Skip to main content

Nonprofit · EIN 01-0211497

PRESIDENT & TRUSTEES OF COLBY COLLEGE

Tax-exempt · WATERVILLE, ME 04901

Financials

$287.5M$284.6M2022$379.6M$299.3M2023$354.5M$325.2M2024
Revenue Expenses · by fiscal year end
Financials of PRESIDENT & TRUSTEES OF COLBY COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$354,489,000$325,244,000$29,245,000$2,544,594,000$469,518,000$2,075,076,000
June 30, 2024990$379,623,000$299,250,000$80,373,000$2,364,066,000$393,656,000$1,970,410,000
June 30, 2023990$287,466,000$284,605,000$2,861,000$2,244,685,000$411,336,000$1,833,349,000
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$59,020,000
of which government grants
$4,565,000
Program service revenue
$203,893,000
Investment income
$84,026,000
Net rental income
$79,000
Net gain from sales of assets
$63,046,000
Net income from sales of inventory
$584,000
Other revenue
$7,550,000

Expenses

Grants and similar amounts paid
$74,302,194
Compensation of officers, directors and key employees
$7,077,758
Other salaries and wages
$85,725,558
Salaries, compensation and benefits (total)
$123,748,748
Professional fundraising fees
$0
Legal fees
$1,126,203
Accounting fees
$558,098
Occupancy
$12,900,136
Travel
$7,584,313
Depreciation
$18,872,000
Program services (functional)
$261,330,972
Management and general (functional)
$54,379,634
Fundraising (functional)
$9,533,394

Balance sheet and other

Total assets, start of year
$2,364,066,000
Total assets, end of year
$2,544,594,000
Total liabilities, end of year
$469,518,000
Net assets, end of year
$2,075,076,000
Land, buildings and equipment
$890,640,000
Publicly traded securities
$114,214,000
Net assets without donor restrictions
$698,098,000
Net assets with donor restrictions
$1,376,978,000
Gross unrelated business income
$6,887,000
Gross receipts
$668,100,000
Employees
2,964
Volunteers
2,000
Year formed
1813
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
David A GreenePresident
Trustee or director, Officer
65$2,809,415$393,717
Deborah ShufrinAssociate VP and Chief Investment Officer
Key employee
50$859,992$61,143
Matthew ProtoSenior VP and Chief Institutional Advancement Officer
Officer
50$467,431$66,603
Nicole TrufantVice President for Administration and Chief Financial Officer
Officer
50$502,640$22,543
Richard UchidaVP, Gen Counsel, Secretary of Board
Officer
50$405,369$65,673
Thomas MartinManaging Director of Investments
Highest-paid employee
50$447,210$0
Margaret McFaddenProvost and Dean of Faculty
Officer
50$374,483$65,115
Julie WoodVice President and Chief Human Resources Officer
Officer
50$372,075$43,146
Gustavo BurkettDean of College
Officer
50$320,969$32,853
Ruth JacksonVice President and Chief of Staff
Officer
50$276,575$59,171
Jacqueline TerrassaDirector, Museum of Art
Highest-paid employee
50$271,183$39,085
Randi MaloneyVice President and Dean of Admissions and Financial Aid
Officer
50$226,019$57,855
Andrew LoftusAssociate Vice President and Chief Information Officer
Highest-paid employee
50$266,816$13,941
Alison BeyeaExecutive Director of the Goldfarb Center for Public Affairs
Highest-paid employee
50$251,646$13,836
Alexander GentilliDirector of Investment Operations
Highest-paid employee
50$253,723$11,427
41 more people on this return
NameTitleHours / weekCompensationOther / benefits
Michael WisecupFormer Vice President and Director of Athletics (Until 6/30/24)
Former
50$166,480$14,902
Brian ClarkFormer Vice President of Planning (Until 6/30/24)
Former
50$145,715$29,453
Douglas TerpFormer Vice President for Administration and CFO
Former
0$105,373$26,955
Jane PowersChair of the Board
Trustee or director, Officer
5$0$0
Michael KoesterVice Chair of the Board
Trustee or director, Officer
5$0$0
Susan BolandVice Chair of the Board
Trustee or director, Officer
5$0$0
Alexander BuckTrustee
Trustee or director
5$0$0
Amy WalterTrustee
Trustee or director
5$0$0
Arman Gokgol-KlineTrustee
Trustee or director
5$0$0
Armando BengocheaTrustee until May 2025
Trustee or director
5$0$0
Brenda AllenTrustee
Trustee or director
5$0$0
Carl SmithTrustee
Trustee or director
5$0$0
Catherine TinsleyTrustee
Trustee or director
5$0$0
Christian BrunetTrustee
Trustee or director
5$0$0
Dailey CoyTrustee
Trustee or director
5$0$0
David LeavyTrustee
Trustee or director
5$0$0
Dean AthanasiaTrustee
Trustee or director
5$0$0
Deanna PerezTrustee
Trustee or director
5$0$0
Eric DeCostaTrustee
Trustee or director
5$0$0
Jacklyn DinneenTrustee
Trustee or director
5$0$0
Jason WerlinTrustee
Trustee or director
5$0$0
Jeffrey N PackmanTrustee
Trustee or director
5$0$0
Jennifer MillardTrustee
Trustee or director
5$0$0
Jeremy SpringhornTrustee
Trustee or director
5$0$0
Joerose TharakanTrustee
Trustee or director
5$0$0
John LyonsTrustee
Trustee or director
5$0$0
John O'NeilTrustee
Trustee or director
5$0$0
Jonathan BarryTrustee
Trustee or director
5$0$0
Joshua WoodforkTrustee
Trustee or director
5$0$0
Laura WardTrustee
Trustee or director
5$0$0
Lindsay LanierTrustee
Trustee or director
5$0$0
Marieke H RothschildTrustee
Trustee or director
5$0$0
Miguel LeffTrustee
Trustee or director
5$0$0
Reagan CareyTrustee
Trustee or director
5$0$0
Sarah E EustisTrustee
Trustee or director
5$0$0
Sunil ThakorTrustee
Trustee or director
5$0$0
Susan BramTrustee
Trustee or director
5$0$0
Tanya WilliamsTrustee until May 2025
Trustee or director
5$0$0
Theresa BrockelmanTrustee
Trustee or director
5$0$0
Timothy O'DonnellTrustee
Trustee or director
5$0$0
Tionna HaynesTrustee until May 2025
Trustee or director
5$0$0
990 for the year ended June 30, 2024: 66 people
NameTitleHours / weekCompensationOther / benefits
Greene David APresident
Trustee or director, Officer
40$2,669,786$367,262
Shufrin DeborahAssociate VP and Chief Investment Officer
Key employee
40$768,825$43,791
Trufant NicoleVice President for Administration and Chief Financial Officer
Officer
40$507,227$588
Proto Matthew TVP and Chief Institutional Advancement Officer
Officer
40$412,749$59,895
Uchida Richard YVice President, General Counsel and Secretary of the College
Officer
40$377,375$58,191
McFadden Margaret TProvost and Dean of Faculty
Officer
40$360,890$60,315
Wood JulieVice President and Chief Human Resources Officer
Officer
40$373,500$30,417
Stent AmandaDirector Davis Institute for AI
Highest-paid employee
40$323,125$18,979
Clark Brian JVice President of Planning
Officer
40$280,080$54,903
Jackson Ruth JVice President and Chief of Staff
Officer
40$281,500$50,341
Moore BarbaraDean of Students
Highest-paid employee
40$273,692$56,068
Terrassa JacquelineDirector, Museum of Art
Highest-paid employee
40$258,510$36,642
Wisecup Michael DVice President and Director of Athletics
Officer
40$253,920$23,622
King D WhitneyProfessor
Highest-paid employee
40$219,379$47,783
Terp Douglas CFormer Vice President for Administration and CFO
Former
40$217,561$49,271
Hurney CarolAssoc Provost for Teaching & Learning
Highest-paid employee
40$193,800$40,897
Burrell-McRae Karlene AFormer Dean of College
Former
40$172,620$29,135
Burkett GustavoDean of College
Officer
40$148,576$10,880
Epstein DavidTrustee, Part-time instructor
Trustee or director
5$5,500$0
Powers Jane MChair of the Board
Trustee or director, Officer
5$0$0
Boland Susan EVice Chair of the Board
Trustee or director, Officer
5$0$0
O'Neil III John JVice Chair of the Board
Trustee or director, Officer
5$0$0
Alfond WilliamTrustee
Trustee or director
5$0$0
Allen BrendaTrustee
Trustee or director
5$0$0
Athanasia DeanTrustee
Trustee or director
5$0$0
Bengochea ArmandoTrustee
Trustee or director
5$0$0
Boulos Joseph FTrustee
Trustee or director
5$0$0
Bram SusanTrustee
Trustee or director
5$0$0
Brockelman TheresaTrustee
Trustee or director
5$0$0
Brunet Christian MTrustee
Trustee or director
5$0$0
Buck Alexander KTrustee
Trustee or director
5$0$0
Carey ReaganTrustee
Trustee or director
5$0$0
Coy Dailey RTrustee
Trustee or director
5$0$0
Crawford James BTrustee
Trustee or director
5$0$0
Decosta EricTrustee
Trustee or director
5$0$0
Diamond Robert ETrustee
Trustee or director
5$0$0
Dinneen Jacklyn DTrustee
Trustee or director
5$0$0
Eustis Sarah ETrustee
Trustee or director
5$0$0
Gokgol-Kline Arman CTrustee
Trustee or director
5$0$0
Gordon Michael LTrustee
Trustee or director
5$0$0
Haynes Tionna CTrustee
Trustee or director
5$0$0
Koester Michael ETrustee
Trustee or director
5$0$0
Lanier LindsayTrustee
Trustee or director
5$0$0
Leavy DavidTrustee
Trustee or director
5$0$0
Leff MiguelTrustee
Trustee or director
5$0$0
Lunder Paula CraneTrustee
Trustee or director
5$0$0
Lyons John FTrustee
Trustee or director
5$0$0
Nancy DonahueTrustee
Trustee or director
5$0$0
Millard JenniferTrustee
Trustee or director
5$0$0
O'Donnell TimothyTrustee
Trustee or director
5$0$0
Packman Jeffrey NTrustee
Trustee or director
5$0$0
Pulver DavidTrustee
Trustee or director
5$0$0
Richard McVey MTrustee
Trustee or director
5$0$0
Robert Hoopes RTrustee
Trustee or director
5$0$0
Rosengren EricTrustee
Trustee or director
5$0$0
Rothschild MariekeTrustee
Trustee or director
5$0$0
Smith Carl LTrustee
Trustee or director
5$0$0
Springhorn Jeremy PTrustee
Trustee or director
5$0$0
Thakor Sunil HTrustee
Trustee or director
5$0$0
Tharakan JoeroseTrustee
Trustee or director
5$0$0
Tinsley CatherineTrustee
Trustee or director
5$0$0
Walter AmyTrustee
Trustee or director
5$0$0
Ward Laura PTrustee
Trustee or director
5$0$0
Werlin JasonTrustee
Trustee or director
5$0$0
Williams Tanya ETrustee
Trustee or director
5$0$0
Woodfork Joshua CTrustee
Trustee or director
5$0$0
990 for the year ended June 30, 2023: 66 people
NameTitleHours / weekCompensationOther / benefits
Greene David APresident
Trustee or director, Officer
40$2,255,900$367,343
Shufrin DeborahAssociate VP and Chief Investment Officer
Key employee
40$761,250$11,565
Burrell-McRae Karlene ADean of the College
Officer
40$436,190$74,743
McFadden Margaret TProvost and Dean of Faculty
Officer
40$368,400$55,679
Uchida Richard YVice President, General Counsel and Secretary of the College
Officer
40$367,375$54,023
Proto Matthew TVP and Chief Institutional Advancement Officer
Officer
40$357,520$55,283
Terp Douglas CVice President for Administration and CFO
Officer
40$335,980$55,947
Stent AmandaDirector Davis Institute for AI
Highest-paid employee
40$336,000$11,423
Clark Brian JVice President of Planning
Officer
40$262,660$51,049
Terrassa JacquelineDirector, Museum of Art
Highest-paid employee
40$286,015$14,925
Jackson Ruth JVice President and Chief of Staff
Officer
40$247,500$46,291
Moore BarbaraDean of Students
Highest-paid employee
40$215,510$48,026
King D WhitneyProfessor
Highest-paid employee
40$213,975$44,083
Wisecup Michael DVice President and Director of Athletics
Officer
40$234,620$21,692
Hurney CarolAssoc Provost for Teaching & Learning
Highest-paid employee
40$210,800$35,177
Trufant NicoleVice President for Administration and Chief Financial Officer
Officer
40$228,300$1,634
Phillips Jane BFormer VP for College and Student Advancement
Former
40$125,000$24,776
Wood JulieVice President and Chief Human Resources Officer
Officer
40$129,023$7,043
Epstein DavidTrustee, Part-time instructor
Trustee or director
5$5,100$0
Powers Jane MChair of the Board
Trustee or director, Officer
5$0$0
Boland Susan EVice Chair of the Board
Trustee or director, Officer
5$0$0
O'Neill III John JVice Chair of the Board
Trustee or director, Officer
5$0$0
Alfond WilliamTrustee
Trustee or director
5$0$0
Allen BrendaTrustee
Trustee or director
5$0$0
Bengochea ArmandoTrustee
Trustee or director
5$0$0
Boulos Joseph FTrustee
Trustee or director
5$0$0
Brockelman TheresaTrustee
Trustee or director
5$0$0
Bram SusanTrustee
Trustee or director
5$0$0
Brunet Christian MTrustee
Trustee or director
5$0$0
Buck Alexander KTrustee
Trustee or director
5$0$0
Burns Sara JTrustee
Trustee or director
5$0$0
Cotter William RTrustee
Trustee or director
5$0$0
Crawford James BTrustee
Trustee or director
5$0$0
Crook Jr James HTrustee
Trustee or director
5$0$0
Dailey Coy RTrustee
Trustee or director
5$0$0
Decosta EricTrustee
Trustee or director
5$0$0
Diamond Robert ETrustee
Trustee or director
5$0$0
Dinneen Jacklyn DTrustee
Trustee or director
5$0$0
Donahue NancyTrustee
Trustee or director
5$0$0
Eustis Sarah ETrustee
Trustee or director
5$0$0
Forese James ATrustee
Trustee or director
5$0$0
Gokgol-Kline MichaelTrustee
Trustee or director
5$0$0
Gordon Michael LTrustee
Trustee or director
5$0$0
Haynes Tionna CTrustee
Trustee or director
5$0$0
Hoopes Jr Robert RTrustee
Trustee or director
5$0$0
Koester Michael ETrustee
Trustee or director
5$0$0
Lanier LindsayTrustee
Trustee or director
5$0$0
Lawry Seth WTrustee
Trustee or director
5$0$0
Leff MiguelTrustee
Trustee or director
5$0$0
Lunder Paula CraneTrustee
Trustee or director
5$0$0
Lyons John FTrustee
Trustee or director
5$0$0
McVey Richard MTrustee
Trustee or director
5$0$0
O'Donnell TimothyTrustee
Trustee or director
5$0$0
Packman Jeffrey NTrustee
Trustee or director
5$0$0
Pulver DavidTrustee
Trustee or director
5$0$0
Rosengren EricTrustee
Trustee or director
5$0$0
Rothschild MariekeTrustee
Trustee or director
5$0$0
Smith Carl LTrustee
Trustee or director
5$0$0
Stanton Jessica D'ErcoleTrustee
Trustee or director
5$0$0
Tharakan JoeroseTrustee
Trustee or director
5$0$0
Tinsley CatherineTrustee
Trustee or director
5$0$0
Walter AmyTrustee
Trustee or director
5$0$0
Ward Laura PTrustee
Trustee or director
5$0$0
Werlin JasonTrustee
Trustee or director
5$0$0
Williams Tanya ETrustee
Trustee or director
5$0$0
Woodfork Joshua CTrustee
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
4130 MAYFLOWER HL, WATERVILLE, ME 04901-8841
In care of
% ALICIA GARDINER CONTROLLER
Principal officer (990 for 2024)
David A Greene, 4120 Mayflower Hill, Waterville, ME 04901
Signed the 990
Nicole Labbe-Trufant, VP & CFO
Phone
(207) 859-4774
Return prepared by
KPMG LLP

Mission

SEE SCHEDULE O.

990 for the year ended June 30, 2025

Program accomplishments

  • Post secondary education: Instruction of 2,407 undergraduate students in 2024/25. In the 2024/25 year, 619 students graduated, and an estimated 364 students studied away. 88% completed the degree within five years; the student/faculty ratio is 10:1.
    Expenses $261,330,972 · grants $74,302,194 · revenue $204,477,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
01-0211497
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1944
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$2,544,594,000
Income (IRS master file)
$668,100,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$354,489,000$325,244,000$2,544,594,000IRS
990-TJune 2025–––IRS
990June 2024$379,623,000$299,250,000$2,364,066,000IRS
990-TJune 2024–––IRS
990June 2023$287,466,000$284,605,000$2,244,685,000XML
990-TJune 2023–––IRS
990June 2022$403,263,000$260,146,000$2,249,032,000IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0211497).

Questions about PRESIDENT & TRUSTEES OF COLBY COLLEGE

What is the EIN of PRESIDENT & TRUSTEES OF COLBY COLLEGE?
The employer identification number (EIN) of PRESIDENT & TRUSTEES OF COLBY COLLEGE is 01-0211497.
Is PRESIDENT & TRUSTEES OF COLBY COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
Are donations to PRESIDENT & TRUSTEES OF COLBY COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRESIDENT & TRUSTEES OF COLBY COLLEGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PRESIDENT & TRUSTEES OF COLBY COLLEGE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PRESIDENT & TRUSTEES OF COLBY COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PRESIDENT & TRUSTEES OF COLBY COLLEGE?
The 990 for the year ended June 30, 2025 names David A Greene.
Who are the officers and directors of PRESIDENT & TRUSTEES OF COLBY COLLEGE?
The 990 for the year ended June 30, 2025 lists 56 people; 18 received compensation from the organization, the highest $2,809,415 (David A Greene, President).
How much revenue does PRESIDENT & TRUSTEES OF COLBY COLLEGE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $354,489,000, expenses of $325,244,000 and total assets of $2,544,594,000 at year end.

Other nonprofits in WATERVILLE

All nonprofits in WATERVILLE · Maine · Education