Randolph College
79% goes to programs $12 to raise $100 Strong reserves
Randolph College is a 501(c)(3) organization based in Lynchburg, Virginia, registered in 1944, with $43,932,622 in FY2023 revenue. CharityIndex grades it B+, and it directs about 79% of spending to programs.
2500 Rivermont Ave, Lynchburg, VA, 24503 EIN 54-0505941 Since 1944
Revenue (FY2023)
$43.9M
▲ 66.7% vs prior year
Education median: $200K
Expenses (FY2023)
$44.8M
Net assets
$261.3M
Employees
681
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating79% to programs · $12 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 Randolph College: 79% to programs · $12 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating70 mo reserves · -2% 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 Randolph College: 70 mo reserves · -2% 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 Randolph College: 6 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 Randolph College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Instruction (liberal arts higher education)
Contact & location
- Address
- 2500 Rivermont Ave, Lynchburg, VA, 24503
- City
- Lynchburg
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $62.2M (FY2013) to $43.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $23.2MNet assets $261.3M
Operating margin
-2.1%
Spent more than it raised in the latest fiscal year.
Total assets
$284.4M
Total liabilities
$23.2M
Net assets
$261.3M
Salaries & benefits
$20.3M
45% of expenses
Board members
27
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $43,932,622▲66.7% | $44,833,551▲10.6% | $261,280,172▲0.6% | $284,439,609▲1.6% | 990 |
| 2022 | $26,358,729▼49.6% | $40,534,853▲5.0% | $259,689,609▼2.9% | $280,008,378▼3.0% | 990 |
| 2021 | $52,320,654▲19.6% | $38,611,524▲9.7% | $267,488,650▼4.0% | $288,608,919▼4.1% | 990 |
| 2020 | $43,744,013▼24.4% | $35,207,125▼24.7% | $278,528,542▲26.0% | $300,877,810▲22.8% | 990 |
| 2019 | $57,841,682▲3.9% | $46,759,444▼2.0% | $220,982,200▼1.9% | $245,094,377▼1.5% | 990 |
| 2018 | $55,687,972▲14.6% | $47,733,633▲0.7% | $225,367,182▲1.2% | $248,871,686▲0.7% | 990 |
| 2017 | $48,587,506▼2.8% | $47,378,431▲1.9% | $222,745,352▲4.2% | $247,206,756▲2.0% | 990 |
| 2016 | $49,996,565▼24.0% | $46,500,758▲4.5% | $213,848,989▲5.9% | $242,260,951▲5.1% | 990 |
| 2015 | $65,810,510▲45.4% | $44,490,044▲4.5% | $201,881,322▼1.5% | $230,508,865▼1.4% | 990 |
| 2014 | $45,246,715▼27.3% | $42,556,122▲1.4% | $204,913,325▼2.0% | $233,685,220▼1.4% | 990 |
| 2013 | $62,232,511 | $41,954,109▲3.9% | $209,036,294▲19.2% | $237,107,112▲15.9% | 990 |
| 2012 | — | $40,388,868▲12.4% | $175,406,909▲2.0% | $204,574,452▲0.4% | 990 |
| 2011 | — | $35,946,269▲3.4% | $172,012,678▼6.4% | $203,667,639▼6.0% | 990 |
| 2010 | — | $34,752,395▲6.6% | $183,744,908▲9.4% | $216,594,676▲7.1% | 990 |
| 2009 | — | $32,587,365 | $167,916,401 | $202,201,945 | 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: Sue Ott Rowlands — $403,364 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sue Ott Rowlands | College President | 40 | $403,364 |
| John F Keener | Vp For Institutional Effectiveness and Registrar | 40 | $183,473 |
| Jonathan P Tyree | Treasurer/vp For Finance and Administration | 40 | $180,583 |
| Nickcole Maynard-errami | Former Director of Human Resources | 40 | $159,481 |
| Elizabeth A Perry-sizemore | Presidential Fellow | 40 | $153,000 |
| Farah M Marks | Vp For Institutional Advancement | 40 | $147,634 |
| A Katrin Schenk | Associate Professor of Physics | 40 | $128,790 |
| Steven E Willis | Secretary/special Assistant To the President | 40 | $101,456 |
| Alexandra H Yakubov | Trustee | 2 | — |
| Alison E Buckley | Trustee | 2 | — |
| Carl C Coffey | Trustee | 2 | — |
| Caroline R Noyes | Trustee | 2 | — |
| Charles B White | Trustee | 2 | — |
| Edna A Rehbein | Trustee | 2 | — |
| Elizabeth H Crighton | Trustee | 2 | — |
| Eugenia Livings Welburn | Trustee Vice-chair | 2 | — |
| Gilbert E Jr Schill | Trustee | 2 | — |
| Glee C Smith | Trustee | 2 | — |
| Henry G Jr White | Trustee | 2 | — |
| Hollis R Spiller | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark | Dining and Catering Services | $2,310,757 |
| Vmdo Architects PC | Construction | $1,326,451 |
| The Richmond Fund LP | Investment Management | $1,139,048 |
| Spark451 Inc | Enrolment Management Services | $401,899 |
| Dell Marketing | Technological Equipment | $253,089 |
Grants received · $7.8M total
104 grants to Randolph College totaling $7.8M, 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 | $276,060 |
| Stark Community Foundation Inc | Education | 2024 | $25,000 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $15,000 |
| The Community Foundation For Greater Atlanta Inc | International foreign affairs | 2024 | $13,700 |
| American Endowment Foundation | Educational | 2024 | $13,000 |
| American Gift Fund | Operations | 2024 | $11,000 |
| The Community Foundation of Greater Birmingham | Education | 2024 | $10,384 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $10,000 |
| Giveclear Foundation | Program support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $7,935 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $6,300 |
| Donor Advised Charitable Giving | Education | 2023 | $460,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $387,524 |
| Lettie Pate Whitehead Foundation Inc | For scholarships for medical technology and health related fields. | 2023 | $276,060 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $77,500 |
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Compare Randolph College
Frequently asked questions
- Is Randolph College a legitimate nonprofit?
- Yes. Randolph College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0505941, based in Lynchburg, Virginia. Donations are tax-deductible.
- What is Randolph College's EIN?
- Randolph College's Employer Identification Number (EIN) is 54-0505941.
- How much revenue does Randolph College report?
- Randolph College reported $43,932,622 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Randolph College's spending goes to programs?
- Randolph College spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Randolph College have?
- CharityIndex grades Randolph College B+, based on program efficiency and fundraising cost.
- How much does Randolph College's highest-paid employee make?
- The highest reported compensation on Randolph College's latest Form 990 is $403,364, paid to Sue Ott Rowlands (College President).
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Data for Randolph College (EIN 54-0505941) 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.