Colby-sawyer College
72% goes to programs $7 to raise $100 Strong reserves Declining revenue
Colby-sawyer College is a 501(c)(3) organization based in New London, New Hampshire, registered in 1941, with $47,976,864 in FY2023 revenue. CharityIndex grades it A, and it directs about 72% of spending to programs.
541 Main St, New London, NH, 03257 EIN 02-0222120 Since 1941
Revenue (FY2023)
$48.0M
▼ 30.5% vs prior year
Education median: $200K
Expenses (FY2023)
$44.3M
Net assets
$112.1M
Employees
794
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating72% to programs · $7 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 Colby-sawyer College: 72% to programs · $7 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating30 mo reserves · +8% 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 Colby-sawyer College: 30 mo reserves · +8% margin earns a A 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 Colby-sawyer College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Colby-sawyer College: 5 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
Institute of higher learning
What they do
Auxiliary services provided food service and facilities to students as part of a residential institution; student services provided additional support for athletics, health and counseling, student activities, and student government.
Contact & location
- Address
- 541 Main St, New London, NH, 03257
- City
- New London
- State
- New Hampshire
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $72.3M (FY2013) to $48.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $32.2MNet assets $112.1M
Operating margin
7.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$144.2M
Total liabilities
$32.2M
Net assets
$112.1M
Salaries & benefits
$20.3M
46% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $47,976,864▼30.5% | $44,319,760▼30.6% | $112,059,242▲8.2% | $144,211,285▲6.8% | 990 |
| 2022 | $69,063,751▼1.6% | $63,833,439▲5.6% | $103,550,953▲12.6% | $134,968,854▲9.6% | 990 |
| 2021 | $70,178,771▼4.3% | $60,469,284▲7.4% | $91,963,317▼0.8% | $123,153,780▼2.3% | 990 |
| 2020 | $73,333,222▲21.2% | $56,314,928▲1.5% | $92,745,160▲41.9% | $126,086,266▲18.7% | 990 |
| 2019 | $60,499,117▲3.5% | $55,500,985▲1.9% | $65,350,700▲4.5% | $106,205,633▲3.2% | 990 |
| 2018 | $58,426,074▲7.0% | $54,451,236▼5.9% | $62,560,476▲8.9% | $102,893,055▲2.9% | 990 |
| 2017 | $54,612,165▼24.0% | $57,877,912▼6.2% | $57,454,697▼3.0% | $99,970,548▼1.0% | 990 |
| 2016 | $71,874,014▲9.5% | $61,733,947▼9.3% | $59,243,663▲5.3% | $100,948,303▲7.0% | 990 |
| 2015 | $65,655,578▼6.3% | $68,080,775▼5.9% | $56,259,038▼8.0% | $94,337,688▼5.2% | 990 |
| 2014 | $70,080,752▼3.1% | $72,382,179▼0.9% | $61,169,991▼3.8% | $99,554,290▼1.5% | 990 |
| 2013 | $72,333,855 | $73,019,015▲6.8% | $63,590,293▲8.9% | $101,032,483▲4.6% | 990 |
| 2012 | — | $68,377,676▲10.8% | $58,388,850▲13.1% | $96,603,461▲6.3% | 990 |
| 2011 | — | $61,733,953▲11.6% | $51,607,736▲0.2% | $90,879,975▲10.2% | 990 |
| 2010 | — | $55,324,102▲12.1% | $51,524,769▲14.4% | $82,463,127▲7.6% | 990 |
| 2009 | — | $49,336,488 | $45,032,171 | $76,651,425 | 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: Susan Stuebner — $327,460 (0.74% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Susan Stuebner | Past President | 40 | $327,460 |
| Daniel Parish | Vp Advancement | 40 | $173,789 |
| Eden Wales | Vp Academics | 40 | $170,532 |
| Karen Bonewald | Vp Finance/ Treasurer | 40 | $161,517 |
| Gregg Mazzola | Vp Communications & Marketing | 40 | $140,510 |
| Valerie Leclair | Vp Enrollment Management | 40 | $138,946 |
| Robin Davis | Vp Student Development | 40 | $133,684 |
| Aimee M Claiborne | Trustee | 2 | — |
| Amy Hedison | Trustee | 2 | — |
| Ann Carroll Harris | Trustee | 2 | — |
| Anthony H Librot | Vice Chair | 2 | — |
| Barbara Jan-wilson | Trustee | 2 | — |
| Beth Constantinides Meurlin | Trustee | 2 | — |
| Bruce King | Trustee | 2 | — |
| Caroline Barry | Trustee | 2 | — |
| Collin D Bray | Trustee | 2 | — |
| Edwin A Cowell | Trustee | 2 | — |
| Joann Franke Overfield | Trustee | 2 | — |
| Jourdain K P Bell | Trustee | 2 | — |
| Laura Sykes | Interim President | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hp Cummings | Construction | $4,058,206 |
| Eat'n Park Hospitality Group | Food & Maintenance | $2,949,603 |
| Breadloaf | Architectural | $1,268,692 |
| Arrow Media | Media and Marketing | $1,024,777 |
| Hga | Architectural | $820,540 |
Grants received · $5.4M total
56 grants to Colby-sawyer College totaling $5.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
Education
Mount Prospect Academy Inc
Plymouth, NH
$54.6M
Bannual revenue
Education
Proctor Academy
Andover, NH
$38.8M
Bannual revenue
Education
Brewster Academy
Wolfeboro, NH
$35.9M
Bannual revenue
Education
Pinkerton Academy
Derry, NH
$60.1M
Bannual revenue
Education
Granite Edvance Corporation
Concord, NH
$61.2M
Aannual revenue
Education
Kimball Union Academy
Meriden, NH
$31.6M
Bannual revenue
- Education
Holderness School
Plymouth, NH
$30.4M
Bannual revenue
Education
New Hampton School
New Hampton, NH
$28.4M
Bannual revenue
Education
Cardigan Mountain School
Canaan, NH
$24.3M
Bannual revenue
- Education
Impact Org Inc
Manchester, NH
$22.4M
C+annual revenue
Compare Colby-sawyer College
Frequently asked questions
- Is Colby-sawyer College a legitimate nonprofit?
- Yes. Colby-sawyer College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0222120, based in New London, New Hampshire. Donations are tax-deductible.
- What is Colby-sawyer College's EIN?
- Colby-sawyer College's Employer Identification Number (EIN) is 02-0222120.
- How much revenue does Colby-sawyer College report?
- Colby-sawyer College reported $47,976,864 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Colby-sawyer College's spending goes to programs?
- Colby-sawyer College spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Colby-sawyer College have?
- CharityIndex grades Colby-sawyer College A, based on program efficiency and fundraising cost.
- How much does Colby-sawyer College's highest-paid employee make?
- The highest reported compensation on Colby-sawyer College's latest Form 990 is $327,460, paid to Susan Stuebner (Past President).
More nonprofits in New London
Explore more
Data for Colby-sawyer College (EIN 02-0222120) 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.