Nonprofit · EIN 51-0163080
CAMBRIDGE COLLEGE INC
Tax-exempt · BOSTON, MA 02129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $384,361 | $983,244 | -$598,883 | $8,335,603 | $3,171,427 | $5,164,176 |
| August 31, 2024 | 990 | $19,375,287 | $33,701,062 | -$14,325,775 | $9,490,560 | $3,625,671 | $5,864,889 |
| August 31, 2023 | 990 | $35,337,289 | $39,512,844 | -$4,175,555 | $110,868,797 | $72,599,468 | $38,269,329 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $78,288
- Investment income
- $306,073
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,000
- Other salaries and wages
- $146,004
- Salaries, compensation and benefits (total)
- $574,558
- Professional fundraising fees
- $0
- Legal fees
- $27,923
- Accounting fees
- $255,390
- Program services (functional)
- $52,837
- Management and general (functional)
- $913,115
- Fundraising (functional)
- $17,292
Balance sheet and other
- Total assets, start of year
- $9,490,560
- Total assets, end of year
- $8,335,603
- Total liabilities, end of year
- $3,171,427
- Net assets, end of year
- $5,164,176
- Publicly traded securities
- $4,838,547
- Gross receipts
- $384,361
- Employees
- 95
- Volunteers
- 2
- Year formed
- 1974
- State of legal domicile
- MA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN E HEALEY | FORMER INTERIM PRESIDENT Former | 0 | $386,090 | $16,856 |
| DEBORAH C JACKSON | FORMER PRESIDENT Former | 0 | $335,372 | $0 |
| LAURETTA D SIGGERS | FORMER VP OF HR & TALENT DEV. Former | 0 | $236,069 | $11,293 |
| NITI SETH | FORMER PROVOST Former | 0 | $235,793 | $10,358 |
| DENNIS MADIGAN | PRESIDENT & VP OF FINANCE & ADMIN. Trustee or director, Officer | 50 | $234,996 | $9,674 |
| SANDRA D BRIDWELL | PROFESSOR Highest-paid employee | 0 | $176,799 | $11,600 |
| BARBARA K REID | PROFESSOR Highest-paid employee | 0 | $160,973 | $18,031 |
| MASSOMEH NAMAVAR | PROFESSOR Highest-paid employee | 0 | $153,953 | $10,902 |
| LUCILIA M VALERIO | PROFESSOR Highest-paid employee | 0 | $145,264 | $17,727 |
| DEBORAH J MERRIMAN | PROFESSOR Highest-paid employee | 0 | $154,611 | $5,345 |
| THOMAS J CAHILL JR - FORMER | VP OF INSTITUTIONAL ADVANCEMENT Former | 0 | $121,705 | $6,490 |
| KEVIN MCCALL | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| STEPHANIE BROWNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH C JACKSON | PRESIDENT (THRU 12/2023) Trustee or director, Officer | 60 | $361,279 | $51,354 |
| STEPHEN E HEALEY | INTERIM PRESIDENT (THRU 07/2024) Trustee or director, Officer | 50 | $231,822 | $18,482 |
| NITI SETH | PROVOST Officer | 50 | $200,902 | $13,660 |
| DENNIS MADIGAN | PRESIDENT & VP OF FINANCE & ADMIN. Trustee or director, Officer | 50 | $197,776 | $15,771 |
| JOSEPH CULLEN | CONTROLLER Highest-paid employee | 50 | $129,068 | $70,858 |
| JAMES S LEE - DEAN SCHOOL OF | UNDERGRADUATE STUDIES Highest-paid employee | 50 | $133,982 | $48,233 |
| LAURETTA D SIGGERS - VP OF | HR & TALENT DEV. (THRU 06/2024) Officer | 50 | $166,530 | $15,668 |
| PHILLIP E PAGE - VP OF | STRATEGIC P'SHIPS. (THRU 06/2024) Officer | 50 | $131,064 | $49,474 |
| THOMAS J CAHILL JR - VP OF | INSTIT. ADVANCEMENT (THRU 06/2024) Officer | 50 | $148,815 | $11,843 |
| MICHAEL E MARRAPODI - ASSOC | PROVOST FOR ONLINE PROGRAMS Highest-paid employee | 50 | $135,917 | $21,855 |
| PAULA G BRAMANTE - AVP FOR | TEACHING & LEARNING TECHNOLOGIES Highest-paid employee | 50 | $138,486 | $14,862 |
| DORIS A VAN GORDER-MCGOFF | INT. DEAN, SCHOOL OF EDU. & COUNS. Highest-paid employee | 50 | $137,390 | $8,975 |
| KEVIN MCCALL | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| STEPHANIE BROWNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES L ANDERSON MD | TREASURER (THRU 07/2024) Trustee or director, Officer | 1 | $0 | $0 |
| JAMES SEGEL | CLERK (THRU 07/2024) Trustee or director, Officer | 1 | $0 | $0 |
| MARCELA ALDAZ-MATOS | TRUSTEE (THRU 07/2024) Trustee or director | 1 | $0 | $0 |
| KENNETH JOHNSON | TRUSTEE (THRU 10/2023) Trustee or director | 1 | $0 | $0 |
| TERENCE MCCOURT | TRUSTEE (THRU 10/2023) Trustee or director | 1 | $0 | $0 |
| JESSE SOLOMON | TRUSTEE (THRU 10/2023) Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH C JACKSON | PRESIDENT Trustee or director, Officer | 60 | $369,052 | $63,268 |
| MARK S ROTONDO | VP OF INNNOVATION & STRATEGY Officer | 50 | $207,254 | $50,429 |
| STEPHEN E HEALEY | PROVOST & VP OF ACADEMIC AFFAIRS Highest-paid employee | 50 | $227,016 | $13,788 |
| HOWARD E HORTON | EXECUTIVE DIRECTOR - NEIB Highest-paid employee | 50 | $163,146 | $36,923 |
| JAMES S LEE - DEAN SCHOOL OF | UNDERGRADUATE STUDIES Highest-paid employee | 50 | $133,576 | $46,595 |
| NITI SETH - DEAN SCHOOL OF | PSYCHOLOGY & COUNSELING Highest-paid employee | 50 | $165,338 | $11,076 |
| DENNIS MADIGAN | VP OF FINANCE & ADMIN. Officer | 50 | $160,170 | $13,082 |
| JOHN J SPINARD - VP OF | FINANCE & ADMIN. (THRU 07/2022) Highest-paid employee | 50 | $129,454 | $41,368 |
| LAURETTA D SIGGERS | VP OF HR & TALENT DEVELOPMENT Officer | 50 | $154,900 | $13,839 |
| PHILLIP E PAGE | VP OF STRATEGIC PARTNERSHIPS Officer | 50 | $120,448 | $47,464 |
| THOMAS J CAHILL JR - VP OF | INSTITUTIONAL ADVANCEMENT Officer | 50 | $145,925 | $11,611 |
| KEVIN MCCALL | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SUSAN M IFILL | CHAIR (THRU 12/2022) Trustee or director, Officer | 1.5 | $0 | $0 |
| STEPHANIE BROWNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALLAN COHEN | VICE CHAIR (THRU 10/2022) Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES L ANDERSON MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAMES SEGEL | CLERK Trustee or director, Officer | 1 | $0 | $0 |
| MARCELA ALDAZ-MATOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENNETH JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VIRGINIA LOEB | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERENCE MCCOURT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JESSE SOLOMON | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 RUTHERFORD AVE, BOSTON, MA 02129-1647
- In care of
- % JOHN SPINARD
- Principal officer (990 for 2024)
- DENNIS MADIGAN, 500 RUTHERFORD AVENUE, BOSTON, MA 02129
- Signed the 990
- DENNIS MADIGAN, PRESIDENT & VP OF FIN. & ADMIN
- Phone
- (617) 873-0449
- Website
- WWW.CAMBRIDGECOLLEGE.EDU
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
TO PROVIDE ACADEMICALLY EXCELLENT, TIME-EFFICIENT AND COST-EFFECTIVE HIGHER EDUCATION FOR A DIVERSE POPULATION OF WORKING ADULTS FOR WHOM THOSE OPPORTUNITIES MAY HAVE BEEN LIMITED OR DENIED.
Program accomplishments
- ON JULY 1, 2024, CAMBRIDGE COLLEGE CONTRIBUTED SUBSTANTIALLY ALL OF ITS ASSETS TO BPU ACQUISITION, LLC D/B/A CAMBRIDGE COLLEGE AT BAY PATH UNIVERSITY, A MASSACHUSETTS LIMITED LIABILITY COMPANY AND PUBLIC CHARITY THAT IS WHOLLY CONTROLLED BY THE MASSACHUSETTS NONPROFIT CORPORATION THAT OWNS AND OPERATES BAY PATH UNIVERSITY. AS A RESULT OF THIS TRANSACTION, CAMBRIDGE COLLEGE CEASED DOING BUSINESS AND IS IN THE PROCESS OF DISSOLVING THE CORPORATE LEGAL ENTITY AND WINDING UP ITS AFFAIRS. THE TRANSACTION IS SUBJECT TO FINAL REGULATORY APPROVALS OF THE DEPARTMENT OF EDUCATION AND MASSACHUSETTS ATTORNEY GENERAL, AMONG OTHERS.Expenses $52,837 · revenue $78,288
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 51-0163080
- 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
- 1975
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $8,335,603
- Income (IRS master file)
- $384,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $384,361 | $983,244 | $8,335,603 | XML |
| 990 | August 2024 | $19,375,287 | $33,701,062 | $9,490,560 | XML |
| 990 | August 2023 | $35,337,289 | $39,512,844 | $110,868,797 | XML |
| 990 | August 2022 | $31,368,471 | $40,781,120 | $66,113,929 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 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 51-0163080).
Questions about CAMBRIDGE COLLEGE INC
- What is the EIN of CAMBRIDGE COLLEGE INC?
- The employer identification number (EIN) of CAMBRIDGE COLLEGE INC is 51-0163080.
- Is CAMBRIDGE COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to CAMBRIDGE COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAMBRIDGE COLLEGE INC 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 CAMBRIDGE COLLEGE INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAMBRIDGE COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of CAMBRIDGE COLLEGE INC?
- The 990 for the year ended August 31, 2025 names DENNIS MADIGAN.
- Who are the officers and directors of CAMBRIDGE COLLEGE INC?
- The 990 for the year ended August 31, 2025 lists 13 people; 11 received compensation from the organization, the highest $386,090 (STEPHEN E HEALEY, FORMER INTERIM PRESIDENT).
- How much revenue does CAMBRIDGE COLLEGE INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $384,361, expenses of $983,244 and total assets of $8,335,603 at year end.
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