CONNECTICUT COLLEGE

EIN: 060646587 501(c)(3) Education

NEW LONDON, CT

Total Revenue
$191,785,000
Total Expenses
$199,623,000
Total Assets
$754,976,000
Net Assets
$586,450,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
CT
Principal Officer
ANDREA CHAPDELAINE
Phone
8604392088
Tax Period
2023-07-01 to 2024-06-30

CONNECTICUT COLLEGE, founded in 1911, is a major nonprofit in the Education sector that reported $191.8M in total revenue in fiscal year 2023. Net assets of $586.5M represent 37 months of operating reserves.

Mission

AS A CONDITION OF EMPLOYMENT THE COLLEGE REQUIRES THAT THE PRESIDENT LIVE IN THE PRESIDENTIAL RESIDENCE LOCATED ON THE COLLEGE CAMPUS. THE VALUE OF THE HOUSING BENEFITIS INCLUDED IN THE FORMER PRESIDENT'S AND INTERIM PRESIDENT'S NONTAXABLE COMPENSATION AND IS REPORTED IN PART II, COLUMN (D). ACCORDING TO THE COLLEGE'S WRITTEN TRAVEL/EXPENSE REIMBURSEMENT POLICY, THE COLLEGE WILL NOT REIMBURSE FOR PERSONAL EXPENSES. THE COLLEGE MAINTAINS THE PRESIDENTIAL RESIDENCE, INCLUDING A HOUSEKEEPER. THE WAGES OF THE HOUSEKEEPER ATTRIBUTABLE TO THE PRESIDENT'S PERSONAL USE, IF ANY, ARE INCLUDED AS TAXABLE COMPENSATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,110,000
Program Service Revenue $162,608,000
Investment Income $2,450,000
Other Revenue $617,000
TOTAL REVENUE $191,785,000

Expense Breakdown

Grants Paid $72,315,000
Salaries & Benefits $70,071,000
Fundraising Expenses $6,021,000
Program Expenses $169,731,000
Other Expenses $57,237,000
TOTAL EXPENSES $199,623,000

Year-over-Year Comparison

2023 2022 Change
Revenue $191,785,000 $182,064,000 +0.1%
Expenses $199,623,000 $192,049,000 +0.0%
Net Income $-7,838,000 $-9,985,000 -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

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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
29
Employees
1951
Volunteers
975

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
$648,090
Total Directors
30
$250,559
Key Employees
1
$237,003
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE E WONG INTERIM PRESIDENT 38.00
Officer Director
$203,337 $47,222 $250,559
DEBO P ADEGBILE TRUSTEE 1.00
Director
$0 $0 $0
SETH W ALVORD TRUSTEE 1.00
Director
$0 $0 $0
JESSICA ARCHIBALD TRUSTEE 1.00
Director
$0 $0 $0
BETTY BROWN BIBBINS TRUSTEE 1.00
Director
$0 $0 $0
MARIA WYCOFF BOYCE TRUSTEE 1.00
Director
$0 $0 $0
ETHAN W BROWN TRUSTEE 1.00
Director
$0 $0 $0
ISAAC H CLOTHIER TRUSTEE 1.00
Director
$0 $0 $0
LOULIE SUTRO CRAWFORD TRUSTEE 1.00
Director
$0 $0 $0
LAWRENCE B DAMON III TRUSTEE 1.00
Director
$0 $0 $0
MARK D FALLON TRUSTEE 1.00
Director
$0 $0 $0
MARISA G FARINA TRUSTEE 1.00
Director
$0 $0 $0
GREGORY J GIGLIOTTI TRUSTEE 1.00
Director
$0 $0 $0
HANNAH E GONZALEZ TRUSTEE 1.00
Director
$0 $0 $0
KIM-AN HERNANDEZ TRUSTEE 1.00
Director
$0 $0 $0
STEVEN W JACOBSON TRUSTEE 1.00
Director
$0 $0 $0
SAMIRAH JAIGIRDAR TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN A KRANE TRUSTEE 1.00
Director
$0 $0 $0
SYDNEY L LAMB TRUSTEE 1.00
Director
$0 $0 $0
JOHN D LINEHAN TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN D MCBRIDE TRUSTEE 1.00
Director
$0 $0 $0
SARAH A MUDHO TRUSTEE 1.00
Director
$0 $0 $0
DEVON DANZ PRESTON TRUSTEE 1.00
Director
$0 $0 $0
LESLIE ROSEN TRUSTEE 1.00
Director
$0 $0 $0
PETER D SKAPERDAS TRUSTEE 1.00
Director
$0 $0 $0
DWAYNE C STALLINGS TRUSTEE 1.00
Director
$0 $0 $0
DIANE E STRATTON TRUSTEE 1.00
Director
$0 $0 $0
MAARTEN D TERRY TRUSTEE 1.00
Director
$0 $0 $0
RAJNEESH VIG TRUSTEE 1.00
Director
$0 $0 $0
JOHN S ZEILER TRUSTEE 1.00
Director
$0 $0 $0
DANIELLE EGAN DEAN OF FACULTY 38.00
Officer
$223,431 $68,293 $291,724
LAUREN MIDDLETON SECRETARY OF THE COLLEGE 38.00
Officer
$72,238 $33,569 $105,807
ANDREW K STRICKLER VP ADMISSIONS 38.00
Key Emp
$201,090 $35,913 $237,003
REGINALD WHITE VP HR AND ORG. DEVELOPMENT 38.00
Highest
$282,533 $36,630 $319,163
KIMBERLY M VERSTANDIG VP ADVANCEMENT (THRU 09/2023) 38.00
Highest
$232,471 $50,168 $282,639
WENDELL L HISLE VP INFORMATION SERVICES 38.00
Highest
$218,141 $54,150 $272,291
JOHN CRAMER VP MARKETING AND COMMUNICATIONS 38.00
Highest
$212,980 $56,519 $269,499
JUSTIN WOLFRADT EXEC DIR FACILITIES MGMT PLAN 38.00
Highest
$247,123 $17,940 $265,063
KATHERINE BERGERON FORMER PRESIDENT 38.00
$699,100 $59,613 $758,713
JEFFREY E COLE FORMER DEAN OF THE FACULTY / PROF. 38.00
$183,617 $52,239 $235,856
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 No data No data No data No data
2024 $191,785,000 $199,623,000 $754,976,000 $-7,838,000
2023 $182,064,000 $192,049,000 $708,591,000 $-9,985,000
2022 $177,566,000 $178,385,000 $681,892,000 $-819,000
2021 $170,926,000 $154,100,000 $654,429,000 $16,826,000
2020 $152,696,000 $163,918,000 $512,927,000 $-11,222,000
2019 $157,455,000 $157,740,000 $520,395,000 $-285,000
2018 $169,920,000 $158,906,000 $508,642,000 $11,014,000
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