RANDOLPH COLLEGE INC

EIN: 540505941 501(c)(3) Education

LYNCHBURG, VA

Total Revenue
$26,358,729
Total Expenses
$40,534,853
Total Assets
$280,008,378
Net Assets
$259,689,609
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Financial Trends

Organization Details

Formation Year
1891
Legal Domicile
VA
Phone
4349478000
Tax Period
2022-07-01 to 2023-06-30

RANDOLPH COLLEGE, founded in 1891, is a mid-sized nonprofit in the Education sector that reported $48.6M in total revenue in fiscal year 2017. Net assets of $222.7M represent 55 months of operating reserves.

Mission

Instruction (Liberal Arts Higher Education)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,093,494
Program Service Revenue $19,285,774
Investment Income $1,969,151
Other Revenue $10,310
TOTAL REVENUE $26,358,729

Expense Breakdown

Grants Paid $6,769,772
Salaries & Benefits $18,739,428
Fundraising Expenses $998,448
Program Expenses $32,205,240
Other Expenses $15,025,653
TOTAL EXPENSES $40,534,853

Year-over-Year Comparison

2022 2021 Change
Revenue $26,358,729 $52,320,654 -0.5%
Expenses $40,534,853 $38,611,524 +0.0%
Net Income $-14,176,124 $13,709,130 -2.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
681
Volunteers
3

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
3
$565,966
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE OTT ROWLANDS COLLEGE PRESIDENT 40
Officer
$238,565 $23,745 $262,310
BRADLEY W BATEMAN FORMER COLLEGE PRESIDENT 40
$200,041 $30,238 $230,279
JOHN F KEENER VP FOR INSTITUTIONAL EFFECTIVENESS AND REGISTRAR 40
Highest
$164,049 $38,746 $202,795
JONATHAN P TYREE TREASURER/VP FOR FINANCE AND ADMINISTRATION 40
Officer
$166,838 $25,087 $191,925
FARAH M MARKS VP FOR INSTITUTIONAL ADVANCEMENT 40
Highest
$140,087 $30,451 $170,538
CARL A GIRELLI PROFESSOR OF LINGUISTICS 40
Highest
$139,279 $28,625 $167,904
ELIZABETH A PERRY-SIZEMORE INTERIM PROVOST AND VP FOR ACADEMIC AFFAIRS 40
Highest
$123,422 $14,793 $138,215
A KATRIN SCHENK ASSOCIATE PROFESSOR OF PHYSICS 40
Highest
$122,805 $14,805 $137,610
STEVEN E WILLIS SECRETARY/SPECIAL ASSISTANT TO THE PRESIDENT 40
Officer
$93,280 $18,451 $111,731
HYLAN T HUBBARD III TRUSTEE CHAIR 2
Director
$0 $0 $0
KAREN E CAMPBELL TRUSTEE VICE-CHAIR 2
Director
$0 $0 $0
MARGARET KEYES BECKSTOFFER TRUSTEE 2
Director
$0 $0 $0
MARLON A BROWN TRUSTEE 2
Director
$0 $0 $0
ALISON BUCKLEY TRUSTEE 2
Director
$0 $0 $0
CARL C COFFEY TRUSTEE 2
Director
$0 $0 $0
ELIZABETH H CRIGHTON TRUSTEE 2
Director
$0 $0 $0
KATHLEEN S GRAVES TRUSTEE 2
Director
$0 $0 $0
ELIZABETH A GRIMM TRUSTEE 2
Director
$0 $0 $0
JANE J HAMPSON TRUSTEE 2
Director
$0 $0 $0
LORENA J KERN TRUSTEE 2
Director
$0 $0 $0
SHERI C LAMBERT TRUSTEE 2
Director
$0 $0 $0
ELIZABETH A MAFFEY TRUSTEE 2
Director
$0 $0 $0
MARGARET DELK MOORE TRUSTEE 2
Director
$0 $0 $0
LESLEY C MORGAN TRUSTEE 2
Director
$0 $0 $0
F ANDERSON MORSE TRUSTEE 2
Director
$0 $0 $0
CAROLINE R NOYES TRUSTEE 2
Director
$0 $0 $0
KATIE A PAGE TRUSTEE 2
Director
$0 $0 $0
KAREN K PATTERSON TRUSTEE 2
Director
$0 $0 $0
SUSAN NEAL PRICE TRUSTEE 2
Director
$0 $0 $0
EDNA AGUIRRE REHBEIN TRUSTEE 2
Director
$0 $0 $0
MARC A SCHEWEL TRUSTEE 2
Director
$0 $0 $0
HOLLIS REDMOND SPILLER TRUSTEE 2
Director
$0 $0 $0
RANDALL J WATTS TRUSTEE 2
Director
$0 $0 $0
EUGENIA LIVINGS WELBURN TRUSTEE 2
Director
$0 $0 $0
HENRY GEORGE WHITE JR TRUSTEE 2
Director
$0 $0 $0
ALEXANDRA H YAKUBOV TRUSTEE 2
Director
$0 $0 $0
CHARLES B WHITE TRUSTEE 2
Director
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $26,358,729 $40,534,853 $280,008,378 $-14,176,124
2022 $52,320,654 $38,611,524 $288,608,919 $13,709,130
2021 $43,744,013 $35,207,125 $300,877,810 $8,536,888
2020 $57,841,682 $46,759,444 $245,094,377 $11,082,238
2019 $55,687,972 $47,733,633 $248,871,686 $7,954,339
2018 $48,587,506 $47,378,431 $247,206,756 $1,209,075
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