Champlain College Incorporated FY2022 filing

Claim this org

(tell your story, add context, and more)

How does your 990 look to donors? Take the 10-Question Audit

An institution of higher education that prepares students to excel through radically pragmatic career-focused education. We are a supportive learning community that advances society by delivering uniquely future-focused academic programs, transformative hands-on experiences, and meaningful connections and collaborations that engage the passions of our students to create a better world.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$4.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $1.4M a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.2M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $64.6M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $54K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$84.7M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 36 voting members
Looks good: 35 of 36 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127.0M
+6% vs prior year
Spent
$125.8M
To programs
86%
Net assets
$141.3M
By yearFY2020–FY2025
Revenue
$127.0M
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$123.9M
FY2021$119.7M
FY2022$127.0M
FY2023$128.5M
FY2024$136.2M
FY2025$122.7M
Expenses
$125.8M
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$123.3M
FY2021$124.1M
FY2022$125.8M
FY2023$129.8M
FY2024$136.8M
FY2025$126.8M
Net assets
$141.3M
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$145.0M
FY2021$153.1M
FY2022$141.3M
FY2023$138.2M
FY2024$136.6M
FY2025$134.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $108.4M Management & general 13% · $15.7M Fundraising 1% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

57 people listed on the 990-T; $4.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Former President
$734,521Pt VII · Sec A
Interim President
$497,419Pt VII · Sec A
$352,534Pt VII · Sec A
Vice President
$243,180Pt VII · Sec A
Vice President
$212,256Pt VII · Sec A
Vice President
$201,245Pt VII · Sec A
Vice President
$199,028Pt VII · Sec A
$174,568Pt VII · Sec A

Alejandro E Hernandez’s $465K as President is at the 33rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Benjamin Akande———$734,521$268,007—
Donald J Laackman—————$687,892
David Finney——$270,822$497,419——
Alejandro E Hernandez$465,337$446,273$322,007———
Laurie Quinn————$443,348$314,299
Paula Willoquet-Maricondi———$352,534$169,176—
Monique Taylor$299,663$299,475$294,713$134,338——
Leslie Averill$269,409$269,413$272,084$243,180$107,778—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Champlain College Incorporated executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students through undergraduate and graduate degree programs.

Questions for Champlain College Incorporated

Tap to ask. Champlain College Incorporated sees how many people are interested.

Your first name shows with your question. Champlain College Incorporated answers here, for everyone.

3 programs · $108.4M · in their own filed words · FY2021
01

Undergraduate program- the college has five undergraduate campus divisions, including business, communication & creative media, education & human studies, information technology & sciences, and core.

$84.1Mprogram expense
02

Graduate and champlain college online (cco)- the mission of champlain's graduate studies is to provide current and aspiring professionals with innovative programs that embrace reflective learning, expand professional expertise, inspire creative and critical thinking, and infuse the joy of lifelong learning.

$16.6Mprogram expense
03

Auxiliary enterprises- residential life at champlain college includes 20 traditional residence halls and 9 apartment style housing complexes, each with distinctive architectural features. Each residence has a community-oriented atmosphere.

$7.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$54K
See all 3 funders →
Grants paid · 21 grants · $236.9M · 2019–2024
Unitemized GrantFY2024$38,298,939
Unitemized GrantFY2024$308,263
Unitemized GrantFY2023$41,601,596
Unitemized GrantFY2023$361,069
Unitemized GrantFY2023$73,800
Unitemized GrantFY2022$39,342,212
Unitemized GrantFY2022$308,263
Unitemized GrantFY2022$73,970
Unitemized GrantFY2021$37,084,147
Unitemized GrantFY2021$2,466,865
Unitemized GrantFY2021$322,676
Unitemized GrantFY2021$207,702
Unitemized GrantFY2020$36,994,025
Unitemized GrantFY2020$1,183,172
Unitemized GrantFY2020$522,255
Unitemized GrantFY2020$293,850
Unitemized GrantFY2019$36,554,646
Unitemized GrantFY2019$417,468
See all 21 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $33.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$21.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.6M
Congressionally-Identified ProjectsDepartment of Commerce · ALN 11.617 · Through Dept of Commerce$5.1M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$308K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$300K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $30.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$23.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.5M
Centers for Homeland SecurityDepartment of Homeland Security · ALN 97.061 · Through Dept of Homeland Security$535K
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$442K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$361K

Plus 11 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $30.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$24.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.9M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$714K
Centers for Homeland SecurityDepartment of Homeland Security · ALN 97.061 · Through George Mason$439K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$307K

Plus 9 smaller programs.

The auditor reported 1 finding: a weakness in money controls, questioned costs.

Year ending Jun 2022 · $36.9M federal money spent
Federal Direct Student Loans (note 2)Department of Education · ALN 84.268 · Direct$25.1M
Educational Stablization FundDepartment of Education · ALN 84.425 · Direct$4.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.GSA_MIGRATION · Direct$4.0M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.2M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through State of Vermont$844K

Plus 8 smaller programs.

The auditor reported no findings.

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$127.0M
Fees for services$106.5M
Gifts and grants$13.0M
Investment income$5.4M
Money out
$125.8M
Programs$108.4M
Management$15.7M
Fundraising$1.7M
Owns and owes
$141.3M
net assets
Cash and savings$18.9M
Total assets$226.0M
Liabilities$84.7M
People
57
listed
Paid19
Voting board36
Independent35
2In more detail
Revenue in detail
Gifts and grants$13.0M
Government grants$6.9M
Fees for services$106.5M
Investment income$5.4M
Other income$2.0M
Total revenue$127.0M
Assets in detailEnd of year
Cash and savings together$18.9M
Total assets$226.0M
Liabilities$84.7M
Net assets$141.3M
Operations
Employees1,540
Volunteers29
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $122.7M$126.8M−$4.2M$134.9M 990 PDF
FY2024Filed with the IRS May 14, 2025 $136.2M$136.8M−$542K$136.6M 990 PDF
FY2023Filed with the IRS May 14, 2024 $128.5M$129.8M−$1.3M$138.2M 990 PDF
FY2022 Viewing $127.0M$125.8M$1.1M$141.3M 990 PDF
FY2021Filed with the IRS May 9, 2022 $119.7M$124.1M−$4.4M$153.1M 990 PDF
FY2020Filed with the IRS May 10, 2021 $123.9M$123.3M$664K$145.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.