New England College
85% goes to programs $17 to raise $100 Strong reserves
New England College is a 501(c)(3) organization based in Henniker, New Hampshire, registered in 1949, with $82,035,491 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
98 Bridge St, Henniker, NH, 03242 EIN 02-0223955 Since 1949
Revenue (FY2024)
$82.0M
▲ 1.3% vs prior year
Education median: $200K
Expenses (FY2024)
$83.7M
Net assets
$60.7M
Employees
871
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 · $17 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 New England College: 85% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -2% 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 New England College: 9 mo reserves · -2% 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 New England 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 New England College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
An independent liberal arts college offering undergraduate, graduate and professional programs.
Contact & location
- Address
- 98 Bridge St, Henniker, NH, 03242
- City
- Henniker
- State
- New Hampshire
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $45.9M (FY2013) to $82.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.3MNet assets $60.7M
Operating margin
-2.1%
Spent more than it raised in the latest fiscal year.
Total assets
$93.0M
Total liabilities
$32.3M
Net assets
$60.7M
Salaries & benefits
$29.5M
35% of expenses
Board members
25
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $82,035,491▲1.3% | $83,742,711▲8.5% | $60,709,625▼1.5% | $93,026,084▼1.4% | 990 |
| 2023 | $81,018,298▲9.3% | $77,189,345▼1.8% | $61,617,870▲10.1% | $94,351,483▲4.1% | 990 |
| 2022 | $74,124,658▼11.9% | $78,629,375▲0.4% | $55,979,751▼4.3% | $90,601,279▼5.8% | 990 |
| 2021 | $84,142,963▼6.7% | $78,284,222▼9.7% | $58,468,070▼7.7% | $96,223,111▼7.0% | 990 |
| 2020 | $90,219,628▲5.9% | $86,726,398▲3.7% | $63,319,375▲14.6% | $103,457,238▲6.5% | 990 |
| 2019 | $85,213,907▲23.2% | $83,649,090▲28.0% | $55,254,282▲0.3% | $97,121,525▲4.8% | 990 |
| 2018 | $69,159,780▲8.2% | $65,333,805▲7.3% | $55,096,679▲40.4% | $92,656,196▲58.2% | 990 |
| 2017 | $63,904,885▲13.6% | $60,874,576▲12.1% | $39,235,634▲9.4% | $58,558,277▲7.5% | 990 |
| 2016 | $56,245,227▲7.2% | $54,285,823▲9.9% | $35,879,144▲8.9% | $54,487,182▲3.5% | 990 |
| 2015 | $52,464,754▲6.3% | $49,401,782▲9.3% | $32,939,699▲9.3% | $52,667,589▲23.6% | 990 |
| 2014 | $49,368,047▲7.6% | $45,202,308▲2.1% | $30,143,217▲15.5% | $42,607,868▲20.8% | 990 |
| 2013 | $45,880,060 | $44,255,600▲3.6% | $26,090,265▲10.8% | $35,270,939▲8.8% | 990 |
| 2012 | — | $42,723,154▲4.1% | $23,553,868▲9.5% | $32,432,752▲9.6% | 990 |
| 2011 | — | $41,048,610▼2.0% | $21,507,861▲8.9% | $29,602,020▼0.9% | 990 |
| 2010 | — | $41,890,698 | $19,754,961 | $29,867,090 | 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 (FY2024)
Highest-paid: Dr Wayne F Lesperance — $411,087 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Wayne F Lesperance | President | 40 | $411,087 |
| Paula A Amato Cma | Executive Vice President & Cfo | 40 | $315,171 |
| James Murtha Phd | Sr. Vp of Academic Alliances | 37.5 | $291,906 |
| William P Deptula | Vp of Advancement | 37.5 | $214,524 |
| David M Rubin | Vp of Information Technology | 37.5 | $189,670 |
| Patricia M Corbett | Vp of Academic Affairs | 37.5 | $183,588 |
| Bradley F Poznanski | Vp of Enrollment Management | 37.5 | $164,579 |
| Adam Kapner | Trustee | 2 | — |
| Alexander Scourby | Chair | 10 | — |
| Astrid Williams | Vice Chair | 2 | — |
| Bill Wyman | Trustee | 2 | — |
| Christopher Brazill | Trustee | 2 | — |
| Clarke Smith III | Trustee | 2 | — |
| Daniel Lynch | Trustee | 2 | — |
| Don Hasseltine | Trustee | 2 | — |
| Dr Michael K Thomas | Trustee | 2 | — |
| Elbridge T Gerry III | Trustee | 2 | — |
| Emmanuel Balogun Phd | Trustee | 2 | — |
| Eric Morgan | Trustee | 2 | — |
| Jay Lucas | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Chartwell's Dining Services | Food Services | $3,472,584 |
| Abm Industries Group LLC | Facilities Management | $3,276,719 |
| Harvey Construction Corporation | Construction Services | $2,212,965 |
| Engelberth Construction Co | Construction Services | $1,669,675 |
| Google LLC | Marketing Services | $1,060,495 |
Grants received · $1.2M total
34 grants to New England College totaling $1.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Hampshire Charitable Foundation | For a designated distributions | 2024 | $13,286 |
| AARP | Sponsorship of various events | 2024 | $11,000 |
| National Charitable Endowment Inc | General charitable use | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $7,500 |
| American Online Giving Foundation Inc | General support | 2024 | $6,054 |
| Donor Advised Charitable Giving | Education | 2023 | $65,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $14,750 |
| New Hampshire Charitable Foundation | For designated distributions | 2023 | $13,292 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $6,000 |
| Donor Advised Charitable Giving | Education | 2022 | $480,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $19,000 |
| New Hampshire Charitable Foundation | For designated distributions | 2022 | $11,135 |
| National Charitable Endowment Inc | General charitable use | 2022 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
| New Hampshire Charitable Foundation | For designated distribution and scholarships | 2021 | $27,188 |
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Compare New England College
Frequently asked questions
- Is New England College a legitimate nonprofit?
- Yes. New England College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0223955, based in Henniker, New Hampshire. Donations are tax-deductible.
- What is New England College's EIN?
- New England College's Employer Identification Number (EIN) is 02-0223955.
- How much revenue does New England College report?
- New England College reported $82,035,491 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New England College's spending goes to programs?
- New England College spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New England College have?
- CharityIndex grades New England College A, based on program efficiency and fundraising cost.
- How much does New England College's highest-paid employee make?
- The highest reported compensation on New England College's latest Form 990 is $411,087, paid to Dr Wayne F Lesperance (President).
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Data for New England College (EIN 02-0223955) 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.