Carthage College

Tax-deductible

Kenosha, WI501(c)(3)Since 1870Colleges & UniversitiesEIN 37-0661496Revenue $158.7M in FY2024

On file with the IRScarthage.edu2001 Alford Park Dr, 53140-1929 · Kenosha, WITax-exempt since May 1936School — 170(b)(1)(A)(ii)

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Seeking truth, building strength, inspiring service - together

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 300 volunteers and 1,757 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.2M a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 2% of spending
Top officer’s pay lower than 52% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $77K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$135.6M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 30 voting members
Looks good: 29 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$158.7M
+14% vs prior year
Spent
$148.9M
To programs
83%
Net assets
$337.2M
By yearFY2020–FY2024
Revenue
$158.7M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$148.0M
FY2021$125.2M
FY2022$132.5M
FY2023$124.0M
FY2024$139.7M
FY2024$158.7M
Expenses
$148.9M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$149.6M
FY2021$114.9M
FY2022$124.0M
FY2023$128.3M
FY2024$136.3M
FY2024$148.9M
Net assets
$337.2M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$253.5M
FY2021$302.6M
FY2022$280.9M
FY2023$293.8M
FY2024$313.1M
FY2024$337.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1936.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $124.1M Management & general 15% · $22.6M Fundraising 1% · $2.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

40 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and Chief Executive Officer
$563,294Pt VII · Sec A
Provost and Chief Operating Officer
$242,187Pt VII · Sec A
Executive Vice President for Administration
$191,769Pt VII · Sec A
Dean, Business School
$185,998Pt VII · Sec A
Vice President for College Culture for Inclusion
$184,920Pt VII · Sec A
VP for Finance, CFO, Treasurer
$176,550Pt VII · Sec A
Director of Engineering
$171,013Pt VII · Sec A
Director for the Wisconsin Space Grant Consortium;
$170,068Pt VII · Sec A

John Swallow’s $563K as President and Chief Executive Officer is at the 48th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
John Swallow$563,294$535,965$634,994$483,858$415,128$380,851
David Timmerman$242,187$231,723$225,084$217,407$206,892$211,979
Kevin Crosby$170,068$214,045$202,347$188,284$147,434$124,010
Abigail Hanna$191,769$184,202$180,329$174,747$158,801$152,328
Dale McClain————$54,167$191,057
Michele Hancock$184,920$188,637$188,455$157,639——
Bridget Haggerty$165,606$188,452$176,954———
Jim Padilla$185,998$179,609————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers college education in liberal arts and sciences.

Questions for Carthage College

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Provided by the organization

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3 programs · $116.5M · in their own filed words · FY2024
01

Instruction

Carthage college awards the bachelor of arts degrees with majors in more than 54 subject areas and 14 master's degrees. The 2024-2025 academic year enrollment was 3,014 full time equivalent (fte) students in the fall semester and 2,630 fte students enrolled in the spring semester.

$87.7Mprogram expense
02

Student Services

Carthage boasts a long-standing commitment to educating the whole person by nourishing the intellectual, spiritual, emotional, social and physical dimensions of students' lives. The college offers a curriculum that challenges students to think critically and express themselves effectively, a campus life that encourages involvement and…

$15.9Mprogram expense
03

Auxiliary enterprises at carthage college are comprised of 12 residence halls on campus, 7 dining venues, and a bookstore for students, faculty and staff. Of the total student body, 67.6% of enrolled students lived on campus and participated in the resident student board plan.

$12.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 3 funders →
Grants paid · 37 grants · $309.1M · 2019–2024
Unitemized GrantFY2024$50,554,160
Unitemized GrantFY2024$4,806,124
Unitemized GrantFY2024$1,705,968
Unitemized GrantFY2024$129,250
Unitemized GrantFY2023$46,350,413
Unitemized GrantFY2023$3,476,374
Unitemized GrantFY2023$1,413,639
Unitemized GrantFY2023$149,219
Unitemized GrantFY2022$41,895,059
Unitemized GrantFY2022$3,243,392
Unitemized GrantFY2022$1,377,201
Unitemized GrantFY2022$287,503
Unitemized GrantFY2022$30,375
Unitemized GrantFY2022$10,500
Unitemized GrantFY2022$7,500
Unitemized GrantFY2022$750
Unitemized GrantFY2021$37,740,879
Unitemized GrantFY2021$3,233,083
See all 37 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$158.7M
Ln 12
Fees for servicesLn 2g$135.2M
Gifts and grantsLn 1h$13.2M
Investment incomeLn 3$10.3M
Money outPt IX
$148.9M
Ln 25
Programscol B$124.1M
Managementcol C$22.6M
Fundraisingcol D$2.2M
Owns and owesPt X
$337.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$472.8M
LiabilitiesLn 26$135.6M
PeoplePt VI, VII
40
listed · VII A
PaidVII A11
Voting boardVI 1a30
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.2M
Government grantsLn 1e$4.4M
Noncash giftsLn 1g$769K
Fundraising eventsLn 1c$54K
Fees for servicesLn 2g$135.2M
Investment incomeLn 3$10.3M
Other incomeLn 4–11$24K
Gains on assetsLn 7$6.6M
Total revenueLn 12$158.7M
Assets in detailPt X, end of year
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$181.2M
Land, buildings, equipmentLn 10c$194.4M
Other assetsLn 15$79K
Total assetsLn 16$472.8M
LiabilitiesLn 26$135.6M
Net assetsLn 32$337.2M
OperationsPt I, VI
EmployeesI 51,757
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$4.2M
InvestmentsLn 11–13$163.1M$181.2M
Land, buildings, equipmentLn 10c$193.8M$194.4M
Total assetsLn 16$441.0M$472.8M
LiabilitiesLn 26$127.8M$135.6M
Net assetsLn 32$313.1M$337.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$57.2M$57.2M
Pay of current officers, directors and key staffLn 5$1.7M$1.3M$415K$43K
Other salaries and wagesLn 7$32.7M$24.0M$7.9M$819K
Pension plan contributionsLn 8$1.3M$931K$305K$32K
Other employee benefitsLn 9$6.6M$4.8M$1.6M$164K
Payroll taxesLn 10$2.4M$1.7M$571K$60K
Legal feesLn 11b$163K$120K$39K$4K
Accounting feesLn 11c$105K$77K$25K$3K
Investment management feesLn 11f$691K$691K
Other fees for servicesLn 11g$5.8M$4.3M$1.4M$85K
Advertising and promotionLn 12$2.1M$1.5M$495K$48K
Office expensesLn 13$2.4M$1.8M$579K$56K
Information technologyLn 14$2.5M$1.8M$594K$62K
OccupancyLn 16$16.9M$13.9M$2.6M$340K
TravelLn 17$3.3M$2.4M$783K$82K
InterestLn 20$1.8M$526K$1.3M
Depreciation, depletion and amortizationLn 22$9.4M$6.1M$2.9M$389K
InsuranceLn 23$1.5M$1.1M$371K$39K
Other expenses (24a–d)Ln 24$453K$453K
Total functional expensesLn 25$148.9M$124.1M$22.6M$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $139.7M$136.3M$3.5M$313.1M 990 PDF
FY2023 $124.0M$128.3M−$4.4M$293.8M 990 PDF
FY2022 $132.5M$124.0M$8.4M$280.9M 990 PDF
FY2021 $125.2M$114.9M$10.3M$302.6M 990 PDF
FY2020 $148.0M$149.6M−$1.7M$253.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $158,664,832 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,764,987$13,150,159
I-9 Program service revenuePrior year $123,864,257$135,207,915
I-10 Investment incomePrior year $7,148,235$10,283,160
I-11 Other revenuePrior year −$35,525$23,598
I-12 Total revenuePrior year $139,741,954$158,664,832
I-13 Grants and similar amounts paidPrior year $51,389,645$57,195,502
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $41,492,695$44,593,644
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,391,959$47,069,734
I-18 Total expensesPrior year $136,274,299$148,858,880
I-19 Revenue less expensesPrior year $3,467,655$9,805,952
Part VI · Governance 29 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $158,664,832 across 11 lines filed
VIII-1c Fundraising events$53,765
VIII-1e Government grants$4,448,738
VIII-1f All other contributions, gifts and grants$8,647,656
VIII-1g Noncash contributions (included above)$769,124
VIII-1h Total contributions, gifts and grants$13,150,159
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,058,148 · Unrelated business $2,149,767$135,207,915
VIII-3 Investment incomeExcluded from tax $3,685,444$3,685,444
VIII-6 Net rental income or lossExcluded from tax $34,300$34,300
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,597,716$6,597,716
VIII-8 Net income from fundraising eventsExcluded from tax −$10,702−$10,702
VIII-12 Total revenueRelated to mission $133,058,148 · Unrelated business $2,149,767 · Excluded from tax $10,306,758$158,664,832
Part IX · Statement of functional expenses $148,858,880 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $57,195,502$57,195,502
IX-5 Pay of current officers, directors and key staffPrograms $1,268,732 · Management $415,014 · Fundraising $43,283$1,727,029
IX-7 Other salaries and wagesPrograms $24,000,515 · Management $7,850,793 · Fundraising $818,788$32,670,096
IX-8 Pension plan contributionsPrograms $931,164 · Management $304,593 · Fundraising $31,767$1,267,524
IX-9 Other employee benefitsPrograms $4,815,291 · Management $1,575,127 · Fundraising $164,276$6,554,694
IX-10 Payroll taxesPrograms $1,744,239 · Management $570,557 · Fundraising $59,505$2,374,301
IX-11b Legal feesPrograms $119,899 · Management $39,220 · Fundraising $4,090$163,209
IX-11c Accounting feesPrograms $77,134 · Management $25,231 · Fundraising $2,631$104,996
IX-11f Investment management feesManagement $690,539$690,539
IX-11g Other fees for servicesPrograms $4,335,431 · Management $1,418,160 · Fundraising $84,894$5,838,485
IX-12 Advertising and promotionPrograms $1,512,783 · Management $494,846 · Fundraising $48,073$2,055,702
IX-13 Office expensesPrograms $1,770,139 · Management $579,029 · Fundraising $55,994$2,405,162
IX-14 Information technologyPrograms $1,816,826 · Management $594,301 · Fundraising $61,982$2,473,109
IX-16 OccupancyPrograms $13,894,727 · Management $2,621,763 · Fundraising $340,157$16,856,647
IX-17 TravelPrograms $2,394,755 · Management $783,347 · Fundraising $81,698$3,259,800
IX-20 InterestPrograms $525,508 · Management $1,314,354$1,839,862
IX-22 Depreciation, depletion and amortizationPrograms $6,090,665 · Management $2,903,463 · Fundraising $389,221$9,383,349
IX-23 InsurancePrograms $1,135,441 · Management $371,413 · Fundraising $38,736$1,545,590
IX-24 Other expenses (24a–d)Programs $453,284$453,284
IX-25 Total functional expensesPrograms $124,082,035 · Management $22,551,750 · Fundraising $2,225,095$148,858,880
Part X · Balance sheet $472,819,604 assets, 20 lines filed
Asset lines not itemized here account for $3,507,977; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $2,074,244$4,189,894
X-3 Pledges and grants receivableStart of year $4,095,496$6,619,933
X-4 Accounts receivableStart of year $70,253,778$78,489,694
X-9 Prepaid expenses and deferred chargesStart of year $3,068,340$4,287,388
X-10c Land, buildings and equipment, netStart of year $193,833,828$194,448,738
X-11 Publicly traded securitiesStart of year $162,897,081$181,011,082
X-12 Other securitiesStart of year $185,650$185,650
X-15 Other assetsStart of year $84,381$79,248
X-16 Total assetsStart of year $440,951,784$472,819,604
X-17 Accounts payable and accrued expensesStart of year $5,508,176$6,405,748
X-18 Grants payableStart of year $1,085,786$21,666
X-19 Deferred revenueStart of year $66,696,872$76,769,884
X-20 Tax-exempt bond liabilitiesStart of year $51,477,071$50,037,864
X-24 Unsecured notes and loans payableStart of year $836,800$588,700
X-25 Other liabilitiesStart of year $2,234,117$1,810,362
X-26 Total liabilitiesStart of year $127,838,822$135,634,224
X-27 Net assets without donor restrictionsStart of year $169,106,793$185,871,743
X-28 Net assets with donor restrictionsStart of year $144,006,169$151,313,637
X-32 Total net assets or fund balancesStart of year $313,112,962$337,185,380
X-33 Total liabilities and net assetsStart of year $440,951,784$472,819,604
Part XI · Reconciliation of net assets $337,185,380 net assets at year end
XI-1 Total revenue$158,664,832
XI-2 Total expenses$148,858,880
XI-3 Revenue less expenses$9,805,952
XI-4 Net assets at start of year$313,112,962
XI-5 Net unrealized gains (losses) on investments$13,949,800
XI-9 Other changes in net assets$316,666
XI-10 Net assets at end of year$337,185,380

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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