Totals
- Total revenue
- $26,358,729
- Total expenses
- $40,534,853
- Contributions and grants received
- $5,093,494
- Grants paid
- $6,769,772
- Program service revenue
- $19,285,774
- Investment income
- $1,969,151
- Other revenue
- $10,310
- Total assets, end of year
- $280,008,378
- Total liabilities, end of year
- $20,318,769
- Net assets or fund balances, end of year
- $259,689,609
- Program services expenses (Part IX)
- $32,205,240
- Management and general expenses
- $7,331,165
- Fundraising expenses
- $998,448
- Program service expenses (Part III)
- $32,205,240
Program services were 79.5% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$476,971
-
1f · All other contributions, gifts and grants
$4,616,523
-
1g · Noncash contributions included above
$421,376
-
2a · Program service revenue: TUITION
total $14,346,979 · related or exempt $14,346,979 · unrelated business $0 · excluded $0
-
2b · Program service revenue: AUXILIARY SERVICES
total $4,278,081 · related or exempt $4,278,081 · unrelated business $0 · excluded $0
-
2c · Program service revenue: OTHER
total $660,714 · related or exempt $660,714 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,574,627 · related or exempt $0 · unrelated business $0 · excluded $2,574,627
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities -$605,476 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities -$605,476 · other assets $0
-
7d · Net gain or loss
total -$605,476 · related or exempt $0 · unrelated business $0 · excluded -$605,476
-
8a · Fundraising events: gross income
$10,310
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $10,310 · unrelated business $0 · excluded $10,310
-
11e · Other revenue, total
$0
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 $6,728,269 · program services $6,728,269
-
3 · Grants to foreign organizations and individuals
total $41,503 · program services $41,503
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $828,012 · program services $0 · management and general $828,012
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $14,478,292 · program services $11,467,773 · management and general $2,313,174 · fundraising $697,345
-
8 · Pension plan contributions
total $3,433,124 · program services $2,572,162 · management and general $702,180 · fundraising $158,782
-
11f · Fees: investment management
total $1,263,597 · management and general $1,263,597
-
20 · Interest
total $594,534 · program services $594,534
-
22 · Depreciation, depletion and amortization
total $2,767,049 · program services $2,545,685 · management and general $221,364
-
24a · Other expenses: SUPPLIES, SERVICES, GENERAL
total $7,113,341 · program services $5,090,253 · management and general $1,880,767 · fundraising $142,321
-
24b · Other expenses: FOOD SERVICES
total $1,859,266 · program services $1,859,266 · management and general $0 · fundraising $0
-
24c · Other expenses: UTILITIES
total $1,427,866 · program services $1,305,795 · management and general $122,071 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,034,692 · end of year $3,075,871
-
2 · Savings and temporary cash investments
beginning of year $26,626,645 · end of year $24,056,443
-
3 · Pledges and grants receivable
beginning of year $4,124,598 · end of year $2,462,921
-
4 · Accounts receivable
beginning of year $2,517,472 · end of year $2,483,763
-
7 · Other notes and loans receivable
beginning of year $1,091,697 · end of year $963,105
-
10a · Land, buildings and equipment: cost or other basis
$122,274,251
-
10b · Land, buildings and equipment: accumulated depreciation
$64,049,955
-
10c · Land, buildings and equipment, net
beginning of year $59,978,309 · end of year $58,224,296
-
12 · Investments: other securities
beginning of year $191,708,769 · end of year $188,280,719
-
15 · Other assets
beginning of year $526,737 · end of year $461,260
-
17 · Accounts payable and accrued expenses
beginning of year $1,567,616 · end of year $1,239,996
-
20 · Tax-exempt bond liabilities
beginning of year $12,804,895 · end of year $12,548,590
-
23 · Secured mortgages and notes payable
beginning of year $586,751 · end of year $445,818
-
25 · Other liabilities
beginning of year $6,161,007 · end of year $6,084,365
-
27 · Net assets without donor restrictions
beginning of year $109,628,821 · end of year $103,640,453
-
28 · Net assets with donor restrictions
beginning of year $157,859,829 · end of year $156,049,156
Mission and programs · 2022
Mission
SEE DETAILED DESCRIPTION OF ORGANIZATION'S PRIMARY MISSION PROVIDED ON SCHEDULE O
Activities or mission (Part I)
Instruction (Liberal Arts Higher Education)
-
INSTRUCTION: 532 FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS AND 21 PART-TIME STUDENTS (BASED ON FALL 2022 ENROLLMENT)
Expenses $32,205,240 · Grants $6,769,772 · Revenue $19,285,774
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sue Ott RowlandsSUE OTT ROWLANDS
COLLEGE PRESIDENT
- Total calculated
- $262,310
- From this org
- $238,565
- From related orgs
- $0
- Other
- $23,745
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,382
- Bonus
- $0
- Other
- $43,183
- Deferred
- $6,667
- Nontaxable benefits
- $17,078
- Filer's total
- $262,310
-
Bradley W BatemanBRADLEY W BATEMAN
FORMER COLLEGE PRESIDENT
- Total calculated
- $230,279
- From this org
- $200,041
- From related orgs
- $0
- Other
- $30,238
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,058
- Bonus
- $20,000
- Other
- $15,983
- Deferred
- $7,697
- Nontaxable benefits
- $22,541
- Filer's total
- $230,279
-
John F KeenerJOHN F KEENER
VP FOR INSTITUTIONAL EFFECTIVENESS AND REGISTRAR
- Total calculated
- $202,795
- From this org
- $164,049
- From related orgs
- $0
- Other
- $38,746
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,027
- Bonus
- $2,000
- Other
- $21
- Deferred
- $6,705
- Nontaxable benefits
- $32,042
- Filer's total
- $202,795
-
Jonathan P TyreeJONATHAN P TYREE
TREASURER/VP FOR FINANCE AND ADMINISTRATION
- Total calculated
- $191,925
- From this org
- $166,838
- From related orgs
- $0
- Other
- $25,087
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,830
- Bonus
- $2,000
- Other
- $8
- Deferred
- $6,994
- Nontaxable benefits
- $18,093
- Filer's total
- $191,925
-
Farah M MarksFARAH M MARKS
VP FOR INSTITUTIONAL ADVANCEMENT
- Total calculated
- $170,538
- From this org
- $140,087
- From related orgs
- $0
- Other
- $30,451
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,054
- Bonus
- $2,000
- Other
- $33
- Deferred
- $5,957
- Nontaxable benefits
- $24,494
- Filer's total
- $170,538
-
Carl A GirelliCARL A GIRELLI
PROFESSOR OF LINGUISTICS
- Total calculated
- $167,904
- From this org
- $139,279
- From related orgs
- $0
- Other
- $28,625
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,280
- Bonus
- $2,000
- Other
- $0
- Deferred
- $6,224
- Nontaxable benefits
- $22,400
- Filer's total
- $167,904
-
Elizabeth A Perry-SizemoreELIZABETH A PERRY-SIZEMORE
INTERIM PROVOST AND VP FOR ACADEMIC AFFAIRS
- Total calculated
- $138,215
- From this org
- $123,422
- From related orgs
- $0
- Other
- $14,793
- Hours/week
- 40
-
A Katrin SchenkA KATRIN SCHENK
ASSOCIATE PROFESSOR OF PHYSICS
- Total calculated
- $137,610
- From this org
- $122,805
- From related orgs
- $0
- Other
- $14,805
- Hours/week
- 40
-
Steven E WillisSTEVEN E WILLIS
SECRETARY/SPECIAL ASSISTANT TO THE PRESIDENT
- Total calculated
- $111,731
- From this org
- $93,280
- From related orgs
- $0
- Other
- $18,451
- Hours/week
- 40
-
Hylan T Hubbard IIIHYLAN T HUBBARD III
TRUSTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Karen E CampbellKAREN E CAMPBELL
TRUSTEE VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Keyes BeckstofferMARGARET KEYES BECKSTOFFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Marlon A BrownMARLON A BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alison BuckleyALISON BUCKLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Carl C CoffeyCARL C COFFEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth H CrightonELIZABETH H CRIGHTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen S GravesKATHLEEN S GRAVES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth A GrimmELIZABETH A GRIMM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jane J HampsonJANE J HAMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lorena J KernLORENA J KERN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sheri C LambertSHERI C LAMBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth A MaffeyELIZABETH A MAFFEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Delk MooreMARGARET DELK MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lesley C MorganLESLEY C MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
F Anderson MorseF ANDERSON MORSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Caroline R NoyesCAROLINE R NOYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Katie A PageKATIE A PAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Karen K PattersonKAREN K PATTERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Susan Neal PriceSUSAN NEAL PRICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Edna Aguirre RehbeinEDNA AGUIRRE REHBEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Marc A SchewelMARC A SCHEWEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Hollis Redmond SpillerHOLLIS REDMOND SPILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Randall J WattsRANDALL J WATTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eugenia Livings WelburnEUGENIA LIVINGS WELBURN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Henry George White JrHENRY GEORGE WHITE JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alexandra H YakubovALEXANDRA H YAKUBOV
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Charles B WhiteCHARLES B WHITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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)
- Schedule J, Part I, Line 1a
- THE COLLEGE PROVIDES HOUSING AND A SOCIAL CLUB MEMBERSHIP FOR ITS PRESIDENT
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.
-
RMWC ALUMNAE AND RC ALUMNI ASSOCIATION
501 (C) (3) · ALUMNAE(I) CONNECTIONS · 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.
-
INVESTMENT PROPERTIES OF LYNCHBURG LLC
COMMERCIAL REAL ESTATE · VA · income $43,344 · assets $864,030
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349306924
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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