2014-02-12T10:32:28-07:00 2013-06-30 990 2012-07-01 540506306 BRIDGEWATER COLLEGE BRID 5408285487 402 East College Street Bridgewater VA 228121599 Anne Keeler 5408285487 2014-02-12 2012 2015-11-30 17:44:51Z David W Bushman 402 East College Street Bridgewater VA 22812 72852750 0 X www.bridgewater.edu X 1880 VA Bridgewater College is a private, coeducational, residential, liberal arts college of approximately 1,800 students. 28 28 1058 0 47652 17348 3978206 2758742 57801374 63559320 3579967 3945562 1442640 1152775 66802187 71416399 23502322 27871359 0 0 21881248 20505161 0 0 862362 18862664 18550493 64246234 66927013 2555953 4489386 160627872 169236820 51646797 49846625 108981075 119390195 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 38569309 27871359 48166935 Bridgewater College offers more than 60 majors and minors as well as concentrations and dual degree programs spread among 17 academic departments. The departments include: art, biology, chemistry, communication studies and theatre, economics and business administration, education, English, family and consumer sciences, foreign languages, health and exercise science, history and political science, mathematics and computer science, music, philosophy and religion, physics, psychology and sociology. 9695106 0 15370521 In addition to academic offerings, Bridgewater College offers its students the following auxiliary services: Housing including Wright-Heritage, Geisert, Wakeman, Blue Ridge, Daleville and Dillon Halls, honors houses, the Wampler Towers and Stone Village housing community. Food service offerings include the main dining hall as well as the Crimson Café. Other auxiliary facilities include the Bookstore. 9266905 0 21864 Student services at Bridgewater College include a robust list of more than 70 student clubs and organizations, including Eagle Productions, a student-run activity programming board. A number of staff work to make life outside of class as fulfilling for BC students as it is in class. Facilities to support these initiatives include: Carter Center for Worship and Music; Funkhouser Center for Health and Wellness; the student life offices including counseling and service-learning; Kline Campus Center; and athletics facilities including Nininger Health and Exercise Science Center, Mapp field, Jopson Athletic Complex and Bridgewater College Equestrian Center. 4337523 0 0 Academic support areas at Bridgewater College include the Dean of the Academic Affairs, the Alexander Mack Memorial Library, C.E. Shull Information Technology Center, the writing center, career services and the academic support center. 4337523 0 0 61868843 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 1 0 0 0 0 0 0 0 1 2365 0 1 1058 1 1 1 1 CJ GK 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NH OR X Mary S Schwab 5408285487 402 East College Street Bridgewater VA 22812 D Cory Adamson 0 0 X 0 0 0 G Steven Agee 0 0 X 0 0 0 Nancy Bowman 0 0 X 0 0 0 W Gregory Broyles 0 0 X 0 0 0 J Russell Bruner 0 0 X 0 0 0 Susan Logan Craun 0 0 X 0 0 0 Mensel Dean Jr 0 0 X X 0 0 0 Michael Del Giudice 0 0 X 0 0 0 William S Earhart 0 0 X 0 0 0 Carl R Fike 0 0 X 0 0 0 Mary G Garber 0 0 X 0 0 0 A Wesley Graves 0 0 X 0 0 0 Stephen Hollinger 0 0 X 0 0 0 Lawrence M Johnson 0 0 X 0 0 0 Krishna Kodukula 0 0 X 0 0 0 Michael K Kyles 0 0 X 0 0 0 J Allen Layman 0 0 X 0 0 0 Nathan H Miller 0 0 X 0 0 0 Wilfred E Nolen 0 0 X 0 0 0 Ronald Sink 0 0 X 0 0 0 Robert I Stolzman 0 0 X 0 0 0 Kathryn A Tuttle 0 0 X 0 0 0 Donna Walker 0 0 X 0 0 0 James H Walsh 0 0 X 0 0 0 G Benjamin Wampler 0 0 X 0 0 0 James L Wilkerson 0 0 X 0 0 0 Kathy Wright 0 0 X 0 0 0 Roy Ferguson 40 0 X X 196696 0 12260 David W Bushman 40 0 X X 0 0 0 Anne B Keeler 40 0 X 134894 0 19005 Carol Scheppard 40 0 X 139950 0 12753 Reginald Webb 40 0 X 132839 0 15852 George Cornelius 40 0 X 364901 0 13282 969280 0 73152 5 1 1 0 Moser Mayer Phoenix PA 328 E Market Street Greensboro NC 27401 Architect 687042 Riddleberger Brothers Inc P O Box 27 Mount Crawford VA 22841 HVAC Contractor 243813 Royall & Company 1920 E Parham Road Richmond VA 232282206 higher education consultant 409979 CII Services 6767 Forest Hill Ave Richmond VA 23225 HVAC contractor 227815 Musco Sports Lighting 100 1st Ave W Oskaloosa IA 52577 Lighting contractor 205726 10 0 0 0 0 266544 2492198 244588 2758742 Tuition revenue 611310 48166935 48166935 0 0 Residence halls and facilities 721000 8052655 0 0 8052655 Dining services and conferences 722212 7197847 0 0 7197847 Bookstore 451211 96634 0 0 96634 Wellness memberships 713940 21864 0 20335 1529 23385 0 0 23385 63559320 1193653 0 0 1193653 0 0 0 0 0 0 0 0 275016 19500 67867 0 207149 19500 226649 0 19500 207149 4120393 0 1292483 76001 2827910 -76001 2751909 0 -4819 2756728 0 various plant incomes 611710 151944 0 0 151944 student activities and fees 611710 553222 0 0 553222 department vehicle charge 611710 65909 0 0 65909 155051 0 12636 142415 926126 71416399 48166935 47652 20443070 0 0 27871359 27871359 0 0 0 0 410471 0 287756 122715 0 0 0 0 15810665 12276766 3092045 441854 832372 646722 153663 31987 2383550 1285113 1066129 32308 1068103 836909 200460 30734 0 0 0 0 45120 0 45120 0 65256 0 65256 0 0 0 0 0 0 0 156686 0 156686 0 722257 553771 162864 5622 96938 66088 30850 0 501420 352582 115025 33813 911524 507255 397551 6718 0 0 0 0 2742175 1432884 1309291 0 638440 563639 29829 44972 0 0 0 0 0 0 0 0 1755304 1748208 7096 0 0 0 0 0 3556110 3405451 150659 0 139689 34485 105204 0 Auxiliary expenses 2897271 2897271 0 0 student life and athletic expenses 719398 719398 0 0 maintenance allocation 0 4287208 -4361606 74398 recruitment of students 652857 652857 0 0 2950048 1730877 1181930 37241 66927013 61868843 4195808 862362 530 647 16574681 16929457 3320242 3371483 232145 185539 0 0 0 0 3994563 3890055 75781 68132 0 114381851 43580793 70116790 70801058 24894553 27085537 41220307 46641342 0 0 0 0 198280 263570 160627872 169236820 3328691 2903115 0 0 2160914 2060667 25483582 24237170 0 0 25482 0 13917892 13949081 6730236 6696592 51646797 49846625 X 42452230 45715264 22495413 28589562 44033432 45085369 108981075 119390195 160627872 169236820 4489386 6128954 0 -209220 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2305 0 0 0 2305 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 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. 1 61099 0 0 X X 0 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 55569914 3449213 -7763009 1947797 782323 292864 48233134 0.0589 0.5987 0.3424 1 0 742695 884192 1626887 2011384 80713166 30324117 52400433 0 0 0 0 0 8345020 6042127 2302893 3865161 17820233 7214549 14470845 70801058 0 2929436 F Non-publicly traded investments 43711906 F 46641342 Trust and annuity obligations 4880718 U.S. Government grants refundable 1815874 6696592 X 77219204 6128954 0 0 0 6128954 71090250 326149 0 326149 71416399 66810084 0 0 0 0 0 66810084 116929 0 116929 66927013 SchD_P03_S00_L04 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. SchD_P05_S00_L04 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. SchD_P10_S00_L02 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, 2013. 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 position at June 30, 2013. 1 1 0 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 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. SchE_P01_S00_L06 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 183766 0 0 183766 0 0 0 0 1 0 1 Institutional scholarships 1697 27526490 0 amount of scholarship credited to students' account VFIC Scholarships 39 71869 0 Scholarship amount posted to students' account Supplemental Educational Opportunity Grant 225 131400 0 Scholarship amount posted to students' account Lettie Pate Whitehead Scholarships 47 138000 0 Scholarship amount posted to students' account Virginia License Plate Scholarship 4 3300 0 Scholarship amount posted to students' account SchI_P01_S00_L02 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 1 1 X X X 1 0 0 0 0 0 0 0 0 George Cornelius 94901 0 0 0 270000 0 0 0 13282 0 378183 0 0 0 Roy Ferguson 151696 0 45000 0 0 0 0 0 12260 0 208956 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The institution provides on campus housing to the president and his family. This includes housekeeping services, lawn care and all utilities. The college provides membership in the local country club for the president. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The Board engaged an independent search firm to assist with hiring the college's new president and negotiated on an arm-length basis with the successful candidate to determine compensation. All members of the Executive Committee were independent in regards to this transaction. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 George Cornelius received severance compensation for ten months. His severance pay began in April 2012 and was $274,736 including wages and benefits for the calendar year. A Industrial Development Authority of the Town of Broadway Virginia 542028957 111606AY5 2003-07-31 9886541 construction of student housing and facilities renovation 0 0 0 B Industrial Development Authority of Rockingham County Virginia 541155987 773462CJ3 2003-08-27 15036270 provide funds to refund 1993 issue, 1987 issue and 1978 issue 0 0 0 C 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 D Industrial Development Authority of the Town of Bridgewater Virginia 541381459 000000000 2007-12-12 3000000 construction and renovation of campus facilities 0 0 0 A 2295000 0 9918277 10000000 0 0 89781 113459 0 9897309 0 0 2004 0 0 1 1 B 3985000 0 14803285 15160000 0 0 282202 123730 0 0 14754068 0 2003 1 0 1 1 C 1530000 0 5609164 5425000 0 0 92252 5272 0 4059412 1457500 0 2007 1 0 1 1 D 926773 0 3051834 3000000 0 0 0 0 0 3051834 0 0 2009 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 D 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 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SchK_P04_S00_L02c Schedule K, Part IV, Line 2c The college hired an independent company to calculate the arbitrage rebate for all outstanding bond issues and it was determined for each issue that no rebate payment was due. The 2003 Town of Broadway and 2003 Rockingham County issues were both calculated in October 2008. The August 2006 Town of Bridgewater issue calculation was done in August 2011 and the calculation for the December 2007 Town of Bridgewater issue was done in December 2012. family members of trustees family members of trustees 6150 Need-based scholarship tuition grant family members of trustees family members of trustees 13500 scholarship based on demographic criteria tuition grant family members of trustees family members of trustees 50450 Merit based scholarships tuition grant X 1 1 value to college X 24 value to college X 1 value to college X 22 152012 FMV X 1 33000 FMV X 1 58767 FMV X 1 1 value to college X Other - archival materials 11 11 value to college X Other - miscellaneous equipment 1 1 value to college X Other - Musical instruments 2 751 value to college 4 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The college hires real estate agents to sell donated real estate. SchM_P01_S00_L33 Schedule M, Part I, Line 33 The college does not record revenue for horses that are donated for the equestrian program. F990_P06_S0B_L11b 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. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board engaged an independent search firm to assist with hiring the College's new president and negotiated on an arm-length basis with the successful candidate to determine compensation. F990_P06_S0C_L19 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.