Bowdoin College
Overview
Mission
It is the mission of the college to engage students of uncommon promise in an intense full-time education of their minds, exploration of their creative faculties, and development of their social and leadership abilities in a four-year course of study and residence that concludes with a baccalaureate degree in the liberal arts. The full text of the college's mission statement is available on the organization's website at https://www.bowdoin.edu/about/mission/index.html (all lower case).
What it reported doing in 2024
During fiscal year 2025, bowdoin enrolled 1,858 full-time equivalent (fte) students, not including 173 fte students who studied off campus; 95% complete the degree within five years; the student/faculty ratio is 9:1; 98% of faculty has a ph.d. Or equivalent. As of june 2025, 43,978 students have matriculated at bowdoin college, and 35,896 degrees in academic programs have been awarded.
Operating model
- Revenue model
- Earned-program. 62% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 010215213
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Brunswick, ME, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Universities
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 78
- Accountability: 94
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.6%; rating input score 100
- Program expense ratio: 81.7%; rating input score 82
- Fundraising efficiency: $8.52 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 95.2%; rating input score 95; 42nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Grant itemization coverage: 100%; rating input score 100; 47th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 97.5%; rating input score 98; 52nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 27.5%; rating input score 91; 91st percentile among comparable filings
- Operating reserve ratio: 10.93; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 99.6% of revenue deployed · 81.7% of spending went to programs
- Governance: 39 of 40 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $266.1M in reported program spending
- Leadership: top reported pay $2.1M · 60 people listed · 4 of 6 pay-setting controls reported
- Consistency: 51 of 52 current checks pass · 1 finding to review
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 26 filed money-flow records
- Related organizations: 6 filed related-organization links