Hampshire College Trustees
- Assets
- $115.8m
- Revenue
- $53.8m
- Investments
- $33.4m
- Employees
- 889
- Location
- Amherst, MA
- Founding
- 12/1965
- Data as of
- 06/2020
- EIN
- 04-6130872
Organization Overview
Hampshire College Trustees is located in Amherst, MA. The organization was established in 1965. 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, Hampshire College Trustees employed 889 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampshire College Trustees 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 06/2020, Hampshire College Trustees generated $53.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $61.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE STUDENTS TO CONTRIBUTE TO KNOWLEDGE, JUSTICE AND POSITIVE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND OTHER EDUCATIONAL ACTIVITIES:HAMPSHIRE COLLEGE PROVIDES INSTRUCTION FOR 505 FTE UNDERGRADUATE STUDENTS AND EMPLOYS 42 FTE FACULTY. EDUCATIONAL DELIVERY ALSO INCLUDES STUDENT FINANCIAL AID PROGRAMS. FINANCIAL AID INCLUDES GRANTS, SCHOLARSHIPS, AND GOVERNMENT AID AWARDS TO ASSIST STUDENTS IN THE FINANCIAL COST OF ATTENDING HAMPSHIRE COLLEGE. 89% OF OUR FACULTY HAVE PH.D OR OTHER TERMINAL DEGREES IN THEIR FIELDS. ACCREDITATION: HAMPSHIRE COLLEGE IS FULLY ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. MEMBERSHIP IN THE ASSOCIATION INDICATES THAT THE INSTITUTION HAS BEEN CAREFULLY EVALUATED AND FOUND TO MEET STANDARDS AGREED UPON QUALIFIED EVALUATORS.
STUDENT SERVICES PROGRAMS: INCLUDES THE COST OF HEALTH SERVICES, RECREATIONAL ATHLETICS, DEAN OF STUDENT'S OFFICE EXPENSES AND OTHER SUPPORT SERVICES FOR 505 STUDENTS. HAMPSHIRE IS ONE OF 44 COLLEGES PROFILED IN COLLEGES THAT CHANGE LIVES (CTCL) FOR "DEVELOPING POTENTIAL, VALUES, INITIATIVE, AND RISK-TAKING" IN STUDENTS. CTCL SAYS OF HAMPSHIRE, "NO COLLEGE HAS STUDENTS WHOSE INTELLECTUAL THYROIDS ARE MORE ACTIVE OR WHOSE MINDS ARE MORE COMPASSIONATELY ENGAGED." BEING PART OF HAMPSHIRE IS A WHOLE NEW WAY OF LIFE, CENTERED ON COMMUNITY. STUDENTS ARE INTEGRAL TO EVERY PART OF THE COLLEGE, SERVING ON THE BOARD OF TRUSTEES, HIRING COMMITTEES, FUNDCOM (HAMPSHIRE'S STUDENT ACTIVITIES FUND COMMITTEE), AND MORE. 85% OF STUDENTS LIVE ON CAMPUS. 100% OF STUDENTS IN SINGLES ON CAMPUS. OVER 100 CLUBS, SPORTS, AND ORGANIZATIONS, INCLUDING ASL COLLECTIVE, BLACKSMITH'S GUILD, CIRCUS FOLK UNITE!, GLOWLIME GAMES, AND WOOL PEOPLE (A FIBER CRAFTS GROUP).
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dybick Treasurer/cfo | Officer | 35 | $240,505 |
Jennifer Chandler Until 620 Secretary Of The College | Officer | 35 | $228,845 |
Jennifer Chrisler Chief Advancement Officer | Officer | 35 | $216,350 |
Edward Wingenbach President | OfficerTrustee | 35 | $214,100 |
John Courtemanche Until 620 Exec. Dir. Strategic Comm/media Relations | 35 | $207,879 | |
Eva Rueschmann Until 620 VP For Aa/dean Of Faculty | Officer | 35 | $190,176 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Five Colleges Inc Administrative Services | 6/29/21 | $916,419 |
University Health Services Health Services | 6/29/21 | $495,855 |
Ologie Llc Strategic Marketing | 6/29/21 | $486,324 |
The Registry Employment Services | 6/29/21 | $298,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,613,240 |
| Investment income | $763,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,266,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,767,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $19,715,176 |
| Grants and other assistance to Foreign Orgs/Individuals | $782,494 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,275,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,192,779 |
| Pension plan accruals and contributions | $938,635 |
| Other employee benefits | $2,198,408 |
| Payroll taxes | $1,155,226 |
| Fees for services: Management | $333,091 |
| Fees for services: Legal | $26,905 |
| Fees for services: Accounting | $92,663 |
| Fees for services: Lobbying | $111 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $436,823 |
| Fees for services: Other | $1,482,232 |
| Advertising and promotion | $175,048 |
| Office expenses | $907,070 |
| Information technology | $566,300 |
| Royalties | $0 |
| Occupancy | $2,269,070 |
| Travel | $265,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,549 |
| Interest | $723,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,806,301 |
| Insurance | $1,234,897 |
| All other expenses | $0 |
| Total functional expenses | $61,318,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,813,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,752,768 |
| Accounts receivable, net | $254,030 |
| 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 | $73,853 |
| Investments—publicly traded securities | $19,128,857 |
| Investments—other securities | $33,419,329 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,316,099 |
| Total assets | $115,794,333 |
| Accounts payable and accrued expenses | $10,024,885 |
| Grants payable | $0 |
| Deferred revenue | $1,707,593 |
| Tax-exempt bond liabilities | $28,815,457 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $339,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,221,237 |
| Total liabilities | $44,108,831 |
| 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 | $71,685,502 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hampshire College Trustees has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Tern Foundation Inc Eastham, MA PURPOSE: IN SUPPORT OF CHANGE IN THE MAKING CAMPAIGN | $5,000 |
Alvan G And Carol J Lampke Family Foundation Eastham, MA PURPOSE: IN SUPPORT OF CHANGE IN MAKING CAMPAIGN | $5,000 |
Endowment Analysis
| Beg. Balance | $52,725,931 |
| Earnings | $12,402,519 |
| Net Contributions | $136,385 |
| Other Expense | $11,169,620 |
| Grants | $182,975 |
| Ending Balance | $53,912,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain College Inc Burlington, VT | $240,784,775 | $119,718,125 |
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Curry College Milton, MA | $220,105,546 | $116,112,495 |
Cooper Union For The Advancement Of Science And Art New York, NY | $1,192,737,106 | $135,635,048 |
Regis College Weston, MA | $109,512,086 | $107,679,867 |
St Francis College Brooklyn, NY | $411,618,421 | $89,705,791 |
Utica University Utica, NY | $156,931,603 | $105,142,781 |
College Of Mount Saint Vincent Riverdale, NY | $139,449,317 | $110,010,056 |
Manhattanville College Purchase, NY | $105,528,873 | $90,666,523 |
Gordon College Wenham, MA | $215,426,952 | $107,400,748 |
Franklin Pierce University Rindge, NH | $94,215,029 | $91,004,046 |
Lasell University Newton, MA | $146,552,524 | $85,290,352 |