Colby-Sawyer College
- Assets
- $135.0m
- Revenue
- $69.1m
- Investments
- $2.5m
- Employees
- 786
- Location
- New London, NH
- Founding
- 06/1941
- Data as of
- 06/2023
- EIN
- 02-0222120
Organization Overview
Colby-Sawyer College is located in New London, NH. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Colby-Sawyer College employed 786 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colby-Sawyer 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 06/2023, Colby-Sawyer College generated $69.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $63.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTE OF HIGHER LEARNING
Describe the Organization's Program Activity:
THE INSTITUTION OFFERED A COMPREHENSIVE, PRIVATE, LIBERAL ARTS EDUCATION, WITH DEGREES GRANTED AT THE ASSOCIATES, BACHELORS, MASTERS AND DOCTORATE LEVEL. TRADITIONAL UNDERGRADUATE STUDENTS IN THE BACHELOR DEGREE PROGRAMS COMPLETED A LIBERAL ARTS CORE AND CHOSE FROM NINETEEN MAJORS AND TWENTY-SIX MINORS, MANY OF WHICH FOCUSED ON PRE-PROFESSIONAL PREPARATION. ALL TRADITIONAL UNDERGRADUATES WERE REQUIRED TO COMPLETE AT LEAST ONE INTERNSHIP AND A SENIOR CAPSTONE PROJECT. THE CLASS OF 2022 REPORTED A 100 PERCENT SUCCESS RATE (EMPLOYED OR IN GRADUATE SCHOOL) SIX MONTHS AFTER GRADUATION. MANY OF THE GRADUATE AND PROFESSIONAL PROGRAMS FOCUSED ON HEALTH SCIENCE RELATED FIELDS THAT SUPPORTED REGIONAL WORKFORCE NEEDS. GRADUATE AND PROFESSIONAL PROGRAMS WERE OFFERED IN PERSON AS WELL AS ONLINE. STUDENTS ENROLLED IN THE TRADITIONAL AND GRADUATE NURSING PROGRAMS COMPLETED CLINICAL EXPERIENCES AT A HOSPITAL CLASSIFIED AS A LEVEL 1 TRAUMA CENTER. THE INSTITUTION SUPPORTED ALL DEGREE PROGRAMS WITH ACADEMIC SUPPORT SERVICES (LIBRARY, TUTORING, CAREER DEVELOPMENT) AND FINANCIAL ASSISTANCE THROUGH GIFTS, GRANTS, ENDOWMENT INCOME AND COLLEGE RESOURCES, WHICH ASSISTED STUDENTS IN FINANCING THE COST OF THEIR ATTENDANCE.
AUXILIARY SERVICES PROVIDED FOOD SERVICE AND FACILITIES TO STUDENTS AS PART OF A RESIDENTIAL INSTITUTION; STUDENT SERVICES PROVIDED ADDITIONAL SUPPORT FOR ATHLETICS, HEALTH AND COUNSELING, STUDENT ACTIVITIES, AND STUDENT GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hogarty Chair | OfficerTrustee | 4 | $0 |
Anthony H Librot Vice Chair | OfficerTrustee | 2 | $0 |
Bonita S Basnyat Trustee | Trustee | 2 | $0 |
Jourdain K P Bell Trustee | Trustee | 2 | $0 |
Steve Birge Trustee | Trustee | 2 | $0 |
Bernard N Botchway Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eat'n Park Hospitality Group Food & Maintenance | 6/29/23 | $3,203,266 |
Breadloaf Architectural | 6/29/23 | $611,266 |
Carnegie Dartlet Llc Consulting | 6/29/23 | $268,951 |
Alliance Mechanical Chvac Services Hold Mechanical Contractor | 6/29/23 | $265,151 |
Enrollment Fuel Consulting | 6/29/23 | $260,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,650 |
| Related organizations | $0 |
| Government grants | $845,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,912,892 |
| Noncash contributions included in lines 1a–1f | $301,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,779,976 |
| Total Program Service Revenue | $49,593,147 |
| Investment income | $1,460,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$761,549 |
| Net Income from Fundraising Events | -$8,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,063,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,692,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $549,412 |
| Compensation of current officers, directors, key employees. | $549,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,695,927 |
| Pension plan accruals and contributions | $438,703 |
| Other employee benefits | $3,122,723 |
| Payroll taxes | $1,074,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,844 |
| Fees for services: Accounting | $86,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,754 |
| Fees for services: Investment Management | $135,470 |
| Fees for services: Other | $5,421,647 |
| Advertising and promotion | $82,905 |
| Office expenses | $118,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,861,456 |
| Travel | $118,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,046,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,323,604 |
| Insurance | $893,808 |
| All other expenses | $0 |
| Total functional expenses | $63,833,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,184 |
| Savings and temporary cash investments | $7,712,442 |
| Pledges and grants receivable | $4,498,509 |
| Accounts receivable, net | $644,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $180,031 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $524,732 |
| Net Land, buildings, and equipment | $54,287,421 |
| Investments—publicly traded securities | $64,070,033 |
| Investments—other securities | $2,538,475 |
| Investments—program-related | $0 |
| Intangible assets | $484,024 |
| Other assets | $0 |
| Total assets | $134,968,854 |
| Accounts payable and accrued expenses | $3,188,923 |
| Grants payable | $0 |
| Deferred revenue | $2,339,472 |
| Tax-exempt bond liabilities | $20,392,740 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,943,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,553,650 |
| Total liabilities | $31,417,901 |
| Net assets without donor restrictions | $36,796,295 |
| Net assets with donor restrictions | $66,754,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $134,968,854 |