BATTEN UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- BATTEN UNIVERSITY (EIN 54-6039600)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-12
- IRS object ID
- 201401329349302560
- Schema version
- 2012v2.1
- 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 D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-12T12:56:26-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVENUE SUITE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546039600 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA WESLEYAN COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VIRG | NameControl |
| Phone | 7574553317 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1584 WESLEYAN DRIVE | AddressLine1 |
| City | NORFOLK | City |
| State | VA | State |
| ZIP Code | 23502 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CARY A SAWYER | Name |
| Title | VICE PRESIDENT FOR FINANCE | Title |
| Phone | 7574553317 | Phone |
| Date Signed | 2014-05-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANICE A RATICA | Name |
| PTIN | P00358837 | PTIN |
| Phone | 7043771678 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CARY A SAWYER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1584 WESLEYAN DRIVE | AddressLine1 |
| City | NORFOLK | City |
| State | VA | State |
| ZIP Code | 23502 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 71162486 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VWC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1961 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | VIRGINIA WESLEYAN COLLEGE IS A FOUR YEAR, FULLY ACCREDITED LIBERAL ARTS, UNITED METHODIST-RELATED INSTITUTION FOUNDED IN 1961. THE COLLEGE OFFERS LIBERAL ARTS CURRICULUM AND GRANTS THE BACHELOR OF ARTS AND SCIENCES DEGREES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 36 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1061 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | -48379 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -292039 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3752293 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7924165 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 43947347 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 47010718 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4193690 | InvestmentIncomePriorYear |
| Investment Income Current Year | -863398 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 155101 | OtherRevenuePriorYear |
| Other Revenue Current Year | 314655 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 52048431 | TotalRevenuePriorYear |
| Total Revenue Current Year | 54386140 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 14510244 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16177819 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 21785684 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 23393312 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1454897 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 13544707 | OtherExpensePriorYear |
| Other Expenses Current Year | 13839145 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 49840635 | TotalExpensesPriorYear |
| Total Expenses Current Year | 53410276 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2207796 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 975864 | RevenuesLessExpensesCY |
| Total Assets BOY | 114810851 | TotalAssetsBOY |
| Total Assets EOY | 121733650 | TotalAssetsEOY |
| Total Liabilities BOY | 45808958 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 43808302 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 69001893 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 77925348 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF VIRGINIA WESLEYAN COLLEGE IS TO ENGAGE STUDENTS OF DIVERSE AGES, RELIGIONS, ETHNIC ORIGINS AND BACKGROUNDS IN A RIGOROUS LIBERAL ARTS EDUCATION THAT WILL PREPARE THEM TO MEET THE CHALLENGES OF LIFE AND CAREER IN A COMPLEX AND RAPIDLY CHANGING WORLD. IN THIS ENDEAVOR, THE COLLEGE EMPLOYS A WIDE RANGE OF APPROACHES TO TEACHING AND LEARNING AND PROVIDES OPPORTUNITIES TO CONNECT THE STUDY OF THE LIBERAL ARTS WITH PRACTICAL LEARNING EXPERIENCES ON CAMPUS, IN THE HAMPTON ROADS REGION, AND THROUGHOUT THE WORLD. IN ACCORD WITH OUR UNITED METHODIST HERITAGE, VIRGINIA WESLEYAN ASPIRES TO BE A SUPPORTIVE COMMUNITY THAT IS COMMITTED TO SOCIAL RESPONSIBILITY, ETHICAL CONDUCT, HIGHER LEARNING AND RELIGIOUS FREEDOM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 39392895 | Expense |
| Grants | 16177819 | Grants |
| Revenue | 39786517 | Revenue |
| Description | EDUCATIONAL AND GENERAL EXPENSES TO INCLUDE INSTRUCTIONAL SERVICES, PUBLIC SERVICES, PLANT OPERATIONS AND STUDENT AID. IN FISCAL YEAR 2013, 1,512 STUDENTS WERE ENROLLED AND 266 STUDENTS GRADUATED WITH BACCALAUREATE DEGREES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6356296 | Expense |
| Revenue | 7224201 | Revenue |
| Description | AUXILIARY ENTERPRISES TO INCLUDE DORMITORIES, DINING HALL AND CONFERENCE FACILITIES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 45749191 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 68 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1061 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 36 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARY SAWYER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7574555707 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1584 WESLEYAN DRIVE | AddressLine1 |
| City | NORFOLK | City |
| State | VA | State |
| ZIP Code | 23510 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (47 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| JANE BATTEN | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| GEORGE BIRDSONG | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| LYNN CLEMENTS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BILLY GRANGER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| EMILY S MILES | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| HENRY WATTS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DEBORAH M PAXSON | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROBIN D RAY | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BILL THUMEL | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN TRINDER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| LOUIS F RYAN | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| THOMAS C BROYLES | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BOB DEFORD | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ROY HENDRIX | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JERRY MILLER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| BILL SHELHORSE | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DEBORAH H BUTLER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| SUSAN GOODE | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RONALD KRAMER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| MARK TOWE | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CHIP TSANTES | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| RICHARD D ROBERTS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| MINETTE COOPER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DALE FOLEY | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| CHUCK HARRIS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| DAVID L KAUFMAN | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ALEXANDRA G ARIAS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JOHN F MALBON | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ALVIN J SCHEXNIDER | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| ELIZABETH MIDDLETON | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| TASSOS PAPHITES | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| JEANNE POLIZOS ROSS | |||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | ||
| OL EVERETT | |||||||
| CHAIRMAN | 0.50 | X | 0 | 0 | 0 | X | |
| GARY D BONNEWELL | |||||||
| VICE CHAIRMAN | 0.50 | X | 0 | 0 | 0 | X | |
| VINCENT J MASTRACCO JR | |||||||
| SECRETARY | 0.50 | X | 0 | 0 | 0 | X | |
| ANNE B SHUMANDINE | |||||||
| TREASURER | 0.50 | X | 0 | 0 | 0 | X | |
| DR WILLIAM T GREER JR | |||||||
| PRESIDENT | 80.00 | 331917 | 0 | 63505 | X | ||
| DR TIMOTHY O'ROURKE | |||||||
| VICE PRESIDENT FOR ACADEMI | 50.00 | 170737 | 0 | 26924 | X | ||
| DAVID BUCKINGHAM | |||||||
| VICE PRESIDENT FOR STUDENT | 50.00 | 152382 | 0 | 20796 | X | ||
| CARY SAWYER | |||||||
| VICE PRESIDENT FOR FINANCE | 50.00 | 147146 | 0 | 26552 | X | ||
| MITA VAIL | |||||||
| VICE PRESIDENT - COLLEGE A | 50.00 | 137087 | 0 | 18128 | X | ||
| SUZANNE SAVAGE | |||||||
| ASSOCIATE VP - COLLEGE ADV | 50.00 | 116832 | 0 | 16734 | X | ||
| PATRICIA PATTEN | |||||||
| DIRECTOR OF ADMISSIONS | 50.00 | 111428 | 0 | 10534 | X | ||
| DR LARRY HULTGREN | |||||||
| PROFESSOR OF PHILOSOPHY | 50.00 | 108639 | 0 | 20821 | X | ||
| DAVID MACEDO | |||||||
| HEAD MEN'S BASKETBALL COAC | 50.00 | 122989 | 0 | 23435 | X | ||
| DR JOYCE HOWELL | |||||||
| PROFESSOR OF ART | 50.00 | 118823 | 0 | 21757 | X | ||
| DR TERRANCE LINDVALL | |||||||
| PROFESSOR OF RELIGION | 50.00 | 111683 | 0 | 22330 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1629663 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 271516 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| PO BOX 536922 | ATLANTA | GA | 303536922 | FOOD SERVICE MANAGEMENT | 1965014 |
| ARAMARK | |||||
| 24818 NETWORK PLACE | CHICAGO | IL | 606731248 | FACILITIES MANAGEMENT SERVICES | 613092 |
| RD LAMBERT AND SONS | |||||
| 1724 LAMBERT AND SONS | CHESAPEAKE | VA | 23327 | BUILDING CONSTRUCTION, RENOVATION & REPA | 211405 |
| KAUFMAN AND CANOLES | |||||
| PO BOX 3037 | NORFOLK | VA | 23514 | LEGAL SERVICES | 102651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Government Grants | 22916 | GovernmentGrants |
| All Other Contributions | 7901249 | AllOtherContributions |
| Noncash Contributions | 2157157 | NoncashContributions |
| Total Contributions | 7924165 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT FEES | 611310 | 39428011 | 39428011 |
| RESIDENCE HALLS | 611310 | 3725290 | 3725290 |
| DINING EXPENSES | 611310 | 3170203 | 3170203 |
| OTHER | 611310 | 358506 | 358506 |
| CONFERENCES | 611310 | 328708 | 328708 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 47010718 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 762313 | TotalRevenueColumn |
| Unrelated Business Revenue | -24926 | UnrelatedBusinessRevenue |
| Exclusion | $787,239 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 329898 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 306726 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 23172 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23172 | TotalRevenueColumn |
| Unrelated Business Revenue | -141017 | UnrelatedBusinessRevenue |
| Exclusion | $164,189 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14139178 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15764889 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1625711 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1625711 | TotalRevenueColumn |
| Exclusion | -$1,625,711 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 878650 | GrossSalesOfInventory |
| Cost Of Goods Sold | 704731 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 173919 | TotalRevenueColumn |
| Exclusion | $173,919 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CATERING | Description |
| Business Code | 722210 | BusinessCode |
| Total Revenue Column | 117564 | TotalRevenueColumn |
| Unrelated Business Revenue | 117564 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 117564 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54386140 | TotalRevenueColumn |
| Related Or Exempt Function Income | 47010718 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -48379 | UnrelatedBusinessRevenue |
| Exclusion | -$500,364 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16177819 | Total |
| Program Services | 16177819 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1293534 | Total |
| Program Services | 512755 | ProgramServices |
| Management And General | 360498 | ManagementAndGeneral |
| Fundraising | 420281 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16126208 | Total |
| Program Services | 13159062 | ProgramServices |
| Management And General | 2354272 | ManagementAndGeneral |
| Fundraising | 612874 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1284260 | Total |
| Program Services | 984414 | ProgramServices |
| Management And General | 232694 | ManagementAndGeneral |
| Fundraising | 67152 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3433347 | Total |
| Program Services | 2724751 | ProgramServices |
| Management And General | 599171 | ManagementAndGeneral |
| Fundraising | 109425 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1255963 | Total |
| Program Services | 962715 | ProgramServices |
| Management And General | 227573 | ManagementAndGeneral |
| Fundraising | 65675 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235216 | Total |
| Management And General | 235216 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 773067 | Total |
| Program Services | 676416 | ProgramServices |
| Management And General | 70952 | ManagementAndGeneral |
| Fundraising | 25699 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45429 | Total |
| Management And General | 45429 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2053201 | Total |
| Program Services | 1873174 | ProgramServices |
| Management And General | 180027 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346763 | Total |
| Program Services | 239866 | ProgramServices |
| Management And General | 38772 | ManagementAndGeneral |
| Fundraising | 68125 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1697323 | Total |
| Program Services | 1564398 | ProgramServices |
| Management And General | 132925 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2883354 | Total |
| Program Services | 2715908 | ProgramServices |
| Management And General | 167446 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336815 | Total |
| Management And General | 336815 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER | 3253035 | 1942971 | 1224398 | 85666 |
| COST OF SALES (AUXILIAR | 1370861 | 1370861 | ||
| ATHLETICS | 637010 | 637010 | ||
| STUDENT ACTIVITES | 207071 | 207071 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53410276 | Total |
| Program Services | 45749191 | ProgramServices |
| Management And General | 6206188 | ManagementAndGeneral |
| Fundraising | 1454897 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 9750 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1415429 | BOY |
| EOY | 2379824 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2692991 | BOY |
| EOY | 4855715 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 447021 | BOY |
| EOY | 534608 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1142880 | BOY |
| EOY | 1127002 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240979 | BOY |
| EOY | 280433 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278483 | BOY |
| EOY | 376609 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 96112583 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 41264181 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56797611 | BOY |
| EOY | 54848402 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37891799 | BOY |
| EOY | 45295732 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12143074 | BOY |
| EOY | 10811562 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1760584 | BOY |
| EOY | 1214013 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114810851 | BOY |
| EOY | 121733650 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3936550 | BOY |
| EOY | 4113591 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 956614 | BOY |
| EOY | 956614 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1162405 | BOY |
| EOY | 1298275 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33015826 | BOY |
| EOY | 32085638 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6737563 | BOY |
| EOY | 5354184 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45808958 | BOY |
| EOY | 43808302 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24745082 | BOY |
| EOY | 27494297 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6045598 | BOY |
| EOY | 12069453 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38211213 | BOY |
| EOY | 38361598 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69001893 | BOY |
| EOY | 77925348 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114810851 | BOY |
| EOY | 121733650 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 975864 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 6743967 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 1203624 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 277221 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 48640037 | BeginningOfYearBalance |
| Contributions | 262283 | Contributions |
| Investment Earnings Or Losses | 5754034 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2829053 | GrantsOrScholarships |
| End Of Year Balance | 51827301 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 53284901 | BeginningOfYearBalance |
| Contributions | 469377 | Contributions |
| Investment Earnings Or Losses | -2004743 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2742064 | GrantsOrScholarships |
| Other Expenditures | 367434 | OtherExpenditures |
| End Of Year Balance | 48640037 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 46809429 | BeginningOfYearBalance |
| Contributions | 258550 | Contributions |
| Investment Earnings Or Losses | 8950037 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2733115 | GrantsOrScholarships |
| End Of Year Balance | 53284901 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 38037748 | BeginningOfYearBalance |
| Contributions | 8004523 | Contributions |
| Investment Earnings Or Losses | 3061742 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1247793 | GrantsOrScholarships |
| Other Expenditures | 1046791 | OtherExpenditures |
| End Of Year Balance | 46809429 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.19510 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.71010 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09480 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 580418 | OtherCostOrOtherBasis |
| Book Value | 580418 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 78191392 | OtherCostOrOtherBasis |
| Depreciation | 27166613 | Depreciation |
| Book Value | 51024779 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16125045 | OtherCostOrOtherBasis |
| Depreciation | 14097568 | Depreciation |
| Book Value | 2027477 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1215728 | OtherCostOrOtherBasis |
| Book Value | 1215728 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 54848402 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MULTI-STRATEGY EQUITY FUND | 7582923 | F |
| MULTI-STRATEGY BOND FUND | 3228639 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10811562 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OBLIGATIONS UNDER SPLIT INTEREST AGMNT | $196,019 |
| OBLIGATIONS UNDER INT RATE SWAP CONTRACT | $5,158,165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5354184 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 47347804 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 6743967 | NetUnrealizedGainsInvestments |
| Other Revenues | 2395516 | OtherRevenues |
| Revenue Not Rptd F990 | 9139483 | RevenueNotRptdF990 |
| Revenue Subtotal | 38208321 | RevenueSubtotal |
| Other Revenues Not Included | 16177819 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16177819 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 54386140 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 38424349 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1191892 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1191892 | ExpensesNotRptdF990 |
| Expenses Subtotal | 37232457 | ExpensesSubtotal |
| Other Expenses Not Included | 16177819 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16177819 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 53410276 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | THE COLLECTION CONSISTS PRIMARILY OF PAINTINGS AND IS HELD FOR PUBLIC DISPLAY IN RELATION TO ART CLASSES TAUGHT BY THE COLLEGE. | |
| PART V, LINE 4: | ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS AND GRANTS FOR STUDENTS AND SUPPORT OPERATIONS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE COLLEGE HAS EVALUATED THE EFFECT OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED ALL OF THE TAX POSITIONS AND DETERMINED A PROVISION FOR UNCERTAIN TAX POSITIONS IS NOT NECESSARY AT JUNE 30, 2013. THE COLLEGE'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990 AND 990T) FOR 2010, 2011, AND 2012 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| COST OF SALES 704,731. RENTAL EXPENSES SHOWN AS EXPENSE ON THE FINANCIALS 306,726. LOSS ON INTEREST RATE SWAP 1,371,829. ANNUITY ADJUSTMENT 12,230. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID EXPENSE SHOWN NET OF REVENUES ON FINANCIALS 16,177,819. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| COST OF SALES 704,731. RENTAL EXPENSES SHOWN AS AN EXPENSE ON THE FINANCIALS 306,726. LOSS ON REFINANCE OF BONDS PAYABLE 180,435. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| FINANCIAL AID EXPENSE SHOWN NET OF REVENUES ON FINANCIALS 16,177,819. | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE NONDISCRIMINATORY POLICY IS ON THE COLLEGE WEB SITE AND IS INCLUDED ON INFORMATION THAT GOES OUT TO PROSPECTIVE STUDENTS. THE COLLEGE PUBLISHES IT IN THE VIRGINIAN-PILOT AT LEAST ONCE ANNUALLY. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FUNDS FROM THE FEDERAL GOVERNMENT UNDER THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) PROGRAM AND THE FEDERAL WORK-STUDY PROGRAM. GRANTS RECEIVED ARE AWARDED TO STUDENTS USING ONE OF FOUR FEDERAL POLICIES BASED ON THE FREE APPLICATION OF FEDERAL STUDENT AID (FAFSA). |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| GRANTS | 809 | 4240054 |
| SCHOLARSHIPS | 1019 | 11937765 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID OFFICE IS CHARGED WITH DETERMINING ELIGIBILITY, ALLOCATIONS OF GRANT FUNDS, AND MONITORING OF STUDENT ACCOUNTS. FINANCIAL NEED IS DETERMINED AFTER AN ANALYSIS OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS COMPLETED. THE COLLEGE ALSO OFFERS ACADEMIC SCHOLARSHIPS, WITHOUT REGARD TO NEED, TO ENTERING NEW AND TRANSFER STUDENTS WITH OUTSTANDING ACADEMIC RECORDS. ALL FINANCIAL AID IS CHARGED DIRECTLY AGAINST THE STUDENT ACCOUNTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR WILLIAM T GREER JR | ||||||||||||||
| PRESIDENT | 280917 | 0 | 0 | 0 | 51000 | 0 | 51456 | 0 | 12049 | 0 | 395422 | 0 | 0 | 0 |
| DR TIMOTHY O'ROURKE | ||||||||||||||
| VICE PRESIDENT FOR ACADEMI | 170737 | 0 | 0 | 0 | 0 | 0 | 14875 | 0 | 12049 | 0 | 197661 | 0 | 0 | 0 |
| DAVID BUCKINGHAM | ||||||||||||||
| VICE PRESIDENT FOR STUDENT | 152382 | 0 | 0 | 0 | 0 | 0 | 12750 | 0 | 8046 | 0 | 173178 | 0 | 0 | 0 |
| CARY SAWYER | ||||||||||||||
| VICE PRESIDENT FOR FINANCE | 147146 | 0 | 0 | 0 | 0 | 0 | 12750 | 0 | 13802 | 0 | 173698 | 0 | 0 | 0 |
| MITA VAIL | ||||||||||||||
| VICE PRESIDENT - COLLEGE A | 137087 | 0 | 0 | 0 | 0 | 0 | 11382 | 0 | 6746 | 0 | 155215 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. THE COLLEGE ALSO PROVIDES HOUSEKEEPING SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN HOST FUNDRAISING EVENTS AND MEETINGS AT THE RESIDENCE. THE COLLEGE PAYS FOR MEMBERSHIPS TO THE NORFOLK YACHT CLUB AND THE TOWN CENTER CLUB FOR DR. GREER TO ALLOW HIM TO ENTERTAIN GUESTS ON BEHALF OF VIRGINIA WESLEYAN COLLEGE. |
| PART I, LINE 4B | DR. WILLIAM GREER - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THROUGH A RABBI TRUST- $25,000 PAID BY THE COLLEGE. HE IS FULLY VESTED IN THE PLAN. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| CITY OF VB DEV AUTH | ||||||||
| A | 540947964 | 92773PAB2 | 2007-05-31 | 30350000 | REFINANCE OF ADDL FACILITIES | 0 | 0 | 0 |
| NORFOLK AIRPORT AUTH | ||||||||
| B | 546001465 | 2010-06-01 | 5050000 | LIBRARY IMPROV. | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Capital ExpendituresCapitalExpenditures |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 1440000 | 30350000 | 259040 | 30090960 | 2008 | 0 | 0 | 1 | 1 | |
| B | 135199 | 5050000 | 50000 | 2010 | 0 | 0 | 1 | 1 | 5000000 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.01000 | 0.01000 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BANK OF AMERICA | ||||||||||||
| A | 0 | 0 | 0 | 0 | 1 | 1 | 30.000000000000 | 0 | 0 | 0 | 0 | 0 |
| (no name) | ||||||||||||
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 0 |
| B | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2157157 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK QUOTE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | THE NUMBER OF CONTRIBUTIONS REPRESENTS THE TOTAL NUMBER OF DONORS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE REVIEWS THE 990 BEFORE IT IS FILED. THE PROCESS OF REVIEW HAS NOT CHANGED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO ANNUALLY SIGN A FORM STATING THAT THERE ARE NO CONFLICTS OF INTEREST BETWEEN THEMSELVES AND THE COLLEGE. IF A CONFLICT DOES OCCUR DURING THE YEAR, IT IS REPORTED TO THE PRESIDENT AND THE CHARIMAN OF THE BOARD. ADDITIONALLY, IN THE EVENT OF A CONFLICT, THAT PERSON WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE ON THE MATTER. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT'S COMPENSATION IS APPROVED BY THE INDEPENDENT EXECUTIVE COMMITTEE. THE AMOUNT OF THE COMPENSATION IS DETERMINED USING DATA FROM OTHER COLLEGES OF A SIMILAR SIZE. SUCH MEETINGS ARE DOCUMENTED. THE COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED IN THE SAME MANNER AS THE PRESIDENT'S COMPENSATION AND IS APPROVED BY THE PRESIDENT. SUCH COMPENSATION IS DOCUMENTED IN THE PERSONNEL FILES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST | |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 235,216. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 235,216. | OTHER FEES |
| FORM 990, PART XI, LINE 9: | GAIN ON INTEREST RATE SWAP CONTRACT 1,371,829. ANNUITY ADJUSTMENT 12,230. LOSS ON REFINANCE OF BONDS PAYABLE -180,435. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE FINANCE COMMITTEE, PROVIDES OVERSIGHT FOR THE AUDIT AND ALSO PROVIDES FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANTS. |