Williams College
- Assets
- $5.6b
- Revenue
- $397.4m
- Investments
- $4.6b
- Employees
- 3,466
- Location
- Williamstown, MA
- Founding
- 06/1934
- Data as of
- 06/2021
- EIN
- 04-2104847
Organization Overview
Williams College is located in Williamstown, MA. The organization was established in 1934. 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, Williams College employed 3,466 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williams 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, Williams College generated $397.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $310.4m during the year ending 06/2021. While expenses have increased by 1.2% 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, Williams College has awarded 103 individual grants totaling $11,054,562. 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
WILLIAMS COLLEGE STRIVES TO ACHIEVE EDUCATIONAL EXCELLENCE BY FOSTERING A COMMUNITY OF LEARNING IN COLLABORATION WITH STUDENTS, FACULTY, STAFF, DEVOTED ALUMNI AND PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILLIAMS IS AN INDEPENDENT LIBERAL ARTS COLLEGE FOR APPROXIMATELY 2,000 FULL-TIME UNDERGRADUATE AND 50 GRADUATE STUDENTS WHO COME FROM ALL OF THE 50 STATES AND COUNTRIES FROM AROUND THE WORLD. THE WILLIAMS CURRICULUM OFFERS STUDY IN THE HUMANITIES, THE SOCIAL SCIENCES AND THE NATURAL SCIENCES AND COMBINES A BROAD EDUCATION WITH KNOWLEDGE OF ONE FIELD IN DEPTH. THE COLLEGE OFFERS THE BACHELOR OF ARTS DEGREE AT THE UNDERGRADUATE LEVEL. IN ADDITION, MASTER OF ARTS PROGRAMS IN POLICY ECONOMICS AND HISTORY OF ART ARE OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $594,552 |
Name Not Listed Trustee Through February 2022 | Trustee | 4 | $0 |
Name Not Listed Trustee | Trustee | 4 | $0 |
Name Not Listed Trustee/chair | Trustee | 6 | $0 |
Name Not Listed Trustee | Trustee | 4 | $0 |
Name Not Listed Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clinical Research Sequencing Platform Covid Testing | 6/29/22 | $1,521,981 |
Leers Weinzapfel Assoc Architects Inc Architect | 6/29/22 | $833,587 |
Payette Associates Inc Architect | 6/29/22 | $732,611 |
Clifton Park Rental Center Inc Equipment Rental | 6/29/22 | $619,620 |
Existing Conditions Surveys Inc Existing Condition Survey | 6/29/22 | $485,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,524,755 |
| Investment income | $281,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,458,492 |
| Net Gain/Loss on Asset Sales | $215,972,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,351,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $46,882,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $63,210 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,035,833 |
| Compensation to disqualified persons | $240,183 |
| Other salaries and wages | $110,632,707 |
| Pension plan accruals and contributions | $9,441,786 |
| Other employee benefits | $19,257,889 |
| Payroll taxes | $8,207,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $532,135 |
| Fees for services: Accounting | $301,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,628,127 |
| Advertising and promotion | $120,707 |
| Office expenses | $8,175,718 |
| Information technology | $3,569,646 |
| Royalties | $0 |
| Occupancy | $5,307,640 |
| Travel | $915,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,632 |
| Interest | $10,789,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,813,704 |
| Insurance | $1,753,398 |
| All other expenses | $0 |
| Total functional expenses | $310,371,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,351,966 |
| Savings and temporary cash investments | $107,157,011 |
| Pledges and grants receivable | $65,888,519 |
| Accounts receivable, net | $914,268 |
| Loans from Officers, Directors, or Controlling Persons | $170,749 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,321,829 |
| Inventories for sale or use | $264,865 |
| Prepaid expenses and deferred charges | $14,666,783 |
| Investments—publicly traded securities | $45,176,823 |
| Investments—other securities | $4,581,354,597 |
| Investments—program-related | $1,442,563 |
| Intangible assets | $0 |
| Other assets | $17,712,850 |
| Total assets | $5,589,417,372 |
| Accounts payable and accrued expenses | $81,639,497 |
| Grants payable | $0 |
| Deferred revenue | $2,259,558 |
| Tax-exempt bond liabilities | $462,948,125 |
| Escrow or custodial account liability | $62,937,647 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $534,989,219 |
| Total liabilities | $1,144,774,046 |
| 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 | $4,444,643,326 |
Grants Awarded
Over the last fiscal year, Williams College has awarded $388,291 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
MASS MUSEUM OF CONTEMP ART PURPOSE: Program Support | $78,500 |
BERKSHIRE UNITED WAY PURPOSE: Program Support | $6,282 |
NORTHERN BERKSHIRE UNITED WAY PURPOSE: Program Support | $11,737 |
WILLIAMSTOWN COMMUNITY CHEST PURPOSE: Program Support | $48,272 |
WILLIAMSTOWN YOUTH CENTER PURPOSE: Program Support | $15,000 |
IMAGES CINEMA PURPOSE: Program Support | $30,000 |