2011-05-16T13:10:56-05:00 2010-06-30 Cherry Bekaert & Holland LLP 1111 Metropolitan Avenue Suite 1000 Charlotte NC 28204 990 2009-07-01 560529933 BARTON COLLEGE BART 2523996331 PO BOX 5000 WILSON NC 278937000 norval kneten 2523996331 2011-05-13 1 7043771678 2009 2016-02-24 21:20:13Z NORVAL KNETEN PO BOX 5000 WILSON NC 278937000 30633923 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. 35 35 678 50 0 0 4580567 3497212 23717626 23850022 -51263 741336 919340 839961 29166270 28928531 8548345 8547717 0 10025197 10105140 0 802280 11419657 11248021 29993199 29900878 -826929 -972347 58800050 59768241 23905854 24537467 34894196 35230774 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 11314124 4554866 12597254 INSTRUCTION: ACADEMIC DEPARTMENTS, LIFELONG EDUCATION, SUMMER SCHOOL, AND PORTIONS OF GENERAL EXPENSES AND PHYSICAL PLANT EXPENSES. APPROXIMATELY 1,200 STUDENTS ENROLLED IN CLASSES. 2415045 2688934 ACADEMIC SUPPORT: ACADEMIC DEANS' OFFICES, INSTRUCTIONAL SUPPORT, LIBRARY, REGISTRAR, COMPUTER CENTER, INSTITUTIONAL RESEARCH, AND INFORMATION TECHNOLOGY. 3991083 3992851 4443710 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). 4454860 4960084 STUDENT SERVICES: ENROLLMENT SERVICES, STUDENT SERVICES, FINANCIAL AID, HOUSING AND FOOD SERVICES, POST OFFICE, COLLEGIATE ATHLETICS, AND OTHER ACTIVITIES. 4454860 4960084 22175112 1 1 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 88 0 678 1 0 0 0 0 0 0 0 0 0 35 35 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 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 DALE BONE 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 MRS CATHERINE P COMBS 0.50 X 0 0 0 MR WHITNEY D COOLBAUGH 0.50 X 0 0 0 MR THOMAS A COZART 0.50 X 0 0 0 DR GILBERT D DAVIS JR 0.50 X 0 0 0 MR GREGG A DEMAR 0.50 X 0 0 0 MR ROBERT L DUNN JR 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 0.50 X 0 0 0 MR GEORGE C FINKLEA JR 0.50 X 0 0 0 MR VANCE T FORBES JR 0.50 X X 0 0 0 MR THOMAS W GRAVES JR 0.50 X 0 0 0 MR ASHLEY T HOOKS 0.50 X 0 0 0 MRS PHYLLIS PARISH HOWARD 0.50 X 0 0 0 MR KENNETH A JONES 0.50 X 0 0 0 MR JOHN F LEE 0.50 X 0 0 0 REV SOTELLO LONG 0.50 X 0 0 0 REV DAVID MALLORY 0.50 X 0 0 0 REV DR RAY MILES 0.50 X 0 0 0 MRS FRANCES D MOYE 0.50 X 0 0 0 MR JAMES S PRIDGEN 0.50 X 0 0 0 MR RUSSELL T RAWLINGS 0.50 X 0 0 0 REV 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 X 0 0 0 REV JOANNE VERBURG 0.50 X 0 0 0 DR PHILLIP H WARREN 0.50 X 0 0 0 mr bobby d white 0.50 X 0 0 0 MR LUKE WILKINS 0.50 X 0 0 0 MR C LEON WILSON III 0.50 X 0 0 0 NORVAL KNETEN 60.00 X 226267 0 24571 RICHARD A MARSHALL 60.00 X 117032 0 16924 TERRENCE L GRIMES 60.00 X 96961 0 12137 KATHLEEN THOMPSON 60.00 X 103500 0 15977 GEORGE SOLAN 60.00 X 80712 0 14382 rosanne harrell 60.00 X 58146 0 9420 d kris lynch 40.00 X 0 0 0 682618 0 93411 3 0 1 0 ARAMARK 22506 NETWORK PLACE CHICAGO IL 60673 FACILITY AND GROUNDS MAINTENANCE 1797736 ARAMARK SERVICES INC PO BOX 5000 WILSON NC 27893 FOOD SERVICES FOR CAFETERIA 1433466 SOUTHERN PIPING COMPANY PO BOX 1361 WILSON NC 27894 HVAC CONTRACTOR 213463 CASTERBRIDGE TOURS 32 NORTH AUGUSTA STREET STAUNTON VA 24401 EDUCATIONAL TOURS 182401 RIVERSIDE PRINTING INC 1131 ATLANTIC AVENUE ROCKY MOUNT NC 27801 PRINTING & PUBLICATIONS 143356 10 1758341 1738871 3497212 TUITION AND FEES 900099 20107736 20107736 AUXILIARY ENTERPRISES 900099 3742286 3742286 23850022 532624 532624 1914104 1705392 208712 208712 208712 OTHER INCOME 900099 839961 839961 839961 28928531 24689983 0 741336 8547717 8547717 721461 207217 397397 116847 7396086 6173859 925704 296523 397671 327963 48723 20985 1014962 538665 429856 46441 574960 485571 57477 31912 2154281 1784156 293608 76517 49082 19010 18889 11183 1032992 724583 235962 72447 375465 375465 656320 352720 296613 6987 651143 651143 1307435 1307435 236336 88738 147598 OPERATIONS & MAINTENANC 2801953 1784954 911389 105610 BAD DEBTS 749745 749745 BOOKSTORE EXPENSES 644796 393995 250801 dues, subscriptions & m 335847 241417 94230 200 equipment & maintenance 228088 109188 106916 11984 24538 19894 4644 29900878 22175112 6923486 802280 1547055 409534 680527 1041380 305663 615870 1877141 1635942 1576302 1700543 82544 110135 318395 311309 50880725 18728771 32425785 32151954 19986638 21791574 58800050 59768241 741675 878486 259839 436394 14090000 13894048 3484439 3677652 5329901 5650887 23905854 24537467 X 4779393 10385900 10088216 5020818 20026587 19824056 34894196 35230774 58800050 59768241 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20307571 494346 2142549 966160 21978306 24951617 520493 -3737422 1427117 20307571 0.03000 0.97000 0 0 3170668 3170668 38051118 14937116 23114002 6988000 2743167 4244833 2670939 1048488 1622451 32151954 ALTERNATIVE INVESTMENTS 3540650 F CASH MANAGEMENT FUNDS 277381 F DEBT SECURITIES 4498809 F equity securities 13474734 F 21791574 OTHER LIABILITIES 229349 ACCRUED SALARIES 556220 ACCRUED VACATION 254652 ASSET RETIREMENT OBLIGATION 1757478 STUDENT LOAN ADVANCES 1449462 DEPOSITS AND STUDENT CREDIT BALANCES 782307 INTEREST RATE SWAP AGREEMENT 621419 5650887 28928531 29900878 -972347 1401213 -92288 1308925 336578 25682590 1401213 -4647154 -3245941 28928531 0 28928531 25346012 0 25346012 4554866 4554866 29900878 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: THE COLLEGE ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC REALTED TO INCOME TAXES ON JUNE 1, 2007. THE COLLEGE'S POLICY IS TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, AND ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT A TAX 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 BOTH JUNE 30, 2010 AND 2009, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. Part XI, Line 8 - Other Adjustments: CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT: -92288. Part XII, Line 2d - Other Adjustments: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS: -4554866. CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT: -92288. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS SHOWN NET OF TUITION AND FEES ON FINANCIALS: 4554866. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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 1 SCHOLARSHIPS AND GRANTS 1432 8547717 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 to student accounts. Student account balances are then monitored by the business office. Student eligibility and academia are monitored by the registrar. All these functions provide redundancy in monitoring the scholarships and financial aid granted. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 NORVAL KNETEN 226267 0 0 0 0 0 15839 0 8732 0 250838 0 0 0 NC FACILITIES FINANCING AGENCY 561592154 65818PDY2 2004-06-24 18000000 FACILITIES CONSTRUCTION AND RENOVATION & RE-FINANCED EXISTING BONDS 0 0 18000000 18000000 2005 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Form 990, Part VI, Section B, line 11 A copy of the Form 990 is given to the Audit Committee for review prior to filing. Committee will advise the Controller of any concerns and advise to submit. the reviewed 990 will be posted to the board of trustees website prior to filing for board members to review. 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. FORM 990, PART XI, LINE 2C THE BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT AND SELECTS INDEPENDENT ACCOUNTANTS.