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Saint Michael's College

Colchester, VT · EIN 03-0179403 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Saint Michael's College reported $94.5 million in revenue and $109.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.34 went to program services, $9.41 to management and general costs and $2.25 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.9% of the total. The highest compensation it reported for one person was $477,649 (PRESIDENT/TRUSTEE). 11 people received more than $100,000 in reportable compensation. Revenue fell 12% 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 $110M

For 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 $94M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
88.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.3%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.32$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
8.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
2.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
81.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$477,649$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.44%1.28%
People paid over $100,000
Part VII, line 2
118
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.413.3
Independent voting board members
Part VI 1a–1b
27 of 28100.0%

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 expense
$65M expenses · 67.1% of program spending · grants $39M · revenue $58M

Academic program and financial aid

$15M expenses · 15.8% of program spending · revenue $17M

Auxiliary enterprises

$17M expenses · 17.1% of program spending

Student services

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/TRUSTEE
Director/trustee, officer, 40.00 hrs/week
$383,500$0$94,149$477,649
VP FOR STUDENT AFFAIRS
Key employee, 40.00 hrs/week
$189,844$0$50,123$239,967
VP FOR FINANCE/TREASURER
Officer, 40.00 hrs/week
$188,169$0$43,545$231,714
VP ACADEMIC AFFAIRS
Key employee, 40.00 hrs/week
$189,902$0$35,866$225,768
PROFESSOR OF RELIGIOUS STUDIES
Highest compensated employee, 40.00 hrs/week
$159,007$0$34,880$193,887
PROFESSOR PSYCHOLOGY
Highest compensated employee, 40.00 hrs/week
$150,166$0$35,847$186,013
PROFESSOR MATHEMATICS
Highest compensated employee, 40.00 hrs/week
$141,140$0$39,050$180,190
PROFESSOR POLITICAL SCIENCE
Highest compensated employee, 40.00 hrs/week
$158,428$0$20,924$179,352

11 people received more than $100,000 in reportable compensation from Saint Michael's College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$94M$110M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$94M$110M88.3%$114M$477,649
FY2024 ⓘ$98M$108M90.0%$128M$559,636
FY2023 ⓘ$96M$107M87.1%$132M$487,500
FY2022 ⓘ$109M$108M87.0%$143M$498,932
FY2021 ⓘ$111M$104M87.4%$153M$505,572
FY2020 ⓘ$107M$108M88.3%$123M$471,832

Governance 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–1b28 · 27 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 11aNo
  • 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 26No
  • 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 51,172
  • Volunteers Part I, line 61,051

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
KJ CONSTRUCTION
General contractor
$1,752,490
OMADA TECHNOLOGIES LLC
It consultant
$632,220
BENOIT ELECTRIC
Electrical contractor
$474,225
PREMIER COACH CO INC
Charter services
$393,244
EAB GLOBAL INC
Consulting services
$392,483

Individuals listed as contractors are left out. 22 contractors were paid more than $100,000 in all.

Private foundation grants it received

21 private foundations reported grants to Saint Michael's College totaling $224K 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 Saint Michael's 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 Saint Michael's College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Vermont

Questions people ask

How much of Saint Michael's College's spending goes to programs?

In the fiscal year ending June 30, 2025, Saint Michael's College reported that 88.3% of its $109.6 million in expenses went to program services, 9.4% to management and general and 2.3% to fundraising (Form 990, Part IX).

How much does Saint Michael's College pay its top executive?

The largest total compensation Saint Michael's College reported for one person in the fiscal year ending June 30, 2025 was $477,649, for the role of PRESIDENT/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Saint Michael's College get its money?

Of $94.5 million in revenue in the fiscal year ending June 30, 2025, 8.1% came from contributions and grants (including 2.2% from government grants) and 81.9% from program service revenue (Form 990, Part VIII).

Is Saint Michael's College a registered charity?

The IRS lists EIN 03-0179403 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 202611349349305641 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349309806 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349311220 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341309349304784 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349309047 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101309349301930 · read the filing

All filings for EIN 03-0179403: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.