RANDOLPH COLLEGE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- RANDOLPH COLLEGE (EIN 54-0505941)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201121369349302032
- Schema version
- 2009v1.7
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T09:50:57-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brown Edwards & Company LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 10189 | AddressLine1 |
| City | Lynchburg | City |
| State | VA | State |
| ZIP Code | 245060189 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540505941 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RANDOLPH COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RAND | NameControl |
| Phone | 4349478000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 24503 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTOPHER L BURNLEY | Name |
| Title | TREASURER/VP OF FINANCE | Title |
| Phone | 4349478114 | Phone |
| Date Signed | 2011-05-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Ryan McEntire | Name |
| Phone | 4349489000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN E KLEIN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 24503 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 30970305 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.randolphcollege.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1891 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | INSTRUCTION (LIBERAL ARTS HIGHER EDUCATION) - SEE PAGE 2 FOR COMPLETE DESCRIPTION) | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 29 | NbrIndependentVotingMembers |
| Total Nbr Employees | 766 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 1270 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -5101 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7973177 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9590515 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22937601 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18566347 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -3510833 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2813443 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27399945 | TotalRevenuePriorYear |
| Total Revenue Current Year | 30970305 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 8443770 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 7096640 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 521125 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 594085 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1206848 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 24921865 | OtherExpensePriorYear |
| Other Expenses Current Year | 24896640 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33886760 | TotalExpensesPriorYear |
| Total Expenses Current Year | 32587365 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6486815 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1617060 | RevenuesLessExpensesCY |
| Total Assets BOY | 191659576 | TotalAssetsBOY |
| Total Assets EOY | 202201945 | TotalAssetsEOY |
| Total Liabilities BOY | 35206620 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 34285544 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 156452956 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 167916401 | NetAssetsOrFundBalancesEOY |
| Mission Description | SEE DETAILED DESCRIPTION OF ORGANIZATION'S PRIMARY MISSION PROVIDED ON SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26530762 | Expense |
| Grants | 7096640 | Grants |
| Revenue | 19247186 | Revenue |
| Description | INSTRUCTION: 484 FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS AND 16 PART-TIME STUDENTS (BASED ON FALL 2009 ENROLLMENT) | Description |
| Total Program Service Expense | 26530762 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | 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 | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | 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 | 71 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 766 | 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 | UK | 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 |
| Form8899 Filed | 1 | Form8899Filed |
| Form1098 C Filed | 1 | Form1098CFiled |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 29 | 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 | Christopher L Burnley | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4349478115 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 24503 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Lee Sanford Ainslie | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Katharine Stark Caldwell | |||||||||
| TRUstee | 2.00 | X | 0 | 0 | 0 | ||||
| Karen E Campbell | |||||||||
| TRUstee | 2.00 | X | 0 | 0 | 0 | ||||
| Mary Laurie Johnson Cece | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Peter H Dean | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Rebecca R Dixon | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Rebecca Dunn | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Julie Huston Ellis | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Susan Braselton Fant | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| C Thomas Faulders III | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Carolyn B Featheringill | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Susan L Genovese | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Donald M Giles | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Lucy Williams Hooper | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| Roderick P Hoover Jr | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Elizabeth A Maffey | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| marian phillips mancini | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Barbara n mccarthy | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Charles W Pryor Jr | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Mary Michels Scovanner | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| mary gray shockey | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Caroline A Stephens | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Lynn Hume Stuart | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| John R Torell IV | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| alison keller townsend | |||||||||
| trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Anne W Tucker | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Gail Waller | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Eugenia Livings Welburn | |||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | ||||
| Marietta Edmunds Zakas | |||||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||||
| John E Klein | |||||||||
| College President | 40.00 | 306938 | 0 | 31601 | X | X | X | ||
| chrISTOPHER L BURNLEY | |||||||||
| tREASURER/VP OF FINANCE | 40.00 | 128026 | 0 | 30825 | X | X | |||
| jean h stewart | |||||||||
| director of advancement services | 40.00 | 102300 | 0 | 21282 | X | ||||
| DENNIS STEVENS | |||||||||
| vp acad affairs/dean of the college | 40.00 | 130776 | 0 | 30543 | X | ||||
| sarah l swager | |||||||||
| vp student affairs/dean of students | 40.00 | 107085 | 0 | 22087 | X | ||||
| dIXIE N SAKOLOSKY | |||||||||
| sECRETARY | 40.00 | 85225 | 0 | 18616 | X | ||||
| VICTOR GOSNELL | |||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | 105272 | 0 | 19279 | X | ||||
| KATHLEEN BOWMAN | |||||||||
| FORMER PRESIDENT | 0.00 | 119994 | 0 | 8362 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1085616 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 182595 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| COLEMAN-ADAMS CONSTRUCTION | |||||
| PO box 368 | FOREST | VA | 24551 | CONSTRUCTION | 2212377 |
| Aramark | |||||
| 2500 rivermont ave | lynchburg | VA | 24503 | DINING & CATERING | 1408803 |
| SecuRITAS SECURITY SERVICES USA INC | |||||
| PO Box 403412 | AtLANTA | GA | 303843412 | Security | 413704 |
| Mcguire woods llp | |||||
| 901 E Cary st | riCHMOND | VA | 23219 | Legal | 284742 |
| RCM&D | |||||
| 555 FAIRMONT AVE | BALTIMORE | MD | 21286 | INSURANCE | 248300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Government Grants | 177616 | GovernmentGrants |
| All Other Contributions | 9412899 | AllOtherContributions |
| Noncash Contributions | 410354 | NoncashContributions |
| Total Contributions | 9590515 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 13582263 | 13582263 | |
| AUXILIARY SERVICES | 611710 | 4022009 | 4022009 | |
| OTHER | 611710 | 946515 | 946515 | |
| BOOKSHOP COMMISSIONS | 451211 | 15560 | 14290 | 1270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18566347 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2131334 | TotalRevenueColumn |
| Exclusion | $2,131,334 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 682109 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 682109 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 682109 | TotalRevenueColumn |
| Related Or Exempt Function Income | 682109 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30970305 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19247186 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1270 | UnrelatedBusinessRevenue |
| Exclusion | $2,131,334 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6935430 | Total |
| Program Services | 6935430 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161210 | Total |
| Program Services | 161210 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 594085 | Total |
| Management And General | 594085 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTION | 8380916 | 8380916 | ||
| INSTITUTIONAL SUPPORT | 5462518 | 4255670 | 1206848 | |
| STUDENT SERVICES | 4744737 | 4744737 | ||
| AUXILIARY SERVICES | 3775672 | 3775672 | ||
| ACADEMIC SUPPORT | 2532797 | 2532797 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32587365 | Total |
| Program Services | 26530762 | ProgramServices |
| Management And General | 4849755 | ManagementAndGeneral |
| Fundraising | 1206848 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1470831 | BOY |
| EOY | 4387931 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4363331 | BOY |
| EOY | 1756094 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7047851 | BOY |
| EOY | 7249247 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 688181 | BOY |
| EOY | 426008 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1795099 | BOY |
| EOY | 1859158 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 76684527 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 38184009 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39380154 | BOY |
| EOY | 38500518 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136432582 | BOY |
| EOY | 147524329 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481547 | BOY |
| EOY | 498660 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191659576 | BOY |
| EOY | 202201945 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1478983 | BOY |
| EOY | 1698274 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25382610 | BOY |
| EOY | 24591831 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 403632 | BOY |
| EOY | 316042 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 928294 | BOY |
| EOY | 884409 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7013101 | BOY |
| EOY | 6794988 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35206620 | BOY |
| EOY | 34285544 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47386506 | BOY |
| EOY | 48775228 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34557299 | BOY |
| EOY | 39778466 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74509151 | BOY |
| EOY | 79362707 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156452956 | BOY |
| EOY | 167916401 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191659576 | BOY |
| EOY | 202201945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 9500 | RevenuesIncluded |
| Assets In Part X | 2865705 | AssetsInPartX |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 47500 | 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 |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | INSTRUCTION | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 123757448 | BeginningOfYearBalance |
| Contributions | 6603095 | Contributions |
| Investment Earnings Or Losses | 16477067 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3389368 | GrantsOrScholarships |
| Other Expenditures | 6324277 | OtherExpenditures |
| Administrative Expenses | 2160000 | AdministrativeExpenses |
| End Of Year Balance | 134963965 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 152927027 | BeginningOfYearBalance |
| Contributions | 4043391 | Contributions |
| Investment Earnings Or Losses | -20674027 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3561898 | GrantsOrScholarships |
| Other Expenditures | 7588045 | OtherExpenditures |
| Administrative Expenses | 1389000 | AdministrativeExpenses |
| End Of Year Balance | 123757448 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.25000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.75000 | PermanentEndowmentEOYBalance |
| 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 | 498504 | OtherCostOrOtherBasis |
| Book Value | 498504 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 52203595 | OtherCostOrOtherBasis |
| Depreciation | 20678506 | Depreciation |
| Book Value | 31525089 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20201076 | OtherCostOrOtherBasis |
| Depreciation | 17184470 | Depreciation |
| Book Value | 3016606 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3781352 | OtherCostOrOtherBasis |
| Depreciation | 321033 | Depreciation |
| Book Value | 3460319 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 38500518 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| EQUITIES | 48005117 | F |
| ALTERNATIVE INVESTMENTS | 51032149 | F |
| BONDS | 36059581 | F |
| CASH AND CASH EQUIVALENTS | 9644491 | F |
| REAL ESTATE | 287063 | F |
| FUNDS HELD IN TRUST BY OTHERS | 2495928 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 147524329 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED INTEREST PAYABLE | $188,371 |
| STUDENT DEPOSITS AND OTHER DEFERRED REVENUE | $885,781 |
| POST-RETIREMENT HEALTHCARE BENEFIT OBLIGATION | $540,993 |
| U.S. GOVERNMENT GRANTs REFUNDABLE | $629,190 |
| TRUST AND ANNUITY OBLIGATIONS | $2,989,630 |
| Asset Retirement Obligation (asbestos abatement) | $1,561,023 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6794988 | TotalOfAmounts |
| Total Revenue | 30970305 | TotalRevenue |
| Total Expenses | 32587365 | TotalExpenses |
| Excess Or Deficit For Year | -1617060 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 12559952 | NetUnrealizedGLOnInvestments |
| Other | $520,553 | OtherAmount |
| Total Adjustments | 13080505 | TotalAdjustments |
| Excess Or Deficit Per FS | 11463445 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 36954170 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 12559952 | NetUnrealizedGainsInvestments |
| Other Revenues | 520553 | OtherRevenues |
| Revenue Not Rptd F990 | 13080505 | RevenueNotRptdF990 |
| Revenue Subtotal | 23873665 | RevenueSubtotal |
| Other Revenues Not Included | 7096640 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 7096640 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 30970305 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25490725 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25490725 | ExpensesSubtotal |
| Other Expenses Not Included | 7096640 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7096640 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 32587365 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | THE COLLEGE HAS AN EXTENSIVE ART COLLECTION WHICH IS MAINTAINED IN A SEPARATE BUILDING UNDER CURATORIAL CARE AND IS USED FOR INSTRUCTION, PUBLIC EXHIBITION, SCHOLARLY RESEARCH, AND OTHER ACTIVITIES RELATED TO THE COLLEGE'S EDUCATIONAL MISSION, AND ALSO FOR LOAN AND EXCHANGE PROGRAMS. | |
| 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 Intended Use of Endowment Funds: |
| Part X: | 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, 2010 and 2009 would not have a significant impact on the Colleges results of activities. The federal Form 990s of the College for the fiscal years 2009, 2008, and 2007 are subject to examination by the Internal Revenue Service, generally for three years after they are filed. | Description of Uncertain Tax Positions Under FIN 48: |
| Part XI, Line 8 - Other Adjustments: | GAIN ON FUNDS HELD IN TRUST BY OTHERS: 164578. Loss on Asset Retirement Obligation: -74334. GAIN ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT: 844312. WRITE-OFF OF DEFERRED LOAN COSTS DUE TO REFINANCING: -104940. INTEREST RATE SWAP LIABILITY: -309063. | |
| Part XII, Line 2d - Other Adjustments: | GAIN ON FUNDS HELD IN TRUST BY OTHERS: 164578. LOSS ON ASSET RETIREMENT OBLIGATION: -74334. GAIN ON DISPOSAL OF LAND, BUILDINGS, AND EQUIPMENT: 844312. WRITE-OFF OF DEFERRED LOAN COSTS DUE TO REFINANCING: -104940. INTEREST RATE SWAP LIABILITY: -309063. | |
| Part XII, Line 4b - Other Adjustments: | STUDENT SCHOLARSHIPS/FINANCIAL AID: 7096640. | |
| Part XIII, Line 4b - Other Adjustments: | STUDENT SCHOLARSHIPS/FINANCIAL AID: 7096640. |
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 |
| Pub Via Broadcast Media Expln | THE COLLEGE PUBLISHES ITS NONDICRIMINATORY POLICY IN ALL ADMISSIONS MATERIALS TO PROSPECTIVE STUDENTS AND ON ITS WEB SITE. | PubViaBroadcastMediaExpln |
| 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 |
| Govt Financial Aid Explanation | THE COLLEGE RECEIVES GOVERNMENT ASSISTANCE FOR FINANCIAL AID. TOTAL FEDERAL WORK STUDY (FWS) AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG) WERE $177,616. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | READING, ENGLAND | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 3 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | INSTRUCTION | SpecificServicesProvided |
| Total Expenditures | 358660 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 3 | TotalNumberOfEmployees |
| Total Amount Spent | 358660 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (2 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| Financial Aid | europe | 9 | 138720 | Internal transfer to apply financial aid to student's accounts receivable |
| Financial Aid | East Asia and the Pacific | 2 | 22490 | internal transfer to apply financial aid to student's accounts receivable |
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 TO STUDENTS | TypeOfGrant |
| Number Of Recipients | 524 | NumberOfRecipients |
| Amount Of Cash Grant | 7096640 | AmountOfCashGrant |
| Method Of Valuation | FMV | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
| Other Information: | Part IV: | 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). |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John E Klein | |||||||||||||
| 300000 | 0 | 0 | 0 | 6938 | 0 | 0 | 0 | 31601 | 0 | 338539 | 0 | 370091 | 0 |
| chrISTOPHER L BURNLEY | |||||||||||||
| 128026 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30825 | 0 | 158851 | 0 | 151462 | 0 |
| DENNIS STEVENS | |||||||||||||
| 130776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30543 | 0 | 161319 | 0 | 0 | 0 |
| KATHLEEN BOWMAN | |||||||||||||
| 119994 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8362 | 0 | 128356 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4a | ReturnReference |
| Explanation | KATHLEEN BOWMAN RECEIVED DEFERRED COMPENSATION OF $119,994 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | CUSIP NumberCUSIPNumber |
|---|---|---|---|---|---|---|
| IDA THE CITY OF LYNCHBURG SERIES 2010 | ||||||
| 541225193 | 2010-01-28 | 7542691 | REFUNDED PRIOR BOND ISSUANCE | 0 | 0 | |
| EDA OF AMHERST COUNTY SERIES 2010 | ||||||
| 830477842 | 2010-01-28 | 5681360 | refinance anticipation note | 0 | 0 | |
| IDA THE CITY OF LYNCHBURG SERIES 2003 | ||||||
| 541225193 | 2003-06-05 | 16470000 | refunded PRIOR BOND ISSUANCE | 0 | 0 | 55123pat7 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|
| 7542691 | 92691 | 2010 | 1 | 0 | 1 | 1 |
| 5681360 | 81360 | 2010 | 1 | 0 | 1 | 1 |
| 16470000 | 2003 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 1 | 1 | 0 | 0 | 0 | 1 |
| 1 | 1 | 0 | 0 | 0 | 1 |
| 1 | 0 | 0 | 0 | 0 | 1 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARC A SCHEWEL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | FORMER TRUSTEE | Relationship |
| Amount Of Transaction | 5598534 | AmountOfTransaction |
| Description Of Transaction | INVESTMENTS: FORMER TRUSTEE ALSO SERVES AS A LOCAL BOARD MEMBER OF SUNTRUST BANK WITH WHICH THE COLLEGE HAD INVESTMENTS AS OF JUNE 30, 2010. HOWEVER, THIS MEMBER IS NOT IN A POSITION TO EXERCISE INPUT, AUTHORITY, OR CONTROL OVER THESE ASPECTS OF SUNTRUST BANK'S RELATIONSHIP WITH THE COLLEGE. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 9500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinion of experts | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 280854 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost or selling price | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | horses | Description |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 120000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | opinion of experts | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 3 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | AS OF JUNE 30, 2010, THE COLLEGE HAS THREE PAINTINGS HELD FOR SALE UNDER AN 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | THE FORM 990 WAS REVIEWED BY THE DIRECTOR OF FINANCE, CONTROLLER, 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 MAY 2011 BOARD MEETING. | |
| Form 990, Part VI, Section B, line 12c | BOARD MEMBERS AND OFFICERS 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 QUESTION. IN ADDITION, ALL SENIOR STAFF MEMBERS, THE DIRECTOR OF FINANCE, AND THE CONTROLLER ARE REQUIRED TO REVIEW, COMPLETE, AND SIGN CONFLICT OF INTEREST FORMS ANNUALLY. THE SECRETARY OF THE BOARD ALSO MAINTAINS THESE DOCUMENTS. | |
| 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 PRESIDENT OF THE BOARD APPOINTED AN AD HOC COMPENSATION COMMITTEE, COMPRISING FOUR BOARD MEMBERS, INCLUDING THE PRESIDENT OF THE BOARD. THIS COMMITTEE RECOMMENDS ANY COMPENSATION ADJUSTMENTS 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. | |
| 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 THE COLLEGE MOTTO, VITA ABUNDANTIOR, INTEGRATED LIVING AND LEARNING PROVIDE A FOUDATION FOR MEANINGFUL LIVES CHARACTERIZED BY A LIFELONG JOY IN LEARNING. 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 INDEPENDANTLY 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. | DESCRIPTION OF ORGANIZATION MISSION: |
| 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. | CONTRIBUTIONS |
| FORM 990, PART VIII, LINES 7A TO 7D | DETAIL AVAILABLE UPON REQUEST. | GAIN ON SALE OF SECURITIES |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INVESTMENT PROPERTIES OF LYNCHBURG LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 RIVERMONT AVENUE | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 24503 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541900543 | EIN |
| Primary Activities | commercial real estate | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Total Income | 21600 | TotalIncome |
| EOY Assets | 582519 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | alumnae association of randolph-macon woman's college | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 rivermont avenue | AddressLine1 |
| City | lynchburg | City |
| State | VA | State |
| ZIP Code | 24503 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540350944 | EIN |
| Primary Activities | alumnae connections | PrimaryActivities |
| Legal Domicile State | VA | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 11a-Type 1 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| 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 |
| 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 | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Alumnae association of randolph-macon woman's college | |
| M | 47142 |
| Alumnae association of randolph-macon woman's college | |
| N | 147204 |
| alumnae association of randolph-macon woman's college | |
| O | 336677 |
| alumnae association of randolph-macon woman's college | |
| P | 5158 |
| alumnae association of randolph-macon woman's college | |
| R | 31025 |