Berea College
77% goes to programs $14 to raise $100 Strong reserves Declining revenue
Berea College is a 501(c)(3) organization based in Berea, Kentucky, registered in 1953, with $139,250,388 in FY2023 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
Cpo 2214, Berea, KY, 40404 EIN 61-0444650 Since 1953
Revenue (FY2023)
$139.3M
▼ 11.6% vs prior year
Education median: $200K
Expenses (FY2023)
$121.4M
Net assets
$2.0B
Employees
841
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating77% to programs · $14 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Berea College: 77% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating198 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Berea College: 198 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Berea College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Berea College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Post-secondary educational institution providing instruction and other services to students.
What they do
Student services - student support services such as admissions, student life, health services, labor program, and financial aid.
Residence halls and dining service for students.
Academic support - includes expenditures for the academic vice president and dean of faculty's office, library, media services, student laptop computer program, and other related activities that support the instructional mission of the college.
Contact & location
- Address
- Cpo 2214, Berea, KY, 40404
- City
- Berea
- State
- Kentucky
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $183.0M (FY2013) to $139.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $104.8MNet assets $2.0B
Operating margin
12.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$104.8M
Net assets
$2.0B
Salaries & benefits
$60.7M
50% of expenses
Board members
34
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $139,250,388▼11.6% | $121,442,033▼9.4% | $2,000,898,104▲7.2% | $2,105,673,831▲6.5% | 990 |
| 2022 | $157,457,303▼35.2% | $134,094,613▼13.8% | $1,866,842,390▲6.6% | $1,976,552,784▲5.8% | 990 |
| 2021 | $243,070,272▲32.6% | $155,512,051▲10.7% | $1,751,559,115▼8.6% | $1,868,201,097▼8.5% | 990 |
| 2020 | $183,290,342▼10.7% | $140,537,796▼1.5% | $1,916,227,227▲22.3% | $2,041,975,072▲24.7% | 990 |
| 2019 | $205,202,087▼18.2% | $142,734,145▲7.7% | $1,566,845,425▲1.5% | $1,637,313,850▲1.3% | 990 |
| 2018 | $250,780,527▲49.7% | $132,494,271▲9.0% | $1,544,129,385▲3.9% | $1,616,301,681▲3.6% | 990 |
| 2017 | $167,524,220▲18.2% | $121,608,736▲12.2% | $1,486,572,661▲1.5% | $1,559,945,348▲1.0% | 990 |
| 2016 | $141,769,096▼17.1% | $108,383,209▲2.0% | $1,464,141,989▲9.7% | $1,543,965,338▲9.0% | 990 |
| 2015 | $170,944,518▼6.0% | $106,289,098▲5.0% | $1,335,144,814▼1.0% | $1,416,423,193▼1.1% | 990 |
| 2014 | $181,880,291▼0.6% | $101,260,450▲5.1% | $1,349,307,095▼1.5% | $1,432,784,656▼1.5% | 990 |
| 2013 | $183,011,099 | $96,336,769▼1.4% | $1,370,259,459▲12.6% | $1,454,920,382▲11.4% | 990 |
| 2012 | — | $97,735,265▲16.7% | $1,216,971,605▲7.8% | $1,306,539,674▲7.4% | 990 |
| 2011 | — | $83,753,502▲18.1% | $1,128,847,631▼2.6% | $1,216,583,875▼2.0% | 990 |
| 2010 | — | $70,907,764▼3.9% | $1,159,028,328▲14.7% | $1,240,877,069▲12.9% | 990 |
| 2009 | — | $73,785,167 | $1,010,355,470 | $1,099,423,419 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Roelofs Lyle D — $497,421 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Roelofs Lyle D | (president Through June 2023) President Emeritus (through June 2024) | 60 | $497,421 |
| Wilson II Judge B | Secretary/general Counsel | 40 | $274,325 |
| Berry Chad | Vp For Alumni, Communications, and Philanthropy | 50 | $251,979 |
| Nixon Cheryl L Started July 2023 | President | 60 | $236,227 |
| Amburgey Jeffrey S | Vice President For Finance | 50 | $201,571 |
| Singleton Derrick | Vp For Operations & Sustainability | 50 | $196,665 |
| Steele Scott | Provost | 50 | $193,185 |
| Kennison Monica | Chair of Nursing | 40 | $182,263 |
| Saderholm Matt | Dean of Faculty | 50 | $173,270 |
| Teresa Davis | Senior Associate Vice President For Alumni and Philanthropy | 40 | $151,818 |
| Thompson Teri | Chief Strategy Officer | 50 | $146,504 |
| Lawson Steve | Assoc Vp For Human Resources | 40 | $140,525 |
| Logsdon Phillip | Chief Information Officer | 40 | $138,646 |
| Mack Dwayne | Vp For Diversity Equity Inclusion | 50 | $134,550 |
| Norris John David | Professor/co-dir of Epg | 40 | $129,277 |
| Gary Mahoney | Professor of Engineering Technologies and Applied Design | 40 | $127,348 |
| Robinson Collis | Dean of Labor | 50 | $125,558 |
| Gus Gerassimides | Interim Vice President For Student Life | 50 | $112,924 |
| Allumsvicki E | Trustee | 3 | — |
| Armstrong Cassie Chambers | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Messer Construction Co | Construction | $8,212,910 |
| Davis H Elliott Construction Company Inc | Construction | $2,598,389 |
| Interior Design & Architecture Inc | Construction | $1,436,349 |
| Devere Construction Inc | Construction | $1,187,662 |
| Luckett & Farley Architects Engineers & Constuction Managers Inc | Architectural Services | $812,560 |
Grants received · $119.5M total
239 grants to Berea College totaling $119.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Anne Ray Foundation | Support for student bridge support programming | 2024 | $8,500,000 |
| Anne Ray Foundation | Support for building maintenance | 2024 | $3,150,000 |
| Silicon Valley Community Foundation | Education | 2024 | $2,500,200 |
| Anne Ray Foundation | Support for resident hall remodel and planning | 2024 | $2,500,000 |
| Anne Ray Foundation | Support for berea traditional cultures program | 2024 | $1,150,000 |
| Anne Ray Foundation | Support for alumni, communications and philanthropy infrastructure | 2024 | $1,080,000 |
| Save the Children Federation Inc | Education activity | 2024 | $1,077,045 |
| Anne Ray Foundation | Support for student recruitment and wellness needs | 2024 | $1,067,000 |
| Anne Ray Foundation | General operating support | 2024 | $500,000 |
| Anne Ray Foundation | Capacity building for institutional strategy and communications | 2024 | $485,000 |
| Anne Ray Foundation | Support for berea education studies programming | 2024 | $350,000 |
| Anne Ray Foundation | Support for project and grant management | 2024 | $318,000 |
| Anne Ray Foundation | Support for berea's teaching kentucky cultural heritage | 2024 | $200,000 |
| American Online Giving Foundation Inc | General support | 2024 | $119,224 |
| American Endowment Foundation | Educational | 2024 | $59,550 |
Grants made · $892K in FY2023
51 grants totaling $892K in FY2023 — showing the 15 largest. All grants made by Berea College →
| Recipient | Purpose | Amount |
|---|---|---|
| Step By Step Inc | Support of organization working to improve general welfare within the appalachian region | $70,225 |
| Hindman Settlement School Inc | Support of organization working to improve general welfare within the appalachian region | $60,191 |
| Pine Mountain Settlement School Inc | Support of organization working to improve general welfare within the appalachian region | $58,800 |
| Scott Christian Care Center | Support of organization working to improve general welfare within the appalachian region | $41,390 |
| Cowan Community Action Group Inc | Support of organization working to improve general welfare within the appalachian region | $40,003 |
| High Rocks Educational Corporation | Support of organization working to improve general welfare within the appalachian region | $34,000 |
| Appalachian-northeast Tenn Resource Conservation and Development Counc | Support of organization working to improve general welfare within the appalachian region | $32,448 |
| Red Bird Clinc Inc | Support of organization working to improve general welfare within the appalachian region | $26,000 |
| New Opportunity School For Women Inc | Support of organization working to improve general welfare within the appalachian region | $25,000 |
| Owsley County Board of Education | Support of organization working to improve general welfare within the appalachian region | $23,071 |
| Hospice of the Bluegrass Inc | Support of organization working to improve general welfare within the appalachian region | $22,500 |
| Laurel County African American Heritage Center Inc | Support of organization working to improve general welfare within the appalachian region | $21,000 |
| West Virginia Univ Foundation Inc | Support of organization working to improve general welfare within the appalachian region | $20,308 |
| Grow Ohio Valley Inc | Support of organization working to improve general welfare within the appalachian region | $20,000 |
| Thompson Scholars Foundation Inc | Support of organization working to improve general welfare within the appalachian region | $20,000 |
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Compare Berea College
Frequently asked questions
- Is Berea College a legitimate nonprofit?
- Yes. Berea College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0444650, based in Berea, Kentucky. Donations are tax-deductible.
- What is Berea College's EIN?
- Berea College's Employer Identification Number (EIN) is 61-0444650.
- How much revenue does Berea College report?
- Berea College reported $139,250,388 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Berea College's spending goes to programs?
- Berea College spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Berea College have?
- CharityIndex grades Berea College A, based on program efficiency and fundraising cost.
- How much does Berea College's highest-paid employee make?
- The highest reported compensation on Berea College's latest Form 990 is $497,421, paid to Roelofs Lyle D ((president Through June 2023) President Emeritus (through June 2024)).
More nonprofits in Berea
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Data for Berea College (EIN 61-0444650) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.