Connecticut College

Organization Overview

Connecticut College is located in New London, CT. The organization was established in 1935. 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, Connecticut College employed 1,932 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut 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, Connecticut College generated $152.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $163.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNDERGRADUATE INSTRUCTIONTHE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE COLLEGE'S ACADEMIC PROGRAMS IN THE ARTS, HUMANITIES, SCIENCES, AND SOCIAL SCIENCES ARE DESIGNED TO SHAPE ETHICAL, INFORMED CITIZENS WITH A GLOBAL PERSPECTIVE. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A STUDENT-FACULTY RATIO OF 9:1, FORTY-EIGHT MAJORS, 200 FULL-TIME PROFESSORS, LANGUAGE STUDY, RESIDENTIAL EDUCATION PROGRAMS, CERTIFICATE PROGRAMS, PRE-LAW, PRE-HEALTH AND PRE-BUSINESS PROGRAMS, AND SUPPORT FOR PURSUING FELLOWSHIPS AND SCHOLARSHIPS.


AUXILIARY SERVICESAUXILIARY SERVICES INVOLVES RUNNING THE COLLEGE'S NUMEROUS DORMITORIES AND DINING FACILITIES. CONNECTICUT COLLEGE IS A RESIDENTIAL CAMPUS. NINETY-EIGHT PERCENT OF STUDENTS LIVE ON CAMPUS IN 23 RESIDENCE HALLS. FOUR DINING HALLS ON CAMPUS SERVE OUR STUDENTS IN A VARIETY OF CAPACITIES. THE COLLEGE EXTENDS THE TEACHING AND LEARNING EXPERIENCE WITHIN THE DORMITORIES.


STUDY AWAYIS AN OPPORTUNITY FOR QUALIFIED STUDENTS TO STUDY AWAY FOR CREDIT ABROAD OR ELSEWHERE IN THE US. THE COLLEGE HAS A LONG TRADITION OF RECOGNIZING THE IMPORTANCE OF INT'L STUDIES AND STUDY AWAY AS REFLECTED IN OUR MISSION STATEMENT: "CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY". APPROXIMATELY 50% OF THE COLLEGE'S STUDENTS STUDY AWAY DURING THEIR JUNIOR YEAR THROUGH CAREFULLY SELECTED PROGRAMS. OUR STUDY AWAY/TEACH AWAY SENDS 10-12 STUDENTS AND FACULTY TO HOST INSTITUTIONS THROUGHOUT THE WORLD TO COMPLETE A FULL SEMESTER OF SCHOLARLY ACTIVITY WHILE BEING IMMERSED IN THE LOCAL CULTURE. *DUE TO THE COVID PANDEMIC IN FISCAL YEAR 2021, THE STUDY AWAY PROGRAM WAS TEMPORARILY HALTED*


OTHER PROGRAM SERVICES OTHER PROGRAM SERVICES INCLUDE ALUMNI AND REUNION, FEDERAL AND STATE GRANT EXPENSES, CHEFA AMORTIZATION INTEREST AND FEES, PHYSICAL PLANT COSTS, DEPRECIATON, AND ADMINISTRATIVE COMPUTING COSTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ennead Architects Llp
Architect Firm
$700,000
Cambridge Associates Llc
Investment Advisors
$628,000
Colliers Project Leaders Usa Ne Llc
Consultants
$311,000
Wiggin And Dana
Attorney
$256,000
Kpmg Llp
Audit Firm
$167,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$15,560,000
Investment income $1,155,000
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,000
Net Gain/Loss on Asset Sales $3,770,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,696,000

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Connecticut College has recieved totaling $94,726.

Awarding OrganizationAmount
Francis W Starkweather Tr Ua

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$34,639
Putnam Family Foundation Inc

Cobleskill, NY

PURPOSE: EQUITY & INCLUSION ACTION PLAN

$20,000
James F Bell Foundation

Minneapolis, MN

PURPOSE: GENERAL OPERATIONS

$8,000
Hamilton M Smyser Tr Uw 30-1062405

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$7,587
New England Society In The City Of Brooklyn

Brooklyn, NY

PURPOSE: SCHOLARSHIP FOR KAYLA TAVAREZ

$6,000
Kcs Pacific Foundation Inc

Wilmington, DE

PURPOSE: FOREIGN STUDENT SCHOLARSHIP FUND

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$316,270,000
Earnings$118,159,000
Net Contributions$15,353,000
Other Expense$7,892,000
Grants$7,337,000
Ending Balance$434,553,000

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