Marlboro College
- Assets
- $37.8m
- Revenue
- $8.2m
- Investments
- $21.5m
- Employees
- 308
- Location
- Foxborough, MA
- Founding
- 06/1949
- Data as of
- 06/2020
- EIN
- 03-0179593
Organization Overview
Marlboro College is located in Foxborough, MA. The organization was established in 1949. 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, Marlboro College employed 308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marlboro College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Marlboro College generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $17.7m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESPONSIVE, INNOVATIVE UNDERGRADUATE AND GRADUATE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - LOCATED IN MARLBORO AND BRATTLEBORO, VERMONT, THE COLLEGE PROVIDES POST-SECONDARY UNDERGRADUATE LIBERAL ARTS STUDIES AND GRADUATE STUDIES IN MANAGEMENT, TECHNOLOGY AND TEACHING.AFTER YEAR-END, THE COLLEGE NOTIFIED THE U.S DEPARTMENT OF EDUCATION OF ITS INTENT TO CLOSE ON AUGUST 15, 2020.
EDUCATION - LOCATED IN MARLBORO AND BRATTLEBORO, VERMONT, THE COLLEGE PROVIDES POST-SECONDARY UNDERGRADUATE LIBERAL ARTS STUDIES AND GRADUATE STUDIES IN MANAGEMENT, TECHNOLOGY AND TEACHING.AFTER YEAR-END, THE COLLEGE NOTIFIED THE U.S DEPARTMENT OF EDUCATION OF ITS INTENT TO CLOSE ON AUGUST 15, 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin F F Quigley President | OfficerTrustee | 40 | $245,786 |
Richard Glejzer Provost | 40 | $111,083 | |
Rennie Washburn Chief Advancement Officer | 40 | $102,283 | |
Robert Webber Chief Financial Officer | Officer | 40 | $55,289 |
Philip H Steckler Treasurer | OfficerTrustee | 5 | $0 |
Kirsten A Newcomer Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz And Associates Ltd Food Service | 6/29/20 | $753,767 |
Chesapeake Asset Management Llc Investment Manager | 6/29/20 | $141,539 |
Metz And Associates Ltd Food Service | 6/29/20 | $753,767 |
Chesapeake Asset Management Llc Investment Manager | 6/29/20 | $141,539 |
Ernst & Young Us Llp Consulting | 6/29/20 | $475,000 |
White Whale Web Services Inc Web Design And Marketing | 6/29/20 | $188,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,968,463 |
| Investment income | $146,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $305,223 |
| Net Gain/Loss on Asset Sales | -$133,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,202,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,036,403 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $523,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,156,978 |
| Pension plan accruals and contributions | $149,875 |
| Other employee benefits | $1,049,384 |
| Payroll taxes | $547,743 |
| Fees for services: Management | $472,466 |
| Fees for services: Legal | $328,573 |
| Fees for services: Accounting | $117,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $201,901 |
| Fees for services: Other | $641,458 |
| Advertising and promotion | $2,383 |
| Office expenses | $346,426 |
| Information technology | $42,212 |
| Royalties | $0 |
| Occupancy | $559,975 |
| Travel | $195,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,274 |
| Interest | $91,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,814 |
| Insurance | $262,332 |
| All other expenses | $0 |
| Total functional expenses | $17,744,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,336 |
| Savings and temporary cash investments | $3,158,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,097 |
| Prepaid expenses and deferred charges | $7,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,506,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $482,364 |
| Total assets | $37,753,712 |
| Accounts payable and accrued expenses | $142,760 |
| Grants payable | $0 |
| Deferred revenue | $82,291 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,291,095 |
| Total liabilities | $1,516,146 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $36,237,566 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Marlboro College has recieved totaling $283,250.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $122,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $122,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GEN. PURPOSE | $31,750 |
United Way Worldwide Alexandria, VA PURPOSE: General Charitable Operation | $7,500 |
Endowment Analysis
| Beg. Balance | $35,733,063 |
| Earnings | $696,076 |
| Net Contributions | $339 |
| Other Expense | $10,141,135 |
| Ending Balance | $26,288,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albertus Magnus College New Haven, CT | $71,777,424 | $46,097,293 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
Cambridge College Inc Boston, MA | $83,415,943 | $41,615,020 |
College Of Our Lady Of The Elms Chicopee, MA | $76,626,054 | $46,446,695 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |
Cazenovia College Cazenovia, NY | $61,316,762 | $34,879,477 |
Paul Smiths College Of Arts And Sciences Paul Smiths, NY | $83,057,888 | $35,545,491 |
Houghton University Houghton, NY | $128,730,517 | $37,909,785 |
Metropolitan College Of New York New York, NY | $94,231,360 | $30,133,687 |
Kings College New York, NY | $28,690,287 | $25,449,174 |
Wells College Aurora, NY | $79,137,888 | $23,598,312 |
The Trustees Of Anatolia College Boston, MA | $103,946,256 | $27,292,105 |