2015-02-13T10:21:21-07:00 2014-06-30 990 2013-07-01 540506306 BRIDGEWATER COLLEGE BRID 5408285487 402 East College Street Bridgewater VA 228121599 Anne Keeler VP for Finance & Treasurer 5408285487 2015-02-13 2013 2016-02-25 16:41:14Z David W Bushman 402 East College Street Bridgewater VA 22812 85561716 0 X www.bridgewater.edu X 1880 VA Bridgewater College is a private, coeducational, residential, liberal arts college of approximately 1,800 students. 28 24 1063 0 57338 30501 2758742 4733638 63559320 68910554 3945562 4045093 1152775 1165340 71416399 78854625 27871359 31065528 0 0 20505161 21324820 0 0 1526117 18550493 19477372 66927013 71867720 4489386 6986905 169236820 189663691 49846625 53162657 119390195 136501034 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 42067437 31065528 52458528 Located only two hours southwest of the Washington, D.C. metro area, Bridgewater College has a total enrollment of approximately 1,800 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, dual degree programs and teacher certification. Grounded in the 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. 10261207 0 16433836 The residential campus is located in the beautiful Shenandoah Valley of Virginia. On-campus housing features seven dormitories, honors houses, 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 the Crimson Café in the Wright-Heritage Link. 9571552 0 18190 With more than 60 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 22 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, 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 arts and lecture series, known as convocations, which brings speakers and artists from across the country to the College. 4483637 0 0 Academic support areas at Bridgewater College include the academic advising center, the Alexander Mack Library, the writing center, the information technology center, the office of career services and the academic support center. 4483637 0 0 66383833 1 1 0 1 0 0 0 1 0 1 1 1 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 0 0 0 0 0 1 2441 0 1 1063 1 1 1 1 GK 0 0 0 0 0 0 0 0 X 28 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NH OR X Mary S Schwab 5408285487 402 East College Street Bridgewater VA 22812 D Cory Adamson Trustee 0 0 X 0 0 0 G Steven Agee Trustee 0 0 X 0 0 0 Nancy Bowman Trustee 0 0 X 0 0 0 J Russell Bruner Trustee-Vice Chairman effective 11/1/13 0 0 X X 0 0 0 Susan Logan Craun Trustee 0 0 X 0 0 0 Mensel Dean Jr Trustee-secretary of board until 11/1/13 0 0 X X 0 0 0 Michael Del Giudice Trustee 0 0 X 0 0 0 William S Earhart Trustee 0 0 X 0 0 0 Carl R Fike Trustee 0 0 X 0 0 0 Mary G Garber Trustee 0 0 X 0 0 0 A Wesley Graves Trustee 0 0 X 0 0 0 Stephen Hollinger Trustee 0 0 X 0 0 0 Lawrence M Johnson Trustee 0 0 X 0 0 0 Krishna Kodukula Trustee 0 0 X 0 0 0 Michael K Kyles Trustee 0 0 X 0 0 0 J Allen Layman Trustee 0 0 X 0 0 0 Nathan H Miller Trustee-Chairman of the Board 0 0 X X 0 0 0 Wilfred E Nolen Trustee 0 0 X 0 0 0 Ronald Sink Trustee 0 0 X 0 0 0 Robert I Stolzman Trustee 0 0 X 0 0 0 Kathryn A Tuttle Trustee 0 0 X 0 0 0 Donna Walker Trustee-Vice Chairman until 11/1/13 0 0 X X 0 0 0 James H Walsh Trustee 0 0 X 0 0 0 G Benjamin Wampler Trustee 0 0 X 0 0 0 James L Wilkerson Trustee 0 0 X 0 0 0 Dewey Williard Trustee 0 0 X 0 0 0 Kathy Wright Trustee-secretary of board effective 11/1/13 0 0 X X 0 0 0 David W Bushman President 40 0 X X 138967 0 14748 Anne B Keeler Vice President for Finance and Treasurer 40 0 X 132753 0 11442 Elaine Dellinger Assistant Secretary 40 0 X 35807 0 5919 Roy Ferguson Executive Vice President 40 0 X 184188 0 11780 Carol Scheppard Vice President and Dean for Academic Affairs 40 0 X 136619 0 12336 Reginald Webb Vice President for Enrollment 40 0 X 128947 0 17918 757281 0 74143 5 0 1 0 Moser Mayer Phoenix PA 328 E Market Street Greensboro NC 27401 Architect 168571 Royall & Company 1920 E Parham Road Richmond VA 232282206 higher education consultant 406939 CII Services 6767 Forest Hill Ave Richmond VA 23225 HVAC contractor 142227 Lantz Construction Company 539 S Main Street Broadway VA 22815 construction company 6736426 Harrisonburg Construction 3011-A John Wayland Highway Dayton VA 22821 construction company 154499 2 0 0 0 0 280808 4452830 216711 4733638 Tuition revenue 611310 52458528 52458528 0 0 Residence halls and facilities 721000 8670287 0 0 8670287 Dining services and conferences 722212 7675635 0 0 7675635 Wellness memberships 713940 18190 0 17305 885 Bookstore 451211 86469 0 0 86469 1445 0 0 1445 68910554 1594024 0 0 1594024 0 0 0 0 0 0 0 0 293760 18605 63563 0 230197 18605 248802 0 18605 230197 9057388 37209 6469806 173722 2587582 -136513 2451069 0 8345 2442724 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Various plant incomes 611710 154737 0 0 154737 Student activities and fees 611710 485801 0 1161 484640 Student loan administrative allowance 611710 55681 0 0 55681 220319 0 11922 208397 916538 78854625 52458528 57338 21605121 0 0 31065528 31065528 0 0 0 0 660493 0 522728 137765 0 0 0 0 16271824 12693791 2774852 803181 857018 665925 145052 46041 2384795 1186718 1133777 64300 1150690 865012 224461 61217 0 0 0 0 53297 0 53297 0 49844 0 49844 0 0 0 0 0 0 0 90676 0 90676 0 1016715 599450 371993 45272 55023 30182 24841 0 739604 554888 110992 73724 937155 929116 1668 6371 0 0 0 0 3182871 1766646 1416225 0 698246 593269 29689 75288 0 0 0 0 10945 10945 0 0 1524315 1517768 6547 0 0 0 0 0 3609965 3458564 151401 0 144457 37589 106868 0 Auxiliary expenses 3110994 3110994 0 0 student life and athletic expenses 704399 704399 0 0 recruitment of students 553423 553423 0 0 maintenance allocation 0 4256039 -4366936 110897 2995443 1783587 1109795 102061 71867720 66383833 3957770 1526117 647 656 16929457 16894052 3371483 3971053 185539 197605 0 0 0 0 3890055 3926458 68132 92747 0 0 125315012 46839307 70801058 78475705 27085537 36697989 46641342 49082687 0 0 0 0 263570 324739 169236820 189663691 2903115 4043764 0 0 2060667 1866566 24237170 12605397 0 0 0 0 0 0 13949081 28465193 6696592 6181737 49846625 53162657 X 45715264 48051014 28589562 39437355 45085369 49012665 119390195 136501034 169236820 189663691 6986905 10366224 0 -242290 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 1 2661 1 885 0 0 3546 0 Schedule C, Part II-B, Line 1 In February 2014, two employees and six students traveled to the state capital to meet with their respective legislators to thank them for their past support of funding for the state's tuition assistance grant and to encourage their continued support of the program. Bridgewater College belongs to the Council of Independent Colleges in Virginia which lobbies on behalf of all its member schools and their students, on issues of importance to private higher education. 0 61099 0 0 X X 0 70124224 2207975 13342859 2021726 941374 332967 82378991 62822960 1014366 9441184 2023120 769871 361295 70124224 63735166 1239216 893284 1844944 849103 350659 62822960 54467332 923890 11450474 1887287 864674 354569 63735166 48233134 3009822 6354039 1974887 825882 328894 54467332 0.0272 0.4156 0.5572 1 0 666695 884192 1550887 2181384 81903851 32601725 51483510 0 0 0 0 0 8439461 6329600 2109861 4258586 26980843 7907982 23331447 78475705 0 3025834 F Non-publicly traded investments 46056853 F 49082687 Trust and annuity obligations 4448554 U.S. Government grants refundable 1733183 6181737 X 88928266 10366224 0 0 0 10366224 78562042 292583 0 292583 78854625 71817427 0 0 0 0 0 71817427 50293 0 50293 71867720 Schedule D, Part III, Line 4 The museum is a general history museum which provides our students the opportunity to see items linked to historical events that they are studying. Schedule D, Part V, Line 4 Most of the college's endowments provide scholarships to our students. Some endowments fund faculty chairs, symposia and the operation of specific buildings. Schedule D, 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. Management believes that the College continues to satisfy the requirements of a tax-exempt organization at June 30, 2014. Management has 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 at June 30, 2014. 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 its 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. Europe (including Iceland and Greenland) Investments 419555 0 0 419555 0 0 0 0 1 0 1 institutional scholarships 1773 30713866 0 amount of scholarship credited to students' account VFIC Scholarships 35 61502 0 Scholarship amount posted to students' account Supplemental Educational Opportunity Grant 262 138100 0 Scholarship amount posted to students' account Lettie Pate Whitehead Scholarships 45 149000 0 Scholarship amount posted to students' account Virginia License Plate Scholarship 4 3060 0 Scholarship amount posted to students' account Schedule I, 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 (8) 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 (FASFA); 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 X X 0 0 0 0 0 0 0 0 0 Roy Ferguson Executive Vice President 154188 0 30000 0 0 0 0 0 11780 0 195968 0 0 0 David W Bushman President 138967 0 0 0 0 0 0 0 14748 0 153715 0 0 Anne B Keeler Vice President for Finance and Treasurer 132753 0 0 0 0 0 0 0 11442 0 144195 0 0 Schedule J, Part I, Line 1a The institution provides on campus housing to the president and his family. This includes housekeeping, lawn care and all utilities. The college provides membership in the local country club for the president. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees approved the president's compensation. The committee used peer salary data and published surveys for comparisons as well as Form 990's. A Industrial Development Authority of the Town of Bridgewater Virginia 541381459 10874MAR4 2006-08-09 5419728 $4,059,412 was used to renovate the kitchen and dining area. $1,457,500 refund 2002 bonds 0 0 0 B Industrial Development Authority of the Town of Bridgewater Virginia 541381459 000000000 2007-12-12 3000000 construction and renovation of campus facilities 0 0 0 C Economic Development Authority of Rockingham County Virginia 541155987 000000000 2013-12-19 7350000 provide funds to refund 2003, 1993, 1987 and 1978 issues 0 0 0 A 1625000 0 5609164 5425000 0 0 92252 5272 0 4059412 1457500 0 2007 1 0 1 1 B 1128333 0 3051834 3000000 0 0 0 0 0 3051834 0 0 2009 0 0 1 1 C 173116 0 7350000 7350000 0 0 0 0 0 0 7350000 0 2013 1 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 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-08/09/2006 5,419,728 Industrial Development Authority of the Town of Br The college hired an independent company to calculate the arbitrage rebate for outstanding bond issues and it was determined that no rebate payment was due. The August 2006 Town of Bridgewater issue calculation was done in August 2011. Schedule K, Part IV, Line 2c-12/12/2007 3,000,000 Industrial Development Authority of the Town of Br The college hired an independent company to calculate the arbitrage rebate for outstanding bond issues and it was determined that no rebate payment was due. The calculation for the December 2007 Town of Bridgewater issue was done in December 2012. family members of trustee family members of trustees 6150 Need-based scholarship tuition grant family members of trustee family members of trustees 15467 scholarship based on demographis tuition grant family members of trustee family members of trustees 79540 merit based scholarships tuition grant X 23 value to college X 23 214671 FMV X 1 1 value to college X Other - archival materials 9 9 value to college X Other - Broadcast services 1 2000 value to college X Other - miscellaneous items 7 7 value to college 1 0 1 1 Schedule M, Part I, Line 32b The college hires real estate agents to sell donated real estate. Schedule M, Part I, Line 33 The college does not record revenue for horses that are donated for the equestrian program. Form 990, Part VI, Section B, Line 11b The 990 was made available on-line to the entire board of trustees. During a meeting of the Audit Committee, the Committee discussed the form and approved it for filing subject to the review by the full board. Form 990, Part VI, Section B, Line 12c The Director of Human Resources collects the annual disclosure forms for employees and any exceptions are reviewed by the President or his designee. The Vice President for Finance and Treasurer reviews the Board of Trustees forms. 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 and published surveys including 990's for comparison. The committee also reviewed the compensation for key employees. 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.