2011-05-16T14:27:28-04:00 2010-06-30 990 2009-07-01 540505906 Hampden Sydney College HAMP P O Box 127 College Road Hampden Sydney VA 23943 C Norman Krueger 4342236216 2011-05-16 false 2009 2016-02-24 21:20:13Z Christopher B Howard College Road Hampden Sydney VA 23943 161823317 false X http://www.hsc.edu X 1919 VA SINCE 1775 THE MISSION OF HAMPDEN-SYDNEY COLLEGE HAS BEEN TO FORM GOOD MEN AND GOOD CITIZENS IN AN ATMOSPHERE OF SOUND LEARNING 41 41 937 932 48316 0 12457629 8654878 44818799 45229421 -9812439 8811036 178523 868152 47642512 63563487 14123759 15155209 0 24584910 23880713 18096 0 1713765 21483045 19948963 60209810 58984885 -12567298 4578602 236876813 234740540 45402909 39986504 191473904 194754036 SINCE 1775 THE MISSION OF HAMPDEN-SYDNEY COLLEGE HAS BEEN TO FORM GOOD MEN AND GOOD CITIZENS IN AN ATMOSPHERE OF SOUND LEARNING false false 48704680 15155209 45224163 Educational Activities 1068 Students 48704680 true true false false false false false false true true true false true false false false false false false false false false true true true false false false false false false false false false false true false false false true false false false false true 1543 0 true 937 true true true false false false true true false false false false 41 41 false false false false false false false true true false false true true true true true true true true false X X C Norman Krueger 4342236216 College Road P O Box 127 Hampden Sydney VA 23943 Dr Joseph L Austin 3.00 X 0 0 0 Michael H Blackwell 3.00 X 0 0 0 J Robert Bray 3.00 X 0 0 0 Orran J Brown 3.00 X 0 0 0 Charles L Capito Jr 3.00 X 0 0 0 Bradley H Cary 3.00 X 0 0 0 Cynthia L Citrone 3.00 X 0 0 0 W Birch Douglass III 3.00 X 0 0 0 John C Ellis Jr 3.00 X 0 0 0 Mark M Gambill 3.00 X 0 0 0 John L Gibson III 3.00 X 0 0 0 Scott M Harwood 3.00 X 0 0 0 John Hillen 3.00 X 0 0 0 Ralph P Hines 3.00 X 0 0 0 Keith W Lewis 3.00 X 0 0 0 James F Lipscomb 3.00 X 0 0 0 John E Mansfield Jr 3.00 X 0 0 0 Linda H Marks 3.00 X 0 0 0 David J McKittrick 3.00 X 0 0 0 Hugh L McLaughlin III 3.00 X 0 0 0 Charles V McPhillips 3.00 X 0 0 0 Bartow Morgan Jr 3.00 X 0 0 0 C Cammack Morton 3.00 X 0 0 0 Charles C Mottley 3.00 X 0 0 0 Tayloe N Negus 3.00 X 0 0 0 Jon A Pace 3.00 X 0 0 0 William L Pannill 3.00 X 0 0 0 John C Parrott II 3.00 X 0 0 George P Piros 3.00 X 0 0 0 Frank W Roach 3.00 X 0 0 0 Gordon D Schreck 3.00 X 0 0 0 John B Schug 3.00 X 0 0 0 William F Shumadine Jr 3.00 X 0 0 0 Henry C Spalding Jr 3.00 X 0 0 0 Joseph F Viar Jr 3.00 X 0 0 0 Randolph H Watts 3.00 X 0 0 0 Donald P Whitley 3.00 X 0 0 0 David G Wilson Jr 3.00 X 0 0 0 Donnan C Wintermute 3.00 X 0 0 0 Thomas N Allen 10.00 X 0 0 0 John W Drescher 5.00 X 0 0 0 Christopher B Howard 50.00 X 124970 0 67927 C Norman Krueger 50.00 X 229322 0 34721 Paul S Baker 50.00 X 144933 0 41794 C Beeler Brush 50.00 X 145243 0 64849 Anita Garland 50.00 X 136946 0 15057 Kenneth Townsend 50.00 X 117513 0 23763 William Shear 50.00 X 115517 0 32513 Robert Herdegen 50.00 X 112829 0 49912 Walter M Bortz III 10.00 X 348770 0 57705 1476043 0 388241 9 true true false Mangham Associates 630 P Jefferson Pky Charlottesville VA 22911 Investment Mgr 151134 Randy Jones 369 Redd Shop Road Farmville VA 23901 General Contractor 126740 2 3110274 5544604 917196 8654878 Gross Tuition & Fees 611710 32226556 32226556 Auxiliary Enterprises 611710 12997607 12997607 Residential Rental 531110 5258 5258 45229421 264709 264709 106806157 98259830 8546327 8546327 8546327 868152 43058 825094 868152 63563487 45224163 48316 9636130 15155209 15155209 854042 854042 17623080 13704960 2881442 1036678 1313999 970102 265294 78603 2806346 2071876 566595 167875 1283246 947398 259085 76763 163275 163275 76501 76501 2285068 1493806 671861 119401 593111 438252 107152 47707 1083024 1083024 4168674 4168674 General 3758860 2587972 1041552 129336 Consultants 2772572 2732886 39686 Contract Services 1874758 1078637 738719 57402 Utilities 1752242 851006 901236 Student Programs 1420878 1420878 58984885 48704680 8566440 1713765 878220 1341844 8403406 6191740 2949132 1438471 4744371 5218518 913167 961324 978658 737755 151879056 59694177 94039494 92184879 13157896 3958307 110812469 122707702 236876813 234740540 7523012 6870733 1323962 1333686 602771 396418 24198112 23277379 2755052 2108288 9000000 6000000 45402909 39986504 X 116522342 115989729 7435285 9773392 67516277 68990915 191473904 194754036 236876813 234740540 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111497204 774327 7302160 6026977 39227 113507487 132094080 3714648 -18523694 5679021 108809 111497204 0.42000 0.58000 false false 2976665 2976665 115153065 32562594 82590471 10586530 7205950 3380580 23162796 19925633 3237163 92184879 Certificate of Deposit 50000 F Deed of Trust Note 4500000 F Alternative Investments 111296579 F Other 1031544 F Beneficial Int in Trust 5829579 F 122707702 Line of Credit 6000000 6000000 63563487 58984885 4578602 -1298470 -1298470 3280132 47109808 -1298470 -15155209 -16453679 63563487 63563487 43829676 43829676 15155209 15155209 58984885 Other expenses included on Form 990 Part XIII line 4b Form 990 Schedule D Part XII Line 2D and Part XIII Line 4B- Scholarship allowance included in revenue on financial statements 02 Footnote for uncertain tax position under FIN 48 Part X On July 1 2009 the College adopted new guidance on how uncertain tax positions should be recognized measureddisclosed and presented in the consolidated financial statements Under the guidance the College may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement In addition guidance is provided on derecognition of income tax assets and liabilities classification of current and deferred income tax assets and liabilities accounting for interest and penalties associated with tax positions and income tax disclosures Management evaluated the Colleges tax positions and has concluded that the College has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance true true true Advertise in major Virginia newspapers true true true true false false false false false false false false true false true true Grants and Scholarships 1017 13899619 Monitoring procedures (Part I, line 2) Form 990, Sch I,Line 2: Students who wish to be considered for financial aid complete an application - the PROFILE from the college scholarship service to apply for college grants and scholarships. Financial aid awards are reviewed at the end of each semester and may be withdrawn if a receipient's citizenship or academic work does not meet the standards of the college. College-sponsored grants and scholarships are limited to 8 semesters and require full-time enrollment. Financial aid receipients must maintain minimum satisfactory academic progress. Hampden-Sydney offers several scholarships, awarded without regard to financial need, which recognize outstanding academic and extracurricular achievement. All applicants for admission are automatically considered for academic scholarships. X true true X X X X X X false true false false false false false false false Christopher B Howard 124970 51907 16020 192897 C Norman Krueger 163969 65353 29185 5536 264043 Paul S Baker 144933 14994 26800 186727 C Beeler Brush 145243 15950 48899 210092 Anita Garland 136946 12289 2768 152003 Robert Herdegen 112829 14467 35445 162741 Walter M Bortz III 259515 89255 41587 16118 406475 01 Listed persons compensation information Part I line 4 Walter M Bortz - a contribution of 7935 was recorded for a 457f plan C Norman Krueger - a contribution of 11711 was recorded for a 457f plan Christopher Howard - a contribution of 40000 was recorded for a 457f plan IDA of Town of Farmville VA 546001272 311617aa2 2003-03-06 6000000 Constructing and renovating buildings false false IDA of Town of Farmville VA 546001272 2004-07-15 1210000 Renovating & equipping Graham Hall false false IDA of Prince Edward County 541245781 2005-11-10 10000000 Construction Equipping of a library facility false false VCBA Revenue Bonds Ser 2010 541249154 927781UB8 2010-05-13 7048035 Refunding bonds false false VCBA Revenue Bonds Ser 2010 541249154 2010-05-13 141965 Refunding bonds balance false false 6000000 112500 5887500 2005 false false true true 1210000 24000 1186000 2006 false false true true 10000000 35000 9965000 2006 false false true true 7238095 7096130 141965 2010 true true true true 141965 141965 2010 true true true true false false false false false true false false false false false true false false false false false true false false false false false true false false false false false true true false false false false true false false false false true false false false false true false false false false true false false false false X 9320 Appraisal X 128 830876 FMV X 1 77000 Appraisal 1 false false false 01. Form 990 governing body review (Part VI, line 11) Form 990 Part VI Line 11 Form 990 is reviewed first by the controller then by the VP for Business AffairsTreasurer and then by the Board of Trustees through a secure website before it is filed with the IRS 02. Conflict of interest policy compliance (Part VI, line 12c) Form 990 Part VI Section B Line 12c Each member of the board of trustees is expected to report promptly to the president of the college or to the chairman of the board of trustees the existence of any relationship or interest as it arises which actually or potentially involves or may appear to involve a conflict of interest In addition each trustee will be asked to sign a statement annually reflecting his or her continuing awareness and understanding of this policy At the same time the individual will report either the absence of potential conflicts or the possible areas of concern 03. CEO, executive director, top management comp (Part VI, line 15a) Form 990 Part VI Section B Line 15a Outside compensation consultants are hired to provide an opinion on the reasonableness of the total compensation paid to the president of Hampden-Sydney College the study included review of the entire compensation arrangement including cash and non-cash components taxable and nontaxable benefits The study included a survey of peer colleges and published survey information for tax-exempt and for-profit sectors In addition to the compensation study the compensation for key employees is also reviewed by the board annually 04. Other officer or key employee compensation (Part VI, line 15b See explanation for Part VI Line 15a 05. Governing documents, etc, available to public (Part VI, line 19) FORM 990 PART VI SECTION B LINE 19 Hampden-Sydney Colleges governing documents conflict of interest policy financial statements etcare made available to the public upon request to the Vice President for business affairs and treasurer 06. General explanation attachment Schedule K Part 1 Bond Issues A Issuer Name Industrial Development Authority IDA of the Town of Farmville VA F Description of Purpose Constructing and renovating buildings and installing underground power lines A Issuer Name Industrial Development Authority IDA of the Town of Farmville VA F Description of Purpose Renovating and equipping Graham Hall A Issuer Name Industrial Development Authority IDA of Prince Edward County VA F Description of Purpose Construction equipping and development of a library facility A Issuer Name Virginia College Building Authority VCBARefunding Revenue Bonds F Description of Purpose Refunding Bonds Schedule E Question 6a Explanation of financial aid or assistance from a governmental agency Students at Hampden-Sydney College received federal financial aid totaling 8238833 for the 2009-2010 year This included Pell Grants Perkins Loans subsidized and unsubsidized SSL parent loans and others Students at Hampden-Sydney College received state financial aid totaling 2220824 for the 2009-2010 year Most of this aid was from TAGP H-SC Poplar Hill LLC P O Box 127 Hampden Sydney VA 23943 Holds a deed of trust note FBO HSC VA 4500000 Hampden-Sydney College