Totals
- Total revenue
- $81,951,230
- Total expenses
- $91,706,803
- Contributions and grants received
- $9,426,938
- Grants paid
- $38,964,738
- Program service revenue
- $69,356,008
- Investment income
- $1,922,538
- Other revenue
- $1,245,746
- Total assets, end of year
- $215,060,961
- Total liabilities, end of year
- $61,505,323
- Net assets or fund balances, end of year
- $153,555,638
- Program services expenses (Part IX)
- $83,850,346
- Management and general expenses
- $6,408,892
- Fundraising expenses
- $1,447,565
- Program service expenses (Part III)
- $83,850,346
Program services were 91.4% 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)
$448,854
-
1f · All other contributions, gifts and grants
$8,978,084
-
1g · Noncash contributions included above
$2,192,629
-
2a · Program service revenue: TUITION
total $53,905,745 · related or exempt $53,905,745
-
2b · Program service revenue: RESIDENCE HALLS AND FACILITIES
total $8,144,640 · related or exempt $8,144,640
-
2c · Program service revenue: DINING SERVICES AND CONFERENCES
total $7,245,720 · related or exempt $7,245,720
-
2d · Program service revenue: OTHER PROGRAM SERVICE REVENUE
total $53,580 · related or exempt $53,580
-
2e · Program service revenue: COLLEGE STORE
total $6,323 · related or exempt $6,323
-
3 · Investment income
total $2,395,132 · unrelated business $6,084 · excluded $2,389,048
-
6a · Gross rents
real property $67,944 · personal property $23,595
-
6b · Less rental expenses
real property $19,694 · personal property $0
-
6c · Rental income or loss
real property $48,250 · personal property $23,595
-
6d · Net rental income or loss
total $71,845 · unrelated business $23,595 · excluded $48,250
-
7a · Gross sales of assets other than inventory
securities $2,156,987 · other assets $404,434
-
7b · Less cost or other basis and sales expenses
securities $2,418,085 · other assets $615,930
-
7c · Gain or loss
securities -$261,098 · other assets -$211,496
-
7d · Net gain or loss
total -$472,594 · related or exempt -$211,496 · excluded -$261,098
-
11a · Other revenue: OTHER
total $643,534 · related or exempt $626,594 · unrelated business $16,940
-
11b · Other revenue: STUDENT ACTIVITIES AND FEES
total $491,460 · related or exempt $491,460
-
11c · Other revenue: COPY SERVICES
total $38,757 · related or exempt $38,757
-
11d · All other revenue
total $150 · unrelated business $150
-
11e · Other revenue, total
$1,173,901
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $38,964,738 · program services $38,964,738
-
5 · Compensation of officers, directors and key employees
total $1,583,426 · program services $516,205 · management and general $686,110 · fundraising $381,111
-
7 · Other salaries and wages
total $17,965,440 · program services $14,611,441 · management and general $2,785,754 · fundraising $568,245
-
8 · Pension plan contributions
total $548,551 · program services $419,639 · management and general $101,703 · fundraising $27,209
-
9 · Other employee benefits
total $2,436,570 · program services $1,306,390 · management and general $1,047,746 · fundraising $82,434
-
10 · Payroll taxes
total $1,228,890 · program services $968,400 · management and general $204,057 · fundraising $56,433
-
11b · Fees: legal
total $117,969 · program services $2,237 · management and general $115,732
-
11c · Fees: accounting
total $84,299 · management and general $84,299
-
11f · Fees: investment management
total $623,727 · management and general $623,727
-
12 · Advertising and promotion
total $396,804 · program services $161,552 · management and general $235,252
-
13 · Office expenses
total $1,459,403 · program services $816,068 · management and general $541,084 · fundraising $102,251
-
14 · Information technology
total $1,691,894 · program services $1,641,984 · management and general $13,487 · fundraising $36,423
-
16 · Occupancy
total $4,255,328 · program services $1,901,676 · management and general $2,353,652
-
17 · Travel
total $958,407 · program services $841,966 · management and general $57,231 · fundraising $59,210
-
20 · Interest
total $1,822,570 · program services $1,817,543 · management and general $5,027
-
22 · Depreciation, depletion and amortization
total $5,343,050 · program services $5,103,378 · management and general $239,672
-
23 · Insurance
total $469,732 · program services $146,163 · management and general $323,569
-
24a · Other expenses: UNRELATED BUSINESS INCO
total $7,720 · management and general $7,720
-
24b · Other expenses: OTHER
total $4,795,052 · program services $3,570,754 · management and general $1,090,049 · fundraising $134,249
-
24c · Other expenses: CAFETERIA EXPENSES
total $3,197,530 · program services $3,197,530
-
24d · Other expenses: GROUNDS
total $2,295,975 · program services $444,695 · management and general $1,851,280
-
24e · All other expenses
total $1,459,728 · program services $7,417,987 · management and general -$5,958,259
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,158,605 · end of year $4,039,997
-
2 · Savings and temporary cash investments
beginning of year $13,224,247 · end of year $15,342,817
-
3 · Pledges and grants receivable
beginning of year $5,023,948 · end of year $4,972,284
-
4 · Accounts receivable
beginning of year $377,577 · end of year $403,439
-
7 · Other notes and loans receivable
beginning of year $1,381,036 · end of year $948,225
-
10a · Land, buildings and equipment: cost or other basis
$164,309,758
-
10b · Land, buildings and equipment: accumulated depreciation
$83,312,796
-
10c · Land, buildings and equipment, net
beginning of year $79,095,448 · end of year $80,996,962
-
11 · Investments: publicly traded securities
beginning of year $103,865,097 · end of year $107,966,431
-
15 · Other assets
beginning of year $2,825,695 · end of year $390,806
-
17 · Accounts payable and accrued expenses
beginning of year $3,221,308 · end of year $4,713,771
-
19 · Deferred revenue
beginning of year $1,581,081 · end of year $1,429,833
-
20 · Tax-exempt bond liabilities
beginning of year $3,004,642 · end of year $2,841,206
-
24 · Unsecured notes and loans payable
beginning of year $51,150,350 · end of year $49,158,999
-
25 · Other liabilities
beginning of year $3,899,248 · end of year $3,361,514
-
27 · Net assets without donor restrictions
beginning of year $45,382,389 · end of year $37,634,993
-
28 · Net assets with donor restrictions
beginning of year $109,712,635 · end of year $115,920,645
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
BRIDGEWATER COLLEGE IS A PRIVATE, COEDUCATIONAL, RESIDENTIAL, LIBERAL ARTS COLLEGE OF APPROXIMATELY 1,500 STUDENTS
-
LOCATED ONLY TWO HOURS SOUTHWEST OF THE WASHINGTON, D.C., METRO AREA, BRIDGEWATER COLLEGE HAS A TOTAL ENROLLMENT OF APPROXIMATELY 1,500 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, PSYCHOLOGY, AND HUMAN RESOURCE 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.
Expenses $55,230,843 · Grants $38,964,738 · Revenue $54,850,955
-
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 CAFE IN THE FORRER LEARNING COMMONS.
Expenses $8,807,955 · Revenue $15,390,360
-
WITH MORE THAN 80 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. STUDENTS ALSO HAVE THE OPPORTUNITY TO BENEFIT FROM THE BRIDGEWATER COLLEGE EQUESTRIAN CENTER IN WEYERS CAVE, VA., FOR RIDING LESSONS AND THE EQUESTRIAN TEAM; 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.
Expenses $12,515,367 · Revenue $105
-
ACADEMIC SUPPORT AREAS AT BRIDGEWATER COLLEGE INCLUDE THE ACADEMIC ADVISING CENTER, FORRER LEARNING COMMONS, THE WRITING CENTER, THE INFORMATION TECHNOLOGY CENTER, THE OFFICE OF CAREER SERVICES AND THE ACADEMIC SUPPORT CENTER. REVENUES OF $6,323 ARE FOR BOOK COMMISSIONS FROM AN OUTSOURCED ONLINE TEXTBOOK STORE, WHOSE OPERATIONS ARE OTHERWISE DIVORCED FROM BRIDGEWATER COLLEGE'S FINANCIAL STATEMENTS.
Expenses $7,296,181 · Revenue $59,903
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
D Cory AdamsonD CORY ADAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew B AgeeANDREW B AGEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
J Russell BrunerJ RUSSELL BRUNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
D Bruce ChristianD BRUCE CHRISTIAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Mensel D Dean JrMENSEL D DEAN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael D Del GiudiceMICHAEL D DEL GIUDICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
A Wesley Graves VIA WESLEY GRAVES VI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Lawrence M JohnsonLAWRENCE M JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael K KylesMICHAEL K KYLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
J Allen LaymanJ ALLEN LAYMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Nathan H MillerNATHAN H MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul E MundeyPAUL E MUNDEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Wilfred E NolenWILFRED E NOLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bonnie F RhodesBONNIE F RHODES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert I StolzmanROBERT I STOLZMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna P WalkerDONNA P WALKER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
James H WalshJAMES H WALSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
G Benjamin WamplerG BENJAMIN WAMPLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ashley B SmithASHLEY B SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dewey M WilliardDEWEY M WILLIARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy G WrightKATHY G WRIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David A YoungDAVID A YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David W BushmanDAVID W BUSHMAN
PRESIDENT
- Total calculated
- $385,730
- From this org
- $365,434
- From related orgs
- $0
- Other
- $20,296
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $337,879
- Bonus
- $21,000
- Other
- $6,555
- Deferred
- $10,766
- Nontaxable benefits
- $9,530
- Filer's total
- $385,730
-
Hope H HickmanHOPE H HICKMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Cheryl M MascarenhasCHERYL M MASCARENHAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark A ShermanMARK A SHERMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen BrightSTEPHEN BRIGHT
VP FOR FINANCE AND TREASUR
- Total calculated
- $242,957
- From this org
- $227,039
- From related orgs
- $0
- Other
- $15,918
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $226,039
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,811
- Nontaxable benefits
- $9,107
- Filer's total
- $242,957
-
Maureen SilvaMAUREEN SILVA
VP FOR INSTITUTIONAL ADVAN
- Total calculated
- $240,669
- From this org
- $222,015
- From related orgs
- $0
- Other
- $18,654
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $221,015
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,661
- Nontaxable benefits
- $11,993
- Filer's total
- $240,669
-
Leona SevickLEONA SEVICK
PROVOST & EXECUTIVE VICE PRESIDENT
- Total calculated
- $240,373
- From this org
- $232,062
- From related orgs
- $0
- Other
- $8,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,062
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,962
- Nontaxable benefits
- $1,349
- Filer's total
- $240,373
-
Michael PostMICHAEL POST
VICE PRESIDENT FOR ENROLLM
- Total calculated
- $235,496
- From this org
- $216,993
- From related orgs
- $0
- Other
- $18,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,993
- Bonus
- $1,000
- Other
- $0
- Deferred
- $6,510
- Nontaxable benefits
- $11,993
- Filer's total
- $235,496
-
Robert AndersenROBERT ANDERSEN
ASSOC DEAN ACAD AFFAIRS &
- Total calculated
- $138,351
- From this org
- $125,114
- From related orgs
- $0
- Other
- $13,237
- Hours/week
- 40
-
Barbara H LongBARBARA H LONG
DEAN OF THE SCHOOL OF PROFESSIONAL STUDIES
- Total calculated
- $135,650
- From this org
- $119,172
- From related orgs
- $0
- Other
- $16,478
- Hours/week
- 40
-
Carol ScheppardCAROL SCHEPPARD
PROFESSOR OF THE COLLEGE
- Total calculated
- $137,865
- From this org
- $129,385
- From related orgs
- $0
- Other
- $8,480
- Hours/week
- 40
-
Leslie FrereLESLIE FRERE
VP FOR STUDENT LIFE/DEAN O
- Total calculated
- $168,138
- From this org
- $150,665
- From related orgs
- $0
- Other
- $17,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,665
- Bonus
- $1,000
- Other
- $0
- Deferred
- $4,520
- Nontaxable benefits
- $12,953
- Filer's total
- $168,138
-
Kristy RheaKRISTY RHEA
DIRECTOR OF INFORMATION TE
- Total calculated
- $144,089
- From this org
- $134,443
- From related orgs
- $0
- Other
- $9,646
- Hours/week
- 40
-
Roy W Ferguson JrROY W FERGUSON JR
FORMER VP FOR RISK MANAGEM
- Total calculated
- $129,018
- From this org
- $126,752
- From related orgs
- $0
- Other
- $2,266
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,989
- Bonus
- $500
- Other
- $3,263
- Deferred
- $2,266
- Nontaxable benefits
- $0
- Filer's total
- $129,018
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 · Tax indemnification and gross-up payments
- 1a · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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 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.
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.
-
BRIDGEWATER COLLEGE PROPERTIES LLC
REAL ESTATE · VA
Directly controlled by BRIDGEWATER COLLEGE
-
413-415 E COLLEGE STREET LLC
REAL ESTATE · VA
Directly controlled by BRIDGEWATER COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349304189
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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