Williams College
- Assets
- $5.6b
- Revenue
- $397.4m
- Investments
- $4.6b
- Employees
- 3,443
- 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 06/2021, Williams College employed 3,443 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 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $310.4m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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 86 individual grants totaling $10,915,580. 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
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:
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 Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Payette Associates Inc Architect | 6/29/21 | $703,846 |
Strata Fund Solutions Llc Investment Services | 6/29/21 | $430,594 |
Leers Weinzapfel Assoc Architects Inc Architect | 6/29/21 | $416,108 |
Fuss & O'neill Inc Engineering Consulting | 6/29/21 | $344,300 |
Order Design Llc Consulting | 6/29/21 | $287,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,298,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,226,004 |
| Noncash contributions included in lines 1a–1f | $8,797,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,524,755 |
| Total Program Service Revenue | $121,030,996 |
| 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 organizations and domestic governments. | $327,873 |
| 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 of current officers, directors, key employees. | $1,657,972 |
| 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 |
| Net Land, buildings, and equipment | $716,994,549 |
| 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 | $663,444,119 |
| Net assets with donor restrictions | $3,781,199,207 |
| 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 | $5,589,417,372 |
Grants Awarded
Over the last fiscal year, Williams College has awarded $327,873 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAMSTOWN FIRE DISTRICT PURPOSE: PROGRAM SUPPORT | $57,722 |
North Adams, MA PURPOSE: PROGRAM SUPPORT | $50,000 |
Williamstown, MA PURPOSE: PROGRAM SUPPORT | $47,469 |
Pittsfield, MA PURPOSE: PROGRAM SUPPORT | $30,000 |
Williamstown, MA PURPOSE: PROGRAM SUPPORT | $30,000 |
BERKSHIRE COUNTY BRANCH NAACP PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Williams College has recieved totaling $125,394.
| Awarding Organization | Amount |
|---|---|
20th Century Trends Institute Inc Stamford, CT PURPOSE: LOUISE J OBER1964 MEMORIALINTERNSHIP FUND | $50,544 |
Harris Family Foundation Bozeman, MT PURPOSE: CONTRIBUTION TO GENERAL FUND | $25,000 |
Crowley Foundation Ponte Vedra Beach, FL PURPOSE: GENERAL FUND | $20,000 |
Rlb Private Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: EDUCATIONAL | $3,000 |
Pauline Smith Mem Tr 200225-04-1 Dallas, TX PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $2,713,287,856 |
| Earnings | $1,295,832,385 |
| Admin Expense | $6,697,497 |
| Net Contributions | $25,098,149 |
| Other Expense | $111,363,410 |
| Grants | $22,296,237 |
| Ending Balance | $3,893,861,246 |
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 |