Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,247,392

• 1f · All other contributions, gifts and grants

  $14,540,941

• 1g · Noncash contributions included above

  $1,386,750

• 2a · Program service revenue: TUITION AND FEES

  total $65,950,445 · related or exempt $65,950,445

• 2b · Program service revenue: AUXILIARY SERVICES

  total $14,418,593 · related or exempt $14,418,593

• 3 · Investment income

  total $2,018,913 · unrelated business $147,501 · excluded $1,871,412

• 6a · Gross rents

  real property $589,789

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $589,789

• 6d · Net rental income or loss

  total $589,789 · excluded $589,789

• 7a · Gross sales of assets other than inventory

  securities $2,389,780 · other assets $418,564

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $2,389,780 · other assets $418,564

• 7d · Net gain or loss

  total $2,808,344 · related or exempt $418,564 · excluded $2,389,780

• 10a · Gross sales of inventory

  $676,734

• 10b · Cost of goods sold

  $771,834

• 10c · Net income from sales of inventory

  total -$95,100 · related or exempt -$34 · unrelated business -$95,066

• 11a · Other revenue: MISCELLANEOUS PROGRAMS

  total $3,382,363 · related or exempt $3,382,363

• 11b · Other revenue: SUMMER PROGRAMS

  total $505,782 · unrelated business $505,782

• 11c · Other revenue: EQUESTRIAN CENTER

  total $314,069 · unrelated business $314,069

• 11e · Other revenue, total

  $4,202,214

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $39,303,939 · program services $39,303,939

• 5 · Compensation of officers, directors and key employees

  total $1,378,380 · program services $624,067 · management and general $406,050 · fundraising $348,263

• 7 · Other salaries and wages

  total $25,934,750 · program services $23,099,078 · management and general $1,792,768 · fundraising $1,042,904

• 8 · Pension plan contributions

  total $1,062,923 · program services $926,655 · management and general $81,927 · fundraising $54,341

• 9 · Other employee benefits

  total $4,608,574 · program services $3,979,159 · management and general $387,266 · fundraising $242,149

• 10 · Payroll taxes

  total $1,932,907 · program services $1,685,106 · management and general $148,983 · fundraising $98,818

• 11b · Fees: legal

  total $97,182 · program services $68,235 · management and general $28,266 · fundraising $681

• 11c · Fees: accounting

  total $69,856 · program services $63,569 · management and general $5,588 · fundraising $699

• 11d · Fees: lobbying

  total $2,948 · program services $2,948

• 11f · Fees: investment management

  total $864,745 · management and general $864,745

• 11g · Fees: other

  total $1,994,212 · program services $1,941,321 · management and general $32,706 · fundraising $20,185

• 12 · Advertising and promotion

  total $1,189,830 · program services $1,154,416 · management and general $31,545 · fundraising $3,869

• 13 · Office expenses

  total $1,996,468 · program services $1,731,775 · management and general $77,644 · fundraising $187,049

• 14 · Information technology

  total $1,651,290 · program services $1,390,844 · management and general $152,207 · fundraising $108,239

• 16 · Occupancy

  total $4,500,756 · program services $4,266,764 · management and general $202,401 · fundraising $31,591

• 17 · Travel

  total $308,618 · program services $261,210 · management and general $12,527 · fundraising $34,881

• 19 · Conferences, conventions and meetings

  total $870,207 · program services $704,060 · management and general $76,382 · fundraising $89,765

• 20 · Interest

  total $920,772 · program services $877,034 · management and general $43,738

• 22 · Depreciation, depletion and amortization

  total $5,041,772 · program services $4,583,872 · management and general $407,022 · fundraising $50,878

• 23 · Insurance

  total $628,430 · program services $540 · management and general $627,890

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $79,500 · management and general $79,500

• 24b · Other expenses: STUDENT FOOD SERVICE

  total $3,869,584 · program services $3,869,584

• 24c · Other expenses: INTERCOLLEGIATE ATHLETI

  total $2,121,447 · program services $2,121,447

• 24d · Other expenses: PROFESSIONAL SERVICES

  total $1,323,935 · program services $1,086,157 · management and general $141,951 · fundraising $95,827

• 24e · All other expenses

  total -$208,248 · program services -$151,529 · management and general -$36,302 · fundraising -$20,417

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,471,162 · end of year $22,268,957

• 2 · Savings and temporary cash investments

  beginning of year $8,576,625 · end of year $5,536,009

• 3 · Pledges and grants receivable

  beginning of year $4,630,525 · end of year $4,367,983

• 4 · Accounts receivable

  beginning of year $1,237,686 · end of year $4,004,795

• 7 · Other notes and loans receivable

  beginning of year $3,875,775 · end of year $2,957,114

• 8 · Inventories for sale or use

  beginning of year $197,669 · end of year $197,511

• 10a · Land, buildings and equipment: cost or other basis

  $238,293,466

• 10b · Land, buildings and equipment: accumulated depreciation

  $83,258,163

• 10c · Land, buildings and equipment, net

  beginning of year $149,463,440 · end of year $155,035,303

• 11 · Investments: publicly traded securities

  beginning of year $151,519,869 · end of year $152,696,294

• 12 · Investments: other securities

  beginning of year $53,124,895 · end of year $58,386,846

• 15 · Other assets

  beginning of year $1,959,982 · end of year $1,980,579

• 17 · Accounts payable and accrued expenses

  beginning of year $9,165,181 · end of year $6,343,474

• 19 · Deferred revenue

  beginning of year $3,052,817 · end of year $4,191,966

• 20 · Tax-exempt bond liabilities

  beginning of year $54,063,090 · end of year $51,874,685

• 24 · Unsecured notes and loans payable

  beginning of year $663,528 · end of year $554,024

• 25 · Other liabilities

  beginning of year $11,466,498 · end of year $10,330,950

• 27 · Net assets without donor restrictions

  beginning of year $165,346,170 · end of year $173,392,523

• 28 · Net assets with donor restrictions

  beginning of year $154,300,344 · end of year $160,743,769

The filer's explanations (Part III)

PART I, LINE 4B

THE COLLEGE CONTRIBUTED $20,500 TO A 457(B) PLAN FOR THE PRESIDENT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• R-MC EQUESTRIAN LLC

  PROVIDE BOARDING OF HORSES, HORSE LESSONS, SHOWS, CAMPS AND EQUESTRIAN PROGR · VA · income $581,333 · assets $1,860,756

  Directly controlled by RANDOLPH-MACON COLLEGE

• RANDOLPH-MACON PROPERTIES LLC

  SUPPORTING THE CHARITABLE ACTIVITIES OF RANDOLPH-MACON COLLEGE · VA · income $160,582 · assets $0

  Directly controlled by RANDOLPH-MACON COLLEGE