President & Trustees Of Colby College
- Assets
- $2.2b
- Revenue
- $290.1m
- Investments
- $1.1b
- Employees
- 2,776
- Location
- Waterville, ME
- Founding
- 04/1944
- Data as of
- 06/2021
- EIN
- 01-0211497
Organization Overview
President & Trustees Of Colby College is located in Waterville, ME. The organization was established in 1944. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, President & Trustees Of Colby College employed 2,776 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. President & Trustees Of Colby College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, President & Trustees Of Colby College generated $290.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $230.4m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, President & Trustees Of Colby College has awarded 75 individual grants totaling $1,666,243. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION: INSTRUCTION OF 2,262 UNDERGRADUATE STUDENTS IN 2021/22. IN THE 2021/22 YEAR, 529 STUDENTS GRADUATED, AND AN ESTIMATED 230 STUDENTS STUDIED AWAY. 87.45% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 10:1. THIS INCLUDES EXPENDITURES FOR FACULTY, DORMITORIES AND DINING, STUDENT AND ACADEMIC SUPPORT SERVICES, CAMPUS MAINTENANCE SERVICES AND OTHER RELATED COSTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greene David A President | OfficerTrustee | 40 | $1,328,313 |
Terp Douglas C Vice President For Administration And CFO | Officer | 40 | $462,014 |
Shufrin Deborah Associate VP And Chief Investment Officer | Officer | 40 | $450,000 |
Uchida Richard Y Vice President, General Counsel And Secretary Of The College | Officer | 40 | $350,000 |
Mcfadden Margaret T Provost And Dean Of Faculty | Officer | 40 | $330,010 |
Burrell-Mcrae Karlene Dean Of The College | Officer | 40 | $309,160 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Construction | 6/29/22 | $16,402,000 |
Landry French Construction Co Construction | 6/29/22 | $13,655,000 |
Bon Appetit Management Co Food Services | 6/29/22 | $9,219,000 |
Cianbro Corporation Construction | 6/29/22 | $6,091,000 |
William Rawn Assoc Architects Inc Architecture | 6/29/22 | $3,141,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,028,000 |
| Investment income | $12,487,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,000 |
| Net Gain/Loss on Asset Sales | $75,174,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,124,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $50,408,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $741,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,765,827 |
| Compensation to disqualified persons | $42,718 |
| Other salaries and wages | $65,982,603 |
| Pension plan accruals and contributions | $3,913,852 |
| Other employee benefits | $13,319,000 |
| Payroll taxes | $4,767,000 |
| Fees for services: Management | $22,151,000 |
| Fees for services: Legal | $902,000 |
| Fees for services: Accounting | $267,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,163,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,573,000 |
| Information technology | $4,370,000 |
| Royalties | $0 |
| Occupancy | $9,334,000 |
| Travel | $617,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,641,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,564,000 |
| Insurance | $3,180,000 |
| All other expenses | $0 |
| Total functional expenses | $230,448,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,925,000 |
| Pledges and grants receivable | $150,802,000 |
| Accounts receivable, net | $11,539,596 |
| Loans from Officers, Directors, or Controlling Persons | $176,404 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $681,000 |
| Inventories for sale or use | $892,000 |
| Prepaid expenses and deferred charges | $2,420,000 |
| Investments—publicly traded securities | $274,530,000 |
| Investments—other securities | $1,092,743,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,787,000 |
| Total assets | $2,242,751,000 |
| Accounts payable and accrued expenses | $29,115,000 |
| Grants payable | $0 |
| Deferred revenue | $2,788,000 |
| Tax-exempt bond liabilities | $25,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,540,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,061,000 |
| Total liabilities | $311,504,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,931,247,000 |
Grants Awarded
Over the last fiscal year, President & Trustees Of Colby College has awarded $173,871 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WATERVILLE CREATES PURPOSE: General support | $96,500 |
CENTRAL MAINE GROWTH COUNCIL PURPOSE: General support | $41,871 |
ALFOND YOUTH CENTER PURPOSE: General support | $5,500 |
CITY OF WATERVILLE PURPOSE: General support | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bowdoin College Brunswick, ME | $3,297,186,000 | $359,057,000 |
President & Trustees Of Colby College Waterville, ME | $2,242,751,000 | $290,124,000 |
President And Trustees Of Bates College Lewiston, ME | $890,076,823 | $193,955,130 |
Saint Anselm College Manchester, NH | $372,219,645 | $145,234,388 |
Franklin Pierce University Rindge, NH | $92,753,056 | $85,806,266 |
New England College Henniker, NH | $96,223,111 | $84,142,963 |
Unity Environmental University New Gloucester, ME | $90,752,974 | $78,824,720 |
Colby-Sawyer College New London, NH | $134,968,854 | $69,063,751 |
Thomas College Waterville, ME | $83,830,985 | $31,052,244 |
College Of The Atlantic Bar Harbor, ME | $141,928,490 | $28,002,873 |
Maine College Of Art Portland, ME | $47,873,713 | $26,110,572 |
Thomas More College Of Liberal Arts Incorporated Merrimack, NH | $7,414,400 | $5,988,598 |
Magdalen College Warner, NH | $3,658,951 | $2,671,615 |
Keene Endowment Association Keene, NH | $16,865,844 | $3,071,802 |
Maine Wesleyan Board Of Education Topsham, ME | $1,191,719 | $42,530 |
New England Baptist Bible College Bangor, ME | $0 | $0 |