Rhodes College, a College of Liberal Arts, aspires to graduate students with a lifelong passion for learning, compassion for others, and the ability to translate academic study and personal concern into effective leadership and action in their communities and the world.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$3.7M 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

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $9.7M a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
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
<1 mo
of spending, in cash
Plus $470.9M in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $470.9M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $99K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$108.8M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$187.6M
+13% vs prior year
Spent
$165.9M
To programs
92%
Net assets
$547.7M
By yearFY2020–FY2025
Revenue
$187.6M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$126.6M
FY2021$221.6M
FY2022$109.4M
FY2023$165.4M
FY2024$187.6M
FY2025$178.0M
Expenses
$165.9M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$145.5M
FY2021$136.5M
FY2022$156.4M
FY2023$157.8M
FY2024$165.9M
FY2025$168.5M
Net assets
$547.7M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$481.0M
FY2021$565.7M
FY2022$521.0M
FY2023$528.6M
FY2024$547.7M
FY2025$555.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Jul 1946.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $152.3M Management & general 6% · $10.5M Fundraising 2% · $3.2M

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

40 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$496,916Pt VII · Sec A
VP for Development
$291,031Pt VII · Sec A
VP for Fin Business Affairs
$279,686Pt VII · Sec A
Provost VP Acad Affairs
$262,156Pt VII · Sec A
VP for Enrollment
$243,776Pt VII · Sec A
VP for Marketing and Communications
$241,446Pt VII · Sec A
VP for Strategic Initiatives
$215,310Pt VII · Sec A
Provost VP Acad Affairs
$203,680Pt VII · Sec A

Collins Jennifer’s $475K as President is at the 35th 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
Troutt William——$2,103,033———
Collins Jennifer$474,651$496,916$260,409———
Hass Marjorie———$281,546$494,652$496,700
Huebner Timothy S$310,378$203,680$193,932$179,151$178,468$160,817
Wade Jennifer G$309,815$291,031$305,468$282,616$278,558$277,626
Webb Kyle$282,913$279,686$282,725$281,909$277,526$281,386
Bassard Katherine$202,823$262,156$255,794$246,246$132,287—
Richey Melody K——$242,807$250,043$244,804$244,429

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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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

Educates students in liberal arts and sciences at a private, residential college.

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Provided by the organization

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3 programs · $122.4M · in their own filed words · FY2023
01

Student Financial Aid consisting of Financial Aid Program Honorary Scholarship and Fellowship Program

$67.0Mprogram expense
02

Academic Instruction serving 1,869 students

$34.4Mprogram expense
03

Student Services expenses includes activities that contribute to the students well-being and development beyond the academic program. Included in student services expenses are the Counseling Center, Career Services, Athletics, Admissions, Registrar, Student Government, etc.

$21.0Mprogram 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
See all 7 funders →
Grants paid · 6 grants · $356.5M · 2019–2024
Unitemized GrantFY2024$61,613,139
Unitemized GrantFY2023$63,493,053
Unitemized GrantFY2022$62,037,274
Unitemized GrantFY2021$61,397,972
Unitemized GrantFY2020$53,860,308
Unitemized GrantFY2019$54,143,813

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$187.6M
Ln 12
Fees for servicesLn 2g$129.0M
Other incomeLn 4–11$44.3M
Gifts and grantsLn 1h$10.7M
Money outPt IX
$165.9M
Ln 25
Programscol B$152.3M
Managementcol C$10.5M
Fundraisingcol D$3.2M
Owns and owesPt X
$547.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$656.5M
LiabilitiesLn 26$108.8M
PeoplePt VI, VII
40
listed · VII A
PaidVII A16
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.7M
Government grantsLn 1e$1.0M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$129.0M
Investment incomeLn 3$3.6M
Other incomeLn 4–11$44.3M
Total revenueLn 12$187.6M
Assets in detailPt X, end of year
CashLn 1$4.1M
Cash and savings togetherLn 1–2$4.1M
InvestmentsLn 11–13$470.9M
Land, buildings, equipmentLn 10c$173.6M
Other assetsLn 15$1.6M
Total assetsLn 16$656.5M
LiabilitiesLn 26$108.8M
Net assetsLn 32$547.7M
OperationsPt I, VI
EmployeesI 51,610
VolunteersI 6635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$74.5M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$81.9M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$3.5M
Noncash gifts receivedSch M Pt I$1.1M
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$431.6M$405.8M$394.3M$431.8M$341.2M
Given inLn 1b$1.4M$2.4M$3.2M$2.4M$1.2M
SpentLn 1d–1f$21.5M$19.6M$19.4M$19.3M$16.6M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.0M$4.1M
InvestmentsLn 11–13$444.7M$470.9M
Land, buildings, equipmentLn 10c$178.7M$173.6M
Total assetsLn 16$641.0M$656.5M
LiabilitiesLn 26$112.4M$108.8M
Net assetsLn 32$528.6M$547.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$63.5M$63.5M
Grants and assistance to foreign recipientsLn 3$3.5M$3.5M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$3.3M$1.2M$1.8M$373K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$39.3M$34.8M$2.8M$1.8M
Pension plan contributionsLn 8$2.9M$2.5M$231K$173K
Other employee benefitsLn 9$7.5M$6.6M$613K$250K
Payroll taxesLn 10$2.9M$2.5M$236K$177K
Management feesLn 11a$0
Legal feesLn 11b$523K$123K$399K$680
Accounting feesLn 11c$158K$158K
Lobbying feesLn 11d$0
Investment management feesLn 11f$377K$377K
Other fees for servicesLn 11g$761K$490K$262K$9K
Advertising and promotionLn 12$266K$167K$85K$14K
Office expensesLn 13$3.4M$3.1M$179K$111K
Information technologyLn 14$3.7M$3.2M$390K$146K
RoyaltiesLn 15$0
OccupancyLn 16$3.3M$3.2M$68K
TravelLn 17$2.4M$2.3M$69K$81K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$253K$231K$21K$900
InterestLn 20$3.0M$2.9M$119K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9.7M$8.8M$910K
InsuranceLn 23$1.8M$1.8M$82K
Other expenses (24a–d)Ln 24$11.5M$10.8M$619K$54K
All other expensesLn 24e$1.7M$553K$1.1M$36K
Total functional expensesLn 25$165.9M$152.3M$10.5M$3.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $178.0M$168.5M$9.5M$555.8M 990 PDF
FY2024 ViewingFiled with the IRS Apr 23, 2025 $187.6M$165.9M$21.6M$547.7M 990 PDF
FY2023Filed with the IRS Apr 18, 2024 $165.4M$157.8M$7.7M$528.6M 990 PDF
FY2022 $109.4M$156.4M−$47.0M$521.0M 990 PDF
FY2021Filed with the IRS May 6, 2022 $221.6M$136.5M$85.1M$565.7M 990 PDF
FY2020Filed with the IRS Apr 27, 2021 $126.6M$145.5M−$18.9M$481.0M 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $187,561,164 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,688,951$10,682,900
I-9 Program service revenuePrior year $123,507,006$129,018,782
I-10 Investment incomePrior year $5,139,813$3,560,785
I-11 Other revenuePrior year $24,095,133$44,298,697
I-12 Total revenuePrior year $165,430,903$187,561,164
I-13 Grants and similar amounts paidPrior year $65,140,046$67,031,491
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,497,816$55,961,952
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,129,051$42,929,584
I-18 Total expensesPrior year $157,766,913$165,923,027
I-19 Revenue less expensesPrior year $7,663,990$21,638,137
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $187,561,164 across 8 lines filed
VIII-1e Government grants$1,002,723
VIII-1f All other contributions, gifts and grants$9,680,177
VIII-1g Noncash contributions (included above)$1,105,651
VIII-1h Total contributions, gifts and grants$10,682,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,286,081 · Unrelated business $15,000$129,018,782
VIII-3 Investment incomeExcluded from tax $3,560,785$3,560,785
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $89,709 · Excluded from tax $44,208,988$44,298,697
VIII-12 Total revenueRelated to mission $125,286,081 · Unrelated business $104,709 · Excluded from tax $47,769,773$187,561,164
Part IX · Statement of functional expenses $165,923,027 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $63,493,053$63,493,053
IX-3 Grants and assistance to foreign recipientsPrograms $3,538,438$3,538,438
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,155,637 · Management $1,815,449 · Fundraising $372,694$3,343,781
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $34,760,850 · Management $2,751,521 · Fundraising $1,780,508$39,292,879
IX-8 Pension plan contributionsPrograms $2,479,786 · Management $230,678 · Fundraising $173,008$2,883,472
IX-9 Other employee benefitsPrograms $6,635,325 · Management $612,981 · Fundraising $249,501$7,497,807
IX-10 Payroll taxesPrograms $2,531,851 · Management $235,521 · Fundraising $176,641$2,944,013
IX-11a Management fees$0
IX-11b Legal feesPrograms $123,392 · Management $398,531 · Fundraising $680$522,603
IX-11c Accounting feesManagement $158,154$158,154
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $376,850$376,850
IX-11g Other fees for servicesPrograms $490,183 · Management $261,732 · Fundraising $8,912$760,828
IX-12 Advertising and promotionPrograms $167,337 · Management $84,601 · Fundraising $13,883$265,820
IX-13 Office expensesPrograms $3,079,289 · Management $179,413 · Fundraising $111,157$3,369,858
IX-14 Information technologyPrograms $3,201,299 · Management $389,779 · Fundraising $145,598$3,736,676
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,212,972 · Management $68,248$3,281,220
IX-17 TravelPrograms $2,256,979 · Management $68,611 · Fundraising $81,304$2,406,894
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $231,222 · Management $20,692 · Fundraising $900$252,813
IX-20 InterestPrograms $2,903,221 · Management $118,522$3,021,743
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,834,698 · Management $910,477$9,745,175
IX-23 InsurancePrograms $1,767,258 · Management $81,755$1,849,013
IX-24 Other expenses (24a–d)Programs $10,848,880 · Management $619,029 · Fundraising $53,964$11,521,873
IX-24e All other expensesPrograms $553,446 · Management $1,070,180 · Fundraising $36,437$1,660,064
IX-25 Total functional expensesPrograms $152,265,116 · Management $10,452,724 · Fundraising $3,205,187$165,923,027
Part X · Balance sheet $656,538,822 assets, 18 lines filed
Asset lines not itemized here account for $104,232; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,955,868$4,140,190
X-3 Pledges and grants receivableStart of year $4,636,054$4,519,690
X-4 Accounts receivableStart of year $981,837$1,392,172
X-9 Prepaid expenses and deferred chargesStart of year $131,593$305,076
X-10c Land, buildings and equipment, netStart of year $178,720,018$173,585,626
X-11 Publicly traded securitiesStart of year $83,705,250$86,384,936
X-12 Other securitiesStart of year $361,030,488$384,541,445
X-15 Other assetsStart of year $1,859,046$1,565,455
X-16 Total assetsStart of year $641,026,108$656,538,822
X-17 Accounts payable and accrued expensesStart of year $16,890,834$17,841,834
X-19 Deferred revenueStart of year $1,050,344$361,973
X-20 Tax-exempt bond liabilitiesStart of year $77,292,626$74,539,744
X-25 Other liabilitiesStart of year $13,978,799$16,100,386
X-26 Total liabilitiesStart of year $112,403,145$108,843,937
X-27 Net assets without donor restrictionsStart of year $197,026,470$190,562,447
X-28 Net assets with donor restrictionsStart of year $331,596,493$357,132,438
X-32 Total net assets or fund balancesStart of year $528,622,963$547,694,885
X-33 Total liabilities and net assetsStart of year $641,026,108$656,538,822
Part XI · Reconciliation of net assets $547,694,885 net assets at year end
XI-1 Total revenue$187,561,164
XI-2 Total expenses$165,923,027
XI-3 Revenue less expenses$21,638,137
XI-4 Net assets at start of year$528,622,963
XI-9 Other changes in net assets−$2,566,215
XI-10 Net assets at end of year$547,694,885

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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