Cambridge College Inc

Organization Overview

Cambridge College Inc is located in Boston, MA. The organization was established in 1975. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2021, Cambridge College Inc employed 655 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge 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 08/2021, Cambridge College Inc generated $41.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $42.6m during the year ending 08/2021. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF CAMBRIDGE COLLEGE IS TO PROVIDE ACADEMICALLY EXCELLENT (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR MORE THAN 45 YEARS CAMBRIDGE COLLEGE HAS BEEN A LEADER AND PIONEER IN ADULT LEARNING. WITH A MAIN CAMPUS IN BOSTON, MASSACHUSETTS, AND FOUR REGIONAL LOCATIONS NATIONWIDE, WE PROVIDE ACADEMICALLY EXCELLENT, TIME-EFFICIENT, AND AFFORDABLE HIGHER EDUCATION TO A DIVERSE POPULATION OF ADULT LEARNERS. OUR MORE THAN 450 FULL-TIME AND PART-TIME FACULTY ARE SCHOLAR-PRACTITIONERS WHO BRING THEIR EXPERIENCE INTO THE CLASSROOM. EACH YEAR, WE ENROLL OVER 4,200 STUDENTS IN OUR UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREE PROGRAMS AND CERTIFICATE OF ADVANCED GRADUATE STUDIES PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Focus Edusolutions Inc
Consulting
$466,895
Iron Bridge Resources Llc
Temp Staff
$228,307
Collegiate Enterprise Solutions Llc
Consulting
$341,889
Rose Law Partners Llp
Legal
$192,549
Northeast Security Inc
Security
$168,487
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,550,123
All other contributions, gifts, grants, and similar amounts not included above$749,967
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,300,090
Total Program Service Revenue$27,540,161
Investment income $1,231,910
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $185,551
Net Gain/Loss on Asset Sales $4,247,869
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,615,020

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Cambridge College Inc has recieved totaling $571,940.

Awarding OrganizationAmount
Davis Educational Foundation

Yarmouth, ME

PURPOSE: Pillars of Online Teaching Success: Master Course Certification Program

$184,729
Lynch Foundation

Boston, MA

PURPOSE: SCHOLARSHIP SUPPORT

$125,461
Liberty Mutual Foundation Inc

Boston, MA

PURPOSE: CHARLESTOWN HIGH SCHOOL EARLY COLLEGE FOR STEM

$55,000
Liberty Mutual Foundation Inc

Boston, MA

PURPOSE: CHARLESTOWN HIGH SCHOOL EARLY COLLEGE FOR STEM

$55,000
Dorot Foundation

Providence, RI

PURPOSE: GENERAL OPERATING

$50,000
Dorot Foundation

Providence, RI

PURPOSE: GENERAL OPERATING

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$61,023,483
Earnings$6,715,343
Other Expense$9,024,746
Grants$405,776
Ending Balance$58,308,304

Peer Organizations

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$119,718,125
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$122,635,159
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$116,112,495
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$135,635,048
Regis College
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$107,679,867
St Francis College
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$89,705,791
Utica University
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$105,142,781
College Of Mount Saint Vincent
Riverdale, NY
$110,010,056
Manhattanville College
Purchase, NY
$90,666,523
Gordon College
Wenham, MA
$107,400,748
Franklin Pierce University
Rindge, NH
$91,004,046
Lasell University
Newton, MA
$85,290,352

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