Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1940.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
34 people listed on the 990; $1.2M paid to officers and key staff.
Dr Maurice Scherrens’s $239K as President (part Year) is at the 49th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Maurice Scherrens | $239,083 | $304,640 | $323,069 | — | $344,857 | — |
| Maurice Scherrens | — | — | — | $333,572 | — | — |
| Mr Maurice Scherrens | — | — | — | — | — | $250,500 |
| Dr Sidney H Parrish | $146,191 | $181,575 | $177,235 | — | $152,533 | — |
| Mr David Sayers | — | $122,653 | $180,000 | — | $151,375 | — |
| David Sayers | — | — | — | $180,000 | — | — |
| Sidney H Parrish | — | — | — | $176,353 | — | — |
| Ms Lori Ann Summers | — | — | $174,628 | — | $168,505 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates about 1,000 undergraduate students.
Questions for Newberry College
Your first name shows with your question. Newberry College answers here, for everyone.
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Instructionnewberry college has a rich tradition of providing personal attention, challenging academic programs, and a close-knit community that welcomes everyone. We combine our strong liberal arts foundation with specialized professional degree programs to prepare students for successful futures.
Student servicesat 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.
Auxiliary enterprisesstudent 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.0M | $5.1M |
| InvestmentsLn 11–13 | $21.8M | $22.8M |
| Land, buildings, equipmentLn 10c | $48.5M | $49.3M |
| Total assetsLn 16 | $79.7M | $84.1M |
| LiabilitiesLn 26 | $47.4M | $64.0M |
| Net assetsLn 32 | $32.2M | $20.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.1M | $8.1M | ||
| Grants to domestic individualsLn 2 | $25.7M | $25.7M | ||
| Pay of current officers, directors and key staffLn 5 | $584K | $499K | $55K | $30K |
| Pay of disqualified personsLn 6 | $116K | $116K | ||
| Other salaries and wagesLn 7 | $14.8M | $12.7M | $1.3M | $771K |
| Pension plan contributionsLn 8 | $383K | $335K | $24K | $24K |
| Other employee benefitsLn 9 | $1.6M | $1.4M | $114K | $101K |
| Payroll taxesLn 10 | $1.1M | $977K | $70K | $59K |
| Legal feesLn 11b | $259K | $259K | ||
| Accounting feesLn 11c | $158K | $158K | ||
| Investment management feesLn 11f | $101K | $101K | ||
| Other fees for servicesLn 11g | $4.6M | $4.3M | $232K | $108K |
| Advertising and promotionLn 12 | $39K | $15K | $530 | $24K |
| Office expensesLn 13 | $4.2M | $3.1M | $985K | $106K |
| Information technologyLn 14 | $1.5M | $1.2M | $218K | |
| OccupancyLn 16 | $4.8M | $4.1M | $670K | $26K |
| TravelLn 17 | $4.8M | $4.8M | $19K | $17K |
| Conferences, conventions and meetingsLn 19 | $64K | $33K | $2K | $29K |
| InterestLn 20 | $3.1M | $2.7M | $338K | $18K |
| Depreciation, depletion and amortizationLn 22 | $2.8M | $2.4M | $392K | $15K |
| InsuranceLn 23 | $1.0M | $299K | $731K | |
| Other expenses (24a–d)Ln 24 | $86K | $86K | ||
| Total functional expensesLn 25 | $79.8M | $72.7M | $5.8M | $1.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $66.3M | $79.8M | −$13.5M | $20.1M | 990 PDF |
| FY2024 | $61.3M | $67.2M | −$5.9M | $32.2M | 990 PDF |
| FY2023 | $62.7M | $59.4M | $3.3M | $36.1M | 990 PDF |
| FY2022 | $51.7M | $57.5M | −$5.8M | $33.9M | 990 PDF |
| FY2021 | $54.0M | $51.2M | $2.9M | $32.5M | 990 PDF |
| FY2020 | $52.9M | $49.3M | $3.6M | $28.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $66,284,560 revenue, 12 lines filed
Part VI · Governance 23 of 23 board members independent, no flags
Part VIII · Statement of revenue $66,284,560 across 10 lines filed
Part IX · Statement of functional expenses $79,776,537 across 22 lines filed
Part X · Balance sheet $84,070,913 assets, 19 lines filed
Part XI · Reconciliation of net assets $20,081,694 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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