Macalester College
- Assets
- $1.1b
- Revenue
- $186.4m
- Investments
- $542.6m
- Employees
- 2,834
- Location
- St Paul, MN
- Founding
- 07/1936
- Data as of
- 05/2023
- 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 05/2023, Macalester College employed 2,834 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 05/2023, Macalester College generated $186.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $207.5m during the year ending 05/2023. While expenses have increased by 2.9% per year over the past 8 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 46 individual grants totaling $1,396,359. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 102 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 2022 WAS 2,175, AND 511 STUDENTS GRADUATED DURING THE 2022-23 FISCAL YEAR.
OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Rivera President | OfficerTrustee | 40 | $550,853 |
Gary Martin Chief Investment Officer | Officer | 40 | $378,393 |
David A Brown VP Advancement (end 2/27/23) | Officer | 40 | $274,274 |
Lisa Anderson-Levy Executive VP & Provost | Officer | 40 | $247,076 |
Patricia Langer VP Of Admin & Finance | Officer | 40 | $241,042 |
Derrick Griffin Dir Of Alt Investments | 40 | $228,231 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Food Service | 5/30/23 | $5,614,992 |
Dis - Danish Institute For Study Abroad Study Abroad Programs | 5/30/23 | $849,950 |
Ies Study Abroad Programs | 5/30/23 | $794,698 |
Silchester International Investors Inc Investment Fees | 5/30/23 | $607,919 |
Berwald Roofing Company Inc Construction | 5/30/23 | $789,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,912,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,552,558 |
| Noncash contributions included in lines 1a–1f | $290,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,465,430 |
| Total Program Service Revenue | $147,772,597 |
| Investment income | $13,560,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,035,010 |
| Net Gain/Loss on Asset Sales | $3,161,306 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,433,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $562,768 |
| Grants and other assistance to domestic individuals. | $71,845,117 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,441,052 |
| Compensation of current officers, directors, key employees. | $1,459,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,526,409 |
| Pension plan accruals and contributions | $4,159,131 |
| Other employee benefits | $10,915,038 |
| Payroll taxes | $3,672,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,010,657 |
| Fees for services: Accounting | $109,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $819,470 |
| Fees for services: Other | $9,776,103 |
| Advertising and promotion | $128,244 |
| Office expenses | $5,802,321 |
| Information technology | $2,949,090 |
| Royalties | $0 |
| Occupancy | $4,821,279 |
| Travel | $3,045,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,348 |
| Interest | $2,713,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,239,079 |
| Insurance | $102,249 |
| All other expenses | $3,392,190 |
| Total functional expenses | $207,478,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,720,442 |
| Pledges and grants receivable | $3,490,447 |
| Accounts receivable, net | $3,279,106 |
| 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 | $1,364,652 |
| Net Land, buildings, and equipment | $209,172,087 |
| Investments—publicly traded securities | $314,909,424 |
| Investments—other securities | $542,604,314 |
| Investments—program-related | $7,974,323 |
| Intangible assets | $0 |
| Other assets | $37,101,623 |
| Total assets | $1,136,616,418 |
| Accounts payable and accrued expenses | $13,777,130 |
| Grants payable | $1,183,377 |
| Deferred revenue | $1,662,630 |
| Tax-exempt bond liabilities | $74,865,456 |
| Escrow or custodial account liability | $820,472 |
| 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 | $12,340,169 |
| Total liabilities | $104,649,234 |
| Net assets without donor restrictions | $218,332,769 |
| Net assets with donor restrictions | $813,634,415 |
| 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 | $1,136,616,418 |
Grants Awarded
Over the last fiscal year, Macalester College has awarded $562,768 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MACALESTER GROVELAND COMMUNITY COUNCIL PURPOSE: SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD | $35,500 |
UNION PARK DISTRICT COUNCIL PURPOSE: SUPPORT OF COMMUNITY ORGANIZING IN THE MACALESTER-GROVELAND NEIGHBORHOOD | $10,000 |
SOUTHERN ILLINOIS UNIVERSITY PURPOSE: RESEARCH SUBGRANT | $71,850 |
MACRO CONSORTIUM PURPOSE: MAINTAIN AND PROVIDE ACCESS TO ROBOTIC TELESCOPE FOR EDUCATION AND RESEARCH | $38,916 |
THE WASHINGTON UNIVERSITY PURPOSE: RESEARCH SUBGRANT | $95,056 |
AUGSBURG UNIVERSITY PURPOSE: RESEARCH SUBGRANT | $37,650 |