WILLIAM JAMES COLLEGE INC

EIN: 042620216 501(c)(3) Education

NEWTON, MA

Total Revenue
$51,788,980
Total Expenses
$49,995,609
Total Assets
$61,491,197
Net Assets
$30,304,404
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MA
Principal Officer
NICHOLAS COVINO
Phone
6173276777
Tax Period
2024-06-01 to 2025-05-31

WILLIAM JAMES COLLEGE INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $51.8M in total revenue in fiscal year 2024. Expenses of $50.0M left a modest 3% surplus.

Mission

WILLIAM JAMES COLLEGE STRIVES TO BE A PREEMINENT SCHOOL OF PSYCHOLOGY THAT INTEGRATES RIGOROUS ACADEMIC INSTRUCTION WITH EXTENSIVE FIELD EDUCATION AND CLOSE ATTENTION TO PROFESSIONAL DEVELOPMENT. WE ASSUME AN ONGOING SOCIAL RESPONSIBILITY TO CREATE PROGRAMS TO EDUCATE SPECIALISTS OF MANY DISCIPLINES TO MEET THE EVOLVING MENTAL HEALTH NEEDS OF SOCIETY.

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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 $11,681,701
Program Service Revenue $38,605,219
Investment Income $1,435,468
Other Revenue $66,592
TOTAL REVENUE $51,788,980

Expense Breakdown

Grants Paid $5,059,346
Salaries & Benefits $33,108,156
Fundraising Expenses $627,187
Program Expenses $44,686,734
Other Expenses $11,828,107
TOTAL EXPENSES $49,995,609

Year-over-Year Comparison

2024 2023 Change
Revenue $51,788,980 $48,229,478 +0.1%
Expenses $49,995,609 $46,291,466 +0.1%
Net Income $1,793,371 $1,938,012 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
770
Volunteers
16

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
$1,185,848
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN CARTER CHAIR 5.00
Director
$0 $0 $0
EUGENE D'ANGELO VICE CHAIR 5.00
Director
$0 $0 $0
CATHERINE COLINVAUX TRUSTEE 5.00
Director
$0 $0 $0
CHIP DOUGLAS TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL JELLINEK TRUSTEE 5.00
Director
$0 $0 $0
SHARON SHAPIRO TRUSTEE 5.00
Director
$0 $0 $0
STEVEN FISCHMAN TRUSTEE 5.00
Director
$0 $0 $0
ANDREW GARIBALDI TRUSTEE 5.00
Director
$0 $0 $0
MARC JOHNSON TRUSTEE 5.00
Director
$0 $0 $0
THOMAS LOCKERBY TRUSTEE 5.00
Director
$0 $0 $0
DONALD SIEGEL TRUSTEE 5.00
Director
$0 $0 $0
ELINOR SVENSON TRUSTEE 5.00
Director
$0 $0 $0
ONEEKA WILLIAMS TRUSTEE 5.00
Director
$0 $0 $0
ANDREW FREEDMAN TRUSTEE 5.00
Director
$0 $0 $0
PETER HORMAN TRUSTEE 5.00
Director
$0 $0 $0
STUART KOMAN TRUSTEE 5.00
Director
$0 $0 $0
NICHOLAS COVINO PRESIDENT 50.00
Officer
$714,030 $72,943 $786,973
DANIEL BRENT TREASURER AND CLERK 50.00
Officer
$299,861 $9,159 $309,020
SHANNON LLORENTTY ASSISTANT CLERK 50.00
Officer
$80,003 $9,852 $89,855
STACEY LAMBERT VICE PRESIDENT OF ACADEMIC AFFAIRS 50.00
Highest
$293,942 $46,022 $339,964
DANIEL TIERNEY VP OF BUSINESS DEVELOPMENT 50.00
Highest
$265,619 $4,000 $269,619
NILDA LABOY ASS. VP FOR ACADEMIC AFFAIRS 50.00
Highest
$225,655 $24,264 $249,919
EVAN GRENIER ASS. VP OF ENROLLMENT MGMT. 50.00
Highest
$180,763 $5,248 $186,011
GEMIMA ST LOUIS VP FOR WORKFORCE INITIATIVES 50.00
Highest
$256,955 $48,110 $305,065
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 $51,788,980 $49,995,609 $61,491,197 $1,793,371
2024 $48,229,478 $46,291,466 $58,037,995 $1,938,012
2023 $44,900,652 $43,839,105 $50,241,420 $1,061,547
2022 $39,612,124 $38,420,223 $45,558,620 $1,191,901
2021 $38,636,649 $34,863,928 $45,239,419 $3,772,721
2020 $34,165,479 $31,009,384 $42,184,124 $3,156,095
2019 $32,022,555 $30,607,620 $36,352,330 $1,414,935
2018 $30,125,010 $28,806,719 $35,351,551 $1,318,291
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