2014-05-14T15:46:51-05:00 2013-06-30 540504608 BROWN EDWARDS & COMPANY LLP PO BOX 10189 LYNCHBURG VA 245060189 990 2012-07-01 540505941 RANDOLPH COLLEGE RAND 4349478000 2500 RIVERMONT AVENUE LYNCHBURG VA 24503 JONATHAN TYREE 4349478346 2014-05-14 1 RYAN MCENTIRE P00236022 4349489000 2012 2015-11-30 17:44:51Z BRADLEY W BATEMAN 2500 RIVERMONT AVENUE LYNCHBURG VA 24503 34713582 0 X WWW.RANDOLPHCOLLEGE.EDU X 1891 VA INSTRUCTION (LIBERAL ARTS HIGHER EDUCATION) - SEE PAGE 2 FOR COMPLETE DESCRIPTION 25 25 781 14 31489 -18086 5910399 6537955 22361555 25432648 2339794 2742979 0 0 30611748 34713582 9418438 11175332 0 0 757091 1190719 0 0 1247250 25770740 28022817 35946269 40388868 -5334521 -5675286 203667639 204574452 31654961 29167543 172012678 175406909 SEE DETAILED DESCRIPTION OF ORGANIZATION'S PRIMARY MISSION PROVIDED ON SCHEDULE O 0 0 33444356 11175332 26754798 INSTRUCTION: 628 FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS AND 17 PART-TIME STUDENTS (BASED ON FALL 2012 ENROLLMENT) 33444356 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 X 96 0 1 781 1 1 1 1 UK 0 0 0 0 0 0 0 1 1 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X JAMES MANARO 4349478346 2500 RIVERMONT AVENUE LYNCHBURG VA 24503 JOSIAH BUNTING III 2.00 X 0 0 0 KAREN E CAMPBELL 2.00 X 0 0 0 PETER H DEAN 2.00 X 0 0 0 REBECCA R DIXON 2.00 X 0 0 0 REBECCA MORRISON DUNN 2.00 X X 0 0 0 JULIE HUSTON ELLIS 2.00 X 0 0 0 KEITH J EVANS 2.00 X 0 0 0 SUSAN BRASELTON FANT 2.00 X 0 0 0 C THOMAS FAULDERS III 2.00 X X 0 0 0 CAROLYN BURGESS FEATHERINGILL 2.00 X 0 0 0 SUSAN L GENOVESE 2.00 X 0 0 0 DONALD M GILES 2.00 X 0 0 0 CATHY HAVENER GREER 2.00 X 0 0 0 CAROL J HALEY 2.00 X 0 0 0 ELIZABETH EARLE KOJAIAN 2.00 X 0 0 0 MARIAN PHILLIPS MANCINI 2.00 X 0 0 0 ALLISON GULICK MULLER 2.00 X 0 0 0 KAREN K PATTERSON 2.00 X 0 0 0 CHARLES W PRYOR JR 2.00 X 0 0 0 MARY MICHELS SCOVANNER 2.00 X 0 0 0 MARY GRAY SHOCKEY 2.00 X 0 0 0 CAROLINE A STEPHENS 2.00 X 0 0 0 DAVID H STREET 2.00 X 0 0 0 ALISON KELLER TOWNSEND 2.00 X 0 0 0 ANNE W TUCKER 2.00 X 0 0 0 JOHN E KLEIN 40.00 X 746394 0 38532 CHRISTOPHER L BURNLEY 40.00 X 138580 0 32027 WESLEY R FUGATE 40.00 X 67528 0 15594 MITCHELL WESOLOWSKI 40.00 X 0 0 0 JAN Y MERIWETHER 40.00 X 141977 0 32076 SANDRA C BARTHOLOMEW 40.00 X 104673 0 23003 LEE MAYHALL 40.00 X 102257 0 27723 MICHAEL J QUINN 40.00 X 101257 0 27695 1402666 0 196650 6 0 1 0 CL LEWIS PO BOX 10728 LYNCHBURG VA 24501 CONSTRUCTION 2850619 ARAMARK 2500 RIVERMONT AVE LYNCHBURG VA 24503 DINING & CATERING 1802617 MOORE'S ELECTRICAL AND MECHANICAL CONSTR 101 EDGEWOOD AVENUE ALTAVISTA VA 24517 CONSTRUCTION 750387 SECURITAS SECURITY SERVICES USA INC PO BOX 403412 ATLANTA GA 303843412 SECURITY 433722 THOMAS DESIGN & BUILD LLC 212 HITCHING POST LANE FOREST VA 24551 CONSTRUCTION 252834 22 X 170742 6367213 930337 6537955 TUITION AND FEES 611710 18890571 18890571 AUXILIARY SERVICES 611710 5858990 5858990 OTHER 611710 683087 651598 31489 25432648 1389340 1389340 1353639 0 1353639 1353639 1353639 34713582 26754798 31489 1389340 X 10866322 10866322 309010 309010 1190719 1190719 INSTRUCTION 9727342 9727342 INSTITUTIONAL SUPPORT 5753793 4506543 1247250 STUDENT SERVICES 5478619 5478619 AUXILIARY SERVICES 4295660 4295660 2767403 2767403 40388868 33444356 5697262 1247250 2719590 1899426 4402365 3788897 6506751 6422658 463048 353741 1719518 1783495 91409336 44007476 43204935 47401860 143807961 141964433 843471 959942 203667639 204574452 2114049 1259740 22142346 20844099 124217 19282 789488 738075 6484861 6306347 31654961 29167543 X 49887150 55010881 40978790 38598321 81146738 81797707 172012678 175406909 203667639 204574452 X -5675286 9048187 21330 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3095884 47500 X X X X X INSTRUCTION 0 132392104 1764107 13345981 3634205 8446446 2349000 133072541 146270420 -146106 -2534065 3824704 5847441 1526000 132392104 134963965 779512 22353417 3777440 5815034 2234000 146270420 123757448 6603095 16477067 3389368 6324277 2160000 134963965 152927027 4043391 -20674027 3561898 7588045 1389000 123757448 0.22000 0.57000 0.21000 0 0 598004 598004 63210468 23659102 39551366 22886788 20186274 2700514 4714076 162100 4551976 47401860 EQUITIES 64271295 F ALTERNATIVE INVESTMENTS 37774026 F BONDS 28038035 F CASH AND CASH EQUIVALENTS 8570726 F REAL ESTATE 287063 F FUNDS HELD IN TRUST BY OTHERS 3023288 F 141964433 ACCRUED INTEREST PAYABLE 150546 STUDENT DEPOSITS AND OTHER DEFERRED REVENUE 773036 POST-RETIREMENT HEALTHCARE BENEFIT OBLIGATION 555032 U.S. GOVERNMENT GRANTS REFUNDABLE 629190 TRUST AND ANNUITY OBLIGATIONS 2439627 ASSET RETIREMENT OBLIGATION (ASBESTOS ABATEMENT) 1758916 6306347 X 32607767 9048187 21330 9069517 23538250 11175332 11175332 34713582 29213536 0 29213536 11175332 11175332 40388868 PART III, LINE 4: THE COLLEGE HAS AN IMPORTANT AMERICAN ART COLLECTION WHICH HAS BEEN ASSEMBLED OVER A PERIOD OF MORE THAN 100 YEARS, THROUGH DIRECT ACQUISITIONS BY THE COLLEGE AS WELL AS DONATIONS. THE PURPOSE OF THE COLLECTION, FROM ITS INCEPTION, HAS BEEN TO ACQUIRE ORIGINAL ART, GENERALLY CONTEMPORARY ART, OF THE HIGHEST QUALITY WHICH IS USED IN SUPPORT OF THE COLLEGE'S EDUCATIONAL MISSION. THIS INCLUDES STUDY AND ANALYSIS OF ARTISTIC TECHNIQUES, IMAGERY AND SUBJECT MATTER, AS WELL AS INSTRUCTION IN HISTORICAL, SCIENTIFIC (BOTH PHYSICAL SCIENCES AND SOCIAL SCIENCES), MUSEUM STUDIES, AND OTHER ACADEMIC DISCIPLINES. ORIGINALLY DISPLAYED THROUGHOUT THE CAMPUS, MOST OF THE COLLECTION IS NOW HELD UNDER CURATORIAL CARE AND SUPERVISION IN A SEPARATE BUILDING THAT IS USED AS AN ART GALLERY, EXHIBITION SPACE AND A LOCATION FOR MUSEUM AND OTHER EDUCATIONAL STUDIES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE OF DONOR-RESTRICTED FUNDS AND BOARD-DESIGNATED FUNDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE COLLEGE QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND, THEREFORE, IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2013 AND 2012 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE COLLEGE'S RESULTS OF ACTIVITIES. THE FEDERAL FORM 990S OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSET RETIREMENT OBLIGATION -83,758. LOSS ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT -21,786. CHANGE IN INTEREST RATE SWAP LIABILITY 126,874. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS/FINANCIAL AID 11,175,332. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT SCHOLARSHIPS/FINANCIAL AID 11,175,332. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN ALL ADMISSIONS MATERIALS TO PROSPECTIVE STUDENTS AND ON ITS WEB SITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES GOVERNMENT ASSISTANCE FOR FINANCIAL AID. TOTAL FEDERAL WORK STUDY (FWS), FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG) AND NATIONAL SCIENCE FOUNDATION S-STEM EXPENSES WERE $170,742. 1 READING, ENGLAND 1 3 PROGRAM SERVICES INSTRUCTION 404394 1 3 0 0 1 3 404394 0 404394 FINANCIAL AID EUROPE 19 309010 INTERNAL TRANSFER TO APPLY FINANCIAL AID TO STUDENTS' ACCOUNTS RECEIVABLE 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACCOUNTING METHOD - ACCRUAL SCHEDULE F, PART III: ACCOUNTING METHOD - ACCRUAL 1 SCHOLARSHIPS TO STUDENTS 607 10866322 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE COLLEGE MAINTAINS RECORDS TO ENSURE STUDENT FINANCIAL AID IS AWARDED TO ELIGIBLE STUDENTS BASED ON FEDERAL REGULATIONS OR DONOR RESTRICTIONS. THE COLLEGE AWARDS GRANTS TO STUDENTS BASED ON CRITERIA SET FORTH IN THE INDIVIDUAL SCHOLARSHIPS. "NEED BASED" GRANTS ARE AWARDED BASED ON INFORMATION OBTAINED FROM THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN E KLEIN 324348 0 415000 0 7046 0 0 0 38532 0 784926 0 0 0 CHRISTOPHER L BURNLEY 138580 0 0 0 0 0 0 0 32027 0 170607 0 0 0 JAN Y MERIWETHER 141977 0 0 0 0 0 0 0 32076 0 174053 0 0 0 SUPPLEMENTAL INFORMATION PART III NOTE REGARDING PART II: THE BONUS REPORTED IN COLUMN(B)(II) FOR MR. KLEIN WAS EARNED UNDER A PERFORMANCE-BASED BONUS PROGRAM FOLLOWING THE END OF A FIVE-YEAR PERFORMANCE PERIOD ENDING JUNE 30, 2012. A IDA THE CITY OF LYNCHBURG SERIES 2010 541225193 2010-01-28 7542691 REFUNDED PRIOR BOND ISSUANCE 0 0 0 B EDA OF AMHERST COUNTY SERIES 2010 830477842 2010-01-28 5681360 REFINANCE ANTIC. NOTE 0 0 0 C IDA THE CITY OF LYNCHBURG SERIES 2003 541225193 55123PAT7 2003-06-05 16470000 REFUNDED PRIOR BOND ISSUANCE 0 0 0 A 7542691 92691 2010 1 0 1 1 B 5681360 81360 2010 1 0 1 1 C 16470000 2003 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 1 1 0 0 0 0 B 1 1 0 0 0 0 C 1 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K SUPPLENTAL INFORMATION ADDITIONAL EXPLANATION FOR PART III, LINE 9, PART IV LINE 7, AND PART V: SINCE JUNE 30, 2013, THE COLLEGE HAS ADOPTED WRITTEN PROCEDURES RELATED TO ITS TAX-EXEMPT DEBT. X 68 802637 COST OR SELLING PRICE X HORSES 3 124500 OPINION OF EXPERTS X SADDLE 1 3200 OPINION OF EXPERTS 0 1 1 THIRD PARTY USE: PART I, LINE 32B: AS OF JUNE 30, 2013, THE COLLEGE HAS THREE PAINTINGS HELD FOR SALE UNDER A CUSTODIAL ARRANGEMENT WITH CHRISTIE'S AUCTION HOUSE. IN ADDITION, THE COLLEGE INFREQUENTLY RECEIVES JEWELRY AS PART OF AN ESTATE GIFT. IN SUCH ISOLATED CIRCUMSTANCES, THE COLLEGE HAS UTILIZED A LOCAL JEWELRY COMPANY OR AN AUCTIONEER TO SELL THESE ITEMS. DESCRIPTION OF ORGANIZATION MISSION: FORM 990, PART III, LINE 1 SINCE ITS FOUNDING IN 1891 AS RANDOLPH-MACON WOMAN'S COLLEGE, RANDOLPH COLLEGE HAS OFFERED STUDENTS A RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES. IN KEEPING WITH ITS MOTTO, VITA ABUNDANTIOR, RANDOLPH COLLEGE PREPARES STUDENTS TO ENGAGE THE WORLD CRITICALLY AND CREATIVELY, LIVE AND WORK HONORABLY, AND EXPERIENCE LIFE ABUNDANTLY. RANDOLPH COLLEGE ENCOURAGES EACH STUDENT TO SET AND MEET HIGH PERSONAL GOALS. CAMPUS LIFE IS GROUNDED IN THE HONOR SYSTEM, WHICH FOSTERS INDIVIDUAL INTEGRITY AND MUTUAL TRUST. AS STUDENTS FROM DIVERSE BACKGROUNDS STUDY AND LIVE TOGETHER, THEY ARE EXPECTED TO RESPECT THE RIGHTS AND DIGNITY OF OTHERS, TO BE OPEN TO CULTURAL DIFFERENCES, AND TO EXERCISE PERSONAL AND SOCIAL RESPONSIBILITY. THEY ARE ENCOURAGED TO DEVELOP CONFIDENCE AND TO PARTICIPATE FULLY IN A COMMUNITY IN WHICH WOMEN AND MEN WORK TOGETHER AND TREAT ONE ANOTHER AS EQUALS. THROUGH EXCELLENCE IN TEACHING, ADVISING, AND SCHOLARSHIP, THE FACULTY PROVIDES THE CHALLENGES REQUISITE TO THE INTELLECTUAL DEVELOPMENT OF EACH STUDENT. WITH FACULTY SUPPORT, THE UNDERGRADUATE STUDENTS DESIGN INDIVIDUALIZED AND COHERENT PROGRAMS OF STUDY THAT COMBINE ACADEMIC AND CO-CURRICULAR COMPONENTS. WHILE EACH STUDENT'S EDUCATIONAL PLAN IS UNIQUE, ALL PROGRAMS OF STUDY FOSTER THESE CAPACITIES: TO THINK CRITICALLY; TO WRITE AND SPEAK WITH CLARITY AND ACCURACY; TO EMPLOY QUANTITATIVE REASONING; TO USE TECHNOLOGY EFFECTIVELY AND ETHICALLY; TO CULTIVATE AN AESTHETIC SENSIBILITY; TO UNDERSTAND KEY DIMENSIONS OF THE HERITAGE OF MORE THAN ONE SOCIETY; TO APPROACH PROBLEMS WITH CREATIVITY AND IMAGINATION; TO WORK BOTH INDEPENDENTLY AND COLLABORATIVELY; AND TO RECOGNIZE THE POWER AND LIMITATIONS OF KNOWLEDGE. THE GRADUATE STUDENTS PURSUE MORE NARROWLY FOCUSED PROGRAMS OF RIGOROUS STUDY DESIGNED TO ADD SPECIALIZED KNOWLEDGE TO THEIR UNDERGRADUATE EDUCATION. THE GRADUATE PROGRAMS ARE DIRECTED BY FACULTY MEMBERS WHO ARE ESPECIALLY KNOWLEDGEABLE ABOUT THE PROFESSIONAL STANDARDS TO BE MET BY THOSE WHO EARN ADVANCED DEGREES. THROUGH THEIR EXPERIENCES AT RANDOLPH COLLEGE, STUDENTS ARE CHALLENGED TO THINK AMBITIOUSLY AND TO PREPARE THOUGHTFULLY FOR THEIR FUTURES IN A DIVERSE SOCIETY AND AN INCREASINGLY COMPLEX WORLD THAT OFFERS THEM EXPANDING OPPORTUNITIES FOR LEADERSHIP, RESPONSIBILITY, AND SERVICE. CONTRIBUTIONS FORM 990, PART V, QUESTIONS 7G AND 7H THE COLLEGE DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY DURING THE TAX YEAR. THEREFORE, THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE COLLEGE DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE COLLEGE TO FILE FORM 1098-C. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE CONTROLLER, DIRECTOR OF FINANCE AND BUDGET, V.P. FOR FINANCE AND ADMINISTRATION, AND COLLEGE PRESIDENT. ALSO, THE FORM 990 WAS PROVIDED TO THE COLLEGE'S BOARD OF TRUSTEES FOR ITS REVIEW AND QUESTIONS AT THE APRIL 2014 BOARD MEETING. IN CONSIDERATION OF THE PRIVACY OF OUR DONORS, SCHEDULE B, "SCHEDULE OF CONTRIBUTORS" WAS OMITTED FROM THE 990 COPIES WHICH WERE PROVIDED TO THE GOVERNING BODY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, ALL SENIOR STAFF MEMBERS, THE DIRECTOR OF FINANCE AND BUDGET, AND THE CONTROLLER REVIEW, COMPLETE, AND SIGN CONFLICT OF INTEREST FORMS ANNUALLY. THE SECRETARY OF THE BOARD MAINTAINS THESE DOCUMENTS. VOTING MEMBERS OF THE BOARD RECUSE THEMSELVES FROM A VOTE IF A POTENTIAL CONFLICT OF INTEREST EXISTS IN A MATTER. IF THERE IS A QUESTION ABOUT THE EXISTENCE OF A CONFLICT OF INTEREST, THE BYLAWS (ARTICLE 1, SECTION 8D) PROVIDE STANDARDS AND PROCEDURES FOR RESOLVING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF OFFICERS/KEY EMPLOYEES: FOR ALL MEMBERS OF THE COLLEGE'S SENIOR STAFF AND THE PRESIDENT'S DIRECT REPORTS, THE DIRECTOR OF HUMAN RESOURCES PROVIDES COMPARATIVE COMPENSATION DATA FROM THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) TO THE PRESIDENT. THE PRESIDENT SHARES THIS INFORMATION WITH THE CHAIR OF THE BOARD OF TRUSTEES AND THE COMPENSATION COMMITTEE, AS NEEDED. THIS INFORMATION IS REVIEWED DURING THE PERFORMANCE ASSESSMENT PROCESS TO DETERMINE SUCH EMPLOYEE'S COMPENSATION. THE COLLEGE'S BOARD OF TRUSTEES (THE "BOARD") HIRED MERCER HUMAN RESOURCES CONSULTING ("MERCER") IN 2007 TO ASSIST IN DETERMINING THE REASONABLENESS OF THE INITIAL COMPENSATION FOR THE COLLEGE PRESIDENT. USING APPROPRIATE PEER GROUP AND COMPARATIVE MARKET DATA, MERCER ISSUED AN OPINION AFFIRMING THE REASONABLENESS OF THE COMPENSATION PACKAGE. THE ANALYSIS WAS COMPREHENSIVE, UTILIZING MANY SOURCES, INCLUDING THE FORM 990 OF OTHER INSTITUTIONS. DURING THE SPRING OF 2009, THE CHAIR OF THE BOARD APPOINTED AN AD HOC COMPENSATION COMMITTEE, COMPRISING FOUR BOARD MEMBERS, INCLUDING THE CHAIR OF THE BOARD. THIS COMMITTEE RECOMMENDS ANY COMPENSATION ADJUSTMENTS FOR THE PRESIDENT TO THE EXECUTIVE COMMITTEE OF THE BOARD AND THE RATIONALE THEREIN, AND ANY SUCH COMPENSATION ADJUSTMENTS ARE THEN APPROVED BY THE FULL BOARD. THE COLLEGE HAS NOW AMENDED ITS BYLAWS TO ADD THE COMPENSATION COMMITTEE AS A PERMANENT STANDING COMMITTEE OF THE BOARD. THE PRESIDENT ALSO HAS A WRITTEN EMPLOYMENT CONTRACT WHICH INCLUDES THE NECESSARY COMPENSATION PROVISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE IS A PRIVATE INSTITUTION AND DOES NOT REGULARLY MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. GAIN ON SALE OF SECURITIES FORM 990, PART VIII, LINES 7A TO 7D DETAIL AVAILABLE UPON REQUEST. DETAIL OF "ALL OTHER EXPENSES": FORM 990, PART IX, LINE 24E "ALL OTHER EXPENSES" CONSISTS SOLELY OF ACADEMIC SUPPORT, IN THE AMOUNT OF $2,767,403. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: LOSS ON ASSET RETIREMENT OBLIGATION -83,758. LOSS ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT -21,786. CHANGE IN INTEREST RATE SWAP LIABILITY 126,874. INVESTMENT PROPERTIES OF LYNCHBURG LLC 2500 RIVERMONT AVENUE LYNCHBURG VA 24503 541900543 COMMERCIAL REAL ESTATE VA 21600 638701 N/A RMWC ALUMNAE AND RC ALUMNI ASSOC 2500 RIVERMONT AVENUE LYNCHBURG VA 24503 540350944 ALUMNAE(I) CONNECTIONS VA 501(C)(3) 11A-TYPE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 RMWC ALUMNAE AND RC ALUMNI ASSOCIATION N 47142 FINANCIAL REPORT RMWC ALUMNAE AND RC ALUMNI ASSOCIATION O 200905 FINANCIAL REPORT RMWC ALUMNAE AND RC ALUMNI ASSOCIATION P 319109 FINANCIAL REPORT RMWC ALUMNAE AND RC ALUMNI ASSOCIATION Q 10407 FINANCIAL REPORT RMWC ALUMNAE AND RC ALUMNI ASSOCIATION C 245 FINANCIAL REPORT RMWC ALUMNAE AND RC ALUMNI ASSOCIATION R 4044 FINANCIAL REPORT