Washington College
81% goes to programs $3 to raise $100 Strong reserves Growing revenue
Washington College is a 501(c)(3) organization based in Chestertown, Maryland, registered in 1947, with $154,192,682 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
300 Washington Ave, Chestertown, MD, 21620 EIN 52-0591691 Since 1947
Revenue (FY2023)
$154.2M
▲ 63.4% vs prior year
Education median: $200K
Expenses (FY2023)
$112.3M
Net assets
$477.4M
Employees
1,230
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 rating81% to programs · $3 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 Washington College: 81% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating51 mo reserves · +27% 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 Washington College: 51 mo reserves · +27% 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 Washington 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 Washington College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Washington college challenges and inspires emerging citizen leaders to discover lives of purpose and passion.
What they do
Washington college uses its facilities during summer months to facilitate educational experiences for younger k-12 students. these students are given an opportunity to participate in summer camps ranging from sciences, mathematics and hands on projects. these camps last anywhere from four days to three weeks and are managed by other outside nonprofit organizations.
Washington college's residential life program provides students with opportunities and experiences that help them to develop responsibilities both to themselves and to their fellow students. it attempts to provide a relaxing and calm atmosphere for study and day-to-day living. indeed, living on-campus is truly the "other-half" of a college education. with approximately 27 dorms to choose from, students have choices of single, doubles or triples in each room/unit. hodson hall houses the dining facilities for washington college. the main dining hall seats 500 on two levels. students, faculty and staff find made-to-order meals along with self-serve options allowing for a customized dining experience. students choose from five meals plans with additional options for meal equivalencies. casual dining is located on the first floor of the commons. operating until late evening, options include mondo subs, martha's kitchen, and the campus coffee bar, java george.
Contact & location
- Address
- 300 Washington Ave, Chestertown, MD, 21620
- City
- Chestertown
- State
- Maryland
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $100.6M (FY2013) to $154.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $85.7MNet assets $477.4M
Operating margin
27.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$563.0M
Total liabilities
$85.7M
Net assets
$477.4M
Salaries & benefits
$38.5M
34% of expenses
Board members
33
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $154,192,682▲63.4% | $112,294,656▲10.7% | $477,363,229▲17.8% | $563,029,259▲14.7% | 990 |
| 2022 | $94,382,563▼28.3% | $101,417,420▲9.2% | $405,173,911▲0.3% | $490,986,375▲3.2% | 990 |
| 2021 | $131,582,653▲40.6% | $92,915,532▲8.1% | $403,827,406▼7.1% | $475,865,680▼6.6% | 990 |
| 2020 | $93,610,957▼9.0% | $85,976,806▼11.9% | $434,593,943▲15.6% | $509,587,236▲12.1% | 990 |
| 2019 | $102,852,298▲2.4% | $97,551,723▼4.6% | $375,804,259▲0.5% | $454,444,953▲0.3% | 990 |
| 2018 | $100,449,446▼11.7% | $102,212,916▼2.0% | $374,039,452▲0.8% | $453,240,948▲0.2% | 990 |
| 2017 | $113,756,526▲3.6% | $104,324,496▲5.7% | $370,896,399▲6.4% | $452,219,934▲4.2% | 990 |
| 2016 | $109,764,875▲6.5% | $98,697,956▲6.2% | $348,559,381▲8.6% | $433,999,480▲4.7% | 990 |
| 2015 | $103,079,635▼6.4% | $92,965,828▲0.9% | $321,027,304▼1.1% | $414,349,630▲4.8% | 990 |
| 2014 | $110,162,061▲9.5% | $92,123,958▲2.9% | $324,676,483▲2.4% | $395,240,391▲2.0% | 990 |
| 2013 | $100,608,729 | $89,521,170▲1.9% | $317,054,713▲8.5% | $387,569,069▲6.3% | 990 |
| 2012 | — | $87,874,738▲7.3% | $292,327,968▲8.9% | $364,609,445▲4.7% | 990 |
| 2011 | — | $81,908,014▲7.3% | $268,342,247▼3.8% | $348,300,188▼1.7% | 990 |
| 2010 | — | $76,327,356▲10.6% | $278,835,295▲10.1% | $354,281,446▲7.1% | 990 |
| 2009 | — | $68,983,423 | $253,155,060 | $330,833,977 | 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: Michael Sosulski — $441,251 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Sosulski | President | 55 | $441,251 |
| Susannah C Sutley | Vp, Advancement, Alumni Af | 55 | $264,053 |
| Edward Patrick | Vp For Finance & Administration | 55 | $254,175 |
| Brian Speer | Vice President For Marketing and Communication | 55 | $211,973 |
| John Seidel | Former Director, Ces (thru 12/22) | 0 | $210,230 |
| Valerie Imbruce | Director, Ces | 55 | $198,670 |
| Johnnie Johnson | Vice President For Enrollment Management | 55 | $175,349 |
| Sarah Feyerherm | Vp of Student Affairs | 55 | $174,884 |
| Michael Harvey | Special Assistant To the President For Strategic I | 55 | $166,305 |
| Victor Sensenig | Chief of Staff/vp For Planning | 55 | $162,265 |
| Adam Goodheart | Director of the Starr Center | 55 | $147,593 |
| Lisa Marx | Director of Health Service | 55 | $142,766 |
| Shekayla Hooks | Nurse Practitioner | 55 | $133,133 |
| Bert W Rein | Member | 1 | — |
| Brandon Riker | Member | 1 | — |
| Caryn York | Member | 1 | — |
| Daryl L Swanstrom | Member | 1 | — |
| Deborah Moxley Turner | Member | 1 | — |
| Donald C Tomasso | Member | 1 | — |
| Edward P Nordberg | Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ellucian Company LP | Oit Management | $2,024,135 |
| Osprey Custom Carpentry | Building Contractor | $957,163 |
| Holman Building | Building Contractor | $888,741 |
| Bsc Group LLC | Professional Finance Services | $380,755 |
| Clifton Larson Allen LLP | CPA Services | $160,479 |
Grants received · $9.8M total
121 grants to Washington College totaling $9.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| American Endowment Foundation | Educational | 2024 | $85,000 |
| Baltimore Community Foundation Inc | General support and various projects | 2024 | $42,500 |
| Midway USA Foundation Inc | To fund youth shoothing sports | 2024 | $17,094 |
| Collier Community Foundation Inc | Education | 2024 | $15,522 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $14,462 |
| Pew Charitable Trusts | Matching gift | 2024 | $12,500 |
| Ayco Charitable Foundation | Education | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $8,264 |
| Delaware Community Foundation | Capital acquisition of two(2) parcel property located at 141 round top creek land chestertown, md; to support the cincinnatus scholarship | 2023 | $1,515,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $340,950 |
| National Fish and Wildlife Foundation | Establish grass buffers & restore wetlands md | 2023 | $111,850 |
| Baltimore Community Foundation Inc | General support and various projects | 2023 | $92,700 |
| Donor Advised Charitable Giving | Education | 2023 | $76,400 |
| American Endowment Foundation | Educational | 2023 | $24,500 |
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Compare Washington College
Frequently asked questions
- Is Washington College a legitimate nonprofit?
- Yes. Washington College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0591691, based in Chestertown, Maryland. Donations are tax-deductible.
- What is Washington College's EIN?
- Washington College's Employer Identification Number (EIN) is 52-0591691.
- How much revenue does Washington College report?
- Washington College reported $154,192,682 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Washington College's spending goes to programs?
- Washington College spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Washington College have?
- CharityIndex grades Washington College A, based on program efficiency and fundraising cost.
- How much does Washington College's highest-paid employee make?
- The highest reported compensation on Washington College's latest Form 990 is $441,251, paid to Michael Sosulski (President).
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Data for Washington College (EIN 52-0591691) 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.