2011-11-11T12:28:18-07:00 2011-06-30 990 2010-07-01 540506306 BRIDGEWATER COLLEGE BRID 5408285487 402 East College Street Bridgewater VA 228121599 Anne Keeler 5408285487 2011-11-11 2010 2016-02-24 21:20:13Z George Cornelius 402 East College Street Bridgewater VA 22812 67368456 0 X www.bridgewater.edu X 1880 VA Bridgewater College is a private, coeducational, liberal arts college of approximately 1,700 students. It's mission is to educate and develop the whole person, with the goal of graduating citizens who are leaders living ethical, healthy, useful and fulfilling lives. Students are encouraged to develop a strong sense of personal accountability and civic responsibility. 32 32 1037 0 124554 82869 4091476 2025573 51318708 56733101 1069372 4288859 1107638 1189478 57587194 64237011 18671591 22311513 0 0 19727343 21029359 0 0 1223074 16505616 17224701 54904550 60565573 2682644 3671438 140043022 158317654 41686503 48412235 98356519 109905419 The mission of Bridgewater College is to educate and develop the whole person. Our graduates will be equipped to become leaders, living ethical, healthy, useful, and fulfilling lives with a strong sense of personal accountability and civic responsibility. This mission is carried out in a learning community with Christian values, high standards of integrity and excellence, affirming and challenging each member. 0 0 33212173 22311513 42170989 Bridgewater College offers more than 60 majors and minors as well as concentrations and dual degree programs spread among 17 academic departments. The departments include: art, biology, chemistry, communication studies and theatre, economics and business administration, education, English, family and consumer sciences, foreign languages, health and exercise science, history and policial science, mathematics and computer science, music, philsophy and religion, physics, psychology and sociology. 8565471 0 14533761 In addition to acadmic offerings, Bridgewater College offers its students the following auxiliary services: Housings including Wright-Heritage, Geisert, Wakeman, Blue Ridge, Daleville and Dillon halls, honors houses, the Wampler Towers, Strickler Apartments, Stone Village housing community and the Boinott House. Food service offerings include the main dining hall as well as the Eagles Nest and Crimson Cafe. Bridgewater College also offers a variety of summer programs including athletics camps, a writing academy for area teachers, the Bridge Program for at-risk entering freshmen, and more. Other auxiliary facilities include the Bookstore. 8343533 0 28351 Student services at Bridgewater College include a robust list of more than 70 student clubs and organizations, including Eagle Productions, a student-run activity programming board. A number of staff work to make life outside of class as fulfilling for BC students as it is in class. Facilities to support these initiatives include: Carter Center for Worship and Music; Funkhouser Center for Health and Wellness; the student life offices including career services, counseling and service-learning; Kline Campus Center; and athletics facilities including Nininger Health and Exercise Science Center, Mapp Field, Jopson Athletic Complex and Bridgewater College Equestrian Center. 4224047 0 0 Academic support areas at Bridgewater College include the Dean of the Academic Affairs, the Alexander Mack Memorial Library, C.E. Shull Information Technology Center, the writing center and the academic support center. 4224047 0 0 54345224 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2256 0 1 1037 1 1 1 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 1 0 NH OR VA X Mary S Schwab 5408285487 402 East College Street Bridgewater VA 22812 Ronald Sink 0 X 0 0 0 Stephen Hollinger 0 X 0 0 0 W Gregory Broyles 0 X 0 0 0 A Wesley Graves 0 X 0 0 0 Barbara Stoltzfus 0 X 0 0 0 Anne Murray Reid 0 X 0 0 0 Rodney I Smith 0 X 0 0 0 Donna Walker 0 X 0 0 0 Kathy Wright 0 X 0 0 0 Nancy Bowman 0 X 0 0 0 Mensel Dean Jr 0 X 0 0 0 Mary G Garber 0 X 0 0 0 Wilfred E Nolen 0 X 0 0 0 Judy M Reimer 0 X 0 0 0 Carl Fike 0 X 0 0 0 Robert I Stolzman 0 X 0 0 0 James H Walsh 0 X 0 0 0 James L Wilkerson 0 X 0 0 0 G Steven Agee 0 X 0 0 0 Violet S Cox 0 X 0 0 0 Susan Logan Craun 0 X 0 0 0 William S Earhart 0 X 0 0 0 Lawrence M Johnson 0 X 0 0 0 Michael K Kyles 0 X 0 0 0 J Allen Layman 0 X 0 0 0 Nathan H Miller 0 X 0 0 0 Glenn R Barnhart 0 X 0 0 0 Yancey W Ford Jr 0 X 0 0 0 Jerry F Morris 0 X 0 0 0 D Cory Adamson 0 X 0 0 0 J Russell Bruner 0 X 0 0 0 Michael Del Giudice 0 X 0 0 0 Kathryn A Tuttle 0 X 0 0 0 Anne B Keeler 40 X 124053 0 16540 Roy Ferguson 40 X 129733 0 8384 Carol Scheppard 40 X 128303 0 11504 Beverly Butterfield 40 X 118682 0 8133 Karen Wigginton 40 X 105524 0 6786 George Cornelius 40 X 138847 0 22132 William Miracle 40 X 90766 0 12983 Phillip C Stone 0 X 544460 0 21125 1380368 0 107587 7 1 1 0 Branch and Associates P O Box 40051 Roanoke VA 24022 Building contractor 4063520 G and H Contracting Inc 1320 Southside Drive Salem VA 24153 Building contractor 2881388 Lantz Construction 539 S Main Street Broadway VA 22815 Building contractor 1301069 Riddleberger Brothers Inc 6127 S Valley Pike Mount Crawford VA 22841 HVAC Contractor 431540 Moser Mayer Phoenix Associates PA 328 E Market Street Greensboro NC 27401 Architect 370158 7 0 0 0 0 205692 1819881 192997 2025573 Tuition revenue 611310 42170989 42170989 0 0 Residence halls 721000 7512131 0 0 7512131 Dining services and conferences 722100 6908784 0 11775 6897009 Bookstore 451211 100749 0 0 100749 Catering 722320 12097 0 12097 0 28351 0 28351 0 56733101 1204309 0 0 1204309 0 0 0 0 0 0 0 0 229416 18000 122680 0 106736 18000 124736 0 18000 106736 6091979 1336 2586678 422087 3505301 -420751 3084550 0 26398 3058152 0 Various plant incomes 611710 162571 0 0 162571 Student activities and fees 611710 568973 0 0 568973 Department vehicle charge 611710 81165 0 0 81165 252033 0 27933 224100 1064742 64237011 42170989 124554 19915895 0 0 22311513 22311513 1167373 312195 567130 288048 15490279 11651362 3290011 548906 813702 614447 170803 28452 2380083 1062454 1272415 45214 1177922 841059 284578 52285 22937 22937 54045 54045 0 139367 139367 739375 355119 362165 22091 98086 74586 23500 622092 419829 154688 47575 613391 613391 3261864 1669955 1591909 655584 552098 34357 69129 1525779 1517703 8076 2836284 2708793 127491 125553 39995 85558 Auxiliary expenses 2706377 2706377 0 0 Student recruitment 616885 616885 0 0 Student Life and athletic expenses 658380 658380 0 0 Instructional expenses 393059 393059 0 0 Maintenance allocation 0 4185721 -4259460 73739 2155643 1040303 1067705 47635 60565573 54345224 4997275 1223074 5820 480 13631842 14109266 3843288 3510292 242194 242672 0 0 0 0 4223086 4229605 69032 80162 0 0 105700479 37809705 58189689 67890774 29858612 29320298 29777252 38726631 0 0 0 202207 207474 140043022 158317654 3811220 3637081 0 0 1627264 1470323 27786088 26657896 0 0 0 0 255507 119081 1800000 10246748 6406424 6281106 41686503 48412235 X 39701059 42892441 16662001 23942291 41993459 43070687 98356519 109905419 140043022 158317654 X 3671438 7877462 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 61099 0 0 X X 0 54467332 923890 11450474 1887287 864674 354569 63735166 48233134 3009822 6354039 1974887 825882 328894 54467332 55569914 3449213 -7763009 1947797 782323 292864 48233134 0.062 0.624 0.314 1 0 742695 884192 1626887 3862187 73924498 26161784 51624901 0 11655614 3963400 7692214 0 8119781 5658989 2460792 0 6511512 2025532 4485980 67890774 36819391 F 1907240 F 38726631 0 Trust and annuity obligations 4469825 U.S. Government grants refundable 1811281 6281106 64237011 60565573 3671438 8028945 0 -151483 0 0 7877462 11548900 72015849 8028945 0 0 0 8028945 63986904 250107 0 250107 64237011 60466949 0 0 0 0 0 60466949 98624 0 98624 60565573 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The museum is a general history museum which provides our students the opportunity to see items linked to historical events that they are studying. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Most of the college's endowments provide scholarships to our students. Some endowments fund faculty chairs and symposia. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management has evaluated the effect of the guidance provided by U.S. generally accepted accounting principles on Accounting for Uncertainty in Income Taxes. Management believes that the College continues to satisfy the requirements of a tax-exempt organization at June 30, 2011. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined that the College had no uncertain income tax positions at June 30, 2011. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Bridgewater College draws from a wide geographical area not covered by one newspaper or broadcast media as a means of soliciation for students. As requied by revenue procedure 75-50, Bridgewater College has publicized its racially non-disciminatory policy by including a statement of this fact in all its publications and promotional materials. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Bridgewater College received financial aid in the form of Pell Grants, SEOG and Perkins loans which was awarded to our students based on federal guidelines. 1 Institutional scholarships 1620 22005569 0 Amount of scholarship credited to students' accounts VFIC Scholarships 41 92794 0 Scholarship amount posted to students' accounts Supplemental Educational Opportunity Grant 142 89150 0 Scholarship amount posted to students' accounts Lettie Pate Whitehead Scholarships 40 124000 0 Scholarship amount posted to students' accounts SchI_P01_S00_L02 Schedule I, Part I, Line 2 The Office of Financial Aid administers the following policies to assure that institutional grants and scholarships are used for proper purposes: The aggregate of institutional funds that an individual student receives is restricted to an amount equivalent to tuition and fees; Enrollment is confirmed each semester prior to disbursement of institutional funds; Eligibility for academic scholarships is limited to a maximum of eight (8) semesters. Renewal grade point average requirements are checked at the end of each academic year; Eligibility for institutional general grants requires a demonstration of need based on submission of the Free Application for Federal Student Aid (FAFSA); Endowed scholarships have selection criteria specific to each fund and the Director of Financial Aid oversees the selection of eligible students; when a student withdraws from school, the percentage adjustments made to institutional aid are the same as the percentage adjustments made to tuition as specified in the catalog. X X 0 1 X X X 0 1 0 0 0 0 0 0 0 Phillip C Stone 134861 0 0 0 624 0 408975 0 21125 0 565585 0 433017 0 George Cornelius 138847 0 0 0 0 0 0 0 22132 0 160979 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The institution provides on campus housing to the president and his family. This includes housekeeping services, lawn care and all utilities. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b All expenses paid are documented in accordance with written employee reimbursement policies applicable to all college employees and approved by the Treasurer. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Phillip Stone received $408,975 from a retirement plan. Industrial Development Authority of the Town of Broadway Virginia 542028957 111606AY5 2003-07-31 9886541 construction of student housing and facilities renovation 0 0 0 Industrial Development Authority of Rockingham County Virginia 541155987 773462CJ3 2003-08-27 15036270 provide funds to refund 1993 issue, 1987 issue and 1978 issue 0 0 0 Industrial Development Authority of the Town of Bridgewater Virginia 541381459 10874MAR4 2006-08-09 5419728 $4,059,412 was used to renovate the kitchen and dining area. $1,457,500 refund 2002 bonds 0 0 0 Industrial Development Authority of the Town of Bridgewater Virginia 541381459 000000000 2007-12-12 3000000 construction and renovation of campus facilities 0 0 0 1025000 0 9918277 10000000 0 0 89781 113459 0 9897309 0 0 2004 0 0 1 1 3310000 0 14803285 15160000 0 0 282202 123730 0 0 14754068 0 2003 1 0 1 1 1355000 0 5609164 5425000 0 0 92252 5272 4059412 1457500 0 2007 1 0 1 1 553955 0 3051834 3000000 0 0 0 0 0 3051834 0 0 2009 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 X 6 value to college X 1 value to college X 25 144509 FMV X 1 41128 FMV X Other - Archival materials 14 14 value to college X Other - Use of bus 1 1 value to college X Gift cards/certificates 3 3 value to college X horses 5 0 value to college X Donation of piano 1 4800 value to college X Other - boxes for community service project 1 1 value to college X Other - office furniture 1 2534 value to college 4 0 1 0 SchM_P01_S00_L33 Schedule M, Part I, Line 33 The college does not record any revenue for horses that are donated for the equestrian program. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The 990 was made available on-line to the entire board of trustees prior to the fall board meeting. During the Audit Committee meeting, the College's administration discussed significant parts of the form and asked the committee members to review the form prior to the filing date and to notify the college by email when their review was complete. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Director of Human Resources collects the annual disclosure forms for employees and any exceptions are reviewed by the President or his designee. The Vice President for Finance and Treasurer reviews the Board of Trustees forms. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annually in August the Executive Committee of the Board of Trustees establishes the President's salary for the year. Information including peer salary data and published surveys for comparisons along with historic trend data is presented by the Vice President for Finance for their review. The President is not present during the discussion. The Executive Committee also is presented data for their review concerning the salaries of the Vice-Presidents. The President presents this information. The full Board of Trustees reviews Executive Committee actions related to executive compensation annually. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Bridgewater College does not make its governing documents and financial statements available to the public. The College's conflict of interest policy for employees is available on the College's website in the employee handbook. F990_P11_S00_L05 Form 990, Part XI, Line 5 The adjustment is $8,028,945 in unrealized gains netted against $151,483 in investment expenses.