2012-05-15T13:42:16-05:00 2011-06-30 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN ST ROANOKE VA 24014 990 2010-07-01 540505940 RANDOLPH-MACON COLLEGE RAND 8047988372 POST OFFICE BOX 5005 ASHLAND VA 230055505 ROBERT R LINDGREN 8047988372 2012-05-14 1 MARK WOOLWINE 5403450936 2010 2016-02-24 21:20:13Z ROBERT R LINDGREN POST OFFICE BOX 5005 ASHLAND VA 230055505 83711013 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. 45 44 1132 150 342623 -19366 7767462 20256183 43883143 45484986 4465572 11799591 670834 590394 56787011 78131154 16246446 17736379 0 0 23133391 23798053 24463 70901 2161554 17842136 17071336 57246436 58676669 -459425 19454485 176443825 219041817 38972200 51385328 137471625 167656489 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 44500558 17736379 50540537 RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A FOUR YEAR LIBERAL ARTS CURRICULUM TO APPROXIMATELY 1,246 STUDENTS. 44500558 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 63 0 1 1132 1 1 1 1 EI 0 0 0 0 0 0 0 0 0 0 X 45 44 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 S ANDREW BANKS 1.00 X 0 0 0 YVONNE W BRANDON 1.00 X 0 0 0 L PRESTON BRYANT JR 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 JOHN P COUGILL 1.00 X 0 0 0 RALPH R CROSBY JR 1.00 X 0 0 0 JAMES A DAVIS 1.00 X 0 0 0 PARKER O DILLARD 1.00 X 0 0 0 JACK M ENOCH JR 1.00 X 0 0 0 ROBIN ANNE FLOYD 1.00 X 0 0 0 DOUGLAS W FOARD PHD 1.00 X 0 0 0 WHITNEY K FORSTNER 1.00 X 0 0 0 FRANK A GUNTERIII 1.00 X 0 0 0 PATRICIA BOSSE GUNTHER 1.00 X 0 0 0 MICHAEL A JESSE PHD 1.00 X 0 0 0 CHARLENE P KAMMERER UMC 1.00 X 0 0 0 WILLIAM B KILDUFF 1.00 X 0 0 0 CHARLES B KING 1.00 X 0 0 0 FRANK E LAUGHON JR 1.00 X 0 0 0 ROBERT R LINDGREN 40.00 X X 258456 0 119784 STEPHEN P LONG MD 1.00 X 0 0 0 E JACKSON LUCK 1.00 X 0 0 0 ANDREW K MALONEY 1.00 X 0 0 0 ANNE D MCDOUGALL 1.00 X 0 0 0 CHARLES P MONCURE JR 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 1.00 X 0 0 0 STEVEN M PARKER 1.00 X 0 0 0 HAYWOOD A PAYNE 1.00 X 0 0 0 DONALD E PERRY 1.00 X X 0 0 0 ALAN B RASHKIND 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 1.00 X 0 0 0 BENJAMIN S SCHAPIRO 1.00 X 0 0 0 THOMAS G SHAFRAN 1.00 X 0 0 0 HAROLD E STARKE JR 1.00 X X 0 0 0 GEORGE A TRIVETTE MD 1.00 X 0 0 0 SAMUEL E VICHNESS 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 DIANE M LOWDER 40.00 X 145837 0 23387 DAVID L LESESNE 40.00 X 139199 0 22931 JOHN A AHLADAS 40.00 X 150786 0 14436 JOHN C CONKRIGHT 40.00 X 108427 0 20461 M THOMAS INGE 40.00 X 135670 0 19335 WILLIAM T FRANZ 40.00 X 123918 0 18787 JOHN RUSSELL RABUNG 40.00 X 120137 0 18520 1182430 0 257641 15 0 1 0 ENGLISH CONSTRUCTION COMPANY INC PO BOX P-7000 LYNCHBURG VA 24505 CONSTRUCTION SERVICES 5447076 CHARTWELLS PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 3010907 KJELLSTROM AND LEE INC 1607 OWNBY LANE RICHMOND VA 23220 CONSTRUCTION SERVICES 2000634 TENNIS COURTS INC PO BOX 297 AYLETT VA 23009 CONSTRUCTION SERVICES 1177369 CAPSTONE CONTRACTING 4235 INNSLAKE DRIVE STE 110 GLEN ALLEN VA 23060 CONSTRUCTION SERVICES 507777 22 723737 19532446 2501135 20256183 TUITION AND FEES 611600 36688634 36688634 AUXILIARY SERVICES 611600 8796352 8573646 222706 45484986 6969270 3649 6965621 56900 30710 26190 26190 26190 9660642 4830321 4830321 4830321 4830321 925243 718828 206415 90147 116268 MISCELLANEOUS PROGRAMS 900099 357789 357789 357789 78131154 50540537 342623 6991811 17736379 17736379 1182429 622307 409667 150455 17672773 11599525 5302358 770890 1377978 893197 417447 67334 2271082 1472102 688005 110975 1293791 838628 391943 63220 99413 99413 81875 81875 70901 70901 689599 44696 587192 57711 1084797 886792 180505 17500 4213377 1549740 2419815 243822 368717 221230 143800 3687 567241 529117 28349 9775 691827 552953 70837 68037 585019 188537 220640 175842 826428 822602 2890 936 1967228 1841364 93592 32272 246819 246819 STUDENT FOOD SERVICE 2729334 2729334 OTHER SUPPLIES, SERVICE 1302106 532188 475992 293926 INTERCOLLEGIATE ATHLETI 800128 800128 POST RETIREMENT BENEFIT 499645 321956 153418 24271 LIBRARY & LIBRARY SERVI 317783 317783 58676669 44500558 12014557 2161554 5828310 8512337 5900151 5904330 5841164 16408145 1282625 1517150 4306140 4302075 209371 155283 98467712 40685057 45165677 57782655 77269506 90901446 28630446 31285057 2010435 2273339 176443825 219041817 2461506 4812599 1509740 1541133 20825000 30345000 834192 816343 13341762 13870253 38972200 51385328 X 73978584 88767801 24211164 37754478 39281877 41134210 137471625 167656489 176443825 219041817 X 19454485 10730379 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 1979 1979 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE COLLEGE IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV), AN ASSOCIATION OF 27 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, 2011, CICV EXPENDED APPROXIMATELY 11.47% 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, 2011, NAICU EXPENDED APPROXIMATELY 7% OF THE MEMBERSHIP FEE FOR LOBBYING ACTIVITIES. 112225 1342780 X X X 0 103125070 1986950 22427480 1255518 3726577 2238740 120318665 96099380 1289142 13515077 1288186 4035581 2454762 103125070 127907075 2145753 -28490056 1159485 4303907 96099380 0.53610 0.31610 0.14780 1 0 4319610 4319610 63665211 28330532 35334679 308834 37317 271517 15972924 12317208 3655716 14201133 14201133 57782655 CASH AND TEMPORARY INVESTMENTS 4447597 F MARKETABLE ALTERNATIVE ASSETS 16196321 F NONMARKETABLE ALTERNATIVE ASSETS 6946821 F REAL ESTATE/MORTGAGES AND OTHER 3694318 F 31285057 ANNUITIES PAYABLE 1425797 POST RETIREMENT BENEFIT LIABILITY 10063903 REFUNDABLE LOAN PROGRAMS 2380553 13870253 78131154 58676669 19454485 10730379 10730379 30184864 71874692 10730379 749538 11479917 60394775 17736379 17736379 78131154 41689828 749538 749538 40940290 17736379 17736379 58676669 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 FOR FISCAL YEARS 2010, 2009, AND 2008 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 718,828. RENTAL EXPENSES NETTED AGAINST INCOME 30,710. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 17,736,379. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOK STORE COST OF GOODS SOLD NETTED AGAINST INCOME 718,828. RENTAL EXPENSES NETTED AGAINST INCOME 30,710. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 17,736,379. 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 PLANNING 0 0 40825 -40825 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 524063018 TELEPHONE SOLICITATIONS 0 0 30077 -30077 70902 -70902 VA 1 COLLEGE DESIGNATED (UNFUNDED) GRANTS AND SCHOLARSHIPS 1202 15924966 DONOR RESTRICTED (FUNDED) GRANTS AND SCHOLARSHIPS 302 1713743 FEDERAL SUPPLEMENTAL GRANTS 99 97670 X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERT R LINDGREN 252956 0 0 0 5500 0 85477 0 34307 0 378240 0 0 0 DIANE M LOWDER 141803 0 0 0 4034 0 13301 0 10086 0 169224 0 0 0 DAVID L LESESNE 139199 0 0 0 0 0 13050 0 9881 0 162130 0 0 0 JOHN A AHLADAS 150786 0 0 0 0 0 13246 0 1190 0 165222 0 0 0 M THOMAS INGE 135670 0 0 0 0 0 11691 0 7644 0 155005 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 810000 4900000 59895 4840105 2007 0 0 1 1 10000000 123450 5001458 4875092 2011 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 E JACKSON LUCK TRUSTEE 58932 JACKSON LUCK IS A PRINCIPAL IN LUCK MOTORS, A LOCAL CHEVROLET DEALER. THE COLLEGE PURCHASED THREE USED VEHICLES, PARTS AND LABOR FROM THE DEALERSHIP DURING THE YEAR. 0 PARKER DILLARD TRUSTEE 2372 PARKER DILLARD IS A PRINCIPAL IN ARCET EQUIPMENT COMPANY. DURING FY11, 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 X 2 112225 DONOR VALUE X 440 DONOR VALUE X 35 1621500 AVE HIGH/LOW AT TRANSFER X EQUIPMENT & FURNITURE 6 10347 DONOR VALUE X ATHLETIC SUPPLIES 7 7568 DONOR VALUE X HOSPITALITIY 16 12895 DONOR VALUE X OTHER 8 2198 DONOR VALUE X CONSTRUCTION COSTS 3 733962 DONOR VALUE 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 FOR ACCURACY 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 YES. INITIALLY, A BOARD COMMITTEE APPOINTED TO HIRE A PRESIDENT WORKS WITH PROFESSIONAL SEARCH CONSULTANTS FOR HIRING. THE COMPENSATION COMMITTEE OF THE BOARD USES MULTIPLE BENCHMARKS TO DETERMINE AN EMPLOYMENT PACKAGE, THE RESULTS OF SUCH DELIBERATION ARE BORNE OUT BY THE SALARY LETTER SIGNED BY THE CHAIR OF THE BOARD. THESE STEPS WERE FOLLOWED IN HIRING A NEW PRESIDENT IN EARLY 2006. THE PRESIDENTIAL EVALUATION/COMPENSATION COMMITTEE MEETS ANNUALLY TO EVALUATE THE PERFORMANCE OF THE PRESIDENT AND TO DETERMINE COMPENSATION ADJUSTMENTS BASED ON CURRENT BENCHMARKING INFORMATION. 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 GAINS ON INVESTMENTS: 10,730,379. FORM 990, PART XI, LINE2C: 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 TWELVE 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, ATHLETICS PROGRAMS AND OTHER DEPARTMENTS. SCHEDULE K, SUPPLEMENTAL INFORMATION ON TAX-EXEMPT BONDS SCHEDULE K GENERAL: FORM 8038 FILED BY INDUSTRIAL DEVELOPMENT AUTHORITY OF THE TOWN OF ASHLAND, VIRGINIA, WAS PREPARED USING EMPLOYER IDENTIFICATION NUMBER 56-6001129 BEFORE RECEIVING NOTIFICATION THAT THEIR CORRECT FEIN IS 52-1353936. WE HAVE USED THIS CORRECT IDENTIFIER IN COMPLETING OUR SCHEDULE K. FURTHER, THE FORM 8038 REPORTS ON EDUCATIONAL FACILITIES REVENUE NOTE (RANDOLPH-MACON COLLEGE PROJECT), SERIES 2004A AND B; OUR SCHEDULE K REPORTS ON SERIES 2004A ONLY. THE PERIOD COVERED BY SCHEDULE K IS THE FISCAL YEAR, JULY 1, 2009-JUNE 30, 2010. PART I LINE A, COLUMN (E) ISSUE PRICE OF EDUCATIONAL FACILITIES REVENUE NOTE (RANDOLPH-MACON COLLEGE PROJECT), SERIES 2004A AND B IS SHOWN ON FORM 8038 AS $6,500,000. THE ISSUE PRICE OF SERIES 2004A ALONE WAS $4,900,000. PART II LINE 5 AMOUNT SHOWN IN COLUMN A IS 100% ISSUANCE COST; NO CREDIT ENHANCEMENT FEES HAVE BEEN PAID.