Meredith College
84% goes to programs $20 to raise $100 Strong reserves
Meredith College is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1942, with $81,759,597 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
3800 Hillsborough St, Raleigh, NC, 27607 EIN 56-0530242 Since 1942
Revenue (FY2023)
$81.8M
▼ 4.8% vs prior year
Education median: $200K
Expenses (FY2023)
$87.6M
Net assets
$163.5M
Employees
1,123
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 · $20 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 Meredith College: 84% to programs · $20 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating22 mo reserves · -7% 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 Meredith College: 22 mo reserves · -7% 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 Meredith 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 Meredith College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Founded in 1891, meredith is one of the largest women's colleges in the southeast. meredith offers comprehensive liberal arts and professional studies for undergraduate women. at the graduate level, meredith offers co-educational mba, m.a.t., m.ed., m.s. in nutrition, m.a. in i-o psychology, m.a. in biomedical sciences, and m.a. in criminal justice programs. post-baccalaureate certificate programs include criminal justice, digital media, dietetics, paralegal, and pre-health.
What they do
Auxiliary enterprises: the college provides a number of services that support learning, build community and enhance the overall quality of student life. these include, but are not limited to, residential housing, apartments, dining, campus store and mail services.
Contact & location
- Address
- 3800 Hillsborough St, Raleigh, NC, 27607
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.7M (FY2013) to $81.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $56.5MNet assets $163.5M
Operating margin
-7.1%
Spent more than it raised in the latest fiscal year.
Total assets
$220.0M
Total liabilities
$56.5M
Net assets
$163.5M
Salaries & benefits
$32.8M
37% of expenses
Board members
35
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $81,759,597▼4.8% | $87,593,795▲0.9% | $163,500,160▲5.7% | $219,986,295▲3.3% | 990 |
| 2022 | $85,911,155▼8.2% | $86,801,715▼2.9% | $154,738,547▲5.8% | $213,016,312▲2.3% | 990 |
| 2021 | $93,593,801▲5.7% | $89,348,298▲3.9% | $146,210,972▼10.8% | $208,277,395▼9.5% | 990 |
| 2020 | $88,552,953▼4.8% | $86,010,167▼0.2% | $163,835,145▲21.4% | $230,208,683▲14.4% | 990 |
| 2019 | $93,061,323▲8.0% | $86,188,414▲1.2% | $134,914,976▲3.1% | $201,286,177▲2.2% | 990 |
| 2018 | $86,189,129▼4.6% | $85,178,284▲0.5% | $130,827,904▼0.2% | $196,924,752▼0.8% | 990 |
| 2017 | $90,375,443▼0.6% | $84,744,424▲5.1% | $131,126,269▲5.5% | $198,555,048▲3.6% | 990 |
| 2016 | $90,954,141▲5.0% | $80,650,892▲6.2% | $124,326,065▲13.0% | $191,718,614▲6.3% | 990 |
| 2015 | $86,643,666▲11.5% | $75,929,114▲7.0% | $109,994,105▲2.9% | $180,314,153▲2.2% | 990 |
| 2014 | $77,690,331▲5.4% | $70,948,016▲4.6% | $106,897,789▲3.8% | $176,423,051▲1.7% | 990 |
| 2013 | $73,708,156 | $67,796,355▲4.2% | $102,984,066▲15.9% | $173,549,988▲8.4% | 990 |
| 2012 | — | $65,086,782▲0.6% | $88,833,406▲9.7% | $160,103,513▲3.7% | 990 |
| 2011 | — | $64,714,776▲1.6% | $80,999,547▼6.5% | $154,386,504▼4.7% | 990 |
| 2010 | — | $63,671,124 | $86,593,003 | $162,022,760 | 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 Jo Allen — $385,027 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Jo Allen | President | 40 | $385,027 |
| Tammi Jackson | Vp For Bus/fin | 40 | $202,998 |
| N Jean Jackson | Vp College Progams | 40 | $199,007 |
| Charles Barton | Vp Inst Adv | 40 | $196,769 |
| Kimberly Burke | Dean | 40 | $190,338 |
| Matthew Poslusny | Senior Vp & Provost | 40 | $187,511 |
| Elizabeth Wolfinger | Dean | 40 | $153,087 |
| Bing Yu | Professor | 40 | $144,531 |
| Jeff Langenderfer | Professor | 40 | $143,423 |
| Pamela Galloway | Director of Hr | 40 | $139,281 |
| K Eaves Mclennan | Vp Marketing/communication | 40 | $136,879 |
| Adrienne Cole | Trustee | 1 | — |
| Alma Ammons Hoffmann | Trustee | 1 | — |
| Andrea Oakley Fox | Trustee | 1 | — |
| Ann Lowery | Trustee | 1 | — |
| Bill Crouch | Trustee | 1 | — |
| Brenda Hughes | Trustee | 1 | — |
| Carol Milano | Trustee | 1 | — |
| Carol Tillman | Trustee | 1 | — |
| Charles Royal | Chairman | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Corporation | Dining and Facilities Mgmt. | $2,762,981 |
| Visionpoint Marketing | Digital Advertising & Recruitment | $515,018 |
| Mercer | Investment Management | $365,541 |
| Ellucian | Erm | $359,357 |
| Womble Bond Dickinson | Legal | $227,692 |
Grants received · $6.2M total
108 grants to Meredith College totaling $6.2M, 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 | $305,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $285,000 |
| North Carolina Community Foundation Inc | To support the organization's stated mission | 2024 | $41,840 |
| Charities Aid Foundation America | Charitable donation | 2024 | $34,152 |
| American Online Giving Foundation Inc | General support | 2024 | $24,332 |
| Minneapolis Foundation | Donor advised, education | 2024 | $13,500 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $12,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $11,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $8,300 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $285,000 |
| Donor Advised Charitable Giving | Education | 2023 | $140,145 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $100,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $52,000 |
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Compare Meredith College
Frequently asked questions
- Is Meredith College a legitimate nonprofit?
- Yes. Meredith College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0530242, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Meredith College's EIN?
- Meredith College's Employer Identification Number (EIN) is 56-0530242.
- How much revenue does Meredith College report?
- Meredith College reported $81,759,597 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Meredith College's spending goes to programs?
- Meredith College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Meredith College have?
- CharityIndex grades Meredith College A, based on program efficiency and fundraising cost.
- How much does Meredith College's highest-paid employee make?
- The highest reported compensation on Meredith College's latest Form 990 is $385,027, paid to Dr Jo Allen (President).
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Explore more
Data for Meredith College (EIN 56-0530242) 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.