PRESIDENT AND TRUSTEES OF BATES COLLEGE

EIN: 010211781 501(c)(3)

Lewiston, ME

Total Revenue
$192,073,209
Total Expenses
$179,471,899
Total Assets
$880,484,919
Net Assets
$671,678,817
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Financial Trends

Organization Details

Formation Year
1855
Legal Domicile
ME
Principal Officer
Geoffrey S Swift
Phone
2077868339
Tax Period
2022-07-01 to 2023-06-30

PRESIDENT AND TRUSTEES OF BATES COLLEGE is a 501(c)(3) with EIN 010211781, based in Lewiston, ME. Founded in 1855, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $192,073,209 in total revenue and $179,471,899 in total expenses, with net assets of $671,678,817.

Mission

Bates College is a private, highly selective, residential college devoted to undergraduate study in the traditional disciplines of the liberal arts and sciences as well as in emerging interdisciplinary programs.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $31,562,649
Program Service Revenue $143,335,165
Investment Income $17,292,415
Other Revenue $-117,020
TOTAL REVENUE $192,073,209

Expense Breakdown

Grants Paid $38,539,060
Salaries & Benefits $86,929,546
Fundraising Expenses $5,871,372
Program Expenses $154,571,081
Other Expenses $54,003,293
TOTAL EXPENSES $179,471,899

Year-over-Year Comparison

2022 2021 Change
Revenue $192,073,209 $197,954,547 0.0%
Expenses $179,471,899 $172,460,011 +0.0%
Net Income $12,601,310 $25,494,536 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
29
Employees
2326
Volunteers
3115

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,052,731
Total Directors
30
$667,255
Key Employees
7
$2,169,361
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A Clayton Spencer President 40
Officer Director
$534,753 $132,502 $667,255
Geoffrey Swift VP Fin & Admin, Treasurer 40
Officer
$332,185 $53,291 $385,476
Joshua McIntosh VP Student Affairs, Dean of Students 40
Key Emp
$288,305 $56,907 $345,212
Malcolm Hill VP for Academic Affairs and Dean of the Faculty 40
Key Emp
$274,983 $65,032 $340,015
Sarah Pearson Vice President, College Advancement 40
Key Emp
$294,373 $38,848 $333,221
Eric Foushee Associate VP for College Advancement 40
Key Emp
$244,146 $72,433 $316,579
Leigh Weisenburger Dean of Admission and Financial Aid 40
Key Emp
$219,018 $75,482 $294,500
Patricia Schoknecht VP for Information & Library Services 40
Key Emp
$225,328 $65,027 $290,355
Jason Fein Director of Athletics 40
Highest
$217,659 $67,976 $285,635
Michael Hussey VP Institutional Affairs and Secretary to the Board of Trustees 40
Key Emp
$183,523 $65,956 $249,479
Christine Schwartz Assoc VP Dining Conferences Campus Events 40
Highest
$185,352 $46,073 $231,425
Marcus Bruce Professor 40
Highest
$174,449 $53,920 $228,369
Steven Dillon Professor 40
Highest
$174,421 $52,847 $227,268
Barry Lawson Professor 40
Highest
$177,165 $41,787 $218,952
Kathryn Low Professor 40
$148,375 $45,240 $193,615
Kelli J Armstrong Board Member 1
Director
$0 $0 $0
Chris Barbin Board Member 1
Director
$0 $0 $0
Lisa B Barry Board Member 1
Director
$0 $0 $0
Andrea C Bueschel Board Member 1
Director
$0 $0 $0
Erica Bullard Board Member 1
Director
$0 $0 $0
Ann E Bushmiller Board Member 1
Director
$0 $0 $0
Gregory A Ehret Board Member 1
Director
$0 $0 $0
Katherine Segal Frekko Board Member 1
Officer Director
$0 $0 $0
John D Gillespie Board Member 1
Director
$0 $0 $0
Karen A Gordon Board Member 1
Director
$0 $0 $0
Evelynn M Hammonds Board Member 1
Director
$0 $0 $0
Erik O Jarnryd Board Member 1
Director
$0 $0 $0
Stacey L Kelly Board Member 1
Director
$0 $0 $0
David W Longdon III Board Member 1
Director
$0 $0 $0
Mark D Mandel Board Member 1
Director
$0 $0 $0
Lance Matthiesen Board Member 1
Director
$0 $0 $0
Judith B Miller Board Member 1
Director
$0 $0 $0
Terrence J Murray Board Member 1
Director
$0 $0 $0
Stacey A Rizza Board Member 1
Director
$0 $0 $0
Benjamin E Robinson III Board Member 1
Director
$0 $0 $0
Michelle A Rosenberg Board Member 1
Director
$0 $0 $0
John T Rossello Jr Board Member 1
Director
$0 $0 $0
Jeremy M Sclar Board Member 1
Director
$0 $0 $0
Emma Sprague Board Member 1
Director
$0 $0 $0
Anne K Wade Board Member 1
Director
$0 $0 $0
Melissa Wilcox Yanagi Board Member 1
Director
$0 $0 $0
Jean P Wilson Board Member 1
Director
$0 $0 $0
Garth A L Timoll Board Member 1
Director
$0 $0 $0
Lisa Utzschneider Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $192,073,209 $179,471,899 $880,484,919 $12,601,310
2022 $197,954,547 $172,460,011 $873,174,669 $25,494,536
2021 $193,955,130 $162,267,792 $890,076,823 $31,687,338
2020 $168,150,974 $156,245,987 $741,026,963 $11,904,987
2019 $184,516,788 $158,699,761 $674,304,330 $25,817,027
2018 $163,103,162 $152,208,703 $655,746,273 $10,894,459
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