2025-05-13T08:07:31-07:00 2024-06-30 990 2023-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian I Erb Vice President for Finance 7062362265 2025-05-13 1 2023 2025-03-06 01:10:19Z Stephen R Briggs PO Box 490129 Mount Berry GA 301490129 221826418 0 X www.berry.edu X 1903 GA Berry College is a private liberal arts college placing emphasis on the importance of a comprehensive and balanced education that unites a challenging academic program with opportunities for meaningful work experience, spiritual and moral growth, and significant service to others. 28 28 3012 0 0 0 25451330 30155605 120254619 121183180 52442819 50963563 4684633 6097951 202833401 208400299 55216702 57478470 0 0 60857947 63601163 0 0 2796151 52025295 49413900 168099944 170493533 34733457 37906766 1506743308 1644625423 120821099 116725240 1385922209 1527900183 Berry College is a private liberal arts college placing emphasis on the importance of a comprehensive and balanced education that unites a challenging academic program with opportunities for meaningful work experience, spiritual and moral growth, and significant service to others. 0 0 36694155 0 91356101 Higher Education: Instruction - Berry College provides an education in the liberal arts and professional fields which incorporates intellectual engagement, service to others, and meaningful real life work experiences to enable students to live responsible, productive and creative lives in a constantly changing world. (2,327 students) 17175834 0 25947329 Higher Education: Auxiliary Enterprises (including Food Services, Residence Halls, and Bookstore) provide a quality residential living-learning environment which is safe, well maintained and comfortable for students. (2,327 students) 35090071 0 2776178 Higher Education: Academic Support, Student Services, and Institutional Support - The College furthers our students' intellectual, moral and spiritual growth; offers lessons that are gained from worthwhile work done well; and challenges them to devote their learning to community and civic betterment. Our mission guides Berry's faculty, staff, trustees and students toward a challenging and balanced educational program. The ultimate aim of Berry College is service to humanity through inspiration and preparation best expressed in Berry's motto: Not to be ministered unto, but to minister. (2,327 students) 57478470 57478470 0 Higher Education: Scholarships and Student Aid allow Berry to meet its goal of making an excellent private liberal-arts education accessible to talented students from a wide range of social and economic backgrounds. (2,327 students) 0 0 1103572 Higher Education: Other program service revenue. 57478470 57478470 1103572 146438530 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 3316 0 1 3012 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Brian I Erb Office of Business and Finance 7062362265 2277 Martha Berry Highway Mount Berry GA 301490129 Stephen R Briggs President 40 0 X 683246 0 75490 Brian I Erb Treasurer/V P for Finance 40 0 X 473536 0 80190 Nancy Rewis V P for Marketing and Communication 40 0 X 217911 0 69728 Andrew Bressette V P for Enrollment 40 0 X 207349 0 46639 Caroline Reilly Director of the Division of Nursing 40 0 X 168713 0 45243 John Grout Professor of Business Administration 40 0 X 169764 0 43556 David Slade Provost 40 0 X 168901 0 43457 R Daniel Price Secretary 40 0 X 160748 0 32720 Mairo Akpose-Simpson Trustee 0 0 X 0 0 0 Sheila Allen Trustee 0 0 X 0 0 0 David Asbury Trustee 0 0 X 0 0 0 D Randolph Berry Trustee 0 0 X 0 0 0 Brian Brodrick Trustee 0 0 X 0 0 0 Brandon D Bushnell Trustee 0 0 X 0 0 0 Steven J Cage Trustee 0 0 X 0 0 0 Peter J Capponi Trustee 0 0 X 0 0 0 Aaron Chastain Trustee 0 0 X 0 0 0 G Bert Clark Jr Trustee 0 0 X 0 0 0 John Coleman Trustee 0 0 X 0 0 0 John D Eadie Trustee 0 0 X 0 0 0 Richard W Gilbert Trustee 0 0 X 0 0 0 Vincent L Griffith Trustee 0 0 X 0 0 0 Craig Heyl Trustee 0 0 X 0 0 0 Karen Houghton Trustee 0 0 X 0 0 0 Kathleen Kelly Trustee 0 0 X 0 0 0 Angie Lewis Trustee 0 0 X 0 0 0 Roger W Lusby III Trustee 0 0 X 0 0 0 Araya Mesfin Trustee 0 0 X 0 0 0 Peter M Musser Trustee 0 0 X 0 0 0 Brent D Ragsdale Trustee 0 0 X 0 0 0 Meredith Roberts Trustee 0 0 X 0 0 0 Robert Swarthout Trustee 0 0 X 0 0 0 Fred J Tharpe Trustee 0 0 X 0 0 0 Roger C Tutterow Trustee 0 0 X 0 0 0 Martha Berry Walstad Trustee 0 0 X 0 0 0 Sarah Warren Trustee 0 0 X 0 0 0 Alexander Whitaker Trustee 0 0 X 0 0 0 Cecil B Wright III Trustee 0 0 X 0 0 0 2250168 0 437023 58 0 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 10364099 Moriah Services LLC 6262 Big Texas Valley Rd NW Rome GA 30165 Waste Management 450996 BDO USA PC P O Box 642743 Pittsburgh PA 15264 Accounting Firm 270432 Ruffalo Noel Levitz LLC 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Enrollment Management Services 253415 Rochester Midland Corporation PO Box 8 Buffalo NY 14240 Waste Services 206834 12 0 0 0 0 1282861 28872744 856967 30155605 Tuition and Fees 611310 91356101 91356101 0 0 Sales and Services Auxiliary 611310 25947329 25947329 0 0 Sales and Services Educational 611310 2776178 2776178 0 0 1103572 1103572 0 0 121183180 30715104 0 0 30715104 0 0 0 0 0 0 0 0 1218136 0 0 0 1218136 0 1218136 0 0 1218136 29639062 4035516 13426119 0 16212943 4035516 20248459 0 0 20248459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending Machines 611310 6476 0 0 6476 Other Investment Income 611310 2526877 0 0 2526877 Lavender Mountain Hospitality 611310 1953891 0 0 1953891 392571 0 0 392571 4879815 208400299 121183180 0 57061514 0 0 57478470 57478470 0 0 0 0 1634838 0 1634838 0 0 0 0 0 45475816 37378759 6420903 1676154 3124291 2266979 857312 0 10355049 7344278 2479079 531692 3011169 2135113 874611 1445 0 0 0 0 91330 0 91330 0 279432 0 279432 0 0 0 0 0 0 0 0 0 0 0 12632011 11248354 1274297 109360 495665 12344 473388 9933 8822302 6565765 1926573 329964 3198929 1937063 1261386 480 0 0 0 0 6651173 5438857 1208578 3738 3788068 3246106 490287 51675 0 0 0 0 0 0 0 0 3661568 3944860 -283292 0 0 0 0 0 7655074 6659971 995103 0 957254 0 957254 0 1181094 781611 317773 81710 170493533 146438530 21258852 2796151 2961155 2686703 5243625 2152828 15651881 26852564 3469819 4315922 0 0 0 0 11937782 12419930 864203 922216 465850 1022166 369613128 148650915 211371449 220962213 1056845296 1138764251 197705535 234400426 0 0 0 0 226713 126204 1506743308 1644625423 10977616 13558410 0 0 0 0 75257000 70689000 5125 3875 0 0 0 0 0 0 34581358 32473955 120821099 116725240 X 174646682 192914516 1211275527 1334985667 1385922209 1527900183 1506743308 1644625423 X 37906766 104354876 0 0 0 -283668 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 344986000 6521000 64175000 7765000 10710000 0 397207000 305658000 9509000 46984000 7128000 10037000 0 344986000 341959000 9611000 -30397000 6096000 9419000 0 305658000 268423000 5087000 82538000 5487000 8602000 0 341959000 267974000 1870000 11488000 5174000 7735000 0 268423000 0.09 0.33 0.58 0 0 17496 12156799 12174295 0 308157739 121582086 186575653 0 0 0 0 0 14540437 11857366 2683071 0 34740657 15211463 19529194 220962213 0 50580 F Equities - Domestic 123663217 F Equities - International 35809628 F Private Equities 24665830 F Alternative Strategies 109142 F Private Credit 3453187 F Real Assets 1654760 F Beneficial Interest in Perpetual Trusts 2357115 F Timber 26663799 F Other 15973168 F 234400426 0 Annuities Payable 1549375 Deposits and Deferred Credits 5570630 Accrued Post Retirement Benefits 25353950 32473955 X Schedule D, Part IV, Line 2b The College maintained an escrow account for housing deposits made by Faculty/Staff members renting a living space on campus. Schedule D, Part V, Line 4 To support scholarships, instruction and other operational support (including academic support, student services and maintenance). Schedule D, Part X, Line 2 The College analyzed its tax position for the years ended June 30, 2024 and 2023 and determined that there were no uncertain tax positions that would have a material impact on the College's consolidated financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Advertisements in local newspapers announcing registration dates and programs offered include a summary statement on non-discrimination policy. Also, the policy appears on all publications and materials used for student recruitment. Schedule E, Part I, Line 6 Government aid included funds received from the U.S. Department of Education, the U.S. Department of Justice, the National Science Foundation, the U.S. Department of Health and Human Services, and the U.S. Department of Agriculture. Central America and the Caribbean 0 0 Program Services Education - Study Abroad 86110 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 131338 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 798070 Middle East and North Africa 0 0 Program Services Education - Study Abroad 20918 South America 0 0 Program Services Education - Study Abroad 23964 Sub-Saharan Africa 0 0 Program Services Education - Study Abroad 69631 0 0 1130031 0 0 0 0 0 0 1 Tuition Waivers 17 173880 0 Institutional Grants 2308 57304590 0 Schedule I, Part I, Line 2 Students receiving scholarships are judged worthy by the institution's assessment on the basis of academic achievement, financial need, and other similar standards. Scholarships are awarded on a non-discriminatory basis. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Stephen R Briggs President 484368 0 192020 0 6858 0 33000 0 46932 0 763178 0 0 0 Brian I Erb Treasurer/V P for Finance 401792 0 69421 0 2323 0 33000 0 52232 0 558768 0 0 0 Nancy Rewis V P for Marketing and Communication 216342 0 0 0 1569 0 23600 0 46722 0 288233 0 0 0 Andrew Bressette V P for Enrollment 206651 0 0 0 698 0 20200 0 27033 0 254582 0 0 0 David Slade Provost 152559 0 16000 0 342 0 16563 0 34487 0 219951 0 0 0 Caroline Reilly Director of the Division of Nursing 154203 0 13468 0 1042 0 17704 0 28133 0 214550 0 0 0 John Grout Professor of Business Administration 163979 0 4150 0 1635 0 17569 0 26581 0 213914 0 0 0 R Daniel Price Secretary 159747 0 0 0 1001 0 16203 0 17111 0 194062 0 0 0 Schedule J, Part I, Line 1a On campus housing is provided by the institution for certain officer(s) and vice president(s) that are required to live on campus. Social club dues and expenses are provided under an accountable plan for certain positions. Schedule J, Part II Deferred Compensation includes items such as Berry's contribution to the employee retirement plan. Nontaxable benefits represent Berry's payment of welfare benefits (i.e. medical, dental, life insurance), housing, memberships, and employees' contributions to flexible spending accounts and health savings accounts. A Development Authority of Floyd County 237182908 2018-06-01 95339200 Current Refunding 0 0 0 A 0 0 95339200 0 0 0 0 0 0 0 95339200 0 2018 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Truist Bank 20 0 0 0 0 1 A 1 Student Relative of Officer 43550 Scholarships Financial Aid Student Relative of Officer 38068 Scholarships Financial Aid Student Relative of Board Member 15000 Scholarships Financial Aid Student Relative of Officer 7519 Scholarships Financial Aid X 820 FMV X 12 177961 FMV X 1 637923 FMV X Inventory 2 28400 FMV X Materials and Supplies 5 11863 FMV 0 0 1 0 Form 990, Part VI, Section A, Line 2 Trustees D. Randolph Berry and Martha Walstad are cousins. Form 990, Part VI, Section B, Line 11b The return and schedules are prepared by college staff and reviewed by management. Additionally the College engages BDO USA, P.C. to review the return. Prior to filing, the draft is distributed to all voting members of the Board of Trustees who then review and issue comments or note corrections. Form 990, Part VI, Section B, Line 12c The Human Resources Director and the Assistant VP for Financial Services review employee statements (including officers and key employees); the President and VP for Finance review Trustee statements. All potential conflicts related to Trustees are evaluated by the Chair of the Audit Committee or their designee. If a conflict is deemed to exist, the individual is required to recuse himself/herself from the decision-making process. All conflicts are then communicated to the VP for Finance for referral to return preparers. Form 990, Part VI, Section B, Line 15 Using salaries for comparable positions at similar institutions and summary data from the CUPA survey and the Yaffe data, the Executive Committee of the Board of Trustees evaluates and approves the compensation for the president (CEO of organization) and reviews the compensation for the other officers and key employees which have been approved by the president. The College maintains documentation of the approvals. Form 990, Part VI, Section C, Line 19 Information is available upon request. Form 990, Part XI, Line 9 Decrease in post retirement benefit obligation: 1,632,918; other:-25,208; and Lavender Mountain Hospitality expenses: -1,891,378 Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA 0 50000 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA 529782 0 N/A Lavender Mountain Hospitality Services LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Hospitality Services GA 1953891 14487824 N/A