Connecticut College

Tax-deductible

New London, CT501(c)(3)Since 1911Colleges & UniversitiesEIN 06-0646587Revenue $185.8M in FY2025

On file with the IRSconncoll.edu270 Mohegan Ave, 06320-4125 · New London, CTTax-exempt since Feb 1935School — 170(b)(1)(A)(ii)

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Connecticut College educates students to put the liberal arts into action as citizens of a global society. For additional information, see schedule o.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 985 volunteers and 1,918 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: 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
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $6.7M a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 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
$2.7M
to officers and key staff · 1% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $701K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$181.5M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 34 voting members
Looks good: 33 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185.8M
-3% vs prior year
Spent
$212.9M
To programs
86%
Net assets
$613.8M
By yearFY2020–FY2025
Revenue
$185.8M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$152.7M
FY2021$170.9M
FY2022$177.6M
FY2023$182.1M
FY2024$191.8M
FY2025$185.8M
Expenses
$212.9M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$163.9M
FY2021$154.1M
FY2022$178.4M
FY2023$192.0M
FY2024$199.6M
FY2025$212.9M
Net assets
$613.8M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$400.6M
FY2021$542.5M
FY2022$521.4M
FY2023$545.5M
FY2024$586.5M
FY2025$613.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1935.

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% · $183.6M Management & general 11% · $23.1M Fundraising 3% · $6.2M

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

46 people listed on the 990; $2.7M 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
President (as of 7/1/2024)
$300,837Pt VII · Sec A
FMR VP Marketing & Communications
$283,503Pt VII · Sec A
FMR. Interim Pres. (thru 6/24)
$278,752Pt VII · Sec A
Exec Dir Facilities Mgmt Plan
$244,761Pt VII · Sec A
Former President
$231,512Pt VII · Sec A
Dean of Faculty
$228,924Pt VII · Sec A
VP HR and Org. Dev. (thru 8/24)
$220,714Pt VII · Sec A
Dean of Students
$211,149Pt VII · Sec A

Andrea Chapdelaine’s $301K as President (as of 7/1/2024) is at the 12th 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
Katherine Bergeron$231,512$699,100$428,023$424,068$322,037$629,728
Kimberly M Verstandig—$232,471$387,630$331,624$284,042$260,145
Andrea Chapdelaine$300,837—————
Richard a Madonna JR——$213,085$287,056$294,067$293,362
John Cramer$283,503$212,980————
Reginald White$220,714$282,533$182,971———
Leslie E Wong$278,752$203,337————
Jeffrey E Cole$129,500$183,617$252,989$223,904$221,402$221,083

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

Sends students abroad or elsewhere in the US to study for credit, promoting global citizenship and international studies.

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Provided by the organization

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3 programs · $181.4M · in their own filed words · FY2024
01

*undergraduate instruction*the teaching of undergraduate students working towards a four-year degree in one of the various liberal arts and sciences majors offered by connecticut college. The college's academic programs in the arts, humanities, sciences, and social sciences are designed to shape ethical, informed citizens with a global…

$137.7Mprogram expense
02

*auxiliary services*auxiliary services involves running the college's numberous dormitories and dining facilities. Connecticut college is a residential campus. Ninety-eight percent of students live on campus in 23 residence halls. Four dining halls on campus serve our students in a variety of capacities.

$38.9Mprogram expense
03

*study away*is an opportunity for qualified students to study away for credit abroad or elsewhere in the us. The college has a long tradition of recognizing the importance of int'l studies and study away as reflected in our mission statement: "connecticut college educates students to put the liberal arts into action as citizens in a…

$4.9Mprogram 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
See all 10 funders →
Grants paid · 21 grants · $378.0M · 2019–2024
Unitemized GrantFY2024$74,761,000
Unitemized GrantFY2024$309,000
Unitemized GrantFY2024$93,000
Unitemized GrantFY2023$71,834,000
Unitemized GrantFY2023$309,000
Unitemized GrantFY2023$172,000
Unitemized GrantFY2022$67,126,000
Unitemized GrantFY2022$309,000
Unitemized GrantFY2022$89,000
Unitemized GrantFY2021$59,311,734
Unitemized GrantFY2021$1,566,266
Unitemized GrantFY2021$309,000
Unitemized GrantFY2021$122,000
Unitemized GrantFY2020$49,077,644
Unitemized GrantFY2020$601,356
Unitemized GrantFY2020$309,000
Unitemized GrantFY2020$137,000
Unitemized GrantFY2019$50,304,900
See all 21 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$185.8M
Ln 12
Fees for servicesLn 2g$166.5M
Gifts and grantsLn 1h$16.2M
Investment incomeLn 3$2.3M
Money outPt IX
$212.9M
Ln 25
Programscol B$183.6M
Managementcol C$23.1M
Fundraisingcol D$6.2M
Owns and owesPt X
$613.8M
net assets · Ln 32
Cash and savingsLn 1–2$58.3M
Total assetsLn 16$795.3M
LiabilitiesLn 26$181.5M
PeoplePt VI, VII
46
listed · VII A
PaidVII A13
Voting boardVI 1a34
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.2M
Government grantsLn 1e$4.0M
Noncash giftsLn 1g$2.4M
Fees for servicesLn 2g$166.5M
Investment incomeLn 3$2.3M
Other incomeLn 4–11$765K
Gains on assetsLn 7$491K
Total revenueLn 12$185.8M
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$58.3M
Cash and savings togetherLn 1–2$58.3M
InvestmentsLn 11–13$511.3M
Land, buildings, equipmentLn 10c$159.0M
Other assetsLn 15$49.1M
Total assetsLn 16$795.3M
LiabilitiesLn 26$181.5M
Net assetsLn 32$613.8M
OperationsPt I, VI
EmployeesI 51,918
VolunteersI 6985
Fiscal year endsHeaderJune
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
LineStart FY25End FY25
Cash and savingsLn 1–2$53.4M$58.3M
InvestmentsLn 11–13$484.9M$511.3M
Land, buildings, equipmentLn 10c$133.3M$159.0M
Total assetsLn 16$755.0M$795.3M
LiabilitiesLn 26$168.5M$181.5M
Net assetsLn 32$586.5M$613.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$75.2M$75.2M
Pay of current officers, directors and key staffLn 5$1.1M$484K$529K$109K
Pay of disqualified personsLn 6$143K$143K
Other salaries and wagesLn 7$50.1M$41.7M$5.5M$2.8M
Pension plan contributionsLn 8$4.0M$3.1M$560K$360K
Other employee benefitsLn 9$11.2M$8.5M$2.2M$450K
Payroll taxesLn 10$3.6M$2.7M$498K$320K
Legal feesLn 11b$301K$11K$290K
Accounting feesLn 11c$272K$272K
Investment management feesLn 11f$4.0M$4.0M
Other fees for servicesLn 11g$15.6M$14.6M$732K$193K
Advertising and promotionLn 12$98K$30K$68K
Office expensesLn 13$4.2M$3.3M$748K$155K
Information technologyLn 14$2.2M$1.9M$304K
RoyaltiesLn 15$18K$18K
OccupancyLn 16$11.7M$11.7M
TravelLn 17$2.4M$2.2M$124K$63K
Conferences, conventions and meetingsLn 19$328K$175K$137K$16K
InterestLn 20$4.2M$1.0M$3.2M
Depreciation, depletion and amortizationLn 22$9.6M$7.2M$1.1M$1.3M
InsuranceLn 23$3.0M$976K$2.0M
Other expenses (24a–d)Ln 24$6.8M$6.2M$400K$198K
All other expensesLn 24e$2.9M$2.3M$524K$115K
Total functional expensesLn 25$212.9M$183.6M$23.1M$6.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $185.8M$212.9M−$27.0M$613.8M 990 PDF
FY2024 $191.8M$199.6M−$7.8M$586.5M 990 PDF
FY2023 $182.1M$192.0M−$10.0M$545.5M 990 PDF
FY2022 $177.6M$178.4M−$819K$521.4M 990 PDF
FY2021 $170.9M$154.1M$16.8M$542.5M 990 PDF
FY2020 $152.7M$163.9M−$11.2M$400.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $185,831,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,110,000$16,200,000
I-9 Program service revenuePrior year $162,608,000$166,540,000
I-10 Investment incomePrior year $2,450,000$2,326,000
I-11 Other revenuePrior year $617,000$765,000
I-12 Total revenuePrior year $191,785,000$185,831,000
I-13 Grants and similar amounts paidPrior year $72,315,000$75,163,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $70,071,000$70,035,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,237,000$67,666,000
I-18 Total expensesPrior year $199,623,000$212,864,000
I-19 Revenue less expensesPrior year −$7,838,000−$27,033,000
Part VI · Governance 33 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members33
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 $185,831,000 across 10 lines filed
VIII-1e Government grants$3,995,000
VIII-1f All other contributions, gifts and grants$12,205,000
VIII-1g Noncash contributions (included above)$2,401,000
VIII-1h Total contributions, gifts and grants$16,200,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $166,540,000$166,540,000
VIII-3 Investment incomeUnrelated business $331,000 · Excluded from tax $1,504,000$1,835,000
VIII-6 Net rental income or lossExcluded from tax $56,000$56,000
VIII-7 Net gain or loss on sales of assetsUnrelated business $75,000 · Excluded from tax $416,000$491,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $709,000$709,000
VIII-12 Total revenueRelated to mission $166,540,000 · Unrelated business $406,000 · Excluded from tax $2,685,000$185,831,000
Part IX · Statement of functional expenses $212,864,000 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $75,163,000$75,163,000
IX-5 Pay of current officers, directors and key staffPrograms $484,000 · Management $529,000 · Fundraising $109,000$1,122,000
IX-6 Pay of disqualified personsPrograms $143,000$143,000
IX-7 Other salaries and wagesPrograms $41,721,000 · Management $5,492,000 · Fundraising $2,841,000$50,054,000
IX-8 Pension plan contributionsPrograms $3,078,000 · Management $560,000 · Fundraising $360,000$3,998,000
IX-9 Other employee benefitsPrograms $8,506,000 · Management $2,207,000 · Fundraising $450,000$11,163,000
IX-10 Payroll taxesPrograms $2,737,000 · Management $498,000 · Fundraising $320,000$3,555,000
IX-11b Legal feesPrograms $11,000 · Management $290,000$301,000
IX-11c Accounting feesManagement $272,000$272,000
IX-11f Investment management feesManagement $4,048,000$4,048,000
IX-11g Other fees for servicesPrograms $14,647,000 · Management $732,000 · Fundraising $193,000$15,572,000
IX-12 Advertising and promotionPrograms $30,000 · Management $68,000$98,000
IX-13 Office expensesPrograms $3,312,000 · Management $748,000 · Fundraising $155,000$4,215,000
IX-14 Information technologyPrograms $1,895,000 · Management $304,000$2,199,000
IX-15 RoyaltiesPrograms $18,000$18,000
IX-16 OccupancyPrograms $11,729,000$11,729,000
IX-17 TravelPrograms $2,193,000 · Management $124,000 · Fundraising $63,000$2,380,000
IX-19 Conferences, conventions and meetingsPrograms $175,000 · Management $137,000 · Fundraising $16,000$328,000
IX-20 InterestPrograms $1,006,000 · Management $3,151,000$4,157,000
IX-22 Depreciation, depletion and amortizationPrograms $7,222,000 · Management $1,059,000 · Fundraising $1,348,000$9,629,000
IX-23 InsurancePrograms $976,000 · Management $1,976,000$2,952,000
IX-24 Other expenses (24a–d)Programs $6,224,000 · Management $400,000 · Fundraising $198,000$6,822,000
IX-24e All other expensesPrograms $2,307,000 · Management $524,000 · Fundraising $115,000$2,946,000
IX-25 Total functional expensesPrograms $183,577,000 · Management $23,119,000 · Fundraising $6,168,000$212,864,000
Part X · Balance sheet $795,288,000 assets, 21 lines filed
Asset lines not itemized here account for $97,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $22,000$8,000
X-2 Savings and temporary cash investmentsStart of year $53,341,000$58,338,000
X-3 Pledges and grants receivableStart of year $19,835,000$14,461,000
X-4 Accounts receivableStart of year $1,369,000$1,289,000
X-8 Inventories for sale or useStart of year $407,000$350,000
X-9 Prepaid expenses and deferred chargesStart of year $1,480,000$1,344,000
X-10c Land, buildings and equipment, netStart of year $133,267,000$158,992,000
X-11 Publicly traded securitiesStart of year $288,855,000$300,208,000
X-12 Other securitiesStart of year $196,001,000$211,077,000
X-15 Other assetsStart of year $60,275,000$49,124,000
X-16 Total assetsStart of year $754,976,000$795,288,000
X-17 Accounts payable and accrued expensesStart of year $10,844,000$18,430,000
X-19 Deferred revenueStart of year $2,713,000$10,890,000
X-20 Tax-exempt bond liabilitiesStart of year $101,140,000$100,850,000
X-24 Unsecured notes and loans payableStart of year $32,635,000$30,361,000
X-25 Other liabilitiesStart of year $21,194,000$20,958,000
X-26 Total liabilitiesStart of year $168,526,000$181,489,000
X-27 Net assets without donor restrictionsStart of year $97,346,000$94,179,000
X-28 Net assets with donor restrictionsStart of year $489,104,000$519,620,000
X-32 Total net assets or fund balancesStart of year $586,450,000$613,799,000
X-33 Total liabilities and net assetsStart of year $754,976,000$795,288,000
Part XI · Reconciliation of net assets $613,799,000 net assets at year end
XI-1 Total revenue$185,831,000
XI-2 Total expenses$212,864,000
XI-3 Revenue less expenses−$27,033,000
XI-4 Net assets at start of year$586,450,000
XI-5 Net unrealized gains (losses) on investments$53,298,000
XI-9 Other changes in net assets$1,084,000
XI-10 Net assets at end of year$613,799,000

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

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