Event1Nm |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS TO STUDENTS | GrantTypeTxt |
| Recipient | 676 | RecipientCnt |
| Cash Grant | $13,522,858 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE MAINTAINS RECORDS TO ENSURE STUDENT FINANCIAL AID IS AWARDED TO ELIGIBLE STUDENTS BASED ON FEDERAL REGULATIONS OR DONOR RESTRICTIONS. THE COLLEGE AWARDS GRANTS TO STUDENTS BASED ON CRITERIA SET FORTH IN THE INDIVIDUAL SCHOLARSHIPS. "NEED BASED" FEDERAL GRANTS ARE AWARDED BASED ON INFORMATION OBTAINED FROM THE FREE APPLICATION FOR FEDERAL AID (FASFA). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRADLEY W BATEMAN | ||||||||||||||
| COLLEGE PRESIDENT | $289,124 | $0 | $25,000 | $0 | $10,980 | $0 | $0 | $0 | $51,514 | $0 | $376,618 | $0 | $0 | $0 |
| JAMES V MANARO | ||||||||||||||
| TREASURER/VP OF FINANCE | $180,358 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31,341 | $0 | $211,699 | $0 | $0 | $0 |
| CARL A GIRELLI | ||||||||||||||
| VP ACADEMIC AFFAIRS/DEAN | $139,198 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38,951 | $0 | $178,149 | $0 | $0 | $0 |
| JAMES C KUGHN JR | ||||||||||||||
| INTERIM VP FOR INSTITUTIONAL ADVANCE | $143,182 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21,189 | $0 | $164,371 | $0 | $0 | $0 |
| MICHAEL J QUINN | ||||||||||||||
| VP ENROLLMENT MANAGEMENT | $113,876 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36,286 | $0 | $150,162 | $0 | $0 | $0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| EDA OF CITY OF LYNCHBURG SERIES 2010 | |||||||
| A | 541225193 | 2013-12-03 | $7,086,690 | REISSUE OF BONDS WHICH REFUNDED PRIOR BOND ISSUANCE | 0 | 0 | 0 |
| EDA OF AMHERST COUNTY SERIES 2010 | |||||||
| B | 830477842 | 2013-11-15 | $5,028,228 | REISSUE OF BONDS WHICH REFINANCED AN ANTIC. NOTE | 0 | 0 | 0 |
| IDA OF COUNTY OF CAMPBELL SERIES 2013 | |||||||
| C | 521309406 | 2013-12-19 | $8,547,000 | REFUNDED PRIOR BOND ISSUANCE AND FINANCED CAP. EXPENDITURES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $381,000 | $7,086,690 | $7,086,690 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| B | $446,204 | $5,028,228 | $5,028,228 | 2010 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| C | $2,278,800 | $8,547,000 | $7,741,650 | 2014 | Yes (1) | 0 | Yes (1) | Yes (1) | $84,345 | $721,005 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| B | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) | |||
| BB&T | ||||||||||||
| C | 0 | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | 9.750000000000 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART 1, LINE A, COLUMN (D) | THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG, VIRGINIA'S TAX EXEMPT REVENUE BOND (RANDOLPH COLLEGE PROJECTS), SERIES 2010 (THE "2010 LYNCHBURG BOND") WERE ORIGINALLY ISSUED ON JANUARY 28, 2010. ON DECEMBER 3, 2013 (THE "REISSUANCE DATE"), THE 2010 LYNCHBURG BOND WAS DEEMED REISSUED FOR FEDERAL TAX PURPOSES UNDER SECTION 1001 OF THE INTERNAL REVENUE CODE. |
| PART 1, LINE A, COLUMN (F) | THE PAR AMOUNT OF THE 2010 LYNCHBURG BOND WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 LYNCHBURG BOND THAT WAS OUTSTANDING ON THAT DATE. THE 2010 LYNCHBURG BOND WAS ORIGINALLY ISSUED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (RANDOLPH-MACON WOMAN'S COLLEGE PROJECT), SERIES 2000 (THE "SERIES 2000 BONDS") AND TO FINANCE COSTS OF ISSUING THE 2010 LYNCHBURG BOND. THE PROCEEDS OF THE SERIES 2000 BOND WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT RANDOLPH COLLEGE'S (THE "BORROWER") FACILITIES, PRIMARILY CONSISTING OF VARIOUS ACADEMIC AND ADMINISTRATIVE FACILITIES AND TO FINANCE COSTS OF ISSUING THE SERIES 2000 BOND. |
| PART II, COLUMN A, LINE 3 | THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2010 LYNCHBURG BOND, WHICH WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 LYNCHBURG BOND THAT WAS OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F). |
| PART II, COLUMN A, LINE 11 | THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2010 LYNCHBURG BOND, WHICH WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 LYNCHBURG BOND THAT WAS OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F). |
| PART I, LINE B, COLUMN (D) | THE ECONOMIC DEVELOPMENT AUTHORITY OF AMHERST COUNTY, VIRGINIA'S TAX EXEMPT REVENUE BOND (RANDOLPH COLLEGE PROJECTS), SERIES 2010 (THE "2010 AMHERST BOND") WERE ORIGINALLY ISSUED ON JANUARY 28, 2010. ON NOVEMBER 15, 2013 (THE "REISSUANCE DATE"), THE 2010 AMHERST BOND WAS DEEMED REISSUED FOR FEDERAL TAX PURPOSES UNDER SECTION 1001 OF THE INTERNAL REVENUE CODE. |
| PART I, LINE B, COLUMN (F) | THE PAR AMOUNT OF THE 2010 AMHERST BOND WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 AMHERST BOND THAT WAS OUTSTANDING ON THAT DATE. THE 2010 AMHERST BOND WAS ORIGINALLY ISSUED TO REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF AMHERST COUNTY, VIRGINIA'S REVENUE BOND (RANDOLPH COLLEGE), SERIES 2008 (THE "SERIES 2008 BOND") AND TO FINANCE COSTS OF ISSUING THE 2010 AMHERST BOND. THE PROCEEDS OF THE SERIES 2008 BOND WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT THE BORROWER'S FACILITIES, PRIMARILY CONSISTING OF EXPANSION OF THE EXISTING ATHLETIC FACILITIES AND ROUTINE CAPITAL IMPROVEMENTS AND TO FINANCE COSTS OF ISSUING THE SERIES 2008 BOND. |
| PART II, COLUMN B, LINE 3 | THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2010 AMHERST BOND, WHICH WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 AMHERST BOND THAT WAS OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE B, COLUMN (F). |
| PART II, COLUMN B, LINE 11 | THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2010 AMHERST BOND, WHICH WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE 2010 AMHERST BOND THAT WAS OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE B, COLUMN (F). |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 102 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,654,091 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | COST OR SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $162,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | HORSES | 4 | $191,500 | OPINION OF EXPERTS |
| Yes (X) | HORSE TRAILER | 1 | $4,000 | OPINION OF EXPERTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 3 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | SINCE ITS FOUNDING IN 1891 AS RANDOLPH-MACON WOMAN'S COLLEGE, RANDOLPH COLLEGE HAS OFFERED STUDENTS A RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES. IN KEEPING WITH ITS MOTTO, VITA ABUNDANTIOR, RANDOLPH COLLEGE PREPARES STUDENTS TO ENGAGE THE WORLD CRITICALLY AND CREATIVELY, LIVE AND WORK HONORABLY, AND EXPERIENCE LIFE ABUNDANTLY. RANDOLPH COLLEGE ENCOURAGES EACH STUDENT TO SET AND MEET HIGH PERSONAL GOALS. CAMPUS LIFE IS GROUNDED IN THE HONOR SYSTEM, WHICH FOSTERS INDIVIDUAL INTEGRITY AND MUTUAL TRUST. AS STUDENTS FROM DIVERSE BACKGROUNDS STUDY AND LIVE TOGETHER, THEY ARE EXPECTED TO RESPECT THE RIGHTS AND DIGNITY OF OTHERS, TO BE OPEN TO CULTURAL DIFFERENCES, AND TO EXERCISE PERSONAL AND SOCIAL RESPONSIBILITY. THEY ARE ENCOURAGED TO DEVELOP CONFIDENCE AND TO PARTICIPATE FULLY IN A COMMUNITY IN WHICH WOMEN AND MEN WORK TOGETHER AND TREAT ONE ANOTHER AS EQUALS. THROUGH EXCELLENCE IN TEACHING, ADVISING, AND SCHOLARSHIP, THE FACULTY PROVIDES THE CHALLENGES REQUISITE TO THE INTELLECTUAL DEVELOPMENT OF EACH STUDENT. WITH FACULTY SUPPORT, THE UNDERGRADUATE STUDENTS DESIGN INDIVIDUALIZED AND COHERENT PROGRAMS OF STUDY THAT COMBINE ACADEMIC AND CO-CURRICULAR COMPONENTS. WHILE EACH STUDENT'S EDUCATIONAL PLAN IS UNIQUE, ALL PROGRAMS OF STUDY FOSTER THESE CAPACITIES: TO THINK CRITICALLY; TO WRITE AND SPEAK WITH CLARITY AND ACCURACY; TO EMPLOY QUANTITATIVE REASONING; TO USE TECHNOLOGY EFFECTIVELY AND ETHICALLY; TO CULTIVATE AN AESTHETIC SENSIBILITY; TO UNDERSTAND KEY DIMENSIONS OF THE HERITAGE OF MORE THAN ONE SOCIETY; TO APPROACH PROBLEMS WITH CREATIVITY AND IMAGINATION; TO WORK BOTH INDEPENDENTLY AND COLLABORATIVELY; AND TO RECOGNIZE THE POWER AND LIMITATIONS OF KNOWLEDGE. THE GRADUATE STUDENTS PURSUE MORE NARROWLY FOCUSED PROGRAMS OF RIGOROUS STUDY DESIGNED TO ADD SPECIALIZED KNOWLEDGE TO THEIR UNDERGRADUATE EDUCATION. THE GRADUATE PROGRAMS ARE DIRECTED BY FACULTY MEMBERS WHO ARE ESPECIALLY KNOWLEDGEABLE ABOUT THE PROFESSIONAL STANDARDS TO BE MET BY THOSE WHO EARN ADVANCED DEGREES. THROUGH THEIR EXPERIENCES AT RANDOLPH COLLEGE, STUDENTS ARE CHALLENGED TO THINK AMBITIOUSLY AND TO PREPARE THOUGHTFULLY FOR THEIR FUTURES IN A DIVERSE SOCIETY AND AN INCREASINGLY COMPLEX WORLD THAT OFFERS THEM EXPANDING OPPORTUNITIES FOR LEADERSHIP, RESPONSIBILITY, AND SERVICE. |
| FORM 990, PART V, QUESTIONS 7G AND 7H | THE COLLEGE DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY DURING THE TAX YEAR. THEREFORE, THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE COLLEGE DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE COLLEGE TO FILE FORM 1098-C. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED BY THE CONTROLLER, DIRECTOR OF FINANCE AND BUDGET AND V.P. FOR FINANCE AND ADMINISTRATION. ALSO, THE FORM 990 WAS PROVIDED TO THE COLLEGE'S BOARD OF TRUSTEES FOR ITS REVIEW AND QUESTIONS AT THE MAY 2017 BOARD MEETING. IN CONSIDERATION OF THE PRIVACY OF OUR DONORS, SCHEDULE B, "SCHEDULE OF CONTRIBUTORS" WAS OMITTED FROM THE 990 COPIES WHICH WERE PROVIDED TO THE GOVERNING BODY FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS, OFFICERS, ALL SENIOR STAFF MEMBERS, THE DIRECTOR OF FINANCE AND BUDGET, AND THE CONTROLLER REVIEW, COMPLETE, AND SIGN CONFLICT OF INTEREST FORMS ANNUALLY. THE SECRETARY OF THE BOARD MAINTAINS THESE DOCUMENTS. VOTING MEMBERS OF THE BOARD RECUSE THEMSELVES FROM A VOTE IF A POTENTIAL CONFLICT OF INTEREST EXISTS IN A MATTER. IF THERE IS A QUESTION ABOUT THE EXISTENCE OF A CONFLICT OF INTEREST, THE BYLAWS (ARTICLE 1, SECTION 8D) PROVIDE STANDARDS AND PROCEDURES FOR RESOLVING THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR DETERMINING COMPENSATION OF OFFICERS/KEY EMPLOYEES: FOR ALL MEMBERS OF THE COLLEGE'S SENIOR STAFF AND THE PRESIDENT'S DIRECT REPORTS, THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARATIVE COMPENSATION DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) TO THE PRESIDENT. THE PRESIDENT SHARES THIS INFORMATION WITH THE CHAIR OF THE BOARD OF TRUSTEES AND THE COMPENSATION COMMITTEE, AS NEEDED. THIS INFORMATION IS REVIEWED DURING THE PERFORMANCE ASSESSMENT PROCESS TO DETERMINE SUCH EMPLOYEE'S COMPENSATION. THE BOARD OF TRUSTEES HAS ESTABLISHED IN THE COLLEGE'S BYLAWS A COMPENSATION COMMITTEE, INCLUDING THE CHAIR OF THE BOARD AND OTHER TRUSTEES. THIS COMMITTEE RECOMMENDS ANY COMPENSATION ADJUSTMENTS FOR THE PRESIDENT TO THE EXECUTIVE COMMITTEE OF THE BOARD AND THE RATIONALE THEREIN, AND ANY SUCH COMPENSATION ADJUSTMENTS ARE THEN APPROVED BY THE FULL BOARD. THE COLLEGE'S BOARD OF TRUSTEES (THE "BOARD") HIRED MERCER HUMAN RESOURCES CONSULTING ("MERCER") IN 2013 TO ASSIST IN DETERMINING THE REASONABLENESS OF THE INITIAL COMPENSATION FOR THE COLLEGE PRESIDENT. USING APPROPRIATE PEER GROUP AND COMPARATIVE MARKET DATA, MERCER ISSUED AN OPINION AFFIRMING THE REASONABLENESS OF THE COMPENSATION PACKAGE. THE ANALYSIS WAS COMPREHENSIVE, UTILIZING MANY SOURCES, INCLUDING THE FORM 990 OF OTHER INSTITUTIONS. THE PRESIDENT ALSO HAS A WRITTEN EMPLOYMENT CONTRACT WHICH INCLUDES THE NECESSARY COMPENSATION PROVISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE IS A PRIVATE INSTITUTION AND DOES NOT REGULARLY MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VIII, LINES 7A TO 7D | GAIN ON SALE OF SECURITIES - DETAIL AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | "ALL OTHER EXPENSES" CONSISTS SOLELY OF ACADEMIC SUPPORT, IN THE AMOUNT OF $2,990,967. |
| FORM 990, PART XI, LINE 9: | LOSS ON ASSET RETIREMENT OBLIGATION -96,474. LOSS ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT -28,217. CHANGE IN INTEREST RATE SWAP LIABILITY -75,157. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVESTMENT PROPERTIES OF LYNCHBURG LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1Txt |
| City | LYNCHBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541900543 | EIN |
| Primary Activities | COMMERCIAL REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Total Income | $31,200 | TotalIncomeAmt |
| End Of Year Assets | $719,830 | EndOfYearAssetsAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RMWC ALUMNAE AND RC ALUMNI ASSOC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1Txt |
| City | LYNCHBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540350944 | EIN |
| Primary Activities | ALUMNAE(I) CONNECTIONS | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 11A-TYPE 1 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| RMWC ALUMNAE AND RC ALUMNI ASSOCIATION | ||
| C | $300 | FINANCIAL REPORT |
| RMWC ALUMNAE AND RC ALUMNI ASSOCIATION | ||
| N | $47,142 | FINANCIAL REPORT |
| RMWC ALUMNAE AND RC ALUMNI ASSOCIATION | ||
| O | $187,161 | FINANCIAL REPORT |
| RMWC ALUMNAE AND RC ALUMNI ASSOCIATION | ||
| P | $306,459 | FINANCIAL REPORT |
| RMWC ALUMNAE AND RC ALUMNI ASSOCIATION | ||
| Q | $1,155 | FINANCIAL REPORT |