EIN 61-0444650

Berea College

IRS 501(c) type
501(c)(3)
Num. employees
1,204
City
Berea
Year formed
1855
Most recent tax filings
2022-06-01
Description
Berea College is distinctive among institutions of higher learning. Berea awards four-year tuition scholarships to all its students, who because of financial circumstances cannot otherwise afford a high-quality, residential, liberal arts education.
Total revenues
$243,070,272
2022
Total expenses
$155,512,051
2022
Total assets
$1,868,201,097
2022
Num. employees
1,204
2022

Program areas at Berea College

PUBLIC SERVICE-Aligned with its mission, Berea College has a commitment to engage with Appalachian communities through a variety of in-reach and outreach programs. Four such initiatives-Partners for Education, Grow Appalachia, Brushy Fork Leadership Institute, and the Appalachian Fund-exist primarily on external funds. Partners for Education receives the largest amount of external funding, almost exclusively through the Department of Education, to support cradle-to-career work with 50,000+ pre-K-high school students in Appalachian Kentucky. Private, state, and federal funding supports Grow Appalachia's mission to address food insecurity in central Appalachia, and Brushy Fork Leadership Institute's efforts to identify and support emerging leaders in rural communities are funded through Berea College, contract revenue, and private funding. Finally, the Appalachian Fund sub-grants monies from Berea College's Appalachian Fund endowment each year to improve the health, education, and general welfare of people living in Appalachia.
Student services - student support services such as admissions, student life, health services, labor program, and financial aid.
Instruction - expenditures of academic departments and other instruction activities benefiting approximately 1,500 students.
Residence halls and dining service for students.
Academic support - includes expenditures for the academic vice president and dean of faculty's office, library, media services, student laptop computer program, and other related activities that support the instructional mission of the College.
Student aid-expenditures for scholarships, grants and awards to students. Expenses reported include primarily direct student aid to assist with room and board, books and supplies. In addition, all degree-seeking Berea College students receive a full-tuition scholarship, also known as a cost of education scholarship, that is funded primarily from the spendable return from the endowment. The amount of full-tuition scholarships for the fiscal year was $68,262,000. These expenses are primarily included in the areas of instruction, student services, academic support, etc.
Student industries cost of operations (excluding cost of sales) which provide labor opportunities for students.

Grants made by Berea College

GranteeGrant descriptionAmount
Step By StepSupport of Organization Working To Improve General Welfare Within the Appalachian Region$51,500
Scott Christian Care CenterSupport of Organization Working To Improve General Welfare Within the Appalachian Region$40,233
Hindman Settlement SchoolSupport of Organization Working To Improve General Welfare Within the Appalachian Region$38,750
...and 34 more grants made totalling $693,848

Who funds Berea College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Anne Ray FoundationBridge Support Programming$7,694,540
Anne Ray FoundationEdwards Building Rebuild$4,600,000
Anne Ray FoundationFiber Loop Replacement$2,500,000
...and 145 more grants received totalling $29,232,020

Personnel at Berea College

NameTitleCompensation
Singleton DerrickVice President for Operations and Sustainability$180,792
Jeffrey S AmburgeyVice President for Finance
Berry ChadVice President for Alumni , Communications , and Philanthropy$187,018
Thompson TeriVice President for Strategic Initiatives$124,394
Barbour ChannellVice President for Student Life$135,876
...and 17 more key personnel

Financials for Berea College

RevenuesFYE 06/2022
Total grants, contributions, etc.$119,764,312
Program services$21,747,537
Investment income and dividends$26,467,937
Tax-exempt bond proceeds$0
Royalty revenue$55,107
Net rental income$119,071
Net gain from sale of non-inventory assets$73,407,995
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$19,977
Miscellaneous revenues$1,488,336
Total revenues$243,070,272

Form 990s for Berea College

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-20990View PDF
2021-062022-05-13990View PDF
2020-062021-05-05990View PDF
2019-062020-09-16990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s

Organizations like Berea College

OrganizationLocationRevenue
Presbyterian CollegeClinton, SC$88,923,776
Le Moyne CollegeSyracuse, NY$148,595,597
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
St. Olaf CollegeNorthfield, MN$251,573,289
Macalester CollegeSaint Paul, MN$186,433,740
New York Medical College (NYMC)Valhalla, NY$123,647,564
Concordia College CorporationMoorhead, MN$93,695,769
Madonna UniversityLivonia, MI$60,810,151
Fresno Pacific University (FPU)Fresno, CA$92,044,682
Loyola University MarylandBaltimore, MD$334,131,670
Data update history
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $188,286 from TW Mary S Frazer XXXXX8003
February 3, 2024
Received grants
Identified 51 new grant, including a grant for $7,694,540 from Anne Ray Foundation
October 26, 2023
Received grants
Identified 11 new grant, including a grant for $1,354,554 from Save the Children Federation
August 19, 2023
Received grants
Identified 111 new grant, including a grant for $7,672,180 from Anne Ray Foundation
August 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ChristianReligiousPolitical advocacyLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
Lincoln Hall 220
Berea, KY 40404
County
Madison County, KY
Website URL
berea.edu/ 
Phone
(859) 985-3000
IRS details
EIN
61-0444650
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1855
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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