Lafayette College
84% goes to programs $19 to raise $100 Strong reserves
Lafayette College is a 501(c)(3) organization based in Easton, Pennsylvania, registered in 1942, with $262,517,308 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
730 Sullivan Rd, Easton, PA, 18042 EIN 24-0795686 Since 1942
Revenue (FY2023)
$262.5M
▲ 1.4% vs prior year
Education median: $200K
Expenses (FY2023)
$278.3M
Net assets
$1.4B
Employees
2,560
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $19 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 Lafayette College: 84% to programs · $19 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating59 mo reserves · -6% 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 Lafayette College: 59 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Lafayette College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Lafayette College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provision of educational services as an accredited four-year undergraduate college.
What they do
As a residential college, lafayette students complement their academic. scholarship with a myriad of opportunities to connect with one another and learn from the large world represented on the college's campus. as part of their experience at a residential college, lafayette students are deeply engaged academically and have significant opportunities to engage in a vast offering of extracurricular and co-curricular possibilities. lafayette college offers more than 150 student clubs and organizations, 23 ncaa division 1 athletic programs, and numerous experiences in the fine arts and performing arts all of which are complemented by a strong student life program that enhances the lafayette experience beyond the classroom.
Contact & location
- Address
- 730 Sullivan Rd, Easton, PA, 18042
- City
- Easton
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $192.8M (FY2013) to $262.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $371.6MNet assets $1.4B
Operating margin
-6.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$371.6M
Net assets
$1.4B
Salaries & benefits
$107.7M
39% of expenses
Board members
34
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $262,517,308▲1.4% | $278,282,629▲7.7% | $1,373,324,002▲7.8% | $1,744,964,455▲5.8% | 990 |
| 2022 | $258,966,915▼2.8% | $258,407,731▲7.1% | $1,273,469,768▲6.0% | $1,649,595,334▲4.8% | 990 |
| 2021 | $266,381,429▲13.7% | $241,181,437▲17.3% | $1,201,177,090▼2.4% | $1,574,043,978▼2.5% | 990 |
| 2020 | $234,245,342▲2.5% | $205,645,124▼10.0% | $1,230,582,870▲22.4% | $1,615,001,306▲16.9% | 990 |
| 2019 | $228,460,340▼2.7% | $228,590,896▼0.5% | $1,005,301,245▲0.4% | $1,381,563,896▼0.4% | 990 |
| 2018 | $234,681,594▼10.7% | $229,795,481▲6.7% | $1,001,371,151▲0.6% | $1,387,145,011▲0.8% | 990 |
| 2017 | $262,865,295▲0.5% | $215,351,015▲3.3% | $995,257,336▲5.7% | $1,376,620,355▲3.3% | 990 |
| 2016 | $261,462,319▲15.2% | $208,481,429▲5.7% | $941,791,351▲10.0% | $1,332,988,727▲14.0% | 990 |
| 2015 | $226,966,152▼14.6% | $197,265,545▲2.5% | $856,472,311▼2.8% | $1,169,089,515▼2.1% | 990 |
| 2014 | $265,747,108▲37.8% | $192,466,347▲3.7% | $880,962,867▼1.3% | $1,194,375,377▼1.0% | 990 |
| 2013 | $192,833,927 | $185,580,060▲3.0% | $892,629,426▲12.3% | $1,206,509,667▲12.9% | 990 |
| 2012 | — | $180,114,150▲0.3% | $794,783,335▲9.6% | $1,068,647,504▲6.1% | 990 |
| 2011 | — | $179,526,089▲2.5% | $725,190,535▼3.4% | $1,006,873,292▼0.8% | 990 |
| 2010 | — | $175,131,700▲4.4% | $751,020,802▲12.2% | $1,014,954,297▲8.6% | 990 |
| 2009 | — | $167,670,502 | $669,190,678 | $934,713,850 | 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: Krishna Memani — $939,939 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Krishna Memani | Chief Investment Officer | 50 | $939,939 |
| Nicole F Hurd | President | 50 | $906,957 |
| John R Dailey | Director of Investments | 50 | $505,701 |
| Li Zhao | Director of Investments | 50 | $462,824 |
| Leslie F Muhlfelder - Vp Human | Res., Gen. Counsel (thru 06/2023) | 50 | $431,052 |
| John D Troxell | Head Coach - Football | 50 | $413,023 |
| Audra J Kahr | Evp Finance & Administration | 50 | $396,244 |
| John E Meier | Provost (thru 06/2024) | 50 | $331,704 |
| Sherryta Freeman | Director of Athletics | 50 | $297,224 |
| Bruce A Murphy | Kirby Professor of Government & Law | 50 | $277,791 |
| John L O'keefe - Vp Chief | Informaiton Officer (thru 10/2024) | 50 | $246,403 |
| Forrest Stuart | Vp Enrollment Management | 50 | $244,026 |
| Kimberly A Spang - Vp Dev | College Relations (thru 07/2023) | 50 | $227,313 |
| Alma Scott-buczak | Assoc Vp Human Resources | 50 | $215,504 |
| Craig Becker | Assoc Vp Finance (thru 06/2024) | 50 | $212,733 |
| Sarah Moschenross - Vice Pres | For Student Life (as of 09/2023) | 50 | $75,617 |
| Alvin M Yearwood | Trustee | 2 | — |
| Angel L Mendez | Secretary | 5 | — |
| Antonio F Fernandez | Executive Committee | 3 | — |
| Claudine D Lilien | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| North Star Construction Management Inc | Construction | $25,113,831 |
| Irwin & Leighton | Construction | $13,576,746 |
| Parkhurst Dining LLC | Dining Services | $12,742,796 |
| Bi-state Construction Company Inc | Construction | $2,130,117 |
| Super Heat Inc | Repair Service | $2,029,959 |
Grants received · $34.1M total
184 grants to Lafayette College totaling $34.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $180,000 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $141,500 |
| American Online Giving Foundation Inc | General support | 2024 | $62,512 |
| Charities Aid Foundation America | Charitable donation | 2024 | $37,595 |
| Ayco Charitable Foundation | Education | 2024 | $31,326 |
| American Endowment Foundation | Educational | 2024 | $29,500 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $27,100 |
| The New York Community Trust | For a scholarship award. | 2024 | $12,500 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,000 |
| The Pittsburgh Foundation | Higher education | 2024 | $7,282 |
| United Way of Metropolitan Chicago Inc | Program support | 2024 | $5,096 |
| National Philanthropic Tr | Education | 2023 | $1,280,800 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,276,527 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $673,696 |
| Donor Advised Charitable Giving | Education | 2023 | $402,176 |
Grants made · $86K in FY2023
3 grants totaling $86K in FY2023. All grants made by Lafayette College →
| Recipient | Purpose | Amount |
|---|---|---|
| South Dakota State University | Nih grant | $68,810 |
| Syracuse University | Nsf grant | $11,609 |
| University of Maryland Baltimore County | Collaborative research | $5,985 |
Similar organizations in Education
Education
Widener University
Chester, PA
$267.4M
Aannual revenue
Education
Community Services For Children Inc
Allentown, PA
$255.5M
B+annual revenue
Education
Bryn Mawr College
Bryn Mawr, PA
$273.7M
Aannual revenue
Education
Dickinson College
Carlisle, PA
$244.5M
Aannual revenue
Education
Temple University Health System Inc
Philadelphia, PA
$283.2M
Cannual revenue
Education
Gettysburg College
Gettysburg, PA
$231.6M
Aannual revenue
Education
University of Scranton
Scranton, PA
$294.1M
Aannual revenue
Education
Pennsylvania Cyber Charter School
Midland, PA
$223.6M
Aannual revenue
Education
Lake Erie College of Osteopathic Medicine Inc
Erie, PA
$222.1M
B+annual revenue
Education
Business Leadership Organized For Catholic Schools
Kng Of Prussa, PA
$213.6M
A+annual revenue
Compare Lafayette College
Frequently asked questions
- Is Lafayette College a legitimate nonprofit?
- Yes. Lafayette College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 24-0795686, based in Easton, Pennsylvania. Donations are tax-deductible.
- What is Lafayette College's EIN?
- Lafayette College's Employer Identification Number (EIN) is 24-0795686.
- How much revenue does Lafayette College report?
- Lafayette College reported $262,517,308 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lafayette College's spending goes to programs?
- Lafayette College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lafayette College have?
- CharityIndex grades Lafayette College A, based on program efficiency and fundraising cost.
- How much does Lafayette College's highest-paid employee make?
- The highest reported compensation on Lafayette College's latest Form 990 is $939,939, paid to Krishna Memani (Chief Investment Officer).
More nonprofits in Easton
Explore more
Data for Lafayette College (EIN 24-0795686) 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.