FRANKLIN W OLIN COLLEGE OF ENGINEERING INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FRANKLIN W OLIN COLLEGE OF ENGINEERING INC (EIN 06-1519057)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-05
- IRS object ID
- 202601259349303170
- Schema version
- 2024v5.5
- 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 I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-05T15:50:11-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 STATE STREET 17TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | 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 | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| 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 | R MAY LEE | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7812922300 | PhoneNum |
| Signature | 2026-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG KLEIN | PreparerPersonNm |
| PTIN | P00734640 | PTIN |
| Phone | 6178075000 | PhoneNum |
| Preparation | 2026-05-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | R MAY LEE | 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 | $61,318,319 | 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 | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 456 | TotalEmployeeCnt |
| Total Volunteers | 157 | TotalVolunteersCnt |
| Total Gross UBI | $372,634 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $178,446 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,834,018 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,666,248 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,573,606 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,959,200 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,990,551 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,669,229 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,564,072 | PYOtherRevenueAmt |
| CY Other Revenue | $1,548,302 | CYOtherRevenueAmt |
| PY Total Revenue | $38,962,247 | PYTotalRevenueAmt |
| CY Total Revenue | $40,842,979 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,045,145 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $17,064,393 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,157,206 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,930,947 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,276,685 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,437,554 | PYOtherExpensesAmt |
| CY Other Expenses | $27,185,852 | CYOtherExpensesAmt |
| PY Total Expenses | $62,639,905 | PYTotalExpensesAmt |
| CY Total Expenses | $66,181,192 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$23,677,658 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$25,338,213 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $500,657,439 | TotalAssetsBOYAmt |
| Total Assets EOY | $511,011,583 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $162,885,431 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $162,886,376 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $337,772,008 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $348,125,207 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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 | $51,617,234 | ExpenseAmt |
| Grant | $17,064,393 | GrantAmt |
| Revenue | $32,261,865 | RevenueAmt |
| Desc | FOUNDED IN 1997, FRANKLIN W. OLIN COLLEGE OF ENGINEERING, INC. (OLIN OR THE COLLEGE) IS AN UNDERGRADUATE ENGINEERING INSTITUTION WITH A MISSION TO TRANSFORM ENGINEERING EDUCATION TOWARD A WORLD IN WHICH ENGINEERING SERVES EVERYONE. THE COLLEGE HAS APPROXIMATELY 387 STUDENTS FROM AROUND THE WORLD AND HAS ATTRACTED 1,154 APPLICANTS FOR THE FALL 2025 ENTERING CLASS. OLIN'S INNOVATIVE APPROACH TO ENGINEERING EDUCATION STRESSES PROJECT-BASED, INTERDISCIPLINARY LEARNING AND FOCUSES ON HELPING ENGINEERS UNDERSTAND THE REAL-WORLD IMPACT OF THEIR WORK, AS WELL AS DEVELOP SKILLS TO TACKLE THE WORLD'S MOST IMPORTANT PROBLEMS, AND BE PASSIONATE ABOUT SERVING PEOPLE, SOCIETY, AND THE PLANET. 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 | $298,262 | ExpenseAmt |
| Revenue | $837,222 | RevenueAmt |
| Desc | OLIN IS COMMITTED TO ADVANCING A VISION OF ENGINEERING FOR EVERYONE THROUGH IMPACT-CENTERED EDUCATION, WHICH FOCUSES NOT ONLY ON PREPARING STUDENTS TO HAVE IMPACT BUT ALSO ON ENGAGING STUDENTS IN CREATING AUTHENTIC IMPACT AND IN MAKING THE WORLD A BETTER PLACE. AS PART OF THIS STRATEGY, OLIN ENGAGES IN COLLABORATIVE ACTIVITIES WITH INDUSTRY PARTNERS, COMMUNITY ORGANIZATIONS, AND ACADEMIC INSTITUTIONS AROUND THE WORLD (INCLUDING NEIGHBORING BABSON AND WELLESLEY COLLEGES). OLIN'S EXTERNALLY FACING PROGRAMS INCLUDE FACULTY DEVELOPMENT WORKSHOPS, EDUCATIONAL CONSULTING SERVICES, AND LIFELONG LEARNING EXPERIENCES FOR ALUMNI AND ENGINEERING PROFESSIONALS. THROUGH THESE PROGRAMS AND PARTNERSHIPS, OLIN FULFILLS ITS ASPIRATION TO BE AN IMPORTANT AND CONSTANT CONTRIBUTOR TO THE ADVANCEMENT OF ENGINEERING EDUCATION AND TO DO GOOD FOR HUMANKIND. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $51,915,496 | 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 | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | 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 | 0 | 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 | 551 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 456 | 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 | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | 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 | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | 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 | JENNIFER EDMONDS | PersonNm |
| Phone | 7812922417 | 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 (30 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 | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| GILDA BARABINO | ||||||||
| PRESIDENT/TRUSTEE (EX-OFFICIO) | 50.00 | Yes (X) | Yes (X) | $736,571 | $0 | $56,391 | ||
| JEANNIE DIEFENDERFER | ||||||||
| CHAIR | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGE MILNE JR | ||||||||
| VICE CHAIR (UNTIL OCT 2024) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRUCE HERRING | ||||||||
| VICE CHAIR (SINCE OCT 2024) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RICHARD T ROCA | ||||||||
| CLERK (UNTIL OCT 2024) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHRIS WALLACE | ||||||||
| CLERK (SINCE OCT 2024) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MAIA BITTNER | ||||||||
| TRUSTEE (UNTIL OCT 2024) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| AL BUNSHAFT | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CHEE CHEW | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LEE EDWARDS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT HARRIS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LUKE MORRIS | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM B NORDEN | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GILL PRATT | ||||||||
| TRUSTEE (SINCE APR 2025) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL SUTTON | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| NATE SMITH | ||||||||
| TRUSTEE (SINCE JULY 2024) | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| ALYSON GOODROW | ||||||||
| CHIEF MARKETING & COMM. OFFICER | 50.00 | Yes (X) | $178,571 | $0 | $13,946 | |||
| DONNA GOLEMME | ||||||||
| VP FOR FINANCE & ADMINISTRATION | 50.00 | Yes (X) | $329,721 | $0 | $54,468 | |||
| NICHOLAS MACKE | ||||||||
| CHIEF HR OFFICER | 50.00 | Yes (X) | $194,003 | $0 | $29,903 | |||
| ALBERT SACCO JR | ||||||||
| CHIEF ACADMEIC OFFICER & PROVOST | 50.00 | Yes (X) | $452,880 | $0 | $27,036 | |||
| LAUREN TAAFFE | ||||||||
| VICE PRESIDENT & CHIEF OF STAFF | 50.00 | Yes (X) | $225,356 | $0 | $17,471 | |||
| CHRISTOPHER LEE | ||||||||
| ASSOCIATE DEAN | 50.00 | $189,021 | $0 | $54,608 | Yes (X) | |||
| RICHARD OSTERBERG | ||||||||
| CHIEF INFORMATION OFFICER | 50.00 | $198,149 | $0 | $30,718 | Yes (X) | |||
| JENNIFER EDMONDS | ||||||||
| ASSOCIATE VP FOR FINANCE/CONTROLLER | 50.00 | $186,852 | $0 | $57,552 | Yes (X) | |||
| ROBERT MARTELLO | ||||||||
| PROFESSOR | 50.00 | $179,598 | $0 | $48,837 | Yes (X) | |||
| CHARLES JASON WOODARD | ||||||||
| PROFESSOR | 50.00 | $171,987 | $0 | $50,959 | Yes (X) | |||
| ALISHA SARANG-SIEMINSKI | ||||||||
| FORMER DEAN OF THE COLLEGE | 50.00 | $218,233 | $0 | $19,052 | Yes (X) | |||
| JESSICA TOWNSEND | ||||||||
| FORMER INTERIM ACAD VP FOR EXT ENG | 50.00 | $203,914 | $0 | $43,528 | Yes (X) | |||
| JEREMY GOODMAN | ||||||||
| FMR. VP ADMIN SERVICES & INNOVATION | 50.00 | $171,077 | $0 | $18,048 | Yes (X) | |||
| MARK SOMERVILLE | ||||||||
| FORMER PROVOST | 50.00 | $122,045 | $0 | $35,888 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,757,978 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $558,405 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 63 | 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 | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SUMMIT ROCK | |||||
| 9 WEST 57TH STREET 12TH FLOOR | NEW YORK | NY | 10019 | INVESTMENT ADVISORS & MANAGEMENT FEES | $2,800,193 |
| ARAMARK FACILITIES SERVICES | |||||
| PO BOX 33170 | NEWARK | NJ | 07188 | FACILITY SERVICES MANAGEMENT | $2,547,430 |
| REBECCA'S COMMISSARY INC | |||||
| 99 SOUTH BEDFORD STREET SUITE 7 | BEDFORD | MA | 01803 | DINING SERVICES | $2,022,479 |
| BABSON COLLEGE | |||||
| 231 FOREST STREET | BABSON PARK | MA | 02457 | SHARED ADMINISTRATION | $659,601 |
| ZVI CONSTRUCTION LLC | |||||
| 6909 SW 18TH STREET STE A103 | BOCA RATON | FL | 33433 | BUILDING CONTRACTORS | $392,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $492,009 | GovernmentGrantsAmt |
| All Other Contributions | $2,174,239 | AllOtherContributionsAmt |
| Noncash Contributions | $19,791 | NoncashContributionsAmt |
| Total Contributions | $2,666,248 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611310 | $31,121,978 | $31,121,978 |
| EXTERNAL ENGAGEMENT REVENUE | 611310 | $837,222 | $837,222 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,959,200 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,345,719 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $106,063 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,239,656 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $569,327 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $160,912 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $408,415 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $408,415 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $214,730 | UnrelatedBusinessRevenueAmt |
| Exclusion | $193,685 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,637,938 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,314,428 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,323,510 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,323,510 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $51,841 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,271,669 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,139,887 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,139,887 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,139,887 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,842,979 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $33,099,087 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $372,634 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,705,010 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,345 | TotalAmt |
| Program Services | $11,345 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,477,013 | TotalAmt |
| Program Services | $16,477,013 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $576,035 | TotalAmt |
| Program Services | $576,035 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,303,142 | TotalAmt |
| Program Services | $478,903 | ProgramServicesAmt |
| Management And General | $1,605,930 | ManagementAndGeneralAmt |
| Fundraising | $218,309 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,076,504 | TotalAmt |
| Program Services | $11,034,823 | ProgramServicesAmt |
| Management And General | $3,483,576 | ManagementAndGeneralAmt |
| Fundraising | $558,105 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $939,787 | TotalAmt |
| Program Services | $687,851 | ProgramServicesAmt |
| Management And General | $217,147 | ManagementAndGeneralAmt |
| Fundraising | $34,789 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,449,638 | TotalAmt |
| Program Services | $1,792,944 | ProgramServicesAmt |
| Management And General | $566,013 | ManagementAndGeneralAmt |
| Fundraising | $90,681 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,161,876 | TotalAmt |
| Program Services | $850,402 | ProgramServicesAmt |
| Management And General | $268,463 | ManagementAndGeneralAmt |
| Fundraising | $43,011 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,431 | TotalAmt |
| Program Services | $1,626 | ProgramServicesAmt |
| Management And General | $268,805 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,461 | TotalAmt |
| Management And General | $146,461 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,178,027 | TotalAmt |
| Management And General | $2,178,027 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,709,665 | TotalAmt |
| Program Services | $4,044,042 | ProgramServicesAmt |
| Management And General | $1,542,180 | ManagementAndGeneralAmt |
| Fundraising | $123,443 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,111 | TotalAmt |
| Program Services | $14,373 | ProgramServicesAmt |
| Management And General | $108,738 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,090 | TotalAmt |
| Program Services | $847,103 | ProgramServicesAmt |
| Management And General | $445,524 | ManagementAndGeneralAmt |
| Fundraising | $84,463 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,412,376 | TotalAmt |
| Program Services | $624,998 | ProgramServicesAmt |
| Management And General | $726,159 | ManagementAndGeneralAmt |
| Fundraising | $61,219 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,576,227 | TotalAmt |
| Program Services | $7,138,231 | ProgramServicesAmt |
| Management And General | $429,814 | ManagementAndGeneralAmt |
| Fundraising | $8,182 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,565 | TotalAmt |
| Program Services | $368,143 | ProgramServicesAmt |
| Management And General | $98,161 | ManagementAndGeneralAmt |
| Fundraising | $21,261 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,790 | TotalAmt |
| Program Services | $105,762 | ProgramServicesAmt |
| Management And General | $47,727 | ManagementAndGeneralAmt |
| Fundraising | $4,301 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,056,548 | TotalAmt |
| Program Services | $3,902,513 | ProgramServicesAmt |
| Management And General | $149,567 | ManagementAndGeneralAmt |
| Fundraising | $4,468 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,664 | TotalAmt |
| Program Services | $9,503 | ProgramServicesAmt |
| Management And General | $320,161 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DINING & FACILITY MGMT | $1,756,476 | $1,756,476 | ||
| MAINTENANCE & REPAIRS | $596,424 | $515,526 | $80,371 | $527 |
| BOOKS & MAGAZINES | $207,979 | $195,871 | $4,456 | $7,652 |
| STUDENT STIPENDS | $182,087 | $182,087 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $617,931 | TotalAmt |
| Program Services | $299,926 | ProgramServicesAmt |
| Management And General | $301,731 | ManagementAndGeneralAmt |
| Fundraising | $16,274 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,181,192 | TotalAmt |
| Program Services | $51,915,496 | ProgramServicesAmt |
| Management And General | $12,989,011 | ManagementAndGeneralAmt |
| Fundraising | $1,276,685 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,736,084 | BOYAmt |
| EOY | $2,422,722 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,348,569 | BOYAmt |
| EOY | $759,082 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,293 | BOYAmt |
| EOY | $121,255 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $969,690 | BOYAmt |
| EOY | $1,095,792 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,340 | BOYAmt |
| EOY | $15,607 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,739,985 | BOYAmt |
| EOY | $2,851,689 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $168,325,127 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $104,225,477 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,059,612 | BOYAmt |
| EOY | $64,099,650 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,464,869 | BOYAmt |
| EOY | $85,736,536 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $347,471,385 | BOYAmt |
| EOY | $352,281,538 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,692,612 | BOYAmt |
| EOY | $1,627,712 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,657,439 | BOYAmt |
| EOY | $511,011,583 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,852,706 | BOYAmt |
| EOY | $6,484,081 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $978,453 | BOYAmt |
| EOY | $561,265 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,952,667 | BOYAmt |
| EOY | $145,198,917 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,101,605 | BOYAmt |
| EOY | $10,642,113 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,885,431 | BOYAmt |
| EOY | $162,886,376 | 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 | $38,309,367 | BOYAmt |
| EOY | $34,866,156 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,462,641 | BOYAmt |
| EOY | $313,259,051 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,772,008 | BOYAmt |
| EOY | $348,125,207 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,657,439 | BOYAmt |
| EOY | $511,011,583 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$25,338,213 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $35,699,042 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$1,746 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$5,884 | 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 | $6,625 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $6,625 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 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. $6,625 DUES WERE PAID IN FY25, THE COLLEGE CONTINUES TO BE A MEMBER OF THE ASSOCIATION. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $425,936,254 | BeginningYearBalanceAmt |
| Contributions | $122,778 | ContributionsAmt |
| Investment Earnings Or Losses | $40,762,766 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,046,252 | GrantsOrScholarshipsAmt |
| Other Expenditures | $11,757,472 | OtherExpendituresAmt |
| End Year Balance | $438,018,074 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $409,755,639 | BeginningYearBalanceAmt |
| Contributions | $205,011 | ContributionsAmt |
| Investment Earnings Or Losses | $39,483,729 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,018,410 | GrantsOrScholarshipsAmt |
| Other Expenditures | $8,489,715 | OtherExpendituresAmt |
| End Year Balance | $425,936,254 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $419,072,981 | BeginningYearBalanceAmt |
| Contributions | $350,394 | ContributionsAmt |
| Investment Earnings Or Losses | $16,875,683 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,701,356 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,842,063 | OtherExpendituresAmt |
| End Year Balance | $409,755,639 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $455,637,223 | BeginningYearBalanceAmt |
| Contributions | $368,173 | ContributionsAmt |
| Investment Earnings Or Losses | -$16,481,353 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $13,704,354 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,746,708 | OtherExpendituresAmt |
| End Year Balance | $419,072,981 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| 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 |
| End Year Balance | $455,637,223 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.01641 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.02304 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.96055 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,604,513 | OtherCostOrOtherBasisAmt |
| Book Value | $14,604,513 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $136,219,132 | OtherCostOrOtherBasisAmt |
| Depreciation | $92,041,844 | DepreciationAmt |
| Book Value | $44,177,288 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,536,402 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,070,409 | DepreciationAmt |
| Book Value | $2,465,993 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,965,080 | OtherCostOrOtherBasisAmt |
| Depreciation | $113,224 | DepreciationAmt |
| Book Value | $2,851,856 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,099,650 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EQUITY FUNDS | $83,097,767 | F |
| FIXED INCOME FUNDS | $55,545,249 | F |
| REAL ASSET FUNDS | $845,054 | F |
| HEDGE FUNDS | $88,291,932 | F |
| PRIVATE EQUITY FUNDS | $109,064,155 | F |
| VENTURE CAPITAL FUNDS | $15,437,381 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $352,281,538 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST RATE AGREEMENT | $642,113 |
| TAXABLE BONDS | $10,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,642,113 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $57,472,770 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $35,699,042 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$372,958 | OtherRevenueAmt |
| Revenue Not Reported | $35,326,084 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,146,686 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,178,027 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $16,518,266 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $18,696,293 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $40,842,979 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $47,117,825 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $47,117,825 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,178,027 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $16,885,340 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,063,367 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $66,181,192 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON MODIFICATION OF DEBT -372,958. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 17,046,252. RENTAL EXPENSES -160,912. CHANGE IN FMV INTEREST RATE AGREEMENT -367,074. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 17,046,252. RENTAL EXPENSES -160,912. |
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 | THIS QUESTION IS MARKED "NO" BECAUSE THE POLICY STATEMENT IS NOT LOCATED ON THE COLLEGE'S HOMEPAGE. HOWEVER, 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 AT HTTPS://WWW.OLIN.EDU/ADMISSION. 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: DEPARTMENT OF EDUCATION: $1,169,232 NATIONAL SCIENCE FOUNDATION: $379,807 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION: $34,579 NATIONAL INSTITUTES OF HEALTH: $30,129 DEPARTMENT OF ENERGY: $25,678 NATIONAL ENDOWMENT FOR THE HUMANITIES: $19,326 U.S. BUREAU OF RECLAMATION: $2,489 TOTAL: $1,661,240 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $193,008,955 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | $178,404 | SCHOLARSHIPS |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTMAKING | $303,418 | SCHOLARSHIPS |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | $87,418 | SCHOLARSHIPS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $5,785 | CONFERENCES & TRAVEL |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $10,635 | CONFERENCES & TRAVEL |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $3,940 | CONFERENCES & TRAVEL |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTMAKING | $6,796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $193,605,351 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $193,605,351 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | MIDDLE EAST AND NORTH AFRICA | RegionTxt |
| Purpose Of Grant | MEMORIAL DONATION | PurposeOfGrantTxt |
| Cash Grant | $6,795 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| SCHOLARSHIPS | EAST ASIA AND THE PACIFIC | 8 | $178,404 | CREDIT TO STUDENT ACCOUNT | FMV |
| SCHOLARSHIPS | EUROPE (INCLUDING ICELAND & GREENLAND) | 13 | $303,418 | CREDIT TO STUDENT ACCOUNT | FMV |
| SCHOLARSHIPS | SOUTH AMERICA | 5 | $87,418 | CREDIT TO STUDENT ACCOUNT | FMV |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| NEED BASED FINANCIAL AID | 151 | $0 | $5,325,989 | FMV | TUITION DISCOUNTS |
| ROOM SCHOLARSHIP FOR RESIDENTIAL RESOURCES | 10 | $0 | $123,240 | FMV | ROOM DISCOUNTS |
| SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT - FEDERAL AID REQUESTED | 41 | $0 | $8,477 | FMV | TUITION DISCOUNTS |
| OLIN TUITION SCHOLARSHIP | 386 | $0 | $11,019,307 | FMV | TUITION DISCOUNTS |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | 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) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| 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 |
| 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 (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GILDA BARABINO | ||||||||||||||
| PRESIDENT/TRUSTEE (EX-OFFICIO) | $642,491 | $0 | $0 | $0 | $94,080 | $0 | $25,875 | $0 | $30,516 | $0 | $792,962 | $0 | $0 | $0 |
| ALBERT SACCO JR | ||||||||||||||
| CHIEF ACADMEIC OFFICER & PROVOST | $422,464 | $0 | $0 | $0 | $30,416 | $0 | $25,875 | $0 | $1,161 | $0 | $479,916 | $0 | $0 | $0 |
| DONNA GOLEMME | ||||||||||||||
| VP FOR FINANCE & ADMINISTRATION | $325,347 | $0 | $0 | $0 | $4,374 | $0 | $25,279 | $0 | $29,189 | $0 | $384,189 | $0 | $0 | $0 |
| JESSICA TOWNSEND | ||||||||||||||
| FORMER INTERIM ACAD VP FOR EXT ENG | $134,009 | $0 | $0 | $0 | $69,905 | $0 | $11,201 | $0 | $32,327 | $0 | $247,442 | $0 | $0 | $0 |
| JENNIFER EDMONDS | ||||||||||||||
| ASSOCIATE VP FOR FINANCE/CONTROLLER | $186,430 | $0 | $0 | $0 | $422 | $0 | $15,238 | $0 | $42,314 | $0 | $244,404 | $0 | $0 | $0 |
| CHRISTOPHER LEE | ||||||||||||||
| ASSOCIATE DEAN | $147,347 | $0 | $0 | $0 | $41,674 | $0 | $12,708 | $0 | $41,900 | $0 | $243,629 | $0 | $0 | $0 |
| LAUREN TAAFFE | ||||||||||||||
| VICE PRESIDENT & CHIEF OF STAFF | $223,978 | $0 | $0 | $0 | $1,378 | $0 | $16,798 | $0 | $673 | $0 | $242,827 | $0 | $0 | $0 |
| ALISHA SARANG-SIEMINSKI | ||||||||||||||
| FORMER DEAN OF THE COLLEGE | $217,768 | $0 | $0 | $0 | $465 | $0 | $16,378 | $0 | $2,674 | $0 | $237,285 | $0 | $0 | $0 |
| RICHARD OSTERBERG | ||||||||||||||
| CHIEF INFORMATION OFFICER | $179,724 | $0 | $0 | $0 | $18,425 | $0 | $15,331 | $0 | $15,387 | $0 | $228,867 | $0 | $0 | $0 |
| ROBERT MARTELLO | ||||||||||||||
| PROFESSOR | $143,562 | $0 | $0 | $0 | $36,036 | $0 | $11,679 | $0 | $37,158 | $0 | $228,435 | $0 | $0 | $0 |
| NICHOLAS MACKE | ||||||||||||||
| CHIEF HR OFFICER | $176,236 | $0 | $0 | $0 | $17,767 | $0 | $14,997 | $0 | $14,906 | $0 | $223,906 | $0 | $0 | $0 |
| CHARLES JASON WOODARD | ||||||||||||||
| PROFESSOR | $132,889 | $0 | $0 | $0 | $39,098 | $0 | $11,655 | $0 | $39,304 | $0 | $222,946 | $0 | $0 | $0 |
| ALYSON GOODROW | ||||||||||||||
| CHIEF MARKETING & COMM. OFFICER | $177,200 | $0 | $0 | $0 | $1,371 | $0 | $13,376 | $0 | $570 | $0 | $192,517 | $0 | $0 | $0 |
| JEREMY GOODMAN | ||||||||||||||
| FMR. VP ADMIN SERVICES & INNOVATION | $63,938 | $0 | $0 | $0 | $107,139 | $0 | $5,265 | $0 | $12,783 | $0 | $189,125 | $0 | $0 | $0 |
| MARK SOMERVILLE | ||||||||||||||
| FORMER PROVOST | $106,503 | $0 | $0 | $0 | $15,542 | $0 | $8,750 | $0 | $27,138 | $0 | $157,933 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE PRESIDENT RECEIVED A HOUSING ALLOWANCE OF $50,000 FOR THE CALENDAR YEAR 2024 WHILE THE ON-CAMPUS PRESIDENT'S HOME WAS BEING REDESIGNED AND RENOVATED. THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION. |
| PART I, LINE 4A | JEREMY GOODWIN RECEIVED $85,000 OF SEVERANCE IN CALENDAR YEAR 2024. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MDFA SERIES D | ||||||||
| A | 043431814 | 000000000 | 2013-05-09 | $38,255,000 | PARTIAL REFUNDING OF SERIES C2 & C3 | 0 | 0 | 0 |
| MDFA SERIES E | ||||||||
| B | 043431814 | 57583UVPO | 2013-05-09 | $66,553,326 | REFUNDING OF SERIES B | 0 | 0 | 0 |
| MDFA SERIES F | ||||||||
| C | 043431814 | 57584Y6T1 | 2023-08-22 | $50,303,587 | REFUNDING REVENUE BONDS | 0 | 0 | 0 |
| MDFA SERIES G | ||||||||
| D | 043431814 | 000000000 | 2025-04-10 | $47,743,714 | REFUNDING REVENUE BONDS | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt |
|---|---|---|---|---|---|---|---|---|---|
| A | $38,255,000 | $187,552 | $67,478 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $66,553,326 | $540,230 | $107,024 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) | $49,612,568 |
| C | $50,303,587 | $593,945 | $97,074 | 2023 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| D | $47,743,714 | $648,161 | $1,095,553 | 2025 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 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) | 0.00260 | 0.00490 | 0.00750 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00000 | 0.03190 | 0.03190 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00000 | 0.01180 | 0.01180 | 0 | 0 | Yes (1) |
| D | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00250 | 0.01360 | 0.01610 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 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) | 0 | 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) |
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | DATE REBATE COMPUTATION PERFORMED | FormAndLineReferenceDesc |
| Explanation | ISSUER NAME: MDFA SERIES D DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MDFA SERIES E DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: MDFA SERIES F DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 | 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 PREPARED BY OUR TAX ADVISORY FIRM AND REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT. ALL FEEDBACK 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 COLLEGE ENGAGES AN INDEPENDENT EXTERNAL CONSULTING FIRM TO BENCHMARK COMPENSATION DATA FROM COMPARABLE HIGHER EDUCATION INSTITUTIONS FOR THE PRESIDENT OF THE COLLEGE. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED THE MARKET DATA FOR DISCUSSION AND RECOMMENDATION FOR CHANGE IN SALARY. THE PRESIDENT'S COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE, ALL OF WHOM ARE INDEPENDENT. HUMAN RESOURCES CONDUCTS AND DOCUMENTS AN ANNUAL REVIEW OF COMPENSATION FOR STAFF, INCLUDING OFFICERS OF THE COLLEGE. THE COMPENSATION REVIEW PROCESS FOR ALL STAFF POSITIONS, INCLUDING OFFICERS, INCLUDES COMPARING MARKET AND SALARY SURVEY DATA FROM INDEPENDENT PROFESSIONAL SOURCES. NEW OFFICER POSITIONS ARE BENCHMARKED FOR COMPARABLE SALARIES WITH PEER HIGHER EDUCATION INSTITUTIONS. THE PERCENTAGE INCREASE IN SALARY FOR STAFF, INCLUDING OFFICERS, IS APPROVED AS PART OF THE ANNUAL BUDGET PROCESS BY THE FINANCE & FACILITIES COMMITTEE OF THE BOARD OF TRUSTEES AND FULL BOARD OF TRUSTEES. ANY OFFICER PROMOTION, BONUS AND CHANGE IN SALARY BEYOND THE STANDARD STAFF INCREASE IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ALL TRUSTEES ARE INDEPENDENT OF THE COLLEGE. |
| 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 367,074. LOSS ON MODIFICATION OF DEBT -372,958. |