Newberry College is located in Newberry, SC. The organization was established in 1940. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Newberry College employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newberry College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Newberry College generated $54.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $51.2m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE UNDERGRADUATE EDUCATION FOR APPROXIMATELY 1,000 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 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.
STUDENT SERVICESAT NEWBERRY COLLEGE, LEARNING TAKES PLACE BOTH INSIDE AND OUTSIDE THE CLASSROOM. NO MATTER WHERE A STUDENT FINDS THEMSELVES -- ON-CAMPUS, IN-TOWN, OR OFF-THE-BEATEN-PATH -- THEY EXCHANGE IDEAS AND BUILD RELATIONSHIPS WITH FACULTY, OTHER STUDENTS, AND COMMUNITY MEMBERS ALIKE. STUDENTS DISCOVER THE "CLASSROOM" EXTENDS FAR BEYOND IVY-COVERED WALLS TO THE GREATER NEWBERRY COMMUNITY, REGION, AND WORLD. STUDENTS 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 STUDENTS 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 A THE LEARNING PROCESS. WE SUPPORT STUDENTS BY PROVIDING EVERYTHING STUDENTS 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.ACCESSIBILITY AND AFFORDABILITY ARE PARAMOUNT.
AUXILIARY ENTERPRISESSTUDENT 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 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Maurice Scherrens President | Officer | 37.5 | $344,857 |
Ms Lori Ann Summers VP Institutional Advancement | 37.5 | $168,505 | |
Dr Sidney H Parrish Vpaa & Dean Of College | 37.5 | $152,533 | |
Mr David Sayers VP Admin Affairs & CFO | Officer | 37.5 | $151,375 |
Mr Chris Harris Dean Of Enrollment Management | 37.5 | $106,340 | |
Mr Ralph Patterson Athletic Director | 37.5 | $103,700 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
J Davis Construction Inc Construction Services | 6/29/21 | $1,327,952 |
Sodexo Food Services | 6/29/21 | $2,290,712 |
Aramark Services Inc Facilities Management | 6/29/21 | $1,207,993 |
Ardeo Lrap Association Inc Fee For Students Enrolled In Guaranty | 6/29/21 | $514,338 |
Net3 Technology Information Technology Services | 6/29/21 | $548,575 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $70,727 |
Government grants | $1,214,849 |
All other contributions, gifts, grants, and similar amounts not included above | $5,641,117 |
Noncash contributions included in lines 1a–1f | $153,037 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,926,693 |
Total Program Service Revenue | $45,416,118 |
Investment income | $589,842 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,060,142 |
Net Income from Fundraising Events | $31,701 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $54,024,496 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $19,916,709 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $512,265 |
Compensation of current officers, directors, key employees. | $152,889 |
Compensation to disqualified persons | $64,576 |
Other salaries and wages | $10,612,616 |
Pension plan accruals and contributions | $303,037 |
Other employee benefits | $1,534,800 |
Payroll taxes | $811,875 |
Fees for services: Management | $0 |
Fees for services: Legal | $52,212 |
Fees for services: Accounting | $100,420 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $173,023 |
Fees for services: Other | $5,869,877 |
Advertising and promotion | $30,299 |
Office expenses | $410,670 |
Information technology | $928,385 |
Royalties | $0 |
Occupancy | $4,942,785 |
Travel | $300,546 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,513 |
Interest | $1,183,894 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,617,857 |
Insurance | $640,169 |
All other expenses | $0 |
Total functional expenses | $51,166,246 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,990,918 |
Savings and temporary cash investments | $4,842,464 |
Pledges and grants receivable | $1,131,143 |
Accounts receivable, net | $797,559 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $208,058 |
Net Land, buildings, and equipment | $33,401,002 |
Investments—publicly traded securities | $17,324,098 |
Investments—other securities | $4,346,772 |
Investments—program-related | $869,468 |
Intangible assets | $0 |
Other assets | $1,871,425 |
Total assets | $69,782,907 |
Accounts payable and accrued expenses | $4,311,017 |
Grants payable | $0 |
Deferred revenue | $259,640 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $29,847,473 |
Unsecured mortgages and notes payable | $1,525,888 |
Other liabilities | $1,343,425 |
Total liabilities | $37,287,443 |
Net assets without donor restrictions | $11,813,065 |
Net assets with donor restrictions | $20,682,399 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $69,782,907 |
Over the last fiscal year, we have identified 2 grants that Newberry College has recieved totaling $24,000.
Awarding Organization | Amount |
---|---|
Taylor Foundation Of Newberry Inc Newberry, SC PURPOSE: CAPITAL | $20,000 |
Taylor Foundation Of Newberry Inc Newberry, SC PURPOSE: SCHOLARSHIP | $4,000 |
Beg. Balance | $17,540,875 |
Earnings | $2,647,767 |
Net Contributions | $432,412 |
Other Expense | $1,028,583 |
Ending Balance | $19,592,471 |
Organization Name | Assets | Revenue |
---|---|---|
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |
North Carolina Wesleyan University Rocky Mount, NC | $65,274,015 | $57,107,518 |
Mars Hill University Mars Hill, NC | $168,863,107 | $54,418,250 |