2015-04-21T07:37:05-05:00 2014-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2013-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 NORVAL KNETEN PRESIDENT 2523996331 2015-04-01 1 JANICE A RATICA P00358837 7043771678 2013 2016-02-25 16:41:14Z NORVAL KNETEN PO BOX 5000 WILSON NC 278937000 33242526 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 34 706 36 0 0 2695131 2452352 27052887 28033285 1100171 1410032 383792 268920 31231981 32164589 8500145 9082600 0 0 11576662 12104498 0 0 1015312 10624090 10654115 30700897 31841213 531084 323376 61503622 67122516 17973427 20901599 43530195 46220917 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 13703463 24378773 INSTRUCTION: ACADEMIC DEPARTMENTS, LIFELONG EDUCATION, SUMMER SCHOOL, AND PORTIONS OF GENERAL EXPENSES AND PHYSICAL PLANT EXPENSES. APPROXIMATELY 1,100 STUDENTS ENROLLED IN CLASSES IN FISCAL YEAR 2014. 2054225 3654512 ACADEMIC SUPPORT: ACADEMIC DEANS' OFFICES, INSTRUCTIONAL SUPPORT, LIBRARY, REGISTRAR, COMPUTER CENTER, INSTITUTIONAL RESEARCH, AND INFORMATION TECHNOLOGY. 9082600 9082600 STUDENT AID: PELL AND SEOG GRANTS, NC LEGISLATIVE TUITION GRANT AND NC STATE CONTRACT GRANTS, FEDERAL WORK STUDY, SCHOLARSHIPS AND LOAN FUNDS (PERKINS AND GENERAL LOANS). 151162 268920 STUDENT SERVICES: ENROLLMENT SERVICES, STUDENT SERVICES, FINANCIAL AID, HOUSING AND FOOD SERVICES, POST OFFICE, COLLEGIATE ATHLETICS, AND OTHER ACTIVITIES. 151162 268920 24991450 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 1 1 0 0 0 0 0 0 0 0 1 196 0 1 706 1 0 0 0 0 0 0 0 0 0 0 X 36 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X D KRIS LYNCH 2523996328 700 ACC DRIVE WILSON NC 27893 DR DUDLEY B ANDERSON TRUSTEE 0.50 X 0 0 0 MR ROBERT VAN ANDREWS TRUSTEE 0.50 X 0 0 0 DR SUSAN K BLUE TRUSTEE 0.50 X 0 0 0 MR JOHN C BRANTLEY III TRUSTEE 0.50 X 0 0 0 MRS JOSEPHINE M BROWN TRUSTEE 0.50 X 0 0 0 DR ROBERT B CAYTON TRUSTEE 0.50 X 0 0 0 MR JAMES EARL COBB JR TRUSTEE 0.50 X 0 0 0 MR THOMAS A COZART TRUSTEE 0.50 X 0 0 0 MR SCOTT C CRUIKSHANK TRUSTEE 0.50 X 0 0 0 MR GROVER T DEES SR TRUSTEE 0.50 X 0 0 0 MR JAMES M DURHAM TRUSTEE 0.50 X 0 0 0 THE HONORABLE SIDNEY S EAGLES JR TRUSTEE 0.50 X 0 0 0 MR DAVID A EVANS JR TRUSTEE 0.50 X 0 0 0 MR DONALD I EVANS TRUSTEE 0.50 X 0 0 0 MR GEORGE CHARLES FINKLEA JR TRUSTEE 0.50 X 0 0 0 MR VANCE T FORBES JR TRUSTEE 0.50 X 0 0 0 MR ASHLEY T HOOKS TRUSTEE 0.50 X 0 0 0 MR KENNETH A JONES TRUSTEE 0.50 X 0 0 0 MRS JOAN ADAMS JONES TRUSTEE 0.50 X 0 0 0 MR KEN KENNEDY III TRUSTEE 0.50 X 0 0 0 MR JOHN LEE TRUSTEE 0.50 X 0 0 0 MRS FRANCES DUKE MOYE TRUSTEE 0.50 X 0 0 0 MRS ANNE M ODDEN TRUSTEE 0.50 X 0 0 0 MR JAMES SELBY PRIDGEN TRUSTEE 0.50 X 0 0 0 REV JOHN M RICHARDSON TRUSTEE 0.50 X 0 0 0 MR ERIC WAYNE SELLERS TRUSTEE 0.50 X 0 0 0 MR DAIL TURNER TRUSTEE 0.50 X 0 0 0 MR D STUART WALSTON JR TRUSTEE 0.50 X 0 0 0 DR GARNETT B WHITEHURST TRUSTEE 0.50 X 0 0 0 MR LUKE DANIEL WILKINS TRUSTEE 0.50 X 0 0 0 MR GARY WILLIAMSON TRUSTEE 0.50 X 0 0 0 MR CHRIS WILLIFORD TRUSTEE 0.50 X 0 0 0 MR CHARLES LEON WILSON III TRUSTEE 0.50 X 0 0 0 MRS BRENDA H WHALEY TRUSTEE 0.50 X 0 0 0 MR GREGG A DEMAR CHAIR 0.50 X X 0 0 0 MRS PHYLLIS PARISH HOWARD VICE CHAIR 0.50 X X 0 0 0 DR NORVAL KNETEN PRESIDENT 40.00 X 264640 0 18525 DOUGLAS KRIS LYNCH VICE PRESIDENT 40.00 X 143414 0 10039 DR KATHLEEN THOMPSON VICE PRESIDENT 40.00 X 123157 0 8621 DR GARY DAYNES VICE PRESIDENT 40.00 X 73574 0 5150 GEORGE SOLAN VICE PRESIDENT 40.00 X 96652 0 6766 DR JOHN BETHUNE PROFESSOR 40.00 X 100578 0 7040 CAROLYN HARMON SPECIAL ASSISTANT 40.00 X 100299 0 7021 902314 0 63162 5 0 1 0 ARAMARK FACILITIES 22506 NETWORK PLACE CHICAGO IL 60673 OUTSOURCED FACILITIES 2039200 ARAMARK DINING PO BOX 5000 WILSON NC 27893 FOOD SERVICES 1935714 ST WOOTEN CORPORATION 3801 BLACK CREEK ROAD WILSON NC 27894 CONSTRUCTION 1090377 SOUTHERN PIPING 1908 BALDREE ROAD WILSON NC 27894 CONSTRUCTION 726856 CITY OF WILSON POLICE DEPT PO BOX 2407 WILSON NC 27894 SECURITY 337069 10 169005 2283347 163300 2452352 TUITION AND FEES 900099 24378773 24378773 HOUSING FOOD AND OTHER SERVICES 900099 3654512 3654512 28033285 1075356 1075356 1412613 1077937 334676 334676 334676 OTHER INCOME 900099 268920 268920 268920 32164589 28302205 0 1410032 9082600 9082600 750538 596694 110054 43790 9003749 7195009 1287817 520923 427055 314561 84600 27894 1247009 553718 630964 62327 676147 541323 93441 41383 443 443 221705 57279 164426 203112 14149 177181 11782 1050543 778699 192573 79271 112399 112399 1777 1777 737905 671190 55838 10877 498083 415254 68447 14382 123652 40805 82847 1419543 468449 951094 245859 76299 169560 OPERATIONS & MAINTENANC 2858600 1940485 789559 128556 FOOD & BEVERAGE 1459952 1374807 49794 35351 BOOKSTORE/STUDENT SVCS/ 470268 135449 334819 EQUIPMENT 241457 175859 65132 466 1008817 557044 413463 38310 31841213 24991450 5834451 1015312 35577 14084 1962538 2845964 815414 802885 828889 750711 1264368 1037447 76592 64558 266496 240892 57794305 24333942 31202291 33460363 25051457 27905612 61503622 67122516 692701 2110244 297985 1157422 10016273 13360000 3215134 1525113 3751334 2748820 17973427 20901599 X 14415416 15335637 7284231 6984736 21830548 23900544 43530195 46220917 61503622 67122516 X 323376 2347026 20320 X 0 1 X 1 1 1 X 3497212 3773660 6046976 2695131 2452352 18465331 3497212 3773660 6046976 2695131 2452352 18465331 1099344 17365987 532624 554248 495156 662761 1075356 3320145 839961 517000 383692 383792 268920 2393365 24178841 130672502 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 25481294 515206 3290753 566621 28720632 23190444 373102 3048286 1130538 25481294 23141234 881807 248040 1080637 23190444 21978306 424563 2043310 1304945 23141234 20307571 494346 2142549 966160 21978306 0.04330 0.79240 0.16430 0 0 3278277 3278277 40618739 18931916 21686823 7478251 3485525 3992726 4111885 1916501 2195384 2307153 2307153 33460363 ALTERNATIVE INVESTMENTS 4487030 F DEBT SECURITIES 7306023 F EQUITY SECURITIES 16112559 F 27905612 OTHER LIABILITIES 58590 ASSET RETIREMENT OBLIGATION 1031792 STUDENT LOAN ADVANCES 1453860 DEPOSITS AND STUDENT CREDIT BALANCES 129901 CAPITAL LEASE PAYABLE 74677 2748820 X 25449335 2347026 -9062280 -6715254 32164589 0 32164589 22758613 0 22758613 9082600 9082600 31841213 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 COLLEGES 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, 2014 AND 2013 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE COLLEGE IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS -9,082,600. CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT 20,320. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 9,082,600. 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 1050 9082600 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 NORVAL KNETEN PRESIDENT 264640 0 0 0 0 0 18525 0 0 0 283165 0 0 0 DOUGLAS KRIS LYNCH VICE PRESIDENT 143414 0 0 0 0 0 10039 0 0 0 153453 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 NC FACILITIES FINANCING AGENCY 561592154 65818PDY2 2004-06-24 18000000 FACILITIES CONSTRUCTION AND RENOVATION & RE-FINANCED EXISTING BONDS 0 0 0 A 18000000 2005 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SOUTHERN PIPING CORPORATION CHRIS WILLIFORD, TRUSTEE, IS THE PRESIDENT OF SOUTHERN PIPING CORPORATION. 726855 THE COMPANY PROVIDED CONSTRUCTION SERVICES FOR THE COLLEGE. FEES WERE NEGOTIATED AT ARMS LENGTH AND ARE AT FAIR MARKET VALUE. 0 ELECTRIC SUPPLY COMPANY KEN KENNEDY, III, TRUSTEE, IS THE PRESIDENT OF ELECTRIC SUPPLY COMPANY. 130592 THE COMPANY PROVIDED CONSTRUCTION SERVICES FOR THE COLLEGE. FEES WERE NEGOTIATED AT ARMS LENGTH AND ARE AT FAIR MARKET VALUE. 0 X 3086 APPRAISAL X 24360 FAIR MARKET VALUE X 2 34000 APPRAISAL X 13 95239 FAIR MARKET VALUE X OTHER 1 6615 FAIR MARKET VALUE 0 0 1 0 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 THE VICE PRESIDENTS. HE RECEIVES EVALUATIONS FROM THE VP'S 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. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT 20,320.