William James College Inc
- Assets
- $45.6m
- Revenue
- $39.6m
- Investments
- $0.0
- Employees
- 615
- Location
- Newton, MA
- Founding
- 08/1978
- Data as of
- 05/2022
- EIN
- 04-2620216
Organization Overview
William James College Inc is located in Newton, MA. The organization was established in 1978. As of 05/2022, William James College Inc employed 615 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William James College Inc 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 05/2022, William James College Inc generated $39.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $38.4m during the year ending 05/2022. While expenses have increased by 6.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WILLIAM JAMES COLLEGE STRIVES TO BE A PREEMINENT SCHOOL OF PSYCHOLOGY THAT INTEGRATES RIGOROUS ACADEMIC INSTRUCTION WITH EXTENSIVE FIELD EDUCATION AND CLOSE ATTENTION TO PROFESSIONAL DEVELOPMENT. WE ASSUME AN ONGOING SOCIAL RESPONSIBILITY TO CREATE PROGRAMS TO EDUCATE SPECIALISTS OF MANY DISCIPLINES TO MEET THE EVOLVING MENTAL HEALTH NEEDS OF SOCIETY.
Describe the Organization's Program Activity:
ADVANCED DEGREE EDUCATIONAL INSTITUTION FOR PSYCHOLOGY (APPROXIMATELY 575 FULL-TIME AND 275 PART-TIME STUDENTS).ACADEMIC PROGRAMS: WILLIAM JAMES COLLEGE OFFERS INNOVATIVE ACADEMIC PROGRAMS THAT TRAIN PRACTITIONERS WHO ARE SENSITIVE TO UNDERSERVED POPULATIONS AND IS COMMITTED TO MAINTAINING AN ENVIRONMENT WHICH ACKNOWLEDGES AND RESPECTS CULTURAL AND INDIVIDUAL DIFFERENCES. AN INTEGRATIVE CURRICULUM OF CONCURRENT FIELD TRAINING AND ACADEMIC EXPERIENCE IMPARTS KNOWLEDGE AND SKILLS RELEVANT TO HUMAN DIVERSITY.DEGREE PROGRAMS:- DOCTOR OF PSYCHOLOGY- DOCTOR OF PSYCHOLOGY IN SCHOOL PSYCHOLOGY- DOCTOR OF PSYCHOLOGY IN LEADERSHIP PSYCHOLOGY- MASTER OF ARTS IN CLINICAL MENTAL HEALTH COUNSELING- MASTER OF ARTS IN ORGANIZATIONAL PSYCHOLOGY- MASTER OF ARTS IN ORGANIZATIONAL LEADERSHIP- MASTER OF ARTS IN PROFESSIONAL PSYCHOLOGY- MASTER OF ARTS IN APPLIED BEHAVIOR ANALYSIS- MASTER OF ARTS IN PSYCHOLOGY- BACHELOR OF SCIENCE IN PSYCHOLOGY AND HUMAN SERVICES- CERTIFICATE OF ADVANCED GRADUATE STUDIES IN SCHOOL PSYCHOLOGY- GRADUATE CERTIFICATE IN EXECUTIVE COACHING- CONTINUING EDUCATION, PREPATORY AND NON-MATRICULATING COURSES- CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS AND GRADUATE CERTIFICATE IN SCHOOL LEADERSHIP THE COORDINATION OF THE ACADEMIC CLASSROOM EXPERIENCE AND FIELD PLACEMENT IS THE FOUNDATION FOR THE COHESIVE AND COMPREHENSIVE EDUCATIONAL PROGRAM AT WILLIAM JAMES COLLEGE. THE ACADEMIC EMPHASIS ON PROFESSIONAL PRACTICE, OPPORTUNITY TO APPLY CLASSROOM LEARNING IN THE FIELD, AND SEMINARS DESIGNED TO INTEGRATE CLASSROOM AND FIELD PLACEMENT EXPERIENCE ALL CONTRIBUTE TO THIS PURPOSE. FIELD PLACEMENT SITES, SELECTED AND DEVELOPED BY THE FIELD PLACEMENT STAFF, ARE COMPATIBLE WITH THE EDUCATIONAL OBJECTIVES OF THE COLLEGE. EACH STUDENT'S FIELD PLACEMENT COMBINES THEORY AND PRACTICE, AND MAXIMIZES THE STUDENT'S PROFESSIONAL DEVELOPMENT.SOME OF THE MOST EXCITING AND ENRICHING LEARNING OPPORTUNITIES TAKE PLACE IN WILLIAM JAMES COLLEGE'S FIELD PLACEMENT PROGRAM. WITH OVER 350 SITES TO CHOOSE FROM ACROSS THE WILLIAM JAMES COLLEGE TRAINING PROGRAMS, STUDENTS RECEIVE TRAINING IN A BROAD ARRAY OF CONTEXTS IN WHICH PROFESSIONAL PSYCHOLOGISTS PRACTICE. OUR INTEGRATED MODEL INCLUDES AN INTERNSHIP EXPERIENCE IN THE IMMEDIATE OR SURROUNDING AREA THAT IS CONSISTENT WITH THE STUDENT'S TRAINING GOALS AND OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Covino President | Officer | 50 | $1,193,140 |
Stacey Lambert Vice President Of Academic Affairs | 50 | $268,807 | |
Daniel Brent Treasurer And Clerk | Officer | 50 | $264,339 |
Gemima St Louis Ass. VP For Workforce Initiatives | 50 | $214,864 | |
Nilda Laboy Ass. VP For Academic Affairs | 50 | $191,831 | |
Yousef Alajarma Core Faculty | 50 | $181,237 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Validated Insights Marketing | 5/30/22 | $1,205,406 |
Anthology Software | 5/30/22 | $133,237 |
Forensic Insight Group Consulting | 5/30/22 | $108,854 |
The Education Alliance Consulting | 5/30/22 | $107,250 |
Goulston & Storrs Legal | 5/30/22 | $105,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,906,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,114,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,021,150 |
| Total Program Service Revenue | $33,222,224 |
| Investment income | $224,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,271 |
| Net Gain/Loss on Asset Sales | $181,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,612,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,347,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $934,200 |
| Compensation of current officers, directors, key employees. | $934,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,702,742 |
| Pension plan accruals and contributions | $528,000 |
| Other employee benefits | $2,065,188 |
| Payroll taxes | $1,480,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,360 |
| Fees for services: Accounting | $76,046 |
| Fees for services: Lobbying | $63,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,472 |
| Fees for services: Other | $1,792,825 |
| Advertising and promotion | $1,165,528 |
| Office expenses | $646,332 |
| Information technology | $1,080,199 |
| Royalties | $0 |
| Occupancy | $764,370 |
| Travel | $80,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,134 |
| Interest | $368,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,245,522 |
| Insurance | $281,982 |
| All other expenses | $436,747 |
| Total functional expenses | $38,420,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,546 |
| Savings and temporary cash investments | $6,451,077 |
| Pledges and grants receivable | $22,982 |
| Accounts receivable, net | $2,643,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $313,960 |
| Net Land, buildings, and equipment | $21,708,886 |
| Investments—publicly traded securities | $14,053,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,558,620 |
| Accounts payable and accrued expenses | $3,460,664 |
| Grants payable | $0 |
| Deferred revenue | $3,892,479 |
| Tax-exempt bond liabilities | $14,643,150 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $21,996,293 |
| Net assets without donor restrictions | $21,871,441 |
| Net assets with donor restrictions | $1,690,886 |
| 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 | $45,558,620 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that William James College Inc has recieved totaling $61,866.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $33,333 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: MEDICAL/CLINICAL SCHOLARSHIP | $4,000 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: MEDICAL/CLINICAL SCHOLARSHIP | $4,000 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: MEDICAL/CLINICAL SCHOLARSHIP | $4,000 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: MEDICAL/CLINICAL SCHOLARSHIP | $4,000 |
Metrowest Health Foundation Inc Framingham, MA PURPOSE: MEDICAL/CLINICAL SCHOLARSHIP | $4,000 |
Endowment Analysis
| Beg. Balance | $1,165,267 |
| Earnings | -$127,573 |
| Net Contributions | $2,500 |
| Grants | $49,897 |
| Ending Balance | $990,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain College Inc Burlington, VT | $240,784,775 | $119,718,125 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Salve Regina University Newport, RI | $216,016,613 | $125,875,129 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Curry College Milton, MA | $220,105,546 | $116,112,495 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |