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Randolph-Macon College

Ashland, VA · EIN 54-0505940 · 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 College reported $126.1 million in revenue and $117.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.70 went to program services, $5.95 to management and general costs and $2.35 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.5% of the total. The highest compensation it reported for one person was $427,133 (PRESIDENT). 48 people received more than $100,000 in reportable compensation. Revenue rose 32% 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 $117M

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 $126M

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)
91.7%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
5.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.3%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.23$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
1.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
77.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$427,133$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.36%1.28%
People paid over $100,000
Part VII, line 2
488
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
36.613.3
Independent voting board members
Part VI 1a–1b
44 of 45100.0%

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
$107M expenses · 100.0% of program spending · grants $48M · revenue $101M

Randolph-Macon College is an institution of higher education providing a four year liberal arts curriculum to approximately 1,843 students

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
Director/trustee, officer, 40.00 hrs/week
$334,191$0$92,942$427,133
VP ENROLLMENT
Key employee, 40.00 hrs/week
$235,186$0$36,772$271,958
FOUNDING CHAIR OF NURSING
Highest compensated employee, 40.00 hrs/week
$232,553$0$17,066$249,619
PROFESSOR OF HISTORY
Highest compensated employee, 40.00 hrs/week
$231,603$0$8,295$239,898
PROVOST
Key employee, 40.00 hrs/week
$221,678$0$11,552$233,230
FORMER VP ADMIN & FINANCE
Former, 40.00 hrs/week
$189,630$0$42,630$232,260
VP ADVANCEMENT
Key employee, 40.00 hrs/week
$186,128$0$36,472$222,600
CHAIR & PHY. ASST PROG DIR
Highest compensated employee, 40.00 hrs/week
$165,836$0$24,296$190,132

48 people received more than $100,000 in reportable compensation from Randolph-Macon College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (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$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$126M$117M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$126M$117M91.7%$357M$427,133
FY2024 ⓘ$102M$108M91.9%$341M$553,437
FY2023 ⓘ$108M$102M92.2%$334M$439,937
FY2022 (amended) ⓘ$106M$97M92.6%$320M$833,141
FY2021 ⓘ$119M$95M92.4%$344M$431,300
FY2020 ⓘ$95M$93M91.8%$289M$436,799

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–1b45 · 44 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 4Yes
  • 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 51,346
  • Volunteers Part I, line 68

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ENGLISH CONSTRUCTION COMPANY INC
Construction services
$11,010,665
PARKHURST DINING LLC
Food services
$4,643,272
RIDDLEBERGER BROTHERS INC
Hvac services
$1,352,498
SYCOM TECHNOLOGIES
Network services
$813,523
ACADEMY
Transportation servicesq
$354,908

Individuals listed as contractors are left out. 34 contractors were paid more than $100,000 in all.

Private foundation grants it received

31 private foundations reported grants to Randolph-Macon College totaling $486K 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 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 Randolph-Macon College, 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 College's spending goes to programs?

In the fiscal year ending June 30, 2025, Randolph-Macon College reported that 91.7% of its $117.1 million in expenses went to program services, 5.9% to management and general and 2.3% to fundraising (Form 990, Part IX).

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

The largest total compensation Randolph-Macon College reported for one person in the fiscal year ending June 30, 2025 was $427,133, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Randolph-Macon College get its money?

Of $126.1 million in revenue in the fiscal year ending June 30, 2025, 9.3% came from contributions and grants (including 1.0% from government grants) and 77.5% from program service revenue (Form 990, Part VIII).

Is Randolph-Macon College a registered charity?

The IRS lists EIN 54-0505940 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 202631209349301523 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541299349301939 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349304924 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202303489349300315 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349306079 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101339349302020 · read the filing

All filings for EIN 54-0505940: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.