2019-05-14T11:11:51-07:00 2018-06-30 990 2017-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian I Erb Vice President for Finance 7062362265 2019-05-14 208.71.235.129 2017 2019-02-21 02:37:17Z Stephen R Briggs PO Box 490129 Mount Berry GA 301490129 181111820 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. 26 26 3013 0 0 0 9014665 8931706 95775947 97307862 43514425 51520654 753307 1033243 149058344 158793465 37735165 39129910 0 0 50865265 51529182 0 0 3644478 40341598 41871930 128942028 132531022 20116316 26262443 1162425895 1182320944 163340855 152208460 999085040 1030112484 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 30212377 0 69994115 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. (2,091 students) 15707076 0 23405761 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. (2,091 students) 28196315 0 2364568 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". (2,091 students) 39129910 39129910 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. (2,091 students) 0 0 1543418 Higher Education: Other program service revenue. 39129910 39129910 1543418 113245678 1 1 0 0 0 0 0 0 0 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 1 0 1 0 0 0 1 0 0 0 0 1 3118 0 1 3013 1 0 0 0 0 0 1 1 0 0 0 1 0 X 26 26 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 X Sheila Allen Trustee 0 0 X 0 0 0 D Randolph Berry 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 G Bert Clark Jr Trustee 0 0 X 0 0 0 Bradford R Dinsmore Trustee 0 0 X 0 0 0 John D Eadie Trustee 0 0 X 0 0 0 A D Frazier Jr 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 J Barry Griswell Trustee 0 0 X 0 0 0 Anne Hydrick Kaiser Trustee 0 0 X 0 0 0 Roger W Lusby III Trustee 0 0 X 0 0 0 Wanda Mack Trustee 0 0 X 0 0 0 Peter M Musser Trustee 0 0 X 0 0 0 William L Pence Trustee 0 0 X 0 0 0 Jonathan Purser Trustee 0 0 X 0 0 0 Brent D Ragsdale Trustee 0 0 X 0 0 0 Frances E Richey Trustee 0 0 X 0 0 0 Roxanne Spillett Trustee 0 0 X 0 0 0 Lisa Fanto Swain 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 Cecil B Wright III Trustee 0 0 X 0 0 0 Stephen R Briggs President 40 0 X 546004 0 65868 Brian I Erb Treasurer/V P for Finance 40 0 X 431353 0 64522 R Daniel Price Secretary 40 0 X 119465 0 29368 Bettyann M O'Neill V P Office of Advancement 40 0 X 316122 0 38700 Joyce Heames Dean Campbell School of Business 40 0 X 210069 0 32222 Debbie E Heida V P of Student Affairs 40 0 X 191920 0 32654 Nancy Rewis V P of Marketing and Communication 40 0 X 187929 0 26060 Gary Waters Assistant to the President 40 0 X 183263 0 48772 2186125 0 338166 42 0 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 9229978 ARAMARK Service Master Management 24818 Network Pl Chicago IL 60673 Housekeeping 220265 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 201523 Comcast Communications P O Box 530098 Atlanta GA 30353 Cable Service 166139 Lipman Hearne Inc 200 S Michigan Avenue 16th Floor Chicago IL 60604 Marketing and Communications Firm 160239 6 0 0 0 0 431785 8499921 383256 8931706 Tuition and Fees 611310 69994115 69994115 0 0 Sales and Service Auxiliary 611310 23405761 23405761 0 0 Sales and Services Educational 611310 2364568 2364568 0 0 1543418 1543418 0 0 97307862 36886598 0 0 36886598 0 0 0 0 0 0 0 0 648163 0 0 0 648163 0 648163 0 0 648163 36717007 235404 22318355 0 14398652 235404 14634056 0 0 14634056 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending Machines 611310 5838 0 0 5838 Other Investment Income 611310 51885 0 0 51885 327357 0 0 327357 385080 158793465 97307862 0 52553897 0 0 39129910 39129910 0 0 0 0 1227158 0 969455 257703 0 0 0 0 38555669 31435306 5625087 1495276 2748165 2144874 476600 126691 6529075 4973721 1228730 326624 2469115 1882262 463614 123239 0 0 0 0 36782 0 36782 0 211523 0 211523 0 0 0 0 0 0 0 0 0 0 0 11586440 10292719 1022040 271681 314152 46109 211754 56289 4940256 3796360 903678 240218 1576123 950127 494537 131459 0 0 0 0 3703762 2378362 1234578 90822 2941131 2386151 438434 116546 0 0 0 0 0 0 0 0 4689225 4786097 -96872 0 0 0 0 0 6249385 5393290 676315 179780 1060162 0 1060162 0 Maintenance of Buildings 2606238 2084990 390936 130312 1956751 1565400 293513 97838 132531022 113245678 15640866 3644478 1151757 1214782 2993065 4599775 12171652 11724208 2610572 3014650 0 0 0 0 9383989 10723729 637960 665095 689678 690662 294805103 108321023 187172690 186484080 788253109 788022013 157361423 175181950 0 0 0 0 0 0 1162425895 1182320944 24730929 20131242 0 0 0 0 98854200 95339200 0 0 0 0 0 0 655889 479 39099837 36737539 163340855 152208460 X 101130519 120359544 148148051 160085809 749806470 749667131 999085040 1030112484 1162425895 1182320944 X 26262443 12771733 0 0 0 -8006732 X 0 1 X 1 1 1 X 249162000 1782000 28368000 4594000 8354000 0 266364000 222675000 1736000 39542000 4464000 10327000 0 249162000 239794000 1374000 -2822000 4405000 11266000 0 222675000 237328000 1911000 14838000 4184000 10099000 0 239794000 211531000 3202000 35377000 3973000 8809000 0 237328000 0.13 0.35 0.52 0 0 1026921 10873759 11900680 0 255813693 87584475 168229218 0 0 0 0 0 11554589 9562715 1991874 0 15536141 11173833 4362308 186484080 0 60280 F Equities - Domestic 39884753 F Equities - International 52720130 F Private Equities 9768939 F Alternative Strategies 32239416 F Real Assets 12324900 F Beneficial Interest in Perpetual Trusts 4284271 F Timber 23141952 F Other 757309 F 175181950 0 Annuities Payable 2967451 Deposits and Deferred Credits 4823771 Advances from Federal Government 1237815 Accrued Post Retirement Benefits 27708502 36737539 X 103094339 0 0 0 0 0 103094339 0 55699126 55699126 158793465 93401112 0 0 0 0 0 93401112 0 39129910 39129910 132531022 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 positions for the years ended June 30, 2018 and 2017 and determined that there were no uncertain tax positions that would have a material impact on the College's consolidated financial statements. Schedule D, Part XI, Line 4b Student financial aid ($39,129,910); permanent gifts and grants ($1,935,160); realized gain on investments ($14,634,056). Schedule D, Part XII, Line 4b Student financial aid ($39,129,910). 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 and the U.S. Department of Agriculture. Central America and the Caribbean 0 0 Program Services Education - Study Abroad 96241 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 86700 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 391402 South America 0 0 Program Services Education - Study Abroad 25830 0 0 600173 0 0 0 0 0 0 1 Tuition Waivers 90 1461140 Institutional Grants 1942 37668770 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Stephen R Briggs President 427243 0 115197 0 3564 0 27000 0 46424 0 619428 0 0 0 Brian I Erb Treasurer/V P for Finance 356243 0 73868 0 1242 0 27000 0 44069 0 502422 0 0 0 Bettyann M O'Neill V P Office of Advancement 269271 0 44118 0 2733 0 27000 0 26374 0 369496 0 0 0 Joyce Heames Dean Campbell School of Business 207986 0 0 0 2083 0 20808 0 12653 0 243530 0 0 0 Gary Waters Assistant to the President 179978 0 0 0 3285 0 18800 0 30566 0 232629 0 0 0 Debbie E Heida V P of Student Affairs 190106 0 0 0 1814 0 18550 0 14698 0 225168 0 0 0 Nancy Rewis V P of Marketing and Communication 187231 0 0 0 698 0 0 0 29847 0 217776 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. 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 0 1 1 1 SunTrust Bank 20 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-06/01/2018 95,339,200 Development Authority of Floyd County The issue was a current refunding and all bond proceeds have been spent. Therefore the rebate calculation does not need to be performed. Alexander Gray Goodson Nephew of J Barry Griswell 15990 Scholarships Financial Aid Kimberly Bushnell Wife of Brandon Bushnell, Trustee 46000 Employment - Adjunct Faculty 0 X 73768 FMV X 1 1600 FMV X 16 269137 FMV X Materials and Supplies 6 2982 FMV X Equipment 5 22370 FMV X Animals 3 13399 FMV 0 0 1 0 Form 990, Part VI, Section A, Line 2 Trustees D. Randolph Berry and Martha Berry 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, LLP 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 VII, Section A, Line 1a The Trustees contribute their time and service upon request and on an as-needed basis, which throughout the year, may differ from the average number of hours per week. Form 990, Part XI, Line 9 Change in value of interest rate swap agreements (4,466,981); current year utilization of current/prior year cumulative gains (-13,950,270); decrease in post retirement benefit obligation (1,497,521); and other (-20,964). Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA 6150 499909 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA -58283 0 N/A