UNIVERSITY OF NEW ENGLAND

BIDDEFORD, ME, 04005-9526 (207) 602-2063 Est. 1831 EIN 01-0211810

B430— Education Form 990 501(c)(3)

www.une.edu

Mission

The University of New England prepares students to thrive in a rapidly-changing world and, in so doing, to improve the health of people, communities, and our planet.

Financials

Total Revenue

$303,386,239

Total Expenses

$256,436,740

Net Assets

$585,469,154

3,078 employees 30 volunteers

From latest filing (tax period ending 2024-05-31)

Financial Health

Operating Reserve

2.3 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 7.5%

Expenses ↑ 6.5%

Revenue Sources

Contributions 9.6% Earned revenue 79.6% Investment 8.5% Other 2.0%

Expense Breakdown

Program 88.2% Management 10.5% Fundraising 1.3%

Officers & Key Employees (40)

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Grants Received (766)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$303,386,239 ↑	$256,436,740	$585,469,154
2022 Form 990	$282,092,734 ↑	$240,884,585	$517,708,462
2021 Form 990	$270,155,659 ↓	$228,855,187	$476,539,763
2020 Form 990	$272,571,933 ↑	$226,354,856	$444,531,654
2019 Form 990	$268,322,443 ↑	$233,688,721	$389,384,670
2017 Form 990	$267,296,474	$230,981,584	$320,489,322