2014-02-12T07:44:20-07:00 2013-06-30 990 2012-07-01 540505922 LYNCHBURG COLLEGE LYNC 4345448428 1501 Lakeside Drive Lynchburg VA 24501 Steve Bright 4345448428 2014-02-14 2012 2015-11-30 17:44:51Z Stephen E Bright 1501 Lakeside Drive Lynchburg VA 24501 128821674 0 X www.lynchburg.edu X 1903 VA The College offers distinctive undergraduate and graduate programs that reflect its commitment to teaching, scholarship, and service to the greater community. The mission of the College is to develop students to have strong character and balanced perspectives and to prepare them for intelligent and wholehearted participation in a global society and for effective leadership in the civic, professional, spiritual, and social dimensions of life. The College provides students with a wide range of rigorous educational experiences that are grounded in the liberal arts and sciences, enhanced by professional studies, and nurtured by a residential community. The College serves the region through its outreach programs, cultural opportunities, resources, services, and the expertise of faculty, staff, and students. 38 34 1900 0 161267 0 4543067 5654028 83025043 85883824 1375031 1000183 145994 690245 89089135 93228280 27631613 28824505 0 0 36661976 37796365 23500 24000 1952254 22973880 24016470 87290969 90661340 1798166 2566940 153341321 176522699 35904503 47842243 117436818 128680456 The College offers distinctive undergraduate and graduate programs that reflect its commitment to teaching, scholarship, and service to the greater community. The mission of the College is to develop students to have strong character and balanced perspectives and to prepare them for intelligent and wholehearted participation in a global society and for effective leadership in civic, professional, spiritual, and social dimensions of life. 0 0 50991873 28824505 0 Includes student instruction and scholarships. For the Fall 2012, there were 2,211 undergraduates, 545 graduates for a total enrollment of 2,756 students. 11604812 0 0 Includes auxiliary enterprises (such as dining services, student housing, campus store, and other snack bar areas). 9658773 0 0 Includes other institutional services (such as information technology, interest expense, and other allocated expenses) that support student instruction. 8222437 0 0 Includes Student Services which consists of enrollment services, registrar, health and counseling services, student activities, sports, and recreation. 3786629 0 0 Includes Academic Support which consists of the College's library, art gallery, academic advising, career services, and other support services for the academic divisions. 12009066 0 0 84264524 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 1 133 0 1 1900 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 38 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 VA X Steve Bright 4345448428 1501 Lakeside Drive Lynchburg VA 24501 Alan A Burgess 1 0 X 0 0 0 Howard M Butler 1.0 0 X 0 0 0 Carol Calandra 1.0 0 X 0 0 0 Fred R Cawthorne 1.0 0 X 0 0 0 Charles P Collings 1.0 0 X 0 0 0 Stephen L Crank 1 0 X X 0 0 0 Beverly E Dalton 1 0 X 0 0 0 Richard O Danker 1.0 0 X 0 0 0 MaryJane Tousignant Dolan 1.0 0 X 0 0 0 Julie P Doyle 1.0 0 X 0 0 0 Douglas D Drysdale 1.0 0 X 0 0 0 Rebecca DuFour 1.0 0 X 0 0 0 Elena Edwards 1.0 0 X 0 0 0 Mary S Elcano 1.0 0 X X 0 0 0 Stuart C Fauber 1 0 X 0 0 0 Pauline B Flint 1.0 0 X X 0 0 0 Suzanne F Flynn 1.0 0 X 0 0 0 Mary H Futrell 1.0 0 X 0 0 0 Roger H Green 1.0 0 X 0 0 0 Yuille Holt III 1.0 0 X 0 0 0 Terry H Jamerson 1.0 0 X 0 0 0 Yong H Kim 1.0 0 X 0 0 0 Nathanial X Marshall 1 0 X X 0 0 0 Philip G Mazzara 1.0 0 X 0 0 0 J Andrew McKenna 1 0 X 0 0 0 A Patricia Merryman 1 0 X 0 0 0 Margaret Miller 1.0 0 X 0 0 0 Jay W Newkirk 1.0 0 X 0 0 0 Ellen G Nygaard 1 0 X 0 0 0 Kathryn M Pumphrey 1.0 0 X 0 0 0 Mary Rose Ragsdale 1.0 0 X 0 0 0 Roy A Roberson Jr 1.0 0 X 0 0 0 Rosel H Schewel 1.0 0 X 0 0 0 Andrew J Tatom III 1.0 0 X 0 0 0 Thomas A Walker 1.0 0 X 0 0 0 Charles B White 1.0 0 X 0 0 0 Tucker W Withers 1.0 0 X 0 0 0 Percy Wootton 1.0 0 X 0 0 0 Kenneth R Garren 60 0 X 371142 0 47682 Julius A Sigler Jr 65 0 X 125145 0 16902 John G Eccles 50 0 X 123124 0 15869 Rita A Detwiler 50 0 X 122768 0 21831 Denise A McDonald 50 0 X 122028 0 22035 Edward A Polloway 64 0 X 107627 0 14626 Stephen E Bright 60 0 X 141971 0 23765 John C Lewis 60 0 X 122964 0 21134 A Russell Smith 40 0 X 126737 0 21376 Sally Selden 55 0 X 124943 0 10641 Kevin Brueilly 40 0 X 139599 0 13451 Atul Gupta 40 0 X 119701 0 19410 1747749 0 248722 25 0 1 0 Commonfund 15 Old Danbury Road Wilton CT 068978012 Investment Services 580034 Dominion Seven Architects 1000 Jefferson Street Suite 2A Lynchburg VA 24504 Architectual Services 601069 Sherwin-Williams Flooring 4004 Murray Place Lynchburg VA 245015004 Construction 158214 Ameresco Inc 111 Speen Street 4th Floor Framingham MA 01701 Energy Services 272742 J E Jamerson & Sons Inc P O Box 395 Appomattox VA 24522 Construction 568991 4 0 0 10612 0 602346 5041070 622105 5654028 Tuition and Fees 611310 68871583 68871583 0 0 Auxiliary Services 900099 14804126 14804126 0 0 Miscellaneous Income 900099 2046848 2046848 0 0 Auxiliary-Catering 900099 161267 0 161267 0 0 0 0 0 85883824 1586198 0 0 1586198 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34973505 19718 35570935 8303 -597430 11415 -586015 0 0 -586015 18940 10612 14156 4784 0 4784 Change in Interest Rate Swap Agreement 900099 685461 0 0 685461 0 0 0 0 685461 93228280 85722557 161267 1690428 0 0 28562242 28562242 262263 262263 0 0 1336155 472537 580615 283003 0 0 0 0 27628527 24994457 1749225 884845 2078259 1880624 130553 67082 4578935 4206962 248583 123390 2174489 1918769 170263 85457 0 0 0 0 98359 0 98359 0 72361 0 72361 0 0 0 0 0 24000 24000 580034 0 580034 0 0 0 0 0 103815 54603 49176 36 1225752 978760 99611 147381 1436168 1385108 11286 39774 0 0 0 0 3108536 3015280 62171 31085 1015298 753884 116469 144945 0 0 0 0 0 0 0 0 1272101 1272101 0 0 0 0 0 0 4203384 4203384 0 0 112123 0 112123 0 Food Purchases-Dining Services 2039112 2039112 0 0 Indirect Cost Allocation-Auxiliary/Other 3002671 3002671 0 0 Purchases-Campus Store 1073011 1073011 0 0 4673745 4188756 363733 121256 90661340 84264524 4444562 1952254 21604 22460 4624079 14783256 2660995 3488919 606763 965747 0 0 0 0 1650367 1769445 661631 653338 290151 661284 118273665 51336583 63998404 66937082 59781145 66055857 18712866 20622717 0 0 0 0 333316 562594 153341321 176522699 6050548 6319317 0 0 1721740 2256227 22904114 34985380 0 0 0 0 1761469 1541031 0 0 3466632 2740288 35904503 47842243 X 50192818 53503467 36380606 43128827 30863394 32048162 117436818 128680456 153341321 176522699 X 2566940 8817807 0 0 0 -141109 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 3421 3421 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The College is a member of the Council of Independent Colleges in Virginia (CICV) which supports Virginia Private Colleges by advocating public policy positions and monitoring legislation impacting the independent higher education community. CICV provides a voice for Virginia's independent higher education community and advocates on behalf of the schools; students and their families at the Virginia General Assembly; in Congress; and before agencies, boards, and commissions. CICV estimates that 11.70% of the 12-13 membership dues ($29,237) was used for lobbying. X 1 470 0 0 0 1 1 0 0 1 3500 3500 0 0 X X X X 0 74636284 736267 8666032 1469216 1427173 0 81142194 79008989 1583137 -3158653 1420685 1376504 0 74636284 67588783 1346038 12154581 892640 1187773 0 79008989 62177036 1013976 5724299 373692 952836 0 67588783 82010777 784675 -18381644 776669 1460103 0 62177036 0.2 0.38 0.42 1 0 0 2232944 2232944 0 87345415 37999704 49345711 0 5960408 646188 5314220 0 13694527 9831956 3862571 0 9040371 2858735 6181636 66937082 Hedged Funds 11545441 F Commodities 1135799 F Private Capital 2933576 F Distressed Debt 1214713 F Real Estate 1794937 F Natural Resources 1998251 F 20622717 0 Interest rate swap agreement liability 1734307 U.S. Government grants refundable 1005981 2740288 72495655 8817807 0 0 -28965614 -20147807 92643462 580034 4784 584818 93228280 61252017 0 0 0 -4784 -4784 61256801 580034 28824505 29404539 90661340 SchD_P02_S00_L05 Schedule D, Part II, Line 5 The Virginia Outdoors Foundation has the responsibility to enter the property from time to time (usually on an annual basis) for purposes of inspection and enforcement of the terms of the easement after permission from or reasonable notice has been given to the College. The Foundation has the right to bring an action at law or in equity to enforce the restrictions as outlined in the easement. This right specifically includes the right to require restoration of the property to a condition of compliance with the terms of the easement as existed on the date of the gift of the easement. A report is received from the Virginia Outdoors Foundation detailing their visit and address any issues that may arise. The College has a full-time Director of the Claytor Nature Study Center (the farm) who is responsible for working with the Virginia Outdoors Foundation. SchD_P02_S00_L09 Schedule D, Part II, Line 9 The Virginia Outdoors Foundation easement was included with a gift of a 470 acre farm received in 1998. The gift of the farm was substantiated by a real estate appraisal report and recorded as an asset to the College on the Statement of Financial Position and as gift revenue on the Statement of Activities when received. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The College's art collection includes paintings, drawings, prints, and sculptures by Pierre Daura, works by Virginia folk artist Queena Dillard Stovall, and numerous works by other American and European artists. The mission of the Daura Gallery is to serve the College and the community beyond by providing opportunities for learning, enjoyment, and personal growth, by strengthening the creative and curricular life of the College and by encouraging the interdisciplinary affiliation of the visual arts with diverse academic disciplines. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The College's endowment includes (1) funds that offer a comprehensive financial aid program for students demonstrating financial need, academic merit, and special leadership traits, (2) funds that support Distinguished chairs, professorships, and special lectureships, (3) funds that offer numerous special programs to benefit students, faculty, staff and the broader community which are diverse in focus and create unique learning opportunities, and (4) funds that offer financial support to the College's annual operating budget. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Includes Financial Aid ($28,824,505) and Change in the Value of Split Interest Agreements ($141,109) SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Includes Special Events. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Includes Special Events. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Includes Financial Aid. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The College has publicized its notice of non-discriminatory policy of students through newspaper media. Also, the College's website includes a statement that Lynchburg College does not discriminate on the basis of age, race, religion, disability, gender, sexual orientation, or national or ethnic origin. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Lynchburg College was the recipient of various grants and contracts from the Federal Government supporting student financial aid and other College programs in the 2012-13 fiscal year. These awards were received from the U.S. Department of Education, Department of Commerce, Environmental Protection Agency, and the Vietnam Education Foundation. 1 Europe (including Iceland and Greenland) 0 0 Program Services Educational 9537 East Asia and the Pacific 0 0 Program Services Recruitment 10095 Central America and the Caribbean 0 0 Program Services Educational 16015 Sub-Saharan Africa 0 0 Program Services Financial Aid 10605 Central America and the Caribbean 0 0 Program Services Financial Aid 22698 East Asia and the Pacific 0 0 Program Services Financial Aid 135970 South Asia 0 0 Program Services Financial Aid 76610 Europe (including Iceland and Greenland) 0 0 Program Services Financial Aid 850 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Financial Aid 15530 0 0 297910 Non-Funded Financial Aid Sub-Saharan Africa 1 8905 Applied to the student's tuition and fees account 0 Funded Financial Aid Sub-Saharan Africa 3 1700 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid Central America and the Caribbean 3 22698 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid East Asia and the Pacific 19 135170 Applied to the student's tuition and fees account 0 Funded Financial Aid East Asia and the Pacific 1 800 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid South Asia 2 76610 Applied to the student's tuition and fees 0 Non-Funded Financial Aid Europe (including Iceland and Greenland) 1 850 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid North America (including Canada and Mexico, but not the United States) 1 15530 Applied to the student's tuition and fees account 0 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 Lynchburg College does not provide grants and other assistance to organizations or entities outside the United States. Financial aid is awarded to students who attend the College and who live outside of the United States. This aid is based upon need and merit and is applied to each student's billed tuition and fees account. The College uses the College Board's PowerFAIDs software to manage its financial aid database and awarding procedures. X X X X X X X 1 Kughn & Associates 3015 Sedgewick Drive Lynchburg VA 24503 Campaign Consulting 0 0 24000 -24000 0 24000 -24000 AL AR CA CO CT DC GA HI IL KS KY LA MA MD ME MN MO MS NC ND NH NJ NM NY OH OK OR PA RI TN UT VA WI Golf Tournament 12712 5497 7215 0 0 3160 0 0 240 Golf Tournament 8900 2640 6260 0 0 2310 2564 0 2786 1 7940 2475 5465 0 0 1615 0 0 1481 29552 10612 18940 0 0 7085 2564 0 4507 14156 4784 1 Non-funded Financial Aid 1917 27574473 0 Funded Financial Aid 69 987769 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Within the limits of available resources, the College makes every effort to make financial aid opportunities available to needy and academically eligible students. Traditional-age students must be enrolled in a full-time undergraduate degree program to be considered for College academic scholarships, grants and/or need-based financial aid. With the exception of some academic scholarships, students who wish to apply for grants, loans or work-study should submit the Free Application for Federal Student Aid (FAFSA). Awards are considered on the basis of financial need and/or a student's academic profile. Awards are packaged using a combination of grants and scholarships, loans and work-study assignments. Students must be in good academic and social standing and achieve the minimum quality point average required. The College Board's PowerFAIDS software is used to manage the financial aid database and awarding procedures. SchI_P03_S00_L00 Schedule I, Part III Part III (a) Non-funded Financial Aid is funded from the College's unrestricted resources. Funded Financial Aid consists of the calculated spending proceeds from endowed scholarships and gifts that were donated to help students pay for the cost of their education. Various state grants also provide scholarships to assist students with paying for their education. Part III (b) 96% of traditional students at the College (2,068) received some form of Financial Aid. Therefore, the number of recipients was estimated by multiplying 96% by 2,068 or 1,985 students and then prorating 1,985 students to Non-funded and Funded aid. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Kenneth R Garren 322875 0 47250 0 1017 0 22500 0 25182 0 418824 0 0 0 Stephen E Bright 153566 0 0 0 -11595 0 13821 0 9944 0 165736 0 0 Kevin Brueilly 138785 0 0 0 814 0 11591 0 1860 0 153050 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As outlined in the President's contract with the College, the following items are provided: (1) the President's spouse can accompany him on trips and perform bona fide and substantial school-related business activity; (2) the President is required to live in a house provided by the College as part of his job as President. The house is physically located on the College's campus. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Compensation Committee of the Board of Trustees approves the President's written employment contract on an annual basis. The approved written employment contract is approved by the full Board of Trustees and documented in the minutes. As deemed necessary by the Compensation Committee, an independent compensation consultant is used for input regarding the President's salary level as compared to other comparable positions. A Virginia College Building Authority 541249154 2010-12-21 8837932 Provides funds to refund a prior issue dtd 1/22/04 and other debt obligations 0 0 0 B Economic Development Authority of the City of Lynchburg Virginia 541225193 55123RAR7 2013-06-27 24308295 Refund two prior outstanding issues and Student Center expansion 1 0 0 C Economic Development Authority of Amherst County Virginia 830477842 2013-05-29 7571000 Purchase and renovate the Health Sciences Bldg 0 0 0 A 1027369 0 8837932 0 0 0 100088 0 0 0 8737844 0 2010 1 0 1 1 B 3474159 10437250 24308295 9419060 0 10437250 205700 0 0 772126 3474159 0 1 0 0 1 C 0 0 2613522 0 0 0 0 0 0 2613522 0 0 0 0 0 1 A 0 1 0 0 0.0009 0 0.0009 1 0 1 B 0 1 0 0 0.0034 0 0.0034 1 0 1 C 0 0 0 0 0 0 0 1 0 1 A 0 0 0 0 1 1 SunTrust Bank 22 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 SchK_P02_S00_L03 Schedule K, Part II, Line 3 The maximum principal (draw-down) amount of the bond issue is $7,571,000. As of June 30, 2013, $2,613,522 had been requested from the draw-down loan. Janet Sigler Family member of College Officer 37299 Compensation paid as employee of the College 0 Heather Ryan-Sigler Family member of a College Officer 40564 Compensation paid as employee of the College 0 Annette Eccles Family member of a College Officer 18453 Compensation paid as employee of the College 0 Tyler Eccles Family member of a College Officer 29394 Compensation paid as employee of College 0 Sheila Garren Family member of a College Officer 26250 Compensation paid as employee of the College 0 Matthew Brandon Family member of a Trustee 100331 Compensation paid as employee of the College 0 Richard Pumphrey Family member of a Trustee 80792 Compensation paid as employee of the College 0 J E Jamerson & Sons Trustee's husband is President of the Company 414929 Construction 0 L G Flint Trustee's husband and son are Officer's of the Company 114007 Construction 0 X 1 3500 FMV-Opinion of an expert X 1016 FMV-Opinion of an expert X 4900 FMV X 26 313727 Avg hi/low on gift date X 1 278500 FMV-Opinion of an expert X Travel Exps 3 3025 FMV X Physical Therapy Equip 1 5000 FMV X Miscellaneous 29 12437 FMV 1 0 1 0 SchM_P01_S00_L00 Schedule M, Part I In Part 1, column (b), Lynchburg College is reporting the number of contributions. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Tax Form 990 is internally prepared by the Senior Accountant-Endowment & Investments and reviewed by the Associate VP and VP for Business and Finance. The Form 990 is then sent to be reviewed by the following Trustees: Chair of the Board, Chair of the Budget and Finance Committee, and all members of the Audit Committee. They read over the document and notify the Business Office of their approval within three business days. The completed Tax Form 990 is then e-mailed (or sent by overnight delivery) to all Trustees. The Business Office executes and submits the 990 Form to the IRS. Schedule B, Schedule of Contributors, is not included in the information sent to Trustees in order to maintain confidentiality for the College's donors. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c As outlined in the College's By-Laws, the Board prohibits conflict of interest by its Trustees and College Officers in particular matters under consideration by the Board, in accordance with the Conflict-of-Interest policy for Trustees and College Officers. Each Trustee and College Officer are asked to (1) review the Conflict-of-Interest policy annually, (2) disclose any possible personal, familial or business relationships that reasonably could give rise to a conflict involving the College, (3) acknowledge by his or her signature that he or she is in compliance with the letter and spirit of this policy. If a conflict is suspected or confirmed, the matter shall be discussed between the committee chair, the board chair, and the trustee in question, to determine if any specific vote by the trustee should be recanted and if said trustee should be involved in any future discussion on that topic. Should the matter not be resolved by the committee chair, the board chair, and the trustee in question, ultimate enforcement of any conflict will be determined by the Executive Committee as may be appropriate. The completed Conflict-of Interest forms are monitored and maintained in the President's Office. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation for all faculty and staff except the College President is set on an annual basis in keeping with the College's salary plan that was adopted after a year long study in 2005-06. The President's salary is set by the College's Compensation Committee. The committee is led by the Board Chair and includes several other Board members who have been appointed to the committee by the Board Chair. The purpose of the committee is to review the President's job performance and determine the appropriate salary to recommend to the full Board of Trustees. The Trustees meet in Executive session during the annual May meeting to receive the report of the Compensation Committee and act on their recommendation. The actions of the Board of Trustees while in Executive session are documented in the minutes of the meeting. In October 2010, the College obtained the services of an independent consultant to analyze the President's compensation package with Presidential compensation data from approximately ten (10) to fifteen (15) comparator colleges. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The documents are made available to the public upon request to the President of the College or the Vice President for Business and Finance. F990_P11_S00_L09 Form 990, Part XI, Line 9 Change in the value of split-interest agreements