BELMONT ABBEY COLLEGE INC Charity Report

Public IRS 990 nonprofit record

BELMONT ABBEY COLLEGE INC

EIN 56-0547498 · Education (B430)

What they do

THE MISSION of BELMONT ABBEY COLLEGE is to EDUCATE STUDENTS IN THE LIBERAL ARTS and SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION and THE BENEDICTINE SPIRIT of PRAYER and LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY of STUDENTS and PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM to LEAD LIVES of INTEGRITY, SUCCEED PROFESSIONALLY, BECOME RESPONSIBLE CITIZENS, and BE A BLESSING to THEMSELVES and to OTHERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.20 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 leaders34 people are listed in the latest report.

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

Money made simple

71.61%of revenue went to mission work76.2% of expenses · Program services

5.82%of revenue went to fundraising6.2% of expenses

$93.98spent for every $100 of revenueRevenue covered expenses this year.

16.55%of revenue went to management and office costs17.6% of expenses

$1.36in assets for every $1 spent this yearSome assets cannot be spent right away.

31.5%of its money came from giftsOther money may come from services or investments.

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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 $441,964 for DR WILLIAM THIERFELDER (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$63,695,801

Mission workProgram services$45,610,46971.61% of revenue76.2% of expenses

ManagementOffice and general costs$10,544,00516.55% of revenue17.6% of expenses

FundraisingAsking for donations$3,706,3865.82% of revenue6.2% of expenses

Revenue left after expensesReported annual surplus$3,834,9416.02% of revenueShown in gray on the chart

Total expenses$59,860,86093.98% 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: 76.2% mission · 17.6% management · 6.2% fundraisingTotal expenses: 93.98% of revenue

2023Expense mix: 79.4% mission · 15.6% management · 5.1% fundraisingTotal expenses: 74.79% of revenue

2022Expense mix: 76.5% mission · 13.9% management · 9.6% fundraisingTotal expenses: 91.49% of revenue

2021Expense mix: 78.4% mission · 14.2% management · 7.4% fundraisingTotal expenses: 105.48% of revenue

2020Expense mix: 80.3% mission · 13.1% management · 6.6% fundraisingTotal expenses: 96.31% of revenue

2019Expense mix: 82.1% mission · 12.1% management · 5.8% fundraisingTotal expenses: 97.11% of revenue

2018Expense mix: 82.6% mission · 12.4% management · 4.9% fundraisingTotal expenses: 99.17% of revenue

2017Expense mix: 83.2% mission · 12.9% management · 3.9% fundraisingTotal expenses: 95.00% of revenue

Money in and money out

Revenue$63,695,801

Expenses$59,860,860

Annual surplus $3,834,941 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)$45,610,469 · 76.2% of expenses

Management and office costs$10,544,005 · 17.6% of expenses

Fundraising$3,706,386 · 6.2% of expenses

See all reported dollar amounts

Revenue$63,695,801

Expenses$59,860,860

Assets$81,232,897

Income$85,412,004

Contributions$20,091,986

Mission work (program services)$45,610,469

Fundraising$3,706,386

Management and general$10,544,005

Executive compensation (total)$947,795

Stocks and bonds$23,302,988

Investing fees$70,726

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

DR WILLIAM THIERFELDERPRESIDENT · 60 hrs/week $441,964Base $394,901 · Other $47,063

MR PHILIP BRACHVICE PRESIDENT OF COLLEGE RELATIONS · 60 hrs/week $272,111Base $246,172 · Other $25,939

MR ALLAN MARKEXECUTIVE VICE PRESIDENT · 60 hrs/week $266,193Base $241,112 · Other $25,081

MR STEPHEN MISSVICE PRESIDENT AND ATHLETIC DIRECTOR · 60 hrs/week $227,919Base $202,849 · Other $25,070

DR JOSEPH WYSOCKIPROVOST · 60 hrs/week $216,561Base $192,978 · Other $23,583

CHERYL TROTTERVICE PRESIDENT HR AND OPERATIONS · 50 hrs/week $179,743Base $178,757 · Other $986

AUGUSTA GLADDSENIOR VICE PRESIDENT STRATEGIC GIVING · 50 hrs/week $166,141Base $151,864 · Other $14,277

EMMETT MCGROARTYDIRECTOR OF THE BELMONT HOUSE · 50 hrs/week $162,584Base $150,399 · Other $12,185

ANDREA TREMBATHFORMER VICE PRESIDENT FINANCE AND ADMINISTRATION · 50 hrs/week $158,757Base $142,715 · Other $16,042

SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT -COLLEGE RELATIONS · 50 hrs/week $150,266Base $138,350 · Other $11,916

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 (34)

DR WILLIAM THIERFELDERPRESIDENT

MR PHILIP BRACHVICE PRESIDENT OF COLLEGE RELATIONS

MR ALLAN MARKEXECUTIVE VICE PRESIDENT

MR STEPHEN MISSVICE PRESIDENT AND ATHLETIC DIRECTOR

DR JOSEPH WYSOCKIPROVOST

CHERYL TROTTERVICE PRESIDENT HR AND OPERATIONS

AUGUSTA GLADDSENIOR VICE PRESIDENT STRATEGIC GIVING

EMMETT MCGROARTYDIRECTOR OF THE BELMONT HOUSE

ANDREA TREMBATHFORMER VICE PRESIDENT FINANCE AND ADMINISTRATION

SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT -COLLEGE RELATIONS

BROTHER TOBIAH ABBOT OSBTRUSTEE

BISHOP JOSEPH COFFEYTRUSTEE

RT REV PLACID D SOLARI OSBCHANCELLOR

REV ELIAS CORREA-TORRESTRUSTEE

MRS SARA EDELTRUSTEE

MRS MOLLY BECKERTTRUSTEE

MRS MARY ELLEN GUSTAINISTRUSTEE

MRS MARY CATHERINE SURFACETRUSTEE

MRS MARY SUMMATRUSTEE

MRS HEATHER FINKETRUSTEE

MR THOMAS KELLYTRUSTEE

MR TERENCE M MURPHYTRUSTEE

JUDGE JAMES DEVER IIITRUSTEE

MR RICHARD HOEFLINGSECRETARY

FATHER CHRISTOPHER KIRCHGESSNERTRUSTEE

MR JOSE RODRIGUEZTRUSTEE

MR JAMES CRAWFORD III JD LLM MATRUSTEE

MR FRANK TROTTATRUSTEE

MR DAVID WOFFORDTRUSTEE

MR CONOR GALLAGHERTRUSTEE

MR CLIFF BAUERTRUSTEE

MR CHRIS PARKERVICE CHAIRMAN

MR CHARLES C CORNELIOCHAIRMAN

FR JAMES RABER OSBTRUSTEE

About this charity

Recognized since: January 1978
Location: 100 BELMONT MOUNT HOLLY RD, BELMONT, NC 28012-2702
County: Gaston
In care of: JEFFREY W TALLEY
Primary officer: JEFFREY W TALLEY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailkathrynlaughlin@bac.edu Phone(704) 461-6814

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Education (B430)
IRS tax category: Colleges, Universities, and Professional Schools