Colorado College
Legal name: The Colorado College
Nonprofit profile at a glance
- EIN
- 840402510
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Colorado Springs, CO, USA
- Phone
- (719) 389-6000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
Reported finances
- Revenue
- $304,318,512
- Expenses
- $255,545,873
- Assets
- $1,561,054,973
- Liabilities
- $171,875,708
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
44 people listed
Executive titles in this filing
- MANYA WHITAKER (PRESIDENT)
- LEAH RICHARDSON (FORMER PRESIDENT)
Highest reported compensation
- MANYA WHITAKER (PRESIDENT): $467,047 total reported compensation
- KRIS MAYOTTE (HEAD HOCKEY COACH): $424,180 total reported compensation
- MICHAEL EDMONDS (FORMER SENIOR VP): $380,014 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At Colorado college our goal is to provide the finest liberal arts education in the country. Drawing upon the adventurous spirit of the rocky mountain west, we challenge students, one course at a time, to develop those habits of intellect and imagination that will prepare them for learning and leadership throughout their lives.
What it reported doing in 2024
To provide undergraduate and master-of-arts in teaching degree programs to approximately 2,100 students
Operating model
- Revenue model
- Other-operating. 70% of the money available for current operations came from other operating 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.
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: 80
- Transparency & Controls: 71
- Accountability: 98
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.7%; rating input score 89
- Program expense ratio: 88.5%; rating input score 88
- Fundraising efficiency: $3.34 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- 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: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 96.3%; rating input score 96; 51st 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%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 6.11; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 88.7% of revenue deployed · 88.5% of spending went to programs
- Governance: 26 of 27 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $226.2M in reported program spending
- Leadership: top reported pay $467K · 44 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $15.2M reported
- Consistency: 45 of 45 current checks pass
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 10 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.