Trustees Of Mount Holyoke College
- Assets
- $1.4b
- Revenue
- $296.4m
- Investments
- $1.0b
- Employees
- 2,629
- Location
- South Hadley, MA
- Founding
- 07/1942
- Data as of
- 06/2021
- EIN
- 04-2103578
Organization Overview
Trustees Of Mount Holyoke College, operating under the name Mount Holyoke College, is located in South Hadley, MA. The organization was established in 1942. 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, Mount Holyoke College employed 2,629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Holyoke 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, Mount Holyoke College generated $296.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $180.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mount Holyoke College has awarded 45 individual grants totaling $1,867,319. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MOUNT HOLYOKE COLLEGE IS TO PROVIDE AN INTELLECTUALLY ADVENTUROUS EDUCATION IN THE LIBERAL ARTS AND SCIENCES THROUGH ACADEMIC PROGRAMS RECOGNIZED INTERNATIONALLY FOR THEIR EXCELLENCE AND RANGE; TO DRAW STUDENTS FROM ALL BACKGROUNDS INTO AN EXCEPTIONALLY DIVERSE AND INCLUSIVE LEARNING COMMUNITY WITH HIGHLY ACCOMPLISHED, COMMITTED, AND RESPONSIVE FACULTY AND STAFF; TO CONTINUE BUILDING ON THE COLLEGE'S HISTORIC LEGACY OF LEADERSHIP IN THE EDUCATION OF WOMEN; AND TO PREPARE STUDENTS, THROUGH A LIBERAL EDUCATION INTEGRATING CURRICULUM AND CAREERS, FOR LIVES OF THOUGHTFUL, EFFECTIVE, AND PURPOSEFUL ENGAGEMENT IN THE WORLD.
Describe the Organization's Program Activity:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonya Stephens President | OfficerTrustee | 72 | $594,569 |
Ana Yankova Chief Investment Officer | Officer | 50 | $394,950 |
Kassandra Jolley VP For College Relations | Officer | 60 | $328,469 |
Shannon Gurek VP For Finance & Admin & Treasurer | Officer | 60 | $300,747 |
Jon Western VP For Acad Aff & Dean Faculty | Officer | 60 | $267,551 |
Dorothy E Knight-Mosby Intrm Vp-Acad Aff & Dean Faculty | Officer | 60 | $202,152 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clinical Research Sequencing Platform Covid Testing | 6/29/21 | $1,575,000 |
Cambridge Associates Llc Investment Cnsltng | 6/29/21 | $1,270,000 |
Adage Capital Partners Investment Mgmt | 6/29/21 | $1,062,198 |
Hill Engineers Architectsplanners Architectural Design | 6/29/21 | $610,654 |
Cedar Rock Capital Partners Investment Mgmt | 6/29/21 | $396,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,702,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,522,286 |
| Noncash contributions included in lines 1a–1f | $7,675,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,224,304 |
| Total Program Service Revenue | $108,279,022 |
| Investment income | $6,512,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $133 |
| Net Rental Income | $141,468 |
| Net Gain/Loss on Asset Sales | $124,317,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,398,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,798 |
| Grants and other assistance to domestic individuals. | $41,570,113 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,768,831 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,932,329 |
| Compensation of current officers, directors, key employees. | $1,473,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,789,249 |
| Pension plan accruals and contributions | $3,703,800 |
| Other employee benefits | $11,770,376 |
| Payroll taxes | $4,478,636 |
| Fees for services: Management | $640,389 |
| Fees for services: Legal | $320,308 |
| Fees for services: Accounting | $265,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,424,333 |
| Fees for services: Other | $4,885,754 |
| Advertising and promotion | $51,900 |
| Office expenses | $3,675,933 |
| Information technology | $1,317,308 |
| Royalties | $18,205 |
| Occupancy | $3,211,542 |
| Travel | $69,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,044 |
| Interest | $4,665,077 |
| Payments to affiliates | $3,412 |
| Depreciation, depletion, and amortization | $10,658,661 |
| Insurance | $2,628,373 |
| All other expenses | $0 |
| Total functional expenses | $180,270,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,999,189 |
| Pledges and grants receivable | $29,450,259 |
| Accounts receivable, net | $2,243,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $238,824 |
| Inventories for sale or use | $636,572 |
| Prepaid expenses and deferred charges | $2,437,892 |
| Net Land, buildings, and equipment | $211,607,586 |
| Investments—publicly traded securities | $90,075,422 |
| Investments—other securities | $1,000,278,932 |
| Investments—program-related | $10,076,214 |
| Intangible assets | $0 |
| Other assets | $4,633,295 |
| Total assets | $1,407,677,265 |
| Accounts payable and accrued expenses | $13,837,390 |
| Grants payable | $0 |
| Deferred revenue | $2,762,713 |
| Tax-exempt bond liabilities | $58,182,721 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $36,310,206 |
| Unsecured mortgages and notes payable | $66,843,905 |
| Other liabilities | $43,260,077 |
| Total liabilities | $221,197,012 |
| Net assets without donor restrictions | $231,925,917 |
| Net assets with donor restrictions | $954,554,336 |
| 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 | $1,407,677,265 |
Grants Awarded
Over the last fiscal year, Trustees Of Mount Holyoke College has awarded $131,124 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Amherst, MA PURPOSE: SUPPT FOR FIVE COLL CTR FOR STUDY-WLDLAN | $79,581 |
TOWN OF SOUTH HADLEY PURPOSE: SUPPORT FOR FIRE DEPT CAPITAL EQUIP FUND | $40,000 |
Springfield, MA PURPOSE: GEN SUPPORT FOR LOCAL PUBLIC RADIO STATN | $11,543 |
Grants Recieved
Over the last fiscal year, we have identified 46 grants that Trustees Of Mount Holyoke College has recieved totaling $2,033,911.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: MCCULLOCH CENTER FOR GLOBAL INITIATIVES | $600,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $375,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $182,896 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $100,500 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $82,786 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $82,786 |
Endowment Analysis
| Beg. Balance | $789,036,745 |
| Earnings | $298,800,850 |
| Admin Expense | $9,652,202 |
| Net Contributions | $26,392,885 |
| Other Expense | $22,976,363 |
| Grants | $13,552,026 |
| Ending Balance | $1,068,049,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Providence College Providence, RI | $748,292,244 | $299,300,711 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |