Knox College is dedicated to providing a liberal arts education to students from diverse backgrounds. Our mission is carried out through: our curriculum, the character of our learning environment, our residential campus culture, and our community.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $1.7M a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $191.4M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $111K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$50.3M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 40 voting members
Looks good: 39 of 40 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90.4M
+0.8% vs prior year
Spent
$82.9M
To programs
89%
Net assets
$244.0M
By yearFY2020–FY2025
Revenue
$90.4M
FY2021▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$89.7M
FY2021$90.4M
FY2022$97.6M
FY2023$85.7M
FY2024$97.6M
FY2025$103.8M
Expenses
$82.9M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$87.2M
FY2021$82.9M
FY2022$92.6M
FY2023$100.2M
FY2024$98.8M
FY2025$113.2M
Net assets
$244.0M
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$199.8M
FY2021$244.0M
FY2022$212.0M
FY2023$210.2M
FY2024$219.1M
FY2025$215.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1935.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $74.0M Management & general 7% · $5.9M Fundraising 4% · $3.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

52 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President and Ex Officio Trustee
$323,818Pt VII · Sec A
VP of Finance and Admin
$189,492Pt VII · Sec A
Provost and Dean of the College
$177,758Pt VII · Sec A
VP for Advancement
$156,704Pt VII · Sec A
VP for Student Development
$146,421Pt VII · Sec A
VP for Enrollment
$145,184Pt VII · Sec A
Associate VP of Major Gifts
$139,132Pt VII · Sec A
VP and Chief Information Officer
$114,883Pt VII · Sec A

Dr C Andrew McGadney’s $516K as President & Ex Offcio Trustee is at the 40th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr C Andrew McGadney$515,643$423,638$391,815———
Dr Teresa L Amott End 6302021————$323,818—
Dr Teresa L Amott—————$319,432
Monica Keith$188,309$236,305$171,272———
Dr C Andrew McGadney B 721———$230,668——
Heather Bumps$214,950$208,829$190,188———
Dr Teresa L Amott End 63021———$210,288——
Dr Michael Schneider$197,548$206,350$185,896———

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.

See Knox College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers liberal arts education to students from diverse backgrounds.

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Provided by the organization

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1 program · $74.0M · in their own filed words · FY2020
01

Higher Education

Our mission is carried out through our curriculum, the character of our learning environment, our residential campus culture, and our community. Knox college has a tradition of free inquiry, independent thought, and diverse perspectives.

$74.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$111K
See all 3 funders →
Grants paid · 6 grants · $235.2M · 2019–2024
Unitemized GrantFY2024$45,883,731
Unitemized GrantFY2023$36,881,871
Unitemized GrantFY2022$37,297,478
Unitemized GrantFY2021$39,311,874
Unitemized GrantFY2020$36,908,620
Unitemized GrantFY2019$38,956,673

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$90.4M
Ln 12
Fees for servicesLn 2g$61.5M
Gifts and grantsLn 1h$15.3M
Investment incomeLn 3$12.4M
Money outPt IX
$82.9M
Ln 25
Programscol B$74.0M
Managementcol C$5.9M
Fundraisingcol D$3.1M
Owns and owesPt X
$244.0M
net assets · Ln 32
Cash and savingsLn 1–2$13.7M
Total assetsLn 16$294.3M
LiabilitiesLn 26$50.3M
PeoplePt VI, VII
52
listed · VII A
PaidVII A13
Voting boardVI 1a40
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.3M
Government grantsLn 1e$4.0M
Noncash giftsLn 1g$2.3M
Fees for servicesLn 2g$61.5M
Investment incomeLn 3$12.4M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$7.1M
Total revenueLn 12$90.4M
Assets in detailPt X, end of year
CashLn 1$13.1M
SavingsLn 2$641K
Cash and savings togetherLn 1–2$13.7M
InvestmentsLn 11–13$191.4M
Land, buildings, equipmentLn 10c$64.6M
Other assetsLn 15$20.7M
Total assetsLn 16$294.3M
LiabilitiesLn 26$50.3M
Net assetsLn 32$244.0M
OperationsPt I, VI
EmployeesI 51,317
VolunteersI 6473
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.0M$13.7M
InvestmentsLn 11–13$161.1M$191.4M
Land, buildings, equipmentLn 10c$66.2M$64.6M
Total assetsLn 16$257.8M$294.3M
LiabilitiesLn 26$58.1M$50.3M
Net assetsLn 32$199.8M$244.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$36.9M$36.9M
Pay of current officers, directors and key staffLn 5$1.8M$1.5M$105K$155K
Other salaries and wagesLn 7$19.8M$16.9M$1.2M$1.8M
Pension plan contributionsLn 8$68K$58K$4K$6K
Other employee benefitsLn 9$3.4M$2.9M$203K$301K
Payroll taxesLn 10$1.4M$1.2M$85K$126K
Management feesLn 11a$166K$166K
Legal feesLn 11b$171K$15K$156K
Other fees for servicesLn 11g$3.2M$2.0M$867K$309K
Advertising and promotionLn 12$137K$123K$15K
Office expensesLn 13$5.3M$4.4M$694K$209K
Information technologyLn 14$87K$87K
OccupancyLn 16$1.6M$634K$921K
TravelLn 17$400K$366K$15K$18K
InterestLn 20$1.5M$1.1M$379K
Depreciation, depletion and amortizationLn 22$4.5M$3.6M$725K$178K
InsuranceLn 23$576K$228K$348K
Other expenses (24a–d)Ln 24$2.0M$2.0M
Total functional expensesLn 25$82.9M$74.0M$5.9M$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $103.8M$113.2M−$9.4M$215.6M 990 PDF
FY2024 $97.6M$98.8M−$1.3M$219.1M 990 PDF
FY2023 $85.7M$100.2M−$14.5M$210.2M 990 PDF
FY2022 $97.6M$92.6M$5.0M$212.0M 990 PDF
FY2021 Viewing $90.4M$82.9M$7.5M$244.0M 990 PDF
FY2020 $89.7M$87.2M$2.5M$199.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $90,404,751 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,767,456$15,332,020
I-9 Program service revenuePrior year $65,314,384$61,492,524
I-10 Investment incomePrior year $9,697,757$12,361,363
I-11 Other revenuePrior year $874,297$1,218,844
I-12 Total revenuePrior year $89,653,894$90,404,751
I-13 Grants and similar amounts paidPrior year $38,956,673$36,908,620
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $29,170,716$26,426,430
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,073,766$19,550,727
I-18 Total expensesPrior year $87,201,155$82,885,777
I-19 Revenue less expensesPrior year $2,452,739$7,518,974
Part VI · Governance 39 of 40 board members independent, 1 to look at
VI-1a Voting members of the governing body40
VI-1b Independent voting members39
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $90,404,751 across 9 lines filed
VIII-1e Government grants$3,961,165
VIII-1f All other contributions, gifts and grants$11,370,855
VIII-1g Noncash contributions (included above)$2,272,397
VIII-1h Total contributions, gifts and grants$15,332,020
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,491,143 · Unrelated business $1,381$61,492,524
VIII-3 Investment incomeUnrelated business $21,003 · Excluded from tax $5,272,030$5,293,033
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,068,330$7,068,330
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,218,844$1,218,844
VIII-12 Total revenueRelated to mission $62,709,987 · Unrelated business $22,384 · Excluded from tax $12,340,360$90,404,751
Part IX · Statement of functional expenses $82,885,777 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $36,908,620$36,908,620
IX-5 Pay of current officers, directors and key staffPrograms $1,493,827 · Management $104,510 · Fundraising $155,187$1,753,524
IX-7 Other salaries and wagesPrograms $16,851,087 · Management $1,179,131 · Fundraising $1,750,568$19,780,786
IX-8 Pension plan contributionsPrograms $58,037 · Management $4,060 · Fundraising $6,029$68,126
IX-9 Other employee benefitsPrograms $2,895,168 · Management $202,550 · Fundraising $300,766$3,398,484
IX-10 Payroll taxesPrograms $1,214,392 · Management $84,960 · Fundraising $126,158$1,425,510
IX-11a Management feesManagement $165,732$165,732
IX-11b Legal feesPrograms $14,699 · Management $156,213$170,912
IX-11g Other fees for servicesPrograms $1,975,899 · Management $866,557 · Fundraising $309,174$3,151,630
IX-12 Advertising and promotionPrograms $122,504 · Management $14,579$137,083
IX-13 Office expensesPrograms $4,386,098 · Management $693,890 · Fundraising $209,344$5,289,332
IX-14 Information technologyPrograms $86,682$86,682
IX-16 OccupancyPrograms $634,352 · Management $920,865$1,555,217
IX-17 TravelPrograms $366,086 · Management $15,330 · Fundraising $18,474$399,890
IX-20 InterestPrograms $1,108,647 · Management $379,356$1,488,003
IX-22 Depreciation, depletion and amortizationPrograms $3,598,386 · Management $725,102 · Fundraising $178,414$4,501,902
IX-23 InsurancePrograms $228,248 · Management $347,627$575,875
IX-24 Other expenses (24a–d)Programs $2,028,469$2,028,469
IX-25 Total functional expensesPrograms $73,971,201 · Management $5,860,462 · Fundraising $3,054,114$82,885,777
Part X · Balance sheet $294,322,347 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $6,853,565$13,102,203
X-2 Savings and temporary cash investmentsStart of year $1,191,528$640,803
X-3 Pledges and grants receivableStart of year $1,736,018$1,643,398
X-4 Accounts receivableStart of year $2,071,691$1,323,903
X-8 Inventories for sale or useStart of year $222,424$141,862
X-9 Prepaid expenses and deferred chargesStart of year $796,880$835,495
X-10c Land, buildings and equipment, netStart of year $66,183,544$64,591,680
X-11 Publicly traded securitiesStart of year $161,056,919$191,356,548
X-15 Other assetsStart of year $17,716,364$20,686,455
X-16 Total assetsStart of year $257,828,933$294,322,347
X-17 Accounts payable and accrued expensesStart of year $4,370,452$3,771,042
X-19 Deferred revenueStart of year $1,007,521$443,570
X-20 Tax-exempt bond liabilitiesStart of year $38,399,261$35,258,033
X-25 Other liabilitiesStart of year $14,273,323$10,799,860
X-26 Total liabilitiesStart of year $58,050,557$50,272,505
X-27 Net assets without donor restrictionsStart of year $38,500,482$67,264,694
X-28 Net assets with donor restrictionsStart of year $161,277,894$176,785,148
X-32 Total net assets or fund balancesStart of year $199,778,376$244,049,842
X-33 Total liabilities and net assetsStart of year $257,828,933$294,322,347
Part XI · Reconciliation of net assets $244,049,842 net assets at year end
XI-1 Total revenue$90,404,751
XI-2 Total expenses$82,885,777
XI-3 Revenue less expenses$7,518,974
XI-4 Net assets at start of year$199,778,376
XI-5 Net unrealized gains (losses) on investments$30,502,014
XI-9 Other changes in net assets$6,250,478
XI-10 Net assets at end of year$244,049,842

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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