Knox College
84% goes to programs $22 to raise $100 Strong reserves
Knox College is a 501(c)(3) organization based in Galesburg, Illinois, registered in 1935, with $97,565,022 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
2 E South St, Galesburg, IL, 61401 EIN 37-0673513 Since 1935
Revenue (FY2023)
$97.6M
▲ 13.9% vs prior year
Education median: $200K
Expenses (FY2023)
$98.8M
Net assets
$219.1M
Employees
1,356
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating84% to programs · $22 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Knox College: 84% to programs · $22 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating27 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Knox College: 27 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Knox College: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Knox College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide a liberal arts education to students from diverse backgrounds.
Contact & location
- Address
- 2 E South St, Galesburg, IL, 61401
- City
- Galesburg
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $93.6M (FY2013) to $97.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $55.7MNet assets $219.1M
Operating margin
-1.3%
Spent more than it raised in the latest fiscal year.
Total assets
$274.9M
Total liabilities
$55.7M
Net assets
$219.1M
Salaries & benefits
$33.7M
34% of expenses
Board members
37
36 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $97,565,022▲13.9% | $98,819,471▼1.4% | $219,130,196▲4.3% | $274,878,074▲4.1% | 990 |
| 2022 | $85,663,549▼12.2% | $100,199,020▲8.2% | $210,159,336▼0.9% | $264,068,800▼0.8% | 990 |
| 2021 | $97,618,540▲8.0% | $92,613,634▲11.7% | $211,979,149▼13.1% | $266,274,982▼9.5% | 990 |
| 2020 | $90,404,751▲0.8% | $82,885,777▼4.9% | $244,049,842▲22.2% | $294,322,347▲14.2% | 990 |
| 2019 | $89,653,894▼5.1% | $87,201,155▼3.1% | $199,778,376▲1.3% | $257,828,933▲2.4% | 990 |
| 2018 | $94,452,142▼8.8% | $90,017,912▲2.2% | $197,302,663▲6.2% | $251,720,323▲7.7% | 990 |
| 2017 | $103,614,687▲11.4% | $88,102,983▲3.6% | $185,831,950▲12.0% | $233,809,465▲8.5% | 990 |
| 2016 | $93,045,021▲8.8% | $85,040,360▲1.4% | $165,974,455▲14.9% | $215,504,867▲10.2% | 990 |
| 2015 | $85,486,520▼7.2% | $83,894,181▲5.5% | $144,409,158▼3.5% | $195,510,828▼1.2% | 990 |
| 2014 | $92,116,143▼1.5% | $79,513,790▲5.5% | $149,598,825▲3.6% | $197,820,060▲1.4% | 990 |
| 2013 | $93,552,771 | $75,376,079▲5.1% | $144,426,915▲26.8% | $195,133,000▲20.3% | 990 |
| 2012 | — | $71,748,533▲3.4% | $113,890,822▲26.8% | $162,161,089▲13.5% | 990 |
| 2011 | — | $69,359,671▲5.2% | $89,837,074▲5.8% | $142,853,498▲3.3% | 990 |
| 2010 | — | $65,962,447▲2.0% | $84,872,683▲25.5% | $138,315,339▲13.6% | 990 |
| 2009 | — | $64,686,458 | $67,626,980 | $121,704,369 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dr C Andrew Mcgadney — $423,638 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr C Andrew Mcgadney | President & Ex Offcio Trustee | 55 | $423,638 |
| Monica Keith | Vp For Advancement | 40 | $236,305 |
| Heather Bumps | Vp For Strategic Initiates | 40 | $208,829 |
| Dr Michael Schneider | Provost & Dean of the College | 40 | $206,350 |
| Alec Guroff | Vp Finance and Cfo, Treasurer | 40 | $200,253 |
| Brad Nolden | Vp For Administration | 40 | $188,457 |
| Dr Marquita Barker | Vp For Student Development | 40 | $173,902 |
| J Mark Wilson | Associate Vp, Principal Gifts | 40 | $143,241 |
| Nathan Ament | Vp For Enrollment | 40 | $137,289 |
| James Stevens | Chief Information Officer | 40 | $112,901 |
| Mary Crawford | Associate Dean of the College | 40 | $110,226 |
| Sandra Gray | Asst. Vp For Advancement | 40 | $106,391 |
| Angie Hopping | Controller, Assistant Treasurer | 40 | $99,683 |
| Robert Barker | Secretary of the College | 40 | $75,150 |
| Anna Jo Clark | Dir of Institutional Research | 40 | $64,519 |
| Dr Akwasi Asabere | Alumni Trustee | 1 | — |
| Dr Barbara A Baird | Vice Chair | 2 | — |
| Dr David A Schulz | General Trustee | 1 | — |
| Dr Gwen L Lexow | General Trustee | 1 | — |
| Dr Keith E Maskus | General Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bon Appetit Management Company | Dining Management | $4,413,557 |
| Collegis LLC | It Management | $1,134,179 |
| Eab Global | Admissions Support | $863,012 |
| Jenzabar | It Installation | $501,205 |
| Truth and Consequences | Marketing Support | $395,028 |
Grants received · $7.9M total
88 grants to Knox College totaling $7.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $71,851 |
| Columbus Foundation | Education | 2024 | $41,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $6,548 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $582,037 |
| Donor Advised Charitable Giving | Education | 2023 | $262,671 |
| American Online Giving Foundation Inc | General support | 2023 | $79,810 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $72,759 |
| Jewish Community Foundation of Greater Metrowest Nj | General | 2023 | $35,600 |
| Columbus Foundation | Education | 2023 | $35,500 |
| San Francisco Foundation | For scholarship support, as specified. | 2023 | $21,595 |
| National Philanthropic Tr | Human services | 2023 | $16,000 |
| Truth Initiative Foundation | Community and youth engagement grants | 2023 | $7,842 |
| Dayton Foundation | Various projects | 2023 | $7,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $6,805 |
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Compare Knox College
Frequently asked questions
- Is Knox College a legitimate nonprofit?
- Yes. Knox College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-0673513, based in Galesburg, Illinois. Donations are tax-deductible.
- What is Knox College's EIN?
- Knox College's Employer Identification Number (EIN) is 37-0673513.
- How much revenue does Knox College report?
- Knox College reported $97,565,022 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Knox College's spending goes to programs?
- Knox College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Knox College have?
- CharityIndex grades Knox College A, based on program efficiency and fundraising cost.
- How much does Knox College's highest-paid employee make?
- The highest reported compensation on Knox College's latest Form 990 is $423,638, paid to Dr C Andrew Mcgadney (President & Ex Offcio Trustee).
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Data for Knox College (EIN 37-0673513) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.