2025-05-15T15:51:56-07:00 2024-06-30 990 2023-07-01 540505945 ROANOKE COLLEGE ROAN 5403752285 221 College Lane Salem VA 241533794 David Mowen Vice President Business Affairs 5403752283 2025-05-15 1 2023 2025-03-06 01:10:19Z ROANOKE COLLEGE 221 COLLEGE LANE SALEM VA 24153 111634654 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 1599 115 0 0 20448202 12916143 82068215 88003362 2704414 5161602 2577876 5553547 107798707 111634654 30093677 34444138 0 0 39379756 40091686 0 0 1858889 30918730 33871237 100392163 108407061 7406544 3227593 368163177 384792538 57960981 56471928 310202196 328320610 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 58109726 34444138 70989964 Student Instruction - undergraduate college education 12622518 0 22566945 Auxiliary Services - dining, residence halls, bookstore operated on campus for student use 16419474 0 0 Student Services - programming for students 4366241 0 0 Other - Research, Public Support and Academic Support 4366241 0 0 91517959 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 1 198 0 0 1599 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 0 X 579807 0 9783 Francis X Shushok Jr President 40 0 X 397249 0 20349 David B Mowen Vice President Finance and Administration 40 0 X 310369 0 14333 Katherine J Wolfe Vice President Academic Affairs 40 0 X 228669 0 14333 Kimberly P Blair Vice President Advancement 40 0 X 202311 0 19950 Melanie W Tolan Vice President for Marketing & Communications 40 0 X 200573 0 11975 Richard G Grant Senior Advisor President Strategic Initiatives 40 0 X 144671 0 12437 Teresa J Ramey Vice President for Community, Diversity & Inclusion 40 0 X 143226 0 7653 Thomas A Rambo Dean of Students 40 0 X 138982 0 7528 Mary G Theodore Associate Vice President Advancement 40 0 X 134692 0 7577 David G Taylor Associate Vice President for Academic Operations 40 0 X 131654 0 7506 Brenda P Poggendorf Vice President Enrollment & Dean for Admissions & Financial Aid 40 0 X 94785 0 3972 Mr Kenneth J Belton Trustee 1.4 X 0 0 0 Mr Kirk H Betts Trustee 1.3 X 0 0 0 Dr Paris D Butler Trustee 1 X 0 0 0 Ms Pamela L Cabalka Trustee 1 X 0 0 0 Dr M Paul Capp Trustee 1 X 0 0 0 Mr Joseph H Carpenter IV Trustee 1.4 X 0 0 0 Ms Joanne Leonhardt Cassullo Trustee 1 X 0 0 0 Mr W Morgan Churchman Trustee 1 X 0 0 0 Mr Malon W Courts Trustee 2.9 X 0 0 0 Mrs Kimberly Davis Riffe Trustee 1 X 0 0 0 Mr Robert P Fralin Trustee 1.65 X 0 0 0 Mr James S Frantz Jr Trustee 1.15 X 0 0 0 Rev Harry W Griffith Trustee 1 X 0 0 0 Ms Judith B Hall Trustee 1.4 X 0 0 0 Mrs Kathryn S Harkness Trustee 1 X 0 0 0 Mrs Peggy F Horn Trustee 1.45 X 0 0 0 Mr Patrick R Leardo Trustee 1.3 X 0 0 0 Mr Christopher N Merrill Trustee 1 X 0 0 0 Rev Dr Phyllis Milton Trustee 1 X 0 0 0 Mrs Nancy B Mulheren Trustee 1 X 0 0 0 Mr Roger A Petersen Trustee 1.4 X 0 0 0 Mr J Tyler Pugh Trustee 1.35 X 0 0 0 Dr Theodore F Schneider Trustee 1 X 0 0 0 Mr C Micah Spruill Trustee 1 X 0 0 0 Mr Daniel E Strelka Trustee 1.7 X 0 0 0 Mr Andrew K Teeter Trustee 1 X 0 0 0 Mrs Nicole B Terrill Trustee 1.25 X 0 0 0 Dr Garnett B Whitehurst Trustee 1 X 0 0 0 Mrs Helen Twohy Whittemore Trustee 1.4 X 0 0 0 2706988 0 137396 29 0 1 0 0 0 0 0 0 2259157 10656986 0 12916143 Tuition and Student Fees 611310 65436417 65436417 0 0 Dining Services 611710 10815714 10815714 0 0 Residence Halls 611710 11267521 11267521 0 0 Campus Store 611710 483710 483710 0 0 0 0 0 0 88003362 2357131 0 0 2357131 0 0 0 0 0 0 0 0 0 0 2804471 0 0 0 2804471 0 2804471 0 0 2804471 0 5553547 0 0 5553547 5553547 111634654 88003362 0 10715149 0 0 34444138 34444138 0 0 0 0 1823459 515000 890071 418388 0 0 0 0 29406280 23930079 4548050 928151 0 0 0 0 8861947 8578116 -25032 308863 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 745683 0 745683 0 0 0 0 0 0 0 0 0 1658840 1335039 223683 100118 0 0 0 0 0 0 0 0 0 0 0 0 1746874 1545771 97734 103369 0 0 0 0 0 0 0 0 1481204 1333084 148120 0 0 0 0 0 5719182 5204456 514726 0 0 0 0 0 Other Expenses 21040813 14632276 6408537 0 Non-Operating Expenses 1478641 0 1478641 0 108407061 91517959 15030213 1858889 56029502 65284857 19951157 18281626 1067272 1415241 0 0 4931032 4773462 496475 577989 1341077 913519 211708934 90099607 117967239 121609327 153858809 167306513 0 0 0 0 12520614 4630004 368163177 384792538 6029039 6390786 0 2250922 1704342 32921511 32128772 0 0 0 0 3704607 3292999 0 0 13054902 12955029 57960981 56471928 X 111431016 114461463 198771180 213859147 310202196 328320610 368163177 384792538 3227593 14890821 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 2787 2787 0 Schedule C, Part II-B, Line 1 Roanoke College is a member of the Council of Independent Colleges in Virginia (CICV), an association of 28 indepdendent 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, 2024, CICV expended approximately 11% of membership dues for lobbying activities. 0 177450 0 0 X X 0 160206583 1664233 18315492 5270506 1466773 0 173449029 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 0.16 0.53 0.31 1 0 532882 5721752 6254634 55857 160848339 63852154 97052042 0 4606158 1926793 2679365 0 30994685 24320660 6674025 0 8949261 0 8949261 121609327 0 Postretirement Benefit Obligation 4687275 Trust and Annuity Obligations 1806564 U.S. Government Grants Refundable 711468 Bond Premium 5749722 12955029 91335653 14890820 0 0 0 14890820 76444833 745683 34444138 35189821 111634654 73217240 0 0 0 0 0 73217240 745683 34444138 35189821 108407061 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 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 1809 34444138 0 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 579807 0 0 0 0 0 2875 0 9783 0 592465 0 0 0 Francis X Shushok Jr President 397249 0 0 0 0 0 3813 0 20349 0 421411 0 0 0 David B Mowen Vice President Finance and Administration 310369 0 0 0 0 0 13413 0 14333 0 338115 0 0 0 Katherine J Wolfe Vice President Academic Affairs 228669 0 0 0 0 0 10150 0 8164 0 246983 0 0 0 Kimberly P Blair Vice President Advancement 202311 0 0 0 0 0 10375 0 19950 0 232636 0 0 0 Melanie W Tolan Vice President for Marketing & Communications 200573 0 0 0 0 0 10475 0 11975 0 223023 0 0 0 Thomas A Rambo Dean of Students 138982 0 0 0 0 0 6875 0 7528 0 153385 0 0 0 Brenda P Poggendorf Vice President Enrollment & Dean for Admissions & Financial Aid 94785 0 0 0 0 0 2232 0 3972 0 100989 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 the 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 0 0 0 497076 0 0 8555643 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 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 Feburary 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 Controller, Chief Accounting Officer (CPA) based on the annual independently audited financial statements. It is reviewed by the Vice President of Finance and Administration (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.