2024-05-07T13:22:29-07:00 2023-06-30 990 2022-07-01 540505945 ROANOKE COLLEGE ROAN 5403752283 221 College Lane Salem VA 241533794 David Mowen Vice President Business Affairs 5403752283 2024-02-27 David Mowen 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z ROANOKE COLLEGE David Mowen 221 College Ln Salem VA 24153 107798707 0 X www.roanoke.edu X 1842 VA Roanoke College develops students as whole persons and prepares them for responsible lives of learning, service, and leadership by promoting their intellectual, ethical, spiritual and personal growth. 32 32 1594 90 0 0 33556266 20448202 106829079 82068215 4191287 2704414 -1016051 2577876 143560581 107798707 51578241 30093677 0 0 38624122 39379756 0 0 1971836 32655587 30918730 122857950 100392163 20702631 7406544 351041863 368163177 60039503 57960981 291002360 310202196 Roanoke College develops students as whole persons and prepares them for responsible lives of learning, service, and leadership by promoting their intellectual, ethical, spiritual and personal growth. 0 0 53070386 30093677 62954805 Student Instruction - undergraduate college education 11506837 0 21691286 Auxiliary Services - dining, residence halls, bookstore operated on campus for student use 15469184 0 0 Student Services - programming for students 3996305 0 0 Other - Research, Public Support and Academic Support 3996305 0 0 84042712 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 169 0 0 1594 1 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X David D Mowen 5403752283 Roanoke College Business Affairs 221 College Lane Salem VA 241533794 Michael C Maxey President Emeritus 40 X 395692 0 14481 David B Mowen Vice President Business Affairs & Treasurer 40 X 313975 0 12669 Melanie W Tolan Vice President for Marketing & Communications 40 X 228767 0 11361 Kimberly P Blair Vice President Advancement 40 X 207298 0 19034 Francis X Shushok Jr President 40 X 215386 0 10726 Brenda P Poggendorf Vice President Enrollment & Dean for Admissions & Financial Aid 40 X 205289 0 20741 Richard G Grant Senior Advisor President Strategic Initiatives 40 X 160366 0 11976 Teresa J Ramey Vice President for Community, Diversity & Inclusion 40 X 146136 0 6191 Thomas A Rambo Dean of Students 40 X 144551 0 7278 Mary G Theodore Associate Vice President Advancement 40 X 137745 0 7504 Katherine J Wolfe Vice President Academic Affairs 40 X 129156 0 3463 Kenneth J Belton Sr Trustee 1.4 X 0 0 0 Kirk Howard Betts Trustee 1.55 X 0 0 0 Paris D Butler Trustee 1 X 0 0 0 Pamela L Cabalka Trustee 1.65 X 0 0 0 M Paul Capp Trustee 1 X 0 0 0 Joseph H Carpenter IV Trustee 1.25 X 0 0 0 Joanne Leonhardt Cassullo Trustee 1 X 0 0 0 James L Chisom Trustee 0 X 0 0 0 W Morgan Churchman Trustee 1.15 X 0 0 0 Malon W Courts Trustee 2.9 X 0 0 0 Kimberly Davis-Riffe Trustee 1 X 0 0 0 Robert P Fralin Trustee 1 X 0 0 0 James S Frantz Jr Trustee 1.15 X 0 0 0 Harry W Griffith Trustee 1 X 0 0 0 Judith B Hall Trustee 1.4 X 0 0 0 Kathryn S Harkness Trustee 1.65 X 0 0 0 Richard S Hathaway Trustee 1 X 0 0 0 Peggy Fintel Horn Trustee 1.45 X 0 0 0 Patrick R Leardo Trustee 1.55 X 0 0 0 Christopher N Merrill Trustee 1 X 0 0 0 Phyllis Milton Trustee 1 X 0 0 0 Nancy B Mulheren Trustee 1 X 0 0 0 Brendan T O'Donnell Trustee 1 X 0 0 0 Roger A Petersen Trustee 1.4 X 0 0 0 Danae Psilopoulos Foley Trustee 1 X 0 0 0 J Tyler Pugh Trustee 1.35 X 0 0 0 Rev Dr Theodore F Schneider Trustee 1 X 0 0 0 C Micah Spruill Trustee 1.05 X 0 0 0 Daniel E Strelka Trustee 1.05 X 0 0 0 Andrew K Teeter Trustee 1.25 X 0 0 0 Dr Garnett B Whitehurst Trustee 1 X 0 0 0 Helen Twohy Whittemore Trustee 1.4 X 0 0 0 2284361 0 125424 27 0 1 0 0 0 0 0 0 2163583 18284619 0 20448202 Tuition and Student Fees 611310 60376929 60376929 0 0 Dining Services 611710 10269173 10269173 0 0 Residence Halls 611710 10943335 10943335 0 0 Campus Store 611710 478778 478778 0 0 0 0 0 0 82068215 3525929 0 0 3525929 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -821515 0 0 0 -821515 0 -821515 0 0 -821515 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2577876 2577876 0 0 2577876 107798707 84646091 0 2704414 0 0 30093677 30093677 0 0 0 0 1971600 721992 725350 524258 0 0 0 0 28830756 23432046 4440562 958148 0 0 0 0 8577400 7479948 805690 291762 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 753890 0 753890 0 0 0 0 0 0 0 0 0 2518169 2031744 376096 110329 0 0 0 0 0 0 0 0 0 0 0 0 1695282 1503438 104505 87339 0 0 0 0 0 0 0 0 1528337 1375503 152834 0 0 0 0 0 5252486 4779762 472724 0 0 0 0 0 Other Expenses 19235384 12624602 6610782 0 Non-operating expenses -64818 0 -64818 0 100392163 84042712 14377615 1971836 52410200 56029502 13585071 19951157 1234811 1067272 5160528 4931032 450032 496475 899958 1341077 202347665 84380426 119654948 117967239 145770297 153858809 0 0 0 11876018 12520614 351041863 368163177 6309383 6029039 0 0 1990813 2250922 33674251 32921511 0 0 0 0 4111895 3704607 0 0 13953161 13054902 60039503 57960981 X 108172256 111431016 182830104 198771180 291002360 310202196 351041863 368163177 7406544 11793292 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3055 3055 0 Schedule C, Part II-B, Line 1 Roanoke College is a member of the Council of Independent Colleges in Virginia (CICV), as association of 28 independent colleges and universities working to promote the interests of non-profit, independent higher education in Virginia. The college pays a membership fee based on its student population. For the year ended June 30, 2023, CICV expended approximately 10% of membership dues for lobbying activities. Roanoke College is also a member of the National Association of Independent Colleges and Universities (NAICU), a national association representing private colleges and universities on policy issues on a federal level. The college pays a membership fee based on its student population. For the year ended June 30, 2023. NAICU expended approximately 8% of membership dues for lobbying activities. 0 177450 0 0 X X 0 148681093 4813302 13215077 2443974 4058915 0 160206583 171533023 387208 -16494274 1752783 3737274 0 149935900 137889960 3490915 36117342 2227920 4283874 0 170986423 144579379 1109630 -933083 2582092 2366663 0 139807171 141219272 2174733 6192056 2640019 595229 0 146350813 0.16 0.55 0.29 1 0 532882 5721752 6254634 55857 157885827 60636684 97305000 0 4432018 1773883 2658135 0 28742050 21969859 6772191 0 4977279 0 4977279 117967239 0 Postretirement benefit obligation 4565886 Trust and annuity obligations 1549792 U.S. government grants refundable 957215 Bond premium 5982009 13054902 88744435 11793295 0 0 0 11793295 76951140 753890 30093677 30847567 107798707 69544596 0 0 0 0 0 69544596 753890 30093677 30847567 100392163 Schedule D, Part III, Line 4 From Permanent Art Collection Management Policy: In operating its Permanent Collection, Roanoke College collects, preserves, exhibits, and makes available for study material of artistic and educational significance for the purpose of increasing knowledge and enriching the cultural life of the campus and the host community. Schedule D, Part V, Line 4 Roanoke College uses the return on its endowment to fund a variety of educational activities including donor-restricted projects, student scholarships, operations, and capital expenditures. Schedule D, Part XI, Line 4b Financial aid Schedule D, Part XII, Line 4b Financial aid 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Roanoke College's nondiscriminatory policy is posted on its website for prospective and current students, prospective and current employees, and the general public. It is also on all printed materials provided to prospective students and employees, and upon request to the general public. Schedule E, Part I, Line 6 Roanoke College receives financial aid funds from the federal government which are passed through to individual students in the form of PELL grants, SEOG grants, TEACH grants, and federal CWS (college work study) grants. 1 See Schedule I, Part IV, Statement 1 1765 30093677 0 Financial aid to students for tuition and fees, applied directly to the student account. Schedule I, Part I, Line 2 College financial aid is administered and awarded for students attending Roanoke College by the college's Financial Aid office using the college's policies and procedures. X X X 1 1 X X 0 0 0 0 0 0 0 0 0 Michael C Maxey President Emeritus 395692 0 0 0 0 0 16133 0 14481 0 426306 0 0 0 David B Mowen Vice President Business Affairs & Treasurer 313975 0 0 0 0 0 13413 0 12669 0 340057 0 0 0 Melanie W Tolan Vice President for Marketing & Communications 228767 0 0 0 0 0 10150 0 11361 0 250278 0 0 0 Francis X Shushok Jr President 215386 0 0 0 0 0 3813 0 10726 0 229925 0 0 0 Kimberly P Blair Vice President Advancement 207298 0 0 0 0 0 10375 0 19034 0 236707 0 0 0 Brenda P Poggendorf Vice President Enrollment & Dean for Admissions & Financial Aid 205289 0 0 0 0 0 10475 0 20741 0 236505 0 0 0 Teresa J Ramey Vice President for Community, Diversity & Inclusion 146136 0 0 0 0 0 7250 0 6191 0 159577 0 0 0 Thomas A Rambo Dean of Students 144551 0 0 0 0 0 6875 0 7278 0 158704 0 0 0 Katherine J Wolfe Vice President Academic Affairs 129156 0 0 0 0 0 2875 0 3463 0 135494 0 0 0 Schedule J, Part I, Line 1a As a requirement of the position, the President and his family reside in college-owned housing (the value of which is not included as a taxable benefit.) The college provides all maintenance services and two part time housekeepers to clean the residence, both public spaces used for college-sponsored events and private spaces for the family's personal use. The housekeepers also do laundry, run errands and any other personal service requested by the President and his wife. The college pays for membership dues for the President at a local country club for purposes of entertaining donors and holding college-sponsored events as well as allowing the President and his family use of the facilities. The President reimburses the college for expenses incurred by his family for non-college activities. Schedule J, Part I, Line 3 The Compensation Committee is made up of members of the Board of Trustees. A Economic Development Authority of the City of Salem VA 541253469 794565AY7 2020-02-06 43156149 Refund Series 2007/2011 bonds and fund renovations 0 0 0 A 3830000 0 43156149 8129079 0 0 497076 0 0 192053 34656737 0 1 0 1 1 A 0 0 0 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 1 A 0 Schedule K, Part IV, Line 2c-02/06/2020 43,156,149 Economic Development Authority of the City of Sal The arbitrage rebate computation for the Series 2020 Bonds was completed on February 6, 2024 by Bingham Arbitrage Rebate Services. A copy of the full report is available upon request. Form 990, Part VI, Section B, Line 11b The annual Form 990 is prepared by the Associate Vice President of Finance and Budget (CPA) based on the annual independently audited financial statements. It is reviewed by the Vice President of Business Affairs (CPA). A draft copy of the 990 is posted on the Board of Trustees secure website and they are notified electronically of its availability for review. Paper copies are also available upon request. Trustees are given a specified period within which to review the draft and ask questions. Following the review period, the final return is submitted to the IRS. Form 990, Part VI, Section B, Line 12c Each trustee and professional (exempt) employee signs an annual form to provide assurance that they are in compliance with the conflict of interest policy, disclosing any situations that may be applicable for review. During the annual external audit, the auditors review for potential conflicts and test for related-party transactions. Form 990, Part VI, Section B, Line 15 The compensation for the President and each member of cabinet is reviewed annually by a board compensation committee consisting of trustees. Salary ranges are compared to industry-standard compensation data. Salaries are approved by the committee. Form 990, Part VI, Section C, Line 19 Some documents are available on the college's website. All documents are available in written form upon written request.