2025-02-28T08:23:11-06:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 020222120 Colby-Sawyer College COLB 6035263000 541 Main Street New London NH 03257 Karen Bonewald VP Finance/Administration 6035263000 2025-02-26 1 1 Melissa Magoon CPA P01712842 2077752387 2025-02-26 2023 2025-03-06 01:10:19Z Laura Sykes 541 Main Street New London NH 03257 71476594 0 X www.colby-sawyer.edu X 1837 NH Institute of Higher Learning 21 21 794 60 642915 0 18779976 13758077 49593147 30159418 698721 4072581 -8093 -13212 69063751 47976864 25692985 7318215 0 0 19881635 20307222 75754 46757 950921 18183065 16647566 63833439 44319760 5230312 3657104 134968854 144211285 31417901 32152043 103550953 112059242 X Colby-Sawyer College is a private, independent, residential, college with a mission to offer undergraduate and graduate educational programs based in the liberal arts and health, social, and natural sciences, with a focus on vocational exploration and experiential learning, which prepare students to thrive in, and make a positive impact upon a dynamic, diverse, and interdependent world. Engaged robust partnerships will support students' academic, intellectual, personal and professional growth, align with workforce development needs, and enhance individual and community well-being and resilience. Colby-Sawyer College was founded as an academy in 1837 and has been integrated in higher education since 1928. 0 0 26627122 7318215 17590981 The institution offered a comprehensive, private, liberal arts education, with degrees granted at the associates, bachelors, masters and doctorate level. Traditional undergraduate students in the bachelor degree programs completed a liberal arts core and chose from nineteen majors and twenty-six minors, many of which focused on pre-professional preparation. All traditional undergraduates were required to complete at least one internship and a senior capstone project. The Class of 2022 reported a 100 percent success rate (employed or in graduate school) six months after graduation. Many of the graduate and professional programs focused on health science related fields that supported regional workforce needs. Graduate and professional programs were offered in person as well as online. Students enrolled in the traditional and graduate nursing programs completed clinical experiences at a hospital classified as a Level 1 trauma center. The institution supported all degree programs with academic support services (library, tutoring, career development) and financial assistance through gifts, grants, endowment income and college resources, which assisted students in financing the cost of their attendance. 5225057 12568437 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. 31852179 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 188 0 1 794 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NH X Karen Bonewald 6035263000 541 Main Street New London NH 03257 Lisa Hogarty Chair 4.00 X X 0 0 0 Anthony H Librot Vice Chair 2.00 X X 0 0 0 Caroline Barry Trustee 2.00 X 0 0 0 Jourdain K P Bell Trustee 2.00 X 0 0 0 Collin D Bray Trustee 2.00 X 0 0 0 Wendy Carey Trustee 2.00 X 0 0 0 Aimee M Claiborne Trustee 2.00 X 0 0 0 Edwin A Cowell Trustee 2.00 X 0 0 0 Thomas C Csatari Trustee 2.00 X 0 0 0 Ann Carroll Harris Trustee 2.00 X 0 0 0 Mitchell E Harris Trustee 2.00 X 0 0 0 Amy Hedison Trustee 2.00 X 0 0 0 Thomas W Hoyt Trustee 2.00 X 0 0 0 Susan MacMichael John Trustee 2.00 X 0 0 0 Bruce King Trustee 2.00 X 0 0 0 Beth Constantinides Meurlin Trustee 2.00 X 0 0 0 William H Mitchell Trustee 2.00 X 0 0 0 JoAnn Franke Overfield Trustee 2.00 X 0 0 0 Susan Pomerantz Trustee 2.00 X 0 0 0 Sally Shaw Veitch Trustee 2.00 X 0 0 0 Barbara Jan-Wilson Trustee 2.00 X 0 0 0 Susan Stuebner Past President 40.00 X 327460 0 43172 Karen Bonewald VP Finance/ Treasurer 40.00 X 161517 0 7532 Laura Sykes Interim President 40.00 X 0 0 0 Daniel Parish VP Advancement 40.00 X 173789 0 6991 Eden Wales VP Academics 40.00 X 170532 0 9140 Gregg Mazzola VP Communications & Marketing 40.00 X 140510 0 28464 Valerie Leclair VP Enrollment Management 40.00 X 138946 0 30586 Robin Davis VP Student Development 40.00 X 133684 0 38710 1246438 0 164595 19 0 1 0 HP Cummings 5 High Street PO Box 269 Woodsville NH 03785 Construction 4058206 Eat'N Park Hospitality Group PO Box 644091 Pittsburgh PA 152644091 Food & Maintenance 2949603 Breadloaf 1293 Route 7 South Middlebury VT 05753 Architectural 1268692 Arrow Media 3305 Steck Ave Suite 200 Austin TX 78757 Media and Marketing 1024777 HGA SDS 12-1861 PO Box 86 Minneapolis MN 554861861 Architectural 820540 19 31737 1795561 11930779 924210 13758077 Tuition and Fees 611710 16721893 16721893 Auxiliary Enterprises 713940 12568437 11925522 642915 Other Student Revenue 611710 869088 869088 30159418 3075975 3075975 24465252 23468646 996606 996606 996606 17872 31737 31084 -13212 -13212 47976864 29516503 642915 4059369 X 7318215 7318215 539681 539681 14965118 10931520 3356417 677181 431441 333740 88681 9020 3322418 2495143 807761 19514 1048564 779660 263526 5378 114388 114388 94613 94613 46757 46757 85206 85206 4788310 3586789 1174347 27174 12032 4932 7100 96243 193 96050 1664239 3013 1661226 165533 142885 3518 19130 978268 847368 130900 2165915 1904826 261089 745747 58500 687247 Miscellaneous 3178985 1303877 1851708 23400 Program Fees & Supplies 1274839 858307 389215 27317 Food 819852 819815 37 Athletics & Student Act 463396 463396 44319760 31852179 11516660 950921 X 29184 77290 7712442 2895510 4498509 407189 644003 1078263 180031 118231 524732 627727 118282037 52110772 54287421 66171265 64070033 69960311 2538475 2551063 484024 324436 134968854 144211285 3188923 4816980 2339472 2662834 20392740 19847728 3943116 3602326 1553650 1222175 31417901 32152043 X 36796295 43112696 66754658 68946546 103550953 112059242 134968854 144211285 X 3657104 4750315 100870 X 0 1 X 1 1 1 X 10693679 24420588 18724886 18779976 13758077 86377206 10693679 24420588 18724886 18779976 13758077 86377206 28064560 58312646 877214 1186675 1421448 1460270 3075975 8021582 94398788 218587681 0.61770 0.60180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 Part II-B, Line 1: Colby-Sawyer College belongs to member organizations which may engage in lobbying activities. An unknown amount of such dues paid may pertain to lobbying activities. 42050 X 0 65763908 1558093 8287786 3659788 71949999 55606879 6659730 6752132 3254833 65763908 62446048 3369146 -7687378 2520937 55606879 39820353 13044829 12025764 2444898 62446048 39447403 883215 1999603 2509868 39820353 0.12109 0.74489 0.13402 0 0 2144425 2144425 74834136 52110772 22723364 19219145 19219145 22084331 22084331 66171265 U.S. Government Loan Advances 221527 Post-Retirement Benefits Liability 490917 Annuity Obligations 185295 Lease Obligations - Operating 324436 1222175 45455712 4750315 131954 4882269 40573443 85206 7318215 7403421 47976864 36947423 31084 31084 36916339 85206 7318215 7403421 44319760 Part V, Line 4: The College's endowment consists of approximately 250 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Part XI, Line 2d - Other Adjustments: Adjustment of Present Value Liability 15,150. Fundraising Expenses 31,084. Change in Value of Life Income Funds 85,720. Part XI, Line 4b - Other Adjustments: Scholarships 7,318,215. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 31,084. Part XII, Line 4b - Other Adjustments: Scholarships 7,318,215. Schedule D, Part VI: Accumulated depreciation is consolidated into one account. Therefore, the Organizations maintains no categorical breakdown of accumulated depreciation. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The nondiscrimination policy is published in student handbook, employee handbook, faculty handbook, the college's website, and all recruiting documents. Schedule E, Part I, Line 6 Colby-Sawyer College receives loans and other government grant money. X X X X X X X 1 Ruffalo Noel Levitz 1025 Kirkwood Parkway SW Cedar Rapids IA 52402 Solicitation and Consulting for Fundraising 0 0 31441 -31441 Pentera 8650 Commerce Park Place Suite G Indianapolis IN 46268 Solicitation and Consulting for Fundraising 0 0 5273 -5273 Funding for Teams 5 Bradys Farm Road Goldens Bridge NY 10526 Solicitation and Consulting for Fundraising 0 0 10043 -10043 46757 -46757 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC Golf Tournament 49609 31737 17872 1824 17872 2002 9386 49609 31737 17872 1824 17872 2002 9386 31084 -13212 1 Federal SEOG Grant 175 86875 FMV Student Tuition Discounts Consortium Grants 9 131250 FMV Student Tuition Discounts CSC Grant 82 232627 FMV Student Tuition Discounts CSC Housing Grant 24 134000 FMV Student Tuition Discounts CSC Scholarships 495 2698652 FMV Student Tuition Discounts Endowed Scholarships 303 2088407 FMV Student Tuition Discounts Restricted Scholarships 110 850818 FMV Student Tuition Discounts CSC Grad Grants 47 90200 FMV Student Tuition Discounts Pell Grants 205 1005386 FMV Student Tuition Discounts Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Susan Stuebner Past President 318960 0 0 0 8500 0 13098 0 30074 0 370632 0 0 0 Daniel Parish VP Advancement 173789 0 0 0 0 0 6952 0 39 0 180780 0 0 0 Eden Wales VP Academics 170532 0 0 0 0 0 0 0 9140 0 179672 0 0 0 Robin Davis VP Student Development 133684 0 0 0 0 0 5347 0 33363 0 172394 0 0 0 Valerie Leclair VP Enrollment Management 138946 0 0 0 0 0 0 0 30586 0 169532 0 0 0 Karen Bonewald VP Finance/ Treasurer 161517 0 0 0 0 0 6461 0 1071 0 169049 0 0 0 Gregg Mazzola VP Communications & Marketing 140510 0 0 0 0 0 5620 0 22844 0 168974 0 0 0 Part I, Line 1a The College provides a housing allowance to Sue Stuebner, President of the Organization, as it is required that they live on campus as a part of their employment. During 2023, $30,000 of housing allowance was nontaxable to the president. Additionally, the College provides gross-up payments for moving expenses to cover the FICA and Medicare taxes for relocating employees. A New Hampshire Health and Education Facilities Authority 020279866 2012-06-13 27000000 Refinancing of Previous Bonds & Capital Improvements 0 0 0 A 6891234 27000000 371899 26628101 2012 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 11 924210 Stock Exchange 0 0 1 0 Form 990, Part VI, Section B, line 11b The audit committee reviewed a copy of the full Form 990, however only a redacted version without Schedule B was provided to the full Board prior to filing. Form 990, Part VI, Section B, line 12c All trustees submit a conflict of interest questionnaire annually. The questionnaires are reviewed by the secretary of the College and the College treasurer. Any conflicts would be referred to the audit committee, a permanent standing committee of the board of trustees, for review and any necessary action would be taken. Form 990, Part VI, Section B, line 15 The Compensation Subcommittee is under the Board Organization and Trusteeship Committee of the Board and is a permanent standing committee of the Board. The Chair of the Board also chairs the Compensation Subcommittee. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available upon request and through the employee handbook. Form 990, Part IX, line 11g Professional Services: Program service expenses 3,586,789. Management and general expenses 1,174,347. Fundraising expenses 27,174. Total expenses 4,788,310. Form 990, Part X, Line 10: Land, Buildings, and Equipment: Section 1.263(a)-3(n) Election: Colby-Sawyer College 541 Main Street, New London, NH 03257 EIN 02-0222120 Colby-Sawyer College is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Change in Value of Life Income Funds 85,720. Adjustment of Present Value Liability 15,150. Robert E Mulholland 2013 Charitable Remainder Unitrust 400 Park Avenue New York NY 10022 Charitable Remainder Unitrust NY Colby-Sawyer College T 490191 1.00000 1 The Richard N Thielen Charitable Remainder Unitrust RINET 101 Federal Street 14th Floor Boston MA 02110 Charitable Remainder Unitrust MA Colby-Sawyer College T 880647 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0