Carroll College is a catholic, diocesan, liberal arts College in the ecumenical tradition of the second vatican council. Carroll College acknowledges the role of preparing its students for a career, and also affirms the role of providing for the expansion of the intellectual, imaginative, and social awareness of its students. Carroll College affirms its commitment to the principle of freedom of inquiry. Carroll College is committed to a policy of open participation by members of all religious faiths and all persons of good will in the total academic and spiritual experience of the College community.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.6M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $78.1M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $78.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75.7M
+14% vs prior year
Spent
$70.6M
To programs
84%
Net assets
$136.3M
By yearFY2021–FY2025
Revenue
$75.7M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$63.6M
FY2022$65.0M
FY2023$66.5M
FY2024$75.7M
FY2025$73.1M
Expenses
$70.6M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$58.1M
FY2022$62.1M
FY2023$64.9M
FY2024$70.6M
FY2025$70.5M
Net assets
$136.3M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$122.5M
FY2022$118.1M
FY2023$123.5M
FY2024$136.3M
FY2025$143.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2011.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $59.5M Management & general 13% · $9.5M Fundraising 2% · $1.6M

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

33 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Ex-Officio
$268,195Pt VII · Sec A
V.p. Finance & Administrat
$185,149Pt VII · Sec A
Vice President - Instituti
$153,665Pt VII · Sec A
SR Vice President for Acad
$153,402Pt VII · Sec A
Director, Athletics
$144,110Pt VII · Sec A
Vice President, Student Engagement and Mission Int
$139,591Pt VII · Sec A
Director Masters of Social
$130,824Pt VII · Sec A
Director of Nursing
$117,188Pt VII · Sec A

Dr John Cech’s $284K as President/Ex-Officio is at the 61st percentile of top reported officer pay among 3683 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021
Dr John Cech$283,836$268,195———
John Cech——$229,991$245,211$255,489
Lori Peterson$182,529$185,149$151,562$180,511$179,270
Jennifer Glowienka$158,269$153,402$119,830——
Christopher Aimone—$153,665$158,103——
Kathleen O'Leary$157,404$139,591———
Michael McMahon——$111,359$145,970$153,280
Charles Gross$145,854$144,110$124,205$121,573$115,446

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.

See Carroll College executive salaries →

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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

Programs and updates

Educates students in liberal arts, fostering intellectual growth and career preparation.

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Provided by the organization

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3 programs · $52.5M · in their own filed words · FY2023
01

Student Services

Office of the dean of students, student activities, student publications,counseling, financial aid, student records, and student health issues

$38.7Mprogram expense
02

Instruction

Liberal arts program leading to a baccalaureate degree

$10.7Mprogram expense
03

Academic Support

Academic administration, libraries, logistics and services

$3.1Mprogram 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
Total grants receivedfrom 1 funder$6K
Grants paid · 28 grants · $140.4M · 2020–2024
Unitemized GrantFY2024$23,848,407
Unitemized GrantFY2024$2,012,014
Unitemized GrantFY2024$1,608,749
Unitemized GrantFY2024$1,359,638
Unitemized GrantFY2024$82,527
Unitemized GrantFY2024$7,544
Unitemized GrantFY2023$27,981,388
Unitemized GrantFY2023$1,921,950
Unitemized GrantFY2023$1,789,010
Unitemized GrantFY2023$1,129,297
Unitemized GrantFY2023$81,789
Unitemized GrantFY2023$7,544
Unitemized GrantFY2022$22,406,441
Unitemized GrantFY2022$1,969,468
Unitemized GrantFY2022$1,831,411
Unitemized GrantFY2022$970,997
Unitemized GrantFY2022$109,472
Unitemized GrantFY2022$3,772
See all 28 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$75.7M
Ln 12
Fees for servicesLn 2g$55.4M
Gifts and grantsLn 1h$16.3M
Investment incomeLn 3$3.3M
Money outPt IX
$70.6M
Ln 25
Programscol B$59.5M
Managementcol C$9.5M
Fundraisingcol D$1.6M
Owns and owesPt X
$136.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$153.0M
LiabilitiesLn 26$16.7M
PeoplePt VI, VII
33
listed · VII A
PaidVII A8
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.3M
Government grantsLn 1e$6.9M
Noncash giftsLn 1g$654K
Fundraising eventsLn 1c$442K
Fees for servicesLn 2g$55.4M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$677K
Gains on assetsLn 7$1.3M
Total revenueLn 12$75.7M
Assets in detailPt X, end of year
SavingsLn 2$4.6M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$78.1M
Land, buildings, equipmentLn 10c$60.6M
Other assetsLn 15$5.3M
Total assetsLn 16$153.0M
LiabilitiesLn 26$16.7M
Net assetsLn 32$136.3M
OperationsPt I, VI
EmployeesI 5958
VolunteersI 6175
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$13.4M$4.6M
InvestmentsLn 11–13$66.2M$78.1M
Land, buildings, equipmentLn 10c$56.4M$60.6M
Total assetsLn 16$140.8M$153.0M
LiabilitiesLn 26$17.3M$16.7M
Net assetsLn 32$123.5M$136.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$32.9M$32.9M
Pay of current officers, directors and key staffLn 5$1.0M$325K$541K$135K
Other salaries and wagesLn 7$15.1M$12.0M$2.2M$847K
Pension plan contributionsLn 8$558K$426K$99K$33K
Other employee benefitsLn 9$2.8M$1.1M$1.6M$94K
Payroll taxesLn 10$1.2M$924K$175K$63K
Investment management feesLn 11f$103K$103K
Other fees for servicesLn 11g$2.8M$1.3M$1.4M$57K
Office expensesLn 13$1.7M$934K$641K$154K
OccupancyLn 16$770K$33K$737K
TravelLn 17$2.2M$1.9M$177K$116K
Conferences, conventions and meetingsLn 19$3.6M$3.2M$393K
InterestLn 20$340K$314K$26K
Depreciation, depletion and amortizationLn 22$3.7M$2.5M$1.2M$3K
Other expenses (24a–d)Ln 24$1.9M$1.7M$232K$48K
Total functional expensesLn 25$70.6M$59.5M$9.5M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $73.1M$70.5M$2.6M$143.9M 990 PDF
FY2024 Viewing $75.7M$70.6M$5.1M$136.3M 990 PDF
FY2023 $66.5M$64.9M$1.6M$123.5M 990 PDF
FY2022 $65.0M$62.1M$3.0M$118.1M 990 PDF
FY2021 $63.6M$58.1M$5.5M$122.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $75,695,875 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,739,391$16,333,942
I-9 Program service revenuePrior year $55,143,710$55,382,432
I-10 Investment incomePrior year $2,801,258$3,302,945
I-11 Other revenuePrior year $829,661$676,556
I-12 Total revenuePrior year $66,514,020$75,695,875
I-13 Grants and similar amounts paidPrior year $27,291,561$32,910,978
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,907,589$20,580,328
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,732,318$17,123,371
I-18 Total expensesPrior year $64,931,468$70,614,677
I-19 Revenue less expensesPrior year $1,582,552$5,081,198
Part VI · Governance 25 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $75,695,875 across 11 lines filed
Lines not itemized here account for $103,982 of total revenue; see the IRS return.
VIII-1c Fundraising events$442,177
VIII-1e Government grants$6,850,376
VIII-1f All other contributions, gifts and grants$9,041,389
VIII-1g Noncash contributions (included above)$653,847
VIII-1h Total contributions, gifts and grants$16,333,942
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,382,432$55,382,432
VIII-3 Investment incomeExcluded from tax $2,036,043$2,036,043
VIII-6 Net rental income or lossUnrelated business $16,359 · Excluded from tax $575,460$591,819
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,266,902$1,266,902
VIII-8 Net income from fundraising eventsExcluded from tax −$19,245−$19,245
VIII-12 Total revenueRelated to mission $55,466,104 · Unrelated business $16,359 · Excluded from tax $3,879,470$75,695,875
Part IX · Statement of functional expenses $70,614,677 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $32,910,978$32,910,978
IX-5 Pay of current officers, directors and key staffPrograms $325,199 · Management $541,047 · Fundraising $135,116$1,001,362
IX-7 Other salaries and wagesPrograms $11,991,240 · Management $2,231,336 · Fundraising $846,540$15,069,116
IX-8 Pension plan contributionsPrograms $425,775 · Management $99,101 · Fundraising $33,496$558,372
IX-9 Other employee benefitsPrograms $1,128,016 · Management $1,567,575 · Fundraising $93,947$2,789,538
IX-10 Payroll taxesPrograms $923,842 · Management $174,917 · Fundraising $63,181$1,161,940
IX-11f Investment management feesManagement $102,797$102,797
IX-11g Other fees for servicesPrograms $1,341,664 · Management $1,396,262 · Fundraising $57,192$2,795,118
IX-13 Office expensesPrograms $934,400 · Management $640,763 · Fundraising $153,920$1,729,083
IX-16 OccupancyPrograms $33,402 · Management $736,663$770,065
IX-17 TravelPrograms $1,927,125 · Management $177,319 · Fundraising $115,660$2,220,104
IX-19 Conferences, conventions and meetingsPrograms $3,167,359 · Management $392,907$3,560,266
IX-20 InterestPrograms $313,510 · Management $26,428$339,938
IX-22 Depreciation, depletion and amortizationPrograms $2,457,326 · Management $1,210,695 · Fundraising $3,334$3,671,355
IX-24 Other expenses (24a–d)Programs $1,654,433 · Management $232,150 · Fundraising $48,062$1,934,645
IX-25 Total functional expensesPrograms $59,534,269 · Management $9,529,960 · Fundraising $1,550,448$70,614,677
Part X · Balance sheet $153,021,793 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $13,357,074$4,615,899
X-3 Pledges and grants receivableStart of year $1,256,914$2,054,757
X-4 Accounts receivableStart of year $1,346,637$1,784,524
X-8 Inventories for sale or useStart of year $224,652$202,865
X-9 Prepaid expenses and deferred chargesStart of year $555,572$327,281
X-10c Land, buildings and equipment, netStart of year $56,352,401$60,626,958
X-11 Publicly traded securitiesStart of year $63,061,970$74,702,522
X-12 Other securitiesStart of year $3,179,152$3,393,921
X-15 Other assetsStart of year $1,504,982$5,313,066
X-16 Total assetsStart of year $140,839,354$153,021,793
X-17 Accounts payable and accrued expensesStart of year $3,325,694$4,097,479
X-19 Deferred revenueStart of year $2,199,240$1,783,275
X-25 Other liabilitiesStart of year $1,190,183$1,052,546
X-26 Total liabilitiesStart of year $17,332,737$16,697,759
X-27 Net assets without donor restrictionsStart of year $58,115,460$65,683,376
X-28 Net assets with donor restrictionsStart of year $65,391,157$70,640,658
X-32 Total net assets or fund balancesStart of year $123,506,617$136,324,034
X-33 Total liabilities and net assetsStart of year $140,839,354$153,021,793
Part XI · Reconciliation of net assets $136,324,034 net assets at year end
XI-1 Total revenue$75,695,875
XI-2 Total expenses$70,614,677
XI-3 Revenue less expenses$5,081,198
XI-4 Net assets at start of year$123,506,617
XI-5 Net unrealized gains (losses) on investments$7,622,367
XI-9 Other changes in net assets$113,852
XI-10 Net assets at end of year$136,324,034

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

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