EIN 54-0506457

Ferrum College

IRS 501(c) type
501(c)(3)
Num. employees
717
City
Year formed
1914
Most recent tax filings
2023-06-01
Description
Ferrum College is a 4-year liberal arts institution founded on Christian principles and related to the United Methodist Church.
Total revenues
$43,486,308
2023
Total expenses
$48,426,770
2023
Total assets
$126,357,545
2023
Num. employees
717
2023

Program areas at Ferrum College

Instruction - Ferrum maintains a tradition of offering a comprehensive academic program in accord with a liberal arts core. We strive to provide education and to maximize students' chances for success by providing one-on-one support, individual attention and positive reinforcement. The curriculum includes opportunities for career preparation as well as personal development in order to help each student fulfill his or her personal educational goals. Ferrum College offers 32 majors and 45 minors, as well as a student-faculty ratio of 11:1. The College strives to provide pre-professional learning opportunities by offering a wide array of internships in its majors. Ferrum students get hands-on learning experience during an experiential term, a three-week summer term that focuses on unique learn-by-doing experiences. The College also offers several graduate programs. Ferrum College provides one-on-one support through tutoring, academic advising and academic counseling through the carter center for academic success. The College also operates a fitness center that provides opportunities for sutdents to put into practice what they are learning in the classroom.
Student services - student leadership and engagement facilitates a diverse calendar of events that enhances and compliments the curriculum and co-curriculum; supports clubs and organizations that not only involve, but engages students, and promotes service learning. Athletics - Ferrum College considers intercollegiate athletics to be an integral part of the College experience and seeks to provide positive and enriching programs that complement and reinforce the educational pursuits, academic success, and athletic excellence of student athletes. Admissions promotes Ferrum College through various marketing programs including mailings, attendance at various high school College fairs, and personal tours of the campus in order to enroll students. Financial aid complements the admissions process by working with families to secure financial resources required for attendance. Registrar assists as well by verifying the academic credentials of potential students and then follows the student through their academic progress to graduation. Tri-area community health center (3rd party partner) and Ferrum College counseling services provide health services to our students.
Academic support stanley library consists of the 21st century learning area which houses our learning engagement and practice (leap) studio for library instruction, our digital media center, our digital audio lab, and our "green screen" room. The library also has a sufficient print collection, a learning commons study area, full range of resource sharing services, and other quiet study areas. The michael christian '63 for first-year experience is designed to help students adjust to Ferrum College and obtain the necessary skills to become a successful College student. The program engages new students to cultivate a better understanding of the learning process, and to take advantage of the campus resources and community available to them. The state center for blue ridge folklore, Ferrum College's blue ridge institute and museum (brim) has documented the folkways of the people living in and around the blue ridge mountains. The brim adds a unique element to Ferrum College's modern academic programs. These services are provided free of charge to students. The blue ridge institute farm museum is available to the general public for a small fee.
Auxiliaries - the two major areas of auxiliaries are residence life and dining services. Residence life includes residential facilities and staff that support the on campus student housing experience. Dining services includes cost of meal plans and equipment replacement or repairs. Other auxiliary items include the campus spirit store, summer programs, and faculty/staff rental housing.

Who funds Ferrum College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
R Stuart Moore Charitable Trust for theGeneral Operating$711,156
Lettie Pate Whitehead FoundationFor General Scholarship Support.$252,000
Commonwealth All for Rural Coll$68,933
...and 19 more grants received totalling $1,210,614

Personnel at Ferrum College

NameTitleCompensation
Joseph HanVice President for Finance and Chief Operating Officer
Mark PooreVice President of Information Technology and Chief Information Officer
Courtney BrownBoard Member
Barbara HatcherVice President for Business and Finance$143,536
John DevaultAssociate Vice President for Recruitment and Retention
...and 19 more key personnel

Financials for Ferrum College

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,785,785
Program services$36,923,395
Investment income and dividends$927,807
Tax-exempt bond proceeds$0
Royalty revenue$11,445
Net rental income$0
Net gain from sale of non-inventory assets$141,207
Net income from fundraising events$48,040
Net income from gaming activities$0
Net income from sales of inventory$59,491
Miscellaneous revenues$589,138
Total revenues$43,486,308

Form 990s for Ferrum College

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-08990View PDF
2021-062022-05-09990View PDF
2020-062021-05-20990View PDF
2019-062021-01-21990View PDF
...and 10 more Form 990s

Organizations like Ferrum College

OrganizationLocationRevenue
University of LynchburgLynchburg, VA$93,803,239
Le Moyne CollegeSyracuse, NY$148,595,597
Bluefield UniversityBluefield, VA$25,908,052
Erskine College and Theological SeminaryDue West, SC$43,220,598
Georgian Court University (GCU)Lakewood, NJ$58,760,311
Wittenberg UniversitySpringfield, OH$78,702,689
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
Rochester University (RC)Rochester Hills, MI$25,001,276
Ashland UniversityAshland, OH$130,719,861
Anderson University (AU)Anderson, SC$131,165,523
Data update history
August 10, 2024
Updated personnel
Identified 2 new personnel
July 16, 2024
Used new vendors
Identified 2 new vendors, including , and
July 14, 2024
Received grants
Identified 9 new grant, including a grant for $64,700 from Community Foundation Serving Western Virginia
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 15, 2024
Updated personnel
Identified 7 new personnel
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ChristianReligiousPolitical advocacyLobbyingConservation easementFundraising eventsState / local levelReceives government fundingEndowed supportProvides scholarshipsAuction fundraisersFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
PO Box 1000
Ferrum, VA 24088
Metro area
Roanoke, VA
County
Franklin County, VA
Website URL
ferrum.edu/ 
Phone
(540) 365-4231
Facebook page
FerrumCollege 
IRS details
EIN
54-0506457
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1914
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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