EIN 54-0506457

Ferrum College

IRS 501(c) type
501(c)(3)
Num. employees
740
City
Year formed
1914
Most recent tax filings
2022-06-01
Description
Ferrum College is a 4-year liberal arts institution founded on Christian principles and related to the United Methodist Church.
Total revenues
$48,896,269
2022
Total expenses
$51,555,496
2022
Total assets
$126,663,415
2022
Num. employees
740
2022

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 29 majors and 44 minors, as well as a student-faculty ratio of 13:1. 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
RS Stuart Moore Charitable Trust for theGeneral Operating$686,535
Lettie Pate Whitehead FoundationFor General Scholarship Support.$252,000
American Electric Power FoundationBoat Purchase$80,000
...and 17 more grants received

Personnel at Ferrum College

NameTitleCompensation
Joseph HanVice President for Finance and Chief Operating Officer
Barbara HatcherVice President for Business and Finance$143,586
Christopher ChandlerDirector of Human Resources$107,001
Kimberly BrownDirector of Nursing Division and Associate Professor$105,026
Justin MuseDirector of Student Activities Adjunct Instructor of Rec
...and 14 more key personnel

Financials for Ferrum College

RevenuesFYE 06/2022
Total grants, contributions, etc.$9,475,080
Program services$40,580,266
Investment income and dividends$690,174
Tax-exempt bond proceeds$0
Royalty revenue$10,955
Net rental income$0
Net gain from sale of non-inventory assets$1,012,302
Net income from fundraising events$50,413
Net income from gaming activities$0
Net income from sales of inventory$96,134
Miscellaneous revenues$-3,019,055
Total revenues$48,896,269

Form 990s for Ferrum College

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-08990View PDF
2021-062022-05-09990View PDF
2020-062021-05-20990View PDF
2019-062021-01-21990View PDF
2018-062019-11-04990View PDF
...and 9 more Form 990s

Organizations like Ferrum College

OrganizationLocationRevenue
University of LynchburgLynchburg, VA$116,399,474
Bluefield UniversityBluefield, VA$30,387,501
Georgian Court University (GCU)Lakewood, NJ$70,027,794
Anderson University (AU)Anderson, SC$130,183,026
Ashland UniversityAshland, OH$179,414,778
Mid-America Christian UniversityOklahoma City, OK$32,546,102
Wittenberg UniversitySpringfield, OH$89,895,310
Gustavus Adolphus CollegeSaint Peter, MN$183,510,862
Moravian UniversityBethlehem, PA$137,954,892
Rochester University (RC)Rochester Hills, MI$25,001,276
Data update history
April 19, 2024
Updated personnel
Identified 1 new personnel
February 4, 2024
Received grants
Identified 2 new grant, including a grant for $68,933 from Commonwealth All for Rural Coll
December 29, 2023
Received grants
Identified 5 new grant, including a grant for $252,000 from Lettie Pate Whitehead Foundation
September 27, 2023
Received grants
Identified 2 new grant, including a grant for $686,535 from RS Stuart Moore Charitable Trust for the
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
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 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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