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Nonprofit · EIN 54-0505945

ROANOKE COLLEGE

Tax-exempt · SALEM, VA 24153

Financials

$107.8M$100.4M2022$111.6M$108.4M2023
Revenue Expenses · by fiscal year end
Financials of ROANOKE COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$111,634,654$108,407,061$3,227,593$384,792,538$56,471,928$328,320,610
June 30, 2023990$107,798,707$100,392,163$7,406,544$368,163,177$57,960,981$310,202,196
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$12,916,143
of which government grants
$2,259,157
Program service revenue
$88,003,362
Investment income
$5,161,602
Net gain from sales of assets
$2,804,471
Other revenue
$5,553,547

Expenses

Grants and similar amounts paid
$34,444,138
Compensation of officers, directors and key employees
$1,823,459
Other salaries and wages
$29,406,280
Salaries, compensation and benefits (total)
$40,091,686
Professional fundraising fees
$0
Travel
$1,746,874
Depreciation
$5,719,182
Program services (functional)
$91,517,959
Management and general (functional)
$15,030,213
Fundraising (functional)
$1,858,889

Balance sheet and other

Total assets, start of year
$368,163,177
Total assets, end of year
$384,792,538
Total liabilities, end of year
$56,471,928
Net assets, end of year
$328,320,610
Land, buildings and equipment
$121,609,327
Publicly traded securities
$167,306,513
Net assets without donor restrictions
$114,461,463
Net assets with donor restrictions
$213,859,147
Gross receipts
$111,634,654
Employees
1,599
Volunteers
115
Year formed
1842
State of legal domicile
VA

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 June 30, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Michael C MaxeyPresident Emeritus
Officer
40$579,807$9,783
Francis X Shushok JrPresident
Officer
40$397,249$20,349
David B MowenVice President Finance and Administration
Officer
40$310,369$14,333
Katherine J WolfeVice President Academic Affairs
Key employee
40$228,669$14,333
Kimberly P BlairVice President Advancement
Key employee
40$202,311$19,950
Melanie W TolanVice President for Marketing & Communications
Key employee
40$200,573$11,975
Richard G GrantSenior Advisor President Strategic Initiatives
Highest-paid employee
40$144,671$12,437
Teresa J RameyVice President for Community, Diversity & Inclusion
Highest-paid employee
40$143,226$7,653
Thomas A RamboDean of Students
Highest-paid employee
40$138,982$7,528
Mary G TheodoreAssociate Vice President Advancement
Highest-paid employee
40$134,692$7,577
David G TaylorAssociate Vice President for Academic Operations
Highest-paid employee
40$131,654$7,506
Brenda P PoggendorfVice President Enrollment & Dean for Admissions & Financial Aid
Key employee
40$94,785$3,972
Mr Kenneth J BeltonTrustee
Trustee or director
1.4$0$0
Mr Kirk H BettsTrustee
Trustee or director
1.3$0$0
Dr Paris D ButlerTrustee
Trustee or director
1$0$0
26 more people on this return
NameTitleHours / weekCompensation
Ms Pamela L CabalkaTrustee
Trustee or director
1$0
Dr M Paul CappTrustee
Trustee or director
1$0
Mr Joseph H Carpenter IVTrustee
Trustee or director
1.4$0
Ms Joanne Leonhardt CassulloTrustee
Trustee or director
1$0
Mr W Morgan ChurchmanTrustee
Trustee or director
1$0
Mr Malon W CourtsTrustee
Trustee or director
2.9$0
Mrs Kimberly Davis RiffeTrustee
Trustee or director
1$0
Mr Robert P FralinTrustee
Trustee or director
1.65$0
Mr James S Frantz JrTrustee
Trustee or director
1.15$0
Rev Harry W GriffithTrustee
Trustee or director
1$0
Ms Judith B HallTrustee
Trustee or director
1.4$0
Mrs Kathryn S HarknessTrustee
Trustee or director
1$0
Mrs Peggy F HornTrustee
Trustee or director
1.45$0
Mr Patrick R LeardoTrustee
Trustee or director
1.3$0
Mr Christopher N MerrillTrustee
Trustee or director
1$0
Rev Dr Phyllis MiltonTrustee
Trustee or director
1$0
Mrs Nancy B MulherenTrustee
Trustee or director
1$0
Mr Roger A PetersenTrustee
Trustee or director
1.4$0
Mr J Tyler PughTrustee
Trustee or director
1.35$0
Dr Theodore F SchneiderTrustee
Trustee or director
1$0
Mr C Micah SpruillTrustee
Trustee or director
1$0
Mr Daniel E StrelkaTrustee
Trustee or director
1.7$0
Mr Andrew K TeeterTrustee
Trustee or director
1$0
Mrs Nicole B TerrillTrustee
Trustee or director
1.25$0
Dr Garnett B WhitehurstTrustee
Trustee or director
1$0
Mrs Helen Twohy WhittemoreTrustee
Trustee or director
1.4$0
990 for the year ended June 30, 2023: 43 people
NameTitleHours / weekCompensationOther / benefits
Michael C MaxeyPresident Emeritus
Officer
40$395,692$14,481
David B MowenVice President Business Affairs & Treasurer
Officer
40$313,975$12,669
Melanie W TolanVice President for Marketing & Communications
Key employee
40$228,767$11,361
Kimberly P BlairVice President Advancement
Key employee
40$207,298$19,034
Francis X Shushok JrPresident
Officer
40$215,386$10,726
Brenda P PoggendorfVice President Enrollment & Dean for Admissions & Financial Aid
Key employee
40$205,289$20,741
Richard G GrantSenior Advisor President Strategic Initiatives
Highest-paid employee
40$160,366$11,976
Teresa J RameyVice President for Community, Diversity & Inclusion
Highest-paid employee
40$146,136$6,191
Thomas A RamboDean of Students
Highest-paid employee
40$144,551$7,278
Mary G TheodoreAssociate Vice President Advancement
Highest-paid employee
40$137,745$7,504
Katherine J WolfeVice President Academic Affairs
Highest-paid employee
40$129,156$3,463
Kenneth J Belton SrTrustee
Trustee or director
1.4$0$0
Kirk Howard BettsTrustee
Trustee or director
1.55$0$0
Paris D ButlerTrustee
Trustee or director
1$0$0
Pamela L CabalkaTrustee
Trustee or director
1.65$0$0
M Paul CappTrustee
Trustee or director
1$0$0
Joseph H Carpenter IVTrustee
Trustee or director
1.25$0$0
Joanne Leonhardt CassulloTrustee
Trustee or director
1$0$0
James L ChisomTrustee
Trustee or director
0$0$0
W Morgan ChurchmanTrustee
Trustee or director
1.15$0$0
Malon W CourtsTrustee
Trustee or director
2.9$0$0
Kimberly Davis-RiffeTrustee
Trustee or director
1$0$0
Robert P FralinTrustee
Trustee or director
1$0$0
James S Frantz JrTrustee
Trustee or director
1.15$0$0
Harry W GriffithTrustee
Trustee or director
1$0$0
Judith B HallTrustee
Trustee or director
1.4$0$0
Kathryn S HarknessTrustee
Trustee or director
1.65$0$0
Richard S HathawayTrustee
Trustee or director
1$0$0
Peggy Fintel HornTrustee
Trustee or director
1.45$0$0
Patrick R LeardoTrustee
Trustee or director
1.55$0$0
Christopher N MerrillTrustee
Trustee or director
1$0$0
Phyllis MiltonTrustee
Trustee or director
1$0$0
Nancy B MulherenTrustee
Trustee or director
1$0$0
Brendan T O'DonnellTrustee
Trustee or director
1$0$0
Roger A PetersenTrustee
Trustee or director
1.4$0$0
Danae Psilopoulos FoleyTrustee
Trustee or director
1$0$0
J Tyler PughTrustee
Trustee or director
1.35$0$0
Rev Dr Theodore F SchneiderTrustee
Trustee or director
1$0$0
C Micah SpruillTrustee
Trustee or director
1.05$0$0
Daniel E StrelkaTrustee
Trustee or director
1.05$0$0
Andrew K TeeterTrustee
Trustee or director
1.25$0$0
Dr Garnett B WhitehurstTrustee
Trustee or director
1$0$0
Helen Twohy WhittemoreTrustee
Trustee or director
1.4$0$0

Address and contacts

Address (IRS master file)
221 COLLEGE LN, SALEM, VA 24153-3747
In care of
% PAYROLL OFFICE
Principal officer (990 for 2023)
ROANOKE COLLEGE, 221 COLLEGE LANE, SALEM, VA 24153
Signed the 990
David Mowen, Vice President Business Affairs
Phone
(540) 375-2285

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.

990 for the year ended June 30, 2024

Program accomplishments

  • Student Instruction - undergraduate college education
    Expenses $58,109,726 · grants $34,444,138 · revenue $70,989,964
  • Auxiliary Services - dining, residence halls, bookstore operated on campus for student use
    Expenses $12,622,518 · revenue $22,566,945
  • Student Services - programming for students
    Expenses $16,419,474
  • Other - Research, Public Support and Academic Support
    Expenses $4,366,241

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
54-0505945
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
1973
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$384,792,538
Income (IRS master file)
$111,634,654

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$111,634,654$108,407,061$384,792,538IRS
990June 2023$107,798,707$100,392,163$368,163,177XML
990June 2022$143,560,581$122,857,950$351,041,863IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 54-0505945).

Questions about ROANOKE COLLEGE

What is the EIN of ROANOKE COLLEGE?
The employer identification number (EIN) of ROANOKE COLLEGE is 54-0505945.
Is ROANOKE COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to ROANOKE COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ROANOKE 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 ROANOKE COLLEGE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROANOKE COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of ROANOKE COLLEGE?
The 990 for the year ended June 30, 2024 names ROANOKE COLLEGE.
Who are the officers and directors of ROANOKE COLLEGE?
The 990 for the year ended June 30, 2024 lists 41 people; 12 received compensation from the organization, the highest $579,807 (Michael C Maxey, President Emeritus).
How much revenue does ROANOKE COLLEGE have?
On its 990 for the year ended June 30, 2024 it reported revenue of $111,634,654, expenses of $108,407,061 and total assets of $384,792,538 at year end.

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