Newberry College
90% goes to programs $35 to raise $100
Newberry College is a 501(c)(3) organization based in Newberry, South Carolina, registered in 1940, with $61,261,909 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
2100 College St, Newberry, SC, 29108 EIN 57-0314404 Since 1940
Revenue (FY2023)
$61.3M
▼ 2.3% vs prior year
Education median: $200K
Expenses (FY2023)
$67.2M
Net assets
$32.2M
Employees
634
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 rating90% to programs · $35 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 Newberry College: 90% to programs · $35 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating6 mo reserves · -10% 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 Newberry College: 6 mo reserves · -10% 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 Newberry 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 Newberry College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provide undergraduate education for approximately 1,000 students.
What they do
Student services at newberry college, learning takes place both inside and outside the classroom. no matter where a student finds themselves -- on-campus, in-town, or off-the-beaten-path -- they exchange ideas and build relationships with faculty, other students, and community members alike. students discover the "classroom" extends far beyond ivy-covered walls to the greater newberry community, region, and world. students live, learn, play, and get a whole life education at newberry. the office of residence life encourages community and individual growth through effective residential programming and community involvement. we strive to create an environment that students call home and a community that feels like a family. we believe this residential culture is imperative to our mission and an important part of a the learning process. we support students by providing everything students need to be successful including academic assistance, career guidance, health care, development, community service involvement, and academic excellence. greek organizations are governed by their respective councils; ifc, npc, and nphc. accessibility and affordability are paramount
Auxiliary enterprises student dining experience is more than great food. it is community experience centered on culinary expertise, fresh ingredients, healthy options and a shared sense of environmental and social responsibility. our team is committed to creating the best possible dining experience. join us to experience the comfort, convenience, outstanding food and inviting atmosphere designed especially for students.
Academic support at newberry college, supporting students on their academic and co-curricular journey is our top priority. students have access to a variety of support systems including peer and professional tutoring, academic coaching, and academic interventions. the college has a robust early alert and academic recovery program to help identify and support students as early as possible. the college has an office for career exploration and preparation that supports students in obtaining on-campus work, internships, and employment. newberry college has specific programs to support learners with learning differences who need specific support and/or educational accommodations. students have the opportunity for one-on-one support. furthermore, the college developed and implemented a unique program to support students with dyslexia.
Contact & location
- Address
- 2100 College St, Newberry, SC, 29108
- City
- Newberry
- State
- South Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.1M (FY2013) to $61.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $47.4MNet assets $32.2M
Operating margin
-9.7%
Spent more than it raised in the latest fiscal year.
Total assets
$79.7M
Total liabilities
$47.4M
Net assets
$32.2M
Salaries & benefits
$17.6M
26% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,261,909▼2.3% | $67,179,056▲13.2% | $32,249,762▼10.7% | $79,661,514▲0.6% | 990 |
| 2022 | $62,705,043▲21.3% | $59,361,003▲3.2% | $36,110,099▲6.6% | $79,179,675▲11.5% | 990 |
| 2021 | $51,709,482▼4.3% | $57,528,731▲12.4% | $33,872,566▲4.2% | $71,038,341▲1.8% | 990 |
| 2020 | $54,024,496▲2.2% | $51,166,246▲3.8% | $32,495,464▲14.9% | $69,782,907▲9.3% | 990 |
| 2019 | $52,885,956▲9.7% | $49,307,343▲4.0% | $28,278,610▲23.7% | $63,850,251▲12.7% | 990 |
| 2018 | $48,203,628▲6.8% | $47,413,784▲6.7% | $22,858,705▲4.7% | $56,637,293▲2.3% | 990 |
| 2017 | $45,137,360▲9.9% | $44,448,332▲8.8% | $21,834,510▲2.7% | $55,367,450▲9.2% | 990 |
| 2016 | $41,074,990▲7.6% | $40,861,605▼0.1% | $21,251,155▲3.6% | $50,681,614▼0.6% | 990 |
| 2015 | $38,160,695▼0.8% | $40,914,778▼1.6% | $20,509,202▼12.3% | $51,009,600▼3.8% | 990 |
| 2014 | $38,477,331▼1.5% | $41,575,653▲10.1% | $23,398,357▼17.4% | $53,044,355▼8.6% | 990 |
| 2013 | $39,054,717 | $37,752,894▲3.7% | $28,328,589▲15.4% | $58,004,236▲8.0% | 990 |
| 2012 | — | $36,420,732▼6.5% | $24,553,921▼5.3% | $53,726,864▼2.5% | 990 |
| 2011 | — | $38,945,625▲6.9% | $25,929,081▼14.8% | $55,132,683▼6.0% | 990 |
| 2010 | — | $36,422,281▲9.7% | $30,426,206▲19.7% | $58,625,034▲9.3% | 990 |
| 2009 | — | $33,212,926 | $25,425,202 | $53,649,987 | 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: Dr Maurice Scherrens — $304,640 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Maurice Scherrens | President | 37.5 | $304,640 |
| Dr Sidney H Parrish | Vpaa & Dean of College (part Year) | 37.5 | $181,575 |
| Mr Barry Mcclanahan | Vp Student Affairs | 37.5 | $127,044 |
| Mr Todd Knight | Head Coach, Football | 37.5 | $125,440 |
| Mr David Sayers | Vp Admin Affairs & Cfo (part Year) | 37.5 | $122,653 |
| Mr Sean Johnson | Athletics Director | 37.5 | $122,426 |
| Dr David Harpool | Advisor To the President | 37.5 | $114,824 |
| Mr Jon Kokos | Vp Admin Affairs & Cfo (part Year) | 37.5 | $45,669 |
| Dr Lenna Young | Secretary (part Year)/board Chair | 10 | — |
| Dr Trey Castles | Trustee/exe Comm At Large | 5 | — |
| Keith Avery | Trustee | 5 | — |
| Mr Dd Boyd | Trustee | 5 | — |
| Mr Eric Wells | Board Vice Chair (part Year) | 5 | — |
| Mr Hugo A Pearce III | Trustee | 10 | — |
| Mr James P Coggins | Trustee | 5 | — |
| Mr Jerome Singleton | Trustee | 5 | — |
| Mr Joe Botana | Vp Admin Affairs & Cfo | 20 | — |
| Mr Joel Carter | Trustee (part Year) | 5 | — |
| Mr Joe Trainor | Trustee | 5 | — |
| Mr John Winarchick | Trustee | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| J Davis Construction | Construction Services | $7,192,185 |
| Aramark Services Inc | Facilities and Maintenance | $4,965,700 |
| Sodexo Inc & Affiliates | Dining Services | $2,926,838 |
| Oakland Mill Master Tenant LLC | Residential Services | $1,207,575 |
| Metz Culinary Management LLC | Dining Services | $866,553 |
Grants received · $611K total
42 grants to Newberry College totaling $611K, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $40K in FY2014
1 grant totaling $40K in FY2014. All grants made by Newberry College →
| Recipient | Purpose | Amount |
|---|---|---|
| Newberry College Foundation Inc Newberry College | Land acquisition | $40,000 |
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Compare Newberry College
Frequently asked questions
- Is Newberry College a legitimate nonprofit?
- Yes. Newberry College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-0314404, based in Newberry, South Carolina. Donations are tax-deductible.
- What is Newberry College's EIN?
- Newberry College's Employer Identification Number (EIN) is 57-0314404.
- How much revenue does Newberry College report?
- Newberry College reported $61,261,909 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Newberry College's spending goes to programs?
- Newberry College spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Newberry College have?
- CharityIndex grades Newberry College A, based on program efficiency and fundraising cost.
- How much does Newberry College's highest-paid employee make?
- The highest reported compensation on Newberry College's latest Form 990 is $304,640, paid to Dr Maurice Scherrens (President).
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Data for Newberry College (EIN 57-0314404) 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.