The President and Trustees of Colby College
The President and Trustees of Colby College reported $354.5 million in revenue and $325.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.35 went to program services, $16.72 to management and general costs and $2.93 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 57.5% of the total. The highest compensation it reported for one person was $3,203,132 (President). 249 people received more than $100,000 in reportable compensation. Revenue rose 21% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $325MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $354MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 57.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $3,203,132 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.98% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 249 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 76.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 35 of 36 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePost secondary education: Instruction of 2,407 undergraduate students in 2024/25. In the 2024/25 year, 619 students graduated, and an estimated 364 students studied away. 88% completed the degree within five years; the student/faculty ratio is 10:1
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Director/trustee, officer, 65.0 hrs/week | $2,809,415 | $0 | $393,717 | $3,203,132 |
| Associate VP and Chief Investment Officer Key employee, 50.0 hrs/week | $859,992 | $0 | $61,143 | $921,135 |
| Senior VP and Chief Institutional Advancement Officer Officer, 50.0 hrs/week | $467,431 | $0 | $66,603 | $534,034 |
| Vice President for Administration and Chief Financial Officer Officer, 50.0 hrs/week | $502,640 | $0 | $22,543 | $525,183 |
| VP, Gen Counsel, Secretary of Board Officer, 50.0 hrs/week | $405,369 | $0 | $65,673 | $471,042 |
| Managing Director of Investments Highest compensated employee, 50.0 hrs/week | $447,210 | $0 | $0 | $447,210 |
| Provost and Dean of Faculty Officer, 50.0 hrs/week | $374,483 | $0 | $65,115 | $439,598 |
| Vice President and Chief Human Resources Officer Officer, 50.0 hrs/week | $372,075 | $0 | $43,146 | $415,221 |
249 people received more than $100,000 in reportable compensation from The President and Trustees of Colby College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b36 · 35 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,964
- Volunteers Part I, line 62,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Bon Appetit Management Co Dining services | $13,037,000 |
| LandryFrench Construction Company Construction | $10,915,000 |
| Consigli Construction Co Inc Construction | $5,005,000 |
| Incline Alchemy Inc Technology Consulting | $3,072,000 |
| BrunerCott & Associates Inc Architecture | $2,198,000 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Private foundation grants it received
20 private foundations reported grants to The President and Trustees of Colby College totaling $929K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The President and Trustees of Colby College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The President and Trustees of Colby College, you can publish a response that is linked from this page.
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Of every $100 The President and Trustees of Colby College spent in FY2025, $80.35 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Barnard CollegeNew York, NY · revenue $354M · programs 81.6% · FY2025
- Loma Linda University Shared ServicesSan Bernardino, CA · revenue $358M · programs 50.8% · FY2025
- Association of American Medical CollegesWashington, DC · revenue $354M · programs 87.3% · FY2025
- Suffolk UniversityBoston, MA · revenue $359M · programs 85.0% · FY2025
- Trinity UniversitySan Antonio, TX · revenue $351M · programs 79.9% · FY2025
Questions people ask
How much of The President and Trustees of Colby College's spending goes to programs?
In the fiscal year ending June 30, 2025, The President and Trustees of Colby College reported that 80.3% of its $325.2 million in expenses went to program services, 16.7% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does The President and Trustees of Colby College pay its top executive?
The largest total compensation The President and Trustees of Colby College reported for one person in the fiscal year ending June 30, 2025 was $3,203,132, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The President and Trustees of Colby College get its money?
Of $354.5 million in revenue in the fiscal year ending June 30, 2025, 16.6% came from contributions and grants (including 1.3% from government grants) and 57.5% from program service revenue (Form 990, Part VIII).
Is The President and Trustees of Colby College a registered charity?
The IRS lists EIN 01-0211497 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631319349303008 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541329349303094 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421319349300017 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349310385 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349307011 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101329349304880 · read the filing
All filings for EIN 01-0211497: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.