Skip to content
Nonprofiteer
← MONMOUTH COLLEGE

Form 990 for tax year 2022

Filed by MONMOUTH COLLEGE.

Totals

Total revenue
$55,523,585
Total expenses
$59,122,199
Contributions and grants received
$7,082,346
Grants paid
$22,154,787
Program service revenue
$38,488,716
Investment income
$3,711,360
Other revenue
$6,241,163
Total assets, end of year
$224,587,143
Total liabilities, end of year
$29,264,954
Net assets or fund balances, end of year
$195,322,189
Program services expenses (Part IX)
$52,164,403
Management and general expenses
$6,445,241
Fundraising expenses
$512,555
Program service expenses (Part III)
$52,164,403

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK KOPINSKI

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RALPH VELAZQUEZ JR

    TRUSTEE, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS R CARLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL COTTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT DAHL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARVEY ECHOLS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR NANCY SPEER ENGQUIST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE FARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBIN GALLOWAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GOLDSBOROUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN GOODWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AUGUSTIN HART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAHENDRAN JAWAHARLAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • F AUSTIN JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN KEMP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV ROBERT C MCCONNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL B MCCULLEY ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J ALEX MCGEHEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRAD NAHRSTADT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GAIL OWEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J HUNTER PEACOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J STANLEY PEPPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY J PERZIGIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENNIS M PLUMMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANITA RIDGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN ROMAINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THE HON JOHN J SCOTILLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR CARLOS F SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHERMAN SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY L SNOWDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DWIGHT TIERNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH BOWDOIN TYRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEAN PETERS WITTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACKIE BELL ZACHMEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW KERR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARYBETH KEMP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROY SYE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLARENCE R WYATT

    PRESIDENT

    Total calculated
    $368,538
    From this org
    $335,497
    From related orgs
    $0
    Other
    $33,041
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $335,497
    Bonus
    $0
    Other
    $0
    Deferred
    $21,350
    Nontaxable benefits
    $11,691
    Filer's total
    $368,538

  • AMY WARRINGTON

    SECRETARY (THRU 1.31.23)

    Total calculated
    $54,873
    From this org
    $42,156
    From related orgs
    $0
    Other
    $12,717
    Hours/week
    40

  • JODI FORRESTER

    SECRETARY (START 3.20.23)

    Total calculated
    $0
    Hours/week
    40

  • LORI A FERGUSON

    ASSISTANT SECRETARY (THRU 8.1.22)

    Total calculated
    $49,936
    From this org
    $46,587
    From related orgs
    $0
    Other
    $3,349
    Hours/week
    40

  • HOLLY THARP

    ASSISTANT TREASURER

    Total calculated
    $141,988
    From this org
    $124,320
    From related orgs
    $0
    Other
    $17,668
    Hours/week
    40

  • JEVANIE GILLEN

    ASSISTANT SECRETARY (START 8.1.22)

    Total calculated
    $43,887
    From this org
    $33,882
    From related orgs
    $0
    Other
    $10,005
    Hours/week
    40

  • MARK WILLHARDT

    VP ACADEMIC AFFAIRS, DEAN OF FACULTY

    Total calculated
    $180,319
    From this org
    $158,991
    From related orgs
    $0
    Other
    $21,328
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,991
    Bonus
    $0
    Other
    $0
    Deferred
    $11,550
    Nontaxable benefits
    $9,778
    Filer's total
    $180,319

  • CHRISTINE JOHNSTON

    INSTITUTIONAL RESEARCH

    Total calculated
    $119,867
    From this org
    $104,726
    From related orgs
    $0
    Other
    $15,141
    Hours/week
    50

  • HANNAH MAHER

    VP OF DEVELOPMENT

    Total calculated
    $171,528
    From this org
    $160,167
    From related orgs
    $0
    Other
    $11,361
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,167
    Bonus
    $0
    Other
    $0
    Deferred
    $10,792
    Nontaxable benefits
    $569
    Filer's total
    $171,528

  • KAREN OGORZALEK

    VP OF STUDENT LIFE, DEAN OF STUDENTS

    Total calculated
    $134,895
    From this org
    $118,122
    From related orgs
    $0
    Other
    $16,773
    Hours/week
    50

  • MICHELLE MERRITT

    VP OF STUDENT SUCCESS

    Total calculated
    $131,431
    From this org
    $115,057
    From related orgs
    $0
    Other
    $16,374
    Hours/week
    50

  • DUANE BONIFER

    AVP OF COMMUNICATIONS

    Total calculated
    $118,839
    From this org
    $100,435
    From related orgs
    $0
    Other
    $18,404
    Hours/week
    50

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 · First-class or charter travel
  • 1a · Travel for companions
  • 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE PRESIDENT OF THE COLLEGE IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HIS EMPLOYMENT, CUSTODIAL CARE IS PROVIDED AT HIS RESIDENCE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 April 2024
IRS schema version
2022v5.0
Source object
202411069349301531

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.