Belmont Abbey College

Organization Overview

Belmont Abbey College is located in Belmont, NC. The organization was established in 1978. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Belmont Abbey College employed 612 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Abbey College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2023, Belmont Abbey College generated $60.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $54.9m during the year ending 05/2023. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BELMONT ABBEY COLLEGE OFFERS BACCALAUREATE LEVEL EDUCATION IN HUMANITIES, NATURAL SCIENCES, SOCIAL SCIENCES, AND PROFESSIONAL STUDIES AND MASTERS LEVEL EDUCATION IN HEALTHCARE ADMINISTRATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION - BELMONT ABBEY COLLEGE PROVIDES EDUCATION FOR STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, THE COLLEGE IS GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, THE COLLEGE WELCOMES A DIVERSE BODY OF STUDENTS AND PROVIDES THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. DURING THE 2022-2023 ACADEMIC YEAR THE COLLEGE ENROLLED APPROXIMATELY 1,570 STUDENTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Mr Charles C Cornelio
Chairman
$0
Mr Richard Hoefling
Secretary
$0
Rt Rev Placid D Solari Osb
Chancellor
$0
Mr Nicholas Omirly
Trustee
$0
Mr Leroy Davis
Trustee
$0
Mrs Regina P Moody
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Chartwells Dining Services
Food Services
$3,293,691
Ssc Service Solutions
Maintenance/janitorial
$2,050,729
Ellucian Company Lp
Computer/network Services
$1,297,931
Uhs Belmont Llc
Management Service
$750,182
Blacktie Transortation Bus Charters Inc
Transportation Service
$459,918
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$16,700
Related organizations$0
Government grants $3,085,213
All other contributions, gifts, grants, and similar amounts not included above$19,297,915
Noncash contributions included in lines 1a–1f $15,890
Total Revenue from Contributions, Gifts, Grants & Similar$22,399,828
Total Program Service Revenue$37,915,628
Investment income $365,374
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$861,386
Net Income from Fundraising Events -$21,364
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $60,322
Miscellaneous Revenue$0
Total Revenue $59,979,946

Peer Organizations

Create an account to unlock the data you need.

or