Charity Impact Media

Home › Education

Randolph-Macon Academy

Front Royal, VA · EIN 54-0505939 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Randolph-Macon Academy reported $18.3 million in revenue and $17.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.55 went to program services, $20.86 to management and general costs and $2.59 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.4% of the total. The highest compensation it reported for one person was $317,475 (President). 2 people received more than $100,000 in reportable compensation. Revenue rose 20% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $18M

For 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, 2025 · Form 990, Part VIII · total revenue $18M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
76.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
20.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.6%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.09$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
29.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
63.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$317,475$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.80%1.28%
People paid over $100,000
Part VII, line 2
28
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
22.313.3
Independent voting board members
Part VI 1a–1b
19 of 19100.0%

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 expense
$13M expenses · 100.0% of program spending · grants $3.0M · revenue $12M

All program service expenses are directly related to activities necessary in operating a boarding education institution

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 40.00 hrs/week
$297,136$0$20,339$317,475
Dir. of Enrollment Mgmt.
Highest compensated employee, 40.00 hrs/week
$192,936$0$14,876$207,812

2 people received more than $100,000 in reportable compensation from Randolph-Macon Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $317K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$18M$18M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$18M76.5%$33M$317,475
FY2024 ⓘ$15M$19M77.7%$31M$281,250
FY2023 ⓘ$21M$19M79.7%$33M$315,253
FY2022 ⓘ$14M$15M79.5%$30M$288,044
FY2021 ⓘ$14M$14M79.8%$34M$229,818
FY2020 ⓘ$15M$13M76.8%$32M$220,383

Governance 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–1b19 · 19 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 14bNo
  • Employees Part I, line 5149
  • Volunteers Part I, line 633

Private foundation grants it received

7 private foundations reported grants to Randolph-Macon Academy totaling $798K 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 Randolph-Macon Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Randolph-Macon Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Virginia

Questions people ask

How much of Randolph-Macon Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Randolph-Macon Academy reported that 76.5% of its $17.6 million in expenses went to program services, 20.9% to management and general and 2.6% to fundraising (Form 990, Part IX).

How much does Randolph-Macon Academy pay its top executive?

The largest total compensation Randolph-Macon Academy reported for one person in the fiscal year ending June 30, 2025 was $317,475, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Randolph-Macon Academy get its money?

Of $18.3 million in revenue in the fiscal year ending June 30, 2025, 29.1% came from contributions and grants and 63.4% from program service revenue (Form 990, Part VIII).

Is Randolph-Macon Academy a registered charity?

The IRS lists EIN 54-0505939 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 June 30, 2025, object 202641359349311464 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510159349300516 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303459349300035 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202203549349301205 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231249349301848 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033569349300823 · read the filing

All filings for EIN 54-0505939: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.