President And Trustees Of Bates College
Bates College maintains strong financial health with consistent revenue growth and substantial assets.
EIN: 10211781 · Lewiston, ME · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253.0M |
| Total Expenses | $179.5M |
| Program Spending | 80% |
| Net Assets | $671.7M |
| Transparency Score | 85/100 |
Is President And Trustees Of Bates College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
President And Trustees Of Bates College directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About President And Trustees Of Bates College
President And Trustees Of Bates College (EIN: 10211781) is a nonprofit organization based in Lewiston, ME, classified under NTEE code B420. The organization reported total revenue of $253.0M and total assets of $887.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of President And Trustees Of Bates College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
President And Trustees Of Bates College is a major nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192.1M |
| Total Expenses | $179.5M |
| Surplus / Deficit | +$12.6M |
| Total Assets | $880.5M |
| Total Liabilities | $208.8M |
| Net Assets | $671.7M |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 58.9 months |
Financial Health Grade: A
In 2023, President And Trustees Of Bates College reported a surplus of $12.6M with revenue exceeding expenses, holds 58.9 months of operating reserves (strong position), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), President And Trustees Of Bates College's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +4.1% | +0.8% |
| 2022 | +2.1% | +6.3% | -1.9% |
| 2021 | +15.3% | +3.9% | +20.1% |
| 2020 | -8.9% | -1.5% | +9.9% |
| 2019 | +13.1% | +4.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates President And Trustees Of Bates College with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, President And Trustees Of Bates College allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% for Officer Compensation across all filings, which is unusual for an organization of this size and suggests executive compensation may be reported under other expense categories or through related entities, warranting further investigation into the full compensation structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of President And Trustees Of Bates College's IRS 990 filings:
- Lack of detailed executive compensation reporting in provided data (0% Officer Comp consistently)
Strengths
The following positive indicators were identified for President And Trustees Of Bates College:
- Consistent operating surpluses (e.g., $12.6M in 202306)
- Strong and growing asset base (from $539M in 2014 to $880M in 2023)
- Stable revenue generation over time
- Effective financial management leading to asset accumulation
Frequently Asked Questions about President And Trustees Of Bates College
Is President And Trustees Of Bates College a legitimate charity?
Based on AI analysis of IRS 990 filings, President And Trustees Of Bates College (EIN: 10211781) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does President And Trustees Of Bates College spend its money?
President And Trustees Of Bates College directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to President And Trustees Of Bates College tax-deductible?
President And Trustees Of Bates College is registered as a tax-exempt nonprofit (EIN: 10211781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of President And Trustees Of Bates College's spending goes to programs?
President And Trustees Of Bates College directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does President And Trustees Of Bates College compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), President And Trustees Of Bates College is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is President And Trustees Of Bates College located?
President And Trustees Of Bates College is headquartered in Lewiston, Maine and files with the IRS under EIN 10211781. It is classified under NTEE code B420.
How many years of IRS 990 filings does President And Trustees Of Bates College have?
President And Trustees Of Bates College has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $253.0M in total revenue.
How is executive compensation for Bates College reported if 'Officer Comp' is consistently 0%?
The consistent reporting of 0% for 'Officer Comp' across all filings suggests that executive compensation for President And Trustees Of Bates College might be included within other expense categories, paid by a related entity, or structured in a way that it doesn't appear directly as 'Officer Comp' on these specific 990 lines. Further review of the full 990 forms, particularly Part VII (Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors), would be necessary to understand the complete compensation picture.
What is the primary driver of Bates College's revenue, given its NTEE code B420?
Given the NTEE code B420 (Colleges, Universities, Professional Schools), the primary drivers of Bates College's revenue would typically include tuition and fees, endowment returns, government grants, and philanthropic contributions. The substantial and growing asset base, reaching $880,484,919 in 2023, indicates a significant endowment likely contributing to its revenue streams.
How has Bates College managed to consistently generate operating surpluses?
Bates College has consistently generated operating surpluses by maintaining expenses below revenues. For example, in 2023, revenue was $192,073,209 against expenses of $179,471,899, resulting in a surplus of over $12 million. This consistent financial management has allowed for significant asset growth over the past decade, from $539,873,664 in 2014 to $880,484,919 in 2023.
Filing History
IRS 990 filing history for President And Trustees Of Bates College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), President And Trustees Of Bates College's revenue has grown by 49.9%, moving from $128.1M to $192.1M. Total assets increased by 94.6% over the same period, from $452.5M to $880.5M. Total functional expenses rose by 50.1%, from $119.5M to $179.5M. In its most recent filing year (2023), President And Trustees Of Bates College reported a surplus of $12.6M, with revenue exceeding expenses. The organization holds $208.8M in liabilities against $880.5M in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $671.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192.1M | $179.5M | $880.5M | $208.8M | — | — |
| 2022 | $198.0M | $172.5M | $873.2M | $219.3M | — | View 990 |
| 2021 | $194.0M | $162.3M | $890.1M | $206.7M | — | View 990 |
| 2020 | $168.2M | $156.2M | $741.0M | $182.5M | — | View 990 |
| 2019 | $184.5M | $158.7M | $674.3M | $134.6M | — | View 990 |
| 2018 | $163.1M | $152.2M | $655.7M | $136.9M | — | View 990 |
| 2017 | $221.8M | $146.5M | $638.5M | $140.1M | — | View 990 |
| 2016 | $164.4M | $137.1M | $542.5M | $148.9M | — | View 990 |
| 2015 | $164.9M | $136.1M | $541.9M | $151.0M | — | View 990 |
| 2014 | $167.6M | $133.0M | $539.9M | $151.3M | — | View 990 |
| 2013 | $129.0M | $127.8M | $449.9M | $100.2M | — | View 990 |
| 2012 | $127.7M | $125.6M | $432.8M | $102.5M | — | View 990 |
| 2011 | $128.1M | $119.5M | $452.5M | $106.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192.1M, expenses of $179.5M, and assets of $880.5M (revenue -3.0% year-over-year).
- 2022: Revenue of $198.0M, expenses of $172.5M, and assets of $873.2M (revenue +2.1% year-over-year).
- 2021: Revenue of $194.0M, expenses of $162.3M, and assets of $890.1M (revenue +15.3% year-over-year).
- 2020: Revenue of $168.2M, expenses of $156.2M, and assets of $741.0M (revenue -8.9% year-over-year).
- 2019: Revenue of $184.5M, expenses of $158.7M, and assets of $674.3M (revenue +13.1% year-over-year).
- 2018: Revenue of $163.1M, expenses of $152.2M, and assets of $655.7M (revenue -26.4% year-over-year).
- 2017: Revenue of $221.8M, expenses of $146.5M, and assets of $638.5M (revenue +34.9% year-over-year).
- 2016: Revenue of $164.4M, expenses of $137.1M, and assets of $542.5M (revenue -0.3% year-over-year).
- 2015: Revenue of $164.9M, expenses of $136.1M, and assets of $541.9M (revenue -1.6% year-over-year).
- 2014: Revenue of $167.6M, expenses of $133.0M, and assets of $539.9M (revenue +30.0% year-over-year).
- 2013: Revenue of $129.0M, expenses of $127.8M, and assets of $449.9M (revenue +1.0% year-over-year).
- 2012: Revenue of $127.7M, expenses of $125.6M, and assets of $432.8M (revenue -0.3% year-over-year).
- 2011: Revenue of $128.1M, expenses of $119.5M, and assets of $452.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for President And Trustees Of Bates College:
Data Sources and Methodology
This transparency report for President And Trustees Of Bates College is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.