The Trustees of the Smith College

Overview

Mission

Smith college educates women of promise for lives of distinction and purpose. A college of and for the world, smith college links the power of the liberal arts to excellence in research and scholarship, developing leaders for society's challenges. See schedule o.

What it reported doing in 2024

The school for social work offers a master of social work (msw) degree focused on clinical social work and direct field work practice. The program stresses the integration of clinical theory & practice with an understanding of the social context in which people live. It also emphasizes an understanding of the social policies and organizational structure that influence the school's service delivery system. In addition, the school offers a ph.d. Program designed to prepare msws for leadership positions in clinical research, education, and practice. It also provides extensive postgraduate offerings through its continuing education program.

Operating model

Revenue model
Earned-program. 66% 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 67% for direct work, and 33% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
041843040
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2013
Headquarters
Northampton, MA, USA
Phone
4135852200
Rating
88
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: 88
  • Transparency & Controls: 79
  • Accountability: 98
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 82.5%; rating input score 83
  • Fundraising efficiency: $9.78 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • 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; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 96.7%; rating input score 97; 50th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 8.71; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 82.5% of spending went to programs
  • Governance: 29 of 30 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $368.4M in reported program spending
  • Leadership: top reported pay $1.7M · 47 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $78.8M reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 8 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.

Leadership & pay

47 people listed

Highest reported compensation

  • LISA MARIE HOWIE (CHIEF INVESTMENT OFFICER): $1,683,902 total reported compensation
  • SARAH WILLIE-LEBRETON (PRESIDENT): $745,032 total reported compensation
  • CAROLINE THOMAS (DIRECTOR OF INVESTMENTS): $678,328 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.