Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,313,968

• 1f · All other contributions, gifts and grants

  $34,975,878

• 1g · Noncash contributions included above

  $1,612,323

• 2a · Program service revenue: Gross Tuition and Fees

  total $46,104,066 · related or exempt $46,104,066 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Auxiliary Enterprises

  total $13,544,673 · related or exempt $13,544,673 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,802,597 · related or exempt $0 · unrelated business $0 · excluded $1,802,597

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $7,646,839 · other assets $171,962

• 7b · Less cost or other basis and sales expenses

  securities $3,078,057 · other assets $254,107

• 7c · Gain or loss

  securities $4,568,782 · other assets -$82,145

• 7d · Net gain or loss

  total $4,486,637 · related or exempt -$82,145 · unrelated business $0 · excluded $4,568,782

• 11a · Other revenue: Other Activities

  total $1,112,403 · related or exempt $1,075,777 · unrelated business $36,626 · excluded $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,112,403

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $33,017,119 · program services $33,017,119

• 3 · Grants to foreign organizations and individuals

  total $375,339 · program services $375,339

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $1,475,557 · program services $0 · management and general $1,475,557 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $22,620,846 · program services $17,519,681 · management and general $3,488,852 · fundraising $1,612,313

• 8 · Pension plan contributions

  total $1,762,652 · program services $1,207,524 · management and general $428,689 · fundraising $126,439

• 9 · Other employee benefits

  total $3,699,718 · program services $2,534,532 · management and general $899,797 · fundraising $265,389

• 10 · Payroll taxes

  total $1,656,580 · program services $1,134,859 · management and general $402,891 · fundraising $118,830

• 11a · Fees: management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $122,509 · program services $0 · management and general $122,509 · fundraising $0

• 11c · Fees: accounting

  total $116,725 · program services $0 · management and general $116,725 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $0 · program services $0 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $4,293,133 · program services $2,223,782 · management and general $1,975,568 · fundraising $93,783

• 14 · Information technology

  total $1,026,235 · program services $774,450 · management and general $157,596 · fundraising $94,189

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $2,825,458 · program services $1,049,968 · management and general $1,775,490 · fundraising $0

• 17 · Travel

  total $1,760,897 · program services $1,403,062 · management and general $232,459 · fundraising $125,376

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $0 · program services $0 · management and general $0 · fundraising $0

• 20 · Interest

  total $1,336,081 · program services $1,336,081 · management and general $0 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $5,743,351 · program services $5,743,351 · management and general $0 · fundraising $0

• 23 · Insurance

  total $994,006 · program services $211,784 · management and general $782,222 · fundraising $0

• 24a · Other expenses: General

  total $6,866,152 · program services $4,405,572 · management and general $2,185,489 · fundraising $275,091

• 24b · Other expenses: Consultants

  total $366,529 · program services $238,567 · management and general $125,712 · fundraising $2,250

• 24c · Other expenses: Contract Services

  total $5,766,638 · program services $4,945,610 · management and general $724,357 · fundraising $96,671

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,575,791 · end of year $5,012,045

• 3 · Pledges and grants receivable

  beginning of year $27,282,129 · end of year $32,390,655

• 4 · Accounts receivable

  beginning of year $1,012,328 · end of year $628,367

• 5 · Loans and receivables from officers and key people

  beginning of year $477,177 · end of year $477,177

• 7 · Other notes and loans receivable

  beginning of year $3,183,929 · end of year $2,834,876

• 8 · Inventories for sale or use

  beginning of year $898,928 · end of year $1,132,340

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,082,105 · end of year $242,928

• 10a · Land, buildings and equipment: cost or other basis

  $317,534,321

• 10b · Land, buildings and equipment: accumulated depreciation

  $98,995,604

• 10c · Land, buildings and equipment, net

  beginning of year $185,602,412 · end of year $218,538,717

• 11 · Investments: publicly traded securities

  beginning of year $5,185,785 · end of year $5,564,426

• 12 · Investments: other securities

  beginning of year $262,531,051 · end of year $268,685,359

• 17 · Accounts payable and accrued expenses

  beginning of year $15,757,204 · end of year $16,321,723

• 18 · Grants payable

  beginning of year $380,554 · end of year $250,490

• 19 · Deferred revenue

  beginning of year $258,677 · end of year $130,456

• 20 · Tax-exempt bond liabilities

  beginning of year $57,004,647 · end of year $55,631,082

• 24 · Unsecured notes and loans payable

  beginning of year $5,861,269 · end of year $24,059,160

• 25 · Other liabilities

  beginning of year $11,569,971 · end of year $14,204,142

• 27 · Net assets without donor restrictions

  beginning of year $116,216,253 · end of year $106,351,200

• 28 · Net assets with donor restrictions

  beginning of year $284,783,060 · end of year $318,558,637

The filer's explanations (Part III)

Schedule J, Part I, Line 1a

The President, VP for College Advancement, VP for Enrollment and Dean of Students are required to live on campus in a home owned by the college as a condition of employment. The value of the lodging is not reported as taxable compensation. Housekeeping is also provided for the president's home.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HSC Poplar Hill LLC

  Real Estate · VA · income $0 · assets $4,520,000

  Directly controlled by Hampden Sydney College