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Roanoke College

Salem, VA · EIN 54-0505945 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2024 (tax year 2023) · View the filing · Correct or respond

Roanoke College reported $111.6 million in revenue and $108.4 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $84.42 went to program services, $13.86 to management and general costs and $1.72 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.8% of the total. The highest compensation it reported for one person was $589,590 (President Emeritus). 29 people received more than $100,000 in reportable compensation. Revenue fell 6% between FY2020 and FY2024. Source: Form 990, FY2024.

Where $100 of spending went

The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $108M

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, 2024 · Form 990, Part VIII · total revenue $112M

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

FY2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2024Median
Program services
Part IX 25(B) ÷ 25(A)
84.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
13.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.14$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
11.6%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
2.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
78.8%69.9%
Highest reported compensation
Part VII-A, columns D–F
$589,590$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.54%1.28%
People paid over $100,000
Part VII, line 2
298
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
36.313.3
Independent voting board members
Part VI 1a–1b
32 of 32100.0%

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

FY2024 · Form 990, Part III · the three largest programs by expense
$58M expenses · 63.5% of program spending · grants $34M · revenue $71M

Student Instruction - undergraduate college education

$13M expenses · 13.8% of program spending · revenue $23M

Auxiliary Services - dining, residence halls, bookstore operated on campus for student use

$16M expenses · 17.9% of program spending

Student Services - programming for students

$4.4M all other programs (line 4d)

Highest reported compensation

FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President Emeritus
Officer, 40 hrs/week
$579,807$0$9,783$589,590
President
Officer, 40 hrs/week
$397,249$0$20,349$417,598
Vice President Finance and Administration
Officer, 40 hrs/week
$310,369$0$14,333$324,702
Vice President Academic Affairs
Key employee, 40 hrs/week
$228,669$0$14,333$243,002
Vice President Advancement
Key employee, 40 hrs/week
$202,311$0$19,950$222,261
Vice President for Marketing & Communications
Key employee, 40 hrs/week
$200,573$0$11,975$212,548
Senior Advisor President Strategic Initiatives
Highest compensated employee, 40 hrs/week
$144,671$0$12,437$157,108
Vice President for Community, Diversity & Inclusion
Highest compensated employee, 40 hrs/week
$143,226$0$7,653$150,879

29 people received more than $100,000 in reportable compensation from Roanoke College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).

5 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$200MFY2020FY2021FY2022FY2023FY2024$112M$108M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2024 ⓘ$112M$108M84.4%$328M$589,590
FY2023 ⓘ$108M$100M83.7%$310M$410,173
FY2022 ⓘ$144M$123M87.0%$291M$392,842
FY2021 ⓘ$126M$111M90.0%$291M$341,689
FY2020 ⓘ$119M$119M87.1%$243M$373,139

Governance answers, as filed

FY2024 · 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–1b32 · 32 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 51,599
  • Volunteers Part I, line 6115

Private foundation grants it received

51 private foundations reported grants to Roanoke College totaling $1.6M 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 Roanoke 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 Roanoke 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 Roanoke College's spending goes to programs?

In the fiscal year ending June 30, 2024, Roanoke College reported that 84.4% of its $108.4 million in expenses went to program services, 13.9% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Roanoke College pay its top executive?

The largest total compensation Roanoke College reported for one person in the fiscal year ending June 30, 2024 was $589,590, for the role of President Emeritus (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Roanoke College get its money?

Of $111.6 million in revenue in the fiscal year ending June 30, 2024, 11.6% came from contributions and grants (including 2.0% from government grants) and 78.8% from program service revenue (Form 990, Part VIII).

Is Roanoke College a registered charity?

The IRS lists EIN 54-0505945 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349312471 · read the filing · XML
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411299349302136 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321319349304662 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241269349300919 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100419349301305 · read the filing

All filings for EIN 54-0505945: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.