Totals
- Total revenue
- $99,721,912
- Total expenses
- $90,649,937
- Contributions and grants received
- $16,103,792
- Grants paid
- $39,376,676
- Program service revenue
- $62,332,967
- Investment income
- $4,546,768
- Other revenue
- $16,738,385
- Total assets, end of year
- $201,652,842
- Total liabilities, end of year
- $16,634,708
- Net assets or fund balances, end of year
- $185,018,134
- Program services expenses (Part IX)
- $72,535,430
- Management and general expenses
- $15,852,787
- Fundraising expenses
- $2,261,720
- Program service expenses (Part III)
- $72,535,430
Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,340,007
-
1f · All other contributions, gifts and grants
$13,763,785
-
1g · Noncash contributions included above
$3,019,850
-
2a · Program service revenue: TUITION AND FEES
total $53,772,760 · related or exempt $53,772,760
-
2b · Program service revenue: ROOM, BOARD, & OTHER
total $8,560,207 · related or exempt $8,560,207
-
3 · Investment income
total $1,658,954 · unrelated business $13,173 · excluded $1,645,781
-
7a · Gross sales of assets other than inventory
securities $19,195,655 · other assets $1,199,056
-
7b · Less cost or other basis and sales expenses
securities $17,506,832 · other assets $65
-
7c · Gain or loss
securities $1,688,823 · other assets $1,198,991
-
7d · Net gain or loss
total $2,887,814 · excluded $2,887,814
-
11a · Other revenue: TAX CREDIT TRANSACTION
total $10,859,637 · excluded $10,859,637
-
11b · Other revenue: ERC CREDIT
total $2,407,156 · excluded $2,407,156
-
11c · Other revenue: GAIN ON NCI
total $1,107,776 · excluded $1,107,776
-
11d · All other revenue
total $2,363,816 · unrelated business $26,694 · excluded $2,337,122
-
11e · Other revenue, total
$16,738,385
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $33,672,722 · program services $33,672,722
-
3 · Grants to foreign organizations and individuals
total $5,703,954 · program services $5,703,954
-
5 · Compensation of officers, directors and key employees
total $2,363,000 · program services $976,903 · management and general $1,066,345 · fundraising $319,752
-
7 · Other salaries and wages
total $15,724,539 · program services $11,426,392 · management and general $3,336,423 · fundraising $961,724
-
8 · Pension plan contributions
total $855,788 · program services $580,632 · management and general $196,606 · fundraising $78,550
-
9 · Other employee benefits
total $3,222,293 · program services $2,343,598 · management and general $724,397 · fundraising $154,298
-
10 · Payroll taxes
total $1,404,194 · program services $913,489 · management and general $392,775 · fundraising $97,930
-
11a · Fees: management
total $191,735 · management and general $191,735
-
11b · Fees: legal
total $233,477 · management and general $233,477
-
11c · Fees: accounting
total $628,131 · management and general $628,131
-
11f · Fees: investment management
total $514,921 · management and general $514,921
-
11g · Fees: other
total $6,896,675 · program services $4,080,104 · management and general $2,370,069 · fundraising $446,502
-
12 · Advertising and promotion
total $144,287 · program services $100,239 · management and general $43,848 · fundraising $200
-
13 · Office expenses
total $3,280,816 · program services $2,343,309 · management and general $867,899 · fundraising $69,608
-
14 · Information technology
total $930,377 · program services $322,052 · management and general $608,119 · fundraising $206
-
15 · Royalties
total $2,000 · program services $2,000
-
16 · Occupancy
total $1,553,442 · program services $2,619 · management and general $1,550,823
-
17 · Travel
total $1,525,699 · program services $1,359,722 · management and general $80,775 · fundraising $85,202
-
19 · Conferences, conventions and meetings
total $210,997 · program services $194,373 · management and general $9,767 · fundraising $6,857
-
20 · Interest
total $555,279 · program services $216,330 · management and general $338,949
-
22 · Depreciation, depletion and amortization
total $4,145,440 · program services $2,993,563 · management and general $1,151,877
-
23 · Insurance
total $765,319 · management and general $765,319
-
24a · Other expenses: FOOD SERVICE
total $3,098,964 · program services $2,989,770 · management and general $68,303 · fundraising $40,891
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $818,012 · program services $121,440 · management and general $696,572
-
24c · Other expenses: COLLECTIONS
total $505,722 · program services $505,722
-
24d · Other expenses: UBIT TAX
total $15,657 · management and general $15,657
-
24e · All other expenses
total $1,686,497 · program services $1,686,497
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $93,608 · end of year $87,515
-
2 · Savings and temporary cash investments
beginning of year $7,129,035 · end of year $7,107,478
-
3 · Pledges and grants receivable
beginning of year $1,467,687 · end of year $4,288,169
-
4 · Accounts receivable
beginning of year $6,563,693 · end of year $3,085,035
-
7 · Other notes and loans receivable
beginning of year $17,933,570 · end of year $8,213,438
-
8 · Inventories for sale or use
beginning of year $7,949 · end of year $7,254
-
9 · Prepaid expenses and deferred charges
beginning of year $769,192 · end of year $763,133
-
10a · Land, buildings and equipment: cost or other basis
$214,243,453
-
10b · Land, buildings and equipment: accumulated depreciation
$106,175,648
-
10c · Land, buildings and equipment, net
beginning of year $66,534,505 · end of year $108,067,805
-
11 · Investments: publicly traded securities
beginning of year $80,346,677 · end of year $52,608,554
-
12 · Investments: other securities
beginning of year $13,161,047 · end of year $13,005,628
-
13 · Investments: program-related
beginning of year $16,300 · end of year $16,300
-
15 · Other assets
beginning of year $15,574,441 · end of year $4,402,533
-
17 · Accounts payable and accrued expenses
beginning of year $3,169,384 · end of year $1,689,810
-
19 · Deferred revenue
beginning of year $1,146,268 · end of year $574,813
-
20 · Tax-exempt bond liabilities
beginning of year $627,510 · end of year $623,342
-
23 · Secured mortgages and notes payable
beginning of year $10,137,651 · end of year $9,798,686
-
25 · Other liabilities
beginning of year $16,147,039 · end of year $3,948,057
-
27 · Net assets without donor restrictions
beginning of year $54,614,601 · end of year $62,380,455
-
28 · Net assets with donor restrictions
beginning of year $123,755,251 · end of year $122,637,679
Mission and programs · 2024
Mission
SEE SCHEDULE OBELOIT COLLEGE ENGAGES THE INTELLIGENCE, IMAGINATION, AND CURIOSITY OF ITS STUDENTS, EMPOWERING THEM TO LEAD FULFILLING LIVES MARKED BY HIGH ACHIEVEMENT, PERSONAL RESPONSIBILITY, AND PUBLIC CONTRIBUTION IN A DIVERSE SOCIETY. OUR EMPHASIS ON INTERNATIONAL AND INTERDISCIPLINARY PERSPECTIVES, THE INTEGRATION OF KNOWLEDGE WITH EXPERIENCE, AND CLOSE COLLABORATION AMONG PEERS, PROFESSORS, AND STAFF EQUIPS OUR STUDENTS TO APPROACH THE COMPLEX PROBLEMS OF THE WORLD ETHICALLY AND THOUGHTFULLY.
Activities or mission (Part I)
BELOIT COLLEGE IS A RESIDENTIAL, INDEPENDENT, NATIONAL LIBERAL ARTS COLLEGE AND WISCONSIN'S OLDEST CONTINUOUS INSTITUTION OF HIGHER LEARNING. THE COLLEGE IS A NATIONAL LEADER IN DELIVERING A RIGOROUS, TIME-TESTED LIBERAL ARTS EXPERIENCE THAT STUDENTS ARE REQUIRED TO APPLY AND TEST IN THEIR CHOSEN FIELDS OF STUDY, LOCAL COMMUNITY, SOCIAL ORGANIZATIONS AND AROUND THE WORLD. THE COLLEGE'S COMMITMENT TO ITS STUDENTS, FACULTY, STAFF, NAMESAKE CITY AND WORLD ARE CALLED OUT IN ITS MISSION STATEMENT, A STUDENT-RATIFIED STATEMENT OF CULTURE, AS WELL AS ITS PUBLIC COMMITMENTS TO INCLUSIVITY AND DIVERSITY, ACCESS, AND THE PUBLIC GOOD. TO LEARN MORE ABOUT BELOIT, VISIT WWW.BELOIT.EDU/OUR-STORY/.
-
ACADEMIC AND STUDENT PROGRAM: BELOIT COLLEGE, A LIBERAL ARTS COLLEGE FOUNDED ON THE WISCONSIN FRONTIER IN 1846, WAS BORN OUT OF A BELIEF THAT A PARTICULAR BRAND OF EDUCATION COULD ENERGIZE AND TRANSFORM LIVES, AND BY EXTENSION, THE WORLD. BELOIT CONTINUES TO BELIEVE THIS AND DELIVERS IT THROUGH A UNIQUE, INTEGRATED CURRICULUM THAT ENGAGES STUDENTS IN AN EXPLORATION OF IDEAS, COMPELS STUDENTS TO DEEPLY KNOW THEIR SUBJECTS, AND REQUIRES THEM TO DEMONSTRATE THAT THEY DO BY DEEPLY CONNECTING EDUCATION AND EXPERIENCE TO STUDENTS' FUTURE CAREERS AND LIVES. THAT FOCUS ON PROVIDING A RIGOROUS AND REWARDING EDUCATION AND PREPARATION HAS LONG SET THE COLLEGE AND ITS GRADUATES APART. HAILED AS ONE OF 40 "COLLEGES THAT CHANGE LIVES" BY FORMER NEW YORK TIMES EDUCATION EDITOR LOREN POPE, BELOIT OFFERS STUDENTS ACCESS TO MORE THAN 45 ACADEMIC PROGRAMS, MORE THAN 60 STUDENT CLUBS, 18 VARSITY SPORTS, AND COUNTLESS OTHER OPPORTUNITIES THAT RANGE FROM HANDS-ON FIELD AND INTERNSHIP EXPERIENCES BOTH LOCALLY AND GLOBALLY, TO COLLEGE-FUNDED STUDENT BUSINESS STARTUPS.DURING THE 2024-25 ACADEMIC YEAR, THE COLLEGE SERVED 1,004 STUDENTS FROM 39 COUNTRIES, 45 STATES, AND THE DISTRICT OF COLUMBIA. THE COLLEGE OFFERED COURSES IN FALL, SPRING, AND SUMMER SESSIONS AND PROVIDED EDUCATIONAL SERVICES BOTH DOMESTICALLY AND THROUGH STUDY ABROAD PROGRAMS. THE COLLEGE GRADUATED 256 STUDENTS DURING THE YEAR, WHILE PROVIDING FINANCIAL ASSISTANCE TO 99 PERCENT OF DEGREE-SEEKING STUDENTS.ENROLLMENT AND DEVELOPMENT: DURING THE RECRUITMENT CYCLE FOR STUDENTS STARTING IN FALL 2024, THE COLLEGE RECEIVED 3,853 APPLICATIONS FROM FIRST-TIME, DEGREE-SEEKING STUDENTS. THE 224 STUDENTS WHO ENROLLED WILL GRADUATE AS THE CLASS OF 2028. THE COLLEGE CONTINUES TO RECEIVE RECOGNITION FROM EXTERNAL EVALUATORS AND PEERS ACROSS THE COUNTRY FOR THE QUALITY OF ITS UNDERGRADUATE TEACHING, CURRICULAR INNOVATIONS, ENTREPRENEURIAL AND STUDY ABROAD PROGRAMS, AND MORE. THESE REPUTATIONAL MEASURES, WHICH REFLECT THE COLLEGE'S INCREASING VISIBILITY, INCLUDE BEING NAMED THE #5 MOST INNOVATIVE SCHOOL BY U.S. NEWS & WORLD REPORT AND BEING ON THE NAMED LISTS FOR "BEST UNDERGRADUATE TEACHING," "FIRST YEAR EXPERIENCE TO LOOK FOR AND "MOST INTERNATIONAL STUDENTS." U.S. NEWS & WORLD REPORT RANKS BELOIT COLLEGE NATIONALLY AT #80 AMONG LIBERAL ARTS COLLEGES.
Expenses $72,535,430 · Grants $39,376,676 · Revenue $62,332,967
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mr Donald CarsonMR DONALD CARSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Christopher D BartolMR CHRISTOPHER D BARTOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Alex CatalanMR ALEX CATALAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Steve EldredMR STEVE ELDRED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Raj FernandoMR RAJ FERNANDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bill FitzgeraldMR BILL FITZGERALD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Paul FosterMR PAUL FOSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Lesley FreemanMS LESLEY FREEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Jo FromanMS JO FROMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Alan GeorgeMR ALAN GEORGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Al GerhardsteinMR AL GERHARDSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Phee Boon KangMR PHEE BOON KANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Donald KentMR DONALD KENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Tori J KeyMS TORI J KEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Joanna KutterMS JOANNA KUTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Stephen MahleMR STEPHEN MAHLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jonathan MasonMR JONATHAN MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Cecily MajerusMS CECILY MAJERUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Tim McKevettMR TIM MCKEVETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Zach MessitteMR ZACH MESSITTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Judith MillerMS JUDITH MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Dick NiemiecMR DICK NIEMIEC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Sudha Pavuluri Quamme MDMS SUDHA PAVULURI QUAMME MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Angela RussellMS ANGELA RUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Roy SchneidermanMR ROY SCHNEIDERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Robert ShawMR ROBERT SHAW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Thomas WalcottMR THOMAS WALCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Nina WeissbergMS NINA WEISSBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Don WyattMR DON WYATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Eric BoyntonMR ERIC BOYNTON
PRESIDENT
- Total calculated
- $398,099
- From this org
- $336,926
- From related orgs
- $0
- Other
- $61,173
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $321,926
- Bonus
- $0
- Other
- $15,000
- Deferred
- $24,150
- Nontaxable benefits
- $37,023
- Filer's total
- $398,099
-
Mr Daniel SchooffMR DANIEL SCHOOFF
VP DEVELOPMENT UNTIL 2/18/25
- Total calculated
- $236,589
- From this org
- $185,426
- From related orgs
- $0
- Other
- $51,163
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,426
- Bonus
- $0
- Other
- $0
- Deferred
- $14,140
- Nontaxable benefits
- $37,023
- Filer's total
- $236,589
-
Mr Cecil YoungbloodMR CECIL YOUNGBLOOD
DEAN OF STUDENTS UNTIL 12/31/24
- Total calculated
- $205,477
- From this org
- $178,880
- From related orgs
- $0
- Other
- $26,597
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,880
- Bonus
- $0
- Other
- $0
- Deferred
- $12,806
- Nontaxable benefits
- $13,791
- Filer's total
- $205,477
-
Ms Donna Oliver InterimMS DONNA OLIVER INTERIM
PROVOST AND DEAN OF THE COLLEGE
- Total calculated
- $206,759
- From this org
- $182,024
- From related orgs
- $0
- Other
- $24,735
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,024
- Bonus
- $0
- Other
- $0
- Deferred
- $12,726
- Nontaxable benefits
- $12,009
- Filer's total
- $206,759
-
Ms Tiffany CipolloneMS TIFFANY CIPOLLONE
VP OF DEVELOPMENT
- Total calculated
- $166,561
- From this org
- $134,698
- From related orgs
- $0
- Other
- $31,863
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,618
- Bonus
- $0
- Other
- $4,080
- Deferred
- $9,812
- Nontaxable benefits
- $22,051
- Filer's total
- $166,561
-
Ms Lorraine RheadMS LORRAINE RHEAD
VICE PRESIDENT FOR HR & OPERATIONS
- Total calculated
- $179,491
- From this org
- $179,491
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $179,491
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $179,491
-
Mr Timothy J Leslie Vp OfMR TIMOTHY J LESLIE VP OF
FINANCE, STRATEGY & OPERATIONS
- Total calculated
- $164,029
- From this org
- $121,176
- From related orgs
- $0
- Other
- $42,853
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,176
- Bonus
- $0
- Other
- $0
- Deferred
- $4,856
- Nontaxable benefits
- $37,997
- Filer's total
- $164,029
-
Ms Ellenor AnderbyrneMS ELLENOR ANDERBYRNE
SECRETARY/CHIEF OF STAFF
- Total calculated
- $139,591
- From this org
- $90,155
- From related orgs
- $0
- Other
- $49,436
- Hours/week
- 40
-
Ms Karen SchedinMS KAREN SCHEDIN
VP FOR ENROLLMENT
- Total calculated
- $196,301
- From this org
- $173,731
- From related orgs
- $0
- Other
- $22,570
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,586
- Bonus
- $0
- Other
- $6,145
- Deferred
- $11,973
- Nontaxable benefits
- $10,597
- Filer's total
- $196,301
-
Ms Beth YoungMS BETH YOUNG
VP, CFO & TREASURER AS OF 11/24
- Total calculated
- $17,388
- From this org
- $16,250
- From related orgs
- $0
- Other
- $1,138
- Hours/week
- 40
-
Mr Rongal WatsonMR RONGAL WATSON
DEAN OF STUDENTS & ASSOC. PROVOST
- Total calculated
- $130,912
- From this org
- $90,495
- From related orgs
- $0
- Other
- $40,417
- Hours/week
- 40
-
Mr Edward WilderMR EDWARD WILDER
CHIEF INFORMATION CENTER
- Total calculated
- $180,598
- From this org
- $136,839
- From related orgs
- $0
- Other
- $43,759
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,839
- Bonus
- $0
- Other
- $0
- Deferred
- $10,477
- Nontaxable benefits
- $33,282
- Filer's total
- $180,598
-
Ms Elizabeth ConliskMS ELIZABETH CONLISK
CHIEF COMMUNICATIONS OFFICER
- Total calculated
- $133,875
- From this org
- $133,875
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mr Oswaldo VoysestMR OSWALDO VOYSEST
ASSOC. PROFESSOR, MOD. LANG. & LIT.
- Total calculated
- $137,379
- From this org
- $110,765
- From related orgs
- $0
- Other
- $26,614
- Hours/week
- 40
-
Ms Martha StolzeMS MARTHA STOLZE
DIRECTOR OF ADMISSIONS
- Total calculated
- $152,078
- From this org
- $107,444
- From related orgs
- $0
- Other
- $44,634
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,444
- Bonus
- $0
- Other
- $0
- Deferred
- $8,611
- Nontaxable benefits
- $36,023
- Filer's total
- $152,078
-
Ms Yaffa GrossmanMS YAFFA GROSSMAN
REGISTRAR
- Total calculated
- $130,460
- From this org
- $105,584
- From related orgs
- $0
- Other
- $24,876
- Hours/week
- 40
-
Dr H Scott BiermanDR H SCOTT BIERMAN
FORMER PRESIDENT
- Total calculated
- $217,092
- From this org
- $191,338
- From related orgs
- $0
- Other
- $25,754
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $191,338
- Bonus
- $0
- Other
- $0
- Deferred
- $13,627
- Nontaxable benefits
- $12,127
- Filer's total
- $217,092
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT OF $15,000. THIS BENEFIT IS TREATED AS OTHER TAXABLE COMPENSATION TO ERIC BOYNTON. TIFFANY CIPOLLONE RECEIVED A HOUSING ALLOWANCE OF $4,080 FOR 2024. KAREN SCHEDIN RECEIVED A HOUSING ALLOWANCE OF $6,145 FOR 2024. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/PERSONAL SERVICES: AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF BELOIT COLLEGE IS REQUIRED TO RESIDE IN THE PRESIDENT'S HOUSE. THE PRESIDENT'S HOUSE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE CARRYING ON OF COLLEGE BUSINESS REGULARLY. THE COLLEGE HAS DETERMINED THAT THE VALUE OF THE USE OF THIS PERSONAL RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED FOR IN INTERNAL REVENUE CODE SECTION 119. CONSISTENT WITH THE USE OF THE RESIDENCE AS A VENUE FOR COLLEGE BUSINESS. THE VALUE OF THE HOUSING ALLOWANCE WAS $29,139 IN 2024.
- PART I, LINE 4A
- THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS WHICH WERE REPORTED AS TAXABLE COMPENSATION ON PART II, COLUMN (B)(III): LORRAINE RHEAD - $179,491
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BELOIT POWERHOUSE LLC
EXCLUDED · OWNING & RENOVATING PROPERTY · WI · 0.01% owned · share of income -$88 · share of assets $2,008 · general or managing partner
Directly controlled by BELOIT POWERHOUSE HOLDINGS II
-
POWERHOUSE MASTER TENANT LLC
EXCLUDED · OWNING & RENOVATING PROPERTY · WI
Directly controlled by BELOIT POWERHOUSE HOLDINGS II
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (11)
T · CHARITABLE TRUST · WI · controlled entity
Directly controlled by BELOIT COLLEGE
-
BELOIT POWERHOUSE HOLDINGS INC
C · OWNING & RENOVATING PROPERTY · WI · 100% owned · share of income -$43,912 · share of assets $1,002,944 · controlled entity
Directly controlled by BELOIT COLLEGE
-
BELOIT POWERHOUSE HOLDINGS II LLC
C · OWNING & RENOVATING PROPERTY · WI · 100% owned · share of income -$833,018 · share of assets $19,120,939 · controlled entity
Directly controlled by BELOIT COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601349349305210
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.