Randolph-macon College
92% goes to programs $33 to raise $100 Strong reserves
Randolph-macon College is a 501(c)(3) organization based in Ashland, Virginia, registered in 1923, with $101,949,732 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
Po Box 5005, Ashland, VA, 23005 EIN 54-0505940 Since 1923
Revenue (FY2023)
$101.9M
▼ 5.3% vs prior year
Education median: $200K
Expenses (FY2023)
$108.2M
Net assets
$341.3M
Employees
1,242
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 rating92% to programs · $33 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-macon College: 92% to programs · $33 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating38 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 Randolph-macon College: 38 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 Randolph-macon 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-macon College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A randolph-macon college liberal arts education develops the mind and character of each student.
Contact & location
- Address
- Po Box 5005, Ashland, VA, 23005
- City
- Ashland
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $83.0M (FY2013) to $101.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $70.8MNet assets $341.3M
Operating margin
-6.1%
Spent more than it raised in the latest fiscal year.
Total assets
$412.1M
Total liabilities
$70.8M
Net assets
$341.3M
Salaries & benefits
$36.5M
34% of expenses
Board members
45
44 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $101,949,732▼5.3% | $108,176,584▲6.5% | $341,267,606▲2.1% | $412,054,904▲1.1% | 990 |
| 2022 | $107,681,531▲1.2% | $101,544,777▲5.1% | $334,136,292▲4.5% | $407,431,391▲2.4% | 990 |
| 2021 | $106,388,149▼10.8% | $96,600,817▲2.1% | $319,646,514▼7.1% | $398,057,628▼6.6% | 990 |
| 2020 | $119,204,346▲25.1% | $94,640,794▲1.8% | $344,207,935▲19.0% | $426,120,167▲21.8% | 990 |
| 2019 | $95,275,193▼1.0% | $92,950,382▲4.9% | $289,238,745▲2.1% | $349,731,096▲2.8% | 990 |
| 2018 | $96,217,521▼38.7% | $88,587,505▲6.0% | $283,411,076▲2.4% | $340,049,412▲1.4% | 990 |
| 2017 | $156,927,998▲88.5% | $83,604,467▲5.2% | $276,827,079▲26.3% | $335,454,835▲19.2% | 990 |
| 2016 | $83,263,830▲3.4% | $79,501,715▲1.4% | $219,238,558▲7.4% | $281,425,644▲4.6% | 990 |
| 2015 | $80,537,985▼0.7% | $78,375,952▲4.2% | $204,134,982▼3.8% | $269,119,123▼2.2% | 990 |
| 2014 | $81,122,608▼2.3% | $75,204,655▲10.5% | $212,221,099▲4.1% | $275,084,085▲4.8% | 990 |
| 2013 | $83,006,651 | $68,070,667▲4.9% | $203,856,662▲12.9% | $262,609,298▲12.3% | 990 |
| 2012 | — | $64,890,423▲2.4% | $180,617,097▲8.0% | $233,836,844▲6.6% | 990 |
| 2011 | — | $63,352,099▲8.0% | $167,218,215▼0.3% | $219,346,600▲0.1% | 990 |
| 2010 | — | $58,676,669▲2.5% | $167,656,489▲22.0% | $219,041,817▲24.1% | 990 |
| 2009 | — | $57,246,436 | $137,471,625 | $176,443,825 | 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: Robert R Lindgren Esq — $410,505 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert R Lindgren Esq | President | 40 | $410,505 |
| Paul T Davies | Vp Admin & Finance, Treasu | 40 | $257,432 |
| Alisa J Rosenthal | Provost | 40 | $189,133 |
| Diane M Lowder Esq | Vp Advancement | 40 | $180,784 |
| Cynthia Rubenstein | Founding Chair of Nursing | 40 | $178,668 |
| Erich Grant | Chair & Phy. Asst Prog Dir | 40 | $158,745 |
| Brenda Poggendorf | Vp Enrollment | 40 | $152,428 |
| Beth Campbell | Assoc. Vp Marketing & Comm | 40 | $128,245 |
| Grant Azdel | Vp Student Affairs | 40 | $125,913 |
| Matthew Lafont | Asst Professor Economics/business | 40 | $124,016 |
| Timothy Bullis | Exec. Asst To President | 40 | $32,917 |
| Alice C Fruth | Trustee | 1 | — |
| Allison M O'brien | Trustee | 1 | — |
| Annette C Paul | Trustee | 1 | — |
| Cynthia C Szadokierski | Trustee | 1 | — |
| David G Meleski | Vice Chair | 1 | — |
| Desmond A Baker | Trustee | 1 | — |
| Erica Glasper Andrews Phd | Trustee | 1 | — |
| Everett B Birdsong | Trustee | 1 | — |
| F Gillis Green | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Parkhurst Dining LLC | Food Services | $4,445,121 |
| Urbancore Construction LLC | Construction Services | $1,909,750 |
| Sycom Technologies | Network Services | $1,858,839 |
| Riddleberger Brothers Inc | Hvac Services | $1,424,769 |
| Modular Genius Inc | Modular Dorms and Delivery | $832,089 |
Grants received · $7.7M total
106 grants to Randolph-macon College totaling $7.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Randolph-macon College a legitimate nonprofit?
- Yes. Randolph-macon College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0505940, based in Ashland, Virginia. Donations are tax-deductible.
- What is Randolph-macon College's EIN?
- Randolph-macon College's Employer Identification Number (EIN) is 54-0505940.
- How much revenue does Randolph-macon College report?
- Randolph-macon College reported $101,949,732 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Randolph-macon College's spending goes to programs?
- Randolph-macon College spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Randolph-macon College have?
- CharityIndex grades Randolph-macon College A, based on program efficiency and fundraising cost.
- How much does Randolph-macon College's highest-paid employee make?
- The highest reported compensation on Randolph-macon College's latest Form 990 is $410,505, paid to Robert R Lindgren Esq (President).
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Data for Randolph-macon College (EIN 54-0505940) 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.