2026-05-14T09:06:29-05:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DRIVE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2024-07-01 540506306 BRIDGEWATER COLLEGE BRID 5408285487 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 PENNY REARDON VP FOR FINANCE AND TREASURER 5408285487 2026-05-11 1 1 MARK WOOLWINE P00647446 5404433606 2026-05-11 2024 2025-03-06 01:10:19Z DAVID BUSHMAN 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 56793221 0 X WWW.BRIDGEWATER.EDU X 1880 VA BRIDGEWATER COLLEGE IS A PRIVATE, COEDUCATIONAL, RESIDENTIAL, LIBERAL ARTS COLLEGE OF APPROXIMATELY 1,400 STUDENTS 26 25 853 41 -351750 44429 9067815 4521780 73966698 40038985 5653968 6888336 940766 723265 89629247 52172366 42515415 7779757 0 0 25757624 24028856 0 0 1404723 29325598 28280929 97598637 60089542 -7969390 -7917176 211735125 211825436 62631711 64371339 149103414 147454097 X BRIDGEWATER COLLEGE EDUCATES THE WHOLE PERSON BY PROVIDING A CHALLENGING AND SUPPORTIVE LEARNING COMMUNITY THAT FOSTERS THE GROWTH OF ITS STUDENTS AND EMPOWERS AND MOTIVATES THEM TO LIVE EDUCATED, INTELLIGENT, HEALTHY, PURPOSEFUL AND ETHICAL LIVES IN A GLOBAL SOCIETY. THE COLLEGE EMBRACES THE CORE VALUES OF INTEGRITY, EQUALITY, SERVICE AND COMMUNITY, WHICH HAVE BEEN INSPIRED BY ITS HISTORY WITH THE CHURCH OF THE BRETHREN. THE COLLEGE IS A WELCOMING, DIVERSE AND VIBRANT COMMUNITY, COMMITTED TO UNDERSTANDING AND RESPECTING INDIVIDUAL DIFFERENCES AND ACTIVELY ENGAGING ALL OF ITS MEMBERS. 0 0 24868746 7779757 24839227 LOCATED ONLY TWO HOURS SOUTHWEST OF THE WASHINGTON, D.C., METRO AREA, BRIDGEWATER COLLEGE HAS A TOTAL ENROLLMENT OF APPROXIMATELY 1,400 STUDENTS AND OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN MORE THAN 60 MAJORS AND MINORS, ALONG WITH PRE-PROFESSIONAL PROGRAMS SUCH AS MEDICINE AND LAW AND TEACHER LICENSURE. THE COLLEGE ALSO OFFERS MASTERS DEGREE PROGRAMS IN ATHLETIC TRAINING, DIGITAL MEDIA STRATEGY, HUMAN RESOURCE MANAGEMENT AND NON-PROFIT MANAGEMENT. GROUNDED IN LIBERAL ARTS, STUDENTS AT BRIDGEWATER COLLEGE LEARN ABOUT A VARIETY OF DISCIPLINES, ENABLING THEM TO BECOME ARTICULATE, ANALYTICAL AND ASSERTIVE. THEY ARE CHALLENGED BY RIGOROUS ACADEMICS IN A CLOSE-KNIT COMMUNITY AND COLLABORATE WITH FACULTY TO CREATE PERSONALIZED AND UNIQUE LEARNING EXPERIENCES. 9560499 16747311 THE RESIDENTIAL CAMPUS IS LOCATED IN THE BEAUTIFUL SHENANDOAH VALLEY OF VIRGINIA. ON-CAMPUS HOUSING FEATURES SEVEN DORMITORIES, SHARED HOUSES KNOWN AS THE COTTAGES, APARTMENT-STYLE LIVING IN THE WAMPLER TOWERS, AND THE STONE VILLAGE HOUSING COMMUNITY. DINING OPTIONS INCLUDE THE MAIN DINING HALL IN THE KLINE CAMPUS CENTER AND SMITTY'S CAF IN THE FORRER LEARNING COMMONS. 12282609 550 WITH MORE THAN 60 SOCIAL, CULTURAL, RELIGIOUS, AND ACADEMIC CLUBS AND ORGANIZATIONS, THERE'S ALWAYS SOMETHING HAPPENING ON CAMPUS. NEARLY A THIRD OF THE STUDENT BODY PARTICIPATES IN ONE OF THE 23 INTERCOLLEGIATE SPORTS BRIDGEWATER OFFERS AT THE NCAA DIVISION III LEVEL. BRIDGEWATER STUDENTS BENEFIT FROM FITNESS OPPORTUNITIES THROUGH THE FUNKHOUSER CENTER FOR HEALTH AND WELLNESS; AN ARRAY OF INTRAMURAL SPORTS AND AN OUTDOOR PROGRAM; MUSICAL ENSEMBLES SUCH AS THE CONCERT CHOIR, CHORALE, SYMPHONIC BAND AND JAZZ ENSEMBLE; AND A RENOWNED ENDOWED LECTURE, LYCEUM AND CONVOCATION SERIES, WHICH BRINGS SPEAKERS AND ARTISTS FROM ACROSS THE COUNTRY TO THE COLLEGE. 6122574 51860 ACADEMIC SUPPORT AREAS AT BRIDGEWATER COLLEGE INCLUDE THE ACADEMIC ADVISING CENTER, THE FORROR LEARNING COMMONS, THE WRITING CENTER, THE INFORMATION TECHNOLOGY CENTER, THE OFFICE OF CAREER SERVICES AND THE ACADEMIC SUPPORT CENTER. REVENUES OF $2,448 ARE FOR BOOK COMMISIONS WITH THE ONLINE BOOK STORE, WHOSE OPERATIONS ARE OTHERWISE DIVORCED FROM BRIDGEWATER COLLEGE'S FINANCIAL STATEMENTS. 6122574 51860 52834428 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 2023 0 1 853 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH OR X THE ORGANIZATION 5408285487 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 D CORY ADAMSON TRUSTEE 0.50 X 0 0 0 ANDREW B AGEE TRUSTEE 0.50 X 0 0 0 D BRUCE CHRISTIAN CHAIR 0.50 X X 0 0 0 JAMES D DELUCAS JR TRUSTEE 0.50 X 0 0 0 ANDREW GROSSNICKLE TRUSTEE 0.50 X 0 0 0 BRADLEY S HALLOCK TRUSTEE 0.50 X 0 0 0 JENNIFER L HEDRICK TRUSTEE 0.50 X 0 0 0 HOPE H HICKMAN TRUSTEE 0.50 X 0 0 0 LAWRENCE M JOHNSON TRUSTEE 0.50 X 0 0 0 MICHAEL K KYLES TRUSTEE 0.50 X 0 0 0 J ALLEN LAYMAN TRUSTEE 0.50 X 0 0 0 CHERYL M MASCARENHAS VICE CHAIR 0.50 X X 0 0 0 NATHAN H MILLER TRUSTEE 0.50 X 0 0 0 PAUL E MUNDEY TRUSTEE 0.50 X 0 0 0 WILFRED E NOLEN TRUSTEE 0.50 X 0 0 0 JUSTIN E PRUETT TRUSTEE 0.50 X 0 0 0 DENISE E SAUNDERS TRUSTEE 0.50 X 0 0 0 MARK A SHERMAN SECRETARY 0.50 X X 0 0 0 ASHLEY B SMITH TRUSTEE 0.50 X 0 0 0 ROBERT I STOLZMAN TRUSTEE 0.50 X 0 0 0 DONNA P WALKER TRUSTEE 0.50 X 0 0 0 G BENJAMIN WAMPLER TRUSTEE 0.50 X 0 0 0 DEWEY M WILLIARD TRUSTEE 0.50 X 0 0 0 KATHY G WRIGHT TRUSTEE 0.50 X 0 0 0 DAVID A YOUNG TRUSTEE 0.50 X 0 0 0 DAVID W BUSHMAN PRESIDENT 40.00 X X 370153 0 15763 MICHAEL GROENER FORMER VP FOR FINANCE AND TREASURER 40.00 X 95250 0 2489 LEONA SEVICK PROVOST & EXECUTIVE VICE P 40.00 X 227632 0 8454 MICHAEL POST VICE PRESIDENT FOR ENROLLM 40.00 X 207922 0 20420 LESLIE FRERE VP FOR STUDENT LIFE/DEAN O 40.00 X 150336 0 6367 MARGARET RINER ONCKEN VP FOR INSTITUTIONAL ADVAN 40.00 X 179618 0 14442 KRISTY RHEA VP FOR IT AND CHIEF INFORMATION OFFICER 40.00 X 137787 0 5755 AMBER PARKHURST VP FOR MARKETING AND COMMU 40.00 X 130888 0 4649 CAROL SCHEPPARD PROFESSOR OF THE COLLEGE 40.00 X 126013 0 9243 CURTIS KENDALL DIRECTOR OF ATHLETICS 40.00 X 118210 0 13140 CHRISTOPHER MEACHAM EXECUTIVE DIRECTOR OF FACILITIES 40.00 X 122504 0 12406 1866313 0 113128 23 0 1 0 PARKHURST DINING SERVICES 285 EAST WATERFRONT DR HOMESTEAD PA 12120 DINING SERVICES AND CATERING 3641370 LANTZ CONSTRUCTION 539 S MAIN ST BROADWAY VA 22815 CONSTRUCTION SERVICES 3034177 UG2 LLC PO BOX 5972 SPRINGFIELD MA 011015972 JANITORIAL SERVICE CONTRACTOR 1432205 TWO OCEAN EDUCATION PARTNERS 1407 SUMMIT AVE RICHMOND VA 23230 ADMISSIONS CONSULTANT 400221 SILVERCREST ASSET MGMT GROUP 1330 AVE OF THE AMERICAS NEW YORK NY 10019 INVESTMENT MANAGEMENT CONSULTANT 270926 10 183388 4338392 1054361 4521780 TUITION 611310 23239214 23239214 RESIDENCE HALLS AND FACILITIES 721310 8894229 8894229 DINING SERVICES AND CONFERENCES 722514 7853682 7853682 OTHER PROGRAM SERVICE REVENUE 611310 49412 49412 COLLEGE STORE 445100 2448 2448 40038985 2854655 -397739 3252394 74779 28980 32314 0 42465 28980 71445 28980 42465 5767815 2854407 2699286 1889255 3068529 965152 4033681 965152 3068529 STUDENT ACTIVITIES AND FEES 611310 409143 409143 OTHER 611310 218433 201424 17009 COPY SERVICES 611310 23948 23948 296 296 651820 52172366 41638948 -351750 6363388 7779757 7779757 1957557 553764 1039040 364753 17633714 14537687 2530463 565564 709490 541265 121452 46773 2453331 1645739 703582 104010 1274764 1026395 189936 58433 44974 44974 73119 73119 654839 654839 387424 164684 222740 1148839 696124 375418 77297 1602667 1593897 -22687 31457 4145322 1861676 2283646 849099 790450 52342 6307 2102864 2098114 4750 5625370 5187593 437777 611168 185563 425605 UNRELATED BUSINESS INCO 9829 9829 OTHER 5749806 4654469 945208 150129 CAFETERIA EXPENSES 3425385 3425385 GROUNDS 1850224 384678 1465546 5707188 -5707188 60089542 52834428 5850391 1404723 5740838 3768220 2500000 4969376 5994956 5597461 654177 514367 593023 388796 177115587 93486970 85405764 83628617 80054137 73763316 30026304 38295784 765926 899499 211735125 211825436 3565003 3124901 1288485 1356508 54761037 57195297 3017186 2694633 62631711 64371339 X 30347700 28578375 118755714 118875722 149103414 147454097 211735125 211825436 X -7917176 5797889 469970 X X 0 1 X 1 1 1 X 17711996 13760576 9426938 9067815 4521780 54489105 17711996 13760576 9426938 9067815 4521780 54489105 54489105 2718029 -38252 2486671 2690443 2926100 10782991 831956 589458 1173901 905159 651820 4152294 69424390 0.78490 0.79710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 1 786 0 0 0 786 0 PART II-B, LINE 1: BRIDGEWATER COLLEGE BELONGS TO THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WHICH LOBBIES ON BEHALF OF ALL ITS MEMBER SCHOOLS AND THEIR STUDENTS, ON ISSUES OF IMPORTANCE TO PRIVATE HIGHER EDUCATION. X X 0 103511033 750903 9691353 4185408 2855584 626134 106286163 102601810 1296422 8059738 3342736 4419107 685094 103511033 97906052 2988397 9519661 3342736 3719646 749918 102601810 122095181 1028923 -16975218 5059800 2356946 826088 97906052 91944523 4251863 31313874 3196225 1506848 712006 122095181 0.00800 0.61500 0.37700 1 0 130638 130638 328847 131779636 69335564 62772919 14316545 9358748 4957797 1969908 28590013 14792658 15767263 83628617 CASH AND CASH EQUIVALENTS 8623286 F ALTERNATIVE INVESTMENTS 29672498 F 38295784 TRUST AND ANNUITY OBLIGATIONS 2694633 2694633 X 49304601 5797889 -263372 5534517 43770084 654839 7747443 8402282 52172366 50953918 32314 32314 50921604 654839 8513099 9167938 60089542 PART III, LINE 4: THE R.B. PRITCHETT MUSEUM COLLECTION, FORMERLY THE R. B. PRITCHETT MUSEUM, IS HOUSED IN BRIDGEWATER COLLEGE'S SPECIAL COLLECTIONS AND CONTAINS APPROXIMATELY 7,500 HISTORICAL ARTIFACTS, ARCHIVES, AND RARE BOOKS COLLECTED OVER THE YEAR BY THE PRIMARY DONOR AND OVER 350 ADDITIONAL DONORS. THE COLLECTION SERVES AS A HANDS ON TEACHING TOOL FOR STUDENTS ENTERING THE FIELD OF PUBLIC HISTORY, ACADEMIC HISTORY, ARCHIVAL SCIENCE, LIBRARY SCIENCE, MATERIAL CULTURE STUDIES AND COMMUNICATIONS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND BELIEVES THAT THE COLLEGE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS ALSO EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE COLLEGE HAD NO UNCERTAIN INCOME TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 469,970. NON-OPERATING EXPENSE NETTED IN REVENUE -733,342. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 7,779,757. RENTAL EXPENSE -32,314. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 32,314. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 7,779,757. NON-OPERATING EXPENSE NETTED IN REVENUE 733,342. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BRIDGEWATER COLLEGE DRAWS FROM A WIDE GEOGRAPHICAL AREA NOT COVERED BY ONE NEWSPAPER OR BROADCAST MEDIA AS A SOLICITATION FOR STUDENTS. AS REQUIRED BY REVENUE PROCEDURE 75-50, BRIDGEWATER COLLEGE HAS PUBLICIZED ITS RACIALLY NON-DISCRIMINATORY POLICY BY INCLUDING A STATEMENT OF THIS FACT IN ALL PUBLICATIONS AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 BRIDGEWATER COLLEGE RECEIVED FINANCIAL AID IN THE FORM OF PELL GRANTS, SEOG AND FEDERAL DIRECT STUDENT LOANS WHICH WAS AWARDED TO OUR STUDENTS BASED ON FEDERAL GUIDELINES. 1 SCHOLARSHIPS AND DISCOUNTS 1464 7555357 SEOG 393 224400 PART I, LINE 2: THE OFFICE OF FINANCIAL AID ADMINISTERS THE FOLLOWING POLICIES TO ASSURE THAT INSTITUTIONAL GRANTS AND SCHOLARSHIPS ARE USED FOR PROPER PURPOSES: THE AGGREGATE OF INSTITUTIONAL FUNDS THAT AN INDIVIDUAL STUDENT RECEIVES IS RESTRICTED TO AN AMOUNT EQUIVALENT TO TUITION AND FEES; ENROLLMENT IS CONFIRMED EACH SEMESTER PRIOR TO DISBURSEMENT OF INSTITUTIONAL FUNDS; ELIGIBILITY FOR ACADEMIC SCHOLARSHIPS IS LIMITED TO A MAXIMUM OF EIGHT SEMESTERS. RENEWAL GRADE POINT AVERAGE REQUIREMENTS ARE CHECKED AT THE END OF EACH ACADEMIC YEAR; ELIGIBILITY FOR INSTITUTIONAL GENERAL GRANTS REQUIRES A DEMONSTRATION OF NEED, BASED ON SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); ENDOWED SCHOLARSHIPS HAVE SELECTION CRITERIA SPECIFIC TO EACH FUND AND THE DIRECTOR OF FINANCIAL AID OVERSEES THE SELECTION OF ELIGIBLE STUDENTS; WHEN A STUDENT WITHDRAWS FROM SCHOOL, THE PERCENTAGE ADJUSTMENTS MADE TO INSTITUTIONAL AID ARE THE SAME AS THE PERCENTAGE ADJUSTMENTS MADE TO TUITION AS SPECIFIED IN THE CATALOG. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DAVID W BUSHMAN PRESIDENT 351093 0 7529 0 11531 0 10350 0 5413 0 385916 0 0 0 LEONA SEVICK PROVOST & EXECUTIVE VICE P 227532 0 0 0 100 0 6944 0 1510 0 236086 0 0 0 MICHAEL POST VICE PRESIDENT FOR ENROLLM 207822 0 0 0 100 0 6491 0 13929 0 228342 0 0 0 MARGARET RINER ONCKEN VP FOR INSTITUTIONAL ADVAN 179518 0 0 0 100 0 5612 0 8830 0 194060 0 0 0 LESLIE FRERE VP FOR STUDENT LIFE/DEAN O 147336 0 0 0 3000 0 4857 0 1510 0 156703 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES COMPLETED A PERFORMANCE EVALUATION OF THE PRESIDENT AND APPROVED HIS COMPENSATION. THE COMMITTEE USED PEER SALARY DATA AND PUBLISHED SURVEYS FOR COMPARISONS. THE COMMITTEE ALSO REVIEWED THE COMPENSATION OF KEY EMPLOYEES. X 1 719760 APPRAISAL X 12 175587 AVE HIGH/LOW AT TRANSFER X LIVESTOCK 1 150000 APPRAISAL X VEHICLE 1 9013 DONOR VALUE 0 0 1 PART I, LINE 32B: BRIDGEWATER COLLEGE UTILIZES THE SERVICES OF WELLS FARGO ADVISORS TO FACILITATE THE RECEIPT AND SALE OF STOCK GIFTS AND OTHER BROKERAGE ITEMS ON THE OPEN MARKET. BRIDGEWATER COLLEGE ALSO ENGAGES BOTKIN ROSE PLC TO BE THE INTERMEDIARY PARTY TO CONDUCT BUSINESS WITH VARIOUS SETTLEMENT AGENTS TO SELL REAL ESTATE THAT THE COLLEGE HAS BEEN GIFTED OR BEQUEATHED. FORM 990, PART VI, SECTION A, LINE 2 JUDGE STEVEN AGEE AND ANDREW AGEE ARE BROTHERS. JUDGE STEVEN AGEE WAS A LIFETIME TRUSTEE IN FISCAL YEAR 2022-2023 AND ANDREW AGEE WAS THE ONLY ONE THAT RETAINED VOTING RIGHTS DURING THIS TIME. FORM 990, PART VI, SECTION B, LINE 11B SECTION B LINE 11B, THE 990 WAS MADE AVAILABLE ONLINE TO THE ENTIRE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWED THE FORM AND APPROVED IT FOR FILING SUBJECT TO THE REVIEW BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES COMPLETE THE ANNUAL DISCLOSURE STATEMENT AND ANY DISCLOSURES ARE REVIEWED ACCORDING TO POLICY. THE DIRECTOR OF HUMAN RESOURCES COLLECTS THE ANNUAL DISCLOSURE FORMS FOR EMPLOYEES AND ANY EXCEPTIONS ARE REVIEWED BY THE VICE PRESIDENT FOR FINANCE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVED THE PRESIDENT'S COMPENSATION. THE COMMITTEE USED PEER SALARY DATA FROM PUBLISHED SURVEYS FOR COMPARISON. THE COMMITTEE ALSO REVIEWED THE COMPENSATION FOR MEMBERS OF THE PRESIDENT'S CABINET. FORM 990, PART VI, SECTION C, LINE 19 BRIDGEWATER COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE COLLEGE'S CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS AVAILABLE ON THE COLLEGE'S WEBSITE IN THE EMPLOYEE HANDBOOK FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 469,970. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THIS PROCESS. BRIDGEWATER COLLEGE PROPERTIES LLC 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 540506306 REAL ESTATE VA BRIDGEWATER COLLEGE 413-415 E COLLEGE STREET LLC 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 REAL ESTATE VA BRIDGEWATER COLLEGE