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Virginia · Nonprofit

BRIDGEWATER COLLEGE

BRIDGEWATER COLLEGE (Virginia) receives grants from 84 organizations whose IRS filings report $11,130,971 to it, the largest being THE COMMUNITY FOUNDATION OF HARRISONBURG & ROCKINGHAM COUNTY ($2,214,228). 47 of them have funded it in more than one year.

Revenue FY2025
$52M
Funders on record
84
Grants received
$11M
Net assets
$147M
47/84 repeat funderspeak grant-dependency 3%
01What it does

What Bridgewater College does

Mission

Bridgewater College educates the whole person by providing a challenging and supportive learning community that fosters the growth of its students and empowers and motivates them to live educated, intelligent, healthy, purposeful and ethical lives in a global society. The college embraces the core values of integrity, equality, service and community, which have been inspired by its history with the church of the brethren. The college is a welcoming, diverse and vibrant community, committed to understanding and respecting individual differences and actively engaging all of its members.

As stated on its FY2025 Form 990.

Programs

  1. Located only two hours southwest of the washington, d.c., metro area, Bridgewater College has a total enrollment of approximately 1,400 students and offers bachelor of arts and bachelor of science degrees in more than 60 majors and minors, along with pre-professional programs such as medicine and law and teacher licensure. The college also offers masters degree programs in athletic training, digital media strategy, human resource management and non-profit management. Grounded in liberal arts, students at Bridgewater College learn about a variety of disciplines, enabling them to become articulate, analytical and assertive. They are challenged by rigorous academics in a close-knit community and collaborate with faculty to create personalized and unique learning experiences.

    $24,868,746 spentof which $7,779,757 as grants$24,839,227 earned by the program
    47% of program spending
  2. The residential campus is located in the beautiful shenandoah valley of virginia. On-campus housing features seven dormitories, shared houses known as the cottages, apartment-style living in the wampler towers, and the stone village housing community. Dining options include the main dining hall in the kline campus center and smitty's caf in the forrer learning commons.

    $9,560,499 spent$16,747,311 earned by the program
    18% of program spending
  3. With more than 60 social, cultural, religious, and academic clubs and organizations, there's always something happening on campus. Nearly a third of the student body participates in one of the 23 intercollegiate sports bridgewater offers at the ncaa division iii level. Bridgewater students benefit from fitness opportunities through the funkhouser center for health and wellness; an array of intramural sports and an outdoor program; musical ensembles such as the concert choir, chorale, symphonic band and jazz ensemble; and a renowned endowed lecture, lyceum and convocation series, which brings speakers and artists from across the country to the college.

    $12,282,609 spent$550 earned by the program
    23% of program spending
  4. Academic support areas at Bridgewater College include the academic advising center, the forror learning commons, the writing center, the information technology center, the office of career services and the academic support center. Revenues of $2,448 are for book commisions with the online book store, whose operations are otherwise divorced from Bridgewater College's financial statements.

    $6,122,574 spent$51,860 earned by the program
    12% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $52,834,428.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($94M) Expenses 100 ($87M) Net assets 100 ($151M)2018 Revenue 104 ($98M) Expenses 105 ($91M) Net assets 105 ($159M)2019 Revenue 101 ($95M) Expenses 108 ($95M) Net assets 104 ($158M)2020 Revenue 92 ($87M) Expenses 106 ($93M) Net assets 99 ($150M)2021 Revenue 104 ($98M) Expenses 102 ($89M) Net assets 119 ($180M)2022 Revenue 92 ($87M) Expenses 104 ($91M) Net assets 103 ($155M)2023 Revenue 87 ($82M) Expenses 105 ($92M) Net assets 102 ($154M)2024 Revenue 95 ($90M) Expenses 112 ($98M) Net assets 99 ($149M)2025 Revenue 55 ($52M) Expenses 69 ($60M) Net assets 98 ($147M)
'17'18'19'20'21'22'23'24'25
Revenue (55)Expenses (69)Net assets (98)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $251M to $218M (−13%).

$205M
$221M
$223M
$220M
$251M
$218M
$215M
$212M
$212M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 3% · 2021 7% · 2022 7% · 2023 1% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

9% of BRIDGEWATER COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$6.8M
’17
$6.2M
’18
$331k
’19
−$6.3M
’20
$9.2M
’21
−$4.3M
’22
−$9.8M
’23
−$8.0M
’24
−$7.9M
’25
1.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Christopher Meacham

Executive director of facilities

Board chair

D Bruce Christian

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed373838393940363636
Joined·+4+4+3+4+2+1+8+4
No longer listed·34241584
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 21 funders to 31 funders, grant income rose $414k → $2.0M.

19 of 84 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of BRIDGEWATER COLLEGE’s funders (the co-funder graph). Top 30 of 84 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

BRIDGEWATER COLLEGE has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

64% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BRIDGEWATER COLLEGE.

20%
largest funder
46%
top three
~10
effective funders

Largest funder’s share by year: 2017 44% · 2018 37% · 2019 40% · 2020 53% · 2021 52% · 2022 69% · 2023 49% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of BRIDGEWATER COLLEGE's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

BRIDGEWATER COLLEGE draws 65% of its grant income from funders outside Virginia, across 18 states in all.

IL
WI
NY
IN
OH
PA
NJ
CT
MO
VA
MD
DE
NC
DC
OK
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $4.4M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

BRIDGEWATER COLLEGE's funding base is broadening — from 21 funders to 31 as grant income climbed.

Operating margin−15% · bottom quartile
Months of reserve1.7mo · below the median
Revenue growth (annualized)−7% · bottom quartile

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Government funding BRIDGEWATER COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.4M on record.

Federal$9.4M
grants $9.4Mcontracts $0
20
21
22
Top agencies
  • Department of Education$9.4M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BRIDGEWATER COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 10%Fundraising 2%

Governance

26
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

78%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 2 states

NH
OR

Part of a family of 2 related entities

  • Bridgewater College Properties LLC · disregarded
  • 413-415 E College Street LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for BRIDGEWATER COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BRIDGEWATER COLLEGE?
BRIDGEWATER COLLEGE (Virginia) receives grants from 84 organizations whose IRS filings report $11,130,971 to it, the largest being THE COMMUNITY FOUNDATION OF HARRISONBURG & ROCKINGHAM COUNTY ($2,214,228). 47 of them have funded it in more than one year.
How many funders does BRIDGEWATER COLLEGE have?
IRS filings report 84 organizations giving $11,130,971 in grants to BRIDGEWATER COLLEGE, 47 of which have funded it in more than one year.
Who is the largest funder of BRIDGEWATER COLLEGE?
THE COMMUNITY FOUNDATION OF HARRISONBURG & ROCKINGHAM COUNTY is the largest funder on record, with $2,214,228 in grants. The full list of funders is on this page.
How can an organization like BRIDGEWATER COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Bridgewater College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 84 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing