2021-05-17T16:10:29-05:00 2020-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2019-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 DAVID A BROWNING VP FOR ADMIN AND FINANCE 2523996328 2021-05-17 1 MARK WOOLWINE P00647446 5404433606 2021-05-17 2019 2022-09-23 18:48:47Z DOUGLAS N SEARCY PO BOX 5000 WILSON NC 278937000 49941087 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. 29 29 738 0 0 0 4090603 6634634 33831514 37834790 1297419 454591 811184 4909257 40030720 49833272 14265312 16729928 0 0 14844452 15194376 0 0 500169 14268618 13606026 43378382 45530330 -3347662 4302942 89091400 91610927 40451181 38493634 48640219 53117293 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 18617724 36704542 INSTRUCTION: ACCREDITED ACADEMIC PROGRAMS WITH 39 MAJORS AND 33 MINORS FOR UNDERGRADUATES, 7 PROFESSIONAL PROGRAMS, AND 4 GRADUATE DEGREE PROGRAMS. SERVING APPROXIMATELY 1,000 UNDERGRADUATES. 4794940 6039505 AUXILIARY SERVICES: ROOM, BOARD, AND BOOKSTORE. 16729928 16729928 INSTITUTIONAL AID AND SCHOLARSHIPS FROM ENDOWMENT, RESTRICTED SCHOLARSHIPS, AND INSTITUTIONAL DISCOUNT. STUDENT SERVICES; ENROLLMENT SERVICES, FINANCIAL AID, POST OFFICE, CO-CURRICULAR ACTIVITIES IN STUDENT LIFE, AND COLLEGIATE ATHLETICS (NCAA DIVISION II WITH 8 MEN'S VARSITY TEAMS AND 8 WOMEN'S VARSITY TEAMS). 40142592 1 1 0 0 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 0 0 1 0 0 0 0 0 0 0 0 1 116 0 1 738 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID A BROWNING 2523996328 311 HARPER HALL WILSON NC 278937000 MR WILLIAM DENNIS ADAMS III TRUSTEE 2.00 X 0 0 0 DR FRANK BATTEN TRUSTEE 2.00 X 0 0 0 MR JOHN C BRANTLEY III TRUSTEE 2.00 X 0 0 0 DR SUSAN BLUE TRUSTEE 2.00 X 0 0 0 DR ROBERT CAYTON TRUSTEE 2.00 X 0 0 0 MR JAMES EARL COBB JR TRUSTEE 2.00 X 0 0 0 MRS LINDA DAWSON CONNOR TRUSTEE 2.00 X 0 0 0 MR SCOTT C CRUIKSHANK TRUSTEE 2.00 X 0 0 0 MR BARRY F DILLEHAY TRUSTEE 2.00 X 0 0 0 MR DONALD I EVANS TRUSTEE 2.00 X 0 0 0 DR HARLOW Z HEAD 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 KENNETH DURWOOD KENNEDY III TRUSTEE 2.00 X 0 0 0 MR JOHN FLOYD LEE BOARD CHAIR 2.00 X X 0 0 0 BISHOP VALERIE J MELVIN TRUSTEE 2.00 X 0 0 0 MR JAMES SELBY PRIDGEN TRUSTEE 2.00 X 0 0 0 MR THOMAS E QUINN TRUSTEE 2.00 X 0 0 0 MR ERIC SELLERS TRUSTEE 2.00 X 0 0 0 MRS TRACY MITCHELL TRUSTEE 2.00 X 0 0 0 MR E JEROME VICK TRUSTEE 2.00 X 0 0 0 MR STUART WALSTON TRUSTEE 2.00 X 0 0 0 DR PHILIP H WARREN TRUSTEE 2.00 X 0 0 0 DR GARNETT B WHITEHURST BOARD VICE CHAIR 2.00 X X 0 0 0 MRS SHEILA BARKER WIGGINS TRUSTEE 2.00 X 0 0 0 DR GREGG A DEMAR TRUSTEE 2.00 X 0 0 0 MR G CHARLES FINKLEA JR TRUSTEE 2.00 X 0 0 0 MRS ANNE M ODDEN TRUSTEE 2.00 X 0 0 0 MRS KATHY D TURNER ALUMINI REP 2.00 X 0 0 0 MR DAVID BROWNING VP ADMINISTRATION AND FINA 50.00 X 166134 0 24416 DR DOUGLAS SEARCY PRESIDENT 50.00 X 303816 0 66057 DR GARY DAYNES PROVOST & VP FOR ACADEMIC 50.00 X 179670 0 14030 MICHAEL AVERETT DIRECTOR OF FACILITIES SERVICES 50.00 X 116170 0 15429 DENNIS MATTHEWS VP FOR ENROLLMENT AND MARK 50.00 X 162200 0 10374 ANNA CHRISTINE COLEY VP FOR STUDENT ENGAGEMENT 50.00 X 134047 0 15236 1062037 0 145542 6 0 1 0 CT WILSON CONSTRUCTION CO INC 2885 GOLDEN DR DURHAM NC 27707 CONSTRUCTION 3475382 JM THOMPSON COMPANY 1002 E CHATHAM ST CARY NC 27511 CONSTRUCTION 1869615 ARAMARK SERVICES 100 FRIDAY CENTER DR CHAPEL HILL NC 27599 CAMPUS FOOD SERVICES 1659892 AVI FOODSYSTEMS 2590 ELM RD NE WARREN OH 44483 CAMPUS FOOD SERVICES 1192587 CITY OF WILSON 208 NASH ST NE WILSON NC 27893 SECURITY SERVICES 343939 13 356075 6278559 6634634 TUITION AND FEES 611310 31795285 31795285 HOUSING, FOOD AND OTHER SERVICES 611710 6039505 6039505 37834790 562406 562406 107815 -107815 -107815 -107815 COVID-19 RELIEF FUNDING 900099 4098159 4098159 OTHER INCOME 611710 811098 811098 4909257 49833272 42744047 0 454591 X 16729928 16729928 12336786 10423579 1619557 293650 2857590 1634781 1176737 46072 135267 135267 3539159 3159368 374766 5025 106019 20732 84240 1047 1234886 1045181 188116 1589 580901 565846 12918 2137 106816 91016 15408 392 1504015 1380683 123332 2225265 2047244 178021 243685 74231 169454 PROGRAM AND OFFICE SUPP 986319 858546 78902 48871 OTHER EXPENSES 939293 577026 289689 72578 STUDENT AID 580659 580659 OPERATIONS & MAINTENANC 537052 493779 42891 382 886690 459993 398271 28426 45530330 40142592 4887569 500169 3130229 2917690 462386 156868 2219673 3922834 678020 1025856 290683 161810 10527 24387 21494 126041 83439017 33266135 44867054 50172882 29641809 29280112 7769525 3822447 89091400 91610927 4012962 3233339 893985 1512635 25703933 25290116 9019250 7589249 821051 868295 40451181 38493634 X 14174877 17136835 34465342 35980458 48640219 53117293 89091400 91610927 X 4302942 192195 -18063 X X 0 1 X 1 1 1 X 12216704 2860391 6229293 4090603 6634634 32031625 12216704 2860391 6229293 4090603 6634634 32031625 7866381 24165244 730350 893545 1008810 781315 562406 3976426 322662 371208 607880 811184 811098 2924032 38932083 0.62070 0.59350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29651162 486175 511519 760188 29888668 29106454 745215 1152291 1352798 29651162 28178934 605734 1603179 1281393 29106454 25859405 842020 2663411 1185902 28178934 28964495 671102 -436976 3339216 25859405 0.01600 0.87410 0.10990 1 0 4172191 4172191 56040603 23036131 33004472 3892126 2286287 1605839 19334097 7943717 11390380 50172882 DEBT SECURITIES 13386120 F EQUITY SECURITIES 11803654 F HEDGE EQUITIES 4090338 F 29280112 ASSET RETIREMENT OBLIGATION 1001740 STUDENT LOAN ADVANCES 208827 DEPOSITS AND STUDENT CREDIT BALANCES 218941 CAPITAL LEASE PAYABLE 147429 UNAMORTIZED BOND ISSUE COSTS -708642 868295 X 33142209 192195 -16747991 -16555796 49698005 135267 135267 49833272 28665135 0 28665135 135267 16729928 16865195 45530330 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, 2020 AND 2019 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE COLLEGE IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS -16,729,928. CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS -18,063. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 16,729,928. 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 1026 16729928 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 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MR DAVID BROWNING VP ADMINISTRATION AND FINA 166134 0 0 0 0 0 8850 0 15566 0 190550 0 0 0 DR DOUGLAS SEARCY PRESIDENT 303816 0 0 0 0 0 14000 0 52057 0 369873 0 0 0 DR GARY DAYNES PROVOST & VP FOR ACADEMIC 179670 0 0 0 0 0 9198 0 4832 0 193700 0 0 0 DENNIS MATTHEWS VP FOR ENROLLMENT AND MARK 162200 0 0 0 0 0 8175 0 2199 0 172574 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 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 X 11 162953 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 IX, LINE 24E BAD DEBTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 310,628. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,628. CATERING FOOD AND BEVERAGE: PROGRAM SERVICE EXPENSES 163,997. MANAGEMENT AND GENERAL EXPENSES 39,381. FUNDRAISING EXPENSES 27,272. TOTAL EXPENSES 230,650. MEMBERSHIPS AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 172,210. MANAGEMENT AND GENERAL EXPENSES 48,262. FUNDRAISING EXPENSES 1,154. TOTAL EXPENSES 221,626. ATHLETIC ENTRY FEES AND OFFICIALS: PROGRAM SERVICE EXPENSES 123,786. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,786. FORM 990, PART XI, LINE 9: CHANGE IN PERPETUAL TRUSTS HELD BY OTHERS -18,063. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.