Assumption University
94% goes to programs $23 to raise $100 Strong reserves
Assumption University is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1953, with $129,112,574 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
500 Salisbury Street, Worcester, MA, 01609 EIN 04-2105776 Since 1953
Revenue (FY2024)
$129.1M
▲ 1.5% vs prior year
Education median: $200K
Expenses (FY2024)
$137.6M
Net assets
$192.1M
Employees
1,107
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating94% to programs · $23 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Assumption University: 94% to programs · $23 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating17 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Assumption University: 17 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Assumption University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Assumption University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Higher education of men and women. assumption university strives to form graduates known for critical intelligence, thoughtful citizenship and compassionate service.
What they do
Auxiliary enterprises: provided campus housing to approximately 1,500 undergraduate students. provided board and books to approximately 1,800 students.
Contact & location
- Address
- 500 Salisbury Street, Worcester, MA, 01609
- City
- Worcester
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $107.5M (FY2013) to $129.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $42.5MNet assets $192.1M
Operating margin
-6.6%
Spent more than it raised in the latest fiscal year.
Total assets
$234.6M
Total liabilities
$42.5M
Net assets
$192.1M
Salaries & benefits
$44.4M
32% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $129,112,574▲1.5% | $137,584,883▲6.4% | $192,102,197▼1.7% | $234,617,862▼2.0% | 990 |
| 2023 | $127,143,548▲8.8% | $129,299,078▲6.0% | $195,454,772▲2.8% | $239,289,169▲0.6% | 990 |
| 2022 | $116,907,832▼16.4% | $121,995,531▼3.1% | $190,202,073▼4.0% | $237,826,109▼4.6% | 990 |
| 2021 | $139,781,957▼4.9% | $125,845,887▲3.9% | $198,208,888▼2.6% | $249,199,201▼5.7% | 990 |
| 2020 | $147,045,190▲31.1% | $121,097,485▲7.4% | $203,563,057▲16.2% | $264,318,471▲13.1% | 990 |
| 2018 | $112,143,434▼0.6% | $112,778,851▲3.3% | $175,158,156▼2.8% | $233,637,868▼3.1% | 990 |
| 2017 | $112,815,180▼5.1% | $109,217,253▲0.9% | $180,148,696▲4.3% | $241,185,742▲1.7% | 990 |
| 2016 | $118,907,959▲7.2% | $108,292,501▼0.5% | $172,783,143▲11.0% | $237,044,673▲14.2% | 990 |
| 2015 | $110,900,728▲2.3% | $108,872,431▲1.4% | $155,653,521▼2.3% | $207,649,819▼1.2% | 990 |
| 2014 | $108,419,920▲0.8% | $107,349,276▲0.3% | $159,270,548▲1.0% | $210,097,249 | 990 |
| 2013 | $107,530,341 | $107,004,849▲0.4% | $157,621,575▲7.0% | $210,150,057▲5.0% | 990 |
| 2012 | — | $106,549,993▲4.9% | $147,303,344▲11.2% | $200,178,882▲7.4% | 990 |
| 2011 | — | $101,599,053▲0.1% | $132,425,988▼2.3% | $186,472,925▼3.8% | 990 |
| 2010 | — | $101,521,992 | $135,521,518 | $193,833,861 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Gregory Weiner — $443,422 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gregory Weiner | President | 40 | $443,422 |
| Peter Wells | Vp Finance & Admin (thru 10/28/24) | 40 | $301,217 |
| Christina Graziano | Secretary To the Board | 40 | $253,910 |
| William Boffi | Vp Enrollment | 40 | $252,907 |
| Marc Guerra | Provost | 40 | $228,295 |
| Raymond Albert | Director of Cybersecurity | 40 | $216,347 |
| Patrick Cullen | Dean | 40 | $214,021 |
| Jill Abrahams | Vp Inst. Advancement (thru 8/25/24) | 40 | $179,578 |
| Christopher Ferreira | Dean | 40 | $174,719 |
| Kimberly Schandel | Dean | 40 | $159,207 |
| Conway Campbell | Vp Student Success | 40 | $156,337 |
| John White | Interim Vp For Inst. Advancement | 40 | $151,881 |
| Wendy Buja | Assoc. Program Director PA | 40 | $143,113 |
| Marisa Gregg | Cmo & Comm. Officer (as of 7/1/24) | 40 | $98,660 |
| Andrew S Viens | Trustee | 2 | — |
| Candace A Race | Chair of the Board | 2 | — |
| Carl M Cafaro | Trustee | 2 | — |
| Carolyn M Clancy | Trustee | 2 | — |
| Christine C Marcks | Trustee | 2 | — |
| E Jane Clapp | Cfo/vp of Fin. & Adm. (as of 1/2/25) | 40 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Dining and Facilities Services | $5,953,797 |
| Aramark Services Inc | Food Services | $2,929,924 |
| Dynamic Campus Solutions | It Services | $2,329,034 |
| Lauring Construction | General Contractor | $591,435 |
| 3 Enrollment Marketing | Digital Marketing Agency | $508,082 |
Grants received · $6.6M total
71 grants to Assumption University totaling $6.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $205,000 |
| American Online Giving Foundation Inc | General support | 2024 | $20,800 |
| Pew Charitable Trusts | Matching gift | 2024 | $20,000 |
| Ayco Charitable Foundation | Education | 2024 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $320,322 |
| American Endowment Foundation | Educational | 2023 | $200,000 |
| Donor Advised Charitable Giving | Education | 2023 | $56,500 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $50,000 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| American Online Giving Foundation Inc | General support | 2023 | $18,655 |
| Pew Charitable Trusts | Matching gifts | 2023 | $16,600 |
| Charities Aid Foundation America | Charitable donation | 2023 | $15,250 |
| National Philanthropic Tr | Education | 2023 | $12,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Greater Hartford Gives Foundation | Scholarships | 2023 | $7,641 |
Grants made · $300K in FY2024
1 grant totaling $300K in FY2024. All grants made by Assumption University →
| Recipient | Purpose | Amount |
|---|---|---|
| The Augustinians of the Assumption | General purpose | $300,000 |
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Compare Assumption University
Frequently asked questions
- Is Assumption University a legitimate nonprofit?
- Yes. Assumption University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2105776, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Assumption University's EIN?
- Assumption University's Employer Identification Number (EIN) is 04-2105776.
- How much revenue does Assumption University report?
- Assumption University reported $129,112,574 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Assumption University's spending goes to programs?
- Assumption University spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Assumption University have?
- CharityIndex grades Assumption University A, based on program efficiency and fundraising cost.
- How much does Assumption University's highest-paid employee make?
- The highest reported compensation on Assumption University's latest Form 990 is $443,422, paid to Gregory Weiner (President).
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Data for Assumption University (EIN 04-2105776) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.