President & Trustees Of Colby College
- Assets
- $1.9b
- Revenue
- $292.4m
- Investments
- $734.7m
- Employees
- 2,610
- Location
- Waterville, ME
- Founding
- 04/1944
- Data as of
- 06/2020
- 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 06/2021, President & Trustees Of Colby College employed 2,610 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 06/2020, President & Trustees Of Colby College generated $292.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $212.3m during the year ending 06/2020. While expenses have increased by 3.1% per year over the past 6 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 65 individual grants totaling $1,394,764. 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
2020
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 2,155 UNDERGRADUATE STUDENTS IN 2020/21. 523 WERE GRADUATED IN THE 2020/21 YEAR. THIS INCLUDES EXPENDITURES FOR FACULTY, DORMITORIES AND DINING, STUDENT AND ACADEMIC SUPPORT SERVICES, CAMPUS MAINTENANCE SERVICES AND OTHER RELATED COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greene David A President | OfficerTrustee | 40 | $1,115,711 |
O'donnell Hugh J Associate VP & Chief Investment Officer | Officer | 40 | $483,020 |
Terp Douglas C Vice President For Administration And CFO | Officer | 40 | $403,757 |
Mcgadney C Andrew Vice President And Dean Of Student Advancement | Officer | 40 | $334,125 |
Uchida Richard Y Vice President, General Counsel And Secretary Of The College | Officer | 40 | $301,000 |
Mcfadden Margaret T Provost And Dean Of Faculty | Officer | 40 | $286,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landry French Construction Co Construction | 6/29/21 | $17,321,278 |
William Rawn Assoc Architects Inc Architecture | 6/29/21 | $2,520,260 |
Clinical Research Sequencing Platfo Laboratory | 6/29/21 | $5,279,079 |
Consigli Construction Co Inc Construction | 6/29/21 | $41,051,830 |
Bon Appetit Management Co Food Services | 6/29/21 | $7,909,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,975,000 |
| Investment income | $13,099,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,000 |
| Net Gain/Loss on Asset Sales | $57,633,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,366,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $41,859,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,345,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,426,894 |
| Compensation to disqualified persons | $12,593 |
| Other salaries and wages | $65,181,513 |
| Pension plan accruals and contributions | $3,966,000 |
| Other employee benefits | $12,850,000 |
| Payroll taxes | $4,700,000 |
| Fees for services: Management | $12,044,000 |
| Fees for services: Legal | $343,000 |
| Fees for services: Accounting | $244,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,386,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,293,000 |
| Information technology | $3,167,000 |
| Royalties | $0 |
| Occupancy | $6,454,000 |
| Travel | $4,394,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,113,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,296,000 |
| Insurance | $2,551,000 |
| All other expenses | $0 |
| Total functional expenses | $212,296,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,347,000 |
| Pledges and grants receivable | $184,111,000 |
| Accounts receivable, net | $4,445,469 |
| Loans from Officers, Directors, or Controlling Persons | $134,531 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $888,000 |
| Inventories for sale or use | $1,110,000 |
| Prepaid expenses and deferred charges | $2,507,000 |
| Investments—publicly traded securities | $235,517,000 |
| Investments—other securities | $734,732,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,471,000 |
| Total assets | $1,856,024,000 |
| Accounts payable and accrued expenses | $29,536,000 |
| Grants payable | $0 |
| Deferred revenue | $4,225,000 |
| 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 | $200,498,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,180,000 |
| Total liabilities | $314,439,000 |
| 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 | $1,541,585,000 |
Grants Awarded
Over the last fiscal year, President & Trustees Of Colby College has awarded $179,748 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Waterville, ME PURPOSE: General support | $65,309 |
Waterville, ME PURPOSE: General support | $47,000 |
CITY OF WATERVILLE PURPOSE: General support | $20,000 |
Hallowell, ME PURPOSE: General support | $10,000 |
Fairfield, ME PURPOSE: General support | $10,000 |
Montgomery, AL PURPOSE: General support | $9,606 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that President & Trustees Of Colby College has recieved totaling $7,350.
| Awarding Organization | Amount |
|---|---|
Jjk Foundation Herndon, VA PURPOSE: 1813 SOCIETY | $6,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
The Andover Companies Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $878,323,000 |
| Earnings | $408,898,000 |
| Admin Expense | $8,163,000 |
| Net Contributions | $25,511,000 |
| Other Expense | $31,024,000 |
| Grants | $15,807,000 |
| Ending Balance | $1,257,738,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bowdoin College Brunswick, ME | $3,297,186,000 | $359,057,000 |
President & Trustees Of Colby College Waterville, ME | $1,856,024,000 | $292,366,000 |
President And Trustees Of Bates College Lewiston, ME | $890,076,823 | $193,955,130 |
Saint Anselm College Manchester, NH | $315,292,787 | $136,934,234 |
Franklin Pierce University Rindge, NH | $94,215,029 | $91,004,046 |
New England College Henniker, NH | $96,223,111 | $84,142,963 |
Colby-Sawyer College New London, NH | $126,086,266 | $73,333,222 |
Thomas College Waterville, ME | $83,830,985 | $31,052,244 |
College Of The Atlantic Bar Harbor, ME | $133,676,028 | $26,542,064 |
Maine College Of Art Portland, ME | $42,166,138 | $26,019,477 |
Unity Environmental University New Gloucester, ME | $57,062,200 | $27,891,270 |
Thomas More College Of Liberal Arts Incorporated Merrimack, NH | $7,226,691 | $5,235,090 |