Westminster College
81% goes to programs $9 to raise $100 Strong reserves Declining revenue
Westminster College is a 501(c)(3) organization based in Fulton, Missouri, registered in 1943, with $30,196,923 in FY2023 revenue. CharityIndex grades it C+, and it directs about 81% of spending to programs.
501 Westminster Ave, Fulton, MO, 65251 EIN 43-0652617 Since 1943
Revenue (FY2023)
$30.2M
▼ 44.0% vs prior year
Education median: $200K
Expenses (FY2023)
$42.6M
Net assets
$107.2M
Employees
549
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating81% to programs · $9 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 Westminster College: 81% to programs · $9 to raise $100 earns a A on this criterion. See the exact thresholds →
DFinancial health25% of the rating30 mo reserves · -41% 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 Westminster College: 30 mo reserves · -41% margin earns a D 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 Westminster 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 Westminster College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Four-year, undergraduate liberal arts college.
What they do
Scholarships and other financial aid - financial aid provided to students on basis of academic achievement, financial need and other similar standards. number benefited - 593
Student services - expenses relating to dean of student life, admissions, guidance, placement, chaplin, financial aid, and intercollegiate athletics. number benefited - served 592 students fall 2023 and 548 students spring 2024
Auxiliary operations- residence halls, book store, dining hall.
Contact & location
- Address
- 501 Westminster Ave, Fulton, MO, 65251
- City
- Fulton
- State
- Missouri
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $40.6M (FY2013) to $30.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $20.5MNet assets $107.2M
Operating margin
-41.0%
Spent more than it raised in the latest fiscal year.
Total assets
$127.8M
Total liabilities
$20.5M
Net assets
$107.2M
Salaries & benefits
$14.9M
35% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $30,196,923▼44.0% | $42,581,882▲8.0% | $107,212,078▼5.2% | $127,752,960▼5.3% | 990 |
| 2022 | $53,881,566▼12.4% | $39,429,746▼1.5% | $113,149,414▲22.9% | $134,852,533▲18.4% | 990 |
| 2021 | $61,494,493▲51.3% | $40,036,803▲11.7% | $92,057,720▲11.6% | $113,884,689▲14.6% | 990 |
| 2020 | $40,644,989▲34.3% | $35,832,724▲10.9% | $82,518,187▲9.5% | $99,363,216▲9.6% | 990 |
| 2019 | $30,260,128▼8.6% | $32,310,875▼1.7% | $75,360,397▼2.5% | $90,674,045▼0.2% | 990 |
| 2018 | $33,115,271▼10.5% | $32,886,268▼6.2% | $77,330,815▼0.1% | $90,830,181▼1.4% | 990 |
| 2017 | $36,981,101▼1.0% | $35,062,076▼9.8% | $77,445,384▲5.0% | $92,164,284▲2.6% | 990 |
| 2016 | $37,338,969▲6.8% | $38,865,474▲4.2% | $73,765,549▲2.6% | $89,843,407▲0.2% | 990 |
| 2015 | $34,973,822▲0.6% | $37,296,855▲3.4% | $71,871,565▼5.2% | $89,671,041▼3.0% | 990 |
| 2014 | $34,766,726▼14.4% | $36,059,183▼5.0% | $75,784,756▼4.4% | $92,426,109▼5.0% | 990 |
| 2013 | $40,616,054 | $37,969,929▲1.1% | $79,242,735▲6.7% | $97,268,870▲5.4% | 990 |
| 2012 | — | $37,574,071▲0.4% | $74,276,067▲2.3% | $92,296,369▲0.2% | 990 |
| 2011 | — | $37,411,987▲2.0% | $72,626,988▼8.8% | $92,118,762▼6.3% | 990 |
| 2010 | — | $36,684,435▲7.2% | $79,607,439▲0.2% | $98,319,455▲0.6% | 990 |
| 2009 | — | $34,216,496 | $79,441,971 | $97,723,099 | 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: Donald P Lofe Jr — $461,215 (1.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald P Lofe Jr | President of the College | 40 | $461,215 |
| Steven Tyrell | Cfo | 40 | $236,362 |
| Paul Orscheln | Vp of Enrollment Managemen | 40 | $194,395 |
| Ingrid Ilinca | Vp of Acadenic Affairs | 40 | $194,111 |
| Kasi Lacey | Vp and Dean of Student Lif | 40 | $147,703 |
| Linda Webster | Vp For Institutional Adava | 40 | $126,098 |
| Tanys C Hines | Assistant Dean of Online P | 40 | $114,538 |
| Amy Crane | Trustee | 0.5 | — |
| Andrea Maddox-dallas | Trustee | 0.5 | — |
| Betsy Humphreys | Trustee | 0.5 | — |
| Bill Daniels | Vice Chair of the Board | 5 | — |
| Charles Kim | Trustee | 0.5 | — |
| Dan Dokovic | Trustee | 0.5 | — |
| Darren Kay | Trustee | 0.5 | — |
| David M Jackson | Trustee | 0.5 | — |
| Eric Koestner | Trustee | 0.5 | — |
| Gary Henson | Trustee | 0.5 | — |
| Jack Baumstark | Trustee | 0.5 | — |
| James F Bennett | Vice Chair of the Board | 5 | — |
| J Christopher Panettiere | Trustee | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sm Wilson & Company | Construction | $3,161,362 |
| Eab | Marketing and Enrollment Services | $1,451,959 |
| Fresh Ideas | Food Service | $1,324,724 |
| Truescapes Landscaping LLC | Landscaping | $246,711 |
| Allied Barton Security Services | Security | $229,956 |
Grants received · $8.6M total
76 grants to Westminster College totaling $8.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Westminster College a legitimate nonprofit?
- Yes. Westminster College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 43-0652617, based in Fulton, Missouri. Donations are tax-deductible.
- What is Westminster College's EIN?
- Westminster College's Employer Identification Number (EIN) is 43-0652617.
- How much revenue does Westminster College report?
- Westminster College reported $30,196,923 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Westminster College's spending goes to programs?
- Westminster College spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Westminster College have?
- CharityIndex grades Westminster College C+, based on program efficiency and fundraising cost.
- How much does Westminster College's highest-paid employee make?
- The highest reported compensation on Westminster College's latest Form 990 is $461,215, paid to Donald P Lofe Jr (President of the College).
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Data for Westminster College (EIN 43-0652617) 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.