Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $824K paid to officers and key staff.
Sarah Pfatteicher’s $325K as Executive Director/Clerk is at the 69th 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 |
|---|---|---|---|---|---|---|
| Sarah Pfatteicher | $324,607 | $298,083 | $274,215 | $262,571 | $256,650 | $252,814 |
| Yvette Morneau | $154,294 | $143,739 | $133,040 | $127,953 | $123,789 | $123,718 |
| Ruth Rauluk | $136,009 | $123,823 | $118,719 | $121,881 | — | — |
| Raymond Rennard | $126,525 | $115,308 | $108,603 | $104,513 | $103,157 | — |
| Thomas Brennan | $123,197 | — | — | — | — | — |
| Lashonda Pettiford | $120,732 | $110,457 | $102,251 | $98,825 | — | — |
| Maria Toyofuku | — | — | $112,040 | $107,908 | $107,742 | $105,501 |
| Ina Clark | $108,544 | — | — | — | — | — |
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.
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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
Enriches member colleges and university through academic and administrative collaboration.
Questions for Five Colleges Incorporated
Your first name shows with your question. Five Colleges Incorporated answers here, for everyone.
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Provides cooperative programs such as student interchange, library depository and open borrowing agreements, joint curricular programs, and joint administrative programs for the five member institutions (30,000 students & faculty).
Joint faculty appointments and development (30,000 students & faculty served).
Operation of fiber optic network to connect the five campuses with high-speed broadband internet access (30,000 students & faculty served).
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.7M | $8.3M |
| InvestmentsLn 11–13 | $18.5M | $15.9M |
| Land, buildings, equipmentLn 10c | $10.5M | $9.9M |
| Total assetsLn 16 | $37.1M | $34.4M |
| LiabilitiesLn 26 | $9.0M | $8.6M |
| Net assetsLn 32 | $28.2M | $25.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $496K | $496K | ||
| Other salaries and wagesLn 7 | $2.1M | $1.5M | $510K | $95K |
| Pension plan contributionsLn 8 | $223K | $110K | $103K | $10K |
| Other employee benefitsLn 9 | $263K | $184K | $79K | $450 |
| Payroll taxesLn 10 | $204K | $118K | $72K | $14K |
| Legal feesLn 11b | $3K | $1K | $2K | |
| Accounting feesLn 11c | $25K | $500 | $25K | |
| Investment management feesLn 11f | $39K | $39K | ||
| Other fees for servicesLn 11g | $645K | $630K | $15K | |
| Advertising and promotionLn 12 | $16K | $14K | $2K | |
| Office expensesLn 13 | $247K | $203K | $44K | |
| Information technologyLn 14 | $628K | $525K | $103K | |
| OccupancyLn 16 | $273K | $256K | $17K | |
| TravelLn 17 | $55K | $50K | $5K | |
| Conferences, conventions and meetingsLn 19 | $45K | $31K | $15K | |
| InterestLn 20 | $208K | $208K | ||
| Depreciation, depletion and amortizationLn 22 | $614K | $592K | $21K | |
| InsuranceLn 23 | $86K | $17K | $68K | |
| Other expenses (24a–d)Ln 24 | $3.7M | $3.7M | $33K | |
| Total functional expensesLn 25 | $9.9M | $8.2M | $1.7M | $120K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $10.2M | $11.5M | −$1.3M | $27.8M | 990 PDF |
| FY2024 | $9.9M | $11.4M | −$1.5M | $27.1M | 990 PDF |
| FY2023 | $10.0M | $10.3M | −$302K | $26.7M | 990 PDF |
| FY2022 Viewing | $10.4M | $9.9M | $427K | $25.8M | 990 PDF |
| FY2021 | $9.9M | $9.6M | $319K | $28.2M | 990 PDF |
| FY2020 | $11.0M | $9.6M | $1.4M | $23.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $10,361,692 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $10,361,692 across 6 lines filed
Part IX · Statement of functional expenses $9,934,528 across 19 lines filed
Part X · Balance sheet $34,378,872 assets, 16 lines filed
Part XI · Reconciliation of net assets $25,796,781 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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