Mary Baldwin University is a 501(c)(3) organization based in Staunton, Virginia, registered in 1933, with $56,662,332 in FY2023 revenue. CharityIndex grades it B+, and it directs about 84% of spending to programs.
Revenue (FY2023)
$56.7M
▼ 5.9% vs prior year
Education median: $200K
Expenses (FY2023)
$66.1M
Net assets
$52.8M
Employees
997
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Mary Baldwin University: 84% to programs · $23 to raise $100 earns a A on this criterion. See the exact thresholds →
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 Mary Baldwin University: 10 mo reserves · -17% margin earns a C+ on this criterion. See the exact thresholds →
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 Mary Baldwin University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Mary Baldwin University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mary baldwin university empowers leaders to pursue lives of purpose in a changing world. as a distinctive small university committed to its rich heritage as an inclusive, women-centered liberal arts university, mary baldwin fulfills its mission by providing undergraduate, graduate, and professional education to a diverse population of women and men. it emphasizes high ethical standards and the development of critical, creative, and reflective reasoning as the foundation for fulfilling, engaged, and meaningful lives.
Instructional - various programs such as traditional degrees, continuing education, summer programs, consortium and studies abroad to approximately 2,244 students.
Revenue grew from $39.7M (FY2013) to $56.7M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
-16.6%
Spent more than it raised in the latest fiscal year.
Total assets
$77.9M
Total liabilities
$25.2M
Net assets
$52.8M
Salaries & benefits
$29.3M
44% of expenses
Board members
28
26 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $56,662,332▼5.9% | $66,070,655▼1.6% | $52,752,606▼11.2% | $77,940,208▼9.9% | 990 |
| 2022 | $60,205,035▼27.7% | $67,152,920▲0.3% | $59,389,768▼6.0% | $86,535,808▼2.5% | 990 |
| 2021 | $83,218,385▲26.6% | $66,923,366▲14.9% | $63,206,739▲25.9% | $88,755,029▲25.0% | 990 |
| 2020 | $65,745,418▲18.0% | $58,243,195▼8.4% | $50,207,343▲23.2% | $71,020,083▲11.5% | 990 |
| 2019 | $55,719,348▲7.5% | $63,554,637▲30.9% | $40,743,434▼26.5% | $63,690,166▼19.7% | 990 |
| 2017 | $51,823,106▲12.5% | $48,557,129▲1.3% | $55,444,586▼3.5% | $79,303,836▼4.3% | 990 |
| 2016 | $46,052,100▲7.7% | $47,945,770▲9.5% | $57,439,069▼1.0% | $82,876,257▼1.0% | 990 |
| 2015 | $42,743,626▼6.4% | $43,779,824▼1.1% | $58,035,328▼4.8% | $83,727,181▼4.7% | 990 |
| 2014 | $45,644,072▲15.1% | $44,279,992▲10.0% | $60,946,584▼4.1% | $87,881,559▼5.7% | 990 |
| 2013 | $39,664,639 | $40,254,952▲2.8% | $63,584,441▲5.2% | $93,166,078▲22.1% | 990 |
| 2012 | — | $39,161,734▲1.2% | $60,437,555▲10.4% | $76,308,078▲7.0% | 990 |
| 2011 | — | $38,693,349▲7.9% | $54,740,934▲38.3% | $71,316,944▲25.6% | 990 |
| 2010 | — | $35,852,691▼4.7% | $39,594,850▲17.0% | $56,774,122▲8.5% | 990 |
| 2009 | — | $37,611,515 | $33,839,341 | $52,316,790 | 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.
Highest-paid: Pamela Fox — $406,209 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Pamela Fox | Former President | 35 | $406,209 |
| Sean Simplicio | Chief Financial Officer and Treasurer | 35 | $299,779 |
| William Webb | Evp For Aca. Aff./cao/dean, Palmer College of Prof | 35 | $280,621 |
| Ernest Jeffries | Vp of Student Engagement | 35 | $247,882 |
| Charles Davis | Vp of Institutional Advancement | 35 | $238,208 |
| Matthew Munsey | Vp of Enrollment Management | 35 | $211,131 |
| Paul Menzer | Vp & Dean, Gold College of Arts & Sciences | 35 | $206,813 |
| Evangelos Kobolakis | Avp of Information Tech./cio | 35 | $201,188 |
| Jeffrey Stein | President | 35 | $200,258 |
| Susan Stevens | Sr. Associate Dean-mdchs | 35 | $199,048 |
| Amii Barnard-bahn | Board Trustee | 0 | — |
| Andrew Shipp | Board Trustee | 0 | — |
| Charles Heiner | Board Trustee | 0 | — |
| Constance Dierickx | Co-vice Chair | 0 | — |
| Donna Smith | Board Trustee | 0 | — |
| Eloise Chandler | Co-vice Chair | 0 | — |
| Gabrielle Mccree | Board Chair | 0 | — |
| Hal Johnson | Board Secretary | 0 | — |
| Harvey Westbrook Jr | Board Trustee | 0 | — |
| Helen Forster | Board Trustee | 0 | — |
| Contractor | Services | Paid |
|---|---|---|
| Chartwells Dining Services | Food Service Management | $2,130,089 |
| Aramark Services | Food Services | $559,534 |
| Universal Protection Service LP | Security Services | $493,157 |
| Bridgestone Construction LLC | Construction | $377,755 |
| Spark451 Inc | Marketing Services | $324,569 |
63 grants to Mary Baldwin University totaling $6.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $325,280 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $5,981 |
| The Community Foundation Inc | University or private school | 2024 | $5,500 |
| Donor Advised Charitable Giving | Education | 2023 | $514,300 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $325,280 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $71,800 |
| Tulsa Community Foundation | Scholarships | 2023 | $15,917 |
| Charities Aid Foundation America | Charitable donation | 2023 | $5,050 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2022 | $304,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $118,200 |
| Donor Advised Charitable Giving | Education | 2022 | $19,250 |
| Tulsa Community Foundation | Scholarships | 2022 | $10,000 |
| American Online Giving Foundation Inc | General support | 2022 | $5,299 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2021 | $281,800 |
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Data for Mary Baldwin University (EIN 54-0506319) 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.