Nonprofit · EIN 54-0505977
WASHINGTON & LEE UNIVERSITY
Also known as Society of Professional Journalists SPJ Campus Chapter
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $436,455,053 | $313,000,417 | $123,454,636 | $2,891,880,291 | $336,655,274 | $2,555,225,017 |
| June 30, 2024 | 990 | $284,783,302 | $296,996,460 | -$12,213,158 | $2,606,326,104 | $315,531,798 | $2,290,794,306 |
| June 30, 2023 | 990 | $276,609,869 | $276,840,316 | -$230,447 | $2,535,613,259 | $323,771,682 | $2,211,841,577 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $197,025,397
- of which government grants
- $1,951,051
- Program service revenue
- $175,775,436
- Investment income
- $63,641,637
- Royalties
- $12,583
- Net gain from sales of assets
- $63,001,763
- Other revenue
- $12,583
Expenses
- Grants and similar amounts paid
- $78,618,810
- Compensation of officers, directors and key employees
- $3,658,370
- Other salaries and wages
- $99,297,694
- Salaries, compensation and benefits (total)
- $137,264,853
- Professional fundraising fees
- $191,275
- Legal fees
- $1,509,879
- Accounting fees
- $286,031
- Occupancy
- $10,362,866
- Travel
- $6,367,480
- Depreciation
- $22,141,157
- Program services (functional)
- $222,107,582
- Management and general (functional)
- $82,605,364
- Fundraising (functional)
- $8,287,471
Balance sheet and other
- Total assets, start of year
- $2,606,326,104
- Total assets, end of year
- $2,891,880,291
- Total liabilities, end of year
- $336,655,274
- Net assets, end of year
- $2,555,225,017
- Land, buildings and equipment
- $383,102,588
- Publicly traded securities
- $280,181,740
- Net assets without donor restrictions
- $403,884,899
- Net assets with donor restrictions
- $2,151,340,118
- Gross unrelated business income
- $6,091,795
- Gross receipts
- $880,360,749
- Employees
- 2,936
- Volunteers
- 1,800
- Year formed
- 1749
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM C DUDLEY | PRESIDENT AND TRUSTEE Trustee or director, Officer | 40 | $650,844 | $109,871 |
| THOMAS JENNINGS | VICE PRESIDENT - Former Former | 40 | $474,693 | $32,868 |
| STEVEN G MCALLISTER | TREASURER Officer | 40 | $406,185 | $55,025 |
| MELANIE WILSON | DEAN Key employee | 40 | $393,933 | $53,535 |
| LENA HILL | PROVOST Key employee | 40 | $358,770 | $66,871 |
| JESSICA WILLETT | SECRETARY Officer | 40 | $257,534 | $166,092 |
| BRIAN MURCHISON | PROFESSOR Highest-paid employee | 40 | $316,836 | $51,400 |
| MARIA FEELEY | CHIEF LEGAL OFFICER AND GENERAL COUNSEL Highest-paid employee | 40 | $311,495 | $54,558 |
| ROBERT D STRAUGHAN | DEAN Key employee | 40 | $311,565 | $52,371 |
| SUSAN WOOD | VICE PRESIDENT Key employee | 40 | $296,419 | $48,072 |
| Scott Hoover | Professor Highest-paid employee | 40 | $283,708 | $50,528 |
| MARK DRUMBL | PROFESSOR Highest-paid employee | 40 | $303,124 | $31,002 |
| ELIZABETH OLIVER | PROFESSOR Highest-paid employee | 40 | $286,236 | $37,808 |
| CHAWNE KIMBER | DEAN Key employee | 40 | $274,926 | $36,675 |
| BRODIE G RIORDAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H PRIOLEAU | TRUSTEE Trustee or director | 4 | $0 |
| CHRISTOPHER C DYSON | TRUSTEE Trustee or director | 4 | $0 |
| CHRISTOPHER H WILLIAMS | TRUSTEE Trustee or director | 4 | $0 |
| CINDY D HAUSER | TRUSTEE Trustee or director | 4 | $0 |
| CLIFFORD K HOLEKAMP | TRUSTEE Trustee or director | 4 | $0 |
| COURTNEY C ENLOE | TRUSTEE Trustee or director | 4 | $0 |
| CYNTHIA T CHEATHAM | TRUSTEE Trustee or director | 4 | $0 |
| DAVID A LEHMAN | TRUSTEE Trustee or director | 4 | $0 |
| ELIZABETH B PAKENAS | TRUSTEE Trustee or director | 4 | $0 |
| GEORGE D JOHNSON III | TRUSTEE Trustee or director | 4 | $0 |
| HELEN H SANDERS | TRUSTEE Trustee or director | 4 | $0 |
| JACKSON R SHARMAN III | TRUSTEE Trustee or director | 4 | $0 |
| JAMES L BALDWIN | TRUSTEE Trustee or director | 4 | $0 |
| JAMES R SMALL | TRUSTEE Trustee or director | 4 | $0 |
| JASON W AIKEN | TRUSTEE Trustee or director | 4 | $0 |
| JOELLE N PHILLIPS | TRUSTEE Trustee or director | 4 | $0 |
| JOHN C HUFFARD JR | TRUSTEE Trustee or director | 4 | $0 |
| JOHN P CASE III | TRUSTEE Trustee or director | 4 | $0 |
| JOHN W ROBINSON III | TRUSTEE Trustee or director | 4 | $0 |
| JONATHAN M WORTHAM | TRUSTEE Trustee or director | 4 | $0 |
| JOSEPHINE S COVINGTON | TRUSTEE Trustee or director | 4 | $0 |
| L JAMES LAWSON III | TRUSTEE Trustee or director | 4 | $0 |
| LEE M HOLLIS | TRUSTEE Trustee or director | 4 | $0 |
| MICHAEL H SPENCER | TRUSTEE Trustee or director | 4 | $0 |
| NATHAN K URQUHART | TRUSTEE Trustee or director | 4 | $0 |
| SAMANTHA M MCLEMORE | TRUSTEE Trustee or director | 4 | $0 |
| SCOTT B BOYD | TRUSTEE Trustee or director | 4 | $0 |
| WANGDALI C BACDAYAN | RECTOR Trustee or director | 6 | $0 |
| WILLIAM G PAYNE | TRUSTEE Trustee or director | 4 | $0 |
| WILLIAM M TOLES | TRUSTEE Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 45 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM C DUDLEY | PRESIDENT AND TRUSTEE Trustee or director, Officer | 40 | $632,313 | $105,208 |
| THOMAS JENNINGS | VICE PRESIDENT Key employee | 40 | $431,344 | $53,784 |
| STEVEN G MCALLISTER | TREASURER Officer | 40 | $387,321 | $52,362 |
| MELANIE WILSON | DEAN Key employee | 40 | $380,377 | $50,830 |
| LENA HILL | PROVOST Key employee | 40 | $348,439 | $74,459 |
| BRIAN C MURCHISON | PROFESSOR Highest-paid employee | 40 | $313,875 | $49,353 |
| MARIA FEELEY | CHIEF LEGAL OFFICER AND GENERAL COUNSEL Highest-paid employee | 40 | $302,382 | $51,493 |
| ROBERT D STRAUGHAN | DEAN Key employee | 40 | $302,277 | $50,040 |
| MARK DRUMBL | PROFESSOR Highest-paid employee | 40 | $292,087 | $29,886 |
| SCOTT HOOVER | PROFESSOR Highest-paid employee | 40 | $275,288 | $44,190 |
| ELIZABETH OLIVER | PROFESSOR Highest-paid employee | 40 | $277,682 | $36,431 |
| JESSICA L WILLETT | SECRETARY Officer | 40 | $241,027 | $72,308 |
| CHAWNE KIMBER | DEAN Key employee | 40 | $263,174 | $34,573 |
| WANGDALI C BACDAYAN | RECTOR Trustee or director | 6 | $0 | $0 |
| JAMES L BALDWIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DANA J BOLDEN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SCOTT B BOYD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN P CASE III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CYNTHIA T CHEATHAM | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHRISTOPHER C DYSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KELLY B GOLUB | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CINDY D HAUSER | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CLIFFORD K HOLEKAMP | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LEE M HOLLIS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| GEORGE D JOHNSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| L JAMES LAWSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DAVID A LEHMAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MICHAEL R MCALEVEY | RECTOR Trustee or director | 6 | $0 | $0 |
| SAMANTHA MCLEMORE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ELIZABETH B PAKENAS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| WILLIAM G PAYNE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHARLES H PRIOLEAU | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LAURIE A RACHFORD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BRODIE GREGORY RIORDAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN W ROBINSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HELEN H SANDERS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JACKSON R SHARMAN III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JAMES R SMALL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MICHAEL H SPENCER | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TODD L SUTHERLAND | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LIZANNE THOMAS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| WILLIAM M TOLES | TRUSTEE Trustee or director | 4 | $0 | $0 |
| NATHAN K URQUHART | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHRISTOPHER H WILLIAMS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JONATHAN M WORTHAM | TRUSTEE Trustee or director | 4 | $0 | $0 |
990 for the year ended June 30, 2023: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM C DUDLEY | PRESIDENT AND TRUSTEE Trustee or director, Officer | 40 | $594,654 | $161,642 |
| THOMAS JENNINGS | VICE PRESIDENT Key employee | 40 | $413,601 | $49,628 |
| LENA HILL | PROVOST Key employee | 40 | $370,232 | $50,001 |
| STEVEN G MCALLISTER | TREASURER Officer | 40 | $371,111 | $48,589 |
| BRIAN C MURCHISON | PROFESSOR Highest-paid employee | 40 | $297,532 | $46,768 |
| MARIA FEELEY | CHEIF LEGAL OFFICER & GC Highest-paid employee | 40 | $289,452 | $48,668 |
| ROBERT D STRAUGHAN | DEAN Key employee | 40 | $288,226 | $48,855 |
| MARK A DRUMBL | PROFESSOR Highest-paid employee | 40 | $280,390 | $28,800 |
| ELIZABETH OLIVER | PROFESSOR Highest-paid employee | 40 | $267,161 | $34,999 |
| JESSICA L WILLETT | SECRETARY Officer | 40 | $225,980 | $68,634 |
| CHAWNE KIMBER | DEAN Key employee | 40 | $251,184 | $32,791 |
| KRISTIE FORD | ASSOCIATE PROVOST Highest-paid employee | 40 | $266,316 | $12,595 |
| MELANIE WILSON | DEAN Key employee | 40 | $192,985 | $27,596 |
| MICHAEL R MCALEVEY | RECTOR Trustee or director | 6 | $0 | $0 |
| WANGDALI C BACDAYAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JAMES L BALDWIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DANA J BOLDEN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SCOTT B BOYD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN P CASE III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| J LAWRENCE CONNOLLY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHRISTOPHER C DYSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CLIFFORD K HOLEKAMP | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LEE HOLLIS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| GEORGE D JOHNSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| DAVID A LEHMAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SAMANTHA MCLEMORE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| B CRAIG OWENS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ELIZABETH BERKHEIMER PAKENAS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| WILLIAM G PAYNE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LAURIE A RACHFORD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BRODIE GREGORY RIORDAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOHN W ROBINSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| HELEN H SANDERS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JAMES R SMALL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TODD L SUTHERLAND | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ROWAN GP TAYLOR | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LIZANNE THOMAS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| WILLIAM M TOLES | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHRISTOPHER H WILLIAMS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JONATHAN M WORTHAM | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CYNTHIA T CHEATHAM | TRUSTEE Trustee or director | 4 | $0 | $0 |
| KELLY B GOLUB | TRUSTEE Trustee or director | 4 | $0 | $0 |
| L JAMES LAWSON III | TRUSTEE Trustee or director | 4 | $0 | $0 |
| NATHAN K URQUHART | TRUSTEE Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 204 W WASHINGTON ST, LEXINGTON, VA 24450-2116
- In care of
- % CELIA A KOVAC
- Mailing address (990-N for 2011)
- 204 West Washington Street, Lexington VA 24450
- Principal officer (990 for 2024)
- WILLIAM C DUDLEY, 204 W WASHINGTON STREET, LEXINGTON, VA 24450
- Principal officer (990-N for 2011)
- Douglas Cumming, Reid Hall, Lexington VA 24450
- Signed the 990
- IRMA J BAILEY, ASSOCIATE TREASUER AND CONTROLLER
- Phone
- (540) 458-8400
- Website
- WWW.WLU.EDU
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- UNIVERSITY PROVIDING A LIBERAL ARTS EDUCATION - SEE SCHEDULE OExpenses $313,000,417 · grants $78,618,810 · revenue $175,494,405
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0505977
- 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
- 1923
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $2,891,880,291
- Income (IRS master file)
- $880,360,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $436,455,053 | $313,000,417 | $2,891,880,291 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $284,783,302 | $296,996,460 | $2,606,326,104 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $276,609,869 | $276,840,316 | $2,535,613,259 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $248,819,904 | $254,894,072 | $2,488,364,359 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Douglas Cumming | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 54-0505977).
Questions about WASHINGTON & LEE UNIVERSITY
- What is the EIN of WASHINGTON & LEE UNIVERSITY?
- The employer identification number (EIN) of WASHINGTON & LEE UNIVERSITY is 54-0505977.
- Is WASHINGTON & LEE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1923.
- Are donations to WASHINGTON & LEE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WASHINGTON & LEE UNIVERSITY 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 WASHINGTON & LEE UNIVERSITY 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 WASHINGTON & LEE UNIVERSITY 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 WASHINGTON & LEE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names WILLIAM C DUDLEY.
- Who are the officers and directors of WASHINGTON & LEE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 45 people; 14 received compensation from the organization, the highest $650,844 (WILLIAM C DUDLEY, PRESIDENT AND TRUSTEE).
- How much revenue does WASHINGTON & LEE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $436,455,053, expenses of $313,000,417 and total assets of $2,891,880,291 at year end.
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