NEWBERRY COLLEGE: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NEWBERRY COLLEGE (EIN 57-0314404)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-07-10
- IRS object ID
- 202331919349300523
- Schema version
- 2021v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-10T07:40:28-07:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 845076654 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edge Accountants and Advisors LC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 S Main St Ste B | AddressLine1Txt |
| City | Summerville | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29420 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570314404 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Newberry College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWB | BusinessNameControlTxt |
| Phone | 8032765010 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 College Street | AddressLine1Txt |
| City | Newberry | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29108 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Sayers | PersonNm |
| Person Title | VP Admin Affairs & CFO | PersonTitleTxt |
| Phone | 8032765010 | PhoneNum |
| Signature | 2023-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | David | PersonFirstNm |
| Person Last | Sayers | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | L Todd Fisher CPA CGMA | PreparerPersonNm |
| PTIN | P00668578 | PTIN |
| Phone | 8438672766 | PhoneNum |
| Preparation | 2023-07-10 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Maurice Scherrens | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 College Street | AddressLine1Txt |
| City | Newberry | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $62,905,519 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1856 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | Provide undergraduate education for approximately 1,000 students. | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 525 | TotalEmployeeCnt |
| Total Volunteers | 23 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,926,693 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,291,814 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,416,118 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $45,585,795 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,649,984 | PYInvestmentIncomeAmt |
| CY Investment Income | -$10,197,578 | CYInvestmentIncomeAmt |
| PY Other Revenue | $31,701 | PYOtherRevenueAmt |
| CY Other Revenue | $29,451 | CYOtherRevenueAmt |
| PY Total Revenue | $54,024,496 | PYTotalRevenueAmt |
| CY Total Revenue | $51,709,482 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $19,916,709 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $19,410,323 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,839,169 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,669,482 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,762,372 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,410,368 | PYOtherExpensesAmt |
| CY Other Expenses | $22,448,926 | CYOtherExpensesAmt |
| PY Total Expenses | $51,166,246 | PYTotalExpensesAmt |
| CY Total Expenses | $57,528,731 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,858,250 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,819,249 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $69,782,907 | TotalAssetsBOYAmt |
| Total Assets EOY | $71,038,341 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $37,287,443 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,165,775 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,495,464 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $33,872,566 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $23,617,890 | ExpenseAmt |
| Grant | $14,720,667 | GrantAmt |
| Revenue | $33,358,546 | RevenueAmt |
| Desc | Instruction: Newberry 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $17,364,654 | ExpenseAmt |
| Grant | $4,689,656 | GrantAmt |
| Revenue | $769,286 | RevenueAmt |
| Desc | Student Services: At Newberry College learning takes place both inside and outside the classroom. No matter where a student finds themselves on cmapus, 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,768,930 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $11,457,963 | RevenueAmt |
| Desc | Auxiliary Enterprises: Student 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,391,305 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Academic Support Newberry College strives to provide as much support as possible to our faculty and staff. This year alone we have developed and implemented programs in Dyslexia and writing and tutoring, along with Professional development for our faculty and staff. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,391,305 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $50,142,779 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1700 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 525 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David Sayers | PersonNm |
| Phone | 8032765010 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 College Street | AddressLine1Txt |
| City | Newberry | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29108 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Maurice Scherrens | |||||||
| President | 37.50 | Yes (X) | $333,572 | $0 | $0 | ||
| David Sayers | |||||||
| VP Admin Affairs & CFO | 37.50 | Yes (X) | $180,000 | $0 | $0 | ||
| Sidney H Parrish | |||||||
| VPAA & Dean of College | 37.50 | $176,353 | $0 | $0 | Yes (X) | ||
| Sean Johnson | |||||||
| Athletic Director | 37.50 | $42,750 | $0 | $0 | Yes (X) | ||
| Lori Ann Summers | |||||||
| VP Institutional Advancement | 37.50 | $168,485 | $0 | $0 | Yes (X) | ||
| Todd Knight | |||||||
| Head Coach, Football | 37.50 | $110,757 | $0 | $0 | Yes (X) | ||
| Robert Best | |||||||
| Board Chair | 10.00 | $0 | $0 | $0 | Yes (X) | ||
| Eric Wells | |||||||
| Board Vice Chair | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Lenna Young | |||||||
| Secretary | 8.00 | $0 | $0 | $0 | Yes (X) | ||
| Jon Hart | |||||||
| Treasurer | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Joel Carter | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| James P Coggins | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Barbara L Davis | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Larry Dibiase | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Richard Herrington | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Hugo A Hap Pearce III | |||||||
| Trustee | 10.00 | $0 | $0 | $0 | Yes (X) | ||
| Patricia Pearson | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Mary Grate-Pyos | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Kevin Steelman | |||||||
| Trustee/Exe Comm at Large | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| William Steen | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Ned Tupper | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Misty West | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| John Winarchick | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Sara Peters | |||||||
| Trustee/Faculty Rep | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Kevin Raines | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Todd Sanders | |||||||
| Trustee/Athletic Club Rep | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Kevin Strickland | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Mark Wilhelm | |||||||
| Trustee | 5.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,011,917 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Aramark Serices Inc | |||||
| PO Box 828441 | Philadelphia | PA | 19182 | Facilities & maintenance | $3,468,644 |
| Sodexo Inc & Affiliates | |||||
| PO Box 360170 | Pittsburgh | PA | 15251 | Dining Services | $1,734,923 |
| Oakland Mill Master Tenant LLC | |||||
| PO Box 734 | Newberry | SC | 29108 | Residential Services | $1,220,200 |
| Net3 Technology Inc | |||||
| 108 Edinburgh Ct | Greenville | SC | 29607 | Information Technology | $593,190 |
| LRAP Association Inc | |||||
| 1011 Warrenville Rd | Lisle | IL | 60532 | Fee for Student Enrollment in Guaranty | $454,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $5,476 | RelatedOrganizationsAmt |
| Government Grants | $74,496 | GovernmentGrantsAmt |
| All Other Contributions | $16,211,842 | AllOtherContributionsAmt |
| Noncash Contributions | $360,529 | NoncashContributionsAmt |
| Total Contributions | $16,291,814 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Tuition and fees | 611310 | $33,358,546 | $0 | $0 |
| Auxiliary enterprises | 611310 | $11,457,963 | $0 | $0 |
| Student services | 611310 | $769,286 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $45,585,795 | TotalProgramServiceRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $990,350 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,187,928 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$10,197,578 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$10,197,578 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$10,197,578 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $37,560 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $8,109 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,451 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $29,451 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,709,482 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,585,795 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$10,168,127 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,410,323 | TotalAmt |
| Program Services | $19,410,323 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,137,262 | TotalAmt |
| Program Services | $950,188 | ProgramServicesAmt |
| Management And General | $114,376 | ManagementAndGeneralAmt |
| Fundraising | $72,698 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,687,205 | TotalAmt |
| Program Services | $9,764,709 | ProgramServicesAmt |
| Management And General | $1,175,402 | ManagementAndGeneralAmt |
| Fundraising | $747,094 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,778,419 | TotalAmt |
| Program Services | $1,485,876 | ProgramServicesAmt |
| Management And General | $178,859 | ManagementAndGeneralAmt |
| Fundraising | $113,684 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,066,596 | TotalAmt |
| Program Services | $891,146 | ProgramServicesAmt |
| Management And General | $107,269 | ManagementAndGeneralAmt |
| Fundraising | $68,181 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,678 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $88,678 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,199 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $107,199 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,731 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $116,731 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,797,327 | TotalAmt |
| Program Services | $5,822,705 | ProgramServicesAmt |
| Management And General | $875,441 | ManagementAndGeneralAmt |
| Fundraising | $99,181 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,656 | TotalAmt |
| Program Services | $1,000 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $75,656 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $649,980 | TotalAmt |
| Program Services | $389,466 | ProgramServicesAmt |
| Management And General | $170,470 | ManagementAndGeneralAmt |
| Fundraising | $90,044 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $951,462 | TotalAmt |
| Program Services | $839,485 | ProgramServicesAmt |
| Management And General | $90,018 | ManagementAndGeneralAmt |
| Fundraising | $21,959 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,352,295 | TotalAmt |
| Program Services | $2,864,539 | ProgramServicesAmt |
| Management And General | $469,293 | ManagementAndGeneralAmt |
| Fundraising | $18,463 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,470,783 | TotalAmt |
| Program Services | $3,433,160 | ProgramServicesAmt |
| Management And General | $15,416 | ManagementAndGeneralAmt |
| Fundraising | $22,207 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,143 | TotalAmt |
| Program Services | $69,281 | ProgramServicesAmt |
| Management And General | $56,804 | ManagementAndGeneralAmt |
| Fundraising | $54,058 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,840,988 | TotalAmt |
| Program Services | $1,563,288 | ProgramServicesAmt |
| Management And General | $267,624 | ManagementAndGeneralAmt |
| Fundraising | $10,076 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,891,597 | TotalAmt |
| Program Services | $1,606,263 | ProgramServicesAmt |
| Management And General | $274,981 | ManagementAndGeneralAmt |
| Fundraising | $10,353 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $772,815 | TotalAmt |
| Program Services | $241,198 | ProgramServicesAmt |
| Management And General | $531,617 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Debt issuance cost | $909,547 | $0 | $909,547 | $0 |
| Maintenance and repairs | $540,396 | $535,099 | $5,297 | $0 |
| Doubtful account allowance | $358,718 | $0 | $0 | $358,718 |
| Outside computer services | $172,704 | $128,904 | $43,800 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,907 | TotalAmt |
| Program Services | $146,149 | ProgramServicesAmt |
| Management And General | $24,758 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,528,731 | TotalAmt |
| Program Services | $50,142,779 | ProgramServicesAmt |
| Management And General | $5,623,580 | ManagementAndGeneralAmt |
| Fundraising | $1,762,372 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,990,918 | BOYAmt |
| EOY | $8,004,091 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,842,464 | BOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,131,143 | BOYAmt |
| EOY | $3,142,375 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $797,559 | BOYAmt |
| EOY | $531,691 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,058 | BOYAmt |
| EOY | $273,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $82,949,205 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,881,094 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,401,002 | BOYAmt |
| EOY | $35,068,111 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,324,098 | BOYAmt |
| EOY | $21,700,802 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,346,772 | BOYAmt |
| EOY | $230,195 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $869,468 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,871,425 | BOYAmt |
| EOY | $2,087,276 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,782,907 | BOYAmt |
| EOY | $71,038,341 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,311,017 | BOYAmt |
| EOY | $2,398,773 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $259,640 | BOYAmt |
| EOY | $267,262 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,847,473 | BOYAmt |
| EOY | $25,758,129 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,525,888 | BOYAmt |
| EOY | $7,902,294 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,343,425 | BOYAmt |
| EOY | $839,317 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,287,443 | BOYAmt |
| EOY | $37,165,775 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,813,065 | BOYAmt |
| EOY | $11,606,398 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,682,399 | BOYAmt |
| EOY | $22,266,168 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,495,464 | BOYAmt |
| EOY | $33,872,566 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,782,907 | BOYAmt |
| EOY | $71,038,341 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$5,819,249 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $7,079,620 | NetUnrlzdGainsLossesInvstAmt |
| Investment Expense | $116,731 | InvestmentExpenseAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
| Other Support Sum | $0 | OtherSupportSumAmt |
| Public Support CY170 | 0 | PublicSupportCY170Pct |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $1,515,216 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,592,471 | BeginningYearBalanceAmt |
| Contributions | $1,487,800 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,161,556 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,038,160 | OtherExpendituresAmt |
| End Year Balance | $16,880,555 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,540,875 | BeginningYearBalanceAmt |
| Contributions | $432,412 | ContributionsAmt |
| Investment Earnings Or Losses | $2,647,767 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,028,583 | OtherExpendituresAmt |
| End Year Balance | $19,592,471 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,044,339 | BeginningYearBalanceAmt |
| Contributions | $319,246 | ContributionsAmt |
| Investment Earnings Or Losses | $2,137,919 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $960,629 | OtherExpendituresAmt |
| End Year Balance | $17,540,875 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,435,592 | BeginningYearBalanceAmt |
| Contributions | $837,774 | ContributionsAmt |
| Investment Earnings Or Losses | $795,161 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,024,188 | OtherExpendituresAmt |
| End Year Balance | $16,044,339 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,922,087 | BeginningYearBalanceAmt |
| Contributions | $1,441,795 | ContributionsAmt |
| Investment Earnings Or Losses | $1,046,950 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $975,240 | OtherExpendituresAmt |
| End Year Balance | $15,435,592 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.27010 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.72990 | PrmnntEndowmentBalanceEOYPct |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $185,010 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $2,081,062 | OtherCostOrOtherBasisAmt |
| Book Value | $2,266,072 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $61,211,298 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,184,957 | DepreciationAmt |
| Book Value | $30,026,341 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,996,460 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,311,659 | DepreciationAmt |
| Book Value | $1,684,801 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,475,375 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,384,478 | DepreciationAmt |
| Book Value | $1,090,897 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $35,068,111 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Private equity fund | Desc |
| Book Value | $230,195 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $230,195 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Capital lease obligations | $576,867 |
| U.S. government loan funds refundable | $262,450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $839,317 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $39,386,888 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $7,283,339 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$78,879 | OtherRevenueAmt |
| Revenue Not Reported | $7,204,460 | RevenueNotReportedAmt |
| Revenue Subtotal | $32,182,428 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $116,731 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $19,410,323 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $19,527,054 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $51,709,482 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $38,009,786 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $8,109 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $8,109 | ExpensesNotReportedAmt |
| Expenses Subtotal | $38,001,677 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $116,731 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $19,410,323 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,527,054 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $57,528,731 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt III, Line 4 | The Newberry College Archives - in the process of transforming a part-time effort into a formal records repository, research library, and outreach effort benefitting internal and external stakeholders-documents the history of the college, appraising, collecting, organizing, describing, and preserving records and other items of permanent institutional value; provides research assistance to administrators, faculty, staff, students, alumni, and the public; and interprets the history of Newberry College to the college community and the public. Preserving and interpreting the college's 160-year record of preparing students in the Lutheran liberal arts tradition for intellectual and personal development, meaningful vocation, and engaged citizenship makes a significant contribution to the institution's mission and helps shape its identity. |
| Pt III, Line 4 | Newberry College's Special Collections represent approximately 3,500 rare and unique print items donated to the library since its inception. The items represent historic assets as well as materials preserved by the library because of their scarcity, value or fragile condition. Like the archives, Newberry College's Special Collections represent the activities undertaken by the College throughout its history. |
| Pt V, Line 4 | The College's endowments consist of approximately 456 individual funds established for a variety of purposes as a result of donor contributions. |
| Pt XI, Line 2d | Fundraising expenses $ 8,109 Change in value of perpetual trusts -86,988 Subtotal -78,879 |
| Pt XI, Line 4b | Tuition scholarships $19,410,323 |
| Pt XII, Line 2d | Fundraising event expense $8,109 |
| Pt XII, Line 4b | Tuition scholarships $19,410,323 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Line 3 | The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75 50 section 4.03(2)(b). See Part I. |
| Other | The College utilizes the Federal Supplemental Education Opportunity Grant, Federal Direct Loans, Federal Pell Grants, Federal Work Study, Federal Perkins Loan, TEACH Grants, and the Higher Education Emergency Relief Fund (HEERF). The College has received the National Science Foundation Grant for Education and Human Resources. Lastly, the College has loans through the USDA, Community Facility Direct Loan, Community Facility Guaranteed Loan, and the Business and Industry Guaranteed Loan |
| Line 6b | The College utilizes the Federal Supplemental Educational Opportunity Grant, Federal Direct Loans, Federal Pell Grants, Federal Work Study, Federal Perkins Loan, TEACH Grants, and the Higher Education Emergency Relief Fund (HEERF). The College has received the National Science Foundation Grant for Education and Human Resources. lastly, the College has loans through the USDA: Community Facility Direct Loan, Community Facility Guaranteed Loan, and the Business and Industry Guaranteed Loan. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 2022 Howling Wolf Night | Event1Nm |
| Gross Receipts Event1 | $14,500 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $14,500 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,924 | CashPrizesEvent1Amt |
| Food And Beverage Event1 | $2,092 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $100 | OtherDirectExpensesEvent1Amt |
| Event2 | 2022 Spring Golf Tournament | Event2Nm |
| Gross Receipts Event2 | $23,060 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $23,060 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $1,113 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $2,458 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $422 | FoodAndBeverageEvent2Amt |
| Gross Receipts Total | $37,560 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $37,560 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,924 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $1,113 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $2,458 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $2,514 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $100 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $8,109 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $29,451 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships | 1270 | $17,125,752 |
| HEERF | 1306 | $2,284,571 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt I Line 2 | FormAndLineReferenceDesc |
| Explanation | Awareded 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 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Maurice Scherrens | |||||||||||||
| $333,572 | $0 | $0 | $0 | $0 | $0 | $7,657 | $0 | $0 | $0 | $341,229 | $0 | $0 | $0 |
| David Sayers | |||||||||||||
| $180,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180,000 | $0 | $0 | $0 |
| Sidney H Parrish | |||||||||||||
| $176,353 | $0 | $0 | $0 | $0 | $0 | $5,316 | $0 | $0 | $0 | $181,669 | $0 | $0 | $0 |
| Lori Ann Summers | |||||||||||||
| $168,485 | $0 | $0 | $0 | $0 | $0 | $2,803 | $0 | $0 | $0 | $171,288 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Sandra Scherrens | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | President spouse | RelationshipDescriptionTxt |
| Transaction | $62,072 | TransactionAmt |
| Transaction | Compensation | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $330 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Cost | MethodOfDeterminingRevenuesTxt |
Real Estate Other RealEstateOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $321,200 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,686 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Appraisal | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Athletic equipment | 2 | $28,094 | Cost |
| Yes (X) | Labor and entertainment | 2 | $4,074 | Cost |
| Yes (X) | Insurance Prem | 2 | $3,145 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt I col(b) | FormAndLineReferenceDesc |
| Explanation | The number of contributions represent the number of contributions received, not the number of items donated. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, 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 teh purpose transacting business. The Chair, Vice Chair, Secretary, and Treasurer of the Board of Trustees shall be Members. |
| Pt VI, Line 1a | The purpose of the Executive Committee is twofold: 1) it shall serve at the pleasure of the Board as its aent, 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 assetssing the quality of Board Comittes 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. |
| Pt VI, Line 1a | 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 the 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. |
| Pt III, Line 2 | Dyslexia Program started. |
| Pt VI, Line 11b | Form 990 is prepared by an independent CPA firm 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. |
| Pt VI, Line 19 | The College's bylaws, constitution, and conflict of interest policy are made available to the public upon request. The financial statements are not made available to the public |
| Pt VI, 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 deliverations |
| Form 990, Part III, Line 4d | Academic Support 2391305. 0. 0. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Newberry College Foundation Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 College Street | AddressLine1Txt |
| City | Newberry | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 576026382 | EIN |
| Primary Activities | To support the mission of the Collge | PrimaryActivitiesTxt |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 12a, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Newberry College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Perpetual Trusts | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | None | AddressLine1Txt |
| City | Newberry | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Trust | PrimaryActivitiesTxt |
| Legal Domicile State | SC | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Newberry College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | T | EntityTypeTxt |
| Ownership | 0.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |