Roanoke College
84% goes to programs $14 to raise $100 Strong reserves
Roanoke College is a 501(c)(3) organization based in Salem, Virginia, registered in 1973, with $111,634,654 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
221 College Ln, Salem, VA, 24153 EIN 54-0505945 Since 1973
Revenue (FY2023)
$111.6M
▲ 3.6% vs prior year
Education median: $200K
Expenses (FY2023)
$108.4M
Net assets
$328.3M
Employees
1,599
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 · $14 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 Roanoke College: 84% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +3% 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 Roanoke College: 36 mo reserves · +3% 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 Roanoke 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 Roanoke College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Roanoke college develops students as whole persons and prepares them for responsible lives of learning, service, and leadership by promoting their intellectual, ethical, spiritual and personal growth.
What they do
Auxiliary services - dining, residence halls, bookstore operated on campus for student use
Student services - programming for students
Other - research, public support and academic support
Contact & location
- Address
- 221 College Ln, Salem, VA, 24153
- City
- Salem
- State
- Virginia
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $107.6M (FY2013) to $111.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $56.5MNet assets $328.3M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$384.8M
Total liabilities
$56.5M
Net assets
$328.3M
Salaries & benefits
$40.1M
37% of expenses
Board members
32
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $111,634,654▲3.6% | $108,407,061▲8.0% | $328,320,610▲5.8% | $384,792,538▲4.5% | 990 |
| 2022 | $107,798,707▼24.9% | $100,392,163▼18.3% | $310,202,196▲6.6% | $368,163,177▲4.9% | 990 |
| 2021 | $143,560,581▲13.5% | $122,857,950▲10.8% | $291,002,360▲0.1% | $351,041,863▼0.9% | 990 |
| 2020 | $126,475,040▲6.4% | $110,899,984▼6.4% | $290,631,090▲19.7% | $354,210,741▲13.7% | 990 |
| 2019 | $118,896,428▲0.2% | $118,541,667▲2.7% | $242,875,607▼1.5% | $311,477,483▲2.1% | 990 |
| 2018 | $118,716,159▼2.4% | $115,407,352▲0.2% | $246,613,062▲2.4% | $304,976,326▲1.4% | 990 |
| 2017 | $121,594,280▲8.7% | $115,231,634▲5.9% | $240,765,211▲5.2% | $300,796,989▲2.8% | 990 |
| 2016 | $111,890,568▲7.6% | $108,771,026▲4.0% | $228,871,197▲4.9% | $292,729,835▲0.4% | 990 |
| 2015 | $104,012,201▼2.4% | $104,544,041▲4.0% | $218,140,897▼1.3% | $291,559,671▲3.5% | 990 |
| 2014 | $106,575,295▼1.0% | $100,540,296▲4.3% | $221,053,360▲2.3% | $281,675,676▲3.9% | 990 |
| 2013 | $107,599,422 | $96,369,535▲1.3% | $216,053,054▲11.0% | $271,004,807▲7.7% | 990 |
| 2012 | — | $95,166,942▲2.8% | $194,724,717▲10.4% | $251,676,241▲8.0% | 990 |
| 2011 | — | $92,539,068▲6.7% | $176,384,335▼0.8% | $233,093,308▲0.2% | 990 |
| 2010 | — | $86,704,100▲3.9% | $177,890,401▲11.4% | $232,672,085▲16.2% | 990 |
| 2009 | — | $83,483,307 | $159,693,430 | $200,258,869 | 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: Michael C Maxey — $579,807 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael C Maxey | President Emeritus | 40 | $579,807 |
| Francis X Shushok Jr | President | 40 | $397,249 |
| David B Mowen | Vice President Finance and Administration | 40 | $310,369 |
| Katherine J Wolfe | Vice President Academic Affairs | 40 | $228,669 |
| Kimberly P Blair | Vice President Advancement | 40 | $202,311 |
| Melanie W Tolan | Vice President For Marketing & Communications | 40 | $200,573 |
| Richard G Grant | Senior Advisor President Strategic Initiatives | 40 | $144,671 |
| Teresa J Ramey | Vice President For Community, Diversity & Inclusion | 40 | $143,226 |
| Thomas A Rambo | Dean of Students | 40 | $138,982 |
| Mary G Theodore | Associate Vice President Advancement | 40 | $134,692 |
| David G Taylor | Associate Vice President For Academic Operations | 40 | $131,654 |
| Brenda P Poggendorf | Vice President Enrollment & Dean For Admissions & Financial Aid | 40 | $94,785 |
| Dr Garnett B Whitehurst | Trustee | 1 | — |
| Dr M Paul Capp | Trustee | 1 | — |
| Dr Paris D Butler | Trustee | 1 | — |
| Dr Theodore F Schneider | Trustee | 1 | — |
| Mr Andrew K Teeter | Trustee | 1 | — |
| Mr Christopher N Merrill | Trustee | 1 | — |
| Mr C Micah Spruill | Trustee | 1 | — |
| Mr Daniel E Strelka | Trustee | 1.7 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| John M Hills | Consulting | $126,079 |
Grants received · $6.9M total
107 grants to Roanoke College totaling $6.9M, 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 | $306,720 |
| The Community Foundation For Greater Atlanta Inc | Education | 2024 | $150,000 |
| Reinvestment Fund Inc | Sustaining the invest health network to advance multisector approaches to equitable community investment | 2024 | $127,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $64,750 |
| American Endowment Foundation | Educational | 2024 | $27,750 |
| Charities Aid Foundation America | Charitable donation | 2024 | $20,991 |
| American Online Giving Foundation Inc | General support | 2024 | $20,429 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| The Aspen Institute Inc | Aspen forum for community solutions | 2024 | $7,500 |
| American Institute of Physics Incorporated | Nasa hoee starshade challenge | 2024 | $6,000 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2023 | $306,720 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $218,346 |
| The Community Foundation For Greater Atlanta Inc | Education | 2023 | $150,000 |
| American Endowment Foundation | Educational | 2023 | $106,250 |
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Compare Roanoke College
Frequently asked questions
- Is Roanoke College a legitimate nonprofit?
- Yes. Roanoke College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0505945, based in Salem, Virginia. Donations are tax-deductible.
- What is Roanoke College's EIN?
- Roanoke College's Employer Identification Number (EIN) is 54-0505945.
- How much revenue does Roanoke College report?
- Roanoke College reported $111,634,654 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Roanoke College's spending goes to programs?
- Roanoke College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Roanoke College have?
- CharityIndex grades Roanoke College A, based on program efficiency and fundraising cost.
- How much does Roanoke College's highest-paid employee make?
- The highest reported compensation on Roanoke College's latest Form 990 is $579,807, paid to Michael C Maxey (President Emeritus).
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Data for Roanoke College (EIN 54-0505945) 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.