2024-05-14T08:22:15-07:00 2023-06-30 990 2022-07-01 580566133 BERRY COLLEGE INC BERR 7062362239 PO Box 490129 Mount Berry GA 301490129 Brian I Erb Vice President for Finance 7062362265 2024-05-14 Brian I Erb 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Stephen R Briggs PO Box 490129 Mount Berry GA 301490129 211892138 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. 26 26 2999 0 0 0 20593629 25451330 115380190 120254619 66804976 52442819 1392427 4684633 204171222 202833401 56034898 55216702 0 0 56325401 60857947 0 0 3119636 50118984 52025295 162479283 168099944 41691939 34733457 1464693687 1506743308 131329154 120821099 1333364533 1385922209 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 35325623 0 88622550 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. (2,287 students) 17347539 0 27080442 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. (2,287 students) 36168379 0 2757782 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. (2,287 students) 55216702 55216702 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. (2,287 students) 0 0 1793845 Higher Education: Other program service revenue. 55216702 55216702 1793845 144058243 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 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 1 3423 0 1 2999 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 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 7062362265 2277 Martha Berry Highway Mount Berry GA 301490129 Stephen R Briggs President 40 0 X 633256 0 71366 Brian I Erb Treasurer/V P for Finance 40 0 X 466388 0 75539 Cynthia Court V P for Advancement 40 0 X 261332 0 52694 Nancy Rewis V P for Marketing and Communication 40 0 X 222485 0 67203 Joyce Heames Dean Campbell School of Business 40 0 X 242194 0 37421 Debbie E Heida Chief of Staff 40 0 X 223928 0 36523 Andrew Bressette V P for Enrollment 40 0 X 206156 0 45283 R Daniel Price Secretary 40 0 X 158895 0 30231 Mairo Akpose-Simpson Trustee 0 0 X 0 0 0 Sheila Allen Trustee 0 0 X 0 0 0 David Asbury Trustee 0 0 X 0 0 0 D Randolph Berry Trustee 0 0 X 0 0 0 Brian Brodrick Trustee 0 0 X 0 0 0 Brandon D Bushnell Trustee 0 0 X 0 0 0 Steven J Cage Trustee 0 0 X 0 0 0 Peter J Capponi Trustee 0 0 X 0 0 0 Aaron Chastain Trustee 0 0 X 0 0 0 G Bert Clark Jr Trustee 0 0 X 0 0 0 John Coleman Trustee 0 0 X 0 0 0 John D Eadie Trustee 0 0 X 0 0 0 Richard W Gilbert Trustee 0 0 X 0 0 0 Vincent L Griffith Trustee 0 0 X 0 0 0 Craig Heyl Trustee 0 0 X 0 0 0 Angie Lewis Trustee 0 0 X 0 0 0 Roger W Lusby III Trustee 0 0 X 0 0 0 Araya Mesfin Trustee 0 0 X 0 0 0 Peter M Musser Trustee 0 0 X 0 0 0 Brent D Ragsdale Trustee 0 0 X 0 0 0 Robert Swarthout Trustee 0 0 X 0 0 0 Fred J Tharpe Trustee 0 0 X 0 0 0 Roger C Tutterow Trustee 0 0 X 0 0 0 Martha Berry Walstad Trustee 0 0 X 0 0 0 Sarah Warren Trustee 0 0 X 0 0 0 Cecil B Wright III Trustee 0 0 X 0 0 0 2414634 0 416260 58 0 1 0 ARAMARK Inc P O Box 490026 Mount Berry GA 30149 Food Service 9050708 Moriah Services LLC 6262 Big Texas Valley Rd NW Rome GA 30165 Waste Management 298429 Ruffalo Noel Levitz LLC 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Enrollment Management Services 243152 BDO USA LLP P O Box 642743 Pittsburgh PA 15264 Accounting Firm 235271 Trees Unlimited PO Box 10 Cave Spring GA 30124 Tree Services 202420 11 0 0 0 0 1421635 24029695 463885 25451330 Tuition and Fees 611310 88622550 88622550 0 0 Sales and Services Auxiliary 611310 27080442 27080442 0 0 Sales and Services Educational 611310 2757782 2757782 0 0 1793845 1793845 0 0 120254619 31134015 0 0 31134015 0 0 0 0 0 0 0 0 1052528 0 0 0 1052528 0 1052528 0 0 1052528 28689316 1678225 9058737 0 19630579 1678225 21308804 0 0 21308804 0 Vending Machines 611310 49865 0 0 49865 Other Investment Income 611310 1143830 0 0 1143830 Lavender Mountain Hospitality 611310 2011457 0 0 2011457 426953 0 0 426953 3632105 202833401 120254619 0 57127452 0 0 55216702 55216702 0 0 0 0 1489928 0 1489928 0 0 0 0 0 43403986 35630793 6033145 1740048 2991484 2169977 821507 0 10135949 7019644 2551089 565216 2836600 2005568 831032 0 0 0 0 0 85043 0 85043 0 244271 0 244271 0 0 0 0 0 0 0 0 0 0 0 14445236 12940550 1375734 128952 486125 5323 478640 2162 9666159 7072380 2173474 420305 2599606 1284587 1278770 36249 0 0 0 0 7603306 6164594 1432357 6355 3666801 3083648 501698 81455 0 0 0 0 0 0 0 0 3856885 4050754 -193869 0 0 0 0 0 7431176 6465982 965194 0 814663 241502 573161 0 1126024 706239 280891 138894 168099944 144058243 20922065 3119636 2227274 2961155 13201561 5243625 13340052 15651881 2656511 3469819 0 0 0 0 11429154 11937782 955666 864203 430523 465850 352643737 141272288 214483030 211371449 1030414969 1056845296 175554947 197705535 0 0 0 0 0 226713 1464693687 1506743308 15356423 10977616 0 0 0 0 79636700 75257000 2563 5125 0 0 0 0 0 0 36333468 34581358 131329154 120821099 X 160359535 174646682 1173004998 1211275527 1333364533 1385922209 1464693687 1506743308 X 34733457 18329359 0 0 0 -505140 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 305658000 9509000 46984000 7128000 10037000 0 344986000 341959000 9611000 -30397000 6096000 9419000 0 305658000 268423000 5087000 82538000 5487000 8602000 0 341959000 267974000 1870000 11488000 5174000 7735000 0 268423000 266364000 2664000 13661000 4941000 9774000 0 267974000 0.09 0.36 0.55 0 0 17496 11365799 11383295 0 304192402 115557410 188634992 0 0 0 0 0 14170762 11423230 2747532 0 22897278 14291648 8605630 211371449 0 70767 F Equities - Domestic 98421168 F Equities - International 32622349 F Private Equities 20143395 F Alternative Strategies 370561 F Private Credit 1683952 F Real Assets 2351992 F Beneficial Interest in Perpetual Trusts 1250316 F Timber 25737315 F Other 15053720 F 197705535 0 Annuities Payable 1733796 Deposits and Deferred Credits 5777788 Advances from Federal Government 82906 Accrued Post Retirement Benefits 26986868 34581358 X Schedule D, Part IV, Line 2b The College maintained an escrow account for housing deposits made by Faculty/Staff members renting a living space on campus. Schedule D, Part V, Line 4 To support scholarships, instruction and other operational support (including academic support, student services and maintenance). Schedule D, Part X, Line 2 The College analyzed its tax position for the years ended June 30, 2023 and 2022 and determined that there were no uncertain tax positions that would have a material impact on the College's consolidated financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. Schedule E, Part I, Line 6 Government aid included funds received from the U.S. Department of Education and the U.S. Department of Agriculture. Central America and the Caribbean 0 0 Program Services Education - Study Abroad 135469 East Asia and the Pacific 0 0 Program Services Education - Study Abroad 141947 Europe (including Iceland and Greenland) 0 0 Program Services Education - Study Abroad 472393 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Education - Study Abroad 100 South America 0 0 Program Services Education - Study Abroad 81632 Sub-Saharan Africa 0 0 Program Services Education - Study Abroad 130621 0 0 962162 0 0 0 0 0 0 1 Tuition Waivers 17 125940 0 Institutional Grants 2241 55090762 0 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 President 473057 0 153341 0 6858 0 30500 0 45085 0 708841 0 0 0 Brian I Erb Treasurer/V P for Finance 393108 0 70958 0 2322 0 30500 0 50161 0 547049 0 0 0 Cynthia Court V P for Advancement 250686 0 9000 0 1646 0 24600 0 34624 0 320556 0 0 0 Nancy Rewis V P for Marketing and Communication 211958 0 9000 0 1527 0 23050 0 44747 0 290282 0 0 0 Joyce Heames Dean Campbell School of Business 237650 0 0 0 4544 0 23573 0 15582 0 281349 0 0 0 Debbie E Heida Chief of Staff 214455 0 6000 0 3473 0 21000 0 16117 0 261045 0 0 0 Andrew Bressette V P for Enrollment 201477 0 4000 0 679 0 19700 0 30977 0 256833 0 0 0 R Daniel Price Secretary 154935 0 3000 0 960 0 14708 0 16099 0 189702 0 0 0 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. 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, memberships, and employees' contributions to flexible spending accounts and health savings accounts. A Development Authority of Floyd County 237182908 2018-06-01 95339200 Current Refunding 0 0 0 A 0 0 95339200 0 0 0 0 0 0 0 95339200 0 2018 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Truist Bank 20 0 0 0 0 1 A 1 Student Relative of Officer 38250 Scholarships Financial Aid Student Relative of Officer 26985 Scholarships Financial Aid Student Relative of Board Member 15000 Scholarships Financial Aid X 1 18000 FMV X 400 FMV X 17 330578 FMV X Inventory 2 85000 FMV X Materials and Supplies 5 13170 FMV X Equipment 3 9851 FMV X Entertainment 4 6886 FMV 1 0 1 0 Form 990, Part VI, Section A, Line 2 Trustees D. Randolph Berry and Martha Walstad are cousins. 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. Form 990, Part VI, Section B, Line 12c The Human Resources Director and the Assistant VP for Financial Services 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. Form 990, Part VI, Section B, Line 15 Using salaries for comparable positions at similar institutions and summary data from the CUPA survey and the Yaffe data, the Executive Committee of the Board of Trustees evaluates and approves the compensation for the president (CEO of organization) and reviews the compensation for the other officers and key employees which have been approved by the president. The College maintains documentation of the approvals. Form 990, Part VI, Section C, Line 19 Information is available upon request. Form 990, Part XI, Line 9 Decrease in post retirement benefit obligation: 1,314,362; other: -99,439; and Lavender Mountain Hospitality expenses: -1,720,063. Lavender Mountain Property & Development LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Real Estate Transaction GA 0 50000 N/A Berry Student Enterprises LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Student Operated Campus Enterprises GA 640201 0 N/A Lavender Mountain Hospitality Services LLC Berry College 2277 Martha Berry Highway Mount Berry GA 30149 580566133 Hospitality Services GA 2011457 14499211 N/A