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Ferrum College

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540506457 ✦ Ferrum, VA ✦ Designated as a 501(c)(3)

Overview

What is Ferrum College?

Ferrum College is a private liberal arts institution based in Ferrum, Virginia. With a comprehensive academic program rooted in a liberal arts core, the college aims to support students' success by providing one-on-one assistance, personal attention, and positive reinforcement. Ferrum offers 29 majors and 44 minors, along with a student-faculty ratio of 13:1. The college is committed to pre-professional learning opportunities through a variety of internships and experiential learning programs. Ferrum's mission is to inspire students to do good work, build good futures, and live good lives through generosity of spirit, community connection, opportunity, and resilience. The college offers graduate programs, one-on-one support through tutoring, academic advising, and academic counseling, and a fitness center for practical application of classroom knowledge. The total employee count is 740.


Official website here: www.ferrum.edu

Is Ferrum College legitimate?

Ferrum College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferrum College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $571,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,108,733

For more financial information, click here


Official website here: www.ferrum.edu

What is the mission statement of Ferrum College?

Ferrum College is a vibrant learning community devoted to helping students realize their potential and leave with a sense of purpose. The institution's mission is supported by its vision to inspire individuals to do good work, build meaningful futures, and live fulfilling lives. Through personalized attention, one-on-one support, and a comprehensive academic program, Ferrum College aims to provide students with the tools they need to achieve their educational goals. With a student-faculty ratio of 13:1, the college offers 29 majors and 44 minors, preparing students for successful careers. It also provides ample opportunities for hands-on learning through internships and experiential terms. Ferrum College's Carter Center for Academic Success offers additional support through tutoring, academic advising, and academic counseling. The college's commitment to student development is further reflected in its fitness center, where students can apply their classroom learning in practice.


Official website here: www.ferrum.edu

Who is the CEO of Ferrum College?

Barbara Hatcher is the Chair Of The Board Of Trus of Ferrum College.


Official website here: www.ferrum.edu

What is the revenue of Ferrum College?

Ferrum College's revenue in 2022 was $48,896,269.


Official website here: www.ferrum.edu

Who are the executives of Ferrum College and what are their salaries?

The average compensation at Ferrum College during 2022 was $17,135. There are 740 employees and 35 volunteers at Ferrum College.

Here are 31 key members and their salaries:

    Dr David Johns (President)
  • Compensation: $241,935
  • Related: $0
  • Other: $9,691

    • Barbara Hatcher (Vp For Business And Financ)
  • Compensation: $143,586
  • Related: $0
  • Other: $7,063

    • Dr Aime Sposato (Former Provost)
  • Compensation: $147,134
  • Related: $0
  • Other: $562

    • Wilson Paine (Vp For Institutional Advan)
  • Compensation: $138,204
  • Related: $0
  • Other: $7,043

    • Kevin Reilly (Vp For Academic Affairs)
  • Compensation: $108,322
  • Related: $0
  • Other: $8,601

    • Christopher Chandler (Director Of Human Resource)
  • Compensation: $107,001
  • Related: $0
  • Other: $8,905

    • Kimberly Brown (Director Of Nursing Division & Associate Professor)
  • Compensation: $105,026
  • Related: $0
  • Other: $5,372

    • D Scott Showalter (Chair Of The Board Of Trus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • W Jeffrey Booker (1St Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Everett Foxx (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne M Boltz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Cougill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judson P Mason (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annita P Nelson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Baxter F Phillips Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Walsh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn L Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn H West (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clay Wiley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Whitehurst (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George D Yancey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Klotz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Arrington (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Bates (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Davoud (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teresa Watson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharma D Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernice Cobbs (2Nd Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey H Knotts (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald E Singleton (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ferrum.edu

    Where can I find the form 990 for Ferrum College?

    The Ferrum College’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ferrum.edu

    Learn more at the official website: www.ferrum.edu

    Mission Statement of Ferrum College

    Ferrum College, a dynamic learning institution, is committed to providing both undergraduate and graduate degrees with a liberal arts core. The college's mission is to inspire everyone to do good work, build good futures, and live good lives. Students enter Ferrum College with promise and leave with a purpose.

    The institution maintains a tradition of offering a comprehensive academic program, striving to provide education and maximize students' chances for success through one-on-one support, individual attention, and positive reinforcement. The curriculum includes opportunities for career preparation and personal development to help each student fulfill their educational goals. Ferrum College offers 29 majors and 44 minors, as well as a student-faculty ratio of 13:1. The college provides pre-professional learning opportunities by offering a wide array of internships in its majors. Students get hands-on learning experience during an experiential term, a three-week summer term focused on unique learn-by-doing experiences. The college also operates a fitness center, providing opportunities for students to put into practice what they are learning in the classroom.

    Ferrum College's Carter Center for Academic Success provides one-on-one support through tutoring, academic advising, and academic counseling. The college prioritizes connecting and inspiring its students, providing opportunities regardless of background, and exhibiting resilience through innovation and resourcefulness to strengthen its mission and vision. Ferrum College is dedicated to fulfilling the promise of college by providing pathways to meaningful work, making education attainable, and staying connected for a lifetime.

    Impact

    This information is meant to be a general summary of Ferrum College. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ferrum College's impact is evident in the transformation of its students who enter with promise and leave with purpose. The institution's comprehensive academic program, with a liberal arts core, provides students with the tools and opportunities necessary for success in their chosen fields. By offering a wide array of majors, minors, and pre-professional learning experiences, Ferrum College equips its students with the knowledge and skills needed to excel in their future careers.

    Through one-on-one support, tutoring, academic advising, and counseling, the college ensures that every student receives the attention and guidance necessary to reach their full potential. Additionally, the experiential term and internships offered by Ferrum College provide hands-on learning experiences that complement the classroom education, preparing students for the real world.

    Ferrum College's impact goes beyond the academic realm, as it fosters a sense of community, generosity, and resilience among its students. By inspiring everyone to do good work, build good futures, and live good lives, the college instills values that extend far beyond graduation. In essence, Ferrum College's impact lies in its ability to empower students to achieve their personal and professional goals and contribute meaningfully to society.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,702,476
  • Program Service Revenue: $40,580,266
  • Gross Receipts: $49,248,628

    • Assets and Liabilities:
  • Total Assets: $126,663,415
  • Total Liabilities: $28,348,191
  • Net Assets: $98,315,224
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION & FEES

    Revenue

    $30,753,796

    AUXILIARY REVENUE

    Revenue

    $9,647,860

    OTHER

    Revenue

    $178,610

    Organization Details

    Founding Year

    1914

    Principal Officer

    Barbara Hatcher

    Main Address

    P O BOX 1000, FERRUM, VA, 24088

    NTEE Category

    Code: B42 - Education

    If you are a representative of Ferrum College and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.