Civic Intelligence

Hampden-Sydney College

990 • Fiscal year 2014 • EIN 54-0505906

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

College Road23943

(434) 223-6216

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.10x

Higher debt load relative to assets than 19% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

33rd percentile

0.39x

Higher debt load relative to revenue than 33% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

30th percentile

1.9%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

19th percentile

$415,158

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

55th percentile

7.6%

Faster asset growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$272,326,809

Up $19,145,897 (+7.6%) from 2013

Net Assets

Up

$244,843,056

Up $20,582,641 (+9.2%) from 2013

Liabilities

Down

$27,483,753

Down $1,436,744 (-5.0%) from 2013

Revenue

$69,735,490

No earlier filing loaded for comparison.

Expenses

Up

$68,436,660

Up $2,618,167 (+4.0%) from 2013

Net Income

$1,298,830

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $234,740,540Liabilities 2010: $39,986,504Net Assets 2010: $194,754,0362010Assets 2011: $246,942,768Liabilities 2011: $33,507,729Net Assets 2011: $213,435,0392011Assets 2012: $245,903,914Liabilities 2012: $35,703,818Net Assets 2012: $210,200,0962012Assets 2013: $253,180,912Liabilities 2013: $28,920,497Net Assets 2013: $224,260,4152013Assets 2014: $272,326,809Liabilities 2014: $27,483,753Net Assets 2014: $244,843,0562014Assets 2015: $281,461,248Liabilities 2015: $26,292,158Net Assets 2015: $255,169,0902015Assets 2016: $266,330,230Liabilities 2016: $24,461,333Net Assets 2016: $241,868,8972016Assets 2017: $284,546,968Liabilities 2017: $27,426,302Net Assets 2017: $257,120,6662017Assets 2018: $299,719,788Liabilities 2018: $23,614,750Net Assets 2018: $276,105,0382018Assets 2019: $321,738,138Liabilities 2019: $40,896,891Net Assets 2019: $280,841,2472019Assets 2020: $332,900,116Liabilities 2020: $40,251,102Net Assets 2020: $292,649,0142020Assets 2021: $420,390,669Liabilities 2021: $55,577,714Net Assets 2021: $364,812,9552021Assets 2022: $448,932,160Liabilities 2022: $105,396,771Net Assets 2022: $343,535,3892022Assets 2023: $491,831,635Liabilities 2023: $90,832,322Net Assets 2023: $400,999,3132023Assets 2024: $535,506,890Liabilities 2024: $110,597,053Net Assets 2024: $424,909,8372024

Highlighted filing

2014

Assets$272,326,809
Liabilities$27,483,753
Net Assets$244,843,056

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $58,984,8852010Expenses 2011: $60,627,7112011Expenses 2012: $64,732,5422012Expenses 2013: $65,818,4932013Revenue 2014: $69,735,490Expenses 2014: $68,436,660Net Income 2014: $1,298,8302014Revenue 2015: $77,113,045Expenses 2015: $71,904,805Net Income 2015: $5,208,2402015Revenue 2016: $70,447,567Expenses 2016: $74,775,560Net Income 2016: -$4,327,9932016Revenue 2017: $73,231,784Expenses 2017: $73,418,631Net Income 2017: -$186,8472017Revenue 2018: $83,828,487Expenses 2018: $77,025,569Net Income 2018: $6,802,9182018Revenue 2019: $78,799,155Expenses 2019: $80,027,281Net Income 2019: -$1,228,1262019Revenue 2020: $118,845,969Expenses 2020: $79,336,993Net Income 2020: $39,508,9762020Revenue 2021: $102,708,880Expenses 2021: $77,312,536Net Income 2021: $25,396,3442021Revenue 2022: $80,706,273Expenses 2022: $80,819,006Net Income 2022: -$112,7332022Revenue 2023: $141,187,466Expenses 2023: $88,100,048Net Income 2023: $53,087,4182023Revenue 2024: $106,340,222Expenses 2024: $95,825,525Net Income 2024: $10,514,6972024

Highlighted filing

2014

Revenue$69,735,490
Expenses$68,436,660
Net Income$1,298,830
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$73,377,557
Mission and Program Overview

Mission

Since 1775, the mission of Hampden-Sydney College has been to form good men and good citizens in an atmosphere of sound learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$140,723,115$157,827,715▲ $17,104,600
Land, Buildings, and Equipment, Net$89,529,254$87,228,861▼ $2,300,393
Cash and Non-Interest-Bearing Accounts$2,788,276$9,325,078▲ $6,536,802
Other Notes and Loans Receivable, Net$6,201,987$5,853,868▼ $348,119
Investments in Publicly Traded Securities$4,523,589$5,132,223▲ $608,634
Pledges and Grants Receivable$3,456,593$4,139,425▲ $682,832
Inventories for Sale or Use$1,140,682$1,240,958▲ $100,276
Accounts Receivable$4,026,451$822,850▼ $3,203,601
Prepaid Expenses and Deferred Charges$790,965$755,831▼ $35,134
Total Assets$253,180,912$272,326,809▲ $19,145,897
Liabilities
Tax Exempt Bond Liabilities$19,086,777$17,580,749▼ $1,506,028
Accounts Payable and Accrued Expenses$6,547,340$6,883,952▲ $336,612
Grants Payable$1,332,004$1,326,797▼ $5,207
Unsecured Notes Loans Payable$1,522,505$1,285,628▼ $236,877
Deferred Revenue$280,226$313,167▲ $32,941
Mortgage Notes Payable Secured by Investment Property$151,645$93,460▼ $58,185
Total Liabilities$28,920,497$27,483,753▼ $1,436,744
Net Assets / Fund Balance
Temporarily Rstr Net Assets$76,564,729$92,338,940▲ $15,774,211
Permanently Rstr Net Assets$78,265,184$83,289,634▲ $5,024,450
Unrestricted Net Assets$69,430,502$69,214,482▼ $216,020
Total Net Assets Fund Balance$224,260,415$244,843,056▲ $20,582,641
Total Liabilities and Net Assets / Fund Balance$253,180,912$272,326,809▲ $19,145,897

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$79,706,053$42,602,817$122,308,870
Equipment$2,481,293$22,181,536$24,662,829
Leasehold Improvements$2,032,565$8,687,680$10,720,245
Land$3,008,950-$3,008,950
Other Securities$7,341,399--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$135,681,072$3,132,469▲ $19,873,887$5,993,116$152,694,312
2012$125,721,745$2,149,090▲ $13,656,753$5,846,516$135,681,072
2011$129,378,730$1,042,881▲ $2,371,855$7,071,721$125,721,745
2010$112,596,194$2,651,842▲ $20,162,259$5,991,565$129,378,730
2009$111,497,204$774,327▲ $6,390,867$6,026,977$112,596,194
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher B HowardPresidentFT$318,364$96,794$415,158
Herbert L KingVP Instit AdvancementFT$168,200$50,339$218,539
W Glenn Culley JrVP for Bus AffFinanceFT$165,078$42,878$207,956
Dennis G StevensProvostDean of FacultyFT$153,124$51,091$204,215
Anita H GarlandDean of AdmissionsFT$141,350$21,335$162,685
Charles Beeler BrushSenior Major Gifts OfficerFT$122,657$20,255$142,912
Kenneth Neal TownsendProfessorFT$122,882$18,378$141,260
William Albert ShearProfessorFT$119,457$14,749$134,206
David W GibsonProfessorFT$113,027$13,754$126,781
Vernon Dale JonesVP AdminFT$101,270$10,270$111,540

Highest Paid Contractors

ContractorServicesLocationCompensation
Thompson HospitalityFood Service-$3,050,465
Royal CompanyConsultants-$452,833
Bush River Contractors LLCContractor-$211,579
Jenzabar IncIT Service-$197,298
HanburyEvansWrightVlattasArchitect-$189,083
Revenue and Support

Revenue Composition

Contributions and Grants
$14,134,513
Program Service Revenue
$53,345,997
Investment Income
$1,776,278
Other Revenue
$478,702
All Other Contributions
$10,728,320
Change in Net Assets
$1,298,830

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded120$982,786Fair Market Value (FMV)
Total Noncash Contributions120$982,786-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$25,673,948
Grants and Similar Amounts Paid$22,093,915
Other Expenses$20,668,797
Total Fundraising Expense$2,302,680
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,093,915--$22,093,915
Other Salaries and Wages$14,840,582$3,165,332$1,187,278$19,193,192
Other Expenses$4,024,039$976,721$35,376$5,036,136
Depreciation Depletion$3,820,356--$3,820,356
Other Employee Benefits$2,119,692$570,674$197,787$2,888,153
Office Expenses$1,367,513$1,066,796$156,720$2,591,029
Occupancy$979,771$1,098,550-$2,078,321
All Other Expenses$1,502,480--$1,502,480
Payroll Taxes$1,052,224$283,285$98,182$1,433,691
Pension Plan Contributions$947,991$255,223$88,456$1,291,670
Travel$659,434$210,001$89,334$958,769
Current Officers, Directors, Trustees, and Key Employees-$688,598$178,644$867,242
Information Technology$580,711$71,190-$651,901
Interest$494,096--$494,096
Insurance$120,726$202,410-$323,136
Fees for Services Legal$1,895$158,794-$160,689
Fees for Services Accounting-$92,019-$92,019
Total Functional Expenses$56,802,478$9,331,502$2,302,680$68,436,660
International Activity

International Summary

Spending
$6,980,780

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanUnrelated trade or business---$6,980,780
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Scott HarwoodFormer TrusteeHSC purchased insurance from HarwoodSon InsNo$358,443
Charles CabellTrusteeHSC does business with Williams MullenNo$149,109
Patricia TownsendSpouse of Kenneth TownsendHC EmploCompensation paid as employee of CollegeNo$35,089
Maureen CulleySpouse of W Glenn CulleyOfficerCompensation paid as employee of CollegeNo$32,192
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
C54-12457812005-11-10$10,000,000Construction Equipping of a library facility
D54-12491542010-05-13$7,190,000Refunding bonds
A54-60012722003-03-06$6,000,000Constructing and renovating buildings
B54-60012722004-07-15$1,210,000Renovating & equipping Graham Hall

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$10,000,000$9,965,000-$35,000
D$7,380,060--$141,965
A$6,000,000$5,887,500-$112,500
B$1,210,000$1,186,000-$24,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 Affairs and Finance and then by the Board of Trustees through a secure website before it is filed with the IRS.

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.

CEO executive director top management comp Part VI line 15A

Form 990, Part VI, Section B, Line 15a: Outside compensation consultants were 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.

Other officer or key employee compensation Part VI line 15B

See explanation for Part VI, Line 15a

Governing documents etc available to public Part VI line 19

FORM 990, PART VI, SECTION B, LINE 19: Hampden-Sydney College's governing documents, conflict of interest policy, financial statements, etc,are made available to the public upon request to the Vice President for business affairs and finance.

Filing and Contact Details

Filer

EIN
54-0505906

Signing Officer

Name
W Glenn Culley Jr
Title
VP Business Aff
Phone
4342236216
Signed
2015-05-13

Organization Details

Principal Officer
Christopher B Howard
Formed
1919
Legal Domicile
Va
Voting Board Members
37
Independent Board Members
37
Employees
912
Volunteers
947
Supplemental Narrative

Financial Statement Notes

Endowment funds intended uses (Part V, line 4)

Hampden-Sydney's endowment funds are used to provide financial aid to students with a demonstrated financial need, as well as, academic achievement. The funds also support chairs, professorships, and other programs that support the college as a whole. The College also benefits from financial support that the funds contribute to the annual operating budget.

Footnote for uncertain tax position under FIN 48 (Part X)

Management evaluated the College's tax positions and has concluded that the College has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Hampden-Sydney College is a lively community seeking to form good men and good citizens in an atmosphere of sound learning. The mission of the College is to instill in its students a commitment to sound scholarship through studies in the natural sciences, the humanities, and the social sciences; to cultivate qualities of character and moral discernment rooted in the Judeo-Christian tradition; to develop clear thinking and expression; to promote an understanding of the world and our place in it; to impart a comprehension of social institutions as a basis for intelligent citizenship and responsible leadership in a democracy; to prepare those with special interests and capacities for graduate and professional study; and to equip graduates for a rewarding and productive life.Hampden-Sydney is a liberal arts college for men now enrolling approximately 1,070 students. In operation since 1775, the College is one of the oldest institutions of higher learning in the US.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd36X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4413754
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4514749
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4610270
IRS990/Form990PartVIISectionAGrp/PersonNm0Thomas N Allen
IRS990/Form990PartVIISectionAGrp/PersonNm1John B Adams Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael H Blackwell
IRS990/Form990PartVIISectionAGrp/PersonNm3J Trevor Boyce
IRS990/Form990PartVIISectionAGrp/PersonNm4Charles L Cabell
IRS990/Form990PartVIISectionAGrp/PersonNm5Lawrence B Caplin
IRS990/Form990PartVIISectionAGrp/PersonNm6Bradley H Cary
IRS990/Form990PartVIISectionAGrp/PersonNm7Cynthia L Citrone
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard P Cook
IRS990/Form990PartVIISectionAGrp/PersonNm9Jon M Daly
IRS990/Form990PartVIISectionAGrp/PersonNm10John C Ellis Jr
IRS990/Form990PartVIISectionAGrp/PersonNm11H Todd Flemming
IRS990/Form990PartVIISectionAGrp/PersonNm12Andrew W Freitas
IRS990/Form990PartVIISectionAGrp/PersonNm13H Hiter Harris III
IRS990/Form990PartVIISectionAGrp/PersonNm14M Peebles Harrison
IRS990/Form990PartVIISectionAGrp/PersonNm15Nathan J DaPore
IRS990/Form990PartVIISectionAGrp/PersonNm16John W Drescher
IRS990/Form990PartVIISectionAGrp/PersonNm17John L Gibson III
IRS990/Form990PartVIISectionAGrp/PersonNm18John W Kirk III
IRS990/Form990PartVIISectionAGrp/PersonNm19Eugene W Hickok Jr
IRS990/Form990PartVIISectionAGrp/PersonNm20Frederick C Larmore
IRS990/Form990PartVIISectionAGrp/PersonNm21John G Macfarlane III
IRS990/Form990PartVIISectionAGrp/PersonNm22John E Mansfield Jr
IRS990/Form990PartVIISectionAGrp/PersonNm23David J McKittrick
IRS990/Form990PartVIISectionAGrp/PersonNm24W Sheppard Miller III
IRS990/Form990PartVIISectionAGrp/PersonNm25Gordon C Nash
IRS990/Form990PartVIISectionAGrp/PersonNm26Jon A Pace
IRS990/Form990PartVIISectionAGrp/PersonNm27Tayloe N Negus
IRS990/Form990PartVIISectionAGrp/PersonNm28James C Wheat III
IRS990/Form990PartVIISectionAGrp/PersonNm29Charles W Payne Jr
IRS990/Form990PartVIISectionAGrp/PersonNm30Myron L Rolle
IRS990/Form990PartVIISectionAGrp/PersonNm31William T Saunders Jr
IRS990/Form990PartVIISectionAGrp/PersonNm32Gordon D Schreck
IRS990/Form990PartVIISectionAGrp/PersonNm33Thaddeus R Shelly III
IRS990/Form990PartVIISectionAGrp/PersonNm34Robert D Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm35Anne Marie Whittemore
IRS990/Form990PartVIISectionAGrp/PersonNm36David G Wilson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm37Christopher B Howard
IRS990/Form990PartVIISectionAGrp/PersonNm38W Glenn Culley Jr
IRS990/Form990PartVIISectionAGrp/PersonNm39Dennis G Stevens
IRS990/Form990PartVIISectionAGrp/PersonNm40Herbert L King
IRS990/Form990PartVIISectionAGrp/PersonNm41Anita H Garland
IRS990/Form990PartVIISectionAGrp/PersonNm42Kenneth Neal Townsend
IRS990/Form990PartVIISectionAGrp/PersonNm43Charles Beeler Brush
IRS990/Form990PartVIISectionAGrp/PersonNm44David W Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm45William Albert Shear
IRS990/Form990PartVIISectionAGrp/PersonNm46Vernon Dale Jones
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt44113027
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt45119457

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$536$111$425$106$95.8$10.5
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$492$90.8$401$141$88.1$53.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$449$105$344$80.7$80.8$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$420$55.6$365$103$77.3$25.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$333$40.3$293$119$79.3$39.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$322$40.9$281$78.8$80.0$1.23
2018Summary only. Only limited summary data is available for this year.$300$23.6$276$83.8$77.0$6.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$285$27.4$257$73.2$73.4$0.19
2016Detailed filing. Detailed filing data is available for this year.$266$24.5$242$70.4$74.8$4.33
2015Detailed filing. Detailed filing data is available for this year.$281$26.3$255$77.1$71.9$5.21
2014Detailed filing. Detailed filing data is available for this year.$272$27.5$245$69.7$68.4$1.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$253$28.9$224$65.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$246$35.7$210$64.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$33.5$213$60.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$235$40.0$195$59.0