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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-11T11:06:23+00:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 South Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010211497 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The President and Trustees of Colby College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 2078594774 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 Mayflower Hill | AddressLine1Txt |
| City | Waterville | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Nicole Labbe-Trufant | PersonNm |
| Person Title | VP & CFO | PersonTitleTxt |
| Phone | 2088594774 | PhoneNum |
| Signature | 2026-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kristin Anderson | PreparerPersonNm |
| PTIN | P01231300 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2026-05-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David A Greene | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 Mayflower Hill | AddressLine1Txt |
| City | Waterville | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $668,100,000 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.colby.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1813 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | to provide a rigorous and transformative liberal arts education that prepares students to become thoughtful, engaged citizens. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 35 | VotingMembersIndependentCnt |
| Total Employee | 2964 | TotalEmployeeCnt |
| Total Volunteers | 2000 | TotalVolunteersCnt |
| Total Gross UBI | $6,887,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $122,793,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $59,020,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $195,802,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $203,893,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $60,962,000 | PYInvestmentIncomeAmt |
| CY Investment Income | $84,026,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $66,000 | PYOtherRevenueAmt |
| CY Other Revenue | $7,550,000 | CYOtherRevenueAmt |
| PY Total Revenue | $379,623,000 | PYTotalRevenueAmt |
| CY Total Revenue | $354,489,000 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $67,196,134 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $74,302,194 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $114,294,620 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $123,748,748 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,533,394 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $117,759,246 | PYOtherExpensesAmt |
| CY Other Expenses | $127,193,058 | CYOtherExpensesAmt |
| PY Total Expenses | $299,250,000 | PYTotalExpensesAmt |
| CY Total Expenses | $325,244,000 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $80,373,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $29,245,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,364,066,000 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,544,594,000 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $393,656,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $469,518,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,970,410,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,075,076,000 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $261,330,972 | ExpenseAmt |
| Grant | $74,302,194 | GrantAmt |
| Revenue | $204,477,000 | RevenueAmt |
| Desc | Post 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 | $261,330,972 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 3418 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 2964 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | SP | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | Yes (true) | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 35 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Elizabeth McGlinn | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2078594127 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 Mayflower Hill | AddressLine1Txt |
| City | Waterville | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04901 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (56 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| David A Greene | ||||||||||
| President | 65.0 | 0.0 | Yes (X) | Yes (X) | $2,809,415 | $0 | $393,717 | |||
| Jane Powers | ||||||||||
| Chair of the Board | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Michael Koester | ||||||||||
| Vice Chair of the Board | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Susan Boland | ||||||||||
| Vice Chair of the Board | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Alexander Buck | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Amy Walter | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Arman Gokgol-Kline | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Armando Bengochea | ||||||||||
| Trustee until May 2025 | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Brenda Allen | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Carl Smith | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Catherine Tinsley | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Christian Brunet | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Dailey Coy | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| David Leavy | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Dean Athanasia | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Deanna Perez | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Eric DeCosta | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jacklyn Dinneen | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jason Werlin | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jeffrey N Packman | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jennifer Millard | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jeremy Springhorn | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joerose Tharakan | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John Lyons | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John O'Neil | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jonathan Barry | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joshua Woodfork | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Laura Ward | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lindsay Lanier | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Marieke H Rothschild | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Miguel Leff | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Reagan Carey | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sarah E Eustis | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sunil Thakor | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Susan Bram | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Tanya Williams | ||||||||||
| Trustee until May 2025 | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Theresa Brockelman | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Timothy O'Donnell | ||||||||||
| Trustee | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Tionna Haynes | ||||||||||
| Trustee until May 2025 | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Gustavo Burkett | ||||||||||
| Dean of College | 50.0 | 0.0 | Yes (X) | $320,969 | $0 | $32,853 | ||||
| Julie Wood | ||||||||||
| Vice President and Chief Human Resources Officer | 50.0 | 0.0 | Yes (X) | $372,075 | $0 | $43,146 | ||||
| Margaret McFadden | ||||||||||
| Provost and Dean of Faculty | 50.0 | 0.0 | Yes (X) | $374,483 | $0 | $65,115 | ||||
| Matthew Proto | ||||||||||
| Senior VP and Chief Institutional Advancement Officer | 50.0 | 0.0 | Yes (X) | $467,431 | $0 | $66,603 | ||||
| Nicole Trufant | ||||||||||
| Vice President for Administration and Chief Financial Officer | 50.0 | 0.0 | Yes (X) | $502,640 | $0 | $22,543 | ||||
| Randi Maloney | ||||||||||
| Vice President and Dean of Admissions and Financial Aid | 50.0 | 0.0 | Yes (X) | $226,019 | $0 | $57,855 | ||||
| Richard Uchida | ||||||||||
| VP, Gen Counsel, Secretary of Board | 50.0 | 0.0 | Yes (X) | $405,369 | $0 | $65,673 | ||||
| Ruth Jackson | ||||||||||
| Vice President and Chief of Staff | 50.0 | 0.0 | Yes (X) | $276,575 | $0 | $59,171 | ||||
| Deborah Shufrin | ||||||||||
| Associate VP and Chief Investment Officer | 50.0 | 0.0 | $859,992 | $0 | $61,143 | Yes (X) | ||||
| Alexander Gentilli | ||||||||||
| Director of Investment Operations | 50.0 | 0.0 | $253,723 | $0 | $11,427 | Yes (X) | ||||
| Alison Beyea | ||||||||||
| Executive Director of the Goldfarb Center for Public Affairs | 50.0 | 0.0 | $251,646 | $0 | $13,836 | Yes (X) | ||||
| Andrew Loftus | ||||||||||
| Associate Vice President and Chief Information Officer | 50.0 | 0.0 | $266,816 | $0 | $13,941 | Yes (X) | ||||
| Jacqueline Terrassa | ||||||||||
| Director, Museum of Art | 50.0 | 0.0 | $271,183 | $0 | $39,085 | Yes (X) | ||||
| Thomas Martin | ||||||||||
| Managing Director of Investments | 50.0 | 0.0 | $447,210 | $0 | $0 | Yes (X) | ||||
| Brian Clark | ||||||||||
| Former Vice President of Planning (Until 6/30/24) | 50.0 | 0.0 | $145,715 | $0 | $29,453 | Yes (X) | ||||
| Douglas Terp | ||||||||||
| Former Vice President for Administration and CFO | 0.0 | 0.0 | $105,373 | $0 | $26,955 | Yes (X) | ||||
| Michael Wisecup | ||||||||||
| Former Vice President and Director of Athletics (Until 6/30/24) | 50.0 | 0.0 | $166,480 | $0 | $14,902 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,523,114 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,017,418 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 249 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Bon Appetit Management Co | |||||
| 2400 Yorkmont Road | Charlotte | NC | 28217 | Dining services | $13,037,000 |
| LandryFrench Construction Company | |||||
| 160 Pleasant Hill Road | Scarborough | ME | 04074 | Construction | $10,915,000 |
| Consigli Construction Co Inc | |||||
| 15 Franklin Street | Portland | ME | 04101 | Construction | $5,005,000 |
| Incline Alchemy Inc | |||||
| PO Box 28356 | Bellingham | WA | 98228 | Technology Consulting | $3,072,000 |
| BrunerCott & Associates Inc | |||||
| 225 Friend St | Boston | MA | 02114 | Architecture | $2,198,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 27 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $4,565,000 | GovernmentGrantsAmt |
| All Other Contributions | $54,455,000 | AllOtherContributionsAmt |
| Noncash Contributions | $17,420,000 | NoncashContributionsAmt |
| Total Contributions | $59,020,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611310 | $167,852,000 | $167,852,000 |
| Auxiliary | 611710 | $36,041,000 | $36,041,000 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $203,893,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,980,000 | TotalRevenueColumnAmt |
| Exclusion | $20,980,000 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $79,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $79,000 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $79,000 | TotalRevenueColumnAmt |
| Exclusion | $79,000 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $375,896,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $312,850,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,046,000 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,046,000 | TotalRevenueColumnAmt |
| Exclusion | $63,046,000 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,345,000 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $761,000 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $584,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $584,000 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| Summer Programs | 611699 | $646,000 | $646,000 |
| Accommodation and food services | 721000 | $6,241,000 | $6,241,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,887,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $354,489,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $204,477,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,887,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $84,105,000 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,194 | TotalAmt |
| Program Services | $252,194 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,965,000 | TotalAmt |
| Program Services | $59,965,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,085,000 | TotalAmt |
| Program Services | $14,085,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,077,758 | TotalAmt |
| Program Services | $627,068 | ProgramServicesAmt |
| Management And General | $4,730,698 | ManagementAndGeneralAmt |
| Fundraising | $1,719,992 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,200 | TotalAmt |
| Program Services | $5,200 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,725,558 | TotalAmt |
| Program Services | $68,176,731 | ProgramServicesAmt |
| Management And General | $15,027,539 | ManagementAndGeneralAmt |
| Fundraising | $2,521,288 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,031,939 | TotalAmt |
| Program Services | $4,018,000 | ProgramServicesAmt |
| Management And General | $853,562 | ManagementAndGeneralAmt |
| Fundraising | $160,377 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,523,571 | TotalAmt |
| Program Services | $15,644,719 | ProgramServicesAmt |
| Management And General | $2,593,115 | ManagementAndGeneralAmt |
| Fundraising | $1,285,737 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,384,722 | TotalAmt |
| Program Services | $4,785,000 | ProgramServicesAmt |
| Management And General | $1,301,722 | ManagementAndGeneralAmt |
| Fundraising | $298,000 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,126,203 | TotalAmt |
| Program Services | $827,000 | ProgramServicesAmt |
| Management And General | $299,203 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,098 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $558,098 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,251,000 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $14,251,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,967,000 | TotalAmt |
| Program Services | $23,860,000 | ProgramServicesAmt |
| Management And General | $4,019,000 | ManagementAndGeneralAmt |
| Fundraising | $1,088,000 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,817,098 | TotalAmt |
| Program Services | $12,988,000 | ProgramServicesAmt |
| Management And General | $804,098 | ManagementAndGeneralAmt |
| Fundraising | $25,000 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,516,000 | TotalAmt |
| Program Services | $2,004,000 | ProgramServicesAmt |
| Management And General | $1,508,000 | ManagementAndGeneralAmt |
| Fundraising | $4,000 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,900,136 | TotalAmt |
| Program Services | $10,531,000 | ProgramServicesAmt |
| Management And General | $2,143,136 | ManagementAndGeneralAmt |
| Fundraising | $226,000 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,584,313 | TotalAmt |
| Program Services | $6,070,000 | ProgramServicesAmt |
| Management And General | $986,313 | ManagementAndGeneralAmt |
| Fundraising | $528,000 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,528,000 | TotalAmt |
| Program Services | $11,103,000 | ProgramServicesAmt |
| Management And General | $1,425,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,872,000 | TotalAmt |
| Program Services | $17,528,000 | ProgramServicesAmt |
| Management And General | $1,344,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,152,000 | TotalAmt |
| Program Services | $4,648,000 | ProgramServicesAmt |
| Management And General | $504,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,831,210 | TotalAmt |
| Program Services | $2,293,060 | ProgramServicesAmt |
| Management And General | $538,150 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $325,244,000 | TotalAmt |
| Program Services | $261,330,972 | ProgramServicesAmt |
| Management And General | $54,379,634 | ManagementAndGeneralAmt |
| Fundraising | $9,533,394 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,064,000 | BOYAmt |
| EOY | $3,629,000 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,482,000 | BOYAmt |
| EOY | $37,770,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,578,000 | BOYAmt |
| EOY | $185,757,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,924,532 | BOYAmt |
| EOY | $3,242,922 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,468 | BOYAmt |
| EOY | $71,078 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $407,000 | BOYAmt |
| EOY | $267,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $767,000 | BOYAmt |
| EOY | $704,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,176,000 | BOYAmt |
| EOY | $6,682,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,156,175,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $265,535,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $859,914,000 | BOYAmt |
| EOY | $890,640,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,189,000 | BOYAmt |
| EOY | $114,214,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,120,178,000 | BOYAmt |
| EOY | $1,251,689,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,250,000 | BOYAmt |
| EOY | $49,928,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,364,066,000 | BOYAmt |
| EOY | $2,544,594,000 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,761,000 | BOYAmt |
| EOY | $36,655,000 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,512,000 | BOYAmt |
| EOY | $292,000 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,000,000 | BOYAmt |
| EOY | $91,890,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300,762,000 | BOYAmt |
| EOY | $308,014,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,621,000 | BOYAmt |
| EOY | $32,667,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $393,656,000 | BOYAmt |
| EOY | $469,518,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $683,500,000 | BOYAmt |
| EOY | $698,098,000 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,286,910,000 | BOYAmt |
| EOY | $1,376,978,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,970,410,000 | BOYAmt |
| EOY | $2,075,076,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,364,066,000 | BOYAmt |
| EOY | $2,544,594,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $29,245,000 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $74,772,000 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $649,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,023,011 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $89,010,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,611,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $122,793,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $59,017,240 | CurrentTaxYearAmt |
| Total | $350,454,851 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,023,011 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $89,010,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,611,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $122,793,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $59,017,240 | CurrentTaxYearAmt |
| Total | $350,454,851 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $111,144,986 | SubstantialContributorsTotAmt |
| Public Support Total170 | $239,309,865 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,557,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,557,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,107,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,577,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,059,000 | CurrentTaxYearAmt |
| Total | $84,857,000 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $128,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $43,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $185,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $435,496,851 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $908,520,000 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.54951 | PublicSupportCY170Pct |
| Public Support PY170 | 0.5768 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Public Support PY509 | 0 | PublicSupportPY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
| Investment Income PY | 0 | InvestmentIncomePYPct |
| Private Foundation509 | Yes (X) | PrivateFoundation509Ind |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Adj Net Income Distributable | $0 | CYAdjNetIncomeDistributableAmt |
| CY Pct85 Adjusted Net Income | $0 | CYPct85AdjustedNetIncomeAmt |
| CY Total Min Ast Distributable | $0 | CYTotalMinAstDistributableAmt |
| CY Greater Adjusted Minimum | $0 | CYGreaterAdjustedMinimumAmt |
| CY Income Tax Imposed PY | $0 | CYIncomeTaxImposedPYAmt |
| CY Distributable As Adjusted | $0 | CYDistributableAsAdjustedAmt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $0 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $0 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | The 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $3,744,000 | RevenuesIncludedAmt |
| Assets Included | $245,772,000 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,160,160,000 | BeginningYearBalanceAmt |
| Contributions | $29,476,000 | ContributionsAmt |
| Investment Earnings Or Losses | $147,346,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $21,685,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $45,804,000 | OtherExpendituresAmt |
| Administrative Expenses | $17,215,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,252,278,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,116,123,000 | BeginningYearBalanceAmt |
| Contributions | $22,431,000 | ContributionsAmt |
| Investment Earnings Or Losses | $99,034,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $20,627,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $43,400,000 | OtherExpendituresAmt |
| Administrative Expenses | $13,401,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,160,160,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,122,451,000 | BeginningYearBalanceAmt |
| Contributions | $16,284,000 | ContributionsAmt |
| Investment Earnings Or Losses | $43,163,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $19,482,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $34,581,000 | OtherExpendituresAmt |
| Administrative Expenses | $11,712,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,116,123,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,257,738,000 | BeginningYearBalanceAmt |
| Contributions | $30,264,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$96,510,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,182,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $36,210,000 | OtherExpendituresAmt |
| Administrative Expenses | $14,649,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,122,451,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $878,323,000 | BeginningYearBalanceAmt |
| Contributions | $26,325,000 | ContributionsAmt |
| Investment Earnings Or Losses | $408,898,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,807,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,838,000 | OtherExpendituresAmt |
| Administrative Expenses | $8,163,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,257,738,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.227 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.344 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.429 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $10,250,000 | OtherCostOrOtherBasisAmt |
| Book Value | $10,250,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $799,728,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $246,393,000 | DepreciationAmt |
| Book Value | $553,335,000 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $19,879,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,729,000 | DepreciationAmt |
| Book Value | $8,150,000 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $326,318,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,413,000 | DepreciationAmt |
| Book Value | $318,905,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $890,640,000 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Closely-held equity interests | ||
| Financial derivatives | ||
| Global Equity Funds | $298,200,000 | F |
| Venture Capital Funds | $269,990,000 | F |
| Hedge Funds | $236,789,000 | F |
| Buyout Funds | $206,352,000 | F |
| Fixed Income Securities | $84,865,000 | F |
| Real Estate Funds | $103,511,000 | F |
| Natural Resources Funds | $25,162,000 | F |
| Other Investments | $26,820,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,251,689,000 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Income Taxes | |
| Post retirement benefit obligation | $17,563,000 |
| Annuity obligations | $8,163,000 |
| Asset retirement obligation | $6,941,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $32,667,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $336,686,000 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $74,772,000 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,310,000 | OtherRevenueAmt |
| Revenue Not Reported | $73,462,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $263,224,000 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $17,215,000 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $74,050,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $91,265,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $354,489,000 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $232,020,000 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$1,959,000 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$1,959,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $233,979,000 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $17,215,000 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $74,050,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $91,265,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $325,244,000 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 4 Collections of art - description of collections | Founded 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 funds | The 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) footnote | The 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 990 | Intra-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 statements | Financial Aid - 74050000 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Intra-Organization Revenue/Expense Eliminations - -1863000 Other, net - -96000 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Financial Aid - 74050000 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | The 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 GOVERNMENT | The College receives government grants for financial aid to students, faculty research, support of various innovative academic programs and energy related projects. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Investments | $256,771,000 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Investments | $43,057,000 | |
| Sub-Saharan Africa | 0 | 0 | Investments | $18,211,000 | |
| Europe (Including Iceland and Greenland) | 2 | 9 | Program Services | $1,121,000 | Study Abroad Program |
| Middle East and North Africa | 0 | 2 | Program Services | $70,000 | Study Abroad Program |
| South Asia | 0 | 1 | Program Services | $92,000 | Study Abroad Program |
| Central America and the Caribbean | 0 | 1 | Program Services | $9,000 | Study Abroad Program |
| North America (Canada & Mexico only) | 0 | 1 | Program Services | $14,000 | Study Abroad Program |
| East Asia and the Pacific | 0 | 2 | Program Services | $6,000 | Study Abroad Program |
| East Asia and the Pacific | 0 | 0 | Grants to recipients located in the region | $853,000 | |
| South America | 0 | 0 | Grants to recipients located in the region | $327,000 | |
| Sub-Saharan Africa | 0 | 0 | Grants to recipients located in the region | $91,000 | |
| Middle East and North Africa | 0 | 0 | Grants to recipients located in the region | $127,000 | |
| Europe (Including Iceland and Greenland) | Grants to recipients located in the region | $4,740,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 16 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Subtotal Spent | $325,489,000 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $325,489,000 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Financial Aid | Europe (Including Iceland and Greenland) | 83 | $4,740,000 | Credit to Student Account |
| Financial Aid | East Asia and the Pacific | 19 | $853,000 | Credit to Student Account |
| Financial Aid | South America | 8 | $327,000 | Credit to Student Account |
| Financial Aid | Sub-Saharan Africa | 2 | $91,000 | Credit to Student Account |
| Financial Aid | Middle East and North Africa | 2 | $127,000 | Credit to Student Account |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds | 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. |
| Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | CENTRAL 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Alfond Youth Center | |||||||
| 126 North St | Waterville | ME | 04901 | 043341661 | 501(c)3 | $11,500 | General Support |
| Central Maine Growth Council | |||||||
| 50 Elm Street | Waterville | ME | 04901 | 010546258 | 501(C)6 | $84,766 | General Support |
| Friends of Quarry Road | |||||||
| 300 Quarry Road | Waterville | ME | 04901 | 273918525 | 501(c)3 | $15,000 | General Support |
| Maine Federation of Farmers' Markets | |||||||
| PO Box 313 | Freeport | ME | 04032 | 364716128 | 501(c)3 | $5,719 | General Support |
| Mid-Maine Chamber of Commerce | |||||||
| 50 Elm St | Waterville | ME | 04901 | 010178800 | 501(c)6 | $6,000 | General Support |
| Town of St George | |||||||
| 3 School Street | Tenants Harbor | ME | 04860 | 576001102 | Town of St. George | $81,293 | General Support |
| Waterville Creates | |||||||
| 10 Water St Suite 106 | Waterville | ME | 04901 | 010505433 | 501(c)3 | $41,500 | General Support |
| Archives of American Art Journal | |||||||
| 1000 Jefferson Dr SW | Washington | DC | 20560 | 530206027 | 501(c)3 | $6,416 | Support of the planned performance art and archives themed "In Conversation" feature |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid | GrantTypeTxt |
| Recipient | 906 | RecipientCnt |
| Cash Grant | $59,965,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds | FormAndLineReferenceDesc |
| Explanation | Grants 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a First-class or charter travel | The 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 payments | Payments 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 use | Housing 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 compensation | The 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 plan | The President participates in a split-dollar life insurance plan. |
| Schedule J, Part I, Line 7 Non-fixed payments | Certain 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 ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Maine Health & Higher Educational Facilities Authority - Series 2019 | ||||||||
| A | 010314384 | 000000000 | 2019-06-11 | $25,000,000 | Facilities | false | false | false |
| Finance Authority of Maine - Series 2024 | ||||||||
| B | 010392006 | 56042BCE5 | 2024-07-25 | $75,719,209 | Construction of Residence Hall | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $25,000,000 | $0 | $0 | $0 | $0 | $0 | $0 | $25,000,000 | $0 | $0 | 2020 | false | false | Yes (true) | Yes (true) |
| B | $0 | $0 | $78,070,412 | $0 | $0 | $0 | $719,209 | $0 | $0 | $29,504,082 | $47,847,121 | false | false | false | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
| B | false | false | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | false | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| B | false | Yes (true) | false | false | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part II, Line 3 | FormAndLineReferenceDesc |
| Explanation | The 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 OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $47,463 | $9,493 | false | Yes (true) | Yes (true) |
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $75,747 | $15,149 | false | Yes (true) | Yes (true) |
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $22,533 | $9,012 | false | Yes (true) | Yes (true) |
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $22,533 | $9,012 | false | Yes (true) | Yes (true) |
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $23,676 | $14,206 | false | Yes (true) | Yes (true) |
| David A Greene | |||||||
| President | Education Loan | Yes (X) | $23,676 | $14,206 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $71,078 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contribution | 26 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,744,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other - Qualified appraisals | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $4,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contribution | 105 | ContributionCnt |
| Noncash Contributions Rpt F990 | $13,672,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Other - IRS Valuation on gift date | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 1 | Colby 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 body | The 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 policy | Conflict 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 official | For 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 public | The 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 Revenue | mIS - 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 balances | Postretirement 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/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Elm City LLC | |||||||||
| 4120 Mayflower Hill | Waterville | ME | 04901 | 473103849 | Inactive | ME | $0 | $0 | The President & Trustees of Colby College |
| Elm City 9 LLC | |||||||||
| 4120 Mayflower Hill | Waterville | ME | 04901 | 474327488 | Real Estate Management | ME | $5,662,000 | $16,306,000 | The President & Trustees of Colby College |
| Elm City 173 LLC | |||||||||
| 4120 Mayflower Hill | Waterville | ME | 04901 | 474313598 | Real Estate Management | ME | $159,000 | $4,935,000 | The President & Trustees of Colby College |
| Elm City 13 LLC | |||||||||
| 4120 Mayflower Hill | Waterville | ME | 04901 | 475277633 | Real Estate Management | ME | $0 | $690,000 | The President & Trustees of Colby College |
| Elm City 93 LLC | |||||||||
| 4120 Mayflower Hill | Waterville | ME | 04901 | 843982685 | Real Estate Management | ME | $156,000 | -$43,000 | The President & Trustees of Colby College |
| ELM CITY 20 LLC | |||||||||
| 4120 Mayflower Hill | WATERVILLE | ME | 04901 | 474888049 | Inactive | ME | $0 | $0 | The President & Trustees of Colby College |
| ELM CITY 14 LLC | |||||||||
| 4120 MAYFLOWER HILL | WATERVILLE | ME | 04901 | 810865849 | Inactive | ME | $0 | $0 | The President & Trustees of Colby College |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mayflower Hill Broadcasting WMHB | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4000 Mayflower Hill | AddressLine1Txt |
| City | Waterville | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 141876184 | EIN |
| Primary Activities | operation of radio station | PrimaryActivitiesTxt |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The President & Trustees of Colby College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable Remainder Trust (23) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 Mayflower Hill | AddressLine1Txt |
| City | Waterville | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Charitable Remainder Unitrust | PrimaryActivitiesTxt |
| Legal Domicile State | ME | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Colby | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | Trust | EntityTypeTxt |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $159,079 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |