Bates College is a college based in Lewiston, ME that was founded in 1855. As of 2018 they had $163 million in revenue and $655 million in assets.
Bates College has been dedicated to the emancipating potential of the liberal arts. Bates educates the whole person through creative and rigorous scholarship in a collaborative residential community.
Previous legal names or variations of their name include: President And Trustees Of Bates College.
EIN:
01-0211781
City:
State:
Website:
Phone:
207-786-6255
Twitter:
Founded:
1855
Type:
501(c)(3)
NTEE:
Revenue:
$163,103,162
Assets:
$655,746,273
Employees:
2,458
Fiscal year end:
June
Program areas at Bates College
Higher Education: Bates College, widely regarded as one of the finest liberal arts colleges in the nation, is dedicated to the principle of active engagement. A 10-1 student-faculty ratio makes possible close collaborations in classroom and laboratory; the Bates learning experience is honed through seminars, research, service-learning, and the capstone of senior thesis. Typically, two-thirds of Bates' approximately 1,787 students on campus study abroad at some point during their academic careers at Bates. Co-curricular life is rich: most students participate in one of approximately 120 student-run clubs and organizations. Alumni frequently cite the capacities they develop at Bates for critical assessment, analysis, expression, aesthetic sensibility and independent thought. Close to 80 percent of students participate in career internships, and more than two-thirds of recent graduates enroll in graduate study within 10 years after graduation. (Approximately 1,787 students on-campus.)
Form 990s for Bates College
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | Oct 12, 2019 | 990 | View PDF |
| 2017-06 | Sep 12, 2018 | 990 | View PDF |
| 2016-06 | Oct 2, 2017 | 990 | View PDF |
| 2015-06 | Aug 8, 2016 | 990 | View PDF |
| 2014-06 | Feb 23, 2015 | 990 | View PDF |
| ...and four more Form 990 PDFs |
Financials for Bates College
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $23,301 | $29,000 | -19.7% |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $2,078,935 | $2,415,645 | -13.9% |
| Normal grants, contributions, etc. | $20,711,805 | $84,877,703 | -75.6% |
| <em>Non-cash contributions included in above</em> | $5,438,376 | $4,945,580 | 10.0% |
| Total grants, contributions, etc. | $22,814,041 | $87,322,348 | -73.9% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $22,814,041 | $87,322,348 | -73.9% |
| Program services | $124,057,680 | $118,225,034 | 4.9% |
| Investment income and dividends | $3,777,794 | $2,002,900 | 88.6% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $47,198 | $-11,164 | 522.8% |
| Net gain from sale of non-inventory assets | $12,412,051 | $14,215,401 | -12.7% |
| Net income from fundraising events | $-5,602 | $1,801 | -411.0% |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $163,103,162 | $221,756,320 | -26.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $10,000 | $13,626 | -26.6% |
| Grants to individuals in USA | $32,830,304 | $31,852,496 | 3.1% |
| Grants to govts., orgs., and individuals outside USA | $1,437,846 | $1,229,960 | 16.9% |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $2,318,906 | $2,380,195 | -2.6% |
| Compensation not included above, to disqualified persons | $71,948 | $0 | 999% |
| Non-officer salaries and wages | $54,201,589 | $52,093,488 | 4.0% |
| Pension/retirement accruals and contributions | $5,017,006 | $4,837,275 | 3.7% |
| Other employee benefits | $8,227,643 | $8,131,747 | 1.2% |
| Payroll taxes | $3,745,676 | $3,599,024 | 4.1% |
| Management fees | $0 | $0 | |
| Legal fees | $336,105 | $399,207 | -15.8% |
| Accounting fees | $250,983 | $307,137 | -18.3% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $3,189,020 | $1,927,492 | 65.4% |
| Other fee-for-service | $3,192,276 | $4,068,980 | -21.5% |
| Advertising and promotion | $0 | $0 | |
| Office expenses | $2,953,054 | $2,532,788 | 16.6% |
| Information tech. expenses | $2,538,900 | $2,144,369 | 18.4% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $6,013,631 | $5,915,527 | 1.7% |
| Travel | $2,801,921 | $2,507,516 | 11.7% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $512,482 | $383,079 | 33.8% |
| Interest | $4,422,244 | $3,750,601 | 17.9% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $7,876,498 | $7,630,851 | 3.2% |
| Insurance | $734,123 | $763,827 | -3.9% |
| All other expenses | $9,526,548 | $10,076,139 | -5.5% |
| Total expenses | $152,208,703 | $146,545,324 | 3.9% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $41,248 | $46,405 | -11.1% |
| Savings, short-term investments, etc. | $7,110,498 | $10,441,891 | -31.9% |
| Pledges and grants receivable | $65,124,015 | $71,602,104 | -9.0% |
| Accounts receivable | $1,713,044 | $1,742,235 | -1.7% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $3,546,624 | $4,636,343 | -23.5% |
| Inventories for use | $311,711 | $344,112 | -9.4% |
| Prepaid expenses and deferred charges | $2,218,452 | $2,503,299 | -11.4% |
| Buildings, equipment, etc. post-depreciation | $184,571,749 | $182,724,711 | 1.0% |
| Investments, publicly traded securities | $144,083,779 | $143,779,371 | 0.2% |
| Investments, other securities | $227,813,746 | $202,161,959 | 12.7% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $19,211,407 | $18,494,333 | 3.9% |
| Total assets | $655,746,273 | $638,476,763 | 2.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $14,596,972 | $12,783,944 | 14.2% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $2,856,121 | $3,246,688 | -12.0% |
| Tax-exempt bond liabilities | $94,469,467 | $96,393,791 | -2.0% |
| Escrow or custodial account liability | $92,153 | $79,426 | 16.0% |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $24,857,697 | $27,624,280 | -10.0% |
| Total liabilities | $136,872,410 | $140,128,129 | -2.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $137,610,297 | $132,211,689 | 4.1% |
| Temporarily restricted net assets | $154,925,405 | $150,529,646 | 2.9% |
| Permanently restricted net assets | $226,338,161 | $215,607,299 | 5.0% |
Vendors for Bates College
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2020-03-01 |
| █████████ | Marketing software | | 2020-03-01 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-03-01 |
| █████████ | Content management system software | | 2020-03-01 |
| █████ ███████ ██████ ████ | Audit accounting | | 2019-11-18 |
| ████████ ████████████ | Construction | $2,549,148 | 2018-06-01 |
| █████ ██████████ ████████ | Maintenance | $549,058 | 2018-06-01 |
| ████ ███████ ████████ ███ | Investment Management | $788,705 | 2018-06-01 |
| ...and 24 more vendors |
Personnel at Bates College
| Name | Title | Compensation | Most recent data |
|---|
| Sean T. Findlen | Chief Communications Officer | $194,875 | Aug. 8, 2019 |
| Patricia A. Schoknecht | Chief Development Officer | - | Aug. 8, 2019 |
| ████████ ██ █████ | Vice President for Finance and Administration | $275,847 | Nov. 20, 2019 |
| █████ ██ ███████ | Vice President for College Advancement | $317,628 | June 12, 2019 |
| ██████ █████ | Assistant Vice President Human Resources , Environ Health and Safety | $156,398 | June 30, 2018 |
| ██████ ██ ████████ | Vice President for Campus Life | $207,840 | June 12, 2019 |
| ████ █████ ████ | Vice President for Equity and Inclusion | - | Aug. 8, 2019 |
| █████ ██ ████████████ | Dean of Admission and Financial Aid | $170,286 | Jan. 9, 2019 |
| ███████ ███ | Interim Vice President Academic Affairs and Dean of Faculty | $205,209 | June 30, 2018 |
| ████████ ████ | Director of Strategic Communications | - | Aug. 8, 2019 |
| ...and 12 more key personnel |
Peer undergraduate colleges
| | Name | Type | Revenue | Location |
|---|
| 1 | Saint Joseph's College of Maine | 501(c)(3) | $56 million | Standish, ME |
| 2 | Franklin College | 501(c)(3) | $44 million | Franklin, IN |
| 3 | Bowdoin College | 501(c)(3) | $237 million | Brunswick, ME |
| 4 | President and Trustees of Colby College | 501(c)(3) | $259 million | Waterville, ME |
| 5 | Iona College | 501(c)(3) | $165 million | New Rochelle, NY |
| 6 | Wheaton College | 501(c)(3) | $137 million | Norton, MA |
| 7 | Davidson College | 501(c)(3) | $195 million | Davidson, NC |
| 8 | Ohio Wesleyan University (OWU) | 501(c)(3) | $120 million | Delaware, OH |
| 9 | Colby-Sawyer College | 501(c)(3) | $54 million | New London, NH |
| 10 | Canisius College | 501(c)(3) | $128 million | Buffalo, NY |
| 11 | Harvey Mudd College | 501(c)(3) | $112 million | Claremont, CA |
| 12 | Alvernia University | 501(c)(3) | $84 million | Reading, PA |
| 13 | Dickinson College | 501(c)(3) | $209 million | Carlisle, PA |
| 14 | Mount St Joseph University | 501(c)(3) | $58 million | Cincinnati, OH |
| 15 | Presbyterian College | 501(c)(3) | $73 million | Clinton, SC |
| 16 | Daemen College | 501(c)(3) | $75 million | Amherst, NY |
| 17 | Hobart and William Smith Colleges (HWS) | 501(c)(3) | $178 million | Geneva, NY |
| 18 | Spelman College | 501(c)(3) | $168 million | Atlanta, GA |
| 19 | Hastings College | 501(c)(3) | $45 million | Hastings, NE |
| 20 | Manhattanville College | 501(c)(3) | $100 million | Purchase, NY |
| 21 | Thomas More University | 501(c)(3) | $52 million | Crestview Hills, KY |
| 22 | Emory and Henry College | 501(c)(3) | $63 million | Emory, VA |
| 23 | Simpson College | 501(c)(3) | $67 million | Indianola, IA |
| 24 | Wartburg College | 501(c)(3) | $84 million | Waverly, IA |
| 25 | Bridgewater College | 501(c)(3) | $97 million | Bridgewater, VA |