2019-05-10T15:47:28-05:00 2018-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2017-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 DAVID A BROWNING VP FOR ADMIN AND FINANCE 2523996328 2019-05-10 MARK WOOLWINE P00647446 5404433606 2019-05-07 206.248.228.130 2019-05-10 13:13:04 ED P F75A4857B52D28EE9D0B6B28B386CC6B9346B41E CE530EA759AC3AF6BB0EECEF8950573E07121913 2017 2019-02-21 02:37:17Z DOUGLAS N SEARCY PO BOX 5000 WILSON NC 278937000 42019090 0 X WWW.BARTON.EDU X 1902 NC LOCATED IN WILSON, NORTH CAROLINA, BARTON COLLEGE IS AN ACADEMIC COMMUNITY OF APPROXIMATELY 1,000 STUDENTS AND 200 FACULTY AND STAFF. NATIONALLY RECOGNIZED FOR ITS PROGRAMS IN EDUCATION, DEAF EDUCATION, NURSING, AND SOCIAL WORK AND ITS CHAMPIONSHIP MEN'S ATHLETICS TEAMS, THE SCHOOL MAINTAINS A CLOSE-KNIT ATMOSPHERE AND EMPHASIZES INDIVIDUAL ATTENTION AND ENGAGED LEARNING. THE 65-ACRE CAMPUS IS HOME TO BARTON BULLDOGS VARSITY ATHLETICS AND BOASTS FIVE RESIDENCE HALLS, THE W.N. HACKNEY LIBRARY, THE KENNEDY RECREATION & INTRAMURAL CENTER, AND OTHER STATE-OF-THE-ART FACILITIES. IN 1923 THE COLLEGE ADOPTED THE WORDS HABEBUNT LUMEN VITAE - "THEY SHALL HAVE THE LIGHT OF LIFE" - AS ITS OFFICIAL COLLEGE MOTTO. IN 1955, THE COLLEGE WAS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. 28 28 693 0 0 0 2860391 6229293 31844893 29892156 2688851 5289761 371208 607880 37765343 42019090 11770683 11891535 0 0 13014156 13703653 0 0 1080586 12490268 13613820 37275107 39209008 490236 2810082 71110405 89097515 18300733 37088621 52809672 52008894 X BARTON COLLEGE IS COMMITTED TO PROVIDING PROGRAMS AND OPPORTUNITIES TO ENCOURAGE THE INTELLECTUAL, SPIRITUAL, SOCIAL, AND CULTURAL DEVELOPMENT OF ITS STUDENTS AND TO CHALLENGE THEM FOR FUTURE LEADERSHIP AND SERVICE TO THEIR LOCAL AND GLOBAL COMMUNITIES. 0 0 10383958 26333248 INSTRUCTION: ACCREDITED ACADEMIC PROGRAMS WITH 39 MAJORS AND 33 MINORS FOR UNDERGRADUATES, 7 PROFESSIONAL PROGRAMS, AND 4 GRADUATE DEGREE PROGRAMS. AWARDED 263 DEGREES IN 2017-18. SERVING APPROXIMATELY 1,000 UNDERGRADUATES. 2771793 4166788 AUXILIARY SERVICES: ROOM, BOARD, AND BOOKSTORE. 11891535 11891535 INSTITUTIONAL AID AND SCHOLARSHIPS FROM ENDOWMENT, RESTRICTED SCHOLARSHIPS, AND INSTITUTIONAL DISCOUNT. 7599462 STUDENT SERVICES; ENROLLMENT SERVICES, FINANCIAL AID, POST OFFICE, CO-CURRICULAR ACTIVITIES IN STUDENT LIFE, AND COLLEGIATE ATHLETICS (NCAA DIVISION II WITH 8 MEN'S VARSITY TEAMS AND 8 WOMEN'S VARSITY TEAMS). 7599462 32646748 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 145 0 1 693 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID A BROWNING 2523996328 311 HARPER HALL WILSON NC 278937000 MR WILLIAM DENNIS ADAMS III TRUSTEE 2.00 X 0 0 0 MR FRANK BATTEN TRUSTEE 2.00 X 0 0 0 DR SUSAN K BLUE TRUSTEE 2.00 X 0 0 0 MR JOHN C BRANTLEY III TRUSTEE 2.00 X 0 0 0 MRS JOSEPHINE M BROWN TRUSTEE 2.00 X 0 0 0 DR ROBERT B CAYTON TRUSTEE 2.00 X 0 0 0 MR JAMES EARL COBB JR TRUSTEE 2.00 X 0 0 0 MRS LINDA DAWSON CONNOR TRUSTEE 2.00 X 0 0 0 MR SCOTT C CRUIKSHANK TRUSTEE 2.00 X 0 0 0 MR BARRY F DILLEHAY TRUSTEE 2.00 X 0 0 0 MR DAVID A EVANS JR TRUSTEE 2.00 X 0 0 0 MR DONALD I EVANS TRUSTEE 2.00 X 0 0 0 DR HARLOW Z HEAD TRUSTEE 2.00 X 0 0 0 MR GARETH CARL HOSFORD TRUSTEE 2.00 X 0 0 0 MR KENNETH DURWOOD KENNEDY III TRUSTEE 2.00 X 0 0 0 MR JOHN FLOYD LEE BOARD CHAIR 2.00 X 0 0 0 MRS TRACY O MITCHELL TRUSTEE 2.00 X 0 0 0 MR JAMES SELBY PRIDGEN TRUSTEE 2.00 X 0 0 0 MR THOMAS E QUINN TRUSTEE 2.00 X 0 0 0 MR ERIC SELLERS TRUSTEE 2.00 X 0 0 0 MR L DAIL TURNER TRUSTEE 2.00 X 0 0 0 MR E JEROME VICK TRUSTEE 2.00 X 0 0 0 MR D STUART WALSTON JR TRUSTEE 2.00 X 0 0 0 DR PHILIP H WARREN TRUSTEE 2.00 X 0 0 0 DR GARNETT B WHITEHURST BOARD VICE CHAIR 2.00 X 0 0 0 MRS SHEILA BARKER WIGGINS TRUSTEE 2.00 X 0 0 0 MR LUKE DANIEL WILKINS TRUSTEE 2.00 X 0 0 0 MRS ANNE M ODDEN TRUSTEE 2.00 X 0 0 0 DR DOUGLAS SEARCY PRESIDENT 50.00 X 253092 0 64494 MR DAVID BROWNING VP ADMINISTRATION AND FINA 50.00 X 145167 0 20178 DR GARY DAYNES PROVOST & VP FOR ACADEMIC 50.00 X 174815 0 16090 JAN MERIWETHER VP FOR INSTITUTIONAL ADVAN 50.00 X 145801 0 16407 GEORGE SOLAN VP FOR STUDENT ENGAGEMENT 50.00 X 102119 0 13333 RON LIEVENSE HEAD MEN'S BASKETBALL COACH 50.00 X 102964 0 20745 923958 0 151247 6 0 1 0 ARAMARK SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD & FACILITIES SERVICES 3434018 CT WILSON CONSTRUCTION CO INC 150 GOLDEN DRIVE SUITE 200 DURHAM NC 27705 CONSTRUCTION 503569 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 ENROLLMENT MANAGEMENT 303262 CITY OF WILSON PO BOX 2407 WILSON NC 27894 SECURITY SERVICES 284821 STYLE MASTERS CHARTER 3210 N TILGHMAN RD WILSON NC 27896 TRANSPORTATION SERVICES 188100 8 217224 6012069 61773 6229293 TUITION AND FEES 611310 25725368 25725368 HOUSING, FOOD AND OTHER SERVICES 611710 4166788 4166788 29892156 1008810 1008810 4280951 0 4280951 4280951 4280951 OTHER INCOME 611710 607880 607880 607880 42019090 30500036 0 5289761 X 11891535 11891535 851891 700506 151385 10378670 9325511 556980 496179 391000 319664 44707 26629 1321784 1037473 237710 46601 760308 609571 100877 49860 32583 32583 75722 75722 4224926 3983527 241399 88130 88130 1152665 657407 442055 53203 687901 599561 76141 12199 173879 171897 1692 290 534376 534376 1712309 976592 656682 79035 185222 185222 OPERATIONS & MAINTENANC 1955467 1115274 749935 90258 PROGRAM AND OFFICE SUPP 1094537 1040603 23160 30774 BAD DEBTS 631684 631684 BOOK PURCHASES FOR RESA 266425 266425 797994 651708 102113 44173 39209008 32646748 5481674 1080586 1881189 1637875 1341081 321961 1880384 4443053 1213548 869686 511188 432720 33937 46074 162945 233778 65851813 29234364 34581947 36617449 28124186 29106087 1380000 15388832 71110405 89097515 1630696 3025604 1025085 893892 5000000 24845220 9060000 6855180 1584952 1468725 18300733 37088621 X 14405976 15417951 12489677 8957322 25914019 27633621 52809672 52008894 71110405 89097515 2810082 -3610860 0 X X 0 1 X 1 1 1 X 2452352 4101379 12216704 2860391 6229293 27860119 2452352 4101379 12216704 2860391 6229293 27860119 8048279 19811840 1075356 1006955 730350 893545 1008810 4715016 268920 238855 322662 371208 607880 1809525 34384660 0.57620 0.53210 X SCHEDULE A, PART II THE COLLEGE IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, THE COLLEGE HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY THE 33 1/3% SUPPORT TEST OF SECTIONS 509(A)(1)/170(B)(1)(A)(VI) NEED ONLY LIST THE GREATER OF (1) $5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE COLLEGE HAS CHECKED SCHEDULE A, PART 1, BOX 7 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. THE COLLEGE CONTINUES TO QUALIFY AS A SCHOOL. 28178934 605734 1603179 1281393 29106454 25859405 842020 2663411 1185902 28178934 28964495 671102 -436976 3339216 25859405 28720632 765643 813098 1334878 28964495 25481294 515206 3290753 566621 28720632 0.01220 0.86950 0.11830 0 0 4057046 4057046 44482860 20680110 23802750 11455150 6071580 5383570 5856757 2482674 3374083 36617449 ALTERNATIVE INVESTMENTS 2036003 F DEBT SECURITIES 8454409 F EQUITY SECURITIES 18615675 F 29106087 LAND HELD FOR RESALE 37000 BOND PROCEEDS HELD IN TRUST 14626554 PERPETUAL TRUSTS HELD BY OTHERS 725278 15388832 ASSET RETIREMENT OBLIGATION 1019330 STUDENT LOAN ADVANCES 270959 DEPOSITS AND STUDENT CREDIT BALANCES 94248 CAPITAL LEASE PAYABLE 84188 1468725 X 26440973 -3610860 -11891535 -15502395 41943368 75722 75722 42019090 27241751 0 27241751 75722 11891535 11967257 39209008 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS EXCEPT ON INCOME UNRELATED TO ITS EXEMPT FUNCTION, IF ANY. IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE COLLEGE, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2018 AND 2017 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE COLLEGE IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS -11,891,535. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 11,891,535. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ADVERTISEMENTS FOR OPEN POSITIONS, THE COLLEGE CATALOG (WHICH IS ALSO ON THE WEBSITE), AND ALL FINANCIAL AID PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL AND STATE AWARDS FROM THE STATE OF NORTH CAROLINA AND THE US DEPARTMENT OF EDUCATION FOR THE PURPOSE OF STUDENT GRANTS, LOANS AND SCHOLARSHIPS. 1 SCHOLARSHIPS AND GRANTS 854 11891535 PART I, LINE 2: SCHOLARSHIPS AND FINANCIAL AID FUNDS ARE AWARDED BY THE FINANCIAL AID DEPARTMENT AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. STUDENT ACCOUNT BALANCES ARE THEN MONITORED BY THE BUSINESS OFFICE AND STUDENT ELIGIBILITY AND ACADEMIA ARE MONITORED BY THE REGISTRAR. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR DOUGLAS SEARCY PRESIDENT 253092 0 0 0 0 0 9511 0 54983 0 317586 0 0 0 MR DAVID BROWNING VP ADMINISTRATION AND FINA 145167 0 0 0 0 0 6550 0 13628 0 165345 0 0 0 DR GARY DAYNES PROVOST & VP FOR ACADEMIC 174815 0 0 0 0 0 6763 0 9327 0 190905 0 0 0 JAN MERIWETHER VP FOR INSTITUTIONAL ADVAN 145801 0 0 0 0 0 6453 0 9954 0 162208 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. ADDITIONALLY, THE PRESIDENT WAS PROVIDED A MEMBERSHIP AT A LOCAL COUNTRY CLUB TO BE USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. USE OF THE MEMBERSHIP IS WELL DOCUMENTED. A PUBLIC FINANCE AUTHORITY 273866124 74443DDS7 2018-06-20 25372752 REFINANCE EXISTING BONDS AND CAMPUS RENOVATIONS 0 0 0 A 25372752 1656736 1263158 9400000 506187 12546671 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 X 12 61773 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE WILL REVIEW AND APPROVE THE 990 PRIOR TO FILING. IN ADDITION, THE 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS CONFLICT OF INTEREST STATEMENTS AS THEY ARE SUBMITTED BY THE TRUSTEES. THE EXECUTIVE COMMITTEE MEETS SEVERAL TIMES DURING THE YEAR. AS STATED IN THE BYLAWS, ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH THE TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SAID MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER HE/SHE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS, AND THE EXECUTIVE COMMITTEE SHALL RESOLVE THE QUESTION BY AFFIRMATIVE VOTE OF A MAJORITY OF ITS MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CEO (PRESIDENT) IS LED BY THE EXECUTIVE COMPENSATION COMMITTEE AND TRUSTEESHIP COMMITTEE OF THE BOARD. THESE COMMITTEES MEET WITH FACULTY, STAFF, STUDENTS AND ADMINISTRATORS TO EVALUATE THE PRESIDENT'S JOB PERFORMANCE. THEY ALSO REVIEW THE PRESIDENT'S ANNUAL REPORT TO ASSESS ACCOMPLISHMENTS. COMPENSATION SURVEYS FROM NATIONAL AND STATE INSTITUTIONS (COLLEGES AND UNIVERSITIES PERSONNEL ASSOCIATION AND NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES) ARE REVIEWED TO DETERMINE A REASONABLE COMPENSATION RANGE. THE PRESIDENT DETERMINES THE COMPENSATION FOR ALL OTHER KEY EMPLOYEES AND RECEIVES EVALUATIONS FROM THEIR DIRECT REPORTS. HE ALSO USES COMPENSATION INFORMATION FROM NATIONAL AND STATE SURVEYS TO DETERMINE APPROPRIATENESS OF COMPENSATION LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART IX, LINE 11G FACILITIES SERVICES CONTRACT: PROGRAM SERVICE EXPENSES 1,648,856. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,648,856. FOOD SERVICE CONTRACT: PROGRAM SERVICE EXPENSES 1,568,067. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,568,067. OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 766,604. MANAGEMENT AND GENERAL EXPENSES 241,399. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,008,003. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.