Trustees Of The Smith College
- Assets
- $3.5b
- Revenue
- $481.5m
- Investments
- $2.5b
- Employees
- 3,747
- Location
- Northampton, MA
- Founding
- 04/1934
- Data as of
- 06/2021
- EIN
- 04-1843040
Organization Overview
Trustees Of The Smith College is located in Northampton, MA. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Trustees Of The Smith College employed 3,747 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Smith 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 06/2021, Trustees Of The Smith College generated $481.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $292.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trustees Of The Smith College has awarded 46 individual grants totaling $1,748,157. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
*UNDERGRADUATE EDUCATIONAL PROGRAMS* PLEASE SEE SCHEDULE O FOR DETAIL
*THE SCHOOL FOR SOCIAL WORK* PLEASE SEE SCHEDULE O FOR DETAIL
*GRADUATE EDUCATIONAL PROGRAM* PLEASE SEE SCHEDULE O FOR DETAIL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Mccartney President | OfficerTrustee | 40 | $571,700 |
Beth B Raffeld VP For Development | Officer | 40 | $403,685 |
David C Deswert VP For Finance & Admin | Officer | 40 | $293,312 |
Laurie Fenlason VP For Public Affairs | Officer | 40 | $287,574 |
James Gray Avp Facilities & Operations | Officer | 40 | $269,322 |
Marianne Yoshioka Dean Of Ssw | 40 | $260,589 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keiter Building Inc Construction Mgmt | 6/29/21 | $1,877,069 |
Investure Llc Investment Mgmt | 6/29/21 | $8,992,641 |
Allegrone Construction Co Inc Construction Mgmt | 6/29/21 | $2,918,265 |
Shawmut Woodworking And Supply Inc Construction Mgmt | 6/29/21 | $13,701,704 |
Huron Consulting Group Inc Consulting | 6/29/21 | $7,163,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,161,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,281,749 |
| Noncash contributions included in lines 1a–1f | $12,429,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,443,020 |
| Total Program Service Revenue | $143,786,700 |
| Investment income | $10,319,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,301 |
| Net Rental Income | $1,167,558 |
| Net Gain/Loss on Asset Sales | $220,156,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,569 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,505,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $272,423 |
| Grants and other assistance to domestic individuals. | $72,948,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $382,854 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,177,752 |
| Compensation of current officers, directors, key employees. | $2,755,570 |
| Compensation to disqualified persons | $430,041 |
| Other salaries and wages | $97,814,177 |
| Pension plan accruals and contributions | $8,968,075 |
| Other employee benefits | $14,060,301 |
| Payroll taxes | $7,038,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,011,288 |
| Fees for services: Accounting | $446,291 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,625,399 |
| Fees for services: Other | $12,920,339 |
| Advertising and promotion | $142,966 |
| Office expenses | $1,268,671 |
| Information technology | $6,343,710 |
| Royalties | $0 |
| Occupancy | $9,744,998 |
| Travel | $129,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372,967 |
| Interest | $5,681,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,167,752 |
| Insurance | $1,805,318 |
| All other expenses | $1,338,087 |
| Total functional expenses | $292,369,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,401 |
| Savings and temporary cash investments | $129,652,689 |
| Pledges and grants receivable | $87,448,101 |
| Accounts receivable, net | $6,028,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,092,104 |
| Inventories for sale or use | $1,107,673 |
| Prepaid expenses and deferred charges | $10,053,916 |
| Net Land, buildings, and equipment | $597,670,174 |
| Investments—publicly traded securities | $236,970,853 |
| Investments—other securities | $2,462,226,577 |
| Investments—program-related | $2,334,756 |
| Intangible assets | $0 |
| Other assets | $2,439,156 |
| Total assets | $3,541,477,640 |
| Accounts payable and accrued expenses | $27,894,211 |
| Grants payable | $0 |
| Deferred revenue | $6,523,672 |
| Tax-exempt bond liabilities | $72,960,000 |
| Escrow or custodial account liability | $11,744,794 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,574,559 |
| Unsecured mortgages and notes payable | $290,608,562 |
| Other liabilities | $78,428,702 |
| Total liabilities | $489,734,500 |
| Net assets without donor restrictions | $909,042,915 |
| Net assets with donor restrictions | $2,142,700,225 |
| 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 | $3,541,477,640 |
Grants Awarded
Over the last fiscal year, Trustees Of The Smith College has awarded $260,626 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORTHAMPTON PURPOSE: General Support | $100,000 |
TOWN OF WHATELY PURPOSE: General Support | $60,000 |
Northampton, MA PURPOSE: General Support | $55,000 |
Northampton, MA PURPOSE: General Support | $34,083 |
Springfield, MA PURPOSE: General Support | $11,543 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Trustees Of The Smith College has recieved totaling $682,929.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: SCMA FUND FOR COLLECTION STEWARDSHIP AND ACCESS | $400,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: SMITH COLLEGE MUSEUM OF ART ENSURE ACCESS ENDOWMENT FUND | $250,000 |
Winifred C Whiton Trust Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $16,429 |
John E & Sue M Jackson Charitable Trust Pittsburgh, PA PURPOSE: ENGINEERING SCHOLARSHIP | $10,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
The Mclean Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $1,907,178,022 |
| Earnings | $712,279,624 |
| Admin Expense | $638,707 |
| Net Contributions | $33,524,285 |
| Other Expense | $58,374,432 |
| Grants | $34,886,163 |
| Ending Balance | $2,559,082,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |