2013-05-15T13:10:39-05:00 2012-06-30 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2011-07-01 540505940 RANDOLPH-MACON COLLEGE RAND 8047988372 POST OFFICE BOX 5005 ASHLAND VA 230055505 ROBERT R LINDGREN 8047988372 2013-05-14 1 MARK WOOLWINE P00647446 5403450936 2011 2016-02-24 21:20:13Z ROBERT R LINDGREN POST OFFICE BOX 5005 ASHLAND VA 230055505 66440700 0 X WWW.RMC.EDU X 1830 VA SEE STATEMENT ON SCHEDULE O.RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION, OFFERING BACCALAUREATE DEGREES IN A LIBERAL ARTS CURRICULUM. 43 42 1208 150 505646 -55386 20256183 10641002 45484986 49726505 11799591 4342690 590394 933118 78131154 65643315 17736379 19821179 0 0 23798053 24614043 70901 62840 2408954 17071336 18854037 58676669 63352099 19454485 2291216 219041817 219346600 51385328 52128385 167656489 167218215 X RANDOLPH-MACON IS AN UNDERGRADUATE, COEDUCATIONAL COLLEGE OF THE LIBERAL ARTS. THE PURPOSE OF A RANDOLPH-MACON EDUCATION IS TO DEVELOP THE MIND AND THE CHARACTER OF ITS STUDENTS. THEY ARE CHALLENGED TO COMMUNICATE EFFECTIVELY, TO THINK ANALYTICALLY AND CRITICALLY, TO EXPERIENCE AND APPRECIATE THE CREATIVE PROCESS, TO DEVELOP QUALITIES OF LEADERSHIP, AND TO SYNTHESIZE WHAT THEY KNOW WITH WHO THEY ARE. AT RANDOLPH-MACON COLLEGE THE LIBERAL ARTS CONSTITUTE A COMPREHENSIVE EDUCATIONAL OPPORTUNITY. THE CURRICULUM INCLUDES EXPOSURE BOTH TO BROAD PERSPECTIVES AND SPECIFIC CONCEPTS. STUDENTS EXPLORE THE NATURAL AND SOCIAL SCIENCES, THE ARTS, AND THE HUMANITIES, WHILE THEY ALSO ACHIEVE A DEEPER UNDERSTANDING OF THE SINGLE DISCIPLINE IN WHICH THEY MAJOR. THEY ARE GUIDED IN THIS ENDEAVOR BY A FACULTY OF TEACHER-SCHOLARS WHO ARE DEDICATED TO THE LIBERAL ARTS AND ACTIVE IN THEIR PROFESSIONAL DISCIPLINES AND IN THE EXTRA-CURRICULAR LIFE OF THE CAMPUS. 0 0 54847580 19821179 50175776 RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A FOUR YEAR LIBERAL ARTS CURRICULUM TO APPROXIMATELY 1,300 STUDENTS. 54847580 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 70 0 1 1208 1 1 1 0 0 0 0 0 0 0 0 0 X 43 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN CONKRIGHT ASST SECRETARY TO 8047527211 204 HENRY STREET ASHLAND VA 23005 BRUCE J ADKINS 1.00 X 0 0 0 YVONNE W BRANDON EDD 1.00 X 0 0 0 L PRESTON BRYANT JR THE HON 1.00 X 0 0 0 J W WHITING CHISMAN JR 1.00 X 0 0 0 JOHN P CLARKE MD 1.00 X 0 0 0 WILLIAM F CARNE PHD 1.00 X 0 0 0 RALPH R CROSBY JR 1.00 X 0 0 0 JAMES A DAVIS PHD 1.00 X 0 0 0 SANJAY TANDON 1.00 X 0 0 0 ROBIN ANNE FLOYD 1.00 X X 0 0 0 DOUGLAS W FOARD PHD 1.00 X 0 0 0 CYNTHIA H LEE 1.00 X 0 0 0 TIMOTHY P O'BRIEN 1.00 X 0 0 0 SUSAN D SCHICK 1.00 X 0 0 0 MICHAEL A JESSE PHD 1.00 X 0 0 0 CHARLENE P KAMMERER BISHOP 1.00 X 0 0 0 WILLIAM B KILDUFF ESQ 1.00 X 0 0 0 CHARLES B KING REV HON DDIV 1.00 X 0 0 0 FRANK E LAUGHON JR 1.00 X 0 0 0 ROBERT R LINDGREN 40.00 X X 257618 0 121953 STEPHEN P LONG MD 1.00 X 0 0 0 E JACKSON LUCK 1.00 X 0 0 0 ANDREW K MALONEY ESQ 1.00 X 0 0 0 ANNE D MCDOUGALL ESQ 1.00 X 0 0 0 FRANK J MURPHY III 1.00 X 0 0 0 ALLISON M O'BRIEN 1.00 X 0 0 0 MARK V OGREN REV 1.00 X 0 0 0 STEVEN M PARKER 1.00 X 0 0 0 HAYWOOD A PAYNE JR 1.00 X X 0 0 0 DONALD E PERRY 1.00 X 0 0 0 ALAN B RASHKIND ESQ 1.00 X X 0 0 0 DIANNE L REYNOLDS-CANE MD 1.00 X 0 0 0 ROBERT E RILEY 1.00 X 0 0 0 JAMES L SANDERLIN ESQ 1.00 X 0 0 0 BENJAMIN S SCHAPIRO 1.00 X 0 0 0 THOMAS G SHAFRAN 1.00 X 0 0 0 LEE B SPENCER JR ESQ 1.00 X 0 0 0 KATHRYN V STOTTLEMYER 1.00 X 0 0 0 SAMUEL E VICHNESS PHD 1.00 X 0 0 0 R DOUGLAS WHITE 1.00 X 0 0 0 CHARLES S WILSON JR MD 1.00 X 0 0 0 CHARLES W WORNOM 1.00 X 0 0 0 DAVID E YAWARS 1.00 X 0 0 0 JOHN C CONKRIGHT 40.00 X 109763 0 21057 PAUL T DAVIES 40.00 X 146205 0 39981 DIANE M LOWDER 40.00 X 149148 0 22910 DAVID L LESESNE 40.00 X 138853 0 23849 M THOMAS INGE 40.00 X 136568 0 19712 WILLIAM T FRANZ 40.00 X 148014 0 20854 JOHN RUSSELL RABUNG 40.00 X 116383 0 18897 JOHN A AHLADAS 40.00 X 101081 0 9815 1303633 0 299028 12 1 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 3318556 KJELLSTROM AND LEE INC 1607 OWNBY LANE RICHMOND VA 23220 CONSTRUCTION SERVICES 3046251 ENGLISH CONSTRUCTION COMPANY INC PO BOX P-7000 LYNCHBURG VA 24505 CONSTRUCTION SERVICES 2354124 RIDDLEBERGER BROTHERS INC PO BOX 27 MOUNT CRAWFORD VA 22841 HVAC MAINTENANCE & REPAIRS 525718 MARCELLUS WRIGHT COX ARCHITECTS 7818 SHRADER ROAD HENIRCO VA 232944222 ARCHITECTS 448744 19 616552 10024450 391396 10641002 TUITION AND FEES 611310 39458827 39458827 AUXILIARY SERVICES 611310 10267678 9997663 270015 49726505 1266610 -1170 1267780 30900 53869 -22969 -22969 -22969 3076080 0 3076080 3076080 3076080 874081 743516 130565 -106236 236801 MISCELLANEOUS PROGRAMS 900099 825522 825522 825522 65643315 50175776 505646 4320891 19821179 19821179 698381 121354 455674 121353 18827867 15206006 2314745 1307116 1344125 1005297 305764 33064 2429470 1937155 443078 49237 1314200 987194 227404 99602 66476 2300 64176 93713 93713 1945 1945 62840 62840 32956 8980 23772 204 809277 754116 26535 28626 2960069 2116073 438839 405157 806601 689351 92905 24345 3131045 2442474 683916 4655 500899 380806 29334 90759 871288 557139 201826 112323 1083682 1049059 29790 4833 2491204 2354571 117559 19074 340438 340438 STUDENT FOOD SERVICE 2984195 2984195 INTERCOLLEGIATE ATHLETI 1075944 1075944 POST RETIREMENT BENEFIT 1033993 827194 175779 31020 LIBRARY & LIBRARY SERVI 320789 320789 249523 206404 28373 14746 63352099 54847580 6095565 2408954 8512337 6689171 5904330 11621829 16408145 7066957 1517150 2057810 4302075 4442750 155283 208487 107815007 42955610 57782655 64859397 90901446 88274468 31285057 31658673 2273339 2467058 219041817 219346600 4812599 4289553 1541133 2247229 30345000 30505000 816343 95793 13870253 14990810 51385328 52128385 X 88767801 87460804 37754478 35312673 41134210 44444738 167656489 167218215 219041817 219346600 X 2291216 -2729490 X 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 1945 1945 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV), AN ASSOCIATION OF 29 INDEPENDENT COLLEGES AND UNIVERSITIES. CICV WORKS TO PROMOTE THE INTERESTS OF NON-PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINIA. CICV WORKED TO INITIATE AND CONTINUES TO PROMOTE THE STATE'S NON-NEED BASED TUITION ASSISTANCE PROGRAM FOR VIRGINIA STUDENTS ATTENDING A PRIVATE INSTITUTION. ADDITIONALLY, CICV MONITORS LEGISLATIVE AND REGULATORY ACTIONS WHICH AFFECT THE MEMBERSHIP BY A PRESENCE DURING THE GENERAL ASSEMBLY SESSIONS TO REVIEW PROPOSED LEGISLATION AND INTERACT WITH VARIOUS ADMINISTRATIVE AGENCIES. CICV IS ENGAGED IN PROMOTING THE AWARENESS OF VIRGINIA'S INDEPENDENT COLLEGES TO POTENTIAL STUDENTS THROUGH PUBLICATIONS AND BY SPONSORING VA PRIVATE COLLEGE WEEK. CICV ALSO PROVIDES ANALYZED DATA TO MEMBER INSTITUTIONS AND APPROPRIATE STATE AGENCIES TO PROMOTE VENTURES WHERE EFFICIENCIES CAN BE ACHIEVED BY THE PARTICIPATION OF A GROUP OF INSTITUTIONS. THE COLLEGE PAYS A MEMBERSHIP FEE BASED UPON STUDENT POPULATION. FOR THE YEAR ENDED JUNE 30, 2012, CICV EXPENDED APPROXIMATELY 11.48% OF THE MEMBERSHIP FEE FOR LOBBYING ACTIVITIES. THE COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (NAICU). NAICU SERVES AS THE UNIFIED NATIONAL VOICE OF INDEPENDENT HIGHER EDUCATION. SINCE 1976, THE ASSOCIATION HAS REPRESENTED PRIVATE COLLEGES AND UNIVERSITIES ON POLICY ISSUES WITH THE FEDERAL GOVERNMENT, SUCH AS THOSE AFFECTING STUDENT AID, TAXATION, AND GOVERNMENT REGULATION. THE NAICU STAFF MEETS WITH POLICYMAKERS, TRACKS CAMPUS TRENDS, CONDUCTS RESEARCH, ANALYZES HIGHER EDUCATION ISSUES, PUBLISHES INFORMATION, HELPS COORDINATE STATE-LEVEL ACTIVITIES, AND ADVISES MEMBERS OF LEGISLATIVE AND REGULATORY DEVELOPMENTS WITH POTENTIAL IMPACT ON THEIR INSTITUTIONS. NAICU SPEARHEADED INITIATIVES INCLUDE THE STUDENT AID ALLIANCE, AN EFFORT TO ENHANCE FUNDING FOR EXISTING STUDENT AID PROGRAMS, AND THE NONPARTISAN NATIONAL CAMPUS VOTER REGISTRATION PROJECT. NAICU'S 1,000 MEMBERS NATIONWIDE REFLECT THE DIVERSITY OF PRIVATE, NONPROFIT HIGHER EDUCATION IN THE UNITED STATES. MEMBERS INCLUDE TRADITIONAL LIBERAL ARTS COLLEGES, MAJOR RESEARCH UNIVERSITIES, CHURCH- AND FAITH-RELATED INSTITUTIONS, HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, WOMEN'S COLLEGES, PERFORMING AND VISUAL ARTS INSTITUTIONS, TWO-YEAR COLLEGES, AND SCHOOLS OF LAW, MEDICINE, ENGINEERING, BUSINESS, AND OTHER PROFESSIONS. NAICU IS COMMITTED TO CELEBRATING AND PROTECTING THIS DIVERSITY OF THE NATION'S PRIVATE COLLEGES AND UNIVERSITIES. FOR THE YEAR ENDED JUNE 30, 2012, NAICU EXPENDED APPROXIMATELY 6% OF THE MEMBERSHIP FEE FOR LOBBYING ACTIVITIES. 30300 1377488 X X X 0 120318665 3673013 1445389 1259119 5556471 35179 118586298 103125070 1986950 22427480 1255518 5526873 438444 120318665 96099380 1289142 13515077 1288186 4035581 2454762 103125070 127907075 2145753 -28490056 1159485 4303907 96099380 0.51310 0.34860 0.13830 1 0 4319610 4319610 79186406 30121421 49064985 308834 45038 263796 17143804 12789151 4354653 6856353 6856353 64859397 CASH AND TEMPORARY INVESTMENTS 2965950 F MARKETABLE ALTERNATIVE ASSETS 16894499 F NONMARKETABLE ALTERNATIVE ASSETS 7409059 F REAL ESTATE/MORTGAGES AND OTHER 4389165 F 31658673 ANNUITIES PAYABLE 1486083 POST RETIREMENT BENEFIT LIABILITY 11097895 REFUNDABLE LOAN PROGRAMS 2406832 14990810 65643315 63352099 2291216 -2787084 57594 -2729490 -438274 43832437 -2787084 797385 -1989699 45822136 19821179 19821179 65643315 44328305 797385 797385 43530920 19821179 19821179 63352099 PART III, LINE 4: RANDOLPH-MACON COLLEGE MAINTAINS A COLLECTION OF ORIGINAL ART WHICH SERVES AS A PRIMARY SOURCE FOR RESEARCH, EDUCATION AND EDIFICATION. BUILT AROUND A DONATION OF ORIENTAL ART FROM THE ESTATE OF SENATOR HUGH SCOTT, AN ALUMNUS OF THE COLLEGE, THE PRESENT COLLECTION HAS BEEN FORMED MOSTLY FROM DONATIONS TO FURTHER THE PERMANENT HOLDINGS IN ART FOR THE BENEFIT OF FACULTY AND STUDENTS. NO ASPECT OR ITEM FROM THE PERMANENT COLLECTION IS OFFERED FOR SALE OR PURCHASE; THE COLLECTION REMAINS INTACT FOR ACADEMIC STUDY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVEUNE CODE. THE FEDERAL FORM 990 OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK STORE COST OF GOODS SOLD NETTED AGAINST INCOME 743,516. RENTAL EXPENSES NETTED AGAINST INCOME 53,869. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 19,821,179. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOK STORE COST OF GOODS SOLD NETTED AGAINST INCOME 743,516. RENTAL EXPENSES NETTED AGAINST INCOME 53,869. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 19,821,179. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS STATED IN THE COLLEGE CATALOG, ADMISSIONS BROCHURES AND IN RECRUITING MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID MOST OF WHICH IS PASSED THROUGH TO STUDENTS. X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES 401 N MICHIGAN AVENUE STE 2800 CHICAGO IL 60611 CAMPAIGN CONSULTATION 0 0 23872 -23872 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 524063018 TELEPHONE SOLICITATIONS 0 0 38968 -38968 62840 -62840 VA 1 COLLEGE DESIGNATED (UNFUNDED) GRANTS AND SCHOLARSHIPS 1073 18100399 DONOR RESTRICTED (FUNDED) GRANTS AND SCHOLARSHIPS 228 1629559 FEDERAL SUPPLEMENTAL GRANTS 100 91221 X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERT R LINDGREN 252524 0 0 0 5094 0 87050 0 34903 0 379571 0 0 0 PAUL T DAVIES 146205 0 0 0 0 0 29177 0 10804 0 186186 0 0 0 DIANE M LOWDER 142712 0 0 0 6436 0 13323 0 9587 0 172058 0 0 0 DAVID L LESESNE 138853 0 0 0 0 0 13072 0 10777 0 162702 0 0 0 M THOMAS INGE 136568 0 0 0 0 0 11710 0 8002 0 156280 0 0 0 WILLIAM T FRANZ 148014 0 0 0 0 0 13595 0 7259 0 168868 0 0 0 JOHN A AHLADAS 101081 0 0 0 0 0 8830 0 985 0 110896 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY OF THE TOWN OF ASHLAND VIRGINIA 521353936 2004-12-15 4900000 RENOVATE DORMITORIES, REFURBISH GYM, UPGRADE HVAC IN GYM & ADDITIONAL DORMS 0 0 0 ECONOMIC DEVELOPMENT AUTHORITY OF THE TOWN OF ASHLAND VIRGINIA 521353936 2011-04-01 10000000 CONSTRUCT DORMITORY, RENNOVATE HOUSE, OTHER CAPITAL IMPROVEMENTS 0 0 0 4900000 59895 4840105 2007 0 0 1 1 10000000 123450 9876550 2011 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 E JACKSON LUCK TRUSTEE 36735 JACKSON LUCK IS A PRINCIPAL IN LUCK MOTORS, A LOCAL CHEVROLET DEALER. THE COLLEGE PURCHASED TWO VEHICLES, PARTS AND LABOR FROM THE DEALERSHIP DURING THE YEAR. 0 PARKER DILLARD FORMER TRUSTEE 2798 PARKER DILLARD IS A PRINCIPAL IN ARCET EQUIPMENT COMPANY. DURING FY12, THE COLLEGE PURCHASED GASES FOR SCIENCE LABS AND MAINTENANACE SHOP USE. 0 MARK OGREN TRUSTEE 10000 MARK OGREN IS MARRIED TO MARGIE TURBYFILL, WHO PROVIDES CAREER COUNSELING TO STUDENTS IN THE PURNELL BAILEY PRE-MINISTERIAL PROGRAM ON A CONTRACTED BASIS. 0 WILLIAM F CARNE PHD TRUSTEE 23730 WILLIAM F. CARNE IS MARRIED TO LINDA CARNE WHO WAS HIRED AS A DIRECTOR FOR THE MAJOR CAREER COUNSELING PROGRAM, STARTING FEBRUARY 2012. AT THE END ON THE CURRENT FISCAL YEAR, MR. CARNE STEPPED DOWN AS TRUSTEE. 0 X 2 30300 DONOR VALUE X 200000 DONOR VALUE X 37 161096 AVE HIGH/LOW AT TRANSFER 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 PROCESS FOR REVIEWING 990: THE TREASURER, CONTROLLER AND PRESIDENT CONSULT TO DETERMINE THAT A DRAFT OF THE 990 FORM IS ACCURATE TO THE BEST OF THEIR KNOWLEDGE. THE DRAFT IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES (BOT) ELECTRONICALLY. CORRECTIONS, COMMENTS AND SUGGESTIONS FROM ALL MEMBERS ARE COMPILED AND, AS APPROPRIATE, INCORPORATED INTO THE RETURN, AND, BY CHARTER MANADATE, THE AUDIT COMMITTEE OF THE BOT REVIEWS THE DRAFT BEFORE FINAL FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EACH FALL THE ASSISTANT SECRETARY TO THE BOARD OF TRUSTEES DISTRIBUTES THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS TO THE TRUSTEES AND TO COVERED EMPLOYEES. HE IS RESPONSIBLE FOR ENSURING THAT ALL DISTRIBUTED STATEMENTS ARE COMPLETED AND RETURNED AND REVIEWED FOR POTENTIAL CONFLICTS. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REPORTS THE RESULTS OF THE QUESTIONNAIRES TO THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE REPORTS CONFLICTS TO THE FULL BOARD FOR APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE 2006 SEARCH FOR RANDOLPH-MACON'S CURRENT CEO (PRESIDENT) WAS ACCOMPLISHED BY A COMMITTEE APPOINTED AND CHAIRED BY THE SITTING CHAIR OF THE BOARD OF TRUSTEES. THIS COMMITTEE [COMPOSED IN THE MAJORITY OF BOARD MEMBERS] WORKED WITH AND WAS ADVISED BY A PROFESSIONAL SEARCH CONSULTANT THROUGH THE SELECTION PROCESS AS WELL AS THE NEGOTIATION OF A COMPENSATION PACKAGE. THE RESULTS OF THIS DELIBERATION ARE EVIDENCED BY THE SALARY LETTER SIGNED BY THE BOARD CHAIR. THE PRESIDENT'S PERFORMANCE IS EVALUATED ANNUALLY BY A SPECIAL COMMITTEE OF TRUSTEES APPOINTED BY THE CHAIR OF THE BOARD; COMPENSATION DELIBERATIONS INCLUDE REVIEW OF DATA FROM FORMS 990 OF OTHER INSTITUTIONS AS WELL AS OTHER SURVEYS OF EXECUTIVE COMPENSATION. LINE 15B: WHEN OTHER SENIOR ADMINISTRATORS ARE HIRED, HUMAN RESOURCES PROVIDES THE POSITION'S SUPERVISOR WITH DATA FROM THE CUPA HR SALARY SURVEY OF HIGHER EDUCATION AND, IF DEEMED APPROPRIATE, ADDITIONAL INFORMATION FROM THE US MERCER BENCHMARKING DATABASE FOR METROPOLITAN RICHMOND TO HELP ESTABLISH INITIAL SALARIES. ANNUAL EVALUATIONS ARE PERFORMED, AND, WHEN MERIT INCREASE FUNDS ARE AVAILABLE, UPDATED COMPARISON SALARY DATA IS PROVIDED TO MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,787,084. PRIOR PERIOD ADJUSTMENTS: 57,594. TOTAL TO FORM 990, PART XI, LINE 5: -2,729,490. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LINE 12 ADVERTISING FORM 990, PART IX, LINE 12: ADVERTISING AND PROMOTION EXPENSES INCLUDE, BUT ARE NOT LIMITED TO, THE PRINTING AND PUBLICATION OF MATERIALS TO MAKE POTENTIAL STUDENTS AWARE OF THE COLLEGE'S PROGRAMS AND OPPORTUNITIES. THIS LINE ALSO INCLUDES THE EXPENSES OF PUBLICIZING EVENTS AND ACTIVITIES SPONSORED BY ALUMNI RELATIONS, OFFICE OF ADVANCEMENT, ATHLETICS AND OTHER DEPARTMENTS ON CAMPUS TO STUDENTS, FACULTY, STAFF, ALUMNI AND THE GENERAL PUBLIC. CONTINUATION OF MISSION STATEMENT FORM 990, PART III, LINE 1: AT RANDOLPH-MACON THE MATURATION AND TESTING OF THE SKILLS, VALUES, AND CHARACTER REQUIRED FOR A LIFETIME OF CHALLENGES EXTENDS BEYOND THE CLASSROOM. STUDENTS ARE ENCOURAGED TO MEET WITH FACULTY BOTH SOCIALLY AND INTELLECTUALLY, AND THEY HAVE THE OPPORTUNITY TO PARTICIPATE IN A VARIETY OF EXTRA-CURRICULAR ACTIVITIES. INTERACTION WITHIN THE COLLEGE COMMUNITY IS ASSURED BY RESIDENTIAL ENVIRONMENT AND AN ENROLLMENT OF APPROXIMATELY THIRTEEN HUNDRED. LOCATED IN ASHLAND, VIRGINIA RANDOLPH-MACON COLLEGE OFFERS A CURRICULUM AND A CULTURAL LIFE ENRICHED BY THE CLOSE PROXIMITY OF METROPOLITAN RICHMOND AND WASHINGTON, D.C. A RANDOLPH-MACON EDUCATION CONVEYS A SENSE OF LIFE DEFINED BY HISTORICAL CONTINUITY AND ETHICAL RESPONSIBILITY. FOUNDED BY METHODISTS IN 1830, RANDOLPH-MACON IS AN INDEPENDENT COLLEGE THAT RETAINS A RELATIONSHIP WITH THE UNITED METHODIST CHURCH. THROUGH THIS LIVING TIE THE COLLEGE DRAWS STRENGTH FROM A RELIGIOUS TRADITION THAT NURTURES CREATIVE SOCIAL CHANGE AND PERSONAL ACCOUNTABILITY. RANDOLPH-MACON BELIEVES THAT A LIBERAL ARTS EDUCATION CHALLENGES THE INTELLECT, IMAGINATION, AND CHARACTER. GRADUATES OF THE COLLEGE HAVE THE CAPACITY TO REALIZE THEIR POTENTIAL AS PROFESSIONALS, LEADERS, AND LIFELONG LEARNERS. THE COMPREHENSIVE NATURE OF A LIBERAL ARTS EDUCATION AT RANDOLPH-MACON COLLEGE PREPARES STUDENTS TO RESPOND TO THE CHANGING CAREER OPPORTUNITIES AND TO MEET LIFE'S CHALLENGES WITH CONFIDENCE, ENTHUSIASM, AND ETHICAL AWARENESS. LINE 24A: OTHER SUPPLIES AND SERVICES FORM 990, PART IX, LINE 24A: THIS AMOUNT INCLUDES PURCHASES OF SUPPLIES, EQUIPMENT AND MAINTENANCE EXPENSE AS WELL AS ACTIVITIES RELATED TO CLASSROOMS, LABORATORIES AND OTHER DEPARTMENTS.