Hampden-Sydney College
- Assets
- $332.9m
- Revenue
- $118.8m
- Investments
- $198.2m
- Employees
- 825
- Location
- Hampdensydney, VA
- Founding
- 03/1957
- Data as of
- 06/2020
- EIN
- 54-0505906
Organization Overview
Hampden-Sydney College is located in Hampdensydney, VA. The organization was established in 1957. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hampden-Sydney College employed 825 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampden-Sydney College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Hampden-Sydney College generated $118.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $79.3m during the year ending 06/2020. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1775, THE MISSION OF HAMPDEN-SYDNEY COLLEGE HAS BEEN TO FORM GOOD MEN AND GOOD CITIZENS IN AN ATMOSPHERE OF SOUND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMPDEN-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 1,000 STUDENTS. IN OPERATION SINCE 1775, THE COLLEGE IS ONE OF THE OLDEST INSTITUTIONS OF HIGHER LEARNING IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Larry Stimpert President | Officer | 50 | $359,629 |
Heather L Krajewski Vice President For College Advancement | Officer | 50 | $245,821 |
Jeffery Norris Vice President For Enrollment | Officer | 50 | $188,214 |
Walter C Mcdermott III Dean Of Faculty/professor | Officer | 50 | $174,174 |
Paul K Copeland Jr Vice President For Business Affairs | Officer | 50 | $172,081 |
Gregory M Dempster Elliott Professor | 50 | $144,706 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wcw Earthworks Llc Construction | 6/29/21 | $1,089,325 |
Trane Us Inc Hvac Contracting | 6/29/21 | $3,671,176 |
Hanbury Evans Wright Vlattas Architect | 6/29/21 | $2,509,091 |
Thompson Hospitality Services Food Service | 6/29/21 | $4,783,820 |
W M Jordan Company Inc Construction | 6/29/21 | $13,718,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,812,744 |
| Investment income | $587,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,888,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,845,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,795,262 |
| Grants and other assistance to Foreign Orgs/Individuals | $132,755 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $982,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,880,700 |
| Pension plan accruals and contributions | $1,646,205 |
| Other employee benefits | $3,928,526 |
| Payroll taxes | $1,548,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $214,464 |
| Fees for services: Accounting | $67,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,703,525 |
| Information technology | $858,615 |
| Royalties | $0 |
| Occupancy | $2,037,115 |
| Travel | $888,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $594,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,189,024 |
| Insurance | $432,149 |
| All other expenses | $0 |
| Total functional expenses | $79,336,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,211,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,484,254 |
| Accounts receivable, net | $1,623,579 |
| Loans from Officers, Directors, or Controlling Persons | $477,177 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,597,353 |
| Inventories for sale or use | $1,142,174 |
| Prepaid expenses and deferred charges | $1,038,881 |
| Investments—publicly traded securities | $4,808,531 |
| Investments—other securities | $198,233,077 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $332,900,116 |
| Accounts payable and accrued expenses | $11,439,042 |
| Grants payable | $2,752,444 |
| Deferred revenue | $120,556 |
| Tax-exempt bond liabilities | $25,241,825 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $697,235 |
| Other liabilities | $0 |
| Total liabilities | $40,251,102 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $292,649,014 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Hampden-Sydney College has recieved totaling $24,649,738.
| Awarding Organization | Amount |
|---|---|
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT AND FUNDS FOR THE NEW SCIENCE BUILDING | $22,054,604 |
Ann K Kirby Foundation Richmond, VA PURPOSE: RENOVATION OF THE KIRBY FIELD HOUSE | $1,200,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $600,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $266,900 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $212,508 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $75,000 |
Endowment Analysis
| Beg. Balance | $193,641,014 |
| Earnings | $64,980,837 |
| Net Contributions | $10,301,109 |
| Other Expense | $10,879,480 |
| Ending Balance | $258,043,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington & Lee University Lexington, VA | $2,101,751,936 | $186,199,453 |
Davidson College Davidson, NC | $1,786,522,691 | $194,756,860 |
Stevenson University Inc Owings Mills, MD | $339,125,128 | $161,866,162 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Maryland Institute Baltimore, MD | $324,696,375 | $136,443,462 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |