2025-05-14T15:51:05-07:00 2024-06-30 990 2023-07-01 540505906 HAMPDEN-SYDNEY COLLEGE HAMP 4342236216 College Road Hampden Sydney VA 23943 Paul Copeland VP for Business Affairs & Finance 4342236216 2025-05-14 1 2023 2025-03-06 01:10:19Z John Lawrence Stimpert College Road Hampden Sydney VA 23943 109672386 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. 33 33 789 947 36626 103915 83034483 39289846 55166487 59648739 1447118 6289234 1539378 1112403 141187466 106340222 30513598 33392458 0 0 29753710 31215353 0 0 2810331 27832740 31217714 88100048 95825525 53087418 10514697 491831635 535506890 90832322 110597053 400999313 424909837 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 78121281 33392458 60642371 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 78121281 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 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 999 0 1 789 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 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 363528 0 109114 Heather L Krajewski Vice President for College Advancement 50 0 X 300108 0 65093 Jeffery Norris Vice President for Enrollment 50 0 X 214205 0 126013 Walter C McDermott III Dean of Faculty/Professor 50 0 X 195024 0 30886 Paul K Copeland Jr Vice President for Business Affairs 50 0 X 184902 0 29893 J Hugh Haskins Asst. VP for Development 50 0 X 157314 0 24648 Chad Eisele Director of Athletics 50 0 X 127219 0 53765 Richard Pantele Dean of Students 50 0 X 132764 0 41725 Kenneth N Townsend Townsend Professor of Econ & Business 50 0 X 143960 0 28902 Gregory Dempster Elliott Professor of Econ & Business 50 0 X 149085 0 14087 Justin P Isaacs Professor of Economics & Business 50 0 X 125272 0 28111 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 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 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 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 Eric J Lindberg Jr 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 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 Thomas L Ransom 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 0 0 0 Julious P Smith Jr Trustee 3 X 0 0 0 Remy W Trafelet Trustee 3 X 0 0 0 Linda Whitley-Taylor Trustee 3 X 0 0 0 Mark T Wright Trustee 3 X 0 0 0 D Ricky Wyatt Trustee 3 X 0 0 0 2093381 0 552237 34 0 1 0 English Construction Co Inc PO Box P-7000 Lynchburg VA 24505 Construction 16131570 Jamerson Lewis Contruction Inc P O Box 395 Appomattox VA 24522 Construction 12284263 Meriwether Godsey Inc 4944 Old Boonsboro Road Lynchburg VA 24503 Food Service 4064174 Trane US Inc P O Box 406469 Atlanta GA 303846469 HVAC Contracting 2552522 Mesick Cohen Wilson Baker Architects 388 Broadway Ste 3 Albany NY 12207 Architects 1640587 22 4313968 34975878 1612323 39289846 Gross Tuition and Fees 611310 46104066 46104066 0 0 Auxiliary Enterprises 611710 13544673 13544673 0 0 59648739 1802597 0 0 1802597 0 0 7646839 171962 3078057 254107 4568782 -82145 4486637 -82145 0 4568782 Other Activities 900099 1112403 1075777 36626 0 0 0 0 0 1112403 106340222 60642371 36626 6371379 0 0 33017119 33017119 375339 375339 0 0 1475557 0 1475557 0 0 0 0 0 22620846 17519681 3488852 1612313 1762652 1207524 428689 126439 3699718 2534532 899797 265389 1656580 1134859 402891 118830 0 0 0 0 122509 0 122509 0 116725 0 116725 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4293133 2223782 1975568 93783 1026235 774450 157596 94189 0 0 0 0 2825458 1049968 1775490 0 1760897 1403062 232459 125376 0 0 0 0 0 0 0 0 1336081 1336081 0 0 0 0 0 0 5743351 5743351 0 0 994006 211784 782222 0 General 6866152 4405572 2185489 275091 Consultants 366529 238567 125712 2250 Contract Services 5766638 4945610 724357 96671 0 0 0 0 95825525 78121281 14893913 2810331 4575791 5012045 27282129 32390655 1012328 628367 477177 477177 3183929 2834876 898928 1132340 1082105 242928 317534321 98995604 185602412 218538717 5185785 5564426 262531051 268685359 491831635 535506890 15757204 16321723 380554 250490 258677 130456 57004647 55631082 5861269 24059160 11569971 14204142 90832322 110597053 X 116216253 106351200 284783060 318558637 400999313 424909837 491831635 535506890 10514697 13395827 0 0 0 0 X 0 1 X 1 1 1 X 21176252 23777441 16960458 77972581 34975878 174862610 0 0 0 0 0 0 0 0 0 0 0 0 21176252 23777441 16960458 77972581 34975878 174862610 74210788 100651822 587491 126623 227599 1206052 1802597 3950362 37571 33974 38876 38154 36626 185201 828120 630864 821922 1501224 1075777 4857907 183856080 208239120 0.54745 0.56368 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 1985 1985 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 government levels, such as the Virginia General Assembly and Congress. CICV has calculated that the percentage of membership dues (18,124) that was used for lobbying during FY23/24 membership was 10.95%. 242199104 3287527 17378416 0 14025805 0 248839242 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 0.02 0.55 0.43 1 0 0 2508675 2508675 0 282124746 70618930 211505816 0 13052526 10961990 2090536 0 19848374 17414684 2433690 0 0 0 0 218538717 Other 1737458 F Real Estate 4520000 F Alternative Investments 243271736 F Certificates of Deposit 50000 F Beneficial Interest in Trust 8045413 F Government Obligations 11060752 F 268685359 0 Forward Sale Commitment 14204142 14204142 X 86343591 13395827 0 0 -33392458 -19996631 106340222 0 0 0 106340222 62433067 0 0 0 0 0 62433067 0 33392458 33392458 95825525 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 provision 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 $5,827,385 for the 2023-2024 year. This included Pell Grants, subsidized and unsubsidized SSL, parent loans, and others. Students at Hampden-Sydney College received state financial aid totaling $2,775,776 for the 2023-2024 year. Most of this was from TAGP. Financial Aid Central America and the Caribbean 3 10000 Student Account 0 Financial Aid East Asia and the Pacific 1 3500 Student Account 0 Financial Aid Europe (including Iceland and Greenland) 37 277020 Student Account 0 Financial Aid South America 13 47746 Student Account 0 Financial Aid South Asia 1 37073 Student Account 0 0 0 0 0 0 0 1 Grants and Scholarships 869 33392458 Schedule I, Part I, Line 2 Students who wish to be considered for financial aid complete an application - the PROFILE from 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 recipient'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 admissoin 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 363528 0 0 0 0 0 60240 0 48874 0 472642 0 0 0 Heather L Krajewski Vice President for College Advancement 300108 0 0 0 0 0 27473 0 37620 0 365201 0 0 0 Jeffery Norris Vice President for Enrollment 214205 0 0 0 0 0 20565 0 105448 0 340218 0 0 0 Walter C McDermott III Dean of Faculty/Professor 195024 0 0 0 0 0 18023 0 12864 0 225911 0 0 0 Paul K Copeland Jr Vice President for Business Affairs 184902 0 0 0 0 0 17890 0 12003 0 214795 0 0 0 J Hugh Haskins Asst. VP for Development 157314 0 0 0 0 0 15615 0 9033 0 181962 0 0 0 Chad Eisele Director of Athletics 127219 0 0 0 0 0 13253 0 40513 0 180985 0 0 0 Richard Pantele Dean of Students 132764 0 0 0 0 0 12285 0 29440 0 174489 0 0 0 Kenneth N Townsend Townsend Professor of Econ & Business 143960 0 0 0 0 0 13849 0 15053 0 172862 0 0 0 Gregory Dempster Elliott Professor of Econ & Business 149085 0 0 0 0 0 13223 0 864 0 163172 0 0 0 Justin P Isaacs Professor of Economics & Business 125272 0 0 0 0 0 10492 0 17619 0 153383 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 lodging 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 was 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. X 107 1612323 FMV 1 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 chairman 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 and 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