2025-05-15T15:30:00-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 540568200 BLUEFIELD UNIVERSITY BLUE 2763263682 3000 COLLEGE AVENUE BLUEFIELD VA 24605 MELANIE L SARVER CONTROLLER 2763263682 2025-05-15 1 0 MARK WOOLWINE P00647446 5404433606 2025-05-15 2023 2025-03-06 01:10:19Z MELANIE L SARVER 3000 COLLEGE AVENUE BLUEFIELD VA 24605 28214061 0 X WWW.BLUEFIELD.EDU X 1922 VA TO PROVIDE STUDENT INSTRUCTION, SCHOLARSHIPS, ACADEMIC SUPPORT, AND OTHER SERVICES TO ITS STUDENTS. 21 19 360 1 -1145 0 3051388 1798763 22598779 25774684 268551 522179 -10666 110132 25908052 28205758 6634253 8136825 0 0 9984660 9369150 0 0 280055 10521816 12945407 27140729 30451382 -1232677 -2245624 32971618 32589898 15826209 18050426 17145409 14539472 X TO OFFER A CHALLENGING CHRIST-CENTERED LIBERAL ARTS EXPERIENCE AND CO-CURRICULAR PROGRAMS THAT TRANSFORM STUDENTS' LIVES BY INTEGRATING LIBERAL ARTS WITH CAREER-ORIENTED STUDIES AND SERVICE TO GOD & THE WORLD. 0 0 12120854 8136825 22386120 STUDENT INSTRUCTION AND SCHOLARSHIPS: GROUNDED IN THE LIBERAL ARTS TRADITION, BLUEFIELD UNIVERSITY IS AT THE FOREFRONT IN UNDERSTANDING THE VALUE OF SCIENCE AND TECHNOLOGY IN THE 21ST CENTURY. BLUEFIELD UNIVERSITY OFFERS MORE THAN 50 ACADEMIC PROGRAMS, INCLUDING OVER 30 BACHELOR'S DEGREES, OVER 10 MASTER'S DEGREES AND SEVERAL ASSOCIATES AND CERTIFICATE PROGRAMS. STUDENTS SERVED INCLUDE TRADITIONAL STUDENTS WHO ANTICIPATE NEEDING THREE TO FIVE YEARS TO COMPLETE THEIR BACHELOR'S DEGREE, THE DEGREE COMPLETION STUDENT WHO NEEDS FEWER HOURS TO COMPLETE AN UNDERGRADUATE DEGREE OR CERTIFICATE PROGRAM AND DESIRES TO COMPLETE ONLINE, AND THE INDIVIDUAL THAT IS SEEKING A MASTER'S DEGREE. THE UNIVERSITY DELIVERS COURSES ON-SITE/IN-PERSON AND ON-LINE. ACADEMIC SUPPORT IS PROVIDED THROUGH AN ACADEMIC CENTER FOR EXCELLENCE, A LIBRARY, AND ACADEMIC TECHNOLOGY SUPPORT. 6184035 STUDENT SERVICES: THE UNIVERSITY'S STUDENT SERVICES AREAS INCLUDE THE REGISTRAR, ENROLLMENT MANAGEMENT, CREATIVE MEDIA, FINANCIAL AID, GENERAL STUDENT SUPPORT SERVICES, CAMPUS SECURITY, INTER-COLLEGIATE AND INTRAMURAL ATHLETICS, STUDENT EXTRACURRICULAR ACTIVITIES, CAMPUS MINISTRY, AND RETENTION/STUDENT SUCCESS SERVICES. 3588672 3506544 AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, FOOD SERVICE, THE CAMPUS STORE, AND SPECIAL PROGRAMS (E.G., SUMMER EVENTS). 21893561 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 208 0 1 360 1 0 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2763264556 3000 COLLEGE AVENUE BLUEFIELD VA 24605 C TODD ASBURY BOARD TRUSTEE 1.50 X 0 0 0 DAVID BAILEY JR BOARD TRUSTEE 1.50 X 0 0 0 JACKSON E REASOR JR BOARD CHAIR 1.50 X X 0 0 0 CRAIG F STOUT BOARD TRUSTEE 1.50 X 0 0 0 JOHN P BECKETT JR BOARD TRUSTEE 1.50 X 0 0 0 CINDY CARTER BOARD TRUSTEE 1.50 X 0 0 0 TERRI N COLE BOARD TRUSTEE 1.50 X 0 0 0 RON HALL BOARD TRUSTEE 1.50 X 0 0 0 HEATHER HARRIS BOARD TRUSTEE 1.50 X 0 0 0 ROBERT BOB HOUCK BOARD TRUSTEE 1.50 X 0 0 0 JULIE H JOHNSON BOARD TRUSTEE 1.50 X 0 0 0 ELIZABETH KEENE BOARD TRUSTEE 1.50 X 0 0 0 DAVID KIRK BOARD TRUSTEE 1.50 X 0 0 0 DAVID T LARIMER II BOARD TRUSTEE 1.50 X 0 0 0 CHRIS LAWSON BOARD VICE CHAIR 1.50 X X 0 0 0 PHYLLIS MARCOM BOARD TRUSTEE 1.50 X 0 0 0 SARAH REID BOARD SECRETARY 1.50 X X 0 0 0 JOHN ROCOVICH JR BOARD TRUSTEE 1.50 X 0 0 0 THOMAS R SCOTT JR BOARD TRUSTEE 1.50 X 0 0 0 DIXIE TOOKE-RAWLINS BOARD TRUSTEE 1.50 X 0 0 0 MICHAEL A WADE BOARD TRUSTEE 1.50 X 0 0 0 LAMONT WOODS BOARD TRUSTEE 1.50 X 0 0 0 DAVID OLIVE PRESIDENT 50.00 X 183729 0 19209 MARY RUTH BLANKENSHIP VP FOR FINANCE AND ADMINISTRATION 50.00 X 132389 0 2305 ANGELA CLINE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 50.00 X 119514 0 4167 KARL HATTON VP FOR ENROLLMENT MANAGEMENT 50.00 X 110310 0 464 MICHAEL SALMEIER VICE PRESIDENT FOR INTERCOLLEGIATE ATHLETICS 50.00 X 114267 0 1825 660209 0 27970 5 0 1 0 EDWARD VIA VA COLLEGE OSTEOPATHIC MEDICI 2265 KRAFT DRIVE BLACKSBURG VA 24060 PROGRAM SERVICES 2075626 PIONEER COLLEGE CATERERS 303 GLENROSE AVENUE NASHVILLE TN 37210 FOOD SERVICES 1327160 A BOOK COMPANY 28312 NETWORK PLACE CHICAGO IL 60673 TEXT BOOKS 431538 ADVANCED LOGIC INDUSTRIES 1750 KRAFT DRIVE BLACKSBURG VA 24060 INFORMATION TECHNOLOGY 429020 VIGEO SOLUTIONS 3088 NEW LONDON ROAD FOREST VA 24551 MARKETING CONSULTANT 423170 15 23319 1775444 109507 1798763 TUITION AND FEES 611310 22268140 22268140 HOUSING AND BOARD SERVICES 611710 3324212 3324212 OTHER 611710 90762 90762 SPECIAL EVENTS 611710 90152 90152 CAMPUS STORE/TEXTBOOK SALE 611710 1418 1418 25774684 219364 -1145 220509 302815 0 302815 302815 302815 455 23319 8303 -7848 -7848 117980 117980 117980 28205758 25892664 -1145 515476 8136825 8136825 202938 106992 92349 3597 6942193 4508475 2284351 149367 2224019 1172538 1012061 39420 20338 20338 437467 421965 15502 356744 47527 306371 2846 677730 470641 204809 2280 1391051 1219609 171442 1910338 547675 1358658 4005 296379 28744 256742 10893 768824 768824 1585780 516057 1069723 171428 171428 OTHER 4031793 2490449 1474947 66397 STUDENT MEAL PLAN 1278143 1278143 POSTAGE 19392 7669 10473 1250 30451382 21893561 8277766 280055 8156 1050 636567 1590663 4029841 3145196 659713 675241 4331 4331 513821 153041 40119104 22008905 18467037 18110199 7300199 7310115 1351953 1600062 32971618 32589898 1709660 1834659 655003 1376882 11401914 11308256 1500000 2059632 2030629 15826209 18050426 X 3750188 1552127 13395221 12987345 17145409 14539472 32971618 32589898 X -2245624 235511 -595825 X X 0 1 X 1 1 1 X 4216220 3173928 3666779 2416432 1798763 15272122 4216220 3173928 3666779 2416432 1798763 15272122 15272122 117488 135763 126551 168713 219364 767879 262559 -208257 1508743 -6790 118435 1674690 17714691 23818926 0.86210 0.85650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1398 1398 0 PART II-B, LINE 1: THE UNIVERSITY IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV), AN ASSOCIATION OF 28 INDEPENDENT COLLEGES AND UNIVERSITIES. CICV CURRENTLY OPERATES BY THE NAME VIRGINIA PRIVATE COLLEGES. CICV WORKS TO PROMOTE THE INTERESTS OF NON-PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINIA. CICV WORKED TO INITIATE AND CONTINUES TO PROMOTE THE STATE'S NON-NEED BASED TUITION ASSISTANCE PROGRAM FOR VIRGINIA STUDENTS ATTENDING A PRIVATE INSTITUTION. ADDITIONALLY, CICV MONITORS LEGISLATIVE AND REGULATORY ACTIONS WHICH AFFECT THE MEMBERSHIP BY A PRESENCE DURING THE GENERAL ASSEMBLY SESSIONS TO REVIEW PROPOSED LEGISLATION AND INTERACT WITH VARIOUS ADMINISTRATIVE AGENCIES. CICV IS ENGAGED IN PROMOTING THE AWARENESS OF VIRGINIA'S INDEPENDENT COLLEGES TO POTENTIAL STUDENTS THROUGH PUBLICATIONS AND BY SPONSORING VA PRIVATE COLLEGE WEEK. CICV ALSO PROVIDES ANALYZED DATA TO MEMBER INSTITUTIONS AND APPROPRIATE STATE AGENCIES TO PROMOTE VENTURES WHERE EFFICIENCIES CAN BE ACHIEVED BY THE PARTICIPATION OF A GROUP OF INSTITUTIONS. THE UNIVERSITY PAYS A MEMBERSHIP FEE BASED UPON STUDENT POPULATION. FOR THE YEAR ENDED JUNE 30, 2024, CICV EXPENDED APPROXIMATELY 10.95% OF THE MEMBERSHIP FEE FOR LOBBYING ACTIVITIES. 9470865 550380 698240 378962 959467 9381056 8782478 423019 588616 323248 9470865 8730019 706709 -372510 281740 8782478 6950344 413925 1670824 305074 8730019 6768569 358629 114183 291037 6950344 0.04457 0.76164 0.19379 1 0 103333 103333 26239037 12790432 13448605 9996078 7126906 2869172 3780656 2091567 1689089 18110199 STUDENT AND OTHER DEPOSITS 464398 AMOUNTS HELD ON BEHALF OF OTHERS 98684 TRUST AND ANNUITY OBLIGATIONS 166446 POST RETIRMENT BENEFIT OBLIGATIONS 126178 OPERATING LEASE LIABILITY 342520 FINANCE LEASE LIABILITY 832403 2030629 X 19696584 235511 -587522 -352011 20048595 20338 8136825 8157163 28205758 22302521 8303 8303 22294218 20338 8136825 8157163 30451381 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS ARE USED PRIMARILY FOR SCHOLARSHIPS AND RESTRICTED PROGRAM PURPOSES. THE BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS ARE USED TO COVER THE PAYOUT FOR ENDOWMENT ACCOUNTS FOR WHICH THE ACCOUNTS' MARKET VALUES HAVE DROPPED BELOW CORPUS ("UNDERWATER ENDOWMENTS"). PART X, LINE 2: THE FEDERAL FORM 990S OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES 8,303. CHANGE IN VALUE SPLIT INTEREST AGREEMENTS -595,825. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 8,136,825. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED FOR GOLF TOURNAMENT 8,303. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINACIAL AID PAID 8,136,825. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BLUEFIELD UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHIC SECTION AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE UNIVERSITY IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, BLUEFIELD UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE AMOUNT BLUEFIELD UNIVERSITY RECEIVES FROM GOVERNMENTAL AGENCIES FOR FINANCIAL ASSISTANCE IS FOR STUDENT FINANCIAL AID. THE FINANCIAL AID IS AWARDED TO STUDENTS ACCORDING TO FEDERAL AND INSTITUTIONAL GUIDELINES. GOLF TOURNAMENT 23774 23319 455 4554 3000 749 23774 23319 455 4554 3000 749 8303 -7848 MELANIE SARVER 3000 COLLEGE AVENUE BLUEFIELD VA 24605 1 DONOR RESTRICTED (FUNDED) SCHOLARSHIPS AND FINANCIAL AID 174 500711 SEOG - FEDERAL SUPPLEMENTAL GRANTS 61 89987 COLLEGE DESIGNATED (UNFUNDED) SCHOLARSHIPS AND FINANCIAL AID 599 7546127 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON EITHER THE SPECIFIC CRITERIA OF THE SCHOLARSHIP FUNDING, ACADEMIC MERIT, OR TALENT. THE UNIVERSITY'S FINANCIAL AID OFFICE MONITORS SCHOLARSHIP FUND AVAILABILITY, MAKES SCHOLARSHIP AWARDS, AND MAINTAINS AN ON-GOING AWARENESS OF STUDENT ELIGIBILITY FOR SCHOLARSHIPS. X X 0 0 X X 0 0 0 0 0 0 0 0 0 DAVID OLIVE PRESIDENT 183729 0 0 0 0 0 6000 0 13209 0 202938 0 0 0 PART I, LINE 1B BLUEFIELD UNIVERSITY'S BOARD OF TRUSTEES BYLAWS DESCRIBE VARIOUS POWERS AND DUTIES OF THE TRUSTEES, TO INCLUDE APPOINTING THE PRESIDENT AND APPROVING THE TERMS AND CONDITIONS OF EMPLOYMENT, SALARY POLICIES, AND SCHEDULES. WRITTEN DOCUMENTATION EXISTS FOR COMPENSATION, BENEFITS, AND ALL PERKS OF THE PRESIDENT. SUCH DOCUMENTATION INCLUDES HIRE INFORMATION, ADJUSTMENT LETTERS, AND, WHERE NECESSARY, INVOICES (E.G., SOCIAL CLUB PAYMENTS). 39900 TUITION REMISSION STUDENT TUITION COSTS X 1 100000 AVG HIGH/LOW AT TRANSFER X OTHER MISCELLANEOUS 8 9507 FMV 0 0 1 PART I, LINE 32B: BLUEFIELD UNIVERSITY HAS AN INVESTMENT TRANSFER ACCOUNT AT A FINANCIAL INSTITUTION. THE UNIVERSITY'S POLICY REGARDING STOCK OR OTHER INVESTMENT GIFTS RECEIVED DICTATES THAT SUCH GIFTS BE DEPOSITED DIRECTLY FROM THE DONOR OR DONOR'S FIDUCIARY TO THIS STOCK TRANSFER ACCOUNT. BLUEFIELD UNIVERSITY'S FINANCIAL INSTITUTION IMMEDIATELY LIQUIDATES THE INVESTMENT, AND THE UNIVERSITY THEN TRANSFERS THE PROCEEDS INTO ITS OPERATING CASH ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B BLUEFIELD UNIVERSITY'S BOARD OF TRUSTEES RECEIVES THE UNIVERSITY'S FINANCIAL STATEMENT AUDIT PRIOR TO COMPLETION OF THE 990. BLUEFIELD UNIVERSITY'S BOARD OF TRUSTEES BYLAWS DESIGNATE THE UNIVERSITY'S CHIEF FINANCIAL OFFICER AS RESPONSIBLE FOR MAINTAINING ALL FISCAL RECORDS AND SUBMITTING FINANCIAL REPORTS AS NECESSARY. THE BYLAWS ALSO DESIGNATE THE FINANCE COMMITTEE OF THE BOARD AS RESPONSIBLE FOR SUPERVISION CONCERNING ALL FISCAL ASPECTS OF THE UNIVERSITY. THE CHIEF FINANCIAL OFFICER APPRISED THE BOARD'S FINANCE COMMITTEE OF THE UNIVERSITY'S 990 FILING, HIGHLIGHTING INFORMATION AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEE CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY THE BOARD CHAIR AND ASSISTANT SECRETARY. THEY ARE MAINTAINED IN AND REVIEWED BY THE PRESIDENT'S OFFICE. ANY ITEMS DISCLOSED ARE DISCUSSED WITH THE BOARD'S EXECUTIVE COMMITTEE AND DISCLOSED TO THE UNIVERSITY'S AUDITORS. EMPLOYEES CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY THE EMPLOYEE'S SUPERVISOR AND THE UNIVERSITY'S HUMAN RESOURCE DIRECTOR. ANY ITEMS DISCLOSED BY EMPLOYEES ARE REVIEWED BY THE PRESIDENT AND RELEVANT UNIVERSITY LEADERSHIP TEAM MEMBERS AS APPROPRIATE. EMPLOYEE CONFLICT OF INTEREST DISCLOSURE FORMS ARE MAINTAINED IN THE HUMAN RESOURCES OFFICE. FORM 990, PART VI, SECTION B, LINE 15 BLUEFIELD UNIVERSITY REFERS TO A SALARY SURVEY BENCHMARK DATA FROM THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES (CCCU) IN ESTABLISHING THE SALARIES OF THE PRESIDENT AND OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 BLUEFIELD UNIVERSITY DOES NOT ROUTINELY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. INQUIRIES FROM THE PUBLIC FOR THESE DOCUMENTS ARE REVIEWED ON A CASE-BY-CASE BASIS BY THE UNIVERSITY'S LEADERSHIP TEAM TO ENSURE THAT THEY ARE RELEASED ONLY TO SATISFY LEGITIMATE REQUESTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS -595,825. FORM 990, PART XII, LINE2C: THE FINANCE COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.