Connecticut College
85% goes to programs $23 to raise $100 Strong reserves
Connecticut College is a 501(c)(3) organization based in New London, Connecticut, registered in 1935, with $191,785,000 in FY2023 revenue. CharityIndex grades it B+, and it directs about 85% of spending to programs.
270 Mohegan Ave, New London, CT, 06320 EIN 06-0646587 Since 1935
Revenue (FY2023)
$191.8M
▲ 5.3% vs prior year
Education median: $200K
Expenses (FY2023)
$199.6M
Net assets
$586.5M
Employees
1,951
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating85% to programs · $23 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 Connecticut College: 85% to programs · $23 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating35 mo reserves · -4% 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 Connecticut College: 35 mo reserves · -4% 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 Connecticut 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 Connecticut College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o.
What they do
*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. the college extends the teaching and learning experience within the dormitories.
*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 global society". approximately 50% of the college's students study away during their junior year through carefully selected programs. our study away/teach away typically sends 10-12 students and faculty to host institutions throughout the world to complete a full semester of scholarly activity while being immersed in the local culture.
Other program services other program services include alumni and reunion, federal and state grant expenses, chefa amortization interest and fees, physical plant costs, depreciaton, and administrative computing costs.
Contact & location
- Address
- 270 Mohegan Ave, New London, CT, 06320
- City
- New London
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $151.0M (FY2013) to $191.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $168.5MNet assets $586.5M
Operating margin
-4.1%
Spent more than it raised in the latest fiscal year.
Total assets
$755.0M
Total liabilities
$168.5M
Net assets
$586.5M
Salaries & benefits
$70.1M
35% of expenses
Board members
30
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $191,785,000▲5.3% | $199,623,000▲3.9% | $586,450,000▲7.5% | $754,976,000▲6.5% | 990 |
| 2022 | $182,064,000▲2.5% | $192,049,000▲7.7% | $545,492,000▲4.6% | $708,591,000▲3.9% | 990 |
| 2021 | $177,566,000▲3.9% | $178,385,000▲15.8% | $521,353,000▼3.9% | $681,892,000▲4.2% | 990 |
| 2020 | $170,926,000▲11.9% | $154,100,000▼6.0% | $542,471,000▲35.4% | $654,429,000▲27.6% | 990 |
| 2019 | $152,696,000▼3.0% | $163,918,000▲3.9% | $400,581,000▼1.4% | $512,927,000▼1.4% | 990 |
| 2018 | $157,455,000▼7.3% | $157,740,000▼0.7% | $406,422,000▲3.8% | $520,395,000▲2.3% | 990 |
| 2017 | $169,920,000▲12.4% | $158,906,000▲3.5% | $391,679,000▲9.5% | $508,642,000▲7.7% | 990 |
| 2016 | $151,165,000▲1.5% | $153,598,000▲4.7% | $357,708,000▲5.4% | $472,183,000▲6.1% | 990 |
| 2015 | $148,915,000▼8.5% | $146,726,000▲1.8% | $339,233,000▼5.4% | $445,167,000▼4.3% | 990 |
| 2014 | $162,708,000▲7.8% | $144,173,000▲1.9% | $358,636,000▲3.0% | $465,300,000▲4.9% | 990 |
| 2013 | $151,000,000 | $141,477,000▲4.6% | $348,231,000▲11.3% | $443,377,000▲8.6% | 990 |
| 2012 | — | $135,216,000▲4.0% | $312,772,000▲9.2% | $408,329,000▲6.7% | 990 |
| 2011 | — | $130,028,000▲4.8% | $286,350,000▲1.7% | $382,757,000▲1.7% | 990 |
| 2010 | — | $124,019,000▲3.9% | $281,671,000▲15.9% | $376,416,000▲15.3% | 990 |
| 2009 | — | $119,365,000 | $242,941,000 | $326,438,000 | 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: Katherine Bergeron — $699,100 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Katherine Bergeron | Former President | 38 | $699,100 |
| Reginald White | Vp Hr and Org. Development | 38 | $282,533 |
| Justin Wolfradt | Exec Dir Facilities Mgmt Plan | 38 | $247,123 |
| Kimberly M Verstandig | Vp Advancement (thru 09/2023) | 38 | $232,471 |
| Danielle Egan | Dean of Faculty | 38 | $223,431 |
| Wendell L Hisle | Vp Information Services | 38 | $218,141 |
| John Cramer | Vp Marketing and Communications | 38 | $212,980 |
| Leslie E Wong | Interim President | 38 | $203,337 |
| Andrew K Strickler | Vp Admissions | 38 | $201,090 |
| Jeffrey E Cole | Former Dean of the Faculty / Prof. | 38 | $183,617 |
| Lauren Middleton | Secretary of the College | 38 | $72,238 |
| Betty Brown Bibbins | Trustee | 1 | — |
| Debo P Adegbile | Trustee | 1 | — |
| Devon Danz Preston | Trustee | 1 | — |
| Diane E Stratton | Trustee | 1 | — |
| Dwayne C Stallings | Trustee | 1 | — |
| Ethan W Brown | Trustee | 1 | — |
| Gregory J Gigliotti | Trustee | 1 | — |
| Hannah E Gonzalez | Trustee | 1 | — |
| Isaac H Clothier | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cambridge Associates LLC | Investment Advisory | $670,000 |
| Kiss Architects LLP | Architecture | $401,000 |
| Colliers Project Leaders USA Ne LLC | Consulting | $348,000 |
| Kpmg LLP | Auditing & Tax | $291,000 |
| Svigals & Partners LLP | Consulting | $279,000 |
Grants received · $18.5M total
191 grants to Connecticut College totaling $18.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $585,150 |
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2024 | $349,644 |
| Local Initiatives Support Corporation | See part iv | 2024 | $345,000 |
| American Online Giving Foundation Inc | General support | 2024 | $83,262 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $83,000 |
| New Hampshire Charitable Foundation | For general/annual support and endowed scholarship fund | 2024 | $55,300 |
| Columbus Foundation | Education | 2024 | $16,500 |
| Community Foundation For Greater New Haven | To be awarded annually to one or more girls, preferably from the new haven area, to be selected by the scholarship committee of connecticut college in new london, connecticut, or in the absence of such committee by the president of said college, who is or are in need of financial assistance in order to continue her or their education at connecticut college, who has or have shown proficiency in her or their studies, and who possess qualities of leadership. | 2024 | $14,996 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $13,072 |
| The New York Community Trust | For general support. | 2024 | $11,000 |
| Wheeler Clinic Inc | The sor mini-grant is used for campus opioid and stimulant education and awareness programs. | 2024 | $10,000 |
| Fiduciary Charitable Foundation | Donations | 2024 | $10,000 |
| Wheeler Clinic Inc | The youth recovery mini-grant is used to start a smart recovery meeting for teens or young adults who use substances, an alternative peer group sober social events and activities for the same age group, and a smart family & friends meeting for caregivers or other supports. funds can be used for any costs related to successfully starting the meetings/groups including training, materials, staff, space, food, activities, incentives, or other creative ideas." | 2024 | $7,695 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $641,625 |
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Compare Connecticut College
Frequently asked questions
- Is Connecticut College a legitimate nonprofit?
- Yes. Connecticut College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646587, based in New London, Connecticut. Donations are tax-deductible.
- What is Connecticut College's EIN?
- Connecticut College's Employer Identification Number (EIN) is 06-0646587.
- How much revenue does Connecticut College report?
- Connecticut College reported $191,785,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Connecticut College's spending goes to programs?
- Connecticut College spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Connecticut College have?
- CharityIndex grades Connecticut College B+, based on program efficiency and fundraising cost.
- How much does Connecticut College's highest-paid employee make?
- The highest reported compensation on Connecticut College's latest Form 990 is $699,100, paid to Katherine Bergeron (Former President).
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Data for Connecticut College (EIN 06-0646587) 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.