Nonprofit · EIN 04-2103542
TRUSTEES OF AMHERST COLLEGE
Tax-exempt · AMHERST, MA 01002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $775,712,238 | $454,190,460 | $321,521,778 | $6,205,673,227 | $927,657,252 | $5,278,015,975 |
| June 30, 2024 | 990 | $433,011,031 | $419,424,157 | $13,586,874 | $5,575,113,189 | $756,798,426 | $4,818,314,763 |
| June 30, 2023 | 990 | $379,275,079 | $401,185,430 | -$21,910,351 | $5,302,371,715 | $773,657,627 | $4,528,714,088 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $55,541,575
- of which government grants
- $3,708,994
- Program service revenue
- $180,965,326
- Investment income
- $537,222,044
- Royalties
- $623,176
- Net rental income
- $760,638
- Net gain from sales of assets
- $495,402,452
- Net income from fundraising events
- -$249,991
- Other revenue
- $1,983,293
Expenses
- Grants and similar amounts paid
- $87,061,636
- Compensation of officers, directors and key employees
- $7,425,099
- Other salaries and wages
- $137,657,248
- Salaries, compensation and benefits (total)
- $190,529,574
- Professional fundraising fees
- $0
- Legal fees
- $1,281,255
- Accounting fees
- $378,270
- Occupancy
- $13,340,582
- Travel
- $5,183,214
- Depreciation
- $21,301,638
- Program services (functional)
- $350,155,105
- Management and general (functional)
- $91,044,380
- Fundraising (functional)
- $12,990,975
Balance sheet and other
- Total assets, start of year
- $5,575,113,189
- Total assets, end of year
- $6,205,673,227
- Total liabilities, end of year
- $927,657,252
- Net assets, end of year
- $5,278,015,975
- Land, buildings and equipment
- $891,172,934
- Publicly traded securities
- $482,031,593
- Net assets without donor restrictions
- $1,726,135,388
- Net assets with donor restrictions
- $3,551,880,587
- Gross unrelated business income
- $6,831,823
- Gross receipts
- $1,351,565,020
- Employees
- 3,592
- Volunteers
- 2,137
- Year formed
- 1821
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LETITIA JOHNSON | CHIEF INVESTMENT OFFICER Officer | 40 | $1,680,803 | $31,031 |
| MICHAEL WITMORE | DIR-FOLGER SHARESPEARE LIB END 6/24 Highest-paid employee | 40 | $900,650 | $17,539 |
| MICHAEL ELLIOTT | PRESIDENT Trustee or director, Officer | 40 | $697,632 | $148,610 |
| LISA RUTHERFORD | CHIEF POLICY OFFICER & GEN COUNSEL Key employee | 40 | $445,037 | $113,810 |
| MICHAEL THOMAS | CHIEF FIN & ADMIN OFFICER Officer | 40 | $504,177 | $51,331 |
| CATHERINE EPSTEIN | PROVOST & DEAN FACULTY END 6/24 Key employee | 40 | $440,310 | $91,885 |
| DAWN BATES | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $475,966 | $42,954 |
| ELIZABETH CANNON SMITH | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $423,801 | $83,381 |
| GREGORY PRICKMAN | INT DIR-FOLGER SHAKESP. LIB 7-10/24 Officer | 40 | $398,945 | $86,773 |
| JACK CHENEY | PROFESSOR OF GEOLOGY Highest-paid employee | 40 | $404,976 | $74,033 |
| SHANE LEVY | INVESTMENT OFFICER Highest-paid employee | 40 | $403,593 | $31,037 |
| AUSTIN SARAT | PROFESSOR OF POLI SCI & LJST Highest-paid employee | 40 | $380,408 | $48,961 |
| THOMAS DWYER | ASSOCIATE CFO, FORMER INTERIM CFO Former | 40 | $344,179 | $78,419 |
| MATTHEW MCGANN | DEAN OF ADMISSION & FIN AID Key employee | 40 | $361,557 | $40,548 |
| ANGIE TISSI-GASSOWAY | CHIEF STUDENT AFF & DEAN STUDENTS Key employee | 40 | $291,177 | $45,599 |
26 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTHA UMPHREY | PROVOST & DEAN OF FACULTY EFF 7/24 Key employee | 40 | $262,073 | $70,499 |
| RUTH TAYLOR-KIDD | CHIEF FINANCIAL OFFICER - FOLGER Key employee | 40 | $280,313 | $34,765 |
| STEPHEN NIGRO | CONTROLLER Officer | 40 | $179,339 | $37,451 |
| FARAH KARIM-COOPER | DIR-FOLGER SHAKESPEARE LIB EFF 10/24 Officer | 40 | $124,916 | $7,338 |
| MINDY BERMAN | TRUSTEE EFF 7/24 Trustee or director | 5 | $0 | $0 |
| MARY ELIZABETH CISNEROS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| BONNIE BARSAMIAN DUNN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| NAANA FRIMPONG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DOUGLAS GRISSOM | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JASON GROSFELD | TRUSTEE EFF 7/24 Trustee or director | 5 | $0 | $0 |
| REJJI HAYES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MATTHEW HULSIZER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PHILLIP JACKSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHANTAL KORDULA | TRUSTEE - CHAIR Trustee or director | 5 | $0 | $0 |
| SIMON KRINSKY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JI-YEUN LEE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID MACLENNAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID NOVAK | TRUSTEE Trustee or director | 5 | $0 | $0 |
| WILLIAM O'MALLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DWIGHT POLER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTINE NOYER SEAVER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELIZABETH SHELBURNE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| GRETCHEN SISSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PAUL SMITH | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| KIMBERLEE WYCHE-ETHERIDGE | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LETITIA JOHNSON | CHIEF INVESTMENT OFFICER Officer | 40 | $1,508,991 | $36,873 |
| MICHAEL ELLIOTT | PRESIDENT Trustee or director, Officer | 40 | $673,206 | $194,059 |
| MICHAEL WITMORE | DIR - FOLGER SHAKESPEARE LIBRARY Officer | 40 | $766,576 | $78,763 |
| CAROLYN BIDDY MARTIN | PRESIDENT EMERITIUS Former | 40 | $818,539 | $18,672 |
| LISA RUTHERFORD | GEN COUNSEL & SR ADV TO PR Key employee | 40 | $445,483 | $71,372 |
| CATHERINE EPSTEIN | PROVOST AND DEAN OF FACULTY Key employee | 40 | $422,430 | $78,851 |
| ELIZABETH CANNON-SMITH | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $406,921 | $71,764 |
| DAWN BATES | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $444,299 | $22,987 |
| MICHAEL THOMAS | CHIEF FIN & ADMIN OFFICER EFF 3/23 Officer | 40 | $382,768 | $52,067 |
| AUSTIN SARAT | PROF OF POLI SCI & LAW Highest-paid employee | 40 | $387,047 | $44,371 |
| LIZ AGOSTO | DEAN OF STUDENTS THRU 1/23 Key employee | 40 | $413,649 | $10,658 |
| THOMAS DWYER | ASSOCIATE CFO Highest-paid employee | 40 | $360,938 | $46,220 |
| SHANE LEVY | INVESTMENT OFFICER Highest-paid employee | 40 | $376,632 | $30,203 |
| SANDRA GENELIUS | CHIEF COMMUNICATIONS OFFICER Highest-paid employee | 40 | $347,683 | $55,069 |
| MATTHEW MCGANN | DEAN OF ADMISSION & FIN AID Key employee | 40 | $357,723 | $38,036 |
| ANGIE TISSI-GASSOWAY | CHF STUD AFF/DEAN STU EFF 3/23 Key employee | 40 | $270,785 | $42,405 |
| RUTH TAYLOR-KIDD | CHIEF FINANCIAL OFFICER - FOLGER Key employee | 40 | $277,051 | $31,301 |
| STEPHEN NIGRO | CONTROLLER Officer | 40 | $172,876 | $35,757 |
| JAMES BRASSORD | FORMER CHIEF OF CAMPUS OPS Former | 40 | $121,705 | $21,134 |
| THEODORE BENESKI | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARY ELIZABETH CISNEROS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| BONNIE BARSAMIAN DUNN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| NAANA FRIMPONG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DOUGLAS GRISSOM | TRUSTEE Trustee or director | 5 | $0 | $0 |
| REJJI HAYES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MATTHEW HULSIZER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PHILLIP JACKSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHANTAL KORDULA | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SIMON KRINSKY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| EUNEI LEE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JI-YEUN LEE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID MACLENNAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID NOVAK | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANDREW NUSSBAUM | TRUSTEE Trustee or director | 5 | $0 | $0 |
| WILLIAM O'MALLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DWIGHT POLER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTINE NOYER SEAVER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELIZABETH SHELBURNE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| GRETCHEN SISSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PAUL SMITH | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| KIMBERLEE WYCHE-ETHERIDGE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| NICOLAS ZERBIB | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LETITIA JOHNSON | CHIEF INVESTMENT OFFICER Key employee | 40 | $1,467,882 | $37,284 |
| MICHAEL WITMORE | DIRECTOR OF FOLGER SHAKESPEAR LIB Officer | 40 | $1,090,632 | $63,019 |
| CAROLYN MARTIN | PRESIDENT (THRU 7/22) Trustee or director, Officer | 40 | $750,726 | $55,414 |
| LISA RUTHERFORD | GEN COUNSEL & SR ADV TO PRES Key employee | 40 | $422,070 | $79,490 |
| AUSTIN SARAT | PROF OF POLI SCI AND LJST Highest-paid employee | 40 | $450,652 | $50,023 |
| CATHERINE EPSTEIN | PROVOST AND DEAN OF FACULT Key employee | 40 | $405,529 | $79,929 |
| ELIZABETH CANNON-SMITH | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $388,466 | $62,008 |
| DAWN BATES | DIRECTOR OF OPERATIONS-INVESTMENTS Highest-paid employee | 40 | $407,592 | $28,107 |
| MICHAEL ELLIOTT | PRESIDENT (AS OF 8/22) Trustee or director, Officer | 40 | $309,724 | $94,560 |
| THOMAS DWYER | INTERIM CFO (THRU 3/23) Officer | 40 | $337,879 | $64,811 |
| SANDRA GENELIUS | CHIEF COMMUNICATIONS OFFIC Highest-paid employee | 40 | $334,687 | $61,659 |
| ABBEY SILBERMAN FAGIN | FOLGER CHIEF ADV OFF (THRU 9/22) Highest-paid employee | 40 | $339,576 | $50,432 |
| SHANE LEVY | INVESTMENT OFFICER Highest-paid employee | 40 | $345,685 | $35,264 |
| MATTHEW MCGANN | DEAN OF ADMISSION & FINANCIAL AID Key employee | 40 | $336,567 | $36,333 |
| JAMES BRASSORD | CHIEF OF CAMPUS OPS (THRU 3/23) Key employee | 40 | $282,942 | $59,181 |
| LIZ AGOSTO | CHF STUD AFF/DEAN STUD (THRU 1/23) Key employee | 40 | $262,630 | $39,351 |
| RUTH TAYLOR-KIDD | CHIEF FINANCIAL OFFICER - FOLGER Key employee | 40 | $240,824 | $27,961 |
| KATHLEEN PERTZBORN | CHIEF OF STAFF Officer | 40 | $193,633 | $40,453 |
| STEPHEN NIGRO | CONTROLLER Officer | 40 | $166,343 | $26,655 |
| THEODORE BENESKI | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANDREW NUSSBAUM | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SIMON KRINSKY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SHIRLEY TILGHMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ARTHUR KOENIG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SARAH BLOOM RASKIN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| REJJI HAYES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PHILLIP JACKSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PAUL SMITH | TRUSTEE Trustee or director | 5 | $0 | $0 |
| NICOLAS ZERBIB | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELIZABETH SHELBURNE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHANTAL KORDULA | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTINE NOYER SEAVER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MATTHEW HULSIZER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARY ELIZABETH CISNEROS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID MACLENNAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DAVID NOVAK | TRUSTEE Trustee or director | 5 | $0 | $0 |
| KIMBERLEE WYCHE-ETHERIDGE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DOUGLAS GRISSOM | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JEFFERY BLEICH | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DWIGHT POLER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| EUNEI LEE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| NAANA FRIMPONG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| WILLIAM O'MALLEY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MICHAEL THOMAS | CHIEF FIN/ADMIN OFF (AS OF 3/23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 S PLEASANT ST, AMHERST, MA 01002-2372
- In care of
- % STEPHEN NIGRO
- Principal officer (990 for 2024)
- MICHAEL A ELLIOTT, PO BOX 5000 CONTROLLERS OFFICE, AMHERST, MA 01002
- Signed the 990
- MICHAEL THOMAS, CHIEF FIN & ADMIN OFFICER
- Phone
- (413) 542-2101
- Website
- WWW.AMHERST.EDU
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- HIGHER EDUCATION: UNDERGRADUATE EDUCATIONAMHERST COLLEGE IS AN UNDERGRADUATE INSTITUTION WITH AN APPROXIMATE STUDENT ENROLLMENT OF 2,000.Expenses $318,531,120 · grants $85,552,813 · revenue $178,565,377
- THE FOLGER SHAKESPEARE LIBRARY IS HOME TO A SHAKESPEARE COLLECTION, A CENTER FOR SCHOLARLY RESEARCH, A VENUE FOR PERFORMANCES, READINGS, AND EXHIBITIONS, AND A LEADER IN HUMANITIES EDUCATION.Expenses $31,623,985 · grants $1,508,823 · revenue $3,619,882
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2103542
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1933
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $6,205,673,227
- Income (IRS master file)
- $1,351,565,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $775,712,238 | $454,190,460 | $6,205,673,227 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $433,011,031 | $419,424,157 | $5,575,113,189 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $379,275,079 | $401,185,430 | $5,302,371,715 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $604,902,946 | $387,228,754 | $5,256,232,111 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103542).
Questions about TRUSTEES OF AMHERST COLLEGE
- What is the EIN of TRUSTEES OF AMHERST COLLEGE?
- The employer identification number (EIN) of TRUSTEES OF AMHERST COLLEGE is 04-2103542.
- Is TRUSTEES OF AMHERST COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1933.
- Are donations to TRUSTEES OF AMHERST COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF AMHERST COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUSTEES OF AMHERST COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUSTEES OF AMHERST COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TRUSTEES OF AMHERST COLLEGE?
- The 990 for the year ended June 30, 2025 names MICHAEL A ELLIOTT.
- Who are the officers and directors of TRUSTEES OF AMHERST COLLEGE?
- The 990 for the year ended June 30, 2025 lists 41 people; 19 received compensation from the organization, the highest $1,680,803 (LETITIA JOHNSON, CHIEF INVESTMENT OFFICER).
- How much revenue does TRUSTEES OF AMHERST COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $775,712,238, expenses of $454,190,460 and total assets of $6,205,673,227 at year end.
Other nonprofits in AMHERST
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- UNIVERSITY OF MASSACHUSETTS AMHERST FOUNDATION INC EIN 54-2084125 · last filed 990 for 2025
- FIVE COLLEGES INCORPORATED EIN 04-6134696 · last filed 990 for 2025
- JONES LIBRARY INC EIN 04-2104358 · last filed 990 for 2025
- AMHERST MONTESSORI SCHOOL INC EIN 04-2660266 · last filed 990 for 2020
- ASSOCIATION OF AMHERST STUDENTS INC EIN 04-2978101 · last filed 990 for 2024
- GREEN MOUNTAIN CHAMBER MUSIC FESTIVAL EIN 37-1501970 · last filed 990 for 2025
- FRIENDS OF THE JONES LIBRARY SYSTEM INC EIN 04-3551837 · last filed 990 for 2025