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← BEREA COLLEGE SCIENCE AND HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by BEREA COLLEGE SCIENCE AND HEALTH FOUNDATION INC.

Totals

Total revenue
$915,980
Total expenses
$2,264,842
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$915,980
Investment income
$0
Other revenue
$0
Total assets, end of year
$56,197,560
Total liabilities, end of year
$34,222,776
Net assets or fund balances, end of year
$21,974,784
Program services expenses (Part IX)
$2,264,842
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,264,842

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Lease Income from Berea College

    total $915,980 · related or exempt $915,980

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $25,000 · program services $25,000

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $406,763 · program services $406,763

  • 22 · Depreciation, depletion and amortization

    total $1,813,079 · program services $1,813,079

  • 24e · All other expenses

    total $20,000 · program services $20,000 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $322,873 · end of year $787,089

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $65,127,111

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,716,640

  • 10c · Land, buildings and equipment, net

    beginning of year $57,029,911 · end of year $55,410,471

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $38,195,805 · end of year $34,222,776

  • 27 · Net assets without donor restrictions

    beginning of year $19,156,979 · end of year $21,974,784

Mission and programs · 2023

Mission

BEREA COLLEGE SCIENCE AND HEALTH FOUNDATION, INC. (BCSHF) FORMED TO ACQUIRE, CONSTRUCT, AND OPERATE A SCIENCE AND HEALTH CURRICULUM BUILDING IN SUPPORT OF BEREA COLLEGE. BCSHF IS A SUPPORTING ORGANIZATION ORGANIZED AND OPERATED IN SUPPORT OF THE TAX EXEMPT PURPOSE OF BEREA COLLEGE.

  • BEREA COLLEGE SCIENCE AND HEALTH FOUNDATION, INC. (BCSHF) FORMED TO ACQUIRE, CONSTRUCT, AND OPERATE A SCIENCE AND HEALTH CURRICULUM BUILDING IN SUPPORT OF BEREA COLLEGE.

    Expenses $2,264,842 · Revenue $915,980

As filed on the 2023 return.

Listed in Part VII

  • Moses Harold L

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Nixon Cheryl L Started July 2023

    VICE CHAIR (COMPENSATION LISTED FROM BEREA COLLEGE)

    Total calculated
    $298,221
    From this org
    $0
    From related orgs
    $236,227
    Other
    $61,994
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,582 related
    Bonus
    $0
    Other
    $0 + $645 related
    Deferred
    $0 + $5,333 related
    Nontaxable benefits
    $0 + $56,661 related
    Filer's total
    $0 + $298,221 related

  • Roelofs Lyle D

    VICE CHAIR (COMPENSATION LISTED FROM BEREA COLLEGE)

    Total calculated
    $588,245
    From this org
    $0
    From related orgs
    $497,421
    Other
    $90,824
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $471,331 related
    Bonus
    $0
    Other
    $0 + $26,090 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $64,424 related
    Filer's total
    $0 + $588,245 related

  • Beverly Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fraley Bruce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Zeigler Stephanie Bowling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Amburgey Jeffrey S

    TREASURER (COMPENSATION LISTED FROM BEREA COLLEGE)

    Total calculated
    $240,632
    From this org
    $0
    From related orgs
    $201,571
    Other
    $39,061
    Hours/week
    5 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,752 related
    Bonus
    $0
    Other
    $0 + $3,819 related
    Deferred
    $0 + $16,531 related
    Nontaxable benefits
    $0 + $22,530 related
    Filer's total
    $0 + $240,632 related

  • Berry Chad

    PRESIDENT (COMPENSATION LISTED FROM BEREA COLLEGE)

    Total calculated
    $287,562
    From this org
    $0
    From related orgs
    $251,979
    Other
    $35,583
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,759 related
    Bonus
    $0
    Other
    $0 + $2,220 related
    Deferred
    $0 + $20,281 related
    Nontaxable benefits
    $0 + $15,302 related
    Filer's total
    $0 + $287,562 related

  • Wilson II Judge B

    SECRETARY (COMPENSATION LISTED FROM BEREA COLLEGE)

    Total calculated
    $314,410
    From this org
    $0
    From related orgs
    $274,325
    Other
    $40,085
    Hours/week
    10 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,275 related
    Bonus
    $0
    Other
    $0 + $4,050 related
    Deferred
    $0 + $21,977 related
    Nontaxable benefits
    $0 + $18,108 related
    Filer's total
    $0 + $314,410 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The Organization does not have any officers other than persons who are employed and compensated by Berea College. The compensation of the Organization's top management officials are determined by Berea College, a related organization. Berea College uses the following: Compensation Committee, compensation survey or study, and approval by the Board or Compensation Committee.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349302438

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