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Nonprofit · EIN 56-0547498

BELMONT ABBEY COLLEGE

Tax-exempt · BELMONT, NC 28012

Financials

$47.7M$50.3M2021$60M$54.9M2022$78.9M$59M2023$63.7M$59.9M2024
Revenue Expenses · by fiscal year end
Financials of BELMONT ABBEY COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$63,695,801$59,860,860$3,834,941$81,232,897$32,589,976$48,642,921
May 31, 2024990$78,937,014$59,037,196$19,899,818$74,020,353$30,180,724$43,839,629
May 31, 2023990$59,979,946$54,875,951$5,103,995$49,779,890$27,054,994$22,724,896
May 31, 2022990 (amended)$47,661,973$50,273,375-$2,611,402$38,798,634$21,414,282$17,384,352
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$20,091,986
of which government grants
$265,571
Program service revenue
$42,713,658
Investment income
$803,789
Net gain from sales of assets
$120,610
Net income from fundraising events
-$15,212
Other revenue
$86,368

Expenses

Grants and similar amounts paid
$10,848,088
Compensation of officers, directors and key employees
$1,593,379
Other salaries and wages
$17,687,226
Salaries, compensation and benefits (total)
$22,841,472
Professional fundraising fees
$0
Legal fees
$159,561
Occupancy
$1,300,575
Travel
$1,505,921
Depreciation
$1,761,070
Program services (functional)
$45,610,469
Management and general (functional)
$10,544,005
Fundraising (functional)
$3,706,386

Balance sheet and other

Total assets, start of year
$74,020,353
Total assets, end of year
$81,232,897
Total liabilities, end of year
$32,589,976
Net assets, end of year
$48,642,921
Land, buildings and equipment
$37,617,473
Publicly traded securities
$23,302,988
Net assets without donor restrictions
-$3,674,890
Net assets with donor restrictions
$52,317,811
Gross receipts
$85,412,004
Employees
621
Volunteers
20
Year formed
1960
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DR WILLIAM THIERFELDERPRESIDENT
Officer
60$394,901$47,063
MR PHILIP BRACHVICE PRESIDENT OF COLLEGE RELATIONS
Officer
60$246,172$25,939
MR ALLAN MARKEXECUTIVE VICE PRESIDENT
Officer
60$241,112$25,081
MR STEPHEN MISSVICE PRESIDENT AND ATHLETIC DIRECTOR
Officer
60$202,849$25,070
DR JOSEPH WYSOCKIPROVOST
Officer
60$192,978$23,583
CHERYL TROTTERVICE PRESIDENT HR AND OPERATIONS
Highest-paid employee
50$178,757$986
AUGUSTA GLADDSENIOR VICE PRESIDENT STRATEGIC GIVING
Highest-paid employee
50$151,864$14,277
EMMETT MCGROARTYDIRECTOR OF THE BELMONT HOUSE
Highest-paid employee
50$150,399$12,185
ANDREA TREMBATHFORMER VICE PRESIDENT FINANCE AND ADMINISTRATION
Highest-paid employee
50$142,715$16,042
SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT -COLLEGE RELATIONS
Highest-paid employee
50$138,350$11,916
MR CHARLES C CORNELIOCHAIRMAN
Trustee or director, Officer
5$0$0
MR CHRIS PARKERVICE CHAIRMAN
Trustee or director, Officer
2$0$0
MR RICHARD HOEFLINGSECRETARY
Trustee or director, Officer
5$0$0
RT REV PLACID D SOLARI OSBCHANCELLOR
Trustee or director, Officer
3$0$0
BROTHER TOBIAH ABBOT OSBTRUSTEE
Trustee or director
1$0$0
19 more people on this return
NameTitleHours / weekCompensation
MR CLIFF BAUERTRUSTEE
Trustee or director
1$0
MRS MOLLY BECKERTTRUSTEE
Trustee or director
1$0
BISHOP JOSEPH COFFEYTRUSTEE
Trustee or director
1$0
REV ELIAS CORREA-TORRESTRUSTEE
Trustee or director
1$0
MR JAMES CRAWFORD III JD LLM MATRUSTEE
Trustee or director
1$0
JUDGE JAMES DEVER IIITRUSTEE
Trustee or director
1$0
MRS SARA EDELTRUSTEE
Trustee or director
1$0
MRS HEATHER FINKETRUSTEE
Trustee or director
1$0
MR CONOR GALLAGHERTRUSTEE
Trustee or director
1$0
MRS MARY ELLEN GUSTAINISTRUSTEE
Trustee or director
1$0
MR THOMAS KELLYTRUSTEE
Trustee or director
1$0
FATHER CHRISTOPHER KIRCHGESSNERTRUSTEE
Trustee or director
1$0
MR TERENCE M MURPHYTRUSTEE
Trustee or director
1$0
FR JAMES RABER OSBTRUSTEE
Trustee or director
1$0
MR JOSE RODRIGUEZTRUSTEE
Trustee or director
1$0
MRS MARY SUMMATRUSTEE
Trustee or director
1$0
MRS MARY CATHERINE SURFACETRUSTEE
Trustee or director
1$0
MR FRANK TROTTATRUSTEE
Trustee or director
1$0
MR DAVID WOFFORDTRUSTEE
Trustee or director
1$0
990 for the year ended May 31, 2024: 35 people
NameTitleHours / weekCompensationOther / benefits
DR WILLIAM THIERFELDERPRESIDENT
Officer
60$391,520$49,216
MR PHILIP BRACHVICE PRESIDENT COLLEGE REL
Officer
60$247,222$28,092
MR ALLAN MARKEXECUTIVE VICE PRESIDENT
Officer
60$238,612$27,047
DR TRAVIS FEEZELLFORMER PROVOST
Officer
60$230,752$26,629
MR STEPHEN MISSVICE PRESIDENT AND ATHLETI
Officer
60$191,192$25,184
CHERYL TROTTERVICE PRESIDENT OF HR AND O
Highest-paid employee
50$162,553$6,746
AUGUSTA GLADDSENIOR ASSOCIATE VICE PRES
Highest-paid employee
50$151,804$14,186
ANDREA TREMBATHVICE PRESIDENT FINANCE AND ADMINISTRATION
Highest-paid employee
50$148,179$16,525
SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT -
Highest-paid employee
50$138,300$12,547
EMMETT MCGROARTYDIRECTOR OF THE BELMONT HOUSE
Highest-paid employee
50$125,403$8,826
DR JOSEPH WYSOCKIINTERIM PROVOST
Officer
60$98,605$21,970
MR CHARLES C CORNELIOCHAIRMAN
Trustee or director, Officer
5$0$0
MR RICHARD HOEFLINGSECRETARY
Trustee or director, Officer
5$0$0
RT REV PLACID D SOLARI OSBCHANCELLOR
Trustee or director, Officer
3$0$0
MR NICHOLAS OMIRLYTRUSTEE
Trustee or director
1$0$0
MR LEROY DAVISTRUSTEE
Trustee or director
1$0$0
MRS REGINA P MOODYTRUSTEE
Trustee or director
1$0$0
MRS SILVIA RODRIGUEZTRUSTEE
Trustee or director
1$0$0
BROTHER TOBIAH ABBOTT OSBTRUSTEE
Trustee or director
1$0$0
MR JAMES CRAWFORD III JD LLM MATRUSTEE
Trustee or director
1$0$0
MRS HEATHER FINKETRUSTEE
Trustee or director
1$0$0
MR THOMAS KELLYTRUSTEE
Trustee or director
1$0$0
MR TERENCE M MURPHYTRUSTEE
Trustee or director
1$0$0
FATHER DAVID BROWNTRUSTEE
Trustee or director
1$0$0
MR CHRIS PARKERTRUSTEE
Trustee or director
1$0$0
MR FRANK TROTTATRUSTEE
Trustee or director
2$0$0
MRS MARY CATHERINE SURFACETRUSTEE
Trustee or director
1$0$0
MRS SARA EDELTRUSTEE
Trustee or director
1$0$0
FATHER CHRISTOPHER KIRCHGESSNERTRUSTEE
Trustee or director
1$0$0
MRS MOLLY BECKERTTRUSTEE
Trustee or director
1$0$0
BISHOP JOSEPH COFFEYTRUSTEE
Trustee or director
1$0$0
REV ELIAS CORREA-TORRESTRUSTEE
Trustee or director
1$0$0
JUDGE JAMES DEVER IIITRUSTEE
Trustee or director
1$0$0
MR CONOR GALLAGHERTRUSTEE
Trustee or director
1$0$0
MRS MARY ELLEN GUSTAINISTRUSTEE
Trustee or director
1$0$0
990 for the year ended May 31, 2023: 35 people
NameTitleHours / weekCompensationOther / benefits
DR WILLIAM THIERFELDERPRESIDENT
Officer
60$389,840$49,547
MR PHILLIP BRACHVICE PRESIDENT COLLEGE REL
Officer
60$240,009$27,840
MR ALLAN MARKEXECUTIVE VICE PRESIDENT
Officer
60$215,091$26,806
DR TRAVIS FEEZELLPROVOST
Officer
60$211,835$26,574
MR STEPHEN MISSVICE PRESIDENT AND ATHLETI
Officer
60$174,357$24,213
AUGUSTA GLADDSENIOR ASSOCIATE VICE PRES
Highest-paid employee
50$150,384$12,788
CHERYL TROTTERVICE PRESIDENT OF HR AND O
Highest-paid employee
50$137,110$5,731
SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT - COLLEGE RELATIONS
Highest-paid employee
50$130,016$11,966
CAROLYN HARMONDEAN OF NURSING
Highest-paid employee
50$130,158$11,498
ANTONIA BERBRICKASSOCIATE PROFESSOR OF ACCOUNTING
Highest-paid employee
50$124,517$5,214
MR CHARLES C CORNELIOCHAIRMAN
Trustee or director, Officer
5$0$0
MR RICHARD HOEFLINGSECRETARY
Trustee or director, Officer
5$0$0
RT REV PLACID D SOLARI OSBCHANCELLOR
Trustee or director, Officer
3$0$0
MR NICHOLAS OMIRLYTRUSTEE
Trustee or director
1$0$0
MR LEROY DAVISTRUSTEE
Trustee or director
1$0$0
MRS REGINA P MOODYTRUSTEE
Trustee or director
1$0$0
MRS SILVIA RODRIGUEZTRUSTEE
Trustee or director
1$0$0
BROTHER TOBIAH ABBOTT OSBTRUSTEE
Trustee or director
1$0$0
MR JAMES CRAWFORD III JD LLM MATRUSTEE
Trustee or director
1$0$0
MRS HEATHER FINKETRUSTEE
Trustee or director
1$0$0
MR THOMAS KELLYTRUSTEE
Trustee or director
1$0$0
MR TERENCE M MURPHYTRUSTEE
Trustee or director
1$0$0
FATHER DAVID BROWNTRUSTEE
Trustee or director
1$0$0
MR MICHAEL SNYDERTRUSTEE
Trustee or director
1$0$0
MR CHRIS PARKERTRUSTEE
Trustee or director
1$0$0
MR FRANK TROTTATRUSTEE
Trustee or director
1$0$0
MS MARY CATHERINE SURFACETRUSTEE
Trustee or director
1$0$0
MS SARA EDELTRUSTEE
Trustee or director
1$0$0
FATHER CHRISTOPHER KIRCHGESSNERTRUSTEE
Trustee or director
1$0$0
MRS MOLLY BECKERTTRUSTEE
Trustee or director
1$0$0
BISHOP JOSEPH COFFEYTRUSTEE
Trustee or director
1$0$0
REV ELIAS CORREA-TORRESTRUSTEE
Trustee or director
1$0$0
JUDGE JAMES DENVER IIITRUSTEE
Trustee or director
1$0$0
MR CONOR GALLAGHERTRUSTEE
Trustee or director
1$0$0
MRS MARY ELLEN GUSTAINISTRUSTEE
Trustee or director
1$0$0
990 for the year ended May 31, 2022: 34 people
NameTitleHours / weekCompensationOther / benefits
DR WILLIAM THIERFELDERPRESIDENT
Officer
60$387,055$48,100
MR PHILLIP BRACHVICE PRESIDENT COLLEGE REL
Officer
60$226,704$26,100
MR ALLAN MARKEXECUTIVE VICE PRESIDENT
Officer
60$200,824$24,900
DR TRAVIS FEEZELLPROVOST
Officer
60$193,924$24,528
MR STEPHEN MISSVICE PRESIDENT AND ATHLETI
Officer
60$154,725$22,203
AUGUSTA GLADDSENIOR ASSOCIATE VICE PRESIDENT STRATEGIC GIVING
Highest-paid employee
50$150,525$12,383
CAROLYN HARMONDEAN OF NURSING
Highest-paid employee
50$130,924$11,954
SAMANTHA DONOHUEASSOCIATE VICE PRESIDENT
Highest-paid employee
50$129,686$10,214
CHERYL TROTTERVICE PRESIDENT OF HR AND OPERATIONS
Highest-paid employee
50$125,806$5,244
ROLANDO RIVASASSOCIATE VICE PRESIDENT MARKETING AND COMMUNICATI
Highest-paid employee
50$112,819$5,927
MR CHARLES C CORNELIOCHAIRMAN
Trustee or director, Officer
5$0$0
MR RICHARD HOEFLINGSECRETARY
Trustee or director, Officer
5$0$0
RT REV PLACID D SOLARI OSBCHANCELLOR
Trustee or director, Officer
3$0$0
MR THOMAS J MOLONYTRUSTEE
Trustee or director
0.5$0$0
MR DAN A NASSTRUSTEE
Trustee or director
1$0$0
MR JAMES V HETZELTRUSTEE
Trustee or director
2$0$0
MR HANS LENGERSTRUSTEE
Trustee or director
1$0$0
MR NICHOLA OMIRLYTRUSTEE
Trustee or director
1$0$0
MR LEROY DAVISTRUSTEE
Trustee or director
1$0$0
MRS REGINA P MOODYTRUSTEE
Trustee or director
1$0$0
MRS SILVIA RODRIQUEZTRUSTEE
Trustee or director
1$0$0
BROTHER TOBIAH ABBOTT OSBTRUSTEE
Trustee or director
1$0$0
MR JAMES CRAWFORD III JD LLM MATRUSTEE
Trustee or director
1$0$0
MRS HEATHER FINKETRUSTEE
Trustee or director
1$0$0
MR THOMAS KELLYTRUSTEE
Trustee or director
1$0$0
MR TERENCE M MURPHYTRUSTEE
Trustee or director
1$0$0
FATHER DAVID BROWNTRUSTEE
Trustee or director
1$0$0
MR MICHAEL SNYDERTRUSTEE
Trustee or director
1$0$0
MR MICHAEL SOIGNETTRUSTEE
Trustee or director
1$0$0
MR CHRIS PARKERTRUSTEE
Trustee or director
1$0$0
MR FRANK TROTTATRUSTEE
Trustee or director
1$0$0
MS MARY CATHERINE SURFACETRUSTEE
Trustee or director
1$0$0
MS SARA EDELTRUSTEE
Trustee or director
1$0$0
FATHER CHRISTOPHER KIRCHGESSNERTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
100 BELMONT MOUNT HOLLY RD, BELMONT, NC 28012-2702
Principal officer (990 for 2024)
JEFFREY W TALLEY, 100 BELMONT-MOUNT HOLLY ROAD, BELMONT, NC 28012
Signed the 990
JEFFREY W TALLEY, PRESIDENT
Phone
(704) 461-6814
Return prepared by
BROWN EDWARDS & COMPANY LLP

Mission

THE MISSION OF BELMONT ABBEY COLLEGE IS TO EDUCATE STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, WE ARE GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, WE WELCOME A DIVERSE BODY OF STUDENTS AND PROVIDE THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, SUCCEED PROFESSIONALLY, BECOME RESPONSIBLE CITIZENS, AND BE A BLESSING TO THEMSELVES AND TO OTHERS.

990 for the year ended May 31, 2025

Program accomplishments

  • INSTRUCTION - BELMONT ABBEY COLLEGE PROVIDES EDUCATION FOR STUDENTS IN THE LIBERAL ARTS AND SCIENCES SO THAT IN ALL THINGS, GOD MAY BE GLORIFIED. IN THIS ENDEAVOR, THE COLLEGE IS GUIDED BY THE CATHOLIC INTELLECTUAL TRADITION AND THE BENEDICTINE SPIRIT OF PRAYER AND LEARNING. EXEMPLIFYING BENEDICTINE HOSPITALITY, THE COLLEGE WELCOMES A DIVERSE BODY OF STUDENTS AND PROVIDES THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO LEAD LIVES OF INTEGRITY, TO SUCCEED PROFESSIONALLY, TO BECOME RESPONSIBLE CITIZENS, AND TO BE A BLESSING TO THEMSELVES AND TO OTHERS. DURING THE 2024-2025 ACADEMIC YEAR THE COLLEGE ENROLLED APPROXIMATELY 1,500 STUDENTS.
    Expenses $45,610,469 · grants $10,848,088 · revenue $42,709,612

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
56-0547498
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1978
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$81,232,897
Income (IRS master file)
$85,412,004

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$63,695,801$59,860,860$81,232,897XML
990May 2024$78,937,014$59,037,196$74,020,353XML
990May 2023$59,979,946$54,875,951$49,779,890XML
990May 2022$47,661,973$50,273,375$38,798,634XML
990May 2021–––IRS
990May 2020–––IRS
990May 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0547498).

Questions about BELMONT ABBEY COLLEGE

What is the EIN of BELMONT ABBEY COLLEGE?
The employer identification number (EIN) of BELMONT ABBEY COLLEGE is 56-0547498.
Is BELMONT ABBEY COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to BELMONT ABBEY COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BELMONT ABBEY COLLEGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BELMONT ABBEY COLLEGE due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BELMONT ABBEY COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of BELMONT ABBEY COLLEGE?
The 990 for the year ended May 31, 2025 names JEFFREY W TALLEY.
Who are the officers and directors of BELMONT ABBEY COLLEGE?
The 990 for the year ended May 31, 2025 lists 34 people; 10 received compensation from the organization, the highest $394,901 (DR WILLIAM THIERFELDER, PRESIDENT).
How much revenue does BELMONT ABBEY COLLEGE have?
On its 990 for the year ended May 31, 2025 it reported revenue of $63,695,801, expenses of $59,860,860 and total assets of $81,232,897 at year end.

Other nonprofits in BELMONT

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