Beloit College

What it reported doing in 2024

Academic and student program: beloit college, a liberal arts college founded on the Wisconsin frontier in 1846, was born out of a belief that a particular brand of education could energize and transform lives, and by extension, the world. Beloit continues to believe this and delivers it through a unique, integrated curriculum that engages students in an exploration of ideas, compels students to deeply know their subjects, and requires them to demonstrate that they do by deeply connecting education and experience to students' future careers and lives. That focus on providing a rigorous and rewarding education and preparation has long set the college and its graduates apart. Hailed as one of 40 "colleges that change lives" by former New York times education editor loren pope, beloit offers students access to more than 45 academic programs, more than 60 student clubs, 18 varsity sports, and countless other opportunities that range from hands-on field and internship experiences both locally and globally, to college-funded student business startups.during the 2024-25 academic year, the college served 1,004 students from 39 countries, 45 states, and the district of columbia. The college offered courses in fall, spring, and summer sessions and provided educational services both domestically and through study abroad programs. The college graduated 256 students during the year, while providing financial assistance to 99 percent of degree-seeking students.enrollment and development: during the recruitment cycle for students starting in fall 2024, the college received 3,853 applications from first-time, degree-seeking students. The 224 students who enrolled will graduate as the class of 2028. The college continues to receive recognition from external evaluators and peers across the country for the quality of its undergraduate teaching, curricular innovations, entrepreneurial and study abroad programs, and more. These reputational measures, which reflect the college's increasing visibility, include being named the #5 most innovative school by u.s. News & world report and being on the named lists for "best undergraduate teaching," "first year experience to look for and "most international students." u.s. News & world report ranks beloit college nationally at #80 among liberal arts colleges.

Financial Efficiency

• Mission deployment rate: 75.3%; rating input score 75
• Program expense ratio: 80%; rating input score 80
• Fundraising efficiency: $7.12 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 9.1%; rating input score 70; 70th percentile among comparable filings
• Total-asset coverage ratio: 2.22; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings
• Revenue growth: 1.5% per year; rating input score 100; 11th percentile among comparable filings
• Asset growth: -0.8% per year; rating input score 0; 6th percentile among comparable filings