2017-05-12T10:51:39-05:00 2016-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2015-07-01 570314404 Newberry College NEWB 8032765010 2100 College Street Newberry SC 29108 Kathy Worster VP of Business Affairs/CFO 8032765010 2017-05-12 1 Francis K Brown II P00465640 6785185301 2015 2021-01-29 14:40:06Z Maurice Scherrens 2100 College Street Newberry SC 29108 39775378 0 X www.newberry.edu X 1856 SC Provide undergraduate education for approximately 1,000 students. 25 24 496 25 0 0 3529673 2648707 34562619 35906367 403245 -392697 -18206 -1682 38477331 38160695 13798915 14108566 0 0 11607926 11689350 126628 78245 160414 16042184 15038617 41575653 40914778 -3098322 -2754083 52208339 51009600 28809982 30500398 23398357 20509202 X Newberry College challenges and nurtures students for lifetimes of service and leadership through intellectual transformation, social development, a culture of physical well-being, and spiritual growth by providing a Christian education in the Lutheran tradition. 0 0 21457338 14108566 26514716 InstructionNewberry College has a rich tradition of providing personal attention, challenging academic programs, and a close-knit community that welcomes everyone. We combine our strong liberal arts foundation with specialized professional degree programs to prepare students such as you for successful futures. Newberry College prepares students in the Lutheran liberal arts tradition through our supportive academic community for lifelong intellectual and personal development, meaningful vocation, and engaged citizenship in the global society.Intellectual DevelopmentStudents will acquire, develop, and demonstrate:-knowledge of the arts, sciences, and humanities as ways of understanding the world and our place in it.-effective oral and written communication skills.-critical thinking and quantitative analytical skills necessary for interpreting information and solving problems in a 21st-century global society.-proficiency in information literacy.Personal DevelopmentStudents will acquire, develop, and demonstrate:-the ability to work with others as leaders or as members of a team to accomplish common goals in a diverse society.-an understanding of the heritage of the Christian faith and its contribution to humane problem solving in the evolving global community.-moral reasoning skills essential for making life choices that balance personal freedoms and societal responsibilities.-the knowledge, attitudes, and habits that contribute to a healthy lifestyle.Meaningful VocationStudents will acquire, develop, and demonstrate:-knowledge of the history, methods of inquiry, and current intellectual claims of a chosen specific discipline or interdisciplinary area of study.-knowledge and skills that foster life-long personal growth and professional development in their vocational pursuits.Engaged Citizenship in a Global SocietyStudents will acquire, develop, and demonstrate:-the values necessary for effective citizenship.-the skills and historical knowledge to think critically about complex national and global issues.-the qualities of personal and social responsibility necessary to sustain and deepen democracy.NOTEWORTHY:NEWBERRY COLLEGE RANKED AMOUNG NATION'S BESTSeptember 22, 2015 Newberry College has been ranked on the 2016 U.S. News & World Report Best Colleges rankings, which it released on Wednesday, Sept. 9. The College earned two top rankings in the national magazine's annual report, finding itself on the lists for the following:Best Colleges in the South (#41)South's Best Colleges for Veterans (#28)NEWBERRY COLLEGE TO PARTNER WITH CHARLESTON SCHOOL OF LAWApril 29, 2016Newberry College has entered into an educational agreement with the Charleston School of Law as part of a joint effort to expand opportunities for students interested in pursuing the study of law and to make those studies more affordable. "We feel strongly this will be a good fit for Newberry College students," said J. Edward Bell III, president of the Charleston School of Law. The agreement, which goes into effect immediately, will award a $5,000 renewable scholarship to graduates of Newberry College who are admitted to the Charleston School of Law. The scholarship will be awarded to Newberry College graduates in addition to any other financial awards the student may receive. "Partnerships of this nature offer our students and graduates a blended pathway to experience the best of both worlds," said Newberry College President Dr. Maurice Scherrens, who is a strong advocate of graduate and professional school articulation agreements. This Charleston School of Law partnership is the latest among a growing list of partnerships aimed at expanding career opportunities for Newberry College students. Additional opportunities include articulation agreements with the following institutions:Clemson University: Engineering BS-Mathematics to BS-EngineeringDuke University Forestry: Environmental Studies BS-Biology to Master of Forestry or Master of Environmental ManagementPresbyterian College: Pharmacy (PharmD)BS-Biology to Doctor of PharmacyLenoir-Rhyne University: Clinical Mental Health Counseling Streamlined admission to MALenoir-Rhyne University: Human Services Streamlined admission to MALenoir-Rhyne University: Athletic Training Education Streamlined admission to MS "These agreements allow Newberry College students to experience all the advantages of receiving their undergraduate education at a small liberal arts college while gaining access to some of the finest graduate and professional schools in the country," Scherrens said.NEWBERRY COLLEGE EXPANDS NURSING PROGRAMFebruary 4, 2016Newberry College has expanded its nursing program to increase the number of candidates admitted to the Pre-Licensure Nursing major by one third.NEWBERRY COLLEGE LAUNCHES NEW MAJOR IN HEALTHCARE MANAGEMENTFebruary 24, 2016Newberry College has added Healthcare Management as a new Business major. The program focuses primarily on the policies and processes outside of direct patient care. NEWBERRY COLLEGE LAUNCHES NEW MAJOR IN CRIMINAL JUSTICEFebruary 24, 2016Newberry College has added the Criminal Justice major to its programs of study. Criminal Justice has been a minor at Newberry College since 1997 and has maintained annual enrollment of approximately 25 students for the past five years. With steadily increasing interest in the major, the faculty and Board of Trustees approved the new major for the fall 2016 semester. 7966591 579757 Student ServicesAt Newberry College, learning takes place both inside and outside the classroom. No matter where you are -- on-campus, in-town, or off-the-beaten path, you'll exchange ideas and build relationships with faculty, students, and community members alike. You'll discover the "classroom" extends far beyond ivy-covered walls to the greater Newberry community, region, and world. Live, learn, play, and get a whole life education at Newberry. The Office of Residence Life encourages community and individual growth through effective residential programming and community involvement. We strive to create an environment that you call home and a community that feels like a family. We believe this residential culture is imperative to our mission and an important part of your learning process. We support you by providing everything you need to be successful including academic assistance, career guidance, health care, development, community service involvement, and academic excellence. Greek organizations are governed by their respective councils; IFC, NPC, and NPHC.NOTEWORTHY:NEWBERRY HONORED AS ECAC DIVISION II FOOTBALL TEAM OF THE YEARby Josh Manck, Assistant AD for Athletic Communications - March 2, 2016The Newberry College Wolves' football team was honored by the Eastern College Athletic Conference as the ECAC's Division II Team of the Year at the Eastern College Football Awards Banquet at MetLife Stadium in East Rutherford, N.J., on Thursday, February 25. 4658655 8713812 Auxiliary EnterprisesYour dining experience is more than great food. It is community experience centered on culinary expertise, fresh ingredients, healthy options and a shared sense of environmental and social responsibility. Our team is committed to creating the best possible dining experience. Join us to experience the comfort, convenience, outstanding food and inviting atmosphere designed especially for you.NOTEWORTHYNewberry College Adds Chick-fil-A Express to Campus Dining Options for Fall 2016April 11, 2016Newberry College will bring an eagerly anticipated new dining option to campus with the arrival of Chick-fil-A Express beginning fall 2016 semester. 874862 98082 Academic SupportNOTEWORTHYPRESIDENT SCHERRENS NAMES TO BOARD OF TRUSTEES FOR NATIONAL HIGHER EDUCATION ACCREDITING AGENCYJanuary 29, 2016Newberry College President Dr. Maurice Scherrens has been elected to the South Carolina delegation of the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).NEWBERRY COLLEGE UNVEILS NEW PROGRAM TO HELP STUDENTS PURSUE THEIR PASSIONSeptember 29, 2015Newberry College has launched a new program designed to give students the freedom to pursue their academic and vocational goals by easing their worries about repaying student loans after graduation. After three years offering the Newberry College Tuition Promise, which guaranteed incoming students no tuition increases during their four years of undergraduate study, Newberry College now unveils the innovative Loan Repayment Promise. The Newberry College Loan Repayment Promise offers a powerful safety net to students and their families by promising to help repay their education loans. If the graduate earns less than $36,000 a year working at least 30 hours per week after graduation, Newberry College will help repay their student loans until they reach that salary.Newberry College is the first higher education institution in South Carolina to offer this innovative type of loan repayment assistance. The program will be provided to all incoming freshmen and transfer students beginning with the Fall 2016 semester. 98300 Public ServiceNOTEWORTHY:NEWBERRY COLLEGE STUDENTS OFFER FREE ASSISTANCE DURING TAX SEASONFebruary 8, 2016Hearing the word "taxes" may conjure negative thoughts for most people, but not for Newberry College Business students participating in the Volunteer Income Tax Assistance (VITA) program. NEWBERRY PROFESSOR, STUDENT RECEIVE SERVICE AWARDJuly 1, 2015Newbery College student Steven Joseph Arango and Dr Susan Shurden, assistant professor of Accounting, were nominated for the 2015 South Carolina Student Service Achievement Award and Faculty Award 973162 98082 35055746 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 1 1419 0 1 496 1 0 0 0 0 0 1 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 SC X Anissa Truesdale 8032765010 2100 College Street Newberry SC 29108 Mr Hugo A Hap Pearce II Board Chair 10.00 1.00 X X 0 0 0 Mr Joel M Carter Board Vice Chair 8.00 X X 0 0 0 Mr R Jonathan Shot Hart Treasurer 8.00 X X 0 0 0 Mr Fred B Johnston Secretary 8.00 X X 0 0 0 Mr Robert Best Trustee 5.00 X 0 0 0 Dr Laura N Black Trustee 5.00 X 0 0 0 Dr Joe Blair Trey Castles Trustee 5.00 X 0 0 0 Mr James P Coggins Trustee 5.00 X 0 0 0 Ms Barbara L Davis Trustee 5.00 2.00 X 0 0 0 Mr Larry Dibiase Trustee 5.00 X 0 0 0 Mr Eddie Havird Trustee 5.00 X 0 0 0 Mr Robert James Trustee 5.00 X 0 0 0 Ms Barbara Hartley Carey Trustee 5.00 2.00 X 0 0 0 Mr Frank Snyder Trustee 5.00 1.00 X 0 0 0 Mr Kevin Steelman Trustee 5.00 X 0 0 0 Mr Wililam Steen Trustee 5.00 X 0 0 0 Mr Joe Trainor Trustee/Exe Comm at Large 5.00 X 0 0 0 Ms Misty West Trustee 5.00 X 0 0 0 Dr Mark Wilhelm Trustee 5.00 X 0 0 0 The Rev Herman R Yoos III Trustee 5.00 X 0 0 0 Mr Eric Wells Trustee 5.00 X 0 0 0 Dr Mike Beggs Trustee 5.00 X 0 0 0 Mr Scott Berry Trustee 5.00 X 0 0 0 Mr Eddie Gunn Trustee 5.00 X 0 0 0 Ms Jean Haggard Trustee 5.00 1.00 X 0 0 0 Maurice Sherrens President 37.50 1.00 X 217500 0 29741 Kathy Worster VP Admin Affairs & CFO 37.50 X 133646 0 16587 Timothy Elston VPAA & Dean of College 37.50 X 122722 0 12678 James Scott Joyner VP Institutional Advancement 37.50 2.00 X 128543 0 19800 602411 0 78806 4 0 1 0 Sodexo 2100 College Street Newberry SC 29108 Facilities management 2641452 Aramark Services Inc PO Box 828441 Philadelphia PA 191828441 Food services 2330825 Net3 Technology Inc 105 N Spring St Ste 100 Greenville SC 29601 Information technology services 429103 Allied Barton Security Holdings 161 Washington St Conshohocken PA 19428 Security 164008 Immedion LLC 78 Global Drive Ste 100 Greenville SC 29607 Information technology services 153789 7 20701 94309 2533697 173766 2648707 Tuition and fees 611310 26083786 26083786 Auxiliary enterprises 611310 8713812 8713812 1108769 1108769 35906367 319418 319418 104106 104303 -197 -197 -197 793209 1505324 -712115 -712115 -712115 3571 20701 5056 -1485 -1485 38160695 35906367 0 -394379 14108566 14108566 683565 144441 539124 70841 70841 8857913 7709292 1148621 217874 178657 39217 1168204 966090 202114 690953 566581 124372 34786 34786 63750 63750 78245 78245 143210 143210 5395213 4518094 827169 49950 89693 70697 18996 575497 555514 19983 517949 87104 430845 3268395 2478506 789889 658715 650424 8291 21491 15781 5710 1096694 861212 235482 1246898 990482 256416 547210 268282 278928 Provison for bad debt 333881 333881 Athlectic expenses 320788 320788 Dues and fees 234849 166003 68846 Events 179588 138779 8590 32219 310010 189612 120398 40914778 35055746 5698618 160414 3851591 3170434 3959 2913 3334455 2446839 315305 477299 365000 145924 126259 64502454 39425318 23817635 25077136 14222857 11976569 3372161 4312224 1485661 1337440 1658791 1717487 52208339 51009600 1796119 2247913 495768 148965 536407 416303 25299598 26996507 682090 690710 28809982 30500398 X 2572384 641448 6352032 5137117 14473941 14730637 23398357 20509202 52208339 51009600 X -2754083 -112245 -22827 X X 0 1 X 1 1 1 X 2817480 3129956 6816534 3529673 2648707 18942350 2817480 3129956 6816534 3529673 2648707 18942350 1899086 17043264 -5407 -204041 451361 567117 423524 1232554 19628 3571 23199 20198103 165642461 0.84380 0.88190 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising event income - 2014 Amount: $ 19,628. 2015 Amount: $ 3,571. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69933 1387448 X X 0 14102044 358666 -613338 1060971 12786401 15126598 649786 450738 700894 1424184 14102044 15551406 290433 1083918 1799159 15126598 15171236 310717 945952 876499 15551406 17883820 229852 -516356 2426080 15171236 0.99590 0.00410 0 0 1591139 1591139 45018431 24285975 20732456 12917141 12784971 132170 4975743 2354372 2621371 25077136 Cash surrender value of life insurance 458597 F Alternative investments 379656 F Corporate bonds 3473971 F 4312224 U.S. government loan funds refundable 690710 690710 X 23883206 -112245 -14131393 -14243638 38126844 143210 -109359 33851 38160695 26772361 109359 109359 26663002 143210 14108566 14251776 40914778 Part III, Line 4: The Newberry College Archives-in the process of transforming a part-time effort into a formal records repository, research library, and outreach effort benefitting internal and external stakeholders-documents the history of the college, appraising, collecting, organizing, describing, and preserving records and other items of permanent institutional value; provides research assistance to administrators, faculty, staff, students, alumni, and the public; and interprets the history of Newberry College to the college community and the public. Preserving and interpreting the college's 160-year record of preparing students in the Lutheran liberal arts tradition for intellectual and personal development, meaningful vocation, and engaged citizenship makes a significant contribution to the institution's mission and helps shape its identity. Newberry College's Special Collections represent approximately 3,500 rare and unique print items donated to the library since its inception. The items represent historic assets as well as materials preserved by the library because of their scarcity, value or fragile condition. Like the archives, Newberry College's Special Collections represent the activities undertaken by the College throughout its history. Part V, Line 4: The College's endowments consist of approximately 456 individual funds established for a variety of purposes as a result of donor contributions. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2016, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The College files informational tax returns in the United States of America (U.S.). The College is generally no longer subject to U.S. federal tax examinations by tax authorities for years before 2013. Part XI, Line 2d - Other Adjustments: Tuition scholarships -14,108,566. Change in value of perpetual trusts -22,827. Part XI, Line 4b - Other Adjustments: Rental expenses -104,303. Fundraising event expenses -5,056. Part XII, Line 2d - Other Adjustments: Rental expenses 104,303. Fundraising event expenses 5,056. Part XII, Line 4b - Other Adjustments: Tuition scholarships 14,108,566. 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's racially non-discrimination policy is posted on the College's website Schedule E, Part I, Line 6 The College utilizes the Federal Supplemental Educational Opportunity Grant, Federal Direct Loans, Federal Pell Grants, Federal Work Study, Federal Perkins Loan, and TEACH Grants. The College has received the National Science Foundation Grant for Education and Human Resources. Lastly, the College has loans through the USDA: Community Facility Direct Loan, Community Facility Guaranteed Loan, and the Business and Industry Guaranteed Loan. Europe (Including Iceland & Greenland) 0 0 Program services Class curriculum trips 89204 Central America and the Caribbean 0 0 Program services Mission trip 16669 0 0 0 0 0 0 105873 0 105873 0 0 0 0 0 0 X X X X X X X 1 Coleman Lew 326 W 10th Street Charlotte NC 28202 Consulting 0 0 0 33647 Keller McIntyre 1156 Fifteenth Street NW Ste 525 Washington DC 42689 Consulting 0 0 0 26148 Jim Hale 2005 College Street Newberry SC 29108 Planned Giving 0 0 0 15375 75170 SC Golf Tournament 24272 20701 3571 400 1720 1925 925 86 24272 20701 3571 400 1720 1925 925 86 5056 -1485 Schedule G, Part I, Line 2b, column (iv): The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. 1 Scholarships 1093 14108566 Part I, Line 2: Awarded grants and scholarships are directly credited against the student's tuition balance. The Financial Aid Office tracks the amounts awarded and periodically runs reports to check for changes in eligibility for all outside grants or scholarships. X 1 1 X 0 0 0 0 0 0 0 0 0 Maurice Sherrens President 217500 0 0 0 0 0 0 0 30609 0 248109 0 0 0 Kathy Worster VP Admin Affairs & CFO 133646 0 0 0 0 0 6919 0 10344 0 150909 0 0 0 Part I, Line 1a Maurice Scherrens, President, receives a housing allowance. The house is located on the College campus, it is provided for the convenience of the College and is a condition of employement. It is not considered taxable income. 500 Tuition assistance Financial assistance Barbara Joyner Family member of James Scott Joyner, VP Institutional Advancement 45917 Compensation and benefits 0 Sandra J Scherrens Family member of Maurice Sherrens, President 24000 Compensation 0 Oakland Mill Master Tenant LLC Entity more than 35% owned by Misty West, Trustee of organization 1032000 Rental of facilities 0 West Electrical CompanyWest Developemnt Company Entity more than 35% owned by Misty West, Trustee of organization 2042756 Rental of facilities and construction services 0 Schedule L, Part IV, Business Transactions with Interested Persons: Oakland Mill Master Tenant and West Electrical Company/West Development are 100% owned by Misty West and family members. X 1 78300 Appraisal X 1 69933 Appraisal X Miscellaneous 29 14506 Cost X Equipment 5 11027 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee shall have six (6) members, all of whom shall be voting Trustees, except for the President who shall be ex officio without vote and not counted as part of a quorum for the purpose of transacting business. The Chair, Vice Chair, Secretary and Treasurer of the Board of Trustees shall be members. The purpose of the Executive Committee is twofold: 1) It shall serve at the pleasure of the Board as its agent, to address the business of the Board between Board meetings; and 2) It shall assist the Chair and the President in their joint responsibility to help the Board to function effectively and efficiently by suggesting Board meeting agenda items and periodically assessing the quality of Board Committees work. The Executive Committee shall have authority to act for the Board of Trustees on all matters except for the following which shall be reserved for the Board: presidential selection and termination; Trustee and Board officer selection; changes in institutional mission and purposes; changes to the Charter, Constitution or these Bylaws; incurring of corporate indebtedness; sale of College assets or tangible property; adoption of the annual budget; and conferral of degrees. These Bylaws or other Board policy may reserve other powers for the Board of Trustees. In addition to its authority to take action on emergency matters which cannot or should not be deferred to the Board's next scheduled meeting, the Executive Committee shall oversee the work of Board Committees, the College's planning process or progress on planning goals, the Board's responsibility to support the President and assess his or her performance, and review annually the President's compensation and conditions of employment. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's CFO and Director of Financial Reporting. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Chairman of the Board of Trustees, President, CFO, Vice Chairman of the Board of Trustees, and Treasury of the Board of Trustees is responsible for reviewing signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The independent Board of Trustees determines the compensation for the President. The approval process is documented. The President sets the compensation for the other officers and informs the Board of the compensation, he is independent. Form 990, Part VI, Section C, line 19 The College's bylaws, constitution and conflict of interest policy are made available to the public upon request. The financial statements are not made available to the public. Form 990, Part VI, Section B, Line 14: The College adopted a written document retention and destruction policy during the subsequent reporting period, fiscal year ending 06/30/2017. Form 990, Part XI, line 9: Change in value of perpetual trusts -22,827. Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Newberry College Foundation Inc 2100 College Street Newberry SC 29108 576026382 To support the mission of the College SC 501(c)(3) Line 11a, I Newberry College 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Newberry College Foundation Inc D Newberry College Foundation Inc K