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Nonprofiteer
← GOLDEY BEACOM COLLEGE INC

Form 990 for tax year 2023

Filed by GOLDEY BEACOM COLLEGE INC.

Totals

Total revenue
$26,268,953
Total expenses
$28,089,811
Contributions and grants received
$283,167
Grants paid
$5,478,470
Program service revenue
$16,812,330
Investment income
$8,701,349
Other revenue
$472,107
Total assets, end of year
$243,469,111
Total liabilities, end of year
$19,823,645
Net assets or fund balances, end of year
$223,645,466
Program services expenses (Part IX)
$22,463,800
Management and general expenses
$5,048,799
Fundraising expenses
$577,212
Program service expenses (Part III)
$22,463,800

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CORNELIA N WINNER EDD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARK R OLAZAGASTI

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • R JEFFREY JOHNSON

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LEE H BURSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAVED GILANI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DORRELL GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIKA JORGENSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NOREEN D LASORSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOAN VERBONITZ PANIK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN J PATTERSON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MELODY PHILLIPS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARCIA B WOOD CPA CGMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN PERRY KEITH

    PRESIDENT

    Total calculated
    $425,488
    From this org
    $392,380
    From related orgs
    $0
    Other
    $33,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,247
    Bonus
    $26,945
    Other
    $1,188
    Deferred
    $32,670
    Nontaxable benefits
    $438
    Filer's total
    $425,488

  • CHARLES HAMMOND

    VP OPERATIONS AND PLANNING

    Total calculated
    $222,909
    From this org
    $204,275
    From related orgs
    $0
    Other
    $18,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,805
    Bonus
    $6,200
    Other
    $270
    Deferred
    $17,766
    Nontaxable benefits
    $868
    Filer's total
    $222,909

  • SUSAN MANNERING

    VP FINANCE/CFO

    Total calculated
    $223,020
    From this org
    $166,552
    From related orgs
    $0
    Other
    $56,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,863
    Bonus
    $5,095
    Other
    $3,594
    Deferred
    $13,669
    Nontaxable benefits
    $42,799
    Filer's total
    $223,020

  • JOEL WORDEN

    VP ACADEMIC AFFAIRS/PROVOST

    Total calculated
    $228,575
    From this org
    $173,151
    From related orgs
    $0
    Other
    $55,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,531
    Bonus
    $350
    Other
    $270
    Deferred
    $14,783
    Nontaxable benefits
    $40,641
    Filer's total
    $228,575

  • PETER RYSAVY

    CIO

    Total calculated
    $168,354
    From this org
    $142,601
    From related orgs
    $0
    Other
    $25,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,071
    Bonus
    $350
    Other
    $180
    Deferred
    $11,070
    Nontaxable benefits
    $14,683
    Filer's total
    $168,354

  • SCOTT GLENN

    ASSISTANT PROFESSOR

    Total calculated
    $130,559
    From this org
    $123,514
    From related orgs
    $0
    Other
    $7,045
    Hours/week
    40

  • LARRY EBY

    EX. DIR. INSTITUTIONAL ADVANCEMENT

    Total calculated
    $155,246
    From this org
    $112,771
    From related orgs
    $0
    Other
    $42,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,861
    Bonus
    $3,884
    Other
    $1,026
    Deferred
    $9,272
    Nontaxable benefits
    $33,203
    Filer's total
    $155,246

  • JEREMY BENOIT

    ATHLETIC DIRECTOR

    Total calculated
    $130,649
    From this org
    $112,389
    From related orgs
    $0
    Other
    $18,260
    Hours/week
    40

  • FATMA ABDEL-RAOUF

    PROFESSOR

    Total calculated
    $145,333
    From this org
    $110,227
    From related orgs
    $0
    Other
    $35,106
    Hours/week
    40

  • KRISTINE SANTOMAURO

    FORMER EX. VICE PRESIDENT

    Total calculated
    $213,346
    From this org
    $179,701
    From related orgs
    $0
    Other
    $33,645
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $150,514
    Bonus
    $28,800
    Other
    $387
    Deferred
    $15,818
    Nontaxable benefits
    $17,827
    Filer's total
    $213,346

  • ALISON WHITE

    FORMER VP ACAD AFFAIRS/PROVOST

    Total calculated
    $135,307
    From this org
    $118,194
    From related orgs
    $0
    Other
    $17,113
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $94,293
    Bonus
    $22,758
    Other
    $1,143
    Deferred
    $9,006
    Nontaxable benefits
    $8,107
    Filer's total
    $135,307

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING ALLOWANCE - THE COLLEGE'S PRESIDENT IS REQUIRED TO LIVE IN AN ON CAMPUS RESIDENCE. THE ARRANGEMENT MEETS THE IRC EXCLUSION FROM GROSS INCOME AND IS THEREFORE EXCLUDED FROM COMPENSATION REPORTED ON THE PRESIDENT'S FORM W-2.
PART I, LINE 7
THE NON-FIXED PAYMENTS WERE BONUS PAYMENTS TO THE PRESIDENT OF THE COLLEGE WHICH ARE BASED UPON ACHIEVING DOCUMENTED GOALS. THIS TYPE OF COMPENSATION IS PURSUANT TO THE COLLEGE'S COMPENSATION PROCESS WHICH ENSURES THAT THE AMOUNT OF TOTAL COMPENSATION, DETERMINED BY THE BOARD OF TRUSTEES, IS FAIR AND REASONABLE.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349304014

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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