NonprofitsFerrum College

Education

Ferrum College

FERRUM, VA

Total revenue

$43.2M

Total expenses

$47.7M

Net assets

$99.3M

Grants received

$6.7M

145 grants

EIN

540506457

Tax year

2023

Mission

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.

Programs

3 programs

Academic support stanley library consists of the 21st century learning area which houses our learning engagement and practice (leap) studio for library instruction, our digital media center, our digital audio lab, and our "green screen" room. The library also has a sufficient print collection, a learning commons study area, full range of resource sharing services, and other quiet study areas. The michael christian '63 for first-year experience is designed to help students adjust to ferrum college and obtain the necessary skills to become a successful college student. The program engages new students to cultivate a better understanding of the learning process, and to take advantage of the campus resources and community available to them. The state center for blue ridge folklore, ferrum college's blue ridge institute and museum (brim) has documented the folkways of the people living in and around the blue ridge mountains. The brim adds a unique element to ferrum college's modern academic programs. These services are provided free of charge to students. The blue ridge institute farm museum is available to the general public for a small fee.

Expenses: $2.0M

Student services - student leadership and engagement facilitates a diverse calendar of events that enhances and compliments the curriculum and co-curriculum; supports clubs and organizations that not only involve, but engages students, and promotes service learning. Athletics - ferrum college considers intercollegiate athletics to be an integral part of the college experience and seeks to provide positive and enriching programs that complement and reinforce the educational pursuits, academic success, and athletic excellence of student athletes. Admissions promotes ferrum college through various marketing programs including mailings, attendance at various high school college fairs, and personal tours of the campus in order to enroll students. Financial aid complements the admissions process by working with families to secure financial resources required for attendance. Registrar assists as well by verifying the academic credentials of potential students and then follows the student through their academic progress to graduation. Tri-area community health center (3rd party partner) and ferrum college counseling services provide health services to our students.

Expenses: $6.4M

Auxiliaries - the two major areas of auxiliaries are residence life and dining services. Residence life includes residential facilities and staff that support the on campus student housing experience. Dining services includes cost of meal plans and equipment replacement or repairs. Other auxiliary items include the campus spirit store, summer programs, and faculty/staff rental housing.

Expenses: $8.4M

Financials

FY 2023

Revenue

Contributions & grants$2.8M
Program service revenue$36.9M
Investment income$2.5M
Other revenue$967K
Total revenue$43.2M

Expenses

Grants paid$18.9M
Salaries & benefits$14.4M
Fundraising$487K
Other expenses$14.5M
Total expenses$47.7M
Total assets$124.5M
Net assets$99.3M

People

24 listed

NameRoleCompensation

DR MIRTA M MARTIN

PRESIDENT

Board

$194K

55 hrs/wk

KEVIN REILLY

PROVOST

Board

$153K

55 hrs/wk

JOSEPH HAN

FORMER VP FOR BUSINESS AND FINANCE

Board

$78K

40 hrs/wk

BAXTER F PHILLIPS JR

TRUSTEE

Board

0.8 hrs/wk

NANCY WALSH

TRUSTEE

Board

0.5 hrs/wk

DAVID ARRINGTON

TRUSTEE

Board

0.5 hrs/wk

DENISE BATES

TRUSTEE

Board

0.5 hrs/wk

RONALD E SINGLETON

TRUSTEE

Board

0.5 hrs/wk

D SCOTT SHOWALTER

CHAIR OF THE BOARD OF TRUS

Board

4 hrs/wk

BISHOP SUE HAUPERT-JOHNSON

TRUSTEE

Board

0.5 hrs/wk

CARL CLINE

TRUSTEE

Board

0.5 hrs/wk

GREG CRADDOCK

TRUSTEE

Board

0.5 hrs/wk

GLYNN LOOPE

TRUSTEE

Board

0.5 hrs/wk

F ABE DYMOND

TRUSTEE

Board

0.5 hrs/wk

W JEFFREY BOOKER

1ST VICE CHAIR

Board

0.8 hrs/wk

EVERETT FOXX

2ND VICE CHAIR

Board

0.5 hrs/wk

AMANDA COX

SECRETARY

Board

0.8 hrs/wk

JOHN COUGILL

TRUSTEE

Board

0.5 hrs/wk

JUDSON P MASON

TRUSTEE

Board

0.5 hrs/wk

ANNITA P NELSON

TRUSTEE

Board

0.5 hrs/wk

LOIS WILLIAMS

VP ENROLLMENT AND MARKETING

Staff

$134K

40 hrs/wk

LISA BOWLING

VP FOR INSTITUTIONAL ADVANCEMENT

Staff

$116K

40 hrs/wk

ANGIE DAHL

VP OF STUDENT AFFAIRS

Staff

$105K

55 hrs/wk

JASON POWELL

ASST VP OF ACADEMIC AFFAIR

Staff

$103K

55 hrs/wk

Independent contractors

ALADDIN FOOD MGMT SERVICES LLC

DINING SERVICES

$2.9M

BLUSKY RESTORATION CONTRACTORS LLC

RESTORATION CONTRACTOR

$847K

ELLUCIAN INC

TECHNOLOGY SOLUTIONS

$525K

BOTTOM LINE CONCEPTS LLC

ERC CONSULTANT

$500K

TRANE US INC

HVAC

$470K

Grants received

Showing 145 of 145

FromAmountPurposeYear
$696K
GENERAL OPERATING
2024
$270K
For general scholarship support.
2024
$38K
UNIVERSITY OR PRIVATE SCHOOL
2024
$23K
EDUCATION EVENTS
2024
$11K
2 grant(s) for varying purposes
2024
$11K
GENERAL OPERATING
2024
$10K
CHARITABLE
2024
$6K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2024
$5K
GENERAL OPERATING
2024
$3K
SCHOLARSHIP
2024
$2K
UNRESTRICTED GENERAL
2024
$1K
EDUCATION
2024
$600
WRESTLING PROGRAM
2024
$711K
GENERAL OPERATING
2023
$270K
For general scholarship support.
2023
$45K
MISC. EDUCATIONAL FUNDS
2023
$37K
Digital Fundraising Match
2023
$32K
Financial Education for Students
2023
$22K
GENERAL OPERATING
2023
$10K
1 grant(s) for varying purposes
2023
$10K
MATCHING GIFTS
2023
$10K
CHARITABLE
2023
$8K
GENERAL OPERATING
2023
$5K
GENERAL OPERATING
2023
$3K
SCHOLARSHIP GRANT FOR
2023
$2K
EXEMPT PURPOSE
2023
$2K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2023
$2K
PROGRAM/OPERATING SUPPORT
2023
$1K
GENERAL PURPOSE
2023
$1K
TYLER DREW MASON / SCHOLARSHIP / ID#1012693
2023
$1K
EDUCATION
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$477
General Charitable Support
2023
$300
WRESTLING PROGRAM
2023
$687K
GENERAL OPERATING
2022
$252K
For general scholarship support.
2022
$65K
FOR EDUCATIONAL SCHOLARSHIP FUNDS
2022
$11K
UNRESTRICTED GENERAL
2022
$10K
CHARITABLE
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$10K
1 GRANT(S) FOR VARYING PURPOSES
2022
$10K
GENERAL OPERATING
2022
$6K
GENERAL OPERATING
2022
$5K
SCHOLARSHIP GRANT FOR
2022
$1K
GENERAL PURPOSE
2022
$1K
EDUCATION
2022
$1K
EXEMPT PURPOSE
2022
$1K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2022
$300
WRESTLING PROGRAM
2022
$659K
GENERAL OPERATING
2021
$233K
For general scholarship support.
2021
$21K
SCHOLARSHIP GRANT FOR
2021
$10K
Provided funds to assist local youth with college expenses
2021
$10K
CHARITABLE
2021
$8K
SCHOLARSHIP
2021
$7K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2021
$6K
GENERAL OPERATING
2021
$6K
For recipient's exempt purpose
2021
$5K
UNRESTRICTED GENERAL
2021
$1K
GENERAL PURPOSE
2021
$1K
SCHOLARSHIP ASSISTANCE
2021
$1K
EXEMPT PURPOSE
2021
$1K
EDUCATION
2021
$500
SCHOLARSHIP
2021
$250
WRESTLING PROGRAM
2021
$630K
GENERAL OPERATING
2020
$263K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$233K
For general scholarship support.
2020
$30K
GENERAL OPERATING
2020
$17K
ASSIST VETERANS
2020
$12K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2020
$10K
SCHOLARSHIPS
2020
$10K
1 GRANT(S) FOR VARYING PURPOSES
2020
$10K
CHARITABLE
2020
$10K
MELLON-PUBLIC GOOD
2020
$9K
Provided funds to assist local youth with college expenses
2020
$8K
SCHOLARSHIP GRANT FOR
2020
$8K
SCHOLARSHIP
2020
$6K
GENERAL OPERATING
2020
$5K
UNRESTRICTED GENERAL
2020
$3K
SCHOLARSHIP
2020
$2K
EDUCATIONAL SCHOLARSHIP
2020
$1K
EDUCATION
2020
$1K
THIS GIFT IS IN HONOR OF TRACY (ROBERTS) FRIST.
2020
$1K
EXEMPT PURPOSE
2020
$989
GENERAL PURPOSE
2020
$165
GENERAL PURPOSE
2020
$36K
SCHOLARSHIPS, BLUE RIDGE INSTITUTE
2019
$6K
GENERAL
2019
$5K
SCHOLARSHIP GRANT FOR
2019
$20K
TUITION EMILY BUCKLEW
2018
$10K
CHARITABLE
2018
$8K
EDUCATIONAL SCHOLARSHIPS TO DESERVING STUDENTS
2018
$3K
SCHOLARSHIP
2018
$1K
GENERAL PURPOSE
2018
$500
CHARITABLE/SCHOLARSHIP
2018
$500
PROGRAM/OPERATING SUPPORT
2018
$6K
GENERAL
2017
$5K
MATCHING GIFTS
2017
$1K
GIFTS IN HONOR OF TRACY (ROBERTS) FRIST.
2017
$500
GENERAL OPERATING EXPENSES
2017

Funded by

$6.7M from 50 funders · 145 grants · 2017–2024

R Stuart Moore Charitable Trust For The

$3.4M · 5 grants · 2020–2024

Lettie Pate Whitehead Foundation Inc

$1.3M · 5 grants · 2020–2024

The Virginia College Fund

$516K · 5 grants · 2018–2022

Vanguard Charitable Endowment Program

$278K · 3 grants · 2020–2022

Community Foundation Serving Western

$168K · 4 grants · 2017–2023

National Collegiate Athletic Association

$93K · 2 grants · 2022–2023

Easley Char Irr Tua 5019004715

$81K · 5 grants · 2018–2024

Details

EIN540506457
NTEE codeB420
Subsection03
Ruling date1948-09
Formed1914
Employees694
Volunteers18
FERRUM COLLEGE — Mission, Financials & Grants Received | Grantivo