Hampden-Sydney College
- Assets
- $491.8m
- Revenue
- $141.2m
- Investments
- $262.5m
- Employees
- 796
- Location
- Hampden Sydney, VA
- Founding
- 03/1957
- Data as of
- 06/2023
- EIN
- 54-0505906
Organization Overview
Hampden-Sydney College is located in Hampden Sydney, 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 06/2023, Hampden-Sydney College employed 796 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 06/2023, Hampden-Sydney College generated $141.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $88.1m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Larry Stimpert President | Officer | 50 | $362,428 |
Heather L Krajewski Vice President For College Advancement | Officer | 50 | $292,723 |
Jeffery Norris Vice President For Enrollment | Officer | 50 | $193,242 |
Paul K Copeland Jr Vice President For Business Affairs | Officer | 50 | $190,399 |
Walter C Mcdermott III Dean Of Faculty/professor | Officer | 50 | $181,475 |
Chad Eisele Director Of Athletics | 50 | $124,380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W M Jordan Company Inc Construction | 6/29/23 | $7,398,504 |
Jamerson Lewis Contruction Inc Construction | 6/29/23 | $2,893,565 |
Trane Us Inc Hvac Contracting | 6/29/23 | $2,644,395 |
Thompson Hospitality Services Food Service | 6/29/23 | $2,429,230 |
Meriwether Godsey Inc Food Service | 6/29/23 | $2,191,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,061,902 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,972,581 |
| Noncash contributions included in lines 1a–1f | $975,047 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,034,483 |
| Total Program Service Revenue | $55,166,487 |
| Investment income | $1,206,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,187,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,334,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $179,216 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,337,470 |
| Compensation of current officers, directors, key employees. | $1,337,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,480,515 |
| Pension plan accruals and contributions | $1,654,169 |
| Other employee benefits | $3,698,823 |
| Payroll taxes | $1,582,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,022 |
| Fees for services: Accounting | $102,131 |
| 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 | $3,714,973 |
| Information technology | $1,032,600 |
| Royalties | $0 |
| Occupancy | $2,892,545 |
| Travel | $1,425,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,886,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,193,844 |
| Insurance | $928,564 |
| All other expenses | $0 |
| Total functional expenses | $88,100,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,575,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,282,129 |
| Accounts receivable, net | $1,012,328 |
| Loans from Officers, Directors, or Controlling Persons | $477,177 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,183,929 |
| Inventories for sale or use | $898,928 |
| Prepaid expenses and deferred charges | $1,082,105 |
| Net Land, buildings, and equipment | $185,602,412 |
| Investments—publicly traded securities | $5,185,785 |
| Investments—other securities | $262,531,051 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,831,635 |
| Accounts payable and accrued expenses | $15,757,204 |
| Grants payable | $380,554 |
| Deferred revenue | $258,677 |
| Tax-exempt bond liabilities | $57,004,647 |
| 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 | $5,861,269 |
| Other liabilities | $11,569,971 |
| Total liabilities | $90,832,322 |
| Net assets without donor restrictions | $116,216,253 |
| Net assets with donor restrictions | $284,783,060 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $491,831,635 |