Nonprofit · EIN 59-2961536
BEACON COLLEGE INC
Tax-exempt · LEESBURG, FL 34748
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $40,961,104 | $39,623,164 | $1,337,940 | $40,741,397 | $21,604,452 | $19,136,945 |
| June 30, 2024 | 990 | $39,773,891 | $37,033,268 | $2,740,623 | $38,815,523 | $20,874,487 | $17,941,036 |
| June 30, 2023 | 990 | $35,901,560 | $32,534,708 | $3,366,852 | $36,914,716 | $21,633,684 | $15,281,032 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,081,108
- Program service revenue
- $36,181,699
- Investment income
- $404,572
- Net gain from sales of assets
- $236,366
- Net income from gaming
- $4,755
- Net income from sales of inventory
- $66,564
- Other revenue
- $293,725
Expenses
- Grants and similar amounts paid
- $10,185,274
- Compensation of officers, directors and key employees
- $1,545,518
- Other salaries and wages
- $10,920,299
- Salaries, compensation and benefits (total)
- $15,042,981
- Professional fundraising fees
- $0
- Legal fees
- $105,799
- Accounting fees
- $78,432
- Occupancy
- $2,429,434
- Travel
- $409,283
- Depreciation
- $1,749,659
- Program services (functional)
- $33,323,132
- Management and general (functional)
- $5,665,680
- Fundraising (functional)
- $634,352
Balance sheet and other
- Total assets, start of year
- $38,815,523
- Total assets, end of year
- $40,741,397
- Total liabilities, end of year
- $21,604,452
- Net assets, end of year
- $19,136,945
- Land, buildings and equipment
- $30,285,789
- Publicly traded securities
- $915,570
- Net assets without donor restrictions
- $12,631,702
- Net assets with donor restrictions
- $6,505,243
- Gross receipts
- $45,771,763
- Employees
- 362
- Volunteers
- 35
- Year formed
- 1989
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| DR GEORGE J HAGERTY | PRESIDENT Officer | 50 | $440,517 | $99,405 |
| DR BRAD HOUGH | CIO Highest-paid employee | 50 | $174,117 | $63,254 |
| RICHARD KILLION | VP OF INSTITUTIONAL ADVANCEMENT Key employee | 50 | $180,372 | $38,311 |
| DALE HEROLD | VP OF ADMISSIONS & ENROLLMENT Key employee | 50 | $171,244 | $45,583 |
| DR FRED GORE | CFO Officer | 50 | $159,520 | $47,463 |
| DR BRENT BETIT | COO Officer | 50 | $163,098 | $19,165 |
| DR OKSANA HAGERTY | DEAN OF STUDENT SUCCESS Highest-paid employee | 50 | $145,862 | $32,839 |
| DANA MANZO | VP OF STUDENT AFFAIRS Highest-paid employee | 50 | $133,189 | $32,115 |
| DR KEVIN REILLY | VP OF ACADEMICS Officer | 50 | $104,616 | $19,284 |
| DR DANIEL AVERBECK | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| SARAH FLANAGAN | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| JOHN ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| DR JENNIFER BRAATEN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| PETER GIAMALVA | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN R GILL | TRUSTEE Trustee or director | 4 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR MARK GRIFFIN | TRUSTEE Trustee or director | 4 | $0 |
| DR SHELDON H HOROWITZ | TRUSTEE Trustee or director | 4 | $0 |
| NANCY D JUDGE | TRUSTEE Trustee or director | 4 | $0 |
| DR ALFRED MOFFETT | TRUSTEE Trustee or director | 4 | $0 |
| JANET MORROW | TRUSTEE Trustee or director | 4 | $0 |
| DEBBIE RESNICK | TRUSTEE Trustee or director | 4 | $0 |
| HUGH W THOMPSON III | TRUSTEE Trustee or director | 4 | $0 |
| CHARO UCEDA | TRUSTEE Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GEORGE J HAGERTY | PRESIDENT Officer | 50 | $403,546 | $131,887 |
| SHELLY CHANDLER | PROVOST Officer | 50 | $182,054 | $50,686 |
| DALE HEROLD | VP OF ADMISSIONS & ENROLLMENT Key employee | 50 | $181,473 | $47,045 |
| RICHARD KILLION | VP OF INSTITUTIONAL ADVANCEMENT Key employee | 50 | $159,613 | $40,233 |
| DR BRENT BETIT | COO Officer | 50 | $154,381 | $22,215 |
| ALEXANDER MORRIS-WOOD | VP OF PROGRAM DEVELOPMENT Highest-paid employee | 50 | $141,857 | $30,420 |
| DANA MANZO | VP OF STUDENT AFFAIRS Highest-paid employee | 50 | $107,942 | $34,487 |
| DR BRAD HOUGH | CIO Highest-paid employee | 50 | $100,576 | $40,482 |
| DR FRED GORE | CFO Officer | 50 | $105,011 | $22,528 |
| DR KEVIN REILLY | VP OF ACADEMICS (AS OF 6/24) Officer | 50 | $0 | $0 |
| DR DANIEL AVERBECK | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| SARAH FLANAGAN | VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| JOHN ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| DR JENNIFER BRAATEN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| PETER GIAMALVA | TRUSTEE (AS OF 10/23) Trustee or director | 4 | $0 | $0 |
| JOHN R GILL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR MARK GRIFFIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR SHELDON H HOROWITZ | TRUSTEE Trustee or director | 4 | $0 | $0 |
| NANCY D JUDGE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR ALFRED MOFFETT | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JANET MORROW | TRUSTEE (AS OF 10/23) Trustee or director | 4 | $0 | $0 |
| DEBBIE RESNICK | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HUGH W THOMPSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHARO UCEDA | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JENNIFER KNOFF | TRUSTEE (THRU 5/24) Trustee or director | 4 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR GEORGE J HAGERTY | PRESIDENT Officer | 50 | $382,132 | $107,497 |
| SHELLY CHANDLER | PROVOST Officer | 50 | $171,537 | $32,257 |
| DALE HEROLD | VP OF ADMISSIONS & ENROLLMENT Key employee | 50 | $166,776 | $34,280 |
| RICHARD KILLION | VP OF INSTITUTIONAL ADVANCEMENT Highest-paid employee | 50 | $141,853 | $37,747 |
| SANDI RYSELL | CFO - THRU 5/23 Officer | 50 | $122,913 | $26,170 |
| BRENT BETIT | COO Officer | 50 | $142,801 | $0 |
| ALEXANDER MORRIS-WOOD | VP OF PROG. DEV. & GLOBAL PTRSHP Highest-paid employee | 50 | $132,781 | $9,457 |
| DR DANIEL AVERBECK | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| DR MARK GRIFFIN | VICE CHAIR - THRU 10/22; TRUSTEE Trustee or director, Officer | 6 | $0 | $0 |
| SARAH FLANAGAN | SEC/TRS-THRU 10/22;VICE CHAIR 10/22 Trustee or director, Officer | 6 | $0 | $0 |
| JOHN ROGERS | TRUSTEE; SEC/TREAS - AS OF 10/22 Trustee or director, Officer | 6 | $0 | $0 |
| DR JENNIFER BRAATEN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN R GILL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR SHELDON H HOROWITZ | TRUSTEE Trustee or director | 4 | $0 | $0 |
| NANCY D JUDGE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JENNIFER KNOPF | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR ALFRED MOFFETT | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DEBBIE RESNICK | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HUGH W THOMPSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHARO UCEDA | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DR FRED GORE | CFO - AS OF 5/23 Officer | 50 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 E MAIN ST, LEESBURG, FL 34748-5254
- In care of
- % BEACON COLLEGE
- Principal officer (990 for 2024)
- DR FREDERIC S GORE, 105 EAST MAIN STREET, LEESBURG, FL 34748
- Signed the 990
- DR FREDERIC S GORE, CFO
- Phone
- (352) 365-1135
- Website
- WWW.BEACONCOLLEGE.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
BEACON COLLEGE IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION WITH AN ENTREPRENEURIAL ETHOS AND HOLISTIC FOCUS, UNIQUELY SERVING THE EDUCATION NEEDS OF NEURODIVERGENT STUDENTS.
Program accomplishments
- BEACON WAS FOUNDED BY PARENTS IN ORDER TO MAKE A SUPERIOR HIGHER EDUCATION ACCESSIBLE TO STUDENTS WITH LEARNING DIFFERENCES. WHEN ESTABLISHED IN 1989, THE COLLEGE WAS GRANTED THE APPROVAL OF THE FLORIDA DEPARTMENT OF EDUCATION TO OFFER A FOCUSED LIBERAL ARTS-BASED CURRICULUM ALIGNED SPECIFICALLY TO THE LEARNING STYLES, SPECIALIZED INSTRUCTIONAL AND LIFESTYLE DEVELOPMENT NEEDS OF THESE STUDENTS. BEACON IS A FULLY ACCREDITATED FOUR-YEAR PRIVATE LIBERAL ARTS COLLEGE FOR STUDENTS SEEKING ASSOCIATE'S AND BACHELOR'S DEGREES. BEACON'S CAMPUS IN LEESBURG, FLORIDA CURRENTLY SERVES MORE THAN 500 DEGREE-SEEKING STUDENTS AND HUNDREDS MORE IN ITS TRANSITIONAL PROGRAMS.Expenses $33,323,132 · grants $10,185,274 · revenue $36,181,699
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
- 59-2961536
- 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
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $40,741,397
- Income (IRS master file)
- $45,771,763
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $40,961,104 | $39,623,164 | $40,741,397 | XML |
| 990 | June 2024 | $39,773,891 | $37,033,268 | $38,815,523 | IRS |
| 990 | June 2023 | $35,901,560 | $32,534,708 | $36,914,716 | IRS |
| 990 | June 2022 | $30,570,342 | $28,524,688 | $34,273,982 | IRS |
| 990 | 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 59-2961536).
Questions about BEACON COLLEGE INC
- What is the EIN of BEACON COLLEGE INC?
- The employer identification number (EIN) of BEACON COLLEGE INC is 59-2961536.
- Is BEACON COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to BEACON COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEACON COLLEGE INC 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 BEACON COLLEGE INC 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 BEACON COLLEGE INC 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 BEACON COLLEGE INC?
- The 990 for the year ended June 30, 2025 names DR FREDERIC S GORE.
- Who are the officers and directors of BEACON COLLEGE INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 9 received compensation from the organization, the highest $440,517 (DR GEORGE J HAGERTY, PRESIDENT).
- How much revenue does BEACON COLLEGE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $40,961,104, expenses of $39,623,164 and total assets of $40,741,397 at year end.
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