Monmouth College

What Monmouth College does

Monmouth College is a private, nonprofit liberal arts college founded in 1853 and located on a single campus at 700 E Broadway in Monmouth, Illinois. It serves primarily undergraduate students seeking residential four-year degrees, with a stated emphasis on small class sizes, close faculty mentorship, and early undergraduate research. The institution is the founding site of two of the first national women's fraternities — Pi Beta Phi (1867) and Kappa Kappa Gamma (1870) — and Greek life remains a meaningful engagement layer, with roughly 23% of students participating across 19% of men and 28% of women.

The college's core operational technology stack is composed of standard higher-education platforms rather than proprietary IP: Ellucian powers the self-service student portal for registration, financial aid, and billing; Handshake (used by 90% of top US educational institutions) is the primary career and internship platform, supplemented by Parker Dewey for micro-internships; and Nelnet provides tuition installment billing with a $40 per-semester enrollment fee. Adjacent technology vendors (Google Analytics, Google Ads Remarketing, Facebook pixel) handle marketing and retargeting. The college runs 22 NCAA Division III athletic programs (the Fighting Scots), a study abroad program with 52 global destinations including short-term faculty-led 'Scots Terms,' a 16.5-acre LeSuer Nature Preserve for field research, and four student media outlets (WPFS radio, MCTV television, COIL literary magazine, Courier newspaper).

Monmouth's revenue model is dual-stream: recurring tuition and fees from enrolled students (structured as an enrollment deposit of 2.25 course credits plus Nelnet payment-plan subscriptions) and philanthropic donations from alumni and benefactors. A $5 million unrestricted gift from William and Beverly Goldsborough in early 2026 funded technology, residence hall maintenance, and a 'Students Ready for Success' brand initiative, illustrating the central role of major-donor capital campaigns. Additional revenue comes from the Tartan Texts online bookstore and Tartan Threads on-campus spirit store (retail), private foundation and federal scholarships (Gilman, Fulbright, Truman, Mount Vernon Leadership Fellows) flowing to students, and employer partnerships routed through Handshake. The college holds no venture funding, has no parent company, and is governed independently by a Board of Trustees.

Name

Monmouth College

Legal name

Monmouth College

Website

https://monmouthcollege.edu

Company type

Private

Founded year

1853

Operating status

Operating

Headcount range

251–500 employees

Short description

Monmouth College is a private nonprofit liberal arts college in Monmouth, Illinois, founded in 1853, serving primarily undergraduate students with a residential, small-class, mentorship-driven model, and generating revenue from tuition plus alumni philanthropy.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (61131)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Secular/Nonsectarian Liberal Arts Colleges (EDAHACAG)

Keywords

• Liberal arts education
• Undergraduate degree programs
• Study abroad programs
• NCAA Division III athletics
• Career readiness services

Headquarters

HQ city

Monmouth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Tuition and Fees: Monmouth College generates revenue primarily through tuition and fees charged to students for academic programs.
2. Donations and Gifts: The college receives significant donations from alumni and benefactors, including a $5 million gift from William and Beverly Goldsborough for campus improvements and technology upgrades.

Pricing tiers

Distribution channels4 records

Marketing channels6 records

Core offering

Monmouth College is a private, nonprofit liberal arts college founded in 1853 in Monmouth, Illinois, delivering residential undergraduate education across more than 30 majors and minors. The college supplements classroom instruction with study abroad access in approximately 52 destinations, January and May "Scots Terms" short-term faculty-led courses, leadership and career programming through the Wackerle Center, and 22 NCAA Division III athletic programs. Revenue is generated primarily through tuition and fees, with supplemental income from room and board, retail operations (Tartan Threads and Tartan Texts), donations, and grants.

Product overview

Monmouth College is a liberal arts institution offering a portfolio of educational programs and student services. The core academic offerings include traditional classroom programs, a study abroad program with 52 destinations, and specialized programs like the Global Health Minor and Peace Corps Prep. Supporting student success, the Wackerle Center provides career services, the Stockdale Fellows Program offers a four-year leadership development scholarship, and the Scots Care Fund provides emergency financial assistance. Student media operations (WPFS radio, MCTV television, COIL literary magazine, Courier newspaper) and campus facilities (Hewes Library, LeSuer Nature Preserve) provide hands-on learning experiences. Retail services include the Tartan Threads spirit store and Tartan Texts bookstore. The college operates a self-service portal powered by Ellucian for academic and financial management.

Differentiator

Problem solved

Functional benefit

Products and services

• Undergraduate Liberal Arts Education Residential four-year liberal arts degree program offering more than 30 majors and minors to prospective undergraduates, including transfer students, who apply through the Office of Admissions.
• Study Abroad Program Offers Monmouth College undergraduates access to study abroad in approximately 52 destinations, including faculty-led and exchange options.
• Scots Terms (January and May Short-Term Terms) Short-term faculty-led courses offered during January and May terms, typically including travel and experiential study abroad components.
• Stockdale Fellows Program Merit-based leadership scholarship program that supports selected undergraduates in leadership development and fellowship preparation through the Wackerle Center.
• Wackerle Center for Career, Leadership & Fellowships Career services and leadership development center using Handshake to connect students with employers, internships, fellowships, and graduate opportunities.
• Academic & Career Excellence (ACE) Program Student success program supporting academic and career development for Monmouth College undergraduates.
• Global Health Minor Interdisciplinary academic minor in global health available to undergraduates as part of the college's liberal arts curriculum.
• Peace Corps Prep Program Certificate program that prepares undergraduates for U.S. Peace Corps service through coursework and field experience.
• TRIO Student Support Services Federally funded support services program for eligible Monmouth College undergraduates, providing advising, tutoring, and related academic support.
• Hewes Library On-campus academic library providing collections, study spaces, and research support to Monmouth College students, faculty, and staff.
• LeSuer Nature Preserve Campus nature preserve and outdoor research facility used for coursework and undergraduate research, hosted in partnership with Hewes Library.
• NCAA Division III Athletic Programs Twenty-two intercollegiate athletic programs competing at the NCAA Division III level, available to enrolled student-athletes.
• Tartan Threads Spirit Store On-campus retail store selling Monmouth College branded apparel, gifts, and spirit merchandise to students, alumni, and visitors.
• Tartan Texts Bookstore College bookstore providing textbooks, course materials, and Monmouth College branded merchandise, available in physical and online channels.
• Scots Care Fund Philanthropic emergency financial assistance fund providing support to Monmouth College students facing urgent financial needs.

Quantifiable outcome

• Over 75% of seniors indicate having at least one internship prior to graduating

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• HandshakecoreTechnology or IntegrationHandshake is the #1 platform for college students to find jobs. Monmouth College uses Handshake as the primary early talent recruiting platform connecting students with employers across 90% of top US educational institutions.
• NACE (National Association of Colleges and Employers)minorStrategic or Co-development PartnerThe Wackerle Center abides by NACE principles for university relations and recruiting standards.
• Pi Beta PhicoreStrategic or Co-development PartnerPi Beta Phi was founded at Monmouth College in 1867, being one of the first national women's fraternities. The college maintains strong ties to this historic Greek organization.
• Kappa Kappa GammacoreStrategic or Co-development PartnerKappa Kappa Gamma was founded at Monmouth College in 1870, being one of the first national women's fraternities. The college maintains strong ties to this historic Greek organization.
• Zeta Beta Tau FraternitycoreStrategic or Co-development PartnerZBT Delta Lambda chapter at Monmouth has received multiple national awards including Buddy Messing Award, Joseph E. Glazer Award, Lee Dover Award, and Brummer Cup Champions. Currently raising funds for new chapter house at 903 E. Broadway.
• Sigma Phi Epsilon FraternitycoreStrategic or Co-development PartnerSigEp Illinois Gamma chapter celebrating 75th anniversary, receiving Frank J. Ruck Leadership Award. Renovating chapter house at 815 E. Broadway with goal of $450,000.
• Jamieson Community CenterminorStrategic or Co-development PartnerLocal community organization where Stockdale Fellows volunteer and participate in service projects including MLK Service Day.
• Living Lands and WatersminorStrategic or Co-development PartnerAlternative spring break program provider that Monmouth students participate in for service experiences.
• Habitat for HumanityminorStrategic or Co-development PartnerAlternative spring break program provider for student volunteer experiences.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Beloit College: Private liberal arts college in Beloit, Wisconsin (ACM member) with similar historic founding era, NCAA Division III, and small-residential Midwestern liberal arts profile.
• Cornell College: Private liberal arts college in Mount Vernon, Iowa (ACM member) with a similar residential, NCAA Division III profile and historic mid-19th century founding — a classic Midwest liberal arts peer.
• North Central College: Private liberal arts college in Naperville, Illinois; NCAA Division III, similar Illinois-market private liberal arts profile and comparable undergraduate scale.
• Augustana College: Private liberal arts college in Rock Island, Illinois with NCAA Division III athletics, similar degree portfolio, and comparable residential undergraduate scale — directly competes for the same Illinois/Midwest student pool.
• Knox College: Private liberal arts college in Galesburg, Illinois (about 35 miles from Monmouth), also founded pre-Civil War, NCAA Division III, ACM consortium member and similar small-residential Midwestern liberal arts profile.
• Lake Forest College: Private liberal arts college in Lake Forest, Illinois, NCAA Division III, ACM member with similar historic founding era and small-class liberal arts model serving a comparable Illinois applicant segment.
• Illinois Wesleyan University: Private liberal arts university in Bloomington, Illinois with similar undergraduate scale, NCAA Division III athletics, and traditional liberal arts degree offerings — a direct Illinois-market peer.
• Grinnell College: Highly selective private liberal arts college in Grinnell, Iowa (ACM member) with a similar small-residential liberal arts model; while more selective, it competes in the same Midwest liberal arts applicant market.
• Lawrence University: Private liberal arts and conservatory of music in Appleton, Wisconsin (ACM member); NCAA Division III; comparable small-residential Midwestern liberal arts institution with strong study-abroad and undergraduate research focus.
• Ripon College: Private liberal arts college in Ripon, Wisconsin (ACM member); small, residential, NCAA Division III — directly comparable in scale, mission, and Midwest liberal arts positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@monmouthcollege
• Facebookfacebook.com/HewesLibraryMonmouth
• LinkedInlinkedin.com/school/52443/admin/feed/posts
• Instagraminstagram.com/monmouthcollege
• Xx.com/monmouthcollege

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monmouth College