Rhodes College
92% goes to programs $30 to raise $100 Strong reserves Declining revenue
Rhodes College is a 501(c)(3) organization based in Memphis, Tennessee, registered in 1946, with $187,561,164 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
2000 N Parkway, Memphis, TN, 38112 EIN 62-0476301 Since 1946
Revenue (FY2023)
$187.6M
▲ 13.4% vs prior year
Education median: $200K
Expenses (FY2023)
$165.9M
Net assets
$547.7M
Employees
1,683
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 rating92% to programs · $30 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 Rhodes College: 92% to programs · $30 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating40 mo reserves · +12% 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 Rhodes College: 40 mo reserves · +12% 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 Rhodes 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 Rhodes College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Rhodes is a national four-year, private, coeducational, residential college committed to the liberal arts and sciences.
What they do
Student financial aid consisting of financial aid program honorary scholarship and fellowship program
Student services expenses includes activities that contribute to the students well-being and development beyond the academic program. included in student services expenses are the counseling center, career services, athletics, admissions, registrar, student government, etc.
Contact & location
- Address
- 2000 N Parkway, Memphis, TN, 38112
- City
- Memphis
- State
- Tennessee
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $169.0M (FY2013) to $187.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $108.8MNet assets $547.7M
Operating margin
11.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$656.5M
Total liabilities
$108.8M
Net assets
$547.7M
Salaries & benefits
$56.0M
34% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $187,561,164▲13.4% | $165,923,027▲5.2% | $547,694,885▲3.6% | $656,538,822▲2.4% | 990 |
| 2022 | $165,430,903▲51.2% | $157,766,913▲0.9% | $528,622,963▲1.5% | $641,026,108▲0.2% | 990 |
| 2021 | $109,419,730▼50.6% | $156,423,454▲14.6% | $521,006,956▼7.9% | $639,671,029▼7.0% | 990 |
| 2020 | $221,639,171▲75.0% | $136,543,203▼6.2% | $565,710,084▲17.6% | $688,010,533▲18.0% | 990 |
| 2019 | $126,618,541▼5.2% | $145,518,474▲2.5% | $481,014,119▼4.1% | $583,153,249▼3.7% | 990 |
| 2018 | $133,583,609▼17.8% | $141,988,385▲1.6% | $501,835,305▼2.1% | $605,363,667▼1.6% | 990 |
| 2017 | $162,460,097▲2.9% | $139,798,848▲7.0% | $512,561,712▲4.5% | $615,049,050▲3.3% | 990 |
| 2016 | $157,897,417▲44.1% | $130,616,200▲1.4% | $490,676,304▲5.9% | $595,290,729▲4.3% | 990 |
| 2015 | $109,551,772▼21.8% | $128,803,433▲4.8% | $463,301,449▼4.1% | $570,582,408▼3.5% | 990 |
| 2014 | $140,159,399▼17.1% | $122,917,965▲5.2% | $482,857,617▲4.2% | $591,325,471▲7.8% | 990 |
| 2013 | $169,018,364 | $116,790,529▲6.5% | $463,456,063▲12.0% | $548,663,584▲10.8% | 990 |
| 2012 | — | $109,690,334▲10.4% | $413,764,630▲6.8% | $495,189,527▲5.3% | 990 |
| 2011 | — | $99,323,984▲7.4% | $387,368,921▼3.1% | $470,275,342▼1.8% | 990 |
| 2010 | — | $92,493,539▲5.6% | $399,760,365▲8.9% | $478,974,022▲16.9% | 990 |
| 2009 | — | $87,591,567 | $367,074,242 | $409,793,100 | 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: Collins Jennifer — $496,916 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Collins Jennifer | President | 37.5 | $496,916 |
| Wade Jennifer G | Vp For Development | 37.5 | $291,031 |
| Webb Kyle | Vp For Fin Business Affairs | 37.5 | $279,686 |
| Bassard Katherine | Provost Vp Acad Affairs | 37.5 | $262,156 |
| Villanueva Gil | Vp For Enrollment | 37.5 | $243,776 |
| Bonnin Linda | Vp For Marketing and Communications | 37.5 | $241,446 |
| Turner Sherry | Vp For Strategic Initiatives | 37.5 | $215,310 |
| Huebner Timothy S | Provost Vp Acad Affairs | 37.5 | $203,680 |
| Foshee Brian E | Dir of Physical Plant Ceso | 37.5 | $200,688 |
| Shapiro Claire R | Chief Human Resources Officer | 37.5 | $196,799 |
| Bailey Wendy | Associate Professor | 37.5 | $192,595 |
| Beard Anne | Chief of Staff | 37.5 | $184,562 |
| Johnson Nicole | Vp For Student Life | 37.5 | $184,378 |
| Person Natalie | Dean of Curricular Development | 37.5 | $183,871 |
| Smith Harvey | Chief Information Officer | 37.5 | $169,716 |
| Duncan III James | Director of Athletics | 37.5 | $123,125 |
| Bryan John H III | Trustee | 2 | — |
| Cardwell Christopher W | Trustee | 2 | — |
| Cobbins Darrell | Trustee | 2 | — |
| Craddock Deborah L | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sprinkler Systems LLC | Contractor | $837,090 |
| Integrity Mechanical Solutions LLC | Contractor | $614,042 |
| Clarion Security LLC | Contractor | $354,522 |
| Hanbury Evans Wright Vlattas Company | Contractor | $295,118 |
| Metro Graphics LLC | Contractor | $171,874 |
Grants received · $12.7M total
209 grants to Rhodes College totaling $12.7M, 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 | $398,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $230,816 |
| The New York Community Trust | For a scholarship award. | 2024 | $162,990 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $75,750 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $65,000 |
| Christian Community Foundation of Memphis and the Mid-south Inc | Human service | 2024 | $58,547 |
| American Online Giving Foundation Inc | General support | 2024 | $30,412 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $8,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $6,350 |
| Delaware Community Foundation | Biology faculty research fund; cubesat project finish; ses scholarship | 2023 | $418,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $398,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $285,635 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $115,436 |
| Association of Universities For | Scientific research on data from hubble space telescope | 2023 | $101,106 |
| National Philanthropic Tr | Education | 2023 | $65,250 |
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Compare Rhodes College
Frequently asked questions
- Is Rhodes College a legitimate nonprofit?
- Yes. Rhodes College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0476301, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Rhodes College's EIN?
- Rhodes College's Employer Identification Number (EIN) is 62-0476301.
- How much revenue does Rhodes College report?
- Rhodes College reported $187,561,164 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rhodes College's spending goes to programs?
- Rhodes College spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rhodes College have?
- CharityIndex grades Rhodes College A, based on program efficiency and fundraising cost.
- How much does Rhodes College's highest-paid employee make?
- The highest reported compensation on Rhodes College's latest Form 990 is $496,916, paid to Collins Jennifer (President).
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Data for Rhodes College (EIN 62-0476301) 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.