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Bluefield University EIN 54-0568200

Bluefield University

EIN  54-0568200 Higher education institution Bluefield, VA Founded 1922
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Offers students instruction, scholarships, and academic support.
Leadership
Michael Salmeier · Provost & Chief Academic Officer/Interim President · $137K
Money in and out
$29.9M revenue, $29.7M expenses
Bottom line
+1% operating surplus

Offers students instruction, scholarships, and academic support. For fiscal year 2024 it reported $29.9M in revenue, $29.7M in expenses, and $15.2M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$29.9M
Pt VIII · Ln 12
Total expenses
$29.7M
Pt IX · Ln 25
Net assets
$15.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $166K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26 Fundraising $0.01
Operating surplus
+1%
revenue over expenses, this legal entity▲ +107% vs prior filing year
Payroll share
29%
of this entity's spending is salaries & benefits▼ -6% vs prior filing year
Program spending
74%
of expenses reach program services▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$29.9M
FY2024▲ +6%
Expenses
$29.7M
FY2024▼ -2%
Total assets
$34.8M
FY2024▲ +7%
Total liabilities
$19.6M
FY2024▲ +9%
Total revenue
$29.9M
Pt VIII · Ln 12
Total expenses
$29.7M
Pt IX · Ln 25
Net assets
$15.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$166K
Total assetsPt X · Ln 16$34.8M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

3 program services account for $21.9M of program spending, described in the organization's own filed words · FY2024.
01

Student Instruction and Scholarships

Grounded in the liberal arts tradition, bluefield university is at the forefront in understanding the value of science and technology in the 21ST century. Bluefield university offers more than 70 academic programs, including over 50 bachelor's degrees, 15 master's degrees and several associates and certificate programs.

$12.8Mprogram expense
02

Student Services

The university's student services areas include the registrar, enrollment management, creative media, financial aid, general student support services, campus security, inter-collegiate and intramural athletics, student extracurricular activities, campus ministry, and RETENTION/STUDENT success services.

$5.8Mprogram expense
03

Auxiliary Enterprises

The university's auxiliary enterprises include student housing, food service, the campus store, and special programs (E.G., summer events).

$3.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBluefield University
EINHdr · item D54-0568200
Principal addressHdr · item CBluefield, VA
WebsiteHdr · item Jwww.bluefield.edu
Year of formationHdr · item L1922
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFSep 1930

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Michael Salmeier
Provost & Chief Academic Officer/Interim President
$137,000Pt VII · Sec A
$124,724Pt VII · Sec A
Emily Lambert
Interim Provost & Chief Academic Officer
$108,462Pt VII · Sec A
Angela Cline
Dean of Caudill School of Business/Academics
$104,738Pt VII · Sec A
Jessica Sharp
Dean of School of Nursing
$104,738Pt VII · Sec A
Heather Harris
Board Trustee
$0Pt VII · Sec A
Robert Bob Houck
Board Trustee
$0Pt VII · Sec A
Melissa Hypes
Board Trustee
$0Pt VII · Sec A

Michael Salmeier’s $137K as Provost & Chief Academic Officer/Interim President is at the 11th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
David Olive—$183,729$198,052$192,681$454,305$192,540
Michael Salmeier$137,000$114,267$47,612———
Mary Ruth Blankenship—$132,389$129,348$120,589$118,589$114,213
Steve Peterson$124,724—————
Angela Cline$104,738$119,514————
Karl Hatton—$110,310$55,576———
Emily Lambert$108,462—————
Jessica Sharp$104,738—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$25.8M · 86%
Contributions & grants$2.9M · 10%
Other revenue$808K · 3%
Investment income$360K · 1%
Program service revenue86%$25.8M
Contributions & grants10%$2.9M
Other revenue3%$808K
Investment income1%$360K
Total revenueLn 12$29.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26 Fundraising $0.01
Program services74%$21.9M
Management & general26%$7.7M
Fundraising1%$153K
Total functional expensesLn 25$29.7M

Balance Sheet

Part X · end of year
CashLn 1$2.9M
Total assetsLn 16$34.8M
Total liabilitiesLn 26$19.6M
Total net assetsLn 32$15.2M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.2M · Operating expenses (Pt IX) $29.7M · Less non-cash grants $103K · Cash operating expenses/yr $29.6M
4.5 months
Where the money goes
Program services
Program services $21.9M · Total expenses $29.7M
74%
Management & General
Management & general $7.7M · Total expenses $29.7M
26%
Fundraising
Fundraising $153K · Total expenses $29.7M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $279K · Solicited contributions (3-yr avg) $2.4M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.9M · Total revenue $29.9M
10%
Government reliance
Government grants — · Total revenue $29.9M
—
Earned-income share
Program service revenue $25.8M · Total revenue $29.9M
86%
Investment reliance
Investment income $360K · Total revenue $29.9M
+1%
Program self-sufficiency
Program service revenue $25.8M · Total expenses $29.7M
87%
Growth & trend
Revenue growth (YoY)
This year $29.9M · Prior year $28.2M
+6%
Revenue CAGR
FY2019 $28.4M · FY2024 $29.9M
+1%
Net-asset trend (YoY)
End of year $15.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29.9M · Expenses $29.7M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $34.8M
—
Net-asset ratio
Net assets $15.2M · Total assets $34.8M
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $34.8M
24%
People & payroll
Highest Reported Total Compensation
Individual Michael Salmeier · Reported title PROVOST & CHIEF ACADEMIC OFFICER/INTERIM PRESIDENT · Highest reported compensation $137K · Total expenses $29.7M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.6M · Total expenses $29.7M
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 26%——
Fundraising cost ratio 5%——
Revenue growth 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
The Virginia College FundFY2025$78K
Total grants receivedfrom 1 funder$78K
Grants paid · 17 grants · $44.1M · 2019–2024
Unitemized GrantFY2024$5,912,443
Unitemized GrantFY2024$526,324
Unitemized GrantFY2024$68,209
Unitemized GrantFY2023$7,546,127
Unitemized GrantFY2023$500,711
Unitemized GrantFY2023$89,987
Unitemized GrantFY2022$5,892,673
Unitemized GrantFY2022$628,264
Unitemized GrantFY2022$113,316
Unitemized GrantFY2021$6,131,540
Unitemized GrantFY2021$1,004,016
Unitemized GrantFY2021$75,863
Unitemized GrantFY2020$7,821,132
Unitemized GrantFY2020$139,827
Unitemized GrantFY2019$6,931,205
Unitemized GrantFY2019$678,763
Unitemized GrantFY2019$73,375

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$28.2M revenue · ⤓ 990 PDF
FY2023$25.9M revenue · ⤓ 990 PDF
FY2022$30.4M revenue · ⤓ 990 PDF
FY2021$29.5M revenue · ⤓ 990 PDF
FY2020$28.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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