Merrimack College
Merrimack College reported $322.2 million in revenue and $307.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.94 went to program services, $8.11 to management and general costs and $0.95 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.7% of the total. The highest compensation it reported for one person was $1,231,390 (PRESIDENT). 203 people received more than $100,000 in reportable compensation. Revenue rose 38% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $307MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $322MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.19 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,231,390 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.40% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 203 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEducational instruction: Merrimack College offers undergraduate and graduate degrees in the liberal arts, business, science and engineering, nursing and health sciences, and education programs. The college community includes over 4,120 undergraduate students and over 2,140 graduate students
Auxiliary services: a primarily residental college, merrimack houses students in a variety of living arrangements, from residence halls for first-year students to apartments for seniors. Residential life provides a living/learning environment, promoting personal growth and encouraging students to develop their whole selves. Merrimack dining service seeks to provide the finest quality meals and services to the entire merrimack community: students, faculty, staff and guests. The college also has athletic facilities, including softball, football, basketball, ice rinks, boat house, and track and…
Student services: Merrimack College provides various services to the student body, including counseling, career guidance, financial aid, registrar, student activities, campus ministry, health services and athletic programs
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $1,080,265 | $0 | $151,125 | $1,231,390 |
| EVP/CFO & CHANCELLOR OF LEARNING Officer, 40.00 hrs/week | $390,651 | $0 | $42,029 | $432,680 |
| SVP, ACADEMIC AFFAIRS & PROVOST Key employee, 40.00 hrs/week | $333,047 | $0 | $66,481 | $399,528 |
| VP ATHLETIC & DEPUTY CHIEF OF STAFF Highest compensated employee, 40.00 hrs/week | $342,984 | $0 | $55,965 | $398,949 |
| SVP STUDENT AFFAIR & SUCCESS, COO Highest compensated employee, 40.00 hrs/week | $318,850 | $0 | $59,864 | $378,714 |
| HOCKEY HEAD COACH Highest compensated employee, 40.00 hrs/week | $299,230 | $0 | $62,684 | $361,914 |
| BASKETBALL HEAD COACH Highest compensated employee, 40.00 hrs/week | $331,140 | $0 | $17,531 | $348,671 |
| VP, GENERAL COUNSEL,& ASST SECRETARY Officer, 40.00 hrs/week | $280,244 | $0 | $58,903 | $339,147 |
203 people received more than $100,000 in reportable compensation from Merrimack College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,201
- Volunteers Part I, line 6100
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NOODLE PARTNERS PBC Professional services | $3,992,222 |
| PROCON INC Construction services | $3,052,588 |
| CHANNEL BUILDING CO INC Construction services | $1,730,279 |
| COACH COMPANY Transportation services | $1,171,171 |
| PIMENTEL CONSTRUCTION CO Construction services | $1,128,675 |
Individuals listed as contractors are left out. 45 contractors were paid more than $100,000 in all.
Private foundation grants it received
43 private foundations reported grants to Merrimack College totaling $296K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Merrimack College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Merrimack College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Merrimack College spent in FY2025, $90.94 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of New BrunswickCanada, · revenue $322M · programs 80.4% · FY2025
- University of New EnglandBiddeford, ME · revenue $323M · programs 89.6% · FY2025
- Morehouse School of MedicineAtlanta, GA · revenue $318M · programs 67.3% · FY2025
- Abilene Christian UniversityAbilene, TX · revenue $325M · programs 69.8% · FY2025
- Aspire Public SchoolsOakland, CA · revenue $315M · programs 92.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Merrimack College's spending goes to programs?
In the fiscal year ending June 30, 2025, Merrimack College reported that 90.9% of its $307.1 million in expenses went to program services, 8.1% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does Merrimack College pay its top executive?
The largest total compensation Merrimack College reported for one person in the fiscal year ending June 30, 2025 was $1,231,390, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Merrimack College get its money?
Of $322.2 million in revenue in the fiscal year ending June 30, 2025, 4.7% came from contributions and grants (including 2.8% from government grants) and 90.7% from program service revenue (Form 990, Part VIII).
Is Merrimack College a registered charity?
The IRS lists EIN 04-2103731 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631179349301008 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349300147 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441249349301644 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349310045 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241159349301319 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302956 · read the filing
All filings for EIN 04-2103731: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.