Macalester College
86% goes to programs $29 to raise $100 Strong reserves Growing revenue
Macalester College is a 501(c)(3) organization based in Saint Paul, Minnesota, registered in 1936, with $328,451,827 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
1600 Grand Ave, Saint Paul, MN, 55105 EIN 41-0693962 Since 1936
Revenue (FY2024)
$328.5M
▲ 46.2% vs prior year
Education median: $200K
Expenses (FY2024)
$226.1M
Net assets
$1.1B
Employees
2,823
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating86% to programs · $29 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 Macalester College: 86% to programs · $29 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating59 mo reserves · +31% 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 Macalester College: 59 mo reserves · +31% margin earns a A 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 Macalester 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 Macalester College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Macalester is a four-year highly-selective liberal arts college.
What they do
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 and a variety of living learning communities, including 8 language houses, cultural house, the layover: a study away community, perspectives in leadership, eco house, and veggie co-op. 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.
Contact & location
- Address
- 1600 Grand Ave, Saint Paul, MN, 55105
- City
- Saint Paul
- State
- Minnesota
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $166.1M (FY2013) to $328.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $93.1MNet assets $1.1B
Operating margin
31.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$93.1M
Net assets
$1.1B
Salaries & benefits
$89.9M
40% of expenses
Board members
28
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $328,451,827▲46.2% | $226,110,361▲4.5% | $1,111,540,540▲2.1% | $1,204,649,550▲1.8% | 990 |
| 2023 | $224,715,359▲20.5% | $216,451,523▲4.3% | $1,088,335,335▲5.5% | $1,183,342,955▲4.1% | 990 |
| 2022 | $186,433,740▼23.6% | $207,478,400▲1.0% | $1,031,967,184▼2.9% | $1,136,616,418▼2.9% | 990 |
| 2021 | $244,054,079▲31.1% | $205,353,835▲11.8% | $1,062,349,433▼0.3% | $1,170,331,985▼1.1% | 990 |
| 2020 | $186,131,359▼4.3% | $183,734,830▲0.4% | $1,065,730,354▲20.0% | $1,183,330,680▲17.4% | 990 |
| 2019 | $194,574,901▲2.2% | $182,968,113▼0.3% | $887,943,816▼6.4% | $1,007,704,963▼6.2% | 990 |
| 2018 | $190,322,410▲0.6% | $183,542,061▲5.1% | $948,880,400▼1.7% | $1,074,114,627▼2.0% | 990 |
| 2017 | $189,131,208▲9.3% | $174,685,213▲3.7% | $965,659,629▲3.4% | $1,096,074,911▲5.1% | 990 |
| 2016 | $172,999,728▲7.7% | $168,504,922▲2.4% | $933,512,630▲6.1% | $1,043,222,267▲4.9% | 990 |
| 2015 | $160,633,000▼10.9% | $164,481,644▲6.7% | $879,625,019▼7.8% | $994,641,549▼6.6% | 990 |
| 2014 | $180,208,896▲8.5% | $154,224,009▲4.4% | $954,319,602▲3.3% | $1,065,377,191▲2.6% | 990 |
| 2013 | $166,078,460 | $147,752,114▲2.1% | $924,216,523▲7.7% | $1,038,453,296▲5.9% | 990 |
| 2012 | — | $144,756,812▲4.1% | $858,503,679▲9.6% | $980,923,048▲9.7% | 990 |
| 2011 | — | $139,003,483▲4.9% | $783,319,630▼4.6% | $893,913,303▼4.3% | 990 |
| 2010 | — | $132,557,613▲5.9% | $821,491,474▲10.6% | $934,013,579▲11.3% | 990 |
| 2009 | — | $125,222,635 | $743,030,765 | $839,235,596 | 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 (FY2024)
Highest-paid: Suzanne M Rivera — $603,731 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Suzanne M Rivera | President | 40 | $603,731 |
| Gary Martin End 83024 | Chief Investment Officer | 40 | $519,637 |
| Derrick Griffin | Dir of Alt Investments (end 8/30/24) | 40 | $269,275 |
| Lisa Anderson-levy | Executive Vp and Provost | 40 | $260,661 |
| Joanna Curtis | Vp For Advancement | 40 | $259,196 |
| Patricia Langer | Vp of Admin and Finance | 40 | $253,086 |
| Jeff Allen | Vp For Admiss & Fin. Aid | 40 | $221,278 |
| Alina Wong | Vp For Instiutional Equity | 40 | $212,669 |
| Jennifer Haas | Vp For It Services and Cio | 40 | $202,441 |
| Jeff Doherty End 83024 | Director, Investment Analysis | 40 | $202,095 |
| Thomas Halverson | Dean of the Faculty | 40 | $190,926 |
| Thomas Varberg | Professor | 40 | $188,067 |
| Paul Overvoorde | Vice Provost & Associate Dean of the Faculty | 40 | $187,522 |
| Carley Stuber | Avp of Development | 40 | $180,831 |
| Duchess Harris | Professor | 40 | $179,161 |
| Kathryn Kay Coquemont | Vp For Student Affairs & Deans of Students | 40 | $171,710 |
| Amy Pahl | Treasurer | 1 | — |
| Andrew Kaufteil | Trustee | 1 | — |
| Aukse Jurkute | Trustee | 1 | — |
| Broderick C Grubb | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bon Appetit Management Company | Food Service | $6,381,206 |
| Mcgough Construction | Construction Services | $5,549,033 |
| Hammel Green and Abrahamson | Architecture & Engineering Services | $2,722,339 |
| Investure LLC | Investment Fees | $1,757,973 |
| Ies | Study Abroad Programs | $971,074 |
Grants received · $18.0M total
177 grants to Macalester College totaling $18.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ayco Charitable Foundation | Education | 2024 | $132,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $85,000 |
| American Online Giving Foundation Inc | General support | 2024 | $41,846 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $20,261 |
| Minneapolis Foundation | Donor advised, education | 2024 | $16,100 |
| Nellie Mae Education Foundation Inc | General support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Endowment Foundation | Educational | 2024 | $6,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,272 |
| National Philanthropic Tr | Religion | 2023 | $561,350 |
| Donor Advised Charitable Giving | Education | 2023 | $279,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $246,940 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $104,047 |
| Ayco Charitable Foundation | Education | 2023 | $82,000 |
Grants made · $129K in FY2024
4 grants totaling $129K in FY2024. All grants made by Macalester College →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin-river Falls | Research subgrant | $50,203 |
| Macalester-groveland Community Council | Support of community organizing in the macalester-groveland neighborhood. | $35,250 |
| Macro Consortium | Maintain and provide access to robotic telescope for education and research | $28,200 |
| Augsburg University | Research subgrant | $15,000 |
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Frequently asked questions
- Is Macalester College a legitimate nonprofit?
- Yes. Macalester College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0693962, based in Saint Paul, Minnesota. Donations are tax-deductible.
- What is Macalester College's EIN?
- Macalester College's Employer Identification Number (EIN) is 41-0693962.
- How much revenue does Macalester College report?
- Macalester College reported $328,451,827 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Macalester College's spending goes to programs?
- Macalester College spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Macalester College have?
- CharityIndex grades Macalester College A, based on program efficiency and fundraising cost.
- How much does Macalester College's highest-paid employee make?
- The highest reported compensation on Macalester College's latest Form 990 is $603,731, paid to Suzanne M Rivera (President).
More nonprofits in Saint Paul
Explore more
Data for Macalester College (EIN 41-0693962) 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.