Champlain College Inc
- Assets
- $240.8m
- Revenue
- $119.7m
- Investments
- $2.6m
- Employees
- 1,620
- Location
- Burlington, VT
- Founding
- 04/1968
- Data as of
- 06/2021
- EIN
- 03-0220266
Organization Overview
Champlain College Inc is located in Burlington, VT. The organization was established in 1968. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Champlain College Inc employed 1,620 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain College Inc 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 06/2021, Champlain College Inc generated $119.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $124.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHAMPLAIN COLLEGE EDUCATES ADAPTABLE THINKERS, DARING CHANGE-MAKERS, AND INCLUSIVE INNOVATORS WHO SHAPE PROFESSIONS AND INSPIRE COMMUNITIES.
Describe the Organization's Program Activity:
UNDERGRADUATE PROGRAM- THE COLLEGE HAS FIVE UNDERGRADUATE CAMPUS DIVISIONS, INCLUDING BUSINESS, COMMUNICATION & CREATIVE MEDIA, EDUCATION & HUMAN STUDIES, INFORMATION TECHNOLOGY & SCIENCES, AND CORE. WITHIN THE UNDERGRADUATE CAMPUS DIVISIONS, THE COLLEGE HAS TEN CENTERS OF EXPERIENCE INCLUDING THE CENTER FOR INNOVATION AND ENTREPRENEURSHIP, THE CENTER FOR FINANCIAL LITERACY, THE LEAHY CENTER, THE EMERGENT MEDIA CENTER, THE CENTER FOR PUBLISHING, THE CENTER FOR SERVICE AND SUSTAINABILITY, MAKERSPACE, THE CENTER FOR MEDIATION AND DIALOGUE, THE DAVID L. COOPERRIDER CENTER FOR APPRECIATIVE INQUIRY AND THE WOMEN'S AND GENDER CENTER. EACH CENTER CONNECTS CHAMPLAIN TO THE GREATER BURLINGTON COMMUNITY AND THE WORLD THROUGH ITS SPECIFIC SKILL SET AND EXPERTISE, TURNING THEORY INTO PRACTICE. THE CENTERS ENTRUST STUDENTS WITH RESPONSIBILITY, ENGAGE THEM IN AMBITIOUS GOALS AND EMPOWER THEM WITH LEADERSHIP QUALITIES, SUCH AS CREATIVITY, CONFIDENCE, INSIGHT AND INTEGRITY. THE COLLEGE CURRENTLY HAS ABOUT 1,800 TRADITIONAL UNDERGRADUATE STUDENTS ENROLLED IN EDUCATIONAL PROGRAMS WHICH LEAD TO ASSOCIATE AND BACHELOR DEGREES.
AUXILIARY ENTERPRISES- RESIDENTIAL LIFE AT CHAMPLAIN COLLEGE INCLUDES 20 TRADITIONAL RESIDENCE HALLS AND 9 APARTMENT STYLE HOUSING COMPLEXES, EACH WITH DISTINCTIVE ARCHITECTURAL FEATURES. EACH RESIDENCE HAS A COMMUNITY-ORIENTED ATMOSPHERE. THIS SETTING HELPS CREATE MUCH CLOSER AND LONGER-LASTING RELATIONSHIPS, SOMETHING THAT DIFFERENTIATES CHAMPLAIN. AT CHAMPLAIN, YOU'LL FIND VICTORIAN-ERA MANSIONS WITH CURVED STAIRCASES, CAREFULLY RESTORED WOODWORK AND EXPANSIVE WINDOWS LOOKING OUT OVER LAKE CHAMPLAIN AND THE ADIRONDACK MOUNTAINS. THE COLLEGE HAS ADDED 275 BEDS ON MAIN CAMPUS SINCE 2013 AND ADDED 314 BEDS IN AN ATTRACTIVE DOWNTOWN LOCATION. CHAMPLAIN BELIEVES THAT PROVIDING HOUSING ENABLES THE COLLEGE TO PROVIDE STUDENTS WITH A MORE WELL-ROUNDED EDUCATIONAL EXPERIENCE. THE COLLEGE OPERATES A CONFERENCE AND EVENT CENTER WHICH OFFERS A VENUE FOR SPECIAL EVENTS, MEETINGS AND CONFERENCES. ADDITIONALLY, THE COLLEGE'S BOOK STORE AND FOOD SERVICE IS OFFERED FOR THE STUDENTS (PRIMARILY FOR THE RESIDENTIAL CAMPUS COMMUNITY). AS A RESULT OF THE CORONOVIRUS DISEASE OF 2019 (COVID-19), THE COLLEGE ASSUMED A MODIFIED REOPENING OF CAMPUS FOR THE 2020-2021 ACADEMIC YEAR. THE COLLEGE'S COVID-19 MITIGATION PLANS WERE EXTENSIVE AND COMPREHENSIVE TO COMPLY WITH STATE AND FEDERAL GUIDANCE ON SOCIAL DISTANCING MEASURES. THE COLLEGE'S DECISIONS INCLUDED SIGNIFICANT REDUCTION OF RESIDENCE IN ROOMS TO PRIMARILY SINGLE OCCUPANCY, REDUCED DINING CAPACITY AND NO EVENTS CENTER OR CONFERENCE ACTIVITIES.
GRADUATE AND CHAMPLAIN COLLEGE ONLINE (CCO)- THE MISSION OF CHAMPLAIN'S GRADUATE STUDIES IS TO PROVIDE CURRENT AND ASPIRING PROFESSIONALS WITH INNOVATIVE PROGRAMS THAT EMBRACE REFLECTIVE LEARNING, EXPAND PROFESSIONAL EXPERTISE, INSPIRE CREATIVE AND CRITICAL THINKING, AND INFUSE THE JOY OF LIFELONG LEARNING. STUDENTS CAN ENROLL IN ONE OF THE FOLLOWING GRADUATE PROGRAMS, OFFERING MASTER DEGREES IN BUSINESS ADMINISTRATION, DIGITAL FORENSIC SCIENCE, INFORMATION SECURITY OPERATIONS, HEALTHCARE MANAGEMENT, EXECUTIVE LEADERSHIP, HUMAN RELATIONS & ORGANIZATION DEVELOPMENT AND EARLY CHILDHOOD EDUCATION. CHAMPLAIN COLLEGE ONLINE (CCO) OFFERS ADULT ONLINE ASSOCIATE, BACHELOR'S, AND MASTERS DEGREE PROGRAMS IN FIELDS WITH HIGH EMPLOYMENT GROWTH. CCO PROGRAMS ARE TAILORED TO THE NEEDS OF AN ADULT STUDENT POPULATION; THEY TAKE INTO ACCOUNT THE VALUE OF PRIOR EDUCATION AND PROFESSIONAL EXPERIENCES. CCO ALSO HOUSES THE COLLEGE'S TRUED PROGRAM. TRUED IS A BOLD REIMAGING OF WORKFORCE DEVELOPMENT THAT CREATES OPPORTUNITIES FOR ADULTS TO FURTHER THEIR EDUCATION IN CHAMPLAIN COLLEGE'S AWARD-WINNING ONLINE ACADEMIC PROGRAMS AND BRINGS TALENT MANAGEMENT AND FORWARD-THINKING WORKFORCE DEVELOPMENT SOLUTIONS TO EMPLOYERS. THROUGH STRATEGIC ALLIANCES WITH LEADING ORGANIZATIONS IN GOVERNMENT AND INDUSTRY, CHAMPLAIN COLLEGE ONLINE DELIVERS AN AFFORDABLE, ACCESSIBLE AND IMMEDIATELY APPLICABLE HIGHER EDUCATION TO HELP EMPLOYEES GAIN THE SKILLS AND KNOWLEDGE NEEDED TO ENHANCE THEIR CAREERS AND ACHIEVE THEIR ORGANIZATION'S BUSINESS OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Quinn Interim President | 40 | $443,348 | |
Benjamin Akande President | OfficerTrustee | 40 | $268,007 |
Lisa Bunders Vice President | Officer | 40 | $231,597 |
Shelley Navari Vice President | Officer | 40 | $202,097 |
Scott Baker Dean | 40 | $189,627 | |
Angela Batista Vice President | Officer | 40 | $189,296 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service | 6/29/21 | $2,314,136 |
Cbmvt Llc Custodial | 6/29/21 | $680,458 |
Google Llc Advertising | 6/29/21 | $886,104 |
Clinical Research Sequencing Platfo Covid-19 Testing | 6/29/21 | $1,042,500 |
Unbridled Connect Llc Consultant | 6/29/21 | $1,381,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,110,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,217,349 |
| Noncash contributions included in lines 1a–1f | $382,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,328,004 |
| Total Program Service Revenue | $106,619,486 |
| Investment income | $2,004,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $222,749 |
| Net Gain/Loss on Asset Sales | $558,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,718,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,993,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $409,293 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,039,836 |
| Compensation of current officers, directors, key employees. | $1,806,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,082,149 |
| Pension plan accruals and contributions | $384,304 |
| Other employee benefits | $5,946,500 |
| Payroll taxes | $2,834,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $443,255 |
| Fees for services: Accounting | $163,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,827 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,298,788 |
| Office expenses | $687,535 |
| Information technology | $2,245,991 |
| Royalties | $0 |
| Occupancy | $4,372,418 |
| Travel | $209,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,338,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,323,379 |
| Insurance | $754,850 |
| All other expenses | $3,325,352 |
| Total functional expenses | $124,092,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,734,048 |
| Pledges and grants receivable | $1,802,746 |
| Accounts receivable, net | $1,639,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,049,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,477,396 |
| Net Land, buildings, and equipment | $139,727,101 |
| Investments—publicly traded securities | $69,724,935 |
| Investments—other securities | $2,628,682 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,784,775 |
| Accounts payable and accrued expenses | $8,090,114 |
| Grants payable | $0 |
| Deferred revenue | $6,653,327 |
| Tax-exempt bond liabilities | $66,813,369 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $141,110 |
| Unsecured mortgages and notes payable | $4,232,751 |
| Other liabilities | $1,721,790 |
| Total liabilities | $87,652,461 |
| Net assets without donor restrictions | $117,779,540 |
| Net assets with donor restrictions | $35,352,774 |
| 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 | $240,784,775 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Champlain College Inc has recieved totaling $1,350.
| Awarding Organization | Amount |
|---|---|
William Searls Scholarship Foundation Damariscotta, ME PURPOSE: SCHOLARSHIP | $850 |
Kilkea Foundation Inc New York, NY PURPOSE: TUITION | $500 |
Endowment Analysis
| Beg. Balance | $23,894,478 |
| Earnings | $6,528,189 |
| Net Contributions | $415,116 |
| Other Expense | $670,929 |
| Grants | $481,716 |
| Ending Balance | $29,685,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |
Merrimack College North Andover, MA | $325,006,014 | $259,690,431 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |