Nonprofit · EIN 03-0179298
PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
Also known as MIDDLEBURY COLLEGE
Tax-exempt · MIDDLEBURY, VT 05753
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $511,285,123 | $443,806,219 | $67,478,904 | $2,384,177,999 | $538,739,176 | $1,845,438,823 |
| June 30, 2024 | 990 | $520,203,981 | $425,256,465 | $94,947,516 | $2,218,100,975 | $511,661,323 | $1,706,439,652 |
| June 30, 2023 | 990 | $456,039,665 | $400,959,311 | $55,080,354 | $2,015,811,537 | $453,450,257 | $1,562,361,280 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $99,974,382
- of which government grants
- $7,452,078
- Program service revenue
- $299,387,607
- Investment income
- $111,826,290
- Royalties
- $56,837
- Net gain from sales of assets
- $51,756,480
- Other revenue
- $96,844
Expenses
- Grants and similar amounts paid
- $97,112,254
- Compensation of officers, directors and key employees
- $4,339,913
- Other salaries and wages
- $148,713,130
- Salaries, compensation and benefits (total)
- $215,234,800
- Professional fundraising fees
- $0
- Legal fees
- $1,143,549
- Accounting fees
- $531,414
- Occupancy
- $14,674,044
- Travel
- $9,657,583
- Depreciation
- $23,624,086
- Program services (functional)
- $375,968,577
- Management and general (functional)
- $63,118,690
- Fundraising (functional)
- $4,718,952
Balance sheet and other
- Total assets, start of year
- $2,218,100,975
- Total assets, end of year
- $2,384,177,999
- Total liabilities, end of year
- $538,739,176
- Net assets, end of year
- $1,845,438,823
- Land, buildings and equipment
- $477,582,841
- Publicly traded securities
- $218,543,000
- Net assets without donor restrictions
- $196,247,000
- Net assets with donor restrictions
- $1,649,191,823
- Gross unrelated business income
- $3,089,379
- Gross receipts
- $810,409,970
- Employees
- 4,881
- Volunteers
- 844
- Year formed
- 1800
- State of legal domicile
- VT
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurie L Patton | President (Thru 12/31/24) Trustee or director, Officer | 40 | $682,905 | $127,765 |
| David Provost | EVP Finance & Admin. Officer | 40 | $424,502 | $128,307 |
| Daniel J Courcey | VP Advancement Highest-paid employee | 40 | $414,422 | $102,030 |
| Hannah Ross | Secretary & General Counsel Officer | 40 | $315,747 | $116,821 |
| William C Potter | Director of CNS Highest-paid employee | 40 | $327,861 | $73,824 |
| Philip Geier | Exec, Dir. Davis UWC Highest-paid employee | 40 | $287,813 | $97,913 |
| Michelle McCauley | Interim Provost Key employee | 40 | $260,507 | $105,940 |
| Smita Ruzicka | VP Student Affairs Key employee | 40 | $265,272 | $73,086 |
| Jeffrey Lewis | Director EANP Highest-paid employee | 40 | $253,842 | $73,643 |
| Stephen Snyder | Interim President (As of 1/1/25) Trustee or director, Officer | 40 | $237,265 | $69,182 |
| Caitlin Goss | VP Human Resources Highest-paid employee | 40 | $246,644 | $32,415 |
| Alberto Citarella | VP Finance & Asst. Treas. Officer | 40 | $224,440 | $44,488 |
| Susan Parsons Ritter | Associate Secretary & Chief Risk Off Officer | 40 | $194,701 | $62,881 |
| Charlene M Barrett | Assistant Secretary Officer | 40 | $85,760 | $53,329 |
| George C Lee II | Charter Trustee Trustee or director | 1 | $0 | $0 |
33 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen A Stolley | Vice Chair-Charter Trustee Trustee or director, Officer | 1 | $0 |
| William F Truscott | Chair-Charter Trust Trustee or director, Officer | 1 | $0 |
| Belinda Badcock | Term Trustee Trustee or director | 1 | $0 |
| Zachary A Bourque | Alumni Trustee Trustee or director | 1 | $0 |
| Joseph W Brown | Charter Trustee Trustee or director | 1 | $0 |
| Leilani M Brown | Vice Chair-Charter Trustee Trustee or director, Officer | 1 | $0 |
| Kirtley Horton Cameron | Vice Chair-Charter Trustee Trustee or director, Officer | 1 | $0 |
| Barbara G Cole | Term Trustee Trustee or director | 1 | $0 |
| Denver Edwards | Term Trustee Trustee or director | 1 | $0 |
| Janine F Feng | Term Trustee Trustee or director | 1 | $0 |
| Graham C Goldsmith | Term Trustee Trustee or director | 1 | $0 |
| Parker Harris III | Charter Trustee Trustee or director | 1 | $0 |
| Lucienne M Ide | Charter Trustee Trustee or director | 1 | $0 |
| Carol L Jones | Term Trustee Trustee or director | 1 | $0 |
| Catherine Lee | Charter Trustee Trustee or director | 1 | $0 |
| Caroline Sneath McBride | Charter Trustee Trustee or director | 1 | $0 |
| Koby Altman | Alumni Trustee Trustee or director | 1 | $0 |
| Alice J Murphy | Term Trustee Trustee or director | 1 | $0 |
| Dennis D Parker | Charter Trustee Trustee or director | 1 | $0 |
| Ann D Peterson | Alumni Trustee Trustee or director | 1 | $0 |
| Suzanne Reider | Term Trustee Trustee or director | 1 | $0 |
| Richard T Scanlon | Charter Trustee Trustee or director | 1 | $0 |
| Henry J Simonds | Term Trustee Trustee or director | 1 | $0 |
| Elizabeth C Speers | Term Trustee Trustee or director | 1 | $0 |
| Mark Spence | Term Trustee Trustee or director | 1 | $0 |
| Danielle S Virtue | Alumni Trustee Trustee or director | 1 | $0 |
| Larry Yarbrough | Term Trustee Trustee or director | 1 | $0 |
| Kashif Zafar | Term Trustee Trustee or director | 1 | $0 |
| Shawn P Ryan | Alumni Trustee Trustee or director | 1 | $0 |
| Susan J Scher | Charter Trustee Trustee or director | 1 | $0 |
| Kenshin Cho | Recent Graduate Trustee Trustee or director | 1 | $0 |
| John E Waldron | Term Trustee Trustee or director | 1 | $0 |
| Robert V Sideli | Alumni Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURIE L PATTON | PRESIDENT Trustee or director, Officer | 40 | $659,363 | $113,098 |
| DAVID PROVOST | EVP FINANCE & ADMIN. Officer | 40 | $413,147 | $105,894 |
| DANIEL J COURCEY | VP FOR ADVANCEMENT Highest-paid employee | 40 | $383,780 | $96,225 |
| WILLIAM C POTTER | DIRECTOR OF CNS Highest-paid employee | 40 | $327,197 | $72,393 |
| HANNAH ROSS | SEC. & GENERAL COUNSEL Officer | 40 | $274,269 | $107,531 |
| PHILIP GEIER | EXEC, DIR. DAVIS UWC Highest-paid employee | 40 | $276,754 | $94,754 |
| MARK PELUSO | CHIEF HEALTH OFF & PHYSICIAN Highest-paid employee | 40 | $262,350 | $100,775 |
| JEFF DAYTON-JOHNSON | VP MIIS ACADEMIC AFFAIRS & DEAN Highest-paid employee | 40 | $261,511 | $95,431 |
| SMITA RUZICKA | VP STUDENT AFFAIRS Key employee | 40 | $247,569 | $68,514 |
| MICHELLE MCCAULEY | INTERIM PROVOST Key employee | 40 | $238,826 | $73,016 |
| ALBERTO CITARELLA | AVP FINANCE & ASST. TREAS. Officer | 40 | $216,489 | $44,796 |
| SUSAN PARSONS RITTER | ASSOCIATE SECRETARY Officer | 40 | $187,602 | $61,109 |
| CHARLENE M BARRETT | ASSISTANT SECRETARY Officer | 40 | $81,797 | $25,529 |
| GEORGE C LEE II | CHAIR - CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN A STOLLEY | VICE CHAIR-CHARTER TRUST Trustee or director | 1 | $0 | $0 |
| WILLIAM F TRUSCOTT | CHAIR-CHARTER TRUST Trustee or director | 1 | $0 | $0 |
| BELINDA BADCOCK | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| ZACHARY A BOURQUE | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH W BROWN | CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEILANI M BROWN | VICE CHAIR-CHARTER TRUST Trustee or director | 1 | $0 | $0 |
| KIRTLEY HORTON CAMERON | CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENSHIN CHO | RECENT GRADUATE TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA G COLE | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENVER EDWARDS | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANINE F FENG | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| GRAHAM C GOLDSMITH | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| PARKER HARRIS III | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| LUCIENNE M IDE | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROL L JONES | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| CATHERINE LEE | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLINE SNEATH MCBRIDE | CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| KOBY ALTMAN | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALICE J MURPHY | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| DENNIS D PARKER | CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANNE D PETERSON | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUZANNE REIDER | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD T SCANLON | CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| HENRY J SIMONDS | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH C SPEERS | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK SPENCE | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIELLE S VIRTUE | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY YARBROUGH | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| KASHIF ZAFAR | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHAWN P RYAN | ALUMNI TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN J SCHER | CHAIR - CHARTER TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN E WALDRON | TERM TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 48 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laurie L Patton | President Trustee or director, Officer | 40 | $646,936 | $107,222 |
| David Provost | EVP Finance & Admin. Officer | 40 | $419,521 | $101,898 |
| William C Potter | Director of CNS Highest-paid employee | 40 | $307,557 | $101,898 |
| Hannah Ross | Sec. & General Counsel Officer | 40 | $299,907 | $104,620 |
| Mark Peluso | Chief Health Officer and Physician Highest-paid employee | 40 | $256,635 | $99,365 |
| Philip Geier | Exec, Dir. Davis UWC Highest-paid employee | 40 | $268,144 | $87,429 |
| Vijay Menta | VP for IT and CTO Highest-paid employee | 40 | $268,180 | $61,642 |
| Smita Ruzicka | VP Student Affairs Key employee | 40 | $254,259 | $68,205 |
| Jeff Dayton-Johnson | VP MIIS Academic Affairs & Dean Highest-paid employee | 40 | $236,208 | $83,816 |
| Michael Thomas | VP of Administration until 3/23 Officer | 40 | $257,903 | $58,174 |
| Jeffrey Cason | Provost and EVP until 7/22 Key employee | 40 | $208,607 | $84,467 |
| Susan Parsons Ritter | Assistant Secretary Officer | 40 | $184,664 | $60,793 |
| Alberto Citarella | AVP Finance & Asst. Treas. Officer | 40 | $200,959 | $42,186 |
| Michelle McCauley | Interim Provost Key employee | 40 | $184,449 | $58,406 |
| Charlene M Barrett | Assistant Secretary Officer | 40 | $78,396 | $26,930 |
| George C Lee II | Chair - Charter Trustee Trustee or director | 1 | $0 | $0 |
| Karen A Stolley | Vice Chair-Charter Trust Trustee or director | 1 | $0 | $0 |
| William F Truscott | Vice Chair-Charter Trust Trustee or director | 1 | $0 | $0 |
| Belinda Badcock | Term Trustee Trustee or director | 1 | $0 | $0 |
| Zachary A Bourque | Alumni Trustee Trustee or director | 1 | $0 | $0 |
| Joseph W Brown | Term Trustee Trustee or director | 1 | $0 | $0 |
| Leilani M Brown | Term Trustee Trustee or director | 1 | $0 | $0 |
| Kirtley Horton Cameron | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Barbara G Cole | Term Trustee Trustee or director | 1 | $0 | $0 |
| Allan Dragone Jr | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Denver Edwards | Alumni Trustee Trustee or director | 1 | $0 | $0 |
| Janine F Feng | Term Trustee Trustee or director | 1 | $0 | $0 |
| Graham C Goldsmith | Term Trustee Trustee or director | 1 | $0 | $0 |
| Parker Harris III | Term Trustee Trustee or director | 1 | $0 | $0 |
| Lucienne M Ide | Term Trustee Trustee or director | 1 | $0 | $0 |
| Carol L Jones | Term Trustee Trustee or director | 1 | $0 | $0 |
| Catherine Lee | Term Trustee Trustee or director | 1 | $0 | $0 |
| Caroline Sneath McBride | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Koby Altman | Alumni Trustee Trustee or director | 1 | $0 | $0 |
| Alice J Murphy | Term Trustee Trustee or director | 1 | $0 | $0 |
| Dennis D Parker | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Ann D Peterson | Alumni Trustee Trustee or director | 1 | $0 | $0 |
| Suzanne Reider | Term Trustee Trustee or director | 1 | $0 | $0 |
| Helen Riess | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Richard T Scanlon | Charter Trustee Trustee or director | 1 | $0 | $0 |
| Henry J Simonds | Term Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth C Speers | Term Trustee Trustee or director | 1 | $0 | $0 |
| Mark Spence | Term Trustee Trustee or director | 1 | $0 | $0 |
| Danielle S Virtue | Alumni Trustee Trustee or director | 1 | $0 | $0 |
| John S Weinberg | Term Trustee Trustee or director | 1 | $0 | $0 |
| Larry Yarbrough | Term Trustee Trustee or director | 1 | $0 | $0 |
| Kashif Zafar | Term Trustee Trustee or director | 1 | $0 | $0 |
| Shawn P Ryan | Alumni Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 SHANNON ST, MIDDLEBURY, VT 05753-1021
- In care of
- % CONTROLLERS OFFICE
- Principal officer (990 for 2024)
- Ian Baucom, Old Chapel Road, Middlebury, VT 05753
- Signed the 990
- David J Provost, Exec VP Finance & Treas.
- Phone
- (802) 443-5547
- Website
- www.middlebury.edu
- Return prepared by
- KPMG LLP
Mission
Through a commitment to immersive learning, we prepare students to lead engaged, consequential, and creative lives, contribute to their communities, and address the world's most challenging problems.
Program accomplishments
- Instruction represents the expenses for the educational programs. The programs are comprised of students who are full time on the Middlebury VT campus plus the students who are attending the study abroad and summer programs. A bachelors degree and a masters in language and English are the primary degrees granted. The Monterey CA campus offers graduate degrees in programs of study in translation, interpretation and language education and international policy management.Expenses $111,943,660 · revenue $280,701,963
- Academic support represents sponsored activities expenses incurred in support of the educational activities for enrolled students. Grants include support to other organizations, foundations, and research institutions.Expenses $62,090,620 · grants $1,128,098
- Student services and financial aid represents expenses incurred in the support of the enrolled students.Expenses $147,565,952 · grants $95,113,997
- Institutional support and Auxiliary enterprises represent expenses of dormitories, and the expenses and revenue from recreational facilities and food services.Expenses $54,368,345 · grants $870,158 · revenue $18,685,644
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0179298
- 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 (B430)
- Assets (IRS master file)
- $2,384,177,999
- Income (IRS master file)
- $810,409,970
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $511,285,123 | $443,806,219 | $2,384,177,999 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $520,203,981 | $425,256,465 | $2,218,100,975 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $456,039,665 | $400,959,311 | $2,015,811,537 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $498,919,126 | $389,176,145 | $2,000,470,883 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 03-0179298).
Questions about PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE
- What is the EIN of PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE?
- The employer identification number (EIN) of PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE is 03-0179298.
- Is PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESIDENT & FELLOWS OF MIDDLEBURY 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 & FELLOWS OF MIDDLEBURY 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 & FELLOWS OF MIDDLEBURY 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 & FELLOWS OF MIDDLEBURY COLLEGE?
- The 990 for the year ended June 30, 2025 names Ian Baucom.
- Who are the officers and directors of PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE?
- The 990 for the year ended June 30, 2025 lists 48 people; 14 received compensation from the organization, the highest $682,905 (Laurie L Patton, President (Thru 12/31/24)).
- How much revenue does PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $511,285,123, expenses of $443,806,219 and total assets of $2,384,177,999 at year end.
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