2013-02-08T12:38:32-07:00 2012-06-30 990 2011-07-01 540505922 LYNCHBURG COLLEGE LYNC 4345448428 1501 Lakeside Drive Lynchburg VA 24501 Steve Bright 4345448428 2013-02-08 2011 2016-02-25 16:41:14Z Stephen E Bright 1501 Lakeside Drive Lynchburg VA 24503 133893963 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. 37 33 1903 0 147866 0 4314459 4543067 78836377 83025043 4028023 1375031 122826 145994 87301685 89089135 25132421 27631613 0 0 34778030 36661976 48000 23500 1793157 22932702 22973880 82891153 87290969 4410532 1798166 156087344 153341321 36097797 35904503 119989547 117436818 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 48870273 27631613 0 Includes student instruction and scholarships. For the Fall 2011, there were 2,279 undergraduates, 549 graduates for a total enrollment of 2,828 students. 11642416 0 0 Includes auxiliary enterprises (such as dining services, student housing, bookstore, and other snack bar areas). 9153081 0 0 Includes other institutional services (such as information technology, interest expense, and other allocated expenses) that support student instruction. 7853611 0 0 Includes Student Services which consists of enrollment services, registrar, health and counseling services, student activities, sports, and recreation. 3594575 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. 11448186 0 0 81113956 1 1 0 1 0 0 1 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 133 0 1 1903 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X Steve Bright 4345448428 1501 Lakeside Drive Lynchburg VA 24501 Thomas L Booker 1 X 0 0 0 Alan A Burgess 1 X 0 0 0 Howard M Butler 1 X 0 0 0 Carol Calandra 1 X 0 0 0 Fred R Cawthorne 1 X 0 0 0 Charles P Collings 1 X 0 0 0 Stephen L Crank 1 X 0 0 0 Richard O Danker 1 X 0 0 0 MaryJane Tousignant Dolan 1 X 0 0 0 Julie P Doyle 1 X 0 0 0 Douglas D Drysdale 1 X 0 0 0 Rebecca DuFour 1 X 0 0 0 Elena Edwards 1 X 0 0 0 Mary S Elcano 1 X 0 0 0 Stuart C Fauber 1 X 0 0 0 Pauline B Flint 1 X 0 0 0 Suzanne F Flynn 1 X 0 0 0 Mary H Futrell 1 X 0 0 0 Roger H Green 1 X 0 0 0 Yuille Holt III 1 X 0 0 0 Terry H Jamerson 1 X 0 0 0 Yong H Kim 1 X 0 0 0 Nathanial X Marshall 1 X 0 0 0 Philip G Mazzara 1 X 0 0 0 Margaret Miller 1 X 0 0 0 Jay W Newkirk 1 X 0 0 0 Ellen G Nygaard 1 X 0 0 0 Kathryn M Pumphrey 1 X 0 0 0 Mary Rose Ragsdale 1 X 0 0 0 Roy A Roberson Jr 1 X 0 0 0 Rosel H Schewel 1 X 0 0 0 Walker P Sydnor Jr 1 X 0 0 0 Andrew J Tatom III 1 X 0 0 0 Thomas A Walker 1 X 0 0 0 Charles B White 1 X 0 0 0 Tucker W Withers 1 X 0 0 0 Percy Wootton 1 X 0 0 0 Kenneth R Garren 60 X 350645 0 45838 Julius A Sigler Jr 55 X 123414 0 17351 John G Eccles 55 X 120117 0 15312 Rita A Detwiler 55 X 118500 0 23262 Denise A McDonald 40 X 120258 0 23485 Edward A Polloway 65 X 107259 0 14355 Stephen E Bright 55 X 139206 0 22753 John C Lewis 60 X 121187 0 20225 David Murphy 40 X 112288 0 21147 Joe Turek 70 X 113373 0 21090 Kevin Brueilly 40 X 122446 0 21641 Atul Gupta 40 X 117167 0 20769 1665860 0 267228 25 0 1 0 Commonfund 15 Old Danbury Road Wilton CT 068978012 Investment Services 493812 Dominion Seven Architects 1000 Jefferson Street Suite 2A Lynchburg VA 24504 Architectual Services 160507 L G Flint Inc 3008 Forest Hills Circle Lynchburg VA 24501 Construction 184594 Ameresco Inc 111 Speen Street 4th Floor Framingham MA 01701 Energy Services 1984565 J E Jamerson & Sons Inc P O Box 395 Appomattox VA 24522 Construction 2246203 7 0 0 33204 0 576869 3932994 203162 4543067 Tuition and Fees 611310 66767895 66767895 0 0 Auxiliary Enterprises 900099 14813606 14813606 0 0 Miscellaneous Revenue 900099 1443542 1443542 0 0 0 0 0 0 83025043 1525498 0 0 1525498 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 44617187 2300 44769954 0 -152767 2300 -150467 0 0 -150467 33002 33204 34874 -1872 0 -1872 0 0 0 0 0 0 0 0 0 0 0 0 Auxiliary - Catering 722320 147866 0 147866 0 0 0 0 0 147866 89089135 83025043 147866 1373159 0 0 27387268 27387268 244345 244345 0 0 1306389 462995 613161 230233 0 0 0 0 26796268 24131724 1788073 876471 2004360 1807356 131988 65016 4447258 4071487 255646 120125 2107701 1851405 175150 81146 0 0 0 0 34696 0 34696 0 59888 0 59888 0 0 0 0 0 23500 23500 585704 0 585704 0 0 0 0 0 86416 52438 33908 70 1239311 1024725 92538 122048 1310235 1260122 12495 37618 0 0 0 0 2759323 2676544 55186 27593 962906 688103 130249 144554 0 0 0 0 0 0 0 0 1306704 1306704 0 0 0 0 0 0 3933678 3933678 0 0 88745 0 88745 0 Food Purchases-Dining Services 2001050 2001050 0 0 Indirect Cost Allocation-Auxiliary/Other 2888900 2888900 0 0 Bookstore Purchases 1082114 1082114 0 0 4634210 4242998 326429 64783 87290969 81113956 4383856 1793157 21874 21604 4289498 4624079 2679117 2660995 771581 606763 0 0 0 0 1634455 1650367 606873 661631 241739 290151 111725865 47727461 62725724 63998404 82762803 78494011 0 0 0 0 0 0 353680 333316 156087344 153341321 6273327 6050548 0 0 1358438 1721740 24103706 22904114 0 0 0 0 1665843 1761469 0 0 2696483 3466632 36097797 35904503 X 49555326 50192818 39797926 36380606 30636295 30863394 119989547 117436818 156087344 153341321 X 1798166 -4350895 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3092 3092 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 11.48% of the 11-12 membership dues ($26,938) were used for lobbying. X 1 470 0 0 0 1 1 0 0 1 0 0 0 0 X X X X 0 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 0.4 0.4 1 0 0 1916944 1916944 0 84915447 35583325 49332122 0 3646886 322375 3324511 0 13329654 9207326 4122328 0 7916934 2614435 5302499 63998404 0 U.S. Government grants refundable 1046864 Interest rate swap agreement liability 2419768 3466632 89089135 87290969 1798166 4086406 0 0 0 264489 4350895 6149061 56525092 -4086406 0 0 -27896102 -31982508 88507600 585704 -4169 581535 89089135 59077821 0 0 0 4169 4169 59073652 585704 27631613 28217317 87290969 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 addressing any issues that may arise. The College has a full-time Director of the Claytor Nature Study Center (the farm) that 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 sculpture by Pierre Daura, works by Amherst County folk artist Queena Dillard Stovall, and numerous works by other American and European artist. 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_L08 Schedule D, Part XI, Line 8 Change in the value of split interest agreements ($264,489). SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Includes Financial Aid ($-27,631,613) and Split interest agreements ($-264,489) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Includes Special events. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Includes Special events. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Includes Financial Aid ($27,631,613). 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 2011-12 fiscal year. These federal awards were received from the U.S. Department of Education and the Department of Commerce. 1 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study Abroad (French) 11638 Central America and the Caribbean 0 0 Program Services Study Abroad (Spanish) 28992 Central America and the Caribbean 0 0 Program Services Study Abroad (Biology) 9281 Central America and the Caribbean 0 0 Program Services St Lucia Feasibility Study 540 Central America and the Caribbean 0 0 Program Services Financial Aid - Students 51440 East Asia and the Pacific 0 0 Program Services Financial Aid - Students 108620 South Asia 0 0 Program Services Financial Aid - Students 40100 Europe (including Iceland and Greenland) 0 0 Program Services Financial Aid - Students 44185 Europe (including Iceland and Greenland) 0 0 Program Services Professional Enrichment 3763 Europe (including Iceland and Greenland) 0 0 Program Services Artwork Purchase 6291 0 0 304850 Non-Funded Financial Aid Central America and the Caribbean 3 51440 Applied to student's tuition and fees account 0 Non-Funded Financial Aid East Asia and the Pacific 5 107720 Applied to the student's tuition and fees account 0 Funded Financial Aid East Asia and the Pacific 1 900 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid South Asia 1 39600 Applied to the student's tuition and fees account 0 Funded Financial Aid South Asia 1 500 Applied to the student's tuition and fees account 0 Non-Funded Financial Aid Europe (including Iceland and Greenland) 3 44185 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 Boards'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 23500 -23500 0 23500 -23500 Golf Tournament 19947 11471 8476 0 0 4748 3218 0 1231 Golf Tournament 16608 6445 10163 0 0 4328 0 0 5576 4 29651 15288 14363 0 0 6673 3320 0 5780 66206 33204 33002 0 0 15749 6538 0 12587 34874 -1872 1 Non-funded Financial Aid 2020 26420634 0 Funded Financial Aid 74 966634 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 scholarship, 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 lll (a) Non-funded Financial Aid is funded from the College's unrestricted resources. Funded Financial Aid consists of the proceeds of endowed scholarships and annual 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 lll (b) 98% of traditional students at the College (2,137) received some form of Financial Aid. Therefore, the number of recipients was estimated by multiplying 98% times 2,137 students or 2,094 students and then prorating 2,137 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 294486 0 54794 0 1365 0 0 0 45838 0 396483 0 0 0 Stephen E Bright 150251 0 0 0 -11045 0 0 0 22753 0 161959 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 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. Industrial Development Authority of the City of Lynchburg Virginia 541225193 55123PBMI 2003-07-16 11937335 Construction & equipping of an academic bldg & student housing 0 0 0 Economic Development Authority of the City of Lynchburg Virginia 541225193 2010-02-23 4680715 Renov & equipping of various bldgs for the purpose of reducing College's energy costs 0 0 0 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 1575000 0 11877388 0 0 0 108399 0 0 11768989 0 0 2005 0 0 1 1 791904 0 4680715 0 0 0 53208 0 0 4627507 0 0 2012 0 0 1 1 580629 0 8837932 0 0 0 100088 0 0 0 8737844 0 1 0 1 1 0 1 0 0 0.0028 0 0.0028 1 0 0 0 0 0 0 0 1 0 1 0 0 0.0007 0 0.0007 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SunTrust Bank 23 0 0 0 0 0 SchK_P02_S00_L03 Schedule K, Part II, Line 3 Column A - The difference between the issue price ($11,937,335) and the total proceeds of the issue ($11,877,388) relates to an Underwriter's discount (-$112,675) and accrued interest ($52,728). Scott Insurance Trustee is President of the Company 178691 Commercial Insurance provider 0 J E Jamerson & Sons Trustee's husband is President of the Company 1632737 Construction 0 Janet Sigler Family member of Julius Sigler, College Officer 36884 Compensation paid as employee of the College 0 Heather Ryan-Sigler Family member of Julius Sigler, College Officer 40121 Compensation paid as employee of the College 0 Annette Eccles Family member of John Eccles, College Officer 18248 Compensation paid as employee of the College 0 Tyler Eccles Family member of John Eccles, College Officer 28385 Compensation paid as employee of the College 0 Sheila Garren Family member of Kenneth Garren, President 25000 Compensation paid as employee of the College 0 X 20867 FMV-Opinion of Expert X 17 157186 Avg hi/low on gift date X Furniture 1 5583 FMV X Camera Equipment 3 1280 FMV X Travel Exps 9 2831 FMV X Miscellaneous 31 15415 FMV 0 0 1 0 SchM_P01_S00_L00 Schedule M, Part I The College is reporting the number of contributions in Part 1, column (b). 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 Trustees which include the Chair of the Board, the Chair of the Budget and Finance Committee, and all members of the Audit Committee, who read over the document and notify the Business Office of their approval within three days. The completed Tax Form 990 is then emailed (or sent by overnight delivery) to all Trustees. The Business Office executes and submits the 990 Form to the IRS. 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. The Board asks each Trustee and each College Officer 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 a 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_L05 Form 990, Part XI, Line 5 This figure includes net unrealized gains ($4,086,406) and change in the value if split interest agreements ($264,489).