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Franklin W OLIN College of Engineering INC

Public charityFed auditsIRS 990990-T FY2023
Other · NEEDHAM, MA · EIN 06-1519057

About

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.

Donations are tax-deductible
Category
Other
Employees
430
Volunteers
162

Financial Snapshot

FY ending 2023-06-30
Revenue
$33.0M
Expenses
$59.8M
Assets
$487.4M
Liabilities
$167.5M

Financial history

$59.8M$29.9M$0
1617181920212223
RevenueExpenses
Latest FY2023: $33.0M · Peak FY2022: $40.6M · Avg: $35.6M

Foreign activity (Schedule F)

Total spent abroad$197.0M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
Central America and the Caribbean
Europe (including Iceland and Greenland)
Europe (including Iceland and Greenland)
Europe (including Iceland and Greenland)
North America (including Canada and Mexico, but not the United States)
Central America and the Caribbean
East Asia and the Pacific
South Asia
Sub-Saharan Africa
East Asia and the Pacific
Europe (including Iceland and Greenland)
Central America and the Caribbean
Middle East and North Africa
South Asia
South America

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$6K
Grants Given
$14.3M
FRANKLIN W OLIN COLLEGE OF ENGINEERING INC
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Address

1000 OLIN Way
Needham, MA, 02492-120

Governance

Voting board members15
Independent members14
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %2.0%
Permanent endowment %2.1%
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.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.