SWEET BRIAR INSTITUTE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SWEET BRIAR INSTITUTE (EIN 54-0534105)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201401359349303730
- 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 F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T10:26:05-05:00 | 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 | P O BOX 1119 | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 245051119 | 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 | 540534105 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SWEET BRIAR INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SWEE | NameControl |
| Phone | 4343816231 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1051 | AddressLine1 |
| City | SWEET BRIAR | City |
| State | VA | State |
| ZIP Code | 245951051 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SCOTT C SHANK | Name |
| Title | VP FOR FINANCE & ADMIN | Title |
| Phone | 4343816231 | Phone |
| Date Signed | 2014-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SAMUEL E JOHNSON | Name |
| PTIN | P00019699 | PTIN |
| Phone | 4348476643 | Phone |
| Date Prepared | 2014-05-09 | DatePrepared |
| 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 | SCOTT C SHANK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1051 | AddressLine1 |
| City | SWEET BRIAR | City |
| State | VA | State |
| ZIP Code | 245951051 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 46702378 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SBC.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1901 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | SWEET BRIAR PREPARES WOMEN (AND AT THE GRADUATE LEVEL, MEN AS WELL) TO BE PRODUCTIVE, RESPONSIBLE MEMBERS OF A WORLD COMMUNITY. IT FOCUSES ON PERSONAL AND PROFESSIONAL ACHIEVEMENT THROUGH A CUSTOMIZED EDUCATIONAL PROGRAM THAT COMBINES THE LIBERAL ARTS, PREPARATION FOR CAREERS AND INDIVIDUAL DEVELOPMENT. THE FACULTY AND STAFF GUIDE STUDENTS TO BECOME ACTIVE LEARNERS, TO REASON CLEARLY, TO SPEAK AND WRITE PERSUASIVELY AND TO LEAD WITH INTEGRITY. THEY DO SO BY CREATING AN EDUCATIONAL ENVIRONMENT THAT IS BOTH INTENSE AND SUPPORTIVE AND WHERE LEARNING OCCURS IN MANY DIFFERENT VENUES, INCLUDING THE CLASSROOM, THE COMMUNITY AND THE WORLD. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 973 | TotalNbrEmployees |
| Total Nbr Volunteers | 850 | TotalNbrVolunteers |
| Total Gross UBI | 385308 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -40741 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7981632 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7640014 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 29845502 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 29161909 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8305291 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4179632 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 560529 | OtherRevenuePriorYear |
| Other Revenue Current Year | 487932 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 46692954 | TotalRevenuePriorYear |
| Total Revenue Current Year | 41469487 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10872026 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 10754460 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18899217 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18228326 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2001757 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 17247420 | OtherExpensePriorYear |
| Other Expenses Current Year | 15478975 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 47018663 | TotalExpensesPriorYear |
| Total Expenses Current Year | 44461761 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -325709 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2992274 | RevenuesLessExpensesCY |
| Total Assets BOY | 158441271 | TotalAssetsBOY |
| Total Assets EOY | 160636400 | TotalAssetsEOY |
| Total Liabilities BOY | 31408930 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 30729670 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 127032341 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 129906730 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE A LIBERAL ARTS EDUCATION TO STUDENTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13251578 | Expense |
| Revenue | 21292176 | Revenue |
| Description | INSTRUCTION: TO PROVIDE A LIBERAL ARTS EDUCATION FOR ALL STUDENTS. BENEFITS APPROXIMATELY 700 STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5946577 | Expense |
| Revenue | 6924641 | Revenue |
| Description | AUXILIARY ENTERPRISES: TO PROVIDE STUDENTS WITH HOUSING, FOOD SERVICES, RECREATION AND INSTRUCTIONAL MATERIALS. BENEFITS APPROXIMATELY 700 STUDENTS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 10754460 | Expense |
| Grants | 10754460 | Grants |
| Description | SCHOLARSHIPS: TO PROVIDE SCHOLARSHIPS FOR STUDENTS. BENEFITED 567 DOMESTIC STUDENTS AND 60 FOREIGN EXCHANGE STUDENTS IN THE CURRENT YEAR. | Description |
Activity Other ActivityOther (3 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 7404878 | 1047716 | STUDENT SERVICES: TO PROVIDE VARIOUS SERVICES SUCH AS ADMISSIONS, FINANCIAL AID, CAREER PLANNING, CHAPLAIN, DEAN, HEALTH CENTER AND REGISTRAR. PROGRAM REVENUE IS FROM MULTIPLE SOURCES INCLUDING ADMISSIONS, LATES FEES, SALES & SERVICE, ALUMNAE ASSOCIATION REVENUE, AND ON CAMPUS CATERING. BENEFITS APPROXIMATELY 700 STUDENTS. |
| RESEARCH: TO PROVIDE GRANTS FOR FACULTY. | ||
| ACADEMIC SUPPORT: TO PROVIDE ACADEMIC SERVICES SUCH AS LIBRARY, AUDIO-VISUAL & ACADEMIC DEAN. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 7404878 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 1047716 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 37357493 | 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 | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | 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 | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | 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 | 1033 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 973 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | FR | NameOfForeignCountry |
| Name Of Foreign Country | SP | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | 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 | SWEET BRIAR COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4343816231 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1051 | AddressLine1 |
| City | SWEET BRIAR | City |
| State | VA | State |
| ZIP Code | 245951051 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MS ZEHRA R ASGHAR | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS CHRISTINE BOULWARE | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS HILARY BOWIE | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS CATHERINE DETERING | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS SUSAN EWING | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS RACHEL FLYNN | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| DR MARSHA T HORTON | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS DANELLE HOUCK | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MR RICHARD E LESLIE | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS MARY J NELSON | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS ANNE POULET | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS YOLANDA SAUNDERS | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS SUSAN SCANLAN | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS JULIA SUTHERLAND | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS ANNE SYMONDS | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| DR EUGENE TOBIN | ||||||||
| DIRECTOR | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| DR DAVID W BRENEMAN | ||||||||
| EXECUTIVE COMMITTEE | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS DIANE B DALTON | ||||||||
| EXECUTIVE COMMITTEE | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS SALLY KITCHIN | ||||||||
| EXECUTIVE COMMITTEE | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS JO ANN KRAMER | ||||||||
| EXECUTIVE COMMITTEE | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MS KAREN MEYER | ||||||||
| EXECUTIVE COMMITTEE | 4.00 | 1.00 | X | 0 | 0 | 0 | ||
| MR PAUL G RICE | ||||||||
| CHAIR, BOARD OF DIRECTORS | 4.00 | 1.00 | X | 0 | 0 | 0 | X | |
| MS ELIZABETH HSWYATT | ||||||||
| VICE CHAIR | 4.00 | 1.00 | X | 0 | 0 | 0 | X | |
| MRS ELVIRA MCMILLAN MANNELLY | ||||||||
| SECRETARY | 4.00 | 1.00 | X | 0 | 0 | 0 | X | |
| DR JO ELLEN PARKER | ||||||||
| PRESIDENT | 40.00 | 2.00 | X | 275867 | 0 | 57582 | X | |
| MR SCOTT C SHANK | ||||||||
| VICE PRESIDENT OF FINANCE AND ADMIN. | 40.00 | 2.00 | 154039 | 0 | 38167 | X | ||
| MRS HEIDI MCCRORY | ||||||||
| VICE PRESIDENT FOR DEVELOP | 40.00 | 130914 | 0 | 23446 | X | |||
| DR AMY JESSEN-MARSHALL | ||||||||
| DEAN OF COLLEGE, VP ACAD AFFAIRS | 40.00 | 128618 | 0 | 28069 | X | |||
| DR ROBERT PIERCE | ||||||||
| ASSOCIATE PROFESSOR, ENGINEERING | 40.00 | 110319 | 0 | 4575 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 799757 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 151839 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ARAMARK EDUCATIONAL SERVICES LLC | |||||
| 1101 MARKET STREET | PHILADELPHIA | PA | 19107 | CONTRACTED FOOD SERVICES | 1777068 |
| VMDO ARCHITECTS PC | |||||
| 200 EAST MARKET STREET | CHARLOTTESVILLE | VA | 22902 | ARCHITECTURAL SERVICES | 322554 |
| CL LEWIS & COMPANY INC | |||||
| PO BOX 10728 | LYNCHBURG | VA | 24506 | CONSTRUCTION CONTRACTOR | 203357 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Government Grants | 1367243 | GovernmentGrants |
| All Other Contributions | 6272771 | AllOtherContributions |
| Noncash Contributions | 676273 | NoncashContributions |
| Total Contributions | 7640014 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611710 | 21292176 | 21292176 |
| STUDENT SERVICES | 611710 | 6924641 | 6924641 |
| ADMIN. REVENUE | 611710 | 761182 | 761182 |
| SALES & SERVICES | 611710 | 146790 | 146790 |
| LATE FEES & FINES | 611710 | 37120 | 37120 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29161909 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1875433 | TotalRevenueColumn |
| Exclusion | $1,875,433 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7537090 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5028164 | Securities |
| Other | 204727 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2508926 | Securities |
| Other | -204727 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2304199 | TotalRevenueColumn |
| Exclusion | $2,304,199 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| FLORENCE ELSTON INN | 721000 | 336953 | 336953 | |
| ALUMNAE ASSOCIATION | 611710 | 102624 | 102624 | |
| FARM AND CELL TOWER | 611710 | 48355 | 48355 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 487932 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41469487 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29264533 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 385308 | UnrelatedBusinessRevenue |
| Exclusion | $4,179,632 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9998579 | Total |
| Program Services | 9998579 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 755881 | Total |
| Program Services | 755881 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 525157 | Total |
| Management And General | 525157 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14067887 | Total |
| Program Services | 11684676 | ProgramServices |
| Management And General | 1233501 | ManagementAndGeneral |
| Fundraising | 1149710 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 628502 | Total |
| Program Services | 509723 | ProgramServices |
| Management And General | 67919 | ManagementAndGeneral |
| Fundraising | 50860 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2005297 | Total |
| Program Services | 1622135 | ProgramServices |
| Management And General | 221305 | ManagementAndGeneral |
| Fundraising | 161857 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1001483 | Total |
| Program Services | 784831 | ProgramServices |
| Management And General | 138342 | ManagementAndGeneral |
| Fundraising | 78310 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60033 | Total |
| Program Services | 4603 | ProgramServices |
| Management And General | 37430 | ManagementAndGeneral |
| Fundraising | 18000 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79390 | Total |
| Program Services | 10160 | ProgramServices |
| Management And General | 69230 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 607984 | Total |
| Management And General | 607984 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2536279 | Total |
| Program Services | 2336519 | ProgramServices |
| Management And General | 159222 | ManagementAndGeneral |
| Fundraising | 40538 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90431 | Total |
| Program Services | 53490 | ProgramServices |
| Management And General | 3156 | ManagementAndGeneral |
| Fundraising | 33785 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1385311 | Total |
| Program Services | 1047562 | ProgramServices |
| Management And General | 100755 | ManagementAndGeneral |
| Fundraising | 236994 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 563017 | Total |
| Program Services | 403057 | ProgramServices |
| Management And General | 157074 | ManagementAndGeneral |
| Fundraising | 2886 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1418616 | Total |
| Program Services | 1418616 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 588672 | Total |
| Program Services | 515893 | ProgramServices |
| Management And General | 16747 | ManagementAndGeneral |
| Fundraising | 56032 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 573949 | Total |
| Program Services | 473955 | ProgramServices |
| Management And General | 74274 | ManagementAndGeneral |
| Fundraising | 25720 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1076488 | Total |
| Program Services | 5575 | ProgramServices |
| Management And General | 1070913 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2290226 | Total |
| Program Services | 2189694 | ProgramServices |
| Management And General | 100532 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129510 | Total |
| Program Services | 79469 | ProgramServices |
| Management And General | 50041 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ADMINISTRATIVE EXPENSES | 1957208 | 1695154 | 261954 | 100 |
| REPAIR AND MAINTENANCE | 503973 | 334664 | 135461 | 33848 |
| SUPPLIES | 343997 | 343997 | ||
| OTHER LIBRARY | 315080 | 315080 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 958811 | Total |
| Program Services | 774180 | ProgramServices |
| Management And General | 71514 | ManagementAndGeneral |
| Fundraising | 113117 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44461761 | Total |
| Program Services | 37357493 | ProgramServices |
| Management And General | 5102511 | ManagementAndGeneral |
| Fundraising | 2001757 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1710070 | BOY |
| EOY | 1332945 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4100419 | BOY |
| EOY | 3878876 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 628382 | BOY |
| EOY | 678659 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1551595 | BOY |
| EOY | 1857255 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154886 | BOY |
| EOY | 150375 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200793 | BOY |
| EOY | 169230 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 91803435 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 36569014 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54295113 | BOY |
| EOY | 55234421 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36828737 | BOY |
| EOY | 36547877 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42827437 | BOY |
| EOY | 48251076 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7034527 | BOY |
| EOY | 3529971 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9109312 | BOY |
| EOY | 9005715 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158441271 | BOY |
| EOY | 160636400 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1069734 | BOY |
| EOY | 1500219 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1093869 | BOY |
| EOY | 1089878 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 772841 | BOY |
| EOY | 686689 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27665216 | BOY |
| EOY | 26777955 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 807270 | BOY |
| EOY | 674929 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31408930 | BOY |
| EOY | 30729670 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32427530 | BOY |
| EOY | 37756882 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33945292 | BOY |
| EOY | 29063130 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60659519 | BOY |
| EOY | 63086718 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127032341 | BOY |
| EOY | 129906730 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158441271 | BOY |
| EOY | 160636400 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2992274 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5560644 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 306019 | 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 Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
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
| 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 |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 86575650 | BeginningOfYearBalance |
| Contributions | 2163197 | Contributions |
| Investment Earnings Or Losses | 9509670 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1104556 | GrantsOrScholarships |
| Other Expenditures | 6388046 | OtherExpenditures |
| Administrative Expenses | 700109 | AdministrativeExpenses |
| End Of Year Balance | 90055806 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 96207845 | BeginningOfYearBalance |
| Contributions | 607707 | Contributions |
| Investment Earnings Or Losses | -2303383 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 875538 | GrantsOrScholarships |
| Other Expenditures | 6450381 | OtherExpenditures |
| Administrative Expenses | 610600 | AdministrativeExpenses |
| End Of Year Balance | 86575650 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 85269954 | BeginningOfYearBalance |
| Contributions | 1504007 | Contributions |
| Investment Earnings Or Losses | 15264875 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1124587 | GrantsOrScholarships |
| Other Expenditures | 4077021 | OtherExpenditures |
| Administrative Expenses | 629383 | AdministrativeExpenses |
| End Of Year Balance | 96207845 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 74352610 | BeginningOfYearBalance |
| Contributions | 4834394 | Contributions |
| Investment Earnings Or Losses | 8750377 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 777236 | GrantsOrScholarships |
| Other Expenditures | 1290637 | OtherExpenditures |
| Administrative Expenses | 599554 | AdministrativeExpenses |
| End Of Year Balance | 85269954 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 94856060 | BeginningOfYearBalance |
| Contributions | 2144422 | Contributions |
| Investment Earnings Or Losses | -16462757 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3500830 | GrantsOrScholarships |
| Other Expenditures | 2311821 | OtherExpenditures |
| Administrative Expenses | 372464 | AdministrativeExpenses |
| End Of Year Balance | 74352610 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.21000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.59000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.20000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 73050340 | OtherCostOrOtherBasis |
| Depreciation | 26629752 | Depreciation |
| Book Value | 46420588 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2739891 | OtherCostOrOtherBasis |
| Depreciation | 2385462 | Depreciation |
| Book Value | 354429 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11904734 | OtherCostOrOtherBasis |
| Depreciation | 7120192 | Depreciation |
| Book Value | 4784542 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4108470 | OtherCostOrOtherBasis |
| Depreciation | 433608 | Depreciation |
| Book Value | 3674862 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 55234421 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INTERNATIONAL EQUITIES | 27068053 | F |
| COMMODITIES | 7284081 | F |
| HEDGE FUNDS | 13898942 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 48251076 | TotalOfBookValueSecurities |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DIVIDENDS AND INTEREST RECEIVABLE | 5797 |
| DEFERRED CHARGES | 283088 |
| CONTRIBUTIONS RECEIVABLE | 1042507 |
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 7518299 |
| AMOUNT DUE FROM JUNIOR YR IN SPAIN | 156024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 9005715 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $493,525 |
| ASSET RETIREMENT OBLIGATION | $61,632 |
| CAPITAL LEASE OBLIGATION | $119,772 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 674929 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 37759158 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5560644 | NetUnrealizedGainsInvestments |
| Other Revenues | 1527847 | OtherRevenues |
| Revenue Not Rptd F990 | 7088491 | RevenueNotRptdF990 |
| Revenue Subtotal | 30670667 | RevenueSubtotal |
| Other Revenues Not Included | 10798820 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 10798820 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 41469487 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 34815046 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1152105 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1152105 | ExpensesNotRptdF990 |
| Expenses Subtotal | 33662941 | ExpensesSubtotal |
| Other Expenses Not Included | 10798820 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 10798820 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 44461761 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENTS OF FINANCIAL POSITION. | |
| PART III, LINE 4: | THE ART COLLECTIONS AND ANTIQUITIES SUPPORT THE EDUCATIONAL PURPOSE OF THE INSTITUTE. STUDENTS MAJORING IN ART HISTORY AND ARTS MANAGEMENT ACT AS CURATORS AND MAINTAIN THE COLLECTIONS. STUDENTS ARE INVOLVED IN COLLEGE AND COMMUNITY EXHIBITIONS. | |
| PART V, LINE 4: | THE MAJORITY OF ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS AND SUPPORT FOR INSTRUCTION, RESEARCH, AND ACADEMIC PROGRAMS. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED IN THE FASB ASC ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THAT BECAME EFFECTIVE FOR THE INSTITUTE ON JULY 1, 2009. MANAGEMENT BELIEVES THAT THE INSTITUTE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2013. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE INSTITUTE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2013. THE INSTITUTE IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO THE YEAR ENDING JUNE 30, 2009. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| JUNIOR YEAR IN SPAIN REVENUE 1,221,828. UNREALIZED CHANGE IN BENEFICIAL TRUST 306,019. | PART XI, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 10,798,820. | PART XI, LINE 4B - OTHER ADJUSTMENTS: | |
| JUNIOR YEAR IN SPAIN EXPENSE 1,152,105. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| SCHOLARSHIPS SHOWN NET OF REVENUE ON FINANCIALS 10,798,820. | 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 | SWEET BRIAR COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM LARGE GEOGRAPHICAL SECTIONS OF THE UNITED STATES AND FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIAL NONDISCRIMINATORY POLICY AND HAS COMPLIED WITH SECTION 4.02 OF THE INTERNAL REVENUE PROCEDURE 75-50. THE COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ITS CATALOG. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | FORM 990, SCHEDULE E, LINE 6A FINANCIAL ASSISTANCE EXPENDITURES FROM GOVERNMENT AGENCIES: COLLEGE WORK STUDY $ 72,724 PELL GRANTS 749,952 TEACHER ED ASSISTANCE FOR COLLEGE & HIGHER ED GRANTS 8,000 SEOG 62,804 NATIONAL SCIENCE FOUNDATION 183,212 DEPARTMENT OF EDUCATION 160,619 NATIONAL ENDOWMENT FOR THE HUMANITIES 25,078 TOTAL FINANCIAL ASSISTANCE EXPENDITURES FROM GOVERMENT AGENCIES $ 1,262,389 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE - FRANCE | 2 | 17 | PROGRAM SERVICES | EDUCATIONAL PROGRAM | 1629485 |
| EUROPE - SPAIN | 1 | 4 | PROGRAM SERVICES | EDUCATIONAL PROGRAM | 1601454 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM FEES | 139947 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | SCHOLARSHIPS | 586581 |
| EAST ASIA AND PACIFIC | 0 | 0 | PROGRAM SERVICES | SCHOLARSHIPS | 126700 |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | SCHOLARSHIPS | 42600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 3 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 21 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 3 | TotalNumberOfOffices |
| Total Number Of Employees | 21 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 4126767 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 4126767 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (3 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| SCHOLARSHIPS TO FOREIGN STUDENTS | EUROPE | 50 | 586581 | PAYMENT APPLIED TO TUITION ACCOUNT |
| SCHOLARSHIPS TO FOREIGN STUDENTS | EAST ASIA AND PACIFIC | 8 | 126700 | PAYMENT APPLIED TO TUITION ACCOUNT |
| SCHOLARSHIPS TO FOREIGN STUDENTS | SOUTH ASIA | 2 | 42600 | PAYMENT APPLIED TO TUITION ACCOUNT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | STUDENTS APPLY FOR SCHOLARSHIPS AND ARE AWARDED AMOUNTS THROUGH THE FINANCIAL AID PROCESS. THE FINANCIAL AID OFFICE DETERMINES THE AMOUNTS TO AWARD BASED ON CERTAIN CRITERIA AND AMOUNTS ARE DISBURSED AND POSTED TO STUDENTS' TUITION AND FEES ACCOUNT. PART III, COLUMN (E): SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION ACCOUNTS AT SWEET BRIAR COLLEGE. ANY STUDENT ACCOUNT THAT HAS A CREDIT BALANCE AFTER POSTING SCHOLARSHIP AMOUNTS WILL BE REFUNDED BY COLLEGE CHECK. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR STUDENTS TO ATTEND SWEET BRIAR COLLEGE | TypeOfGrant |
| Number Of Recipients | 567 | NumberOfRecipients |
| Amount Of Cash Grant | 9998579 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE I, PART I: | Identifier |
| Return Reference | SCHOLARSHIP PROCESS: | ReturnReference |
| Explanation | INSTITUTIONAL MERIT SCHOLARSHIPS ARE AWARDED ON THE BASIS OF DEMONSTRATED ACADEMIC EXCELLENCE AND PROMISE FOR FUTURE SUCCESS AT THE COLLEGE. WHILE A NUMBER OF FACTORS ARE CONSIDERED, THE COLLEGE RELIES HEAVILY ON THE EVALUATION OF HIGH SCHOOL COURSEWORK, HIGH SCHOOL GRADE POINT AVERAGES AND CLASS RANK, STANDARDIZED TEST SCORES, WRITTEN WORK AND LETTERS OF RECOMMENDATION. EXTRACURRICULAR INVOLVEMENT THAT DEMONSTRATES A PROMISE FOR SUCCESS AT THE COLLEGIATE LEVEL IS ALSO CONSIDERED. SCHOLARSHIP AWARDS ARE APPLIED TO THE STUDENT'S ACCOUNT FOR PAYMENT TOWARD TUITION, ROOM, BOARD AND FEES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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 (4 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 JO ELLEN PARKER | ||||||||||||||
| PRESIDENT | 275867 | 0 | 0 | 0 | 0 | 0 | 13770 | 0 | 43812 | 0 | 333449 | 0 | 0 | 0 |
| MR SCOTT C SHANK | ||||||||||||||
| VICE PRESIDENT OF FINANCE AND ADMIN. | 154039 | 0 | 0 | 0 | 0 | 0 | 8160 | 0 | 30007 | 0 | 192206 | 0 | 0 | 0 |
| MRS HEIDI MCCRORY | ||||||||||||||
| VICE PRESIDENT FOR DEVELOP | 130914 | 0 | 0 | 0 | 0 | 0 | 6819 | 0 | 16627 | 0 | 154360 | 0 | 0 | 0 |
| DR AMY JESSEN-MARSHALL | ||||||||||||||
| DEAN OF COLLEGE, VP ACAD AFFAIRS | 128618 | 0 | 0 | 0 | 0 | 0 | 7000 | 0 | 21069 | 0 | 156687 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | TRAVEL FOR COMPANIONS: THE PRESIDENT'S SPOUSE WILL OCCASIONALLY TRAVEL WITH HER ON CERTAIN COLLEGE FUNCTIONS. THERE IS A SUBSTANTIAL BUSINESS PURPOSE FOR SUCH TRAVEL, AND THE EXPENSES ARE DOCUMENTED AND RETAINED ON FILE. RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE REQUIRED TO LIVE IN THE SCHOOL'S HOUSES LOCATED ON THE CAMPUS. THESE RESIDENCES ARE PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICES EFFICIENTLY DISCHARGED. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. PERSONAL SERVICES: THE SCHOOL PROVIDES PERSONAL SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS IS A TAXABLE BENEFIT. | Explanation |
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 |
|---|---|---|---|---|---|---|---|---|
| INDUSTRIAL DEVELOPMENT AUTHORITY - TOWN OF AMHERST VIRGINIA | ||||||||
| A | 541804155 | 031489BY2 | 2011-09-01 | 10000000 | REFUNDING BOND ISSUE 2008 | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT AUTHORITY - TOWN OF AMHERST VIRGINIA | ||||||||
| B | 546001113 | 031489BX4 | 2006-02-23 | 21041170 | REFUNDING OF 1998A, 1998B, 1999, 2000, AND 2001 BONDS | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Issuance Costs From ProceedsIssuanceCostsFromProceeds |
|---|---|---|---|---|---|---|---|---|
| A | 491544 | 10000000 | 2011 | 0 | 1 | 1 | 1 | |
| B | 3720000 | 20865000 | 2006 | 0 | 1 | 1 | 1 | 334871 |
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 | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
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 | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART II, LINE 3 | Identifier |
| Return Reference | BOND ISSUE PRICE DIFFERENCE | ReturnReference |
| Explanation | THE TOTAL PROCEEDS OF ISSUE FOR THE 2006 BOND IS $176,170 LESS THAN THE ORIGINAL ISSUE PRICE DUE TO A REFUND OF THE BOND IN FISCAL YEAR 2012. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 60 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 676273 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVERAGE TRADING VALUES | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 5 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NON REPORTING OF REVENUE: | Identifier |
| Return Reference | PART I, LINE 33: | ReturnReference |
| Explanation | THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENTS OF FINANCIAL POSITION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 FORM AND REQUIRED SCHEDULES WERE REVIEWED BY MANAGEMENT PRIOR TO FILING. AN ELECTRONIC VERSION OF THE RETURN WAS MADE AVAILABLE TO THE OFFICERS AND DIRECTORS OF THE INSTITUTE PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE IN ACCORDANCE WITH THE SWEET BRIAR COLLEGE WRITTEN CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST FORMS ARE FILED WITH THE PRESIDENT'S OFFICE ANNUALLY AND ARE REVIEWED BY THE CFO AND INDEPENDENT AUDITORS. IN GENERAL, WHEN AN INDIVIDUAL COVERED BY THIS POLICY IS DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE BOARD OR ADMINISTRATION, THAT INDIVIDUAL SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION WHICH MAY BE IMPAIRED BY THE POTENTIAL CONFLICT, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION, NOR SHALL SHE OR HE ATTEMPT TO INFLUENCE THE VOTES OR POSITIONS OF OTHERS. WHEN DEEMED APPROPRIATE, A NOTE IN THE MINUTES OF THE MEETING SHALL SPECIFY THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. IN ALL INSTANCES WHERE A CONFLICT OF INTEREST IS DETERMINED TO EXIST, SUCH CONFLICTS, AND THEIR REMEDY, SHALL BE DISCLOSED TO THE BOARD AT LEAST ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY AN INDEPENDENT COMPENSATION COMMITTEE AND BY THE USE OF COMPARABLE DATA PROVIDED FROM FORMS 990 OF OTHER SIMILIARLY SITUATED HIGHER EDUCATION INSTITUTIONS. COMPENSATION IS APPROVED BY THE BOARD ANNUALLY AND DOCUMENTED IN THE BOARD MEETING MINUTES. IN DETERMINING NEWLY HIRED EXECUTIVES' PAY, DATA IS USED FROM ANNUAL CUPA-HR ADMINISTRATIVE SALARY SURVEYS AND SPECIFICALLY REGARDING SALARIES FOR: 1.PRIVATE INDEPENDENT INSTITUTIONS WITH ENROLLMENT UNDER 1000 , COMPARING TO THE FIRST QUARTILE OF ENROLLMENT, WHICH IS THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 2.PRIVATE INDEPENDENT INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE , AGAIN THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 3.BACCALAUREATE INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE ( MELDING TYPE OF INSTITUTION AND BUDGET SIZE). 4.THE SAME DATA POINTS ARE USED FOR AN ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION, SHARING THE DATA WITH THE CHAIRMAN OF THE BOARD, WHO THEN SHARES THE DATA WITH THE EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. | |
| FORM 990, PART XI, LINE 9: | UNREALIZED LOSS ON BENEFICIAL INTEREST IN PERPETUAL TRUST 306,019. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | OVERSIGHT PROCESS: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SBC FOREIGN PROGRAMS INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1051 | AddressLine1 |
| City | SWEET BRIAR | City |
| State | VA | State |
| ZIP Code | 24595 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541733600 | EIN |
| Primary Activities | EDUCATIONAL PROGRAM | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 11 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SWEET BRIAR INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SBC FOREIGN PROGRAMS INC | ||
| N | 682213 | ACTUAL COST |
| SBC FOREIGN PROGRAMS INC | ||
| O | 121653 | ACTUAL COST |
| SBC FOREIGN PROGRAMS INC | ||
| R | 797588 | ACTUAL COST |