Colby College is the 12th oldest liberal arts college in the U.S. Distinctive in its offerings, Colby provides an intimate, undergraduate-focused learning environment with a breadth of programs presenting students and faculty with unparalleled opportunities. A vibrant and fully integrated academic, residential, and cocurricular experience is sustained by an inclusive and supportive community. Colby is a global institution with students representing nearly every U.S. state and over 50 countries.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations nationwide.
- Base
- $1.1M
- Bonus
- $1.2M
- Other
- $339k
- Benefits
- $136k
- Base
- $639k
- Bonus
- $102k
- Other
- $27k
- Benefits
- $12k
- Base
- $460k
- Bonus
- $10k
- Other
- $37k
- Benefits
- $588
- Base
- $413k
- Bonus
- —
- Other
- $249
- Benefits
- $29k
- Base
- $377k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $361k
- Bonus
- —
- Other
- —
- Benefits
- $29k
- Base
- $333k
- Bonus
- —
- Other
- $41k
- Benefits
- $30k
- Base
- $323k
- Bonus
- —
- Other
- $250
- Benefits
- $12k
- Base
- $280k
- Bonus
- —
- Other
- —
- Benefits
- $29k
- Base
- $267k
- Bonus
- $15k
- Other
- —
- Benefits
- $25k
- Base
- $243k
- Bonus
- —
- Other
- $30k
- Benefits
- $30k
- Base
- $259k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $253k
- Bonus
- $720
- Other
- —
- Benefits
- —
- Base
- $216k
- Bonus
- —
- Other
- $4k
- Benefits
- $28k
- Base
- $215k
- Bonus
- —
- Other
- $3k
- Benefits
- $30k
- Base
- $194k
- Bonus
- —
- Other
- —
- Benefits
- $23k
- Base
- $164k
- Bonus
- —
- Other
- $8k
- Benefits
- $14k
- Base
- $124k
- Bonus
- $23k
- Other
- $1k
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentilevs Education peers in Maine | $1.1M | $1.2M | $339k | $136k | $3M $3.4M |
Associate VP and Chief Investment Officer Board Vice President Above 90th percentile | $639k | $102k | $27k | $12k | $813k $907k |
Vice President for Administration and Chief Financial Officer Above 90th percentilevs Education peers in Maine | $460k | $10k | $37k | $588 | $508k $567k |
VP and Chief Institutional Advancement Officer Vice President Above 90th percentile | $413k | — | $249 | $29k | $473k $528k |
Vice President, General Counsel and Secretary of the College Vice President Above 90th percentile | $377k | — | — | $27k | $436k $486k |
Provost and Dean of Faculty Officer (Unspecified) | $361k | — | — | $29k | $421k $470k |
Vice President and Chief Human Resources Officer Vice President Above 90th percentile | $333k | — | $41k | $30k | $404k $451k |
Director Davis Institute for Ai Highest Compensated Employee Above 90th percentile | $323k | — | $250 | $12k | $342k $382k |
Vice President of Planning Vice President 75th to 90th percentile | $280k | — | — | $29k | $335k $374k |
Vice President and Chief of Staff Vice President 75th to 90th percentile | $267k | $15k | — | $25k | $332k $370k |
Dean of Students Highest Compensated Employee Above 90th percentile | $243k | — | $30k | $30k | $330k $368k |
Director, Museum of Art Highest Compensated Employee 75th to 90th percentile | $259k | — | — | $12k | $295k $330k |
Vice President and Director of Athletics Vice President 75th to 90th percentile | $253k | $720 | — | — | $278k $310k |
Professor Highest Compensated Employee 75th to 90th percentile | $216k | — | $4k | $28k | $267k $298k |
Former Vice President for Administration and CFO Former Officer/director/trustee Median to 75th percentile | $215k | — | $3k | $30k | $267k $298k |
Assoc Provost for Teaching & Learning Highest Compensated Employee 75th to 90th percentile | $194k | — | — | $23k | $235k $262k |
Former Dean of College Former Officer/director/trustee Median to 75th percentile | $164k | — | $8k | $14k | $202k $225k |
Dean of College Officer (Unspecified) | $124k | $23k | $1k | $11k | $159k $178k |
Trustee, Part-time Instructor Board Member 10th to 25th percentile | — | — | — | — | $6k $6k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 47 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at PRESIDENT & TRUSTEES OF COLBY COLLEGE equaled 1% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 16%
from 2022
From $2.6M in 2022 to $3M in 2023.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 16% from 2022 to 2023, while revenue rose 32%.
- Board Vice President pay rose 5% from 2022 to 2023.
- Vice President pay rose 12% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about PRESIDENT & TRUSTEES OF COLBY COLLEGE
What does the Chief Executive Officer of PRESIDENT & TRUSTEES OF COLBY COLLEGE earn?
In 2023, the Chief Executive Officer of PRESIDENT & TRUSTEES OF COLBY COLLEGE received $3,037,048 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Maine: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at PRESIDENT & TRUSTEES OF COLBY COLLEGE compare with similar nonprofits?
Compared with the same role at Education organizations in Maine, the 2023 pay of the Chief Executive Officer at PRESIDENT & TRUSTEES OF COLBY COLLEGE falls in the top 10%. In 2023, the highest total compensation at PRESIDENT & TRUSTEES OF COLBY COLLEGE equaled 1% of the organization's total expenses. The median for education organizations is 7%.
What are PRESIDENT & TRUSTEES OF COLBY COLLEGE's revenue and expenses?
In 2023, PRESIDENT & TRUSTEES OF COLBY COLLEGE reported $379.6M in total revenue and $299.3M in total expenses on its IRS Form 990.
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