About
Berea college seeks to transform the lives of its students and their families by admitting academically promising students from low-income families. CORE to its mission of transforming lives and circumstances, the college covers the cost of tuition for every degree-seeking student. (continued on schedule o)
Donations are tax-deductible
Financial Snapshot
FY ending 2023-06-30Financial history
1617181920212223
RevenueExpenses
Latest FY2023: $157.5M · Peak FY2019: $250.8M · Avg: $198.0M
Foreign activity (Schedule F)
Total spent abroad$180.4M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
| Region | Activity | Spent |
|---|
| Central America and the Caribbean | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| Central America and the Caribbean | — | — |
| Central America and the Caribbean | — | — |
| East Asia and the Pacific | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| Middle East and North Africa | — | — |
| North America (Canada & Mexico only) | — | — |
| South America | — | — |
| Sub-Saharan Africa | — | — |
| North America (Canada & Mexico only) | — | — |
501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
Address
CPO 2214
Berea, KY, 40404-000
Governance
Voting board members34
Independent members33
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %52.9%
Permanent endowment %18.5%
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Gross fundraising receipts$2.0M
Net to org$1.5M
Retained by contractors$525K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
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