Washington College
- Assets
- $475.9m
- Revenue
- $131.6m
- Investments
- $122.8m
- Employees
- 1,095
- Location
- Chestertown, MD
- Founding
- 04/1947
- Data as of
- 06/2022
- EIN
- 52-0591691
Organization Overview
Washington College is located in Chestertown, MD. The organization was established in 1947. 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, Washington College employed 1,095 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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 06/2022, Washington College generated $131.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $92.9m during the year ending 06/2022. 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
WASHINGTON COLLEGE CHALLENGES AND INSPIRES EMERGING CITIZEN LEADERS TO DISCOVER LIVES OF PURPOSE AND PASSION.
Describe the Organization's Program Activity:
WASHINGTON COLLEGE'S ACHIEVEMENTS INCLUDE SUCCEEDING AS AN INSTITUTION OF HIGHER EDUCATION PROMOTING HABITS OF ANALYTIC THOUGHT, AESTHETIC INSIGHT, IMAGINATION, ETHICAL SENSITIVITY AND CLARITY OF EXPRESSION WHILE SUCCESSFULLY GRADUATING STUDENTS IN 4 YEARS. THE COLLEGE ENDEAVORS TO PREPARE ITS GRADUATES FOR FURTHER EDUCATION AND PRODUCTIVE CAREERS. WITH MANY MAJORS AND ACADEMIC PROGRAMS TO CHOOSE FROM, STUDENTS CAN DEVISE A COURSE OF STUDY THAT FITS THEIR INTELLECTUAL INTERESTS AND CAREER ASPIRATIONS. IN ADDITION TO TRADITIONAL FIELDS OF STUDY, THEY MAY CHOOSE AN AREA OF CONCENTRATION IN FIELDS SUCH AS BEHAVIORAL NEUROSCIENCE, CLINICAL PSYCHOLOGY OR EAST ASIAN STUDIES, AMONG OTHERS. THE COLLEGE ALSO OFFERSPROFESSIONAL PREPARATION TRACKS IN PREMEDICAL STUDIES AND PRE-LAW, AS WELL AS DUAL DEGREE PROGRAMS IN ENGINEERING, NURSING AND PHARMACY.
WASHINGTON COLLEGE'S RESIDENTIAL LIFE PROGRAM PROVIDES STUDENTS WITH OPPORTUNITIES AND EXPERIENCES THAT HELP THEM TO DEVELOP RESPONSIBILITIES BOTH TO THEMSELVES AND TO THEIR FELLOW STUDENTS. IT ATTEMPTS TO PROVIDE A RELAXING AND CALM ATMOSPHERE FOR STUDY AND DAY-TO-DAY LIVING. INDEED, LIVING ON-CAMPUS IS TRULY THE "OTHER-HALF" OF A COLLEGE EDUCATION. WITH APPROXIMATELY 27 DORMS TO CHOOSE FROM, STUDENTS HAVE CHOICES OF SINGLE, DOUBLES OR TRIPLES IN EACH ROOM/UNIT. HODSON HALL HOUSES THE DINING FACILITIES FOR WASHINGTON COLLEGE. THE MAIN DINING HALL SEATS 500 ON TWO LEVELS. STUDENTS, FACULTY AND STAFF FIND MADE-TO-ORDER MEALS ALONG WITH SELF-SERVE OPTIONS ALLOWING FOR A CUSTOMIZED DINING EXPERIENCE. STUDENTS CHOOSE FROM FIVE MEALS PLANS WITH ADDITIONAL OPTIONS FOR MEAL EQUIVALENCIES. CASUAL DINING IS LOCATED ON THE FIRST FLOOR OF THE COMMONS. OPERATING UNTIL LATE EVENING, OPTIONS INCLUDE MONDO SUBS, MARTHA'S KITCHEN, AND THE CAMPUS COFFEE BAR, JAVA GEORGE.
WASHINGTON COLLEGE USES ITS FACILITIES DURING SUMMER MONTHS TO FACILITATE EDUCATIONAL EXPERIENCES FOR YOUNGER K-12 STUDENTS. THESE STUDENTS ARE GIVEN AN OPPORTUNITY TO PARTICIPATE IN SUMMER CAMPS RANGING FROM SCIENCES, MATHEMATICS AND HANDS ON PROJECTS. THESE CAMPS LAST ANYWHERE FROM FOUR DAYS TO THREE WEEKS AND ARE MANAGED BY OTHER OUTSIDE NONPROFIT ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen T Golding Chair | OfficerTrustee | 1 | $0 |
William J Harvey Vice Chair | OfficerTrustee | 1 | $0 |
Richard D Wood Vice Chair | OfficerTrustee | 1 | $0 |
Valarie A Sheppard Secretary | OfficerTrustee | 1 | $0 |
Rick Wheeler Treasurer | OfficerTrustee | 1 | $0 |
Patrick William Allender Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Software Services | 6/29/22 | $1,647,634 |
Trillium Holdco Llc Energy Charges | 6/29/22 | $749,286 |
Magothy Technology Llc Software Services | 6/29/22 | $288,660 |
Gbuild Construction Mrgs Llc Construction Services | 6/29/22 | $251,865 |
Bsc Group Llc Accounting Services | 6/29/22 | $304,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,047,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,587,071 |
| Noncash contributions included in lines 1a–1f | $19,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,634,199 |
| Total Program Service Revenue | $61,304,647 |
| Investment income | $119,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,727,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,582,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,137 |
| Grants and other assistance to domestic individuals. | $29,455,526 |
| Grants and other assistance to Foreign Orgs/Individuals | $843,376 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,013,601 |
| Compensation of current officers, directors, key employees. | $118,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,610,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,013,307 |
| Payroll taxes | $1,639,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $383,422 |
| Fees for services: Accounting | $78,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $818,935 |
| Fees for services: Other | $5,940,634 |
| Advertising and promotion | $90,818 |
| Office expenses | $591,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,040,598 |
| Travel | $852,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,145,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,772,951 |
| Insurance | $699,006 |
| All other expenses | $4,203,752 |
| Total functional expenses | $92,915,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,030,486 |
| Pledges and grants receivable | $6,394,599 |
| Accounts receivable, net | $1,438,366 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,606 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,306,157 |
| Net Land, buildings, and equipment | $170,170,019 |
| Investments—publicly traded securities | $140,705,820 |
| Investments—other securities | $122,771,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $475,865,680 |
| Accounts payable and accrued expenses | $3,480,585 |
| Grants payable | $0 |
| Deferred revenue | $630,080 |
| Tax-exempt bond liabilities | $66,723,761 |
| 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 | $1,203,848 |
| Total liabilities | $72,038,274 |
| Net assets without donor restrictions | $117,441,716 |
| Net assets with donor restrictions | $286,385,690 |
| 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 | $475,865,680 |