BELMONT ABBEY COLLEGE

BELMONT, NC, 28012-2702 (704) 461-6814 Est. 1960 EIN 56-0547498

B430— Education Form 990 501(c)(3)

WWW.BELMONTABBEYCOLLEGE.EDU

Mission

THE MISSION OF BELMONT ABBEY COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY OF STUDENTS AND PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, SUCCEED PROFESSIONALLY, BECOME RESPONSIBLE CITIZENS, AND BE A BLESSING TO THEMSELVES AND TO OTHERS.

Financials

Total Revenue

$78,937,014

Total Expenses

$59,037,196

Net Assets

$43,839,629

612 employees 20 volunteers

From latest filing (tax period ending 2024-05-31)

Financial Health

Operating Reserve

8.9 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 31.6%

Expenses ↑ 7.6%

Revenue Sources

Contributions 47.3% Earned revenue 52.1% Investment 0.5%

Expense Breakdown

Program 79.4% Management 15.6% Fundraising 5.1%

Officers & Key Employees (35)

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Grants Received (130)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$78,937,014 ↑	$59,037,196	$43,839,629
2022 Form 990	$59,979,946 ↑	$54,875,951	$22,724,896
2021 Form 990	$47,661,973	$50,273,375	$17,384,352
2021 Form 990	$47,661,973 ↑	$50,273,375	$17,384,352
2020 Form 990	$47,130,303 ↑	$45,390,350	$21,565,895
2019 Form 990	$41,308,226 ↑	$40,114,286	$18,693,925
2017 Form 990	$38,792,152	$36,852,583	$18,143,708