2025-05-15T15:34:37-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 560529933 BARTON COLLEGE BART 2523996314 400 ATLANTIC CHRISTIAN COLLEGE DR WILSON NC 27893 DANNY DAVIS VP FOR ADMIN AND FINANCE 2523996314 2025-05-15 1 1 MARK WOOLWINE P00647446 5404433606 2025-05-15 2023 2025-03-06 01:10:19Z DOUGLAS N SEARCY 400 ATLANTIC CHRISTIAN COLLEGE DR WILSON NC 27893 58534737 0 X WWW.BARTON.EDU X 1902 NC FOUNDED IN 1902, BARTON COLLEGE IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE LOCATED IN WILSON, N.C. THE BARTON EXPERIENCE FOCUSES ON ACADEMIC EXCELLENCE WITHIN A WIDE RANGE OF PROFESSIONAL AND LIBERAL ARTS PROGRAMS LEADING TO BACCALAUREATE AND MASTER'S DEGREES. BARTON CELEBRATES BOLD THINKING AMONG FACULTY AND STAFF AS THE COLLEGE NURTURES BOLD LEADERSHIP DEVELOPMENT AMONG STUDENTS. BARTON OFFERS PURPOSEFUL INTERNSHIPS AND PRACTICUMS IN ACADEMIC DISCIPLINES, ENGAGING CO-CURRICULAR COHORTS, MEANINGFUL INTERNATIONAL TRAVEL AND STUDY, RESEARCH AND PRESENTATION THROUGH THE DAY OF SCHOLARSHIP, OPPORTUNITIES TO GIVE BACK THROUGH COMMUNITY SERVICE, AN IMPRESSIVE ARRAY OF CULTURAL EVENTS, AND DIVERSE ATHLETIC COMPETITION AMONG MORE THAN 20 COLLEGIATE TEAMS. 22 22 638 0 0 0 6052725 10539437 43076703 42518973 415411 5021515 398617 454812 49943456 58534737 19004376 19584823 0 0 15509984 16264717 0 0 839860 16612430 16285339 51126790 52134879 -1183334 6399858 93066777 94665332 39348546 35238901 53718231 59426431 X FOUNDED IN 1902, BARTON COLLEGE IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE LOCATED IN WILSON, N.C. THE BARTON EXPERIENCE FOCUSES ON ACADEMIC EXCELLENCE WITHIN A WIDE RANGE OF PROFESSIONAL AND LIBERAL ARTS PROGRAMS LEADING TO BACCALAUREATE AND MASTER'S DEGREES. BARTON CELEBRATES BOLD THINKING AMONG FACULTY AND STAFF AS THE COLLEGE NURTURES BOLD LEADERSHIP DEVELOPMENT AMONG STUDENTS. BARTON OFFERS PURPOSEFUL INTERNSHIPS AND PRACTICUMS IN ACADEMIC DISCIPLINES, ENGAGING CO-CURRICULAR COHORTS, MEANINGFUL INTERNATIONAL TRAVEL AND STUDY, RESEARCH AND PRESENTATION THROUGH THE DAY OF SCHOLARSHIP, OPPORTUNITIES TO GIVE BACK THROUGH COMMUNITY SERVICE, AN IMPRESSIVE ARRAY OF CULTURAL EVENTS, AND DIVERSE ATHLETIC COMPETITION AMONG MORE THAN 20 COLLEGIATE TEAMS. 0 0 20984245 35967914 INSTRUCTION: ACCREDITED ACADEMIC PROGRAMS WITH 35 MAJORS AND 41 MINORS FOR UNDERGRADUATES, 6 PROFESSIONAL PROGRAMS, AND 6 GRADUATE DEGREE PROGRAMS. SERVING APPROXIMATELY 1,100 UNDERGRADUATES. 6060180 7005871 AUXILIARY SERVICES: ROOM, BOARD, AND BOOKSTORE. 19584823 19584823 INSTITUTIONAL AID AND SCHOLARSHIPS FROM ENDOWMENT, RESTRICTED SCHOLARSHIPS, AND INSTITUTIONAL DISCOUNT. 46629248 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1633 0 1 638 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANNY DAVIS 2523996314 218 HARPER HALL WILSON NC 278937000 MR ERIC WAYNE SELLERS BOARD CHAIR BOARD CHAIR 2.00 X X 0 0 0 MR BARRY F DILLEHAY BOARD VICE CHAIR 2.00 X X 0 0 0 MR WILLIAM DENNIS ADAMS III TRUSTEE 2.00 X 0 0 0 DR FRANK T BATTEN TRUSTEE 2.00 X 0 0 0 DR GREGG A DEMAR TRUSTEE 2.00 X 0 0 0 MS AMY DENTON ALUMNI BOARD CHAIR 2.00 X 0 0 0 MR JAMES C FARTHING TRUSTEE 2.00 X 0 0 0 MR G CHARLES FINKLEA JR TRUSTEE 2.00 X 0 0 0 MR STUART FRANZ TRUSTEE 2.00 X 0 0 0 DR HARLOW Z HEAD TRUSTEE 2.00 X 0 0 0 MR GARLAND R HOMES JR TRUSTEE 2.00 X 0 0 0 MR GARETH CARL HOSFORD TRUSTEE 2.00 X 0 0 0 MRS PHYLLIS PARISH HOWARD TRUSTEE 2.00 X 0 0 0 MR JOHN FLOYD LEE TRUSTEE 2.00 X 0 0 0 DR DANIEL MICHALAK TRUSTEE 2.00 X 0 0 0 MR CRAIG MYERS TRUSTEE 2.00 X 0 0 0 MR THOMAS E QUINN TRUSTEE 2.00 X 0 0 0 MR RHINE SHARP TRUSTEE 2.00 X 0 0 0 MR MICHAEL SLEDGE TRUSTEE 2.00 X 0 0 0 MR DAVID A TURNAGE TRUSTEE 2.00 X 0 0 0 DR GRANTHAM D WARREN TRUSTEE 2.00 X 0 0 0 DR GARNETT WHITEHURST TRUSTEE 2.00 X 0 0 0 DR DOUGLAS SEARCY PRESIDENT 50.00 X 401270 0 26334 DANNY DAVIS VP FOR ADMINISTRATION AND 50.00 X 154078 0 13429 DENNIS MATTHEWS VP FOR ENROLLMENT AND MARK 50.00 X 179697 0 3625 VICTORIA MORRIS VP OF PEOPLE & SUPPORT 50.00 X 150638 0 15505 KEVIN PENNINGTON PROVOST & VP FOR ACADEMIC 50.00 X 149677 0 12797 AMANDA METTS VP FOR ADMISSION/STUDENT ENGAGEMENT 50.00 X 116038 0 1215 JOHN BETHUNE PROFESSOR 50.00 X 103937 0 2195 KELLY TARANTO VP FOR INSTITUTIONAL ADVANCEMENT 50.00 X 142164 0 1491 1397499 0 76591 8 0 1 0 AVI FOODSYSTEMS 2590 ELM RD NE WARREN OH 44483 CAMPUS FOOD SERVICES 3120101 ASPHALT SURFACE ENTERPRISES INC 535 N BROAD ST SUITE 3 CANFIELD OH 44406 ENGINEERING SERVICES 1043995 AT&T CHARTER SERIVCE INC 10 JILDEN DRIVE LOUISBURG NC 27894 TRANSPORTATION SERVICES 475013 MCMILLIAN PAZDAN SMITH LLC DEPARTMENT 999450 ATLANTA GA 30353 ARCHITECTUAL SERVICES 438436 CITY OF WILSON 208 NASH ST NE WILSON NC 27893 SECURITY SERVICES 409616 7 5760755 4778682 90562 10539437 TUITION AND FEES 611310 35513102 35513102 HOUSING, FOOD AND OTHER SERVICES 611710 7005871 7005871 42518973 1724521 1724521 3296994 0 3296994 3296994 3296994 OTHER INCOME 611710 454812 454812 454812 58534737 42973785 0 5021515 19584823 19584823 13716062 11866353 1373942 475767 2548655 1677048 809202 62405 39253 39253 178689 178689 4342690 3826031 402182 114477 215616 9362 206254 1444114 1247616 196498 1133724 1106408 24527 2789 40927 39960 967 1656961 1521092 135869 2529035 2321670 207365 540286 266523 273763 OTHER EXPENSES 1550961 847767 621925 81269 PROGRAM AND OFFICE SUPP 1201134 1109116 44860 47158 OPERATIONS & MAINTENANC 692238 634399 56982 857 MEMBERSHIPS AND SUBSCRI 338105 316502 15658 5945 381606 254578 77835 49193 52134879 46629248 4665771 839860 604385 372458 3400443 4926252 5239242 2212280 5267868 53510 25596 38895 38895 82563 167165 96208859 43798232 53373082 52410627 23354798 18900554 5417945 6509536 2630609 2705406 93066777 94665332 3717383 3611721 2344477 2132745 23918661 23414843 8096417 4645157 250000 250000 1021608 1184435 39348546 35238901 X 16443945 20269688 37274286 39156743 53718231 59426431 93066777 94665332 6399858 -691658 0 X X 0 1 X 1 1 1 X 6634634 3985232 8081103 6052725 10539437 35293131 6634634 3985232 8081103 6052725 10539437 35293131 3308247 31984884 562406 752599 3068433 1089483 1724521 7197442 811098 464040 392995 398617 454812 2521562 45012135 0.71060 0.74170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 39253 39253 0 PART II-B, LINE 1: BARTON COLLEGE RETAINED A LOBBYING FIRM TO WORK WITH THE NC LEGISLATURE FOR ON-CAMPUS GRANT FUNDING FROM THE STATE OF NC. 29265999 918870 4151168 8000000 26336037 29533941 672616 2336878 3277436 29265999 34089856 1249419 -4206971 1598363 29533941 29888668 260254 5996150 2055216 34089856 29651162 486175 511519 760188 29888668 0.01020 0.94800 0.04180 1 0 4172191 4172191 67490375 30097672 37392703 4784574 3794144 990430 19761719 9906416 9855303 52410627 CASH AND CASH EQUIVALENTS 277426 F ALTERNATIVES 6232110 F 6509536 UNAMORTIZED BOND ISSUE COSTS -603658 STUDENT LOAN ADVANCES 58357 FINANCE LEASE OBLIGATION 79220 DEPOSITS AND STUDENT CREDIT BALANCES 590335 ASSET RETIREMENT OBLIGATION 1001740 CASH AND CASH EQUIVALENTS, OVERDRAFT 58441 1184435 X 38079567 -691658 -691658 38771225 178689 19584823 19763512 58534737 32371367 0 32371367 178689 19584823 19763512 52134879 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS EXCEPT ON INCOME UNRELATED TO ITS EXEMPT FUNCTION, IF ANY. IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE COLLEGE, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2022 AND 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 19,584,823. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 19,584,823. 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 COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL ADVERTISEMENTS FOR OPEN POSITIONS, THE COLLEGE CATALOG (WHICH IS ALSO ON THE WEBSITE), AND ALL FINANCIAL AID PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL AND STATE AWARDS FROM THE STATE OF NORTH CAROLINA AND THE US DEPARTMENT OF EDUCATION FOR THE PURPOSE OF STUDENT GRANTS, LOANS AND SCHOLARSHIPS. 1 SCHOLARSHIPS AND GRANTS 1110 19584823 PART I, LINE 2: SCHOLARSHIPS AND FINANCIAL AID FUNDS ARE AWARDED BY THE FINANCIAL AID DEPARTMENT AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. STUDENT ACCOUNT BALANCES ARE THEN MONITORED BY THE BUSINESS OFFICE AND STUDENT ELIGIBILITY AND ACADEMIA ARE MONITORED BY THE REGISTRAR. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR DOUGLAS SEARCY PRESIDENT 392562 0 0 0 8708 0 6600 0 19734 0 427604 0 0 0 DENNIS MATTHEWS VP FOR ENROLLMENT AND MARK 179697 0 0 0 0 0 3587 0 38 0 183322 0 0 0 DANNY DAVIS VP FOR ADMINISTRATION AND 154078 0 0 0 0 0 1900 0 11529 0 167507 0 0 0 VICTORIA MORRIS VP OF PEOPLE & SUPPORT 150388 0 0 0 250 0 1651 0 13854 0 166143 0 0 0 KEVIN PENNINGTON PROVOST & VP FOR ACADEMIC 149677 0 0 0 0 0 1530 0 11267 0 162474 0 0 0 PART I, LINE 1A THE COLLEGE PROVIDES HOUSING TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL COLLEGE BUSINESS AND ACTIVITIES AT THE HOME. ADDITIONALLY, THE PRESIDENT WAS PROVIDED A MEMBERSHIP AT A LOCAL COUNTRY CLUB TO BE USED FOR BUSINESS PURPOSES AND FUNDRAISING ACTIVITIES. USE OF THE MEMBERSHIP IS WELL DOCUMENTED. A PUBLIC FINANCE AUTHORITY 273866124 74443DDS7 2018-06-20 25372752 REFINANCE EXISTING BONDS AND CAMPUS RENOVATIONS 0 0 0 A 25372752 1656736 1263158 9400000 506187 12546671 2020 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 DOUGLAS N SEARCY FAMILY MEMBER 40425 COMPENSATION 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: THE PRESIDENT'S WIFE (ELIZABETH SEARCY) IS EMPLOYED BY THE COLLEGE X 1 78547 AVERAGE HIGH/LOW X EQUIPMENT 5 6701 FMV X SUPPLIES 4 5314 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE WILL REVIEW AND APPROVE THE 990 PRIOR TO FILING. IN ADDITION, THE 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS CONFLICT OF INTEREST STATEMENTS AS THEY ARE SUBMITTED BY THE TRUSTEES. THE EXECUTIVE COMMITTEE MEETS SEVERAL TIMES DURING THE YEAR. AS STATED IN THE BYLAWS, ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH THE TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SAID MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER HE/SHE HAS A CONFLICT OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS, AND THE EXECUTIVE COMMITTEE SHALL RESOLVE THE QUESTION BY AFFIRMATIVE VOTE OF A MAJORITY OF ITS MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CEO (PRESIDENT) IS LED BY THE EXECUTIVE COMPENSATION COMMITTEE AND TRUSTEESHIP COMMITTEE OF THE BOARD. THESE COMMITTEES MEET WITH FACULTY, STAFF, STUDENTS AND ADMINISTRATORS TO EVALUATE THE PRESIDENT'S JOB PERFORMANCE. THEY ALSO REVIEW THE PRESIDENT'S ANNUAL REPORT TO ASSESS ACCOMPLISHMENTS. COMPENSATION SURVEYS FROM NATIONAL AND STATE INSTITUTIONS (COLLEGES AND UNIVERSITIES PERSONNEL ASSOCIATION AND NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES) ARE REVIEWED TO DETERMINE A REASONABLE COMPENSATION RANGE. THE PRESIDENT DETERMINES THE COMPENSATION FOR ALL OTHER KEY EMPLOYEES AND RECEIVES EVALUATIONS FROM THEIR DIRECT REPORTS. HE ALSO USES COMPENSATION INFORMATION FROM NATIONAL AND STATE SURVEYS TO DETERMINE APPROPRIATENESS OF COMPENSATION LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.