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Beloit College

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390808497 ✦ Beloit, WI ✦ Designated as a 501(c)(3)

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Overview

What is Beloit College?

Beloit College is a renowned liberal arts institution of higher learning, established in Wisconsin in 1846. With a strong belief in the transformative power of education, it offers a rigorous and rewarding curriculum designed to engage students in exploring ideas, deeply understanding subjects, and demonstrating their knowledge. The college provides access to over 45 academic programs, 50 student clubs, and 18 varsity sports. Beloit has a student body comprised of individuals from 35 countries and 45 states, and during the 2021-22 academic year, it served 1,011 students. The college graduated 244 students during the same period, offering financial assistance to 96 percent of degree-seeking students. Beloit College is recognized for its innovative undergraduate teaching, curricular initiatives, entrepreneurial and study abroad programs, and commitment to inclusivity and diversity. The college's mission is to empower students to lead fulfilling lives marked by high achievement, personal responsibility, and public contribution in a diverse society.


Official website here: www.beloit.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)

Beloit College has achieved a perfect score of 100% on Charity Navigator, reflecting exemplary accountability and financial management. This high rating is based solely on its outstanding performance in the Accountability & Finance category, indicating that the college adheres to best practices in transparency and fiscal responsibility.

The college boasts a fully independent board of directors, composed of 25 members, ensuring governance free from conflicts of interest. Additionally, it has robust financial oversight mechanisms, including an audit and oversight committee that receives full marks for its operations. Other notable practices include comprehensive policies regarding whistleblowing, conflict of interest, and document retention, all of which are publicly accessible.

While the data indicates strong financial health with a low liabilities to assets ratio and a high program expense ratio, there are no significant limitations noted in the feedback. Overall, Beloit College demonstrates a commitment to ethical practices and effective use of resources, making it a trustworthy nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Beloit College legitimate?

Beloit College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beloit College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,784,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,094,345

For more financial information, click here


Official website here: www.beloit.edu

What is the mission statement of Beloit College?

Beloit College is dedicated to fostering the intelligence, imagination, and curiosity of its students, enabling them to lead fulfilling lives marked by high achievement, personal responsibility, and public contribution in a diverse society. The institution emphasizes international and interdisciplinary perspectives, integrating knowledge with experience, and promoting close collaboration among peers, professors, and staff. This approach equips students with the skills to tackle complex global issues ethically and thoughtfully. Beloit College's mission empowers students to apply their liberal arts education to various fields, local communities, and around the world. The college's commitment to inclusivity, access, and the public good is reflected in its student-ratified statement of culture and public commitments.


Official website here: www.beloit.edu

Who is the CEO of Beloit College?

Dr H Scott Bierman is the President of Beloit College.


Official website here: www.beloit.edu

What is the revenue of Beloit College?

Beloit College's revenue in 2022 was $86,166,985.


Official website here: www.beloit.edu

Who are the executives of Beloit College and what are their salaries?

The average compensation at Beloit College during 2022 was $16,915. There are 1057 employees and 116 volunteers at Beloit College.


Here are 38 key members and their salaries:


Mr Dick Niemiec (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Msphyllis Wolff Banucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Christopher D Bartol (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Oscar Cardona Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Donald Carson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Alex Catalan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Raj Fernando (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Paul Foster (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Jo Froman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Oceana R Gilliam (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Greg Hopper (Trustee (Thru 10-9-2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Phee Boon Kang (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Donald Kent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Tori J Key (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Joanna Kutter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Stephen Mahle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Cecily Majerus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jonathan Mason (Trustee (Thru 05-31-2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Harold Mayer (Trustee (Thru 10-9-2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Judith Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Thomas O'Neill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Sudha Pavuluri Quamme Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Margaret Robinson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Roy Schneiderman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Thomas Walcott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Nina Weissberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Don Wyatt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Robert Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr H Scott Bierman (President)
  • Compensation: $378,135
  • Related: $0
  • Other: $73,353
Ms Leslie Davidson (Vp Of Enrollment Services)
  • Compensation: $179,716
  • Related: $0
  • Other: $48,557
Mr Eric Boynton (Provost & Dean Of The College)
  • Compensation: $169,526
  • Related: $0
  • Other: $46,721
Ms Stacie T Scott (Treas./Vp Finance & Planning)
  • Compensation: $168,768
  • Related: $0
  • Other: $37,012
Ms Lorraine Rhead (Vp Of Human Resources & Operations)
  • Compensation: $129,261
  • Related: $0
  • Other: $40,456
Mr Daniel Schooff (Secretary/Chief Of Staff)
  • Compensation: $126,517
  • Related: $0
  • Other: $43,345
Mr Cecil Youngblood (Dean Of Equity, Community & Student Success)
  • Compensation: $152,633
  • Related: $0
  • Other: $27,401
Ms Amy Wilson Thru 6-30-22 (Vp Of Development & Alumni Relations)
  • Compensation: $184,635
  • Related: $0
  • Other: $32,969
Ms Yaffa Grossman (Assoc. Dean Of The College)
  • Compensation: $102,922
  • Related: $0
  • Other: $23,142
Ms Cynthia Jacobs (Director Of Enrollment Strategy)
  • Compensation: $108,445
  • Related: $0
  • Other: $16,790


Official website here: www.beloit.edu

Where can I find the form 990 for Beloit College?

Beloit College's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.beloit.edu

Learn more at the official website: www.beloit.edu

Mission Statement of Beloit College

Beloit College, a renowned residential liberal arts institution, is dedicated to fostering the intelligence, creativity, and curiosity of its students. Situated in the United States, this prestigious college is Wisconsin's oldest continuous institution of higher learning and a leader in delivering a rigorous liberal arts education.

Beloit College empowers its students to lead fulfilling lives marked by high achievement, personal responsibility, and public contribution in a diverse society. The college's commitment to its students, faculty, staff, and the world is evident in its mission statement, a student-ratified statement of culture, and its public commitments to inclusivity and diversity, access, and the public good.

Beloit College's emphasis on international and interdisciplinary perspectives, the integration of knowledge with experience, and close collaboration among peers, professors, and staff equips its students to approach the complex problems of the world ethically and thoughtfully. The college's rigorous academic experience requires students to apply and test their learning in their chosen fields of study, local communities, social organizations, and around the world.

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Impact




October, 2024

Beloit College, founded in 1846, serves as a national leader in liberal arts education, fostering a transformative intellectual environment. Its integrated curriculum empowers students to explore complex ideas, connect education with real-world experience, and critically engage with their chosen fields. The college offers over 45 academic programs and a wealth of extracurricular activities, including more than 50 student clubs and 18 varsity sports, thus enriching students' personal and professional development.

In the 2021-22 academic year, Beloit educated 1,011 students hailing from diverse backgrounds across 35 countries and 45 states. With a commitment to inclusivity and support, 96% of degree-seeking students received financial assistance, ensuring access to its rigorous education. Beloit’s innovative approach has garnered national recognition, ranking as the #5 Most Innovative School and earning accolades for its undergraduate teaching and vibrant campus culture.

Through initiatives that promote personal responsibility, public contribution, and interdisciplinary perspectives, Beloit College equips its graduates to tackle global challenges thoughtfully and ethically, making a significant impact both locally and worldwide.




This information is meant to be a general summary of Beloit College. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$86,166,985 (2022)
2011201220132014201520152016201720182019202020212022$0$30M$60M$90M$120M
Expenses
$83,989,322 (2022)
2011201220132014201520152016201720182019202020212022$0$25M$50M$75M$100M
Efficiency
20112012201320142015201520162017201820192020202120220%15%30%45%67%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,332,705
  • Program Service Revenue: $57,573,567
  • Gross Receipts: $96,923,046

Assets and Liabilities:

  • Total Assets: $210,386,491
  • Total Liabilities: $32,839,652
  • Net Assets: $177,546,839

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$49,443,085

ROOM, BOARD, & OTHER

Revenue

$8,130,482

Organization Details

Founding Year

1846

Principal Officer

Dr H Scott Bierman

Main Address

700 COLLEGE ST, BELOIT, WI, 53511

NTEE Category

Code: B420 - Education

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