William James College

Legal name: William James College Inc

Nonprofit profile at a glance

EIN
042620216
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Newton, MA, USA
Phone
6173276777
Rating
91
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$51,788,980
Expenses
$49,995,609
Assets
$61,491,197
Liabilities
$31,186,793

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

Leadership & pay

24 people listed

Executive titles in this filing

  • NICHOLAS COVINO (PRESIDENT)
  • STACEY LAMBERT (VICE PRESIDENT OF ACADEMIC AFFAIRS)

Highest reported compensation

  • NICHOLAS COVINO (PRESIDENT): $786,973 total reported compensation
  • STACEY LAMBERT (VICE PRESIDENT OF ACADEMIC AFFAIRS): $339,964 total reported compensation
  • DANIEL BRENT (TREASURER AND CLERK): $309,020 total reported compensation

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

Overview

Mission

To educate the next generation of mental health professionals and leaders, integrating rigorous academic instruction with extensive field education.

What it reported doing in 2024

Advanced degree educational institution for psychology (approximately 950 students).academic programs: william james college offers innovative academic programs that train practitioners who are sensitive to underserved populations and is committed to maintaining an environment which acknowledges and respects cultural and individual differences. An integrative curriculum of concurrent field training and academic experience imparts knowledge and skills relevant to human diversity.degree programs:- doctor of psychology- doctor of psychology in school psychology- doctor of psychology in leadership psychology- master of arts in clinical mental health counseling- master of arts in organizational psychology- master of arts in professional psychology- master of arts in applied behavior analysis- master of arts in psychology- bachelor of science in psychology and human services- certificate of advanced graduate studies in school psychology- graduate certificate in executive coaching- continuing education, prepatory and non-matriculating courses- certificate in applied behavior analysis and graduate certificate in school leadership - graduate certificate in crisis response in behavioral health- graduate certificate in leading transformative mental health in schoolsthe coordination of the academic classroom experience and field placement is the foundation for the cohesive and comprehensive educational program at william james college. The academic emphasis on professional practice, opportunity to apply classroom learning in the field, and seminars designed to integrate classroom and field placement experience all contribute to this purpose. Field placement sites, selected and developed by the field placement staff, are compatible with the educational objectives of the college. Each student's field placement combines theory and practice, and maximizes the student's professional development.some of the most exciting and enriching learning opportunities take place in william james college's field placement program. With over 350 sites to choose from across the william james college training programs, students receive training in a broad array of contexts in which professional psychologists practice. Our integrated model includes an internship experience in the immediate or surrounding area that is consistent with the student's training goals and objectives.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 89.4%; rating input score 89
  • Fundraising efficiency: $18.63 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • 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: 100%; rating input score 100; 77th 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: 3.5%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 5.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 7.8% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 87.6% of revenue deployed · 89.4% of spending went to programs
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $44.7M in reported program spending
  • Leadership: top reported pay $787K · 24 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.8M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

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

  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.