Saint Michaels College
90% goes to programs $20 to raise $100 Strong reserves
Saint Michaels College is a 501(c)(3) organization based in Colchester, Vermont, registered in 1973, with $98,436,991 in FY2023 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
1 Winooski Park, Colchester, VT, 05439 EIN 03-0179403 Since 1973
Revenue (FY2023)
$98.4M
▲ 2.9% vs prior year
Education median: $200K
Expenses (FY2023)
$108.4M
Net assets
$128.0M
Employees
1,199
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating90% to programs · $20 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 Saint Michaels College: 90% to programs · $20 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating14 mo reserves · -10% 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 Saint Michaels College: 14 mo reserves · -10% margin earns a C+ 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 Saint Michaels 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 Saint Michaels College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o to contribute through higher education to the enhancement of the human person and the advancement of human culture in the light of the catholic faith.
Contact & location
- Address
- 1 Winooski Park, Colchester, VT, 05439
- City
- Colchester
- State
- Vermont
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $129.0M (FY2013) to $98.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $68.6MNet assets $128.0M
Operating margin
-10.1%
Spent more than it raised in the latest fiscal year.
Total assets
$196.6M
Total liabilities
$68.6M
Net assets
$128.0M
Salaries & benefits
$35.6M
33% of expenses
Board members
32
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $98,436,991▲2.9% | $108,384,719▲1.4% | $128,027,982▼2.8% | $196,624,631▲0.6% | 990 |
| 2022 | $95,658,452▼12.6% | $106,905,694▼1.1% | $131,694,867▼8.1% | $195,408,845▼2.6% | 990 |
| 2021 | $109,405,396▼1.8% | $108,104,488▲3.7% | $143,324,174▼6.4% | $200,602,786▼6.6% | 990 |
| 2020 | $111,425,492▲4.1% | $104,245,395▼3.3% | $153,125,411▲24.5% | $214,854,575▲12.0% | 990 |
| 2019 | $107,003,803▼4.5% | $107,801,940▼3.9% | $122,970,952▼7.6% | $191,827,572▼6.8% | 990 |
| 2018 | $112,060,372▼1.1% | $112,164,363▼1.7% | $133,131,452▼2.5% | $205,844,395▼2.3% | 990 |
| 2017 | $113,363,784▼4.8% | $114,066,386▼1.8% | $136,604,781▼0.7% | $210,675,382▼2.0% | 990 |
| 2016 | $119,111,109▲2.6% | $116,126,236▼2.0% | $137,506,330▲0.7% | $215,078,026▼2.0% | 990 |
| 2015 | $116,100,802▼6.7% | $118,477,433▲0.3% | $136,500,869▼4.0% | $219,400,794▲5.8% | 990 |
| 2014 | $124,500,610▼3.5% | $118,064,589▲1.9% | $142,141,965▲1.5% | $207,342,400▼0.6% | 990 |
| 2013 | $128,952,324 | $115,898,208▲5.6% | $140,033,001▲8.1% | $208,661,733▲4.4% | 990 |
| 2012 | — | $109,712,273▲5.4% | $129,573,081▲7.7% | $199,887,030▲4.3% | 990 |
| 2011 | — | $104,099,893▲6.6% | $120,339,759▼0.9% | $191,735,079▲14.0% | 990 |
| 2010 | — | $97,689,569▼0.1% | $121,417,207▲12.3% | $168,246,990▲6.4% | 990 |
| 2009 | — | $97,769,924 | $108,073,081 | $158,142,792 | 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: Dr Lorraine Sterritt Phd — $488,129 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Lorraine Sterritt Phd | Former President/trustee | 40 | $488,129 |
| Lewis Thayne | Interim President (7/1/23-12/31/23) | 40 | $200,000 |
| Dawn M Ellinwood | Vp For Student Affairs | 40 | $185,969 |
| Jeffery Trumbower | Vp Academic Affairs (until 1/1/24) | 40 | $184,087 |
| Robert Robinson | Vp For Finance/treasurer | 40 | $183,995 |
| Jeffrey Ayers | Professor Political Science | 40 | $151,177 |
| Linda Donahue | Ia Director | 40 | $140,193 |
| Michael Larsen | Professor Mathematics | 40 | $137,105 |
| Sarah Hastings | Professor Psychology | 40 | $131,779 |
| Alessandro Bertoni | Marketing Director | 40 | $120,149 |
| Ansel Augustine Phd | Trustee (as of 7/1/23) | 1 | — |
| Dr Celine R Paquette | Trustee | 5 | — |
| Dr Gregory F Brucato | Trustee | 1 | — |
| Dr Tracy A Romano Phd | Trustee | 1 | — |
| Mr Brian G Lacey | Trustee | 1 | — |
| Mr Chad D Mceachern | Trustee | 3 | — |
| Mr Garrett Clark | Trustee | 8 | — |
| Mr George C Keady III | Trustee | 5 | — |
| Mr George M Bowen | Trustee | 1 | — |
| Mr George Sherman | Trustee (as of 7/1/23) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Kj Construction | General Contractor | $533,439 |
| Waybetter Marketing Inc | Marketing | $490,473 |
| Beynon Sports Surfaces Inc | General Contractor | $369,945 |
| Competitive Computing | It Consultant | $189,288 |
| The Angeletti Group | Consulting Services | $187,510 |
Grants received · $2.8M total
81 grants to Saint Michaels College totaling $2.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Hampshire Charitable Foundation | For general support | 2024 | $100,348 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Ayco Charitable Foundation | Education | 2024 | $21,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $17,000 |
| American Online Giving Foundation Inc | General support | 2024 | $11,909 |
| National Philanthropic Tr | Education | 2023 | $165,275 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $119,200 |
| Donor Advised Charitable Giving | Education | 2023 | $88,050 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $40,000 |
| Ayco Charitable Foundation | Education | 2023 | $35,300 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| American Endowment Foundation | Educational | 2023 | $20,000 |
| American Online Giving Foundation Inc | General support | 2023 | $16,599 |
| Boston Foundation Inc | Endowment | 2023 | $10,000 |
| Tulsa Community Foundation | Scholarships | 2023 | $7,500 |
Grants made · $10K in FY2022
1 grant totaling $10K in FY2022. All grants made by Saint Michaels College →
| Recipient | Purpose | Amount |
|---|---|---|
| Spectrum Inc | See part iv | $10,000 |
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Compare Saint Michaels College
Frequently asked questions
- Is Saint Michaels College a legitimate nonprofit?
- Yes. Saint Michaels College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0179403, based in Colchester, Vermont. Donations are tax-deductible.
- What is Saint Michaels College's EIN?
- Saint Michaels College's Employer Identification Number (EIN) is 03-0179403.
- How much revenue does Saint Michaels College report?
- Saint Michaels College reported $98,436,991 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Saint Michaels College's spending goes to programs?
- Saint Michaels College spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Saint Michaels College have?
- CharityIndex grades Saint Michaels College B+, based on program efficiency and fundraising cost.
- How much does Saint Michaels College's highest-paid employee make?
- The highest reported compensation on Saint Michaels College's latest Form 990 is $488,129, paid to Dr Lorraine Sterritt Phd (Former President/trustee).
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Data for Saint Michaels College (EIN 03-0179403) 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.