Mary Baldwin University
- Assets
- $71.0m
- Revenue
- $65.7m
- Investments
- $8.8m
- Employees
- 1,045
- Location
- Staunton, VA
- Founding
- 01/1933
- Data as of
- 06/2021
- EIN
- 54-0506319
Organization Overview
Mary Baldwin University is located in Staunton, VA. The organization was established in 1933. 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, Mary Baldwin University employed 1,045 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Baldwin University 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 06/2021, Mary Baldwin University generated $65.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $58.2m during the year ending 06/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARY BALDWIN UNIVERSITY EMPOWERS LEADERS TO PURSUE LIVES OF PURPOSE IN A CHANGING WORLD. AS A DISTINCTIVE SMALL UNIVERSITY COMMITTED TO ITS RICH HERITAGE AS AN INCLUSIVE, WOMEN-CENTERED LIBERAL ARTS UNIVERSITY, MARY BALDWIN FULFILLS ITS MISSION BY PROVIDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO A DIVERSE POPULATION OF WOMEN AND MEN. IT EMPHASIZES HIGH ETHICAL STANDARDS AND THE DEVELOPMENT OF CRITICAL, CREATIVE, AND REFLECTIVE REASONING AS THE FOUNDATION FOR FULFILLING, ENGAGED, AND MEANINGFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND FELLOWSHIPS - THE UNIVESITY AWARDED APPROXIMATELY 1,363 STUDENTS FINANCIAL AID ASSISTANCE THROUGH INSITUTIONAL MEANS. FINANCIAL AID IS FUNDED BY FEDERAL, STATE, PRIVATE AND INSTITUTIONAL MEANS.
INSTRUCTIONAL - VARIOUS PROGRAMS SUCH AS TRADITIONAL DEGREES, CONTINUING EDUCATION, SUMMER PROGRAMS, CONSORTIUM AND STUDIES ABROAD TO APPROXIMATELY 1,454 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Fox President | OfficerTrustee | 35 | $315,432 |
Deborah Greubel Vp/dean Of Murphy Deming C | 35 | $207,318 | |
Charles Davis VP Of Institutional Advanc | 35 | $206,407 | |
Ty Buckman Former Provost | 35 | $185,142 | |
Ernest Jeffries VP Of Student Engagement | 35 | $176,588 | |
Lisa Shoaf Director Of School Of Heal | 35 | $150,898 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Service Management | 6/29/21 | $1,220,913 |
Eab Recruitment Services | 6/29/21 | $952,160 |
Jenzabar Software | 6/29/21 | $322,190 |
Malihka Enterprises Llc Food Services | 6/29/21 | $292,050 |
Mediacross Inc Recruitment Services | 6/29/21 | $239,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,918,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,103,737 |
| Noncash contributions included in lines 1a–1f | $863,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,021,774 |
| Total Program Service Revenue | $52,597,839 |
| Investment income | $383,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,608,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,745,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,605,288 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,498,913 |
| Compensation of current officers, directors, key employees. | $1,050,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,462,055 |
| Pension plan accruals and contributions | $843 |
| Other employee benefits | $2,782,359 |
| Payroll taxes | $1,299,182 |
| Fees for services: Management | $309,280 |
| Fees for services: Legal | $35,612 |
| Fees for services: Accounting | $2,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,700 |
| Fees for services: Other | $3,397,402 |
| Advertising and promotion | $573,897 |
| Office expenses | $553,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,278,001 |
| Travel | $206,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $554,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,424,236 |
| Insurance | $312,179 |
| All other expenses | $466,348 |
| Total functional expenses | $58,243,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,570,544 |
| Pledges and grants receivable | $7,684,772 |
| Accounts receivable, net | $1,541,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $226,283 |
| Inventories for sale or use | $101,638 |
| Prepaid expenses and deferred charges | $306,660 |
| Net Land, buildings, and equipment | $32,119,468 |
| Investments—publicly traded securities | $18,008,543 |
| Investments—other securities | $8,847,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613,743 |
| Total assets | $71,020,083 |
| Accounts payable and accrued expenses | $2,137,631 |
| Grants payable | $444,402 |
| Deferred revenue | $3,425,568 |
| Tax-exempt bond liabilities | $14,215,327 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $257,690 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $332,122 |
| Total liabilities | $20,812,740 |
| Net assets without donor restrictions | $16,008,757 |
| Net assets with donor restrictions | $34,198,586 |
| 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 | $71,020,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mary Baldwin University has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Greater Augusta Regional Chamber Of Commerce Foundation Fishersville, VA PURPOSE: SCHOLARSHIP | $1,500 |
Endowment Analysis
| Beg. Balance | $30,808,446 |
| Earnings | $3,998,103 |
| Net Contributions | $1,302,731 |
| Other Expense | $1,076,965 |
| Grants | $873,035 |
| Ending Balance | $34,159,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Washington College Chestertown, MD | $509,587,236 | $93,610,957 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |