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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Ferrum College has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in its financial management, with a score of 96% for its Accountability & Finance, which reflects a strong commitment to transparency and responsible stewardship of funds.
The college boasts a fully independent board, which enhances its governance structure. It has demonstrated exemplary practices in areas such as conflict of interest policies, whistleblower protections, and sound financial oversight, all contributing to its positive evaluation. Furthermore, the institution maintains a low liabilities to assets ratio, showcasing its financial stability.
While the ratings highlight significant strengths in financial practices, the summary does not provide insights into the college's programmatic impact or community engagement, which are crucial for a comprehensive understanding of its effectiveness. Nonetheless, the financial metrics presented suggest that Ferrum College operates with integrity and accountability.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
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- Compensation: $241,935
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- Other: $562
Official website here: www.ferrum.edu
Where can I find the form 990 for Ferrum College?
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.
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Impact
October, 2024
Ferrum College has a significant impact as a private liberal arts institution that fosters a dynamic learning community aimed at empowering students. With a commitment to inspiring individuals to do good work, build good futures, and lead fulfilling lives, Ferrum College enhances educational opportunities for all, regardless of background.
The college offers a diverse range of academic programs, including 29 majors and 44 minors, supported by a low student-faculty ratio of 13:1. This structure facilitates personalized education through one-on-one support, tutoring, and academic counseling, ensuring that each student receives the attention necessary to succeed. The curriculum is designed not only to prepare students academically but also to prepare them for meaningful careers through experiential learning opportunities such as internships and unique summer terms.
Ferrum College's mission emphasizes providing pathways to a successful future, focusing on both career readiness and personal growth. The college's commitment to community and resilience enhances its educational offerings, making it a pivotal institution for students seeking to make a positive impact in the world. By equipping graduates with the skills, knowledge, and experience needed for the workforce, Ferrum College plays a vital role in shaping the leaders of tomorrow.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(540) 365-4231Principal Officer
Barbara Hatcher
Main Address
P O BOX 1000, FERRUM, VA, 24088
Website
www.ferrum.eduNTEE Category
Code: B420 - Education
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