Civic Intelligence

Ferrum College

990 • Fiscal year 2025 • EIN 54-0506457

Jul 01, 2024 to Jun 30, 2025

Organization ProfileWWW.FERRUM.EDU

View Organization Page

P O Box 1000Ferrum, VA 24088

(540) 365-4231

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$127,530,844

Up $3,031,969 (+2.4%) from 2024

Net Assets

Up

$103,250,959

Up $3,981,150 (+4.0%) from 2024

Liabilities

Down

$24,279,885

Down $949,181 (-3.8%) from 2024

Revenue And Expenses

Revenue

Down

$40,045,924

Down $3,104,243 (-7.2%) from 2024

Expenses

Down

$41,442,376

Down $6,304,700 (-13%) from 2024

Net Income

Up

-$1,396,452

Up $3,200,457 (+70%) from 2024

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $89,219,388Liabilities 2010: $29,720,174Net Assets 2010: $59,499,2142010Assets 2011: $100,097,838Liabilities 2011: $29,929,425Net Assets 2011: $70,168,4132011Assets 2012: $105,110,578Liabilities 2012: $32,700,742Net Assets 2012: $72,409,8362012Assets 2013: $114,229,674Liabilities 2013: $35,680,653Net Assets 2013: $78,549,0212013Assets 2014: $121,113,100Liabilities 2014: $35,031,855Net Assets 2014: $86,081,2452014Assets 2015: $120,240,510Liabilities 2015: $33,319,540Net Assets 2015: $86,920,9702015Assets 2016: $116,739,301Liabilities 2016: $32,056,116Net Assets 2016: $84,683,1852016Assets 2017: $124,203,089Liabilities 2017: $31,439,613Net Assets 2017: $92,763,4762017Assets 2018: $125,074,857Liabilities 2018: $32,589,860Net Assets 2018: $92,484,9972018Assets 2019: $124,844,640Liabilities 2019: $32,443,032Net Assets 2019: $92,401,6082019Assets 2020: $125,611,329Liabilities 2020: $34,556,847Net Assets 2020: $91,054,4822020Assets 2021: $138,488,654Liabilities 2021: $31,535,326Net Assets 2021: $106,953,3282021Assets 2022: $126,663,415Liabilities 2022: $28,348,191Net Assets 2022: $98,315,2242022Assets 2023: $126,357,545Liabilities 2023: $28,152,478Net Assets 2023: $98,205,0672023Assets 2024: $124,498,875Liabilities 2024: $25,229,066Net Assets 2024: $99,269,8092024Assets 2025: $127,530,844Liabilities 2025: $24,279,885Net Assets 2025: $103,250,9592025

Highlighted filing

2025

Assets$127,530,844
Liabilities$24,279,885
Net Assets$103,250,959
Open 2025 Filing

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $41,383,6792010Revenue 2011: $50,466,390Expenses 2011: $44,925,689Net Income 2011: $5,540,7012011Expenses 2012: $48,958,5252012Expenses 2013: $52,553,6342013Revenue 2014: $56,312,691Expenses 2014: $53,793,788Net Income 2014: $2,518,9032014Revenue 2015: $58,441,065Expenses 2015: $56,950,012Net Income 2015: $1,491,0532015Revenue 2016: $53,961,422Expenses 2016: $54,484,433Net Income 2016: -$523,0112016Revenue 2017: $57,698,507Expenses 2017: $54,376,055Net Income 2017: $3,322,4522017Revenue 2018: $51,272,796Expenses 2018: $53,566,276Net Income 2018: -$2,293,4802018Revenue 2019: $52,056,769Expenses 2019: $53,791,127Net Income 2019: -$1,734,3582019Revenue 2020: $50,862,337Expenses 2020: $53,101,585Net Income 2020: -$2,239,2482020Revenue 2021: $55,095,232Expenses 2021: $50,724,669Net Income 2021: $4,370,5632021Revenue 2022: $48,896,269Expenses 2022: $51,555,496Net Income 2022: -$2,659,2272022Revenue 2023: $43,486,308Expenses 2023: $48,426,770Net Income 2023: -$4,940,4622023Revenue 2024: $43,150,167Expenses 2024: $47,747,076Net Income 2024: -$4,596,9092024Revenue 2025: $40,045,924Expenses 2025: $41,442,376Net Income 2025: -$1,396,4522025

Highlighted filing

2025

Revenue$40,045,924
Expenses$41,442,376
Net Income-$1,396,452
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
May 15, 2026
Return Version
2024v5.5
Gross Receipts
$40,514,267
Mission and Program Overview

Mission

Ferrum college is a 4 year liberal arts institution founded on christian principles and related to the united methodist church. It is our mission to educate students in the disciplines of higher learning and to help them be thoughtful and perceptive, to be articulate and professionally capable, and to be caring and concerned citizens in their community, nation, and world.

Ferrum college is a private liberal arts institution that provides both undergraduate and graduate degrees. We are a dynamic learning community where students enter with promise and leave with purpose. The mission is supported by our vision to inspire everyone to do good work, build good futures, and live good lives. Through generosity of spirit, being a community that connects and inspires, providing opportunity, regardless of background, and exhibiting resilience through innovation and resourcefulness, we strengthen our mission and vision. Our one priority is to fulfill the promise of college by providing pathways to meaningful work, making education attainable, and staying connected for a lifetime.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$52,019,759$50,952,933▼ $1,066,826
Investments in Publicly Traded Securities$43,348,907$47,638,307▲ $4,289,400
Savings and Temporary Cash Investments$8,379,430$4,967,208▼ $3,412,222
Pledges and Grants Receivable$475,957$3,892,665▲ $3,416,708
Accounts Receivable$1,450,206$1,557,816▲ $107,610
Investments Other Securities$2,408,061$1,397,795▼ $1,010,266
Prepaid Expenses and Deferred Charges$957,096$903,186▼ $53,910
Inventories for Sale or Use$504,620$459,025▼ $45,595
Other Notes and Loans Receivable, Net$527,312$330,921▼ $196,391
Cash and Non-Interest-Bearing Accounts$118,334$125,553▲ $7,219
Total Assets$124,498,875$127,530,844▲ $3,031,969
Other Assets Total$14,309,193$15,305,435▲ $996,242
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,171,323$16,765,772▼ $405,551
Tax Exempt Bond Liabilities$5,400,276$4,582,019▼ $818,257
Deferred Revenue$918,992$1,193,048▲ $274,056
Accounts Payable and Accrued Expenses$1,109,756$1,083,031▼ $26,725
Other Liabilities$628,634$655,930▲ $27,296
Unsecured Notes Loans Payable$85$85→ $0
Total Liabilities$25,229,066$24,279,885▼ $949,181
Net Assets / Fund Balance
Net Assets With Donor Restrictions$56,665,561$65,279,788▲ $8,614,227
Net Assets Without Donor Restrictions$42,604,248$37,971,171▼ $4,633,077
Total Net Assets Fund Balance$99,269,809$103,250,959▲ $3,981,150
Total Liabilities and Net Assets / Fund Balance$124,498,875$127,530,844▲ $3,031,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,848,944$35,354,187$82,203,131
Equipment$1,734,826$11,179,893$12,914,719
Other Land Buildings$1,694,160$5,808,605$7,502,765
Land$675,003-$675,003
Other Assets Org$15,305,435--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$60,249,916$6,782,994▲ $7,149,759$2,293,162$67,758,152
2023$57,626,099$631,822▲ $8,751,815$2,307,938$60,249,916
2022$58,180,012$253,801▲ $6,372,624$2,311,635$57,626,099
2021$66,146,540$742,315▼ $5,833,094$923,008$58,180,012
2020$52,306,519$1,157,995▲ $15,226,382$840,311$66,146,540
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Mirta M MartinPresidentFT$203,000$20,255$223,255
Lisa BowlingVP for Institutional AdvanFT$130,049$12,313$142,362
Mark PooreVice President of TechnologyFT$125,879$505$126,384
Delia HeckProvostFT$111,138$12,580$123,718
Jason PowellAssoc VP Academic AffairsFT$104,215$12,580$116,795
Melody SharpDirector of NursingFT$100,836$7,989$108,825
Jessica LutherAssoc Chief Accounting Officer/CFOFT$84,509$10,926$95,435
Frances DymondChief Legal OfficerPT$5,216-$5,216

Board Members and Trustees

NameTitle
D Scott ShowalterChair of the Board of Trus
W Jeffrey Booker1st Vice Chair
Everett Foxx2nd Vice Chair
Annita P NelsonTrustee
Baxter F Phillips JrTrustee
Bishop Sue Haupert-johnsonTrustee
Clyde Holland Perdue IiiTrustee
David ArringtonTrustee
Dr Karen McelfishTrustee
F Abe DymondTrustee
Gerard RobinsonTrustee
Glenn LoopeTrustee
Jamie GreenTrustee
John P CougillTrustee
Judson MasonTrustee
Nancy WalshTrustee
Rev Dr Sarah CalvertTrustee
Amanda CoxSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Metz Culinary ManagementDining ServicesTWO WOODLAND DRIVE, Dallas, PA 18612$2,621,817
Blair ConstructionBuilding ContractorPOST OFFICE BOX 612, Gretna, VA 24557$859,930
Ellucian INCTechnology Solutions62578 COLLECTIONS CENTER DR, Chicago, IL 60693$549,569
Black Tie Bus ChartersAthletic Transportation3050 RIDGEWOOD RD, Winston Salem, NC 27107$258,051
AccessuMarketing701 PATTERSON AVE SW, Roanoke, VA 24016$222,075
Revenue and Support

Revenue Composition

Contributions and Grants
$8,990,855
Program Service Revenue
$29,110,736
Investment Income
$1,829,784
Other Revenue
$114,549
All Other Contributions
$8,603,086
Change in Net Assets
$-1,396,452

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 Traded6$142,650Ave High/low (gift Date)
Cars and Other Vehicles1$13,850Donor Value
Other Non Cash Contri Table1$3,150Donor Value
Total Noncash Contributions8$159,650-

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,940,288
Revenue Not Reported on Financial Statements
$13,105,636
Revenue Not Reported on Form 990
$5,250,535
Other Revenue Adjustments
$12,982,968
Total Revenue per Audited Statements
$32,190,823
Total Revenue per Form 990
$40,045,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,364,869
Other Expenses$13,905,401
Grants and Similar Amounts Paid$13,172,106
Total Fundraising Expense$467,647
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$13,172,106--$13,172,106
Other Salaries and Wages$9,030,616$1,375,206$167,274$10,573,096
Occupancy$3,124,694$7,158-$3,131,852
Depreciation Depletion$2,018,994--$2,018,994
Current Officers, Directors, Trustees, and Key Employees$646,987$719,757$162,038$1,528,782
Other Employee Benefits$976,457$528,394$16,198$1,521,049
Information Technology$13,338$865,031$73,762$952,131
Insurance$193,389$719,506-$912,895
Payroll Taxes$630,129$99,498$12,315$741,942
Office Expenses$495,145$144,312$18,507$657,964
Fees for Services Other$538,447$35,464-$573,911
Other Expenses$92,066$317,976$6,095$410,042
Travel$332,730$8,981$7,009$348,720
Fees for Service Investment Mgmnt Fees-$122,668-$122,668
Fees for Services Legal-$91,941-$91,941
Fees for Services Accounting-$78,071-$78,071
Advertising$19,952$1,500-$21,452
Conferences and Meetings$3,795$1,726-$5,521
Total Functional Expenses$35,214,971$5,759,758$467,647$41,442,376

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$41,442,376
Total Expenses per Audited Statements$28,209,673
Expenses per Audited Statements$28,020,535
Expenses Not Reported on Financial Statements$13,421,841
Other Expense Adjustments$13,299,173
Expenses Not Reported on Form 990$189,138
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$154,915
Fundraising Direct Expenses$77,965
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$69,604$33,479$34,597$-1,118
Raffle$33,057$33,057$1,380$31,677
Total Events$193,215$154,915$77,965$76,950
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligations$520,221
Amounts Held on Behalf of Others$116,039
Annuity Obligations$88,756
Deferred Loan Cost, Net of Amortization$-69,086

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Dev Auth of Prince Edward County Va2016-10-06$9,617,646Refinancing of 2008, 2010 and 2011 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,617,646--$173,225

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Four ex-officio trustees shall serve with the vote - they are 1) president of ferrum college alumni association, 2) presiding bishop of the virginia annual conference of the united methodist church or designee, 3) the district superintendent of the danville district of the virginia annual conference of the united methodist church or designee, and 4) the president of the united women in faith of the virginia annual conference of the united methodist church or designee (ex-officio); the remainder of the voting trustees are elected by the board of trustees.”

Form 990, Part VI, Section B, Line 11B

“The audit committee of the board of trustees accepts responsibility for detailed review of the 990 and after their review, the 990 is made available for the full board of trustees for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Ferrum college has policies for regularly and consistently monitoring potential conflicts of interest for the governing board and employees. In both cases, at a minimum board members and employees are required to complete conflict of interest forms which require notice of potential conflict of interest if it should arise within the annual reporting period. This notice would be provided to the chair of the board if from a trustee or the director of human resources if an employee. The audit committee of the board of trustees reviews the conflict of interest policy as it relates to the board of trustees to ensure that potential conflicts are adequately resolved and documented. They also review related party transaction of board members. The president has delegated the responsibility of oversight of the employee conflict of interest policy to the director of human resources and the vice presidents for the functional areas of the college. If a board member is deemed to have a conflict of interest he or she shall be disqualified from voting on any matter that presents a conflict unless such disqualification has been waived by the executive committee of the board of trustees.”

Form 990, Part VI, Section B, Line 15

“In establishing compensation for the president, the executive committee of the board obtains comparative data from similar institutions, conducts an annual review of performance, and may use a firm specializing in the compensation and benefits for executive officers. Notes regarding compensation discussions are made by the chair of the board, a member of the executive committee, and presented verbally during an executive session in which the executive committee votes for/against the compensation package. This process last occurred in july 2024. The senior leadership team receives normal budgeted increases. However, there were no budgeted increases in fy 2024-2025. If the president determines that an additional increase is deserved based on additional responsibilities, exceptional performance, or other factors, she reviews comparable salary data prepared by yaffee & company when establishing an amount. She reports any changes to the senior leadership team's compensation to the executive committee at the next executive committee meeting following the compensation adjustment.”

Form 990, Part VI, Section C, Line 19

“No such documents were made available to the public.”

Filing and Contact Details

Filer

Filer Name
Ferrum College
EIN
54-0506457
Phone
5403654231
Address
P O BOX 1000, FERRUM, VA 24088

Signing Officer

Name
Dr Mirta M Martin
Title
President
Phone
5403654231
Signed
2026-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Mirta M Martin
Formed
1914
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
16
Employees
643
Volunteers
20

Preparer

Firm
Brown Edwards & Company Llp
Address
105 ARBOR DRIVE 3RD FLOOR, CHRISTIANSBURG, VA 24073
Preparer
Mark Woolwine
Phone
5404433606
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in funds held in trust 996,242.”

FORM 990, PART XII, LINE 2C:

“There were no changes to this process.”

Financial Statement Notes

PART II, LINE 9:

“Ferrum college does not report any value for the conservation easements in its revenue or expense, nor does it report any value for the conservation easement on the balance sheet. Consequently, there are no footnotes to the financial statements.”

PART III, LINE 4:

“A portion of our fine arts are located at the blue ridge institute which is a museum of artifacts exhibiting the history and culture of communities in the blue ridge mountains. This collection provides education for students and the public and preserves the traditions of the area for future generations. The college also has an art collection that is used by the art department as an educational tool and is also displayed throughout campus for public appreciation. There is also an american brilliant cut glass collection that is securely displayed for public appreciation.”

PART V, LINE 4:

“The endowment provides support for scholarships and other operating expenses including faculty development, maintenance, debt service, and programming, to name a few. The college continues to apply prudence when spending from the endowment while preserving spending power in the future. The operational endowment draw for 2024-2025 was 15% of a three-year average value on funds that were not "underwater".”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in funds held in trust 996,242. Non-operating expense included on statement of activities -127,067.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Grants & other assistance to individuals in us 13,172,106. Cost of goods sold campus store and fundraising events -189,138.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold campus store and fundraising expenses 189,138.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grants & other assistance to individuals in us 13,172,106. Non-operating expense included on statement of activities 127,067.”

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IRS990/Desc0INSTRUCTION - FERRUM MAINTAINS A TRADITION OF OFFERING A COMPREHENSIVE ACADEMIC PROGRAM IN ACCORD WITH A LIBERAL ARTS CORE. WE STRIVE TO PROVIDE EDUCATION AND TO MAXIMIZE STUDENTS' CHANCES FOR SUCCESS BY PROVIDING ONE-ON-ONE SUPPORT, INDIVIDUAL ATTENTION AND POSITIVE REINFORCEMENT. THE CURRICULUM INCLUDES OPPORTUNITIES FOR CAREER PREPARATION AS WELL AS PERSONAL DEVELOPMENT IN ORDER TO HELP EACH STUDENT FULFILL HIS OR HER PERSONAL EDUCATIONAL GOALS. FERRUM COLLEGE OFFERS 32 MAJORS AND 41 MINORS, AS WELL AS A STUDENT-FACULTY RATIO OF 11:1. THE COLLEGE STRIVES TO PROVIDE PRE-PROFESSIONAL LEARNING OPPORTUNITIES BY OFFERING A WIDE ARRAY OF INTERNSHIPS IN ITS MAJORS. THE COLLEGE ALSO OFFERS SEVERAL GRADUATE PROGRAMS. FERRUM COLLEGE PROVIDES ONE-ON-ONE SUPPORT THROUGH TUTORING, ACADEMIC ADVISING AND ACADEMIC COUNSELING THROUGH THE CARTER CENTER FOR ACADEMIC SUCCESS. THE COLLEGE ALSO OPERATES A FITNESS CENTER THAT PROVIDES OPPORTUNITIES FOR STUDENTS TO PUT INTO PRACTICE WHAT THEY ARE LEARNING IN THE CLASSROOM.
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IRS990/Form990PartVIISectionAGrp/PersonNm8JAMIE GREEN
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IRS990/Form990PartVIISectionAGrp/PersonNm12GLENN LOOPE
IRS990/Form990PartVIISectionAGrp/PersonNm13DR KAREN MCELFISH
IRS990/Form990PartVIISectionAGrp/PersonNm14JUDSON MASON
IRS990/Form990PartVIISectionAGrp/PersonNm15ANNITA P NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm16BAXTER F PHILLIPS JR
IRS990/Form990PartVIISectionAGrp/PersonNm17NANCY WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm18FRANCES DYMOND
IRS990/Form990PartVIISectionAGrp/PersonNm19JESSICA LUTHER
IRS990/Form990PartVIISectionAGrp/PersonNm20DR MIRTA M MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm21LISA BOWLING
IRS990/Form990PartVIISectionAGrp/PersonNm22MARK POORE
IRS990/Form990PartVIISectionAGrp/PersonNm23DELIA HECK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR OF THE BOARD OF TRUS
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF LEGAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASSOC CHIEF ACCOUNTING OFFICER/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP FOR INSTITUTIONAL ADVAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt23PROVOST
IRS990/Form990PartVIISectionAGrp/TitleTxt24ASSOC VP ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF NURSING
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IRS990/GainOrLossGrp/SecuritiesAmt0-265357
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0OUR STUDENTS ENTER WITH PROMISE AND LEAVE WITH PURPOSE. WE FOSTER PERSONAL GROWTH, ACADEMIC EXCELLENCE, CAREER-READY SKILLS, AND A COMPASSION FOR SERVICE GROUNDED IN FAITH. WE EMPOWER INDIVIDUALS TO LEAD PURPOSEFUL LIVES, GUIDED BY FERRUM COLLEGE VALUES AND A COMMITMENT TO IMPACT THEIR COMMUNITIES AND THE WORLD.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt076950
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt056932
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt037599
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-19333
IRS990/NetUnrelatedBusTxblIncmAmt00

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$127,530,844
Liabilities
$24,279,885
Net assets
$103,250,959
Revenue
$40,045,924
Expenses
$41,442,376
Net income
-$1,396,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$128$24.3$103$40.0$41.4$1.40
2024Detailed filing. Detailed filing data is available for this year.$124$25.2$99.3$43.2$47.7$4.60
2023Detailed filing. Detailed filing data is available for this year.$126$28.2$98.2$43.5$48.4$4.94
2022Detailed filing. Detailed filing data is available for this year.$127$28.3$98.3$48.9$51.6$2.66
2021Detailed filing. Detailed filing data is available for this year.$138$31.5$107$55.1$50.7$4.37
2020Detailed filing. Detailed filing data is available for this year.$126$34.6$91.1$50.9$53.1$2.24
2019Detailed filing. Detailed filing data is available for this year.$125$32.4$92.4$52.1$53.8$1.73
2018Detailed filing. Detailed filing data is available for this year.$125$32.6$92.5$51.3$53.6$2.29
2017Detailed filing. Detailed filing data is available for this year.$124$31.4$92.8$57.7$54.4$3.32
2016Detailed filing. Detailed filing data is available for this year.$117$32.1$84.7$54.0$54.5$0.52
2015Detailed filing. Detailed filing data is available for this year.$120$33.3$86.9$58.4$57.0$1.49
2014Detailed filing. Detailed filing data is available for this year.$121$35.0$86.1$56.3$53.8$2.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$35.7$78.5$52.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$32.7$72.4$49.0
2011Summary only. Only limited summary data is available for this year.$100$29.9$70.2$50.5$44.9$5.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$29.7$59.5$41.4