FRANKLIN W OLIN COLLEGE OF ENGINEERING INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: FRANKLIN W OLIN COLLEGE OF ENGINEERING INC (EIN 06-1519057)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2018-04-30
IRS object ID: 201821229349301647
Schema version: 2016v3.0
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 L
Schedule M
Schedule O
Reasonable Cause Explanation

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-04-30T10:31:42-07:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-07-01	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	Patricia Gallagher	PersonNm
Person Title	VP Financial Affairs/CFO/Treasurer	PersonTitleTxt
Phone	7812922416	PhoneNum
Signature	2018-05-01	SignatureDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	208.91.55.173	IPv4AddressTxt

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Richard K Miller	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	$84,304,294	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	19	VotingMembersGoverningBodyCnt
Voting Members Independent	18	VotingMembersIndependentCnt
Total Employee	385	TotalEmployeeCnt
Total Volunteers	78	TotalVolunteersCnt
Total Gross UBI	-$168,936	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$193,891	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,682,361	PYContributionsGrantsAmt
CY Contributions Grants	$2,670,027	CYContributionsGrantsAmt
PY Program Service Revenue	$21,038,020	PYProgramServiceRevenueAmt
CY Program Service Revenue	$22,199,175	CYProgramServiceRevenueAmt
PY Investment Income	$6,664,192	PYInvestmentIncomeAmt
CY Investment Income	$8,507,018	CYInvestmentIncomeAmt
PY Other Revenue	$1,432,115	PYOtherRevenueAmt
CY Other Revenue	$1,257,532	CYOtherRevenueAmt
PY Total Revenue	$31,816,688	PYTotalRevenueAmt
CY Total Revenue	$34,633,752	CYTotalRevenueAmt
PY Grants And Similar Paid	$10,022,726	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$10,536,525	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$15,879,839	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$17,762,311	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$46,361	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$1,753,992	CYTotalFundraisingExpenseAmt
PY Other Expenses	$23,611,543	PYOtherExpensesAmt
CY Other Expenses	$23,989,314	CYOtherExpensesAmt
PY Total Expenses	$49,514,108	PYTotalExpensesAmt
CY Total Expenses	$52,334,511	CYTotalExpensesAmt
PY Revenues Less Expenses	-$17,697,420	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$17,700,759	CYRevenuesLessExpensesAmt
Total Assets BOY	$454,270,889	TotalAssetsBOYAmt
Total Assets EOY	$473,057,452	TotalAssetsEOYAmt
Total Liabilities BOY	$182,727,665	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$178,403,888	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$271,543,224	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$294,653,564	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	$40,355,254	ExpenseAmt
Grant	$10,536,525	GrantAmt
Revenue	$21,620,624	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 350 students from around the world and have attracted over 1,300 applicants for the fall 2016 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 Association of Schools and Colleges (NEASC) 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	$658,556	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$1,462,305	RevenueAmt
Desc	Olin College's Collaboratory 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 Collaboratory 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 FY17, the Collaboratory hosted 102 programs (mainly visits and workshops) that involved representatives from 141 other institutions from around the US and the globe. Olin is playing a significant role in the movement to transform educational practice across the globe, including significant changes to curriculum at twelve institutions.	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	$41,013,810	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
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
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	Yes (1)	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 With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
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	392	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	385	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
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	19	GoverningBodyVotingMembersCnt
Independent Voting Member	18	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	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	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	Patricia Gallagher	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 (36 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Kenneth R Stokes
Chairman	4	Yes (X)	Yes (X)	$0	$0	$0
Sherwin Greenblatt
Vice Chairman	2	Yes (X)	Yes (X)	$0	$0	$0
Deborah Allinson
Trustee	2	Yes (X)		$0	$0	$0
George R Berbeco
Trustee (until October 2016)	2	Yes (X)		$0	$0	$0
Thomas Cecil
Trustee/Clerk	2	Yes (X)	Yes (X)	$0	$0	$0
Chee Chew
Trustee (as of March 2017)	2	Yes (X)		$0	$0	$0
Sunlin Chou
Trustee	2	Yes (X)		$0	$0	$0
Michael A Coleman
Trustee	2	Yes (X)		$0	$0	$0
Paul C Jennings
Trustee (until October 2016)	2	Yes (X)		$0	$0	$0
R Douglas Kahn
Trustee	2	Yes (X)		$0	$0	$0
Lawrence W Milas
Trustee	2	Yes (X)		$0	$0	$0
George Milne Jr
Trustee	2	Yes (X)		$0	$0	$0
William B Norden
Trustee	2	Yes (X)		$0	$0	$0
James Plummer
Trustee	2	Yes (X)		$0	$0	$0
Douglas G Rauch
Trustee	2	Yes (X)		$0	$0	$0
Richard T Roca
Trustee	2	Yes (X)		$0	$0	$0
Polina A Segalova
Trustee	2	Yes (X)		$0	$0	$0
Howard H Stevenson
Trustee	2	Yes (X)		$0	$0	$0
Tiana Veldwisch
Trustee	2	Yes (X)		$0	$0	$0
Beverly Wyse
Trustee	2	Yes (X)		$0	$0	$0
Richard K Miller
Trustee (Ex-Officio)/President	50	Yes (X)	Yes (X)	$467,207	$0	$93,405
Stephen P Hannabury
Executive Vice President	50		Yes (X)	$300,375	$0	$57,652
Marguerite Burke
Assistant Clerk to the Board of Trustees	50		Yes (X)	$81,360	$0	$9,244
Vincent Manno
Provost & Dean of Faculty	50		Yes (X)	$322,413	$0	$34,728
Catherine Didion
VP Dvlpmnt, Family & Alumni Relations	50		Yes (X)	$151,355	$0	$19,173
Joanne Kossuth
VP Operations & CIO (until September 2016)	50		Yes (X)	$316,293	$0	$25,221
Michelle Davis
Chief Marketing Officer	50		Yes (X)	$200,630	$0	$24,017
Patricia Gallagher
VP for Fin Affairs & CFO & Treasurer	50		Yes (X)	$218,115	$0	$40,978
Rae-Anne Butera
Dean of Student Affairs	50		Yes (X)	$136,845	$0	$69,499
Emily Roper-Doten
Dean of Admission and Financial Aid	50		Yes (X)	$133,951	$0	$40,119
Richard Osterberg
Chief Information Officer (as of January 2017)	50		Yes (X)	$0	$0	$0
Lynn A Stein
Professor and Special Advisor to the Provost	50			$200,896	$0	$12,248	Yes (X)
Mark Somerville
Professor and Special Advisor to the Provost	50			$164,259	$0	$33,930	Yes (X)
Jessica Townsend
Professor and Associate Dean	50			$157,597	$0	$18,428	Yes (X)
David Barrett
Professor	50			$161,985	$0	$14,188	Yes (X)
Sarah S Adams
Professor and Associate Dean	50			$152,562	$0	$13,173	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,165,843	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$506,003	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	50	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	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	12 Floor	New York	NY	10019	Investment Advisors & Mgmt	$2,223,360
Babson College
231 Forest Street		Babson Park	MA	02457	Shared Administration	$662,025
Aramark Facilities Services
PO Box 33170		Newark	NJ	071880170	Facilities Svcs Management	$260,650
Royall and Company
1920 E Parham Road		Richmond	VA	23228	Enrollment Manager	$206,530
Ropes and Gray LLP
800 Boylston Street		Boston	MA	021993600	Legal	$115,788

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$0	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$587,923	GovernmentGrantsAmt
All Other Contributions	$2,082,104	AllOtherContributionsAmt
Noncash Contributions	$67,588	NoncashContributionsAmt
Total Contributions	$2,670,027	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	$20,736,870	$20,736,870	$0	$0
Collaboratory Program Revenue	611310	$1,462,305	$1,462,305	$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	$22,199,175	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,475,803	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$247,763	UnrelatedBusinessRevenueAmt
Exclusion	$4,723,566	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	$694,590	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$320,812	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$373,778	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$373,778	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$78,827	UnrelatedBusinessRevenueAmt
Exclusion	$294,951	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$53,380,945	SecuritiesAmt
Other	$0	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$49,349,730	SecuritiesAmt
Other	$0	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$4,031,215	SecuritiesAmt
Other	$0	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,031,215	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$4,031,215	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)
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	$883,754	TotalRevenueColumnAmt
Related Or Exempt Func Income	$883,754	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	$883,754	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$34,633,752	TotalRevenueColumnAmt
Related Or Exempt Func Income	$23,082,929	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$168,936	UnrelatedBusinessRevenueAmt
Exclusion	$9,049,732	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$18,862	TotalAmt
Program Services	$18,862	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$10,255,841	TotalAmt
Program Services	$10,255,841	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$261,822	TotalAmt
Program Services	$261,822	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	$2,866,984	TotalAmt
Program Services	$1,018,200	ProgramServicesAmt
Management And General	$1,189,621	ManagementAndGeneralAmt
Fundraising	$659,163	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	$11,752,378	TotalAmt
Program Services	$9,010,780	ProgramServicesAmt
Management And General	$2,280,062	ManagementAndGeneralAmt
Fundraising	$461,536	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$731,250	TotalAmt
Program Services	$615,619	ProgramServicesAmt
Management And General	$109,222	ManagementAndGeneralAmt
Fundraising	$6,409	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,478,885	TotalAmt
Program Services	$861,074	ProgramServicesAmt
Management And General	$539,485	ManagementAndGeneralAmt
Fundraising	$78,326	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$932,814	TotalAmt
Program Services	$632,199	ProgramServicesAmt
Management And General	$250,538	ManagementAndGeneralAmt
Fundraising	$50,077	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	$67,544	TotalAmt
Management And General	$67,544	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$89,094	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$89,094	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	$46,361	TotalAmt
Fundraising	$46,361	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,483,347	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$2,483,347	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$3,745,889	TotalAmt
Program Services	$3,457,081	ProgramServicesAmt
Management And General	$227,375	ManagementAndGeneralAmt
Fundraising	$61,433	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$162,000	TotalAmt
Program Services	$8,159	ProgramServicesAmt
Management And General	$96,201	ManagementAndGeneralAmt
Fundraising	$57,640	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,031,852	TotalAmt
Program Services	$665,779	ProgramServicesAmt
Management And General	$337,372	ManagementAndGeneralAmt
Fundraising	$28,701	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$952,840	TotalAmt
Program Services	$357,793	ProgramServicesAmt
Management And General	$572,448	ManagementAndGeneralAmt
Fundraising	$22,599	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	$1,074,149	TotalAmt
Program Services	$991,332	ProgramServicesAmt
Management And General	$65,201	ManagementAndGeneralAmt
Fundraising	$17,616	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$820,697	TotalAmt
Program Services	$588,799	ProgramServicesAmt
Management And General	$164,296	ManagementAndGeneralAmt
Fundraising	$67,602	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	$145,048	TotalAmt
Program Services	$121,102	ProgramServicesAmt
Management And General	$16,338	ManagementAndGeneralAmt
Fundraising	$7,608	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$5,839,984	TotalAmt
Program Services	$5,389,722	ProgramServicesAmt
Management And General	$354,486	ManagementAndGeneralAmt
Fundraising	$95,776	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	$4,959,531	TotalAmt
Program Services	$4,577,151	ProgramServicesAmt
Management And General	$301,044	ManagementAndGeneralAmt
Fundraising	$81,336	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$200,322	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$200,322	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Dining/Facilities Management Fee	$1,466,918	$1,446,822	$15,821	$4,275
Books, Magazines and Subscriptions	$408,517	$387,331	$20,980	$206
Participant Stipends	$141,700	$141,700	$0	$0
Dues and Membership	$141,329	$73,600	$61,431	$6,298

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$258,553	TotalAmt
Program Services	$133,042	ProgramServicesAmt
Management And General	$124,481	ManagementAndGeneralAmt
Fundraising	$1,030	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,334,511	TotalAmt
Program Services	$41,013,810	ProgramServicesAmt
Management And General	$9,566,709	ManagementAndGeneralAmt
Fundraising	$1,753,992	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,603,189	BOYAmt
EOY	$2,425,332	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$4,781,296	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$337,017	BOYAmt
EOY	$319,960	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$961,622	BOYAmt
EOY	$587,167	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	$27,386	BOYAmt
EOY	$24,625	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	$2,145,570	BOYAmt
EOY	$1,750,414	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$155,863,892	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$70,397,413	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$89,866,743	BOYAmt
EOY	$85,466,479	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$131,090,841	BOYAmt
EOY	$134,067,811	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$221,665,198	BOYAmt
EOY	$242,413,231	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	$2,573,323	BOYAmt
EOY	$1,221,137	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$454,270,889	BOYAmt
EOY	$473,057,452	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,134,074	BOYAmt
EOY	$4,282,551	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	$947,345	BOYAmt
EOY	$2,764,778	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$148,496,139	BOYAmt
EOY	$148,357,333	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	$29,150,107	BOYAmt
EOY	$22,999,226	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$182,727,665	BOYAmt
EOY	$178,403,888	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$12,941,991	BOYAmt
EOY	$13,251,212	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$255,179,787	BOYAmt
EOY	$277,754,643	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,421,446	BOYAmt
EOY	$3,647,709	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$271,543,224	BOYAmt
EOY	$294,653,564	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$454,270,889	BOYAmt
EOY	$473,057,452	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$17,700,759	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$36,012,404	NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Investment Expense	$0	InvestmentExpenseAmt
Prior Period Adjustments	$0	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	$4,798,695	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	$6,219	OtherActivitiesAmt
Total Lobbying Expenditures	$6,219	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	$352,459,509	BeginningYearBalanceAmt
Contributions	$299,588	ContributionsAmt
Investment Earnings Or Losses	$42,045,995	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$0	GrantsOrScholarshipsAmt
Other Expenditures	$18,526,081	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$376,279,011	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$379,430,127	BeginningYearBalanceAmt
Contributions	$309,104	ContributionsAmt
Investment Earnings Or Losses	-$6,608,688	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$0	GrantsOrScholarshipsAmt
Other Expenditures	$20,671,034	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$352,459,509	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$380,327,532	BeginningYearBalanceAmt
Contributions	$378,808	ContributionsAmt
Investment Earnings Or Losses	$16,919,178	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$0	GrantsOrScholarshipsAmt
Other Expenditures	$18,195,391	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$379,430,127	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$349,371,166	BeginningYearBalanceAmt
Contributions	$185,599	ContributionsAmt
Investment Earnings Or Losses	$48,705,068	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$0	GrantsOrScholarshipsAmt
Other Expenditures	$17,934,301	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$380,327,532	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$338,212,398	BeginningYearBalanceAmt
Contributions	$164,475	ContributionsAmt
Investment Earnings Or Losses	$30,304,164	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$0	GrantsOrScholarshipsAmt
Other Expenditures	$19,309,871	OtherExpendituresAmt
Administrative Expenses	$0	AdministrativeExpensesAmt
End Year Balance	$349,371,166	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.019	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.0096	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.9714	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	$130,916,519	OtherCostOrOtherBasisAmt
Depreciation	$62,302,416	DepreciationAmt
Book Value	$68,614,103	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	$10,040,318	OtherCostOrOtherBasisAmt
Depreciation	$7,977,796	DepreciationAmt
Book Value	$2,062,522	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$0	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$302,542	OtherCostOrOtherBasisAmt
Depreciation	$117,201	DepreciationAmt
Book Value	$185,341	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$85,466,479	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	$99,128,087	F
Fixed Income	$30,187,901	F
Real Assets Funds	$7,494,042	F
Hedge Funds	$72,791,145	F
Private Equity	$20,330,164	F
Venture Capital Funds	$12,481,892	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$242,413,231	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
Interest rate agreement	$12,999,226
Taxable bonds	$10,000,000

Field	Value	IRS element (for citing)
Total Liability	$22,999,226	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$62,764,653	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$36,012,404	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants	$0	RecoveriesPriorYearGrantsAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$36,012,404	RevenueNotReportedAmt
Revenue Subtotal	$26,752,249	RevenueSubtotalAmt
Investment Expenses Not Incld	$2,483,347	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$5,398,156	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$7,881,503	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$34,633,752	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$39,654,313	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	$39,654,313	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$2,483,347	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$10,196,851	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$12,680,198	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$52,334,511	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: $10,517,663 Rental expenses: -$320,812 Mark to Market Swap : -$4,798,695 Total to Schedule D, Part XI, Line 4b: $5,398,156.
Schedule D, Part XII, Line 4b	Financial Aid: $10,517,663 Rental expenses: -$320,812 Total to Schedule D, Part XII, Line 4b: $10,196,851.

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: $851,368. Total National Science Foundation: $239,233. Total National Aeronautics and Space Administration: $150,719. Total Department of Defense: $18,811. Total Department of Interior: $6,878 Total Department of Commerce: $26,530. Total USAID Foreign Assistance for Programs Overseas: $101,961. Total $1,395,500

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (14 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Europe (including Iceland and Greenland)	Grantmaking	Grants awarded to recipients	$193,164
Central America and the Caribbean	Grantmaking	Grants awarded to recipient	$11,700
East Asia and the Pacific	Grantmaking	Grants awarded to recipients	$35,100
South Asia	Grantmaking	Grants awarded to recipient	$21,858
East Asia and the Pacific	Program Services	Class Projects	$28,324
South America	Program Services	Class project	$11,833
South Asia	Program Services	Class project	$2,657
Sub-Saharan Africa	Program Services	Class Project	$27,040
Europe (including Iceland and Greenland)	Program Services	Conferences	$14,890
Middle East and North Africa	Program Services	Conferences	$2,500
North America (including Canada and Mexico, but not the United States)	Program Services	Conferences	$6,965
South America	Program Services	Conferences	$17,709
South Asia	Program Services	Class project	$11,650
Central America and the Caribbean	Investments		$200,168,400

Field	Value	IRS element (for citing)
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Total Spent	$200,553,790	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
Scholarship	Europe (including Iceland and Greenland)	15	$0	$193,164	Credit to Student Account	Fair Market Value
Scholarship	Central America and the Caribbean	1	$0	$11,700	Credit to Student Account	Fair Market Value
Scholarship	East Asia and the Pacific	3	$0	$35,100	Credit to Student Account	Fair Market Value
Scholarship	South Asia	1	$0	$21,858	Credit to Student Account	Fair Market Value

Field	Value	IRS element (for citing)
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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule F, Part I, Line 2	All students admitted to Olin are awarded a substantial merit scholarship. Students receive a 50% scholarship. All scholarships are applied directly to the student's account to reduce tuition charged. Students receive the scholarship even for terms spent studying abroad.
Schedule F, Part I, Line 3	All amounts are calculated based on Generally Accepted Accounting Principles (GAAP).

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	The Garrow Company	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6419 S Garfield Avenue	AddressLine1Txt
City	Willowbrook	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60527	ZIPCd

Field	Value	IRS element (for citing)
Activity	Consulting	ActivityTxt
Fundraiser Control Of Funds	0	FundraiserControlOfFundsInd
Gross Receipts	$0	GrossReceiptsAmt
Retained By Contractor	$46,361	RetainedByContractorAmt
Net To Organization	-$46,361	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$0	TotalGrossReceiptsAmt
Total Retained By Contractors	$46,361	TotalRetainedByContractorsAmt
Total Net To Organization	-$46,361	TotalNetToOrganizationAmt
Licensed States	MA	LicensedStatesCd
Licensed States	MI	LicensedStatesCd

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	The Greater Boston Food Bank Inc	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	70 South Bay Avenue	AddressLine1Txt
City	Boston	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02118	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	042717782	RecipientEIN
IRC Section	501(c)(3)	IRCSectionDesc
Cash Grant	$9,102	CashGrantAmt
Valuation Method Used	Cash Donation	ValuationMethodUsedDesc
Purpose Of Grant	To donate to The Greater Boston Food Bank for their projects and programs	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	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Cash GrantCashGrantAmt
Olin Tuition Scholarship	341	$7,517,281	Fair Market Value	Tuition Discount
Need Based Financial Aid	130	$2,637,759	Fair Market Value	Tuition Discounts	$0
Supplemental Educational Opportunity Grant - Federal Aid Requested	17	$4,821	Fair Market Value	Tuition Discounts	$0
Yellow Ribbon Program Scholarships	1	$980	Fair Market Value	Tuition Discounts	$0
Room Scholarships for Residential Resources	11	$95,000	Fair Market Value	Room Discounts	$0

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.	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 (14 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
Trustee (Ex-Officio)/President	$443,265	$0	$0	$0	$23,942	$0	$29,633	$0	$63,772	$0	$560,612	$0	$0	$0
Stephen P Hannabury
Executive Vice President	$278,779	$0	$0	$0	$21,596	$0	$36,515	$0	$21,137	$0	$358,027	$0	$0
Vincent Manno
Provost & Dean of Faculty	$300,726	$0	$0	$0	$21,687	$0	$34,076	$0	$652	$0	$357,141	$0	$0	$0
Catherine Didion
VP Dvlpmnt, Family & Alumni Relations	$119,285	$0	$0	$0	$32,070	$0	$2,954	$0	$16,219	$0	$170,528	$0	$0
Joanne Kossuth
VP Operations & CIO (until September 2016)	$163,909	$0	$0	$0	$152,384	$0	$12,591	$0	$12,630	$0	$341,514	$0	$0	$0
Michelle Davis
Chief Marketing Officer	$198,186	$0	$0	$0	$2,444	$0	$15,143	$0	$8,874	$0	$224,647	$0	$0
Patricia Gallagher
VP for Fin Affairs & CFO & Treasurer	$216,242	$0	$0	$0	$1,873	$0	$17,077	$0	$23,901	$0	$259,093	$0	$0
Rae-Anne Butera
Dean of Student Affairs	$135,116	$0	$0	$0	$1,729	$0	$10,742	$0	$58,757	$0	$206,344	$0	$0	$0
Emily Roper-Doten
Dean of Admission and Financial Aid	$132,290	$0	$0	$0	$1,661	$0	$10,762	$0	$29,357	$0	$174,070	$0	$0	$0
Lynn A Stein
Professor and Special Advisor to the Provost	$149,057	$0	$0	$0	$51,839	$0	$11,929	$0	$319	$0	$213,144	$0	$0	$0
Mark Somerville
Professor and Special Advisor to the Provost	$126,359	$0	$0	$0	$37,900	$0	$11,066	$0	$22,864	$0	$198,189	$0	$0	$0
Jessica Townsend
Professor and Associate Dean	$106,151	$0	$0	$0	$51,446	$0	$8,852	$0	$9,576	$0	$176,025	$0	$0	$0
David Barrett
Professor	$145,410	$0	$0	$0	$16,575	$0	$10,950	$0	$3,238	$0	$176,173	$0	$0	$0
Sarah S Adams
Professor and Associate Dean	$100,487	$0	$0	$0	$52,075	$0	$9,988	$0	$3,185	$0	$165,735	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 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 President is required to reside in College-provided housing. The College pays 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, based upon an independent opinion of value, is $52,000 for the 2016 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 Affairs is required to reside in College-provided housing. The estimated fair market rental value of the College-provided housing, based upon an independent opinion of value, is $27,500 for the 2016 calendar year. This amount is not included as taxable wages and is disclosed as a part of Nontaxable Benefits. Nine officers are provided with a cell phone allowance which is grossed up.
Schedule J, Part I, Line 3	On an annual basis, the Executive Committee of the Board of Trustees reviews the President's salary. In July 2017, a nationally recognized consultant was engaged to conduct a compensation analysis for the President, Vice President and Dean positions. Their analysis report was submitted to Board Chair in September 2017. Recognizing the uniqueness of Olin College, they used four groups in their analysis: * National Private Independent Colleges and Universities with Significant Engineering Programs of Comparable Complexity to Olin * National Private Independent Colleges and Universities with Bachelor, Master's or Doctorate Programs of Similar Size * Predominantly Northeast Regional Top Liberal Arts Colleges * Private Independent Colleges and Universities in Massachusetts with Bachelor, Master's or Doctorate Programs of Similar Size. For each group, the consultant analyzed base salary, total cash compensation and total compensation for the 25th, 50th, 75th and 90th percentiles and adjusted the market data to a common effective date of July 1, 2017. A set of Composite Estimated Market Values was calculated to supplement the market values of each individual group. The Executive Committee used this data to develop a recommendation for the President's compensation which was reviewed and approved by the full Board of Trustees. The President used this data to develop recommendations for the compensation of the Vice Presidents and Deans which were reviewed and approved by the Executive Committee. All decisions regarding compensation are approved by independent persons and all deliberations and decisions are substantiated contemporaneously.
Schedule J, Part I, Line 4	An officer resigned in 2016 after 17 years of service and received a severance payment of $126,953.

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 Series E
C	043431814	57583uvpo	2013-05-09	$66,553,326	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	Current RefundingCurrentRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$0	$0	$84,000,156	$0	$0	$83,285,106	$672,658	$42,392	$0	$0	$0	$0	2004	Yes (1)	Yes (1)	Yes (1)
B	$0	$0	$38,255,000	$0	$0	$38,000,000	$187,522	$0	$0	$0	$67,478	$0	2013	Yes (1)	Yes (1)	Yes (1)
C	$0	$0	$66,553,326	$0	$0	$65,906,072	$540,230	$0	$0	$0	$107,024		2013	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	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	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)	Yes (1)	Yes (1)	0.0051	0.008	0.0131	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)	Yes (1)	Yes (1)	0.0093	0.0049	0.0142	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)	Yes (1)	Yes (1)	0.00	0.0081	0.0081	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	Variable Rate IssueVariableRateIssueInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	0	0	Yes (1)
C	Yes (1)	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EdHealth LLC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	See Part V	RelationshipDescriptionTxt
Transaction	$1,725,407	TransactionAmt
Transaction	See Part V	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part IV	FormAndLineReferenceDesc
Explanation	Stephen Hannabury, Executive Vice President of Olin College, serves as a Chairman on the Board of Managers of Educators Health LLC (EdHealth LLC) and on the Subscriber Advisory Committee of Educators Health Insurance Exchange of New England (EdHealth Captive). EdHealth LLC and EdHealth Captive provides the employee health insurance program for Olin College. For the year ended June 30, 2017, Olin College paid $1,725,407 to EdHealth.	ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	7	ContributionCnt
Noncash Contributions Rpt F990	$41,348	NoncashContributionsRptF990Amt
Method Of Determining Revenues	See Part II	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	2 Autodesk Ember 3D Printer Bundles	1	$14,990	fair market value
Yes (X)	Echoboat ASV	1	$11,250	fair market value

Field	Value	IRS element (for citing)
Form8283 Received	1	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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule M, Part I	Lines 9, 25, and 26, column (b) - The College reported the number of contributions.
Schedule M, Part I, Line 9	Publicly traded securities are valued at the average of the high and low value on date received.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Section A, Line 6	See responses to questions 7a and 7b.
Form 990, Part VI, Section A, Line 7a	In recognition of the establishment of the College by the F W Olin Foundation Inc. and its Directors, and also to fulfill certain requirements of the Endowment Grant Agreement with the Foundation, the College has a special class of members ("Founding members") who have special rights and responsibilities regarding their election to the Board, the election of the Chairman of the Board, and the approval of certain changes in the bylaws and other matters. There are currently two remaining Founding members. The Founding members shall remain as such until their death or resignation.
Form 990, Part VI, Section A, Line 7b	The Founding members, acting by a majority of their number then in office, also have the following powers: (1) to approve, in advance, any proposed amendment to the bylaws that would in any way alter or affect article II and article III, or the rights and privileges of the Founding members, Founding Trustees and alternate Founding Trustees, as otherwise provided in the bylaws; (2) to approve, in advance, any proposed amendment to the College's articles of organization, (3) to approve, in advance, any proposed merger or consolidation of the College, (4) to approve, in advance, any proposed sale of all or substantially all of the assets of the College (except endowment and other investment assets at fair market value), (5) until May 15, 2017, or until the earlier death of the survivor of the two remaining Founding members, whichever first occurs, to elect the Chair of the Board in accordance with the Endowment Grant Agreement, and (6) by unanimous vote, must approve any changes to the Founding Precepts.
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	On an annual basis, the Executive Committee of the Board of Trustees reviews the President's salary. In July 2017, a nationally recognized consultant was engaged to conduct a compensation analysis for the President, Vice President and Dean positions. Their analysis report was submitted to Board Chair in September 2017. Recognizing the uniqueness of Olin College, they used four groups in their analysis: * National Private Independent Colleges and Universities with Significant Engineering Programs of Comparable Complexity to Olin * National Private Independent Colleges and Universities with Bachelor, Master's or Doctorate Programs of Similar Size * Predominantly Northeast Regional Top Liberal Arts Colleges * Private Independent Colleges and Universities in Massachusetts with Bachelor, Master's or Doctorate Programs of Similar Size. For each group, the consultant analyzed base salary, total cash compensation and total compensation for the 25th, 50th, 75th and 90th percentiles and adjusted the market data to a common effective date of July 1, 2017. A set of Composite Estimated Market Values was calculated to supplement the market values of each individual group. The Executive Committee used this data to develop a recommendation for the President's compensation which was reviewed and approved by the full Board of Trustees. The President used this data to develop recommendations for the compensation of the Vice Presidents and Deans which were reviewed and approved by the Executive Committee. 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 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: $4,798,695.

Reasonable Cause Explanation ReasonableCauseExplanation

Field	Value	IRS element (for citing)
Explanation	Extension was filed.	ExplanationTxt