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Belmont Abbey College Inc

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

EIN: 560547498 ✦ Belmont, NC ✦ Designated as a 501(c)(3)

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Overview

What is Belmont Abbey College Inc?

Belmont Abbey College Inc is a nonprofit institution based in Belmont, North Carolina, with an address at 100 Belmont-Mount Holly Road, ZIP code 28012. The college, which enrolled approximately 1,696 students during the 2021-2022 academic year, offers undergraduate education in humanities, natural sciences, social sciences, and professional studies and masters level education in healthcare administration. Guided by the Catholic intellectual tradition and the Benedictine spirit of prayer and learning, the college aims to provide students with an education that enables them to lead lives of integrity, succeed professionally, become responsible citizens, and be a blessing to themselves and others. Belmont Abbey College embodies Benedictine hospitality by welcoming a diverse student body. With a workforce of 583 employees, the college continues to uphold its mission.


Official website here: www.belmontabbeycollege.edu

What are the reviews and ratings of this charity?

Charity Navigator rating: 89%, Three-Star out of Four Star rating.

Belmont Abbey College Inc has achieved an 89% rating, reflecting a strong performance in accountability and finance. The organization boasts a fully independent board with all members meeting the criteria, which enhances its governance structure. Additionally, it has demonstrated sound financial practices, with a high program expense ratio indicating that the majority of its resources are allocated toward its mission-related activities.

The accountability and finance score highlights areas of strength, including the absence of material diversion of assets and a well-documented conflict of interest policy. However, the organization does face a limitation with its whistleblower policy, which is currently missing, potentially impacting accountability measures. Overall, while there are minor areas for improvement, Belmont Abbey College Inc showcases a commitment to transparency and effective financial management.


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

Is Belmont Abbey College Inc legitimate?

Belmont Abbey College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Abbey College Inc 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: $1,369,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,173,762

For more financial information, click here


Official website here: www.belmontabbeycollege.edu

What is the mission statement of Belmont Abbey College Inc?

Belmont Abbey College is dedicated to providing students with a liberal arts and sciences education, aiming to glorify God in all aspects of learning. Guided by the Catholic intellectual tradition and the Benedictine spirit, the college welcomes a diverse student body and offers both undergraduate and graduate programs. Students are equipped to lead lives of integrity, succeed professionally, become responsible citizens, and be a blessing to others through an education grounded in the principles of prayer and learning. The college embodies Benedictine hospitality, fostering an environment that encourages growth and intellectual exploration.


Official website here: www.belmontabbeycollege.edu

Who is the CEO of Belmont Abbey College Inc?

William Thierfelder is the Chairman of Belmont Abbey College Inc.


Official website here: www.belmontabbeycollege.edu

What is the revenue of Belmont Abbey College Inc?

Belmont Abbey College Inc's revenue in 2022 was $47,661,973.


Official website here: www.belmontabbeycollege.edu

Who are the executives of Belmont Abbey College Inc and what are their salaries?

The average compensation at Belmont Abbey College Inc during 2022 was $26,661. There are 583 employees and 10 volunteers at Belmont Abbey College Inc.


Here are 34 key members and their salaries:


Mr Charles C Cornelio (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Richard Hoefling (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rt Rev Placid D Solari Osb (Chancellor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Thomas J Molony (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Dan A Nass (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr James V Hetzel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Hans Lengers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Nichola Omirly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Leroy Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Regina P Moody (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Silvia Rodriquez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brother Tobiah Abbott Osb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr James Crawford Iii Jd Llm Ma (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mrs Heather Finke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Thomas Kelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Terence M Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father David Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Michael Snyder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Michael Soignet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Chris Parker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Frank Trotta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Mary Catherine Surface (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Sara Edel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father Christopher Kirchgessner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr William Thierfelder (President)
  • Compensation: $387,055
  • Related: $0
  • Other: $48,100
Mr Phillip Brach (Vice President College Rel)
  • Compensation: $226,704
  • Related: $0
  • Other: $26,100
Mr Allan Mark (Executive Vice President)
  • Compensation: $200,824
  • Related: $0
  • Other: $24,900
Dr Travis Feezell (Provost)
  • Compensation: $193,924
  • Related: $0
  • Other: $24,528
Mr Stephen Miss (Vice President And Athleti)
  • Compensation: $154,725
  • Related: $0
  • Other: $22,203
Augusta Gladd (Senior Associate Vice President Strategic Giving)
  • Compensation: $150,525
  • Related: $0
  • Other: $12,383
Carolyn Harmon (Dean Of Nursing)
  • Compensation: $130,924
  • Related: $0
  • Other: $11,954
James Donoghue (Associate Professor Of Performing Arts)
  • Compensation: $129,686
  • Related: $0
  • Other: $10,214
Cheryl Trotter (Vice President Of Hr And Operations)
  • Compensation: $125,806
  • Related: $0
  • Other: $5,244
Rolando Rivas (Associate Vice President Marketing And Communicati)
  • Compensation: $112,819
  • Related: $0
  • Other: $5,927


Official website here: www.belmontabbeycollege.edu

Where can I find the form 990 for Belmont Abbey College Inc?

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


Official website here: www.belmontabbeycollege.edu

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

Mission Statement of Belmont Abbey College Inc

Belmont Abbey College, a renowned educational institution, is dedicated to imparting baccalaureate-level education in humanities, natural sciences, social sciences, and professional studies, as well as masters-level education in healthcare administration. The College's mission is deeply rooted in the liberal arts and sciences, with a commitment to glorifying God in all endeavors. Guided by the Catholic intellectual tradition and the Benedictine spirit of prayer and learning, Belmont Abbey College strives to provide a diverse student body with an education that fosters integrity, professional success, responsible citizenship, and personal enrichment.

Belmont Abbey College embodies the Benedictine principle of hospitality, warmly welcoming students from all walks of life. The institution's educational approach is grounded in the liberal arts, a time-honored tradition that emphasizes a well-rounded education in the arts, humanities, sciences, and mathematics. By integrating faith and learning, students are encouraged to develop a deep understanding of their chosen fields while also cultivating a strong moral character. The College's commitment to prayer and learning creates an environment that fosters intellectual growth, spiritual development, and personal transformation.

Moreover, Belmont Abbey College offers a comprehensive education that goes beyond academics. Students are provided with opportunities to engage in extracurricular activities, athletics, and community service projects, fostering a well-rounded experience that prepares them for success in their personal and professional lives. The College's commitment to its students extends beyond graduation, as alumni remain an integral part of the Belmont Abbey College community. Together, the students, faculty, and staff form a vibrant and supportive community, dedicated to the pursuit of knowledge, personal growth, and the greater glory of God.

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Impact




October, 2024

Belmont Abbey College Inc. has a significant impact by providing a comprehensive baccalaureate level education focused on humanities, natural sciences, social sciences, and professional studies, as well as offering master's level education in healthcare administration. The college's mission centers on educating students in the liberal arts and sciences, guided by the Catholic intellectual tradition and the Benedictine values of prayer and learning.

Through its diverse curriculum and commitment to academic excellence, the college cultivates an environment where approximately 1,696 enrolled students can thrive. The institution emphasizes the development of integrity, professional success, and responsible citizenship, preparing graduates to contribute positively to their communities and lead fulfilling lives. By embodying the spirit of Benedictine hospitality, Belmont Abbey College fosters an inclusive atmosphere that welcomes students from varied backgrounds, enhancing the educational experience and enriching the community. Overall, the college plays a vital role in shaping character and intellect, ultimately contributing to society in meaningful ways.




This information is meant to be a general summary of Belmont Abbey College Inc. 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
$47,661,973 (2022)
201120122013201420152016201720182019202020212022$0$15M$30M$45M$60M
Expenses
$50,273,375 (2022)
201120122013201420152016201720182019202020212022$0$15M$30M$45M$60M
Efficiency
2011201220132014201520162017201820192020202120220%7%14%21%34%

Other financial information:

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

  • Investment Income: $154,089
  • Program Service Revenue: $34,185,636
  • Gross Receipts: $57,745,302

Assets and Liabilities:

  • Total Assets: $38,798,634
  • Total Liabilities: $21,414,282
  • Net Assets: $17,384,352

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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

$24,894,087

AUXILIARY SERVICES

Revenue

$8,831,269

MISCELLANEOUS PROGRAM

Revenue

$460,280

Organization Details

Founding Year

1960

Principal Officer

William Thierfelder

Main Address

100 BELMONT-MOUNT HOLLY ROAD, BELMONT, NC, 28012

NTEE Category

Code: B430 - Education

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