MONMOUTH COLLEGE Charity Report

Public IRS 990 nonprofit record

MONMOUTH COLLEGE

EIN 37-0661228 · Education (B420)

What they do

MONMOUTH COLLEGE PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE WITHIN A CARING COMMUNITY of LEARNERS. AS A RESIDENTIAL LIBERAL ARTS COLLEGE, WE EMPOWER STUDENTS to REALIZE THEIR FULL POTENTIAL, LIVE MEANINGFUL LIVES, PURSUE SUCCESSFUL CAREERS, and SHAPE THEIR COMMUNITIES and WORLD THROUGH SERVICE and LEADERSHIP.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.38%of revenue went to mission work89.1% of expenses · Program services

0.92%of revenue went to fundraising0.9% of expenses

$99.25spent for every $100 of revenueRevenue covered expenses this year.

9.95%of revenue went to management and office costs10.0% of expenses

$4.14in assets for every $1 spent this yearSome assets cannot be spent right away.

12.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $609,629 for CLARENCE WYATT END 063024 (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$58,677,927

Mission workProgram services$51,861,23488.38% of revenue89.1% of expenses

ManagementOffice and general costs$5,838,2199.95% of revenue10.0% of expenses

FundraisingAsking for donations$537,3010.92% of revenue0.9% of expenses

Revenue left after expensesReported annual surplus$441,1730.75% of revenueShown in gray on the chart

Total expenses$58,236,75499.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.1% mission · 10.0% management · 0.9% fundraisingTotal expenses: 99.25% of revenue

2023Expense mix: 87.1% mission · 12.0% management · 1.0% fundraisingTotal expenses: 90.14% of revenue

2022Expense mix: 88.2% mission · 10.9% management · 0.9% fundraisingTotal expenses: 106.48% of revenue

2021Expense mix: 88.1% mission · 10.8% management · 1.1% fundraisingTotal expenses: 99.55% of revenue

2020Expense mix: 88.8% mission · 10.1% management · 1.1% fundraisingTotal expenses: 98.55% of revenue

2019Expense mix: 88.1% mission · 10.8% management · 1.2% fundraisingTotal expenses: 111.90% of revenue

2018Expense mix: 87.9% mission · 10.4% management · 1.7% fundraisingTotal expenses: 113.82% of revenue

2017Expense mix: 88.2% mission · 10.1% management · 1.7% fundraisingTotal expenses: 93.74% of revenue

Money in and money out

Revenue$58,677,927

Expenses$58,236,754

Annual surplus $441,173 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$51,861,234 · 89.1% of expenses

Management and office costs$5,838,219 · 10.0% of expenses

Fundraising$537,301 · 0.9% of expenses

See all reported dollar amounts

Revenue$58,677,927

Expenses$58,236,754

Assets$241,007,189

Income$96,994,656

Contributions$7,466,059

Mission work (program services)$51,861,234

Fundraising$537,301

Management and general$5,838,219

Stocks and bonds$118,547,874

Investing fees$128,913

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CLARENCE WYATT END 063024PRESIDENT · 50 hrs/week $609,629Base $591,604 · Other $18,025

MARK WILLHARDTVP ACADEMIC AFFAIRS, DEAN OF FACULTY · 50 hrs/week $327,965Base $307,140 · Other $20,825

STEPHANIE LEVENSONVP OF ENROLLMENT MANAGEMENT · 50 hrs/week $191,361Base $164,102 · Other $27,259

HOLLY THARPTREASURER, VP OF FINANCE & BUSINESS · 50 hrs/week $190,653Base $169,644 · Other $21,009

HANNAH MAHERVP OF DEVELOPMENT · 50 hrs/week $185,029Base $172,731 · Other $12,298

PATRICIA DRAVESPRESIDENT · 50 hrs/week $171,854Base $158,401 · Other $13,453

KAREN OGORZALEKVP OF STUDENT LIFE, DEAN OF STUDENTS · 50 hrs/week $141,644Base $124,252 · Other $17,392

MICHELLE MERRITTVP OF STUDENT SUCCESS · 50 hrs/week $140,675Base $120,745 · Other $19,930

KATHERINE WALLASSISTANT TREASURER, CONTROLLER · 40 hrs/week $84,249Base $78,462 · Other $5,787

JEVANIE GILLENASSISTANT SECRETARY · 40 hrs/week $50,942Base $40,374 · Other $10,568

JODI FORRESTERSECRETARY · 40 hrs/week $45,400Base $42,325 · Other $3,075

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

CLARENCE WYATT END 063024PRESIDENT

MARK WILLHARDTVP ACADEMIC AFFAIRS, DEAN OF FACULTY

STEPHANIE LEVENSONVP OF ENROLLMENT MANAGEMENT

HOLLY THARPTREASURER, VP OF FINANCE & BUSINESS

HANNAH MAHERVP OF DEVELOPMENT

PATRICIA DRAVESPRESIDENT

KAREN OGORZALEKVP OF STUDENT LIFE, DEAN OF STUDENTS

MICHELLE MERRITTVP OF STUDENT SUCCESS

KATHERINE WALLASSISTANT TREASURER, CONTROLLER

JEVANIE GILLENASSISTANT SECRETARY

JODI FORRESTERSECRETARY

NANCY L SNOWDENTRUSTEE

MARK KOPINKSKITRUSTEE, CHAIRMAN

MARK TAYLORTRUSTEE

WILLIAM GOLDSBOROUGHTRUSTEE

PAMELA MEANESTRUSTEE

RALPH VELAZQUEZ JRTRUSTEE, VICE CHAIR

REV ROBERT C MCCONNELLTRUSTEE

ROBIN GALLOWAYTRUSTEE

THE HON JOHN J SCOTILLOTRUSTEE

TIM SALIERTRUSTEE

ANITA RIDGETRUSTEE

MAHENDRAN JAWAHARLALTRUSTEE

JEAN PETERS WITTYTRUSTEE

HARVEY L ECHOLSTRUSTEE

GAIL OWENTRUSTEE

F AUSTIN JONESTRUSTEE

DR CARLOS F SMITHTRUSTEE

DOUGLAS R CARLSONTRUSTEE

DENNIS PLUMMERTRUSTEE

DANIEL A COTTERTRUSTEE

DANIEL DICKSONTRUSTEE

CHRISTINE FARRTRUSTEE

BRADLEY NAHRSTADTTRUSTEE

AUGUSTIN HARTTRUSTEE

ANTHONY J PERZIGIANTRUSTEE

About this charity

Recognized since: January 1936
Location: 700 EAST BROADWAY, MONMOUTH, IL 61462
County: Warren
In care of: HOLLY THARP
Primary officer: HOLLY THARP, VP OF FINANCE AND BUSINESS

How to reach them

WebsiteVisit the charity’s website Phone(309) 457-2125

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SIKICH LLC
NTEE classification: Education (B420)