Carthage College
Carthage College reported $158.7 million in revenue and $148.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.36 went to program services, $15.15 to management and general costs and $1.49 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.2% of the total. The highest compensation it reported for one person was $645,345 (PRESIDENT AND CHIEF EXECUTIVE OFFICER). 48 people received more than $100,000 in reportable compensation. Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $149MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $159MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.17 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $645,345 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 48 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 27.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 30 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction: 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. Of the total number of students enrolled in 2024-2025 academic year, 548 met the undergraduate requirements of graduation, 34 met the graduate requirements for the master's in education, 44 met the graduate requirements for the master's in science, 14 met the graduate requirements for master's in music…
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 service (over 124 student organizations), a community of faith that nurtures spiritual growth and develops moral responsibility, and co-curricular activities that inspire students to test their own limits and express their individuality. The…
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. 1,854 students resided in campus housing during the 2024-25 academic year
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CHIEF EXECUTIVE OFFICER Director/trustee, officer, 50.00 hrs/week | $563,294 | $0 | $82,051 | $645,345 |
| PROVOST AND CHIEF OPERATING OFFICER Key employee, 50.00 hrs/week | $242,187 | $0 | $68,418 | $310,605 |
| DEAN, BUSINESS SCHOOL Highest compensated employee, 40.00 hrs/week | $185,998 | $0 | $64,613 | $250,611 |
| EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION Key employee, 50.00 hrs/week | $191,769 | $0 | $46,615 | $238,384 |
| DIRECTOR FOR THE WISCONSIN SPACE GRANT CONSORTIUM Highest compensated employee, 40.00 hrs/week | $170,068 | $0 | $59,882 | $229,950 |
| VP FOR FINANCE, CFO, TREASURER Officer, 50.00 hrs/week | $176,550 | $0 | $24,068 | $200,618 |
| VICE PRESIDENT FOR COLLEGE CULTURE FOR INCLUSION Key employee, 50.00 hrs/week | $184,920 | $0 | $13,445 | $198,365 |
| VP OF ENROLLMENT Highest compensated employee, 50.00 hrs/week | $142,200 | $0 | $53,356 | $195,556 |
48 people received more than $100,000 in reportable compensation from Carthage College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,757
- Volunteers Part I, line 6300
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KOCH KUTS LLC Landscaping services | $392,750 |
| IDFIVE LLC Media services | $338,171 |
| AVAAP USA LLC Erp implementation | $249,098 |
| GO AUDIO Event services | $196,912 |
| 123 PAINTING CORP Painting services | $194,484 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
27 private foundations reported grants to Carthage College totaling $424K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Carthage College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carthage College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carthage College spent in FY2025, $83.36 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- The Principia CorporationSt Louis, MO · revenue $158M · programs 74.6% · FY2025
- Southeastern UniversityLakeland, FL · revenue $159M · programs 87.8% · FY2025
- University of Virginia Darden School FoundationCharlottesville, VA · revenue $158M · programs 89.1% · FY2025
- United Negro College FundWashington, DC · revenue $159M · programs 78.7% · FY2025
- Pacific Lutheran UniversityTacoma, WA · revenue $158M · programs 91.6% · FY2025
Questions people ask
How much of Carthage College's spending goes to programs?
In the fiscal year ending June 30, 2025, Carthage College reported that 83.4% of its $148.9 million in expenses went to program services, 15.1% to management and general and 1.5% to fundraising (Form 990, Part IX).
How much does Carthage College pay its top executive?
The largest total compensation Carthage College reported for one person in the fiscal year ending June 30, 2025 was $645,345, for the role of PRESIDENT AND CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carthage College get its money?
Of $158.7 million in revenue in the fiscal year ending June 30, 2025, 8.3% came from contributions and grants (including 2.8% from government grants) and 85.2% from program service revenue (Form 990, Part VIII).
Is Carthage College a registered charity?
The IRS lists EIN 37-0661496 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641339349308064 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541279349301854 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441279349301809 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301319349300525 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349306174 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349304376 · read the filing
All filings for EIN 37-0661496: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.