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← COLBY-SAWYER COLLEGE

Form 990 for tax year 2024

Filed by COLBY-SAWYER COLLEGE.

Totals

Total revenue
$48,161,648
Total expenses
$46,598,272
Contributions and grants received
$12,420,636
Grants paid
$8,613,544
Program service revenue
$32,175,486
Investment income
$3,570,739
Other revenue
-$5,213
Total assets, end of year
$152,944,168
Total liabilities, end of year
$35,925,658
Net assets or fund balances, end of year
$117,018,510
Program services expenses (Part IX)
$34,500,797
Management and general expenses
$11,032,700
Fundraising expenses
$1,064,775
Program service expenses (Part III)
$34,500,797

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Lisa M Hogarty

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Barbara-Jan Wilson

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Jourdain K P Bell

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Collin D Bray

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Wendy G Carey

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Aimee M Claiborne

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Deborah L Coffin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Thomas C Csatari

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ann Carroll Harris

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Amy Hedison

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Susan MacMichael John

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Bruce P King

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Beth Constantinides Meurlin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • William H Mitchell

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Margaret V Mulley

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • JoAnn Franke Overfield

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Susan D Pomerantz

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sally Shaw Veitch

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stephen Wright

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Dean G McCurdy

    President

    Total calculated
    $0
    Hours/week
    40

  • Karen Bonewald

    VP of Finance & Administration

    Total calculated
    $198,047
    From this org
    $193,208
    From related orgs
    $0
    Other
    $4,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,208
    Bonus
    $0
    Other
    $0
    Deferred
    $3,864
    Nontaxable benefits
    $975
    Filer's total
    $198,047

  • Laura Sykes

    Past Interim President

    Total calculated
    $212,036
    From this org
    $192,604
    From related orgs
    $0
    Other
    $19,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,604
    Bonus
    $0
    Other
    $0
    Deferred
    $3,852
    Nontaxable benefits
    $15,580
    Filer's total
    $212,036

  • Eden Wales

    VP Academic

    Total calculated
    $221,214
    From this org
    $198,074
    From related orgs
    $0
    Other
    $23,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,074
    Bonus
    $0
    Other
    $0
    Deferred
    $3,961
    Nontaxable benefits
    $19,179
    Filer's total
    $221,214

  • Daniel Parish

    VP Advancement

    Total calculated
    $169,065
    From this org
    $165,400
    From related orgs
    $0
    Other
    $3,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,400
    Bonus
    $0
    Other
    $0
    Deferred
    $3,308
    Nontaxable benefits
    $357
    Filer's total
    $169,065

  • Valerie Leclair

    VP Enrollment Management

    Total calculated
    $203,065
    From this org
    $165,283
    From related orgs
    $0
    Other
    $37,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,283
    Bonus
    $0
    Other
    $0
    Deferred
    $3,306
    Nontaxable benefits
    $34,476
    Filer's total
    $203,065

  • Robin Davis

    VP Student Development

    Total calculated
    $174,213
    From this org
    $137,057
    From related orgs
    $0
    Other
    $37,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,057
    Bonus
    $0
    Other
    $0
    Deferred
    $2,741
    Nontaxable benefits
    $34,415
    Filer's total
    $174,213

  • Joan Loftus

    Associate Dean

    Total calculated
    $193,114
    From this org
    $154,448
    From related orgs
    $0
    Other
    $38,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,448
    Bonus
    $0
    Other
    $0
    Deferred
    $3,089
    Nontaxable benefits
    $35,577
    Filer's total
    $193,114

  • Susan Stuebner

    Former President

    Total calculated
    $202,450
    From this org
    $183,386
    From related orgs
    $0
    Other
    $19,064
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $183,386
    Bonus
    $0
    Other
    $0
    Deferred
    $3,668
    Nontaxable benefits
    $15,396
    Filer's total
    $202,450

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The College provided a housing allowance to Susan Stuebner, Former President, and Laura Sykes, Past Interim President, as it is required the president live on campus as a part of their employment. During 2024, a $15,000 housing allowance was reported as a nontaxable benefit to both the former and current presidents. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Reminder Unitrusts (3)

    Charitable Reminder Unitrusts · MA · controlled entity

    Directly controlled by Colby-Saywer College

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349305040

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