2021-05-10T21:31:14-07:00 2020-06-30 990 2019-07-01 540525605 SHENANDOAH UNIVERSITY SHEN 5406654500 1460 University Drive Winchester VA 22601 Tracy Fitzsimmons President 5406654500 2021-05-11 2019 2022-09-23 18:48:47Z Tracy Fitzsimmons - President 1460 University Drive Winchester VA 22601 134911464 0 X www.su.edu X 1875 VA Shenandoah University educates and inspires individuals to be critical, reflective thinkers; lifelong learners; and ethical, compassionate citizens who are committed to making responsible contributions within a community, a nation and the world. A Shenandoah University education incorporates scholarship, experiential learning and sophisticated technologies as well as practical wisdom. The University provides students with the academic content and analytical skills they will need to launch successful careers, and harness technologies that will enable them to create new ideas, products and services that impact a global society. 37 32 2879 300 231798 231798 7868577 6777962 116650207 119018809 1882534 2496348 153136 109318 126554454 128402437 26112165 26870330 0 0 63756282 66038183 0 0 2048042 38770195 37122562 128638642 130031075 -2084188 -1628638 263243280 263006503 107883676 116434627 155359604 146571876 Shenandoah University educates and inspires individuals to be critical, reflective thinkers, lifelong learners, and ethical, compassionate citizens who are committed to making responsible contributions within a community, a nation and the world. The University offers over 40 undergraduate degrees, over 20 graduate degrees, and undergraduate and graduate certificates through its seven schools of study. The University is affiliated with the United Methodist Church and fosters a nurturing environment in which students learn, grow, and flourish. 0 0 82662231 26870330 108036678 During the fiscal year 2019-2020 Shenandoah University continued its focus on excellence and innovation with enrollment of 4,412 students in graduate and undergraduate programs in (Fall/Spring 2019/2020) through its seven schools and more than 100 programs of study. 13577646 0 856566 Student Services includes admissions, registrar, student affairs, student organizations, and athletic programs. During fiscal year 2019-2020, Shenandoah University had 124 recognized student clubs and organizations. Shenandoah University sponsored 21 intercollegiate teams (11 for women and 10 for men), with a total student-athlete involvement of approximately 494. Intercollegiate athletics are an integral aspect of student life on the Shenandoah University campus, with the majority of students involved either as participants or spectators. 7413847 0 8868293 Auxiliary services includes the University's residence halls, bookstore, and childcare facilities. During fiscal year 2019-2020 Shenandoah housed approximately 1,017 students on campus. 8232496 0 1257272 Shenandoah University's other program services not detailed in Part III include the maintenance of Shenandoah University's campuses. 8232496 0 1257272 111886220 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 1 5345 0 1 2879 1 1 1 0 0 0 0 1 1 0 1 1 0 0 0 X 37 32 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Tracy Fitzsimmons - President 5406654505 1460 University Drive Winchester VA 22601 Tracy Fitzsimmons President and Registered Agent 40.00 0 X 411344 0 82863 Robert DiCenzo Dean - Pharmacy School 40 0 X 216552 0 34901 Mitchell L Moore Senior VP and VP for Advancement 40.00 0 X 196485 0 53335 Adrienne G Bloss Provost 40.00 0 X 197845 0 49309 Robert L Keasler Jr VP for Admin & Finance 40.00 0 X 221971 0 24438 Arthur Harralson Associate Dean of Research - Pharmacy 40 0 X 172001 0 40649 Michael Stepniak Dean - Conservatory 40 0 X 183953 0 25407 John O'Conor Professor - Keyboard 40 0 X 158459 0 36311 Timothy Bloom Assoc Professor - Biopharmaceutical Sciences 40 0 X 148028 0 37864 Kathleen LaSala Dean - School of Nursing 40 0 X 152637 0 30894 Philip Evans General Counsel 40 0 X 139676 0 37584 Jeff Coker Dean - College of Arts & Sciences 40 0 X 138160 0 32724 Yolanda Gibson VP of Student Success 40.00 0 X 132292 0 27404 Michelle Gamber Director of Graduate Public Health 40 0 X 139752 0 19344 Reverend Dr Rhonda VanDyke VP for Student Life 40.00 0 X 129196 0 23996 Yvonne Chen Assoc. Dean of Global Initiatives, School of Business 40 0 X 134119 0 9929 Scott Spriggs VP for Recruitment and Chief Creative Officer 40.00 0 X 127972 0 11766 Clarresa M Morton Former VP for Enrollment & Student Success 40 0 X X 87391 0 18092 Walter H Aikens Trustee 0 0 X 0 0 0 David B Baxa Trustee 0 0 X 0 0 0 J Gregory Bennett Trustee 0 0 X 0 0 0 Teresa A Cluss Trustee 0 0 X 0 0 0 Kyle Feldman Trustee 0 0 X 0 0 0 Robert J Frogale Chair 0 0 X 0 0 0 Mary Bruce Glaize Trustee 0 0 X 0 0 0 Reverend Dr Victor Gomez Trustee 0 0 X 0 0 0 Frederick P Helm Trustee 0 0 X 0 0 0 Susan W Helsley Trustee 0 0 X 0 0 0 L Janell Hoffman Secretary 0 0 X 0 0 0 Bruce E Hunter Trustee 0 0 X 0 0 0 James U Imoh Trustee 0 0 X 0 0 0 Diane S Kearns Trustee 0 0 X 0 0 0 Marjorie S Lewis Trustee 0 0 X 0 0 0 Keith A May Trustee 0 0 X 0 0 0 Spencer McAndrews Trustee 0 0 X 0 0 0 Scott F Miller Trustee 0 0 X 0 0 0 J Randall Minchew Trustee 0 0 X 0 0 0 M Yaqub Mirza Trustee 0 0 X 0 0 0 Nicholas J Nerangis Sr Trustee 0 0 X 0 0 0 Mark J Ohrstrom Trustee 0 0 X 0 0 0 Debra S Orbacz Trustee 0 0 X 0 0 0 Bipin B Patel Trustee 0 0 X 0 0 0 W Michael Perry Vice Chair 0 0 X 0 0 0 Lauren Peterson Trustee 0 0 X 0 0 0 Cecil Pruitt Jr Trustee 0 0 X 0 0 0 Mary Farland Shockey Trustee 0 0 X 0 0 0 Harry S Smith Treasurer 0 0 X 0 0 0 John D Stokely Jr Past Chair 0 0 X 0 0 0 James A Stutzman Jr Trustee 0 0 X 0 0 0 Reverend Dr Steve Summers Trustee 0 0 X 0 0 0 Charles A Veatch Trustee 0 0 X 0 0 0 James R Wilkins Jr Trustee 0 0 X 0 0 0 Heather H Wilson Trustee 0 0 X 0 0 0 Irene R Wurtzel Trustee 0 0 X 0 0 0 3087833 0 596810 96 1 1 0 Howard Shockey & Sons Inc PO Box 2530 Winchester VA 22604 Construction 5321084 Sodexo Campus Services PO Box 360170 Pittsburgh PA 15251 Food Service 3261769 OakCrest Builders Inc 126 N Kent St Winchester VA 22601 Construction 2071884 Ellucian Company LP 2003 Edmund Halley Dr Suite 500 Reston VA 20191 Software Contractor 399413 Power Concepts Inc 290 Airport Rd Suite 6 Winchester VA 22602 Electrical Contractor 384768 33 0 0 1341 0 2052678 4723943 404638 6777962 Tuition and Fees 611310 108036678 108036678 0 0 Auxiliary Services 900099 8868294 0 229298 8638996 University Campuses 900099 1257272 0 2500 1254772 Ticket Sales 900099 271720 0 0 271720 Student Service Commissions 900099 584845 0 0 584845 0 0 0 0 119018809 1496736 0 0 1496736 0 0 0 0 77715 77715 0 0 0 0 0 0 0 0 0 0 0 0 7470870 0 6471258 0 999612 0 999612 0 0 999612 69372 1341 37769 31603 0 31603 0 0 0 0 0 0 0 0 0 0 0 0 0 128402437 108114393 231798 13278284 0 0 26870330 26870330 0 0 0 0 2598069 1440456 752538 405075 0 0 0 0 50308677 43432162 5886131 990384 2827957 2424006 367183 36768 6716399 4380436 2221401 114562 3587081 3101387 396318 89376 0 0 0 0 124355 7674 116681 0 126136 0 126136 0 3270 0 3270 0 0 0 0 0 0 0 0 0 0 0 261209 87709 171920 1580 3581009 3185749 311663 83597 0 0 0 0 0 0 0 0 6969192 6285596 628681 54915 1996576 1870257 77403 48916 0 0 0 0 0 0 0 0 2690345 2559858 130487 0 0 0 0 9212143 8234400 977743 0 822273 285304 536969 0 Meals/Room Charge 3252615 3122982 103867 25766 Contract Services & Honorariums 3200515 2668005 465708 66802 Memberships, licenses and fees 1090661 770846 251793 68022 Software & technology licenses and fees 982793 208188 742657 31948 2809470 950875 1828264 30331 130031075 111886220 16096813 2048042 2800 2600 12405529 11661985 2425406 1516034 1526013 1512037 0 0 0 0 3407579 3190931 0 0 2076617 2185096 269545346 96500696 172226763 173044650 55942538 57248536 11133475 10472724 1000905 1005326 0 0 1095655 1166584 263243280 263006503 7831819 8681508 2793806 2781519 1772272 1825498 85995061 83989365 0 0 0 0 5812198 6988772 0 0 3678520 12167965 107883676 116434627 X 94991074 87466606 60368530 59105270 155359604 146571876 263243280 263006503 X -1628638 -64893 0 0 0 -7094197 X 0 1 X 1 1 1 X 12867499 6071518 6896915 7868577 6777962 40482471 0 0 0 0 0 0 0 0 0 0 0 0 12867499 6071518 6896915 7868577 6777962 40482471 6774952 33707519 1809244 1743194 1818214 1932918 1574451 8878021 528 -33786 -50942 -22426 -60397 -167023 75219 31087 65787 22138 69372 263603 49457072 577188657 0.68155 0.64586 X Schedule A, Part II, Line 10 The amount includes income from a variety of fundraising events held throughout the year. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3270 3270 0 Schedule C, Part II-B, Line 1 Shenandoah University is a dues paying member of the Council of Independent Colleges in Virginia. The Council of Independent Colleges in Virginia operates as a nonprofit, 501(c)(6) organization representing 28 accredited nonprofit independent colleges and universities in Virginia. They work collaboratively in the areas of public policy, cost containment, and professional development as well as providing support to member institutions and their students in the areas of government relations, collaboration, research, and public relations. In the course of their activities for this year, they calculated the actual percentage of membership dues that was used for lobbying was 7.9%. 0 506534 0 0 X X 0 68133756 918502 2599734 1543674 1452270 208034 68448014 66182279 2588297 2825448 1656896 1626793 178581 68133754 63422495 1241340 4984499 1569787 1728539 167729 66182279 60320841 951217 5669888 1559165 1799413 160873 63422495 63021010 848014 -118312 1505818 1748556 175497 60320841 0.2 0.39 0.41 1 0 3145000 10763428 13908428 0 189102599 50171341 138931258 0 3142049 1034434 2107615 0 40460089 32315848 8144241 0 22932181 12979073 9953108 173044650 0 Beneficial Trusts 211599 Obligation under interest rate swap agreements 10497708 Non-Current Deferred rent 1345150 Current portion of deferred rent 113508 12167965 X 121281116 -64893 0 0 -7056428 -7121321 128402437 0 0 0 128402437 130068844 0 0 0 37769 37769 130031075 0 0 0 130031075 Schedule D, Part III, Line 4 The collections of Shenandoah University include paintings, drawings, prints, photographs, sculptures, historical items and decorative arts. These items are on display throughout the University and for public exhibition. Schedule D, Part V, Line 4 The University has adopted investment and spending policies for the endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the University must hold in perpetuity for a donor-specified period(s) as well as board-designated funds. The objective of the endowment portfolio of the University is to achieve maximum total return consistent with assuming a reasonable degree of risk. Schedule D, Part X, Line 2 The Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes. Management evaluated the University's tax positions and concluded that the University had taken no uncertain tax positions that require adjustments to the financial statements to comply with the provision of this guidance. With few exceptions, the University is no longer subject to income tax examinations by the US Federal, state or local tax authorities for tax years before 2016. Schedule D, Part XI, Line 2d This amount includes direct fundraising expenses netted against income in Part VIII, line 8b, as well as unrealized loss on SWAP Agreements reported on Part XI, Line 9 Schedule D, Part XII, Line 2d Fundraising direct expenses are netted against revenues on Part VIII, Line 8b. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Shenandoah University includes a racially nondiscriminatory policy with all of its brochures and publications and also publishes on its school website as well as a local newspaper. Schedule E, Part I, Line 6 Shenandoah University received contributions from various government agencies in the amount of $2,052,678 as indicated on Form 990, Part VIII, line 1e. Central America and the Caribbean 0 0 Program Services Educational travel 56000 Sub-Saharan Africa 0 0 Program Services Educational travel 37000 Middle East and North Africa 0 0 Program Services Educational travel 36000 East Asia and the Pacific 0 0 Program Services Educational travel 21000 Europe (including Iceland and Greenland) 0 0 Program Services Educational travel 8000 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Educational travel, speaking engagement 2000 0 0 160000 0 0 0 0 0 0 Physical Therapy Fundraiser 68208 841 67367 0 545 500 7736 0 28987 0 0 68208 841 67367 0 545 500 7736 0 28987 37768 29599 1 Academic Scholarships 2587 18536856 0 Based on academic achievement Undergraduate and Graduate Need-Based Scholarships 1454 4597139 0 Determination based on financial need Graduate and Undergraduate 227 2357705 0 Based on criteria of defined scholarship Graduate Fellowships 300 1135393 0 Enrollment in an eligible graduate program Federal Grants 470 229916 0 Based on criteria of grant Awards/Grants 109 13322 0 Criteria of award or grant Schedule I, Part I, Line 2 The process of packaging financial aid is the culmination of the complete analysis of student need and the aid administration cycle, the process of preparation for packaging is completed accurately and confidentially to ensure effective use of all aid funds available, as well as fair and equitable treatment to all applicants. X X 1 1 X 0 0 0 0 0 0 0 0 0 Tracy Fitzsimmons President and Registered Agent 377991 0 0 0 33353 0 50839 0 32024 0 494207 0 0 0 Adrienne G Bloss Provost 179605 0 0 0 18240 0 21935 0 27374 0 247154 0 0 0 Mitchell L Moore Senior VP and VP for Advancement 161387 0 0 0 35098 0 23310 0 30024 0 249819 0 0 0 Reverend Dr Rhonda VanDyke VP for Student Life 84352 0 0 0 44844 0 11862 0 12134 0 153192 0 0 0 Robert L Keasler Jr VP for Admin & Finance 177987 0 0 0 43984 0 15314 0 9124 0 246409 0 0 0 Yolanda Gibson VP of Student Success 126022 0 0 0 6270 0 0 0 27404 0 159696 0 0 0 Scott Spriggs VP for Recruitment and Chief Creative Officer 121469 0 0 0 6503 0 0 0 11766 0 139738 0 0 0 Robert DiCenzo Dean - Pharmacy School 190003 0 0 0 26549 0 17714 0 17186 0 251452 0 0 0 Michael Stepniak Dean - Conservatory 173438 0 0 0 10515 0 14772 0 10634 0 209359 0 0 0 Arthur Harralson Associate Dean of Research - Pharmacy 153491 0 0 0 18510 0 13275 0 27374 0 212650 0 0 0 John O'Conor Professor - Keyboard 125646 0 0 0 32812 0 12430 0 23880 0 194768 0 0 0 Timothy Bloom Assoc Professor - Biopharmaceutical Sciences 138267 0 0 0 9760 0 12740 0 25124 0 185891 0 0 0 Michelle Gamber Director of Graduate Public Health 131855 0 0 0 7898 0 8710 0 10634 0 159097 0 0 0 Philip Evans General Counsel 112823 0 0 0 26853 0 11973 0 25610 0 177259 0 0 0 Jeff Coker Dean - College of Arts & Sciences 129785 0 0 0 8375 0 11799 0 20924 0 170883 0 0 0 Yvonne Chen Assoc. Dean of Global Initiatives, School of Business 114686 0 0 0 19433 0 9615 0 314 0 144048 0 0 0 Clarresa M Morton Former VP for Enrollment & Student Success 80858 0 0 0 6534 0 13477 0 4614 0 105483 0 0 0 Kathleen LaSala Dean - School of Nursing 137049 0 0 0 15588 0 12520 0 18374 0 183531 0 0 0 Schedule J, Part I, Line 1a The University provides a housing allowance, car or mileage allowance, and social club dues to officers and key employees. The amount provided is included in their taxable wages. A Virginia College Building Authority 541249154 2011-12-09 36455000 Education Facilities 0 0 0 B IDA of Clarke County Virginia 541070553 2011-12-27 7815000 Educational Facilities 0 0 0 C EDA of the Town of Mount Jackson Virginia 542053914 2012-12-28 10000000 Education Facilities 0 0 0 D EDA of the Town of Mount Jackson Virginia 542053914 2013-04-23 6000000 Education Facilities 0 0 0 A 12850000 0 36455000 0 7015 0 384543 0 70952 0 0 0 2011 1 0 1 1 B 0 0 7815000 0 0 5032001 82073 0 0 2700926 0 0 2013 1 0 1 1 C 637500 0 10000000 0 1964 0 115620 0 0 9884380 0 0 2013 0 0 1 1 D 382500 0 6000000 0 1179 0 56716 0 0 5943284 0 0 2015 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Branch Banking & Trust 10.25 0 0 0 0 1 B 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 C 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 D 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 A 1 B 1 C 1 D 1 A EDA of the Town of Mount Jackson Virginia 542053914 2015-12-22 10000000 Education Facilities 0 0 0 B EDA of the Town of Mount Jackson Virginia 542053914 2016-01-22 10000000 Education Facilities 0 0 0 C EDA of the Town of Mount Jackson Virginia 542053914 2017-06-28 10000000 Education Facilities 0 0 0 D EDA of the Town of Woodstock Virginia 593823830 2017-07-20 10000000 Education Facilities 0 0 0 A 640000 0 10000000 0 2002 0 174621 0 0 9825379 0 0 2018 0 0 0 1 B 640000 0 10000000 0 2002 0 133793 0 0 9866207 0 0 2018 0 0 0 1 C 70000 0 10000000 0 2054 0 151892 0 0 9848108 0 0 2017 0 0 0 1 D 70000 0 10000000 0 71326 0 151707 0 0 9848293 0 0 2019 0 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 B 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 C 0 0 1 0 1 1 Branch Banking & Ttrust 10.5 0 0 0 0 1 D 0 0 1 0 1 1 Branch Banking & Trust 10.5 0 0 0 0 1 A 1 B 1 C 1 D 1 Howard Shockey and Sons Inc Officer serves as trustee 5321084 Construction 0 OakCrest Builders Inc Officer serves as trustee 2071884 Construction 0 Ash Mill LLC Owner serves as trustee 1269429 Facility lease 0 Mark A Turner Family member of trustee 62871 Compensation 0 X 200 FMV X 14 375012 FMV X Program Support 15 29426 FMV 0 0 1 0 Form 990, Part VI, Section B, Line 11b Each trustee receives a copy of the Form 990 for review prior to the filing deadline. Form 990, Part VI, Section B, Line 12c All key employees and trustees are asked to review the conflict of interest policy and complete a conflict of interest questionnaire annually. Form 990, Part VI, Section B, Line 15 A committee uses compensation reviews and benchmarks to recommend the president's salary to the board. The Board approves the president's salary each year. The president approves the salaries of the officers and key employees, which the board approves when passing the budget. Form 990, Part VI, Section C, Line 18 Form 990 is available to the public via Guidestar. Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part XI, Line 9 Unrealized loss on SWAP agreements of $7,094,198.