Bluefield College
- Assets
- $32.4m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 412
- Location
- Bluefield, VA
- Founding
- 09/1930
- Data as of
- 06/2021
- EIN
- 54-0568200
Organization Overview
Bluefield College is located in Bluefield, VA. The organization was established in 1930. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Bluefield College employed 412 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluefield 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 06/2021, Bluefield College generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $28.9m during the year ending 06/2021. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENT INSTRUCTION, SCHOLARSHIPS, ACADEMIC SUPPORT, AND OTHER SERVICES TO ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT INSTRUCTION AND SCHOLARSHIPS: GROUNDED IN THE LIBERAL ARTS TRADITION, BLUEFIELD UNIVERSITY IS AT THE FOREFRONT IN UNDERSTANDING THE VALUE OF SCIENCE AND TECHNOLOGY IN THE 21ST CENTURY. WITH MORE THAN 40 ACADEMIC PROGRAMS, WHICH INCLUDES FIVE MASTER'S DEGREES AND ASSOCIATES IN GENERAL STUDIES. STUDENTS SERVED INCLUDE TRADITIONAL STUDENTS WHO ANTICIPATE NEEDING THREE TO FIVE YEARS TO COMPLETE THEIR DEGREE, THE DEGREE COMPLETION STUDENT WHO NEEDS FEWER HOURS TO COMPLETE AN UNDERGRADUATE DEGREE AND DESIRES TO COMPLETE ONLINE AND THE INDIVIDUAL THAT IS SEEKING A MASTER'S DEGREE. THE UNIVERSITY DELIVERS COURSES ON-SITE/IN-PERSON AND ON-LINE. ACADEMIC SUPPORT IS PROVIDED THROUGH AN ACADEMIC CENTER FOR EXCELLENCE, A LIBRARY, AND ACADEMIC TECHNOLOGY SUPPORT.
STUDENT SERVICES: THE UNIVERSITY'S STUDENT SERVICES AREAS INCLUDE THE REGISTRAR, ENROLLMENT MANAGEMENT, CREATIVE MEDIA, FINANCIAL AID, GENERAL STUDENT SUPPORT SERVICES, CAMPUS SECURITY, INTER-COLLEGIATE AND INTRAMURAL ATHLETICS, STUDENT EXTRACURRICULAR ACTIVITIES, CAMPUS MINISTRY, AND RETENTION/STUDENT SUCCESS SERVICES.
AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, FOOD SERVICE, THE CAMPUS STORE, AND SPECIAL PROGRAMS (E.G., SUMMER EVENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Todd Asbury Chair | OfficerTrustee | 1.5 | $0 |
Rev Craig F Stout Secretary | OfficerTrustee | 1.5 | $0 |
Jackson E Reasor Jr Vice Chair | OfficerTrustee | 1.5 | $0 |
John P Beckett Jr Trustee | Trustee | 1.5 | $0 |
Rev Rodney J Hale Trustee | Trustee | 1.5 | $0 |
David T Larimer II Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Services | 6/29/22 | $1,009,075 |
A Book Company Text Books | 6/29/22 | $550,304 |
National Management Resources Corp Maintenance | 6/29/22 | $373,813 |
Dcishires Inc Construction | 6/29/22 | $414,816 |
Jenzabar Inc Software | 6/29/22 | $182,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,946,600 |
| Investment income | $135,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,465 |
| Net Income from Fundraising Events | -$3,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,495,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,960,959 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,081,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,971,238 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,851 |
| Fees for services: Other | $1,784,370 |
| Advertising and promotion | $0 |
| Office expenses | $196,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,045,093 |
| Travel | $442,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $486,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,236,162 |
| Insurance | $438,950 |
| All other expenses | $0 |
| Total functional expenses | $28,903,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,388 |
| Savings and temporary cash investments | $598,107 |
| Pledges and grants receivable | $3,711,313 |
| Accounts receivable, net | $687,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,168 |
| Prepaid expenses and deferred charges | $286,362 |
| Investments—publicly traded securities | $7,687,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $757,477 |
| Total assets | $32,438,996 |
| Accounts payable and accrued expenses | $1,485,638 |
| Grants payable | $0 |
| Deferred revenue | $59,639 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,757,487 |
| Unsecured mortgages and notes payable | $1,684,050 |
| Other liabilities | $645,455 |
| Total liabilities | $15,632,269 |
| 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 | $16,806,727 |