Overview
What is Goldey-Beacom College?
Goldey-Beacom College is a nonprofit educational institution based in Wilmington, Delaware, with an address at 4701 Limestone Road, 19808. The college provides day and evening academic programs to 550 full-time students and 741 part-time students. In the fall of 2021, the college introduced a tuition reset, significantly reducing gross tuition charges by approximately 50% compared to the previous year. The college's mission is to grant associate, bachelor, and graduate degrees to qualified students. With a commitment to accessibility and high-quality education, Goldey-Beacom College offers challenging undergraduate and graduate programs. As a teaching-oriented institution, the college prioritizes instructional excellence, employing caring and dedicated faculty who motivate students to reach their full potential and excel in their respective fields. The college provides a nurturing, intellectually stimulating learning environment to help students grow as individuals and contribute meaningfully to society. The college employs a total workforce of 281 individuals.
Official website here: www.gbc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Goldey-Beacom College has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a perfect score in several criteria, including its independent board membership and financial oversight practices, indicating robust governance and transparency in operations.
The college's financial health is underscored by a low liabilities to assets ratio of 9.13%, alongside a high program expense ratio of 85.81%. This suggests that a significant portion of its resources is directed towards fulfilling its educational mission rather than administrative costs, which is a positive indicator for potential donors and stakeholders.
There are no noted limitations in the provided data, as all evaluated aspects meet or exceed expectations. Overall, Goldey-Beacom College demonstrates strong organizational practices and financial stewardship, reinforcing its commitment to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Goldey-Beacom College legitimate?
Goldey-Beacom College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goldey-Beacom 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: $1,314,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,761,497
For more financial information, click here
Official website here: www.gbc.edu
What is the mission statement of Goldey-Beacom College?
In its second century of existence, Goldey-Beacom College remains dedicated to providing accessible, high-quality education focused on careers. As an independent, multilevel institution, it offers challenging undergraduate and graduate programs. Goldey-Beacom College emphasizes instructional excellence, prioritizing dedicated and knowledgeable faculty who inspire students to reach their full potential. The college strives to create a caring, wholesome learning environment where students can grow individually and become productive members of society.
Official website here: www.gbc.edu
Who is the CEO of Goldey-Beacom College?
Kristine Santomauro is the President of Goldey-Beacom College.
Official website here: www.gbc.edu
What is the revenue of Goldey-Beacom College?
Goldey-Beacom College's revenue in 2022 was $32,727,269.
Official website here: www.gbc.edu
Who are the executives of Goldey-Beacom College and what are their salaries?
The average compensation at Goldey-Beacom College during 2022 was $28,740. There are 281 employees and 25 volunteers at Goldey-Beacom College.
Here are 21 key members and their salaries:
- Compensation: $372,241
- Related: $0
- Other: $50,917
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- Other: $0
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- Compensation: $326,803
- Related: $0
- Other: $64,392
- Compensation: $203,895
- Related: $0
- Other: $31,937
- Compensation: $169,815
- Related: $0
- Other: $15,521
- Compensation: $135,576
- Related: $0
- Other: $55,289
- Compensation: $106,123
- Related: $0
- Other: $34,948
- Compensation: $112,921
- Related: $0
- Other: $22,652
- Compensation: $118,125
- Related: $0
- Other: $29,844
- Compensation: $116,914
- Related: $0
- Other: $16,804
- Compensation: $130,600
- Related: $0
- Other: $37,650
Official website here: www.gbc.edu
Where can I find the form 990 for Goldey-Beacom College?
Goldey-Beacom College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gbc.edu
Learn more at the official website: www.gbc.edu
Mission Statement of Goldey-Beacom College
In its second century of operation, Goldey-Beacom College remains dedicated to providing accessible, high-quality, career-focused education for qualified students. The institution, known for its teaching-oriented approach, emphasizes instructional excellence in the classroom and is committed to sustaining faculty who are caring, dedicated, and knowledgeable in their respective fields. These faculty members motivate students to reach their full learning potential and represent teaching excellence. Goldey-Beacom College goes beyond academics by offering a caring, wholesome, intellectually stimulating learning environment for its students. This nurturing atmosphere fosters individual growth and prepares students to become worthy, productive members of society.
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Impact
October, 2024
Goldey-Beacom College significantly impacts the educational landscape by providing accessible, high-quality, and career-focused education to its students. The college offers diverse academic programs tailored to both full-time and part-time students, with a current enrollment of 550 full-time and 741 part-time learners. This commitment to education is evident in its dedication to instructional excellence, with faculty members who are caring, dedicated, and knowledgeable.
The institution has modernized its approach to affordability by implementing a tuition reset in Fall 2021, reducing gross tuition charges by approximately 50% compared to the previous year. This initiative makes higher education more accessible to a broader range of students, fostering an inclusive learning environment.
In its second century, Goldey-Beacom College remains focused on nurturing individual growth and preparing graduates to become productive members of society. By emphasizing a wholesome and intellectually stimulating atmosphere, the college empowers students to reach their full learning potential and succeed in their chosen career paths.
This information is meant to be a general summary of Goldey-Beacom 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,010,138
- Program Service Revenue: $17,205,479
- Gross Receipts: $40,774,550
Assets and Liabilities:
- Total Assets: $221,938,935
- Total Liabilities: $20,956,023
- Net Assets: $200,982,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION & FEES
Revenue
$14,338,448
RESIDENCE HALL FEES
Revenue
$1,957,376
FOOD SERVICE REVENUE
Revenue
$755,892
CAMP, ATHLETICS, AND OTHER FEES
Revenue
$153,763
Organization Details
Founding Year
1951
Phone
(302) 998-8814Principal Officer
Kristine Santomauro
Main Address
4701 LIMESTONE ROAD, WILMINGTON, DE, 19808
Website
www.gbc.eduNTEE Category
Code: B43 - Education
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