2016-05-13T12:47:50-05:00 2015-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2014-07-01 570314404 Newberry College NEWB 8032765010 2100 College Street Newberry SC 29108 Kathy Worster VP of Business Affairs/CFO 8032765010 2016-05-13 1 Edward M Priem II P01783684 6785185301 2014 2016-08-17 19:52:53Z Maurice Scherrens 2100 College Street Newberry SC 29108 47335322 0 X www.newberry.edu X 1856 SC Provide undergraduate education for approximately 1,000 students. 25 24 489 30 0 0 6816534 3529673 31658699 34562619 379949 403245 199535 -18206 39054717 38477331 12792212 13798915 0 0 9858958 11607926 0 126628 183019 15101724 16042184 37752894 41575653 1301823 -3098322 58004236 53044355 29675647 29645998 28328589 23398357 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 22419474 13758915 25894704 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 RANKED AS ONE OF THE COUNTRY'S BEST COLLEGESNEWBERRY, S.C. (Oct. 8, 2014) Newberry College has been ranked on the 2015 U.S. News & World Report Best Colleges rankings. The College earned three top rankings in the national magazines annual report, finding itself on the lists for the following:-Best Colleges in the South (33rd, Newberry Colleges highest ranking to-date)-Colleges in the South with the Least Student Debt (5th)-The South's Best Colleges for Veterans (11th)-12:1 Student to Faculty ratio-75% Full-Time faculty hold the highest degree in their fieldFIELD EXPERIENCES HELP STUDENTS APPLY CLASSROOM LEARNINGFebruary 8, 2015Newberry College students got the chance to apply some of their classroom learning during a recent visit to Newberry Industries, a community-based organization that provides training and services for people with a variety of career and educational needs. Students in Dr. Peggy Winders PHE 302 Adapted Physical Education class are learning about how to involve individuals with physical, emotional and learning disabilities in physical education. TEN NEWBERRY COLLEGE STUDENTS SELECTED FOR NATIONAL RECOGNITION IN WHO'S WHONovember 17, 2014Ten Newberry College students were inducted into the list of Who's Who Among Students in American Universities and Colleges at the schools founders convocation held Nov. 14 in Wiles Chapel.NSF GRANT SUPPORTS STEM TEACHER PREPFebruary 23, 2015The National Science Foundation has awarded Newberry College with a five-year grant of $797,832 from the Robert Noyce Teacher Scholarship Program [http://nsfnoyce.org] to support the Colleges efforts to produce more science and math teachers for South Carolina school districts.31ST ANNUAL SCIENCE OLYMPIAD KICKS OFF SATURDAYFebruary 23, 2015Middle and high schools from around the state of South Carolina are hard at work in preparation for the 31st annual South Carolina Science Olympiad competitions to be held on the Newberry College campus. 8139121 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:MINNESOTA VIKINGS DRAFT NEWBERRY ALUM EDMOND ROBINSONMay 1, 2015By Josh Manck, Assistant AD for Athletic CommunicationsCHICAGO- Newberry College graduate Edmond Robinson has been selected in the 2015 National Football League Draft as the 232nd overall pick in the seventh round by the Minnesota Vikings.Robinson is the first NCAA Division II player taken in this years NFL Draft.Robinson is a December 2014 graduate of Newberry College and a native of Wadmalaw Island, S.C., and St. Johns HS alumnus. 3278467 8667915 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. 378930 40000 Academic SupportNOTEWORTHYNEWBERRY COLLEGE HITS RECORD HIGH FRESHMAN ENROLLMENTSeptember 8, 2014Newberry College welcomed a record high 379 new students to campus this fall, a 19 percent increase compared to this time last year and the largest incoming class in the 157 year history of the College.NEWBERRY COLLEGE RECEIVES ACCREDITATION REAFFIRMATIONDecember 8, 2014Record-breaking enrollment and fundraising results helped fuel accrediting agencys decision.Newberry College has been fully reaffirmed for accreditation by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) the accrediting agency today announced. The College will next be reviewed as part of the regular SACSCOC five-year review process and undergo the complete reaffirmation process as normal in 2022. 114019 Public ServiceNOTEWORTHY:THREE NEWBERRY ART PROFESSORS FEATURED IN REGIONAL EXHIBITIONApril 20, 2015Newberry College Art faculty are part of a show featuring 25 recent works by four regional artists at an exhibition on the campus of Spartanburg Methodist College in Ellis Hall Gallery. The exhibition runs now through May 15; it is free and open to the public.NEWBERRY COLLEGE PROFESSOR'S BIZCAMP SETS OUT TO TEACH YOUNG ADULTS FUNDAMENTALS OF BUSINESSJuly 17, 2014By: Kelly Petty of ColaDaily.comA group of Midlands students gathered at the Richland Library this week to learn the fundamentals of business ownership. Newberry College professor Paul Smith teamed up with Palmetto Citizens Federal Credit Union to host the third annual BizCamp to teach young people entrepreneurship and financial literacy. 492949 40000 34330011 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 1 1151 0 1 489 1 0 0 0 0 0 1 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 SC X Anissa Truesdale 8032765010 2100 College Street Newberry SC 29108 Mr Hugo A Hap Pearce II Board Chair 10.00 1.00 X X 0 0 0 Mr Joel M Carter Board Vice Chair 8.00 X X 0 0 0 Mr R Jonathan Shot Hart Treasurer 8.00 X X 0 0 0 Mr Fred B Johnston Secretary 8.00 X X 0 0 0 Ms Cindee Bailey Trustee 5.00 X 0 0 0 Dr Laura N Black Trustee 5.00 X 0 0 0 Dr Joe Blair Trey Castles Trustee 5.00 X 0 0 0 Ms Barbara L Davis Trustee 5.00 2.00 X 0 0 0 Mr Paul H Derrick Trustee 5.00 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 Robert James Trustee 5.00 X 0 0 0 Ms Barbara Hartley Carey Trustee 5.00 2.00 X 0 0 0 Mr Frank Snyder Trustee 5.00 1.00 X 0 0 0 Mr Kirk Bridges Trustee 5.00 X 0 0 0 Mr William Dukes Trustee 5.00 X 0 0 0 Mr Joe Trainor Trustee/Exe Comm at Large 5.00 X 0 0 0 Ms Misty West Trustee 5.00 X 0 0 0 The Rev Herman R Yoos III Trustee 5.00 X 0 0 0 Mr Eric Wells Trustee 5.00 X 0 0 0 Mr Wade Nichols Trustee 5.00 X 0 0 0 Mr Eddie Gunn Trustee 5.00 X 0 0 0 Mr John Michael Surles Trustee 5.00 2.00 X 0 0 0 Mr Marshall Prince Trustee 5.00 X 0 0 0 Mr Eugene Chin Yu Trustee 5.00 X 0 0 0 Maurice Sherrens President 37.50 1.00 X 225000 0 14718 Kathy Worster VP Admin Affairs & CFO 37.50 X 129755 0 17121 Timothy Elston VPAA & Dean of College 37.50 X 117339 0 7028 James Scott Joyner VP Institutional Advancement 37.50 2.00 X 125739 0 19310 597833 0 58177 4 0 1 0 Aramark Services PO Box 828441 Philadelphia PA 191828441 Facilities management 1895734 Sodexo 2100 College Street Newberry SC 29108 Food services 1348631 Net3 Technology Inc 105 N Spring St Ste 100 Greenville SC 29601 Information technology services 529616 Rock EnRollment Consulting Inc 3133 Lakeview Drive Delray Beach FL 33445 Consulting 156000 Atchson Transportation Services Inc PO Box 1728 Spartanburg SC 293041728 Bus transportation 139400 10 4347 3525326 160000 3529673 Tuition and fees 611310 25209322 25209322 Auxiliary enterprises 611310 8667915 8667915 685382 685382 34562619 525424 525424 41693 73970 -32277 -32277 -32277 8656285 8778464 -122179 -122179 -122179 19628 4347 5557 14071 14071 38477331 34562619 0 385039 40000 40000 13758915 13758915 656411 131471 524940 70457 70457 8784900 7755567 1029333 250130 67988 182142 1169253 981373 187880 676775 475699 201076 33560 33560 76630 76630 126628 126628 125557 125557 6558258 5490222 1056927 11109 78452 17728 60724 551297 429756 121541 509030 53242 455788 2739122 2055099 684023 634221 27262 606959 31205 29541 1664 1261807 937110 324697 1455391 1085105 370286 555493 281096 274397 Provison for bad debt 507147 507147 Events 247610 178130 24198 45282 Athlectic expenses 241146 241146 Dues and fees 213112 145406 67706 223146 77698 145448 41575653 34330011 7062623 183019 5491120 3851591 3959 2184707 3334455 364726 315305 2580012 133982 145924 61981649 38164014 24168560 23817635 14222857 18083233 3372161 1485661 4997896 2494807 58004236 53044355 886483 1796119 3843720 495768 536407 20081194 26135614 4864250 682090 29675647 29645998 X 8925178 2572384 3286875 6352032 16116536 14473941 28328589 23398357 58004236 53044355 X -3098322 170779 -1196949 -805740 X X 0 1 X 1 1 1 X 4654461 2817480 3129956 6816534 3529673 20948104 4654461 2817480 3129956 6816534 3529673 20948104 1738733 19209371 3835 -5407 -204041 451361 567117 812865 19628 19628 21780597 162561498 0.88190 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising event income - 2014 Amount: $ 19,628. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1317515 X X 0 15126598 649786 450738 700894 1424184 14102044 15551406 290433 1083918 1799159 15126598 15171236 310717 945952 876499 15551406 17883820 229852 -516356 2426080 15171236 14752011 245341 3770588 884120 17883820 0.05850 0.00410 0.93740 0 0 1513139 1513139 44968531 23384380 21584151 15214385 14600090 614295 285594 179544 106050 23817635 Cash surrender value of life insurance 490560 C Alternative investments 438499 C Corporate bonds 2443102 C 3372161 U.S. government loan funds refundable 682090 682090 X 24037425 170779 -14564655 -14393876 38431301 125557 -79527 46030 38477331 27770708 79527 79527 27691181 125557 13758915 13884472 41575653 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. Part V, Line 1: The prior period adjustment as noted in Form 990, Part XI, Line 8 included a $35,300 adjustment to the 6/30/14 endowment fund balance. This adjustment was made through Part V, Column (b)Prior year, Line 1e, other expenditures for facilities and programs. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2015, the College had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The College files informational tax returns in the United States of America (U.S.). The College is generally no longer subject to U.S. federal tax examinations by tax authorities for years before 2011. Part XI, Line 2d - Other Adjustments: Tuition scholarships -13,758,915. Change in value of perpetual trusts -805,740. Part XI, Line 4b - Other Adjustments: Rental expenses -73,970. Fundraising event expenses -5,557. Part XII, Line 2d - Other Adjustments: Rental expenses 73,970. Fundraising event expenses 5,557. Part XII, Line 4b - Other Adjustments: Tuition scholarships 13,758,915. 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 publishes an annual notice of non-discrimination in the primary newspaper in our service area, The Newberry Observer and The State newspaper serving the broader Columbia region, which is closest metropolitan area in our service area. 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, and TEACH Grants. 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 Coleman Lew 326 W 10th Street Charlotte NC 28202 Consulting 0 0 50062 -50062 Keller McIntyre 1156 Fifteenth Street NW Ste 525 Washington DC 42689 Consulting 0 0 42689 -42689 Jerry Chitty 2221 Raven Trail West Columbia SC 29169 Solicitation/Fundraising 0 0 18877 -18877 Jim Hale 2005 College Street Newberry SC 29108 Planned Giving 0 0 15000 -15000 126628 -126628 SC Golf Tournament 23975 4347 19628 400 1604 2000 1221 332 23975 4347 19628 400 1604 2000 1221 332 5557 14071 1 Newberry College Foundation Board of Visitors 2100 College St Newberry SC 29108 576026382 501 (c) 3 40000 Land acquisition 1 Scholarships 1049 13758915 Part I, Line 2: Awarded grants and scholarships are directly credited against the student's tuition balance. The Financial Aid Office tracks the amounts awarded and periodically runs reports to check for changes in eligibility for all outside grants or scholarships. Grants to the Newberry College Foundation Board of Visitors are monitored by the common management between Newberry College and the organization. X 1 1 X 0 0 0 0 0 0 0 0 0 Maurice Sherrens President 225000 0 0 0 0 0 0 0 15414 0 240414 0 0 0 Part I, Line 1a Maurice Scherrens, President, receives a housing allowance. The house is located on the College campus, it is provided for the convenience of the College and is a condition of employement. It is not considered taxable income. 1000 Tuition assistance Financial assistance Barbara Joyner Family member of James Scott Joyner, VP Institutional Advancement 45917 Compensation and benefits 0 Sandra J Scherrens Family member of Maurice Sherrens, President 24000 Compensation 0 Oakland Mill Master Tenant LLC Entity more than 35% owned by Misty West, Trustee of organization 1043810 Rental of facilites 0 Schedule L, Part IV, Business Transactions with Interested Persons: Oakland Mill Master Tenant is 100% owned by Misty West and family members. X 1 160000 Appraisal 0 0 0 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's CFO and Director of Financial Reporting. 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 is responsible for reviewing signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. If a matter related to a potential conflict were to arise the conflict would be reviewed by the Board of Trustees, the interested person would abstain from voting on matters related to the noted conflict. 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 officer 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 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 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 XI, line 9: Change in value of perpetual trusts -805,740. Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Newberry College Foundation Board of Visitors 2100 College Street Newberry SC 29108 576026382 To support the mission of the College SC 501(c)(3) Line 11a, I Newberry College 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 Newberry College Foundation Board of Visitors B 0 Newberry College Foundation Board of Visitors K 0