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KNOX COLLEGE

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Public IRS 990 nonprofit record

KNOX COLLEGE

EIN 37-0673513 · Education (B420)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $83.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders54 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.07%of revenue went to mission work83.5% of expenses · Program services
4.75%of revenue went to fundraising4.4% of expenses
$109.04spent for every $100 of revenueSpending was higher than revenue this year.
13.22%of revenue went to management and office costs12.1% of expenses
$2.53in assets for every $1 spent this yearSome assets cannot be spent right away.
17.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $9,385,030 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $624,278 for DR C ANDREW MCGADNEY (PRESIDENT & EX OFFCIO TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$103,848,516
Mission workProgram services$94,570,91491.07% of revenue83.5% of expenses
ManagementOffice and general costs$13,733,94413.22% of revenue12.1% of expenses
FundraisingAsking for donations$4,928,6884.75% of revenue4.4% of expenses
Total expenses$113,233,546109.04% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 83.5% mission · 12.1% management · 4.4% fundraisingTotal expenses: 109.04% of revenue
2023Expense mix: 84.3% mission · 11.4% management · 4.2% fundraisingTotal expenses: 101.29% of revenue
2022Expense mix: 81.2% mission · 14.8% management · 3.9% fundraisingTotal expenses: 116.97% of revenue
2021Expense mix: 87.4% mission · 9.1% management · 3.4% fundraisingTotal expenses: 94.87% of revenue
2020Expense mix: 89.2% mission · 7.1% management · 3.7% fundraisingTotal expenses: 91.68% of revenue
2019Expense mix: 89.0% mission · 7.3% management · 3.7% fundraisingTotal expenses: 97.26% of revenue
2018Expense mix: 87.8% mission · 8.5% management · 3.7% fundraisingTotal expenses: 95.31% of revenue
2017Expense mix: 87.6% mission · 8.4% management · 4.0% fundraisingTotal expenses: 85.03% of revenue

Money in and money out

Revenue$103,848,516
Expenses$113,233,546
Annual shortfall $9,385,030 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$94,570,914 · 83.5% of expenses
Management and office costs$13,733,944 · 12.1% of expenses
Fundraising$4,928,688 · 4.4% of expenses
See all reported dollar amounts
Revenue$103,848,516
Expenses$113,233,546
Assets$286,131,504
Income$127,404,994
Contributions$18,636,826
Mission work (program services)$94,570,914
Fundraising$4,928,688
Management and general$13,733,944
Stocks and bonds$171,449,663
Investing fees$462,419
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DR C ANDREW MCGADNEYPRESIDENT & EX OFFCIO TRUSTEE · 55 hrs/week $624,278Base $515,643 · Other $108,635
HEATHER BUMPSVP FOR STRATEGIC INITIATES · 40 hrs/week $268,250Base $214,950 · Other $53,300
MONICA KEITHVP FOR ADVANCEMENT · 40 hrs/week $241,625Base $188,309 · Other $53,316
ALEC GUROFFVP FINANCE AND CFO, TREASURER · 40 hrs/week $240,267Base $194,575 · Other $45,692
NATHAN AMENTVP FOR ENROLLMENT · 40 hrs/week $238,433Base $203,790 · Other $34,643
DR MICHAEL SCHNEIDERPROVOST & DEAN OF THE COLLEGE · 40 hrs/week $230,922Base $197,548 · Other $33,374
BRAD NOLDENVP FOR ADMINISTRATION · 40 hrs/week $220,804Base $192,121 · Other $28,683
DR MARQUITA BARKERVP FOR STUDENT DEVELOPMENT · 40 hrs/week $210,604Base $165,292 · Other $45,312
ANGIE HOPPINGCONTROLLER, ASSISTANT TREASURER · 40 hrs/week $159,085Base $113,479 · Other $45,606
J MARK WILSONASSOCIATE VP, PRINCIPAL GIFTS · 40 hrs/week $157,944Base $145,261 · Other $12,683
MARY CRAWFORDASSOCIATE DEAN OF THE COLLEGE · 40 hrs/week $152,488Base $117,808 · Other $34,680
MEGAN SCOTTVP OF COMMUNICATIONS · 40 hrs/week $142,112Base $133,860 · Other $8,252

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (54)

DR C ANDREW MCGADNEYPRESIDENT & EX OFFCIO TRUSTEE

HEATHER BUMPSVP FOR STRATEGIC INITIATES

MONICA KEITHVP FOR ADVANCEMENT

ALEC GUROFFVP FINANCE AND CFO, TREASURER

NATHAN AMENTVP FOR ENROLLMENT

DR MICHAEL SCHNEIDERPROVOST & DEAN OF THE COLLEGE

BRAD NOLDENVP FOR ADMINISTRATION

DR MARQUITA BARKERVP FOR STUDENT DEVELOPMENT

ANGIE HOPPINGCONTROLLER, ASSISTANT TREASURER

J MARK WILSONASSOCIATE VP, PRINCIPAL GIFTS

MARY CRAWFORDASSOCIATE DEAN OF THE COLLEGE

MEGAN SCOTTVP OF COMMUNICATIONS

SANDRA GRAYASST. VP FOR ADVANCEMENT

JAMES STEVENSCHIEF INFORMATION OFFICER

ROBERT BARKERSECRETARY OF THE COLLEGE

ANNA JO CLARKDIR OF INSTITUTIONAL RESEARCH

MS SONYA MALUNDAGENERAL TRUSTEE

MR TONY ETZBOARD CHAIR (UNTIL 3/10/25)

MS APRIL J MORGAN VICE CHAIROF THE COMMITTEE ON AUDIT AND RISK

MS CAROL BOVARD CRAIGGENERAL TRUSTEE

MS HELEN H LINGENERAL TRUSTEE

MS JANICE V SHARRY ESQCHAIR OF COMMITTEE ON GOVERNANCE

MS JULIANA TIOANDAGENERAL TRUSTEE

MS JULIE RADEMAKERVICE CHAIR OF COMMITTEE ON GOVERNANCE

MS LAURA M ROSENEGENERAL TRUSTEE

MS SARA JANE AHMEDGENERAL TRUSTEE

MR TINO H SCHULERGENERAL TRUSTEE

MS SUSAN A BLEWGENERAL TRUSTEE

MS SUSAN C PLOMINGENERAL TRUSTEE

MS SUSAN HAERR ZUCKERGENERAL TRUSTEE

MS TOMILOLA OLOTUALUMNI TRUSTEE

MS XINYUE VELA LUALUMNI TRUSTEE

DR AKWASI ASABEREALUMNI TRUSTEE

DR KEITH E MASKUSGENERAL TRUSTEE

DR MICHAEL CHUBRICHGENERAL TRUSTEE

MR JOHN T LAWLER BOARD CHAIRCHAIR COLLEGE OF FINANCES COMMITTEE

DR BARBARA A BAIRDBOARD VICE CHAIR

MR ADAM G VITALEGENERAL TRUSTEE

MR ANTHONY J TEDESCHI CHAIROF THE COMMITTEE ON AUDIT AND RISK

MR DAN J SPAULDINGGENERAL TRUSTEE

MR DONALD F HARMONGENERAL TRUSTEE

MR DONOVAN PEPPERGENERAL TRUSTEE

MR E JAMES MASONCHAIR OF ADMISSION AND ADVANCEMENT

MR FREDERICK A VEAGUEGENERAL TRUSTEE

MR JAMES R POTTERGENERAL TRUSTEE

DR DAVID A SCHULZGENERAL TRUSTEE

MR JOSEPH C BASTIANGENERAL TRUSTEE

MR MARK KLEINEGENERAL TRUSTEE

MR MARK D DRAPERGENERAL TRUSTEE

MR MAURICE HARRISGENERAL TRUSTEE

MR NYERERE K BILLUPS SRVICE CHAIR OF ADMISSION AND ADVANCEMENT

MR PATRICK ST A LYNGENERAL TRUSTEE

MR ROBERT C LONG VICE CHAIROF THE COMMITTEE ON COLLEGE FINANCES

MR SCOTT L WESTERMANGENERAL TRUSTEE

About this charity

Recognized since
January 1935
Location
2 E SOUTH ST, GALESBURG, IL 61401-4938
County
Knox
In care of
% THOMAS B AXTELL VP FOR FINANCE
Primary officer
SCOTT JONES, VP FINANCE & CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
RSM US LLP
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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