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Nonprofit · EIN 54-0505939

RANDOLPH MACON ACADEMY

Tax-exempt · FRONT ROYAL, VA 22630

Financials

$18.3M$17.6M2024
Revenue Expenses · by fiscal year end
Financials of RANDOLPH MACON ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$18,286,223$17,609,912$676,311$38,344,645$5,688,404$32,656,241
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,314,000
Program service revenue
$11,584,389
Investment income
$880,732
Net rental income
$213,755
Net gain from sales of assets
$568,114
Net income from fundraising events
-$1,000
Net income from sales of inventory
$54,320
Other revenue
$507,102

Expenses

Grants and similar amounts paid
$2,977,218
Compensation of officers, directors and key employees
$317,475
Other salaries and wages
$6,286,247
Salaries, compensation and benefits (total)
$7,922,375
Professional fundraising fees
$0
Legal fees
$441,208
Accounting fees
$46,586
Occupancy
$559,869
Travel
$184,274
Depreciation
$1,140,877
Program services (functional)
$13,480,328
Management and general (functional)
$3,672,942
Fundraising (functional)
$456,642

Balance sheet and other

Total assets, start of year
$36,961,071
Total assets, end of year
$38,344,645
Total liabilities, end of year
$5,688,404
Net assets, end of year
$32,656,241
Land, buildings and equipment
$19,463,536
Publicly traded securities
$12,163,112
Net assets without donor restrictions
$17,705,499
Net assets with donor restrictions
$14,950,742
Gross receipts
$19,650,809
Employees
149
Volunteers
33
Year formed
1892
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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
David WesleyPresident
Officer
40$297,136$20,339
Sung ChuDir. of Enrollment Mgmt.
Highest-paid employee
40$192,936$14,876
Lucy HooperBoard Chair
Trustee or director, Officer
1$0$0
John SimarVice Chair
Trustee or director, Officer
1$0$0
Alonzo Neese IIITreasurer
Trustee or director, Officer
1$0$0
Patty KennanSecreatary
Trustee or director, Officer
1$0$0
Bryan MooreEx-Officio Board Member
Trustee or director, Officer
1$0$0
Victor GomezEx-Officio Board Member
Trustee or director, Officer
1$0$0
Eric AndersonBoard Member
Trustee or director
1$0$0
Harry AustinBoard Member
Trustee or director
1$0$0
Bill BersingBoard Member
Trustee or director
1$0$0
Mark BrownBoard Member
Trustee or director
1$0$0
Tess HegedusBoard Member
Trustee or director
1$0$0
Doug HuthwaiteBoard Member
Trustee or director
1$0$0
David LinkBoard Member
Trustee or director
1$0$0
8 more people on this return
NameTitleHours / weekCompensation
Ed MorrisBoard Member
Trustee or director
1$0
Katie TewellBoard Member
Trustee or director
1$0
John DemersBoard Member (JOINED)
Trustee or director
1$0
Chris GabelleBoard Member (JOINED)
Trustee or director
1$0
Meg KonkelBoard Member (JOINED)
Trustee or director
1$0
Revell Lewis IIIBoard Member (JOINED)
Trustee or director
1$0
Heather GrossmanBoard Member (LEFT)
Trustee or director
1$0
Valerie WilsonBoard Member (LEFT)
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
200 ACADEMY DR, FRONT ROYAL, VA 22630-2601
Principal officer (990 for 2024)
David C Wesley, 200 Academy Drive, Front Royal, VA 22630
Signed the 990
Gene Gregory, Director of Finance
Phone
(540) 636-5200
Return prepared by
Aprio Advisory Group LLC

Mission

Randolph-Macon Academy is a co-ed private school for grades 6-12. We offer a superior university-preparatory curriculum with military values preparing graduates to pursue lives of meaning and success. Every year, 100% of our graduates are accepted to the best universities around the world with the Class of 2024 graduating 65 students who earned over $16 million in scholarships.

990 for the year ended June 30, 2025

Program accomplishments

  • All program service expenses are directly related to activities necessary in operating a boarding education institution.
    Expenses $13,480,328 · grants $2,977,218 · revenue $11,638,709

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, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
54-0505939
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
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25Z)
Assets (IRS master file)
$38,344,645
Income (IRS master file)
$19,650,809

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$18,286,223$17,609,912$38,344,645IRS
990June 2024–––IRS
990June 2023$20,602,757$18,727,627$39,709,276IRS
990June 2022–––IRS
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 54-0505939).

Questions about RANDOLPH MACON ACADEMY

What is the EIN of RANDOLPH MACON ACADEMY?
The employer identification number (EIN) of RANDOLPH MACON ACADEMY is 54-0505939.
Is RANDOLPH MACON ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to RANDOLPH MACON ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RANDOLPH MACON ACADEMY 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 RANDOLPH MACON ACADEMY 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 RANDOLPH MACON ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of RANDOLPH MACON ACADEMY?
The 990 for the year ended June 30, 2025 names David C Wesley.
Who are the officers and directors of RANDOLPH MACON ACADEMY?
The 990 for the year ended June 30, 2025 lists 23 people; 2 received compensation from the organization, the highest $297,136 (David Wesley, President).
How much revenue does RANDOLPH MACON ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $18,286,223, expenses of $17,609,912 and total assets of $38,344,645 at year end.

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