2017-05-15T10:30:13-07:00 2016-06-30 990 2015-07-01 580566133 BERRY COLLEGE INC BERR 7062362265 PO Box 490129 Mount Berry GA 301490129 Brian I Erb Vice President for Finance 7062362265 2017-05-15 2015 2021-01-29 14:40:06Z Stephen R Briggs Berry College Inc P O Box 490129 Mount Berry GA 30149 162090552 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 3037 0 0 0 8336675 8490854 88346654 93977124 34996744 38831146 1079820 877092 132759893 142176216 33393981 36053780 0 0 48104486 49665006 0 0 3463292 40299355 41570783 121797822 127289569 10962071 14886647 1067149081 1131586767 169753672 179531065 897395409 952055702 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 29690658 0 68000025 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. (2,193 students) 14742112 0 22547179 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. (2,193 students) 28413750 0 2396597 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". (2,193 students) 36053780 36053780 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. (2,193 students) 0 0 1033323 Higher Education: Other program service revenue. 36053780 36053780 1033323 108900300 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 3143 0 1 3037 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 Karen Holley Horrell Trustee 0 0 X 0 0 0 Cecil B Wright III Trustee 0 0 X 0 0 0 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 Dan T Cathy 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 Timothy John Goodwin 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 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 Stephen R Briggs President 40 0 X 537555 0 139196 Brian I Erb Treasurer/V P for Finance 40 0 X 370236 0 112905 Alexander W Whitaker IV Secretary/Chief of Staff 40 0 X 114193 0 24228 Bettyann M O'Neill V P Office of Advancement 40 0 X 325662 0 88769 Kathy Richardson Provost 40 0 X 217487 0 32238 John R Grout Dean Campbell School of Business 40 0 X 172421 0 41342 Debbie E Heida V P of Student Affairs 40 0 X 175705 0 30926 Gary Waters VP of Enrollment Management 40 0 X 167249 0 48414 2080508 0 518018 37 0 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 8285866 Carter 171 17th Street Suite 1200 Atlanta GA 30363 Project Manager 1670183 ARAMARK Service Master Management 24818 Network Pl Chicago IL 60673 Housekeeping 232168 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 229420 Comcast Communications P O Box 530098 Atlanta GA 30353 Cable Service 158745 9 0 0 0 0 389500 8101354 769649 8490854 Tuition and Fees 611310 68000025 68000025 0 0 Sales and Service Auxiliary 611310 22547179 22547179 0 0 Sales and Service Educational 611310 2396597 2396597 0 0 1033323 1033323 0 0 93977124 34121264 0 0 34121264 0 0 0 0 0 0 0 0 627076 0 0 0 627076 0 627076 0 0 627076 24495304 128914 19914336 0 4580968 128914 4709882 0 0 4709882 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending and Copy Machines 611310 62165 0 0 62165 Other Investment Income 611310 27585 0 0 27585 160266 0 0 160266 250016 142176216 93977124 0 39708238 0 0 36053780 36053780 0 0 0 0 1181804 0 933625 248179 0 0 0 0 37264011 30488576 5352594 1422841 2543301 1973846 449869 119586 6327521 4793152 1212152 322217 2348369 1779686 449260 119423 0 0 0 0 157527 0 157527 0 238320 0 238320 0 0 0 0 0 0 0 0 0 0 0 10429993 9877158 436740 116095 148672 15137 105493 28042 4987847 3543530 1141010 303307 1528750 970075 441353 117322 0 0 0 0 3443314 2133687 1230144 79483 2884500 2326577 440759 117164 0 0 0 0 0 0 0 0 4765034 4757865 7169 0 0 0 0 0 6458325 5590157 685853 182315 782157 0 782157 0 Maintenance of Buildings 2991133 2392906 448670 149557 2755211 2204168 413282 137761 127289569 108900300 14925977 3463292 877753 1693828 3199657 1341539 10692355 11133790 1787673 2368960 0 0 0 0 4040731 5026435 714328 642659 662290 645419 278382938 96020656 182536148 182362282 659952906 744559513 202685240 181812342 0 0 0 0 0 0 1067149081 1131586767 26765039 34515127 0 0 0 0 105424200 102218200 0 0 0 0 0 0 2005023 1332425 35559410 41465313 169753672 179531065 X 80034979 86259284 131886479 120742516 685473951 745053902 897395409 952055702 1067149081 1131586767 X 14886647 66261044 0 0 0 -26487398 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 191085000 11637000 -1082000 3103000 9586000 0 188951000 0.14 0.41 0.45 0 0 1263133 10873759 12136892 0 240577696 77315844 163261852 0 0 0 0 0 10829863 8868201 1961662 0 14838487 9836611 5001876 182362282 0 54975 Equities - Domestic 34361599 F Equities - International 39453747 F Private Equities 13584957 F Alternative Strategies 42211881 F Real Assets 13378352 F Timber 26017357 F Fixed Income and Other 8495451 F Beneficial Interest in Perpetual Trusts 3490058 F Other 763965 F 181812342 0 Annuities Payable 3151973 Deposits and Deferred Credits 4801521 Accrued Post Retirement Benefits 31746075 Advances From Federal Government 1765744 41465313 X 99371476 0 0 0 0 0 99371476 0 42804740 42804740 142176216 91235789 0 0 0 0 0 91235789 0 36053780 36053780 127289569 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, 2016 and 2015 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 ($36,053,780); permanent gifts and grants ($2,041,078); realized gain on investments ($4,709,882). Schedule D, Part XII, Line 4b Student Financial Aid ($36,053,780). 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 159988 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 71998 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 364103 Middle East and North Africa 0 0 Program Services Education - Study Abroad 3236 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Education - Study Abroad 3457 South America 0 0 Program Services Education - Study Abroad 23083 0 0 625865 0 0 0 0 0 0 1 Tuition Waivers 96 1177754 0 Institutional Grants 2061 34876026 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Stephen R Briggs President 407830 0 126161 0 3564 0 101500 0 42715 0 681770 0 75000 0 Brian I Erb Treasurer/V P for Finance 264613 0 104959 0 664 0 76500 0 40929 0 487665 0 50000 0 Bettyann M O'Neill V P Office of Advancement 250480 0 73525 0 1657 0 74700 0 26900 0 427262 0 50000 0 Kathy Richardson Provost 216120 0 0 0 1368 0 21000 0 11832 0 250320 0 0 0 John R Grout Dean Campbell School of Business 161327 0 10000 0 1094 0 17420 0 24516 0 214357 0 0 0 Debbie E Heida V P of Student Affairs 174082 0 0 0 1624 0 17000 0 14520 0 207226 0 0 0 Gary Waters VP of Enrollment Management 165562 0 0 0 1687 0 17500 0 31508 0 216257 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' contribution 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 17316 Scholarships Financial Aid X 31 729411 FMV X Materials and Supplies 19 21939 FMV X Animals 4 18299 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 ($-7,937,742); current year utilization of current/prior year cumulative gains ($-13,256,754); increase in post retirement benefit obligation ($-5,264,788); and other ($-28,114). Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA 83890 492062 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA -156250 0 N/A The institution and IRS approved an extension until May 15, 2017.