Bowdoin College
85% goes to programs $18 to raise $100 Strong reserves
Bowdoin College is a 501(c)(3) organization based in Brunswick, Maine, registered in 1935, with $369,776,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
5400 College Sta, Brunswick, ME, 04011 EIN 01-0215213 Since 1935
Revenue (FY2023)
$369.8M
▲ 4.1% vs prior year
Education median: $200K
Expenses (FY2023)
$296.5M
Net assets
$2.8B
Employees
3,102
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $18 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bowdoin College: 85% to programs · $18 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating113 mo reserves · +20% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bowdoin College: 113 mo reserves · +20% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bowdoin College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bowdoin College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Four-year private undergraduate liberal arts college. see part iii, line 1 for detailed mission
Contact & location
- Address
- 5400 College Sta, Brunswick, ME, 04011
- City
- Brunswick
- State
- Maine
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $235.3M (FY2013) to $369.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $431.9MNet assets $2.8B
Operating margin
19.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.2B
Total liabilities
$431.9M
Net assets
$2.8B
Salaries & benefits
$140.2M
47% of expenses
Board members
40
39 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $369,776,000▲4.1% | $296,467,000▲7.7% | $2,802,696,000▲7.0% | $3,234,630,000▲6.1% | 990 |
| 2022 | $355,248,000▼13.7% | $275,375,000▲7.7% | $2,619,094,000▼1.8% | $3,048,898,000▼1.7% | 990 |
| 2021 | $411,778,000▲14.7% | $255,587,000▲6.3% | $2,666,144,000▼8.6% | $3,102,956,000▼5.9% | 990 |
| 2020 | $359,057,000▲10.5% | $240,341,000▲2.9% | $2,918,345,000▲47.3% | $3,297,186,000▲39.8% | 990 |
| 2019 | $324,967,000▲14.8% | $233,530,000 | $1,981,536,000▲3.2% | $2,358,149,000▼0.9% | 990 |
| 2018 | $283,025,000▲19.0% | $233,576,000▲10.1% | $1,919,910,000▲6.5% | $2,380,634,000▲8.2% | 990 |
| 2017 | $237,784,000▲2.4% | $212,106,000▲5.7% | $1,803,105,000▲10.7% | $2,201,155,000▲8.1% | 990 |
| 2016 | $232,189,000▲3.1% | $200,578,000▲2.3% | $1,628,859,000▲9.0% | $2,036,597,000▲11.2% | 990 |
| 2015 | $225,173,000▼22.1% | $195,978,000▲3.5% | $1,494,492,000▼4.4% | $1,831,737,000▼3.5% | 990 |
| 2014 | $289,199,000▲22.9% | $189,412,000▲4.2% | $1,563,723,000▲11.5% | $1,897,816,000▲9.3% | 990 |
| 2013 | $235,343,000 | $181,714,000▲4.9% | $1,402,502,000▲15.1% | $1,735,882,000▲11.3% | 990 |
| 2012 | — | $173,174,000▲6.9% | $1,218,293,000▲13.0% | $1,559,469,000▲20.7% | 990 |
| 2011 | — | $162,028,000▲3.3% | $1,078,585,000▼1.2% | $1,291,942,000▼0.2% | 990 |
| 2010 | — | $156,856,000▲5.7% | $1,091,144,000▲15.2% | $1,294,173,000▲13.5% | 990 |
| 2009 | — | $148,331,000 | $947,319,000 | $1,140,092,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: K Niles Bryant — $1,835,626 (0.62% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| K Niles Bryant | Svp/chief Investments Officer | 40 | $1,835,626 |
| Boris Raykin | Director of Investments | 40 | $970,656 |
| Page Machlin | Director of Investments | 40 | $935,064 |
| Stephanie Frost | Svp For Development & Ar | 40 | $664,956 |
| Safa Zaki | President Beginning 7/1/23 | 40 | $602,398 |
| Scott Meiklejohn | Svp For Development & Ar | 40 | $468,487 |
| Ashley Labreck | Endowment Chief Op Officer | 40 | $451,602 |
| Matthew Orlando | Svp Finance & Admin/treasurer | 40 | $408,483 |
| Clayton Rose | Former President Until 6/30/23 | 40 | $402,912 |
| Jennifer Scanlon | Svp/dean For Academic Affairs | 40 | $375,642 |
| Michael Cato | Svp/chief Information Officer | 40 | $340,129 |
| Janet Lohmann | Svp/dean For Student Affairs | 40 | $304,567 |
| Scott Hood | Svp For Comm & Public Affairs | 40 | $276,212 |
| Claudia Marroquin | Svp/dean Admissions & St. Aid | 40 | $262,509 |
| Tama Spoerri | Vp For Human Resources | 40 | $258,552 |
| Elizabeth Orlic | Svp/special Asst To the Pres | 40 | $251,535 |
| Michael Archibald | Vp For Development & Ar | 40 | $251,224 |
| Benje Douglas | Svp For Inclusion & Diversity | 40 | $230,557 |
| Elizabeth Mccormack | Frmr Svp For Academic Affairs | 40 | $221,080 |
| Christina Finneran | Svp/institutional Research | 40 | $165,899 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Wright-ryan Construction Inc | Const. Services | $8,843,571 |
| Consigli Construction Co Inc | Const. Services | $2,669,011 |
| Optimum Construction | Const. Services | $2,505,807 |
| Collaborative Solutions LLC | Software Services | $1,800,266 |
| Cigna | Benefits Admin Fees | $1,492,577 |
Grants received · $73.5M total
284 grants to Bowdoin College totaling $73.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $3,036,250 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $927,000 |
| Ayco Charitable Foundation | Education | 2024 | $539,750 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $253,700 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $200,000 |
| American Online Giving Foundation Inc | General support | 2024 | $96,762 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $48,100 |
| American Endowment Foundation | Educational | 2024 | $44,500 |
| Silicon Valley Community Foundation | Education | 2024 | $27,500 |
| The Bessemer Giving Fund | General support | 2024 | $26,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $17,500 |
| Maine Community Foundation Inc | Education | 2024 | $16,950 |
| Independent Charitable Gift Fund | General support | 2024 | $15,000 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $10,000 |
| Christian Community Foundation Inc | General support | 2024 | $9,006 |
Grants made · $576K in FY2023
5 grants totaling $576K in FY2023. All grants made by Bowdoin College →
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Brunswick | Contribution | $497,532 |
| Brunswick Downtown Association | Contribution | $25,000 |
| Tedford Housing | Contribution | $22,500 |
| Town of Harpswell | Contribution | $21,250 |
| United Way of Mid Coast Maine Inc | Contribution | $10,000 |
Similar organizations in Education
Education
President & Trustees of Colby College
Waterville, ME
$379.6M
B+annual revenue
Education
University of New England
Biddeford, ME
$322.8M
Aannual revenue
Education
President and Trustees of Bates College
Lewiston, ME
$192.8M
Aannual revenue
Education
Unity Environmental University
New Gloucester, ME
$86.7M
Aannual revenue
Education
Husson University
Bangor, ME
$86.2M
Aannual revenue
Education
University of Maine Foundation
Orono, ME
$60.4M
Aannual revenue
Education
Trustees of St Josephs College
Standish, ME
$54.4M
Bannual revenue
- Education
Permanent Archive Fund
Biddeford, ME
$51.0M
C+annual revenue
Education
Woodfords Family Service
Westbrook, ME
$45.7M
Bannual revenue
- Education
Archive Sustaining Foundation
Biddeford, ME
$40.5M
C+annual revenue
Compare Bowdoin College
Frequently asked questions
- Is Bowdoin College a legitimate nonprofit?
- Yes. Bowdoin College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0215213, based in Brunswick, Maine. Donations are tax-deductible.
- What is Bowdoin College's EIN?
- Bowdoin College's Employer Identification Number (EIN) is 01-0215213.
- How much revenue does Bowdoin College report?
- Bowdoin College reported $369,776,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bowdoin College's spending goes to programs?
- Bowdoin College spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bowdoin College have?
- CharityIndex grades Bowdoin College A, based on program efficiency and fundraising cost.
- How much does Bowdoin College's highest-paid employee make?
- The highest reported compensation on Bowdoin College's latest Form 990 is $1,835,626, paid to K Niles Bryant (Svp/chief Investments Officer).
More nonprofits in Brunswick
Explore more
Data for Bowdoin College (EIN 01-0215213) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.