Colby-Sawyer College

EIN: 020222120 501(c)(3) Education

New London, NH

Total Revenue
$48,161,648
Total Expenses
$46,598,272
Total Assets
$152,944,168
Net Assets
$117,018,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1837
Legal Domicile
NH
Principal Officer
Dean G McCurdy
Phone
6035263000
Tax Period
2024-07-01 to 2025-06-30

Colby-Sawyer College, founded in 1837, is a mid-sized nonprofit in the Education sector that reported $48.2M in total revenue in fiscal year 2024. Expenses of $46.6M left a modest 3% surplus.

Mission

Colby-Sawyer College is a private, independent, residential, college with a mission to offer undergraduate and graduate educational programs based in the liberal arts and health, social, and natural sciences, with a focus on vocational exploration and experiential learning, which prepare students to thrive in, and make a positive impact upon a dynamic, diverse, and interdependent world. Engaged robust partnerships will support students' academic, intellectual, personal and professional growth, align with workforce development needs, and enhance individual and community well-being and resilience. Colby-Sawyer College was founded as an academy in 1837 and has been integrated in higher education since 1928.

Program Service Accomplishments

Program 1
Expenses: $29,193,319 Revenue: $18,992,359

The institution offered a comprehensive, private, liberal arts education, with degrees granted at the associates, bachelors, masters and doctorate level. Traditional undergraduate students in the...

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The institution offered a comprehensive, private, liberal arts education, with degrees granted at the associates, bachelors, masters and doctorate level. Traditional undergraduate students in the bachelor degree programs completed a liberal arts core and chose from nineteen majors and twenty-six minors, many of which focused on pre-professional preparation. All traditional undergraduates were required to complete at least one internship and a senior capstone project. The Class of 2022 reported a 100 percent success rate (employed or in graduate school) six months after graduation. Many of the graduate and professional programs focused on health science related fields that supported regional workforce needs. Graduate and professional programs were offered in person as well as online. Students enrolled in the traditional and graduate nursing programs completed clinical experiences at a hospital classified as a Level 1 trauma center. The institution supported all degree programs with academic support services (library, tutoring, career development) and financial assistance through gifts, grants, endowment income and college resources, which assisted students in financing the cost of their attendance.

Program 2
Expenses: $5,307,478 Revenue: $13,183,127

Auxiliary services provided food service and facilities to students as part of a residential institution; student services provided additional support for athletics, health and counseling, student...

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Auxiliary services provided food service and facilities to students as part of a residential institution; student services provided additional support for athletics, health and counseling, student activities, and student government.

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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 $12,420,636
Program Service Revenue $32,175,486
Investment Income $3,570,739
Other Revenue $-5,213
TOTAL REVENUE $48,161,648

Expense Breakdown

Grants Paid $8,613,544
Salaries & Benefits $18,928,542
Fundraising Expenses $1,064,775
Program Expenses $34,500,797
Other Expenses $19,044,076
TOTAL EXPENSES $46,598,272

Year-over-Year Comparison

2024 2023 Change
Revenue $48,161,648 $47,976,864 +0.0%
Expenses $46,598,272 $44,319,760 +0.1%
Net Income $1,563,376 $3,657,104 -0.6%
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
19
Independent Members
19
Employees
759
Volunteers
60

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
5
$410,083
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa M Hogarty Chair 2.00
Officer Director
$0 $0 $0
Barbara-Jan Wilson Vice Chair 2.00
Officer Director
$0 $0 $0
Jourdain K P Bell Trustee 2.00
Director
$0 $0 $0
Collin D Bray Trustee 2.00
Director
$0 $0 $0
Wendy G Carey Trustee 2.00
Director
$0 $0 $0
Aimee M Claiborne Trustee 2.00
Director
$0 $0 $0
Deborah L Coffin Trustee 2.00
Director
$0 $0 $0
Thomas C Csatari Trustee 2.00
Director
$0 $0 $0
Ann Carroll Harris Trustee 2.00
Director
$0 $0 $0
Amy Hedison Trustee 2.00
Director
$0 $0 $0
Susan MacMichael John Trustee 2.00
Director
$0 $0 $0
Bruce P King Trustee 2.00
Director
$0 $0 $0
Beth Constantinides Meurlin Trustee 2.00
Director
$0 $0 $0
William H Mitchell Trustee 2.00
Director
$0 $0 $0
Margaret V Mulley Trustee 2.00
Director
$0 $0 $0
JoAnn Franke Overfield Trustee 2.00
Director
$0 $0 $0
Susan D Pomerantz Trustee 2.00
Director
$0 $0 $0
Sally Shaw Veitch Trustee 2.00
Director
$0 $0 $0
Stephen Wright Trustee 2.00
Director
$0 $0 $0
Dean G McCurdy President 40.00
Officer
$0 $0 $0
Karen Bonewald VP of Finance & Administration 40.00
Officer
$193,208 $4,839 $198,047
Laura Sykes Past Interim President 40.00
Officer
$192,604 $19,432 $212,036
Eden Wales VP Academic 40.00
Highest
$198,074 $23,140 $221,214
Daniel Parish VP Advancement 40.00
Highest
$165,400 $3,665 $169,065
Valerie Leclair VP Enrollment Management 40.00
Highest
$165,283 $37,782 $203,065
Robin Davis VP Student Development 40.00
Highest
$137,057 $37,156 $174,213
Joan Loftus Associate Dean 40.00
Highest
$154,448 $38,666 $193,114
Susan Stuebner Former President 0.00
$183,386 $19,064 $202,450
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 $48,161,648 $46,598,272 $152,944,168 $1,563,376
2024 $47,976,864 $44,319,760 $144,211,285 $3,657,104
2023 $69,063,751 $63,833,439 $134,968,854 $5,230,312
2022 $70,178,771 $60,469,284 $123,153,780 $9,709,487
2021 $73,333,222 $56,314,928 $126,086,266 $17,018,294
2020 $60,499,117 $55,500,985 $106,205,633 $4,998,132
2019 $58,426,074 $54,451,236 $102,893,055 $3,974,838
2018 $54,612,165 $57,877,912 $99,970,548 $-3,265,747
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