2017-05-12T10:26:34-05:00 2016-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2015-07-01 540534105 Sweet Briar Institute % TIMOTHY E KLOCKO SWEE 4343816324 PO Box 1051 Sweet Briar VA 245951051 TIMOTHY E KLOCKO VP FOR FINANCE 4343816324 2017-05-11 true Sandra L Feinsmith P01064157 4046886841 2015-05-11 2015 2021-01-29 14:40:06Z Phillip C Stone PO Box 1051 Sweet Briar VA 245951051 30643395 false X www.sbc.edu X 1901 VA TO PROVIDE A LIBERAL ARTS EDUCATION TO STUDENTS. 30 28 728 1000 482034 -43220 14694413 14359699 29298711 13926448 10302183 673028 899100 907749 55194407 29866924 12052374 6323471 0 0 22687146 14055632 0 0 1952227 21693601 13492504 56433121 33871607 -1238714 -4004683 155247759 143637749 31855239 27185350 123392520 116452399 X SEE SCHEDULE O false false 10026987 9765651 INSTRUCTION: TO PROVIDE A LIBERAL ARTS EDUCATION FOR ALL STUDENTS. BENEFITS APPROXIMATELY 275 STUDENTS. 5109626 4187525 AUXILIARY ENTERPRISES: TO PROVIDE STUDENTS WITH HOUSING, FOOD SERVICES, RECREATION AND INSTRUCTIONAL MATERIALS. BENEFITS APPROXIMATELY 275 STUDENTS. 6319471 6319471 SCHOLARSHIPS: TO PROVIDE SCHOLARSHIPS FOR STUDENTS. BENEFITED APPROXIMATELY 275 STUDENTS. 5865767 398987 Student Services - admissions, financial aid, career planning, Chaplain, Dean, Health center and Registrar 5865767 398987 27321851 true true false false false false false true false true true true false true true true false true true true true false true false false false false false true true true false false false false false false false false false false true false false false false true false false false true 144 0 true 728 true true true true FR false false false false false false false false X 30 28 false false false false false false false true true false false true true true true true true true true false VA X TIMOTHY E KLOCKO 4343816300 PO BOX 1051 SWEET BRIAR VA 245951051 Mr Andrew Benjamin DIRECTOR 4.0 1.0 X 0 0 0 Ms Jacquelyne E Bullett DIRECTOR 4.0 1.0 X 0 0 0 Mrs Leah A Busque DIRECTOR 4.0 1.0 X 0 0 0 Ms Alice Dixon DIRECTOR 4.0 1.0 X 0 0 0 Mr William Drake Jr DIRECTOR 4.0 1.0 X 0 0 0 Dr Marianne C Fahs DIRECTOR 4.0 1.0 X 0 0 0 Mrs Kelley M Fitzpatrick DIRECTOR 4.0 1.0 X 0 0 0 Carol McMurtry Fowler DIRECTOR 4.0 1.0 X 0 0 0 Ms Martha S Fruehauf DIRECTOR 4.0 1.0 X 0 0 0 Dr Everett Howerton DIRECTOR 4.0 1.0 X 0 0 0 Mr O Kenton McCartney III DIRECTOR 4.0 1.0 X 0 0 0 Mrs Suny Monk DIRECTOR 4.0 1.0 X 0 0 0 Mr Bernard A Niemeier DIRECTOR 4.0 1.0 X 0 0 0 Mr James Query DIRECTOR 4.0 1.0 X 0 0 0 Mr Frank W Roach DIRECTOR 4.0 1.0 X 0 0 0 Mrs Mason Bennett Rummel DIRECTOR 4.0 1.0 X 0 0 0 Mrs Heinz K Simon DIRECTOR 4.0 1.0 X 0 0 0 Mr Phillip Stone PRESIDENT 40.0 2.0 X X 125047 0 0 Mr James Jones PRESIDENT 40.0 2.0 X X 334994 0 0 Ms Marcia J Thom-Kaley DIRECTOR 4.0 1.0 X 0 0 0 Mrs Teresa Tomlinson Chair, Board of Directors 4.0 1.0 X X 0 0 0 Ms Georgene M Vairo DIRECTOR 4.0 1.0 X 0 0 0 Miss CeCelia Valentine director 4.0 1.0 X 0 0 0 Miss Elinor Warner Director 4.0 1.0 X 0 0 0 Dr Marshalyn Yeargin-Allsopp Director 4.0 1.0 X 0 0 0 Thomas Connors DIRECTOR 4.0 1.0 X 0 0 0 James Fabiani DIRECTOR 4.0 1.0 X 0 0 0 Garry Friend DIRECTOR 4.0 1.0 X 0 0 0 Charles Krulak DIRECTOR 4.0 1.0 X 0 0 0 Deborah Thurman DIRECTOR 4.0 1.0 X 0 0 0 Mr Timothy Klocko Vice President, Finance 40.0 2.0 X 0 0 0 Mr Scott Shank Vice President, Finance 40.0 2.0 X 295280 0 0 Dr Amy Jessen-Marshall Dean, Vice President Academics 40.0 1.0 X 162554 0 0 Ms Louise Zingaro Acting Dean of Enrollment 40.0 1.0 X 133562 0 0 DR Jill Granger professor 40.0 1.0 X 110299 0 0 1161736 0 0 6 false true false Hogan Lovells US LLLP 555 13th St NW WASHINGTON DC 20004 INT'L LAW FIRM 1626279 ARAMARK EDUCATIONAL SERVICES LLC 1101 MARKET STREET PHILADELPHIA PA 19107 CONTRACTED FOOD SVCS 1302508 Parkhurst Dining PO Box 644091 PITTSBURGH PA 15264 CONTRACTED FOOD SVCS 297376 CRA Inc 4 Radnor Corporate Center RADNOR PA 19087 Consultant 272353 SRP Consulting 300 SE 5th Avenue Unit 5010 BOCA RATON FL 33432 Consultant 200587 21 205026 14154673 1779489 14359699 TUITION AND FEES 611710 9823123 9823123 STUDENT SERVICES 611710 3343734 3343734 ADMIN. REVENUE 611710 361757 361757 SALES & SERVICES 611710 395159 395159 LATE FEES & FINES 611710 2675 2675 13926448 430526 430526 0 0 0 0 0 932913 86060 776471 156442 86060 242502 242502 0 0 0 ALUMNAE ASSOCIATION 611710 163112 163112 FLORENCE ELSTON INN 721110 433485 433485 FARM AND CELL TOWER 517000 48549 48549 262603 262603 907749 29866924 14352163 482034 673028 0 6053639 6053639 269832 269832 0 654307 96797 463962 93548 0 10962634 8829339 1216066 917229 0 1387663 1066242 200682 120739 1051028 805683 153183 92162 0 179141 173141 6000 92162 6448 85714 0 0 72391 72391 3041625 2707011 117066 217548 42565 18839 4022 19704 1103067 711687 189617 201763 324556 322990 1566 0 48921 47355 1566 34324 2676 1784 29864 0 171292 149936 21356 992588 992588 0 2266316 2170672 95644 463799 183455 280344 ADMINISTRATIVE EXPENSES 1043659 964698 78961 PURCHASES 709298 317041 169519 222738 REPAIRS AND MAINTENANCE 587584 461486 124682 1416 MISCELLANEOUS 12749 11576 1173 2306467 2274385 27054 5028 33871607 27321851 4597529 1952227 0 0 8448290 19517632 7291238 2978523 680207 341351 0 0 0 0 2080675 1844803 13293 77320 405138 30579 97304101 42331739 56595658 54972362 50192164 48135271 6395927 6388235 0 0 0 0 23145169 9351673 155247759 143637749 1389237 1125711 0 0 10728 256126 24903000 23909765 0 0 0 0 0 0 0 0 5552274 1893748 31855239 27185350 X 46702160 38403788 29653007 29728617 47037353 48319994 123392520 116452399 155247759 143637749 X -4004683 247867 -3183305 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 71907115 1088672 -1803891 592420 96083 70503393 87963365 331137 162613 0 16550000 0 71907115 90055806 1173373 11645730 1164980 13041013 705551 87963365 86575650 2163197 9509670 1104556 6388046 700109 90055806 96207845 607707 -2303383 875538 6450381 610600 86575650 0.18400 0.26300 0.55300 false false 2797490 2797490 81166072 34043092 47122980 13340539 8288647 5051892 54972362 BENEFICIAL INT PERPETUAL TRUST 7086750 CONTRIBUTIONS RECEIVABLE 1235882 DEFERRED BOND ISSUANCE COSTS 239101 DUE TO AFFILIATE 789940 9351673 0 US GOV'T ADVANCES FOR STUDENT LOANS 1135580 POST EMPLOYMENT BENEFITS PAYABLE 53843 ANNUITIES PAYABLE 494209 ASSET RETIREMENT OBLIGATION 61632 CAPITAL LEASE OBLIGATIONS 148484 1893748 X PART III, LINE 1A: THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENT OF FINANCIAL POSITION. PART III, LINE 4: THE ART COLLECTIONS AND ANTIQUITIES SUPPORT THE EDUCATIONAL PURPOSE OF THE INSTITUTE. STUDENTS MAJORING IN ART HISTORY AND ARTS MANAGEMENT ACT AS CURATORS AND MAINTAIN THE COLLECTIONS. STUDENTS ARE INVOLVED IN COLLEGE AND COMMUNITY EXHIBITIONS. PART V, LINE 4: THE MAJORITY OF ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS AND SUPPORT FOR INSTRUCTION, RESEARCH, AND ACADEMIC PROGRAMS. PART X, LINE 2: The Institute is exempt from federal and state income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. However, certain income unrelated to its exempt function is subject to income taxation. The Internal Revenue Service ("IRS") has held that a Virginia limited liability company, treated as a partnership for state income tax purposes, would also be treated as a partnership for federal income tax purposes. Therefore, income taxes are not provided with respect to the operations of SBC Restoration Lessee LLC since each member is responsible for the income tax consequences associated with its proportionate share of such operations. Management has evaluated the effect of the guidance provided for uncertainty in income taxes that became effective for the Institute on July 1, 2009. Management believes that the Institute continues to satisfy the requirements of a tax-exempt organization at June 30, 2016. Management has evaluated all tax positions that could have a significant effect on the consolidated financial statements and determined the Institute had no uncertain income tax positions at June 30, 2016. The Institute is no longer subject to U.S. federal, state, or local tax examinations by tax authorities for tax years prior to the year ending June 30, 2013. true true true true true true true false false false false false false false false true false true Line 3 - EXPLANATION OF NONDISCRIMINATION POLICY: SWEET BRIAR COLLEGE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM LARGE GEOGRAPHICAL SECTIONS OF THE UNITED STATES AND FOREIGN COUNTRIES. THE COLLEGE FOLLOWS A RACIAL NONDISCRIMINATORY POLICY AND HAS COMPLIED WITH SECTION 4.02 OF THE INTERNAL REVENUE PROCEDURE 75-50. THE COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY IN ITS CATALOG. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: SWEET BRIAR COLLEGE PARTICIPATES IN A VARIETY OF FEDERAL FINANCIAL AID PROGRAMS INCLUDING THE FEDERAL WORK STUDY PROGRAM, SEOG, AND THE PELL GRANT PROGRAM. THE COLLEGE ALSO RECEIVES FEDERAL GRANTS AND CONTRACTS FOR ACADEMIC PROGRAMMING AND SCIENTIFIC RESEARCH. true Europe (Including Iceland and Greenland) 2 10 Program Services EDUCATIONAL PROGRAM 816549 Europe (Including Iceland and Greenland) Program Services SCHOLARSHIPS 129906 2 10 2 10 946455 946455 SCHOLARSHIPS TO FOREIGN STUDENTS Europe (Including Iceland and Greenland) 15 139926 PMT APPLIED false false false false false false SCHEDULE F, PART I, LINE 2 STUDENTS APPLY FOR SCHOLARSHIPS AND ARE AWARDED AMOUNTS THROUGH THE FINANCIAL AID PROCESS. THE FINANCIAL AID OFFICE DETERMINES THE AMOUNTS TO AWARD BASED ON CERTAIN CRITERIA AND AMOUNTS ARE DISBURSED AND POSTED TO STUDENT'S TUITION AND FEES ACCOUNT. SCHOLARSHIPS ARE CREDITED TO STUDENT TUITION ACOUNTS AT SWEET BRIAR COLLEGE. ANY STUDENT ACCOUNT THAT HAS A CREDIT BALANCE AFTER POSTING THE SCHOLARSHIP AMOUNTS WILL BE REFUNDED BY COLLEGE CHECK. true SCHOLARSHIPS FOR STUDENTS TO ATTEND SWEET BRIAR 280 6049639 SCHEDULE I, PART I, LINE 2 INSTITUTIONAL MERIT SCHOLARSHIPS ARE AWARDED ON THE BASIS OF DEMONSTRATED ACADEMIC EXCELLENCE AND PROMISE FOR FUTURE SUCCESS AT THE COLLEGE. WHILE A NUMBER OF FACTORS ARE CONSIDERED, THE COLLEGE RELIES HEAVILY ON THE EVALUATION OF HIGH SCHOOL COURSEWORK, HIGH SCHOOL GRADE POINT AVERAGES AND CLASS RANK, STANDARDIZED TEST SCORES, WRITTEN WORK AND LETTERS OF RECOMMENDATION. EXTRACURRICULAR INVOLVEMENT THAT DEMONSTRATES A PROMISE FOR SUCCESS AT THE COLLEGIATE LEVEL IS ALSO CONSIDERED. SCHOLARSHIP AWARDS ARE APPLIED TO THE STUDENT'S ACCOUNT FOR PAYMENT TOWARD TUITION, ROOM, BOARD AND FEES. X X X true true X X X X true false false false false false false false false Mr James Jones PRESIDENT 330426 0 0 0 4568 0 0 0 0 0 334994 0 0 0 Mr Scott Shank Vice President, Finance 274130 0 0 0 21150 0 0 0 0 0 295280 0 0 0 Dr Amy Jessen-Marshall Dean, Vice President Academics 150120 0 0 0 12434 0 0 0 0 0 162554 0 0 0 PART 1, LINE 1A: TRAVEL FOR COMPANIONS: THE PRESIDENT'S SPOUSE WILL OCCASIONALLY TRAVEL ON CERTAIN COLLEGE FUNCTIONS. THERE IS A SUBSTANTIAL BUSINESS PURPOSE FOR SUCH TRAVEL, AND THE EXPENSES ARE DOCUMENTED AND RETAINED ON FILE. RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT AND VICE PRESIDENT FOR FINANCE AND ADMINISTRATION ARE REQUIRED TO LIVE IN THE SCHOOL'S HOUSES LOCATED ON THE CAMPUS. THESE RESIDENCES ARE PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICES EFFICIENTLY DISCHARGED. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. PERSONAL SERVICES: THE SCHOOL PROVIDES PERSONAL SERVICES TO THE PRESIDENT FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE PRESIDENT CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS IS A TAXABLE BENEFIT. PART I, LINE 4A: A SEVERANCE PACKAGE WAS PROVIDED TO James Jones totaling $152,250 and Amy Jessen-Marshall totaling $12,377. A Industrial Development Authority - Town of Amherst 541804155 031489BY2 2011-09-01 10000000 Current Refunding of B 2008 false false false B Industrial Development Authority - Town of Amherst 546001113 031489BX4 2006-02-23 21041170 Refunding of 1998A,1998B,1999-2002 false false false A 1383532 0 10000000 0 0 0 0 0 0 0 0 0 2011 true false true true B 5675000 0 20865000 0 0 0 334871 0 0 0 0 0 2006 false true true true A false false false false 0 false false false true B false false false false 0 false false false true A false false true false false false 0 false 0 false false B false false true false false false 0 false 0 false false A false B false SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS OF ISSUE FOR THE 2006 BOND IS $176,170 LESS THAN THE ORIGINAL ISSUE PRICE DUE TO A REFUND OF THE BOND IN FISCAL YEAR 2012. X 117 1779489 AVG TRADING VALUE 4 false true false SCHEDULE M, LINE 33: THE INSTITUTE OWNS A COLLECTION OF VARIOUS OBJECTS OF ART. THESE ITEMS ARE HELD FOR PUBLIC EXHIBITION RATHER THAN FOR FINANCIAL GAIN AND ARE KEPT PROTECTED AND PRESERVED. IT IS THE INSTITUTE'S POLICY TO USE ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. ACCORDINGLY, THE INSTITUTE DOES NOT RECOGNIZE CONTRIBUTIONS OF WORKS OF ART, NOR ARE WORKS OF ART CAPITALIZED AND RECORDED ON THE STATEMENTS OF FINANCIAL POSITION. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: MEMBERS OF A WORLD COMMUNITY. IT FOCUSES ON PERSONAL AND PROFESSIONAL ACHIEVEMENT THROUGH A CUSTOMIZED EDUCATIONAL PROGRAM THAT COMBINES THE LIBERAL ARTS, PREPARATION FOR CAREERS AND INDIVIDUAL DEVELOPMENT. THE FACULTY AND STAFF GUIDE STUDENTS TO BECOME ACTIVE LEARNERS, TO REASON CLEARLY, TO SPEAK AND WRITE PERSUASIVELY AND TO LEAD WITH INTEGRITY. THEY DO SO BY CREATING AN EDUCATIONAL ENVIRONMENT THAT IS BOTH INTENSE AND SUPPORTIVE AND WHERE LEARNING OCCURS IN MANY DIFFERENT VENUES, INCLUDING THE CLASSROOM, THE COMMUNITY AND THE WORLD. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: STUDENT SERVICES: TO PROVIDE VARIOUS SERVICES SUCH AS ADMISSIONS, FINANCIAL AID, CAREER PLANNING, CHAPLAIN, DEAN, HEALTH CENTER AND REGISTRAR. PROGRAM REVENUE IS FROM MULTIPLE SOURCES INCLUDING ADMISSIONS, LATE FEES, SALES & SERVICE, ALUMNAE ASSOCIATION REVENUE, AND ON CAMPUS CATERING. RESEARCH: TO PROVIDE GRANTS FOR FACULTY ACADEMIC SUPPORT: TO PROVIDE ACADEMIC SERVICES SUCH AS LIBRARY, AUDIO-VISUAL & ACADEMIC DEAN. FORM 990, PART VI, SECTION B, LINE 11: THE 990 FORM AND REQUIRED SCHEDULES WERE REVIEWED BY MANAGEMENT PRIOR TO FILING. AN ELECTRONIC VERSION OF THE RETURN WAS MADE AVAILABLE TO THE OFFICERS AND DIRECTORS OF THE INSTITUTE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE IN ACCORDANCE WITH THE SWEET BRIAR COLLEGE WRITTEN CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST FORMS ARE FILED WITH THE PRESIDENT'S OFFICE ANNUALLY AND ARE REVIEWED BY THE CFO AND INDEPENDENT AUDITORS. IN GENERAL, WHEN AN INDIVIDUAL COVERED BY THIS POLICY IS DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE BOARD OR ADMINISTRATION, THAT INDIVIDUAL SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION WHICH MAY BE IMPAIRED BY THE POTENTIAL CONFLICT, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION, NOR SHALL SHE OR HE ATTEMPT TO INFLUENCE THE VOTES OR POSITIONS OF OTHERS. WHEN DEEMED APPROPRIATE, A NOTE IN THE MINUTES OF THE MEETING SHALL SPECIFY THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. IN ALL INSTANCES WHERE A CONFLICT OF INTEREST IS DETERMINED TO EXIST, SUCH CONFLICTS, AND THEIR REMEDY, SHALL BE DISCLOSED TO THE BOARD AT LEAST ANNUALLY. ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY AN INDEPENDENT COMPENSATION COMMITTEE AND BY THE USE OF COMPARABLE DATA PROVIDED FROM FORMS 990 OF OTHER SIMILIARLY SITUATED HIGHER EDUCATION INSTITUTIONS. COMPENSATION IS APPROVED BY THE BOARD ANNUALLY AND DOCUMENTED IN THE BOARD MEETING MINUTES. IN DETERMINING NEWLY HIRED EXECUTIVES' PAY, DATA IS USED FROM ANNUAL CUPA-HR ADMINISTRATIVE SALARY SURVEYS AND SPECIFICALLY REGARDING SALARIES FOR: 1.PRIVATE INDEPENDENT INSTITUTIONS WITH ENROLLMENT UNDER 1,000, COMPARING TO THE FIRST QUARTILE OF ENROLLMENT, WHICH IS THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 2.PRIVATE INDEPENDENT INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE, WHICH IS THE MOST SIMILAR TO SWEET BRIAR COLLEGE. 3.BACCALAUREATE INSTITUTIONS WITH A BUDGET IN THE 2ND QUARTILE (MELDING TYPE OF INSTITUTION AND BUDGET SIZE). 4.THE SAME DATA POINTS ARE USED FOR AN ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION, SHARING THE DATA WITH THE CHAIRMAN OF THE BOARD, WHO THEN SHARES THE DATA WITH THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ONLY. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS Unrealized endowment loss totaling ($2,357,808), Loss on foreign currency transactions totaling ($12,662), decrease in value of split-interest gifts totaling ($150,969), gain on plant and other plant disposals totaling $86,060, decrease in value of beneficial interest of perpetual trusts totaling ($563,091), increase in endowment spending allocation totaling $488,193, and decrease in investment income and net gains totaling ($673,028). SBC FOREIGN PROGRAMS INC PO Box 1051 Sweet Briar VA 24595 541733600 education VA 501(C)(3) type ii SB Institute false sbc restoration lessee llc PO BOX 1090 SWEET BRIAR VA 24595 465731000 renovations VA SWEET BRIAR 636509 1420336 false 0 0.99000 false true false false false false false false false false false false false true true false false true false SBC Foreign Programs Inc N 68112 actual cost SBC Foreign Programs Inc O 107394 actual cost SBC Foreign Programs Inc R 475000 actual cost