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BRIDGEWATER COLLEGE

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Public IRS 990 nonprofit record

BRIDGEWATER COLLEGE

EIN 54-0506306 · Education (B420)

What they do

BRIDGEWATER COLLEGE EDUCATES THE WHOLE PERSON BY PROVIDING A CHALLENGING and SUPPORTIVE LEARNING COMMUNITY THAT FOSTERS THE GROWTH of ITS STUDENTS and EMPOWERS and MOTIVATES THEM to LIVE EDUCATED, INTELLIGENT, HEALTHY, PURPOSEFUL and ETHICAL LIVES IN A GLOBAL SOCIETY. THE COLLEGE EMBRACES THE CORE VALUES of INTEGRITY, EQUALITY, SERVICE and COMMUNITY, WHICH HAVE BEEN INSPIRED BY ITS HISTORY WITH THE CHURCH of THE BRETHREN. THE COLLEGE is A WELCOMING, DIVERSE and VIBRANT COMMUNITY, COMMITTED to UNDERSTANDING and RESPECTING INDIVIDUAL DIFFERENCES and ACTIVELY ENGAGING ALL of ITS MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

101.27%of revenue went to mission work87.9% of expenses · Program services
2.69%of revenue went to fundraising2.3% of expenses
$115.18spent for every $100 of revenueSpending was higher than revenue this year.
11.21%of revenue went to management and office costs9.7% of expenses
$3.53in assets for every $1 spent this yearSome assets cannot be spent right away.
8.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,917,176 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $385,916 for DAVID W BUSHMAN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$52,172,366
Mission workProgram services$52,834,428101.27% of revenue87.9% of expenses
ManagementOffice and general costs$5,850,39111.21% of revenue9.7% of expenses
FundraisingAsking for donations$1,404,7232.69% of revenue2.3% of expenses
Total expenses$60,089,542115.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 87.9% mission · 9.7% management · 2.3% fundraisingTotal expenses: 115.18% of revenue
2023Expense mix: 90.8% mission · 7.6% management · 1.5% fundraisingTotal expenses: 108.89% of revenue
2022Expense mix: 91.4% mission · 7.0% management · 1.6% fundraisingTotal expenses: 111.90% of revenue
2021Expense mix: 91.9% mission · 6.4% management · 1.7% fundraisingTotal expenses: 104.91% of revenue
2020Expense mix: 91.8% mission · 6.8% management · 1.5% fundraisingTotal expenses: 90.62% of revenue
2019Expense mix: 91.0% mission · 7.1% management · 1.9% fundraisingTotal expenses: 107.28% of revenue
2018Expense mix: 91.1% mission · 6.8% management · 2.0% fundraisingTotal expenses: 99.65% of revenue
2017Expense mix: 91.2% mission · 6.6% management · 2.2% fundraisingTotal expenses: 93.67% of revenue

Money in and money out

Revenue$52,172,366
Expenses$60,089,542
Annual shortfall $7,917,176 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$52,834,428 · 87.9% of expenses
Management and office costs$5,850,391 · 9.7% of expenses
Fundraising$1,404,723 · 2.3% of expenses
See all reported dollar amounts
Revenue$52,172,366
Expenses$60,089,542
Assets$211,825,436
Income$56,793,221
Contributions$4,521,780
Mission work (program services)$52,834,428
Fundraising$1,404,723
Management and general$5,850,391
Executive compensation (total)$1,099,465
Stocks and bonds$73,763,316
Accounting fees$73,119
Investing fees$654,839
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DAVID W BUSHMANPRESIDENT · 40 hrs/week $385,916Base $370,153 · Other $15,763
LEONA SEVICKPROVOST & EXECUTIVE VICE P · 40 hrs/week $236,086Base $227,632 · Other $8,454
MICHAEL POSTVICE PRESIDENT FOR ENROLLM · 40 hrs/week $228,342Base $207,922 · Other $20,420
MARGARET RINER ONCKENVP FOR INSTITUTIONAL ADVAN · 40 hrs/week $194,060Base $179,618 · Other $14,442
LESLIE FREREVP FOR STUDENT LIFE/DEAN O · 40 hrs/week $156,703Base $150,336 · Other $6,367
KRISTY RHEAVP FOR IT AND CHIEF INFORMATION OFFICER · 40 hrs/week $143,542Base $137,787 · Other $5,755
AMBER PARKHURSTVP FOR MARKETING AND COMMU · 40 hrs/week $135,537Base $130,888 · Other $4,649
CAROL SCHEPPARDPROFESSOR OF THE COLLEGE · 40 hrs/week $135,256Base $126,013 · Other $9,243
CHRISTOPHER MEACHAMEXECUTIVE DIRECTOR OF FACILITIES · 40 hrs/week $134,910Base $122,504 · Other $12,406
CURTIS KENDALLDIRECTOR OF ATHLETICS · 40 hrs/week $131,350Base $118,210 · Other $13,140
MICHAEL GROENERFORMER VP FOR FINANCE AND TREASURER · 40 hrs/week $97,739Base $95,250 · Other $2,489

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

DAVID W BUSHMANPRESIDENT

LEONA SEVICKPROVOST & EXECUTIVE VICE P

MICHAEL POSTVICE PRESIDENT FOR ENROLLM

MARGARET RINER ONCKENVP FOR INSTITUTIONAL ADVAN

LESLIE FREREVP FOR STUDENT LIFE/DEAN O

KRISTY RHEAVP FOR IT AND CHIEF INFORMATION OFFICER

AMBER PARKHURSTVP FOR MARKETING AND COMMU

CAROL SCHEPPARDPROFESSOR OF THE COLLEGE

CHRISTOPHER MEACHAMEXECUTIVE DIRECTOR OF FACILITIES

CURTIS KENDALLDIRECTOR OF ATHLETICS

MICHAEL GROENERFORMER VP FOR FINANCE AND TREASURER

JUSTIN E PRUETTTRUSTEE

J ALLEN LAYMANTRUSTEE

KATHY G WRIGHTTRUSTEE

LAWRENCE M JOHNSONTRUSTEE

MARK A SHERMANSECRETARY

MICHAEL K KYLESTRUSTEE

NATHAN H MILLERTRUSTEE

PAUL E MUNDEYTRUSTEE

ROBERT I STOLZMANTRUSTEE

WILFRED E NOLENTRUSTEE

JENNIFER L HEDRICKTRUSTEE

JAMES D DELUCAS JRTRUSTEE

HOPE H HICKMANTRUSTEE

G BENJAMIN WAMPLERTRUSTEE

DONNA P WALKERTRUSTEE

DEWEY M WILLIARDTRUSTEE

DENISE E SAUNDERSTRUSTEE

DAVID A YOUNGTRUSTEE

D CORY ADAMSONTRUSTEE

D BRUCE CHRISTIANCHAIR

CHERYL M MASCARENHASVICE CHAIR

BRADLEY S HALLOCKTRUSTEE

ASHLEY B SMITHTRUSTEE

ANDREW B AGEETRUSTEE

ANDREW GROSSNICKLETRUSTEE

About this charity

Recognized since
January 1939
Location
402 E COLLEGE ST, BRIDGEWATER, VA 22812-1511
County
Rockingham
In care of
% THE DIRECTOR OF FINANCE
Primary officer
PENNY REARDON, VP FOR FINANCE AND TREASURER

How to reach them

WebsiteVisit the charity’s website Emailadmissions@bridgewater.edu Phone(540) 828-5487

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BROWN EDWARDS & COMPANY LLP
NTEE classification
Education (B420)
IRS tax category
Colleges, Universities, and Professional Schools

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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