Carthage College
84% goes to programs $24 to raise $100 Strong reserves
Carthage College is a 501(c)(3) organization based in Kenosha, Wisconsin, registered in 1936, with $139,741,954 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
2001 Alford Park Dr, Kenosha, WI, 53140 EIN 37-0661496 Since 1936
Revenue (FY2023)
$139.7M
▲ 12.7% vs prior year
Education median: $200K
Expenses (FY2023)
$136.3M
Net assets
$313.1M
Employees
1,752
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $24 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 Carthage College: 84% to programs · $24 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating28 mo reserves · +2% 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 Carthage College: 28 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Carthage College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Carthage College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Carthage is a school of liberal arts and sciences providing students with a college education. carthage is affiliated with the evangelical lutheran church of america.
What they do
Institutional support at carthage college is comprised of services that support administrative functions of the college including president's office, advancement, communications, finance & administrative services, and general institutional expenses.
Student services: carthage boasts a long-standing commitment to educating the whole person by nourishing the intellectual, spiritual, emotional, social and physical dimensions of students' lives. the college offers a curriculum that challenges students to think critically and express themselves effectively, a campus life that encourages involvement and service (over 124 student organizations), a community of faith that nurtures spiritual growth and develops moral responsibility, and co-curricular activities that inspire students to test their own limits and express their individuality. the award-winning state-of-the-art hedberg library unites books, periodicals, academic computing, network data ports and multimedia resources.
Auxiliary enterprises at carthage college are comprised of 12 residence halls on campus, 7 dining venues, and a bookstore for students, faculty and staff. of the total student body, 66.6% of enrolled students lived on-campus and participated in the resident student board plan. 1,824 students resided in campus housing during the 2023-2024 academic year.
Contact & location
- Address
- 2001 Alford Park Dr, Kenosha, WI, 53140
- City
- Kenosha
- State
- Wisconsin
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $120.1M (FY2013) to $139.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $127.8MNet assets $313.1M
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$441.0M
Total liabilities
$127.8M
Net assets
$313.1M
Salaries & benefits
$41.5M
30% of expenses
Board members
30
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $139,741,954▲12.7% | $136,274,299▲6.2% | $313,112,962▲6.6% | $440,951,784▲7.0% | 990 |
| 2022 | $123,979,926▼6.4% | $128,346,938▲3.5% | $293,795,495▲4.6% | $411,918,213▲5.8% | 990 |
| 2021 | $132,470,161▲5.8% | $124,024,073▲8.0% | $280,931,698▼7.2% | $389,285,696▼4.8% | 990 |
| 2020 | $125,157,339▼15.4% | $114,873,777▼23.2% | $302,620,303▲19.4% | $408,772,143▲26.0% | 990 |
| 2019 | $147,961,776▼0.9% | $149,611,948▼2.2% | $253,454,702▼1.2% | $324,316,773▲0.1% | 990 |
| 2018 | $149,287,973▲3.4% | $152,919,245▲2.3% | $256,481,615▼0.1% | $324,089,073▼0.3% | 990 |
| 2017 | $144,344,191▼6.7% | $149,442,023▲10.5% | $256,699,105▲1.7% | $325,139,764▲0.7% | 990 |
| 2016 | $154,745,558▲16.9% | $135,196,050▲3.9% | $252,483,858▲13.9% | $322,747,895▲14.1% | 990 |
| 2015 | $132,420,268▼2.4% | $130,164,588▲10.4% | $221,717,444▲0.2% | $282,887,301▼1.5% | 990 |
| 2014 | $135,728,093▲13.0% | $117,948,638▲7.9% | $221,359,831▲9.0% | $287,164,920▲12.8% | 990 |
| 2013 | $120,149,472 | $109,289,402▲8.3% | $203,069,932▲12.9% | $254,628,518▲12.8% | 990 |
| 2012 | — | $100,891,913▲5.1% | $179,873,471▲11.3% | $225,674,234▲8.2% | 990 |
| 2011 | — | $96,002,968▲8.2% | $161,605,006▲6.1% | $208,485,651▲3.8% | 990 |
| 2010 | — | $88,696,560 | $152,362,665 | $200,822,835 | 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 (FY2023)
Highest-paid: John Swallow — $535,965 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Swallow | President and Chief Executive Officer | 50 | $535,965 |
| David Timmerman | Provost and Chief Operating Officer | 50 | $231,723 |
| Kevin Crosby | Director For the Wisconsin Space Grant Consortium; | 40 | $214,045 |
| Michele Hancock | Vice President For College Culture For Inclusion | 50 | $188,637 |
| Bridget Haggerty | Vice President of Advancement | 50 | $188,452 |
| Abigail Hanna | Executive Vice President For Administration | 50 | $184,202 |
| Jim Padilla | Dean, Business School | 40 | $179,609 |
| Vincente Ceja | Vp For Finance, Cfo, Treasurer | 50 | $162,516 |
| Robert Nagel | Director of Engineering | 40 | $156,562 |
| Corinne Ness | Dean, Division of Arts and Humanities; Program Dir | 40 | $141,715 |
| Ashley Hanson | Vp of Enrollment | 50 | $138,882 |
| Alan Mills | Trustee | 1 | — |
| Andrew Palmen | Trustee | 1 | — |
| Brian Peccarelli | Trustee | 1 | — |
| Charles Sutton | Trustee | 1 | — |
| Cherie Matthaidess Robinson | Trustee | 1 | — |
| Christine Hobbs | Trustee | 1 | — |
| David Wiers | Secretary | 1 | — |
| Frederick John Krull | Trustee | 1 | — |
| Gina Madrigrano Friebus | First Vice Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Avaap USA LLC | Erp Implementation | $1,275,810 |
| Koch Kuts LLC | Landscaping Services | $430,477 |
| Idfive LLC | Media | $392,480 |
| 123 Painting Corp | Painting Services | $235,172 |
| Classic Gardens | Landscaping Services | $171,255 |
Grants received · $5.4M total
82 grants to Carthage College totaling $5.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Milwaukee Foundation Inc | An aspire kenosha-focused counselor | 2024 | $169,250 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $51,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $50,000 |
| American Online Giving Foundation Inc | General support | 2024 | $32,303 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $500,750 |
| Donor Advised Charitable Giving | Education | 2023 | $188,500 |
| Greater Milwaukee Foundation Inc | The purchase of equipment for the new engineering program | 2023 | $68,750 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $50,000 |
| Gulf Coast Community Foundation Inc | Education | 2023 | $30,189 |
| American Online Giving Foundation Inc | General support | 2023 | $26,967 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,805 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $13,000 |
| The Chicago Community Trust | General operating support, support for the rev. raymon l. pedersen distinguished professorship in social change - first of three anticipated contributions | 2022 | $500,250 |
| Donor Advised Charitable Giving | Education | 2022 | $457,650 |
| The Bessemer Giving Fund | General support | 2022 | $100,000 |
Grants made · $15K in FY2021
2 grants totaling $15K in FY2021. All grants made by Carthage College →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Kenosha County | Annual contribution to "building our future" program | $10,000 |
| United Way of Racine County Inc | Contribution to "higher expectations" program | $5,000 |
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Frequently asked questions
- Is Carthage College a legitimate nonprofit?
- Yes. Carthage College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-0661496, based in Kenosha, Wisconsin. Donations are tax-deductible.
- What is Carthage College's EIN?
- Carthage College's Employer Identification Number (EIN) is 37-0661496.
- How much revenue does Carthage College report?
- Carthage College reported $139,741,954 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Carthage College's spending goes to programs?
- Carthage College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Carthage College have?
- CharityIndex grades Carthage College A, based on program efficiency and fundraising cost.
- How much does Carthage College's highest-paid employee make?
- The highest reported compensation on Carthage College's latest Form 990 is $535,965, paid to John Swallow (President and Chief Executive Officer).
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Data for Carthage College (EIN 37-0661496) 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.