Totals
- Total revenue
- $43,486,308
- Total expenses
- $48,426,770
- Contributions and grants received
- $4,785,785
- Grants paid
- $17,927,398
- Program service revenue
- $36,923,395
- Investment income
- $1,069,014
- Other revenue
- $708,114
- Total assets, end of year
- $126,357,545
- Total liabilities, end of year
- $28,152,478
- Net assets or fund balances, end of year
- $98,205,067
- Program services expenses (Part IX)
- $41,915,723
- Management and general expenses
- $5,853,526
- Fundraising expenses
- $657,521
- Program service expenses (Part III)
- $41,915,723
Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
D SCOTT SHOWALTER
CHAIR OF THE BOARD OF TRUS
- Total calculated
- $0
- Hours/week
- 4
-
W JEFFREY BOOKER
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.8
-
EVERETT FOXX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
SUZANNE M BOLTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN COUGILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JUDSON P MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ANNITA P NELSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BAXTER F PHILLIPS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
NANCY WALSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MARILYN H WEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
CLAY WILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BRUCE WHITEHURST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
GEORGE D YANCEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
DAVID ARRINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DENISE BATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFF DAVOUD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
TERESA WATSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BERNICE COBBS
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFFREY H KNOTTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
RONALD E SINGLETON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
AMANDA COX
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.8
-
F ABE DYMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
BISHOP SUE HAUPERT-JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFFREY PUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
DR DAVID JOHNS
FORMER PRESIDENT
- Total calculated
- $250,956
- From this org
- $240,221
- From related orgs
- $0
- Other
- $10,735
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $227,805
- Bonus
- $0
- Other
- $12,416
- Deferred
- $0
- Nontaxable benefits
- $10,735
- Filer's total
- $250,956
-
BARBARA HATCHER
VP FOR BUSINESS AND FINANC
- Total calculated
- $151,079
- From this org
- $143,536
- From related orgs
- $0
- Other
- $7,543
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $143,057
- Bonus
- $0
- Other
- $479
- Deferred
- $0
- Nontaxable benefits
- $7,543
- Filer's total
- $151,079
-
KEVIN REILLY
VP FOR ACADEMIC AFFAIRS
- Total calculated
- $146,475
- From this org
- $137,022
- From related orgs
- $0
- Other
- $9,453
- Hours/week
- 55
-
DR MIRTA M MARTIN
PRESIDENT AS OF 1/1/2023
- Total calculated
- $0
- Hours/week
- 55
-
WILSON PAINE
VP FOR INSTITUTIONAL ADVAN
- Total calculated
- $137,927
- From this org
- $130,404
- From related orgs
- $0
- Other
- $7,523
- Hours/week
- 55
-
KIMBERLY BROWN
DIRECTOR OF NURSING AND PROFESSOR OF NURSING
- Total calculated
- $102,180
- From this org
- $101,960
- From related orgs
- $0
- Other
- $220
- Hours/week
- 40
-
ANGIE DAHL
VP OF STUDENT DEVELOPMENT & CAMPUS LIFE
- Total calculated
- $118,421
- From this org
- $108,654
- From related orgs
- $0
- Other
- $9,767
- Hours/week
- 55
-
JASON POWELL
ASST VP OF ACADEMIC AFFAIRS
- Total calculated
- $119,023
- From this org
- $108,551
- From related orgs
- $0
- Other
- $10,472
- Hours/week
- 55
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 · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 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 · Written employment contract
- 3 · Compensation survey or study
- 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)
- PART I, LINE 1A
- TRAVEL FOR COMPANIONS - CONTRACTUALLY, THE COLLEGE WILL PAY THE TRAVEL EXPENSES OF THE PRESIDENT'S FAMILY INCURRED WHEN THEY ACCOMPANY HIM WHILE HE IS REPRESENTING THE COLLEGE OR ATTENDING PROFESSIONAL MEETINGS. THE MAXIMUM AMOUNT ALLOWABLE IS $10,000.00 PER FISCAL YEAR. THESE EXPENSES ARE CONSIDERED TAXABLE INCOME FOR THE PRESIDENT. THE AMOUNT REPORTED ON THE FORMER PRESIDENT'S W-2 FOR CALENDAR YEAR ENDING 2022 WAS $957.44. GROSS-UP PAYMENTS - THE FORMER PRESIDENT RECEIVED A STAFF DEPENDENT TUITION REDUCTION FOR HIS DEPENDENT, AND WAS CONSIDERED TAXABLE INCOME. THE AMOUNT REPORTED IN 2022 WAS $8,188. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED A HOUSE WHICH IS ALSO USED TO ENTERTAIN GUESTS AT THE COLLEGE AND TO HOLD VARIOUS COLLEGE FUNCTIONS. THE ESTIMATED AMOUNT OF PERSONAL USE WOULD BE $8,000.00. THIS IS NOT CONSIDERED TAXABLE INCOME. DR. MARTIN STARTED IN JANUARY 2023. SHE DID NOT RECEIVE ANY COMPANION PAY OR GROSS UP PAYMENTS.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · CULTURAL HISTORICAL EDUCATION AND PRESERVATION · VA
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.
-
REAL ESTATE DEVELOPMENT · VA
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INVESTMENT INCOME · REAL ESTATE DEVELOPMENT · VA · 1% owned · general or managing partner
Directly controlled by ROBERTS-BECKHAM LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RS MOORE TESTAMENTARY TRUST FBO FERRUM COLLEGE
T · SUPPORT OF CHARITABLE PURPOSE OF FERRUM COLLEGE · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349316371
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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