UNIVERSITY OF LYNCHBURG: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY OF LYNCHBURG (EIN 54-0505922)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-02-22
IRS object ID: 201210619349300246
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-02-22T08:56:22-07:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	540505922	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LYNCHBURG COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LYNC	NameControl
Phone	4345448428	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1501 Lakeside Drive	AddressLine1
City	Lynchburg	City
State	VA	State
ZIP Code	24501	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Steve Bright	Name
Title	VP for Business & Finance	Title
Phone	4345448428	Phone
Date Signed	2012-02-15	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Steve Bright	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1501 Lakeside Drive	AddressLine1
City	Lynchburg	City
State	VA	State
ZIP Code	24501	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	131799191	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.lynchburg.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1903	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	37	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	33	NbrIndependentVotingMembers
Total Nbr Employees	1856	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	122607	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	3841062	ContributionsGrantsPriorYear
Contributions Grants Current Year	4314459	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	74749256	ProgramServiceRevenuePriorYear
Program Service Revenue CY	78836377	ProgramServiceRevenueCY
Investment Income Prior Year	-2444770	InvestmentIncomePriorYear
Investment Income Current Year	4028023	InvestmentIncomeCurrentYear
Other Revenue Prior Year	93668	OtherRevenuePriorYear
Other Revenue Current Year	122826	OtherRevenueCurrentYear
Total Revenue Prior Year	76239216	TotalRevenuePriorYear
Total Revenue Current Year	87301685	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	23944395	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	25132421	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	32638649	SalariesEtcPriorYear
Salaries Etc Current Year	34778030	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	7237	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	48000	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	1655997	TotalFundrsngExpCurrentYear
Other Expense Prior Year	22855048	OtherExpensePriorYear
Other Expenses Current Year	22932702	OtherExpensesCurrentYear
Total Expenses Prior Year	79445329	TotalExpensesPriorYear
Total Expenses Current Year	82891153	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-3206113	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	4410532	RevenuesLessExpensesCY
Total Assets BOY	143724257	TotalAssetsBOY
Total Assets EOY	156087344	TotalAssetsEOY
Total Liabilities BOY	37596486	TotalLiabilitiesBOY
Total Liabilities EOY	36097797	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	106127771	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	119989547	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	45496992	Expense
Grants	25132421	Grants
Revenue	0	Revenue
Description	Includes student instruction and scholarships. For the Fall 2010, there were 2,197 undergraduates, 446 graduates for a total enrollment of 2,643 students.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	11503831	Expense
Grants	0	Grants
Revenue	0	Revenue
Description	Includes auxiliary enterprises (such as the dining services, student housing, bookstore, and other snack bar areas).	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	8705337	Expense
Grants	0	Grants
Revenue	0	Revenue
Description	Includes other institutional services (such as information technology, interest expense, and other allocated expenses) that support student instruction.	Description

Activity Other ActivityOther (2 entries)

ExpenseExpense	GrantsGrants	RevenueRevenue	DescriptionDescription
7726296	0	0	Includes Student Services which consists of enrollment services, registrar, health and counseling services, student activities, sports, and recreation.
3548631	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.

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	11274927	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	0	TotalOfOtherProgramServiceRev
Total Program Service Expense	76981087	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	1	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	1	ConservationEasements
Collections Of Art	1	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	1	School
Foreign Office	0	ForeignOffice
Foreign Activities	1	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	1	MoreThan5000KToIndividuals
Professional Fundraising	1	ProfessionalFundraising
Fundraising Activities	1	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	1	TaxExemptBonds
Invest Tax Exempt Bonds	0	InvestTaxExemptBonds
Escrow Account	0	EscrowAccount
On Behalf Of Issuer	0	OnBehalfOfIssuer
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	1	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	1	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	1	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	1	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	188	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	1856	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Form8899 Filed	0	Form8899Filed
Form1098 C Filed	0	Form1098CFiled
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	37	NbrVotingGoverningBodyMembers
Number Independent Voting Members	33	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	VA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Steve Bright	NamePerson
Telephone Number	4345448428	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1501 Lakeside Drive	AddressLine1
City	Lynchburg	City
State	VA	State
ZIP Code	24501	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (49 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
Thomas L Booker
Trustee	1	X	0	0	0
Alan A Burgess
Trustee	1	X	0	0	0
Howard M Butler
Trustee	1	X	0	0	0
Fred R Cawthorne
Trustee	1	X	0	0	0
Charles P Collings
Trustee	1	X	0	0	0
Stephen L Crank
Trustee	1	X	0	0	0
Richard O Danker
Trustee	1	X	0	0	0
MaryJane Tousignant Dolan
Trustee	1	X	0	0	0
Julie P Doyle
Trustee	1	X	0	0	0
Douglas D Drysdale
Trustee	1	X	0	0	0
Rebecca DuFour
Trustee	1	X	0	0	0
Elena Edwards
Trustee	1	X	0	0	0
Mary S Elcano
Trustee/Corporate Officer	1	X	0	0	0
Stuart C Fauber
Trustee/Corporate Officer	1	X	0	0	0
Pauline B Flint
Trustee/Corporate Officer	1	X	0	0	0
Suzanne F Flynn
Trustee	1	X	0	0	0
Mary H Futrell
Trustee	1	X	0	0	0
Roger H Green
Trustee	1	X	0	0	0
Yuille Holt III
Trustee	1	X	0	0	0
Terry H Jamerson
Trustee	1	X	0	0	0
Yong H Kim
Trustee	1	X	0	0	0
Andrew J Larsen
Trustee	1	X	0	0	0
Nathanial X Marshall
Trustee	1	X	0	0	0
Philip G Mazzara
Trustee	1	X	0	0	0
Jay W Newkirk
Trustee	1	X	0	0	0
Ellen G Nygaard
Trustee/Corporate Officer	1	X	0	0	0
Kathryn M Pumphrey
Trustee	1	X	0	0	0
Mary Rose Ragsdale
Trustee	1	X	0	0	0
Roy A Roberson Jr
Trustee	1	X	0	0	0
Rosel H Schewel
Trustee	1	X	0	0	0
Walker P Sydnor Jr
Trustee	1	X	0	0	0
Andrew J Tatom III
Trustee	1	X	0	0	0
Thomas A Walker
Trustee	1	X	0	0	0
Catherine G West
Trustee (Resigned February 2011)	1	X	0	0	0
Charles B White
Trustee	1	X	0	0	0
Tucker W Withers
Trustee	1	X	0	0	0
Percy Wootton
Trustee	1	X	0	0	0
Kenneth R Garren
President of the College	60		321754	0	45702	X
Julius A Sigler Jr
VP and Dean for Academic Affairs	60		122572	0	17269	X
John G Eccles
VP and Dean for Student Development	50		113377	0	18915	X
Rita A Detwiler
VP for Enrollment Management	45		115710	0	23099	X
Denise A McDonald
VP for Advancement	60		117688	0	23381	X
Edward A Polloway
VP for Comm Adv & Dean of Grad Studies	60		105671	0	15602	X
Stephen E Bright
VP for Business and Finance and Treas	55		138005	0	38547	X
John C Lewis
Associate VP for Business & Finance	60		118742	0	20067		X
David Murphy
Professor	50		114703	0	22383		X
Howard Ramagli
Assc VP for Information Tech & Resources	40		112501	0	15651		X
Kevin Brueilly
Assoc Professor/Dir Physical Therapy	60		120878	0	21433		X
Atul Gupta
Professor	40		108950	0	20766		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1610551	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	282815	TotalOtherCompensation
Number Individuals GT100 K	23	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Commonfund
15 Old Danbury Road	Wilton	CT	068978012	Investment Services	535416
Dominion Seven Architects
1000 Jefferson Street Suite 2A	Lynchburg	VA	24504	Architectual Services	351975
L G Flint Inc
3008 Forest Hills Circle	Lynchburg	VA	24501	Construction	732759
Ameresco Inc
111 Speen Street 4th Floor	Framingham	MA	01701	Energy Services	2744871
J E Jamerson & Sons Inc
P O Box 395	Appomattox	VA	24522	Construction	3036862

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	9	NumberOfContractorsGT100K
Federated Campaigns	0	FederatedCampaigns
Membership Dues	0	MembershipDues
Fundraising Events	23174	FundraisingEvents
Related Organizations	0	RelatedOrganizations
Government Grants	685507	GovernmentGrants
All Other Contributions	3605778	AllOtherContributions
Noncash Contributions	274842	NoncashContributions
Total Contributions	4314459	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Tuition and Fees	611310	61943124	61943124	$0
Auxiliary Enterprises	900099	14658989	14658989	$0
Miscellaneous Revenue	900099	2234264	2234264	$0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	78836377	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1420314	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$1,420,314	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	47073648	Securities
Other	3750	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	44465438	Securities
Other	4251	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	2608210	Securities
Other	-501	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	2607709	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$2,607,709	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	28036	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	23174	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	27817	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	219	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$219	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Gaming	0	GrossIncomeGaming
Gaming Direct Expenses	0	GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	0	GrossSalesOfInventory
Cost Of Goods Sold	0	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Auxiliary - Catering	Description
Business Code	722320	BusinessCode
Total Revenue Column	122607	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	122607	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	122607	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	87301685	TotalRevenueColumn
Related Or Exempt Function Income	78836377	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	122607	UnrelatedBusinessRevenue
Exclusion	$4,028,242	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	25004691	Total
Program Services	25004691	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	127730	Total
Program Services	127730	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1272063	Total
Program Services	457488	ProgramServices
Management And General	598727	ManagementAndGeneral
Fundraising	215848	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	25698765	Total
Program Services	23143357	ProgramServices
Management And General	1741540	ManagementAndGeneral
Fundraising	813868	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1946878	Total
Program Services	1755835	ProgramServices
Management And General	129937	ManagementAndGeneral
Fundraising	61106	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	3811562	Total
Program Services	3513799	ProgramServices
Management And General	201441	ManagementAndGeneral
Fundraising	96322	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2048762	Total
Program Services	1800452	ProgramServices
Management And General	171891	ManagementAndGeneral
Fundraising	76419	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	51459	Total
Program Services	0	ProgramServices
Management And General	51459	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	90431	Total
Program Services	0	ProgramServices
Management And General	90431	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	48000	Total
Fundraising	48000	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	535416	Total
Program Services	0	ProgramServices
Management And General	535416	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	60082	Total
Program Services	26095	ProgramServices
Management And General	33887	ManagementAndGeneral
Fundraising	100	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1322609	Total
Program Services	1096059	ProgramServices
Management And General	108901	ManagementAndGeneral
Fundraising	117649	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1376091	Total
Program Services	1331599	ProgramServices
Management And General	10329	ManagementAndGeneral
Fundraising	34163	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	2900685	Total
Program Services	2813664	ProgramServices
Management And General	58014	ManagementAndGeneral
Fundraising	29007	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	912341	Total
Program Services	712105	ProgramServices
Management And General	104967	ManagementAndGeneral
Fundraising	95269	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	1238346	Total
Program Services	1238346	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3796858	Total
Program Services	3796858	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	88745	Total
Program Services	0	ProgramServices
Management And General	88745	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Food Purchases-Dining Services	1979460	1979460	0	0
Indirect Cost Alloc-Auxiliary/Other	3012435	3012435	0	0
Bookstore Purchases	1192577	1192577	0	0
Other Miscellaneous	4375167	3978537	328384	68246

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	82891153	Total
Program Services	76981087	ProgramServices
Management And General	4254069	ManagementAndGeneral
Fundraising	1655997	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	22331	BOY
EOY	21874	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	8826682	BOY
EOY	4289498	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	2266137	BOY
EOY	2679117	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	560310	BOY
EOY	771581	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	1651274	BOY
EOY	1634455	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	528027	BOY
EOY	606873	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	319673	BOY
EOY	241739	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	108120099	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	45394375	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	57538563	BOY
EOY	62725724	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	71659563	BOY
EOY	82762803	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	351697	BOY
EOY	353680	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	143724257	BOY
EOY	156087344	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6875298	BOY
EOY	6273327	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1199616	BOY
EOY	1358438	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	19983715	BOY
EOY	24103706	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	6688602	BOY
EOY	1665843	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2849255	BOY
EOY	2696483	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	37596486	BOY
EOY	36097797	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	45933199	BOY
EOY	49555326	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	20591549	BOY
EOY	39797926	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	39603023	BOY
EOY	30636295	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	106127771	BOY
EOY	119989547	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	143724257	BOY
EOY	156087344	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	4410532	ReconcilationRevenueExpenses
Reconcilation Other Changes	9451244	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	1	FederalGrantAuditRequired
Federal Grant Audit Performed	1	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	Volunteers
Paid Staff Or Management	0	PaidStaffOrManagement
Media Advertisements	0	MediaAdvertisements
Mailings Members	0	MailingsMembers
Publications Or Broadcast	0	PublicationsOrBroadcast
Grants Other Organizations	0	GrantsOtherOrganizations
Direct Contact Legislators	0	DirectContactLegislators
Rallies Demonstrations	0	RalliesDemonstrations
Other Activities	1	OtherActivities
Other Activities	$3,050	OtherActivitiesAmount
Total Lobbying Expenditures IIB	3050	TotalLobbyingExpendituresIIB
Not Described In501c3	0	NotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	SchC_P2B_S00_L01	Identifier
Return Reference	Schedule C, Part II-B, Line 1	ReturnReference
Explanation	The College is a member of the Council of Independent Colleges in Virginia (CICV) which is an association of 27 Virginia independent colleges and universities which works to promote the interests of non-profit, independent higher education in Virginia. The CICV monitors legislative and regulatory actions which affect Virginia private colleges. CICV staff members are present in Richmond during the General Assembly session and review proposed legislation for potential impact on member institutions. Where appropriate, CICV seeks the passage of legislation which benefits its institutions and students. CICV also maintains a close working relationship with various administrative agencies which regulate and interact with higher education in Virginia. They also coordinate the advocacy of Virginia's independent colleges for increased funding for TAG and other programs assisting students at independent colleges. CICV estimates that 11.5% of the College's 10-11 annual membership dues ($26,524) were used for lobbying expenses.	Explanation

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Preservation Of Open Space	X	PreservationOfOpenSpace
Total Number Of Easements	1	TotalNumberOfEasements
Total Acreage	470	TotalAcreage
Nmbr Hist Struct Easements	0	NmbrHistStructEasements
Nmbr Hist Struct Easements After	0	NmbrHistStructEasementsAfter
Nmbr Easements Modified	0	NmbrEasementsModified
Nmbr States In Which Easements Held	1	NmbrStatesInWhichEasementsHeld
Written Policy Monitoring	1	WrittenPolicyMonitoring
Staff Hours Spent On Enforcement	0	StaffHoursSpentOnEnforcement
Expenses Incurred For Enforcement	0	ExpensesIncurredForEnforcement
Sect170h Requirements Satisfied	1	Sect170hRequirementsSatisfied

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	9500	RevenuesIncluded
Assets In Part X	9500	AssetsInPartX

Held Works Of Art Amts HeldWorksOfArtAmts

Field	Value	IRS element (for citing)
Revenues Included	0	RevenuesIncluded
Assets In Part X	0	AssetsInPartX

Field	Value	IRS element (for citing)
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	1	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	67588783	BeginningOfYearBalance
Contributions	1346038	Contributions
Investment Earnings Or Losses	12154581	InvestmentEarningsOrLosses
Grants Or Scholarships	892640	GrantsOrScholarships
Other Expenditures	1187773	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	79008989	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	62177036	BeginningOfYearBalance
Contributions	1013976	Contributions
Investment Earnings Or Losses	5724299	InvestmentEarningsOrLosses
Grants Or Scholarships	373692	GrantsOrScholarships
Other Expenditures	952836	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	67588783	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	82010777	BeginningOfYearBalance
Contributions	784675	Contributions
Investment Earnings Or Losses	-18381644	InvestmentEarningsOrLosses
Grants Or Scholarships	776669	GrantsOrScholarships
Other Expenditures	1460103	OtherExpenditures
Administrative Expenses	0	AdministrativeExpenses
End Of Year Balance	62177036	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.2	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.76	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.04	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	1	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	1832444	OtherCostOrOtherBasis
Book Value	1832444	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	81491525	OtherCostOrOtherBasis
Depreciation	33275805	Depreciation
Book Value	48215720	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	2900085	OtherCostOrOtherBasis
Depreciation	134653	Depreciation
Book Value	2765432	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	13761415	OtherCostOrOtherBasis
Depreciation	9590492	Depreciation
Book Value	4170923	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	8134630	OtherCostOrOtherBasis
Depreciation	2393425	Depreciation
Book Value	5741205	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	62725724	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	Debt Issuance costs	Description
Book Value	353680	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	353680	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
U.S. Government grants refundable	$1,075,202
Interest rate swap agreement liability	$1,621,281

Field	Value	IRS element (for citing)
Total Of Amounts	2696483	TotalOfAmounts
Total Revenue	87301685	TotalRevenue
Total Expenses	82891153	TotalExpenses
Excess Or Deficit For Year	4410532	ExcessOrDeficitForYear
Net Unrealized GL On Investments	9517301	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	0	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	-$66,057	OtherAmount
Total Adjustments	9451244	TotalAdjustments
Excess Or Deficit Per FS	13861776	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	71084873	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	9517301	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	-25198478	OtherRevenues
Revenue Not Rptd F990	-15681177	RevenueNotRptdF990
Revenue Subtotal	86766050	RevenueSubtotal
Investment Expenses Not Included	535416	InvestmentExpensesNotIncluded
Other Revenues Not Included	219	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	535635	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	87301685	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	57223097	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	0	DonatedServicesUseOfFacilities
Prior Year Adjustments	0	PriorYearAdjustments
Losses Reported	0	LossesReported
Other Expenses Included	-219	OtherExpensesIncluded
Expenses Not Rptd F990	-219	ExpensesNotRptdF990
Expenses Subtotal	57223316	ExpensesSubtotal
Investment Expenses Not Included2	535416	InvestmentExpensesNotIncluded2
Other Expenses Not Included	25132421	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	25667837	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	82891153	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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 is 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 the general direction, vision, and management of the Center. The Director is also the person 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 in 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 other numerous works by other American and European artists. These collections are used to further the educational purpose of the College through lectures, gallery talks, and exhibitions on campus.
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	Includes Change in the value of split-interest agreements.
SchD_P12_S00_L02d	Schedule D, Part XII, Line 2d	Includes Financial Aid ($25,132,421) and Change in the value of split interest agreements ($66,057).
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.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	1	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	1	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	1	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	1	MaintRacialCompositionRecords
Maint Scholarships Records	1	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	1	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	1	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	0	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	0	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	0	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	0	DiscriminateRaceScholarships
Discriminate Race Educ Policies	0	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	0	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	0	DiscriminateRaceOtherActy
Government Financial Aid Received	1	GovernmentFinancialAidReceived
Government Financial Aid Revoked	0	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	1	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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 2010-11 fiscal year. These federal awards were received from the U.S. Department of Education, Environmental Protection Agency, Department of Commerce, and the Corporation for National and Community Service.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	1	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (7 entries)

RegionRegion	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
North America (including Canada and Mexico, but not the United States)	Program Services	Study abroad to study French language	10442
Central America and the Caribbean	Program Services	St Lucia Feasibility Study	4179
Central America and the Caribbean	Program Services	Educational Training	2609
East Asia and the Pacific	Program Services	Recruitment	708
Central America and the Caribbean	Program Services	Financial Aid to students	55810
East Asia and the Pacific	Program Services	Financial Aid to students	57920
Russia and the newly independent States	Program Services	Financial Aid to students	14000

Field	Value	IRS element (for citing)
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Total Amount Spent	145668	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (3 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
Non-funded Financial Aid	Central America and the Caribbean	3	55810	Applied to student's tuition and fees account
Non-funded Financial Aid	East Asia and the Pacific	2	57920	Applied to the student's tuition and fees account
Non-funded Financial Aid	Russia and the newly independent States	1	14000	Applied to the student's tuition and fees account

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	0	TransferToForeignCorp
Interest In Foreign Trust	0	InterestInForeignTrust
Own Foreign Corp	0	OwnForeignCorp
Passive Foreign Invest Co	0	PassiveForeignInvestCo
Foreign Partnership	0	ForeignPartnership
Boycott Countries	0	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	SchF_P01_S00_L02	Identifier
Return Reference	Schedule F, Part I, Line 2	ReturnReference
Explanation	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 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.	Explanation

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	1	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Name Of Organization NameOfOrganization

Field	Value	IRS element (for citing)
Business Name Line1	Kughn & Associates	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3015 Sedgewick Drive	AddressLine1
City	Lynchburg	City
State	VA	State
ZIP Code	24503	ZIPCode

Field	Value	IRS element (for citing)
Activity	Campaign Consulting	Activity
Fundraiser Control Of Funds	0	FundraiserControlOfFunds
Gross Receipts	0	GrossReceipts
Amount Retained By Contractor	48000	AmountRetainedByContractor
Net To Organization	-48000	NetToOrganization

Field	Value	IRS element (for citing)
Total Gross Receipts	0	TotalGrossReceipts
Total Retained By Contractors	48000	TotalRetainedByContractors
Total Net To Organization	-48000	TotalNetToOrganization

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Golf Tournament-Shellenberger	NameOfEvent1
Gross Receipts Event1	13415	GrossReceiptsEvent1
Charitable Contributions Event1	2905	CharitableContributionsEvent1
Gross Revenue Event1	10510	GrossRevenueEvent1
Cash Prizes Event1	0	CashPrizesEvent1
Non Cash Prizes Event1	0	NonCashPrizesEvent1
Rent Facility Costs Event1	4224	RentFacilityCostsEvent1
Food And Beverage Event1	2706	FoodAndBeverageEvent1
Entertainment Event1	0	EntertainmentEvent1
Other Direct Expenses Event1	3358	OtherDirectExpensesEvent1
Name Of Event2	Golf Tournament-Holland	NameOfEvent2
Gross Receipts Event2	12996	GrossReceiptsEvent2
Charitable Contributions Event2	6396	CharitableContributionsEvent2
Gross Revenue Event2	6600	GrossRevenueEvent2
Cash Prizes Event2	0	CashPrizesEvent2
Non Cash Prizes Event2	0	NonCashPrizesEvent2
Rent Facility Costs Event2	4544	RentFacilityCostsEvent2
Food And Beverage Event2	3033	FoodAndBeverageEvent2
Entertainment Event2	0	EntertainmentEvent2
Other Direct Expenses Event2	466	OtherDirectExpensesEvent2
Total Number Of Other Events	3	TotalNumberOfOtherEvents
Gross Receipts Other Events	24799	GrossReceiptsOtherEvents
Charitable Contrib Other Events	13873	CharitableContribOtherEvents
Gross Revenue Other Events	10926	GrossRevenueOtherEvents
Cash Prizes Other Events	0	CashPrizesOtherEvents
Non Cash Prizes Other Events	0	NonCashPrizesOtherEvents
Rent Facility Costs Other Events	5328	RentFacilityCostsOtherEvents
Food And Beverage Other Events	748	FoodAndBeverageOtherEvents
Entertainment Other Events	0	EntertainmentOtherEvents
Other Direct Expenses Other Events	3410	OtherDirectExpensesOtherEvents
Gross Receipts Total	51210	GrossReceiptsTotal
Charitable Contributions Total	23174	CharitableContributionsTotal
Gross Revenue Total Events	28036	GrossRevenueTotalEvents
Cash Prizes Total Events	0	CashPrizesTotalEvents
Non Cash Prizes Total Events	0	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	14096	RentFacilityCostsTotalEvents
Food And Beverage Total Events	6487	FoodAndBeverageTotalEvents
Entertainment Total Events	0	EntertainmentTotalEvents
Other Direct Expenses Total Events	7234	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	27817	DirectExpenseSummaryEvents
Net Income Summary	219	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Amount Of Non Cash AssistanceAmountOfNonCashAssistance
Non-funded Financial Aid	1927	24222828	0
Funded Financial Aid	62	781863	0

Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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 achievement and the minimum quality point average required. The College uses the College Board's PowerFAIDS software to manage our 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 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 III (b) 98% of traditional students at the College (2,030) received some form of Financial Aid. Therefore, the number of recipients was estimated by multiplying 98% times 2,030 students or 1,989 students and then prorating 1,989 students to Non-funded and Funded aid.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Kenneth R Garren
267448	0	52185	0	2121	0	0	0	45702	0	367456	0	0	0
Stephen E Bright
148579	0	0	0	-10574	0	0	0	38548	0	176553	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchJ_P01_S00_L01a	Schedule J, Part I, Line 1a	As outlined in the President's contract with the College, the following items were 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.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
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

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Amount UnspentAmountUnspent	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
1325000	11877388	108399	11768989	0	0	2005	0	1	1
345486	4680715	53208	4079096	0	548411	2011	0	0	1
157455	8837932	100088	0	8737844	0		1	1	1

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Any Lease ArrangementsAnyLeaseArrangements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
1	1	0.0028	0.0028	1
0	1	0	0	1
1	1	0.0007	0.0007	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated
(no name)
0	0	0	0	0	0
(no name)
0	0	0	0	0	0
SunTrust Bank
0	1	1	0	0	0	24	0	0

Form990 Schedule K Part V Form990ScheduleKPartV

Field	Value	IRS element (for citing)
Identifier	SchK_P02_S00_L03	Identifier
Return Reference	Schedule K, Part II, Line 3	ReturnReference
Explanation	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).	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (7 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
Scott Insurance
Trustee is President of the Company	178934	Commercial Insurance Provider	0
L G Flint Inc
Trustee's husband and son are owners/officers of the company	532392	Construction on campus	0
J E Jamerson & Sons Inc
Trustee's husband is President of the Company	1834536	Construction	0
Roberson Financial Services
Trustee is the Owner of the Company	128507	Employee's dental insurance provider	0
Annette Eccles
Family member of John Eccles, College Officer	18000	Compensation paid as employee of the College	0
Tyler Eccles
Family member of John Eccles, College Officer	27083	Compensation paid as employee of the College	0
Janet Sigler
Family member of Julius Sigler, College Officer	36384	Compensation paid as employee of the College	0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	2	NumberOfContributions
Noncash Contribs Rptd F990	9500	NoncashContribsRptdF990
Method Of Determining Revenues	FMV-Opinion of an expert	MethodOfDeterminingRevenues

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	7024	NoncashContribsRptdF990
Method Of Determining Revenues	FMV-Opinion of an expert	MethodOfDeterminingRevenues

Clothing And Household Goods ClothingAndHouseholdGoods

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	247	NoncashContribsRptdF990
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	22	NumberOfContributions
Noncash Contribs Rptd F990	238018	NoncashContribsRptdF990
Method Of Determining Revenues	Avg hi/low on gift date	MethodOfDeterminingRevenues

Collectibles Collectibles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	1000	NoncashContribsRptdF990
Method Of Determining Revenues	FMV-Opinion of an expert	MethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	Cameras & Equipment	10	5650	FMV
X	Furniture	3	2499	FMV
X	Miscellaneous	27	8417	FMV

Field	Value	IRS element (for citing)
Number Of8283 Received	0	NumberOf8283Received
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGifts
Third Parties Used	0	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P06_S0B_L11a	Form 990, Part VI, Section B, Line 11a	The 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 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 members 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, and (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 seesion 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 VP for Business and Finance.
F990_P11_S00_L05	Form 990, Part XI, Line 5	This figure includes Net Unrealized Gains ($9,517,301) and Change in the Value of Split Interest Agreements (-$66,057).