2016-05-13T15:31:06-05:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 DAVID BROWNING PRESIDENT 2523996331 2016-05-09 1 JANICE A RATICA P00358837 7043771678 2014 2016-08-17 19:52:53Z DOUGLAS N SEARCY PO BOX 5000 WILSON NC 278937000 36329076 0 X WWW.BARTON.EDU X 1902 NC LOCATED IN WILSON, NORTH CAROLINA, BARTON COLLEGE IS AN ACADEMIC COMMUNITY OF APPROXIMATELY 1,100 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. OUR 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. 36 36 673 36 0 0 2452352 4089386 28033285 28617059 1410032 827390 268920 238855 32164589 33772690 9082600 10399746 0 0 12104498 12028536 0 0 1108998 10654115 11457749 31841213 33886031 323376 -113341 67122516 69388180 20901599 23282903 46220917 46105277 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 14360985 24929981 INSTRUCTION: ACCREDITATED ACADEMIC PROGRAMS WITH 27 MAJORS AND 29 MINORS FOR UNDERGRADUATES, 8 ACCELERATED PROFESSIONAL PROGRAMS, AND 4 GRADUATE DEGREE PROGRAMS. AWARDED 286 DEGREES IN 2014-15. SERVING APPROXIMATELY 1,000 UNDERGRADUATES. 2123952 3687078 AUXILIARY SERVICES - ROOM, BOARD, AND BOOKSTORE 10399746 10399746 INSTITUTIONAL AID AND SCHOLARSHIPS FROM ENDOWMENT, RESTRICTED SCHOLARSHIPS, AND INSTITUTIONAL DISCOUNT 137593 238855 STUDENT SERVICES: ENROLLMENT SERVICES, STUDENT SERVICES, FINANCIAL AID, HOUSING AND FOOD SERVICES, 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. 137593 238855 27022276 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 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 1 159 0 673 1 0 0 0 0 0 1 1 0 0 0 0 X 36 36 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DAVID A BROWNING 2523996328 311 HARPER HALL WILSON NC 27893 DR DUDLEY B ANDERSON TRUSTEE 2.00 X 0 0 0 MR ROBERT V ANDREWS 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 D CONNOR TRUSTEE 2.00 X 0 0 0 MR THOMAS A COZART TRUSTEE 2.00 X 0 0 0 MR SCOTT C CRUIKSHANK TRUSTEE 2.00 X 0 0 0 MR GROVER T DEES SR TRUSTEE 2.00 X 0 0 0 MR JAMES M DURHAM 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 MR GEORGE CHARLES FINKLEA JR TRUSTEE 2.00 X 0 0 0 MR ROBERT B GOINS TRUSTEE 2.00 X 0 0 0 MR KENNETH A JONES TRUSTEE 2.00 X 0 0 0 MRS JOAN ADAMS JONES TRUSTEE 2.00 X 0 0 0 MR KENNETH D KENNEDY III TRUSTEE 2.00 X 0 0 0 MR JOHN F LEE TRUSTEE 2.00 X 0 0 0 MRS FRANCES D MOYE TRUSTEE 2.00 X 0 0 0 MRS ANNE M ODDEN TRUSTEE 2.00 X 0 0 0 REV JOHN M RICHARDSON TRUSTEE 2.00 X 0 0 0 MR ERIC W 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 MRS BRENDA H WHALEY TRUSTEE 2.00 X 0 0 0 DR GAMETT B WHITEHURST TRUSTEE 2.00 X 0 0 0 MR SHEILA B WIGGINS TRUSTEE 2.00 X 0 0 0 MR LUKE DANIEL WILKINS TRUSTEE 2.00 X 0 0 0 MR GARY WILLIAMSON TRUSTEE 2.00 X 0 0 0 MR CHRIS WILLIFORD TRUSTEE 2.00 X 0 0 0 MR CHARLES LEON WILSON III TRUSTEE 2.00 X 0 0 0 MR GREGG A DEMAR CHAIR 2.00 X X 0 0 0 MR ASHLEY T HOOKS VICE CHAIR 2.00 X X 0 0 0 DR NORVAL KNETEN PRESIDENT 50.00 X 240771 0 32016 DR GARY DAYNES VICE PRESIDENT/PROVOST 40.00 X 161996 0 20008 DOUGLAS KRIS LYNCH VICE PRESIDENT/TREASURER 40.00 X 136717 0 14937 539484 0 66961 3 0 1 0 ARAMARK HIGHER EDUCATION 1101 MARKET STREET PHILADELPHIA PA 19107 DINING & FACILITIES MANAGEMENT SERVICES 4223109 REHAB BUILDERS INC 401 E FOURTH STREET STE 200 WINSTONSALEM NC 27101 CONSTRUCTION 2390110 CITY OF WILSON POLICE DEPT PO BOX 2407 WILSON NC 27894 SECURITY & INTERNET 1421030 ST WOOTEN CORPORATION PO BOX 603126 CHARLOTTE NC 28260 CONSTRUCTION 551711 STONE CREEK MASONRY 5166 MAMIE ROAD WILSON NC 27893 CONSTRUCTION 314593 10 173587 3915799 30404 4089386 TUITION AND FEES 900099 24929981 24929981 HOUSING FOOD AND OTHER SERVICES 900099 3687078 3687078 28617059 1006955 1006955 2376821 2556386 -179565 -179565 -179565 OTHER INCOME 900099 238855 238855 238855 33772690 28855914 0 827390 10399746 10399746 606445 471713 92261 42471 8751753 6822436 1313242 616075 449212 362224 53805 33183 959776 669151 236438 54187 1261350 1117366 98392 45592 44210 44210 459690 238391 221299 230814 72050 137683 21081 297102 148333 105825 42944 199011 16326 182685 2597 2597 972227 921749 50478 564915 497400 52681 14834 9639 4854 4785 432785 144262 288523 1512381 504127 1008254 254199 97903 156296 OPERATIONS & MAINTENANC 2782322 1780334 861003 140985 FOOD & BEVERAGE 1430525 1364113 45073 21339 BOOKSTORE/STUDENT SVCS/ 1159529 725219 403575 30735 EQUIPMENT 145575 125581 19994 960228 536401 383040 40787 33886031 27022276 5754757 1108998 14084 289442 2845964 1686006 802885 1866980 750711 1230479 1037447 827067 64558 109107 240892 126250 61334531 25819790 33460363 35514741 27905612 27738108 67122516 69388180 2110244 1653702 1157422 1149688 13360000 5000000 1525113 12819565 2748820 2659948 20901599 23282903 X 15335637 14248914 6984736 6700618 23900544 25155745 46220917 46105277 67122516 69388180 -113341 -14292 11993 0 X 0 1 X 1 1 1 X 3773660 6046976 2695131 2452352 4101379 19069498 3773660 6046976 2695131 2452352 4101379 19069498 1269892 17799606 554248 495156 662761 1075356 1006955 3794476 517000 383692 383792 268920 238855 1792259 24656233 135439539 0.72190 0.71820 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28720632 765643 813098 785193 1680748 27833432 25481294 515206 3290753 566621 28720632 23190444 373102 3048286 1130538 25481294 23141234 881807 248040 1080637 23190444 21978306 424563 2043310 1304945 23141234 0.04400 0.90400 0.05200 0 0 3278277 3278277 40367712 19980446 20387266 7536896 3730470 3806426 4260686 2108874 2151812 5890960 5890960 35514741 ALTERNATIVE INVESTMENTS 4795204 F DEBT SECURITIES 7217369 F EQUITY SECURITIES 15725535 F 27738108 OTHER LIABILITIES 38298 ASSET RETIREMENT OBLIGATION 1031792 STUDENT LOAN ADVANCES 1448478 DEPOSITS AND STUDENT CREDIT BALANCES 113680 CAPITAL LEASE PAYABLE 27700 2659948 X 23740211 -14292 11993 -10030180 -10032479 33772690 0 33772690 23855851 0 23855851 10030180 10030180 33886031 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, 2015 AND 2014 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE COLLEGE IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS -10,030,180. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 10,030,180. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4098465 0 0 0 0 0 0 4098465 0 4098465 0 0 0 0 0 0 1 SCHOLARSHIPS AND GRANTS 720 10030180 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 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR NORVAL KNETEN PRESIDENT 240771 0 0 0 0 0 17500 0 14516 0 272787 0 0 0 DR GARY DAYNES VICE PRESIDENT/PROVOST 161996 0 0 0 0 0 12750 0 7258 0 182004 0 0 0 DOUGLAS KRIS LYNCH VICE PRESIDENT/TREASURER 136717 0 0 0 0 0 10726 0 4211 0 151654 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. FIRST CLASS TRAVEL WAS PROVIDED AS PART OF A CONTRACTUAL COMMITMENT TO THE PAST PRESIDENT. ALL TRAVEL WAS SUPPORTING A BONAFIDE BUSINESS PURPOSE AND CONNECTED TO FUNDRAISING ACTIVITIES. 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 NC FACILITIES FINANCING AGENCY 561592154 65818PDY2 2004-06-24 18000000 FACILITIES CONSTRUCTION AND RENOVATION & RE-FINANCED EXISTING BONDS 0 0 0 A 18000000 18000000 2005 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 X 1 5000 VALUE PROVIDED BY DONOR X 1 5000 FMV X GYM EQUIPMENT 1 20405 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED DURING THE YEAR TO ADD A NEW COMMITTEE ON APPEARANCE AND LANDSCAPING. FORM 990, PART VI, SECTION B, LINE 11 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 TRUSTEESHIP COMMITTEE OF THE BOARD. THIS COMMITTEE MEETS 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 COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST.