Franklin W Olin College of Engineering Inc
Only null% goes to programs Strong reserves
Franklin W Olin College of Engineering Inc is a 501(c)(3) organization based in Needham, Massachusetts, registered in 1998, with $38,962,247 in FY2023 revenue. CharityIndex grades it D.
1000 Olin Way, Needham, MA, 02492 EIN 06-1519057 Since 1998
Revenue (FY2023)
$39.0M
▲ 18.1% vs prior year
Education median: $200K
Expenses (FY2023)
$62.6M
Net assets
$337.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Franklin W Olin College of Engineering Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating65 mo reserves · -61% 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 Franklin W Olin College of Engineering Inc: 65 mo reserves · -61% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Franklin W Olin College of Engineering Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Franklin W Olin College of Engineering Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1000 Olin Way, Needham, MA, 02492
- City
- Needham
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Website
- …
Financial trends
Revenue grew from $31.6M (FY2013) to $39.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $162.9MNet assets $337.8M
Operating margin
-60.8%
Spent more than it raised in the latest fiscal year.
Total assets
$500.7M
Total liabilities
$162.9M
Net assets
$337.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $38,962,247▲18.1% | $62,639,905▲4.8% | $337,772,008▲5.6% | $500,657,439▲2.7% | 990 |
| 2022 | $32,983,159▼18.8% | $59,796,651▲3.4% | $319,908,259▼1.8% | $487,410,086▼1.9% | 990 |
| 2021 | $40,612,767▲6.6% | $57,804,167▲5.0% | $325,746,750▼9.9% | $496,793,977▼8.2% | 990 |
| 2020 | $38,091,225▲2.4% | $55,042,896▼0.9% | $361,590,466▲31.0% | $541,438,077▲17.4% | 990 |
| 2019 | $37,180,553▲5.8% | $55,527,397▲2.4% | $276,036,132▼7.5% | $461,193,357▼3.6% | 990 |
| 2018 | $35,158,267▼7.7% | $54,202,251▲1.3% | $298,298,425▼1.7% | $478,512,867▼0.2% | 990 |
| 2017 | $38,110,679▲10.0% | $53,522,914▲2.3% | $303,607,593▲3.0% | $479,648,629▲1.4% | 990 |
| 2016 | $34,633,752▲8.9% | $52,334,511▲5.7% | $294,653,564▲8.5% | $473,057,452▲4.1% | 990 |
| 2015 | $31,816,688▼5.7% | $49,514,108▼0.7% | $271,543,224▼10.9% | $454,270,889▼6.0% | 990 |
| 2014 | $33,740,919▲6.7% | $49,882,613▲1.2% | $304,853,399▼1.2% | $483,342,171▼1.0% | 990 |
| 2013 | $31,636,530 | $49,273,462▲2.2% | $308,644,520▲9.4% | $488,302,390▲5.9% | 990 |
| 2012 | — | $48,217,050▲0.4% | $282,245,914▲4.3% | $461,300,682▲1.4% | 990 |
| 2011 | — | $48,022,718▼1.9% | $270,703,784▼14.4% | $455,084,982▼7.2% | 990 |
| 2010 | — | $48,961,448▲0.8% | $316,398,366▲13.0% | $490,219,363▲6.9% | 990 |
| 2009 | — | $48,581,765 | $279,928,927 | $458,492,332 | 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.
Grants received · $5.3M total
80 grants to Franklin W Olin College of Engineering Inc totaling $5.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $99,976 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $50,250 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $15,000 |
| Impactassets Inc | General support | 2024 | $7,000 |
| Donor Advised Charitable Giving | Education | 2023 | $155,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $132,150 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $108,550 |
| National Philanthropic Tr | Education | 2023 | $105,000 |
| American Online Giving Foundation Inc | General support | 2023 | $73,682 |
| Massachusetts Institute of Technology | Grant | 2023 | $43,720 |
| George Washington University | Subaward | 2023 | $35,031 |
| University of Notre Dame Du Lac | See part iv | 2023 | $34,747 |
| Northeastern University | Sub-award | 2023 | $33,083 |
| Trustees of Boston University | Research | 2023 | $16,278 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $12,500 |
Similar organizations in Education
Education
The Trustees of Anatolia College
Boston, MA
$39.5M
Bannual revenue
Education
Brooks School
North Andover, MA
$38.4M
Bannual revenue
Education
University of Massachusetts Amherst Foundation Inc
Amherst, MA
$37.8M
Cannual revenue
Education
Trustees of the Lawrence Academy At Groton
Groton, MA
$37.8M
Bannual revenue
Education
Allen-chase Foundation
Deerfield, MA
$37.6M
Bannual revenue
Education
Cushing Academy Trustees
Ashburnham, MA
$37.3M
Aannual revenue
Education
Dana Hall Schools
Wellesley, MA
$40.9M
Bannual revenue
Education
Nellie Mae Education Foundation Inc
Quincy, MA
$40.9M
Aannual revenue
Education
Winsor School Inc
Boston, MA
$41.2M
Bannual revenue
Education
Worcester Academy
Worcester, MA
$36.7M
Aannual revenue
Compare Franklin W Olin College of Engineering Inc
Frequently asked questions
- Is Franklin W Olin College of Engineering Inc a legitimate nonprofit?
- Yes. Franklin W Olin College of Engineering Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-1519057, based in Needham, Massachusetts. Donations are tax-deductible.
- What is Franklin W Olin College of Engineering Inc's EIN?
- Franklin W Olin College of Engineering Inc's Employer Identification Number (EIN) is 06-1519057.
- How much revenue does Franklin W Olin College of Engineering Inc report?
- Franklin W Olin College of Engineering Inc reported $38,962,247 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Franklin W Olin College of Engineering Inc have?
- CharityIndex grades Franklin W Olin College of Engineering Inc D, based on financial health (reserves and operating margin).
More nonprofits in Needham
Explore more
Data for Franklin W Olin College of Engineering Inc (EIN 06-1519057) 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.