2022-04-08T09:41:50-05:00 2021-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DRIVE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2020-07-01 540506306 BRIDGEWATER COLLEGE BRID 5408285487 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 STEVE BRIGHT VP FOR FINANCE & TREASURER 5408288113 2022-03-21 1 STEVE BRIGHT 999009999 MARK WOOLWINE P00647446 5404433606 2022-03-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID W BUSHMAN 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 99150557 0 X WWW.BRIDGEWATER.EDU X 1880 VA BRIDGEWATER COLLEGE IS A PRIVATE, COEDUCATIONAL, RESIDENTIAL, LIBERAL ARTS COLLEGE OF APPROXIMATELY 1900 STUDENTS 29 28 884 180 66182 36748 5746866 17711995 76910359 68756486 2970259 10872513 990787 899486 86618271 98240480 42085879 40287157 0 0 24964932 18583737 0 0 1308033 25869922 30150809 92920733 89021703 -6302462 9218777 220158848 251135673 70615019 70987344 149543829 180148329 X BRIDGEWATER COLLEGE EDUCATES THE WHOLE PERSON BY PROVIDING A CHALLENGING AND SUPPORTIVE LEARNING COMMUNITY THAT FOSTERS THE GROWTH OF ITS STUDENTS AND EMPOWERS AND MOTIVATES THEM TO LIVE EDUCATED, INTELLIGENT, HEALTHY, PURPOSEFUL AND ETHICAL LIVES IN A GLOBAL SOCIETY. THE COLLEGE EMBRACES THE CORE VALUES OF INTEGRITY, EQUALITY, SERVICE AND COMMUNITY, WHICH HAVE BEEN INSPIRED BY ITS HISTORY WITH THE CHURCH OF THE BRETHREN. THE COLLEGE IS A WELCOMING, DIVERSE AND VIBRANT COMMUNITY, COMMITTED TO UNDERSTANDING AND RESPECTING INDIVIDUAL DIFFERENCES AND ACTIVELY ENGAGING ALL OF ITS MEMBERS. 0 0 55902541 40287157 57999111 LOCATED ONLY TWO HOURS SOUTHWEST OF THE WASHINGTON, D.C., METRO AREA, BRIDGEWATER COLLEGE HAS A TOTAL ENROLLMENT OF APPROXIMATELY 1,500 STUDENTS AND OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN MORE THAN 60 MAJORS AND MINORS, ALONG WITH PRE-PROFESSIONAL PROGRAMS SUCH AS MEDICINE AND LAW AND TEACHER LICENSURE. THE COLLEGE ALSO OFFERS MASTERS DEGREE PROGRAMS IN ATHLETIC TRAINING, DIGITAL MEDIA STRATEGY, PSYCHOLOGY, AND HUMAN RESOURCE MANAGEMENT. GROUNDED IN LIBERAL ARTS, STUDENTS AT BRIDGEWATER COLLEGE LEARN ABOUT A VARIETY OF DISCIPLINES, ENABLING THEM TO BECOME ARTICULATE, ANALYTICAL AND ASSERTIVE. THEY ARE CHALLENGED BY RIGOROUS ACADEMICS IN A CLOSE-KNIT COMMUNITY AND COLLABORATE WITH FACULTY TO CREATE PERSONALIZED AND UNIQUE LEARNING EXPERIENCES. 8044643 11472650 THE RESIDENTIAL CAMPUS IS LOCATED IN THE BEAUTIFUL SHENANDOAH VALLEY OF VIRGINIA. ON-CAMPUS HOUSING FEATURES SEVEN DORMITORIES, SHARED HOUSES KNOWN AS THE COTTAGES, APARTMENT-STYLE LIVING IN THE WAMPLER TOWERS, AND THE STONE VILLAGE HOUSING COMMUNITY. DINING OPTIONS INCLUDE THE MAIN DINING HALL IN THE KLINE CAMPUS CENTER AND SMITTY'S CAFE IN THE FORRER LEARNING COMMONS. 10849001 WITH MORE THAN 80 SOCIAL, CULTURAL, RELIGIOUS, AND ACADEMIC CLUBS AND ORGANIZATIONS, THERE'S ALWAYS SOMETHING HAPPENING ON CAMPUS. NEARLY A THIRD OF THE STUDENT BODY PARTICIPATES IN ONE OF THE 23 INTERCOLLEGIATE SPORTS BRIDGEWATER OFFERS AT THE NCAA DIVISION III LEVEL. STUDENTS ALSO HAVE THE OPPORTUNITY TO BENEFIT FROM THE BRIDGEWATER COLLEGE EQUESTRIAN CENTER IN WEYERS CAVE,VA., FOR RIDING LESSONS AND THE EQUESTRIAN TEAM; FITNESS OPPORTUNITIES THROUGH THE FUNKHOUSER CENTER FOR HEALTH AND WELLNESS; AN ARRAY OF INTRAMURAL SPORTS AND AN OUTDOOR PROGRAM; MUSICAL ENSEMBLES SUCH AS THE CONCERT CHOIR, CHORALE, SYMPHONIC BAND AND JAZZ ENSEMBLE; AND A RENOWNED ENDOWED LECTURE, LYCEUM AND CONVOCATION SERIES, WHICH BRINGS SPEAKERS AND ARTISTS FROM ACROSS THE COUNTRY TO THE COLLEGE. 6896203 14877 ACADEMIC SUPPORT AREAS AT BRIDGEWATER COLLEGE INCLUDE THE ACADEMIC ADVISING CENTER, FORRER LEARNING COMMONS, THE WRITING CENTER, THE INFORMATION TECHNOLOGY CENTER, THE OFFICE OF CAREER SERVICES AND THE ACADEMIC SUPPORT CENTER. REVENUES OF $14,877 ARE FOR BOOK COMMISSIONS FROM AN OUTSOURCED ONLINE TEXTBOOK STORE, WHOSE OPERATIONS ARE OTHERWISE DIVORCED FROM BRIDGEWATER COLLEGE'S FINANCIAL STATEMENTS. 6896203 14877 81692388 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 2245 0 1 884 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NH OR X THE ORGANIZATION 5408285487 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 D CORY ADAMSON TRUSTEE 0.50 X 0 0 0 ANDREW B AGEE TRUSTEE 0.50 X 0 0 0 J RUSSELL BRUNER TRUSTEE 0.50 X 0 0 0 D BRUCE CHRISTIAN TRUSTEE 0.50 X 0 0 0 MENSEL D DEAN JR TRUSTEE 0.50 X 0 0 0 MICHAEL D DEL GIUDICE TRUSTEE 0.50 X 0 0 0 WILLIAM S EARHART TRUSTEE 0.50 X 0 0 0 CARL R FIKE TRUSTEE 0.50 X 0 0 0 A WESLEY GRAVES VI TRUSTEE 0.50 X 0 0 0 LAWRENCE M JOHNSON TRUSTEE 0.50 X 0 0 0 MICHAEL K KYLES TRUSTEE 0.50 X 0 0 0 J ALLEN LAYMAN TRUSTEE 0.50 X 0 0 0 NATHAN H MILLER TRUSTEE 0.50 X 0 0 0 PAUL E MUNDEY TRUSTEE 0.50 X 0 0 0 WILFRED E NOLEN TRUSTEE 0.50 X 0 0 0 BONNIE F RHODES TRUSTEE 0.50 X 0 0 0 ROBERT I STOLZMAN VICE CHAIRMAN 0.50 X X 0 0 0 DONNA P WALKER TRUSTEE 0.50 X 0 0 0 JAMES H WALSH CHAIRMAN 0.50 X X 0 0 0 G BENJAMIN WAMPLER SECRETARY 0.50 X X 0 0 0 ASHLEY B SMITH TRUSTEE 0.50 X 0 0 0 JAMES L WILKERSON TRUSTEE 0.50 X 0 0 0 DEWEY M WILLIARD TRUSTEE 0.50 X 0 0 0 KATHY G WRIGHT TRUSTEE 0.50 X 0 0 0 DAVID A YOUNG TRUSTEE 0.50 X 0 0 0 DAVID W BUSHMAN PRESIDENT 40.00 X X 310686 0 19129 HOPE H HICKMAN TRUSTEE 0.50 X 0 0 0 CHERYL M MASCARENHAS TRUSTEE 0.50 X 0 0 0 MARK A SHERMAN TRUSTEE 0.50 X 0 0 0 ANNE B KEELER VP FOR FINANCE & TREASURER 40.00 X 191934 0 13579 ROY W FERGUSON JR VP FOR RISK MANAGEMENT AND COMPLIANCE 40.00 X 195412 0 4706 MAUREEN SILVA VP FOR INSTITUTIONAL ADVAN 40.00 X 209846 0 14950 LEONA SEVICK PROVOST & VP FOR ACADEMIC 40.00 X 176462 0 4971 MICHAEL POST VICE PRESIDENT FOR ENROLLM 40.00 X 205077 0 14849 ROBERT ANDERSEN ASSOC DEAN ACAD AFFAIRS & 40.00 X 118509 0 10974 MICHAEL CLARK HEAD FOOTBALL COACH 40.00 X 117126 0 10949 CAROL SCHEPPARD PROFESSOR OF THE COLLEGE 40.00 X 123463 0 6616 LESLIE FRERE VP FOR STUDENT LIFE/DEAN O 40.00 X 133539 0 14201 KRISTY RHEA DIRECTOR OF INFORMATION TE 40.00 X 113346 0 7388 1895400 0 122312 15 0 1 0 G&H CONTRACTING 1320 SOUTHSIDE DR SALEM VA 24153 BUILDING CONTRACTOR 850568 WHITEBOARD COMMUNICATIONS 37 WEST AVE STE 204 WAYNE PA 19087 ENROLLMENT CONSULTANT 427100 WAM HOLDINGS LLC 8115 HARPINE HIGHWAY LINVILLE VA 22834 BUILDING CONTRACTOR 220084 GENERATE IMPACT 124 NEWMAN AVE 2ND FLOOR HARRISONBURG VA 22801 SOFTWARE AND IT CONSULTANT 213998 LANTZ CONSTRUCTION 539 MAIN ST BROADWAY VA 22815 BUILDING CONTRACTOR 154088 11 7269293 10442702 1079758 17711995 TUITION 611310 57268958 57268958 RESIDENCE HALLS AND FACILITIES 721000 5999158 5999158 DINING SERVICES AND CONFERENCES 722212 5452515 5452515 OTHER PROGRAM SERVICE REVENUE 900099 20978 20978 COLLEGE STORE 453000 14877 14877 68756486 5606375 28434 5577941 89874 21780 44124 0 45750 21780 67530 21780 45750 6132091 780117 85836 5351974 -85836 5266138 -85836 5351974 STUDENT ACTIVITIES AND FEES 900099 589518 589518 OTHER 900099 193826 177858 15968 COPY SERVICES 900099 29050 29050 19562 19562 831956 98240480 69486638 66182 10975665 40287157 40287157 1026455 167212 513718 345525 14282995 11591447 2120545 571003 173457 119897 48883 4677 1708627 934524 707999 66104 1392203 1073799 260404 58000 96528 15449 81079 57110 57110 782138 782138 305512 110865 194647 1258264 677117 478827 102320 1182394 1146287 36107 3417892 1510921 1906971 278095 241450 33825 2820 1691557 1687199 4358 5285047 5093398 191649 460786 120677 340109 COVID-19 RESPONSE 5412306 4797712 614594 OTHER 3895815 3015629 758709 121477 CAFETERIA EXPENSES 2770441 2770441 SEVERANCE AND RETIREMEN 1907814 1259003 648811 1349110 5072204 -3723094 89021703 81692388 6021282 1308033 10203769 13379415 13184705 11207561 4621399 5266928 482868 413675 2967152 2241616 160047590 74933220 89009681 85114370 99066591 127985182 622683 5526926 220158848 251135673 3144367 3217681 6832431 7362838 3318251 3160329 51484805 51667517 5835165 5578979 70615019 70987344 X 50725129 46334694 98818700 133813635 149543829 180148329 220158848 251135673 X 9218777 22999715 -1613992 X 0 1 X 1 1 1 X 9042949 7386655 6319749 5746866 17711996 46208215 9042949 7386655 6319749 5746866 17711996 46208215 46208215 3624857 2573846 2835238 1896729 2718029 13648699 1056605 1483451 811629 924832 831956 5108473 64965387 389172894 0.71130 0.65320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 1 786 0 0 0 786 0 PART II-B, LINE 1: BRIDGEWATER COLLEGE BELONGS TO THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WHICH LOBBIES ON BEHALF OF ALL ITS MEMBER SCHOOLS AND THEIR STUDENTS, ON ISSUES OF IMPORTANCE TO PRIVATE HIGHER EDUCATION. X X 0 91944523 4251863 31313874 3196225 1506848 712006 122095181 95758089 745288 326187 3051914 1260749 572377 91944523 96962916 1013345 2699456 2612454 1661073 644102 95758089 79423605 3652331 8150781 2514307 1190472 567857 96962916 82888519 1832605 12376242 2433876 1155212 610924 89432440 0.01970 0.48530 0.49500 1 0 306368 1695249 2001617 344833 125147415 54898904 70593344 11446350 8144614 3301736 2239903 18867472 11889702 9217673 85114370 TRUST AND ANNUITY OBLIGATIONS 4520182 U.S. GOVERNMENT GRANTS REFUNDABLE 1058797 5578979 X 78556908 22999715 -1613992 21385723 57171185 782138 40287157 41069295 98240480 47952408 0 47952408 782138 40287157 41069295 89021703 PART III, LINE 4: THE R.B. PRITCHETT MUSEUM COLLECTION, FORMERLY THE R. B. PRITCHETT MUSEUM, IS HOUSED IN BRIDGEWATER COLLEGE'S SPECIAL COLLECTIONS AND CONTAINS APPROXIMATELY 7,500 HISTORICAL ARTIFACTS, ARCHIVES, AND RARE BOOKS COLLECTED OVER THE YEAR BY THE PRIMARY DONOR AND OVER 350 ADDITIONAL DONORS. THE COLLECTION SERVES AS A HANDS ON TEACHING TOOL FOR STUDENTS ENTERING THE FIELD OF PUBLIC HISTORY, ACADEMIC HISTORY, ARCHIVAL SCIENCE, LIBRARY SCIENCE, MATERIAL CULTURE STUDIES AND COMMUNICATIONS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND BELIEVES THAT THE COLLEGE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS ALSO EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE COLLEGE HAD NO UNCERTAIN INCOME TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,613,992. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 40,287,157. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 40,287,157. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BRIDGEWATER COLLEGE DRAWS FROM A WIDE GEOGRAPHICAL AREA NOT COVERED BY ONE NEWSPAPER OR BROADCAST MEDIA AS A SOLICITATION FOR STUDENTS. AS REQUIRED BY REVENUE PROCEDURE 75-50, BRIDGEWATER COLLEGE HAS PUBLICIZED ITS RACIALLY NON-DISCRIMINATORY POLICY BY INCLUDING A STATEMENT OF THIS FACT IN ALL PUBLICATIONS AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 BRIDGEWATER COLLEGE RECEIVED FINANCIAL AID IN THE FORM OF PELL GRANTS, SEOG AND PERKINS LOANS WHICH WAS AWARDED TO OUR STUDENTS BASED ON FEDERAL GUIDELINES. THE COLLEGE ALSO RECEIVED TWO GOVERNMENT GRANTS IN FY2020 RELATED TO COVID-19, THE SBA'S PPP LOAN AND THE HEERF I "CARES ACT" MONIES. THE INSTITUTION'S SHARE OF THESE FUNDS RECOGNIZABLE IN FY2020 TOTALED $1.57 MILLION. CENTRAL AMERICAN AND THE CARRIBEAN INVESTMENTS 1136554 EUROPE INVESTMENTS 18096862 AFRICA INVESTMENTS 206840 ASIA INVESTMENTS 15309050 OTHER INVESTMENTS 8071941 0 0 0 0 0 0 42821247 0 42821247 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND DISCOUNTS 1623 40067157 SEOG 337 220000 PART I, LINE 2: THE OFFICE OF FINANCIAL AID ADMINISTERS THE FOLLOWING POLICIES TO ASSURE THAT INSTITUTIONAL GRANTS AND SCHOLARSHIPS ARE USED FOR PROPER PURPOSES: THE AGGREGATE OF INSTITUTIONAL FUNDS THAT AN INDIVIDUAL STUDENT RECEIVES IS RESTRICTED TO AN AMOUNT EQUIVALENT TO TUITION AND FEES; ENROLLMENT IS CONFIRMED EACH SEMESTER PRIOR TO DISBURSEMENT OF INSTITUTIONAL FUNDS; ELIGIBILITY FOR ACADEMIC SCHOLARSHIPS IS LIMITED TO A MAXIMUM OF EIGHT SEMESTERS. RENEWAL GRADE POINT AVERAGE REQUIREMENTS ARE CHECKED AT THE END OF EACH ACADEMIC YEAR; ELIGIBILITY FOR INSTITUTIONAL GENERAL GRANTS REQUIRES A DEMONSTRATION OF NEED, BASED ON SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA); ENDOWED SCHOLARSHIPS HAVE SELECTION CRITERIA SPECIFIC TO EACH FUND AND THE DIRECTOR OF FINANCIAL AID OVERSEES THE SELECTION OF ELIGIBLE STUDENTS; WHEN A STUDENT WITHDRAWS FROM SCHOOL, THE PERCENTAGE ADJUSTMENTS MADE TO INSTITUTIONAL AID ARE THE SAME AS THE PERCENTAGE ADJUSTMENTS MADE TO TUITION AS SPECIFIED IN THE CATALOG. X X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DAVID W BUSHMAN PRESIDENT 310686 0 0 0 0 0 6478 0 12651 0 329815 0 0 0 MAUREEN SILVA VP FOR INSTITUTIONAL ADVAN 209846 0 0 0 0 0 4426 0 10524 0 224796 0 0 0 MICHAEL POST VICE PRESIDENT FOR ENROLLM 205077 0 0 0 0 0 4325 0 10524 0 219926 0 0 0 ANNE B KEELER VP FOR FINANCE & TREASURER 191934 0 0 0 0 0 4049 0 9530 0 205513 0 0 0 ROY W FERGUSON JR VP FOR RISK MANAGEMENT AND COMPLIANC 195412 0 0 0 0 0 4122 0 584 0 200118 0 0 0 LEONA SEVICK PROVOST & VP FOR ACADEMIC 176462 0 0 0 0 0 3723 0 1248 0 181433 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES COMPLETED A PERFORMANCE EVALUATION OF THE PRESIDENT AND APPROVED HIS COMPENSATION. THE COMMITTEE USED PEER SALARY DATA AND PUBLISHED SURVEYS FOR COMPARISONS. THE COMMITTEE ALSO REVIEWED THE COMPENSATION OF KEY EMPLOYEES. A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE TOWN OF BRIDGEWATER VIRGINIA 541381459 000000000 2015-11-03 3783629 PROVIDE FUNDS TO REFUND 2002 & 2006 BONDS 0 0 0 A 558644 3783629 3783629 2015 1 1 1 1 A 0 0 1 1 0 1 0 1 A 0 1 0 1 0 0 0 0 1 A 0 FINANCIAL AID RECIPIENTS FAMILY MEMBERS OF INTERESTED PERSON 66040 DEMOGRAPHIC AND MERIT SCHOLARSHIPS PROVIDE FINANCIAL AID X 31 882308 AVE HIGH/LOW AT TRANSFER X 1 177450 DONOR VALUE X LIVESTOCK 1 20000 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JUDGE STEVEN AGEE AND ANDREW AGEE ARE BROTHERS WHO BOTH HAD VOTING POWER AS OF JUNE 30, 2020. FORM 990, PART VI, SECTION B, LINE 11B SECTION B LINE 11B, THE 990 WAS MADE AVAILABLE ONLINE TO THE ENTIRE BOARD OF TRUSTEES. THE AUDIT COMMITTEE REVIEWED THE FORM AND APPROVED IT FOR FILING SUBJECT TO THE REVIEW BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES COMPLETE THE ANNUAL DISCLOSURE STATEMENT AND ANY DISCLOSURES ARE REVIEWED ACCORDING TO POLICY. THE DIRECTOR OF HUMAN RESOURCES COLLECTS THE ANNUAL DISCLOSURE FORMS FOR EMPLOYEES AND ANY EXCEPTIONS ARE REVIEWED BY THE VICE PRESIDENT FOR FINANCE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES APPROVED THE PRESIDENT'S COMPENSATION. THE COMMITTEE USED PEER SALARY DATA FROM PUBLISHED SURVEYS FOR COMPARISON. THE COMMITTEE ALSO REVIEWED THE COMPENSATION FOR MEMBERS OF THE PRESIDENT'S CABINET. FORM 990, PART VI, SECTION C, LINE 19 BRIDGEWATER COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE COLLEGE'S CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS AVAILABLE ON THE COLLEGE'S WEBSITE IN THE EMPLOYEE HANDBOOK FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT -1,613,992. BRIDGEWATER COLLEGE PROPERTIES LLC 402 EAST COLLEGE STREET BRIDGEWATER VA 22812 540506306 REAL ESTATE VA -31758 BRIDGEWATER COLLEGE