2018-05-14T09:37:47-07:00 2017-06-30 990 2016-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian I Erb Vice President for Finance 7062362265 2018-05-14 2016 2022-09-23 18:48:47Z Stephen R Briggs PO Box 490129 Mount Berry GA 30149 175746762 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. 25 25 3059 0 0 0 8490854 9014665 93977124 95775947 38831146 43514425 877092 753307 142176216 149058344 36053780 37735165 0 0 49665006 50865265 0 0 3535596 41570783 40341598 127289569 128942028 14886647 20116316 1131586767 1162425895 179531065 163340855 952055702 999085040 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 30143126 0 69564379 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. (2,255 students) 14534278 0 22892104 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. (2,255 students) 28162759 0 2358413 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". (2,255 students) 37735165 37735165 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. (2,255 students) 0 0 961051 Higher Education: Other program service revenue. 37735165 37735165 961051 110575328 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 0 0 1 0 0 0 1 0 0 0 0 1 3151 0 1 3059 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 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 D Randolph Berry Trustee 0 0 X 0 0 0 Sheryle J Bolton 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 Karen Holley Horrell 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 Peter M Musser Trustee 0 0 X 0 0 0 William L Pence 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 547799 0 65584 Brian I Erb Treasurer/V P for Finance 40 0 X 393210 0 63624 Alexander W Whitaker IV Secretary/Chief of Staff 40 0 X 65885 0 13334 R Daniel Price Secretary 40 0 X 118537 0 29689 Bettyann M O'Neill V P Office of Advancement 40 0 X 335290 0 37250 John R Grout Dean Campbell School of Business 40 0 X 164559 0 41825 Debbie E Heida V P of Student Affairs 40 0 X 181506 0 31560 Gary Waters VP of Enrollment Management 40 0 X 177097 0 48057 Paula Englis Professor of Management 40 0 X 176526 0 28701 2160409 0 359624 42 0 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 7868264 ARAMARK Service Master Management 24818 Network Pl Chicago IL 60673 Housekeeping 236426 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 171059 Comcast Communications P O Box 530098 Atlanta GA 30353 Cable Service 163339 Coxe Curry & Associates Inc 191 Peachtree St NE Ste 450 Atlanta GA 30303 Consulting 114021 7 0 0 0 0 432342 8582323 684262 9014665 Tuition and Fees 611310 69564379 69564379 0 0 Sales and Service Auxiliary 611310 22892104 22892104 0 0 Sales and Services Educational 611310 2358413 2358413 0 0 961051 961051 0 0 95775947 35460565 0 0 35460565 0 0 0 0 0 0 0 0 637077 0 0 0 637077 0 637077 0 0 637077 34854794 -112516 26688418 0 8166376 -112516 8053860 0 0 8053860 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending Machines 611310 7282 0 0 7282 Other Investment Income 611310 38843 0 0 38843 70105 0 0 70105 116230 149058344 95775947 0 44267732 0 0 37735165 37735165 0 0 0 0 1255048 0 991488 263560 0 0 0 0 37962618 31285689 5274774 1402155 2673468 2074535 473157 125776 6564251 4967867 1261143 335241 2409880 1824604 462368 122908 0 0 0 0 12836 0 12836 0 179059 0 179059 0 0 0 0 0 0 0 0 0 0 0 10467716 9438186 813328 216202 147992 25820 96516 25656 4849376 3522192 1048475 278709 1551652 900249 514608 136795 0 0 0 0 3519765 2197276 1242078 80411 2816746 2282745 421861 112140 0 0 0 0 0 0 0 0 4599557 4677350 -77793 0 0 0 0 0 6361564 5514176 669437 177951 673492 0 673492 0 Maintenance of Buildings 2800778 2240622 420117 140039 2361065 1888852 354160 118053 128942028 110575328 14831104 3535596 1693828 1151757 1341539 2993065 11133790 12171652 2368960 2610572 0 0 0 0 5026435 9383989 642659 637960 645419 689678 289378049 102205359 182362282 187172690 744559513 788253109 181812342 157361423 0 0 0 0 0 0 1131586767 1162425895 34515127 24730929 0 0 0 0 102218200 98854200 0 0 0 0 0 0 1332425 655889 41465313 39099837 179531065 163340855 X 86259284 101130519 120742516 148148051 745053902 749806470 952055702 999085040 1131586767 1162425895 X 20116316 28427582 0 0 0 -1514560 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 188951000 9717000 26373000 3601000 9909000 0 211531000 0.13 0.37 0.5 0 0 1149198 10873759 12022957 0 243108167 82471266 160636901 0 0 0 0 0 11207306 9187904 2019402 0 23039619 10546189 12493430 187172690 0 62489 Equities - Domestic 34724653 F Equities - International 29642529 F Private Equities 10991423 F Alternative Strategies 37749807 F Real Assets 13671801 F Fixed Income and Other 4889961 F Beneficial Interest in Perpetual Trusts 3827515 F Timber 21066170 F Other 735075 F 157361423 0 Annuities Payable 3268914 Deposits and Deferred Credits 5093431 Advances from Federal Government 1531469 Accrued Post Retirement Benefits 29206023 39099837 X 100992247 0 0 0 0 0 100992247 0 48066097 48066097 149058344 91206863 0 0 0 0 0 91206863 0 37735165 37735165 128942028 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, 2017 and 2016 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 ($37,735,165); permanent gifts and grants ($2,277,072); realized gain on investments ($8,053,860). Schedule D, Part XII, Line 4b Student Financial Aid ($37,735,165). 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 172809 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 12924 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 281872 South America 0 0 Program Services Education - Study Abroad 4000 0 0 471605 0 0 0 0 0 0 1 Tuition Waivers 88 1555904 Institutional Grants 2077 36179261 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 417050 0 127185 0 3564 0 26500 0 44763 0 619062 0 75000 0 Brian I Erb Treasurer/V P for Finance 309108 0 83356 0 746 0 26500 0 42199 0 461909 0 50000 0 Bettyann M O'Neill V P Office of Advancement 259151 0 73525 0 2614 0 25300 0 25348 0 385938 0 50000 0 Debbie E Heida V P of Student Affairs 179811 0 0 0 1695 0 17550 0 14604 0 213660 0 0 0 Gary Waters VP of Enrollment Management 175315 0 0 0 1782 0 18300 0 30351 0 225748 0 0 0 Paula Englis Professor of Management 174233 0 2000 0 293 0 17423 0 11799 0 205748 0 0 0 John R Grout Dean Campbell School of Business 146955 0 16619 0 985 0 17093 0 25320 0 206972 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 2013-11-20 109452000 Current Refunding 0 0 0 A 0 0 109452000 0 0 0 372000 0 0 0 109080000 0 2013 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 1 SunTrust Bank 24.5 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-11/20/2013 109,452,000 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 15940 Scholarships Financial Aid Jessica Sarah Goodson Niece of J Barry Griswell 21956 Scholarships Financial Aid X 2135 FMV X 17 559538 FMV X 4 65520 FMV X Materials and Supplies 19 16642 FMV X Equipment 7 25479 FMV X Animals 3 14948 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 (9,867,563); current year utilization of current/prior year cumulative gains (-13,597,510); decrease in post retirement benefit obligation (2,540,052); and other (-324,665). Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA 1697 493759 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA -34072 0 N/A