2011-05-09T08:42:00-07:00 2010-06-30 CHERRY BEKAERT & HOLLAND LLP 101 W MAIN ST STE 820 NORFOLK VA 235101694 990 2009-07-01 546039600 Virginia Wesleyan College VIRG 7574553317 Wesleyan Drive Norfolk VA 23502 Cary A Sawyer 2011-05-09 Nicholas P Paul Jr CPA 7576233236 2009 2016-02-24 21:20:13Z Cary Sawyer 1584 Wesleyan Dr Norfolk VA 23502 56488413 false false X www.vwc.edu X 1961 VA 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. 36 36 931 40 194045 -81684 3321780 10343408 36796450 38667211 2074645 -179261 472727 483382 42665602 49314740 10619393 12153123 0 20047475 20129770 0 1315583 12105487 12826056 42772355 45108949 -106753 4205791 107562514 114076347 43277516 43644708 64284998 70431639 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. false false 37771923 12153123 38667211 EDUCATION - TOTAL STUDENTS ENROLLED - 1,386EDUCATION - GRADUATED WITH BACCALAUREATE DEGREE - 206 37771923 true true false false false false false true false true true true false true false false false false false false false false false true true true false false false false false false true false false false true false false false false false false false false true 87 0 true 931 true true true false false false false false false false false false 0 false false false false false false false false 36 36 false true false false false false false true true false false false true true true true false false true false false false X VICE PRES BUSINESS AFFAIRS 7574553317 100 Wesleyan Drive Norfolk VA 23502 William W Granger III 0.50 X 0 0 0 William Shelhorse 0.50 X 0 0 0 William H Thumel Jr 0.50 X 0 0 0 William Fanney 0.50 X 0 0 0 Vincent J Mastracco Jr 0.50 X 0 0 0 Thomas C Broyles 0.50 X 0 0 0 Tassos Paphites 0.50 X 0 0 0 Tammy Estep 0.50 X 0 0 0 Susan Goode 0.50 X 0 0 0 Susan A Torma 0.50 X 0 0 0 Steven D Frederickson 0.50 X 0 0 0 Roy Hendrix 0.50 X 0 0 0 Ronald M Kramer 0.50 X 0 0 0 Robin D Ray 0.50 X 0 0 0 Robert W Collenberg 0.50 X 0 0 0 Robert H DeFord Jr 0.50 X 0 0 0 Robert F Boyd 0.50 X 0 0 0 Rick Hinshaw 50.00 X 143292 0 20384 Richard D Roberts 0.50 X 0 0 0 Phillip Perdue 50.00 X 113038 0 9291 OL Everett 0.50 X 0 0 0 Myrtle Frances Hatcher 0.50 X 0 0 0 Mark Towe 0.50 X 0 0 0 Lynn Clements 0.50 X 0 0 0 Louis F Ryan 0.50 X 0 0 0 Lemuel E Lewis 0.50 X 0 0 0 Kevin C Dolliver 0.50 X 0 0 0 John Trinder 0.50 X 0 0 0 John N Vest 0.50 X 0 0 0 Jerrold L Miller 0.50 X 0 0 0 Jeanne Polizos ross 0.50 X 0 0 0 Jane P Batten 0.50 X 0 0 0 James Griffiths 0.50 X 0 0 0 Helen Hoffman 0.50 X 0 0 0 George Y Birdsong 0.50 X 0 0 0 George Middleton 0.50 X 0 0 0 George K Tsantes III 0.50 X 0 0 0 Gary D Bonnewell 0.50 X 0 0 0 Frank Blocker 0.50 X 0 0 0 Emily S Miles 0.50 X 0 0 0 Dr William T Greer Jr 50.00 X X 325008 0 103673 Dr William Gibson 50.00 X 102461 0 16688 Dr Timothy O'Rourke 50.00 X 171031 0 22123 Dr Lawrence Hultgren 50.00 X 107979 0 17048 Dr Douglas Kennedy 50.00 X 100474 0 17738 Deborah H Butler 0.50 X 0 0 0 David Kaufman 0.50 X 0 0 0 David Buckingham 50.00 X 117911 0 17761 Dale R Foley 0.50 X 0 0 0 D Henry Watts 0.50 X 0 0 0 Charles E Harris 0.50 X 0 0 0 Charlene Kammerer 0.50 X 0 0 0 Cary Sawyer 50.00 X 102173 0 17795 Bruce Vaughn 0.50 X 0 0 0 Bradford L Philips 0.50 X 0 0 0 Benjamin Willis 0.50 X 0 0 0 B Minette Cooper 0.50 X 0 0 0 Anne Shumadine 0.50 X 0 0 0 1283367 242501 9 false true false Sodexho Inc and Affiliates PO Bo 905374 Charlotte NC 28290 Food Service Mgmt 1850592 RD Lambert and Son 1724 Lambert Court Chesapeake VA 23327 Design/Build Cons 543293 Noel Levitz 2350 Oakdale Blvd Coralville IA 52241 Enrollment Mgt Consu 107785 Cho Ben Holback Associates Inc 100 North Charles Street Baltimore MD 21201 Architectural Servic 104059 Aramark 527 Plymouth Rd Plymouth Meeting PA 19462 Facilities Mgmt Serv 589860 5 273514 10069894 659192 10343408 STUDENT FEES 32236288 32236288 OTHER 328935 328935 AUXILIARY ENTERPRISE 6101988 6101988 38667211 243869 243869 0 0 281123 296133 -15010 -15010 -50442 35432 5800972 6097904 126198 -296932 -126198 -423130 -423130 0 0 907343 653438 253905 253905 Furnishing of Meals 244487 244487 244487 49314740 38667211 194045 110076 0 12153123 12153123 0 0 1175500 583962 266402 325136 0 14380416 11444726 2280637 655053 1013118 769794 188617 54707 2439154 1960412 398972 79770 1121582 852234 208790 60558 0 0 88000 88000 0 0 0 219482 219482 0 35893 35893 0 0 1827670 1654579 173091 338251 230939 55343 51969 0 0 1524418 1383745 140673 0 2725651 2568086 157565 274736 274736 Supplies 972630 828419 107328 36883 Student Activites 215840 215840 Other 2152143 805525 1295112 51506 Cost of Sales (Auxiliary) 1623324 1623324 Athletics 544296 544296 283722 152919 130802 1 45108949 37771923 6021443 1315583 X 0 5586470 5295474 4550085 3934581 404552 482230 0 0 1295439 1239913 230187 242782 353294 362849 88944027 32809777 57020411 56134250 37060389 45232095 0 0 0 1061687 1152173 107562514 114076347 3866536 3798973 956614 956614 1089924 988206 34883086 34049111 2481356 3851804 43277516 43644708 X 25674944 25113810 8057794 7449251 30552260 37868578 64284998 70431639 107562514 114076347 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256973 X false 38037748 8004523 3061742 -1247793 -1046791 46809429 52014786 742235 -12324110 -1312308 -1082855 38037748 0.17000 0.83000 false false false 586068 586068 73263134 20944823 52318311 12584273 10017490 2566783 2510552 1847464 663088 56134250 Obligations under split interest agmnt 268931 Obligations under int rate swap contract 3582873 3851804 49314740 45108949 4205791 1940850 1940850 6146641 40178235 4393376 4393376 35784859 13529881 13529881 49314740 34031595 1075769 1075769 32955826 12153123 12153123 45108949 Part X Part X : FIN48 Footnote The College believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial Aid Expense $12153123 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Cost of Sales $653438 Facilities Expense $296133 Loss on Abandonment $126198 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial Aid Expense $12153123 Income on interest rate swap contract $1376758 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Cost of Sales $653438 Facilities Expense $296133 Unrealized Gain $3317607 Loss on Abandonment $126198 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances $ -0 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. Endowment funds are used to fund scholarships and grants for students and support operations. Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The collection consists primarily of paintings and is held for public display in relation to art classes taught by the College. true true true PUBLISHED ANNUALLY IN LOCAL MAJOR NEWSPAPER. true true true true false false false false false false false false true false 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). true true X 0 0 Scholarships 674 1723587 Minister's Children 8 27790 Grants 969 10184014 Federal Grants 107 170798 Christian Service 5 46934 Grantmaker's Description of How Grants are Used 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. X true true X X false true false false false false false false false false Rick Hinshaw 143292 10989 9395 163676 164086 Dr William T Greer Jr 325008 44550 59123 428681 429676 Dr Timothy O'Rourke 171031 14000 8123 193154 193274 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. City of VB Dev Auth 540947964 92773PAB2 2007-05-31 30350000 Refinance of addl facilities false false false false false false 0.01000 true false true true Bank of America 30.0000 true false false Cary Sawyer Officer see schedule O X 17 635130 FMV X Other 6 24062 FMV false true false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, policies and financial statements are provided upon request. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Officers, Directors, and Trustees are required to annually sign a form stating that there are no conflicts of interest between themselves and the College. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Management will review a draft of the returns, then provide a copy to members of the Audit Committee and Finance Committee. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company The College's Vice President of Operations, Bruce Vaughn, is charged with the College's maintenance and improvement plan, including duties involving the physical plant, bookstore, computer services, risk management and purchasing. He is not an employee of the College. He is an employee of Aramark who provides Facilities Management Services for the College. Client Note1 Form 990, Part IX, Line 24fAll Other ExpensesInformation Services 122,001Maintenance 161,720Postage & Shipping 1 Total 283,722