Middlebury
Overview
Mission
Through a commitment to immersive learning, Middlebury prepares students to lead engaged, consequential, and creative lives, contribute to their communities, and address the world’s most challenging problems. 6. Middlebury School of the Environment Following the adoption of a new strategic framework on October 21, 2017, the Board of Trustees approved the first statement of mission that is inclusive of all of Middlebury’s academic programs. Further, each individual entity—the College, the Institute, the Language Schools, the C.V. Starr Schools Abroad, the Bread Loaf School of English, and the School of the Environment—has a new mission statement of its own. Through a commitment to immersive learning, we prepare students to lead engaged, consequential, and creative lives, contribute to their communities, and address the world’s most challenging problems.
What it reported doing in 2024
Instruction represents the expenses for the educational programs. The programs are comprised of students who are full time on the Middlebury VT campus plus the students who are attending the study abroad and summer programs. A bachelors degree and a masters in language and English are the primary degrees granted. The Monterey CA campus offers graduate degrees in programs of study in translation, interpretation and language education and international policy management.
Operating model
- Revenue model
- Earned-program. 65% 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 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 030179298
- IRS 990 coverage
- 2009–2024
- Website reviewed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Middlebury, VT, USA
- Rating
- 80
- 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 website gives limited detail about important organizational relationships.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 69
- Accountability: 86
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 84.7%; rating input score 85
- Fundraising efficiency: $21.19 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 1 of 7 controls in place; rating input score 14
- Public financial transparency: 0 of 5 controls in place; rating input score 0
- Impact reporting controls: 0 of 7 controls in place; rating input score 0
- Public relationship transparency: No; rating input score 0
Accountability
- Independent voting board: 97.1%; rating input score 97; 51st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Public governance controls: 1 of 4 controls in place; rating input score 25
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 13.2%; rating input score 79; 79th percentile among comparable filings
- Operating reserve ratio: 5.37; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 23rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: 84.2% of revenue deployed · 84.7% of spending went to programs
- Governance: 34 of 35 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $376M in reported program spending
- Leadership: top reported pay $811K · 48 people listed · 5 of 6 pay-setting controls reported
- Consistency: 41 of 41 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 14 annual filings from 2009 to 2024
- Money network: 24 filed money-flow records
- Related organizations: 11 filed related-organization links