2012-05-14T10:51:59-07:00 2011-06-30 990 2010-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian Erb 7062362265 2012-05-14 2010 2016-02-24 21:20:13Z Stephen R Briggs Berry College Inc P O Box 490129 Mount Berry GA 301490129 157606489 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. 21 21 2801 0 0 0 7878893 8348190 58245326 66256819 25657958 35136168 317582 413527 92099759 110154704 20263301 23899389 0 0 39494875 41049377 0 0 3082817 34082066 36059083 93840242 101007849 -1740483 9146855 802225162 937957028 164657094 161129793 637568068 776827235 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 25156600 0 47105500 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. (2,009 students) 11634959 0 15784232 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. (2,009 students) 24472543 0 1959870 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". (2,009 students) 23899389 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. (2,009 students) 23899389 0 0 85163491 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 0 0 0 1 0 0 0 0 0 1 2855 0 1 2801 1 0 0 0 0 0 0 0 0 0 1 0 X 21 21 1 0 1 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 D Randolph Berry 0 X 0 0 0 Sheryle J Bolton 0 X 0 0 0 Steven J Cage 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 Richard W Gilbert 0 X 0 0 0 Terry A Graham 0 X 0 0 0 J Barry Griswell 0 X 0 0 0 Karen Holley Horrell 0 X 0 0 0 Harold D Kilpatrick 0 X 0 0 0 Roger W Lusby III 0 X 0 0 0 Barbara P McCollum 0 X 0 0 0 Celeste Greene Osborn 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 Cecil B Wright III 0 X 0 0 0 Vincent L Griffith 0 X 0 0 0 Peter M Musser 0 X 0 0 0 Stephen R Briggs 40 X 307916 0 103580 Brian I Erb 40 X 221760 0 75097 Alexander W Whitaker IV 40 X 85421 0 18904 Bettyann M O'Neill 40 X 209861 0 63500 Katherine M Whatley 40 X 166487 0 33547 John R Grout 40 X 159902 0 33473 Debbie E Heida 40 X 151871 0 24304 Krishna S Dhir 40 X 123720 0 32408 Gary A Waters 40 X 136543 0 30413 1563481 0 415226 26 1 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 5751558 Carter 171 17th Street Suite 1200 Atlanta GA 30363 Project Manager 599629 ARAMARK Service Master Management 24818 Network Place Chicago IL 60673 Housekeeping 199351 Comcast Communications P O Box 530098 Atlanta GA 30353 Cable Service 163134 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 158888 7 0 0 0 0 438144 7910046 729296 8348190 Tuition and Fees 611310 47105500 47105500 0 0 Sales and Service Auxiliary 611310 15784232 15784232 0 0 Sales and Service Educational 611310 1959870 1959870 0 0 1407217 1407217 0 0 66256819 26252998 0 0 26252998 0 0 0 0 44099 0 0 44099 167927 0 0 0 167927 0 167927 0 0 167927 54490485 1844470 45676785 1775000 8813700 69470 8883170 0 0 8883170 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Vending and Copy 611310 13390 0 0 13390 Other Investment Income 611310 124445 0 0 124445 63666 0 0 63666 201501 110154704 66256819 0 35549695 0 0 23899389 23899389 0 0 0 0 846642 0 664614 182028 0 0 0 0 31218338 24884999 4971671 1361668 2192797 1665987 413546 113264 4865366 3696589 917490 251287 1926234 1463464 363275 99495 0 0 0 0 78928 0 78928 0 158888 0 158888 0 0 0 0 0 0 0 0 0 0 0 7387958 7077053 244060 66845 154529 10663 112935 30931 4699214 3385029 1031635 282550 809960 495306 247003 67651 0 0 0 0 4083187 2736556 1190812 155819 2159991 1616753 426442 116796 0 0 0 0 0 0 0 0 6058239 6049489 8750 0 0 0 0 0 6408877 5530861 689243 188773 745120 0 745120 0 Maintenance Buildings 1844273 1475418 276641 92214 1469919 1175935 220488 73496 101007849 85163491 12761541 3082817 519646 1086496 4228445 3129522 11442627 12414890 831270 652596 0 0 0 0 2180863 4326915 790953 876143 303012 453608 259875926 74151786 190926749 185724140 505806536 626773364 85195061 102519354 0 0 0 802225162 937957028 22680215 18825603 0 0 0 0 116010000 115350000 0 0 0 0 30662 17427 0 0 25936217 26936763 164657094 161129793 X 84462102 91927848 80463284 99992140 472642682 584907247 637568068 776827235 802225162 937957028 X 9146855 130112312 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162523000 3523000 35927000 2750000 8138000 0 191085000 148132000 4463000 20787000 2696000 8163000 0 162523000 190820000 3020000 -33184000 2629000 9895000 0 148132000 0.16 0.84 0 0 0 763170 10283035 11046205 0 220428964 52024745 168404219 0 0 0 0 0 15716541 13587108 2129433 0 12684216 8539933 4144283 185724140 0 334655 F Hedge Funds 52486405 F Private Equity 7401147 F Real Assets 18301135 F Timber 22099951 F Etrade Student Investment Group 133432 F Income Rights 2358 F Life Insurance Policies 199879 F Jewelry 13467 F LLC 1546925 F 102519354 0 Annuities Payable 4362512 Deposits and Deferred Credits 1931296 Accrued Post Retirement Benefits 18911825 Advances from Federal Government 1731130 26936763 110154704 101007849 9146855 137328032 0 0 0 -7215720 130112312 139259167 74256056 0 0 0 0 0 74256056 0 35898648 35898648 110154704 77108460 0 0 0 0 0 77108460 0 23899389 23899389 101007849 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, 2011 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 ($3,437,347); current year utilization of prior year cumulative gains ($-10,445,349); and other ($-207,718) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Student Financial Aid ($23,899,389); permanent gifts and grants ($3,127,213); realized gain on investments ($8,872,046) SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student Financial Aid ($23,899,389) 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 and the National Endowment for the Humanities. Central America and the Caribbean 0 0 Program Services Education - Study Abroad 140443 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 21940 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 222959 Middle East and North Africa 0 0 Program Services Education - Study Abroad 1500 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Education - Study Abroad 1500 Russia and the newly independent States 0 0 Program Services Education - Study Abroad 3600 South America 0 0 Program Services Education - Study Abroad 15021 Sub-Saharan Africa 0 0 Program Services Education - Study Abroad 57481 0 0 464444 0 0 0 0 0 0 1 Athletic Aid 80 1080070 0 Tuition Waivers 66 830008 0 Institutional Grants 1826 21989311 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 296813 0 10071 0 1032 0 74500 0 33799 0 416215 0 0 0 Brian I Erb 202520 0 19000 0 240 0 54754 0 30349 0 306863 0 0 0 Bettyann M O'Neill 195809 0 13500 0 552 0 52572 0 22543 0 284976 0 0 0 John R Grout 159392 0 0 0 511 0 15660 0 18309 0 193872 0 0 0 Katherine M Whatley 158991 0 6500 0 996 0 16200 0 17860 0 200547 0 0 0 Debbie E Heida 140071 0 11000 0 800 0 13652 0 11089 0 176612 0 0 0 Gary A Waters 124807 0 11000 0 737 0 12823 0 27133 0 176500 0 0 0 Krishna S Dhir 121609 0 0 0 2111 0 14036 0 18821 0 156577 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 2009 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 SunTrust Bank 28.5 0 0 0 0 0 Meredith Briggs Child of President Stephen Briggs 19670 Scholarships and Tuition Remission Nola Cashion Niece of President Stephen Briggs 10500 Scholarships Laura Briggs Niece of President Stephen Briggs 11800 Scholarships Jenna Marie Davis Grandchild of Trustee W. Glenn Cornell 11000 Scholarships Tate Kilpatrick Grandson of Trustee Harold D Kilpatrick 4000 Scholarship X 1 295 FMV X 8694 FMV X 8 92400 FMV X 11 67048 FMV X 1 279680 FMV X 1 110000 FMV X Various Equipment 4 21309 FMV X Materials and Supplies 17 8272 FMV X Animals 6 141598 FMV 24 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_S0A_L04 Form 990, Part VI, Section A, Line 4 The Bylaws were amended in February 2011 to add the Real Estate Committee as a standing committee. In addition, in October 2011 there was an amendment to the Bylaws modifying the number of voting members of the Board of Trustees to not less than 23 nor more than 29. 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 Controller 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 institution 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 ($3,437,347); net unrealized gains(losses) on investments ($137,328,032); current year utilization of prior year cumulative gains ($-10,445,349); and other ($-207,718). Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA -270686 1817612 N/A The institution requested and IRS approved an extension until May 15, 2012.