2017-01-30T08:42:39-07:00 2016-06-30 990 2015-07-01 540505945 ROANOKE COLLEGE ROAN 5403752283 221 College Lane Salem VA 241533794 Mark Noftsinger Vice President Business Affairs 5403752283 2017-01-30 2015 2021-01-29 14:40:06Z ROANOKE COLLEGE Mark P Noftsinger Roanoke College Business Affairs 221 College Lane Salem VA 24153 104012201 0 X roanoke.edu X 1842 VA To provide student instruction, scholarships, academic support, student services to its students 32 32 1745 55 0 0 8551081 6722127 94836579 96121116 3110490 1100301 77145 68657 106575295 104012201 37324387 39178488 0 0 36798725 38592312 0 0 3362498 26417184 26773241 100540296 104544041 6034999 -531840 281675676 291559671 60622316 73418774 221053360 218140897 To engage students in their development as whole persons through an integrative learning approach that stresses intellectual, ethical, spiritual and personal growth and prepares our graduates for responsible lives of learning, service and leadership in a diverse and changing world. 0 0 59032106 0 75451959 Student Instruction - undergraduate college education 13212606 0 19866603 Auxiliary Services - dining, residence halls, bookstore operated on campus for student use 8902877 0 0 Student Services - programming for students 3304649 0 0 Other - Research, Public Support and Academic Support 3304649 0 0 84452238 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 146 0 1 1745 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Mark P Noftsinger 5403752283 Roanoke College Business Affairs 221 College Lane Salem VA 241533794 Kenneth J Belton Jr Trustee 1 0 X 0 0 0 Paris D Butler Trustee 1 0 X 0 0 0 Pamela L Cabalka Trustee 1 0 X 0 0 0 Paul M Capp Trustee 1 0 X 0 0 0 Joanne L Cassullo Trustee 1 0 X 0 0 0 W Morgan Churchman Trustee 1.5 0 X 0 0 0 Malon W Courts Trustee 2 0 X 0 0 0 Morris M Cregger Trustee 2.5 0 X 0 0 0 David Guy Trustee 1.5 0 X 0 0 0 Michael Haley Trustee 1.5 0 X 0 0 0 Judith B Hall Trustee 1 0 X 0 0 0 Kathryn Snell Harkness Trustee 2 0 X 0 0 0 Richard S Hathaway Trustee 1 0 X 0 0 0 Peggy Fintel Horn Trustee 1 0 X 0 0 0 Donald J Kerr Trustee 1.5 0 X 0 0 0 John E Lang Trustee 1 0 X 0 0 0 Patrick R Leardo Trustee 2 0 X 0 0 0 Rev James F Mauney Trustee 2 0 X 0 0 0 Nancy B Mulheren Trustee 1 0 X 0 0 0 Diedrich D Oglesbee Jr Trustee 1 0 X 0 0 0 Roger A Petersen Trustee 1.5 0 X 0 0 0 Rev J Christopher Price Trustee 1 0 X 0 0 0 J Tyler Pugh Trustee 1.5 0 X 0 0 0 Rev Theodore F Schneider Trustee 1 0 X 0 0 0 M Lynn Reichenbach Trustee 1 0 X 0 0 0 Andrew K Teeter Trustee 1 0 X 0 0 0 Kirk H Betts Trustee 1 0 X 0 0 0 Joseph H Carpenter Trustee 1 0 X 0 0 0 James Spencer Frantz Jr Trustee 1 0 X 0 0 0 Dr L Diane Parham Trustee 1 0 X 0 0 0 Harry E Trigg III Trustee 1 0 X 0 0 0 Helen T Whittemore Trustee 1 0 X 0 0 0 Michael C Maxey President 40 0 X 290143 0 0 Richard A Smith Vice President for Academic Affairs and Dean 40 0 X 210812 0 0 Connie K Carmack Vice President of Resource Development 40 0 X 193699 0 0 Brenda P Poggendorf Vice President Enrollment 40 0 X 190637 0 0 Mark P Noftsinger Vice President Business Affairs and Treasurer 40 0 X 189919 0 0 Aaron L Fetrow Vice President Student Affairs 40 0 X 158064 0 0 Rebecca F Sandlin Chief Information Officer 40 0 X 143963 0 0 G Michael Pace In House Legal Counsel 40 0 X 192918 0 0 Mary Grace Theodore Assistant Vice President Resource Development 40 0 X 123480 0 0 Lisa J Bowling Assistant Vice President Resource Development 40 0 X 117578 0 0 Ali A Nazemi Professor Business Admin & Economics 40 0 X 113402 0 0 Cathy S Dickerson Director of Human Resources 40 0 X 108446 0 0 2033061 0 0 15 0 1 0 John M Hills 5801 Bayview Drive Ft Lauderdale FL 33308 Consulting 144000 1 0 0 0 0 651759 6070368 0 6722127 Tuition and Student Fees 611310 75451959 75451959 0 0 Dining Services 611710 9974099 9974099 0 0 Residence Halls 611710 9333405 9333405 0 0 Campus Store 611710 559099 559099 0 0 802554 802554 0 0 96121116 1100301 1100301 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68657 68657 0 0 68657 104012201 97290074 0 0 0 39178488 39178488 1422041 578650 452211 391180 27591246 21053958 5187974 1349314 9579025 6340156 2691917 546952 1807721 1620089 150820 36812 1600069 1287143 106656 206270 2275467 1928614 346853 0 3959784 2939019 1020765 0 Auxiliary and Other 14445553 9480791 4132792 831970 Non-Operating Expenses Paid with Prior Yr Funds 2684647 45330 2639317 0 104544041 84452238 16729305 3362498 0 0 23007665 34373109 24121145 20146377 615214 766144 97258 71099 0 0 6268018 6438479 519752 588751 548600 587485 195999090 58333312 123755518 137665778 98083161 86473823 0 0 0 0 0 0 4659345 4448626 281675676 291559671 10431838 9118233 0 0 2607998 2485190 30521282 29345137 0 0 0 0 6443111 19579204 0 1328310 10618087 11562700 60622316 73418774 X 72489386 71203775 79669716 75097956 68894258 71839166 221053360 218140897 281675676 291559671 -531840 -2404890 0 0 24267 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3562 3562 0 Schedule C, Part II-B, Line 1 The College is a member of the Council of Independent Colleges in Virginia (CICV), an association of 28 independent colleges and universities working to promote the interests of non-profit, independent higher education in Virginia. The college pays a membership fee based on student population. For the year ended June 30, 2016, CICV expended approximately 12.21% of membership dues for lobbying activities. The College is a member of the National Association of Independent Colleges and Universities (NAICU), a national association representing private colleges and universities on policy issues on a federal level. The college pays a membership fee based on student population. For the year ended June 30, 2016, NAICU expended approximately 7% of membership dues for lobbying activities. 0 177450 0 0 X X X 0 123095432 3858493 -1219539 2304481 2304282 0 121125623 133040482 1684141 2196826 2181084 11644933 0 123095432 121650992 1490540 13362369 2031225 1432194 0 133040482 116381497 1963981 8278860 2213815 2759531 0 121650992 117995851 1430009 1429143 2046019 2447487 0 116361497 0.18 0.567 0.253 0 0 7284301 5921714 13206015 55857 114956266 39744591 75267532 0 2633016 718291 1914725 0 24854770 17870430 6984340 0 40293166 0 40293166 137665778 0 Contribution Payable 57000 Postretirement Benefit Obligation 6469396 Trust and Annuity Obligations 3270656 U. S. Gov't Grants Refundable 1765648 11562700 X 101607311 -2404890 0 0 0 -2404890 104012201 0 0 0 104012201 104544041 0 0 0 0 0 104544041 0 0 0 104544041 Schedule D, Part III, Line 4 In operating its Permanent Collection, Roanoke College collects, preserves, exhibits, and makes available for study materials of artistic and educational significance for the purpose of increasing knowledge and enriching the cultural life of campus and host community. Schedule D, Part V, Line 4 Roanoke College uses the return on its endowment to fund a variety of educational activities including donor-restricted projects, student scholarships, operations, and capital expenditures. Schedule D, Part X, Line 2 The audit states that "the College is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code." 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Roanoke College's nondiscriminatory policy is posted on its website for prospective and current students, prospective and current employees, and the general public. It is also on all printed materials provided to prospective students and prospective employees, and upon request to the general public. Schedule E, Part I, Line 6 Roanoke College receives financial aid funds from the federal government which are passed-through to individual students in the form of PELL grants, SEOG grants, and federal CWS (College Work Study) grants. 1 Financial aid to students for tuition and fees (applied to student account) 1963 39178488 0 Schedule I, Part I, Line 2 College Financial Aid is administered and awarded for students attending Roanoke College by the college's Financial Aid office using the college's policies and procedures. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 Michael C Maxey President 290143 0 0 0 0 0 25175 0 15986 0 331304 0 0 0 Connie K Carmack Vice President of Resource Development 193699 0 0 0 0 0 18131 0 6493 0 218323 0 0 0 Brenda P Poggendorf Vice President Enrollment 190637 0 0 0 0 0 18782 0 15687 0 225106 0 0 0 Mark P Noftsinger Vice President Business Affairs and Treasurer 189919 0 0 0 0 0 18285 0 10851 0 219055 0 0 0 Richard A Smith Vice President for Academic Affairs and Dean 210812 0 0 0 0 0 20367 0 10965 0 242144 0 0 0 Aaron L Fetrow Vice President Student Affairs 158064 0 0 0 0 0 15160 0 13067 0 186291 0 0 0 Rebecca F Sandlin Chief Information Officer 143963 0 0 0 0 0 14213 0 9530 0 167706 0 0 0 G Michael Pace In House Legal Counsel 192918 0 0 0 0 0 18977 0 15706 0 227601 0 0 0 Schedule J, Part I, Line 1a As a requirement of the position, the President and his family reside in a college-owned house (the value of which is not included as a taxable benefit.) The college provides all maintenance services and two part-time housekeepers to clean the President's residence, both public spaces used for college-sponsored events and the family's personal space. The housekeepers also do laundry, run errands and any other personal service requested by the President and his wife. The college pays for membership dues for the President at a local country club for the purposes of entertaining donors and holding college-sponsored events as well as allowing the President and his family use of the facilities. The President reimburses the college for any expense incurred by his family for non-college activities (golf fees, meals, etc.) Schedule J, Part I, Line 3 The Compensation Committee is made up of members of the Board of Trustees. A Town of Clifton Forge 161686776 2003-10-27 9750000 Construction of Residence Hall 0 0 0 B Virginia College Building Authority 541249154 927781EY6 2007-06-06 20741893 Renovate residence hall and academic building 0 0 0 C Virginia Small Business Financing Authority 541300845 92810PAR2 2011-03-02 14722471 Construction of Residence Hall 0 0 0 A 9750000 0 9750000 0 0 0 100000 0 0 9650000 0 0 2005 0 0 1 1 B 5188566 0 20741893 0 0 0 360443 0 0 14034908 6346542 0 2010 1 0 1 1 C 930661 0 14722471 0 0 0 278000 0 0 14444471 0 0 2012 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 C 0 0 0 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 0 B 0 C 0 Schedule K, Part IV, Line 2c-10/27/2003 9,750,000 Town of Clifton Forge The arbitrage rebate computation for the Series 2007 Bonds was completed on April 20, 2016 by Bingham Arbitrage Rebate Services. A copy of the full report is available upon request. Schedule K, Part IV, Line 2c-06/06/2007 20,741,893 Virginia College Building Authority The arbitrage rebate computation for the Series 2007 Bonds was completed on April 20, 2016 by Bingham Arbitrage Rebate Services. A copy of the full report is available upon request. Schedule K, Part IV, Line 2c-03/02/2011 14,722,471 Virginia Small Business Financing Authority The arbitrage rebate computation for the Series 2011 Bonds was completed on April 20, 2016 by Bingham Arbitrage Rebate Services. A copy of the full report is available upon request. Brenda P Poggendorf VP-Enrollment Unsecured X 200000 71099 0 1 1 71099 Form 990, Part VI, Section B, Line 11b The annual Form 990 is prepared by the college's Assistant Vice President of Finance and Budget based on the annual independently audited financial statements. It is reviewed by the Vice President of Business Affairs, who is a CPA. A draft copy of the 990 is posted on the Board of Trustees secure website and they are notified electronically of its availability for review. Paper copies are also available upon request. Trustees are given a specified period within which to review the draft and ask questions. Following the review period and response to trustee questions, the final return is submitted to the IRS. Form 990, Part VI, Section B, Line 12c Each trustee signs an annual form to provide assurance that they are in compliance with the conflict of interest policy. In addition, during the annual external audit, the auditors review for potential conflicts of interest and test for related-party transactions. Form 990, Part VI, Section B, Line 15 The compensation for the President and each member of cabinet (vice presidents, in-house counsel, and Chief Information Officer) is reviewed annually by a board compensation committee consisting of trustees. Salary ranges are compared to industry-standard compensation data. Salaries are approved by the committee. Form 990, Part VI, Section C, Line 19 Some documents are available on the college's website. All documents are available in written form upon written request.