2024-04-23T11:30:41-07:00 2023-06-30 990 2022-07-01 540505906 HAMPDEN-SYDNEY COLLEGE HAMP 4342236216 College Road Hampden Sydney VA 23943 Paul Copeland VP for Business Affairs & Finance 4342236216 2024-04-23 Paul Copeland 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z John Lawrence Stimpert College Road Hampden Sydney VA 23943 222060187 0 X http://www.hsc.edu X 1783 VA Since 1775, the mission of Hampden-Sydney College has been to form good men and good citizens in an atmosphere of sound learning. 31 31 796 937 38154 21138997 83034483 53859248 55166487 4847230 1447118 860798 1539378 80706273 141187466 28275458 30513598 0 0 27744123 29753710 0 0 2803579 24799425 27832740 80819006 88100048 -112733 53087418 448932160 491831635 105396771 90832322 343535389 400999313 Since 1775, the mission of Hampden-Sydney College has been to form good men and good citizens in an atmosphere of sound learning. 0 0 74293070 30513598 56649952 Hampden-Sydney College is a lively community seeking to form good men and good citizens in an atmosphere of sound learning. The mission of the College is to instill in its students a commitment to sound scholarship through studies in the natural sciences, the humanities, and the social sciences; to cultivate qualities of character and moral discernment rooted in the Judeo-Christian tradition; to develop clear thinking and expression; to promote an understanding of the world and our place in it; to impart a comprehension of social institutions as a basis for intelligent citizenship and responsible leadership in a democracy; to prepare those with special interests and capacities for graduate and professional study; and to equip graduates for a rewarding and productive life. Hampden-Sydney is a liberal arts college for men now enrolling approximately 1,000 students. In operation since 1775, the College is one of the oldest institutions of higher learning in the US. 0 0 0 74293070 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 1 1143 0 1 796 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X Paul Kenneth Copeland 4342236216 College Road Hampden Sydney VA 23943 John Larry Stimpert President 50 0 X 362428 0 108174 Heather L Krajewski Vice President for College Advancement 50 0 X 292723 0 64197 Jeffery Norris Vice President for Enrollment 50 0 X 193242 0 91050 Paul K Copeland Jr Vice President for Business Affairs 50 0 X 190399 0 32505 Walter C McDermott III Dean of Faculty/Professor 50 0 X 181475 0 30470 Chad Eisele Director of Athletics 50 0 X 124380 0 73347 Justin P Isaacs Professor of Economics & Business 50 0 X 123893 0 51443 J Hugh Haskins Asst. VP for Development 50 0 X 150749 0 23341 Richard Pantele Dean of Students 50 0 X 129517 0 36162 Kenneth N Townsend Townsend Professor of Econ & Business 50 0 X 135303 0 27292 Gregory Dempster Elliott Professor of Econ & Business 50 0 X 137426 0 13690 Eric E Apperson Trustee 3 X 0 0 0 David A Arias Trustee 3 X 0 0 0 J Trevor Boyce Trustee 3 X 0 0 0 Orran L Brown Sr Trustee 3 X 0 0 0 Robert K Citrone Trustee 3 X 0 0 0 John E Corey Trustee 3 X 0 0 0 Thomas C G Coyle Trustee 3 X 0 0 0 Richard F Cralle III Trustee 3 X 0 0 0 George S Dewey IV Trustee 3 X 0 0 0 Leanna C Everett Trustee 3 X 0 0 0 H Todd Flemming Trustee 3 X 0 0 0 Salvatore Giannetti III Trustee 3 X 0 0 0 M Peebles Harrison Trustee 3 X X 0 0 0 Eugene W Hickok Trustee 3 X 0 0 0 Maurice A Jones Trustee 3 X 0 0 0 Michael P Kehoe Trustee 3 X 0 0 0 John W Kirk III Trustee 3 X 0 0 0 Keith W Lewis Trustee 3 X 0 0 0 John E Mansfield Trustee 3 X 0 0 0 Ann Louise Martin Trustee 3 X 0 0 0 Thomas L Melton Trustee 3 X 0 0 0 Bartow Morgan Jr Trustee 3 X X 0 0 0 Erik K Morgan Trustee 3 X 0 0 0 John Neuner IV Trustee 3 X 0 0 0 Jon A Pace Trustee 3 X 0 0 0 Rodney C Pitts Trustee 3 X 0 0 0 Rodney P Ruffin Trustee 3 X X 0 0 0 Ivan A Schlager Trustee 3 X 0 0 0 John C Sifford Trustee 3 X X 0 0 0 Linda Whitley-Taylor Trustee 3 X 0 0 0 Mark T Wright Trustee 3 X 0 0 0 2021535 0 551671 29 0 1 0 W M Jordan Company Inc 11010 Jefferson Avenue Newport News VA 23601 Construction 7398504 Jamerson Lewis Contruction Inc P O Box 395 Appomattox VA 24522 Construction 2893565 Trane US Inc P O Box 406469 Atlanta GA 303846469 HVAC Contracting 2644395 Thompson Hospitality Services 1741 Business Center Drive Suite 200 Reston VA 20190 Food Service 2429230 Meriwether Godsey Inc 4944 Old Boonsboro Road Lynchburg VA 24503 Food Service 2191420 28 0 0 0 0 5061902 77972581 975047 83034483 Gross Tuition and Fees 611310 42540574 42540574 0 0 Auxiliary Enterprises 611710 12625913 12625913 0 0 55166487 1206052 0 0 1206052 0 0 0 0 0 0 0 0 0 0 81110289 3498 80851464 21257 258825 -17759 241066 -17759 0 258825 0 Other Activities 900099 1539378 1501224 38154 0 0 1539378 141187466 56649952 38154 1464877 0 0 30334382 30334382 179216 179216 0 0 1337470 0 1337470 0 0 0 0 0 21480515 17002907 2842360 1635248 1654169 1163475 364016 126678 3698823 2601601 813963 283259 1582733 1113230 348296 121207 0 0 0 0 90022 0 90022 0 102131 0 102131 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3714973 2135805 1444096 135072 1032600 885840 80265 66495 0 0 0 0 2892545 1110058 1782487 0 1425736 1161119 94479 170138 0 0 0 0 0 0 0 0 1886782 1886782 0 0 0 0 0 0 5193844 5193844 0 0 928564 212935 715629 0 General 4586822 3923226 417608 245988 Consultants 195234 101047 79425 14762 Contract Services 5783487 5287603 491152 4732 0 0 0 0 88100048 74293070 11003399 2803579 2013898 4575791 11205632 27282129 634087 1012328 477177 477177 3730198 3183929 869806 898928 459109 1082105 278970197 93367785 156546598 185602412 21813769 5185785 251181886 262531051 448932160 491831635 11965199 15757204 30649178 380554 941886 258677 57298214 57004647 4542294 5861269 0 11569971 105396771 90832322 X 78686049 116216253 264849340 284783060 343535389 400999313 448932160 491831635 53087418 4376506 0 0 0 0 X 0 1 X 1 1 1 X 11299522 21176252 23777441 16960458 77972581 151186254 0 0 0 0 0 0 0 0 0 0 0 0 11299522 21176252 23777441 16960458 77972581 151186254 61951196 89235058 252456 587491 126623 227599 1206052 2400221 37029 37571 33974 38876 38154 185604 754652 828120 630864 821922 1501224 4536782 158308861 204969621 0.56368 0.66238 X Schedule A, Part II, Line 10 Other income includes various miscellaneous income from the different departments on campus. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1709 1709 0 Schedule C, Part II-B, Line 1 Hampden-Sydney College is a member of the CICV (Council of Independent Colleges in Virginia). One way that the CICV serves its members is by monitoring legislation and advocating public policy that could affect Virginia private colleges. The CICV uses its voice to advocate on behalf of its members at various govenment levels, such as the Virginia General Assembly and Congress. CICV has calculated that the percentage of membership dues (17,993) that was used for lobbying during FY22/23 membership was 9.5%. 242130846 7606650 5032566 0 12570958 0 242199104 258043480 10004657 -15133478 0 10783813 0 242130846 193641014 10301109 64980837 0 10879480 0 258043480 183150362 15911026 7549229 0 12969603 0 193641014 173908401 6417594 8615825 0 5791458 0 183150362 0.04 0.55 0.41 1 0 0 2508675 2508675 0 244354253 65795094 178559159 0 12799612 10759065 2040547 0 19307657 16813626 2494031 0 0 0 0 185602412 Other 1701406 F Real Estate 4520000 F Alternative Investments 222913656 F Certificates of Deposit 50000 F Beneficial Interest in Trust 7467874 F Government Obligations 25878115 F 262531051 0 Forward Sale Commitment 11569971 11569971 X 115050374 4376506 0 0 -30513598 -26137092 141187466 0 0 0 141187466 57586450 0 0 0 0 0 57586450 0 30513598 30513598 88100048 Schedule D, Part V, Line 4 Hampden-Sydney's endowment funds are used to provide financial aid to students with a demonstrated financial need, as well as, academic achievement. The funds also support chairs, professorships, and other programs that support the college as a whole. The College also benefits from financial support that the funds contribute to the annual operating budget. Schedule D, Part X, Line 2 Management evaluated the College's tax positions and has concluded that the College has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Schedule D, Part XI, Line 2d Scholarship allowance is included in revenue on the financial statements. Schedule D, Part XII, Line 4b Scholarship allowance is included in revenue on the financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Hampden-Sydney College publicizes its racially nondiscriminatory policy through newspaper media. The College website also includes a statement that Hampden-Sydney does not discriminate on the basis of race, color, sex, religion, age, national origin, handicap, sexual orientation, or veteran status in the operation of its education programs and with respect to employment. Schedule E, Part I, Line 6 Students at Hampden-Sydney College received federal financial aid totaling $5,799,794 for the 2022-2023 year. This included Pell Grants, subsidized and unsubsidized SSL, parent loans, and others. Students at Hampden-Sydney College received state financial aid totaling $2,503,479 for the 2022-2023 year. Most of this was from TAGP. Financial Aid Europe (including Iceland and Greenland) 5 113894 Student Account 0 Financial Aid East Asia and the Pacific 2 65322 Student Account 0 1 0 0 0 0 0 1 Grants and Scholarships 840 30513598 Schedule I, Part I, Line 2 Students who wish to be considered for financial aid complete an application - the PROFILE frm the college scholarship service to apply for college grants and scholarships. Financial aid awards are reviewed at the end of each semester and may be withdrawn if a receipient's citizenship or academic work does not meet the standards of the college. College-sponsored grants and scholarships are limited to 8 semesters and require full-time enrollment. Financial aid recipients must maintain minimum satisfactory academic progress. Hampden-Sydney College offers several scholarships and awards without regard to financial need, which recognize outstanding academic and extracurricular achievement. All applicants for admission are automatically considered for academic scholarships. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 John Larry Stimpert President 362428 0 0 0 0 0 60322 0 47852 0 470602 0 0 0 Heather L Krajewski Vice President for College Advancement 292723 0 0 0 0 0 26831 0 37366 0 356920 0 0 0 Jeffery Norris Vice President for Enrollment 193242 0 0 0 0 0 18540 0 72510 0 284292 0 0 0 Paul K Copeland Jr Vice President for Business Affairs 190399 0 0 0 0 0 17477 0 15028 0 222904 0 0 0 Walter C McDermott III Dean of Faculty/Professor 181475 0 0 0 0 0 17606 0 12864 0 211945 0 0 0 J Hugh Haskins Asst. VP for Development 150749 0 0 0 0 0 15053 0 8288 0 174090 0 0 0 Gregory Dempster Elliott Professor of Econ & Business 137426 0 0 0 0 0 12826 0 864 0 151116 0 0 0 Kenneth N Townsend Townsend Professor of Econ & Business 135303 0 0 0 0 0 13547 0 13745 0 162595 0 0 0 Richard Pantele Dean of Students 129517 0 0 0 0 0 7118 0 29044 0 165679 0 0 0 Chad Eisele Director of Athletics 124380 0 0 0 0 0 12971 0 60376 0 197727 0 0 0 Justin P Isaacs Professor of Economics & Business 123893 0 0 0 0 0 10569 0 40874 0 175336 0 0 0 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 lodgining is not reported as taxable compensation. Housekeeping is also provided for the president's home. A IDA Educational Facilities Rev Bonds 2018 541245781 2018-12-19 15000000 Construction and renovating buildings 0 0 0 B IDA of Prince Edward County 2022 Bonds 541245781 2022-06-02 42936605 Renovating Buildings 0 0 0 A 0 0 15897709 0 0 0 170900 0 0 0 15726809 0 2020 0 0 1 1 B 0 0 42936605 0 4470366 7750579 791685 0 0 0 29923975 0 2025 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 A 0 B 0 Schedule K, Part I, Column f-12/19/2018 15,000,000 IDA Educational Facilities Rev Bonds 2018 Constructing and renovating buildings. Schedule K, Part I, Column f-06/02/2022 42,936,605 IDA of Prince Edward County 2022 Bonds Renovating buildings. Schedule K, Part IV, Line 2c-12/19/2018 15,000,000 IDA Educational Facilities Rev Bonds 2018 Rebate computation ws performed December 19, 2019. Schedule K, Part IV, Line 2c-06/02/2022 42,936,605 IDA of Prince Edward County 2022 Bonds Rebate computation was performed June 2, 2022. Christopher B Howard Former President Split Dollar Insurance X 333010 477177 0 1 1 477177 Patricia Townsend Spouse of Kenneth Townsend 25774 Compensation of HSC employee 0 X 83 975047 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b Form 990 is reviewed first by the Controller, then by the VP for Business Affairs and Finance and then by the Board of Trustees through a secure website before it is filed with the IRS. Form 990, Part VI, Section B, Line 12c Each member of the board of trustees is expected to report promptly to the president of the college or to the chariman of the board of trustees the existence of any relationship or interest, as it arises, which actually or potentially involves or may appear to involve a conflict of interest. In addition, each trustee will be asked to sign a statement annually reflecting his or her continuing awareness and understanding of this policy. At the same time, the individual will report either the absence of potential conflicts or the possible areas of concern. Form 990, Part VI, Section B, Line 15 Outside compensation consultants were hired to provide an opinion on the reasonableness of the total compensation paid to the president of Hampden-Sydney College. The study included a review of the entire compensation arrangement including cash and non-cash components, as well as, taxable and non-taxable benefits. The study also included a survey of peer colleges and published survey information for tax-exempt and for-profit sectors. In addition to the compensation study, the compensation for key employees is also reviewed by the board annually. Form 990, Part VI, Section C, Line 19 Hampden-Sydney College makes available, upon request, the three most recent Forms 990 and 990-T amd other documents required to be open to public inspection. HSC Poplar Hill LLC P O Box 127 Hampden Sydney VA 23943 540505906 Real Estate VA 0 4520000 Hampden Sydney College