FRANKLIN W OLIN COLLEGE OF ENGINEERING INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FRANKLIN W OLIN COLLEGE OF ENGINEERING INC (EIN 06-1519057)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-03
- IRS object ID
- 202211249349301631
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-03T17:59:41-07:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061519057 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANKLIN W OLIN COLLEGE OF ENGINEERING INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRAN | BusinessNameControlTxt |
| Phone | 7812922300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Olin way | AddressLine1Txt |
| City | Needham | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024921200 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Donna Golemme | PersonNm |
| Person Title | VP for Finance and Administration | PersonTitleTxt |
| Phone | 7812922417 | PhoneNum |
| Signature | 2022-05-02 | SignatureDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| OOB Security Verification | 11 | OOBSecurityVerificationCd |
| Last Submission Rqr OOB | 0 | LastSubmissionRqrOOBCd |
| Authentication Assurance Level | AAL2 | AuthenticationAssuranceLevelCd |
| Profile Password Change | Yes (X) | ProfilePasswordChangeInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Gilda Barabino | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Olin Way | AddressLine1Txt |
| City | Needham | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024921200 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $132,511,772 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.Olin.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | Highly selective four-year undergraduate engineering college with a unique interdisciplinary, project-based curriculum emphasizing entrepreneurship, liberal arts, and rigorous science and engineering fundamentals. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 380 | TotalEmployeeCnt |
| Total Volunteers | 290 | TotalVolunteersCnt |
| Total Gross UBI | $124,216 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,092,727 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,275,866 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,399,191 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $18,500,256 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,480,524 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,639,888 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,208,111 | PYOtherRevenueAmt |
| CY Other Revenue | $675,215 | CYOtherRevenueAmt |
| PY Total Revenue | $37,180,553 | PYTotalRevenueAmt |
| CY Total Revenue | $38,091,225 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,426,574 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,628,806 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $19,737,608 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,725,256 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $26,738 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,278,620 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $23,363,215 | PYOtherExpensesAmt |
| CY Other Expenses | $23,662,096 | CYOtherExpensesAmt |
| PY Total Expenses | $55,527,397 | PYTotalExpensesAmt |
| CY Total Expenses | $55,042,896 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$18,346,844 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$16,951,671 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $461,193,357 | TotalAssetsBOYAmt |
| Total Assets EOY | $541,438,077 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $185,157,225 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $179,847,611 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $276,036,132 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $361,590,466 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Olin College prepares students to become exemplary engineering innovators who recognize needs, design solutions, and engage in creative enterprises for the good of the world. Olin is dedicated to continual discovery and development of effective learning approaches and environments, and to co-developing educational transformation with collaborators around the globe. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $41,916,096 | ExpenseAmt |
| Grant | $10,628,806 | GrantAmt |
| Revenue | $18,935,508 | RevenueAmt |
| Desc | Founded in 1997, Franklin W. Olin College of Engineering, Inc. (Olin or the College) is a diversified, gender-balanced undergraduate engineering institution with a dual mission to educate exemplary engineering innovators and to lead the transformation of engineering education. The College has approximately 300 students from around the world and has attracted over 900 applicants for the fall 2021 entering class. Olin's innovative approach to engineering education stresses project-based, interdisciplinary learning and encourages students to take control of their own education. Olin students learn 21st century skills and perspectives through authentic engineering challenges and entrepreneurial experiences. Olin has forged active partnerships with neighboring Babson and Wellesley Colleges and has co-designed transformative educational experiences with a broad range of collaborators from around the globe. Every admitted student receives an eight semester half tuition merit scholarship over four years. The College is accredited by the New England Commission of Higher Education (formerly a part of New England Association of Schools and Colleges) and the College's three degree programs are accredited by ABET, the accrediting organization for engineering programs. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $78,164 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $142,305 | RevenueAmt |
| Desc | Olin College's External Engagement is an expanded effort to accelerate the transformation of engineering education: a nexus for the development and exchange of educational ideas and approaches to change the way engineering is taught across the world. Today's complex global challenges - from sustainability to cyber security and eradication of disease - require the education of technical innovators who are able to navigate political, economic and cultural boundaries. The External Engagement initiative has had a tremendous impact in a short period of time through a series of outreach efforts, including visits from colleges, universities, high schools, and policy and business leaders. Its Summer Institute has hosted educators seeking leadership, inspiration, and help in changing their own educational programs. During FY21, External Engagement hosted 12 virtual seminars that involved 250 participants from 156 unique organizations and institutions from around the US and the globe. In addition, 72 people registered for the 2021 Virtual Summer Institute, from 8 institutions from the U.S. and 4 other countries. Olin is playing a significant role in the movement to transform educational practice across the globe. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $41,994,260 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 486 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 380 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Donna Golemme | PersonNm |
| Phone | 7812922416 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Olin way | AddressLine1Txt |
| City | Needham | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024921200 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Richard K Miller | ||||||||
| President Emeritus (since July 2020) | 50 | Yes (X) | $409,179 | $0 | $66,068 | |||
| Gilda Barabino | ||||||||
| Trustee(Ex-Officio)/President (since July 2020) | 50 | $358,106 | $0 | $29,011 | Yes (X) | Yes (X) | ||
| Patricia Gallagher | ||||||||
| VP for Financial Affairs & CFO & Treasurer | 50 | $246,773 | $0 | $45,157 | Yes (X) | |||
| Beth Kramer | ||||||||
| Vice President for Advancement | 50 | $267,870 | $0 | $20,521 | Yes (X) | |||
| Mark Somerville | ||||||||
| Provost | 50 | $235,973 | $0 | $47,746 | Yes (X) | |||
| Rae-Anne Butera | ||||||||
| Dean of Student Affairs (until May 2021) | 50 | $176,067 | $0 | $90,990 | Yes (X) | |||
| Benjamin Linder | ||||||||
| Professor | 50 | $223,014 | $0 | $35,612 | Yes (X) | |||
| Vincent Manno | ||||||||
| Provost Emeritus | 50 | Yes (X) | $228,031 | $0 | $12,820 | |||
| Lynn Andrea Stein | ||||||||
| Professor | 50 | $216,881 | $0 | $12,482 | Yes (X) | |||
| Jessica Townsend | ||||||||
| Interim Academic VP for External Engagement | 50 | $187,137 | $0 | $39,186 | Yes (X) | |||
| Emily Roper-Doten | ||||||||
| Dean of Admission and Financial Aid | 50 | $173,418 | $0 | $51,138 | Yes (X) | |||
| Jeremy Goodman | ||||||||
| VP for Admin Services & Innovation | 50 | $184,415 | $0 | $39,766 | Yes (X) | |||
| Richard Osterberg | ||||||||
| Chief Information Officer | 50 | $178,590 | $0 | $28,676 | Yes (X) | |||
| Jason Woodard | ||||||||
| Associate Professor and Associate Dean | 50 | $168,861 | $0 | $35,842 | Yes (X) | |||
| Robert Martello | ||||||||
| Professor | 50 | $167,664 | $0 | $34,111 | Yes (X) | |||
| Lauren Taaffe | ||||||||
| Vice President & Chief of Staff | 50 | $178,497 | $0 | $13,641 | Yes (X) | |||
| Anne-Marie Dorning | ||||||||
| VP of Marketing&Communications (since Jan '21) | 50 | $151,780 | $0 | $17,417 | Yes (X) | |||
| Alanna Boyd | ||||||||
| Former Int VP Dev,Fam & Alum Relations | 50 | Yes (X) | $118,097 | $0 | $6,605 | |||
| Kelly Sutherland | ||||||||
| Assistant Clerk to the Board of Trustees | 50 | $76,856 | $0 | $38,892 | Yes (X) | |||
| Kenneth R Stokes | ||||||||
| Chair | 4 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Beverly Wyse | ||||||||
| Vice Chair | 2 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Polina Segalova | ||||||||
| Clerk (until October 2020) | 2 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Gregory Marra | ||||||||
| Clerk (since Oct 2020) | 2 | $0 | $0 | $0 | Yes (X) | Yes (X) | ||
| Maia Bittner | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Chee Chew | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Michael A Coleman | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Jeannie Diefenderfer | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Lee Edwards | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Sherwin Greenblatt | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Scott Harris | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Bruce Herring | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Lawrence W Milas | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| George Milne Jr | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Venky Narayanamurti | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| William B Norden | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Lynn Pasquerella | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| James Plummer | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Richard T Roca | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Nina Saberi | ||||||||
| Trustee | 2 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,947,209 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $665,681 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 70 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Summit Rock Advisors | ||||||
| 9 West 57th Street | 12th Floor | New York | NY | 10019 | Investment Advisors & Mgmt | $2,540,485 |
| Aramark Facilities Services | ||||||
| PO Box 33170 | Newark | NJ | 07188 | Facilities Mgmt Svcs | $2,341,148 | |
| North Country Roofing LLC | ||||||
| 64 Ames Street | Brockton | MA | 02302 | Building Contractors | $1,244,000 | |
| Rebecca's Commissary Inc | ||||||
| 99 South Bedford Street | Suite 7 | Bedford | MA | 01803 | Dining Services | $710,678 |
| Babson College | ||||||
| 231 Forest Street | Babson Park | MA | 02457 | Shared Administration | $620,540 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $1,128,179 | GovernmentGrantsAmt |
| All Other Contributions | $3,147,687 | AllOtherContributionsAmt |
| Noncash Contributions | $50,065 | NoncashContributionsAmt |
| Total Contributions | $4,275,866 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Student tuition and fees | 611310 | $18,357,951 | $18,357,951 | $0 | $0 |
| External Engagement revenue | 611310 | $142,305 | $142,305 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $18,500,256 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,546,101 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $122,485 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,423,616 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $124,103 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $26,445 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $97,658 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97,658 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,731 | UnrelatedBusinessRevenueAmt |
| Exclusion | $95,927 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $103,576,276 | SecuritiesAmt |
| Other | $1,911,613 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $94,229,392 | SecuritiesAmt |
| Other | $164,710 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,346,884 | SecuritiesAmt |
| Other | $1,746,903 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,093,787 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,093,787 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $0 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Income | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $577,557 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $577,557 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $577,557 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,091,225 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,077,813 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $124,216 | UnrelatedBusinessRevenueAmt |
| Exclusion | $14,613,330 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,420 | TotalAmt |
| Program Services | $11,420 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,617,386 | TotalAmt |
| Program Services | $10,617,386 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,168,377 | TotalAmt |
| Program Services | $1,220,294 | ProgramServicesAmt |
| Management And General | $1,227,056 | ManagementAndGeneralAmt |
| Fundraising | $721,027 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,121,246 | TotalAmt |
| Program Services | $9,453,288 | ProgramServicesAmt |
| Management And General | $3,582,951 | ManagementAndGeneralAmt |
| Fundraising | $85,007 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $845,379 | TotalAmt |
| Program Services | $609,059 | ProgramServicesAmt |
| Management And General | $230,843 | ManagementAndGeneralAmt |
| Fundraising | $5,477 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,554,847 | TotalAmt |
| Program Services | $1,840,656 | ProgramServicesAmt |
| Management And General | $697,639 | ManagementAndGeneralAmt |
| Fundraising | $16,552 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,035,407 | TotalAmt |
| Program Services | $745,966 | ProgramServicesAmt |
| Management And General | $282,733 | ManagementAndGeneralAmt |
| Fundraising | $6,708 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,227 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $77,227 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,751 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $103,751 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,738 | TotalAmt |
| Fundraising | $26,738 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,330,002 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,330,002 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,775,630 | TotalAmt |
| Program Services | $3,410,002 | ProgramServicesAmt |
| Management And General | $1,205,491 | ManagementAndGeneralAmt |
| Fundraising | $160,137 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,269 | TotalAmt |
| Program Services | $312 | ProgramServicesAmt |
| Management And General | $104,577 | ManagementAndGeneralAmt |
| Fundraising | $1,380 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $933,424 | TotalAmt |
| Program Services | $614,722 | ProgramServicesAmt |
| Management And General | $305,622 | ManagementAndGeneralAmt |
| Fundraising | $13,080 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,053,152 | TotalAmt |
| Program Services | $469,040 | ProgramServicesAmt |
| Management And General | $572,930 | ManagementAndGeneralAmt |
| Fundraising | $11,182 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,111,368 | TotalAmt |
| Program Services | $1,038,968 | ProgramServicesAmt |
| Management And General | $36,862 | ManagementAndGeneralAmt |
| Fundraising | $35,538 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,941 | TotalAmt |
| Program Services | $40,382 | ProgramServicesAmt |
| Management And General | $24,042 | ManagementAndGeneralAmt |
| Fundraising | $517 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,850 | TotalAmt |
| Program Services | $51,508 | ProgramServicesAmt |
| Management And General | $26,035 | ManagementAndGeneralAmt |
| Fundraising | $2,307 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,509,410 | TotalAmt |
| Program Services | $5,167,180 | ProgramServicesAmt |
| Management And General | $251,844 | ManagementAndGeneralAmt |
| Fundraising | $90,386 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,441,674 | TotalAmt |
| Program Services | $4,165,769 | ProgramServicesAmt |
| Management And General | $203,036 | ManagementAndGeneralAmt |
| Fundraising | $72,869 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,146 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $220,146 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Dining/Facilities Mgmt Svcs | $1,383,430 | $1,383,430 | $0 | $0 |
| Maintenance/Repairs | $378,094 | $354,608 | $17,283 | $6,203 |
| Student Stipends | $370,844 | $370,844 | $0 | $0 |
| Books, Mags & Subscriptions | $266,736 | $253,045 | $11,711 | $1,980 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,148 | TotalAmt |
| Program Services | $176,381 | ProgramServicesAmt |
| Management And General | $258,235 | ManagementAndGeneralAmt |
| Fundraising | $21,532 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,042,896 | TotalAmt |
| Program Services | $41,994,260 | ProgramServicesAmt |
| Management And General | $11,770,016 | ManagementAndGeneralAmt |
| Fundraising | $1,278,620 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,806,572 | BOYAmt |
| EOY | $2,546,459 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,939,848 | BOYAmt |
| EOY | $3,363,503 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $937,950 | BOYAmt |
| EOY | $363,878 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,459,667 | BOYAmt |
| EOY | $1,030,605 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,399 | BOYAmt |
| EOY | $9,312 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,170,937 | BOYAmt |
| EOY | $2,322,019 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $159,411,122 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $87,128,824 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,191,465 | BOYAmt |
| EOY | $72,282,298 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,475,400 | BOYAmt |
| EOY | $143,247,318 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,261,484 | BOYAmt |
| EOY | $312,389,906 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,937,635 | BOYAmt |
| EOY | $3,882,779 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,193,357 | BOYAmt |
| EOY | $541,438,077 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,239,792 | BOYAmt |
| EOY | $5,926,383 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,949,582 | BOYAmt |
| EOY | $1,738,876 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,057,589 | BOYAmt |
| EOY | $147,913,785 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,910,262 | BOYAmt |
| EOY | $24,268,567 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,157,225 | BOYAmt |
| EOY | $179,847,611 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,129,910 | BOYAmt |
| EOY | $44,353,775 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,906,222 | BOYAmt |
| EOY | $317,236,691 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,036,132 | BOYAmt |
| EOY | $361,590,466 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,193,357 | BOYAmt |
| EOY | $541,438,077 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$16,951,671 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $97,919,166 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $4,586,839 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $12,864 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $12,864 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 | FormAndLineReferenceDesc |
| Explanation | The College is a member of the Association of Independent Colleges and Universities in Massachusetts (AICUM). AICUM is the leading voice on public policy matters relating to independent higher education in Massachusetts. AICUM engages in lobbying activities. Therefore, an undetermined portion of the dues paid by the College to AICUM may be attributable to lobbying activities. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $369,736,884 | BeginningYearBalanceAmt |
| Contributions | $638,709 | ContributionsAmt |
| Investment Earnings Or Losses | $108,539,149 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,617,386 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,660,133 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $455,637,223 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $383,956,119 | BeginningYearBalanceAmt |
| Contributions | $666,153 | ContributionsAmt |
| Investment Earnings Or Losses | $10,524,512 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,405,309 | GrantsOrScholarshipsAmt |
| Other Expenditures | $13,004,591 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $369,736,884 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $384,059,113 | BeginningYearBalanceAmt |
| Contributions | $152,668 | ContributionsAmt |
| Investment Earnings Or Losses | $20,368,897 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $11,749,488 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,875,071 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $383,956,119 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $376,279,011 | BeginningYearBalanceAmt |
| Contributions | $367,015 | ContributionsAmt |
| Investment Earnings Or Losses | $27,575,186 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $11,468,230 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,693,869 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $384,059,113 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $352,459,509 | BeginningYearBalanceAmt |
| Contributions | $299,588 | ContributionsAmt |
| Investment Earnings Or Losses | $42,045,995 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,517,663 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,008,418 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $376,279,011 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0243 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.0119 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.9638 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $14,604,513 | OtherCostOrOtherBasisAmt |
| Book Value | $14,604,513 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $132,289,584 | OtherCostOrOtherBasisAmt |
| Depreciation | $77,164,026 | DepreciationAmt |
| Book Value | $55,125,558 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $12,259,238 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,917,337 | DepreciationAmt |
| Book Value | $2,341,901 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $257,787 | OtherCostOrOtherBasisAmt |
| Depreciation | $47,461 | DepreciationAmt |
| Book Value | $210,326 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $72,282,298 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Equity Funds | $115,258,506 | F |
| Fixed Income | $30,524,038 | F |
| Real Asset Funds | $3,366,498 | F |
| Hedge Funds | $81,741,844 | F |
| Private Equity | $71,295,251 | F |
| Venture Capital Funds | $10,203,769 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $312,389,906 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Interest rate agreement | $14,268,567 |
| Taxable bonds | $10,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,268,567 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $127,676,287 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $97,919,166 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $97,919,166 | RevenueNotReportedAmt |
| Revenue Subtotal | $29,757,121 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,330,002 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $6,004,102 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $8,334,104 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $38,091,225 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $42,121,953 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $42,121,953 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,330,002 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $10,590,941 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $12,920,943 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $55,042,896 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | Most of the College's endowment is made up of the Olin Endowment, which is required to be held in perpetuity, subject to the exceptions explained below, in order to fund merit scholarships for all students. The Grant Agreement that created the Olin Endowment provides for its use in certain circumstances, such as for the payment of certain debt service should unrestricted net assets be insufficient for that purpose, and for certain capital outlays. |
| Schedule D, Part X, Line 2 | The College accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The College has identified its tax status as a tax exempt entity as its only significant tax position; however, the College has determined that such tax position does not result in an uncertainty requiring recognition. The College is not currently under examination by any taxing jurisdictions. The College's Federal and State tax returns are generally open for examination for three years following the date filed. |
| Schedule D, Part XI, Line 4b | Financial Aid: $10,617,386 Rental expenses: -$26,445 Mark to Market Swap : -$4,586,839 Total to Schedule D, Part XI, Line 4b: $6,004,102. |
| Schedule D, Part XII, Line 4b | Financial Aid: $10,617,386 Rental expenses: -$26,445 Total to Schedule D, Part XII, Line 4b: $10,590,941. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The College includes a statement of its racially nondiscriminatory policy in its brochures and catalogues dealing with student admissions, programs and scholarships, and on its website, olin.edu, and specifically at http://www.olin.edu/community/join/equal-opportunity/. Further, the College includes a reference to its racially nondiscriminatory policy in written advertising that it uses as a means of informing prospective students and the general public of its programs, The College customarily draws a substantial percentage of its students nationwide. The College demonstrates that it follows a racially nondiscriminatory policy by enrolling students of racial minority groups in meaningful numbers. |
| Schedule E, Part I, Line 6 | Federal grantor/pass-through grantor/program or cluster title and federal expenditures: Total Department of Education: $1,164,494. Total National Science Foundation: $479,453. US Department of Commerce: $61,191. National Aeronautics and Space Administration: $47,307 National Institutes of Health: $22,776. US Bureau of Reclamation: $14,446. Department of Defense: $7,996. National Endowment for the ARTS: $3,072 Total $1,800,735 |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | faculty research project | $2,133 |
| Europe (including Iceland and Greenland) | 0 | 0 | Program Services | conferences | $56 |
| Central America and the Caribbean | 0 | 0 | Investments | $214,560,704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Spent | $214,562,893 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | All amounts are calculated based on Generally Accepted Accounting Principles (GAAP). | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Martha Kurz Consulting LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 High Street | AddressLine1Txt |
| City | Rockport | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01966 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consulting | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $26,738 | RetainedByContractorAmt |
| Net To Organization | -$26,738 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $0 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $26,738 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$26,738 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part I, Line 2b | FormAndLineReferenceDesc |
| Explanation | See Schedule G, Part IV, Statement 1 | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tides Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 29903 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 941290903 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 510198509 | RecipientEIN |
| IRC Section | 501 (c) 3 | IRCSectionDesc |
| Cash Grant | $7,851 | CashGrantAmt |
| Purpose Of Grant | General Program Support | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| Olin Tuition Scholarship | 327 | $0 | $7,901,218 | Fair Martket Value | Tuition Discounts |
| Need Based Financial Aid | 134 | $0 | $2,645,002 | Fair Market Value | Tuition Discounts |
| Supplemental Education Opportunity Grant - Federal Aid Requested | 27 | $0 | $7,945 | Fair Market Value | Tuition Discounts |
| Yellow Ribbon Program Scholarship | 1 | $0 | $1,181 | Fair Market Value | Tuition Discounts |
| Room Scholarships for Residential Resources | 7 | $0 | $62,040 | Fair Market Value | Room Discounts |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | Olin College provides all accepted students with merit scholarships which cover half of their tuition and are credited directly to their student accounts. The scholarships are only used to offset tuition charges. The college provides assistance to certain not-for-profit organizations that support the College and/or have similar beliefs. The assistance is considered a donation. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard K Miller | ||||||||||||||
| President Emeritus | $373,221 | $0 | $0 | $0 | $35,958 | $0 | $21,375 | $0 | $44,693 | $0 | $475,247 | $0 | $0 | $0 |
| Gilda Barabino | ||||||||||||||
| Trustee(Ex-Officio)/President (since July 2020) | $279,031 | $0 | $0 | $0 | $79,075 | $0 | $21,375 | $0 | $7,636 | $0 | $387,117 | $0 | $0 | $0 |
| Patricia Gallagher | ||||||||||||||
| VP for Financial Affairs & CFO & Treasurer | $244,652 | $0 | $0 | $0 | $2,121 | $0 | $18,949 | $0 | $26,208 | $0 | $291,930 | $0 | $0 | $0 |
| Beth Kramer | ||||||||||||||
| Vice President for Advancement | $245,700 | $0 | $0 | $0 | $22,170 | $0 | $19,890 | $0 | $631 | $0 | $288,391 | $0 | $0 | $0 |
| Mark Somerville | ||||||||||||||
| Provost | $233,891 | $0 | $0 | $0 | $2,082 | $0 | $18,378 | $0 | $29,368 | $0 | $283,719 | $0 | $0 | $0 |
| Rae-Anne Butera | ||||||||||||||
| Dean of Student Affairs (until May 2021) | $174,137 | $0 | $0 | $0 | $1,930 | $0 | $13,820 | $0 | $77,170 | $0 | $267,057 | $0 | $0 | $0 |
| Vincent Manno | ||||||||||||||
| Provost Emeritus | $157,515 | $0 | $0 | $0 | $70,516 | $0 | $12,488 | $0 | $332 | $0 | $240,851 | $0 | $0 | $0 |
| Jessica Townsend | ||||||||||||||
| Interim Academic VP for External Engagement | $183,666 | $0 | $0 | $0 | $3,471 | $0 | $14,635 | $0 | $24,551 | $0 | $226,323 | $0 | $0 | $0 |
| Emily Roper-Doten | ||||||||||||||
| Dean of Admission and Financial Aid | $170,022 | $0 | $0 | $0 | $3,396 | $0 | $13,765 | $0 | $37,373 | $0 | $224,556 | $0 | $0 | $0 |
| Jeremy Goodman | ||||||||||||||
| VP for Admin Services & Innovation | $176,688 | $0 | $0 | $0 | $7,727 | $0 | $14,153 | $0 | $25,613 | $0 | $224,181 | $0 | $0 | $0 |
| Lauren Taaffe | ||||||||||||||
| Vice President & Chief of Staff | $176,345 | $0 | $0 | $0 | $2,152 | $0 | $13,226 | $0 | $415 | $0 | $192,138 | $0 | $0 | $0 |
| Anne-Marie Dorning | ||||||||||||||
| VP of Marketing&Communications (since Jan '21) | $149,689 | $0 | $0 | $0 | $2,091 | $0 | $11,475 | $0 | $5,942 | $0 | $169,197 | $0 | $0 | $0 |
| Benjamin Linder | ||||||||||||||
| Professor | $134,523 | $0 | $0 | $0 | $88,491 | $0 | $11,200 | $0 | $24,414 | $0 | $258,628 | $0 | $0 | $0 |
| Lynn Andrea Stein | ||||||||||||||
| Professor | $161,002 | $0 | $0 | $0 | $55,879 | $0 | $12,075 | $0 | $407 | $0 | $229,363 | $0 | $0 | $0 |
| Richard Osterberg | ||||||||||||||
| Chief Information Officer | $156,791 | $0 | $0 | $0 | $19,799 | $0 | $13,690 | $0 | $14,986 | $0 | $205,266 | $0 | $0 | $0 |
| Jason Woodard | ||||||||||||||
| Associate Professor and Associate Dean | $112,887 | $0 | $0 | $0 | $55,974 | $0 | $9,960 | $0 | $25,882 | $0 | $204,703 | $0 | $0 | $0 |
| Robert Martello | ||||||||||||||
| Professor | $133,596 | $0 | $0 | $0 | $34,068 | $0 | $10,583 | $0 | $23,528 | $0 | $201,775 | $0 | $0 | $0 |
| Alanna Boyd | ||||||||||||||
| Former Int VP Dev,Fam & Alum Relations | $25,004 | $0 | $0 | $0 | $35,948 | $0 | $2,130 | $0 | $72 | $0 | $63,154 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | As a condition of employment and for the convenience of the College, the former President was required to reside in College-provided housing. The College paid for the landscaping and cleaning services of the public areas of the President's house since certain College functions are held there. The estimated fair market rental value of the College-provided housing is $31,000 for the first half of the 2020 calendar year. This amount is not included as taxable wages and is disclosed as a part of Nontaxable Benefits. As a condition of employment and for the convenience of the College, the Dean of Student Life is required to reside in College-provided housing. The estimated fair market rental value of the College-provided housing is $40,000 for the 2020 calendar year. This amount is not included as taxable wages and is disclosed as a part of Nontaxable Benefits. The new President received a housing allowance of $50,000 for the second half of calendar 2020. This amount is included in Other Reportable Compensation. All officers are provided with a cell phone allowance which is grossed up. |
| Schedule J, Part I, Line 4 | A former officer left in 2020 and received a severance payment of $26,618. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MDFA Series C2 & C3 | ||||||||
| A | 043431814 | 57583RZG3 | 2008-09-04 | $84,000,000 | Refunding of Series A-1 & A-2 | 0 | 0 | 0 |
| MDFA Series D | ||||||||
| B | 043431814 | 2013-05-09 | $38,255,000 | Partial Refunding of Series C2 & C3 | 0 | 0 | 0 | |
| MDFA E | ||||||||
| C | 043431814 | 57583UVPO | 2013-05-09 | $65,553,326 | Refunding of Series B | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $84,100,156 | $0 | $0 | $83,285,106 | $672,658 | $42,392 | $0 | $0 | $0 | $0 | 2004 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $0 | $0 | $38,255,000 | $0 | $0 | $38,000,000 | $187,552 | $0 | $0 | $0 | $67,478 | $0 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) |
| C | $0 | $0 | $66,553,326 | $0 | $0 | $65,906,072 | $540,230 | $0 | $0 | $0 | $107,024 | $0 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.0016 | 0.008 | 0.0096 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.0029 | 0.0049 | 0.0078 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00 | 0.0081 | 0.0081 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part IV, Line 2c-09/04/2008 84,000,000 MDFA Series C2 & C3 | 06/30/2021 |
| Schedule K, Part IV, Line 2c-05/09/2013 38,255,000 MDFA Series D | 06/30/2021 |
| Schedule K, Part IV, Line 2c-05/09/2013 65,553,326 MDFA E | 06/30/2021 |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $96 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | fair market value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $49,969 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | see Part II | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 33 | FormAndLineReferenceDesc |
| Explanation | In Part I, Line 9 column (b) the College reported the number of contributions. Publicly traded securities are valued at the average of the high and low value on the date received. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11b | The College's core Form 990 and related schedules were reviewed by the Audit Committee of the Board of Trustees, senior management and a paid tax consultant. All feedback from the above parties was incorporated in the form. Prior to filing with the IRS, the final Form 990 is distributed to the full board for review through an email link to the college's intranet. |
| Form 990, Part VI, Section B, Line 12c | All Officers and Trustees are required to disclose annually any direct or indirect financial or other material interest which he or she or a family member has or reasonably expects to have in any proposed or existing contract, transaction, or arrangement with the College prior to the start of any negotiations with respect to such matter. Trustee disclosures are reviewed by the Chairperson and Clerk of the Board. Final review of potential Trustee conflicts is made by the full Board, the Executive Committee, or other Board committee having decision-making authority over the substantive matter in question. Any restrictions imposed on persons with a conflict would depend on the nature of the conflict. |
| Form 990, Part VI, Section B, Line 15 | The salaries of the president and all executive staff were reviewed by an external, nationally recognized consultant in FY20. The firm based their analysis based on market comparisons drawn from a blend of national and regional comparison groups that include highly ranked colleges and universities with comparably high admission requirements and from national and regional institutions that are comparable to Olin in terms of finances, academic programs, reputation and mission. General industry data was also included for those positions that are not unique to higher education. For each group, the consultant analyzed base salary, total cash compensation and total compensation for the 25th, 50th, 75th and 90th percentiles. Using this data, compensation for the President is set by the Board of Trustees and compensation for senior officers is set by the President and reviewed and approved by the Executive Committee of the Board of Trustees. For FY21 and FY22, the College applied an appropriate aging factor to the FY20 analysis and also consulted other market data as needed. All decisions regarding compensation are approved by independent persons and all deliberations and decisions are substantiated contemporaneously. |
| Form 990, Part VI, Section C, Line 19 | The governing documents, conflict of interest policy and financial statements are available to the public upon request. The audited financial statements and by-laws are also available via the organization's and Massachusetts Attorney General's websites. |
| Form 990, Part XI, Line 9 | Change in FMV interest rate agreement: $4,586,839 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Extension was filed. | ExplanationTxt |