GORDON COLLEGE

EIN: 042104258 501(c)(3) Education

WENHAM, MA

Total Revenue
$82,553,050
Total Expenses
$82,956,587
Total Assets
$194,941,393
Net Assets
$163,499,423
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Financial Trends

Organization Details

Formation Year
1889
Legal Domicile
MA
Principal Officer
MICHAEL D HAMMOND
Phone
9788674883
Tax Period
2024-07-01 to 2025-06-30

GORDON COLLEGE, founded in 1889, is a mid-sized nonprofit in the Education sector that reported $82.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE COLLEGE HOLDS CERTAIN COLLECTIONS OF WORKS OF ART AND FURNISHINGS. THESE COLLECTIONS ARE HOUSED IN A PROTECTED ENVIRONMENT AND ARE USED FOR EXHIBITION PURPOSES FOR THE PUBLIC, FOR EDUCATION AND RESEARCH, AS WELL AS FOR THE FURTHERANCE OF SERVICE TO THE PUBLIC. THESE COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAINS NOR ARE THEY ENCUMBERED IN ANY MANNER. ACCORDINGLY, THESE COLLECTIONS ARE NOT CAPITALIZED OR RECORDED FOR PURPOSES OF PREPARING THE ACCOMPANYING FINANCIAL STATEMENTS.

Program Service Accomplishments

Program 1
Expenses: $53,055,023 Revenue: $40,748,741

HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN AN UNDERGRADUATE DEGREE, GRADUATE DEGREE, OR GRADUATE...

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HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN AN UNDERGRADUATE DEGREE, GRADUATE DEGREE, OR GRADUATE CERTIFICATE. THE COLLEGE WELCOMES DUAL-ENROLLMENT STUDENTS AND LEARNERS PURSUING PROFESSIONAL DEVELOPMENT AFTER COLLEGE. GORDON COLLEGE IS THE ONLY NONDENOMINATIONAL CHRISTIAN LIBERAL ARTS COLLEGE IN NEW ENGLAND. IT OFFERS 35 MAJORS AND CONFERS 3 DISTINCT UNDERGRADUATE DEGREES: BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1,501 STUDENTS (DEGREE SEEKING AND NON-DEGREE SEEKING) IS DRAWN FROM 43 STATES AND 38 COUNTRIES. GRADUATE ENROLLMENT IN 2024-25 WAS 544 STUDENTS. (CONTINUED IN SCHEDULE O). (CONTINUATION) IN 2024-2025, GORDON COLLEGE ISSUED 317 UNDERGRADUATE DEGREES (WITH A SIX-YEAR GRADUATION RATE OF 71%). GORDON HAD A FACULTY TO STUDENT RATIO OF 11 TO 1 WITH 63% OF THE STUDENTS FROM OUTSIDE MASSACHUSETTS. OF THE 91 FULL-TIME FACULTY, 76% HAVE EARNED A DOCTORATE OR OTHER TERMINAL DEGREE. GORDON COLLEGE STUDENTS CAN TAKE ADVANTAGE OF A WIDE VARIETY OF OFF-CAMPUS PROGRAMS, BOTH DOMESTIC AND ABROAD. DURING 2024-25, 100 STUDENTS PARTICIPATED IN OFF-CAMPUS PROGRAMS AND SHORT-TERM INTERNATIONAL SEMINARS.FORM 990, PART V, LINE 2A: EMPLOYEE BREAKOUT: STAFF - 758 STUDENT - 787 TOTAL - 1545

Program 2
Expenses: $15,423,259 Revenue: $17,723,678

AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER...

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AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER PROGRAMS. THERE WERE 1,131 RESIDENT STUDENTS IN THE FALL SEMESTER 2024 AND 1,079 IN THE SPRING SEMESTER 2025.

Program 3
Expenses: $1,834,843 Revenue: $2,538,292

HIGHER EDUCATION: AS OF THE 2024-25 ACADEMIC YEAR, GORDON COLLEGE OFFERS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, CHRISTIAN LEADERSHIP, THEOLOGY, AND PUBLIC HEALTH CONFERRING DEGREES IN...

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HIGHER EDUCATION: AS OF THE 2024-25 ACADEMIC YEAR, GORDON COLLEGE OFFERS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, CHRISTIAN LEADERSHIP, THEOLOGY, AND PUBLIC HEALTH CONFERRING DEGREES IN MASTERS OF EDUCATION, EDUCATION SPECIALIST IN EDUCATION, MASTERS OF MUSIC EDUCATION, MASTER OF ARTS IN CHRISTIAN LEADERSHIP, EDUCATION SPECIALIST IN CHRISTIAN LEADERSHIP, MASTER OF THEOLOGY FOR COMMUNITY TRANSFORMATION, AND MASTER OF PUBLIC HEALTH. THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 544 DRAWN FROM 37 STATES AND 16 COUNTRIES. GORDON COLLEGE CONFERRED 100 MASTER'S DEGREES IN 2024-25.

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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 $10,694,997
Program Service Revenue $61,010,711
Investment Income $10,437,824
Other Revenue $409,518
TOTAL REVENUE $82,553,050

Expense Breakdown

Grants Paid $18,038,008
Salaries & Benefits $36,290,962
Fundraising Expenses $2,157,074
Program Expenses $70,313,125
Other Expenses $28,627,617
TOTAL EXPENSES $82,956,587

Year-over-Year Comparison

2024 2023 Change
Revenue $82,553,050 $76,043,450 +0.1%
Expenses $82,956,587 $78,578,942 +0.1%
Net Income $-403,537 $-2,535,492 -0.8%
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
21
Independent Members
19
Employees
1545
Volunteers
22

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
$1,031,650
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CARRIE TIBBLES CHAIRMAN OF THE BOARD 5.00
Officer Director
$0 $0 $0
SANTIAGO SEDACA VICE CHAIR 5.00
Officer Director
$0 $0 $0
LISA FORKNER CLERK 5.00
Officer Director
$0 $0 $0
JOHN SARGENT TREASURER 5.00
Officer Director
$0 $0 $0
SAMUEL ACEVEDO TRUSTEE 1.00
Director
$0 $0 $0
FRANCIS BROWN II TRUSTEE 1.00
Director
$0 $0 $0
DR WILLIAM BROWN TRUSTEE 1.00
Director
$0 $0 $0
DR DOROTHY CHAPPELL TRUSTEE 1.00
Director
$0 $0 $0
FOSTER CHASE TRUSTEE 1.00
Director
$0 $0 $0
CHARLEY GEORGE TRUSTEE 1.00
Director
$0 $0 $0
PETER HERSCHEND TRUSTEE 1.00
Director
$0 $0 $0
ENOCH LIAO TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS MACGRAY TRUSTEE 1.00
Director
$0 $0 $0
REID MACLELLAN TRUSTEE 1.00
Director
$0 $0 $0
ALEXIS RAPO TRUSTEE 1.00
Director
$0 $0 $0
BALASUBRAMANIAM RAVICHANDRAN TRUSTEE 1.00
Director
$0 $0 $0
SAMUEL SCHREINER III TRUSTEE 1.00
Director
$0 $0 $0
MARY SHAHIAN TRUSTEE 1.00
Director
$0 $0 $0
MADELYN SHIELDS TRUSTEE 1.00
Director
$0 $0 $0
LORI SMITH TRUSTEE 1.00
Director
$0 $0 $0
KARON WILLIAMSON TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL D HAMMOND PRESIDENT 60.00
Officer
$398,566 $275,572 $674,138
SANDRA DONESKI EVP FOR ACADEMIC AFFAIRS 60.00
Officer
$187,302 $26,960 $214,262
TIMOTHY BREENE EXECUTIVE VP 60.00
Officer
$143,250 $0 $143,250
JEFF EUBANK INTERIM VP FIN. & CFO 60.00
Officer
$0 $0 $0
BRITT CARLSON EATON VP FOR ADVANCEMENT 60.00
Highest
$150,765 $32,194 $182,959
ROBERT GRINNELL PHILANTHROPIC ADVISOR 60.00
Highest
$148,735 $32,493 $181,228
JON WELTY PEACHY DEAN OF ACADEMIC AFFAIRS 60.00
Highest
$141,798 $33,976 $175,774
KAREN DAVIE CHIEF HUMAN RESOURCES OFFICER 60.00
Highest
$130,888 $34,826 $165,714
CHRISTOPHER CARLSON CHIEF STUDENT AFFAIRS OFFICER 60.00
Highest
$119,324 $26,406 $145,730
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 $82,553,050 $82,956,587 $194,941,393 $-403,537
2024 No data No data No data No data
2023 $62,766,673 $74,166,129 $182,425,243 $-11,399,456
2022 $76,874,493 $75,541,560 $191,933,809 $1,332,933
2021 $107,400,748 $89,528,409 $215,426,952 $17,872,339
2020 $92,822,591 $91,195,466 $201,331,768 $1,627,125
2019 $142,703,285 $95,714,411 $195,126,400 $46,988,874
2018 $93,390,806 $94,567,522 $145,212,752 $-1,176,716
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