President & Trustees Of Colby College
- Assets
- $1.9b
- Revenue
- $292.4m
- Investments
- $734.7m
- Employees
- 3,294
- Location
- Waterville, ME
- Founding
- 04/1944
- Data as of
- 06/2020
- EIN
- 01-0211497
President & Trustees Of Colby College Overview
President & Trustees Of Colby College is located in Waterville, ME. The organization was established in 1944. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2020, President & Trustees Of Colby College employed 3,294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, President & Trustees Of Colby College generated $292.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $212.3m during the year ending 06/2020. While expenses have increased by 3.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, President & Trustees Of Colby College has awarded 52 individual grants totaling $1,118,241. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION: INSTRUCTION OF 2,003 UNDERGRADUATE STUDENTS IN 2019/20. 487 WERE GRADUATED IN THE 2019/20 YEAR. THIS INCLUDES EXPENDITURES FOR FACULTY, DORMITORIES AND DINING, STUDENT AND ACADEMIC SUPPORT SERVICES, CAMPUS MAINTENANCE SERVICES AND OTHER RELATED COSTS.
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President & Trustees Of Colby College Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greene David A President | OfficerTrustee | 40 | $1,070,819 |
O'donnell Hugh J Associate VP & Chief Investment Officer | Officer | 40 | $663,703 |
Terp Douglas C Vice President For Administration And CFO | Officer | 40 | $391,978 |
Mcgadney C Andrew Vice President And Dean Of Student Advancement | Officer | 40 | $329,063 |
Uchida Richard Y Vice President, General Counsel And Secretary Of The College | Officer | 40 | $317,386 |
Burrell-Mcrae Karlene Dean Of The College | Officer | 40 | $276,309 |
President & Trustees Of Colby College Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Construction | 6/29/20 | $64,901,274 |
Bon Appetit Management Co Food Services | 6/29/20 | $10,063,623 |
Cianbro Corporation Construction | 6/29/20 | $2,392,440 |
Landry French Construction Co Construction | 6/29/20 | $1,257,646 |
Sasaki Associates Inc Architectural | 6/29/20 | $1,722,392 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,426,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,549,000 |
| Noncash contributions included in lines 1a–1f | $28,699,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,975,000 |
| Total Program Service Revenue | $146,401,000 |
| Investment income | $13,099,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,000 |
| Net Gain/Loss on Asset Sales | $57,633,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,366,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,775 |
| Grants and other assistance to domestic individuals. | $41,859,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,345,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,426,894 |
| Compensation of current officers, directors, key employees. | $2,686,784 |
| Compensation to disqualified persons | $12,593 |
| Other salaries and wages | $65,181,513 |
| Pension plan accruals and contributions | $3,966,000 |
| Other employee benefits | $12,850,000 |
| Payroll taxes | $4,700,000 |
| Fees for services: Management | $12,044,000 |
| Fees for services: Legal | $343,000 |
| Fees for services: Accounting | $244,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,386,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,293,000 |
| Information technology | $3,167,000 |
| Royalties | $0 |
| Occupancy | $6,454,000 |
| Travel | $4,394,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,113,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,296,000 |
| Insurance | $2,551,000 |
| All other expenses | $2,997,225 |
| Total functional expenses | $212,296,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,347,000 |
| Pledges and grants receivable | $184,111,000 |
| Accounts receivable, net | $4,445,469 |
| Loans from Officers, Directors, or Controlling Persons | $134,531 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $888,000 |
| Inventories for sale or use | $1,110,000 |
| Prepaid expenses and deferred charges | $2,507,000 |
| Net Land, buildings, and equipment | $638,761,000 |
| Investments—publicly traded securities | $235,517,000 |
| Investments—other securities | $734,732,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,471,000 |
| Total assets | $1,856,024,000 |
| Accounts payable and accrued expenses | $29,536,000 |
| Grants payable | $0 |
| Deferred revenue | $4,225,000 |
| Tax-exempt bond liabilities | $25,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,498,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,180,000 |
| Total liabilities | $314,439,000 |
| Net assets without donor restrictions | $500,906,000 |
| Net assets with donor restrictions | $1,040,679,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,856,024,000 |
President & Trustees Of Colby College Grants Awarded
Over the last fiscal year, President & Trustees Of Colby College has awarded $96,775 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Waterville, ME PURPOSE: general support | $29,275 |
Waterville, ME PURPOSE: general support | $25,000 |
Waterville, ME PURPOSE: general support | $20,000 |
MID-MAINE GLOBAL FORUM PURPOSE: general support | $12,500 |
Waterville, ME PURPOSE: general support | $10,000 |
President & Trustees Of Colby College Grants Recieved
Over the last fiscal year, we have identified 14 grants that President & Trustees Of Colby College has recieved totaling $43,250.
| Awarding Organization | Amount |
|---|---|
Covenant Foundation New York, NY PURPOSE: See Part IV | $34,000 |
Creaky Dog Foundation Wilmington, DE PURPOSE: FRIENDS OF SOCCER PROGRAM | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,100 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $869,927,000 |
| Earnings | $37,842,000 |
| Admin Expense | $7,386,000 |
| Net Contributions | $21,646,000 |
| Other Expense | $28,714,000 |
| Grants | $14,992,000 |
| Ending Balance | $878,323,000 |
President & Trustees Of Colby College Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bowdoin College Brunswick, ME | $2,358,149,000 | $324,967,000 |
President & Trustees Of Colby College Waterville, ME | $1,856,024,000 | $292,366,000 |
President And Trustees Of Bates College Lewiston, ME | $741,026,963 | $168,150,974 |
Saint Anselm College Manchester, NH | $315,292,787 | $136,934,234 |
Franklin Pierce University Rindge, NH | $85,672,978 | $89,944,344 |
New England College Henniker, NH | $97,121,525 | $85,213,907 |
Colby-Sawyer College New London, NH | $106,205,633 | $60,499,117 |
Unity College Unity, ME | $52,974,562 | $31,428,666 |
Thomas College Waterville, ME | $77,306,149 | $32,333,664 |
College Of The Atlantic Bar Harbor, ME | $121,729,056 | $29,827,745 |
Maine College Of Art Portland, ME | $34,539,272 | $23,379,343 |
Northeast Catholic College Warner, NH | $4,719,351 | $3,632,564 |
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