NonprofitsFranklin W Olin College Of Engineering Inc

Education

Franklin W Olin College Of Engineering Inc

NEEDHAM, MA

Total revenue

$39.0M

Total expenses

$62.6M

Net assets

$337.8M

Grants received

$5.4M

102 grants

EIN

061519057

Tax year

2023

Mission

Highly selective four-year undergraduate engineering college with a unique interdisciplinary, project-based curriculum emphasizing entrepreneurship, liberal arts, and rigorous science and engineering fundamentals.

Programs

1 program

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: $331K

Financials

FY 2023

Revenue

Contributions & grants$2.8M
Program service revenue$28.6M
Investment income$6.0M
Other revenue$1.6M
Total revenue$39.0M

Expenses

Grants paid$15.0M
Salaries & benefits$21.2M
Fundraising$1.3M
Other expenses$26.4M
Total expenses$62.6M
Total assets$500.7M
Net assets$337.8M

People

33 listed

NameRoleCompensation

GILDA BARABINO

PRESIDENT/TRUSTEE (EX-OFFICIO)

Board

$789K

50 hrs/wk

DONNA GOLEMME

VP FOR FINANCE & ADMINISTRATION

Board

$337K

50 hrs/wk

MARK SOMERVILLE

PROVOST (UNTIL AUG 2023)

Board

$279K

50 hrs/wk

LAUREN TAAFFE

VICE PRESIDENT & CHIEF OF STAFF

Board

$218K

50 hrs/wk

ANNE-MARIE DORNING

VP MARTKING & COMM (UNTIL FEB 2024)

Board

$216K

50 hrs/wk

JEREMY GOODMAN UNTIL APR 2024

VP ADMIN SERVICES & INNOVATION

Board

$195K

50 hrs/wk

NICHOLAS MACKE

CHIEF HR OFFICER

Board

$181K

50 hrs/wk

ALYSON GOODROW

CHIEF MARKETING & COMM. OFFICER

Board

$142K

50 hrs/wk

ALBERT SACCO JR

CHIEF ACADMEIC OFFICER & PROVOST

Board

$67K

50 hrs/wk

LYNN PASQUERELLA

TRUSTEE (UNTIL MAY 2024)

Board

2 hrs/wk

WILLIAM B NORDEN

TRUSTEE

Board

2 hrs/wk

VENKY NARAYANAMURTI

TRUSTEE (UNTIL OCT 2023)

Board

2 hrs/wk

LUKE MORRIS

TRUSTEE (SINCE AUG 2023)

Board

2 hrs/wk

BRUCE HERRING

TRUSTEE

Board

2 hrs/wk

SCOTT HARRIS

TRUSTEE

Board

2 hrs/wk

LEE EDWARDS

TRUSTEE

Board

2 hrs/wk

CHEE CHEW

TRUSTEE

Board

2 hrs/wk

AL BUNSHAFT

TRUSTEE

Board

2 hrs/wk

MAIA BITTNER

TRUSTEE

Board

2 hrs/wk

RICHARD T ROCA

CLERK

Board

2 hrs/wk

GEORGE MILNE JR

VICE CHAIR

Board

2 hrs/wk

JEANNIE DIEFENDERFER

CHAIR (SINCE OCT 2023)

Board

4 hrs/wk

MICHAEL SUTTON

TRUSTEE

Board

2 hrs/wk

BEVERLY WYSE

CHAIR (UNTIL OCT 2023)

Board

4 hrs/wk

CHRIS WALLACE

TRUSTEE (SINCE MAY 2024)

Board

2 hrs/wk

ALISHA SARANG-SIEMINSKI

FORMER DEAN OF THE COLLEGE

Staff

$211K

50 hrs/wk

CHRISTOPHER LEE

ASSOCIATE DEAN

Staff

$200K

50 hrs/wk

RICHARD OSTERBERG

CHIEF INFORMATION OFFICER

Staff

$191K

50 hrs/wk

ROBERT MARTELLO

PROFESSOR

Staff

$182K

50 hrs/wk

JENNIFER EDMONDS

ASSOCIATE VP FOR FINANCE/CONTROLLER

Staff

$182K

50 hrs/wk

CHARLES JASON WOODARD

PROFESSOR

Staff

$180K

50 hrs/wk

JESSICA TOWNSEND

FORMER INTERIM ACAD VP FOR EXT ENG

Staff

$122K

50 hrs/wk

EMILY ROPER-DOTEN

FORMER DEAN ADMISSION & FIN. AID

Staff

$106K

50 hrs/wk

Independent contractors

ARAMARK FACILITIES SVCS

FACILITY SERVICES MANAGEMENT

$2.7M

SUMMIT ROCK

INVESTMENT ADVISORS & MANAGEMENT FEES

$2.5M

REBECCA'S COMMISSARY INC

DINING SERVICES

$1.8M

ZVI CONSTRUCTION LLC

BUILDING CONTRACTORS

$1.2M

BABSON COLLEGE

SHARED ADMINISTRATION

$699K

Grants received

Showing 102 of 102

FromAmountPurposeYear
$25K
GENERAL SUPPORT
2024
$15K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$10K
MONTANA ECLIPSE AWARD
2024
$7K
GENERAL SUPPORT
2024
$2K
General & Unrestricted
2024
$400
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$200
FIDELITY MATCHING GIFTS TO EDUCATION
2024
$50
GENERAL OPERATING PURPOSE
2024
$132K
For grant recipient's exempt purposes
2023
$109K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$33K
SUB-AWARD
2023
$25K
EMBEDDING EM INSTITUTIONALLY
2023
$25K
GENERAL SUPPORT
2023
$13K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$11K
CHARITABLE DONATION
2023
$10K
GENERAL OPERATING SUPPORT
2023
$9K
General & Unrestricted
2023
$7K
MONTANA ECLIPSE AWARD
2023
$7K
FOR THE OLIN FUND FOR GENERAL OPERATING EXPENSES. FOR THE OLIN FUND FOR GENERAL OPERATING EXPENSES, ON BEHALF OF SEAN MCBRIDE '07.
2023
$750
MATCHING GIFTS
2023
$200
EMPLOYEE GIVING PROGRAM
2023
$209K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$154K
Developmental Learning Modules to Enhance Student Learning
2022
$120K
For grant recipient's exempt purposes
2022
$64K
Franklin W. Olin College of Engineering - 24 CBL Undergraduate STEM Research Awards
2022
$52K
SUB-AWARD
2022
$30K
GRANTS TO HELP FUND AND SUPPORT FACULTY WITH INNOVATIVE IDEAS TO CREATE NEW OR TRANSFORM EXISTING COURSES AND PROGRAMS TO HELP STUDENTS DEVELOP NOVEL, STEM-BASED INVENTIONS AND GAIN THE NECESSARY ENTREPRENEURIAL SKILLS NEEDED TO BRING THESE IDEAS TO MARKET.
2022
$25K
EMBEDDING EM INSTITUTIONALLY
2022
$25K
EDUCATION PROJECT
2022
$22K
General & Unrestricted
2022
$22K
General & Unrestricted
2022
$12K
GENERAL SUPPORT
2022
$2K
MATCHING GIFTS
2022
$1K
the Olin Baja Organization fund
2022
$400
MATCHING GIFTS TO EDUCATION
2022
$400
MATCHING GIFTS TO EDUCATION
2022
$100
MATCHING GIFTS
2022
$100
EMPLOYEE GIVING PROGRAM
2022
$100
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2022
$339K
For recipient's exempt purpose
2021
$119K
For grant recipient's exempt purposes
2021
$119K
For grant recipient's exempt purposes
2021
$53K
SUB-AWARD
2021
$25K
EDUCATION PROJECT
2021
$10K
UNRESTRICTED GENERAL SUPPORT
2021
$338K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$168K
Support Shifting Rhythms, a mobile technology, arts and entrepreneurship afterschool and summer enrichment program
2020
$112K
For grant recipient's exempt purposes
2020
$64K
Franklin W. Olin College of Engineering - 24 CBL Undergraduate STEM Research Awards
2020
$62K
TECHNOLOGY AND INNOVATION
2020
$55K
DEVELOPING REAL-TIME VR TOOLS TO ENHANCE OPERATIONS OF UNDERWATER ROBOTS
2020
$49K
RESEARCH Research Research
2020
$48K
ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING
2020
$45K
SUB-AWARD
2020
$36K
TO SUPPORT THE RESEARCH AND WRITING OF PUBLIC UTILITY, TO BE PUBLISHED BY RIVERHEAD BY 2021
2020
$25K
Faculty Course Redevelopment and Workshops
2020
$10K
GENERAL OPERATING SUPPORT
2020
$5K
MIP PAYOUT FOR 06/12/20
2020
$2K
General & Unrestricted
2020
$300
EMPLOYEE GIVING PROGRAM
2020
$200
GENERAL SUPPORT
2020
$187K
For grant recipient's exempt purposes
2019
$89K
TECHNOLOGY AND INNOVATION
2019
$10K
GENERAL OPERATING
2019
$81K
For grant recipient's exempt purposes
2018
$10K
GENERAL OPERATING
2018
$3K
EDUCATION
2018
$214K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$5.4M from 41 funders · 102 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$1.1M · 8 grants · 2017–2023

Vanguard Charitable Endowment Program

$994K · 4 grants · 2020–2023

Donor Advised Charitable Giving Inc

$651K · 7 grants · 2017–2023

American Online Giving Foundation Inc

$633K · 6 grants · 2019–2024

Massachusetts Institute of Technology

$208K · 4 grants · 2020–2023

Northeastern University

$183K · 4 grants · 2020–2023

Davis Educational Foundation

$179K · 2 grants · 2020–2022

Walton Family Foundation Inc

$168K · 1 grant · 2020

Details

EIN061519057
NTEE codeB420
Subsection03
Ruling date1998-09
Formed1997
Employees432
Volunteers156
FRANKLIN W OLIN COLLEGE OF ENGINEERING INC — Mission, Financials & Grants Received | Grantivo