Hampshire College Trustees

Nonprofit profile at a glance

EIN
046130872
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Amherst, MA, USA
Phone
4135494600
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$69,375,639
Expenses
$76,734,849
Assets
$70,901,323
Liabilities
$32,951,563

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • EDWARD WINGENBACH (PRESIDENT (UNTIL 06/25))

Highest reported compensation

  • EDWARD WINGENBACH (PRESIDENT (UNTIL 06/25)): $449,331 total reported compensation
  • JENNIFER CHRISLER (VP FOR INSTITUTIONAL SUPPORT): $269,473 total reported compensation
  • TANA BOONE UNTIL 0625 (VP OF ADMIN, FINANCE & TREASURER): $252,995 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of hampshire college is to foster a lifelong passion for learning, inquiry, and ethical citizenship that inspires students to contribute to knowledge, justice, and positive change in the world and, by doing so, to transform higher education.

What it reported doing in 2024

Includes the cost of health services, recreational athletics, dean of student's office expenses and other support services for students. Hampshire is one of 44 colleges profiled in colleges that change lives (ctcl) for "developing potential, values, initiative, and risk-taking" in students. Ctcl says of hampshire, "no college has students whose intellectual thyroids are more active or whose minds are more compassionately engaged." being part of hampshire is a whole new way of life, centered on community. Students are integral to every part of the college, serving on the board of trustees, hiring committees, budget committees), and more. 85% of students live on campus. Over 100 clubs, sports, and organizations.

Operating model

Revenue model
Earned-program. 83% 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 45% for direct work, and 55% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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: 85
  • Transparency & Controls: 74
  • Accountability: 86
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97%; rating input score 97
  • Program expense ratio: 86.3%; rating input score 86
  • Fundraising efficiency: $5.15 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • 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: Limited

Accountability

  • Independent voting board: 82.6%; rating input score 83; 30th 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: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.6%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.92; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -3% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 97% of revenue deployed · 86.3% of spending went to programs
  • Governance: 19 of 23 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $66.2M in reported program spending
  • Leadership: top reported pay $449K · 35 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.4M reported
  • Consistency: 43 of 43 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.