Nichols College
Nichols College reported $64.8 million in revenue and $68.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.66 went to program services, $12.96 to management and general costs and $1.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.5% of the total. The highest compensation it reported for one person was $336,854 (PRESIDENT). 33 people received more than $100,000 in reportable compensation. Revenue fell 4% 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 $68MFor 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 $65M- Contributions & grants (non-government)$4.16 $2.7M
- Government grants$1.07 $691K
- Program service revenue$94.43 $61M
- Investment income$0.34 $221K
Other revenue was negative: −$21,877. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.28 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 94.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $336,854 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.49% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 33 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 29 | 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 expenseNichols College provides education to approximately 2,000 degree-seeking students including 1,072 full time students, leading to associates, bachelors, and masters degrees, primarily in business. Approximately 807 of the 1,072 full time day students are provided with food and housing. The college additionally provides admissions services, financial aid services, athletic opportunities, residence life support, career placement, new student orientations, health services, and registrar services to the student body
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 Officer, 37.50 hrs/week | $304,294 | $0 | $32,560 | $336,854 |
| FACULTY Highest compensated employee, 37.50 hrs/week | $205,291 | $0 | $30,035 | $235,326 |
| PROVOST Officer, 37.50 hrs/week | $196,271 | $0 | $34,147 | $230,418 |
| VP FOR OPERATIONS Officer, 37.50 hrs/week | $199,403 | $0 | $20,644 | $220,047 |
| VP FOR HUMAN RESOURCES Highest compensated employee, 37.50 hrs/week | $178,022 | $0 | $29,067 | $207,089 |
| VP OF ATHLETICS Highest compensated employee, 37.50 hrs/week | $168,142 | $0 | $29,024 | $197,166 |
| ASSOCIATE PROVOST AND ACCR Highest compensated employee, 37.50 hrs/week | $156,511 | $0 | $28,515 | $185,026 |
| FORMER CFO Former, 37.50 hrs/week | $170,529 | $0 | $7,698 | $178,227 |
33 people received more than $100,000 in reportable compensation from Nichols College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $920K (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–1b29 · 29 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5738
- Volunteers Part I, line 6110
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AMERICAN FOOD & VENDING CORP Dining services | $3,178,874 |
| EAGLE CLEANING CORP Maintenance services | $773,501 |
| BARNES & NOBLE BOOKSELLERS Bookstore | $459,073 |
| FOX BUS LINES Transportation | $255,986 |
| R&T PRINTING INC DBA THE PRINT SHOP Printing services | $235,828 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
16 private foundations reported grants to Nichols College totaling $94,057 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 Nichols 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 Nichols College, you can publish a response that is linked from this page.
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Of every $100 Nichols College spent in FY2025, $85.66 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Granite Mountain Charter SchoolLucerne Valley, CA · revenue $65M · programs 93.6% · FY2025
- Westminster UniversitySalt Lake City, UT · revenue $65M · programs 83.3% · FY2025
- North Texas Higher Education AuthorityArlington, TX · revenue $65M · programs 60.9% · FY2025
- American Friends of RctLakewood, NJ · revenue $65M · programs 92.1% · FY2025
- Triad Math and Science Academy CompanyApex, NC · revenue $65M · programs 74.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Nichols College's spending goes to programs?
In the fiscal year ending June 30, 2025, Nichols College reported that 85.7% of its $68.3 million in expenses went to program services, 13.0% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Nichols College pay its top executive?
The largest total compensation Nichols College reported for one person in the fiscal year ending June 30, 2025 was $336,854, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nichols College get its money?
Of $64.8 million in revenue in the fiscal year ending June 30, 2025, 5.2% came from contributions and grants (including 1.1% from government grants) and 94.5% from program service revenue (Form 990, Part VIII).
Is Nichols College a registered charity?
The IRS lists EIN 04-2104778 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 202600729349300710 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540419349301954 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401149349300020 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330319349300518 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200509349300410 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100499349300315 · read the filing
All filings for EIN 04-2104778: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.