Trustees Of Amherst College
- Assets
- $5.3b
- Revenue
- $604.9m
- Investments
- $3.6b
- Employees
- 3,041
- Location
- Amherst, MA
- Founding
- 08/1933
- Data as of
- 06/2022
- EIN
- 04-2103542
Organization Overview
Trustees Of Amherst College is located in Amherst, MA. The organization was established in 1933. 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, Trustees Of Amherst College employed 3,041 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Amherst 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 06/2022, Trustees Of Amherst College generated $604.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $387.2m during the year ending 06/2022. While expenses have increased by 4.3% 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, Trustees Of Amherst College has awarded 63 individual grants totaling $3,398,755. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
HIGHER EDUCATION: UNDERGRADUATE EDUCATIONAMHERST COLLEGE IS AN UNDERGRADUATE INSTITUTION WITH AN APPROXIMATE STUDENT ENROLLMENT OF 1,970.
HOME TO THE WORLD'S LARGEST SHAKESPEARE COLLECTION, THE FOLGER SHAKESPEARE LIBRARY IS A MAJOR CENTER FOR SCHOLARLY RESEARCH; A LIVELY VENUE FOR PERFORMANCES, READINGS, EXHIBITIONS; AND A NATIONAL LEADER IN HUMANITIES EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Martin President | OfficerTrustee | 40 | $750,994 |
Jeffery Bleich Trustee | Trustee | 5 | $0 |
Theodore Beneski Trustee | Trustee | 5 | $0 |
Mary Elizabeth Cisneros Trustee | Trustee | 5 | $0 |
Douglas Grissom Trustee | Trustee | 5 | $0 |
Rejji Hayes Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sasaki Associates Inc Architectural Services | 6/29/22 | $4,763,948 |
Lone Pine Capital Investment Management | 6/29/22 | $3,623,980 |
Rad Sports Construction Company | 6/29/22 | $3,552,013 |
Sequoia Capital Investment Management | 6/29/22 | $2,994,002 |
The Baupost Group Llc Investment Management | 6/29/22 | $2,447,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $375,926 |
| Related organizations | $0 |
| Government grants | $5,776,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,879,737 |
| Noncash contributions included in lines 1a–1f | $28,420,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,032,185 |
| Total Program Service Revenue | $150,985,053 |
| Investment income | $34,066,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $560,134 |
| Net Rental Income | -$42,920 |
| Net Gain/Loss on Asset Sales | $332,026,262 |
| Net Income from Fundraising Events | -$184,343 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,902,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,248 |
| Grants and other assistance to domestic individuals. | $71,950,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,930,859 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,101,642 |
| Compensation of current officers, directors, key employees. | $3,642,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,250,599 |
| Pension plan accruals and contributions | $8,556,723 |
| Other employee benefits | $18,292,112 |
| Payroll taxes | $7,483,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $438,700 |
| Fees for services: Accounting | $469,200 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,499,119 |
| Fees for services: Other | $18,531,248 |
| Advertising and promotion | $672,979 |
| Office expenses | $4,607,327 |
| Information technology | $5,611,021 |
| Royalties | $80,342 |
| Occupancy | $10,445,521 |
| Travel | $2,757,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $646,829 |
| Interest | $21,303,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,046,567 |
| Insurance | $2,105,820 |
| All other expenses | $8,380,900 |
| Total functional expenses | $387,228,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,426,645 |
| Savings and temporary cash investments | $391,243,443 |
| Pledges and grants receivable | $46,947,030 |
| Accounts receivable, net | $2,577,720 |
| Loans from Officers, Directors, or Controlling Persons | $640,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,812,703 |
| Inventories for sale or use | $176,616 |
| Prepaid expenses and deferred charges | $3,049,841 |
| Net Land, buildings, and equipment | $660,370,805 |
| Investments—publicly traded securities | $528,483,043 |
| Investments—other securities | $3,555,390,372 |
| Investments—program-related | $1,044,016 |
| Intangible assets | $0 |
| Other assets | $49,069,877 |
| Total assets | $5,256,232,111 |
| Accounts payable and accrued expenses | $20,374,633 |
| Grants payable | $0 |
| Deferred revenue | $1,634,406 |
| Tax-exempt bond liabilities | $134,520,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $507,024,298 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,412,754 |
| Total liabilities | $781,966,091 |
| Net assets without donor restrictions | $1,491,874,460 |
| Net assets with donor restrictions | $2,982,391,560 |
| 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 | $5,256,232,111 |
Grants Awarded
Over the last fiscal year, Trustees Of Amherst College has awarded $630,773 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN AMHERST FOUNDATION INC PURPOSE: GENERAL SUPPORT | $100,000 |
FRIENDS OF THE JONES LIBRARY SYSTEM INC PURPOSE: GENERAL SUPPORT | $100,000 |
AMHERST PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $75,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: SOLIDARITY BOOK PROJECT AWARD | $25,000 |
AMHERST GOLF CLUB INC PURPOSE: GENERAL SUPPORT | $50,000 |
AMHERST BUSINESS IMPROVEMENT DISTRICT INC PURPOSE: GENERAL SUPPORT | $21,000 |