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Trustees of Clark University

Also known as Clark University

Worcester, MA · EIN 04-2111203 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Trustees of Clark University reported $235.5 million in revenue and $266.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $92.09 went to program services, $5.38 to management and general costs and $2.53 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 83.8% of the total. The highest compensation it reported for one person was $933,628 (PRESIDENT). 229 people received more than $100,000 in reportable compensation. Revenue rose 17% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $266M

For 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 May 31, 2025 · Form 990, Part VIII · total revenue $236M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
5.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.26$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
11.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
83.8%69.9%
Highest reported compensation
Part VII-A, columns D–F
$933,628$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.35%1.28%
People paid over $100,000
Part VII, line 2
2298
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
26.013.3
Independent voting board members
Part VI 1a–1b
30 of 31100.0%

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 expense
$96M expenses · 39.3% of program spending · revenue $180M

Instruction and academic support: clark's fall 2024 enrollment consisted of 2,266 undergraduates and 1,665 graduate students. Our motto - and mission - is "challenge convention; change our world", and our faculty members work to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work. We also have strong graduate programs, which include masters' level degrees and eight phd programs

$94M expenses · 38.2% of program spending · grants $94M

Financial aid: clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. Approximately 97% of all undergraduate students receive some level of financial assistance, which is distributed on the basis of both merit and financial need

$15M expenses · 6.0% of program spending · grants $2.8M

Research: clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity. Undergraduate and graduate students participate extensively in faculty-directed research. Research is funded by both private and public grants

$40M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$826,486$0$107,142$933,628
PROVOST(THRU 08/2024)/PROFESSOR
Key employee, 40.00 hrs/week
$361,801$0$73,136$434,937
EVP & TREASURER (THRU 04/2025)
Officer, 40.00 hrs/week
$369,581$0$51,707$421,288
VICE PRESIDENT UNIV. ADVANCEMENT
Key employee, 40.00 hrs/week
$325,582$0$67,032$392,614
PROFESSOR
Highest compensated employee, 40.00 hrs/week
$339,589$0$39,787$379,376
VP, GEN COUNSEL & SEC. (THRU 09/24)
Officer, 40.00 hrs/week
$321,192$0$49,690$370,882
ASSOC PROVOST/DEAN OF PROF STUDIES
Highest compensated employee, 40.00 hrs/week
$293,053$0$69,636$362,689
PROFESSOR
Highest compensated employee, 40.00 hrs/week
$280,452$0$55,921$336,373

229 people received more than $100,000 in reportable compensation from Trustees of Clark University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.7M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400MFY2020FY2021FY2022FY2023FY2024FY2025$236M$266M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$236M$266M92.1%$577M$933,628
FY2024 ⓘ$250M$259M94.0%$572M$998,813
FY2023 ⓘ$227M$249M95.8%$527M$1,092,576
FY2022 ⓘ$198M$229M88.3%$551M$959,137
FY2021 ⓘ$181M$199M92.7%$612M$628,163
FY2020 ⓘ$201M$197M93.2%$510M$484,753

Governance 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–1b31 · 30 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 2No
  • 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 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 52,700
  • Volunteers Part I, line 6366

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CONSIGLI CONSTRUCTION CO INC
Construction management
$6,248,245
SODEXO INC AFFILIATES
Food services
$4,253,601
CAPSTONE DEVELOPMENT PARTNERS LLC
Construction management
$4,191,287
ARAMARK SERVICES INC
Food services
$3,080,436
SHAWMUT DESIGN AND CONSTRUCTION
Construction management
$1,771,567

Individuals listed as contractors are left out. 64 contractors were paid more than $100,000 in all.

Private foundation grants it received

51 private foundations reported grants to Trustees of Clark University totaling $3.0M 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 Trustees of Clark University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Trustees of Clark University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Massachusetts

Questions people ask

How much of Trustees of Clark University's spending goes to programs?

In the fiscal year ending May 31, 2025, Trustees of Clark University reported that 92.1% of its $266.5 million in expenses went to program services, 5.4% to management and general and 2.5% to fundraising (Form 990, Part IX).

How much does Trustees of Clark University pay its top executive?

The largest total compensation Trustees of Clark University reported for one person in the fiscal year ending May 31, 2025 was $933,628, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Trustees of Clark University get its money?

Of $235.5 million in revenue in the fiscal year ending May 31, 2025, 11.1% came from contributions and grants (including 4.2% from government grants) and 83.8% from program service revenue (Form 990, Part VIII).

Is Trustees of Clark University a registered charity?

The IRS lists EIN 04-2111203 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 May 31, 2025, object 202610969349300646 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202531009349300123 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202420959349301107 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202320969349300927 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202230619349301228 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202110559349300326 · read the filing

All filings for EIN 04-2111203: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.