William James College INC: Nonprofit Profile, Financials & Form 990 (EIN 04-2620216)

Revenue by fiscal year
FY2020	$34.2M
FY2021	$38.6M
FY2022	$39.6M
FY2023	$44.9M
FY2024	$48.2M
FY2025	$51.8M

Expenses by fiscal year
FY2020	$31.0M
FY2021	$34.9M
FY2022	$38.4M
FY2023	$43.8M
FY2024	$46.3M
FY2025	$50.0M

Net assets by fiscal year
FY2020	$18.0M
FY2021	$23.6M
FY2022	$23.6M
FY2023	$24.1M
FY2024	$27.9M
FY2025	$30.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1978.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $44.7M Management & general 9% · $4.7M Fundraising 1% · $627K

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

24 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Nicholas Covino

President

$714,030Pt VII · Sec A

Daniel Brent

Treasurer and Clerk

$299,861Pt VII · Sec A

Stacey Lambert

Vice President of Academic Affairs

$293,942Pt VII · Sec A

Daniel Tierney

VP of Business Development

$265,619Pt VII · Sec A

Gemima St Louis

VP for Workforce Initiatives

$256,955Pt VII · Sec A

Nilda Laboy

Ass. VP for Academic Affairs

$225,655Pt VII · Sec A

Evan Grenier

Ass. VP of Enrollment Mgmt.

$180,763Pt VII · Sec A

Shannon Llorentty

Assistant Clerk

$80,003Pt VII · Sec A

Nicholas Covino’s $714K as President is at the 96th percentile of top reported officer pay among 3683 $10–100M 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Nicholas Covino	$714,030	$784,140	$675,319	$1,193,140	$556,471	$516,672
Daniel Brent	$299,861	$293,846	$281,994	$264,339	$275,851	$247,247
Stacey Lambert	$293,942	$288,632	$280,354	$268,807	$269,176	$229,505
Daniel Tierney	$265,619	$257,667	—	—	—	—
Gemima St Louis	$256,955	$246,340	$227,440	$214,864	$174,459	—
Nilda Laboy	$225,655	$212,741	$201,413	$191,831	$192,920	$178,310
Stanley Berman	—	—	—	—	—	$220,141
Bruce Ecker	—	—	—	—	$210,834	$186,311

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 William James College INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 mental health specialists through rigorous academics and field experience.

Questions for William James College INC

Tap to ask. William James College INC sees how many people are interested.

Your first name shows with your question. William James College INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $44.7M · in their own filed words · FY2024

01

Advanced degree educational institution for psychology (approximately 950 STUDENTS).ACADEMIC programs: william james college offers innovative academic programs that train practitioners who are sensitive to underserved populations and is committed to maintaining an environment which acknowledges and respects cultural and individual…

$44.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2025

Sonya Kurzweil Developmental Center INCFY2025$18K

The Harris Foundation INCFY2025$500

Total grants receivedfrom 2 funders$18K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$51.8M

Ln 12

Fees for servicesLn 2g$38.6M

Gifts and grantsLn 1h$11.7M

Investment incomeLn 3$1.4M

Money outPt IX

$50.0M

Ln 25

Programscol B$44.7M

Managementcol C$4.7M

Fundraisingcol D$627K

Owns and owesPt X

$30.3M

net assets · Ln 32

Cash and savingsLn 1–2$9.4M

Total assetsLn 16$61.5M

LiabilitiesLn 26$31.2M

PeoplePt VI, VII

24

listed · VII A

PaidVII A8

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$11.7M

Government grantsLn 1e$8.5M

Fundraising eventsLn 1c$19K

Fees for servicesLn 2g$38.6M

Investment incomeLn 3$1.4M

Other incomeLn 4–11$67K

Gains on assetsLn 7$658K

Total revenueLn 12$51.8M

Assets in detailPt X, end of year

CashLn 1$4.9M

SavingsLn 2$4.5M

Cash and savings togetherLn 1–2$9.4M

InvestmentsLn 11–13$21.4M

Land, buildings, equipmentLn 10c$26.6M

Total assetsLn 16$61.5M

LiabilitiesLn 26$31.2M

Net assetsLn 32$30.3M

OperationsPt I, VI

EmployeesI 5713

VolunteersI 620

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$7.4M	$9.4M
InvestmentsLn 11–13	$19.1M	$21.4M
Land, buildings, equipmentLn 10c	$27.5M	$26.6M
Total assetsLn 16	$58.0M	$61.5M
LiabilitiesLn 26	$30.2M	$31.2M
Net assetsLn 32	$27.9M	$30.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$5.1M	$5.1M
Pay of current officers, directors and key staffLn 5	$1.2M		$1.2M
Other salaries and wagesLn 7	$26.6M	$25.4M	$891K	$349K
Pension plan contributionsLn 8	$728K	$692K	$32K	$4K
Other employee benefitsLn 9	$2.8M	$2.5M	$237K	$45K
Payroll taxesLn 10	$1.8M	$1.7M	$111K	$26K
Legal feesLn 11b	$326K		$326K
Accounting feesLn 11c	$88K		$88K
Lobbying feesLn 11d	$143K		$143K
Investment management feesLn 11f	$148K		$148K
Other fees for servicesLn 11g	$2.6M	$2.4M	$101K	$124K
Advertising and promotionLn 12	$1.5M	$1.5M
Office expensesLn 13	$1.3M	$670K	$649K	$6K
Information technologyLn 14	$1.1M	$1.0M	$106K	$26K
OccupancyLn 16	$904K	$802K	$87K	$15K
TravelLn 17	$94K	$91K	$3K	$315
Conferences, conventions and meetingsLn 19	$252K	$201K	$50K
InterestLn 20	$559K	$506K	$45K	$8K
Depreciation, depletion and amortizationLn 22	$1.8M	$1.7M	$150K	$25K
InsuranceLn 23	$317K		$317K
Other expenses (24a–d)Ln 24	$565K	$565K
Total functional expensesLn 25	$50.0M	$44.7M	$4.7M	$627K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$51.8M	$50.0M	$1.8M	$30.3M	990 PDF
FY2024	$48.2M	$46.3M	$1.9M	$27.9M	990 PDF
FY2023	$44.9M	$43.8M	$1.1M	$24.1M	990 PDF
FY2022	$39.6M	$38.4M	$1.2M	$23.6M	990 PDF
FY2021	$38.6M	$34.9M	$3.8M	$23.6M	990 PDF
FY2020	$34.2M	$31.0M	$3.2M	$18.0M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $51,788,980 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $11,280,205$11,681,701

I-9 Program service revenuePrior year $36,245,084$38,605,219

I-10 Investment incomePrior year $719,597$1,435,468

I-11 Other revenuePrior year −$15,408$66,592

I-12 Total revenuePrior year $48,229,478$51,788,980

I-13 Grants and similar amounts paidPrior year $4,195,971$5,059,346

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $31,354,807$33,108,156

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $10,740,688$11,828,107

I-18 Total expensesPrior year $46,291,466$49,995,609

I-19 Revenue less expensesPrior year $1,938,012$1,793,371

Part VI · Governance 16 of 16 board members independent, no flags

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $51,788,980 across 10 lines filed

VIII-1c Fundraising events$19,080

VIII-1e Government grants$8,461,516

VIII-1f All other contributions, gifts and grants$3,201,105

VIII-1h Total contributions, gifts and grants$11,681,701

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,605,219$38,605,219

VIII-3 Investment incomeExcluded from tax $777,149$777,149

VIII-6 Net rental income or lossUnrelated business −$13,035 · Excluded from tax −$7,452−$20,487

VIII-7 Net gain or loss on sales of assetsExcluded from tax $658,319$658,319

VIII-8 Net income from fundraising eventsExcluded from tax $87,079$87,079

VIII-12 Total revenueRelated to mission $38,605,219 · Unrelated business −$13,035 · Excluded from tax $1,515,095$51,788,980

Part IX · Statement of functional expenses $49,995,609 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $5,059,346$5,059,346

IX-5 Pay of current officers, directors and key staffManagement $1,196,680$1,196,680

IX-7 Other salaries and wagesPrograms $25,382,367 · Management $891,434 · Fundraising $348,907$26,622,708

IX-8 Pension plan contributionsPrograms $692,000 · Management $32,000 · Fundraising $4,000$728,000

IX-9 Other employee benefitsPrograms $2,476,559 · Management $236,785 · Fundraising $45,010$2,758,354

IX-10 Payroll taxesPrograms $1,665,814 · Management $110,834 · Fundraising $25,766$1,802,414

IX-11b Legal feesManagement $326,472$326,472

IX-11c Accounting feesManagement $87,562$87,562

IX-11d Lobbying feesManagement $142,735$142,735

IX-11f Investment management feesManagement $148,267$148,267

IX-11g Other fees for servicesPrograms $2,412,355 · Management $100,627 · Fundraising $123,658$2,636,640

IX-12 Advertising and promotionPrograms $1,489,875$1,489,875

IX-13 Office expensesPrograms $670,050 · Management $649,483 · Fundraising $6,241$1,325,774

IX-14 Information technologyPrograms $1,004,554 · Management $105,668 · Fundraising $26,098$1,136,320

IX-16 OccupancyPrograms $801,957 · Management $87,340 · Fundraising $14,594$903,891

IX-17 TravelPrograms $90,561 · Management $3,165 · Fundraising $315$94,041

IX-19 Conferences, conventions and meetingsPrograms $201,386 · Management $50,382$251,768

IX-20 InterestPrograms $506,390 · Management $45,423 · Fundraising $7,590$559,403

IX-22 Depreciation, depletion and amortizationPrograms $1,668,482 · Management $149,664 · Fundraising $25,008$1,843,154

IX-23 InsuranceManagement $317,167$317,167

IX-24 Other expenses (24a–d)Programs $565,038$565,038

IX-25 Total functional expensesPrograms $44,686,734 · Management $4,681,688 · Fundraising $627,187$49,995,609

Part X · Balance sheet $61,491,197 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $4,576,868$4,942,817

X-2 Savings and temporary cash investmentsStart of year $2,864,143$4,472,204

X-3 Pledges and grants receivable$60,000

X-4 Accounts receivableStart of year $3,196,774$3,402,182

X-9 Prepaid expenses and deferred chargesStart of year $719,587$639,612

X-10c Land, buildings and equipment, netStart of year $27,542,244$26,578,732

X-11 Publicly traded securitiesStart of year $19,138,379$21,395,650

X-16 Total assetsStart of year $58,037,995$61,491,197

X-17 Accounts payable and accrued expensesStart of year $3,127,019$3,889,913

X-19 Deferred revenueStart of year $4,330,006$5,176,789

X-20 Tax-exempt bond liabilitiesStart of year $22,696,895$22,120,091

X-26 Total liabilitiesStart of year $30,153,920$31,186,793

X-27 Net assets without donor restrictionsStart of year $26,529,664$28,582,351

X-28 Net assets with donor restrictionsStart of year $1,354,411$1,722,053

X-32 Total net assets or fund balancesStart of year $27,884,075$30,304,404

X-33 Total liabilities and net assetsStart of year $58,037,995$61,491,197

Part XI · Reconciliation of net assets $30,304,404 net assets at year end

XI-1 Total revenue$51,788,980

XI-2 Total expenses$49,995,609

XI-3 Revenue less expenses$1,793,371

XI-4 Net assets at start of year$27,884,075

XI-5 Net unrealized gains (losses) on investments$626,958

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$30,304,404

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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.

Your org? Add context

Made it to the end? Claim this org