COUNCIL OF INDEPENDENT COLLEGES

EIN: 016004776 501(c)(3)

WASHINGTON, DC

Total Revenue
$22,332,825
Total Expenses
$20,535,984
Total Assets
$89,045,141
Net Assets
$69,421,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
ME
Principal Officer
MARJORIE HASS
Phone
2024667230
Tax Period
2024-07-01 to 2025-06-30

COUNCIL OF INDEPENDENT COLLEGES, founded in 1957, is a mid-sized nonprofit that reported $22.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $20.5M left a modest 8% surplus.

Mission

THE COUNCIL OF INDEPENDENT COLLEGES IS AN ASSOCIATION OF NONPROFIT INDEPENDENT COLLEGES AND UNIVERSITIES, STATE- BASED COUNCILS OF INDEPENDENT COLLEGES, AND OTHER HIGHER EDUCATION AFFILIATES, THAT WORKS TO SUPPORT COLLEGE AND UNIVERSITY LEADERSHIP, ADVANCE INSTITUTIONAL EXCELLENCE, AND ENHANCE PUBLIC UNDERSTANDING OF PRIVATE HIGHER EDUCATION'S CONTRIBUTIONS TO SOCIETY. CIC IS THE MAJOR NATIONAL ORGANIZATION THAT FOCUSES ON PROVIDING SERVICES TO LEADERS OF INDEPENDENT COLLEGES AND UNIVERSITIES. CIC OFFERS CONFERENCES, SEMINARS, AND OTHER PROGRAMS THAT HELP INSTITUTIONS IMPROVE EDUCATIONAL QUALITY, ADMINISTRATIVE AND FINANCIAL PERFORMANCE, STUDENT OUTCOMES, AND INSTITUTIONAL VISIBILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,363,785
Program Service Revenue $2,648,762
Investment Income $6,320,278
Other Revenue $0
TOTAL REVENUE $22,332,825

Expense Breakdown

Grants Paid $6,663,845
Salaries & Benefits $6,336,391
Fundraising Expenses $1,276,821
Program Expenses $16,303,193
Other Expenses $7,535,748
TOTAL EXPENSES $20,535,984

Year-over-Year Comparison

2024 2023 Change
Revenue $22,332,825 $19,879,223 +0.1%
Expenses $20,535,984 $17,660,980 +0.2%
Net Income $1,796,841 $2,218,243 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
24
Independent Members
23
Employees
38
Volunteers
48

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
8
$1,394,928
Total Directors
30
$870,773
Key Employees
5
$1,302,516
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARJORIE HASS PRESIDENT 40.00
Officer Director
$787,804 $82,969 $870,773
JEFF ABERNATHY CHAIR - UNTIL 01/25 2.00
Officer Director
$0 $0 $0
HARRY DUMAY SECRETARY - UNTIL 01/25, CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA A FARLEY PAST CHAIR 2.00
Officer Director
$0 $0 $0
KATIE CONBOY DIRECTOR - UNTIL 01/25, SECRETARY 2.00
Officer Director
$0 $0 $0
ELIZABETH MACLEOD WALLS TREASURER 2.00
Officer Director
$0 $0 $0
ROBIN E BAKER DIRECTOR 2.00
Director
$0 $0 $0
AMINE BENSAID DIRECTOR - UNTIL 01/25 2.00
Director
$0 $0 $0
DAVID BUSHMAN DIRECTOR - UNTIL 01/25 2.00
Director
$0 $0 $0
SCOTT CASEY DIRECTOR - UNTIL 01/25 2.00
Director
$0 $0 $0
ANDREA E CHAPDELAINE DIRECTOR 2.00
Director
$0 $0 $0
LA JERNE T CORNISH DIRECTOR 2.00
Director
$0 $0 $0
PAUL DIMITRUK DIRECTOR 2.00
Director
$0 $0 $0
MONTSERRAT FUENTES DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN E HARRING DIRECTOR 2.00
Director
$0 $0 $0
TREVA HAUGAARD DIRECTOR 2.00
Director
$0 $0 $0
ROBERT D KELLY DIRECTOR 2.00
Director
$0 $0 $0
MARY B MARCY DIRECTOR 2.00
Director
$0 $0 $0
AMY MCCORMACK DIRECTOR - UNTIL 01/25 2.00
Director
$0 $0 $0
SUMMER J MCGEE DIRECTOR 2.00
Director
$0 $0 $0
MILTON C MORLAND DIRECTOR - UNTIL 01/25 2.00
Director
$0 $0 $0
AJAY NAIR DIRECTOR 2.00
Director
$0 $0 $0
CHARLES POLLAND DIRECTOR 2.00
Director
$0 $0 $0
ISABEL ROCHE DIRECTOR 2.00
Director
$0 $0 $0
PAUL R TAYLOR DIRECTOR 2.00
Director
$0 $0 $0
JAMES A TROHA DIRECTOR 2.00
Director
$0 $0 $0
SUZANNE E WALSH DIRECTOR 2.00
Director
$0 $0 $0
LORI S WHITE DIRECTOR 2.00
Director
$0 $0 $0
EVANS P WHITTAKER DIRECTOR 2.00
Director
$0 $0 $0
JAMEL SC WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
ROBERT POWERS DIRECTOR OF FINANCE 40.00
Officer
$163,053 $31,097 $194,150
CHRISTOPH KUNKEL SR. VICE PRESIDENT & CHIEF OF STAFF 40.00
Officer
$271,280 $58,725 $330,005
TITI UFOMATA SR. VICE PRES. FOR ACADEMIC PROGRAMS 40.00
Key Emp
$263,487 $66,870 $330,357
MATTHEW TRAINUM VICE PRESIDENT FOR NETWORKS 40.00
Key Emp
$223,518 $38,012 $261,530
SUSAN JENKINS VICE PRESIDENT FOR COMMUNICATIONS 40.00
Key Emp
$185,723 $56,496 $242,219
ALLISON BLACKBURN DIRECTOR OF CONFERENCES 40.00
Key Emp
$196,532 $56,620 $253,152
JEFF WOODS VICE PRESIDENT FOR MEMBER ENGAGEMENT 40.00
Key Emp
$191,796 $23,462 $215,258
STEPHEN GIBSON DIRECTOR OF PROGRAMS 40.00
Highest
$128,602 $41,860 $170,462
KEITH A WALLACE DIRECTOR OF ADMINISTRATION 40.00
Highest
$126,264 $54,501 $180,765
PHILIP KATZ DIRECTOR OF PROJECTS 40.00
Highest
$136,103 $29,884 $165,987
SAMANTHA SABALIS SR. DIR. OF FDN RELATIONS 40.00
Highest
$125,133 $28,349 $153,482
ELLEN PETERS DIRECTOR OF STRATEGIC RESEARCH 40.00
Highest
$136,703 $46,514 $183,217
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
2025 $22,332,825 $20,535,984 $89,045,141 $1,796,841
2024 $19,879,223 $17,660,980 $88,051,675 $2,218,243
2023 $16,305,848 $17,098,412 $88,292,444 $-792,564
2022 $18,516,750 $17,586,555 $70,527,086 $930,195
2021 $16,022,776 $11,487,516 $87,976,134 $4,535,260
2020 $12,399,028 $13,371,179 $74,304,856 $-972,151
2019 $14,057,152 $14,246,845 $76,690,386 $-189,693
2018 $23,841,672 $14,261,503 $67,096,872 $9,580,169
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