Barton College
- Assets
- $97.4m
- Revenue
- $47.1m
- Investments
- $33.5m
- Employees
- 710
- Location
- Wilson, NC
- Founding
- 03/1952
- Data as of
- 06/2021
- EIN
- 56-0529933
Organization Overview
Barton College is located in Wilson, NC. The organization was established in 1952. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Barton College employed 710 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barton College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Barton College generated $47.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $47.6m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: ACCREDITED ACADEMIC PROGRAMS WITH 36 MAJORS AND 41 MINORS FOR UNDERGRADUATES, 6 PROFESSIONAL PROGRAMS, AND 6 GRADUATE DEGREE PROGRAMS. SERVING APPROXIMATELY 1,100 UNDERGRADUATES.
AUXILIARY SERVICES: ROOM, BOARD, AND BOOKSTORE.
INSTITUTIONAL AID AND SCHOLARSHIPS FROM ENDOWMENT, RESTRICTED SCHOLARSHIPS, AND INSTITUTIONAL DISCOUNT.
STUDENT SERVICES; ENROLLMENT SERVICES, FINANCIAL AID, POST OFFICE, CO-CURRICULAR ACTIVITIES IN STUDENT LIFE, AND COLLEGIATE ATHLETICS (NCAA DIVISION II WITH 8 MEN'S VARSITY TEAMS AND 8 WOMEN'S VARSITY TEAMS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Douglas Searcy President | Officer | 50 | $316,077 |
Dr Gary Daynes Provost & VP For Academic | Officer | 50 | $184,321 |
Dennis Matthews VP For Enrollment And Mark | 50 | $172,500 | |
David Browning VP For Administration & Finance | Officer | 50 | $167,496 |
John Bethune Professor | 50 | $103,822 | |
Sharon Shepard Director Of Facilities Services | 50 | $102,736 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Owens Construction Company Inc Construction | 6/29/21 | $855,677 |
Ct Wilson Construction Co Inc Construction | 6/29/21 | $1,659,064 |
Avi Foodsystems Campus Food Services | 6/29/21 | $1,232,876 |
Outdoor Aluminium Inc Construction | 6/29/21 | $867,994 |
City Of Wilson Security Services | 6/29/21 | $337,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,878,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,826,258 |
| Noncash contributions included in lines 1a–1f | $304,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,705,068 |
| Total Program Service Revenue | $38,997,428 |
| Investment income | $752,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,073,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,802,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,330,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,547,869 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,664 |
| Fees for services: Other | $3,691,701 |
| Advertising and promotion | $120,942 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,219,223 |
| Travel | $387,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,407 |
| Interest | $1,475,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,430,333 |
| Insurance | $293,301 |
| All other expenses | $944,194 |
| Total functional expenses | $47,573,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,272,288 |
| Savings and temporary cash investments | $736,176 |
| Pledges and grants receivable | $4,244,128 |
| Accounts receivable, net | $855,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $91,123 |
| Inventories for sale or use | $29,829 |
| Prepaid expenses and deferred charges | $148,515 |
| Net Land, buildings, and equipment | $53,681,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,474,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,860,390 |
| Total assets | $97,394,035 |
| Accounts payable and accrued expenses | $3,470,276 |
| Grants payable | $0 |
| Deferred revenue | $2,819,031 |
| Tax-exempt bond liabilities | $24,851,297 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,153,344 |
| Unsecured mortgages and notes payable | $30,000 |
| Other liabilities | $1,129,704 |
| Total liabilities | $39,453,652 |
| Net assets without donor restrictions | $17,032,245 |
| Net assets with donor restrictions | $40,908,138 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $97,394,035 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Barton College has recieved totaling $205,350.
| Awarding Organization | Amount |
|---|---|
John Lynn & Luisa Lee Family Foundation Nashville, NC PURPOSE: CHALLENGE GIFT TO PAY OFF REVOLVING CREDIT LINE | $200,000 |
John Lynn & Luisa Lee Family Foundation Nashville, NC PURPOSE: DESIGNATED FOR VEHICLE EXPENSE | $2,850 |
John Lynn & Luisa Lee Family Foundation Nashville, NC PURPOSE: UNRESTRICTED | $2,500 |
Endowment Analysis
| Beg. Balance | $29,888,668 |
| Earnings | $5,996,150 |
| Net Contributions | $260,254 |
| Other Expense | $2,055,216 |
| Ending Balance | $34,089,856 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |