Totals
- Total revenue
- $43,551,790
- Total expenses
- $42,249,691
- Contributions and grants received
- $18,343,805
- Grants paid
- $7,473,637
- Program service revenue
- $18,465,387
- Investment income
- $5,129,623
- Other revenue
- $1,612,975
- Total assets, end of year
- $151,152,959
- Total liabilities, end of year
- $10,380,474
- Net assets or fund balances, end of year
- $140,772,485
- Program services expenses (Part IX)
- $31,026,874
- Management and general expenses
- $8,040,896
- Fundraising expenses
- $3,181,921
- Program service expenses (Part III)
- $31,026,874
Program services were 73.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$140,758
-
1f · All other contributions, gifts and grants
$18,203,047
-
1g · Noncash contributions included above
$2,451,974
-
2a · Program service revenue: TUITION AND FEES
total $11,774,900 · related or exempt $11,774,900
-
2b · Program service revenue: STUDENT SERVICES
total $6,661,897 · related or exempt $6,661,897
-
2c · Program service revenue: SALES & SERVICES
total $28,590 · related or exempt $28,590
-
3 · Investment income
total $1,302,323 · excluded $1,302,323
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $531,122
-
6b · Less rental expenses
real property $112,790
-
6c · Rental income or loss
real property $418,332 · personal property $0
-
6d · Net rental income or loss
total $418,332 · excluded $418,332
-
7a · Gross sales of assets other than inventory
securities $16,415,681 · other assets $1,256,970
-
7b · Less cost or other basis and sales expenses
securities $13,845,351
-
7c · Gain or loss
securities $2,570,330 · other assets $1,256,970
-
7d · Net gain or loss
total $3,827,300 · excluded $3,827,300
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ELSTON INN
total $473,673 · unrelated business $473,673
-
11b · Other revenue: ADDITIONAL AUXILIARY
total $286,904 · related or exempt $204,890 · unrelated business $82,014
-
11c · Other revenue: CELL TOWER
total $56,479 · unrelated business $56,479
-
11d · All other revenue
total $377,587 · related or exempt $377,587
-
11e · Other revenue, total
$1,194,643
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $6,230,567 · program services $6,230,567
-
3 · Grants to foreign organizations and individuals
total $1,243,070 · program services $1,243,070
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,050,046 · program services $219,176 · management and general $581,609 · fundraising $249,261
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $12,575,573 · program services $9,256,706 · management and general $2,323,207 · fundraising $995,660
-
8 · Pension plan contributions
total $607,198 · program services $401,238 · management and general $144,172 · fundraising $61,788
-
9 · Other employee benefits
total $1,804,629 · program services $1,192,499 · management and general $428,491 · fundraising $183,639
-
10 · Payroll taxes
total $949,634 · program services $627,524 · management and general $225,477 · fundraising $96,633
-
11a · Fees: management
total $309,482 · program services $167,120 · management and general $99,653 · fundraising $42,709
-
11b · Fees: legal
total $219,814 · management and general $219,814
-
11c · Fees: accounting
total $107,988 · management and general $107,988
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $60,000 · fundraising $60,000
-
11f · Fees: investment management
total $13,700 · management and general $13,700
-
11g · Fees: other
total $3,348,288 · program services $2,617,275 · management and general $511,709 · fundraising $219,304
-
12 · Advertising and promotion
total $341,811 · program services $102,792 · management and general $167,313 · fundraising $71,706
-
13 · Office expenses
total $440,486 · program services $209,242 · management and general $161,871 · fundraising $69,373
-
14 · Information technology
total $732,956 · program services $395,796 · management and general $236,012 · fundraising $101,148
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,506,281 · program services $1,679,089 · management and general $1,279,034 · fundraising $548,158
-
17 · Travel
total $1,041,109 · program services $833,696 · management and general $145,189 · fundraising $62,224
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $414,913 · management and general $414,913
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,031,118 · program services $2,789,506 · management and general $169,128 · fundraising $72,484
-
23 · Insurance
total $0
-
24a · Other expenses: NON-CAPITAL EQUIPMENT/REPAIRS
total $1,562,800 · program services $911,341 · management and general $456,021 · fundraising $195,438
-
24b · Other expenses: COST OF GOODS SOLD
total $870,005 · program services $870,005
-
24c · Other expenses: SUPPLIES & PRINT
total $783,412 · program services $614,150 · management and general $118,483 · fundraising $50,779
-
24d · Other expenses: LIBRARY
total $156,442 · program services $156,442
-
24e · All other expenses
total $848,369 · program services $509,640 · management and general $237,112 · fundraising $101,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $9,792,140 · end of year $11,111,534
-
3 · Pledges and grants receivable
beginning of year $6,575,352 · end of year $8,133,489
-
4 · Accounts receivable
beginning of year $140,835 · end of year $165,887
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $938,237 · end of year $327,688
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$123,568,087
-
10b · Land, buildings and equipment: accumulated depreciation
$62,781,269
-
10c · Land, buildings and equipment, net
beginning of year $60,078,562 · end of year $60,786,818
-
11 · Investments: publicly traded securities
beginning of year $51,133,183 · end of year $49,684,300
-
12 · Investments: other securities
beginning of year $7,259,475 · end of year $9,222,797
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $10,732,824 · end of year $11,720,446
-
17 · Accounts payable and accrued expenses
beginning of year $1,844,594 · end of year $1,621,327
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $94,636
-
20 · Tax-exempt bond liabilities
beginning of year $9,430,125 · end of year $8,445,982
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $357,253 · end of year $218,529
-
27 · Net assets without donor restrictions
beginning of year $35,902,142 · end of year $37,499,437
-
28 · Net assets with donor restrictions
beginning of year $99,116,494 · end of year $103,273,048
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
INSTRUCTION: TO PROVIDE A LIBERAL ARTS EDUCATION FOR ALL STUDENTS. BENEFITS APPROXIMATELY 464 STUDENTS.
Expenses $17,057,313 · Revenue $3,564,152
-
AUXILIARY ENTERPRISES: TO PROVIDE STUDENTS WITH HOUSING, FOOD SERVICES, RECREATION AND INSTRUCTIONAL MATERIALS. BENEFITS APPROXIMATELY 464 STUDENTS.
Expenses $6,495,924 · Revenue $8,010,075
-
SCHOLARSHIPS: TO PROVIDE SCHOLARSHIPS TO STUDENTS WITH BOTH FINANCIAL NEED AS WELL AS ACADEMIC EXCELLENCE. BENEFITS APPROXIMATELY 464 STUDENTS.
Expenses $7,473,637 · Grants $7,473,637 · Revenue $7,473,637
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Meredith WooDR MEREDITH WOO
PRESIDENT
- Total calculated
- $413,396
- From this org
- $408,467
- From related orgs
- $0
- Other
- $4,929
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $408,467
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,929
- Filer's total
- $413,396
-
Mary Pope HutsonMARY POPE HUTSON
INTERIM PRESIDENT
- Total calculated
- $328,779
- From this org
- $308,180
- From related orgs
- $0
- Other
- $20,599
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,180
- Bonus
- $0
- Other
- $0
- Deferred
- $12,383
- Nontaxable benefits
- $8,216
- Filer's total
- $328,779
-
Luther GriffithLUTHER GRIFFITH
VP FINANCE, OPERATIONS & AUX
- Total calculated
- $231,631
- From this org
- $222,785
- From related orgs
- $0
- Other
- $8,846
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,285
- Bonus
- $0
- Other
- $2,500
- Deferred
- $8,846
- Nontaxable benefits
- $0
- Filer's total
- $231,631
-
Teresa GarrettTERESA GARRETT
VP ACADEMIC AFFAIRS & DEAN
- Total calculated
- $191,053
- From this org
- $170,241
- From related orgs
- $0
- Other
- $20,812
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,241
- Bonus
- $0
- Other
- $30,000
- Deferred
- $7,008
- Nontaxable benefits
- $13,804
- Filer's total
- $191,053
-
Jennifer SauerJENNIFER SAUER
AVP OF FINANCE
- Total calculated
- $161,881
- From this org
- $147,665
- From related orgs
- $0
- Other
- $14,216
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,665
- Bonus
- $0
- Other
- $10,000
- Deferred
- $6,000
- Nontaxable benefits
- $8,216
- Filer's total
- $161,881
-
Kathy BradleyKATHY BRADLEY
DIRECTOR OF HR
- Total calculated
- $138,635
- From this org
- $133,235
- From related orgs
- $0
- Other
- $5,400
- Hours/week
- 40
-
John BrownJOHN BROWN
ENGLISH&CREATIVE WRITING PROF.
- Total calculated
- $136,513
- From this org
- $101,710
- From related orgs
- $0
- Other
- $34,803
- Hours/week
- 40
-
Jason VittoneJASON VITTONE
ATHELTIC DIRECTOR
- Total calculated
- $135,452
- From this org
- $117,010
- From related orgs
- $0
- Other
- $18,442
- Hours/week
- 40
-
Jonathan BenderJONATHAN BENDER
DIR OF ENGINEERING & PROFESSOR
- Total calculated
- $135,319
- From this org
- $112,464
- From related orgs
- $0
- Other
- $22,855
- Hours/week
- 40
-
Elizabeth AycockELIZABETH AYCOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Verda ColvinVERDA COLVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Laura EvansLAURA EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Marianne FahsMARIANNE FAHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Kelley FitzpatrickKELLEY FITZPATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Sally FreemanSALLY FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Robert GoodlatteROBERT GOODLATTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Lendon GrayLENDON GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Fred GriffinFRED GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Katie HearnKATIE HEARN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Martha HollandMARTHA HOLLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Keenan KelseyKEENAN KELSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Michelle O'NeillMICHELLE O'NEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
J Chapman PetersonJ CHAPMAN PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Holly PhilbinHOLLY PHILBIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Mason RummelMASON RUMMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Norma ValentineNORMA VALENTINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Claude WassersteinCLAUDE WASSERSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART 1, LINE 1A:
- RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT, SVP OF ALUMNAE RELATIONS & DEVELOPMENT, AND VP FOR ACADEMIC AFFAIRS/DEAN OF THE COLLEGE ARE REQUIRED TO LIVE IN THE SCHOOL'S HOUSES LOCATED ON THE CAMPUS. THESE RESIDENCES ARE PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICES EFFICIENTLY DISCHARGED. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SWEET BRIAR FARM LLC
GREENHOUSE · VA · income $82,013 · assets $2,399,067
Directly controlled by SWEET BRIAR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541079349300139
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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