2026-05-15T11:59:02-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 570314404 NEWBERRY COLLEGE NEWB 8032765010 2100 COLLEGE STREET NEWBERRY SC 29108 MARGARET MORRIS AVP OF FINANCE 8032765010 2026-05-15 1 0 DAREN DAIGA P01074795 5055022746 2026-05-15 2024 2025-03-06 01:10:19Z DAVID HARPOOL 2100 COLLEGE STREET NEWBERRY SC 29108 67312021 0 X WWW.NEWBERRY.EDU X 1856 SC PROVIDE UNDERGRADUATE EDUCATION FOR APPROXIMATELY 1,000 STUDENTS. 23 23 629 30 0 0 3632939 4627005 57384213 61139960 209390 488173 35367 29422 61261909 66284560 24214221 33725542 0 0 17638516 18565695 0 0 1326411 25326319 27485300 67179056 79776537 -5917147 -13491977 79661514 84070913 47411752 63989219 32249762 20081694 X NEWBERRY COLLEGE CHALLENGES AND NURTURES STUDENTS FOR LIFETIMES OF SERVICE AND LEADERSHIP THROUGH INTELLECTUAL TRANSFORMATION, SOCIAL DEVELOPMENT, A CULTURE OF PHYSICAL WELL BEING, AND SPIRITUAL GROWTH BY PROVIDING A CHRISTIAN EDUCATION IN THE LUTHERAN TRADITION. 0 0 46717371 33725542 44819816 INSTRUCTIONNEWBERRY COLLEGE HAS A RICH TRADITION OF PROVIDING PERSONAL ATTENTION, CHALLENGING ACADEMIC PROGRAMS, AND A CLOSE-KNIT COMMUNITY THAT WELCOMES EVERYONE. WE COMBINE OUR STRONG LIBERAL ARTS FOUNDATION WITH SPECIALIZED PROFESSIONAL DEGREE PROGRAMS TO PREPARE STUDENTS FOR SUCCESSFUL FUTURES. NEWBERRY COLLEGE PREPARES STUDENTS IN THE LUTHERAN LIBERAL ARTS TRADITION THROUGH OUR SUPPORTIVE ACADEMIC COMMUNITY FOR LIFELONG INTELLECTUAL AND PERSONAL DEVELOPMENT, MEANINGFUL VOCATION, AND ENGAGED CITIZENSHIP IN THE GLOBAL SOCIETY.INTELLECTUAL DEVELOPMENTSTUDENTS WILL ACQUIRE, DEVELOP, AND DEMONSTRATE:-KNOWLEDGE OF THE ARTS, SCIENCES, AND HUMANITIES AS WAYS OF UNDERSTANDING THE WORLD AND OUR PLACE IN IT.-EFFECTIVE ORAL AND WRITTEN COMMUNICATION SKILLS.-CRITICAL THINKING AND QUANTITATIVE ANALYTICAL SKILLS NECESSARY FOR INTERPRETING INFORMATION AND SOLVING PROBLEMS IN A 21ST-CENTURY GLOBAL SOCIETY.-PROFICIENCY IN INFORMATION LITERACY.PERSONAL DEVELOPMENTSTUDENTS WILL ACQUIRE, DEVELOP, AND DEMONSTRATE:-THE ABILITY TO WORK WITH OTHERS AS LEADERS OR AS MEMBERS OF A TEAM TO ACCOMPLISH COMMON GOALS IN A DIVERSE SOCIETY.-AN UNDERSTANDING OF THE HERITAGE OF THE CHRISTIAN FAITH AND ITS CONTRIBUTION TO HUMANE PROBLEM SOLVING IN THE EVOLVING GLOBAL COMMUNITY.-MORAL REASONING SKILLS ESSENTIAL FOR MAKING LIFE CHOICES THAT BALANCE PERSONAL FREEDOMS AND SOCIETAL RESPONSIBILITIES.-THE KNOWLEDGE, ATTITUDES, AND HABITS THAT CONTRIBUTE TO A HEALTHY LIFESTYLE.MEANINGFUL VOCATIONSTUDENTS WILL ACQUIRE, DEVELOP, AND DEMONSTRATE:-KNOWLEDGE OF THE HISTORY, METHODS OF INQUIRY, AND CURRENT INTELLECTUAL CLAIMS OF A CHOSEN SPECIFIC DISCIPLINE OR INTERDISCIPLINARY AREA OF STUDY.-KNOWLEDGE AND SKILLS THAT FOSTER LIFE-LONG PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT IN THEIR VOCATIONAL PURSUITS.ENGAGED CITIZENSHIP IN A GLOBAL SOCIETYSTUDENTS WILL ACQUIRE, DEVELOP, AND DEMONSTRATE:-THE VALUES NECESSARY FOR EFFECTIVE CITIZENSHIP.-THE SKILLS AND HISTORICAL KNOWLEDGE TO THINK CRITICALLY ABOUT COMPLEX NATIONAL AND GLOBAL ISSUES.-THE QUALITIES OF PERSONAL AND SOCIAL RESPONSIBILITY NECESSARY TO SUSTAIN AND DEEPEN DEMOCRACY. 13432994 651863 STUDENT SERVICESAT NEWBERRY COLLEGE, LEARNING TAKES PLACE BOTH INSIDE AND OUTSIDE THE CLASSROOM. NO MATTER WHERE A STUDENT FINDS THEMSELVES -- ON-CAMPUS, IN-TOWN, OR OFF-THE-BEATEN-PATH -- THEY EXCHANGE IDEAS AND BUILD RELATIONSHIPS WITH FACULTY, OTHER STUDENTS, AND COMMUNITY MEMBERS ALIKE. STUDENTS DISCOVER THE "CLASSROOM" EXTENDS FAR BEYOND IVY-COVERED WALLS TO THE GREATER NEWBERRY COMMUNITY, REGION, AND WORLD. STUDENTS LIVE, LEARN, PLAY, AND GET A WHOLE LIFE EDUCATION AT NEWBERRY. THE OFFICE OF RESIDENCE LIFE ENCOURAGES COMMUNITY AND INDIVIDUAL GROWTH THROUGH EFFECTIVE RESIDENTIAL PROGRAMMING AND COMMUNITY INVOLVEMENT. WE STRIVE TO CREATE AN ENVIRONMENT THAT STUDENTS CALL HOME AND A COMMUNITY THAT FEELS LIKE A FAMILY. WE BELIEVE THIS RESIDENTIAL CULTURE IS IMPERATIVE TO OUR MISSION AND AN IMPORTANT PART OF A THE LEARNING PROCESS. WE SUPPORT STUDENTS BY PROVIDING EVERYTHING STUDENTS NEED TO BE SUCCESSFUL INCLUDING ACADEMIC ASSISTANCE, CAREER GUIDANCE, HEALTH CARE, DEVELOPMENT, COMMUNITY SERVICE INVOLVEMENT, AND ACADEMIC EXCELLENCE. GREEK ORGANIZATIONS ARE GOVERNED BY THEIR RESPECTIVE COUNCILS; IFC, NPC, AND NPHC.ACCESSIBILITY AND AFFORDABILITY ARE PARAMOUNT. 10370402 15668281 AUXILIARY ENTERPRISESSTUDENT DINING EXPERIENCE IS MORE THAN GREAT FOOD. IT IS COMMUNITY EXPERIENCE CENTERED ON CULINARY EXPERTISE, FRESH INGREDIENTS, HEALTHY OPTIONS AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OUR TEAM IS COMMITTED TO CREATING THE BEST POSSIBLE DINING EXPERIENCE. JOIN US TO EXPERIENCE THE COMFORT, CONVENIENCE, OUTSTANDING FOOD AND INVITING ATMOSPHERE DESIGNED ESPECIALLY FOR STUDENTS. 2168441 ACADEMIC SUPPORTAT NEWBERRY COLLEGE, SUPPORTING STUDENTS ON THEIR ACADEMIC AND CO-CURRICULAR JOURNEY IS OUR TOP PRIORITY. STUDENTS HAVE ACCESS TO A VARIETY OF SUPPORT SYSTEMS INCLUDING PEER AND PROFESSIONAL TUTORING, ACADEMIC COACHING, AND ACADEMIC INTERVENTIONS.THE COLLEGE HAS A ROBUST EARLY ALERT AND ACADEMIC RECOVERY PROGRAM TO HELP IDENTIFY AND SUPPORT STUDENTS AS EARLY AS POSSIBLE.THE COLLEGE HAS AN OFFICE FOR CAREER EXPLORATION AND PREPARATION THAT SUPPORTS STUDENTS IN OBTAINING ON-CAMPUS WORK, INTERNSHIPS, AND EMPLOYMENT. NEWBERRY COLLEGE HAS SPECIFIC PROGRAMS TO SUPPORT LEARNERS WITH LEARNING DIFFERENCES WHO NEED SPECIFIC SUPPORT AND/OR EDUCATIONAL ACCOMMODATIONS. STUDENTS HAVE THE OPPORTUNITY FOR ONE-ON-ONE SUPPORT. FURTHERMORE, THE COLLEGE DEVELOPED AND IMPLEMENTED A UNIQUE PROGRAM TO SUPPORT STUDENTS WITH DYSLEXIA. 2168441 72689208 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1840 0 1 629 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SIDNEY H PARRISH 8032765010 2100 COLLEGE STREET NEWBERRY SC 29108 DR LENNA YOUNG BOARD CHAIR 10.00 X X 0 0 0 MR KEVIN STEELMAN VICE CHAIR 10.00 X X 0 0 0 MR JON HART TREASURER 5.00 X X 0 0 0 MS MARY GRATE-PYOS SECRETARY 8.00 X X 0 0 0 DR TREY CASTLES TRUSTEE/EXE COMM AT LARGE 5.00 X 0 0 0 MS JESSICA SHEALY TRUSTEE/ALIMNI REP 5.00 X 0 0 0 MR TODD SANDERS TRUSTEE/ATHLETIC CLUB REP 5.00 X 0 0 0 MR LAMONT WELLS TRUSTEE/ELCA REP 5.00 X 0 0 0 KEITH AVERY TRUSTEE 5.00 X 0 0 0 MR DD BOYD TRUSTEE 5.00 X 0 0 0 MR HUGO A PEARCE III TRUSTEE 10.00 1.00 X 0 0 0 MR JOE TRAINOR TRUSTEE 5.00 X 0 0 0 MR KEVIN RAINES TRUSTEEE 5.00 X 0 0 0 MR KEVIN STRICKLAND TRUSTEE 5.00 X 0 0 0 MS LISA WAGNER TRUSTEE 5.00 X 0 0 0 MR NED TUPPER TRUSTEE 5.00 X 0 0 0 MS PATRICIA PEARSON TRUSTEE 5.00 X 0 0 0 MR WILLIAM STEEN TRUSTEE 5.00 X 0 0 0 MR MARK HAMMOND TRUSTEE 5.00 X 0 0 0 MR JEROME SINGLETON TRUSTEE 5.00 X 0 0 0 MR SYLVESTER COLEMAN TRUSTEE 5.00 X 0 0 0 MR FRANK SNYDER TRUSTEE 5.00 2.00 X 0 0 0 MS ERIN WHITAKER TRUSTEE 5.00 X 0 0 0 MR JAMES P COGGINS TRUSTEE (PART YEAR) 5.00 X 0 0 0 MR ROBERT BEST TRUSTEE (PART YEAR) 5.00 X 0 0 0 DR MAURICE SCHERRENS PRESIDENT (PART YEAR) 37.50 1.00 X 239083 0 24578 DR SIDNEY H PARRISH VP OF ADMIN/ VP OF OIRE (PART YEAR) 37.50 X 146191 0 19717 DR DAVID HARPOOL TRANSITIONAL PRES/ADVISOR TO THE PRES (PART YEAR) 37.50 X 144471 0 19218 MR JOE BOTANA VP ADMIN AFFAIRS & CFO (PART YEAR) 20.00 X 0 0 0 MR WILLIAM NASH VP OF ADVANCEMENT 37.50 2.00 X 152761 0 28384 MR SEAN JOHNSON ATHLETICS DIRECTOR 37.50 X 127638 0 32861 DR STEVEN MCCLUNG DEAN 37.50 X 142917 0 7146 MR TODD KNIGHT HEAD COACH, FOOTBALL 37.50 X 120481 0 16799 MR BARRY MCCLANAHAN VP STUDENT AFFAIRS (PART YEAR) 37.50 X 123181 0 6790 1196723 0 155493 14 0 1 0 METZ CULINARY MANAGEMENT LLC 2 WOODLAND DR DALLAS PA 18612 CAMPUS DINING SERVICES 4617309 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FACILITIES AND MAINTENANCE SERVICES 3824627 TRIANGLE CONSTRUCTION CO INC PO BOX 6266 GREENVILLE SC 29606 CONSTRUCTION SERVICES 3055785 OAKLAND MILL MANAGER LLC PO BOX 734 NEWBERRY SC 29108 RENTAL OF RESIDENCE HALL 596600 NET3 TECHNOLOGY INC 108 EDINBURGH CT GREENVILLE SC 29607 IT SERVICES 593421 24 5900 718354 3902751 4566 4627005 TUITION AND FEES 611310 43754887 43754887 AUXILIARY ENTERPRISES 611310 15668281 15668281 1716792 1716792 61139960 508493 508493 998258 1018578 -20320 -20320 -20320 38305 5900 8883 29422 29422 66284560 61139960 0 517595 8063000 8063000 25662542 25662542 583988 499116 54616 30256 116382 116382 14759899 12711509 1277825 770565 382683 334948 23570 24165 1616706 1402465 113552 100689 1106037 977147 70383 58507 258522 258522 158249 158249 100685 100685 4634745 4295456 231753 107536 39147 14901 530 23716 4168796 3077941 984841 106014 1456278 1237836 218442 4786907 4090416 670127 26364 4792595 4756711 18758 17126 63815 33301 1973 28541 3091049 2735726 337819 17504 2818912 2411328 392156 15428 1029525 298790 730735 MAINTENANCE AND REPAIRS 86075 86075 79776537 72689208 5760918 1326411 78985 5054065 1917304 85456 2636120 1915763 1400454 2229234 435975 644360 103719990 54443249 48512068 49276741 15187685 16194565 6563942 6600165 2928981 2070564 79661514 84070913 5164378 3896791 360294 1057016 38067465 45676028 1624071 12339112 2195544 1020272 47411752 63989219 X 10627711 -3607807 21622051 23689501 32249762 20081694 79661514 84070913 X -13491977 1211114 112795 X 0 1 X 1 1 1 X 6926693 16291894 10493487 3632939 4627005 41972018 6926693 16291894 10493487 3632939 4627005 41972018 5249099 36722919 589842 430308 476576 481157 508493 2486376 31701 29451 30895 35367 29422 156836 44615230 213702392 0.82310 0.84000 X SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 627345 X X 0 21240928 644807 1700707 940399 22646043 19691034 297418 2175595 923119 21240928 16880555 2296244 1536594 1022359 19691034 19592471 1487800 -3161556 1038160 16880555 17540875 432412 2647767 1028583 19592471 0.25517 0.74483 0.00000 0 0 2436772 2436772 81760406 36103268 45657138 19305885 18123054 1182831 216927 216927 0 49276741 FIXED INCOME 6600165 F 6600165 FINANCING LEASE RIGHT-OF-USE LIABILITIES 141745 OPERATING LEASE RIGHT-OF-USE LIABILITIES 878527 1020272 PART III, LINE 4: THE NEWBERRY COLLEGE ARCHIVES IS EVOLVING FROM A PART-TIME INITIATIVE INTO A FORMAL RECORDS REPOSITORY, RESEARCH LIBRARY, AND OUTREACH PROGRAM THAT SERVES BOTH INTERNAL AND EXTERNAL STAKEHOLDERS. THE ARCHIVES DOCUMENTS THE HISTORY OF THE COLLEGE BY APPRAISING, COLLECTING, ORGANIZING, DESCRIBING, AND PRESERVING RECORDS AND OTHER MATERIALS OF PERMANENT INSTITUTIONAL VALUE. IT ALSO PROVIDES RESEARCH ASSISTANCE TO ADMINISTRATORS, FACULTY, STAFF, STUDENTS, ALUMNI, AND THE PUBLIC, WHILE INTERPRETING AND PROMOTING THE HISTORY OF NEWBERRY COLLEGE TO THE CAMPUS COMMUNITY AND BEYOND. BY PRESERVING AND INTERPRETING THE COLLEGE'S 160-YEAR HISTORY OF PREPARING STUDENTS IN THE LUTHERAN LIBERAL ARTS TRADITION FOR INTELLECTUAL AND PERSONAL DEVELOPMENT, MEANINGFUL VOCATION, AND ENGAGED CITIZENSHIP, THE ARCHIVES MAKES A SIGNIFICANT CONTRIBUTION TO THE INSTITUTION'S MISSION AND IDENTITY. PART V, LINE 4: THE COLLEGE'S ENDOWMENTS CONSIST OF APPROXIMATELY 360 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AS A RESULT OF DONOR CONTRIBUTIONS. 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 ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. SCHEDULE E, PART I, LINE 6 THE COLLEGE UTILIZES THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL DIRECT LOANS, FEDERAL PELL GRANTS, FEDERAL WORK STUDY, AND TEACH GRANTS. THE COLLEGE HAS RECEIVED THE NATIONAL SCIENCE FOUNDATION GRANT FOR EDUCATION AND HUMAN RESOURCES. LASTLY, THE COLLEGE HAS COMMUNITY FACILITY DIRECT LOANS THROUGH THE USDA. SPRING GOLF TOURNAMENT 27805 27805 513 3187 905 HOWLING WOLF NIGHT 16400 5900 10500 4143 135 44205 5900 38305 513 3187 5048 135 8883 29422 1 NEWBERRY COLLEGE FOUNDATION 2100 COLLEGE STREET NEWBERRY SC 29108 576026382 501(C)(3) 8063000 0 TRANSFER TO SUPPORTING ORGANIZATION FOR NMTC 1 0 SCHOLARSHIPS 1511 25662542 PART I, LINE 2: AWARDED GRANTS AND SCHOLARSHIPS ARE DIRECTLY CREDITED AGAINST THE STUDENT'S TUITION BALANCE; NO CASH CHANGES HANDS. THE FINANCIAL AID OFFICE TRACKS THE AMOUNTS AWARDED AND PERIODICALLY RUNS REPORTS TO CHECK FOR CHANGES IN ELIGIBILITY FOR ALL OUTSIDE GRANTS OR SCHOLARSHIPS. THE GRANT MADE TO OTHER ORGANIZATIONS WAS MADE TO THE COLLEGE'S SUPPORTING ORGANIZATION WHICH WAS ESTABLISHED FOR THE SOLE PURPOSE OF SUPPORTING THE COLLEGE. SHARED OFFICER AND BOARD MEMBERS ENSURE THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X X 1 1 X 0 0 0 0 0 0 0 0 0 DR MAURICE SCHERRENS PRESIDENT (PART YEAR) 239083 0 0 0 0 0 11954 0 12624 0 263661 0 0 0 MR WILLIAM NASH VP OF ADVANCEMENT 152761 0 0 0 0 0 6492 0 21892 0 181145 0 0 0 DR SIDNEY H PARRISH VP OF ADMIN/ VP OF OIRE (PART YEAR) 146191 0 0 0 0 0 7421 0 12296 0 165908 0 0 0 DR DAVID HARPOOL TRANSITIONAL PRES/ADVISOR TO THE PRE 144471 0 0 0 0 0 6672 0 12546 0 163689 0 0 0 MR SEAN JOHNSON ATHLETICS DIRECTOR 127638 0 0 0 0 0 6891 0 25970 0 160499 0 0 0 DR STEVEN MCCLUNG DEAN 142917 0 0 0 0 0 7146 0 0 0 150063 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT IS PROVIDED A HOME ON UNIVERSITY GROUNDS. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT. THE UNIVERSITY ALSO PROVIDES GROUNDS CARE AND HOUSEKEEPING FOR THE HOME SINCE THE PRESIDENT HOSTS FUNCTIONS FOR THE UNIVERSITY AT HIS HOME. THESE SERVICES ARE PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT. SANDRA SCHERRENS PRESIDENT'S SPOUSE 116382 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE SIX (6) MEMBERS, ALL OF WHOM SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL BE EX OFFICIO WITHOUT VOTE AND NOT COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIR, VICE CHAIR, SECRETARY AND TREASURER OF THE BOARD OF TRUSTEES SHALL BE MEMBERS. IN ADDITION, ONE (1) TRUSTEE SHALL BE NOMINATED BY THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE AND ELECTED BY THE BOARD AT THE ANNUAL MEETING TO SERVE AT-LARGE ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD: 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT, TO ADDRESS THE BUSINESS OF THE BOARD BETWEEN BOARD MEETINGS; AND 2) IT SHALL ASSIST THE CHAIR AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF BOARD COMMITTEES WORK. THE EXECUTIVE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD: PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE CHARTER, CONSTITUTION OR THESE BYLAWS; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. THESE BYLAWS OR OTHER BOARD POLICY MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES. IN ADDITION TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED TO THE BOARD'S NEXT SCHEDULED MEETING, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS OR PROGRESS ON PLANNING GOALS, THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND ASSESS HIS OR HER PERFORMANCE, AND REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND CONDITIONS OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE CHAIRMAN OF THE BOARD OF TRUSTEES, PRESIDENT, CFO, VICE CHAIRMAN OF THE BOARD OF TRUSTEES, AND TREASURER OF THE BOARD OF TRUSTEES ARE RESPONSIBLE FOR REVIEWING SIGNED STATEMENTS ENSURING THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT. THE PRESIDENT SETS THE COMPENSATION FOR THE OTHER OFFICERS AND INFORMS THE BOARD OF THE COMPENSATION. COMPENSATION DATA FROM SIMILAR REGIONAL INSTITUTIONS IS USED FOR COMPARISON. THE APPROVAL PROCESS IS DOCUMENTED IN HR FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL TRUSTS 112,795. NEWBERRY COLLEGE FOUNDATION 2100 COLLEGE STREET NEWBERRY SC 29108 576026382 TO SUPPORT THE MISSION OF THE COLLEGE SC 501(C)(3) LINE 12A, I N/A 0 PETER B WRIGHT TRUST TRUST SC NEWBERRY COLLEGE T 132478 1.00000 1 STOUDENMIRE TRUST 100 NORTH MAIN STREET WINSTONSALEM NC 27150 TRUST SC NEWBERRY COLLEGE T 17052 1.00000 1 WATSON WALLACE TRUST TRUST SC NEWBERRY COLLEGE T 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 NEWBERRY COLLEGE FOUNDATION K NEWBERRY COLLEGE FOUNDATION B 8063000 NMTC