BELOIT COLLEGE

EIN: 390808497 501(c)(3) Education

BELOIT, WI

Total Revenue
$99,721,912
Total Expenses
$90,649,937
Total Assets
$201,652,842
Net Assets
$185,018,134
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1846
Legal Domicile
WI
Principal Officer
DR ERIC BOYNTON
Phone
6083632250
Tax Period
2024-07-01 to 2025-06-30

BELOIT COLLEGE, founded in 1846, is a mid-sized nonprofit in the Education sector that reported $99.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $90.6M left a modest 9% surplus.

Mission

BELOIT COLLEGE ENGAGES THE INTELLIGENCE, IMAGINATION, AND CURIOSITY OF ITS STUDENTS, EMPOWERING THEM TO LEAD FULFILLING LIVES MARKED BY HIGH ACHIEVEMENT, PERSONAL RESPONSIBILITY, AND PUBLIC CONTRIBUTION IN A DIVERSE SOCIETY. OUR EMPHASIS ON INTERNATIONAL AND INTERDISCIPLINARY PERSPECTIVES, THE INTEGRATION OF KNOWLEDGE WITH EXPERIENCE, AND CLOSE COLLABORATION AMONG PEERS, PROFESSORS, AND STAFF EQUIPS OUR STUDENTS TO APPROACH THE COMPLEX PROBLEMS OF THE WORLD ETHICALLY AND THOUGHTFULLY.

Program Service Accomplishments

Program 1
Expenses: $72,535,430 Revenue: $62,332,967

ACADEMIC AND STUDENT PROGRAM: BELOIT COLLEGE, A LIBERAL ARTS COLLEGE FOUNDED ON THE WISCONSIN FRONTIER IN 1846, WAS BORN OUT OF A BELIEF THAT A PARTICULAR BRAND OF EDUCATION COULD ENERGIZE AND...

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ACADEMIC AND STUDENT PROGRAM: BELOIT COLLEGE, A LIBERAL ARTS COLLEGE FOUNDED ON THE WISCONSIN FRONTIER IN 1846, WAS BORN OUT OF A BELIEF THAT A PARTICULAR BRAND OF EDUCATION COULD ENERGIZE AND TRANSFORM LIVES, AND BY EXTENSION, THE WORLD. BELOIT CONTINUES TO BELIEVE THIS AND DELIVERS IT THROUGH A UNIQUE, INTEGRATED CURRICULUM THAT ENGAGES STUDENTS IN AN EXPLORATION OF IDEAS, COMPELS STUDENTS TO DEEPLY KNOW THEIR SUBJECTS, AND REQUIRES THEM TO DEMONSTRATE THAT THEY DO BY DEEPLY CONNECTING EDUCATION AND EXPERIENCE TO STUDENTS' FUTURE CAREERS AND LIVES. THAT FOCUS ON PROVIDING A RIGOROUS AND REWARDING EDUCATION AND PREPARATION HAS LONG SET THE COLLEGE AND ITS GRADUATES APART. HAILED AS ONE OF 40 "COLLEGES THAT CHANGE LIVES" BY FORMER NEW YORK TIMES EDUCATION EDITOR LOREN POPE, BELOIT OFFERS STUDENTS ACCESS TO MORE THAN 45 ACADEMIC PROGRAMS, MORE THAN 60 STUDENT CLUBS, 18 VARSITY SPORTS, AND COUNTLESS OTHER OPPORTUNITIES THAT RANGE FROM HANDS-ON FIELD AND INTERNSHIP EXPERIENCES BOTH LOCALLY AND GLOBALLY, TO COLLEGE-FUNDED STUDENT BUSINESS STARTUPS.DURING THE 2024-25 ACADEMIC YEAR, THE COLLEGE SERVED 1,004 STUDENTS FROM 39 COUNTRIES, 45 STATES, AND THE DISTRICT OF COLUMBIA. THE COLLEGE OFFERED COURSES IN FALL, SPRING, AND SUMMER SESSIONS AND PROVIDED EDUCATIONAL SERVICES BOTH DOMESTICALLY AND THROUGH STUDY ABROAD PROGRAMS. THE COLLEGE GRADUATED 256 STUDENTS DURING THE YEAR, WHILE PROVIDING FINANCIAL ASSISTANCE TO 99 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE RECRUITMENT CYCLE FOR STUDENTS STARTING IN FALL 2024, THE COLLEGE RECEIVED 3,853 APPLICATIONS FROM FIRST-TIME, DEGREE-SEEKING STUDENTS. THE 224 STUDENTS WHO ENROLLED WILL GRADUATE AS THE CLASS OF 2028. THE COLLEGE CONTINUES TO RECEIVE RECOGNITION FROM EXTERNAL EVALUATORS AND PEERS ACROSS THE COUNTRY FOR THE QUALITY OF ITS UNDERGRADUATE TEACHING, CURRICULAR INNOVATIONS, ENTREPRENEURIAL AND STUDY ABROAD PROGRAMS, AND MORE. THESE REPUTATIONAL MEASURES, WHICH REFLECT THE COLLEGE'S INCREASING VISIBILITY, INCLUDE BEING NAMED THE #5 MOST INNOVATIVE SCHOOL BY U.S. NEWS & WORLD REPORT AND BEING ON THE NAMED LISTS FOR "BEST UNDERGRADUATE TEACHING," "FIRST YEAR EXPERIENCE TO LOOK FOR AND "MOST INTERNATIONAL STUDENTS." U.S. NEWS & WORLD REPORT RANKS BELOIT COLLEGE NATIONALLY AT #80 AMONG LIBERAL ARTS COLLEGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,103,792
Program Service Revenue $62,332,967
Investment Income $4,546,768
Other Revenue $16,738,385
TOTAL REVENUE $99,721,912

Expense Breakdown

Grants Paid $39,376,676
Salaries & Benefits $23,569,814
Fundraising Expenses $2,261,720
Program Expenses $72,535,430
Other Expenses $27,703,447
TOTAL EXPENSES $90,649,937

Year-over-Year Comparison

2024 2023 Change
Revenue $99,721,912 $82,394,916 +0.2%
Expenses $90,649,937 $85,855,097 +0.1%
Net Income $9,071,975 $-3,460,181 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
29
Independent Members
29
Employees
1019
Volunteers
144

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$2,041,197
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR DONALD CARSON CHAIR 1.00
Officer Director
$0 $0 $0
MR CHRISTOPHER D BARTOL TRUSTEE 1.00
Director
$0 $0 $0
MR ALEX CATALAN TRUSTEE 1.00
Director
$0 $0 $0
MR STEVE ELDRED TRUSTEE 1.00
Director
$0 $0 $0
MR RAJ FERNANDO TRUSTEE 1.00
Director
$0 $0 $0
MR BILL FITZGERALD TRUSTEE 1.00
Director
$0 $0 $0
MR PAUL FOSTER TRUSTEE 1.00
Director
$0 $0 $0
MS LESLEY FREEMAN TRUSTEE 1.00
Director
$0 $0 $0
MS JO FROMAN TRUSTEE 1.00
Director
$0 $0 $0
MR ALAN GEORGE TRUSTEE 1.00
Director
$0 $0 $0
MR AL GERHARDSTEIN TRUSTEE 1.00
Director
$0 $0 $0
MR PHEE BOON KANG TRUSTEE 1.00
Director
$0 $0 $0
MR DONALD KENT TRUSTEE 1.00
Director
$0 $0 $0
MS TORI J KEY TRUSTEE 1.00
Director
$0 $0 $0
MS JOANNA KUTTER TRUSTEE 1.00
Director
$0 $0 $0
MR STEPHEN MAHLE TRUSTEE 1.00
Director
$0 $0 $0
MR JONATHAN MASON TRUSTEE 1.00
Director
$0 $0 $0
MS CECILY MAJERUS TRUSTEE 1.00
Director
$0 $0 $0
MR TIM MCKEVETT TRUSTEE 1.00
Director
$0 $0 $0
MR ZACH MESSITTE TRUSTEE 1.00
Director
$0 $0 $0
MS JUDITH MILLER TRUSTEE 1.00
Director
$0 $0 $0
MR DICK NIEMIEC TRUSTEE 1.00
Director
$0 $0 $0
MS SUDHA PAVULURI QUAMME MD TRUSTEE 1.00
Director
$0 $0 $0
MS ANGELA RUSSELL TRUSTEE 1.00
Director
$0 $0 $0
MR ROY SCHNEIDERMAN TRUSTEE 1.00
Director
$0 $0 $0
MR ROBERT SHAW TRUSTEE 1.00
Director
$0 $0 $0
MR THOMAS WALCOTT TRUSTEE 1.00
Director
$0 $0 $0
MS NINA WEISSBERG TRUSTEE 1.00
Director
$0 $0 $0
MR DON WYATT TRUSTEE 1.00
Director
$0 $0 $0
MR ERIC BOYNTON PRESIDENT 40.00
Officer
$336,926 $61,173 $398,099
MR DANIEL SCHOOFF VP DEVELOPMENT UNTIL 2/18/25 40.00
Officer
$185,426 $51,163 $236,589
MR CECIL YOUNGBLOOD DEAN OF STUDENTS UNTIL 12/31/24 40.00
Officer
$178,880 $26,597 $205,477
MS DONNA OLIVER INTERIM PROVOST AND DEAN OF THE COLLEGE 40.00
Officer
$182,024 $24,735 $206,759
MS TIFFANY CIPOLLONE VP OF DEVELOPMENT 40.00
Officer
$134,698 $31,863 $166,561
MS LORRAINE RHEAD VICE PRESIDENT FOR HR & OPERATIONS 40.00
Officer
$179,491 $0 $179,491
MR TIMOTHY J LESLIE VP OF FINANCE, STRATEGY & OPERATIONS 40.00
Officer
$121,176 $42,853 $164,029
MS ELLENOR ANDERBYRNE SECRETARY/CHIEF OF STAFF 40.00
Officer
$90,155 $49,436 $139,591
MS KAREN SCHEDIN VP FOR ENROLLMENT 40.00
Officer
$173,731 $22,570 $196,301
MS BETH YOUNG VP, CFO & TREASURER AS OF 11/24 40.00
Officer
$16,250 $1,138 $17,388
MR RONGAL WATSON DEAN OF STUDENTS & ASSOC. PROVOST 40.00
Officer
$90,495 $40,417 $130,912
MR EDWARD WILDER CHIEF INFORMATION CENTER 40.00
Highest
$136,839 $43,759 $180,598
MS ELIZABETH CONLISK CHIEF COMMUNICATIONS OFFICER 40.00
Highest
$133,875 $0 $133,875
MR OSWALDO VOYSEST ASSOC. PROFESSOR, MOD. LANG. & LIT. 40.00
Highest
$110,765 $26,614 $137,379
MS MARTHA STOLZE DIRECTOR OF ADMISSIONS 40.00
Highest
$107,444 $44,634 $152,078
MS YAFFA GROSSMAN REGISTRAR 40.00
Highest
$105,584 $24,876 $130,460
DR H SCOTT BIERMAN FORMER PRESIDENT 0.00
$191,338 $25,754 $217,092
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $99,721,912 $90,649,937 $201,652,842 $9,071,975
2024 No data No data No data No data
2023 $79,216,298 $84,824,256 $208,467,553 $-5,607,958
2022 $86,166,985 $83,989,322 $210,386,491 $2,177,663
2021 $75,213,044 $77,674,978 $218,918,881 $-2,461,934
2020 $76,424,376 $78,535,765 $197,195,962 $-2,111,389
2019 $94,391,172 $86,617,633 $225,318,936 $7,773,539
2018 $104,073,571 $89,320,609 $255,528,681 $14,752,962
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