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Bridgewater College

Bridgewater, VA · EIN 54-0506306 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bridgewater College reported $52.2 million in revenue and $60.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.93 went to program services, $9.73 to management and general costs and $2.34 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.7% of the total. The highest compensation it reported for one person was $385,916 (PRESIDENT). 23 people received more than $100,000 in reportable compensation. Revenue fell 40% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $60M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $52M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.7%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.3%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.31$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
8.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.4%1.1%
Program service revenue share
Part VIII 2g ÷ 12
76.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$385,916$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.64%1.28%
People paid over $100,000
Part VII, line 2
238
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
29.413.3
Independent voting board members
Part VI 1a–1b
25 of 26100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$25M expenses · 47.1% of program spending · grants $7.8M · revenue $25M

Located only two hours southwest of the washington, d.c., metro area, Bridgewater College has a total enrollment of approximately 1,400 students and offers bachelor of arts and bachelor of science degrees in more than 60 majors and minors, along with pre-professional programs such as medicine and law and teacher licensure. The college also offers masters degree programs in athletic training, digital media strategy, human resource management and non-profit management. Grounded in liberal arts, students at Bridgewater College learn about a variety of disciplines, enabling them to become…

$9.6M expenses · 18.1% of program spending · revenue $17M

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

$12M expenses · 23.2% of program spending · revenue $550

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 23 intercollegiate sports bridgewater offers at the ncaa division iii level. Bridgewater students benefit from 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…

$6.1M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Director/trustee, officer, 40.00 hrs/week
$370,153$0$15,763$385,916
PROVOST & EXECUTIVE VICE P
Key employee, 40.00 hrs/week
$227,632$0$8,454$236,086
VICE PRESIDENT FOR ENROLLM
Key employee, 40.00 hrs/week
$207,922$0$20,420$228,342
VP FOR INSTITUTIONAL ADVAN
Key employee, 40.00 hrs/week
$179,618$0$14,442$194,060
VP FOR STUDENT LIFE/DEAN O
Key employee, 40.00 hrs/week
$150,336$0$6,367$156,703
VP FOR IT AND CHIEF INFORMATION OFFICER
Highest compensated employee, 40.00 hrs/week
$137,787$0$5,755$143,542
VP FOR MARKETING AND COMMU
Highest compensated employee, 40.00 hrs/week
$130,888$0$4,649$135,537
PROFESSOR OF THE COLLEGE
Highest compensated employee, 40.00 hrs/week
$126,013$0$9,243$135,256

23 people received more than $100,000 in reportable compensation from Bridgewater College (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$52M$60M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$52M$60M87.9%$147M$385,916
FY2024 ⓘ$90M$98M90.8%$149M$382,721
FY2023 ⓘ$82M$92M91.4%$154M$385,730
FY2022 ⓘ$87M$91M91.9%$155M$354,550
FY2021 ⓘ$98M$89M91.8%$180M$329,815
FY2020 ⓘ$87M$93M91.0%$150M$368,073

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b26 · 25 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5853
  • Volunteers Part I, line 641

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
PARKHURST DINING SERVICES
Dining services and catering
$3,641,370
LANTZ CONSTRUCTION
Construction services
$3,034,177
UG2 LLC
Janitorial service contractor
$1,432,205
TWO OCEAN EDUCATION PARTNERS
Admissions consultant
$400,221
SILVERCREST ASSET MGMT GROUP
Investment management consultant
$270,926

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Private foundation grants it received

24 private foundations reported grants to Bridgewater College totaling $314K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Bridgewater College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bridgewater College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Virginia

Questions people ask

How much of Bridgewater College's spending goes to programs?

In the fiscal year ending June 30, 2025, Bridgewater College reported that 87.9% of its $60.1 million in expenses went to program services, 9.7% to management and general and 2.3% to fundraising (Form 990, Part IX).

How much does Bridgewater College pay its top executive?

The largest total compensation Bridgewater College reported for one person in the fiscal year ending June 30, 2025 was $385,916, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bridgewater College get its money?

Of $52.2 million in revenue in the fiscal year ending June 30, 2025, 8.7% came from contributions and grants (including 0.4% from government grants) and 76.7% from program service revenue (Form 990, Part VIII).

Is Bridgewater College a registered charity?

The IRS lists EIN 54-0506306 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349303067 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349301508 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349304189 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331159349301608 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210989349300111 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141029349300614 · read the filing

All filings for EIN 54-0506306: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.