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Nonprofiteer
← BEREA INTERCHANGE DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by BEREA INTERCHANGE DEVELOPMENT CORP.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,962,649
Total liabilities, end of year
$984,897
Net assets or fund balances, end of year
$1,977,752
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 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.

  • 11g · Fees: other

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,056,696 · end of year $2,056,696

  • 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

    $905,953

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $905,953 · end of year $905,953

  • 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 $984,897 · end of year $984,897

  • 27 · Net assets without donor restrictions

    beginning of year $1,977,752 · end of year $1,977,752

Mission and programs · 2022

Mission

A LAND HOLDING COMPANY CONTROLLED BY BEREA COLLEGE (EIN 61-0444650), A 501(C)(3) TAX EXEMPT ORGANIZATION.

Activities or mission (Part I)

A LAND HOLDING COMPANY CONTROLLED BY BEREA COLLEGE.

  • HOLDS LAND AS AN INVESTMENT FOR BEREA COLLEGE, A 501(C)(3) TAX EXEMPT ORGANIZATION.

As filed on the 2022 return.

Listed in Part VII

  • Roelofs Lyle D

    PRESIDENT/AS PRESIDENT OF BEREA COLLEGE/DIRECTOR

    Total calculated
    $545,173
    From this org
    $0
    From related orgs
    $487,772
    Other
    $57,401
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,822 related
    Bonus
    $0
    Other
    $0 + $32,950 related
    Deferred
    $0 + $23,158 related
    Nontaxable benefits
    $0 + $34,243 related
    Filer's total
    $0 + $545,173 related

  • Jennings Glenn R

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richardson William B

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Amburgey Jeffrey S

    TREASURER (AS VP FOR FINANCE OF BEREA COLLEGE)

    Total calculated
    $226,715
    From this org
    $0
    From related orgs
    $190,341
    Other
    $36,374
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,161 related
    Bonus
    $0
    Other
    $0 + $2,180 related
    Deferred
    $0 + $15,772 related
    Nontaxable benefits
    $0 + $20,602 related
    Filer's total
    $0 + $226,715 related

  • Singleton Derrick

    VICE PRESIDENT (AS VP FOR OPERATIONS & SUSTAINABILITY OF BEREA COLLEGE)

    Total calculated
    $228,206
    From this org
    $0
    From related orgs
    $188,434
    Other
    $39,772
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,793 related
    Bonus
    $0
    Other
    $0 + $2,641 related
    Deferred
    $0 + $15,471 related
    Nontaxable benefits
    $0 + $24,301 related
    Filer's total
    $0 + $228,206 related

  • Wilson II Judge B

    SECRETARY (AS GENERAL COUNSEL OF BEREA COLLEGE)

    Total calculated
    $298,744
    From this org
    $0
    From related orgs
    $261,237
    Other
    $37,507
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,187 related
    Bonus
    $0
    Other
    $0 + $4,050 related
    Deferred
    $0 + $20,968 related
    Nontaxable benefits
    $0 + $16,539 related
    Filer's total
    $0 + $298,744 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The compensation of the organization's top management official is determined by Berea College, a related organization. Berea College uses the following: compensation committee, written employment contract, 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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349303292

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