Lafayette College

Nonprofit profile at a glance

EIN
240795686
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Easton, PA, USA
Phone
6103305136
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$335,226,661
Expenses
$292,271,663
Assets
$1,841,384,079
Liabilities
$364,313,175

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

49 people listed

Executive titles in this filing

  • NICOLE F HURD (PRESIDENT)

Highest reported compensation

  • NICOLE F HURD (PRESIDENT): $1,133,570 total reported compensation
  • KRISHNA MEMANI (CHIEF INVESTMENT OFFICER): $1,009,788 total reported compensation
  • JOHN R DAILEY (DIRECTOR OF INVESTMENTS): $526,355 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chartered in 1826, lafayette college is dedicated to excellence in undergraduate education. Students are engaged in a transformative educational experience that bridges the liberal arts, engineering, and interdisciplinary study. The college fosters (continued in sch o) intellectual inquiry, artistic exploration, scholarship, and personal growth in a vibrant, diverse, and inclusive community. Lafayette students become critical thinkers, creative problem-solvers, and responsible citizens of the world.

What it reported doing in 2024

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. As part of their experience at a residential college, lafayette students are deeply engaged academically and have significant opportunities toengage in a vast offering of extracurricular and co-curricular possibilities. Lafayette college offers more than 150 student clubs and organizations, 23 ncaa division 1 athletic programs, and numerous experiences in the fine arts and performing arts all of which are complemented by a strong student life program that enhances the lafayette experience beyond the classroom.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 79
  • Accountability: 98
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.3%; rating input score 90
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $9.23 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 95.2%; rating input score 95; 35th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 97.1%; rating input score 97; 52nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.8%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 6.3; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 90.3% of revenue deployed · 87.2% of spending went to programs
  • Governance: 33 of 34 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $254.9M in reported program spending
  • Leadership: top reported pay $1.1M · 49 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $37M reported
  • Consistency: 46 of 47 current checks pass · 1 finding to review
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.