Davis & Elkins College: FY2024 Nonprofit Profile & Form 990 (EIN 55-0357021)

Mr Chris a Wood’s $252K as President is at the 53rd percentile of top reported officer pay among 3683 $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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Mr Chris a Wood	$251,950	$233,997	$225,911	$235,200	$232,107	$230,306
Rosemary M Thomas	—	$149,531	$148,084	$141,000	$138,894	$138,000
Diana L White	$143,571	—	—	—	—	—
Robert J Phillips	$113,750	$126,400	$120,164	$127,000	$123,025	$119,500
Scott D Goodard	$110,500	$107,238	$106,106	$96,000	$91,025	$90,000
Jennifer S Riggleman	$96,366	—	—	—	—	—
Robert O Hardman	—	$94,610	$92,870	$91,000	$91,505	$87,869
Katherine M Garlick	$80,480	—	—	—	—	—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspiring students for success and thoughtful engagement in the world.

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1 program · $34.2M · in their own filed words · FY2023

01

Education

Provide higher education to students.

$34.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

West Virginia Emulation Endowment TrustFY2025$24K

Allen C Nydegger TrustFY2025$5K

Total grants receivedfrom 2 funders$29K

Grants paid · 11 grants · $67.8M · 2019–2024

Unitemized GrantFY2024$13,819,407

Unitemized GrantFY2024$186,884

Unitemized GrantFY2023$14,001,923

Unitemized GrantFY2023$184,027

Unitemized GrantFY2022$12,922,062

Unitemized GrantFY2022$198,872

Unitemized GrantFY2021$12,731,045

Unitemized GrantFY2021$195,956

Unitemized GrantFY2020$13,329,940

Unitemized GrantFY2020$124,768

Unitemized GrantFY2019$132,637

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$37.9M

Ln 12

Fees for servicesLn 2g$27.1M

Gifts and grantsLn 1h$6.2M

Investment incomeLn 3$4.0M

Money outPt IX

$39.1M

Ln 25

Programscol B$34.2M

Managementcol C$3.8M

Fundraisingcol D$1.0M

Owns and owesPt X

$125.7M

net assets · Ln 32

Cash and savingsLn 1–2$2.9M

Total assetsLn 16$130.3M

LiabilitiesLn 26$4.6M

PeoplePt VI, VII

34

listed · VII A

PaidVII A7

Voting boardVI 1a24

IndependentVI 1b23

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.2M

Government grantsLn 1e$3.0M

Noncash giftsLn 1g$619K

Fees for servicesLn 2g$27.1M

Investment incomeLn 3$4.0M

Other incomeLn 4–11$681K

Gains on assetsLn 7$2.2M

Total revenueLn 12$37.9M

Assets in detailPt X, end of year

CashLn 1$2.9M

Cash and savings togetherLn 1–2$2.9M

InvestmentsLn 11–13$61.3M

Land, buildings, equipmentLn 10c$47.9M

Other assetsLn 15$9.9M

Total assetsLn 16$130.3M

LiabilitiesLn 26$4.6M

Net assetsLn 32$125.7M

OperationsPt I, VI

EmployeesI 5629

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.1M	$2.9M
InvestmentsLn 11–13	$54.1M	$61.3M
Land, buildings, equipmentLn 10c	$34.8M	$47.9M
Total assetsLn 16	$124.5M	$130.3M
LiabilitiesLn 26	$3.8M	$4.6M
Net assetsLn 32	$120.7M	$125.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$14.2M	$14.2M
Pay of current officers, directors and key staffLn 5	$1.1M	$435K	$298K	$349K
Other salaries and wagesLn 7	$8.7M	$7.5M	$957K	$273K
Pension plan contributionsLn 8	$272K	$232K	$31K	$9K
Other employee benefitsLn 9	$1.7M	$1.3M	$281K	$58K
Payroll taxesLn 10	$616K	$523K	$73K	$21K
Investment management feesLn 11f	$272K		$272K
Other fees for servicesLn 11g	$155K		$155K
Office expensesLn 13	$1.1M	$948K	$121K	$26K
OccupancyLn 16	$1.2M	$1.1M	$8K	$44K
TravelLn 17	$717K	$646K	$14K	$57K
Conferences, conventions and meetingsLn 19	$20K		$16K	$4K
Depreciation, depletion and amortizationLn 22	$2.7M	$2.4M	$234K	$42K
Other expenses (24a–d)Ln 24	$6.4M	$4.9M	$1.3M	$144K
All other expensesLn 24e	$99K	$9K	$81K	$9K
Total functional expensesLn 25	$39.1M	$34.2M	$3.8M	$1.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$37.0M	$40.3M	−$3.3M	$125.1M	990 PDF
FY2024 Viewing	$37.9M	$39.1M	−$1.2M	$125.7M	990 PDF
FY2023	$55.4M	$37.2M	$18.2M	$120.7M	990 PDF
FY2022	$34.4M	$34.6M	−$241K	$99.7M	990 PDF
FY2021	$52.6M	$33.3M	$19.3M	$110.5M	990 PDF
FY2020	$39.1M	$35.5M	$3.6M	$80.7M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $37,917,730 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $25,732,691$6,170,263

I-9 Program service revenuePrior year $25,255,180$27,060,624

I-10 Investment incomePrior year $1,607,838$4,006,237

I-11 Other revenuePrior year $2,839,797$680,606

I-12 Total revenuePrior year $55,435,506$37,917,730

I-13 Grants and similar amounts paidPrior year $13,120,934$14,185,950

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $11,662,489$12,341,802

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $12,451,037$12,579,895

I-18 Total expensesPrior year $37,234,460$39,107,647

I-19 Revenue less expensesPrior year $18,201,046−$1,189,917

Part VI · Governance 23 of 24 board members independent, no flags

VI-1a Voting members of the governing body24

VI-1b Independent voting members23

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $37,917,730 across 9 lines filed

Lines not itemized here account for $47,615 of total revenue; see the IRS return.

VIII-1e Government grants$2,972,684

VIII-1f All other contributions, gifts and grants$3,197,579

VIII-1g Noncash contributions (included above)$618,530

VIII-1h Total contributions, gifts and grants$6,170,263

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,652,208 · Unrelated business $408,416$27,060,624

VIII-3 Investment incomeExcluded from tax $1,812,491$1,812,491

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,193,746$2,193,746

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $632,991$632,991

VIII-12 Total revenueRelated to mission $27,332,814 · Unrelated business $408,416 · Excluded from tax $4,006,237$37,917,730

Part IX · Statement of functional expenses $39,107,647 across 15 lines filed

IX-2 Grants to domestic individualsPrograms $14,185,950$14,185,950

IX-5 Pay of current officers, directors and key staffPrograms $435,026 · Management $297,718 · Fundraising $349,089$1,081,833

IX-7 Other salaries and wagesPrograms $7,467,060 · Management $956,686 · Fundraising $273,224$8,696,970

IX-8 Pension plan contributionsPrograms $232,067 · Management $30,921 · Fundraising $8,907$271,895

IX-9 Other employee benefitsPrograms $1,336,077 · Management $281,045 · Fundraising $57,770$1,674,892

IX-10 Payroll taxesPrograms $522,750 · Management $72,560 · Fundraising $20,902$616,212

IX-11f Investment management feesManagement $271,534$271,534

IX-11g Other fees for servicesManagement $154,745$154,745

IX-13 Office expensesPrograms $948,009 · Management $120,624 · Fundraising $26,021$1,094,654

IX-16 OccupancyPrograms $1,141,605 · Management $7,963 · Fundraising $43,518$1,193,086

IX-17 TravelPrograms $646,023 · Management $14,124 · Fundraising $56,920$717,067

IX-19 Conferences, conventions and meetingsManagement $16,037 · Fundraising $3,519$19,556

IX-22 Depreciation, depletion and amortizationPrograms $2,400,356 · Management $234,225 · Fundraising $41,533$2,676,114

IX-24 Other expenses (24a–d)Programs $4,909,987 · Management $1,300,212 · Fundraising $143,548$6,353,747

IX-24e All other expensesPrograms $9,488 · Management $81,332 · Fundraising $8,572$99,392

IX-25 Total functional expensesPrograms $34,234,398 · Management $3,839,726 · Fundraising $1,033,523$39,107,647

Part X · Balance sheet $130,338,127 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $1,131,019$2,850,594

X-3 Pledges and grants receivableStart of year $22,313,147$7,044,780

X-4 Accounts receivableStart of year $2,372,074$1,233,644

X-8 Inventories for sale or useStart of year $80,227$68,700

X-10c Land, buildings and equipment, netStart of year $34,844,238$47,918,068

X-11 Publicly traded securitiesStart of year $51,669,083$59,188,897

X-12 Other securitiesStart of year $2,430,897$2,091,514

X-15 Other assetsStart of year $9,698,125$9,941,930

X-16 Total assetsStart of year $124,538,810$130,338,127

X-17 Accounts payable and accrued expensesStart of year $2,535,905$3,419,854

X-19 Deferred revenueStart of year $410,454$405,971

X-25 Other liabilitiesStart of year $171,563$503,213

X-26 Total liabilitiesStart of year $3,813,081$4,621,180

X-27 Net assets without donor restrictionsStart of year $37,364,526$32,277,075

X-28 Net assets with donor restrictionsStart of year $83,361,203$93,439,872

X-32 Total net assets or fund balancesStart of year $120,725,729$125,716,947

X-33 Total liabilities and net assetsStart of year $124,538,810$130,338,127

Part XI · Reconciliation of net assets $125,716,947 net assets at year end

XI-1 Total revenue$37,917,730

XI-2 Total expenses$39,107,647

XI-3 Revenue less expenses−$1,189,917

XI-4 Net assets at start of year$120,725,729

XI-5 Net unrealized gains (losses) on investments$4,889,152

XI-9 Other changes in net assets$1,291,983

XI-10 Net assets at end of year$125,716,947

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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