2013-05-14T10:18:19-07:00 2012-06-30 990 2011-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian Erb 7062362265 2013-05-14 2011 2016-02-24 21:20:13Z Stephen R Briggs Berry College Inc P O Box 490129 Mount Berry GA 30149 132977029 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. 24 24 2865 0 0 0 8348190 17256371 66256819 71585324 35136168 29046700 413527 526222 110154704 118414617 23899389 25986070 0 0 41049377 42214666 0 0 2790403 36059083 36604378 101007849 104805114 9146855 13609503 937957028 995851450 161129793 178671298 776827235 817180152 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 25643582 0 50602703 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. (2,027 students) 11952769 0 17268141 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. (2,027 students) 24894656 0 2119354 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". (2,027 students) 25986070 0 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. (2,027 students) 25986070 0 0 88477077 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 1 0 0 0 1 1 0 0 1 0 0 0 0 0 1 2947 0 1 2865 1 0 0 0 0 0 0 0 0 0 0 X 24 24 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 7062362239 2277 Martha Berry Highway Mount Berry GA 301490129 X Karen Holley Horrell 0 X 0 0 0 Cecil B Wright III 0 X 0 0 0 Cathleen O'Connell Anderson 0 X 0 0 0 D Randolph Berry 0 X 0 0 0 Sheryle J Bolton 0 X 0 0 0 Steven J Cage 0 X 0 0 0 Peter J Capponi 0 X 0 0 0 Dan T Cathy 0 X 0 0 0 G Bert Clark Jr 0 X 0 0 0 W Glenn Cornell 0 X 0 0 0 A D Frazier 0 X 0 0 0 Richard W Gilbert 0 X 0 0 0 Terry A Graham 0 X 0 0 0 Vincent L Griffith 0 X 0 0 0 J Barry Griswell 0 X 0 0 0 Anne Hydrick Kaiser 0 X 0 0 0 Roger W Lusby III 0 X 0 0 0 Peter M Musser 0 X 0 0 0 Sunny K Park 0 X 0 0 0 L P Roberts 0 X 0 0 0 Lisa Fanto Swain 0 X 0 0 0 Roger C Tutterow 0 X 0 0 0 Martha Berry Walstad 0 X 0 0 0 Haron W Wise 0 X 0 0 0 Celeste Greene Osborn 0 X 0 0 0 Barbara P McCollum 0 X 0 0 0 Stephen R Briggs 40 X 375771 0 125692 Brian I Erb 40 X 251386 0 90594 Alexander W Whitaker IV 40 X 84528 0 19406 Bettyann M O'Neill 40 X 244506 0 79335 Katherine M Whatley 40 X 164444 0 32256 John R Grout 40 X 157204 0 34420 Debbie E Heida 40 X 148169 0 24594 Krishna S Dhir 40 X 133745 0 32496 Gary A Waters 40 X 141488 0 32442 1701241 0 471235 26 1 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 5978325 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 202165 Carter 171 17th Street Suite 1200 Atlanta GA 30363 Project Manager 189815 ARAMARK Service Master Management 24818 Network Pl Chicago IL 60673 Housekeeping 169393 Comcast Communications P O Box 530098 Atlanta GA 30353 Cable Service 167839 7 0 0 0 0 994272 16262099 2498661 17256371 Tuition and Fees 611310 50602703 50602703 0 0 Sales and Service Auxiliary 611310 17268141 17268141 0 0 Sales and Service Educational 611310 2119354 2119354 0 0 1595126 1595126 0 0 71585324 27626913 0 0 27626913 0 0 0 0 47109 0 0 47109 196333 0 0 0 196333 0 196333 0 0 196333 15838702 143497 14483912 78500 1354790 64997 1419787 0 0 1419787 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending Machines 611310 10334 0 0 10334 Other Investment Income 611310 30951 0 0 30951 241495 0 0 241495 282780 118414617 71585324 0 29572922 0 0 25986070 25986070 0 0 0 0 900911 0 729738 171173 0 0 0 0 32055911 25613060 5218709 1224142 2212113 1678232 432444 101437 5051917 3832665 987594 231658 1993814 1512618 389769 91427 0 0 0 0 83463 0 83463 0 212915 0 212915 0 0 0 0 0 0 0 0 0 0 0 7771878 7283376 395687 92815 114782 23131 74237 17414 4892251 3613951 1035423 242877 1030492 673983 288772 67737 0 0 0 0 3955429 2583212 1272324 99893 2560829 2022591 435973 102265 0 0 0 0 0 0 0 0 5213617 5204491 9126 0 0 0 0 0 6469291 5582998 717897 168396 716056 0 716056 0 Maintenance Buildings 2405491 1924392 360824 120275 1177884 942307 176683 58894 104805114 88477077 13537634 2790403 1086496 873470 3129522 2541119 12414890 13642304 652596 877528 0 0 0 0 4326915 4297590 876143 1092429 453608 167411 257607651 72644495 185724140 184963156 626773364 687888650 102519354 99507793 0 0 0 0 0 0 937957028 995851450 18825603 33520770 0 0 0 0 115350000 111635000 0 0 0 0 17427 9920 0 0 26936763 33505608 161129793 178671298 X 91927848 63872199 99992140 89363073 584907247 663944880 776827235 817180152 937957028 995851450 X 13609503 26743414 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191085000 11637000 -1082000 3103000 9586000 0 188951000 162523000 3523000 35927000 2750000 8138000 0 191085000 148132000 4463000 20787000 2696000 8163000 0 162523000 190820000 3020000 -33184000 2629000 9895000 0 148132000 0.12 0.47 0.41 0 0 2638670 10296360 12935030 0 222029549 56936080 165093469 0 0 0 0 0 10227531 8409780 1817751 0 12415541 7298635 5116906 184963156 0 346227 F Hedge Funds 51595218 F Private Equity 9275814 F Real Assets 17005934 F Timber 20165497 F ETrade Student Investment Group 122381 F Income Rights 2358 F Life Insurance Policies 229204 F Jewelry 13467 F LLC 751693 F 99507793 0 Annuities Payable 3806812 Deposits and Deferred Credits 2005936 Accrued Post Retirement Benefits 25966201 Advances from Federal Government 1726659 33505608 118414617 104805114 13609503 59899075 0 0 0 -33155661 26743414 40352917 77560583 0 0 0 0 0 77560583 0 40854034 40854034 118414617 78819044 0 0 0 0 0 78819044 0 25986070 25986070 104805114 SchD_P05_S00_L04 Schedule D, Part V, Line 4 To support scholarships, instruction and other operational support (including academic support, student services and maintenance). SchD_P10_S00_L02 Schedule D, Part X, Line 2 The College analyzed its tax positions for the year ended June 30, 2012 and determined that there were no uncertain tax positions that would have a material impact on the College's financial statements. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in value of interest rate swap agreements ($-14,745,984); current year utilization of prior year cumulative gains ($-11,347,473); increase in post retirement benefit obligation ($-7,054,376); and other ($-7,828). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student Financial Aid ($25,986,070); permanent gifts and grants ($13,448,177); realized gain on investments ($1,419,787). SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Financial Aid ($25,986,070) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Government aid included funds received from the U.S. Department of Agriculture, the National Endowment for the Humanities, the National Science Foundation, and the Federal Emergency Management Agency. Central America and the Caribbean 0 0 Program Services Education-Study Abroad 105437 East Asia and the Pacific 0 0 Program Services Education-Study Abroad 50525 Europe (including Iceland and Greenland) 0 0 Program Services Education-Study Abroad 491041 Russia and the newly independent States 0 0 Program Services Education-Study Abroad 1731 South America 0 0 Program Services Education-Study Abroad 23721 0 0 672455 0 0 0 0 0 0 1 Tuition Waivers 100 950979 0 Institutional Grants 1942 25035091 0 SchI_P01_S00_L02 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 1 1 X X X X 0 0 0 0 0 0 0 0 0 Stephen R Briggs 316621 0 58118 0 1032 0 95725 0 34636 0 506132 0 50000 0 Brian I Erb 207813 0 43333 0 240 0 69483 0 34543 0 355412 0 33333 0 Bettyann M O'Neill 200141 0 43333 0 1032 0 67233 0 22949 0 334688 0 33333 0 Katherine M Whatley 163427 0 0 0 1017 0 16450 0 16278 0 197172 0 0 0 John R Grout 156686 0 0 0 519 0 15839 0 19045 0 192089 0 0 0 Debbie E Heida 142354 0 5000 0 815 0 13850 0 15213 0 177232 0 0 0 Krishna S Dhir 131626 0 0 0 2118 0 14128 0 18840 0 166712 0 0 0 Gary A Waters 136162 0 4500 0 826 0 14000 0 28489 0 183977 0 0 0 SchJ_P01_S00_L01a 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. SchJ_P02_S00_L00 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 and memberships. Also included in nontaxable benefits is the employees' contribution to flexible spending accounts. Development Authority of Floyd County 237182908 343573BQ3 2009-12-02 116010000 Construction and Renovation of Various Facilities 0 0 0 0 0 116010000 0 0 0 0 0 0 0 0 0 2009 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 SunTrust Bank 28.5 0 0 0 0 0 Laura Briggs Niece of President Stephen Briggs 8780 Scholarships X 1 800 FMV X 172 FMV X 1 16400 FMV X 18 409584 FMV X 1 5000 FMV X 2 1949000 FMV X Various Equipment 5 4654 FMV X Materials & Supplies 17 11726 FMV X Cash Value Life Insurance Policy 1 29326 FMV X Animals 5 71999 FMV 34 0 1 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustees D. Randolph Berry and Martha Berry Walstad are cousins. F990_P06_S0B_L11b 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. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The HR Director and the Director of Financial Planning 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees, using salaries for comparable positions at similar institutions and summary data from the CUPA survey, evaluates and approves the compensation for officers and key employees (if any). The College maintains documentation of the committee's approval. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Information is available upon request. F990_P07_S0A_L01a 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Change in value of interest rate swap agreements ($-14,745,984); net unrealized gains(losses) on investments ($59,899,075); current year utilization of prior year cumulative gains ($-11,347,473); increase in post retirement benefit obligation ($-7,054,376); and other ($-7,828). Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA -46432 750493 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA -142716 0 N/A The institution requested and IRS approved an extension until May 15, 2013.