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Ferrum College

Public charityFed auditsIRS 990990-T FY2023
Other · FERRUM, VA · EIN 54-0506457

About

We are a dynamic learning community where students enter with a promise and leave with a purpose.

Donations are tax-deductible
Category
Other
Employees
717
Volunteers
15

Financial Snapshot

FY ending 2023-06-30
Revenue
$43.5M
Expenses
$48.4M
Assets
$126.4M
Liabilities
$28.2M

Financial history

$57.7M$28.8M$0
1617181920212223
RevenueExpenses
Latest FY2023: $43.5M · Peak FY2017: $57.7M · Avg: $51.2M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$5K
Grants Given
$17.9M
FERRUM COLLEGE
Your actions

Address

PO BOX 1000
Ferrum, VA, 24088-900

Governance

Voting board members24
Independent members24
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %10.9%
Permanent endowment %71.0%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.