Lafayette College
Provides a four-year undergraduate education on a residential campus, combining rigorous academics with diverse extracurriculars, athletics, and community-building opportunities. For fiscal year 2024 it reported $335.2M in revenue, $292.3M in expenses, and $1.5B in net assets.Pt I
- Founded
- 1826
- Type
- Higher education institution · Colleges & Universities
- Location
- Easton, PA
- Website
- www.lafayette.edu
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Nicole F Hurd’s $1.0M as President is at the 76th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Alison R Byerly | — | — | — | $1,723,521 | $616,685 | $816,569 |
| Nicole F Hurd | $1,027,882 | $906,957 | $703,898 | — | — | — |
| Krishna Memani | $960,549 | $939,939 | $838,895 | $714,170 | $84,062 | — |
| Mervin a Burton | — | — | — | $517,739 | $455,192 | $425,830 |
| Joseph S Bohrer | — | — | — | — | $345,785 | $516,641 |
| John R Dailey | $482,908 | $505,701 | $400,623 | — | — | — |
| Roger a Demareski | — | — | — | $418,890 | $452,323 | $476,875 |
| Li Zhao | $468,437 | $462,824 | $385,306 | $350,127 | $309,681 | $278,884 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Lafayette college is a liberal arts college offering bachelor of arts engineering, natural sciences, and social sciences. In fall 2024, the 2,750 students came from 44 states and 47 countries. The student-to-faculty ratio at the college is approximately 10 to 1. Of the 259 full-time faculty, 252 hold a doctorate or other terminal degree.
As a residential college, lafayette students complement their academic. Scholarship with a myriad of opportunities to connect with one another and learn from the large world represented on the college's campus.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 11% | — | — |
| Revenue growth | 28% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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