Bowdoin College
- Assets
- $3.3b
- Revenue
- $359.1m
- Investments
- $2.7b
- Employees
- 2,633
- Location
- Brunswick, ME
- Founding
- 06/1935
- Data as of
- 06/2021
- EIN
- 01-0215213
Organization Overview
Bowdoin College is located in Brunswick, ME. The organization was established in 1935. 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, Bowdoin College employed 2,633 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowdoin 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, Bowdoin College generated $359.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $240.3m during the year ending 06/2021. While expenses have increased by 3.0% 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, Bowdoin College has awarded 47 individual grants totaling $3,613,841. 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
FOUR-YEAR PRIVATE UNDERGRADUATE LIBERAL ARTS COLLEGE. SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2022, BOWDOIN ENROLLED 1,874 FULL-TIME EQUIVALENT (FTE) STUDENTS, NOT INCLUDING 74 FTE STUDENTS WHO STUDIED OFF CAMPUS; 93% COMPLETE THE DEGREE WITHIN FIVE YEARS; THE STUDENT/FACULTY RATIO IS 9:1; 100% OF FACULTY HAS A PH.D. OR EQUIVALENT. AS OF JUNE 2022, 42,434 STUDENTS HAVE MATRICULATED AT BOWDOIN COLLEGE, AND 33,918 DEGREES IN ACADEMIC PROGRAMS HAVE BEEN AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Volent Svp/chief Investment Officer | Officer | 40 | $2,652,443 |
K Niles Bryant Svp/chief Investment Officer | Officer | 40 | $1,550,187 |
Scott Meiklejohn SVP For Dvt & Alumni Relations | Officer | 40 | $377,473 |
Clayton Rose President | OfficerTrustee | 40 | $503,393 |
Page Machlin Director Of Investments | 40 | $477,221 | |
Matthew Orlando SVP Finance & Admin/treasurer | Officer | 40 | $405,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Const. Services | 6/29/22 | $4,864,274 |
Broad Institute Covid Testing | 6/29/22 | $1,316,350 |
Great Falls Construction Const. Services | 6/29/22 | $737,536 |
Workday Inc Software Services | 6/29/22 | $721,175 |
Anthem Bcbs Benefits Admin Fees | 6/29/22 | $635,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,857,000 |
| Investment income | $10,460,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,000 |
| Net Rental Income | $41,000 |
| Net Gain/Loss on Asset Sales | $197,161,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,057,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $46,443,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $81,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,052,000 |
| Compensation to disqualified persons | $252,000 |
| Other salaries and wages | $79,325,000 |
| Pension plan accruals and contributions | $6,964,000 |
| Other employee benefits | $11,618,000 |
| Payroll taxes | $5,984,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $783,000 |
| Fees for services: Accounting | $382,000 |
| Fees for services: Lobbying | $22,200 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $521,000 |
| Fees for services: Other | $8,841,000 |
| Advertising and promotion | $41,000 |
| Office expenses | $5,371,000 |
| Information technology | $7,271,000 |
| Royalties | $0 |
| Occupancy | $6,006,000 |
| Travel | $286,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $529,000 |
| Interest | $11,920,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,715,000 |
| Insurance | $997,000 |
| All other expenses | $0 |
| Total functional expenses | $240,341,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,187,000 |
| Pledges and grants receivable | $61,134,000 |
| Accounts receivable, net | $2,559,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,528,000 |
| Inventories for sale or use | $1,569,000 |
| Prepaid expenses and deferred charges | $4,402,000 |
| Investments—publicly traded securities | $123,456,000 |
| Investments—other securities | $2,721,811,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,825,000 |
| Total assets | $3,297,186,000 |
| Accounts payable and accrued expenses | $20,759,000 |
| Grants payable | $1,129,000 |
| Deferred revenue | $1,502,000 |
| Tax-exempt bond liabilities | $86,367,000 |
| Escrow or custodial account liability | $21,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,284,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $264,779,000 |
| Total liabilities | $378,841,000 |
| 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 | $2,918,345,000 |
Grants Awarded
Over the last fiscal year, Bowdoin College has awarded $564,900 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF BRUNSWICK PURPOSE: CONTRIBUTION | $492,000 |
CREATIVE PORTLAND PURPOSE: CONTRIBUTION | $25,000 |
BRUNSWICK DOWNTOWN ASSOCIATION PURPOSE: CONTRIBUTION | $20,400 |
TOWN OF HARPSWELL PURPOSE: CONTRIBUTION | $20,000 |
UNITED WAY OF MID COAST MAINE PURPOSE: CONTRIBUTION | $7,500 |
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 |