Franklin W Olin College of Engineering
Franklin W Olin College of Engineering reported $40.8 million in revenue and $66.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.44 went to program services, $19.63 to management and general costs and $1.93 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.2% of the total. The highest compensation it reported for one person was $792,962 (PRESIDENT/TRUSTEE (EX-OFFICIO)). 63 people received more than $100,000 in reportable compensation. Revenue rose 10% 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 $66MFor 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 $41MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.48 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 78.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $792,962 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 63 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 63.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 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 expenseFounded 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…
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…
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/TRUSTEE (EX-OFFICIO) Director/trustee, officer, 50.00 hrs/week | $736,571 | $0 | $56,391 | $792,962 |
| CHIEF ACADMEIC OFFICER & PROVOST Officer, 50.00 hrs/week | $452,880 | $0 | $27,036 | $479,916 |
| VP FOR FINANCE & ADMINISTRATION Officer, 50.00 hrs/week | $329,721 | $0 | $54,468 | $384,189 |
| FORMER INTERIM ACAD VP FOR EXT ENG Former, 50.00 hrs/week | $203,914 | $0 | $43,528 | $247,442 |
| ASSOCIATE VP FOR FINANCE/CONTROLLER Highest compensated employee, 50.00 hrs/week | $186,852 | $0 | $57,552 | $244,404 |
| ASSOCIATE DEAN Highest compensated employee, 50.00 hrs/week | $189,021 | $0 | $54,608 | $243,629 |
| VICE PRESIDENT & CHIEF OF STAFF Officer, 50.00 hrs/week | $225,356 | $0 | $17,471 | $242,827 |
| FORMER DEAN OF THE COLLEGE Former, 50.00 hrs/week | $218,233 | $0 | $19,052 | $237,285 |
63 people received more than $100,000 in reportable compensation from Franklin W Olin College of Engineering (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (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–1b13 · 12 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5456
- Volunteers Part I, line 6157
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ARAMARK FACILITIES SERVICES Facility services management | $2,547,430 |
| REBECCA'S COMMISSARY INC Dining services | $2,022,479 |
| BABSON COLLEGE Shared administration | $659,601 |
| ZVI CONSTRUCTION LLC Building contractors | $392,500 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Franklin W Olin College of Engineering totaling $184K 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 Franklin W Olin College of Engineering's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Franklin W Olin College of Engineering, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Franklin W Olin College of Engineering spent in FY2025, $78.44 went to programs. The full breakdown, from its IRS Form 990:
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All education charities · Largest charities in Massachusetts
Questions people ask
How much of Franklin W Olin College of Engineering's spending goes to programs?
In the fiscal year ending June 30, 2025, Franklin W Olin College of Engineering reported that 78.4% of its $66.2 million in expenses went to program services, 19.6% to management and general and 1.9% to fundraising (Form 990, Part IX).
How much does Franklin W Olin College of Engineering pay its top executive?
The largest total compensation Franklin W Olin College of Engineering reported for one person in the fiscal year ending June 30, 2025 was $792,962, for the role of PRESIDENT/TRUSTEE (EX-OFFICIO) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Franklin W Olin College of Engineering get its money?
Of $40.8 million in revenue in the fiscal year ending June 30, 2025, 6.5% came from contributions and grants (including 1.2% from government grants) and 78.2% from program service revenue (Form 990, Part VIII).
Is Franklin W Olin College of Engineering a registered charity?
The IRS lists EIN 06-1519057 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 202601259349303170 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511289349304351 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441229349302154 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321149349300997 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211249349301631 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101269349300810 · read the filing
All filings for EIN 06-1519057: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.