Monmouth College
87% goes to programs $3 to raise $100 Strong reserves Growing revenue
Monmouth College is a 501(c)(3) organization based in Monmouth, Illinois, registered in 1936, with $66,159,833 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
700 E Broadway, Monmouth, IL, 61462 EIN 37-0661228 Since 1936
Revenue (FY2023)
$66.2M
▲ 19.2% vs prior year
Education median: $200K
Expenses (FY2023)
$59.6M
Net assets
$210.9M
Employees
709
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 rating87% to programs · $3 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 Monmouth College: 87% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating42 mo reserves · +10% 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 Monmouth College: 42 mo reserves · +10% 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 Monmouth 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 Monmouth College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To create and sustain an environment that is committed to liberal arts education.
What they do
Auxiliary services: student housing and dining programs, and parking.
Contact & location
- Address
- 700 E Broadway, Monmouth, IL, 61462
- City
- Monmouth
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $60.4M (FY2013) to $66.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $31.1MNet assets $210.9M
Operating margin
9.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$242.0M
Total liabilities
$31.1M
Net assets
$210.9M
Salaries & benefits
$17.5M
29% of expenses
Board members
33
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $66,159,833▲19.2% | $59,639,184▲0.9% | $210,878,739▲8.0% | $241,999,136▲7.8% | 990 |
| 2022 | $55,523,585▼3.3% | $59,122,199▲3.5% | $195,322,189▲3.5% | $224,587,143▲0.9% | 990 |
| 2021 | $57,392,063▼0.2% | $57,134,561▲0.8% | $188,769,087▼11.6% | $222,514,116▼12.2% | 990 |
| 2020 | $57,502,511▲7.1% | $56,667,886▼5.7% | $213,483,020▲17.3% | $253,441,951▲12.6% | 990 |
| 2019 | $53,684,096▼0.1% | $60,071,068▼1.8% | $182,064,301▼2.3% | $225,152,579▼2.8% | 990 |
| 2018 | $53,751,092▼18.7% | $61,176,901▼1.3% | $186,294,346▼3.2% | $231,669,672▼1.2% | 990 |
| 2017 | $66,138,039▲6.6% | $61,996,501▼1.5% | $192,469,781▲0.7% | $234,415,000▲2.4% | 990 |
| 2016 | $62,035,976▲9.7% | $62,921,543▲0.4% | $191,182,234▲5.0% | $229,008,216▲4.3% | 990 |
| 2015 | $56,543,993▼27.9% | $62,652,965▲2.3% | $182,070,480▼5.6% | $219,661,954▼3.5% | 990 |
| 2014 | $78,380,597▲29.9% | $61,253,024▲8.2% | $192,909,351▲1.0% | $227,516,560▲0.5% | 990 |
| 2013 | $60,354,187 | $56,589,166▲8.8% | $190,913,128▲8.2% | $226,438,069▲5.9% | 990 |
| 2012 | — | $52,009,746▲3.2% | $176,517,964▲7.8% | $213,895,829▲4.7% | 990 |
| 2011 | — | $50,405,306▲1.8% | $163,691,067▲0.8% | $204,361,853▲7.0% | 990 |
| 2010 | — | $49,536,949▲5.5% | $162,406,848▲15.5% | $191,026,611▲13.2% | 990 |
| 2009 | — | $46,958,412 | $140,655,551 | $168,782,648 | 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: Clarence R Wyatt — $335,459 (0.56% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Clarence R Wyatt | President (end 6/30/2024) | 50 | $335,459 |
| Stephanie Levenson | Vp, Enrollment Management | 40 | $177,331 |
| Holly Tharp | Treasurer | 50 | $170,608 |
| Hannah Maher | Vp of Development | 40 | $166,000 |
| Mark Willhardt | Vp Academic Affairs, Dean of Faculty | 40 | $163,252 |
| Karen Ogorzalek | Vp of Student Life, Dean of Students | 50 | $126,752 |
| Michelle Merritt | Vp of Student Success | 50 | $119,581 |
| Katherine Wall | Assistant Treasurer | 40 | $80,000 |
| Jevanie Gillen | Assistant Secretary | 40 | $52,104 |
| Jodi Forrester | Secretary | 50 | $33,510 |
| Anita Ridge | Trustee | 1 | — |
| Anthony J Perzigian | Trustee | 1 | — |
| Augustin Hart | Trustee | 1 | — |
| Brad Nahrstadt | Trustee | 1 | — |
| Christine Farr | Trustee | 1 | — |
| Dan Dickson | Trustee | 1 | — |
| Daniel Cotter | Trustee | 1 | — |
| Dennis M Plummer | Trustee | 1 | — |
| Douglas R Carlson | Trustee | 1 | — |
| Dr Carlos F Smith | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Campus Dining Services | Dining Services | $3,353,751 |
| Standard Heating & Cooling | Hvac Restoration | $1,806,494 |
| 360 Holdings LLC | Electric Restoration | $1,128,171 |
| Campusworks Inc | Information Technology Services | $1,057,366 |
| Lockstep Technology Group | Information Technology Services | $964,500 |
Grants received · $7.1M total
84 grants to Monmouth College totaling $7.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Monmouth College a legitimate nonprofit?
- Yes. Monmouth College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-0661228, based in Monmouth, Illinois. Donations are tax-deductible.
- What is Monmouth College's EIN?
- Monmouth College's Employer Identification Number (EIN) is 37-0661228.
- How much revenue does Monmouth College report?
- Monmouth College reported $66,159,833 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Monmouth College's spending goes to programs?
- Monmouth College spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Monmouth College have?
- CharityIndex grades Monmouth College A, based on program efficiency and fundraising cost.
- How much does Monmouth College's highest-paid employee make?
- The highest reported compensation on Monmouth College's latest Form 990 is $335,459, paid to Clarence R Wyatt (President (end 6/30/2024)).
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Data for Monmouth College (EIN 37-0661228) 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.