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Nonprofit · EIN 41-0693962

MACALESTER COLLEGE

Tax-exempt · SAINT PAUL, MN 55105

Financials

$186.4M$207.5M2022$224.7M$216.5M2023$328.5M$226.1M2024
Revenue Expenses · by fiscal year end
Financials of MACALESTER COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$328,451,827$226,110,361$102,341,466$1,204,649,550$93,109,010$1,111,540,540
May 31, 2024990$224,715,359$216,451,523$8,263,836$1,183,342,955$95,007,620$1,088,335,335
May 31, 2023990$186,433,740$207,478,400-$21,044,660$1,136,616,418$104,649,234$1,031,967,184
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$23,591,959
of which government grants
$2,221,964
Program service revenue
$160,957,977
Investment income
$141,693,588
Net rental income
$681,237
Net gain from sales of assets
$125,294,453
Other revenue
$2,208,303

Expenses

Grants and similar amounts paid
$77,702,345
Compensation of officers, directors and key employees
$3,555,427
Other salaries and wages
$65,813,214
Salaries, compensation and benefits (total)
$89,892,039
Professional fundraising fees
$0
Legal fees
$843,619
Accounting fees
$167,294
Occupancy
$4,439,795
Travel
$3,035,377
Depreciation
$10,783,360
Program services (functional)
$193,778,529
Management and general (functional)
$25,606,617
Fundraising (functional)
$6,725,215

Balance sheet and other

Total assets, start of year
$1,183,342,955
Total assets, end of year
$1,204,649,550
Total liabilities, end of year
$93,109,010
Net assets, end of year
$1,111,540,540
Land, buildings and equipment
$211,337,794
Publicly traded securities
$148,643,709
Net assets without donor restrictions
$225,902,468
Net assets with donor restrictions
$885,638,072
Gross unrelated business income
-$213,748
Gross receipts
$1,140,291,596
Employees
2,823
Volunteers
1,800
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
SUZANNE M RIVERAPRESIDENT
Trustee or director, Officer
40$603,731$250,531
GARY MARTIN END 83024CHIEF INVESTMENT OFFICER
Key employee
40$519,637$48,930
JOANNA CURTISVP FOR ADVANCEMENT
Key employee
40$259,196$53,931
DERRICK GRIFFINDIR OF ALT INVESTMENTS (END 8/30/24)
Highest-paid employee
40$269,275$42,956
PATRICIA LANGERVP OF ADMIN AND FINANCE
Officer
40$253,086$40,116
LISA ANDERSON-LEVYEXECUTIVE VP AND PROVOST
Key employee
40$260,661$26,653
JEFF ALLENVP FOR ADMISS & FIN. AID
Key employee
40$221,278$48,190
JENNIFER HAASVP FOR IT SERVICES AND CIO
Key employee
40$202,441$58,426
KATHRYN KAY COQUEMONTVP FOR STUDENT AFFAIRS & DEANS OF STUDENTS
Key employee
40$171,710$86,623
ALINA WONGVP FOR INSTIUTIONAL EQUITY
Key employee
40$212,669$32,401
THOMAS HALVERSONDEAN OF THE FACULTY
Key employee
40$190,926$51,141
CARLEY STUBERAVP OF DEVELOPMENT
Highest-paid employee
40$180,831$58,635
JEFF DOHERTY END 83024DIRECTOR, INVESTMENT ANALYSIS
Highest-paid employee
40$202,095$34,598
PAUL OVERVOORDEVICE PROVOST & ASSOCIATE DEAN OF THE FACULTY
Key employee
40$187,522$48,997
THOMAS VARBERGPROFESSOR
Highest-paid employee
40$188,067$41,538
28 more people on this return
NameTitleHours / weekCompensationOther / benefits
DUCHESS HARRISPROFESSOR
Highest-paid employee
40$179,161$14,093
CARRIE NORBIN KILLORANCHAIR
Trustee or director, Officer
1$0$0
ROBIN JACKSON COLMANVICE CHAIR
Trustee or director, Officer
1$0$0
GREGORY A THOMPSONVICE CHAIR
Trustee or director, Officer
1$0$0
GLORIA PEREZSECRETARY
Trustee or director, Officer
1$0$0
AMY PAHLTREASURER
Trustee or director, Officer
1$0$0
KOFI AMOO-GOTTFRIEDTRUSTEE
Trustee or director
1$0$0
S DECKER ANSTROMTRUSTEE
Trustee or director
1$0$0
JENNIFER BRAHMTRUSTEE
Trustee or director
1$0$0
KAREN J BRASELTRUSTEE
Trustee or director
1$0$0
MIHIR DESAITRUSTEE
Trustee or director
1$0$0
EDWARD G DEUTSCHLANDERTRUSTEE
Trustee or director
1$0$0
THOMAS DOHRMANNTRUSTEE
Trustee or director
1$0$0
EDWARD DONKORTRUSTEE
Trustee or director
1$0$0
MATTHEW K ENTENZATRUSTEE
Trustee or director
1$0$0
BRODERICK C GRUBBTRUSTEE
Trustee or director
1$0$0
MELONI MIDORI HALLOCKTRUSTEE
Trustee or director
1$0$0
PATRICIA E HUMETRUSTEE
Trustee or director
1$0$0
AUKSE JURKUTETRUSTEE
Trustee or director
1$0$0
ANDREW KAUFTEILTRUSTEE
Trustee or director
1$0$0
SETH J LEVINETRUSTEE
Trustee or director
1$0$0
SONNY LULLATRUSTEE
Trustee or director
1$0$0
DANA MORTENSONTRUSTEE
Trustee or director
1$0$0
TYLER ROBINSONTRUSTEE
Trustee or director
1$0$0
ELONA STREET-STEWARTTRUSTEE
Trustee or director
1$0$0
PAUL J STRANDTRUSTEE
Trustee or director
1$0$0
MISSY STAPLES THOMPSONTRUSTEE
Trustee or director
1$0$0
ZIA YUSUFTRUSTEE
Trustee or director
1$0$0
990 for the year ended May 31, 2024: 44 people
NameTitleHours / weekCompensationOther / benefits
SUZANNE M RIVERAPRESIDENT
Trustee or director, Officer
40$550,511$136,676
GARY MARTINCHIEF INVESTMENT OFFICER
Key employee
40$396,796$57,003
DERRICK GRIFFINDIR OF ALT INVESTMENTS
Highest-paid employee
40$241,201$57,289
PATRICIA LANGERVP OF ADMIN &FINANCE
Officer
40$244,457$37,903
LISA ANDERSON-LEVYEXECUTIVE VP & PROVOST
Key employee
40$251,349$25,687
JEFF ALLENVP FOR ADMISS. & FIN. AID
Key employee
40$216,765$41,590
JENNIFER HAASVP FOR IT SERVICES & CIO
Key employee
40$196,670$52,862
KATHRYN KAY COQUEMONTVP STUDENT AFFAIRS & DEAN OF STUDENTS
Key employee
40$162,536$80,278
ALINA WONGVP FOR INSTITUTIONAL EQUITY
Key employee
40$205,315$30,589
THOMAS HALVERSONDEAN OF THE FACULTY
Key employee
40$185,410$47,608
CARLEY STUBERAVP OF DEVELOPMENT
Highest-paid employee
40$179,612$53,146
PAUL OVERVOORDEVICE PROVOST & ASSOC. DEAN OF THE FACULTY
Key employee
40$184,454$45,441
JULIE HURBANISAVP OF MKTG. & COMMUNICATIONS
Highest-paid employee
40$201,446$20,716
THOMAS VARBERGPROFESSOR
Highest-paid employee
40$178,382$39,002
JEFF DOHERTYDIRECTOR, INVESTMENT ANALYSIS
Highest-paid employee
40$167,509$39,587
CARRIE NORBIN KILLORANCHAIR
Trustee or director, Officer
1$0$0
REBECCA VAN DYCKVICE CHAIR
Trustee or director, Officer
1$0$0
ROBIN JACKSON COLMANVICE CHAIR
Trustee or director, Officer
1$0$0
GLORIA PEREZSECRETARY
Trustee or director, Officer
1$0$0
AMY PAHLTREASURER
Trustee or director, Officer
1$0$0
KOFI AMOO-GOTTFRIEDTRUSTEE
Trustee or director
1$0$0
S DECKER ANSTROMTRUSTEE
Trustee or director
1$0$0
JENNIFER BRAHMTRUSTEE
Trustee or director
1$0$0
KAREN BRASELTRUSTEE
Trustee or director
1$0$0
THEODORE CLEMENTTRUSTEE (DECEASED JAN 2024)
Trustee or director
1$0$0
JERRY CRAWFORDTRUSTEE
Trustee or director
1$0$0
MICHAEL DAVISTRUSTEE
Trustee or director
1$0$0
MIHIR DESAITRUSTEE
Trustee or director
1$0$0
EDWARD DEUTSCHLANDERTRUSTEE
Trustee or director
1$0$0
THOMAS DOHRMANNTRUSTEE
Trustee or director
1$0$0
EDWARD DONKORTRUSTEE
Trustee or director
1$0$0
MATTHEW ENTENZATRUSTEE
Trustee or director
1$0$0
BRODERICK GRUBBTRUSTEE
Trustee or director
1$0$0
PATRICIA HUMETRUSTEE
Trustee or director
1$0$0
AUKSE JURKUTETRUSTEE
Trustee or director
1$0$0
D CHRISTIAN KOCHTRUSTEE
Trustee or director
1$0$0
SETH LEVINETRUSTEE
Trustee or director
1$0$0
SONNY LULLATRUSTEE
Trustee or director
1$0$0
DANA MORTENSONTRUSTEE
Trustee or director
1$0$0
TYLER ROBINSONTRUSTEE
Trustee or director
1$0$0
PAUL STRANDTRUSTEE
Trustee or director
1$0$0
GREGORY THOMPSONTRUSTEE
Trustee or director
1$0$0
ANNETTE MORTINSON WHALEYTRUSTEE
Trustee or director
1$0$0
ZIA YUSUFTRUSTEE
Trustee or director
1$0$0
990 for the year ended May 31, 2023: 45 people
NameTitleHours / weekCompensationOther / benefits
SUZANNE RIVERAPRESIDENT
Trustee or director, Officer
40$550,853$130,988
GARY MARTINCHIEF INVESTMENT OFFICER
Key employee
40$378,393$52,701
DAVID A BROWNVP ADVANCEMENT (END 2/27/23)
Key employee
40$274,274$52,676
DERRICK GRIFFINDIR OF ALT INVESTMENTS
Highest-paid employee
40$228,231$53,248
PATRICIA LANGERVP OF ADMIN & FINANCE
Officer
40$241,042$35,337
LISA ANDERSON-LEVYEXECUTIVE VP & PROVOST
Key employee
40$247,076$25,057
JEFF ALLENVP FOR ADMISS. & FIN. AID
Key employee
40$213,563$39,692
KARINE MOEPROFESSOR
Highest-paid employee
40$197,263$47,645
JENNIFER HAASVP FOR IT SERVICES & CIO
Key employee
40$194,110$49,739
KATHRYN KAY COQUEMONTVP STUDENT AFFAIRS & DEAN OF STUDENTS
Key employee
40$169,091$70,081
PAUL OVERVOORDEVICE PROVOST & ASSOC DEAN OF THE FACULTY
Key employee
40$186,614$42,872
THOMAS HALVERSONDEAN OF THE FACULTY
Key employee
40$182,265$46,645
CARLEY STUBERAVP OF DEVELOPMENT
Highest-paid employee
40$175,790$49,826
ALINA WONGVP FOR INST. EQUITY
Key employee
40$193,903$22,904
JAMES LAINEPROFESSOR
Highest-paid employee
40$159,163$46,449
THOMAS VARBERGPROFESSOR
Highest-paid employee
40$159,042$40,665
CARRIE NORBIN KILLORANCHAIR
Trustee or director, Officer
1$0$0
REBECCA VAN DYCKVICE CHAIR
Trustee or director, Officer
1$0$0
ROBIN JACKSON COLMANVICE CHAIR
Trustee or director, Officer
1$0$0
D CHRISTIAN KOCHTREASURER
Trustee or director, Officer
1$0$0
SANDRA ORTIZSECRETARY
Trustee or director, Officer
1$0$0
ALICE MORTENSONTRUSTEE
Trustee or director
1$0$0
AMY PAHLTRUSTEE
Trustee or director
1$0$0
ANNETTE MORTINSON WHALEYTRUSTEE
Trustee or director
1$0$0
AUKSE JURKUTETRUSTEE
Trustee or director
1$0$0
BRODERICK GRUBBTRUSTEE
Trustee or director
1$0$0
EDWARD DEUTSCHLANDERTRUSTEE
Trustee or director
1$0$0
EDWARD DONKORTRUSTEE
Trustee or director
1$0$0
GLORIA PEREZTRUSTEE
Trustee or director
1$0$0
GREG THOMPSONTRUSTEE
Trustee or director
1$0$0
JENNIFER BRAHMTRUSTEE
Trustee or director
1$0$0
JERRY CRAWFORDTRUSTEE
Trustee or director
1$0$0
KAREN BRASELTRUSTEE
Trustee or director
1$0$0
KOFI AMOO-GOTTFRIEDTRUSTEE
Trustee or director
1$0$0
MARK LEONARDTRUSTEE
Trustee or director
1$0$0
MICHAEL DAVISTRUSTEE
Trustee or director
1$0$0
MIHIR DESAITRUSTEE
Trustee or director
1$0$0
PATRICIA HUMETRUSTEE
Trustee or director
1$0$0
PAUL OLSONTRUSTEE
Trustee or director
1$0$0
PAUL STRANDTRUSTEE
Trustee or director
1$0$0
SARA PETERSONTRUSTEE
Trustee or director
1$0$0
SETH LEVINETRUSTEE
Trustee or director
1$0$0
SONNY LULLATRUSTEE
Trustee or director
1$0$0
THEODORE CLEMENTTRUSTEE
Trustee or director
1$0$0
TIMOTHY HART-ANDERSENTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1600 GRAND AVE, SAINT PAUL, MN 55105-1801
Principal officer (990 for 2024)
SUZANNE M RIVERA, 1600 GRAND AVENUE, ST PAUL, MN 55105
Signed the 990
PATRICIA LANGER, VP FOR ADMIN & FINANCE
Phone
(651) 696-6000
Return prepared by
CLIFTONLARSONALLEN LLP

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.

990 for the year ended May 31, 2025

Program accomplishments

  • 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.
    Expenses $150,096,355 · grants $77,573,692 · revenue $125,857,146
  • 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.
    Expenses $28,843,099 · revenue $24,185,198
  • 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.
    Expenses $12,317,746 · revenue $10,328,541
  • OTHER SERVICES - RESEARCH, PUBLIC SERVICES, POST OFFICE, ETC.
    Expenses $2,521,329 · grants $128,653 · revenue $2,017,479

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
41-0693962
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
1936
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$1,204,649,550
Income (IRS master file)
$1,140,291,596

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$328,451,827$226,110,361$1,204,649,550XML
990-TMay 2025–––IRS
990May 2024–––IRS
990-TMay 2024–––IRS
990May 2023$186,433,740$207,478,400$1,136,616,418IRS
990-TMay 2023–––IRS
990May 2022$244,054,079$205,353,835$1,170,331,985IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––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 41-0693962).

Questions about MACALESTER COLLEGE

What is the EIN of MACALESTER COLLEGE?
The employer identification number (EIN) of MACALESTER COLLEGE is 41-0693962.
Is MACALESTER COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1936.
Are donations to MACALESTER COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MACALESTER 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 MACALESTER 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 MACALESTER 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 MACALESTER COLLEGE?
The 990 for the year ended May 31, 2025 names SUZANNE M RIVERA.
Who are the officers and directors of MACALESTER COLLEGE?
The 990 for the year ended May 31, 2025 lists 43 people; 16 received compensation from the organization, the highest $603,731 (SUZANNE M RIVERA, PRESIDENT).
How much revenue does MACALESTER COLLEGE have?
On its 990 for the year ended May 31, 2025 it reported revenue of $328,451,827, expenses of $226,110,361 and total assets of $1,204,649,550 at year end.

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