Macalester College
- Assets
- $1.2b
- Revenue
- $186.1m
- Investments
- $521.0m
- Employees
- 2,746
- Location
- St Paul, MN
- Founding
- 07/1936
- Data as of
- 05/2021
- EIN
- 41-0693962
Organization Overview
Macalester College is located in St Paul, MN. The organization was established in 1936. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Macalester College employed 2,746 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macalester College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2021, Macalester College generated $186.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $183.7m during the year ending 05/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Macalester College has awarded 42 individual grants totaling $937,547. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MACALESTER IS A FOUR-YEAR HIGHLY-SELECTIVE LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 94 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE STUDENT FACULTY RATIO IS 10:1, WITH AN AVERAGE CLASS SIZE OF 17. STUDENTS CAN CHOOSE FROM 41 MAJORS AND 42 MINORS. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY STUDENT. ENROLLMENT FOR FALL 2021 WAS 2,244, AND 543 STUDENTS GRADUATED DURING THE 2021-2022 FISCAL YEAR.
STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER EXPLORATION DEPARTMENT HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS AFTER GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 21 MEN'S AND WOMEN'S SPORTS TEAMS.
RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE HALLS, 8 LANGUAGE HOUSES, AND 8 THEME RESIDENCES (ECOHOUSE, CULTURAL HOUSE, ALL GENDER COMMUNITY, INTERFAITH HOUSE, VEGGIE CO-OP, STUDY ABROAD HOUSE, SUBSTANCE-FREE AFFIRMING COMMUNITY, AND DIETARY AFFIRMING INTENTIONAL COMMUNITY). THE DINING HALL IS LOCATED IN THE CAMPUS CENTER TO FOSTER A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM. SUSTAINABILITY IS AN IMPORTANT PRIORITY; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE.
OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne M Rivera President | OfficerTrustee | 40 | $585,522 |
Brian Rosenberg President | 40 | $381,890 | |
David Wheaton VP Of Admin And Finance | 40 | $363,040 | |
Gary Martin Chief Investment Officer | Officer | 40 | $362,620 |
Karine Moe Provost/dean Of Faculty | Officer | 40 | $279,433 |
David A Brown VP For Advancement | Officer | 40 | $272,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors Inc Investment Fees | 5/30/22 | $637,154 |
Bon Appetit Management Co Food Service | 5/30/22 | $5,661,517 |
Palmer West Construction Co Inc Construction | 5/30/22 | $1,108,386 |
Ies Study Abroad Programs | 5/30/22 | $604,554 |
Loffler Companies Mail & Document Service | 5/30/22 | $558,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,067,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,113,698 |
| Noncash contributions included in lines 1a–1f | $703,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,180,951 |
| Total Program Service Revenue | $125,363,418 |
| Investment income | $13,393,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $763,067 |
| Net Gain/Loss on Asset Sales | $30,891,748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,131,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,000 |
| Grants and other assistance to domestic individuals. | $66,220,207 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,836,343 |
| Compensation of current officers, directors, key employees. | $1,637,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,755,537 |
| Pension plan accruals and contributions | $4,381,409 |
| Other employee benefits | $10,566,313 |
| Payroll taxes | $3,512,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,060,668 |
| Fees for services: Accounting | $98,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,213,043 |
| Fees for services: Other | $8,254,663 |
| Advertising and promotion | $88,941 |
| Office expenses | $3,637,773 |
| Information technology | $2,450,076 |
| Royalties | $0 |
| Occupancy | $4,384,305 |
| Travel | $153,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,459 |
| Interest | $3,063,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,210,054 |
| Insurance | $97,857 |
| All other expenses | $2,215,649 |
| Total functional expenses | $183,734,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,663,220 |
| Pledges and grants receivable | $2,027,613 |
| Accounts receivable, net | $1,605,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $976,854 |
| Net Land, buildings, and equipment | $222,448,278 |
| Investments—publicly traded securities | $368,968,657 |
| Investments—other securities | $521,001,761 |
| Investments—program-related | $8,147,031 |
| Intangible assets | $0 |
| Other assets | $42,492,145 |
| Total assets | $1,183,330,680 |
| Accounts payable and accrued expenses | $13,258,808 |
| Grants payable | $2,644,891 |
| Deferred revenue | $2,787,920 |
| Tax-exempt bond liabilities | $82,328,787 |
| Escrow or custodial account liability | $668,069 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,911,851 |
| Total liabilities | $117,600,326 |
| Net assets without donor restrictions | $218,999,119 |
| Net assets with donor restrictions | $846,731,235 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,183,330,680 |
Grants Awarded
Over the last fiscal year, Macalester College has awarded $119,346 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Carbondale, IL PURPOSE: RESEARCH SUBGRANT | $52,003 |
St Paul, MN PURPOSE: SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD | $30,000 |
UNIVERSITY OF WISCONSIN-RIVER FALLS PURPOSE: RESEARCH SUBGRANT | $14,681 |
UNIVERSITY OF MINNESOTA PURPOSE: RESEARCH SUBGRANT | $12,662 |
St Paul, MN PURPOSE: SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Macalester College has recieved totaling $91,000.
| Awarding Organization | Amount |
|---|---|
Uw Harold S Geneen Charitable Tr Dallas, TX PURPOSE: SUPPORTS MULTIPLE | $90,000 |
James L Reissner Family Foundation Minneapolis, MN PURPOSE: TO FURTHER CHARITABLE PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $835,859,602 |
| Earnings | $30,207,174 |
| Admin Expense | $2,878,385 |
| Net Contributions | $8,476,734 |
| Other Expense | $9,908,117 |
| Grants | $27,823,942 |
| Ending Balance | $833,933,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Augsburg University Minneapolis, MN | $220,780,212 | $133,913,998 |
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |