2021-05-14T11:10:13-05:00 2020-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2019-07-01 570314404 Newberry College NEWB 8032765010 2100 College Street Newberry SC 29108 David Sayers VP Admin Affairs & CFO 8032765010 2021-05-14 1 Ted R Batson Jr P00721951 6785185301 2019 2022-09-23 18:48:47Z Maurice Scherrens 2100 College Street Newberry SC 29108 54448864 0 X www.newberry.edu X 1856 SC Provide undergraduate education for approximately 1,000 students. 23 22 562 22 0 0 4491076 8299180 43005037 44281351 696587 366952 10928 -61527 48203628 52885956 16747610 18520775 0 0 13088509 13569812 25836 35711 793859 17551829 17181045 47413784 49307343 789844 3578613 56637293 63850251 33778588 35571641 22858705 28278610 X 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. 0 0 26925225 18520775 33095704 InstructionNewberry 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 such as you 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.Intellectual DevelopmentStudents will acquire, develop, and demonstrate:-knowledge of the arts, sciences, and humanities as ways of understanding the world and our place in it.-effective oral and written communication skills.-critical thinking and quantitative analytical skills necessary for interpreting information and solving problems in a 21st-century global society.-proficiency in information literacy.Personal DevelopmentStudents will acquire, develop, and demonstrate:-the ability to work with others as leaders or as members of a team to accomplish common goals in a diverse society.-an understanding of the heritage of the Christian faith and its contribution to humane problem solving in the evolving global community.-moral reasoning skills essential for making life choices that balance personal freedoms and societal responsibilities.-the knowledge, attitudes, and habits that contribute to a healthy lifestyle.Meaningful VocationStudents will acquire, develop, and demonstrate:-knowledge of the history, methods of inquiry, and current intellectual claims of a chosen specific discipline or interdisciplinary area of study.-knowledge and skills that foster life-long personal growth and professional development in their vocational pursuits.Engaged Citizenship in a Global SocietyStudents will acquire, develop, and demonstrate:-the values necessary for effective citizenship.-the skills and historical knowledge to think critically about complex national and global issues.-the qualities of personal and social responsibility necessary to sustain and deepen democracy.NOTEWORTHY:NEWBERRY COLLEGE WELCOMES CRIMINAL JUSTICE, SOCIOLOGY HONOR SOCIETIESJuly 16, 2019NEWBERRY Newberry College has announced the addition of two new national academic honor societies Alpha Phi Sigma, for criminal justice students, and Alpha Kappa Delta, for sociology. The announcement comes after the respective field-specific organizations inducted their charter members earlier this year.LESAINE NAMED AMONG BLACK PAGES' TOP 20 UNDER 40July 24, 2019COLUMBIA, S.C. Dr. John Lesaine'07, assistant dean for student success and persistence at Newberry College, has been honored by the South Carolina Black Pages as one of its Top 20 Under 40.NEWBERRY COLLEGE NURSING ENTERS NEW ERAOctober 16, 2019NEWBERRY --The Newberry College Department of Nursing is advancing into a new era of growth and innovation, following a series of significant achievements over the past year.This elevation in the reputation and status of the program comes on the heels of a congratulatory meeting with the South Carolina Board of Nursing, a highly successful departmental Open House, celebration of the program's 10th anniversary and a swell of student interest in the growing program."I'm really excited about where we're headed as a program," said Dr. Susan Ludwick, chair of the Department of Nursing. "We enjoyed a great meeting with the state board of nursing recently. After reviewing how our average NCLEX-RN exam first-time pass rate has risen to 95 percent over the past year, above the state average, along with some of the changes we've made program-wide, I know we're on the edge of something great."NEWBERRY COLLEGE NURSING GRADS ACHIEVE 100% FIRST-TIME PASS RATE ON LICENSURE EXAMMarch 24, 2020NEWBERRY--Newberry College's entire class of December 2019 nursing graduates has passed the NCLEX-RN nursing licensure exam the first time. This is Newberry's third 100% first-time pass rate since May 2018.NEWBERRY STUDENTS EARN HIGH ACCOLADES AT SPEECH & THEATRE COMPETITIONFebruary 24, 2020LANCASTER, S.C.--Students representing Newberry College's speech and theatre programs participated in the South Carolina Speech and Theatre Association's annual State College Festival Competition, taking home individual trophies in multiple categories.The event was held Feb. 15 at the University of South Carolina at Lancaster. 8158188 1177245 Student ServicesAt Newberry College, learning takes place both inside and outside the classroom. No matter where you are -- on-campus, in-town, or off-the-beaten path, you'll exchange ideas and build relationships with faculty, students, and community members alike. You'll discover the "classroom" extends far beyond ivy-covered walls to the greater Newberry community, region, and world. Live, learn, play, and get a whole life education at Newberry. The Office of Residence Life encourages community and individual growth through effective residential programming and community involvement. We strive to create an environment that you call home and a community that feels like a family. We believe this residential culture is imperative to our mission and an important part of your learning process. We support you by providing everything you need to be successful including academic assistance, career guidance, health care, development, community service involvement, and academic excellence. Greek organizations are governed by their respective councils; IFC, NPC, and NPHC.NOTEWORTHY:ROUSE RECEIVES CAREER ACHIEVEMENT AWARDJuly 3, 2019COLUMBIA, S.C. Newberry College Dean of Students Dr. Sandra Rouse has been honored by Columbia College with its 2019 Career Achievement Award, given "to an alumna who has distinguished herself and Columbia College by outstanding accomplishments in her career field." She received the award as part of the school's Alumnae Weekend.NEWBERRY COLLEGE WELCOMES NEW ESPORTS COACHJuly 8, 2019NEWBERRY Newberry College has announced Terrence Knock will lead its newly-minted competitive gaming program, also known as esports. Knock, an Air Force captain and officer-in-charge of esports and fitness evaluations for the U.S. Air Force Academy, will begin with the 2019-2020 season.NEWBERRY MEN'S GOLF NAMED ACADEMIC NATIONAL CHAMPIONSby Randall Stewart, Director of Athletic Communications- July 17, 2019NORMAN, Okla. The Newberry College Men's Golf team has been honored as the Academic National Champion by the Golf Coaches Association of America for achieving the highest team GPA of any two- or four-year institution in the nation.NEWBERRY COLLEGE ANNOUNCES FIRST 56 INITIATIVEAugust 5, 2019NEWBERRY --Newberry College has announced the return of its First 56 initiative to welcome, educate and engage students in campus life.The initiative, now in its second year, features at least one event each of the first 56 days of fall semester, beginning Aug. 15. The program takes its name from 1856, the year the college was founded.NEWBERRY COLLEGE AMONG REGION'S BESTSeptember 9, 2019NEWBERRY --Newberry College is among the South's most affordable institutions, and one of the best colleges in the region, according to a review released today by U.S. News & World Report.Newberry appeared on the following 2020 rankings lists:Best Value Schools Regional Colleges South (No. 6)Best Regional Colleges South (No. 16)Best Value SchoolsFor the fourth year in a row, Newberry remained among the top 10 for best value in the southeast.NEWBERRY RANKS AMONG BEST SOUTHERN INSTITUTIONSAugust 19, 2019NEWBERRY --Newberry College is among the best colleges in the southeast, according to an annual report by College Consensus.Newberry was named sixth out of 44 southern colleges and universities, ranking highest among South Carolina colleges and surpassing last year's No. 10 designation.NEWBERRY NO. 1 IN SOCIAL MOBILITY, LEADS IN ETHNIC DIVERSITYSeptember 11, 2019NEWBERRY --Newberry College is best in the South for social mobility and a regional leader in ethnic diversity, according to a recent review by U.S. News & World Report.NEWBERRY COLLEGE AMONG SOUTH CAROLINA'S BEST COLLEGES FOR JOBSOctober 23, 2019NEWBERRY --Newberry College has been named one of the best colleges in South Carolina for getting a job, according to a recent report by Zippia.The career resource website ranked employment levels of graduates from 31 South Carolina four-year institutions, and Newberry clinched the No. 8 spot on the list.THREE NEWBERRY COLLEGE ALUMNI TO BE INDUCTED INTO EDUCATOR HALL OF FAMEApril 6, 2020COLUMBIA, S.C.--All three of this year's South Carolina Educator Hall of Fame inductees are Newberry College alumni. Dr. Chester Floyd, Dr. John Hudgens and the late Dr. Charlie Williams will be honored with this distinction by the South Carolina Foundation for Educational Leadership for their service to public education.NEWBERRY COLLEGE ESPORTS EXPANDS PLAYING FIELDApril 22, 2020NEWBERRY--Newberry College's up-and-coming esports program has announced an expanded slate of competitive title offerings.Coordinator and head coach Terrence Knock said "Fortnite and "Madden" will be available for intercollegiate play beginning with the fall 2020 semester. The titles join "League of Legends and "Overwatch" to meet the interests and existing skills of current and prospective students.NEWBERRY COLLEGE TO RENEW TUITION PROMISEMarch 30, 2020NEWBERRY--The Newberry College Board of Trustees has voted to renew the college's Tuition Promise, a program which freezes tuition for incoming freshmen for their four years at Newberry. The measure passed unanimously."The program is something that makes sense and seems to resonate with students and parents, and it takes the issue of unpredictable tuition costs out of the equation," said Rob Best, a 1971 graduate and chair of the Board of Trustees. "You really have to look at not just one year of college, but four years, and when new students and families come to Newberry, they know their tuition rate is locked in for their college career."The board enacted the program in 2019, freezing tuition rates for the incoming class of 2023, as well as transfer students. With positive feedback, the college decided to renew the program as a vital part of its focus on accessibility and affordability. 7078232 10008402 Auxiliary EnterprisesYour 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 you. 17183 Public ServiceNoteworthyNEWBERRY COLLEGE TO HOLD SEVENTH ANNUAL DUFFORD DIVERSITY AND INCLUSION WEEKOctober 7, 2019NEWBERRY--Newberry College will host its seventh Dufford Diversity and Inclusion Week Oct. 21-28. The annual event series will feature a host of guest speakers and programs designed to inspire appreciation for differences of humanity, and to bring people together on common ground.CURRY CROWNED MISS SOUTH CAROLINA USANovember 25, 2019NORTH CHARLESTON, S.C.--Hannah Jane Curry, a Newberry College junior, has been crowned Miss South Carolina USA 2020.NEWBERRY HOSTS 59TH SCMTA CONFERENCENovember 4, 2019NEWBERRY--Newberry College hosted the 59th annual South Carolina Music Teachers Association conference and state competitions Oct. 31 - Nov. 2. This marked the first time Newberry has hosted the event since 1983.NEWBERRY COLLEGE STUDENTS, ALUMNUS RECOGNIZED BY CITY COUNCILFebruary 17, 2020NEWBERRY--Newberry City Council recognized the contributions of Newberry College students and an alumnus in its Feb. 11meeting, held at the Center for Teacher Education.Dr. David Fowler, chair of the Department of Business Administration, sang the national anthem as the meeting began. Later in the meeting, in what has become an annual tradition, the council presented 11 graduating seniors with proclamations honoring the community service and leadership of each during their time as students. 17183 42178828 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 1 1826 0 1 562 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 SC X Anissa Truesdale 8032765010 2100 College Street Newberry SC 29108 Mr Maurice Scherrens President 37.50 1.00 X 250500 0 42636 Mr Sidney H Parrish VPAA & Dean of College 37.50 X 142918 0 15088 Mr Ralph Patterson Athletic Director 37.50 X 104200 0 5383 Mr Chris Harris Dean of Enrollment Management 37.50 X 104052 0 2268 Ms Teresa Smith Interim VPAA & CFO (part year) 37.50 X 57278 0 0 Mr Robert Best Board Chair 10.00 1.00 X X 0 0 0 Mr Eric Wells Board Vice Chair 5.00 X X 0 0 0 Dr Lenna Young Secretary 8.00 X X 0 0 0 Mr Jon Hart Treasurer 5.00 X X 0 0 0 Mr Hugo A Hap Pearce III Trustee 10.00 1.00 X 0 0 0 Mr Joel Carter Trustee 5.00 X 0 0 0 Dr Joe Blair Trey Castles Trustee 5.00 X 0 0 0 Mr James P Coggins Trustee 5.00 X 0 0 0 Ms Barbara L Davis Trustee 5.00 2.00 X 0 0 0 Mr Larry Dibiase Trustee 5.00 X 0 0 0 Mr Eddie Havird Trustee 5.00 X 0 0 0 Mr Frank Snyder Trustee 5.00 1.00 X 0 0 0 Mr Kevin Steelman Trustee/Exe Comm at Large 5.00 X 0 0 0 Mr William Steen Trustee 5.00 X 0 0 0 Ms Misty West Trustee 5.00 X 0 0 0 Ms Jean Haggard Trustee 5.00 2.00 X 0 0 0 Ms Jeanette Davis Trustee 5.00 X 0 0 0 Ms Joyce R Carter Trustee 5.00 X 0 0 0 Mr Richard Herrington Trustee 5.00 X 0 0 0 Ms Patricia Pearson Trustee 5.00 X 0 0 0 Mr Will Blackman Trustee/Athletic Club Rep 3.00 X 0 0 0 Ms Lisa Wagner Trustee/Alumni Rep 3.00 X 0 0 0 The Rev Herman R Yoos III Trustee (part year) 5.00 X 0 0 0 Ms Barbara Hartley Carey Trustee (part year) 5.00 2.00 X 0 0 0 Mr Joe Trainer Trustee/EC at Large (part year) 5.00 X 0 0 0 Mr David Sayers VP Admin Affairs & CFO 37.50 X 0 0 0 658948 0 65375 4 0 1 0 Sodexo 2100 College Street Newberry SC 29108 Facilities Management 3185339 Aramark Services Inc PO Box 828441 Philadelphia PA 191828441 Food Services 2063964 Net 3 Technology 105 N Spring St Suite 100 Greenville SC 29601 Information Technology Services 407501 Follett Corporation 3146 Solutions Center Chicago IL 606773001 Bookstore Operations 205666 Jenzabar Inc PO Box 55018 Boston MA 022055018 ERP System 154917 8 13202 3091029 5194949 190550 8299180 Tuition and fees 611310 33095704 33095704 Auxiliary enterprises 611310 10008402 10008402 Student services 611310 1177245 1177245 44281351 439163 439163 76398 134630 -58232 -58232 -58232 1311780 38000 1384547 37444 -72767 556 -72211 -72211 2992 13202 6287 -3295 -3295 52885956 44281351 0 305425 18520775 18520775 440689 440689 77406 77406 10577242 7933559 2143379 500304 288285 218120 56397 13768 1366373 1015006 287944 63423 819817 594843 187805 37169 64136 64136 90730 90730 35711 35711 137578 137578 4809512 3800912 984040 24560 40218 26443 1050 12725 571120 357729 211139 2252 988261 523643 464418 200 4318823 3913114 381112 24597 410776 387428 17688 5660 34521 33423 900 198 1238131 1063035 168085 7011 1420458 1202858 209667 7933 581729 222367 359362 Provision for Bad Debt 1210246 1210246 Athletic Expenses 590625 590625 Dues and Organizational 216766 135092 60743 20931 Production of Events 129883 108388 6384 15111 327532 243816 61410 22306 49307343 42178828 6334656 793859 2201668 3049374 268454 2058023 1916572 3579292 392393 863610 180207 206959 75938728 44512406 30112472 31426322 13045056 13239889 5566440 6284195 970273 936713 1983758 2205874 56637293 63850251 2192446 2722852 252540 1429410 83319 8523 29064479 29159592 1461624 1562201 724180 689063 33778588 35571641 X 7890603 8944553 14968102 19334057 22858705 28278610 56637293 63850251 X 3578613 1851587 -10295 X 0 1 X 1 1 1 X 2648707 2769085 3081132 4491076 8299180 21289180 2648707 2769085 3081132 4491076 8299180 21289180 1547955 19741225 423524 632866 457297 589638 515561 2618886 3571 4498 5174 11032 2992 27267 23935333 201053363 0.82480 0.79600 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising event income - 2015 Amount: $ 3,571. 2016 Amount: $ 4,498. 2017 Amount: $ 5,174. 2018 Amount: $ 11,032. 2019 Amount: $ 2,992. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1515216 X X 0 16044339 319246 2137919 960629 17540875 15435592 837774 795161 1024188 16044339 13922087 1441795 1046950 975240 15435592 12786401 742014 1446603 1052931 13922087 14102044 358666 -613338 1060971 12786401 0.28770 0.71230 0 0 273920 1760962 2034882 55328044 28607957 26720087 14244396 13442024 802372 4331406 2462425 1868981 31426322 Cash surrender value of life insurance 385110 F Alternative investments 210742 F Corporate bonds 3624066 F Goverment securities 2064277 F 6284195 U.S. government loan funds refundable 652342 Capital lease obligation 36721 689063 36422207 1851587 140917 1992504 34429703 137578 18318675 18456253 52885956 31002302 140917 140917 30861385 137578 18308380 18445958 49307343 Part 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. 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. Part 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. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part XI, Line 2d - Other Adjustments: Rental Expenses 134,630. Fundraising Event Expenses 6,287. Part XI, Line 4b - Other Adjustments: Tuition Scholarships 18,308,380. Change in Value of Perpetual Trusts 10,295. Part XII, Line 2d - Other Adjustments: Rental Expenses 134,630. Fundraising Event Expenses 6,287. Part XII, Line 4b - Other Adjustments: Tuition Scholarships 18,308,380. 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 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). Schedule E, Part I, Line 6 The College utilizes the Federal Supplemental Educational Opportunity Grant, Federal Direct Loans, Federal Pell Grants, Federal Work Study, Federal Perkins Loan, TEACH Grants, Higher Education Emergency Relief Fund (HEERF), and the U.S. Small Business Administration PPP Loan (PPP). 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. X X X X X X X 1 Jim Hale 2005 College Street Newberry SC 29108 Planned Giving 0 0 15836 -15836 Ballentine Consulting Partners PO Box 2585 Davidson NC 28036 Consulting 0 0 19875 -19875 35711 -35711 SC Night with the Stars 14894 11902 2992 54 2938 2000 1295 14894 11902 2992 54 2938 2000 1295 6287 -3295 Schedule G, Part I, Line 2b, column (iv): The professional fundraising services were consulting in nature. Therefore, no gross receipts were directly generated from the services provided. 1 Scholarships 1277 18308380 HEERF 254 212395 Part I, Line 2: Awarded 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. X X 1 1 X 0 0 0 0 0 0 0 0 0 Mr Maurice Scherrens President 250500 0 0 0 0 0 12500 0 31661 0 294661 0 0 0 Mr Sidney H Parrish VPAA & Dean of College 142918 0 0 0 0 0 7167 0 8843 0 158928 0 0 0 Part I, Line 1a Housing Allowance & Personal Services: As a condition of employment, and as a convenience to the University, the President is provided a home on University grounds. The University also provides grounds care and housekeeping for the home since the President hosts functions for the University at his home. The home is provided as a nontaxable benefit to the President. Sandra J Scherrens Family member of Maurice Scherrens, President 77406 Compensation & benefits 0 Oakland Mill Master Tenant LLC Entity more than 35% owned by Misty West, Trustee of organization 1197200 Rental of facilities 0 Oakland Mill Master Tenant LLC Entity more than 35% owned by Misty West, Trustee of organization 90000 Management fees 0 West Electrical CompanyWest Development Company Entity more than 35% owned by Misty West, Trustee of organization 439380 Rental of facilities & construction services 0 X 3 85787 Sales price X 1 32700 Appraised value X Equipment/gifts 2 49250 Cost X Other 3 12823 Cost X Athletic supplies 1 9990 Cost 0 0 1 1 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Part I, Line 32b: Real Estate agents to sell property Form 990, Part VI, Section A, line 1 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 the purpose of transacting business. The Chair, Vice Chair, Secretary and Treasurer of the Board of Trustees shall be members. The purpose of the Executive Committee is twofold: 1) It shall serve at the pleasure of the Board as its agent, 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 assessing the quality of Board Committees 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. 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 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. Form 990, Part VI, Section B, 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. Form 990, Part VI, Section B, 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 Treasury of the Board of Trustees are responsible for reviewing signed statements and 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 deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The independent Board of Trustees determines the compensation for the President. The approval process is documented. The President sets the compensation for the other officers and informs the Board of the compensation. He is independent. Form 990, Part VI, Section C, 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. Form 990, Part XI, line 9: Change in value of perpetual trusts -10,295. Newberry College Foundation Inc 2100 College Street Newberry SC 29108 576026382 To support the mission of the College SC 501(c)(3) Line 12a, I Newberry College 0 Perpetual trusts (3) Trust SC Newberry College 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0