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Nonprofit · EIN 41-0693979

ST OLAF COLLEGE

Tax-exempt · NORTHFIELD, MN 55057

Financials

$293.5M$233.5M2021$251.6M$252.8M2022$299.9M$272.6M2023$333.1M$295.5M2024
Revenue Expenses · by fiscal year end
Financials of ST OLAF COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$333,072,638$295,499,530$37,573,108$1,238,766,221$180,776,162$1,057,990,059
May 31, 2024990$299,892,996$272,557,639$27,335,357$1,185,849,276$187,965,192$997,884,084
May 31, 2023990$251,573,289$252,822,741-$1,249,452$1,075,424,048$169,237,323$906,186,725
May 31, 2022990 (amended)$293,547,623$233,491,087$60,056,536$1,064,982,864$175,820,903$889,161,961
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$31,972,935
of which government grants
$4,377,998
Program service revenue
$236,226,339
Investment income
$64,851,751
Net rental income
$16,962
Net gain from sales of assets
$37,920,951
Net income from fundraising events
$4,651
Other revenue
$21,613

Expenses

Grants and similar amounts paid
$141,165,957
Compensation of officers, directors and key employees
$2,626,236
Other salaries and wages
$62,967,716
Salaries, compensation and benefits (total)
$84,623,804
Professional fundraising fees
$68,000
Legal fees
$177,729
Accounting fees
$153,308
Occupancy
$7,988,597
Travel
$8,767,728
Depreciation
$15,659,801
Program services (functional)
$274,090,811
Management and general (functional)
$14,834,653
Fundraising (functional)
$6,574,066

Balance sheet and other

Total assets, start of year
$1,185,849,276
Total assets, end of year
$1,238,766,221
Total liabilities, end of year
$180,776,162
Net assets, end of year
$1,057,990,059
Land, buildings and equipment
$309,001,602
Publicly traded securities
$85,725,083
Net assets without donor restrictions
$463,269,809
Net assets with donor restrictions
$594,720,250
Gross unrelated business income
$7,044,508
Gross receipts
$720,697,194
Employees
3,172
Volunteers
853
Year formed
1874
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SUSAN RUNDELL SINGERPRESIDENT
Trustee or director, Officer
40$511,318$110,825
MICHAEL BERTHELSENVP AND CFO
Officer
40$288,619$46,347
MARCI SORTORPROVOST AND DEAN OF THE COLLEGE
Officer
40$272,599$45,621
ENOCH BLAZISVP FOR ADVANCEMENT
Officer
40$243,984$35,097
CARL CROSBY LEHMANNGENERAL COUNSEL
Officer
40$253,249$24,658
MICHAEL KYLEVP FOR EXTERNAL RELATIONS
Officer
40$235,057$42,826
HASSEL MORRISONVP FOR STUDENT LIFE
Officer
40$185,734$47,123
CHRISTOPHER GEORGEASSOCIATE VP FOR ENROLLMENT
Highest-paid employee
40$179,796$46,970
ROBERTA LEMBKECHIEF INFORMATION OFFICER
Highest-paid employee
40$171,845$28,376
JO BELDSECRETARY
Officer
40$150,639$34,453
REBECCA OTTENASST VP FOR ADVANCEMENT
Highest-paid employee
40$166,379$18,402
KATIE WARRENASSOCIATE VP FOR MARKETING
Highest-paid employee
40$162,019$16,141
NATHAN ENGLEASST VP AND CONTROLLER
Officer
40$133,801$42,686
CHRISTEN COLEFORMER AVP FOR HUMAN RESOURCES
Former
40$144,549$22,152
KEVIN LARSONDIRECTOR OF FACILITIES
Highest-paid employee
40$148,989$15,733
27 more people on this return
NameTitleHours / weekCompensationOther / benefits
JASON ENGBRECHTASSOCIATE PROVOST
Officer
40$136,638$14,028
DAVID ANDERSONFORMER PRESIDENT
Former
0$150,000$0
EDUARDO PAZOS PALMAVP FOR COMMUNITY AND BELONGING
Officer
40$97,572$18,005
SUSAN GUNDERSONCHAIR
Trustee or director, Officer
1.7$0$0
STEPHANIE FEHRVICE CHAIR
Trustee or director
1.7$0$0
PAUL GRANGAARDTREASURER
Trustee or director, Officer
1.7$0$0
MARVIN BENTONREGENT
Trustee or director
1.7$0$0
JEFFREY BOLTONREGENT
Trustee or director
1.7$0$0
SEAN BURRESSREGENT
Trustee or director
1.7$0$0
RAY CABILLOTREGENT
Trustee or director
1.7$0$0
CRAIG DEANREGENT
Trustee or director
1.7$0$0
JOAN ERICKSENREGENT
Trustee or director
1.7$0$0
JENNIFER HELLMANREGENT
Trustee or director
1.7$0$0
CHAD JERDEEREGENT
Trustee or director
1.7$0$0
MATTHEW JOHNSONREGENT
Trustee or director
1.7$0$0
WARD KLEINREGENT
Trustee or director
1.7$0$0
KATHYRN LOHREREGENT
Trustee or director
1.7$0$0
JAY LUNDOUTGOING REGENT
Trustee or director, Officer
1.7$0$0
TIMOTHY MAUDLINOUTGOING REGENT
Trustee or director
1.7$0$0
BRENDA MCCORMICKREGENT
Trustee or director
1.7$0$0
LAURIE NORDQUISTREGENT
Trustee or director
1.7$0$0
CARMEN NORDSTRANDREGENT
Trustee or director
1.7$0$0
SCOTT OKUNOREGENT
Trustee or director
1.7$0$0
JOHN RAITTREGENT
Trustee or director
1.7$0$0
CUITLAHAUC TURRENTREGENT
Trustee or director
1.7$0$0
THERESA HULL WISEREGENT
Trustee or director
1.7$0$0
MARIEM ZAGHDOUDIREGENT
Trustee or director
1.7$0$0
990 for the year ended May 31, 2024: 42 people
NameTitleHours / weekCompensationOther / benefits
DAVID ANDERSONFORMER PRESIDENT
Former
40$751,115$54,380
SUSAN RUNDELL SINGERPRESIDENT
Trustee or director, Officer
40$315,593$59,070
MARCI SORTORPROVOST AND DEAN OF THE COLLEGE
Officer
40$257,877$39,067
CARL CROSBY LEHMANNGENERAL COUNSEL
Officer
40$245,909$23,614
ENOCH BLAZISVP FOR ADVANCEMENT
Officer
40$233,918$31,405
MICHAEL KYLEVP FOR ENROLLMENT
Officer
40$227,579$35,965
CHRISTOPHER GEORGEDEAN OF ADMISSIONS AND FINANCIAL AID
Highest-paid employee
40$170,633$40,086
HASSEL MORRISONVP FOR STUDENT LIFE
Officer
40$168,165$39,949
ROBERTA LEMBKECHIEF INFORMATION OFFICER
Highest-paid employee
40$167,291$24,228
REBECCA OTTENASST VP FOR ADVANCEMENT
Highest-paid employee
40$161,933$17,260
LESLIE MOOREFORMER VP FOR HUMAN RESOURCES
Officer
40$154,275$23,377
KATIE WARRENCHIEF MARKETING OFFICER
Highest-paid employee
40$157,882$15,936
NATHAN ENGLEASST VP AND CONTROLLER
Officer
40$134,038$36,197
ANGELA MATHEWSASST VP FOR BUDGET AND AUXILIARIES
Highest-paid employee
40$151,662$15,674
JO BELDSECRETARY
Officer
40$138,149$28,214
JASON ENGBRECHTASSOCIATE PROVOST
Officer
40$132,446$13,616
JANET HANSONFORMER VP AND CFO
Former
40$118,026$16,837
REGINALD MILESINTERIM VP FOR EQUITY AND INCLUSION
Officer
40$99,969$18,368
MICHAEL BERTHELSENVP AND CFO
Officer
40$87,998$13,863
SUSAN GUNDERSONCHAIR
Trustee or director, Officer
1.7$0$0
JAY LUNDVICE CHAIR
Trustee or director, Officer
1.7$0$0
PAUL GRANGAARDTREASURER
Trustee or director, Officer
1.7$0$0
BRENDA MCCORMICKREGENT
Trustee or director
1.7$0$0
CHAD JERDEEREGENT
Trustee or director
1.7$0$0
CHRISTOPHER KLEINOUTGOING REGENT
Trustee or director
1.7$0$0
CRAIG DEANREGENT
Trustee or director
1.7$0$0
GREGORY BUCKOUTGOING REGENT
Trustee or director
1.7$0$0
JEFFREY BOLTONREGENT
Trustee or director
1.7$0$0
JENNIFER HELLMANREGENT
Trustee or director
1.7$0$0
JOAN ERICKSENREGENT
Trustee or director
1.7$0$0
JOHN RAITTREGENT
Trustee or director
1.7$0$0
KATHYRN LOHREREGENT
Trustee or director
1.7$0$0
LAURIE NORDQUISTREGENT
Trustee or director
1.7$0$0
MARIEM ZAGHDOUDIREGENT
Trustee or director
1.7$0$0
MARVIN BENTONREGENT
Trustee or director
1.7$0$0
SCOTT OKUNOREGENT
Trustee or director
1.7$0$0
SEAN BURRESSREGENT
Trustee or director
1.7$0$0
STEPHANIE FEHRREGENT
Trustee or director
1.7$0$0
THERESA HULL WISEREGENT
Trustee or director
1.7$0$0
TIMOTHY MAUDLINREGENT
Trustee or director
1.7$0$0
WARD KLEINREGENT
Trustee or director
1.7$0$0
WILLIAM GAFKJENOUTGOING REGENT
Trustee or director
1.7$0$0
990 for the year ended May 31, 2023: 46 people
NameTitleHours / weekCompensationOther / benefits
DAVID ANDERSONPRESIDENT
Trustee or director, Officer
40$521,500$62,482
MARCI SORTORPROVOST AND DEAN OF THE COLLEGE
Officer
40$249,236$37,664
JANET HANSONVP AND CFO
Officer
40$229,075$37,104
CARL CROSBY LEHMANNGENERAL COUNSEL
Officer
40$241,889$23,045
ENOCH BLAZISVP FOR ADVANCEMENT
Officer
40$234,202$30,353
MICHAEL KYLEVP FOR ENROLLMENT
Officer
40$224,738$35,018
HASSEL MORRISONVP FOR STUDENT LIFE
Officer
40$159,319$39,171
LESLIE MOOREVP FOR HUMAN RESOURCES
Officer
40$168,967$24,779
ROBERTA LEMBKECHIEF INFORMATION OFFICER
Highest-paid employee
40$161,369$23,293
CHRISTOPHER GEORGEDEAN OF ADMISSIONS AND FINANCIAL AID
Highest-paid employee
40$143,257$38,296
REBECCA OTTENASST VP FOR ADVANCEMENT
Highest-paid employee
40$158,777$16,695
REBECCA JUDGEDEPARTMENT OF ECONOMICS CHAIR
Highest-paid employee
40$152,660$20,208
KATIE WARRENCHIEF MARKETING OFFICER
Highest-paid employee
40$150,415$15,312
JASON ENGBRECHTASSOCIATE PROVOST
Officer
40$146,789$13,959
JO BELDSECRETARY
Officer
40$127,826$26,693
NATHAN ENGLECONTROLLER
Officer
40$109,086$34,820
REGINALD MILESINTERIM VP FOR EQUITY AND INCLUSION
Officer
40$81,790$16,727
MARIA PABON GAUTIER TERM 072022FORMER VP FOR EQUITY AND INCLUSION
Officer
40$75,975$11,907
JAY LUNDCHAIR
Trustee or director, Officer
1.7$0$0
SUSAN GUNDERSONVICE CHAIR
Trustee or director, Officer
1.7$0$0
PAUL GRANGAARDTREASURER
Trustee or director, Officer
1.7$0$0
MARVIN BENTONREGENT
Trustee or director
1.7$0$0
JEFFREY BOLTONREGENT
Trustee or director
1.7$0$0
GREGORY BUCKREGENT
Trustee or director
1.7$0$0
SEAN BURRESSREGENT
Trustee or director
1.7$0$0
CRAIG DEANREGENT
Trustee or director
1.7$0$0
JOAN ERICKSENREGENT
Trustee or director
1.7$0$0
STEPHANIE FEHRREGENT
Trustee or director
1.7$0$0
WILLIAM GAFKJENREGENT
Trustee or director
1.7$0$0
JOHN GROTTINGOUTGOING REGENT
Trustee or director
1.7$0$0
JENNIFER HELLMANREGENT
Trustee or director
1.7$0$0
JODY KLEPPE HORNEROUTGOING REGENT
Trustee or director
1.7$0$0
CHAD JERDEEREGENT
Trustee or director
1.7$0$0
CHRISTOPHER KLEINREGENT
Trustee or director
1.7$0$0
WARD KLEINREGENT
Trustee or director
1.7$0$0
JUDD LOEWENSTEINOUTGOING REGENT
Trustee or director
1.7$0$0
TIMOTHY MAUDLINREGENT
Trustee or director
1.7$0$0
BRENDA MCCORMICKREGENT
Trustee or director
1.7$0$0
GRETCHEN MORGENSONOUTGOING REGENT
Trustee or director
1.7$0$0
LAURIE NORDQUISTREGENT
Trustee or director
1.7$0$0
SCOTT OKUNOREGENT
Trustee or director
1.7$0$0
JOHN RAITTREGENT
Trustee or director
1.7$0$0
JON SALVESONOUTGOING REGENT
Trustee or director
1.7$0$0
ALPHONSO TINDALLOUTGOING REGENT
Trustee or director
1.7$0$0
THERESA HULL WISEREGENT
Trustee or director
1.7$0$0
MARIEM ZAGHDOUIREGENT
Trustee or director
1.7$0$0
990 for the year ended May 31, 2022: 48 people
NameTitleHours / weekCompensationOther / benefits
DAVID ANDERSONPRESIDENT
Trustee or director, Officer
40$504,434$84,602
MARCI SORTORPROVOST AND DEAN OF THE COLLEGE
Officer
40$248,422$38,822
CARL CROSBY LEHMANNGENERAL COUNSEL
Officer
40$234,013$24,293
JANET HANSONVP AND CFO
Officer
40$220,065$37,828
ENOCH BLAZISVP FOR ADVANCEMENT
Officer
40$223,142$31,391
MICHAEL KYLEVP FOR ENROLLMENT
Officer
40$215,030$35,756
HASSEL MORRISONVP FOR STUDENT LIFE
Officer
40$157,915$39,027
LESLIE MOOREVP FOR HUMAN RESOURCES
Officer
40$160,657$25,016
ROBERTA LEMBKECHIEF INFORMATION OFFICER
Highest-paid employee
40$160,266$24,103
CHRISTOPHER GEORGEDEAN OF ADMISSIONS AND FINANCIAL AID
Highest-paid employee
40$141,503$38,192
REBECCA OTTENASST VP FOR ADVANCEMENT
Highest-paid employee
40$154,656$17,400
KATIE WARRENCHIEF MARKETING OFFICER
Highest-paid employee
40$147,961$16,026
DAN DRESSENASSOCIATE PROVOST
Officer
40$140,633$22,881
EDMUND SANTURRIDIRECTOR OF INSTITUTE FOR FREEDOM
Highest-paid employee
40$138,585$20,099
MARK GELLECHIEF INVESTMENT OFFICER - OUTGOING
Officer
40$130,251$28,064
JO BELDSECRETARY
Officer
40$124,588$26,984
NATHAN ENGLECONTROLLER
Officer
40$101,069$33,885
MARIA PABON GAUTIERVP FOR EQUITY AND INCLUSION
Officer
40$112,407$19,376
MICHAEL GOODSONVP FOR HUMAN RESOURCES - OUTGOING
Officer
40$83,269$13,526
JAY LUNDCHAIR
Trustee or director, Officer
1.7$0$0
SUSAN GUNDERSONVICE CHAIR
Trustee or director, Officer
1.7$0$0
JOHN RAITTTREASURER
Trustee or director, Officer
1.7$0$0
MARVIN BENTONREGENT
Trustee or director
1.7$0$0
JEFFREY BOLTONREGENT
Trustee or director
1.7$0$0
GREGORY BUCKREGENT
Trustee or director
1.7$0$0
SEAN BURRESSREGENT
Trustee or director
1.7$0$0
CRAIG DEANREGENT
Trustee or director
1.7$0$0
JOAN ERICKSENREGENT
Trustee or director
1.7$0$0
STEPHANIE FEHRREGENT
Trustee or director
1.7$0$0
WILLIAM GAFKJENREGENT
Trustee or director
1.7$0$0
PETER GOTSCHREGENT - OUTGOING
Trustee or director
1.7$0$0
PAUL GRANGAARDREGENT
Trustee or director
1.7$0$0
JOHN GROTTINGREGENT
Trustee or director
1.7$0$0
JENNIFER HELLMANREGENT
Trustee or director
1.7$0$0
JODY KLEPPE HORNERREGENT
Trustee or director
1.7$0$0
CHAD JERDEEREGENT
Trustee or director
1.7$0$0
MARK JORDAHLREGENT - OUTGOING
Trustee or director
1.7$0$0
CHRISTOPHER KLEINREGENT
Trustee or director
1.7$0$0
WARD KLEINREGENT
Trustee or director
1.7$0$0
JUDD LOEWENSTEINREGENT
Trustee or director
1.7$0$0
TIMOTHY MAUDLINREGENT
Trustee or director
1.7$0$0
BRENDA MCCORMICKREGENT
Trustee or director
1.7$0$0
GRETCHEN MORGENSONREGENT
Trustee or director
1.7$0$0
LAURIE NORDQUISTREGENT
Trustee or director
1.7$0$0
SCOTT OKUNOREGENT
Trustee or director
1.7$0$0
JON SALVESONREGENT
Trustee or director
1.7$0$0
ALPHONSO TINDALLREGENT
Trustee or director
1.7$0$0
THERESA HULL WISEREGENT
Trustee or director
1.7$0$0

Address and contacts

Address (IRS master file)
1520 SAINT OLAF AVE, NORTHFIELD, MN 55057-1574
In care of
% ALAN J NORTON
Principal officer (990 for 2024)
SUSAN RUNDELL SINGER, 1520 ST OLAF AVENUE, NORTHFIELD, MN 55057
Signed the 990
NATHAN ENGLE, ASST VICE PRESIDENT AND CONTROLLER
Phone
(507) 786-2222
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

ST. OLAF COLLEGE CHALLENGES STUDENTS TO EXCEL IN THE LIBERAL ARTS, EXAMINE FAITH AND VALUES, AND EXPLORE MEANINGFUL VOCATION IN AN INCLUSIVE, GLOBALLY ENGAGED COMMUNITY NOURISHED BY LUTHERAN TRADITION.

990 for the year ended May 31, 2025

Program accomplishments

  • POSTSECONDARY EDUCATION - FOUR YEAR, RESIDENTIAL, LIBERAL ARTS EDUCATION. IN THE 2024-2025 ACADEMIC YEAR, ST. OLAF COLLEGE ENROLLED 3,087 FULL TIME STUDENTS AND 27 PART TIME STUDENTS. THE GRADUATING CLASS OF 2025 HAD 682 GRADUATES. A STUDENT TO FACULTY RATIO OF 11.8:1 SUPPORTS ST. OLAF STUDENTS WITH CLASSROOM, LABORATORY, AND OFF-CAMPUS EXPERIENCES. ST. OLAF COLLEGE IS ACCREDITED AS A DEGREE-GRANTING INSTITUITION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS. THE COLLEGE'S ACADEMIC PROGRAMS ARE ALSO ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY, COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL ASSOCIATION OF SCHOOLS OF DANCE, NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE, AND NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION.
    Expenses $274,090,811 · grants $141,165,957 · revenue $196,536,232

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
41-0693979
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1934
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$1,238,766,221
Income (IRS master file)
$720,697,194

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$333,072,638$295,499,530$1,238,766,221XML
990-TMay 2025–––IRS
990May 2024$299,892,996$272,557,639$1,185,849,276XML
990-TMay 2024–––IRS
990May 2023$251,573,289$252,822,741$1,075,424,048XML
990-TMay 2023–––IRS
990May 2022$293,547,623$233,491,087$1,064,982,864XML
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0693979).

Questions about ST OLAF COLLEGE

What is the EIN of ST OLAF COLLEGE?
The employer identification number (EIN) of ST OLAF COLLEGE is 41-0693979.
Is ST OLAF COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1934.
Are donations to ST OLAF COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ST OLAF COLLEGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ST OLAF COLLEGE due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ST OLAF COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of ST OLAF COLLEGE?
The 990 for the year ended May 31, 2025 names SUSAN RUNDELL SINGER.
Who are the officers and directors of ST OLAF COLLEGE?
The 990 for the year ended May 31, 2025 lists 42 people; 18 received compensation from the organization, the highest $511,318 (SUSAN RUNDELL SINGER, PRESIDENT).
How much revenue does ST OLAF COLLEGE have?
On its 990 for the year ended May 31, 2025 it reported revenue of $333,072,638, expenses of $295,499,530 and total assets of $1,238,766,221 at year end.

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