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PRESIDENT & TRUSTEES OF COLBY COLLEGE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PRESIDENT & TRUSTEES OF COLBY COLLEGE (EIN 01-0211497)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-11
IRS object ID
202631319349303008
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-11T11:06:23+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line160 South StreetAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02111ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010211497EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The President and Trustees of Colby CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRESBusinessNameControlTxt
Phone2078594774PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14120 Mayflower HillAddressLine1Txt
CityWatervilleCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNicole Labbe-TrufantPersonNm
Person TitleVP & CFOPersonTitleTxt
Phone2088594774PhoneNum
Signature2026-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKristin AndersonPreparerPersonNm
PTINP01231300PTIN
Phone6179881000PhoneNum
Preparation2026-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1David A GreeneBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14120 Mayflower HillAddressLine1Txt
CityWatervilleCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04901ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$668,100,000GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.colby.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1813FormationYr
Legal Domicile StateMELegalDomicileStateCd
Activity Or Missionto provide a rigorous and transformative liberal arts education that prepares students to become thoughtful, engaged citizens.ActivityOrMissionDesc
Voting Members Governing Body36VotingMembersGoverningBodyCnt
Voting Members Independent35VotingMembersIndependentCnt
Total Employee2964TotalEmployeeCnt
Total Volunteers2000TotalVolunteersCnt
Total Gross UBI$6,887,000TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$122,793,000PYContributionsGrantsAmt
CY Contributions Grants$59,020,000CYContributionsGrantsAmt
PY Program Service Revenue$195,802,000PYProgramServiceRevenueAmt
CY Program Service Revenue$203,893,000CYProgramServiceRevenueAmt
PY Investment Income$60,962,000PYInvestmentIncomeAmt
CY Investment Income$84,026,000CYInvestmentIncomeAmt
PY Other Revenue$66,000PYOtherRevenueAmt
CY Other Revenue$7,550,000CYOtherRevenueAmt
PY Total Revenue$379,623,000PYTotalRevenueAmt
CY Total Revenue$354,489,000CYTotalRevenueAmt
PY Grants And Similar Paid$67,196,134PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$74,302,194CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$114,294,620PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$123,748,748CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$9,533,394CYTotalFundraisingExpenseAmt
PY Other Expenses$117,759,246PYOtherExpensesAmt
CY Other Expenses$127,193,058CYOtherExpensesAmt
PY Total Expenses$299,250,000PYTotalExpensesAmt
CY Total Expenses$325,244,000CYTotalExpensesAmt
PY Revenues Less Expenses$80,373,000PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$29,245,000CYRevenuesLessExpensesAmt
Total Assets BOY$2,364,066,000TotalAssetsBOYAmt
Total Assets EOY$2,544,594,000TotalAssetsEOYAmt
Total Liabilities BOY$393,656,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$469,518,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,970,410,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,075,076,000NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$261,330,972ExpenseAmt
Grant$74,302,194GrantAmt
Revenue$204,477,000RevenueAmt
DescPost secondary education: Instruction of 2,407 undergraduate students in 2024/25. In the 2024/25 year, 619 students graduated, and an estimated 364 students studied away. 88% completed the degree within five years; the student/faculty ratio is 10:1.Desc
Total Program Service Expenses$261,330,972TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document3418IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2964EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountrySPForeignCountryCd
Foreign CountryFRForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (true)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (true)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members36GoverningBodyVotingMembersCnt
Independent Voting Member35IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Elizabeth McGlinnBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2078594127PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14120 Mayflower HillAddressLine1Txt
CityWatervilleCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04901ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (56 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
David A Greene
President65.00.0Yes (X)Yes (X)$2,809,415$0$393,717
Jane Powers
Chair of the Board5.00.0Yes (X)Yes (X)$0$0$0
Michael Koester
Vice Chair of the Board5.00.0Yes (X)Yes (X)$0$0$0
Susan Boland
Vice Chair of the Board5.00.0Yes (X)Yes (X)$0$0$0
Alexander Buck
Trustee5.00.0Yes (X)$0$0$0
Amy Walter
Trustee5.00.0Yes (X)$0$0$0
Arman Gokgol-Kline
Trustee5.00.0Yes (X)$0$0$0
Armando Bengochea
Trustee until May 20255.00.0Yes (X)$0$0$0
Brenda Allen
Trustee5.00.0Yes (X)$0$0$0
Carl Smith
Trustee5.00.0Yes (X)$0$0$0
Catherine Tinsley
Trustee5.00.0Yes (X)$0$0$0
Christian Brunet
Trustee5.00.0Yes (X)$0$0$0
Dailey Coy
Trustee5.00.0Yes (X)$0$0$0
David Leavy
Trustee5.00.0Yes (X)$0$0$0
Dean Athanasia
Trustee5.00.0Yes (X)$0$0$0
Deanna Perez
Trustee5.00.0Yes (X)$0$0$0
Eric DeCosta
Trustee5.00.0Yes (X)$0$0$0
Jacklyn Dinneen
Trustee5.00.0Yes (X)$0$0$0
Jason Werlin
Trustee5.00.0Yes (X)$0$0$0
Jeffrey N Packman
Trustee5.00.0Yes (X)$0$0$0
Jennifer Millard
Trustee5.00.0Yes (X)$0$0$0
Jeremy Springhorn
Trustee5.00.0Yes (X)$0$0$0
Joerose Tharakan
Trustee5.00.0Yes (X)$0$0$0
John Lyons
Trustee5.00.0Yes (X)$0$0$0
John O'Neil
Trustee5.00.0Yes (X)$0$0$0
Jonathan Barry
Trustee5.00.0Yes (X)$0$0$0
Joshua Woodfork
Trustee5.00.0Yes (X)$0$0$0
Laura Ward
Trustee5.00.0Yes (X)$0$0$0
Lindsay Lanier
Trustee5.00.0Yes (X)$0$0$0
Marieke H Rothschild
Trustee5.00.0Yes (X)$0$0$0
Miguel Leff
Trustee5.00.0Yes (X)$0$0$0
Reagan Carey
Trustee5.00.0Yes (X)$0$0$0
Sarah E Eustis
Trustee5.00.0Yes (X)$0$0$0
Sunil Thakor
Trustee5.00.0Yes (X)$0$0$0
Susan Bram
Trustee5.00.0Yes (X)$0$0$0
Tanya Williams
Trustee until May 20255.00.0Yes (X)$0$0$0
Theresa Brockelman
Trustee5.00.0Yes (X)$0$0$0
Timothy O'Donnell
Trustee5.00.0Yes (X)$0$0$0
Tionna Haynes
Trustee until May 20255.00.0Yes (X)$0$0$0
Gustavo Burkett
Dean of College50.00.0Yes (X)$320,969$0$32,853
Julie Wood
Vice President and Chief Human Resources Officer50.00.0Yes (X)$372,075$0$43,146
Margaret McFadden
Provost and Dean of Faculty50.00.0Yes (X)$374,483$0$65,115
Matthew Proto
Senior VP and Chief Institutional Advancement Officer50.00.0Yes (X)$467,431$0$66,603
Nicole Trufant
Vice President for Administration and Chief Financial Officer50.00.0Yes (X)$502,640$0$22,543
Randi Maloney
Vice President and Dean of Admissions and Financial Aid50.00.0Yes (X)$226,019$0$57,855
Richard Uchida
VP, Gen Counsel, Secretary of Board50.00.0Yes (X)$405,369$0$65,673
Ruth Jackson
Vice President and Chief of Staff50.00.0Yes (X)$276,575$0$59,171
Deborah Shufrin
Associate VP and Chief Investment Officer50.00.0$859,992$0$61,143Yes (X)
Alexander Gentilli
Director of Investment Operations50.00.0$253,723$0$11,427Yes (X)
Alison Beyea
Executive Director of the Goldfarb Center for Public Affairs50.00.0$251,646$0$13,836Yes (X)
Andrew Loftus
Associate Vice President and Chief Information Officer50.00.0$266,816$0$13,941Yes (X)
Jacqueline Terrassa
Director, Museum of Art50.00.0$271,183$0$39,085Yes (X)
Thomas Martin
Managing Director of Investments50.00.0$447,210$0$0Yes (X)
Brian Clark
Former Vice President of Planning (Until 6/30/24)50.00.0$145,715$0$29,453Yes (X)
Douglas Terp
Former Vice President for Administration and CFO0.00.0$105,373$0$26,955Yes (X)
Michael Wisecup
Former Vice President and Director of Athletics (Until 6/30/24)50.00.0$166,480$0$14,902Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$8,523,114TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,017,418TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K249IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Bon Appetit Management Co
2400 Yorkmont RoadCharlotteNC28217Dining services$13,037,000
LandryFrench Construction Company
160 Pleasant Hill RoadScarboroughME04074Construction$10,915,000
Consigli Construction Co Inc
15 Franklin StreetPortlandME04101Construction$5,005,000
Incline Alchemy Inc
PO Box 28356BellinghamWA98228Technology Consulting$3,072,000
BrunerCott & Associates Inc
225 Friend StBostonMA02114Architecture$2,198,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K27CntrctRcvdGreaterThan100KCnt
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$0MembershipDuesAmt
Fundraising$0FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$4,565,000GovernmentGrantsAmt
All Other Contributions$54,455,000AllOtherContributionsAmt
Noncash Contributions$17,420,000NoncashContributionsAmt
Total Contributions$59,020,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition and Fees611310$167,852,000$167,852,000
Auxiliary611710$36,041,000$36,041,000

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$203,893,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,980,000TotalRevenueColumnAmt
Exclusion$20,980,000ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Exclusion$0ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Exclusion$0ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$79,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$79,000RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$79,000TotalRevenueColumnAmt
Exclusion$79,000ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$375,896,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$312,850,000SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$63,046,000SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,046,000TotalRevenueColumnAmt
Exclusion$63,046,000ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,345,000GrossSalesOfInventoryAmt
Cost Of Goods Sold$761,000CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$584,000TotalRevenueColumnAmt
Related Or Exempt Func Income$584,000RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Summer Programs611699$646,000$646,000
Accommodation and food services721000$6,241,000$6,241,000

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,887,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$354,489,000TotalRevenueColumnAmt
Related Or Exempt Func Income$204,477,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$6,887,000UnrelatedBusinessRevenueAmt
Exclusion$84,105,000ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$252,194TotalAmt
Program Services$252,194ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$59,965,000TotalAmt
Program Services$59,965,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$14,085,000TotalAmt
Program Services$14,085,000ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,077,758TotalAmt
Program Services$627,068ProgramServicesAmt
Management And General$4,730,698ManagementAndGeneralAmt
Fundraising$1,719,992FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$5,200TotalAmt
Program Services$5,200ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$85,725,558TotalAmt
Program Services$68,176,731ProgramServicesAmt
Management And General$15,027,539ManagementAndGeneralAmt
Fundraising$2,521,288FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$5,031,939TotalAmt
Program Services$4,018,000ProgramServicesAmt
Management And General$853,562ManagementAndGeneralAmt
Fundraising$160,377FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,523,571TotalAmt
Program Services$15,644,719ProgramServicesAmt
Management And General$2,593,115ManagementAndGeneralAmt
Fundraising$1,285,737FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,384,722TotalAmt
Program Services$4,785,000ProgramServicesAmt
Management And General$1,301,722ManagementAndGeneralAmt
Fundraising$298,000FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,126,203TotalAmt
Program Services$827,000ProgramServicesAmt
Management And General$299,203ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$558,098TotalAmt
Program Services$0ProgramServicesAmt
Management And General$558,098ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$14,251,000TotalAmt
Program Services$0ProgramServicesAmt
Management And General$14,251,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$28,967,000TotalAmt
Program Services$23,860,000ProgramServicesAmt
Management And General$4,019,000ManagementAndGeneralAmt
Fundraising$1,088,000FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,817,098TotalAmt
Program Services$12,988,000ProgramServicesAmt
Management And General$804,098ManagementAndGeneralAmt
Fundraising$25,000FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,516,000TotalAmt
Program Services$2,004,000ProgramServicesAmt
Management And General$1,508,000ManagementAndGeneralAmt
Fundraising$4,000FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,900,136TotalAmt
Program Services$10,531,000ProgramServicesAmt
Management And General$2,143,136ManagementAndGeneralAmt
Fundraising$226,000FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,584,313TotalAmt
Program Services$6,070,000ProgramServicesAmt
Management And General$986,313ManagementAndGeneralAmt
Fundraising$528,000FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$12,528,000TotalAmt
Program Services$11,103,000ProgramServicesAmt
Management And General$1,425,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$18,872,000TotalAmt
Program Services$17,528,000ProgramServicesAmt
Management And General$1,344,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,152,000TotalAmt
Program Services$4,648,000ProgramServicesAmt
Management And General$504,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
On-Campus Catering$2,890,000$686,000$1,124,000$1,080,000
Dues and Membership$2,169,000$1,203,000$369,000$597,000
Staff Recruitment$31,000$31,000$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,831,210TotalAmt
Program Services$2,293,060ProgramServicesAmt
Management And General$538,150ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$325,244,000TotalAmt
Program Services$261,330,972ProgramServicesAmt
Management And General$54,379,634ManagementAndGeneralAmt
Fundraising$9,533,394FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,064,000BOYAmt
EOY$3,629,000EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$22,482,000BOYAmt
EOY$37,770,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$184,578,000BOYAmt
EOY$185,757,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,924,532BOYAmt
EOY$3,242,922EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$136,468BOYAmt
EOY$71,078EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$407,000BOYAmt
EOY$267,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$767,000BOYAmt
EOY$704,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,176,000BOYAmt
EOY$6,682,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,156,175,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$265,535,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$859,914,000BOYAmt
EOY$890,640,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$155,189,000BOYAmt
EOY$114,214,000EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,120,178,000BOYAmt
EOY$1,251,689,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,250,000BOYAmt
EOY$49,928,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,364,066,000BOYAmt
EOY$2,544,594,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$32,761,000BOYAmt
EOY$36,655,000EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,512,000BOYAmt
EOY$292,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$25,000,000BOYAmt
EOY$91,890,000EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$300,762,000BOYAmt
EOY$308,014,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,621,000BOYAmt
EOY$32,667,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$393,656,000BOYAmt
EOY$469,518,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$683,500,000BOYAmt
EOY$698,098,000EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,286,910,000BOYAmt
EOY$1,376,978,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,970,410,000BOYAmt
EOY$2,075,076,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,364,066,000BOYAmt
EOY$2,544,594,000EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$29,245,000ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$74,772,000NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$649,000OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,023,011CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$89,010,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$37,611,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$122,793,000CurrentTaxYearMinus1YearAmt
Current Tax Year$59,017,240CurrentTaxYearAmt
Total$350,454,851TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,023,011CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$89,010,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$37,611,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$122,793,000CurrentTaxYearMinus1YearAmt
Current Tax Year$59,017,240CurrentTaxYearAmt
Total$350,454,851TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$111,144,986SubstantialContributorsTotAmt
Public Support Total170$239,309,865PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,557,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,557,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,107,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,577,000CurrentTaxYearMinus1YearAmt
Current Tax Year$21,059,000CurrentTaxYearAmt
Total$84,857,000TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$128,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$43,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,000CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$185,000TotalAmt
FieldValueIRS element (for citing)
Total Support$435,496,851TotalSupportAmt
Gross Receipts Rltd Activities$908,520,000GrossReceiptsRltdActivitiesAmt
Public Support CY1700.54951PublicSupportCY170Pct
Public Support PY1700.5768PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$0PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090PublicSupportCY509Pct
Public Support PY5090PublicSupportPY509Pct
Investment Income CY0InvestmentIncomeCYPct
Investment Income PY0InvestmentIncomePYPct
Private Foundation509Yes (X)PrivateFoundation509Ind

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - MISC. INCOME, COLUMN A - 128000.0, COLUMN B - 43000.0, COLUMN C - 7000.0, COLUMN D - 7000.0, COLUMN E - , COLUMN F - 185000.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$0OtherActivitiesAmt
Total Lobbying Expenditures$0TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1FormAndLineReferenceDesc
ExplanationThe college pays membership dues to various organizations, some portion of which may be used for lobbying in connection with issues that impact higher education.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$3,744,000RevenuesIncludedAmt
Assets Included$245,772,000AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,160,160,000BeginningYearBalanceAmt
Contributions$29,476,000ContributionsAmt
Investment Earnings Or Losses$147,346,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,685,000GrantsOrScholarshipsAmt
Other Expenditures$45,804,000OtherExpendituresAmt
Administrative Expenses$17,215,000AdministrativeExpensesAmt
End Year Balance$1,252,278,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,116,123,000BeginningYearBalanceAmt
Contributions$22,431,000ContributionsAmt
Investment Earnings Or Losses$99,034,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$20,627,000GrantsOrScholarshipsAmt
Other Expenditures$43,400,000OtherExpendituresAmt
Administrative Expenses$13,401,000AdministrativeExpensesAmt
End Year Balance$1,160,160,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,122,451,000BeginningYearBalanceAmt
Contributions$16,284,000ContributionsAmt
Investment Earnings Or Losses$43,163,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$19,482,000GrantsOrScholarshipsAmt
Other Expenditures$34,581,000OtherExpendituresAmt
Administrative Expenses$11,712,000AdministrativeExpensesAmt
End Year Balance$1,116,123,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,257,738,000BeginningYearBalanceAmt
Contributions$30,264,000ContributionsAmt
Investment Earnings Or Losses-$96,510,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,182,000GrantsOrScholarshipsAmt
Other Expenditures$36,210,000OtherExpendituresAmt
Administrative Expenses$14,649,000AdministrativeExpensesAmt
End Year Balance$1,122,451,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$878,323,000BeginningYearBalanceAmt
Contributions$26,325,000ContributionsAmt
Investment Earnings Or Losses$408,898,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,807,000GrantsOrScholarshipsAmt
Other Expenditures$31,838,000OtherExpendituresAmt
Administrative Expenses$8,163,000AdministrativeExpensesAmt
End Year Balance$1,257,738,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.227BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.344PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.429TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$10,250,000OtherCostOrOtherBasisAmt
Book Value$10,250,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$799,728,000OtherCostOrOtherBasisAmt
Depreciation$246,393,000DepreciationAmt
Book Value$553,335,000BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$0OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$19,879,000OtherCostOrOtherBasisAmt
Depreciation$11,729,000DepreciationAmt
Book Value$8,150,000BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$326,318,000OtherCostOrOtherBasisAmt
Depreciation$7,413,000DepreciationAmt
Book Value$318,905,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$890,640,000TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (10 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Closely-held equity interests
Financial derivatives
Global Equity Funds$298,200,000F
Venture Capital Funds$269,990,000F
Hedge Funds$236,789,000F
Buyout Funds$206,352,000F
Fixed Income Securities$84,865,000F
Real Estate Funds$103,511,000F
Natural Resources Funds$25,162,000F
Other Investments$26,820,000F
FieldValueIRS element (for citing)
Total Book Value Securities$1,251,689,000TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
Federal Income Taxes
Post retirement benefit obligation$17,563,000
Annuity obligations$8,163,000
Asset retirement obligation$6,941,000
FieldValueIRS element (for citing)
Total Liability$32,667,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$336,686,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$74,772,000NetUnrealizedGainsInvstAmt
Other Revenue-$1,310,000OtherRevenueAmt
Revenue Not Reported$73,462,000RevenueNotReportedAmt
Revenue Subtotal$263,224,000RevenueSubtotalAmt
Investment Expenses Not Incld$17,215,000InvestmentExpensesNotIncldAmt
Other Revenues Not Included$74,050,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$91,265,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$354,489,000TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$232,020,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$1,959,000OtherExpensesIncludedAmt
Expenses Not Reported-$1,959,000ExpensesNotReportedAmt
Expenses Subtotal$233,979,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$17,215,000InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$74,050,000OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$91,265,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$325,244,000TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collectionsFounded in 1959, the Colby College Museum of Art is a teaching museum, a destination for American art, and a place for education and engagement with local, national, and global communities. Part of Colby College, the museum is located in Waterville, Maine and actively contributes to Colby's curricular and co-curricular programs and to the region's quality of life. It inspires connections between art and people through distinctive exhibitions, programs, and publications, and through an outstanding collection that emphasizes American art and contemporary art within holdings that span cultures and time periods.
Schedule D, Part V, Line 4 Intended uses of endowment fundsThe College's endowment consists of approximately 1,500 individual funds established for a variety of purposes, including gifts that are subject to donor or legal restrictions as well as other gifts and College funds, which are invested to provide support for College activities in accordance with Trustee direction. The College has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of endowment assets. The maximum amount of endowment income utilization is determined by a spending formula approved by the Trustees. The amount available for use for 2024-25 was set at 5.50% of the market base defined as the average of the market values of the participating funds for the five preceding years, adjusted to reflect gifts and other additions received in subsequent years. Endowment income provides approximately 27% of the College's annual operating budget revenues. Approximately 78% of the permanently restricted net assets consist of those for which income is restricted to financial aid, instruction, academic support, student services, and research.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe College accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax effect is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The College has a number of tax positions, none of which result in an uncertainty requiring recognition. The College is not currently under examination by any taxing jurisdictions. The College's Federal and state tax returns are generally open for examination for three years following the date filed.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Intra-Organization Revenue/Expense Eliminations - -1863000 Postretirement benefit related charges other than net periodic benefit cost - 388000 other, net - -96000 Net change in annuity and life income funds - 261000
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsFinancial Aid - 74050000
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990Intra-Organization Revenue/Expense Eliminations - -1863000 Other, net - -96000
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsFinancial Aid - 74050000

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYThe College publicizes its nondiscriminatory policy on its publicly accessible internet homepage and all brochures and catalogs regarding student admissions, programs, and scholarships.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTThe College receives government grants for financial aid to students, faculty research, support of various innovative academic programs and energy related projects.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean00Investments$256,771,000
Europe (Including Iceland and Greenland)00Investments$43,057,000
Sub-Saharan Africa00Investments$18,211,000
Europe (Including Iceland and Greenland)29Program Services$1,121,000Study Abroad Program
Middle East and North Africa02Program Services$70,000Study Abroad Program
South Asia01Program Services$92,000Study Abroad Program
Central America and the Caribbean01Program Services$9,000Study Abroad Program
North America (Canada & Mexico only)01Program Services$14,000Study Abroad Program
East Asia and the Pacific02Program Services$6,000Study Abroad Program
East Asia and the Pacific00Grants to recipients located in the region$853,000
South America00Grants to recipients located in the region$327,000
Sub-Saharan Africa00Grants to recipients located in the region$91,000
Middle East and North Africa00Grants to recipients located in the region$127,000
Europe (Including Iceland and Greenland)Grants to recipients located in the region$4,740,000
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees16SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office2TotalOfficeCnt
Total Employee16TotalEmployeeCnt
Subtotal Spent$325,489,000SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$325,489,000TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Financial AidEurope (Including Iceland and Greenland)83$4,740,000Credit to Student Account
Financial AidEast Asia and the Pacific19$853,000Credit to Student Account
Financial AidSouth America8$327,000Credit to Student Account
Financial AidSub-Saharan Africa2$91,000Credit to Student Account
Financial AidMiddle East and North Africa2$127,000Credit to Student Account
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsGrants to individuals are made and monitored in accordance with Federal and Institutional Financial Aid policies. Amounts are applied to student accounts as credits to the bill to offset academic charges.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsCENTRAL AMERICA AND THE CARIBBEAN-Cash; EAST ASIA AND THE PACIFIC-Cash; EUROPE (INCLUDING ICELAND AND GREENLAND)-Cash; MIDDLE EAST AND NORTH AFRICA-Cash; NORTH AMERICA (CANADA & MEXICO ONLY)-Cash; SOUTH ASIA-Cash

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Alfond Youth Center
126 North StWatervilleME04901043341661501(c)3$11,500General Support
Central Maine Growth Council
50 Elm StreetWatervilleME04901010546258501(C)6$84,766General Support
Friends of Quarry Road
300 Quarry RoadWatervilleME04901273918525501(c)3$15,000General Support
Maine Federation of Farmers' Markets
PO Box 313FreeportME04032364716128501(c)3$5,719General Support
Mid-Maine Chamber of Commerce
50 Elm StWatervilleME04901010178800501(c)6$6,000General Support
Town of St George
3 School StreetTenants HarborME04860576001102Town of St. George$81,293General Support
Waterville Creates
10 Water St Suite 106WatervilleME04901010505433501(c)3$41,500General Support
Archives of American Art Journal
1000 Jefferson Dr SWWashingtonDC20560530206027501(c)3$6,416Support of the planned performance art and archives themed "In Conversation" feature
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeFinancial AidGrantTypeTxt
Recipient906RecipientCnt
Cash Grant$59,965,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationGrants to governments and organizations are made and monitored by College personnel in support of local community relations. College's Grants to individuals are made and monitored in accordance with Federal and Institutional Financial Aid policies. Amounts are applied to student accounts as credits to the bill to offset academic charges.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
David A Greene
President$1,172,256$0$1,162,150$0$475,009$0$232,802$0$160,915$0$3,203,132$0$200,000$0
Douglas Terp
Former Vice President for Administration and CFO$102,867$0$0$0$2,506$0$9,028$0$17,927$0$132,328$0$0$0
Michael Wisecup
Former Vice President and Director of Athletics (Until 6/30/24)$166,000$0$0$0$480$0$14,902$0$0$0$181,382$0$0$0
Brian Clark
Former Vice President of Planning (Until 6/30/24)$138,715$0$7,000$0$0$0$12,552$0$16,901$0$175,168$0$0$0
Nicole Trufant
Vice President for Administration and Chief Financial Officer$454,180$0$25,000$0$23,460$0$18,719$0$3,824$0$525,183$0$0$0
Matthew Proto
Senior VP and Chief Institutional Advancement Officer$445,531$0$0$0$21,900$0$32,802$0$33,801$0$534,034$0$0$0
Richard Uchida
VP, Gen Counsel, Secretary of Board$405,369$0$0$0$0$0$32,802$0$32,871$0$471,042$0$0$0
Julie Wood
Vice President and Chief Human Resources Officer$341,075$0$25,000$0$6,000$0$7,677$0$35,469$0$415,221$0$0$0
Margaret McFadden
Provost and Dean of Faculty$351,491$0$0$0$22,992$0$32,802$0$32,313$0$439,598$0$0$0
Gustavo Burkett
Dean of College$276,219$0$25,000$0$19,750$0$0$0$32,853$0$353,822$0$0$0
Ruth Jackson
Vice President and Chief of Staff$276,575$0$0$0$0$0$26,702$0$32,469$0$335,746$0$0$0
Randi Maloney
Vice President and Dean of Admissions and Financial Aid$226,019$0$0$0$0$0$21,802$0$36,053$0$283,874$0$0$0
Deborah Shufrin
Associate VP and Chief Investment Officer$650,181$0$172,411$0$37,400$0$32,802$0$28,341$0$921,135$0$0$0
Thomas Martin
Managing Director of Investments$358,750$0$87,500$0$960$0$0$0$0$0$447,210$0$0$0
Jacqueline Terrassa
Director, Museum of Art$259,183$0$0$0$12,000$0$25,552$0$13,533$0$310,268$0$0$0
Andrew Loftus
Associate Vice President and Chief Information Officer$247,816$0$19,000$0$0$0$0$0$13,941$0$280,757$0$0$0
Alexander Gentilli
Director of Investment Operations$219,013$0$33,750$0$960$0$11,427$0$0$0$265,150$0$0$0
Alison Beyea
Executive Director of the Goldfarb Center for Public Affairs$203,346$0$19,800$0$28,500$0$0$0$13,836$0$265,482$0$0$0

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelThe Board of Trustees has approved the limited use of first-class travel for the President when traveling on College business. Charter travel was used on a limited basis to provide travel for the President to attend meetings. This benefit was treated as non-taxable compensation.
Schedule J, Part I, Line 1a Tax indemnification and gross-up paymentsPayments are made on the President's behalf relating to personal insurance policies and are included in his imputed income. The College grosses up this amount offset the impact on net pay.
Schedule J, Part I, Line 1a Housing allowance or residence for personal useHousing was provided to the President of the College as a required condition of employment and was treated as non-taxable compensation. Housing benefits were also provided to the Dean of the College and the Executive Director of the Goldfarb Center. These benefits were treated as taxable compensation.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensationThe Board of Trustees has enacted procedures to establish a presumption that the total compensation offered to the president is reasonable, consistent with internal Revenue Code Section 4958 and applicable regulations. These procedures include: a decision-making committee comprised solely of trustees who are independent and free of conflict of interest (the Board Affairs Committee); reliance on market comparability data; use of independent compensation consultants, as needed; and documentation of the committee's deliberations and decisions.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planThe President participates in a split-dollar life insurance plan.
Schedule J, Part I, Line 7 Non-fixed paymentsCertain officers and employees received a performance bonus approved by the President and the Board Affairs Committee. These amounts were disclosed in Schedule J, Part II, (B), (ii). Associate VP and Chief Investment Officer and Managing Director of Investments have an incentive performance related bonus based in part on the investment performance of the Colby College endowment.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Maine Health & Higher Educational Facilities Authority - Series 2019
A0103143840000000002019-06-11$25,000,000Facilitiesfalsefalsefalse
Finance Authority of Maine - Series 2024
B01039200656042BCE52024-07-25$75,719,209Construction of Residence Hallfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$0$0$25,000,000$0$0$0$0$0$0$25,000,000$0$02020falsefalseYes (true)Yes (true)
B$0$0$78,070,412$0$0$0$719,209$0$0$29,504,082$47,847,121falsefalsefalseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndChange In Use Bond Financed PropChangeInUseBondFinancedPropPctRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalsefalsefalse0.00.00.0falsefalse0falseYes (true)
Bfalsefalsefalsefalsefalsefalse0.00.00.0falsefalse0falseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndTerm Of GICTermOfGICPctRegulatory Safe Harbor StsfdRegulatorySafeHarborStsfdIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalseYes (true)falsefalsefalse0falsefalsefalse0falsefalseYes (true)
BfalseYes (true)falsefalsefalsefalse0falsefalsefalse0falsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule K, Part II, Line 3FormAndLineReferenceDesc
ExplanationThe difference between the Issue Price and the Total Proceeds of Issue in the amount of $2,351,203 represents earnings on invested proceeds.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
David A Greene
PresidentEducation LoanYes (X)$47,463$9,493falseYes (true)Yes (true)
David A Greene
PresidentEducation LoanYes (X)$75,747$15,149falseYes (true)Yes (true)
David A Greene
PresidentEducation LoanYes (X)$22,533$9,012falseYes (true)Yes (true)
David A Greene
PresidentEducation LoanYes (X)$22,533$9,012falseYes (true)Yes (true)
David A Greene
PresidentEducation LoanYes (X)$23,676$14,206falseYes (true)Yes (true)
David A Greene
PresidentEducation LoanYes (X)$23,676$14,206falseYes (true)Yes (true)
FieldValueIRS element (for citing)
Total Balance Due$71,078TotalBalanceDueAmt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Contribution26ContributionCnt
Noncash Contributions Rpt F990$3,744,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - Qualified appraisalsMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$4,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesOtherMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Contribution105ContributionCnt
Noncash Contributions Rpt F990$13,672,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesOther - IRS Valuation on gift dateMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 1Colby College is the 12th oldest liberal arts college in the U.S. Distinctive in its offerings, Colby provides an intimate, undergraduate-focused learning environment with a breadth of programs presenting students and faculty with unparalleled opportunities. A vibrant and fully integrated academic, residential, and cocurricular experience is sustained by an inclusive and supportive community. Colby is a global institution with students representing nearly every U.S. state and over 50 countries.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyThe return is reviewed by an independent accounting firm and the audit subcommittee of the Board of Trustees. The College provides an electronic copy of the full IRS Form 990 via a password protected website on which the form may be viewed by all voting members of the Board of Trustees prior to filing. The College notifies Board members that the Form 990 is available for review on that site.
Form 990, Part VI, Line 12c Conflict of interest policyConflict of Interest questionnaires are completed annually by all members of the Board of Trustees, all Officers and all Key Employees. The completed questionnaires are reviewed by College management and any potential conflicts are discussed with the Audit Subcommittee of the Board of Trustees. The Audit Subcommittee enforces compliance with the Conflict of Interest policy. Any individual with a conflict of interest is prohibited from participating in deliberations and decisions involving the transaction.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialFor the President's compensation, a comparison to peer institutions is undertaken annually. In addition, an independent compensation consultant is engaged to assess the reasonableness of the compensation amount. The President's compensation amount is reviewed and approved annually by the Board Affairs Committee of the Board of Trustees. For all other Officers and Key Employees, a comparison to peer institutions is undertaken annually. The College President will recommend the annual compensation amounts for all other Officers and Key Employees, which are reviewed and approved annually by the Board Affairs Committee of the Board of Trustees. Compensation of the President, Officers and Key Employees is set by independent persons and documented contemporaneously.
Form 990, Part VI, Line 19 Required documents available to the publicThe college's annual financial statements are available on Colby's public website. Other governing documents and the conflict of interest policy are made available to the public upon request.
Form 990, Part VIII, Line 11d Other Miscellaneous RevenuemIS - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesPostretirement benefit cost change - 388000; Net change in annuity and life income funds - 261000; Total - 649000;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
Elm City LLC
4120 Mayflower HillWatervilleME04901473103849InactiveME$0$0The President & Trustees of Colby College
Elm City 9 LLC
4120 Mayflower HillWatervilleME04901474327488Real Estate ManagementME$5,662,000$16,306,000The President & Trustees of Colby College
Elm City 173 LLC
4120 Mayflower HillWatervilleME04901474313598Real Estate ManagementME$159,000$4,935,000The President & Trustees of Colby College
Elm City 13 LLC
4120 Mayflower HillWatervilleME04901475277633Real Estate ManagementME$0$690,000The President & Trustees of Colby College
Elm City 93 LLC
4120 Mayflower HillWatervilleME04901843982685Real Estate ManagementME$156,000-$43,000The President & Trustees of Colby College
ELM CITY 20 LLC
4120 Mayflower HillWATERVILLEME04901474888049InactiveME$0$0The President & Trustees of Colby College
ELM CITY 14 LLC
4120 MAYFLOWER HILLWATERVILLEME04901810865849InactiveME$0$0The President & Trustees of Colby College

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Mayflower Hill Broadcasting WMHBBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14000 Mayflower HillAddressLine1Txt
CityWatervilleCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04901ZIPCd
FieldValueIRS element (for citing)
EIN141876184EIN
Primary Activitiesoperation of radio stationPrimaryActivitiesTxt
Legal Domicile StateMELegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity Status7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1The President & Trustees of Colby CollegeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Charitable Remainder Trust (23)BusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14120 Mayflower HillAddressLine1Txt
CityWatervilleCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04901ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesCharitable Remainder UnitrustPrimaryActivitiesTxt
Legal Domicile StateMELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1ColbyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeTrustEntityTypeTxt
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE REMAINDER TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeSTransactionTypeTxt
Involved$159,079InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt