Lees-McRae College
Lees-McRae College reported $52.3 million in revenue and $47.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $79.13 went to program services, $20.02 to management and general costs and $0.85 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.3% of the total. The highest compensation it reported for one person was $387,289 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 59% 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 $47MFor 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 $52MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 66.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $387,289 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.82% | 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 | 20.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 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 expenseEducation, general / other: lees-Mcrae College is an accredited, non-profit, coeducational, nonsectarian institution of higher education with enrollment of approximately 910 undergraduate students
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, 50.00 hrs/week | $354,102 | $0 | $33,187 | $387,289 |
| SVP OF ENROLLMENT MANAGEME Highest compensated employee, 50.00 hrs/week | $213,758 | $0 | $10,974 | $224,732 |
| VP OF AASSESSMENT & EFFECTIVENESS Officer, 50.00 hrs/week | $185,882 | $0 | $20,484 | $206,366 |
| VP OF BUSINESS AFFAIRS Officer, 50.00 hrs/week | $181,227 | $0 | $20,334 | $201,561 |
| VP OF ACADEMIC AFFAIRS AND Officer, 50.00 hrs/week | $173,930 | $0 | $17,283 | $191,213 |
| VP OF STUDENT AFFAIRS Highest compensated employee, 50.00 hrs/week | $142,615 | $0 | $19,153 | $161,768 |
6 people received more than $100,000 in reportable compensation from Lees-McRae College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $930K (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–1b21 · 21 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 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 5525
- Volunteers Part I, line 611
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CHILDREN'S HOPE ALLIANCE Child advocacy and welfare organization | $5,015,500 |
| GENUINE FOOD LAB LLC Food service | $3,467,517 |
| ARAMARK DALLAS LOCKBOX Food service | $830,000 |
| JMS ROOFING & SHEET METAL INC Roofing repair and replacement company | $634,666 |
Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.
Private foundation grants it received
25 private foundations reported grants to Lees-McRae College totaling $671K 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 Lees-McRae 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 Lees-McRae College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lees-McRae College spent in FY2025, $79.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Rex and Margaret Fortune School of EducationSacramento, CA · revenue $52M · programs 92.5% · FY2025
- Northwest UniversityKirkland, WA · revenue $52M · programs 82.1% · FY2025
- Scus Head Start ProgramsFairfield, CT · revenue $52M · programs 87.0% · 2024
- Emma Willard SchoolTroy, NY · revenue $52M · programs 70.7% · FY2025
- Bridgewater CollegeBridgewater, VA · revenue $52M · programs 87.9% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Lees-McRae College's spending goes to programs?
In the fiscal year ending May 31, 2025, Lees-McRae College reported that 79.1% of its $47.5 million in expenses went to program services, 20.0% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Lees-McRae College pay its top executive?
The largest total compensation Lees-McRae College reported for one person in the fiscal year ending May 31, 2025 was $387,289, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lees-McRae College get its money?
Of $52.3 million in revenue in the fiscal year ending May 31, 2025, 19.6% came from contributions and grants (including 0.3% from government grants) and 66.3% from program service revenue (Form 990, Part VIII).
Is Lees-McRae College a registered charity?
The IRS lists EIN 56-0529953 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 202630909349300943 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202521029349300412 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202401039349301200 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202311029349300821 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202220769349300437 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202101059349300530 · read the filing
All filings for EIN 56-0529953: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.