2025-05-14T08:53:19+00:00 2024-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2023-07-01 611124566 BEREA INTERCHANGE DEVELOPMENT CORP BERE 8599853082 LINCOLN HALL 220 BEREA KY 40404 JEFFREY S AMBURGEY TREASURER 2025-05-14 true RACHEL SPURLOCK P00520729 5023263996 2025-05-14 2023 2025-03-06 01:10:19Z JEFFREY S AMBURGEY LINCOLN HALL 220 BEREA KY 40404 0 false X WWW.BEREA.EDU X 1987 KY A LAND HOLDING COMPANY CONTROLLED BY BEREA COLLEGE. 4 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2962649 2962649 984897 984897 1977752 1977752 A LAND HOLDING COMPANY CONTROLLED BY BEREA COLLEGE (EIN 61-0444650), A 501(C)(3) TAX EXEMPT ORGANIZATION. false false HOLDS LAND AS AN INVESTMENT FOR BEREA COLLEGE, A 501(C)(3) TAX EXEMPT ORGANIZATION. 0 false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 4 2 false false false false false false false true true false false true true true true true true false false false X JEFFREY S AMBURGEY 8599853082 LINCOLN HALL SUITE 220 BEREA KY 40404 NIXON CHERYL L STARTED JULY 2023 PRESIDENT (PRESIDENT OF BEREA COLLEGE) 1.0 62.0 X X 0 236227 61994 ROELOFS LYLE D PRESIDENT EMERITUS (PRESIDENT EMERITUS OF BEREA COLLEGE) 1.0 62.0 X X 0 497421 90824 BLADE VANCE DIRECTOR 1.0 3.0 X 0 0 0 JENNINGS GLENN R DIRECTOR 1.0 2.0 X 0 0 0 AMBURGEY JEFFREY S TREASURER (VP FOR FINANCE OF BEREA COLLEGE) 1.0 56.0 X 0 201571 39061 SINGLETON DERRICK VICE PRESIDENT (VP FOR OPERATIONS & SUSTAINABILITY OF BEREA COLLEGE) 1.0 50.0 X 0 196665 43160 WILSON II JUDGE B SECRETARY (GENERAL COUNSEL OF BEREA COLLEGE) 1.0 51.0 X 0 274325 40085 0 1406209 275124 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2056696 2056696 0 0 0 0 905953 0 905953 905953 0 0 0 0 2962649 2962649 0 0 984897 984897 984897 984897 X 1977752 1977752 1977752 1977752 2962649 2962649 0 0 X false true X true true true 905953 905953 905953 PAYABLE TO BEREA COLLEGE 984897 984897 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote BEREA INTERCHANGE DEVELOPMENT CORP IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF BEREA COLLEGE. SEE BELOW FOR BEREA COLLEGE FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS. GAAP REQUIRES THE COLLEGE TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE IRS. THE COLLEGE HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE DOES NOT HAVE AN AMOUNT ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2024 OR 2023. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE COLLEGE BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. false false false ROELOFS LYLE D PRESIDENT EMERITUS (PRESIDENT EMERITUS OF BEREA COLLEGE) 0 471331 0 0 0 26090 0 26400 0 64424 0 588245 0 0 NIXON CHERYL L STARTED JULY 2023 PRESIDENT (PRESIDENT OF BEREA COLLEGE) 0 235582 0 0 0 645 0 5333 0 56661 0 298221 0 0 WILSON II JUDGE B SECRETARY (GENERAL COUNSEL OF BEREA COLLEGE) 0 270275 0 0 0 4050 0 21977 0 18108 0 314410 0 0 AMBURGEY JEFFREY S TREASURER (VP FOR FINANCE OF BEREA COLLEGE) 0 197752 0 0 0 3819 0 16531 0 22530 0 240632 0 0 SINGLETON DERRICK VICE PRESIDENT (VP FOR OPERATIONS & SUSTAINABILITY OF BEREA COLLEGE) 0 195133 0 0 0 1532 0 16216 0 26944 0 239825 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The compensation of the organization's top management official is determined by Berea College, a related organization. Berea College uses the following: compensation committee, written employment contract, compensation survey or study, and approval by the board or compensation committee. Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION CHECKED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS BECAUSE THERE ARE NO OFFICERS WHO RECEIVE COMPENSATION FROM THE FILING ORGANIZATION. Form 990, Part VI, Line 15b PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION CHECKED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS BECAUSE THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES WHO RECEIVE COMPENSATION FROM THE FILING ORGANIZATION. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE ORGANIZATION DELEGATES BROAD AUTHORITY (SPECIFICALLY OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT) TO THE AUDIT COMMITTEE OF BEREA COLLEGE, A RELATED TAX EXEMPT ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED BY ALL OFFICERS AND TRUSTEES OF THE CORPORATION PRIOR TO THE FILING DATE OF FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy BIDC IS CONTROLLED BY BEREA COLLEGE, A 501(C)(3) ORGANIZATION. BIDC IS COVERED BY THE COLLEGE'S CONFLICT OF INTEREST POLICY. 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, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE VIA BEREA COLLEGE'S WEBSITE. BEREA COLLEGE 220 LINCOLN HALL BEREA KY 40404 610444650 POST SECONDARY EDUCATION KY 501(c)(3) 2 NA false BEREA COLLEGE SCIENCE AND HEALTH FOUNDATION INC LINCOLN HALL SUITE 200 BEREA KY 40404 822539390 REAL ESTATE HOLDING KY 501(c)(3) Type II BEREA COLLEGE false BEREA COLLEGE LEVERAGE LENDER INC 101 CHESTNUT STREET BEREA KY 40404 853642997 FACILITATE NMTC TRANSACTION KY 501(c)(3) Type II BEREA COLLEGE false false false false false false false false false false false false false false false false false false false false