2026-05-14T13:05:02+00:00 2025-06-30 350921680 CROWE LLP 4801 Olympia Park Plaza Suite 4000 Louisville KY 402412098 990 2024-07-01 853642997 Berea College Leverage Lender Inc BERE 8599853758 101 Chestnut Street Berea KY 40404 Barry Poynter Vice President for Finance 2026-05-14 true true Rachel Spurlock P00520729 5023263996 2026-05-14 2024 2025-03-06 01:10:19Z LYLE ROELOFS 101 Chestnut Street Berea KY 40404 57546 false X N/A X 2020 KY To facilitate a New Markets Tax Credit financing transaction to partially fund the construction of the College's Facilities Management and Student Labor Complex 5 1 0 5 0 0 57545 57546 0 0 57545 57546 0 0 0 0 0 0 0 57545 57546 5964762 6022308 5754561 5754561 210201 267747 BEREA COLLEGE LEVERAGE LENDER, INC. WAS ORGANIZED BY BEREA COLLEGE TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE COLLEGE'S FACILITIES MANAGEMENT AND STUDENT LABOR COMPLEX. false false 57546 BEREA COLLEGE LEVERAGE LENDER, INC. WAS ORGANIZED BY BEREA COLLEGE TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE COLLEGE'S FACILITIES MANAGEMENT AND STUDENT LABOR COMPLEX. 0 true false false false false false false false false false false false false false false 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 false false false false true false false false false true 0 0 0 false false false false false false false false X 5 1 true false false false false false false true false false false false true true true true true true false false false false KY X Barry Poynter 8599853758 101 CHESTNUT STREET BEREA KY 40404 AMBURGEY JEFFREY S TREASURER (AS VP FOR FINANCE OF BEREA COLLEGE) 1.0 57.0 X X 0 220187 42398 NIXON CHERYL L PRESIDENT/AS PRESIDENT OF BEREA COLLEGE/DIRECTOR 1.0 63.0 X X 0 430956 85810 WILSON II JUDGE B SECRETARY (AS GENERAL COUNSEL OF BEREA COLLEGE) 1.0 52.0 X X 0 286989 42602 FRALEY BRUCE DIRECTOR 1.0 1.0 X 0 0 0 ROELOFS LYLE D FORMER OFFICER/DIRECTOR (AS PRESIDENT OF BEREA COLLEGE) 0.0 0.0 X 0 280626 32569 0 1218758 203379 0 true true false 0 0 Interest on Credit Receivable 901101 57546 57546 0 0 0 0 57546 0 0 0 0 0 0 0 0 0 57546 57546 0 0 0 0 0 0 0 0 0 0 0 0 0 0 210201 267747 0 0 0 0 5754561 5754561 0 0 0 0 0 0 0 0 5964762 6022308 0 0 5754561 5754561 0 0 5754561 5754561 X 210201 267747 210201 267747 5964762 6022308 57546 0 X false true true false X X X 1 Berea College 610444650 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote BEREA COLLEGE Leverage Lender, Inc. IS PART OF THE CONSOLIDATED FINANCIAL STATEMENT AUDIT FOR BEREA COLLEGE. BELOW IS THE FOOTNOTE WITHIN THOSE CONSOLIDATED AUDITED FINANCIALS. 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 consolidated 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, 2025 or 2024. 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 2022. false false false false false false false false false ROELOFS LYLE D FORMER OFFICER/DIRECTOR (AS PRESIDENT OF BEREA COLLEGE) 0 271037 0 0 0 9589 0 22059 0 10510 0 313195 0 0 WILSON II JUDGE B SECRETARY (AS GENERAL COUNSEL OF BEREA COLLEGE) 0 282979 0 0 0 4010 0 23051 0 19551 0 329591 0 0 AMBURGEY JEFFREY S TREASURER (AS VP FOR FINANCE OF BEREA COLLEGE) 0 216360 0 0 0 3827 0 18103 0 24295 0 262585 0 0 NIXON CHERYL L PRESIDENT/AS PRESIDENT OF BEREA COLLEGE/DIRECTOR 0 406466 0 0 0 24490 0 27600 0 58210 0 516766 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The Organization does not have any officers other than persons who are employed and compensated by Berea College. The compensation of the Organization's top management officials are determined by Berea College, a related organization. Berea College uses the following: Compensation Committee, compensation survey or study, and approval by the Board or Compensation Committee. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons LYLE D. ROELOFS, JUDGE B. WILSON II, JEFFREY S. AMBURGEY, CHERYL L. NIXON - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED BY ALL OFFICERS AND DIRECTORS OF THE CORPORATION PRIOR TO THE FILING DATE OF THE FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy BEREA COLLEGE LEVERAGE LENDER IS COVERED BY THE BEREA COLLEGE CONFLICT OF INTEREST POLICY. BEREA COLLEGE (THE COLLEGE) MAINTAINS A CONFLICT OF INTEREST POLICY APPLICABLE TO DIRECTORS AND INSTITUTIONAL OFFICERS. ALL DIRECTORS AND INSTITUTIONAL OFFICERS RECEIVE COPIES OF THE POLICY AND A DISCLOSURE STATEMENT ON AN ANNUAL BASIS. THE DISCLOSURE STATEMENT MUST BE COMPLETED BY ALL DIRECTORS 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 DIRECTOR 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 DIRECTORS. ANY CONFLICT OF INTEREST TRANSACTION OR OTHER MATTER REPORTED BY A DIRECTOR OR OFFICER IS THEN ADDRESSED IN ACCORDANCE WITH THE POLICY. 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 Lincoln hall Suite 220 Berea KY 40404 610444650 Post Secondary Education KY 501(c)(3) 2 NA false Berea Interchange Development Corp Lincoln Hall Suite 220 Berea KY 40404 611124566 Holds Land KY 501(c)(2) Berea College false Berea College Science and Health Foundation Inc Lincoln Hall Suite 220 Berea KY 40404 822539390 Real Estate Holding 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