Boston College Trustees
- Assets
- $6.3b
- Revenue
- $1.5b
- Investments
- $3.3b
- Employees
- 11,553
- Location
- Chestnut Hill, MA
- Founding
- 12/1982
- Data as of
- 05/2021
- EIN
- 04-2103545
Organization Overview
Boston College Trustees is located in Chestnut Hill, MA. The organization was established in 1982. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Boston College Trustees employed 11,553 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston College Trustees 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 05/2021, Boston College Trustees generated $1.5b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.1b during the year ending 05/2021. While expenses have increased by 3.0% per year over the past 6 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 2016, Boston College Trustees has awarded 53 individual grants totaling $4,374,283. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - INCLUDES EXPENDITURES TO PROVIDE COURSEWORK FOR STUDENTS AND TO PROVIDE FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND FELLOWSHIPS. ENROLLMENTS WERE 15,075 AND THE NUMBER OF DEGREES CONFERRED WAS 4,366.
AUXILIARY SERVICES - INCLUDES EXPENDITURES FOR THE SELF-SUPPORTING ACTIVITIES OF THE UNIVERSITY SUCH AS THE OPERATIONS OF 32 RESIDENCE HALLS, 15 DINING FACILITIES, 31 NCAA DIVISION I ATHLETIC TEAMS, BOOKSTORE AND HEALTH SERVICES.
STUDENT SERVICES AND ACADEMIC SUPPORT - INCLUDES ACTIVITIES OF WHICH THE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO HIS/HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. OPERATED 9 UNIVERSITY LIBRARY FACILITIES CONTAINING OVER 3.326 MILLION VOLUMES, OVER 51 THOUSAND SERIAL SUBSCRIPTIONS, AND OVER 398 THOUSAND GOVERNMENT DOCUMENTS SERVING THE UNIVERSITY AND SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hafley Hc, Football | 40 | $3,057,985 | |
Earl Grant Hc, Bball(as Of 3/21) | 40 | $1,857,901 | |
John J Zona Cio & Assoc Treas | Officer | 40 | $1,198,230 |
James P Christian Hc, Bball(until 2/21) | 40 | $933,595 | |
Frank Cignetti Asst C, Football | 40 | $839,875 | |
Patrick M Kraft Dir Athl(until 6/22) | 40 | $838,951 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee Kennedy Co Inc Construction | 5/30/22 | $8,376,901 |
Harrison Global Llc Transportation | 5/30/22 | $5,379,620 |
Walsh Brothers Inc Construction | 5/30/22 | $8,806,485 |
Metaprocure Dba Consultants | 5/30/22 | $5,033,808 |
Suffolk Construction Company Inc Construction | 5/30/22 | $65,902,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,405,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,291,636 |
| Noncash contributions included in lines 1a–1f | $30,362,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,696,730 |
| Total Program Service Revenue | $929,623,127 |
| Investment income | $53,388,827 |
| Tax Exempt Bond Proceeds | $53,208 |
| Royalties | $556,494 |
| Net Rental Income | -$1,485,403 |
| Net Gain/Loss on Asset Sales | $245,306,843 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,094,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $244,996 |
| Grants and other assistance to domestic individuals. | $242,530,338 |
| Grants and other assistance to Foreign Orgs/Individuals | $180,730 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,812,128 |
| Compensation of current officers, directors, key employees. | $4,958,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,648,125 |
| Pension plan accruals and contributions | $28,540,627 |
| Other employee benefits | $79,963,988 |
| Payroll taxes | $26,088,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,874,751 |
| Fees for services: Accounting | $674,250 |
| Fees for services: Lobbying | $75,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,985,890 |
| Fees for services: Other | $48,493,113 |
| Advertising and promotion | $212,536 |
| Office expenses | $10,622,159 |
| Information technology | $15,236,644 |
| Royalties | $0 |
| Occupancy | $35,691,989 |
| Travel | $6,039,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,111,422 |
| Interest | $45,560,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,997,525 |
| Insurance | $0 |
| All other expenses | $29,441,381 |
| Total functional expenses | $1,148,979,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,315,052 |
| Savings and temporary cash investments | $3,351,385 |
| Pledges and grants receivable | $187,174,775 |
| Accounts receivable, net | $53,737,683 |
| Loans from Officers, Directors, or Controlling Persons | $2,539,015 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $53,505,068 |
| Inventories for sale or use | $315,119 |
| Prepaid expenses and deferred charges | $6,245,942 |
| Net Land, buildings, and equipment | $1,834,870,696 |
| Investments—publicly traded securities | $809,129,841 |
| Investments—other securities | $3,330,680,302 |
| Investments—program-related | $11,071,560 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,311,936,438 |
| Accounts payable and accrued expenses | $234,737,786 |
| Grants payable | $16,757,653 |
| Deferred revenue | $15,411,734 |
| Tax-exempt bond liabilities | $560,992,525 |
| Escrow or custodial account liability | $12,964,007 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,460,000 |
| Unsecured mortgages and notes payable | $716,893,704 |
| Other liabilities | $26,460,177 |
| Total liabilities | $1,585,677,586 |
| Net assets without donor restrictions | $2,043,556,175 |
| Net assets with donor restrictions | $2,682,702,677 |
| 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 | $6,311,936,438 |
Grants Awarded
Over the last fiscal year, Boston College Trustees has awarded $145,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GENERAL SUPPORT | $75,000 |
Sonoma, CA PURPOSE: GENERAL SUPPORT | $50,000 |
FRANCISCAN MISSIONARY SISTERS FOR AFRICA PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Boston College Trustees has recieved totaling $51,320.
| Awarding Organization | Amount |
|---|---|
Fuchs Family Charitable Foundation Inc Dallas, TX PURPOSE: 2022 FUNDING OF FUCHS FAMILY CARROLL SCHOOL OF BUSINESS ENDOWED SCHOLARSHIP | $50,000 |
Fuchs Family Charitable Foundation Inc Dallas, TX PURPOSE: CONTRIBUTION TO CAMPUS SCHOOL FOR SPECIAL NEEDS STUDENTS AT BPSTON COLLEGE | $1,000 |
Turkanis Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Endowment Analysis
| Beg. Balance | $3,761,836,000 |
| Earnings | -$154,729,000 |
| Admin Expense | $3,123,000 |
| Net Contributions | $234,484,000 |
| Other Expense | $92,161,000 |
| Grants | $43,845,000 |
| Ending Balance | $3,702,462,000 |
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 |