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Nonprofiteer
← BELOIT COLLEGE

Form 990 for tax year 2023

Filed by BELOIT COLLEGE.

Totals

Total revenue
$82,394,916
Total expenses
$85,855,097
Contributions and grants received
$19,199,889
Grants paid
$36,974,856
Program services expenses (Part IX)
$67,541,734
Management and general expenses
$16,302,827
Fundraising expenses
$2,010,536
Program service expenses (Part III)
$67,541,734

Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR DICK NIEMIEC

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MS PHYLLIS WOLFF BANUCCI

    TRUSTEE (UNTIL 08/01/23)

    Total calculated
    $0
    Hours/week
    1

  • MR CHRISTOPHER D BARTOL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR OSCAR CARDONA JR

    TRUSTEE (UNTIL 12/31/23)

    Total calculated
    $0
    Hours/week
    1

  • MR DONALD CARSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ALEX CATALAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RAJ FERNANDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR BILL FITZGERALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PAUL FOSTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JO FROMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ALAN GEORGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS OCEANA R GILLIAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PHEE BOON KANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR DONALD KENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS TORI J KEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JOANNA KUTTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR STEPHEN MAHLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS CECILY MAJERUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR TIM MCKEVETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ZACH MESSITTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JUDITH A MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS O'NEILL

    TRUSTEE (UNTIL 10/31/23)

    Total calculated
    $0
    Hours/week
    1

  • MS SUDHA PAVULURI QUAMME MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS MARGARET ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS ANGELA RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ROY SCHNEIDERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT SHAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS WALCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS NINA WEISSBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR DON WYATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT YOUNG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS LESLIE DAVIDSON

    VP OF ENROLLMENT (UNTIL 09/29/23)

    Total calculated
    $142,202
    From this org
    $133,124
    From related orgs
    $0
    Other
    $9,078
    Hours/week
    40

  • MR ERIC BOYNTON

    PRESIDENT

    Total calculated
    $374,185
    From this org
    $275,045
    From related orgs
    $0
    Other
    $99,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,539
    Bonus
    $0
    Other
    $22,506
    Deferred
    $24,500
    Nontaxable benefits
    $74,640
    Filer's total
    $374,185

  • MS DONNA OLIVER

    PROVOST AND DEAN OF THE COLLEGE

    Total calculated
    $182,932
    From this org
    $157,283
    From related orgs
    $0
    Other
    $25,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,283
    Bonus
    $0
    Other
    $0
    Deferred
    $13,640
    Nontaxable benefits
    $12,009
    Filer's total
    $182,932

  • MS ERICA DANIELS SECRETARY

    & CHIEF OF STAFF (UNTIL 05/31/24)

    Total calculated
    $130,227
    From this org
    $121,459
    From related orgs
    $0
    Other
    $8,768
    Hours/week
    40

  • MS ELLENOR ANDERBYRNE

    SECRETARY/CHIEF OF STAFF

    Total calculated
    $0
    Hours/week
    40

  • MS KAREN SCHEDIN

    VP FOR ENROLLMENT

    Total calculated
    $0
    Hours/week
    40

  • MS STACIE T SCOTT TREASVP

    FINANCE & PLANNING (UNTIL 3/22/24)

    Total calculated
    $221,727
    From this org
    $200,495
    From related orgs
    $0
    Other
    $21,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,495
    Bonus
    $0
    Other
    $0
    Deferred
    $10,478
    Nontaxable benefits
    $10,754
    Filer's total
    $221,727

  • MR DANIEL SCHOOFF

    VP ADVANCEMENT

    Total calculated
    $234,949
    From this org
    $184,426
    From related orgs
    $0
    Other
    $50,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,426
    Bonus
    $0
    Other
    $0
    Deferred
    $14,000
    Nontaxable benefits
    $36,523
    Filer's total
    $234,949

  • MR CECIL YOUNGBLOOD

    DEAN OF EQUITY, COMMUNITY & STUDENT

    Total calculated
    $201,001
    From this org
    $171,954
    From related orgs
    $0
    Other
    $29,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,954
    Bonus
    $0
    Other
    $0
    Deferred
    $12,556
    Nontaxable benefits
    $16,491
    Filer's total
    $201,001

  • MS LORRAINE RHEAD VP OF HR

    & OPERATIONS (UNTIL 12/31/23)

    Total calculated
    $154,587
    From this org
    $133,028
    From related orgs
    $0
    Other
    $21,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,028
    Bonus
    $0
    Other
    $0
    Deferred
    $5,186
    Nontaxable benefits
    $16,373
    Filer's total
    $154,587

  • MS YAFFA GROSSMAN

    REGISTRAR

    Total calculated
    $129,437
    From this org
    $104,790
    From related orgs
    $0
    Other
    $24,647
    Hours/week
    40

  • MS MARTHA STOLZE

    DIRECTOR OF ADMISSIONS

    Total calculated
    $151,975
    From this org
    $108,626
    From related orgs
    $0
    Other
    $43,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,626
    Bonus
    $0
    Other
    $0
    Deferred
    $8,526
    Nontaxable benefits
    $34,823
    Filer's total
    $151,975

  • MR EDWARD WILDER

    CHIEF INFORMATION OFFICER

    Total calculated
    $179,612
    From this org
    $136,557
    From related orgs
    $0
    Other
    $43,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,557
    Bonus
    $0
    Other
    $0
    Deferred
    $10,373
    Nontaxable benefits
    $32,682
    Filer's total
    $179,612

  • MR DAVID DEGEORGE

    DIRECTOR OF ATHLETICS

    Total calculated
    $107,663
    From this org
    $100,450
    From related orgs
    $0
    Other
    $7,213
    Hours/week
    40

  • MS HEATHER MCLEAN

    ASSOCIATE VP - HUMAN RESOURCES

    Total calculated
    $109,636
    From this org
    $102,500
    From related orgs
    $0
    Other
    $7,136
    Hours/week
    40

  • DR H SCOTT BIERMAN

    FORMER PRESIDENT

    Total calculated
    $441,398
    From this org
    $388,925
    From related orgs
    $0
    Other
    $52,473
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $388,925
    Bonus
    $0
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $29,373
    Filer's total
    $441,398

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 — 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 · 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

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
DISCRETIONARY SPENDING ACCOUNT: THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT OF $15,000. THIS BENEFIT IS TREATED AS OTHER TAXABLE COMPENSATION TO ERIC BOYNTON. 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, A PART-TIME HOUSEKEEPER IS ASSIGNED TO CLEAN UP AND ASSIST WITH SUCH USE. THE VALUE OF THIS BENEFIT WAS $0 IN 2023. THE VALUE OF THE HOUSING ALLOWANCE WAS $37,892 IN 2023.

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
6 May 2025
IRS schema version
2023v6.0
Source object
202541299349302199

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