Nonprofit · EIN 37-0661228
MONMOUTH COLLEGE
Tax-exempt · MONMOUTH, IL 61462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $58,677,927 | $58,236,754 | $441,173 | $241,007,189 | $25,755,500 | $215,251,689 |
| June 30, 2024 | 990 | $66,159,833 | $59,639,184 | $6,520,649 | $241,999,136 | $31,120,397 | $210,878,739 |
| June 30, 2023 | 990 | $55,523,585 | $59,122,199 | -$3,598,614 | $224,587,143 | $29,264,954 | $195,322,189 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,466,059
- of which government grants
- $125,392
- Program service revenue
- $38,053,713
- Investment income
- $9,981,527
- Net rental income
- $487,241
- Net gain from sales of assets
- $7,415,044
- Other revenue
- $3,176,628
Expenses
- Grants and similar amounts paid
- $21,594,260
- Compensation of officers, directors and key employees
- $954,506
- Other salaries and wages
- $12,471,093
- Salaries, compensation and benefits (total)
- $16,852,835
- Professional fundraising fees
- $0
- Legal fees
- $241,971
- Occupancy
- $2,153,558
- Travel
- $624,822
- Depreciation
- $4,191,930
- Program services (functional)
- $51,861,234
- Management and general (functional)
- $5,838,219
- Fundraising (functional)
- $537,301
Balance sheet and other
- Total assets, start of year
- $241,999,136
- Total assets, end of year
- $241,007,189
- Total liabilities, end of year
- $25,755,500
- Net assets, end of year
- $215,251,689
- Land, buildings and equipment
- $111,520,389
- Publicly traded securities
- $118,547,874
- Net assets without donor restrictions
- $86,978,707
- Net assets with donor restrictions
- $128,272,982
- Gross receipts
- $96,994,656
- Employees
- 656
- Volunteers
- 41
- Year formed
- 1853
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLARENCE WYATT END 063024 | PRESIDENT Officer | 50 | $591,604 | $18,025 |
| MARK WILLHARDT | VP ACADEMIC AFFAIRS, DEAN OF FACULTY Key employee | 50 | $307,140 | $20,825 |
| STEPHANIE LEVENSON | VP OF ENROLLMENT MANAGEMENT Highest-paid employee | 50 | $164,102 | $27,259 |
| HOLLY THARP | TREASURER, VP OF FINANCE & BUSINESS Officer | 50 | $169,644 | $21,009 |
| HANNAH MAHER | VP OF DEVELOPMENT Highest-paid employee | 50 | $172,731 | $12,298 |
| PATRICIA DRAVES | PRESIDENT Officer | 50 | $158,401 | $13,453 |
| KAREN OGORZALEK | VP OF STUDENT LIFE, DEAN OF STUDENTS Highest-paid employee | 50 | $124,252 | $17,392 |
| MICHELLE MERRITT | VP OF STUDENT SUCCESS Highest-paid employee | 50 | $120,745 | $19,930 |
| KATHERINE WALL | ASSISTANT TREASURER, CONTROLLER Officer | 40 | $78,462 | $5,787 |
| JEVANIE GILLEN | ASSISTANT SECRETARY Officer | 40 | $40,374 | $10,568 |
| JODI FORRESTER | SECRETARY Officer | 40 | $42,325 | $3,075 |
| MARK KOPINKSKI | TRUSTEE, CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RALPH VELAZQUEZ JR | TRUSTEE, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS R CARLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL A COTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL DICKSON | TRUSTEE Trustee or director | 1 | $0 |
| HARVEY L ECHOLS | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTINE FARR | TRUSTEE Trustee or director | 1 | $0 |
| ROBIN GALLOWAY | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM GOLDSBOROUGH | TRUSTEE Trustee or director | 1 | $0 |
| AUGUSTIN HART | TRUSTEE Trustee or director | 1 | $0 |
| MAHENDRAN JAWAHARLAL | TRUSTEE Trustee or director | 1 | $0 |
| F AUSTIN JONES | TRUSTEE Trustee or director | 1 | $0 |
| REV ROBERT C MCCONNELL | TRUSTEE Trustee or director | 1 | $0 |
| PAMELA MEANES | TRUSTEE Trustee or director | 1 | $0 |
| BRADLEY NAHRSTADT | TRUSTEE Trustee or director | 1 | $0 |
| GAIL OWEN | TRUSTEE Trustee or director | 1 | $0 |
| ANTHONY J PERZIGIAN | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS PLUMMER | TRUSTEE Trustee or director | 1 | $0 |
| ANITA RIDGE | TRUSTEE Trustee or director | 1 | $0 |
| TIM SALIER | TRUSTEE Trustee or director | 1 | $0 |
| THE HON JOHN J SCOTILLO | TRUSTEE Trustee or director | 1 | $0 |
| DR CARLOS F SMITH | TRUSTEE Trustee or director | 1 | $0 |
| NANCY L SNOWDEN | TRUSTEE Trustee or director | 1 | $0 |
| MARK TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| JEAN PETERS WITTY | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLARENCE R WYATT | PRESIDENT (END 6/30/2024) Officer | 50 | $335,459 | $35,000 |
| STEPHANIE LEVENSON | VP, ENROLLMENT MANAGEMENT Highest-paid employee | 40 | $177,331 | $24,740 |
| HOLLY THARP | TREASURER Officer | 50 | $170,608 | $21,251 |
| MARK WILLHARDT | VP ACADEMIC AFFAIRS, DEAN OF FACULTY Key employee | 40 | $163,252 | $20,146 |
| HANNAH MAHER | VP OF DEVELOPMENT Highest-paid employee | 40 | $166,000 | $11,790 |
| KAREN OGORZALEK | VP OF STUDENT LIFE, DEAN OF STUDENTS Highest-paid employee | 50 | $126,752 | $17,567 |
| MICHELLE MERRITT | VP OF STUDENT SUCCESS Highest-paid employee | 50 | $119,581 | $16,854 |
| KATHERINE WALL | ASSISTANT TREASURER Officer | 40 | $80,000 | $4,295 |
| JEVANIE GILLEN | ASSISTANT SECRETARY Officer | 40 | $52,104 | $10,573 |
| JODI FORRESTER | SECRETARY Officer | 50 | $33,510 | $2,349 |
| MARK KOPINSKI | TRUSTEE, CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RALPH VELAZQUEZ JR | TRUSTEE, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS R CARLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL COTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN DICKSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HARVEY ECHOLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE FARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBIN GALLOWAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM GOLDSBOROUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN GOODWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AUGUSTIN HART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAHENDRAN JAWAHARLAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| F AUSTIN JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J ALEX MCGEHEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV ROBERT C MCCONNELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL B MCCULLEY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAMELA MEANES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAD NAHRSTADT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GAIL OWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIM SALIER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J STANLEY PEPPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY J PERZIGIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENNIS M PLUMMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANITA RIDGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THE HON JOHN J SCOTILLO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR CARLOS F SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY L SNOWDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DWIGHT TIERNEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEAN PETERS WITTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK TUPPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARYBETH KEMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROY SYE | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 50 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLARENCE R WYATT | PRESIDENT Officer | 50 | $335,497 | $33,041 |
| MARK WILLHARDT | VP ACADEMIC AFFAIRS, DEAN OF FACULTY Key employee | 50 | $158,991 | $21,328 |
| HANNAH MAHER | VP OF DEVELOPMENT Highest-paid employee | 50 | $160,167 | $11,361 |
| HOLLY THARP | ASSISTANT TREASURER Officer | 40 | $124,320 | $17,668 |
| KAREN OGORZALEK | VP OF STUDENT LIFE, DEAN OF STUDENTS Highest-paid employee | 50 | $118,122 | $16,773 |
| MICHELLE MERRITT | VP OF STUDENT SUCCESS Highest-paid employee | 50 | $115,057 | $16,374 |
| CHRISTINE JOHNSTON | INSTITUTIONAL RESEARCH Highest-paid employee | 50 | $104,726 | $15,141 |
| DUANE BONIFER | AVP OF COMMUNICATIONS Highest-paid employee | 50 | $100,435 | $18,404 |
| AMY WARRINGTON | SECRETARY (THRU 1.31.23) Officer | 40 | $42,156 | $12,717 |
| LORI A FERGUSON | ASSISTANT SECRETARY (THRU 8.1.22) Officer | 40 | $46,587 | $3,349 |
| JEVANIE GILLEN | ASSISTANT SECRETARY (START 8.1.22) Officer | 40 | $33,882 | $10,005 |
| MARK KOPINSKI | TRUSTEE, CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RALPH VELAZQUEZ JR | TRUSTEE, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS R CARLSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL COTTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT DAHL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HARVEY ECHOLS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR NANCY SPEER ENGQUIST | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE FARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBIN GALLOWAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM GOLDSBOROUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN GOODWIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AUGUSTIN HART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAHENDRAN JAWAHARLAL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| F AUSTIN JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN KEMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV ROBERT C MCCONNELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL B MCCULLEY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J ALEX MCGEHEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAD NAHRSTADT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GAIL OWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J HUNTER PEACOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J STANLEY PEPPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY J PERZIGIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENNIS M PLUMMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANITA RIDGE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN ROMAINE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THE HON JOHN J SCOTILLO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR CARLOS F SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHERMAN SMITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY L SNOWDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DWIGHT TIERNEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BETH BOWDOIN TYRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEAN PETERS WITTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACKIE BELL ZACHMEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW KERR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARYBETH KEMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROY SYE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JODI FORRESTER | SECRETARY (START 3.20.23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 E BROADWAY, MONMOUTH, IL 61462-1963
- In care of
- % DONALD GLADFELTER
- Principal officer (990 for 2024)
- HOLLY THARP, 700 EAST BROADWAY, MONMOUTH, IL 61462
- Signed the 990
- HOLLY THARP, VP OF FINANCE AND BUSINESS
- Phone
- (309) 457-2125
- Website
- WWW.MONMOUTHCOLLEGE.EDU
- Return prepared by
- SIKICH LLC
Mission
MONMOUTH COLLEGE PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE WITHIN A CARING COMMUNITY OF LEARNERS. AS A RESIDENTIAL LIBERAL ARTS COLLEGE, WE EMPOWER STUDENTS TO REALIZE THEIR FULL POTENTIAL, LIVE MEANINGFUL LIVES, PURSUE SUCCESSFUL CAREERS, AND SHAPE THEIR COMMUNITIES AND WORLD THROUGH SERVICE AND LEADERSHIP.
Program accomplishments
- HIGHER EDUCATION: INSTRUCTIONAL PROGRAMS-HUMANITIES, SCIENCES, SOCIAL SCIENCES AND OTHER LIBERAL ARTS PROGRAMS, BUSINESS AND EDUCATION. SERVE APPROXIMATELY 900 STUDENTS. PROGRAMS INCLUDE ACADEMIC DEPARTMENTS AS WELL AS ACADEMIC SUPPORT AREAS SUCH AS LIBRARY, ACADEMIC COMPUTING, FACULTY DEVELOPMENT, ETC. THIS REPRESENTS TUITION AND FEES.Expenses $45,949,043 · grants $21,594,260 · revenue $30,428,920
- AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, AND PARKING.Expenses $5,912,191 · revenue $7,726,486
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-0661228
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1936
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $241,007,189
- Income (IRS master file)
- $96,994,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $58,677,927 | $58,236,754 | $241,007,189 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $66,159,833 | $59,639,184 | $241,999,136 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $55,523,585 | $59,122,199 | $224,587,143 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $57,392,063 | $57,134,561 | $222,514,116 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-0661228).
Questions about MONMOUTH COLLEGE
- What is the EIN of MONMOUTH COLLEGE?
- The employer identification number (EIN) of MONMOUTH COLLEGE is 37-0661228.
- Is MONMOUTH COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1936.
- Are donations to MONMOUTH COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONMOUTH COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONMOUTH COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONMOUTH COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONMOUTH COLLEGE?
- The 990 for the year ended June 30, 2025 names HOLLY THARP.
- Who are the officers and directors of MONMOUTH COLLEGE?
- The 990 for the year ended June 30, 2025 lists 36 people; 11 received compensation from the organization, the highest $591,604 (CLARENCE WYATT END 063024, PRESIDENT).
- How much revenue does MONMOUTH COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $58,677,927, expenses of $58,236,754 and total assets of $241,007,189 at year end.
Other nonprofits in MONMOUTH
- MIDWESTERN EDUCATIONAL RESEARCH ASSOCIATION EIN 36-3064758 · last filed 990-N for 2025
- MONMOUTH EARLY LEARNING CENTER EIN 37-0921905 · last filed 990-N for 2024
- THE TITANS MUSIC BOOSTERS ASSOCIATION EIN 36-4022096 · last filed 990-N for 2023
- WARREN ACHIEVEMENT CENTER INC EIN 37-0810379 · last filed 990 for 2025
- SPECIAL ABILITIES ENDOWMENT EIN 99-1858703 · last filed 990 for 2025
- PATTEE FOUNDTION EIN 37-1138998 · last filed 990-PF for 2025
- JAMIESON COMMUNITY CENTER INC EIN 37-0912489 · last filed 990 for 2024
- YOUNG MENS CHRISTIAN ASSOCIATION OF WARREN COUNTY EIN 37-0663575 · last filed 990 for 2025