Totals
- Total revenue
- $25,908,052
- Total expenses
- $27,140,729
- Contributions and grants received
- $3,051,388
- Grants paid
- $6,634,253
- Program service revenue
- $22,598,779
- Investment income
- $268,551
- Other revenue
- -$10,666
- Total assets, end of year
- $32,971,618
- Total liabilities, end of year
- $15,826,209
- Net assets or fund balances, end of year
- $17,145,409
- Program services expenses (Part IX)
- $19,822,720
- Management and general expenses
- $6,914,169
- Fundraising expenses
- $403,840
- Program service expenses (Part III)
- $19,822,720
Program services were 73.0% 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.
-
1c · Fundraising events
$12,905
-
1e · Government grants (contributions)
$653,536
-
1f · All other contributions, gifts and grants
$2,384,947
-
1g · Noncash contributions included above
$49,039
-
2a · Program service revenue: TUITION AND FEES
total $19,555,724 · related or exempt $19,555,724
-
2b · Program service revenue: HOUSING AND BOARD SERVICES
total $2,789,265 · related or exempt $2,789,265
-
2c · Program service revenue: SPECIAL EVENTS
total $196,238 · related or exempt $196,238
-
2d · Program service revenue: OTHER
total $53,976 · related or exempt $53,976
-
2e · Program service revenue: CAMPUS STORE/TEXTBOOK SALE
total $3,576 · related or exempt $3,576
-
3 · Investment income
total $168,713 · unrelated business -$2,280 · excluded $170,993
-
7a · Gross sales of assets other than inventory
securities $99,838
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $99,838
-
7d · Net gain or loss
total $99,838 · excluded $99,838
-
8a · Fundraising events: gross income
$250
-
8a · Fundraising events: contributions included on line 1c
$12,905
-
8b · Fundraising events: direct expenses
$4,126
-
8c · Net income from fundraising events
total -$3,876 · excluded -$3,876
-
11d · All other revenue
total -$6,790 · related or exempt -$6,790
-
11e · Other revenue, total
-$6,790
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,634,253 · program services $6,634,253
-
5 · Compensation of officers, directors and key employees
total $614,544 · program services $419,772 · management and general $176,421 · fundraising $18,351
-
7 · Other salaries and wages
total $7,609,275 · program services $5,197,616 · management and general $2,184,440 · fundraising $227,219
-
9 · Other employee benefits
total $1,760,841 · program services $1,113,625 · management and general $592,715 · fundraising $54,501
-
11f · Fees: investment management
total $19,588 · management and general $19,588
-
11g · Fees: other
total $1,386,158 · program services $1,302,788 · management and general $83,370
-
12 · Advertising and promotion
total $193,370 · program services $120,428 · management and general $51,524 · fundraising $21,418
-
13 · Office expenses
total $1,201,855 · program services $53,354 · management and general $1,144,561 · fundraising $3,940
-
14 · Information technology
total $390,790 · program services $305,194 · management and general $85,596
-
16 · Occupancy
total $924,089 · program services $665,096 · management and general $253,406 · fundraising $5,587
-
17 · Travel
total $482,797 · program services $48,189 · management and general $418,008 · fundraising $16,600
-
20 · Interest
total $520,676 · program services $520,676
-
22 · Depreciation, depletion and amortization
total $1,327,986 · program services $398,396 · management and general $929,590
-
23 · Insurance
total $535,359 · program services $122,984 · management and general $412,375
-
24a · Other expenses: OTHER
total $2,529,255 · program services $1,919,994 · management and general $555,029 · fundraising $54,232
-
24b · Other expenses: STUDENT MEAL PLAN
total $989,137 · program services $989,137
-
24c · Other expenses: POSTAGE
total $20,756 · program services $11,218 · management and general $7,546 · fundraising $1,992
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,388 · end of year $8,156
-
2 · Savings and temporary cash investments
beginning of year $274,140 · end of year $636,567
-
3 · Pledges and grants receivable
beginning of year $4,035,929 · end of year $4,029,841
-
4 · Accounts receivable
beginning of year $2,322,649 · end of year $659,713
-
8 · Inventories for sale or use
beginning of year $12,068 · end of year $4,331
-
9 · Prepaid expenses and deferred charges
beginning of year $237,428 · end of year $513,821
-
10a · Land, buildings and equipment: cost or other basis
$39,350,978
-
10b · Land, buildings and equipment: accumulated depreciation
$20,883,941
-
10c · Land, buildings and equipment, net
beginning of year $19,574,302 · end of year $18,467,037
-
11 · Investments: publicly traded securities
beginning of year $6,707,650 · end of year $7,300,199
-
15 · Other assets
beginning of year $285,717 · end of year $1,351,953
-
17 · Accounts payable and accrued expenses
beginning of year $1,285,336 · end of year $1,709,660
-
19 · Deferred revenue
beginning of year $47,840 · end of year $655,003
-
23 · Secured mortgages and notes payable
beginning of year $12,714,466 · end of year $11,401,914
-
24 · Unsecured notes and loans payable
beginning of year $500,000
-
25 · Other liabilities
beginning of year $995,946 · end of year $2,059,632
-
27 · Net assets without donor restrictions
beginning of year $4,986,074 · end of year $3,750,188
-
28 · Net assets with donor restrictions
beginning of year $12,928,609 · end of year $13,395,221
Mission and programs · 2022
Mission
TO OFFER A CHALLENGING CHRIST-CENTERED LIBERAL ARTS EXPERIENCE AND CO-CURRICULAR PROGRAMS THAT TRANSFORM STUDENTS' LIVES BY INTEGRATING LIBERAL ARTS WITH CAREER-ORIENTED STUDIES AND SERVICE TO GOD & THE WORLD.
Activities or mission (Part I)
TO PROVIDE STUDENT INSTRUCTION, SCHOLARSHIPS, ACADEMIC SUPPORT, AND OTHER SERVICES TO ITS STUDENTS.
-
STUDENT INSTRUCTION AND SCHOLARSHIPS: GROUNDED IN THE LIBERAL ARTS TRADITION, BLUEFIELD UNIVERSITY IS AT THE FOREFRONT IN UNDERSTANDING THE VALUE OF SCIENCE AND TECHNOLOGY IN THE 21ST CENTURY. WITH MORE THAN 40 ACADEMIC PROGRAMS, WHICH INCLUDES FIVE MASTER'S DEGREES AND ASSOCIATES IN GENERAL STUDIES. STUDENTS SERVED INCLUDE TRADITIONAL STUDENTS WHO ANTICIPATE NEEDING THREE TO FIVE YEARS TO COMPLETE THEIR DEGREE, THE DEGREE COMPLETION STUDENT WHO NEEDS FEWER HOURS TO COMPLETE AN UNDERGRADUATE DEGREE AND DESIRES TO COMPLETE ONLINE AND THE INDIVIDUAL THAT IS SEEKING A MASTER'S DEGREE. THE UNIVERSITY DELIVERS COURSES ON-SITE/IN-PERSON AND ON-LINE. ACADEMIC SUPPORT IS PROVIDED THROUGH AN ACADEMIC CENTER FOR EXCELLENCE, A LIBRARY, AND ACADEMIC TECHNOLOGY SUPPORT.
Expenses $11,348,127 · Grants $6,634,253 · Revenue $19,548,684
-
STUDENT SERVICES: THE UNIVERSITY'S STUDENT SERVICES AREAS INCLUDE THE REGISTRAR, ENROLLMENT MANAGEMENT, CREATIVE MEDIA, FINANCIAL AID, GENERAL STUDENT SUPPORT SERVICES, CAMPUS SECURITY, INTER-COLLEGIATE AND INTRAMURAL ATHLETICS, STUDENT EXTRACURRICULAR ACTIVITIES, CAMPUS MINISTRY, AND RETENTION/STUDENT SUCCESS SERVICES.
Expenses $5,219,382
-
AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, FOOD SERVICE, THE CAMPUS STORE, AND SPECIAL PROGRAMS (E.G., SUMMER EVENTS).
Expenses $3,255,211 · Revenue $3,043,305
As filed on the 2022 return.
Listed in Part VII
-
C TODD ASBURY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
JACKSON E REASOR JR
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
CRAIG F STOUT
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHN P BECKETT JR
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
STEVE BICKFORD
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
JEFF BLOOMER
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
BRANDON CALDWELL
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
TERRI N COLE
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
RODNEY J HALE
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
RON HALL
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
ROBERT BOB HOUCK
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
JULIE H JOHNSON
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
ELIZABETH KEENE
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
DAVID KIRK
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
DAVID T LARIMER II
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
CHRIS LAWSON
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
RON MALLORY
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
PHYLLIS MARCOM
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
SARAH REID
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHN ROCOVICH JR
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
THOMAS R SCOTT JR
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
DIXIE TOOKE-RAWLINS
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
JERRY L TURLEY
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
MICHAEL A WADE
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
WILLIAM S WINFREY II
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
LAMONT WOODS
BOARD TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
DAVID OLIVE
PRESIDENT
- Total calculated
- $218,217
- From this org
- $198,052
- From related orgs
- $0
- Other
- $20,165
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $198,052
- Bonus
- $0
- Other
- $0
- Deferred
- $3,500
- Nontaxable benefits
- $16,665
- Filer's total
- $218,217
-
MARY RUTH BLANKENSHIP
VP FOR FINANCE AND ADMINISTRATION
- Total calculated
- $131,757
- From this org
- $129,348
- From related orgs
- $0
- Other
- $2,409
- Hours/week
- 50
-
JOSHUA CLINE
VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT
- Total calculated
- $102,973
- From this org
- $95,422
- From related orgs
- $0
- Other
- $7,551
- Hours/week
- 50
-
PAUL LAMBERT
CHIEF INFORMATION OFFICER/ASSOCIATE VP FOR FINANCE
- Total calculated
- $94,642
- From this org
- $88,534
- From related orgs
- $0
- Other
- $6,108
- Hours/week
- 50
-
KARL HATTON
VP FOR ENROLLMENT MANAGEMENT
- Total calculated
- $55,815
- From this org
- $55,576
- From related orgs
- $0
- Other
- $239
- Hours/week
- 50
-
MICHAEL SALMEIER
VICE PRESIDENT FOR INTERCOLLEGIATE ATHLETICX
- Total calculated
- $54,594
- From this org
- $47,612
- From related orgs
- $0
- Other
- $6,982
- Hours/week
- 50
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
- 1a · Health or social club dues or initiation fees
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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)
- PART I, LINE 1B
- PART I, LINE 1B ALTHOUGH A WRITTEN POLICY DOES NOT EXIST, THE UNIVERSITY'S BOARD APPROVES THE HOUSING ALLOWANCE AND SOCIAL CLUB PAYMENTS. SOCIAL CLUB PAYMENTS ARE SUPPORTED BY INVOICES AND ARE PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTS PAYABLE PROCESS. THE HOUSING ALLOWANCE IS ALSO SUPPORTED BY WRITTEN DOCUMENTATION.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349303496
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