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Assumption University

Public charityFed auditsIRS 990990-T FY2023
DBA: % CATHLEEN CULLEN
Other · WORCESTER, MA · EIN 04-2105776

About

Assumption university is a comprehensive, catholic liberal arts institution sponsored by the augustinians of the assumption. We awaken in students a sense of wonder, discovery, and purpose, forming graduates known for their intellectual seriousness, thoughtful citizenship, and devotion to the common good. Our curricular and CO-curricular programs provide students with an education that shapes their souls, forms them intellectually, and prepares them for meaningful careers. We are a diverse community that welcomes different points of view and embraces ALL who share our mission. Enlivened by the catholic affirmation of the harmony of faith and reason, and by the pursuit of the truth in the company of friends, an assumption education transforms the mind and hearts of students.

In care of Cathleen Cullen

Donations are tax-deductible
Category
Other
Employees
1,093
Volunteers
75

Financial Snapshot

FY ending 2024-05-31
Revenue
$127.1M
Expenses
$129.3M
Assets
$239.3M
Liabilities
$43.8M

Financial history

$139.8M$69.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $127.1M · Peak FY2022: $139.8M · Avg: $119.8M

Foreign activity (Schedule F)

Total spent abroad$13.8M
Foreign employees1
Foreign offices1
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$54.2M
ASSUMPTION UNIVERSITY
Your actions

Address

500 Salisbury Street
Worcester, MA, 01609-126

Governance

Voting board members26
Independent members26
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %56.0%
Permanent endowment %44.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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