2025-03-25T14:14:37-04:00 2024-06-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-07-01 540646523 Southern Virginia University % TYSON COOPER SOUT 5402618453 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 TYSON COOPER CFO 5402618463 2025-03-21 true true SANDRA L FEINSMITH P01064157 9192781936 2025-03-20 2023 2025-03-06 01:10:19Z TYSON COOPER ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 40009949 false X WWW.SVU.EDU X 1867 VA TO PROVIDE A COMPREHENSIVE FOUR-YEAR LIBERAL ARTS EDUCATION. 13 12 694 17 0 0 11680816 14143278 24110220 24710584 1355212 184099 85621 99627 37231869 39137588 5157034 5672889 0 0 15850945 16576890 0 0 1307078 14437732 14729723 35445711 36979502 1786158 2158086 40579958 40773838 17594988 15501631 22984970 25272207 X WE ARE A PRIVATE, SELF-RELIANT, RESIDENTIAL UNIVERSITY ALIGNED WITH THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS AND ITS PRINCIPLES AND VALUES. OUR MISSION IS TO GATHER FAITHFUL LATTER-DAY SAINTS AND LIKE-MINDED STUDENTS, LIFT THEM IN INTELLECT, CHARACTER, AND SPIRITUALITY, AND LAUNCH THEM INTO SUCCESSFUL LIVES AND CAREERS. false false 33259228 5672889 24810211 SOUTHERN VIRGINIA UNIVERSITY IS A PRIVATE, NON-PROFIT, RESIDENTIAL FOUR-YEAR UNIVERSITY WHICH SERVED 933 FULL AND 54 PART-TIME STUDENTS (FALL 2023) AND 833 FULL AND 54 PART-TIME STUDENTS (SPRING 2024). 224 STUDENTS (NO FULL/PART TIME DESIGNATION) ENROLLED IN SUMMER TERM 2024. DURING THE 2023-24 ACADEMIC YEAR 166 STUDENTS GRADUATED WITH BACHELORS DEGREES (24 IN AUGUST 2023, 41 IN DECEMBER 2023, AND 101 IN MAY 2024). 33259228 true true false false false false false false false true true false false false true true true false true false false false false false false false false false true true false false false false true false true false true true false false false false false false false true 1304 0 true 694 true true true false false false false true true false false false false false false X 13 12 false false false false false false false true true false false false true true true true true true false false VA X X TYSON COOPER 5402618463 ONE UNIVERSITY HILL DRIVE BUENA VISTA VA 24416 X REED WILCOX FORMER PRESIDENT 40.0 0.0 X 253179 0 48001 ERIC DENNA PRESIDENT (THRU 10/12/23) 40.0 0.0 X X 167594 0 20052 BRETT GARCIA EVP & CHIEF DEV. OFFICER 40.0 0.0 X 142689 0 38868 CHRIS PACKER VICE PRESIDENT OF OPERATIONS 40.0 0.0 X 130150 0 32996 JAMES LAMBERT PROVOST 40.0 0.0 X 124856 0 36015 DEIDRA DRYDEN VP & DIRECTOR OF ATHLETICS 40.0 0.0 X 118122 0 41035 CHRISTOPHER PENDLETON EVP, CM & ENROLLMENT OFFICER 40.0 0.0 X 140777 0 17853 TYSON COOPER VP OF FINANCE & OPERATIONS 40.0 0.0 X 110832 0 37001 BONNIE H CORDON PRESIDENT 40.0 0.0 X X 45504 0 12316 L HUGH REDD CHAIRMAN 5.0 0.0 X 0 0 0 ANN CHRISTENSEN VICE CHAIR 1.0 0.0 X 0 0 0 AARON ELTON TRUSTEE 1.0 0.0 X 0 0 0 MARK FUCHS TRUSTEE 1.0 0.0 X 0 0 0 DEBRA LARSEN HUBER TRUSTEE 1.0 0.0 X 0 0 0 ANNE MARIE JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 WENDY KIMBER TRUSTEE 1.0 0.0 X 0 0 0 NELSON KNIGHT TRUSTEE 1.0 0.0 X 0 0 0 BIANCA LISONBEE TRUSTEE (THRU 10/31/23) 1.0 0.0 X 0 0 0 SCOTT MCKEON TRUSTEE 1.0 0.0 X 0 0 0 ALAN OLSEN TRUSTEE (THRU 10/31/23) 1.0 0.0 X 0 0 0 BRUCE L OLSEN TRUSTEE (THRU 10/31/23) 1.0 0.0 X 0 0 0 GREG SCOTT TRUSTEE 1.0 0.0 X 0 0 0 STANFORD D STODDARD TRUSTEE (THRU 10/31/23) 1.0 0.0 X 0 0 0 JOHN WHEATLEY TRUSTEE 1.0 0.0 X 0 0 0 LAURA WHITELY TRUSTEE 1.0 0.0 X 0 0 0 JAMES E SKEEN CORPORATE SECRETARY 1.0 0.0 X 0 0 0 1233703 0 284137 13 true true false SODEXO AND AFFILIATES INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 Dining Services 2325633 NATIONAL MANAGEMENT RESOURCE CORPOR PO BOX 1224 LAGRANGE GA 30241 FacilitY Maintenance 1051189 BSN Sports LLC PO Box 841393 DALLAS TX 75284 Sports Apparel 304614 JENZABAR INC PO BOX 845588 BOSTON MA 02284 Software Services 250623 SYNERGY CAMPUS SECURITY SERVICES L PO BOX 1224 LAGRANGE GA 30241 Campus Security Serv 247850 9 14143278 2119327 14143278 TUITION & FEES 611600 19143087 19143087 HOUSING & AUX ENTERP. 611600 5145818 5145818 SPECIAL PROGRAMS 611600 421679 421679 24710584 154637 0 154637 0 0 0 0 0 901823 872361 29462 29462 29462 0 0 0 0 0 0 0 0 0 FEDERAL WORK STUDY 611600 55590 55590 LIBRARY INCOME 611600 759 759 MISCELLANEOUS 611600 40444 40444 2834 2834 99627 39137588 24810211 0 184099 X 0 5672889 5672889 0 0 1233702 234512 513833 485357 0 11865899 10961356 459721 444822 449310 375644 32665 41001 2169499 1909846 166074 93579 858480 728770 63371 66339 0 221227 203529 17698 121795 112051 9744 0 0 14385 14385 4148897 3816764 331893 240 124304 113863 9901 540 556011 491010 42696 22305 969934 877351 76291 16292 0 860705 791849 68856 1402870 1202407 104557 95906 0 87953 77147 6708 4098 852705 784489 68216 0 3085176 2838362 246814 551318 507213 44105 STUDENT ACTIVITIES 415146 360656 31361 23129 EQUIPMENT RENTAL/MAINTENANCE 403337 368167 32015 3155 MEMBERSHIPS 203179 186087 16181 911 MERCHANT BANK FEES 196216 180519 15697 0 514565 464747 40414 9404 36979502 33259228 2413196 1307078 5138 2654 6418150 4578379 1779738 3985031 0 0 0 0 0 0 696516 559172 0 0 523883 483689 59811480 30830875 29176707 28980605 1316957 1598575 90000 90000 0 0 0 0 572869 495733 40579958 40773838 1760360 1181036 0 0 1913114 1889567 0 0 0 0 3495157 0 6503372 10535661 1009881 230091 2913104 1665276 17594988 15501631 X 17096346 17160439 5888624 8111768 22984970 25272207 40579958 40773838 2158086 129151 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1696182 59066 126936 0 0 14385 1867799 1665439 10084 21119 -12187 0 12647 1696182 1940469 7584 -304639 27250 0 -49275 1665439 1311297 270483 401637 12250 20923 9775 1940469 1259887 99642 -1420 0 0 46613 1311496 0.45000 0.55000 0.00000 false false 1344902 1344902 35035200 15297988 19737212 4980210 3391337 1588873 15714637 12041385 3673252 2736531 100165 2636366 28980605 0 OBLIGATION UNDER CAPITAL LEASE 1620300 DEPOSIT 41850 ANNUITY PAYABLE 3126 1665276 X 33579465 129151 129151 33450314 14385 5672889 5687274 39137588 31292228 31292228 14385 5672889 5687274 36979502 PART V, LINE 4: SOUTHERN VIRGINIA UNIVERSITY'S ENDOWMENT CONSISTS OF INDIVIDUAL STOCKS AND EXCHANGE-TRADED PRODUCTS ACROSS A VARIETY OF SECTORS AND INDUSTRIES. THE PRIMARY PURPOSE OF THE ENDOWMENT IS TO SUPPORT STUDENT SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT STATES IT QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") OF 1986, AS AMENDED, AND IS EXEMPT FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S TAX POSITIONS AND HAS CONCLUDED THAT THE UNIVERSITY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS IRC GUIDANCE. THE UNIVERSITY FILES TAX RETURNS WITH U.S. FEDERAL AND VIRGINIA TAX AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES 5,672,889. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES, NETTED WITH TUITION AND FEES 5,672,889. true true false true true true true false false false false false false false false true false true PART I, LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY: SOUTHERN VIRGINIA UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AREAS NOT WITHIN ITS IMMEDIATE VICINITY. IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, IT IS NOT REQUIRED TO PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE NEWSPAPER OR THE BROADCAST MEDIA. AS REQUIRED BY REVENUE PROCEDURE 75-50, SOUTHERN VIRGINIA UNIVERSITY INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, SOLICITATION, PROGRAMS AND SCHOLARSHIPS. PART I, LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVED FUNDS FROM THE FOLLOWING US DEPARTMENT OF EDUCATION DIRECT PROGRAMS: US DEPARTMENT OF EDUCATION DIRECT LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL WORK STUDY, AND THE FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM. THE UNIVERSITY RECEIVED FUNDS UNDER THE FOLLOWING COMMONWEALTH OF VIRGINIA PROGRAM: VIRGINIA TUITION ASSISTANCE GRANT. true NEED BASED SCHOLARSHIPS 484 2262003 ACADEMIC SCHOLARSHIPS 926 2108895 MERIT/TALENT SCHOLARSHIPS 241 450082 OTHER SCHOLARSHIPS 552 439847 RETURNED MISSIONARY SCHOLARSHIPS 240 412062 PART I, LINE 2: A SIGNIFICANT PORTION OF INSTITUTIONAL AID AWARDED TO STUDENTS IS BASED ON ACADEMIC MERIT, FOR WHICH THE UNIVERSITY HAS A PREDETERMINED GRID THAT PROVIDES THE AMOUNTS TO BE AWARDED BASED ON THE STUDENT'S ACTUAL GPA AND TEST SCORES AND, AS NEEDED, EVALUATION BY THE UNIVERSITY'S SCHOLARSHIP COMMITTEE. OTHER INSTITUTIONAL AID CONSISTS OF RETURNED MISSIONARY SCHOLARSHIPS, TALENT, AND OTHER NEED-BASED GRANTS. RETURNED MISSIONARY SCHOLARSHIPS ARE AWARDED PER YEAR TO ALL FULL-TIME STUDENTS WHO HAVE COMPLETED A MISSION FOR THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS OR SIMILAR SERVICE. TALENT SCHOLARSHIPS ARE AWARDED IN VARIOUS AMOUNTS, TYPICALLY BETWEEN $500 AND $2,000 PER STUDENT, AND ARE AWARDED BASED ON THE NOMINATION OF THE UNIVERSITY FACULTY, ART/THEATRE/MUSIC DIRECTOR, ETC. AND APPROVAL OF THE FINANCIAL AID COMMITTEE. UNIVERSITY NEED BASED GRANTS AND VARIOUS OTHER GRANTS ARE AWARDED AS DETERMINED BY THE FINANCIAL AID DIRECTOR. FEDERAL & STATE GRANTS, INCLUDING PELL, AND SEOG ARE AWARDED TO STUDENTS WHO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) AND MEET THE VARIOUS QUALIFICATIONS. FEDERAL AND STATE GRANTS ARE VERIFIED INTERNALLY BY OUR FINANCIAL AID STAFF AS DICTATED BY APPLICABLE REGULATION. X true true X X X true false false false false false false false false REED WILCOX FORMER PRESIDENT 253153 0 0 0 26 0 18753 0 29248 0 301180 0 0 0 ERIC DENNA PRESIDENT (THRU 10/12/23) 167021 0 0 0 573 0 8802 0 11250 0 187646 0 0 0 BRETT GARCIA EVP & CHIEF DEV. OFFICER 142509 0 0 0 180 0 8839 0 30029 0 181557 0 0 0 CHRIS PACKER VICE PRESIDENT OF OPERATIONS 101220 0 0 0 28930 0 6719 0 26277 0 163146 0 0 0 JAMES LAMBERT PROVOST 120535 0 0 0 4321 0 9011 0 27004 0 160871 0 0 0 DEIDRA DRYDEN VP & DIRECTOR OF ATHLETICS 111625 0 0 0 6497 0 8602 0 32433 0 159157 0 0 0 CHRISTOPHER PENDLETON EVP, CM & ENROLLMENT OFFICER 140657 0 0 0 120 0 6850 0 11003 0 158630 0 0 0 PART I, LINE 1A: THE ORGANIZATION'S FORMER PRESIDENT RECEIVED EMPLOYER PROVIDED HOUSING IN THE AMOUNT OF $15,000 FROM JANUARY TO JUNE 2023. THE ORGANIZATION'S ACTING PRESIDENT RECEIVED EMPLOYER PROVIDED HOUSING IN THE AMOUNT OF $11,250 FROM FEBRUARY TO OCTOBER 2023. THE ORGANIZATION'S CURRENT PRESIDENT RECEIVED EMPLOYER PROVIDED HOUSING IN THE AMOUNT OF $5,000 FROM NOVEMBER TO DECEMBER 2023. THESE AMOUNTS WERE CONSIDERED NONTAXABLE TO THE EMPLOYEE. PART I, LINE 4A: THE VICE PRESIDENT OF OPERATIONS RECEIVED A SEVERANCE PAYMENT OF $28,750. THIS AMOUNT WAS CONSIDERED TAXABLE TO THE EMPLOYEE AND INCLUDED IN (B)(III) OTHER REPORTABLE COMPENSATION. 0 AUDREY MCKEON DAUGHTER OF TRUSTEE 12250 Scholarships Academic & merit scholars CAMDEN COOPER WIFE OF OFFICER 2505 Employee Tuition Grant TUITION GRANT TO EMPLOYEE DALLIN WILCOX SON OF FORMER PRESIDENT 69061 Compensation false SKEEN LAW OFFICES BUSINESS OF CORPORATE SEC 49345 LEGAL/PROFESSIONAL FEES false RACHEL WILCOX DAUGHTER OF FORMER PRESIDENT 29886 COMPENSATION false X 1 1350000 Appraisal X 4318 FMV X 4 717211 FMV X LOAN FORGIVE. 1 41000 FMV X Exercise Equip. 2 5500 FMV X V-ball Carts 1 1298 FMV 0 false true false PART I, COLUMN (B): THE NUMERICAL DATA HERE REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B: THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE FULL RETURN BEFORE FILING. THE FULL BOARD IS FURNISHED A COPY OF THE RETURN, WITHOUT SCHEDULE B TO PRESERVE DONOR CONFIDENTIALITY, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED, BY POLICY, TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MAY, TO THE BEST OF THEIR KNOWLEDGE, EXIST OR POTENTIALLY EXIST BY VIRTUE OF ANY BUSINESS OF OTHER ARRANGEMENT THEY MAY HAVE WITH THE UNIVERSITY OR OTHER CIRCUMSTANCES, IN WHICH THE UNIVERSITY MAY BENEFIT THEM ECONOMICALLY (OTHER THAN THROUGH THEIR EMPLOYMENT BY THE UNIVERSITY), AND ALL SITUATIONS IN WHICH THEY MAY COMPETE WITH THE UNIVERSITY IN ANY WAY. THE UNIVERSITY DOES MONITOR AND ENFORCE THIS POLICY BY EXPECTING OFFICERS, DIRECTORS, AND TRUSTEES TO REPORT ACCORDINGLY AND PREPARES AN ANNUAL WRITTEN REPORT FORM FOR SUCH REPORTING. THE FORM REQUESTS ALL OFFICERS, DIRECTORS AND TRUSTEES TO PROVIDE INFORMATION ABOUT POTENTIAL CONFLICTS OF INTEREST. THE UNIVERSITY ALSO REQUESTS THAT EACH OFFICER, DIRECTOR AND TRUSTEE SELF REPORT ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY OCCUR DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A: THE CEO/PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD. UPON REQUEST, THE BOARD CHAIRMAN IS PROVIDED WITH COMPARABILITY DATA FROM VARIOUS PROFESSIONAL SALARY SURVEYS TO ASSIST IN THAT DETERMINATION. THE COMPENSATION FOR OTHER TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE CEO/PRESIDENT. HE/SHE IS ALSO PROVIDED WITH COMPARABLE SALARY SURVEY DATA FOR THIS PURPOSE, UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18: DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION MAY BE OBTAINED UPON REQUEST TO THE UNIVERSITY. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS REQUIRED IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH VARIOUS THIRD PARTY (INCLUDING GOVERNMENT) WEB SITES. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. FORM 990 PART IX LINE 11G DESCRIPTION:SODEXO CAMPUS FOOD OPERATIONS TOTAL FEES:2182046 FORM 990 PART IX LINE 11G DESCRIPTION:NATIONAL RESOURCE CAMPUS MAINT TOTAL FEES:1401519 FORM 990 PART IX LINE 11G DESCRIPTION:SYNERGY CAMPUS SECURITY TOTAL FEES:253711 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:311621