2011-02-12T13:44:47-06:00 2010-06-30 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2009-07-01 610444650 Berea College BERE 8599853082 Lincoln Hall No 220 Berea KY 40404 JEFFREY S AMBURGEY 8599853082 2011-02-09 1 LEIGH MCKEE 8592552341 2009 2016-02-24 21:20:13Z JEFFREY S AMBURGEY Lincoln Hall No 220 Berea KY 40404 1101902089 0 X www.berea.edu X 1855 KY POST-SECONDARY EDUCATIONAL INSTITUTION PROVIDING INSTRUCTION AND OTHER SERVICES TO STUDENTS. 35 35 1215 116 -184874 -491 33958861 30139438 13738731 15945853 -25421941 11856857 2156873 832967 24432524 58775115 3469917 3242623 0 35611253 34389318 56494 2491461 33308010 36096732 72389180 73785167 -47956656 -15010052 1032537578 1099423419 87910080 89067949 944627498 1010355470 Berea College (the "College") is a not-for-profit baccalaureate institution providing a liberal arts education to students with limited family financial resources. (CONTINUED ON page 62 of SCHEDULE O) 0 0 23450477 311391 INSTRUCTION - EXPENDITURES OF ACADEMIC DEPARTMENTS AND OTHER INSTRUCTION ACTIVITIES BENEFITING APPROXIMATELY 1,600 STUDENTS. 8559156 1719142 STUDENT SERVICES - STUDENT SUPPORT SERVICES SUCH AS ADMISSIONS, STUDENT LIFE, HEALTH SERVICES, LABOR PROGRAM, AND FINANCIAL AID. 8206105 995589 ACADEMIC SUPPORT - INCLUDES EXPENDITURES FOR THE PROVOST AND DEAN'S OFFICE, LIBRARY, STUDENT LAPTOP COMPUTER PROGRAM, AND OTHER RELATED ACTIVITIES THAT SUPPORT THE INSTRUCTIONAL MISSION OF THE COLLEGE. 6797457 7413902 RESIDENCE HALLS AND FOOD SERVICE FOR STUDENTS. 5899654 301776 PUBLIC SERVICE - INCLUDES EXPENDITURES FOR THE UPWARD BOUND PROGRAM, EDUCATIONAL TALENT SEARCH, GEAR UP PROGRAM, CONTINUING EDUCATION, EXTENSION AND OUTREACH PROGRAMS, AND COMMUNITY ASSISTANCE PROGRAMS THAT SUPPORT THE INSTITUTION'S MISSION OF SERVICE. 3665013 2003345 STUDENT INDUSTRIES OPERATIONS (EXCLUDING SALES OF INVENTORY AND RELATED COST OF SALES) WHICH PROVIDE LABOR OPPORTUNITIES FOR STUDENTS. 2841093 2841093 3200708 STUDENT AID - EXPENDITURES FOR SCHOLARSHIPS, GRANTS, AND AWARDS TO STUDENTS.EXPENSES REPORTED INCLUDE PRIMARILY DIRECT STUDENT AID TO ASSIST WITH ROOM AND BOARD, BOOKS AND SUPPLIES. IN ADDITION, ALL DEGREE-SEEKING BEREA COLLEGE STUDENTS RECEIVE A FULL-TUITION SCHOLARSHIP, ALSO KNOWN AS A COST OF EDUCATION SCHOLARSHIP, THAT IS FUNDED PRIMARILY FROM THE SPENDABLE RETURN FROM THE ENDOWMENT. THE AMOUNT OF FULL-TUITION SCHOLARSHIPS FOR THE FISCAL YEAR WAS $38,279,700. THESE EXPENSES ARE INCLUDED IN THE AREAS OF INSTRUCTION, STUDENT SERVICES, ACADEMIC SUPPORT, ETC. 19203217 2841093 12919731 59418955 1 1 0 1 0 0 1 0 1 1 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 749 0 1 1215 1 1 1 1 EI HK NT BD 0 0 0 0 0 0 0 35 35 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY NH X X Jeff Amburgey 8599853082 LINCOLN HALL SUITE 220 BEREA KY 40404 ALLUMS VICKIE 2.00 X 0 0 0 BEASON CHARLOTTE 2.00 X 0 0 0 blade VANCE 2.00 X 0 0 0 BLAIR NANCY 2.50 X 0 0 0 CALDWELL LYNNE 2.00 X 0 0 0 chow david h 2.00 X 0 0 0 CRASE JANICE HUNDLEY 2.00 X 0 0 0 culbreth m elizabeth 2.00 X 0 0 0 DAVID CHELLA S 2.00 X 0 0 0 fleming john e 2.00 X 0 0 0 FUHRMAN GLENN R 2.50 X 0 0 0 GRAY II JAMES P 2.00 X 0 0 0 HAAGA HEATHER STURT 2.00 X 0 0 0 HALL DONNA S 2.00 X 0 0 0 JENKINS SCOTT M 2.50 X 0 0 0 JOHNSONSHAWN 2.50 X 0 0 0 LAIRDLUCINDA RAWLINGS 2.00 X 0 0 0 LARSENBRENDA TODD 2.00 X 0 0 0 lewis jim 2.00 X 0 0 0 LOWE JR EUGENE Y 2.50 X 0 0 0 MAY-PLATTNER ELISSA 2.50 X 0 0 0 MCMANUS GERALDINE 2.00 X 0 0 0 MOSES HAROLD L 2.50 X 0 0 0 ORR DOUGLAS M 2.00 X 0 0 0 phillips thomas w 2.00 X 0 0 0 RICHARDSON WILLIAM B 2.00 X 0 0 0 ROOP DENNIS 2.00 X 0 0 0 SEABURY II CHARLES WARD 2.00 X 0 0 0 SHELTON david e 7.00 X 0 0 0 STITZER MARK 2.00 X 0 0 0 WELCH DAVID O 2.50 X 0 0 0 WILLIAMS DAWNEDA F 2.00 X 0 0 0 woods eugene 2.00 X 0 0 0 WULSIN DRAUSIN F 2.00 X 0 0 0 YAHNG ROBERT T 2.00 X 0 0 0 AMBURGEY JEFFREY S 50.00 X 133056 0 20384 BROWNER STEPHANIE P 50.00 X 133351 0 20363 karcher STEVEN D 50.00 X 170759 0 21492 LARAMEE WILLIAM 50.00 X 143651 0 21183 NEWTON CAROLYN 50.00 X 140609 0 20780 SHINN LARRY D 60.00 X 286173 0 71400 WILSON ii JUDGE B 40.00 X 210643 0 27890 WOLFORD GAIL W 50.00 X 132450 0 15087 bagnoli joseph 40.00 X 109218 0 18309 hackbert peter 40.00 X 104177 0 12534 lewis robert 40.00 X 101075 0 12028 LYMPANY JOHN A 40.00 X 122696 0 19016 sowell clifford 40.00 X 106387 0 12734 1894245 0 293200 18 0 1 0 STATE STREET GLOBAL ADVISORS 1 LINCOLN ST BOSTON MA 02111 INVESTMENT MANAGER 792147 alliance corporation 122 n lake dr prestonsburg KY 41653 CONSTRUCTION 558252 hirtle callaghan & co 300 barr harbor drive west conshohocken PA 19428 investment services 477448 frank messer and sons construction 854 w main st lexington KY 40508 conSTRUCTION 432712 jarboe constructioninc 1017 south broadway lexington KY 40504 cONSTRUCTION 396925 14 7325378 22814060 1131367 30139438 residence/FOOD SVC REV 721310 7413902 7413902 GRANTS FOR EDUC. FEES 611710 3200708 3200708 BOONE TAVERN 721110 2003345 2003345 FEES/INS PD BY STDNTS 611710 1374208 1374208 OH FROM GOVT CONTRACTS 611710 493371 493371 1460319 1234501 225818 15945853 18112375 18112375 25354 25354 443466 284355 159111 159111 159111 1035202848 54333 1041538053 -6335205 54333 -6280872 -6280872 1456768 1304566 152202 152202 child development lab 624410 389366 389366 MED/HEALTH SERVICES 621990 134448 134448 GIFT ANNUITY ADMIN. 525990 132476 132476 -134636 24122 -410692 251934 521654 58775115 16011081 -184874 12809470 401530 401530 2841093 2841093 1628988 509277 935792 183919 27307581 22171984 3855754 1279843 1852844 1472316 287115 93413 1787411 1420321 276975 90115 1812494 1440253 280862 91379 29745 29745 112705 112705 11907 11907 56494 56494 1999388 1999388 87191 85444 1747 480228 441277 32806 6145 2514863 1491458 1023405 2555640 2418293 137347 759401 647314 46971 65116 2590444 2373493 207611 9340 6532121 6078017 454104 481414 154204 322453 4757 retirement incentives 3793627 3037752 306933 448942 outreach programs 3147347 3147347 RESIDENCE/FOOD Service 2530570 2530570 boone tavern 2003345 2003345 utilities 1814141 1646696 116649 50796 4652655 3095064 1446389 111202 73785167 59418955 11874751 2491461 25541384 40837127 12208222 10707073 1339630 1785669 1434029 1297289 2842208 1698898 207536316 60468089 149801989 147068227 610984085 627629400 221877015 264597600 1662798 1540039 4846218 2262097 1032537578 1099423419 7784129 9818073 144722 141973 63975549 61560567 16005680 17547336 87910080 89067949 X 615759311 661168384 81449675 91832128 247418512 257354958 944627498 1010355470 1032537578 1099423419 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 11907 11907 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: GENERAL LOBBYING OF U.S. CONGRESS IN SUPPORT OF EDUCATION RELATED APPROPRIATION PROJECTS. LOBBYING EXPENSES TOTALING $11,907 WERE PROVIDED BY WILLIAM A. BLAKELY AND ASSOCIATES AND ARENT FOX,PLLC. 16000 4079531 X X EDUCATION 0 791209800 16658598 89200667 38192611 10100766 1999388 846776300 1023254700 30496973 -210215725 37489192 13058517 1778439 791209800 0.44010 0.55960 0.00030 0 0 1736391 1736391 187310739 52506632 134804107 14409655 7961457 6448198 4079531 4079531 147068227 private equity 82582400 F HEDGE FUNDS 125520700 F REAL ESTATE 22420500 F structured notes 34074000 F 264597600 AGENCY FUNDS 467373 REVOCABLE GIFT AGREEMENTS 61000 CHARITABLE LEAD TRUST LIABILITY 351300 FUTURE PYMT LIAB ON ANNUITY CONTRACTS 11764300 WORKERS COMP - LONG TERM PORTION 117400 LONG TERM PORTION ASSET RETIREMENT LIABILITY 593893 457(b) plan 69870 interest rate swap 4122200 17547336 58775115 73785167 -15010052 81588378 -850354 80738024 65727972 136261580 81588378 4075169 85663547 50598033 8177082 8177082 58775115 70533608 1588922 1588922 68944686 4840481 4840481 73785167 Part III, Line 4: THE COLLEGE ART COLLECTION WAS ESTABLISHED IN 1935 AS A TEACHING COLLECTION WITH THE PURPOSE OF PROVIDING BEREA COLLEGE STUDENTS WITH THE BEST EXAMPLES OF ART AND ARTIFACTS FROM AROUND THE WORLD. CURRENTLY, THE ART COLLECTION IS MADE UP OF MORE THAN 12,000 PIECES OF ART AND ARTIFACTS OF CULTURAL SIGNIFICANCE. INCLUDED IN THE COLLECTION ARE PAINTINGS AND PRINTS BY EUROPEAN MASTERS, CONTEMPORARY POTTERY, APPALACHIAN TEXTILES, JAPANESE AND CHINESE PRINTS AND SCROLLS, COINS, MEDALS, AND JEWELRY; COSTUMES AND ACCESSORIES; DOLLS, TOYS, MUSICAL INSTRUMENTS; AND TOOLS AND WEAPONS. THE BEREA COLLEGE ART COLLECTION IS MADE ACCESSIBLE TO THE CAMPUS AND SURROUNDING COMMUNITIES WITH THE GOAL OF PROVIDING RICH OPPORTUNITIES TO EXPERIENCE THE VISUAL ARTS FOR ALL OF THE COMMUNITIES THAT BEREA COLLEGE SERVES. BEREA COLLEGE'S APPALACHIAN ARTIFACTS AND EXHIBITS STUDIO MAINTAINS AND MAKES AVAILABLE A COLLECTION OF ARTIFACTS TO SUPPORT TEACHING AND RESEARCH ON APPALACHIA. THE APPALACHIAN ARTIFACTS COLLECTION CONTAINS NEARLY 3,000 OBJECTS DOCUMENTING LIFE IN THE REGION. ARTIFACT COLLECTIONS HIGHLIGHTS INCLUDE: MOUNTAIN REGION LIFE CIRCA 1850-1940; REGIONAL CRAFT TRADITIONS, ESPECIALLY TEXTILES, POTTERY AND WOODWORKING; STEREOTYPES OF APPALACHIAN PEOPLE; AND BEREA COLLEGE HISTORY. Part V, Line 4: Description of Intended Use of Endowment Funds: Berea College (the College) provides a liberal arts education to students with limited family financial resources primarily from the Southern Appalachian Mountain region. All students are provided a full tuition scholarship and, accordingly, the College is dependent on gifts and donations to help provide a low cost but high quality education. The endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. The College follows the policy of designating all unrestricted bequests as additions to the tuition replacement funds. As of June 30, 2010, the College has approximately 4,500 individual endowment funds of which approximately 1,900 are donor-restricted funds that are used to provide funding for cost of education for students, direct student aid, various academic support programs, and other restricted uses. Part XI, Line 8 - Other Adjustments: CHANGE IN ANNUITY PAYMENT LIABILITY OF ANNUITY CONTRACTS: 336947. CHANGE IN FUNDS HELD IN TRUST BY OTHERS: 2149300. ANNUITY PAYMENTS: -1918101. INTEREST RATE SWAPS: -1418500. Part XII, Line 2d - Other Adjustments: COST OF SALES NETTED AGAINST INCOME ON 990: 1304566. RENTAL EXPENSES NETTED AGAINST INCOME ON 990: 284356. CURRENT YEAR'S ADJUSTMENT ON FUTURE ANNUITY PAYMENTS: 336947. change in funds held by others: 2149300. Part XII, Line 4b - Other Adjustments: STUDENT AID GRANTS NETTED AGAINST INCOME ON FINANCIAL STATEMENTS: 2841093. INVESTMENT MANAGEMENT FEES NETTED AGAINST INCOME ON FINANCIAL STATEMENTS: 1999388. PAYMENTS TO ANNUITANTS: 1918101. INTEREST RATE SWAPS: 1418500. Part XIII, Line 2d - Other Adjustments: COST OF SALES NETTED AGAINST INCOME ON 990: 1304566. RENTAL EXPENSES NETTED AGAINST INCOME ON 990: 284356. Part XIII, Line 4b - Other Adjustments: STUDENT AID GRANTS NETTED AGAINST INCOME ON FINANCIAL STATEMENTS: 2841093. INVESTMENT MANAGEMENT FEES NETTED AGAINST INCOME ON FINANCIAL STATEMENTS: 1999388. 1 1 0 BEREA COLLEGE IS EXEMPT FROM PUBLICIZING ITS NONDISCRIMINATORY POLICY BY NEWSPAPER OR BROADCAST MEDIA BECAUSE IT CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF STUDENTS FROM LARGE GEOGRAPHIC SECTIONS OF THE UNITED STATES. ADDITIONALLY, IT CURRENTLY ENROLLS MEANINgfUL NUMBERS OF RACIAL MINORITIES. Its PROMOTIONAL & RECRUITING EFFORTS ARE REASONABLY INTENDED to INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE AVAILABILITY of SCHOOl. IT PUBLISHES ITS RACIALLY NONDISCRIMINATORY policy IN BROCHURES AND CATALOGS DEALING WITH STUDENT admissions, PROGRAMS, AND SCHOLARSHIPS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 BEREA COLLEGE RECEIVES FEDERAL STUDENT AID ON BEHALF OF ENROLLED STUDENTS. THE COLLEGE ALSO RECEIVES AN APPROPRIATION THROUGH ITS DESIGNATION AS A WORK COLLEGE. 1 Europe (Including Iceland & Greenland) INVESTMENTS Central America and the Caribbean INVESTMENTS East Asia and the Pacific INVESTMENTS Middle East and North Africa PROGRAM SERVICE INSTRUCTIONAL COURSES 84771 South America PROGRAM SERVICE INSTRUCTIONAL COURSES 62624 Europe (Including Iceland & Greenland) PROGRAM SERVICE INSTRUCTIONAL COURSES 54399 Central America and the Caribbean PROGRAM SERVICE STUDY ABROAD 2275 East Asia and the Pacific PROGRAM SERVICE STUDY ABROAD 51452 Europe (Including Iceland & Greenland) PROGRAM SERVICE STUDY ABROAD 120054 Middle East and North Africa PROGRAM SERVICE STUDY ABROAD 65172 Russia & the Newly Independent States PROGRAM SERVICE STUDY ABROAD 6860 South America PROGRAM SERVICE STUDY ABROAD 61742 Sub-Saharan Africa PROGRAM SERVICE STUDY ABROAD 14058 0 0 523407 X X X X X X 1 GRENZEBACH GLIER AND ASSOCIATES BENCHMARK AND REVIEW 0 0 56494 0 56494 AL CA DE DC FL GA HI ID IL IN IA KS KY LA MO MT NE NV NJ NM NC ND PA RI SC SD TN TX VT WA WY 1 the david school po box 1 david KY 41616 310889471 501(c)(3) 30000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION frontier nursing service 170 prosperous place lexington KY 40509 611124266 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION henderson settlement inc po box 205 frakes KY 40940 610674965 501(c)(3) 25000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION hindman settlement school inc po box 844 hindman KY 41822 610447248 501(c)(3) 45300 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION lend a hand center 3234 ky 718 walker KY 40997 610675390 501(c)(3) 9500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION red bird mission inc 70 queendale center beverly KY 40913 610674373 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION red bird mountain medical center 53 queendale center beverly KY 40913 610945454 501(c)(3) 25000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION hospice care plus 208 kidd drive berea KY 40403 311038258 501(c)(3) 14500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION university of kentucky 219 sturgill development building lexington KY 40506 616001218 501(c)(3) 20000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION church of christ union 213 prospect st berea KY 40403 610444677 501(c)(3) 9500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION new opportunity school 204 chestnut street berea KY 40403 611323868 501(c)(3) 22500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION school sisters of st francis 1501 layton blvd milwaukee WI 53215 391594407 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION paint lick family clinic inc 11652 hwy 52 po box 65 paint lick KY 40461 611362819 501(c)(3) 26500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION national safe place inc 2411 bowman ave louisville KY 40217 204343628 501(c)(3) 12800 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION big sandy area child advocacy center 128 south college st pikeville KY 41501 611366084 501(c)(3) 11300 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION pine mountain settlement school 36 highway 510 pine mountain KY 40810 610444789 501(c)(3) 19770 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION children's center of the cumberland po box 4314 oneida TN 37841 621873070 501(c)(3) 13500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION episcopal diocese of lexington 635 maxwelton court lexington KY 40508 610536772 501(c)(3) 12000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION lotts creek community school 5837 lotts creek road hazard KY 41701 610482965 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION appalshop inc 91 madison ave whiteburg KY 41858 610890210 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION big ugly community center 1701 5th avenue harts WV 25524 550746556 501(c)(3) 10000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION habitat for humanityrestore 3800 nw 22nd ave miami FL 33142 383672967 501(c)(3) 5110 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION high rocks educational corp hc 64 box 438 hillsboro WV 24946 550743755 501(c)(3) 8000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION bethany house abuse shelter po box 864 somerset KY 42502 611276558 501(c)(3) 7500 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION hazard medical education foundation 750 morton blvd hazard KY 41701 161673654 501(c)(3) 13750 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION kentucky communities economic opportunity council po box 490 barbourville KY 40906 610647835 501(c)(3) 5000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION MADISON COUNTY HOME ENERGY IMPROVEMENT PROGRAM INC 108 HIGH ST BEREA KY 40403 264077682 501(c)(3) 5000 SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION 27 SCHOLARSHIPS/STUDENT AID GRANTS - INCLUDES PRIMARILY ROOM AND BOARD, BOOKS & SUPPLIES ASSISTANCE. THE AMOUNT OF FULL TUITION SCHOLARSHIPS FOR THE FISCAL YEAR WAS $38,279,700. 1564 2841093 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: ALL GRANT APPLICATIONS ARE KEPT IN STORAGE FOR SEVEN YEARS WITH HARD COPY AND ELECTRONIC WHEN AVAILABLE. PREVIOUSLY UNFUNDED APPLICANTS FOR GRANT MONIES FROM BEREA COLLEGE APPALACHIAN FUND (BCAF) AS WELL AS GRANTEES WHO HAVE BEEN FUNDED IN PREVIOUS YEARS FOLLOW CRITERIA AND A FORMAT WHICH ARE CLEARLY STATED ON THE PROGRAM WEBSITE. ALL APPLICANTS, WITH THE EXCEPTION OF FIRST-TIME GRANTEES, WHO ARE SUCCESSFUL IN THEIR REQUEST FOR FUNDING, MUST PROVIDE A DETAILED REPORT ON THE USE OF THE PREVIOUS YEAR'S GRANT FUNDING. THIS FORMAT AND CRITERIA ARE LOCATED ON THE SAME LOCATION OF THE BCAF WEBSITE. IN ADDITION, THE BCAF SPONSORS A GRANTEE CONFERENCE EACH SPRING WHEN ALL GRANTEES FOR THAT YEAR MEET AND CONDUCT PUBLIC PRESENTATIONS OF THEIR GRANT FUNDED WORK. THE BCAF IS IN REGULAR CONTACT WITH GRANTEES THROUGHOUT THE YEAR, VISITING EACH NEW GRANTEE AND REPEAT GRANTEES WHERE POSSIBLE. FEDERAL, STATE, INSTITUTIONAL AND OTHER GRANTS ARE AWARDED TO STUDENTS BASED ON FINANCIAL INFORMATION GAINED FROM THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) THAT IS COMPLETED EACH YEAR. A THIRD-PARTY SOFTWARE VENDOR PROVIDES THE FEDERAL REGULATIONS BY WHICH GRANTS ARE GIVEN. THE FAFSA INFORMATION COMES FROM ELECTRONIC FILES WHICH ARE PASSWORD PROTECTED. ALL STUDENT APPLICATIONS FOR GRANTS ARE STORED ELECTRONICALLY AND ARE PASSWORD PROTECTED. DISBURSEMENTS ARE REVIEWED DAILY TO INSURE ACCURACY. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 AMBURGEY JEFFREY S 133056 0 0 0 0 0 12944 0 7440 0 153440 0 0 0 BROWNER STEPHANIE P 133351 0 0 0 0 0 12924 0 7439 0 153714 0 0 0 karcher STEVEN D 145559 0 0 0 25200 0 14024 0 7468 0 192251 0 0 0 LARAMEE WILLIAM 143651 0 0 0 0 0 13724 0 7459 0 164834 0 0 0 NEWTON CAROLYN 140609 0 0 0 0 0 13464 0 7316 0 161389 0 0 0 SHINN LARRY D 285439 0 0 0 734 0 50014 0 21386 0 357573 0 0 0 WILSON ii JUDGE B 210643 0 0 0 0 0 20449 0 7441 0 238533 0 0 0 Part I, Line 1a THE PRESIDENT OF BEREA COLLEGE IS REQUIRED TO LIVE IN CAMPUS PROVIDED HOUSING TO ALLOW THE PRESIDENT TO BE AVAILABLE FOR ALL COLLEGE AND CAMPUS NEEDS. BEREA COLLEGE IS RESPONSIBLE FOR FURNISHING AND MAINTAINING THE HOUSE FOR THE PRESIDENT. THE PRESIDENT RECEIVES CHEF SERVICES WHEN PREPARING FOR OFFICIAL MEETINGS AND EVENTS. THE EMPLOYMENT AGREEMENT FOR THE VICE PRESIDENT FOR FINANCE ALLOWS FOR THE REIMBURSEMENT OF TRAVEL EXPENSES FOR AN INDIVIDUAL ACCOMPANYING THE VICE PRESIDENT DURING TRAVEL TO PROVIDE ASSISTANCE NEEDED DUE TO PHYSICAL DISABILITIES. CURRENTLY, THE PRIMARY PERSON PROVIDING THIS ASSISTANCE IS THE SPOUSE OF THE VICE PRESIDENT; HOWEVER THIS ASSISTANCE IS NOT LIMITED TO A PARTICULAR INDIVIDUAL. THE EMPLOYMENT AGREEMENT FOR THE VICE PRESIDENT FOR ALUMNI AND COLLEGE RELATIONS INCLUDES AUTHORIZATION FOR SPOUSAL TRAVEL WHEN THE SPOUSE'S PRESENCE IS REQUIRED AT A FUNCTION DIRECTLY LINKED TO DEVELOPMENT ACTIVITIES. city oF BEREA KENTUCKY 616001787 083536be1 2003-12-11 10240000 various capital projects & refund bonds issued 3/16/1994 0 0 city oF BEREA KENTUCKY 616001787 083536bw1 2005-09-27 8939461 central heat plant and various capital retrofits 0 0 city OF BEREA KENTUCKY 616001787 083536bd3 2003-07-08 21324607 REFUND BONDS ISSUED 6/6/2001 FOR various capital projects 0 0 city oF BEREA KENTUCKY 616001787 2008-07-07 4500000 emery building renovation 0 0 10253342 10253342 2004 1 0 1 1 9064215 9064215 2006 0 0 1 1 21324607 151710 21172897 2003 1 0 1 1 4636531 4636531 2009 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 ubs ag 25.500000000000 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 SHAWN JOHNSON TRUSTEE 792147 SSGA FEES MR. JOHNSON IS A TRUSTEE OF BEREA COLLEGE, AND IS A KEY EMPLOYEE OF STATE STREET GLOBAL ADVISORS, WHICH IS ONE OF THE COLLEGE'S ENDOWMENT INVESTMENT MANAGERS. BOARD MINUTES WILL SHOW THAT MR. JOHNSON RECUSES HIMSELF FROM ANY DECISIONS PERTAINING TO STATE STREET GLOBAL ADVISERS DURING INVESTMENT COMMITTEE MEETINGS. AMOUNT OF TRANSACTION INCLUDES INVESTMENT FEES PAID TO STATE STREET FOR FYE 6/30/10. NO FEES WERE PAID TO MR. JOHNSON BY THE COLLEGE. 0 NANCY SHINN PRESIDENT'S SPOUSE 32258 SALARY Nancy Shinn is the spouse of President Larry D. Shinn and is employed by Berea College as Special Assistant to the President. Compensation and benefits are determined by the Executive Committee of the Board of Trustees. Duties include participating as a member of official College delegations; representing the College at a variety of institutional, community, state, and national events; officiating or hosting College ceremonies and celebrations for faculty, staff, students, alumni, and the broader community; attending educational conferences and professional meetings nationally and internationally; assisting the President, as appropriate, in the cultivation of gifts to the College through private donors, foundations and business organizations; and other responsibilities as assigned. DURING THE 2009-10 ACADEMIC YEAR, MS. SHINN PREPARED OVER 80 EVENTS IN THE PRESIDENTS' HOME FOR OVER 1,300 VISITORS. 0 STEPHEN PULSFORD DEAN'S SPOUSE 60830 SALARY STEPHEN PULSFORD IS THE SPOUSE OF DEAN OF THE FACULTY STEPHANIE BROWNER, AND IS EMPLOYED BY BEREA COLLEGE AS ASSOCIATE PROFESSOR. 0 X 1 16000 fair market value X 12854 fair market value X 1275 fair market value X 48 1059440 FAIR MARKET VALUE X 1 1120 fair market value X 2 100 fair market value X miscellaneous 10 2332 FAIR market value X computer equipment 1 27587 faiR market value X art supplies 6 8809 faiR market value X musical instruments 1 1850 fAIR market value 0 0 1 0 Form 990, Part VI, Section A, line 4 DURING THE 2009-10 FISCAL YEAR, THE BY-LAWS OF BEREA COLLEGE (PRIMARILY SECTIONS 6 AND 7) WERE AMENDED TO REFLECT CONSOLIDATION AND REDUCTION IN THE SIZE OF THE ADMINISTRATIVE AND ORGANIZATIONAL STRUCTURE OF THE COLLEGE. THESE CHANGES INCLUDE THE MERGER OF THE ACADEMIC OFFICER POSITIONS OF THE ACADEMIC VICE-PRESIDENT AND PROVOST AND THE DEAN OF FACULTY INTO A SINGLE OFFICER POSITION KNOWN AS THE ACADEMIC VICE-PRESIDENT AND DEAN OF THE FACULTY, WITH SUCH OFFICER HAVING ALL OF THE DUTIES AND RESPONSIBILITIES OF THE FORMER TWO POSITIONS. OWING TO THE COLLEGE'S INCREASED EMPHASIS ON SUSTAINABILITY, THE BY-LAWS (PRIMARILY SECTION 8) WERE ALSO AMENDED TO REFLECT THAT THE OFFICER POSITION OF VICE-PRESIDENT FOR BUSINESS AND ADMINISTRATION WAS RETITLED AS THE VICE-PRESIDENT FOR OPERATIONS AND SUSTAINABILITY, WITH SUCH OFFICER POSITION HAVING ALL OF ITS EXISTING DUTIES AND RESPONSIBILITIES, AS WELL AS THE ADDITIONAL RESPONSIBILITY OF SERVING AS THE COLLEGE'S CHIEF SUSTAINABILITY OFFICER. THESE AMENDMENTS WERE ADOPTED BY THE BOARD OF TRUSTEES OF BEREA COLLEGE AT ITS REGULAR MEETING ON MAY 22, 2010, EFFECTIVE AS OF JULY 1, 2010. Form 990, Part VI, Section B, line 11 FORM 990 WILL BE REVIEWED BY A SUBCOMMITTEE APPOINTED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE REVIEW WILL OCCUR IN JANUARY AND FEBRUARY OF EACH YEAR AND WILL INCLUDE AT LEAST ONE CONFERENCE CALL FOR DISCUSSION. FORM 990 WILL BE DISTRIBUTED TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FEBRUARY MEETING AND THE FILING DATE OF THE FORM 990. Form 990, Part VI, Section B, line 12c Berea College (the College) maintains a conflict of interest policy applicable to trustees and institutional officers. All trustees and institutional officers receive copies of the policy and a disclosure statement on an annual basis. The disclosure statement must be completed by all trustees and officers regardless of the presence of a conflict. In addition to the annual disclosure, the policy requires the disclosure statement to be updated whenever the trustee or officer becomes aware of a new or anticipated conflict of interest transaction that has not been previously reported. COMPLETED Disclosure statements are forwarded by the Vice President for Finance to the President of the College and the Chair of the Audit Committee of the Board of Trustees. Any conflict of interest transaction or other matter reported by a trustee or officer is then addressed in accordance with the policy. A separate conflict of interest policy is applicable to all employees of the College. The policy is distributed to new employees upon hire and to all employees annually via e-mail. Any employee who has or whose relative has a substantial interest in a contract, sale, purchase or other transaction by or with the College must make known that interest on the appropriate disclosure form provided by the College. All completed disclosure forms are reviewed by the Administrative Committee of the College for determination of a conflict of interest. All instances reported are forwarded to the Audit Committee of the Board of Trustees for review. Form 990, Part VI, Section B, line 15 In the spring of each year, the College's Office of Institutional Research and Assessment (OIRA) prepares a comparative analysis of presidential and officer salaries and benefits at the College's Frame of Reference (FOR) benchmark institutions comprised of 26 independent colleges and universities which have operational, programmatic and budgetary similarities to Berea College. This information is compiled from data collected through the Administrative Compensation Survey conducted annually by the College and University Personnel Association (CUPA). Every four years, a separate survey is sent by OIRA directly to the college FOR institutions to gather additional information. ORIA also prepares an analysis comparing the salaries of the College's President and other officers to those of a larger group (approximately 95 institutions) of independent, baccalaureate, general and liberal arts colleges and universities. Concurrently, the Chair of the Board undertakes an annual assessment of the President's performance. Periodically (usually every four years), the Chair conducts a comprehensive evaluation of the President. The benchmark salary data is transmitted to the Chair and the Vice Chair of the Board of Trustees. The President prepares a self-assessment that is discussed with the Chair and shared with all members of the Board of Trustees. The Chair then develops a recommendation concerning the President's salary and benefits in the context of the College's entire budget process using the above information along with historical salary and benefit data for the President and any other external resources that are available. The Chair next reports to the Executive Committee of the Board of Trustees on the President's performance assessment and presents all of the benchmark and historical salary information, together with the Chair's recommendation on the setting of the President's compensation for the coming year. The Executive Committee then reviews all of the foregoing information together with the Chair's recommendation and prepares its own recommendation concerning the President's compensation. At each May meeting of the Board of Trustees, the Board meets, in executive session, to receive a report from the Chair concerning all of this information and the recommendation of the Executive Committee. Following discussion, the Board adopts a resolution setting the President's new compensation levels for the next fiscal year, beginning on July 1st. Following the same timeline and utilizing the same comparative data outlined above, the President prepares compensation recommendations for the College's subordinate officers in the context of each officer's historical salary and benefit information and the President's assessment of each officer's performance during the preceding year. The President then meets with the Chair and Vice Chair of the Board to present the compensation recommendations for each officer. The President's assessment of each officer's performance as well as the comparative and historical salary and benefit information is shared with the Chair and Vice Chair for review and possible adjustment in the context of the College's entire budget process. At each May meeting of the Executive Committee, the President presents compensation recommendations for each officer along with a summary of the comparative and historical information outlined above together with brief comments on each officer's performance. The Executive Committee discusses these recommendations and, by resolution, approves or modifies the President's recommendations. These actions are then reported to the full board. Form 990, Part VI, Section C, line 19 THE COLLEGE'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE COLLEGE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE VIA THE WEBSITE. FORM 990, PART XI, LINE 2C THE COLLEGE'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT, SUBJECT TO THE APPROVAL OF THE FULL BOARD OF TRUSTEES. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments THE COLLEGE HIRED A DEVELOPMENT CONSULTANT TO BENCHMARK WITH SIMILAR INSTITUTIONS, REVIEW DEPARTMENTAL STRUCTURE, FUNCTIONS, ETC. AND MAKE OBSERVATIONS AND RECOMMENDATIONS. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W-3 BEREA COLLEGE, CLASSIFIED AS A FEDERAL WORK COLLEGE, HAS A STUDENT LABOR PROGRAM IN WHICH ALL STUDENTS ARE REQUIRED TO WORK 10 OR MORE HOURS PER WEEK. SOME STUDENTS WORK DURING THE NON-ACADEMIC PERIODS OF THE YEAR AND EARN TAXABLE INCOME. STUDENTS EARNING TAXABLE INCOME ARE INCLUDED IN THE TOTAL REPORTED. OF THE 1,215 EMPLOYEES REPORTED, 565 WERE STUDENTS. FORM 990, PART VII TRUSTEE TIME COMMITMENT TRUSTEES ATTEND THREE REGULAR BOARD MEETINGS ANNUALLY. EACH MEETING REQUIRES A TIME COMMITMENT OF AT LEAST TWO DAYS. ALL TRUSTEES ARE PROVIDED A SUBSTANTIAL VOLUME OF PREPARATORY MATERIALS PRIOR TO EACH MEETING AND ONLINE DISCUSSION BOARDS ARE PROVIDED IN ORDER TO ALLOW SOME MATTERS TO BE DISCUSSED PRIOR TO ACTUAL MEETING DATES. THE BOARD CHAIR AND COMMITTEE CHAIRS HAVE ADDITIONAL RESPONSIBILITIES AND MUST DEVOTE MORE TIME TO PREPARATION. FROM TIME TO TIME SPECIAL TELEPHONIC COMMITTEE MEETINGS AND/OR PHYSICAL MEETINGS ARE REQUIRED TO ADDRESS ISSUES THAT REQUIRE DISCUSSION OR DECISIONS BEFORE THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART III, LINE 1 ORGANIZATION MISSION - CONTINUED FROM PAGE 2 The College has one campus located in Berea, Kentucky, with an enrollment of approximately 1,600 students and employing approximately 450 non-student employees. Founded in 1855, Berea College was the first college in the South to educate blacks and whites, women and men, together. The College has an inclusive Christian character, expressed in its motto "God has made of one blood all peoples of the Earth." Minorities and international students currently make up approximately 30% of the student population. Over 50% of first-year students come from families where neither parent has a college degree. Guided by a self-help philosophy, Berea has long been committed to seeking out academically promising students from low-income families in Central and Southern Appalachia and providing them full-tuition scholarships. Currently, the average annual household income of Berea students is about $30,000. Accordingly, the College is dependent on gifts and donations to help provide a low cost but high quality education. Since the College provides full-tuition scholarships for all students, this cost is funded internally primarily from the spendable return on the institution's endowment that funds approximately 78% of the net educational and general operating budget. Annual fund gifts contribute another 9% of the budget. In addition to the full-tuition scholarships for every student, the College also provides institutional grant aid to assist students with room, board, books and supplies. As one of a handful of recognized Work Colleges in the United States, Berea's students are required to work a minimum of ten hours weekly in an integrated work-learning-service program. Berea's Labor Program helps in staffing College operations, provides a democratic environment, helps students develop a strong work ethic, and demonstrates that all labor - mental and manual - has dignity. Although the earnings are modest, they provide an important resource for meeting the non-tuition costs of a Berea education. Because Berea intentionally serves a population with limited financial resources, about 50% of Berea's students come from families who can contribute nothing to their college costs. The hallmarks of Berea College are that it offers a residential, tuition-free, liberal arts education for men and women of all races, ethnicities, and religions, in a community dedicated to egalitarian principles. The College is committed to serving the Appalachian region primarily through education but also by other appropriate services. The Appalachian Center was created in 1970 to bring together existing outreach programs and to guide the creation of new services. The Center gives concentrated leadership to Berea's Appalachian activities and serves the nation as a source of information about Appalachia. The Center for Excellence in Learning Through Service was created in 2000 to house a variety of student-led service programs and community outreach offices integrating service into the College's curriculum. Under a grant from the U.S. Department of Education, the College also operates a "Gaining Early Awareness and Readiness for Undergraduate Program" (GEAR UP) partnership serving 6 high-poverty school districts through intensive programming and relationships with 10 schools in 5 Appalachian counties in Kentucky. Berea has demonstrated its commitment to plain and sustainable living through campus structures, curriculum, and operations. Berea College had the first Leadership in Energy and Environmental Design (LEED) certified building in Kentucky (historic Lincoln Hall, built in 1886). Berea College has completed approximately $140 million in sustainable design projects on campus, including construction of the state's first Ecovillage and a state-of-the-art central plant that increases the heating and cooling capacity for the campus while significantly reducing energy consumption. Foods grown at the College farm and greenhouses are served in the student dining hall. The College curriculum includes sustainable design courses and living "green" is a part of student experiences in the residence halls. berea interchange development corp ste 220 lincoln hall berea KY 40404 611124566 holds land KY 501(c)(2) N/A berea college 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 berea interchange development corp