Middlebury

Legal name: President and Fellows of Middlebury College

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
Other-operating. 63% of the money available for current operations came from other operating 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
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Middlebury, VT, USA
Phone
8024435547
Rating
85
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 83
  • Accountability: 94
  • 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; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • 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

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
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.2%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 5.37; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 64; 64th 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
  • Highest-paid contractors: 5 contractors listed · $36.5M 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
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

48 people listed

Highest reported compensation

  • Laurie L Patton (President (Thru 12/31/24)): $810,670 total reported compensation
  • David Provost (EVP Finance & Admin.): $552,809 total reported compensation
  • Daniel J Courcey (VP Advancement): $516,452 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.