Belmont Abbey College
76% goes to programs $18 to raise $100 Strong reserves Growing revenue
Belmont Abbey College is a 501(c)(3) organization based in Belmont, North Carolina, registered in 1978, with $63,695,801 in FY2024 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
100 Belmont Mount Holly Rd, Belmont, NC, 28012 EIN 56-0547498 Since 1978
Revenue (FY2024)
$63.7M
▼ 19.3% vs prior year
Education median: $200K
Expenses (FY2024)
$59.9M
Net assets
$48.6M
Employees
621
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating76% to programs · $18 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Belmont Abbey College: 76% to programs · $18 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Belmont Abbey College: 10 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Belmont Abbey College: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Belmont Abbey College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Belmont abbey college offers baccalaureate level education in humanities, natural sciences, social sciences, and professional studies and masters level education in healthcare administration, business administration, data analytics, leadership, nursing, classical & liberal education and communication.
Contact & location
- Address
- 100 Belmont Mount Holly Rd, Belmont, NC, 28012
- City
- Belmont
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.0M (FY2013) to $63.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.6MNet assets $48.6M
Operating margin
6.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$81.2M
Total liabilities
$32.6M
Net assets
$48.6M
Salaries & benefits
$22.8M
38% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,695,801▼19.3% | $59,860,860▲1.4% | $48,642,921▲11.0% | $81,232,897▲9.7% | 990 |
| 2023 | $78,937,014▲31.6% | $59,037,196▲7.6% | $43,839,629▲92.9% | $74,020,353▲48.7% | 990 |
| 2022 | $59,979,946▲25.8% | $54,875,951▲9.2% | $22,724,896▲30.7% | $49,779,890▲28.3% | 990 |
| 2021 | $47,661,973▲1.1% | $50,273,375▲10.8% | $17,384,352▼19.4% | $38,798,634▼4.3% | 990 |
| 2020 | $47,130,303▲14.1% | $45,390,350▲13.2% | $21,565,895▲15.4% | $40,527,101▲7.4% | 990 |
| 2019 | $41,308,226▲4.6% | $40,114,286▲2.4% | $18,693,925▲4.1% | $37,740,490▲3.1% | 990 |
| 2018 | $39,505,964▲1.8% | $39,178,184▲6.3% | $17,956,634▼1.0% | $36,598,376▲0.6% | 990 |
| 2017 | $38,792,152▲12.1% | $36,852,583▲5.6% | $18,143,708▲14.2% | $36,395,950▲11.9% | 990 |
| 2016 | $34,611,363▲2.7% | $34,889,739▲5.3% | $15,882,449▲1.5% | $32,527,826▲2.3% | 990 |
| 2015 | $33,710,503▲4.1% | $33,134,560▲3.9% | $15,640,143▼2.2% | $31,783,785▲8.7% | 990 |
| 2014 | $32,374,436▼4.8% | $31,896,169▼0.3% | $15,984,882▲16.8% | $29,234,263▼5.6% | 990 |
| 2013 | $33,996,062 | $31,993,109▼21.5% | $13,686,938▲14.6% | $30,979,736▲32.6% | 990 |
| 2012 | — | $40,744,781▲5.2% | $11,941,315▲17.5% | $23,363,469▲14.2% | 990 |
| 2011 | — | $38,731,942▲3.0% | $10,163,059▼7.1% | $20,452,970▼1.8% | 990 |
| 2010 | — | $37,598,752▲10.7% | $10,934,613▲11.0% | $20,831,687▲4.7% | 990 |
| 2009 | — | $33,964,456 | $9,850,604 | $19,898,401 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr William Thierfelder — $394,901 (0.66% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr William Thierfelder | President | 60 | $394,901 |
| Mr Philip Brach | Vice President of College Relations | 60 | $246,172 |
| Mr Allan Mark | Executive Vice President | 60 | $241,112 |
| Mr Stephen Miss | Vice President and Athletic Director | 60 | $202,849 |
| Dr Joseph Wysocki | Provost | 60 | $192,978 |
| Cheryl Trotter | Vice President Hr and Operations | 50 | $178,757 |
| Augusta Gladd | Senior Vice President Strategic Giving | 50 | $151,864 |
| Emmett Mcgroarty | Director of the Belmont House | 50 | $150,399 |
| Andrea Trembath | Former Vice President Finance and Administration | 50 | $142,715 |
| Samantha Donohue | Associate Vice President -college Relations | 50 | $138,350 |
| Bishop Joseph Coffey | Trustee | 1 | — |
| Brother Tobiah Abbot Osb | Trustee | 1 | — |
| Father Christopher Kirchgessner | Trustee | 1 | — |
| Fr James Raber Osb | Trustee | 1 | — |
| Judge James Dever III | Trustee | 1 | — |
| Mr Charles C Cornelio | Chairman | 5 | — |
| Mr Chris Parker | Vice Chairman | 2 | — |
| Mr Cliff Bauer | Trustee | 1 | — |
| Mr Conor Gallagher | Trustee | 1 | — |
| Mr David Wofford | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Chartwells Dining Services | Food Services | $4,765,023 |
| Ssc Service Solutions | Maintenance/janitorial | $2,339,903 |
| Mccullough Construction LLC | Renovation Services | $2,313,813 |
| Ellucian Company LP | Computer/network Services | $2,029,023 |
| Black Tie Transportation Bus Chartes In | Transportation Services | $438,126 |
Grants received · $12.8M total
82 grants to Belmont Abbey College totaling $12.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Belmont Abbey College a legitimate nonprofit?
- Yes. Belmont Abbey College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0547498, based in Belmont, North Carolina. Donations are tax-deductible.
- What is Belmont Abbey College's EIN?
- Belmont Abbey College's Employer Identification Number (EIN) is 56-0547498.
- How much revenue does Belmont Abbey College report?
- Belmont Abbey College reported $63,695,801 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Belmont Abbey College's spending goes to programs?
- Belmont Abbey College spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Belmont Abbey College have?
- CharityIndex grades Belmont Abbey College A, based on program efficiency and fundraising cost.
- How much does Belmont Abbey College's highest-paid employee make?
- The highest reported compensation on Belmont Abbey College's latest Form 990 is $394,901, paid to Dr William Thierfelder (President).
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Data for Belmont Abbey College (EIN 56-0547498) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.