EIN 61-0444650

Berea College

IRS 501(c) type
501(c)(3)
Num. employees
1,084
City
Berea
Year formed
1855
Most recent tax filings
2023-06-01
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
$157,457,303
2023
Total expenses
$134,094,613
2023
Total assets
$1,976,552,784
2023
Num. employees
1,084
2023

Program areas at Berea College

Instruction - expenditures of academic departments and other instruction activities benefiting approximately 1,500 students.
Student services - student support services such as admissions, student life, health services, labor program, and financial aid.
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. 1) 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 through high school students in Appalachian Kentucky. 2) Private, state, and federal funding supports Grow Appalachia's mission to address food insecurity in central Appalachia. 3) Brushy Fork Leadership Institute supports emerging leaders in rural communities funded through Berea College, contract revenue, and private funding. 4) 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.
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 industries cost of operations (excluding cost of sales) which provide labor opportunities for students.
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 $67,450,100. These expenses are primarily included in the areas of instruction, student services, academic support, etc.

Grants made by Berea College

GranteeGrant descriptionAmount
Foundation For Appalachian KentuckySupport of Organization Working To Improve General Welfare Within the Appalachian Region$600,000
Mountain AssociationSupport of Organization Working To Improve General Welfare Within the Appalachian Region$150,882
Step By StepSupport of Organization Working To Improve General Welfare Within the Appalachian Region$65,867
...and 38 more grants made totalling $1,571,911

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 161 more grants received totalling $29,594,528

Personnel at Berea College

NameTitleCompensation
Logsdon PhillipChief Information Officer$125,239
Singleton DerrickVice President for Operations and Sustainability / Vice President Operations and Sustainability / Vice President Sustainability / Vice President Sustainabilitt$188,434
Jeffrey S AmburgeyVice President for Finance
Berry ChadVice President for Alumni , Communications , and Philanthropy / Vice President for Alumni and College Relations / Academic Vice President and Dean of Faculty$202,490
Thompson TeriVice President for Strategic Initiatives / Vice President Strategic Initiatives$134,435
...and 18 more key personnel

Financials for Berea College

RevenuesFYE 06/2023
Total grants, contributions, etc.$100,394,459
Program services$23,753,009
Investment income and dividends$27,597,419
Tax-exempt bond proceeds$0
Royalty revenue$51,376
Net rental income$132,344
Net gain from sale of non-inventory assets$3,906,814
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$294,750
Miscellaneous revenues$1,327,132
Total revenues$157,457,303

Form 990s for Berea College

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-04-20990View PDF
2021-062022-05-13990View PDF
2020-062021-05-05990View PDF
2019-062020-09-16990View PDF
...and 9 more Form 990s

Organizations like Berea College

OrganizationLocationRevenue
Abilene Christian University (ACU)Abilene, TX$314,810,886
Macalester CollegeSaint Paul, MN$186,433,740
Presbyterian CollegeClinton, SC$67,335,105
Le Moyne CollegeSyracuse, NY$148,595,597
New York Medical College (NYMC)Valhalla, NY$117,885,144
Northwestern Media (UNWSP)Saint Paul, MN$124,259,575
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
St. Olaf CollegeNorthfield, MN$251,573,289
Williams CollegeWilliamstown, MA$424,095,865
Hamline UniversitySaint Paul, MN$113,620,836
Data update history
August 3, 2024
Updated personnel
Identified 4 new personnel
July 31, 2024
Received grants
Identified 65 new grant, including a grant for $324,612 from Tirbracken Green Foundation
July 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 13, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $188,286 from TW Mary S Frazer XXXXX8003
Nonprofit Types
Grantmaking organizationsSchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ChristianReligiousPolitical advocacyLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0198664
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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