Ferrum College
Ferrum College reported $40.0 million in revenue and $41.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.97 went to program services, $13.90 to management and general costs and $1.13 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.7% of the total. The highest compensation it reported for one person was $223,255 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue fell 21% 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 $41MFor 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 $40MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 22.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 72.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $223,255 | $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 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 29.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 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 - ferrum maintains a tradition of offering a comprehensive academic program in accord with a liberal arts core. We strive to provide education and to maximize students' chances for success by providing one-on-one support, individual attention and positive reinforcement. The curriculum includes opportunities for career preparation as well as personal development in order to help each student fulfill his or her personal educational goals. Ferrum College offers 32 majors and 41 minors, as well as a student-faculty ratio of 11:1. The college strives to provide pre-professional…
Academic support stanley library consists of the 21st century learning area which houses our learning engagement and practice (leap) studio for library instruction, our digital media center, our digital audio lab, and our "green screen" room. The library also has a sufficient print collection, a learning commons study area, full range of resource sharing services, and other quiet study areas. The michael christian '63 for first-year experience is designed to help students adjust to Ferrum College and obtain the necessary skills to become a successful college student. The program engages new…
Student services - student leadership and engagement facilitates a diverse calendar of events that enhances and compliments the curriculum and co-curriculum; supports clubs and organizations that not only involve, but engages students, and promotes service learning. Athletics - Ferrum College considers intercollegiate athletics to be an integral part of the college experience and seeks to provide positive and enriching programs that complement and reinforce the educational pursuits, academic success, and athletic excellence of student athletes. Admissions promotes Ferrum College through…
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 Officer, 55.00 hrs/week | $204,188 | $0 | $19,067 | $223,255 |
| VP FOR INSTITUTIONAL ADVAN Highest compensated employee, 40.00 hrs/week | $130,049 | $0 | $12,313 | $142,362 |
| VICE PRESIDENT OF TECHNOLOGY Highest compensated employee, 40.00 hrs/week | $125,879 | $0 | $505 | $126,384 |
| PROVOST Highest compensated employee, 55.00 hrs/week | $111,138 | $0 | $12,580 | $123,718 |
| ASSOC VP ACADEMIC AFFAIRS Highest compensated employee, 40.00 hrs/week | $104,215 | $0 | $12,580 | $116,795 |
| DIRECTOR OF NURSING Highest compensated employee, 40.00 hrs/week | $100,836 | $0 | $7,989 | $108,825 |
| ASSOC CHIEF ACCOUNTING OFFICER/CFO Officer, 55.00 hrs/week | $84,509 | $0 | $10,926 | $95,435 |
| CHIEF LEGAL OFFICER Officer, 20.00 hrs/week | $5,216 | $0 | $0 | $5,216 |
6 people received more than $100,000 in reportable compensation from Ferrum College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (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–1b17 · 16 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 5643
- Volunteers Part I, line 620
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| METZ CULINARY MANAGEMENT Dining services | $2,621,817 |
| BLAIR CONSTRUCTION Building contractor | $859,930 |
| ELLUCIAN INC Technology solutions | $549,569 |
| BLACK TIE BUS CHARTERS Athletic transportation | $258,051 |
| ACCESSU Marketing | $222,075 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
17 private foundations reported grants to Ferrum College totaling $203K 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 Ferrum 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 Ferrum College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ferrum College spent in FY2025, $84.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Saint Mary-Of-The-Woods CollegeSt Mary of the Woods, IN · revenue $40M · programs 82.9% · FY2025
- TraceBoise, ID · revenue $40M · programs 99.4% · 2025
- Park Tudor FoundationIndianapolis, IN · revenue $40M · programs 85.9% · FY2025
- Stephen Gaynor SchoolNew York, NY · revenue $40M · programs 80.3% · FY2025
- Spalding UniversityLouisville, KY · revenue $40M · programs 82.3% · FY2025
Questions people ask
How much of Ferrum College's spending goes to programs?
In the fiscal year ending June 30, 2025, Ferrum College reported that 85.0% of its $41.4 million in expenses went to program services, 13.9% to management and general and 1.1% to fundraising (Form 990, Part IX).
How much does Ferrum College pay its top executive?
The largest total compensation Ferrum College reported for one person in the fiscal year ending June 30, 2025 was $223,255, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ferrum College get its money?
Of $40.0 million in revenue in the fiscal year ending June 30, 2025, 22.5% came from contributions and grants (including 0.9% from government grants) and 72.7% from program service revenue (Form 990, Part VIII).
Is Ferrum College a registered charity?
The IRS lists EIN 54-0506457 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 202601359349304085 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349306356 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349316371 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311289349301741 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231299349301923 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131319349302763 · read the filing
All filings for EIN 54-0506457: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.