Nonprofit · EIN 06-1519057
FRANKLIN W OLIN COLLEGE OF ENGINEERING INC
Tax-exempt · NEEDHAM, MA 02492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $40,842,979 | $66,181,192 | -$25,338,213 | $511,011,583 | $162,886,376 | $348,125,207 |
| June 30, 2024 | 990 | $38,962,247 | $62,639,905 | -$23,677,658 | $500,657,439 | $162,885,431 | $337,772,008 |
| June 30, 2023 | 990 | $32,983,159 | $59,796,651 | -$26,813,492 | $487,410,086 | $167,501,827 | $319,908,259 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,666,248
- of which government grants
- $492,009
- Program service revenue
- $31,959,200
- Investment income
- $4,669,229
- Net rental income
- $408,415
- Net gain from sales of assets
- $1,323,510
- Other revenue
- $1,548,302
Expenses
- Grants and similar amounts paid
- $17,064,393
- Compensation of officers, directors and key employees
- $2,303,142
- Other salaries and wages
- $15,076,504
- Salaries, compensation and benefits (total)
- $21,930,947
- Professional fundraising fees
- $0
- Legal fees
- $270,431
- Accounting fees
- $146,461
- Occupancy
- $7,576,227
- Travel
- $487,565
- Depreciation
- $4,056,548
- Program services (functional)
- $51,915,496
- Management and general (functional)
- $12,989,011
- Fundraising (functional)
- $1,276,685
Balance sheet and other
- Total assets, start of year
- $500,657,439
- Total assets, end of year
- $511,011,583
- Total liabilities, end of year
- $162,886,376
- Net assets, end of year
- $348,125,207
- Land, buildings and equipment
- $64,099,650
- Publicly traded securities
- $85,736,536
- Net assets without donor restrictions
- $34,866,156
- Net assets with donor restrictions
- $313,259,051
- Gross unrelated business income
- $372,634
- Gross receipts
- $61,318,319
- Employees
- 456
- Volunteers
- 157
- Year formed
- 1997
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GILDA BARABINO | PRESIDENT/TRUSTEE (EX-OFFICIO) Trustee or director, Officer | 50 | $736,571 | $56,391 |
| ALBERT SACCO JR | CHIEF ACADMEIC OFFICER & PROVOST Officer | 50 | $452,880 | $27,036 |
| DONNA GOLEMME | VP FOR FINANCE & ADMINISTRATION Officer | 50 | $329,721 | $54,468 |
| JESSICA TOWNSEND | FORMER INTERIM ACAD VP FOR EXT ENG Former | 50 | $203,914 | $43,528 |
| JENNIFER EDMONDS | ASSOCIATE VP FOR FINANCE/CONTROLLER Highest-paid employee | 50 | $186,852 | $57,552 |
| CHRISTOPHER LEE | ASSOCIATE DEAN Highest-paid employee | 50 | $189,021 | $54,608 |
| LAUREN TAAFFE | VICE PRESIDENT & CHIEF OF STAFF Officer | 50 | $225,356 | $17,471 |
| ALISHA SARANG-SIEMINSKI | FORMER DEAN OF THE COLLEGE Former | 50 | $218,233 | $19,052 |
| RICHARD OSTERBERG | CHIEF INFORMATION OFFICER Highest-paid employee | 50 | $198,149 | $30,718 |
| ROBERT MARTELLO | PROFESSOR Highest-paid employee | 50 | $179,598 | $48,837 |
| NICHOLAS MACKE | CHIEF HR OFFICER Officer | 50 | $194,003 | $29,903 |
| CHARLES JASON WOODARD | PROFESSOR Highest-paid employee | 50 | $171,987 | $50,959 |
| ALYSON GOODROW | CHIEF MARKETING & COMM. OFFICER Officer | 50 | $178,571 | $13,946 |
| JEREMY GOODMAN | FMR. VP ADMIN SERVICES & INNOVATION Former | 50 | $171,077 | $18,048 |
| MARK SOMERVILLE | FORMER PROVOST Former | 50 | $122,045 | $35,888 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNIE DIEFENDERFER | CHAIR Trustee or director, Officer | 4 | $0 |
| GEORGE MILNE JR | VICE CHAIR (UNTIL OCT 2024) Trustee or director, Officer | 2 | $0 |
| BRUCE HERRING | VICE CHAIR (SINCE OCT 2024) Trustee or director, Officer | 2 | $0 |
| RICHARD T ROCA | CLERK (UNTIL OCT 2024) Trustee or director, Officer | 2 | $0 |
| CHRIS WALLACE | CLERK (SINCE OCT 2024) Trustee or director, Officer | 2 | $0 |
| MAIA BITTNER | TRUSTEE (UNTIL OCT 2024) Trustee or director | 2 | $0 |
| AL BUNSHAFT | TRUSTEE Trustee or director | 2 | $0 |
| CHEE CHEW | TRUSTEE Trustee or director | 2 | $0 |
| LEE EDWARDS | TRUSTEE Trustee or director | 2 | $0 |
| SCOTT HARRIS | TRUSTEE Trustee or director | 2 | $0 |
| LUKE MORRIS | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM B NORDEN | TRUSTEE Trustee or director | 2 | $0 |
| GILL PRATT | TRUSTEE (SINCE APR 2025) Trustee or director | 2 | $0 |
| MICHAEL SUTTON | TRUSTEE Trustee or director | 2 | $0 |
| NATE SMITH | TRUSTEE (SINCE JULY 2024) Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GILDA BARABINO | PRESIDENT/TRUSTEE (EX-OFFICIO) Trustee or director, Officer | 50 | $788,904 | $54,290 |
| DONNA GOLEMME | VP FOR FINANCE & ADMINISTRATION Officer | 50 | $336,592 | $51,519 |
| MARK SOMERVILLE | PROVOST (UNTIL AUG 2023) Officer | 50 | $279,483 | $54,909 |
| ANNE-MARIE DORNING | VP MARTKING & COMM (UNTIL FEB 2024) Officer | 50 | $215,548 | $50,690 |
| CHRISTOPHER LEE | ASSOCIATE DEAN Highest-paid employee | 50 | $200,223 | $54,980 |
| JEREMY GOODMAN UNTIL APR 2024 | VP ADMIN SERVICES & INNOVATION Officer | 50 | $195,468 | $46,294 |
| LAUREN TAAFFE | VICE PRESIDENT & CHIEF OF STAFF Officer | 50 | $217,743 | $16,884 |
| JENNIFER EDMONDS | ASSOCIATE VP FOR FINANCE/CONTROLLER Highest-paid employee | 50 | $181,532 | $51,485 |
| ALISHA SARANG-SIEMINSKI | FORMER DEAN OF THE COLLEGE Former | 50 | $210,693 | $18,806 |
| CHARLES JASON WOODARD | PROFESSOR Highest-paid employee | 50 | $180,236 | $46,670 |
| ROBERT MARTELLO | PROFESSOR Highest-paid employee | 50 | $182,399 | $44,271 |
| RICHARD OSTERBERG | CHIEF INFORMATION OFFICER Highest-paid employee | 50 | $191,366 | $29,157 |
| NICHOLAS MACKE | CHIEF HR OFFICER Officer | 50 | $180,588 | $27,432 |
| JESSICA TOWNSEND | FORMER INTERIM ACAD VP FOR EXT ENG Former | 50 | $122,342 | $34,541 |
| ALYSON GOODROW | CHIEF MARKETING & COMM. OFFICER Officer | 50 | $141,645 | $11,037 |
| EMILY ROPER-DOTEN | FORMER DEAN ADMISSION & FIN. AID Former | 50 | $105,809 | $26,271 |
| ALBERT SACCO JR | CHIEF ACADMEIC OFFICER & PROVOST Officer | 50 | $66,787 | $5,348 |
| BEVERLY WYSE | CHAIR (UNTIL OCT 2023) Trustee or director, Officer | 4 | $0 | $0 |
| JEANNIE DIEFENDERFER | CHAIR (SINCE OCT 2023) Trustee or director, Officer | 4 | $0 | $0 |
| GEORGE MILNE JR | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD T ROCA | CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MAIA BITTNER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| AL BUNSHAFT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHEE CHEW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LEE EDWARDS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCOTT HARRIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRUCE HERRING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LUKE MORRIS | TRUSTEE (SINCE AUG 2023) Trustee or director | 2 | $0 | $0 |
| VENKY NARAYANAMURTI | TRUSTEE (UNTIL OCT 2023) Trustee or director | 2 | $0 | $0 |
| WILLIAM B NORDEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LYNN PASQUERELLA | TRUSTEE (UNTIL MAY 2024) Trustee or director | 2 | $0 | $0 |
| MICHAEL SUTTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRIS WALLACE | TRUSTEE (SINCE MAY 2024) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gilda Barabino | Trustee(Ex-Officio)/President Trustee or director, Officer | 50 | $768,343 | $53,507 |
| Mark Somerville | Provost Officer | 50 | $301,797 | $65,147 |
| Donna Golemme | VP for Finance & Administration Officer | 50 | $304,683 | $53,886 |
| Anne-Marie Dorning | VP of Marketing and Communication Officer | 50 | $194,213 | $54,806 |
| Alisha Sarang-Sieminski | Dean of the College Former | 50 | $194,641 | $52,900 |
| Jeremy Goodman | Former VP Admin Services & Innovation Former | 50 | $190,245 | $46,533 |
| Emily Roper-Doten | Dean Admission and Financial Aid (until June '23) Former | 50 | $177,052 | $52,591 |
| Caitrin Lynch | Dean of Faculty Highest-paid employee | 50 | $171,897 | $56,476 |
| Lauren Taaffe | Vice President & Chief of Staff Officer | 50 | $211,129 | $16,230 |
| Jennifer Edmonds | Associate Vice President for Finance & Controller Highest-paid employee | 50 | $168,771 | $51,243 |
| Joanne Pratt | Professor Highest-paid employee | 50 | $162,966 | $55,294 |
| Richard Osterberg | Chief Information Officer Highest-paid employee | 50 | $185,829 | $30,188 |
| Charles Jason Woodard | Dean of External Programs and Partnerships Highest-paid employee | 50 | $159,176 | $52,323 |
| Jessica Townsend | Former Interim Acad VP for Ext Eng Former | 50 | $157,006 | $38,850 |
| Beverly Wyse | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Jeannie Diefenderfer | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Gregory Marra | Clerk (until Oct 2022) Trustee or director, Officer | 2 | $0 | $0 |
| Richard T Roca | Clerk (since Oct 2022) Trustee or director, Officer | 2 | $0 | $0 |
| Maia Bittner | Trustee Trustee or director | 2 | $0 | $0 |
| Al Bunshaft | Trustee (since May 2023) Trustee or director | 2 | $0 | $0 |
| Chee Chew | Trustee Trustee or director | 2 | $0 | $0 |
| Michael A Coleman | Trustee (until Oct 2022) Trustee or director | 2 | $0 | $0 |
| Lee Edwards | Trustee Trustee or director | 2 | $0 | $0 |
| Sherwin Greenblatt | Trustee (until Oct 2022) Trustee or director | 2 | $0 | $0 |
| Scott Harris | Trustee Trustee or director | 2 | $0 | $0 |
| Bruce Herring | Trustee Trustee or director | 2 | $0 | $0 |
| George Milne Jr | Trustee Trustee or director | 2 | $0 | $0 |
| Venky Narayanamurti | Trustee Trustee or director | 2 | $0 | $0 |
| William B Norden | Trustee Trustee or director | 2 | $0 | $0 |
| Lynn Pasquerella | Trustee Trustee or director | 2 | $0 | $0 |
| Michael Sutton | Trustee (since Feb 2022) Trustee or director | 2 | $0 | $0 |
| Nina Saberi | Trustee (until Oct 2022) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 OLIN WAY, NEEDHAM, MA 02492-1200
- Mailing address (990-N for 2015)
- 1000 Olin Way, Needham MA 02492
- Principal officer (990 for 2024)
- R MAY LEE, 1000 OLIN WAY, NEEDHAM, MA 024921200
- Principal officer (990-N for 2015)
- Annabel Consilvio, 32 Stone St, Auburn MA 01501
- Signed the 990
- R MAY LEE, PRESIDENT
- Phone
- (781) 292-2300
- Website
- WWW.OLIN.EDU
- Return prepared by
- CBIZ ADVISORS LLC
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.
Program accomplishments
- 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.Expenses $51,617,234 · grants $17,064,393 · revenue $32,261,865
- 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.Expenses $298,262 · revenue $837,222
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1519057
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $511,011,583
- Income (IRS master file)
- $61,318,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $40,842,979 | $66,181,192 | $511,011,583 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $38,962,247 | $62,639,905 | $500,657,439 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $32,983,159 | $59,796,651 | $487,410,086 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $40,612,767 | $57,804,167 | $496,793,977 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Annabel Consilvio | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1519057).
Questions about FRANKLIN W OLIN COLLEGE OF ENGINEERING INC
- What is the EIN of FRANKLIN W OLIN COLLEGE OF ENGINEERING INC?
- The employer identification number (EIN) of FRANKLIN W OLIN COLLEGE OF ENGINEERING INC is 06-1519057.
- Is FRANKLIN W OLIN COLLEGE OF ENGINEERING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to FRANKLIN W OLIN COLLEGE OF ENGINEERING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN W OLIN COLLEGE OF ENGINEERING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN W OLIN COLLEGE OF ENGINEERING INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN W OLIN COLLEGE OF ENGINEERING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANKLIN W OLIN COLLEGE OF ENGINEERING INC?
- The 990 for the year ended June 30, 2025 names R MAY LEE.
- Who are the officers and directors of FRANKLIN W OLIN COLLEGE OF ENGINEERING INC?
- The 990 for the year ended June 30, 2025 lists 30 people; 15 received compensation from the organization, the highest $736,571 (GILDA BARABINO, PRESIDENT/TRUSTEE (EX-OFFICIO)).
- How much revenue does FRANKLIN W OLIN COLLEGE OF ENGINEERING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $40,842,979, expenses of $66,181,192 and total assets of $511,011,583 at year end.
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