NEWBERRY COLLEGE Charity Report

Public IRS 990 nonprofit record

NEWBERRY COLLEGE

EIN 57-0314404 · Education (B420)

What they do

NEWBERRY COLLEGE CHALLENGES and NURTURES STUDENTS for LIFETIMES of SERVICE and LEADERSHIP THROUGH INTELLECTUAL TRANSFORMATION, SOCIAL DEVELOPMENT, A CULTURE of PHYSICAL WELL BEING, and SPIRITUAL GROWTH BY PROVIDING A CHRISTIAN EDUCATION IN THE LUTHERAN TRADITION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

109.66%of revenue went to mission work91.1% of expenses · Program services

2.00%of revenue went to fundraising1.7% of expenses

$120.35spent for every $100 of revenueSpending was higher than revenue this year.

8.69%of revenue went to management and office costs7.2% of expenses

$1.05in assets for every $1 spent this yearSome assets cannot be spent right away.

7.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $13,491,977 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $263,661 for DR MAURICE SCHERRENS (PRESIDENT (PART YEAR)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$66,284,560

Mission workProgram services$72,689,208109.66% of revenue91.1% of expenses

ManagementOffice and general costs$5,760,9188.69% of revenue7.2% of expenses

FundraisingAsking for donations$1,326,4112.00% of revenue1.7% of expenses

Total expenses$79,776,537120.35% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.1% mission · 7.2% management · 1.7% fundraisingTotal expenses: 120.35% of revenue

2023Expense mix: 90.0% mission · 8.1% management · 1.9% fundraisingTotal expenses: 109.66% of revenue

2022Expense mix: 87.2% mission · 10.7% management · 2.2% fundraisingTotal expenses: 94.67% of revenue

2021Expense mix: 87.2% mission · 9.8% management · 3.1% fundraisingTotal expenses: 111.25% of revenue

2020Expense mix: 85.3% mission · 13.1% management · 1.6% fundraisingTotal expenses: 94.71% of revenue

2019Expense mix: 85.5% mission · 12.8% management · 1.6% fundraisingTotal expenses: 93.23% of revenue

2018Expense mix: 83.1% mission · 14.9% management · 2.0% fundraisingTotal expenses: 98.36% of revenue

2017Expense mix: 84.9% mission · 12.8% management · 2.3% fundraisingTotal expenses: 98.47% of revenue

Money in and money out

Revenue$66,284,560

Expenses$79,776,537

Annual shortfall $13,491,977 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$72,689,208 · 91.1% of expenses

Management and office costs$5,760,918 · 7.2% of expenses

Fundraising$1,326,411 · 1.7% of expenses

See all reported dollar amounts

Revenue$66,284,560

Expenses$79,776,537

Assets$84,070,913

Income$67,312,021

Contributions$4,627,005

Mission work (program services)$72,689,208

Fundraising$1,326,411

Grants given$8,063,000

Average grant$8,063,000

Management and general$5,760,918

Stocks and bonds$16,194,565

Accounting fees$158,249

Investing fees$100,685

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR MAURICE SCHERRENSPRESIDENT (PART YEAR) · 38 hrs/week $263,661Base $239,083 · Other $24,578

MR WILLIAM NASHVP OF ADVANCEMENT · 38 hrs/week $181,145Base $152,761 · Other $28,384

DR SIDNEY H PARRISHVP OF ADMIN/ VP OF OIRE (PART YEAR) · 38 hrs/week $165,908Base $146,191 · Other $19,717

DR DAVID HARPOOLTRANSITIONAL PRES/ADVISOR TO THE PRES (PART YEAR) · 38 hrs/week $163,689Base $144,471 · Other $19,218

MR SEAN JOHNSONATHLETICS DIRECTOR · 38 hrs/week $160,499Base $127,638 · Other $32,861

DR STEVEN MCCLUNGDEAN · 38 hrs/week $150,063Base $142,917 · Other $7,146

MR TODD KNIGHTHEAD COACH, FOOTBALL · 38 hrs/week $137,280Base $120,481 · Other $16,799

MR BARRY MCCLANAHANVP STUDENT AFFAIRS (PART YEAR) · 38 hrs/week $129,971Base $123,181 · Other $6,790

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

DR MAURICE SCHERRENSPRESIDENT (PART YEAR)

MR WILLIAM NASHVP OF ADVANCEMENT

DR SIDNEY H PARRISHVP OF ADMIN/ VP OF OIRE (PART YEAR)

DR DAVID HARPOOLTRANSITIONAL PRES/ADVISOR TO THE PRES (PART YEAR)

MR SEAN JOHNSONATHLETICS DIRECTOR

DR STEVEN MCCLUNGDEAN

MR TODD KNIGHTHEAD COACH, FOOTBALL

MR BARRY MCCLANAHANVP STUDENT AFFAIRS (PART YEAR)

MR WILLIAM STEENTRUSTEE

MR MARK HAMMONDTRUSTEE

MR NED TUPPERTRUSTEE

MR ROBERT BESTTRUSTEE (PART YEAR)

MR SYLVESTER COLEMANTRUSTEE

MR TODD SANDERSTRUSTEE/ATHLETIC CLUB REP

MR KEVIN STEELMANVICE CHAIR

MS ERIN WHITAKERTRUSTEE

MS JESSICA SHEALYTRUSTEE/ALIMNI REP

MS LISA WAGNERTRUSTEE

MS MARY GRATE-PYOSSECRETARY

MS PATRICIA PEARSONTRUSTEE

MR LAMONT WELLSTRUSTEE/ELCA REP

MR KEVIN STRICKLANDTRUSTEE

MR KEVIN RAINESTRUSTEEE

MR JON HARTTREASURER

MR JOE TRAINORTRUSTEE

MR JOE BOTANAVP ADMIN AFFAIRS & CFO (PART YEAR)

MR JEROME SINGLETONTRUSTEE

MR JAMES P COGGINSTRUSTEE (PART YEAR)

MR HUGO A PEARCE IIITRUSTEE

MR FRANK SNYDERTRUSTEE

MR DD BOYDTRUSTEE

KEITH AVERYTRUSTEE

DR TREY CASTLESTRUSTEE/EXE COMM AT LARGE

DR LENNA YOUNGBOARD CHAIR

About this charity

Recognized since: January 1940
Location: 2100 COLLEGE STREET, NEWBERRY, SC 29108
County: Newberry
In care of: MARGARET MORRIS
Primary officer: MARGARET MORRIS, AVP OF FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(803) 276-5010

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CRI CAPIN CROUSE ADVISORS LLC
NTEE classification: Education (B420)
Grant-giving organization: Yes