Randolph-Macon College
- Assets
- $398.1m
- Revenue
- $106.4m
- Investments
- $53.1m
- Employees
- 1,165
- Location
- Ashland, VA
- Founding
- 05/1923
- Data as of
- 06/2022
- EIN
- 54-0505940
Organization Overview
Randolph-Macon College is located in Ashland, VA. The organization was established in 1923. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Randolph-Macon College employed 1,165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph-Macon 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 06/2022, Randolph-Macon College generated $106.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $96.6m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A RANDOLPH-MACON COLLEGE LIBERAL ARTS EDUCATION DEVELOPS THE MIND AND CHARACTER OF EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A FOUR YEAR LIBERAL ARTS CURRICULUM TO APPROXIMATELY 1,477 STUDENTS.
RANDOLPH-MACON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A FOUR YEAR LIBERAL ARTS CURRICULUM TO APPROXIMATELY 1,477 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne W Brandon Edd Trustee | Trustee | 1 | $0 |
L Preston Bryant Jr The Hon Trustee | Trustee | 1 | $0 |
William A Davis Jr Rev Trustee | Trustee | 1 | $0 |
Sanjay Tandon Trustee | Trustee | 1 | $0 |
Timothy P O'brien Trustee | Trustee | 1 | $0 |
Susan D Schick Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Services | 6/29/22 | $3,869,609 |
English Construction Co Inc Construction Services | 6/29/22 | $15,216,936 |
Riddleberger Brothers Inc General Contractor | 6/29/22 | $1,278,722 |
Rtw Media Audio Video Solutions | 6/29/22 | $517,855 |
Cpl Architectural Services | 6/29/22 | $728,183 |
Riddleberger Brothers Inc General Contractor | 6/29/22 | $1,278,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,275,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,291,262 |
| Noncash contributions included in lines 1a–1f | $1,850,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,566,946 |
| Total Program Service Revenue | $78,275,134 |
| Investment income | $8,388,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $373,812 |
| Net Gain/Loss on Asset Sales | $2,488,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,931 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,388,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,819,686 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,262,073 |
| Compensation of current officers, directors, key employees. | $367,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,657,104 |
| Pension plan accruals and contributions | $1,043,654 |
| Other employee benefits | $4,846,955 |
| Payroll taxes | $1,838,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,465 |
| Fees for services: Accounting | $69,121 |
| Fees for services: Lobbying | $3,015 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $760,310 |
| Fees for services: Other | $1,241,229 |
| Advertising and promotion | $951,017 |
| Office expenses | $2,009,792 |
| Information technology | $1,483,691 |
| Royalties | $0 |
| Occupancy | $4,240,098 |
| Travel | $141,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,869 |
| Interest | $964,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,816,290 |
| Insurance | $649,700 |
| All other expenses | -$1,404,935 |
| Total functional expenses | $96,600,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,471,162 |
| Savings and temporary cash investments | $8,576,625 |
| Pledges and grants receivable | $4,630,525 |
| Accounts receivable, net | $1,237,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,875,775 |
| Inventories for sale or use | $197,669 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $149,463,440 |
| Investments—publicly traded securities | $151,519,869 |
| Investments—other securities | $53,124,895 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,959,982 |
| Total assets | $398,057,628 |
| Accounts payable and accrued expenses | $9,165,181 |
| Grants payable | $0 |
| Deferred revenue | $3,052,817 |
| Tax-exempt bond liabilities | $54,063,090 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $663,528 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,466,498 |
| Total liabilities | $78,411,114 |
| Net assets without donor restrictions | $165,346,170 |
| Net assets with donor restrictions | $154,300,344 |
| 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 | $398,057,628 |