Civic Intelligence

Barton College

990 • Fiscal year 2015 • EIN 56-0529933

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

PO Box 5000Wilson, NC 27893-7000

(252) 399-6331

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.34x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.69x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Net Margin

31st percentile

-0.3%

Higher net margin than 31% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$272,787

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Asset Growth

69th percentile

3.4%

Faster asset growth than 69% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

5.0%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$69,388,180

Up $2,265,664 (+3.4%) from 2014

Net Assets

Down

$46,105,277

Down $115,640 (-0.3%) from 2014

Liabilities

Up

$23,282,903

Up $2,381,304 (+11%) from 2014

Revenue

Up

$33,772,690

Up $1,608,101 (+5.0%) from 2014

Expenses

Up

$33,886,031

Up $2,044,818 (+6.4%) from 2014

Net Income

Down

-$113,341

Down $436,717 (-135%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $59,768,241Liabilities 2010: $24,537,467Net Assets 2010: $35,230,7742010Assets 2011: $61,604,898Liabilities 2011: $22,622,630Net Assets 2011: $38,982,2682011Assets 2012: $61,437,211Liabilities 2012: $20,621,637Net Assets 2012: $40,815,5742012Assets 2013: $61,503,622Liabilities 2013: $17,973,427Net Assets 2013: $43,530,1952013Assets 2014: $67,122,516Liabilities 2014: $20,901,599Net Assets 2014: $46,220,9172014Assets 2015: $69,388,180Liabilities 2015: $23,282,903Net Assets 2015: $46,105,2772015Assets 2016: $74,681,636Liabilities 2016: $22,335,722Net Assets 2016: $52,345,9142016Assets 2017: $71,110,405Liabilities 2017: $18,300,733Net Assets 2017: $52,809,6722017Assets 2018: $89,097,515Liabilities 2018: $37,088,621Net Assets 2018: $52,008,8942018Assets 2019: $89,091,400Liabilities 2019: $40,451,181Net Assets 2019: $48,640,2192019Assets 2020: $91,610,927Liabilities 2020: $38,493,634Net Assets 2020: $53,117,2932020Assets 2021: $97,394,035Liabilities 2021: $39,453,652Net Assets 2021: $57,940,3832021Assets 2022: $93,087,460Liabilities 2022: $40,264,487Net Assets 2022: $52,822,9732022Assets 2023: $93,066,777Liabilities 2023: $39,348,546Net Assets 2023: $53,718,2312023

Highlighted filing

2015

Assets$69,388,180
Liabilities$23,282,903
Net Assets$46,105,277

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $29,900,8782010Expenses 2011: $29,484,4242011Expenses 2012: $31,748,8142012Revenue 2013: $31,231,981Expenses 2013: $30,700,897Net Income 2013: $531,0842013Revenue 2014: $32,164,589Expenses 2014: $31,841,213Net Income 2014: $323,3762014Revenue 2015: $33,772,690Expenses 2015: $33,886,031Net Income 2015: -$113,3412015Revenue 2016: $43,464,554Expenses 2016: $35,674,670Net Income 2016: $7,789,8842016Revenue 2017: $37,765,343Expenses 2017: $37,275,107Net Income 2017: $490,2362017Revenue 2018: $42,019,090Expenses 2018: $39,209,008Net Income 2018: $2,810,0822018Revenue 2019: $40,030,720Expenses 2019: $43,378,382Net Income 2019: -$3,347,6622019Revenue 2020: $49,833,272Expenses 2020: $45,530,330Net Income 2020: $4,302,9422020Revenue 2021: $47,073,555Expenses 2021: $47,573,129Net Income 2021: -$499,5742021Revenue 2022: $52,350,546Expenses 2022: $50,522,882Net Income 2022: $1,827,6642022Revenue 2023: $49,943,456Expenses 2023: $51,126,790Net Income 2023: -$1,183,3342023

Highlighted filing

2015

Revenue$33,772,690
Expenses$33,886,031
Net Income-$113,341
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$36,329,076
Mission and Program Overview

Mission

Founded in 1902, barton college is a four-year, private, liberal arts college located in wilson, n.c. The barton experience focuses on academic excellence within a wide range of professional and liberal arts programs leading to baccalaureate and master's degrees. Barton celebrates bold thinking among faculty and staff as the college nurtures bold leadership development among students. Barton offers purposeful internships and practicums in academic disciplines, engaging co-curricular cohorts, meaningful international travel and study, research and presentation through the day of scholarship, opportunities to give back through community service, an impressive array of cultural events, and diverse athletic competition among more than 20 collegiate teams.

Located in wilson, north carolina, barton college is an academic community of approximately 1,100 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,460,363$35,514,741▲ $2,054,378
Investments Other Securities$27,905,612$27,738,108▼ $167,504
Pledges and Grants Receivable$802,885$1,866,980▲ $1,064,095
Savings and Temporary Cash Investments$2,845,964$1,686,006▼ $1,159,958
Accounts Receivable$750,711$1,230,479▲ $479,768
Other Notes and Loans Receivable, Net$1,037,447$827,067▼ $210,380
Cash and Non-Interest-Bearing Accounts$14,084$289,442▲ $275,358
Prepaid Expenses and Deferred Charges$240,892$126,250▼ $114,642
Inventories for Sale or Use$64,558$109,107▲ $44,549
Total Assets$67,122,516$69,388,180▲ $2,265,664
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,525,113$12,819,565▲ $11,294,452
Tax Exempt Bond Liabilities$13,360,000$5,000,000▼ $8,360,000
Other Liabilities$2,748,820$2,659,948▼ $88,872
Accounts Payable and Accrued Expenses$2,110,244$1,653,702▼ $456,542
Deferred Revenue$1,157,422$1,149,688▼ $7,734
Total Liabilities$20,901,599$23,282,903▲ $2,381,304
Net Assets / Fund Balance
Permanently Rstr Net Assets$23,900,544$25,155,745▲ $1,255,201
Unrestricted Net Assets$15,335,637$14,248,914▼ $1,086,723
Temporarily Rstr Net Assets$6,984,736$6,700,618▼ $284,118
Total Net Assets Fund Balance$46,220,917$46,105,277▼ $115,640
Total Liabilities and Net Assets / Fund Balance$67,122,516$69,388,180▲ $2,265,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,387,266$19,980,446$40,367,712
Leasehold Improvements$3,806,426$3,730,470$7,536,896
Other Land Buildings$5,890,960-$5,890,960
Equipment$2,151,812$2,108,874$4,260,686
Land$3,278,277-$3,278,277
Other Securities$15,725,535--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$28,720,632$765,643▲ $813,098$1,680,748$27,833,432
2013$25,481,294$515,206▲ $3,290,753$566,621$28,720,632
2012$23,190,444$373,102▲ $3,048,286$1,130,538$25,481,294
2011$23,141,234$881,807▲ $248,040$1,080,637$23,190,444
2010$21,978,306$424,563▲ $2,043,310$1,304,945$23,141,234
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Norval KnetenPresidentFT$240,771$32,016$272,787
Dr Gary DaynesVice President/provostFT$161,996$20,008$182,004
Douglas Kris LynchVice President/treasurerFT$136,717$14,937$151,654

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark Higher EducationDining & Facilities Management Services1101 MARKET STREET, Philadelphia, PA 19107$4,223,109
Rehab Builders INCConstruction401 E FOURTH STREET STE 200, Winstonsalem, NC 27101$2,390,110
City Of Wilson Police DeptSecurity & InternetPO BOX 2407, Wilson, NC 27894$1,421,030
St Wooten CorporationConstructionPO BOX 603126, Charlotte, NC 28260$551,711
Stone Creek MasonryConstruction5166 MAMIE ROAD, Wilson, NC 27893$314,593
Revenue and Support

Revenue Composition

Contributions and Grants
$4,089,386
Program Service Revenue
$28,617,059
Investment Income
$827,390
Other Revenue
$238,855
All Other Contributions
$3,915,799
Change in Net Assets
$-113,341

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$20,405Fair Market Value (FMV)
Food Inventory1$5,000Fair Market Value (FMV)
Real Estate Other1$5,000Value Provided by Donor
Total Noncash Contributions3$30,405-

Audited Revenue Reconciliation

Revenue per Audited Statements
$33,772,690
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-10,032,479
Total Revenue per Audited Statements
$23,740,211
Total Revenue per Form 990
$33,772,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,028,536
Other Expenses$11,457,749
Grants and Similar Amounts Paid$10,399,746
Total Fundraising Expense$1,108,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$10,399,746--$10,399,746
Other Salaries and Wages$6,822,436$1,313,242$616,075$8,751,753
Depreciation Depletion$504,127$1,008,254-$1,512,381
Payroll Taxes$1,117,366$98,392$45,592$1,261,350
Occupancy$921,749$50,478-$972,227
All Other Expenses$536,401$383,040$40,787$960,228
Other Employee Benefits$669,151$236,438$54,187$959,776
Current Officers, Directors, Trustees, and Key Employees$471,713$92,261$42,471$606,445
Travel$497,400$52,681$14,834$564,915
Fees for Services Other$238,391$221,299-$459,690
Pension Plan Contributions$362,224$53,805$33,183$449,212
Interest$144,262$288,523-$432,785
Office Expenses$148,333$105,825$42,944$297,102
Insurance$97,903$156,296-$254,199
Advertising$72,050$137,683$21,081$230,814
Information Technology$16,326$182,685-$199,011
Other Expenses$125,581$19,994$30,735$145,575
Fees for Services Legal-$44,210-$44,210
Conferences and Meetings$4,854-$4,785$9,639
Royalties$2,597--$2,597
Total Functional Expenses$27,022,276$5,754,757$1,108,998$33,886,031

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$33,886,031
Expenses per Audited Statements$23,855,851
Total Expenses per Audited Statements$23,855,851
Expenses Not Reported on Financial Statements$10,030,180
Other Expense Adjustments$10,030,180
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$4,098,465

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$4,098,465
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Loan Advances$1,448,478
Asset Retirement Obligation$1,031,792
Deposits and Student Credit Balances$113,680
Other Liabilities$38,298
Capital Lease Payable$27,700

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANc Facilities Financing Agency2004-06-24$18,000,000Facilities construction and renovation & re-financed existing bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The bylaws were updated during the year to add a new committee on appearance and landscaping.

Form 990, Part VI, Section B, Line 11

The audit committee will review and approve the 990 prior to filing. In addition, the 990 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 all other key employees and receives evaluations from their direct reports. He also uses compensation information from national and state surveys to determine appropriateness of compensation level.

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.

Filing and Contact Details

Filer

Filer Name
Barton College
EIN
56-0529933
Phone
2523996331
Address
PO BOX 5000, WILSON, NC 27893-7000

Signing Officer

Name
David Browning
Title
President
Phone
2523996331
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas N Searcy
Formed
1902
Legal Domicile
Nc
Voting Board Members
36
Independent Board Members
36
Employees
673
Volunteers
36

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 1000, CHARLOTTE, NC 28204
Preparer
Janice a Ratica
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The college's endowment consists of approximately 400 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, LINE 2:

The internal revenue service has determined that the college qualifies under section 501(c)(3) of the internal revenue code and is, therefore, not generally subject to income taxes under present tax laws except on income unrelated to its exempt function, if any. 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, 2015 and 2014 and, accordingly, no liability has been accrued. The college is no longer subject to tax examinations for years prior to 2012.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships shown net of tuition and fees on financials -10,030,180.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships shown net of tuition and fees on financials 10,030,180.

Raw XML AppendixShowing 400 of 998 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0LOCATED IN WILSON, NORTH CAROLINA, BARTON COLLEGE IS AN ACADEMIC COMMUNITY OF APPROXIMATELY 1,100 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.
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IRS990/Desc0INSTRUCTION: ACCREDITATED ACADEMIC PROGRAMS WITH 27 MAJORS AND 29 MINORS FOR UNDERGRADUATES, 8 ACCELERATED PROFESSIONAL PROGRAMS, AND 4 GRADUATE DEGREE PROGRAMS. AWARDED 286 DEGREES IN 2014-15. SERVING APPROXIMATELY 1,000 UNDERGRADUATES.
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IRS990/Form990PartVIISectionAGrp/PersonNm22REV JOHN M RICHARDSON
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IRS990/Form990PartVIISectionAGrp/PersonNm25MR E JEROME VICK
IRS990/Form990PartVIISectionAGrp/PersonNm26MR D STUART WALSTON JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt33TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt34CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt35VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt36PRESIDENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$93.1$39.3$53.7$49.9$51.1$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.1$40.3$52.8$52.4$50.5$1.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.4$39.5$57.9$47.1$47.6$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.6$38.5$53.1$49.8$45.5$4.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.1$40.5$48.6$40.0$43.4$3.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.1$37.1$52.0$42.0$39.2$2.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.1$18.3$52.8$37.8$37.3$0.49
2016Summary only. Only limited summary data is available for this year.$74.7$22.3$52.3$43.5$35.7$7.79
2015Detailed filing. Detailed filing data is available for this year.$69.4$23.3$46.1$33.8$33.9$0.11
2014Detailed filing. Detailed filing data is available for this year.$67.1$20.9$46.2$32.2$31.8$0.32
2013Summary only. Only limited summary data is available for this year.$61.5$18.0$43.5$31.2$30.7$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$20.6$40.8$31.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.6$22.6$39.0$29.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.8$24.5$35.2$29.9