Nonprofit · EIN 06-0662150
MITCHELL COLLEGE
Tax-exempt · NEW LONDON, CT 06320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,745,172 | $29,195,271 | -$1,450,099 | $37,715,478 | $20,172,070 | $17,543,408 |
| June 30, 2024 | 990 | $25,359,114 | $29,356,593 | -$3,997,479 | $39,826,463 | $20,784,724 | $19,041,739 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,918,471
- of which government grants
- $3,091,077
- Program service revenue
- $22,539,122
- Investment income
- $790,212
- Net gain from sales of assets
- $621,115
- Net income from fundraising events
- -$3,105
- Other revenue
- $497,367
Expenses
- Grants and similar amounts paid
- $6,270,610
- Compensation of officers, directors and key employees
- $440,012
- Other salaries and wages
- $8,621,523
- Salaries, compensation and benefits (total)
- $11,648,572
- Professional fundraising fees
- $0
- Legal fees
- $98,931
- Accounting fees
- $114,532
- Occupancy
- $1,319,089
- Travel
- $127,119
- Depreciation
- $1,734,232
- Program services (functional)
- $18,297,464
- Management and general (functional)
- $10,487,177
- Fundraising (functional)
- $410,630
Balance sheet and other
- Total assets, start of year
- $39,826,463
- Total assets, end of year
- $37,715,478
- Total liabilities, end of year
- $20,172,070
- Net assets, end of year
- $17,543,408
- Land, buildings and equipment
- $20,051,229
- Publicly traded securities
- $8,640,333
- Net assets without donor restrictions
- $10,564,300
- Net assets with donor restrictions
- $6,979,108
- Gross unrelated business income
- $755,443
- Gross receipts
- $29,627,815
- Employees
- 451
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- CT
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 |
|---|---|---|---|---|
| TRACY ESPY | PRESIDENT Trustee or director, Officer | 60 | $291,573 | $79,893 |
| ROBERT PERUZZOTTI | VP FINANCE & OPERATIONS Officer | 60 | $194,594 | $21,461 |
| KELLY HART | CHIEF OF STAFF Highest-paid employee | 50 | $176,467 | $23,467 |
| ELIZABETH ANN BEAULIEU | VP ADADEMIC AFFAIRS Highest-paid employee | 50 | $147,022 | $35,344 |
| JOSEPH PARDEE | DIRECTOR FACILITIES Highest-paid employee | 50 | $119,494 | $42,197 |
| ALICIA MARTINEZ | DEAN OF STUDENT EXPERIENCE Highest-paid employee | 50 | $134,810 | $18,899 |
| MASON MICHELLE | EXECUTIVE DIRECTOR ADMISSI Highest-paid employee | 60 | $110,063 | $195 |
| KEVIN COLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NORMAN SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CORNELL YARBOUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK ALBERTI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YULANDA HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOISH TOV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHNATHAN ATKINSON | TRUSTEE (UNTIL 12/10/24) Trustee or director | 1 | $0 | $0 |
| SHANNON CHRISTIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON GUYOT | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL O'CONNOR | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| NANCY DOLAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDY KOHA | TRUSTEE Trustee or director | 1 | $0 |
| BARBARA PRATT | TRUSTEE Trustee or director | 1 | $0 |
| PATRICK CAULFIELD | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS RUFFING | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD D'AVINO | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| GEORGE WHITE | TRUSTEE Trustee or director | 1 | $0 |
| DAVID SANDBERG | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES PRATT | TRUSTEE Trustee or director | 1 | $0 |
| WALTER KUHN | TRUSTEE Trustee or director | 1 | $0 |
| HELENE BANKS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRACY ESPY | PRESIDENT Trustee or director, Officer | 60 | $291,632 | $86,975 |
| ROBERT PERUZZOTTI | VP FINANCE & OPERATIONS Officer | 60 | $201,604 | $15,811 |
| BEAULIEU ELIZABETH ANN | VP ADADEMIC AFFAIRS Highest-paid employee | 50 | $147,474 | $33,446 |
| CATHERINE HURD | VP ENROLLMENT Highest-paid employee | 60 | $144,081 | $18,336 |
| JOSEPH PARDEE | DIRECTOR FACILITIES Highest-paid employee | 50 | $119,789 | $40,633 |
| ALICIA MARTINEZ | DEAN OF STUDENT EXPERIENCE Highest-paid employee | 50 | $135,015 | $16,969 |
| MASON MICHELLE | EXECUTIVE DIRECTOR ADMISSIONS Highest-paid employee | 60 | $110,060 | $0 |
| LUCILLA ARANGO | VICE-CHAIR (UNTIL 6/30/24) Trustee or director, Officer | 1 | $0 | $0 |
| HELENE BANKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK CAULFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY DOLAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY FLOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTER KUHN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA PRATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES PRATT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIM RUFFING | TRUSTEE (UNTIL 6/30/24) Trustee or director | 1 | $0 | $0 |
| DAVID SANDBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK SHOEMAKER | TRUSTEE (UNTIL 6/30/24) Trustee or director | 1 | $0 | $0 |
| GEORGE WHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD D'AVINO | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS RUFFING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KERIN DA CRUZ | TRUSTEE (UNTIL 02/1/24) Trustee or director | 1 | $0 | $0 |
| JASON GUYOT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDY KOHA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL O'CONNOR | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NORMAN SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CORNELL YARBOUGH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK ALBERTI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEVIN COLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MOISH TOV | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARC VERBOS | TRUSTEE (UNTIL 5/7/24) Trustee or director | 1 | $0 | $0 |
| JOHNATHAN ATKINSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHANNON CHRISTIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YULANDA HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 437 PEQUOT AVE, NEW LONDON, CT 06320-4452
- Principal officer (990 for 2024)
- DR TRACY Y ESPY, 437 PEQUOT AVENUE, NEW LONDON, CT 06320
- Signed the 990
- KATHLEEN HALLAHAN, INTERIM VP OF FINANCE
- Phone
- (860) 701-5016
- Website
- WWW.MITCHELL.EDU
- Return prepared by
- CBIZ ADVISORS LLC
Mission
MITCHELL COLLEGE EDUCATES STUDENTS THROUGH A HIGHLY INDIVIDUALIZED EDUCATIONAL APPROACH THAT BRINGS FORWARD EACH STUDENT'S POTENTIAL, REVEALS THEIR STRENGTHS, AND FOSTERS PERSONAL GROWTH.
Program accomplishments
- MITCHELL COLLEGE IS A FOUR-YEAR COEDUCATIONAL, RESIDENTIAL LIBERAL ARTS COLLEGE THAT SERVES OVER 500 STUDENTS, GRANTING BACHELOR AND ASSOCIATES DEGREES IN ARTS AND SCIENCES AND PROFESSIONAL CERTIFICATES. THE ACADEMIC PROGRAM IS ENHANCED BY A SKILLS-BASED TEACHING AND ASSESSMENT PROGRAM, ABILITY BASED EDUCATION, AND INTEGRATIVE CAREER DEVELOPMENT THAT TEACHES CAREER READINESS SKILLS AND PROVIDES STRONG PROFESSIONAL EXPERIENCES GUIDED BY FACULTY AND STAFF. THE COLLEGE OFFERS ACADEMIC SUPPORT, COLLEGE TRANSITION PROGRAMS, FOUR-YEAR ADVISING AND PROFESSIONAL TUTORING TO PROMOTE STUDENT SUCCESS. A DIVISION III ATHLETICS PROGRAM EMPHASIZES SCHOLARSHIP WITH ATHLETICS, ENGAGING ONE-THIRD OF STUENTS IN VARSITY TEAMS.Expenses $18,297,464 · grants $6,270,610 · revenue $22,281,607
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
- 06-0662150
- 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
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B410)
- Assets (IRS master file)
- $37,715,478
- Income (IRS master file)
- $29,627,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,745,172 | $29,195,271 | $37,715,478 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $25,359,114 | $29,356,593 | $39,826,463 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $28,131,563 | $29,674,145 | $42,749,139 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $32,035,495 | $29,259,175 | $45,109,484 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 06-0662150).
Questions about MITCHELL COLLEGE
- What is the EIN of MITCHELL COLLEGE?
- The employer identification number (EIN) of MITCHELL COLLEGE is 06-0662150.
- Is MITCHELL COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to MITCHELL COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MITCHELL 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 MITCHELL 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 MITCHELL 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 MITCHELL COLLEGE?
- The 990 for the year ended June 30, 2025 names DR TRACY Y ESPY.
- Who are the officers and directors of MITCHELL COLLEGE?
- The 990 for the year ended June 30, 2025 lists 28 people; 7 received compensation from the organization, the highest $291,573 (TRACY ESPY, PRESIDENT).
- How much revenue does MITCHELL COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,745,172, expenses of $29,195,271 and total assets of $37,715,478 at year end.
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