2014-05-12T16:11:42-05:00 2013-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2012-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 NORVAL KNETEN 2523996331 2014-05-09 1 JANICE A RATICA P00358837 7043771678 2012 2015-11-30 17:44:51Z NORVAL KNETEN PO BOX 5000 WILSON NC 278937000 36855209 0 X WWW.BARTON.EDU X 1902 NC LOCATED IN WILSON, NORTH CAROLINA, BARTON COLLEGE IS AN ACADEMIC COMMUNITY OF APPROXIMATELY 1,200 STUDENTS AND 200 FACULTY AND STAFF. NATIONALLY RECOGNIZED FOR ITS PROGRAMS IN EDUCATION, DEAF EDUCATION, NURSING AND SOCIAL WORK AND ITS CHAMPIONSHIP MEN'S ATHLETICS TEAMS, THE SCHOOL MAINTAINS A CLOSE-KNIT ATMOSPHERE AND EMPHASIZES INDIVIDUAL ATTENTION AND ENGAGED LEARNING. OUR 65-ACRE CAMPUS IS HOME TO BARTON BULLDOGS VARSITY ATHLETICS AND BOASTS FIVE RESIDENCE HALLS, THE W. N. HACKNEY LIBRARY, THE KENNEDY RECREATION & INTRAMURAL CENTER, AND OTHER STATE-OF-THE-ART FACILITIES. 34 34 698 50 0 0 6046976 2695131 26678760 27052887 -92514 1100171 383692 383792 33016914 31231981 8894798 8500145 0 0 11434099 11576662 0 0 970977 11419917 10624090 31748814 30700897 1268100 531084 61437211 61503622 20621637 17973427 40815574 43530195 X BARTON COLLEGE IS COMMITTED TO PROVIDING PROGRAMS AND OPPORTUNITIES TO ENCOURAGE THE INTELLECTUAL, SPIRITUAL, SOCIAL, AND CULTURAL DEVELOPMENT OF ITS STUDENTS AND TO CHALLENGE THEM FOR FUTURE LEADERSHIP AND SERVICE TO THEIR LOCAL AND GLOBAL COMMUNITIES. 0 0 7812028 23270685 INSTRUCTION: ACADEMIC DEPARTMENTS, LIFELONG EDUCATION, SUMMER SCHOOL, AND PORTIONS OF GENERAL EXPENSES AND PHYSICAL PLANT EXPENSES. APPROXIMATELY 1,218 STUDENTS ENROLLED IN CLASSES IN FISCAL YEAR 2013. 2214396 3782202 ACADEMIC SUPPORT: ACADEMIC DEANS' OFFICES, INSTRUCTIONAL SUPPORT, LIBRARY, REGISTRAR, COMPUTER CENTER, INSTITUTIONAL RESEARCH, AND INFORMATION TECHNOLOGY. 8500145 8500145 STUDENT AID: PELL AND SEOG GRANTS, NC LEGISLATIVE TUITION GRANT AND NC STATE CONTRACT GRANTS, FEDERAL WORK STUDY, SCHOLARSHIPS AND LOAN FUNDS (PERKINS AND GENERAL LOANS). 4814698 383792 STUDENT SERVICES: ENROLLMENT SERVICES, STUDENT SERVICES, FINANCIAL AID, HOUSING AND FOOD SERVICES, POST OFFICE, COLLEGIATE ATHLETICS, AND OTHER ACTIVITIES. 4814698 383792 23341267 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 25 0 698 1 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X KRIS LYNCH 2523996328 PO BOX 5000 WILSON NC 278937000 DR DUDLEY B ANDERSON 0.50 X 0 0 0 MR ROBERT V ANDREWS 0.50 X 0 0 0 DR SUSAN K BLUE 0.50 X 0 0 0 MR JOHN C BRANTLEY III 0.50 X 0 0 0 MRS JOSEPHINE M BROWN 0.50 X 0 0 0 DR ROBERT B CAYTON 0.50 X 0 0 0 MR JAMES E COBB JR 0.50 X 0 0 0 MR WHIT D COOLBAUGH 0.50 X 0 0 0 MR THOMAS A COZART 0.50 X 0 0 0 MR SCOTT C CRUIKSHANK 0.50 X 0 0 0 DR GILBERT D DAVIS JR 0.50 X 0 0 0 MR GROVER T DEES SR 0.50 X 0 0 0 MR JAMES M DURHAM 0.50 X 0 0 0 THE HONORABLE SIDNEY S EAGLES JR 0.50 X 0 0 0 MR DAVID A EVANS JR 0.50 X 0 0 0 MR DONALD I EVANS 0.50 X 0 0 0 MR VANCE T FORBES JR 0.50 X 0 0 0 MR ASHLEY T HOOKS 0.50 X 0 0 0 MR GEORGE C FINKLEA JR 0.50 X 0 0 0 MRS JOAN A JONES 0.50 X 0 0 0 MR KENNETH A JONES 0.50 X 0 0 0 MRS FRANCES D MOYE 0.50 X 0 0 0 MRS ANNE M ODDEN 0.50 X 0 0 0 REVEREND JOHN M RICHARDSON 0.50 X 0 0 0 MR ERIC W SELLERS 0.50 X 0 0 0 MR RUSSELL L STEPHENSON JR 0.50 X 0 0 0 MR D STUART WALSTON JR 0.50 X 0 0 0 DR GARNETT B WHITEHURST 0.50 X 0 0 0 MR LUKE DANIEL WILKINS 0.50 X 0 0 0 MR GARY S WILLIAMSON 0.50 X 0 0 0 MR C LEON WILSON III 0.50 X 0 0 0 MR JAMES S PRIDGEN 0.50 X 0 0 0 MR GREGG A DEMAR 0.50 X X 0 0 0 MRS PHYLLIS P HOWARD 0.50 X X 0 0 0 NORVAL KNETEN 40.00 X 380086 0 16654 D KRIS LYNCH 40.00 X 140739 0 10240 DR JOHN MARSDEN 40.00 X 148130 0 10828 DR KATHLEEN THOMPSON 40.00 X 113693 0 7959 782648 0 45681 4 0 1 0 ARAMARK FACILITIES 22506 NETWORK PLACE CHICAGO IL 60673 FOOD SERVICES FOR CAFETERIA 2176159 ARAMARK DINING PO BOX 5000 WILSON NC 27893 FACILITY AND GROUNDS MAINTENANCE 1584668 CITY OF WILSON POLICE DEPT PO BOX 2407 WILSON NC 27894 SECURITY 197258 WISHALL CONTRACTING PO BOX 307 CONETOE NC 27819 CONSTRUCTION 180242 JENZABAR 101 HUNTINGTON AVENUE STE 2200 BOSTON MA 02199 TECHNOLOGY SUPPORT 161951 7 170014 2525117 79029 2695131 TUITION AND FEES 900099 23270685 23270685 HOUSING FOOD AND OTHER SERVICES 900099 3782202 3782202 27052887 662761 662761 6047568 13070 5592058 31170 455510 -18100 437410 437410 OTHER INCOME 900099 383792 383792 383792 31231981 27436679 0 1100171 8500145 8500145 9284299 7196714 1540855 546730 454604 362650 59498 32456 1159248 562693 535939 60616 678511 500175 138447 39889 262977 39743 222134 1100 289408 105307 175984 8117 1140847 759158 302911 78778 660423 588459 58986 12978 290685 241151 42629 6905 342883 113151 229732 1456273 480570 975703 215358 75599 139759 OPERATIONS & MAINTENANC 2701910 1736116 847886 117908 FOOD & BEVERAGE 1376258 1305780 44016 26462 BOOKSTORE/STUDENT SVCS/ 986992 98107 888885 DUES, SUBSCRIPTIONS & M 119844 53627 57164 9053 780232 622122 128125 29985 30700897 23341267 6388653 970977 64844 35577 2255582 1962538 1000346 815414 1373594 828889 1425472 1264368 65726 76592 271176 266496 54116690 22914399 31999785 31202291 22980686 25051457 61437211 61503622 612344 692701 442037 297985 11344130 10016273 3251187 3215134 4971939 3751334 20621637 17973427 X 12794084 14415416 6588829 7284231 21432661 21830548 40815574 43530195 61437211 61503622 X 531084 1930015 253522 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23190444 373102 3048286 1130538 25481294 23141234 881807 248040 1080637 23190444 21978306 424563 2043310 1304945 23141234 20307571 494346 2142549 966160 21978306 24951617 520493 -3737422 1427117 20307571 0.02940 0.84870 0.12190 0 0 3273277 3273277 39208061 17785571 21422490 7440134 3374995 4065139 3866302 1753833 2112469 328916 328916 31202291 ALTERNATIVE INVESTMENTS 4198765 F CASH MANAGEMENT FUNDS 90242 F DEBT SECURITIES 5289710 F EQUITY SECURITIES 15472740 F 25051457 OTHER LIABILITIES 117920 ACCRUED SALARIES 589800 ACCRUED VACATION 268473 ASSET RETIREMENT OBLIGATION 1039995 STUDENT LOAN ADVANCES 1480333 DEPOSITS AND STUDENT CREDIT BALANCES 154061 INTEREST RATE SWAP AGREEMENT 20320 CAPITAL LEASE PAYABLE 80432 3751334 X 24915373 1930015 -8264723 -6334708 31250081 -18100 -18100 31231981 22200752 0 22200752 8500145 8500145 30700897 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 388 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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, 2013 AND 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE COLLEGE IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS -8,500,145. CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT 235,422. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -18,100. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS 8,500,145. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FEDERAL AND STATE AWARDS FROM THE STATE OF NORTH CAROLINA, US DEPARTMENT OF EDUCATION, AND THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES FOR THE PURPOSE OF STUDENT GRANTS, LOANS AND SCHOLARSHIPS. 1 SCHOLARSHIPS AND GRANTS 900 8500145 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND FINANCIAL AID FUNDS ARE AWARDED BY 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 X 0 0 0 0 0 0 0 0 0 NORVAL KNETEN 255086 0 125000 0 0 0 16654 0 0 0 396740 0 0 0 D KRIS LYNCH 140739 0 0 0 0 0 10240 0 0 0 150979 0 0 0 DR JOHN MARSDEN 148130 0 0 0 0 0 10828 0 0 0 158958 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 NC FACILITIES FINANCING AGENCY 561592154 65818PDY2 2004-06-24 18000000 FACILITIES CONSTRUCTION AND RENOVATION & RE-FINANCED EXISTING BONDS 0 0 0 A 18000000 2005 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 X 1 45400 APPRAISAL X 1 9099 FMV X CHINA 1 5305 FMV X FURNITURE 2 19225 FMV 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD HAS AUTHORIZED THE PRESIDENT AND VICE PRESIDENT TO REVIEW THE RETURN. IT 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 TRUSTEESHIP COMMITTEE OF THE BOARD. THIS COMMITTEE MEETS 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 THE VICE PRESIDENTS. HE RECEIVES EVALUATIONS FROM THE VP'S DIRECT REPORTS. HE ALSO USES COMPENSATION INFORMATION FROM NATIONAL AND STATE SURVEYS TO DETERMINE APPROPRIATENESS OF COMPENSATION LEVEL. ALL DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT 235,422. LOSS ON SALE OF FIXED ASSETS 18,100. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE EMPOWERED BY THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT SELECTION OF INDEPENDENT ACCOUNTANTS.