Bridgewater College
91% goes to programs $17 to raise $100 Strong reserves
Bridgewater College is a 501(c)(3) organization based in Bridgewater, Virginia, registered in 1939, with $89,629,247 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
402 E College St, Bridgewater, VA, 22812 EIN 54-0506306 Since 1939
Revenue (FY2023)
$89.6M
▲ 9.4% vs prior year
Education median: $200K
Expenses (FY2023)
$97.6M
Net assets
$149.1M
Employees
892
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating91% to programs · $17 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bridgewater College: 91% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating18 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bridgewater College: 18 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bridgewater College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bridgewater College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Bridgewater college is a private, coeducational, residential, liberal arts college of approximately 1,400 students
What they do
The residential campus is located in the beautiful shenandoah valley of virginia. on-campus housing features seven dormitories, shared houses known as the cottages, apartment-style living in the wampler towers, and the stone village housing community. dining options include the main dining hall in the kline campus center and smitty's caf in the forrer learning commons.
With more than 60 social, cultural, religious, and academic clubs and organizations, there's always something happening on campus. nearly a third of the student body participates in one of the 24 intercollegiate sports bridgewater offers at the ncaa division iii level. students also have the opportunity to benefit from the bridgewater college equestrian center in weyers cave, va., for riding lessons and the equestrian team; fitness opportunities through the funkhouser center for health and wellness; an array of intramural sports and an outdoor program; musical ensembles such as the concert choir, chorale, symphonic band and jazz ensemble; and a renowned endowed lecture, lyceum and convocation series, which brings speakers and artists from across the country to the college.
Academic support areas at bridgewater college include the academic advising center, the alexander mack library, the writing center, the information technology center, the office of career services and the academic support center. revenues of $18,219 are for book commisions with the online book store, whose operations are otherwise divorced from bridgewater college's financial statements.
Contact & location
- Address
- 402 E College St, Bridgewater, VA, 22812
- City
- Bridgewater
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $78.9M (FY2013) to $89.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $62.6MNet assets $149.1M
Operating margin
-8.9%
Spent more than it raised in the latest fiscal year.
Total assets
$211.7M
Total liabilities
$62.6M
Net assets
$149.1M
Salaries & benefits
$25.8M
26% of expenses
Board members
26
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $89,629,247▲9.4% | $97,598,637▲6.4% | $149,103,414▼2.9% | $211,735,125▼1.5% | 990 |
| 2022 | $81,951,230▼5.4% | $91,706,803▲0.9% | $153,555,638▼1.0% | $215,060,961▼1.3% | 990 |
| 2021 | $86,620,583▼11.8% | $90,872,536▲2.1% | $155,095,024▼13.9% | $217,951,653▼13.2% | 990 |
| 2020 | $98,240,480▲13.4% | $89,021,703▼4.2% | $180,148,329▲20.5% | $251,135,673▲14.1% | 990 |
| 2019 | $86,618,271▼9.0% | $92,920,733▼2.0% | $149,543,829▼5.1% | $220,158,848▼1.3% | 990 |
| 2018 | $95,158,284▼2.5% | $94,826,990▲3.7% | $157,617,205▼0.7% | $223,147,924▲1.1% | 990 |
| 2017 | $97,637,164▲3.6% | $91,456,403▲4.6% | $158,767,538▲5.0% | $220,682,089▲7.5% | 990 |
| 2016 | $94,240,749▲13.7% | $87,429,979▲8.3% | $151,230,340▲10.4% | $205,325,294▲7.6% | 990 |
| 2015 | $82,912,786▲2.4% | $80,738,852▲7.6% | $136,923,808▼2.7% | $190,809,165▼1.6% | 990 |
| 2014 | $80,977,516▲2.7% | $75,038,078▲4.4% | $140,765,438▲3.1% | $193,822,966▲2.2% | 990 |
| 2013 | $78,854,625 | $71,867,720▲7.4% | $136,501,034▲14.3% | $189,663,691▲12.1% | 990 |
| 2012 | — | $66,927,013▲4.2% | $119,390,195▲9.6% | $169,236,820▲5.4% | 990 |
| 2011 | — | $64,246,234▲6.1% | $108,981,075▼0.8% | $160,627,872▲1.5% | 990 |
| 2010 | — | $60,565,573 | $109,905,419 | $158,317,654 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: David W Bushman — $362,911 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David W Bushman | President | 40 | $362,911 |
| Leona Sevick | Provost & Executive Vice P | 40 | $235,141 |
| Stephen Bright | Former Vp For Finance and Treasur | 40 | $230,030 |
| Michael Post | Vice President For Enrollm | 40 | $219,906 |
| Leslie Frere | Vp For Student Life/dean O | 40 | $165,401 |
| Margaret Riner Oncken | Vp For Institutional Advan | 40 | $156,135 |
| Kristy Rhea | Director of Information Te | 40 | $143,730 |
| Amber Parkhurst | Vp For Marketing and Communications | 40 | $133,264 |
| Carol Scheppard | Professor of the College | 40 | $129,738 |
| Curtis Kendall | Director of Athletics | 40 | $127,272 |
| Penny Reardon | Director of Finance & Budget | 40 | $125,013 |
| Andrew B Agee | Trustee | 0.5 | — |
| Andrew Grossnickle | Trustee | 0.5 | — |
| Ashley B Smith | Trustee | 0.5 | — |
| Bonnie F Rhodes | Trustee | 0.5 | — |
| Cheryl M Mascarenhas | Vice Chairman | 0.5 | — |
| David A Young | Trustee | 0.5 | — |
| D Bruce Christian | Chairman | 0.5 | — |
| D Cory Adamson | Trustee | 0.5 | — |
| Denise E Saunders | Trustee | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Wam Holdings LLC | Hvac | $183,262 |
| Botkin Rose | Legal Services | $154,729 |
| Edc | Construction Management | $139,500 |
| Southard Audio LLC | Audio Visual Services | $121,077 |
| Mutech LLC | Software Development | $120,000 |
Grants received · $3.1M total
46 grants to Bridgewater College totaling $3.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $299,600 |
| Charities Aid Foundation America | Charitable donation | 2024 | $23,443 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $22,500 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,250 |
| American Endowment Foundation | Educational | 2023 | $1,000,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $299,600 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $40,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $26,520 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $10,400 |
| Tulsa Community Foundation | Scholarships | 2023 | $7,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $6,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2022 | $280,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $80,000 |
| Sentara Health | Sponsorship | 2022 | $55,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2022 | $26,000 |
Similar organizations in Education
Education
Virginia Early Childhood Foundation
Henrico, VA
$86.9M
Bannual revenue
Education
Imagine Schools Non-profit Inc
Vienna, VA
$86.2M
C+annual revenue
Education
Medical College of Virginia Foundation
Richmond, VA
$84.2M
Aannual revenue
Education
Woodberry Forest School
Woodberry For, VA
$82.6M
Aannual revenue
Education
Emory & Henry University
Emory, VA
$82.5M
Aannual revenue
Education
Grafton School Incorporated
Winchester, VA
$79.0M
Aannual revenue
Education
Randolph-macon College
Ashland, VA
$101.9M
Aannual revenue
Education
National Student Clearinghouse
Herndon, VA
$102.5M
Aannual revenue
Education
Hampden-sydney College
Hmpden Sydney, VA
$106.3M
Aannual revenue
Education
Potomac School
Mclean, VA
$71.5M
Aannual revenue
Compare Bridgewater College
Frequently asked questions
- Is Bridgewater College a legitimate nonprofit?
- Yes. Bridgewater College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0506306, based in Bridgewater, Virginia. Donations are tax-deductible.
- What is Bridgewater College's EIN?
- Bridgewater College's Employer Identification Number (EIN) is 54-0506306.
- How much revenue does Bridgewater College report?
- Bridgewater College reported $89,629,247 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bridgewater College's spending goes to programs?
- Bridgewater College spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bridgewater College have?
- CharityIndex grades Bridgewater College A, based on program efficiency and fundraising cost.
- How much does Bridgewater College's highest-paid employee make?
- The highest reported compensation on Bridgewater College's latest Form 990 is $362,911, paid to David W Bushman (President).
More nonprofits in Bridgewater
Explore more
Data for Bridgewater College (EIN 54-0506306) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.