Macalester College
Macalester College reported $328.5 million in revenue and $226.1 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $85.70 went to program services, $11.33 to management and general costs and $2.97 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 49.0% of the total. The highest compensation it reported for one person was $854,262 (PRESIDENT). 178 people received more than $100,000 in reportable compensation. Revenue rose 69% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $226MFor 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 May 31, 2025 · Form 990, Part VIII · total revenue $328MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.29 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 7.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 49.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $854,262 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.38% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 178 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 59.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 28 | 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 of students and academic support of instruction: students from across the united states and 107 countries experience an academic program that prepares them for world citizenship. The student faculty ratio is 10:1, with an average class size of 16. Students can choose from 41 majors and 42 minors. Macalester is committed to admitting an economically diverse student body and meets the full financial need of every student. Enrollment for fall 2025 was 2,068, and 524 students graduated during the 2024-25 fiscal year
Student services: the co-curricular student experience is critical to every student. To support a vibrant student experience, macalester provides a range of student services and support. With more than 100 student-run clubs and organizations, macalester students have significant leadership opportunities. The career exploration department helps students gain valuable work experience and plan their careers after graduation. The leonard center athletic and wellness complex houses training and competition areas and provides fitness and wellness programs. Macalester competes in ncaa division iii…
Residence and dining halls: macalester is a residential campus, located on 53 acres in the center of a major metropolitan area. Two-thirds of students live on campus. Macalester has 10 residence halls and a variety of living learning communities, including 8 language houses, cultural house, the layover: a study away community, perspectives in leadership, eco house, and veggie co-op. The dining hall is located in the campus center to foster a vibrant living-learning community. Locally-sourced organic foods are maximized in dining operations. Food scraps are sent to a local farm. Sustainability…
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 Director/trustee, officer, 40.00 hrs/week | $603,731 | $0 | $250,531 | $854,262 |
| CHIEF INVESTMENT OFFICER Key employee, 40.00 hrs/week | $519,637 | $0 | $48,930 | $568,567 |
| VP FOR ADVANCEMENT Key employee, 40.00 hrs/week | $259,196 | $0 | $53,931 | $313,127 |
| DIR OF ALT INVESTMENTS (END 8/30/24) Highest compensated employee, 40.00 hrs/week | $269,275 | $0 | $42,956 | $312,231 |
| VP OF ADMIN AND FINANCE Officer, 40.00 hrs/week | $253,086 | $0 | $40,116 | $293,202 |
| EXECUTIVE VP AND PROVOST Key employee, 40.00 hrs/week | $260,661 | $0 | $26,653 | $287,314 |
| VP FOR ADMISS & FIN. AID Key employee, 40.00 hrs/week | $221,278 | $0 | $48,190 | $269,468 |
| VP FOR IT SERVICES AND CIO Key employee, 40.00 hrs/week | $202,441 | $0 | $58,426 | $260,867 |
178 people received more than $100,000 in reportable compensation from Macalester College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.6M (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–1b28 · 27 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 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- 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 52,823
- Volunteers Part I, line 61,800
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BON APPETIT MANAGEMENT COMPANY Food service | $6,381,206 |
| MCGOUGH CONSTRUCTION Construction services | $5,549,033 |
| HAMMEL GREEN AND ABRAHAMSON Architecture & engineering services | $2,722,339 |
| INVESTURE LLC Investment fees | $1,757,973 |
| IES Study abroad programs | $971,074 |
Individuals listed as contractors are left out. 71 contractors were paid more than $100,000 in all.
Private foundation grants it received
50 private foundations reported grants to Macalester College totaling $5.5M 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 Macalester 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 Macalester College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Macalester College spent in FY2025, $85.70 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Uplift EducationDallas, TX · revenue $328M · programs 95.4% · FY2025
- Ithaca CollegeIthaca, NY · revenue $333M · programs 88.4% · FY2025
- The University of Georgia FoundationAthens, GA · revenue $327M · programs 94.3% · FY2025
- St Olaf CollegeNorthfield, MN · revenue $333M · programs 92.8% · FY2025
- Abilene Christian UniversityAbilene, TX · revenue $325M · programs 69.8% · FY2025
Questions people ask
How much of Macalester College's spending goes to programs?
In the fiscal year ending May 31, 2025, Macalester College reported that 85.7% of its $226.1 million in expenses went to program services, 11.3% to management and general and 3.0% to fundraising (Form 990, Part IX).
How much does Macalester College pay its top executive?
The largest total compensation Macalester College reported for one person in the fiscal year ending May 31, 2025 was $854,262, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Macalester College get its money?
Of $328.5 million in revenue in the fiscal year ending May 31, 2025, 7.2% came from contributions and grants (including 0.7% from government grants) and 49.0% from program service revenue (Form 990, Part VIII).
Is Macalester College a registered charity?
The IRS lists EIN 41-0693962 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 May 31, 2025, object 202600769349301400 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202540929349300944 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202431069349300843 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202321039349301707 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202230819349301178 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202130899349300208 · read the filing
All filings for EIN 41-0693962: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.