MACALESTER COLLEGE

EIN: 410693962 501(c)(3) Education

ST PAUL, MN

Total Revenue
$328,451,827
Total Expenses
$226,110,361
Total Assets
$1,204,649,550
Net Assets
$1,111,540,540
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Financial Trends

Organization Details

Formation Year
1874
Legal Domicile
MN
Principal Officer
SUZANNE M RIVERA
Phone
6516966000
Tax Period
2024-06-01 to 2025-05-31

MACALESTER COLLEGE, founded in 1874, is a major nonprofit in the Education sector that reported $328.5M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102.3M, a strong 31% operating margin.

Mission

MACALESTER IS COMMITTED TO BEING A PREEMINENT LIBERAL ARTS COLLEGE WITH AN EDUCATIONAL PROGRAM KNOWN FOR ITS HIGH STANDARDS FOR SCHOLARSHIP AND ITS SPECIAL EMPHASIS ON INTERNATIONALISM, MULTICULTURALISM, AND SERVICE TO SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $150,096,355 Revenue: $125,857,146

INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 107 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE...

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INSTRUCTION OF STUDENTS AND ACADEMIC SUPPORT OF INSTRUCTION: STUDENTS FROM ACROSS THE UNITED STATES AND 107 COUNTRIES EXPERIENCE AN ACADEMIC PROGRAM THAT PREPARES THEM FOR WORLD CITIZENSHIP. THE STUDENT FACULTY RATIO IS 10:1, WITH AN AVERAGE CLASS SIZE OF 16. STUDENTS CAN CHOOSE FROM 41 MAJORS AND 42 MINORS. MACALESTER IS COMMITTED TO ADMITTING AN ECONOMICALLY DIVERSE STUDENT BODY AND MEETS THE FULL FINANCIAL NEED OF EVERY STUDENT. ENROLLMENT FOR FALL 2025 WAS 2,068, AND 524 STUDENTS GRADUATED DURING THE 2024-25 FISCAL YEAR.

Program 2
Expenses: $28,843,099 Revenue: $24,185,198

STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE...

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STUDENT SERVICES: THE CO-CURRICULAR STUDENT EXPERIENCE IS CRITICAL TO EVERY STUDENT. TO SUPPORT A VIBRANT STUDENT EXPERIENCE, MACALESTER PROVIDES A RANGE OF STUDENT SERVICES AND SUPPORT. WITH MORE THAN 100 STUDENT-RUN CLUBS AND ORGANIZATIONS, MACALESTER STUDENTS HAVE SIGNIFICANT LEADERSHIP OPPORTUNITIES. THE CAREER EXPLORATION DEPARTMENT HELPS STUDENTS GAIN VALUABLE WORK EXPERIENCE AND PLAN THEIR CAREERS AFTER GRADUATION. THE LEONARD CENTER ATHLETIC AND WELLNESS COMPLEX HOUSES TRAINING AND COMPETITION AREAS AND PROVIDES FITNESS AND WELLNESS PROGRAMS. MACALESTER COMPETES IN NCAA DIVISION III AND SUPPORTS 21 MEN'S AND WOMEN'S SPORTS TEAMS.

Program 3
Expenses: $12,317,746 Revenue: $10,328,541

RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE...

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RESIDENCE AND DINING HALLS: MACALESTER IS A RESIDENTIAL CAMPUS, LOCATED ON 53 ACRES IN THE CENTER OF A MAJOR METROPOLITAN AREA. TWO-THIRDS OF STUDENTS LIVE ON CAMPUS. MACALESTER HAS 10 RESIDENCE HALLS AND A VARIETY OF LIVING LEARNING COMMUNITIES, INCLUDING 8 LANGUAGE HOUSES, CULTURAL HOUSE, THE LAYOVER: A STUDY AWAY COMMUNITY, PERSPECTIVES IN LEADERSHIP, ECO HOUSE, AND VEGGIE CO-OP. THE DINING HALL IS LOCATED IN THE CAMPUS CENTER TO FOSTER A VIBRANT LIVING-LEARNING COMMUNITY. LOCALLY-SOURCED ORGANIC FOODS ARE MAXIMIZED IN DINING OPERATIONS. FOOD SCRAPS ARE SENT TO A LOCAL FARM. SUSTAINABILITY IS AN IMPORTANT PRIORITY; IN RESIDENCE HALLS AND DINING HALLS, STUDENTS ARE ENCOURAGED TO REDUCE ENERGY USE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,591,959
Program Service Revenue $160,957,977
Investment Income $141,693,588
Other Revenue $2,208,303
TOTAL REVENUE $328,451,827

Expense Breakdown

Grants Paid $77,702,345
Salaries & Benefits $89,892,039
Fundraising Expenses $6,725,215
Program Expenses $193,778,529
Other Expenses $58,515,977
TOTAL EXPENSES $226,110,361

Year-over-Year Comparison

2024 2023 Change
Revenue $328,451,827 $224,715,359 +0.5%
Expenses $226,110,361 $216,451,523 +0.0%
Net Income $102,341,466 $8,263,836 +11.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
2823
Volunteers
1800

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,147,464
Total Directors
28
$854,262
Key Employees
9
$2,681,332
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE M RIVERA PRESIDENT 40.00
Officer Director
$603,731 $250,531 $854,262
CARRIE NORBIN KILLORAN CHAIR 1.00
Officer Director
$0 $0 $0
ROBIN JACKSON COLMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GREGORY A THOMPSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLORIA PEREZ SECRETARY 1.00
Officer Director
$0 $0 $0
AMY PAHL TREASURER 1.00
Officer Director
$0 $0 $0
KOFI AMOO-GOTTFRIED TRUSTEE 1.00
Director
$0 $0 $0
S DECKER ANSTROM TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER BRAHM TRUSTEE 1.00
Director
$0 $0 $0
KAREN J BRASEL TRUSTEE 1.00
Director
$0 $0 $0
MIHIR DESAI TRUSTEE 1.00
Director
$0 $0 $0
EDWARD G DEUTSCHLANDER TRUSTEE 1.00
Director
$0 $0 $0
THOMAS DOHRMANN TRUSTEE 1.00
Director
$0 $0 $0
EDWARD DONKOR TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW K ENTENZA TRUSTEE 1.00
Director
$0 $0 $0
BRODERICK C GRUBB TRUSTEE 1.00
Director
$0 $0 $0
MELONI MIDORI HALLOCK TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA E HUME TRUSTEE 1.00
Director
$0 $0 $0
AUKSE JURKUTE TRUSTEE 1.00
Director
$0 $0 $0
ANDREW KAUFTEIL TRUSTEE 1.00
Director
$0 $0 $0
SETH J LEVINE TRUSTEE 1.00
Director
$0 $0 $0
SONNY LULLA TRUSTEE 1.00
Director
$0 $0 $0
DANA MORTENSON TRUSTEE 1.00
Director
$0 $0 $0
TYLER ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
ELONA STREET-STEWART TRUSTEE 1.00
Director
$0 $0 $0
PAUL J STRAND TRUSTEE 1.00
Director
$0 $0 $0
MISSY STAPLES THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
ZIA YUSUF TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA LANGER VP OF ADMIN AND FINANCE 40.00
Officer
$253,086 $40,116 $293,202
GARY MARTIN END 83024 CHIEF INVESTMENT OFFICER 40.00
Key Emp
$519,637 $48,930 $568,567
LISA ANDERSON-LEVY EXECUTIVE VP AND PROVOST 40.00
Key Emp
$260,661 $26,653 $287,314
JOANNA CURTIS VP FOR ADVANCEMENT 40.00
Key Emp
$259,196 $53,931 $313,127
JEFF ALLEN VP FOR ADMISS & FIN. AID 40.00
Key Emp
$221,278 $48,190 $269,468
ALINA WONG VP FOR INSTIUTIONAL EQUITY 40.00
Key Emp
$212,669 $32,401 $245,070
JENNIFER HAAS VP FOR IT SERVICES AND CIO 40.00
Key Emp
$202,441 $58,426 $260,867
THOMAS HALVERSON DEAN OF THE FACULTY 40.00
Key Emp
$190,926 $51,141 $242,067
PAUL OVERVOORDE VICE PROVOST & ASSOCIATE DEAN OF THE FACULTY 40.00
Key Emp
$187,522 $48,997 $236,519
KATHRYN KAY COQUEMONT VP FOR STUDENT AFFAIRS & DEANS OF STUDENTS 40.00
Key Emp
$171,710 $86,623 $258,333
DERRICK GRIFFIN DIR OF ALT INVESTMENTS (END 8/30/24) 40.00
Highest
$269,275 $42,956 $312,231
JEFF DOHERTY END 83024 DIRECTOR, INVESTMENT ANALYSIS 40.00
Highest
$202,095 $34,598 $236,693
THOMAS VARBERG PROFESSOR 40.00
Highest
$188,067 $41,538 $229,605
CARLEY STUBER AVP OF DEVELOPMENT 40.00
Highest
$180,831 $58,635 $239,466
DUCHESS HARRIS PROFESSOR 40.00
Highest
$179,161 $14,093 $193,254
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $328,451,827 $226,110,361 $1,204,649,550 $102,341,466
2024 $224,715,359 $216,451,523 $1,183,342,955 $8,263,836
2023 $186,433,740 $207,478,400 $1,136,616,418 $-21,044,660
2022 $244,054,079 $205,353,835 $1,170,331,985 $38,700,244
2021 $186,131,359 $183,734,830 $1,183,330,680 $2,396,529
2020 $194,574,901 $182,968,113 $1,007,704,963 $11,606,788
2019 $190,322,410 $183,542,061 $1,074,114,627 $6,780,349
2018 $189,131,208 $174,685,213 $1,096,074,911 $14,445,995
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