Nonprofit · EIN 85-3642997
BEREA COLLEGE LEVERAGE LENDER INC
Tax-exempt · BEREA, KY 40403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $57,546 | $0 | $57,546 | $6,022,308 | $5,754,561 | $267,747 |
| June 30, 2024 | 990 | $57,545 | $0 | $57,545 | $5,964,762 | $5,754,561 | $210,201 |
| June 30, 2023 | 990 | $57,546 | $0 | $57,546 | $5,907,217 | $5,754,561 | $152,656 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $57,546
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $5,964,762
- Total assets, end of year
- $6,022,308
- Total liabilities, end of year
- $5,754,561
- Net assets, end of year
- $267,747
- Net assets without donor restrictions
- $267,747
- Gross receipts
- $57,546
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NIXON CHERYL L | PRESIDENT/AS PRESIDENT OF BEREA COLLEGE/DIRECTOR Trustee or director, Officer | 1 | $0 | $430,956 | $85,810 |
| WILSON II JUDGE B | SECRETARY (AS GENERAL COUNSEL OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $286,989 | $42,602 |
| ROELOFS LYLE D | FORMER OFFICER/DIRECTOR (AS PRESIDENT OF BEREA COLLEGE) Former | 0 | $0 | $280,626 | $32,569 |
| AMBURGEY JEFFREY S | TREASURER (AS VP FOR FINANCE OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $220,187 | $42,398 |
| FRALEY BRUCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROELOFS LYLE D | PRESIDENT EMERITUS (PRESIDENT EMERITUS OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $497,421 | $90,824 |
| WILSON II JUDGE B | SECRETARY (GENERAL COUNSEL OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $274,325 | $40,085 |
| NIXON CHERYL L STARTED JULY 2023 | PRESIDENT (PRESIDENT OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $236,227 | $61,994 |
| AMBURGEY JEFFREY S | TREASURER (VP FOR FINANCE OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $201,571 | $39,061 |
| FRALEY BRUCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROELOFS LYLE D | PRESIDENT/AS PRESIDENT OF BEREA COLLEGE/DIRECTOR Trustee or director, Officer | 1 | $0 | $487,772 | $57,401 |
| WILSON II JUDGE B | SECRETARY (AS GENERAL COUNSEL OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $261,237 | $37,507 |
| AMBURGEY JEFFREY S | TREASURER (AS VP FOR FINANCE OF BEREA COLLEGE) Trustee or director, Officer | 1 | $0 | $190,341 | $36,374 |
| Bruce Fraley | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 CHESTNUT ST, BEREA, KY 40403-1516
- Principal officer (990 for 2024)
- LYLE ROELOFS, 101 Chestnut Street, Berea, KY 40404
- Signed the 990
- Barry Poynter, Vice President for Finance
- Phone
- (859) 985-3758
- Return prepared by
- CROWE LLP
Mission
BEREA COLLEGE LEVERAGE LENDER, INC. WAS ORGANIZED BY BEREA COLLEGE TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE COLLEGE'S FACILITIES MANAGEMENT AND STUDENT LABOR COMPLEX.
Program accomplishments
- BEREA COLLEGE LEVERAGE LENDER, INC. WAS ORGANIZED BY BEREA COLLEGE TO FACILITATE A NEW MARKETS TAX CREDIT FINANCING TRANSACTION TO PARTIALLY FUND THE CONSTRUCTION OF THE COLLEGE'S FACILITIES MANAGEMENT AND STUDENT LABOR COMPLEX.revenue $57,546
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3642997
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $6,022,308
- Income (IRS master file)
- $57,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $57,546 | $0 | $6,022,308 | IRS |
| 990 | June 2024 | $57,545 | $0 | $5,964,762 | IRS |
| 990 | June 2023 | $57,546 | $0 | $5,907,217 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3642997).
Questions about BEREA COLLEGE LEVERAGE LENDER INC
- What is the EIN of BEREA COLLEGE LEVERAGE LENDER INC?
- The employer identification number (EIN) of BEREA COLLEGE LEVERAGE LENDER INC is 85-3642997.
- Is BEREA COLLEGE LEVERAGE LENDER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BEREA COLLEGE LEVERAGE LENDER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BEREA COLLEGE LEVERAGE LENDER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEREA COLLEGE LEVERAGE LENDER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEREA COLLEGE LEVERAGE LENDER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BEREA COLLEGE LEVERAGE LENDER INC?
- The 990 for the year ended June 30, 2025 names LYLE ROELOFS.
- Who are the officers and directors of BEREA COLLEGE LEVERAGE LENDER INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does BEREA COLLEGE LEVERAGE LENDER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $57,546, expenses of $0 and total assets of $6,022,308 at year end.
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