2026-05-15T10:15:01-05:00 2025-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2024-07-01 020222120 Colby-Sawyer College COLB 6035263000 541 Main Street New London NH 03257 Karen Bonewald VP Finance/Administration 6035263000 2026-05-15 1 1 Joseph R Byrne P01289281 2077752387 2026-05-15 2024 2025-03-06 01:10:19Z Dean G McCurdy 541 Main Street New London NH 03257 75566545 0 X www.colby-sawyer.edu X 1837 NH Institute of Higher Learning 19 19 759 60 630498 0 13758077 12420636 30159418 32175486 4072581 3570739 -13212 -5213 47976864 48161648 7318215 8613544 0 0 20307222 18928542 46757 12110 1064775 16647566 19044076 44319760 46598272 3657104 1563376 144211285 152944168 32152043 35925658 112059242 117018510 X Colby-Sawyer College is a private, independent, residential, college with a mission to offer undergraduate and graduate educational programs based in the liberal arts and health, social, and natural sciences, with a focus on vocational exploration and experiential learning, which prepare students to thrive in, and make a positive impact upon a dynamic, diverse, and interdependent world. Engaged robust partnerships will support students' academic, intellectual, personal and professional growth, align with workforce development needs, and enhance individual and community well-being and resilience. Colby-Sawyer College was founded as an academy in 1837 and has been integrated in higher education since 1928. 0 0 29193319 8613544 18992359 The institution offered a comprehensive, private, liberal arts education, with degrees granted at the associates, bachelors, masters and doctorate level. Traditional undergraduate students in the bachelor degree programs completed a liberal arts core and chose from nineteen majors and twenty-six minors, many of which focused on pre-professional preparation. All traditional undergraduates were required to complete at least one internship and a senior capstone project. The Class of 2022 reported a 100 percent success rate (employed or in graduate school) six months after graduation. Many of the graduate and professional programs focused on health science related fields that supported regional workforce needs. Graduate and professional programs were offered in person as well as online. Students enrolled in the traditional and graduate nursing programs completed clinical experiences at a hospital classified as a Level 1 trauma center. The institution supported all degree programs with academic support services (library, tutoring, career development) and financial assistance through gifts, grants, endowment income and college resources, which assisted students in financing the cost of their attendance. 5307478 13183127 Auxiliary services provided food service and facilities to students as part of a residential institution; student services provided additional support for athletics, health and counseling, student activities, and student government. 34500797 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 169 0 1 759 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NH X Karen Bonewald 6035263000 541 Main Street New London NH 03257 X Lisa M Hogarty Chair 2.00 0.00 X X 0 0 0 Barbara-Jan Wilson Vice Chair 2.00 0.00 X X 0 0 0 Jourdain K P Bell Trustee 2.00 0.00 X 0 0 0 Collin D Bray Trustee 2.00 0.00 X 0 0 0 Wendy G Carey Trustee 2.00 0.00 X 0 0 0 Aimee M Claiborne Trustee 2.00 0.00 X 0 0 0 Deborah L Coffin Trustee 2.00 0.00 X 0 0 0 Thomas C Csatari Trustee 2.00 0.00 X 0 0 0 Ann Carroll Harris Trustee 2.00 0.00 X 0 0 0 Amy Hedison Trustee 2.00 0.00 X 0 0 0 Susan MacMichael John Trustee 2.00 0.00 X 0 0 0 Bruce P King Trustee 2.00 0.00 X 0 0 0 Beth Constantinides Meurlin Trustee 2.00 0.00 X 0 0 0 William H Mitchell Trustee 2.00 0.00 X 0 0 0 Margaret V Mulley Trustee 2.00 0.00 X 0 0 0 JoAnn Franke Overfield Trustee 2.00 0.00 X 0 0 0 Susan D Pomerantz Trustee 2.00 0.00 X 0 0 0 Sally Shaw Veitch Trustee 2.00 0.00 X 0 0 0 Stephen Wright Trustee 2.00 0.00 X 0 0 0 Dean G McCurdy President 40.00 0.00 X 0 0 0 Karen Bonewald VP of Finance & Administration 40.00 0.00 X 193208 0 4839 Laura Sykes Past Interim President 40.00 0.00 X 192604 0 19432 Eden Wales VP Academic 40.00 0.00 X 198074 0 23140 Daniel Parish VP Advancement 40.00 0.00 X 165400 0 3665 Valerie Leclair VP Enrollment Management 40.00 0.00 X 165283 0 37782 Robin Davis VP Student Development 40.00 0.00 X 137057 0 37156 Joan Loftus Associate Dean 40.00 0.00 X 154448 0 38666 Susan Stuebner Former President 0.00 0.00 X 183386 0 19064 1389460 0 183744 17 1 1 0 HP Cummings Construction Co PO Box 269 5 High Street Woodsville NH 03785 Construction 9899760 Eat'N Park Hospitality Group PO Box 644091 Pittsburgh PA 152644091 Food & Maintenance 3402511 JenSpark Inc PO Box 845764 Boston MA 022845764 Consulting 357790 Capture LLC 2303 River Road Suite 201 Louisville KY 40206 Consulting 353087 Ernst & Young US LLP PO Box 640382 Pittsburgh PA 152640382 Consulting 259963 15 31277 460499 11928860 565081 12420636 Tuition and Fees 611710 17405926 17405926 Auxiliary Enterprises 713940 13183127 12552629 630498 Other Student Revenue 611710 1586433 1586433 32175486 2272349 2272349 28677614 27379224 1298390 1298390 1298390 20460 31277 25673 -5213 -5213 48161648 31544988 630498 3565526 8613544 8613544 410083 410083 14307575 11198345 2426377 682853 3209908 2473153 721534 15221 1000976 765439 230826 4711 56274 56274 86525 86525 12110 12110 73285 73285 4478007 3600269 749244 128494 5783 3868 1915 46640 46640 1952241 2275 1949966 105257 88335 3388 13534 1178422 966537 211885 2210227 1955095 255132 693442 693442 Miscellaneous 5276043 2342525 2897225 36293 Program Fees & Supplies 1284479 893961 265599 124919 Food 948819 948819 Athletics & Student Act 648632 648632 46598272 34500797 11032700 1064775 X 3228 3763 326730 291273 407189 5924329 1078263 350859 118231 14755 74393 91119 553334 679773 120094263 53573403 66171265 66520860 72603153 76179239 2551063 2725529 324436 162669 144211285 152944168 4816980 3163772 2662834 2072275 19847728 23727290 3602326 3329364 0 2640036 1222175 992921 32152043 35925658 X 43112696 40060289 68946546 76958221 112059242 117018510 144211285 152944168 X 1563376 3628316 -232424 X 0 1 X 1 1 1 X 24420588 18724886 18779976 13758077 12420636 88104163 24420588 18724886 18779976 13758077 12420636 88104163 29535628 58568535 1186675 1421448 1460270 3075975 2272349 9416717 97520880 205030096 0.60060 0.61770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42050 X 0 71949999 1226159 6930749 4420338 75686569 65763908 1558093 8287786 3659788 71949999 55606879 6659730 6752132 3254833 65763908 62446048 3369146 -7687378 2520937 55606879 39820353 13044829 12025764 2444898 62446048 0.12096 0.72251 0.15653 0 0 2144425 2144425 90462761 53573403 36889358 20543958 20543958 6943119 6943119 66520860 U.S. Government Loan Advances 151704 Post-Retirement Benefits Liability 479448 Annuity Obligations 199100 Lease Obligations - Operating 162669 992921 42896384 3628316 25673 3653989 39242395 73285 8845968 8919253 48161648 37937116 25673 25673 37911443 73285 8613544 8686829 46598272 Part V, Line 4: The College's endowment consists of approximately 250 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 25,673. Part XI, Line 4b - Other Adjustments: Scholarships 8,613,544. Adjustment of Present Value Liability 220,994. Change in Value of Life Income Funds 11,430. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 25,673. Part XII, Line 4b - Other Adjustments: Scholarships 8,613,544. Schedule D, Part VI: Accumulated depreciation is consolidated into one account. Therefore, the Organizations maintains no categorical breakdown of accumulated depreciation. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The nondiscrimination policy is published in student handbook, employee handbook, faculty handbook, the college's website, and all recruiting documents. Schedule E, Part I, Line 6 Colby-Sawyer College receives loans and other government grant money. Golf Tournament 51737 31277 20460 1824 19920 2002 1927 51737 31277 20460 1824 19920 2002 1927 25673 -5213 1 Federal SEOG Grant 198 99899 FMV Student Tuition Discounts Consortium Grants 7 121582 FMV Student Tuition Discounts CSC Grant 240 410716 FMV Student Tuition Discounts CSC Grad Grants 15 17500 FMV Student Tuition Discounts CSC Housing Grant 24 147400 FMV Student Tuition Discounts CSC Scholarships 453 2882868 FMV Student Tuition Discounts Endowed Scholarships 369 2589179 FMV Student Tuition Discounts Restricted Scholarships 180 1001218 FMV Student Tuition Discounts Pell Grant 237 1343182 FMV Student Tuition Discounts Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Eden Wales VP Academic 198074 0 0 0 0 0 3961 0 19179 0 221214 0 0 0 Laura Sykes Past Interim President 192604 0 0 0 0 0 3852 0 15580 0 212036 0 0 0 Valerie Leclair VP Enrollment Management 165283 0 0 0 0 0 3306 0 34476 0 203065 0 0 0 Susan Stuebner Former President 183386 0 0 0 0 0 3668 0 15396 0 202450 0 0 0 Karen Bonewald VP of Finance & Administration 193208 0 0 0 0 0 3864 0 975 0 198047 0 0 0 Joan Loftus Associate Dean 154448 0 0 0 0 0 3089 0 35577 0 193114 0 0 0 Robin Davis VP Student Development 137057 0 0 0 0 0 2741 0 34415 0 174213 0 0 0 Daniel Parish VP Advancement 165400 0 0 0 0 0 3308 0 357 0 169065 0 0 0 Part I, Line 1a The College provided a housing allowance to Susan Stuebner, Former President, and Laura Sykes, Past Interim President, as it is required the president live on campus as a part of their employment. During 2024, a $15,000 housing allowance was reported as a nontaxable benefit to both the former and current presidents. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees. A New Hampshire Health and Education Facilities Authority 020279866 2025-03-13 25695979 Refinancing of Previous Bonds & Capital Improvements 0 0 0 A 1736410 25695979 228875 5874527 19592577 2025 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 X 4 1003 FMV X 520 FMV X 14 520818 Stock Exchange X 5 11883 FMV X Misc. Equipment 15 30857 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11b The audit committee reviewed a copy of the full Form 990, however only a redacted version without Schedule B was provided to the full Board prior to filing. Form 990, Part VI, Section B, line 12c All trustees submit a conflict of interest questionnaire annually. The questionnaires are reviewed by the secretary of the College and the College treasurer. Any conflicts would be referred to the audit committee, a permanent standing committee of the board of trustees, for review and any necessary action would be taken. Form 990, Part VI, Section B, line 15 The Compensation Subcommittee is under the Board Organization and Trusteeship Committee of the Board and is a permanent standing committee of the Board. The Chair of the Board also chairs the Compensation Subcommittee. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available upon request and through the employee handbook. Form 990, Part VII, Section A: Dean G. McCurdy, President, began employment with the Organization in 2025 and therefore did not receive any reportable compensation during the 2024 calendar year. He is required to be disclosed on Form 990 due to his officer role and any compensation paid to him will be reported beginning with the 2025 Form 990. Form 990, Part X, Line 10: Land, Buildings, and Equipment: Section 1.263(a)-3(n) Election: Colby-Sawyer College 541 Main Street, New London, NH 03257 EIN 02-0222120 Colby-Sawyer College is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Adjustment of Present Value Liability -220,994. Change in Value of Life Income Funds -11,430. Charitable Reminder Unitrusts (3) Charitable Reminder Unitrusts MA Colby-Saywer College 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0