2026-04-30T12:14:37-05:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DRIVE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2024-07-01 540505940 RANDOLPH-MACON COLLEGE RAND 8047988372 POST OFFICE BOX 5005 ASHLAND VA 230055505 DR MICHAEL E HILL PRESIDENT 8047988372 2026-04-27 1 0 MARK WOOLWINE P00647446 5404433606 2026-04-27 2024 2025-03-06 01:10:19Z DR MICHAEL E HILL POST OFFICE BOX 5005 ASHLAND VA 230055505 126871597 0 X WWW.RMC.EDU X 1830 VA A RANDOLPH-MACON COLLEGE LIBERAL ARTS EDUCATION DEVELOPS THE MIND AND CHARACTER OF EACH STUDENT. 45 44 1346 8 595250 0 7368318 11714048 86811659 97668719 5505966 11313282 2263789 5355117 101949732 126051166 42168921 47580443 0 0 36498472 40206906 0 0 2747956 29509191 29337008 108176584 117124357 -6226852 8926809 412054904 444119591 70787298 87253839 341267606 356865752 A RANDOLPH-MACON COLLEGE LIBERAL ARTS EDUCATION DEVELOPS THE MIND AND CHARACTER OF EACH STUDENT. 0 0 107409378 47580443 101450508 RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A FOUR YEAR LIBERAL ARTS CURRICULUM TO APPROXIMATELY 1,843 STUDENTS. 107409378 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 2120 0 1 1346 1 1 1 0 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 THE ORGANIZATION 8047527241 310 N CENTER ST ASHLAND VA 23005 SUSAN D SCHICK CHAIR 1.00 X X 0 0 0 L PRESTON BRYANT JR THE HON VICE CHAIR 1.00 X X 0 0 0 YVONNE W BRANDON EDD SECRETARY 1.00 X X 0 0 0 ERICA GLASPER ANDREWS PHD TRUSTEE 1.00 X 0 0 0 DESMOND A BAKER TRUSTEE 1.00 X 0 0 0 REGINALD M BARLEY TRUSTEE 1.00 X 0 0 0 EVERETT B BIRDSONG TRUSTEE 1.00 X 0 0 0 J HAYWOOD BLAKEMORE IV TRUSTEE 1.00 X 0 0 0 GILBERT BLAND TRUSTEE 1.00 X 0 0 0 MACON F BROCK III TRUSTEE 1.00 X 0 0 0 GRACE B CARROLL THE HON TRUSTEE 1.00 X 0 0 0 J SCOTT COLLEY PHD TRUSTEE 1.00 X 0 0 0 WILLIAM A DAVIS JR REV TRUSTEE 1.00 X 0 0 0 KELLY K DOMSON MD TRUSTEE 1.00 X 0 0 0 MALINDA E DUNN TRUSTEE 1.00 X 0 0 0 ALICE C FRUTH TRUSTEE 1.00 X 0 0 0 F GILLIS GREEN TRUSTEE 1.00 X 0 0 0 RICHARD M HAMRICK III TRUSTEE 1.00 X 0 0 0 THOMAS M HUBBARD TRUSTEE 1.00 X 0 0 0 DEXTER C HURT TRUSTEE 1.00 X 0 0 0 R EARL JOHNSON TRUSTEE 1.00 X 0 0 0 YANCEY S JONES TRUSTEE 1.00 X 0 0 0 WILLIAM B KILDUFF TRUSTEE 1.00 X 0 0 0 ROBERT B LAMBETH JR TRUSTEE 1.00 X 0 0 0 STEPHEN P LONG MD TRUSTEE 1.00 X 0 0 0 SABRA KLEIN MALONEY TRUSTEE 1.00 X 0 0 0 DAVID G MELESKI TRUSTEE 1.00 X 0 0 0 TC MELTON III TRUSTEE 1.00 X 0 0 0 THOMAS L MILLNER TRUSTEE 1.00 X 0 0 0 R GEOFFREY NEVILLE JR TRUSTEE 1.00 X 0 0 0 ALLISON M O'BRIEN TRUSTEE 1.00 X 0 0 0 ANNETTE C PAUL TRUSTEE 1.00 X 0 0 0 JOHN B PETERS REV TRUSTEE 1.00 X 0 0 0 SUSAN P QUINN TRUSTEE 1.00 X 0 0 0 GRAHAM B RASHKIND TRUSTEE 1.00 X 0 0 0 MARY LYNN REED ESQ TRUSTEE 1.00 X 0 0 0 LOUIS E RENJEL JR TRUSTEE 1.00 X 0 0 0 MICHAEL L ROBERSON TRUSTEE 1.00 X 0 0 0 J EDWARD SPENCE MD TRUSTEE 1.00 X 0 0 0 LINWOOD A STAUB TRUSTEE 1.00 X 0 0 0 CYNTHIA C SZADOKIERSKI TRUSTEE 1.00 X 0 0 0 R RANDOLPH WEIS TRUSTEE 1.00 X 0 0 0 R DOUGLAS WHITE TRUSTEE 1.00 X 0 0 0 KATHERINE G WHITEHEAD TRUSTEE 1.00 X 0 0 0 ROBERT R LINDGREN ESQ PRESIDENT 40.00 X X 334191 0 92942 JOHN MCMANUS EXEC. ASST TO PRESIDENT 40.00 X 135997 0 19690 ROBERT G YOUNG VP ADMIN & FINANCE 40.00 X 176109 0 11085 ALISA J ROSENTHAL PROVOST 40.00 X 221678 0 11552 DIANE M LOWDER ESQ VP ADVANCEMENT 40.00 X 186128 0 36472 BRENDA POGGENDORF VP ENROLLMENT 40.00 X 235186 0 36772 MARK G MALVASI PROFESSOR OF HISTORY 40.00 X 231603 0 8295 ERICH GRANT CHAIR & PHY. ASST PROG DIR 40.00 X 165836 0 24296 CYNTHIA RUBENSTEIN FOUNDING CHAIR OF NURSING 40.00 X 232553 0 17066 BRIAN C TURNER PROFESSOR OF INTERNATIONAL RELATIONS 40.00 X 148789 0 11858 MICHAEL S FENSTER PROFESSOR OF ENVIRONMENTAL SCIENCE 40.00 X 145557 0 10449 PAUL T DAVIES FORMER VP ADMIN & FINANCE 40.00 X 189630 0 42630 2403257 0 323107 48 1 1 0 ENGLISH CONSTRUCTION COMPANY INC PO BOX P-7000 LYNCHBURG VA 24505 CONSTRUCTION SERVICES 11010665 PARKHURST DINING LLC 285 E WATERFRONT DR SUITE 200 HOMESTEAD PA 15120 FOOD SERVICES 4643272 RIDDLEBERGER BROTHERS INC 6127 S VALLEY PIKE MT CRAWFORD VA 22841 HVAC SERVICES 1352498 SYCOM TECHNOLOGIES 1801 BAYBERRY CT SUITE 302 RICHMOND VA 23226 NETWORK SERVICES 813523 ACADEMY 111 PATTERSON AVE HOBOKEN NJ 07030 TRANSPORTATION SERVICESQ 354908 34 1198084 10515964 2257573 11714048 TUITION AND FEES 611310 80433538 80433538 AUXILIARY SERVICES 611310 17235181 17235181 97668719 5575214 -113055 5688269 865023 0 865023 865023 865023 5738068 0 5738068 5738068 5738068 763484 820431 -56947 -3255 -53692 MISCELLANEOUS PROGRAMS 611310 3785044 3785044 EQUESTRIAN CENTER 711300 386190 386190 SUMMER PROGRAMS 721000 375807 375807 4547041 126051166 101450508 595250 12291360 47580443 47580443 1002276 451024 300683 250569 30461794 26501302 2562943 1397549 1257944 1085606 106651 65687 5312244 4525192 503075 283977 2172648 1874996 184202 113450 163614 88427 74215 972 79300 72163 6344 793 3042 3042 1169892 1169892 2147902 1859293 188579 100030 1624247 1591554 19598 13095 2161707 1827656 102097 231954 1906275 1652081 190093 64101 3542395 3363209 158456 20730 316764 234884 19018 62862 1174159 1020084 79595 74480 1250035 1178173 68910 2952 6369807 5792656 513098 64053 719556 670 718879 7 STUDENT FOOD SERVICE 4090139 4090139 INTERCOLLEGIATE ATHLETI 2184693 2183303 695 695 LIBRARY AND LIBRARY SER 433481 433481 117124357 107409378 6967023 2747956 22799563 28592676 4009826 6921173 3670996 4605406 1506363 4770946 2235163 1895602 248672 223103 265172533 95358652 157194188 169813881 154879020 133821222 63403669 91288991 2107444 2186591 412054904 444119591 6562859 7504694 3812441 4420207 49540956 64086699 477012 397533 10394030 10844706 70787298 87253839 X 181755325 186676534 159512281 170189218 341267606 356865752 412054904 444119591 8926809 6671337 0 X X 0 1 X 1 1 1 X 13731117 16566946 17788333 7368318 11714048 67168762 13731117 16566946 17788333 7368318 11714048 67168762 67168762 5107634 8446418 2018913 4480482 5575214 25628661 20746516 2494695 2389780 1007041 5738068 32376100 125173523 0.53660 0.55380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3042 3042 0 PART II-B, LINE 1: THE COLLEGE IS A MEMBER OF THE COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA (CICV), AN ASSOCIATION OF 28 INDEPENDENT COLLEGES AND UNIVERSITIES. CICV WORKS TO PROMOTE THE INTERESTS OF NON-PROFIT, INDEPENDENT HIGHER EDUCATION IN VIRGINA. CICV WORKED TO INITIATE AND CONTINUES TO PROMOTE THE STATE'S NON-NEED BASED TUTITION 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, 2025, CICV EXPENDED APPROXIMATELY 9.5% 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, 2025, NAICU EXPENDED APPROXIMATELY 7.0% OF THE MEMBERSHIP FEE FOR LOBBYING ACTIVITIES. X X X 0 217085858 2965444 16334272 2801640 8103611 647911 224832412 209331307 1585161 16668426 2025740 8363664 109632 217085858 203175738 5673737 11567680 2563778 8060080 461990 209331307 224352996 3919464 -23779221 2248715 7496791 -8428005 203175738 171152273 2285235 54043723 2000579 7167879 -6040223 224352996 0.34500 0.37120 0.28380 1 0 7801523 7801523 216184039 73181041 143002998 308834 145409 163425 27852291 22032202 5820089 13025846 13025846 169813881 CASH AND TEMPORARY INVESTMENTS 814513 F MARKETABLE ALTERNATIVE ASSETS 40304746 F NONMARKETABLE ALTERNATIVE ASSETS 50169732 F 91288991 ANNUITIES PAYABLE 941994 POST RETIREMENT BENEFIT LIABILITY 7517540 REFUNDABLE LOAN PROGRAMS 2385172 10844706 X 84792599 6671337 6671337 78121262 1169892 46760012 47929904 126051166 69194453 820431 820431 68374022 1169892 47580443 48750335 117124357 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. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVEUNE CODE. THE FEDERAL FORM 990 OF THE COLLEGE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 47,580,443. BOOK STORE COST OF GOODS SOLD NETTED AGAINST INCOME -820,431. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK STORE COST OF GOODS SOLD NETTED AGAINST INCOME 820,431. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND FINANCIAL AID PAID 47,580,443. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NON-DISCRIMINATORY POLICY IS STATED IN THE COLLEGE CATALOG, ADMISSIONS BROCHURES AND IN RECRUITING MATERIALS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL FINANCIAL AID MOST OF WHICH IS PASSED THROUGH TO STUDENTS. 1 COLLEGE DESIGNATED (UNFUNDED) GRANTS AND SCHOLARSHIPS 1622 43921446 DONOR RESTRICTED (FUNDED) GRANTS AND SCHOLARSHIPS 366 3532893 FEDERAL SUPPLEMENTAL GRANTS 111 126104 PART I, LINE 2: ALL GRANTS REPORTED IN PART III OF SCHEDULE I ARE TO STUDENTS OF THE COLLEGE FOR FINANCIAL ASSISTANCE WITH THEIR COSTS OF ATTENDANCE. GRANTS ARE ELECTRONICALLY TRANSMITTED BY THE OFFICE OF FINANCIAL AID INTO THE ACCOUNTS RECEIVABLE SYSTEM OF THE BUSINESS OFFICE BASED UPON SYSTEM IDENTIFICATION NUMBERS FOR INDIVIDUALS. EACH STUDENT IS ABLE TO COMPARE THE AID POSTED AGAINST HIS BILLING STATEMENT FOR TUITION AND FEES TO THE AWARD LETTER HE RECEIVED FROM THE FINANCIAL AID OFFICE. ADDITIONALLY, DURING THE COLLEGE'S ANNUAL AUDIT, THIS PROCESS IS TESTED FOR ACCURACY NOT ONLY OF AMOUNTS AND ASSIGNMENT TO CORRECT INDIVIDUALS, BUT ALSO FOR ANY RESTRICTIONS OF GRANT FUNDING REGARDING AWARDEE ATTRIBUTES REQUIRED TO QUALIFY FOR ANY PARTICULAR AWARD. LINE THREE IN PART III REPORTS THE FEDERALLY FUNDED SUPPLEMENTAL GRANTS; THE COLLEGE ANNUALLY CONTRACTS FOR AN AUDIT IN ACCORDANCE WITH THE REQUIREMENTS OF THE UNIFORM GUIDANCE. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 ROBERT R LINDGREN ESQ PRESIDENT 324806 0 0 0 9385 0 51444 0 41498 0 427133 0 0 0 BRENDA POGGENDORF VP ENROLLMENT 234995 0 0 0 191 0 23175 0 13597 0 271958 0 0 0 CYNTHIA RUBENSTEIN FOUNDING CHAIR OF NURSING 207139 0 25000 0 414 0 9171 0 7895 0 249619 0 0 0 MARK G MALVASI PROFESSOR OF HISTORY 230262 0 0 0 1341 0 3035 0 5260 0 239898 0 0 0 ALISA J ROSENTHAL PROVOST 221264 0 0 0 414 0 11235 0 317 0 233230 0 0 0 PAUL T DAVIES FORMER VP ADMIN & FINANCE 187344 0 0 0 2286 0 30500 0 12130 0 232260 0 0 0 DIANE M LOWDER ESQ VP ADVANCEMENT 180563 0 0 0 5565 0 28576 0 7896 0 222600 0 0 0 ERICH GRANT CHAIR & PHY. ASST PROG DIR 165566 0 0 0 270 0 12120 0 12176 0 190132 0 0 0 ROBERT G YOUNG VP ADMIN & FINANCE 175867 0 0 0 242 0 0 0 11085 0 187194 0 0 0 BRIAN C TURNER PROFESSOR OF INTERNATIONAL RELATIONS 147458 0 0 0 1331 0 3024 0 8834 0 160647 0 0 0 MICHAEL S FENSTER PROFESSOR OF ENVIRONMENTAL SCIENCE 145130 0 0 0 427 0 1541 0 8908 0 156006 0 0 0 JOHN MCMANUS EXEC. ASST TO PRESIDENT 134859 0 0 0 1138 0 6438 0 13252 0 155687 0 0 0 PART I, LINE 4B THE COLLEGE CONTRIBUTED $23,000 TO A 457(B) PLAN FOR THE PRESIDENT. A VCBA REVENUE BONDS SERIES 2018 541249154 2018-07-11 27947623 REFUND SERIES 2012, 2013, 2017 & NOTE 0 0 0 B VCBA REVENUE BONDS SERIES 2021 541249154 2021-05-12 30527562 REFUND SERIES 2002A, 2004A & RENOVATE & CONSTRUCT 0 0 0 C VCBA REVENUE BONDS SERIES 2025 541249154 2025-03-30 17298810 WEST CAMPUS HOUSING, IT EQUIPMENT, DINING HALL UPGRADES & MODULAR HOUSING 0 0 0 A 27947623 336826 27609553 2021 1 0 1 1 B 30527562 319810 25049908 5157844 2024 1 0 1 1 C 17298810 128808 15734927 1435075 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 X 2 78070 DONOR VALUE X 39 2107383 AVE HIGH/LOW AT TRANSFER X MISCELLANEOUS 9 32395 DONOR VALUE X LIVESTOCK 1 30000 DONOR VALUE X SUPPLIES 1 9725 DONOR VALUE 0 1 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: A RANDOLPH-MACON COLLEGE LIBERAL ARTS EDUCATION DEVELOPS THE MIND AND CHARACTER OF EACH STUDENT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEWING 990: THE TREASURER, CONTROLLER, ASSISTANT VICE PRESIDENT OF FINANCE AND PRESIDENT, CONSULT TO DETERMINE THAT A DRAFT OF THE 990 FORM IS ACCURATE TO THE BEST OF THEIR KNOWLEDGE. BY CHARTER MANDATE, THE AUDIT COMMITTEE OF THE BOT REVIEWS THE DRAFT BEFORE IT IS 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 BEFORE 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. SHE IS RESPONSIBLE FOR ENSURING THAT ALL DISTRIBUTED STATEMENTS ARE COMPLETED AND RETURNED AND REVIEWED FOR POTENTIAL CONFLICTS. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REPORTS THE RESULTS OF THE QUESTIONNAIRES TO THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE REPORTS CONFLICTS TO THE FULL BOARD FOR APPROPRIATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: A COMMITTEE APPOINTED AND CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY EVALUATES THE PRESIDENT'S PERFORMANCE AND DETERMINES HIS COMPENSATION BASED BOTH ON HIS PERFORMANCE AND BY COMPARING HIS COMPENSATION TO OTHER SIMILAR SIZED INSTITUTIONS. LINE 15B: KEY EMPLOYEES ARE EVALUATED ANNUALLY BY THE PRESIDENT. THEIR COMPENSATION IS BASED ON PERFORMANCE AND BY COMPARING THEIR COMPENSATION TO OTHER SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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. R-MC EQUESTRIAN LLC 310 N CENTER STREET ASHLAND VA 23005 PROVIDE BOARDING OF HORSES, HORSE LESSONS, SHOWS, CAMPS AND EQUESTRIAN PROGR VA 718534 1969439 RANDOLPH-MACON COLLEGE RANDOLPH-MACON PROPERTIES LLC 310 N CENTER STREET ASHLAND VA 23005 SUPPORTING THE CHARITABLE ACTIVITIES OF RANDOLPH-MACON COLLEGE VA 143004 RANDOLPH-MACON COLLEGE