2022-04-28T11:18:42-07:00 2021-06-30 990 2020-07-01 540505906 HAMPDEN-SYDNEY COLLEGE HAMP 4342236216 College Road Hampden Sydney VA 23943 Paul Copeland VP for Business Affairs & Finance 4342236216 2022-04-28 1 11 1 AAL2 2020 2022-09-23 18:48:47Z John Lawrence Stimpert College Road Hampden Sydney VA 23943 122282708 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 33 825 880 33974 0 24812744 28622557 57729240 54378661 35475865 19042824 828120 664838 118845969 102708880 26928017 26593148 0 0 29986413 28459795 0 0 2151892 22422563 22259593 79336993 77312536 39508976 25396344 332900116 420390669 40251102 55577714 292649014 364812955 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 65792939 26593148 53764685 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 65792939 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 1 0 0 0 1 0 0 0 0 1 1239 0 1 825 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 359629 0 76560 Heather L Krajewski Vice President for College Advancement 50 0 X 245821 0 58176 Jeffery Norris Vice President for Enrollment 50 0 X 188214 0 86618 Paul K Copeland Jr Vice President for Business Affairs 50 0 X 172081 0 28764 Walter C McDermott III Dean of Faculty/Professor 50 0 X 174174 0 17010 Justin P Isaacs Elliott Professor 50 0 X 129293 0 53310 Robert P Sabbatini Dean of Students 50 0 X 127867 0 45188 Kenneth N Townsend Professor 50 0 X 136439 0 24828 Gregory M Dempster Elliott Professor 50 0 X 144706 0 13405 John Prengaman Director of Physical Plant 50 0 X 120449 0 15968 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 X 0 0 0 Charles L Cabell Trustee 3 X 0 0 0 Robert K Citrone Trustee 3 X 0 0 0 John E Corey 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 G Macfarlane III Trustee 3 X X 0 0 0 John E Mansfield Jr Trustee 3 X 0 0 0 Thomas L Melton Trustee 3 X 0 0 0 W Sheppard Miller III Trustee 3 X 0 0 0 Bartow Morgan Jr Trustee 3 X 0 0 0 Erik K Morgan Trustee 3 X 0 0 0 Jon a Pace Trustee 3 X 0 0 0 Beth Rilee-Kelley Trustee 3 X 0 0 0 Frank W Roach Trustee 3 X 0 0 0 Rodney P Ruffin Trustee 3 X 0 0 0 John C Sifford Trustee 3 X X 0 0 0 Warren M Thompson Trustee 3 X 0 0 0 James C Wheat III Trustee 3 X 0 0 0 Linda Whitley-Taylor Trustee 3 X 0 0 0 Mark T Wright Trustee 3 X 0 0 0 1798673 0 419827 26 0 1 0 W M Jordan Company Inc 11010 Jefferson Avenue Newport News VA 23601 Construction 13718159 Thompson Hospitality Services 1741 Business Center Drive Suite 200 Reston VA 20190 Food Service 4783820 Trane US Inc P O Box 406469 Atlanta GA 303846469 HVAC Contracting 3671176 Hanbury Evans Wright Vlattas PO Box 3518 Norfolk VA 23514 Architect 2509091 WCW Earthworks LLC PO Box 287 Farmville VA 23901 Construction 1089325 16 4845116 23777441 807942 28622557 Gross Tuition and Fees 611310 41750923 41750923 0 0 Auxiliary Enterprises 611710 12627738 12627738 0 0 0 0 0 0 54378661 126623 0 0 126623 0 0 0 0 0 0 0 0 0 0 38161114 328915 18000073 1573755 20161041 -1244840 18916201 -1244840 0 20161041 Other Activities 900099 664838 630864 33974 0 0 0 0 0 664838 102708880 53764685 33974 20287664 0 0 26570303 26570303 22845 22845 0 0 1177726 0 1177726 0 0 0 0 0 20499271 16355670 2777138 1366463 1620411 1147799 363849 108763 3642362 2580025 817859 244478 1520025 1076693 341307 102025 0 0 0 0 145035 10185 134850 0 101245 0 101245 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2296306 1864157 332615 99534 800120 593035 128005 79080 0 0 0 0 2052659 942673 1109986 0 458734 352747 46862 59125 0 0 0 0 0 0 0 0 905870 905870 0 0 0 0 0 0 4412506 4412506 0 0 506327 173722 332605 0 General 3796451 2981746 749672 65033 Consultants 497354 479943 11411 6000 Contract Services 6286986 5323020 942575 21391 0 0 0 0 77312536 65792939 9367705 2151892 6211669 12573898 4484254 10767999 1623579 2616031 477177 477177 4597353 4263155 1142174 1249700 1038881 305858 214548862 84335068 110283421 130213794 4808531 5738169 198233077 252184888 332900116 420390669 11439042 13008370 2752444 17811965 120556 147303 25241825 23990313 697235 619763 0 0 40251102 55577714 X 91518267 87655683 201130747 277157272 292649014 364812955 332900116 420390669 25396344 46767597 0 0 0 0 X 0 1 X 1 1 1 X 9245699 16217167 11299522 21176252 23777441 81716081 0 0 0 0 0 0 0 0 0 0 0 0 9245699 16217167 11299522 21176252 23777441 81716081 18952567 62763514 67937 107448 252456 587491 126623 1141955 28096 41931 37029 37571 33974 178601 874579 2099769 754652 828120 630864 5187984 88224621 202900460 0.71141 0.69356 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 1977 1977 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 (19,708) that was used for lobbying during FY20/21 membership was 10.03%. 193641014 10301109 64980837 0 10879480 0 258043480 183150362 15911026 7549229 0 12969603 0 193641014 173908401 6417594 8615825 0 5791458 0 183150362 160510518 6654236 13171103 0 6427456 0 173908401 146405267 4415342 16667858 0 6977949 0 160510518 0.05 0.45 0.5 1 0 0 3117019 3117019 0 180857188 58477718 122379470 0 12488144 10361717 2126427 0 18086511 15495633 2590878 0 0 0 0 130213794 Other 1470140 F Real Estate 4520000 F Alternative Investments 235124834 F Certificates of Deposit 50000 F Beneficial Interest in Trusts 8519636 F Government Obligations 2500278 F 252184888 0 0 X 122883329 46767597 0 0 -26593148 20174449 102708880 0 0 0 102708880 50719388 0 0 0 0 0 50719388 0 26593148 26593148 77312536 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 $6,897,368 for the 2020-2021 year. This included Pell Grants, subsidized and unsubsidized SSL, parent loans, and others. Students at Hampden-Sydney College received state financial aid totaling $2,276,724 for the 2020-2021 year. Most of this was from TAGP. Financial Aid Europe (including Iceland and Greenland) 1 22845 Student Account 0 1 0 0 0 0 0 1 Grants and Scholarships 873 26593148 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 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 359629 0 0 0 0 0 26190 0 50370 0 436189 0 0 0 Heather L Krajewski Vice President for College Advancement 245821 0 0 0 0 0 22572 0 35604 0 303997 0 0 0 Jeffery Norris Vice President for Enrollment 188214 0 0 0 0 0 18090 0 68528 0 274832 0 0 0 Paul K Copeland Jr Vice President for Business Affairs 172081 0 0 0 0 0 17064 0 11700 0 200845 0 0 0 Walter C McDermott III Dean of Faculty/Professor 174174 0 0 0 0 0 16146 0 864 0 191184 0 0 0 Gregory M Dempster Elliott Professor 144706 0 0 0 0 0 12542 0 864 0 158112 0 0 0 Kenneth N Townsend Professor 136439 0 0 0 0 0 12931 0 11897 0 161267 0 0 0 Justin P Isaacs Elliott Professor 129293 0 0 0 0 0 10646 0 42663 0 182602 0 0 0 Robert P Sabbatini Dean of Students 127867 0 0 0 0 0 12393 0 32795 0 173055 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 of Town of Farmvlle VA 546001272 311617aa2 2003-03-06 6000000 Construction and renovating buildings 0 0 0 B IDA of Town of Farmville VA 546001272 2004-07-15 1210000 Renovating and equipping Graham Hall 0 0 0 C IDA of Prince Edward County 541245781 2005-11-10 10000000 Constructing and equipping of a library facility 0 0 0 D IDA Educational Facilities Rev Bonds 2018 541245781 2018-12-19 15000000 Construction and renovating buildings 0 0 0 A 0 0 6000000 0 0 0 112500 0 0 0 5887500 0 2005 0 0 1 1 B 0 0 1210000 0 0 0 24000 0 0 0 1186000 0 2006 0 0 1 1 C 0 0 10000000 0 0 0 35000 0 0 0 9965000 0 2006 0 0 1 1 D 0 0 15897709 0 0 0 170900 0 0 0 15726809 0 2020 0 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 D 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 C 0 0 0 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 D 0 Schedule K, Part I, Column f-03/06/2003 6,000,000 IDA of Town of Farmvlle VA Constructing and renovating buildings and installing underground power lines. Schedule K, Part I, Column f-07/15/2004 1,210,000 IDA of Town of Farmville VA Renovating and equipping Graham Hall. Schedule K, Part I, Column f-11/10/2005 10,000,000 IDA of Prince Edward County Constructing, equipping, and developing a library facility. 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 IV, Line 2c-03/06/2003 6,000,000 IDA of Town of Farmvlle VA Rebate computation was performed on March 6, 2003. Schedule K, Part IV, Line 2c-07/15/2004 1,210,000 IDA of Town of Farmville VA Rebate computation was performed July 1, 2009. Schedule K, Part IV, Line 2c-11/10/2005 10,000,000 IDA of Prince Edward County Rebate computation was performed June 23, 2010. 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. Christopher B Howard Former President Split Dollar Insurance X 333010 477177 0 1 1 477177 Patricia Townsend Spouse of Kenneth Townsend 38210 Compensation as HSC employee 0 X 130 807942 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 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