Benedict College
Benedict College reported $52.8 million in revenue and $51.3 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $61.87 went to program services, $36.73 to management and general costs and $1.40 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 50.4% of the total. Government grants made up 34.8%. The highest compensation it reported for one person was $601,579 (President & CEO). 7 people received more than $100,000 in reportable compensation. Revenue fell 14% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $51MFor 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, 2024 · Form 990, Part VIII · total revenue $53MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 36.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 41.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 34.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 50.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $601,579 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.17% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 24.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 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
FY2024 · Form 990, Part III · the three largest programs by expenseInstruction - approximately 1,723 students enrolled. The college awarded 313 degrees during the 2023-2024 academic year
Student services - enrollment services, college registrar, health and counseling, sports and recreation
Auxiliary enterprises - the colleges dormitories, dining hall and campus store are the major auxiliary enterprises serving the college community. Eight residence halls provided quarters for approximately 1,183 students for the fall 2023 semester and approximately 1,034 students for the spring 2024 semester
Highest reported compensation
FY2024 · 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 & CEO Officer, 40.00 hrs/week | $458,636 | $0 | $142,943 | $601,579 |
| Vice President for Institutional Advancement Key employee, 40.00 hrs/week | $157,590 | $0 | $0 | $157,590 |
| Vice President for Academic Affairs Key employee, 40.00 hrs/week | $154,500 | $0 | $0 | $154,500 |
| Chief of Staff Key employee, 40.00 hrs/week | $140,000 | $0 | $0 | $140,000 |
| Vice President for Finance & Operations Key employee, 40.00 hrs/week | $134,895 | $0 | $0 | $134,895 |
| Athletic Director Key employee, 40.00 hrs/week | $104,032 | $0 | $0 | $104,032 |
| Vice President for Student Affairs Key employee, 40.00 hrs/week | $103,545 | $0 | $0 | $103,545 |
| VP for Enrollment Management Key employee, 40.00 hrs/week | $48,750 | $0 | $0 | $48,750 |
7 people received more than $100,000 in reportable compensation from Benedict College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $459K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · 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–1b18 · 18 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 11aYes
- 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 26No
- 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 5435
- Volunteers Part I, line 610
Private foundation grants it received
9 private foundations reported grants to Benedict College totaling $249K 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 Benedict 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 Benedict College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Benedict College spent in FY2024, $61.87 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Foundation for Grossmont and Cuyamaca CollegesEl Cajon, CA · revenue $53M · programs 99.1% · FY2025
- Compass Rose EducationSan Antonio, TX · revenue $53M · programs 95.7% · FY2025
- Passaic Arts and Science Charter SchoolFair Lawn, NJ · revenue $53M · programs 72.1% · FY2025
- Friends UniversityWichita, KS · revenue $53M · programs 89.6% · FY2025
- Barton CollegeWilson, NC · revenue $53M · programs 86.4% · FY2025
All education charities · Largest charities in South Carolina
Questions people ask
How much of Benedict College's spending goes to programs?
In the fiscal year ending June 30, 2024, Benedict College reported that 61.9% of its $51.3 million in expenses went to program services, 36.7% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Benedict College pay its top executive?
The largest total compensation Benedict College reported for one person in the fiscal year ending June 30, 2024 was $601,579, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Benedict College get its money?
Of $52.8 million in revenue in the fiscal year ending June 30, 2024, 41.6% came from contributions and grants (including 34.8% from government grants) and 50.4% from program service revenue (Form 990, Part VIII).
Is Benedict College a registered charity?
The IRS lists EIN 57-0314365 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202632379349301618 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349305833 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349310916 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202232579349301548 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202200759349300905 · read the filing
All filings for EIN 57-0314365: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.