Lasell University
86% goes to programs $41 to raise $100 Strong reserves
Lasell University is a 501(c)(3) organization based in Newton, Massachusetts, registered in 1928, with $81,014,237 in FY2023 revenue. CharityIndex grades it B, and it directs about 86% of spending to programs.
1844 Commonwealth Ave, Newton, MA, 02466 EIN 04-2103585 Since 1928
Revenue (FY2023)
$81.0M
▲ 2.6% vs prior year
Education median: $200K
Expenses (FY2023)
$68.5M
Net assets
$62.3M
Employees
1,037
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating86% to programs · $41 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 Lasell University: 86% to programs · $41 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +15% 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 Lasell University: 11 mo reserves · +15% margin earns a A 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 Lasell 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 Lasell University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We immerse students in experiential and collaborative learning that fosters lifelong intellectual exploration and social responsibility.
What they do
Provided management and educational services and leased land to lasell village, inc., a tax-exempt affiliate, functions that are integral to the conduct of the exempt functions of lasell village, inc.
Provided facilities for other educational organizations to conduct educational programs and to provide housing to students.
Provided collaborative police and information technology services with another local college, functions that are integral to the conduct of the exempt functions of that college, with the goal of providing quality services to each college campus in a cost effective manner.
Contact & location
- Address
- 1844 Commonwealth Ave, Newton, MA, 02466
- City
- Newton
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue held steady from $79.4M (FY2013) to $81.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $67.3MNet assets $62.3M
Operating margin
15.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$129.6M
Total liabilities
$67.3M
Net assets
$62.3M
Salaries & benefits
$30.7M
45% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $81,014,237▲2.6% | $68,536,596▼26.3% | $62,310,832▲27.1% | $129,643,451▲8.2% | 990 |
| 2022 | $78,954,053▼9.9% | $92,945,178▲0.7% | $49,026,941▼20.0% | $119,807,608▼10.7% | 990 |
| 2021 | $87,640,510▲2.8% | $92,286,404▲7.2% | $61,251,360▼15.8% | $134,108,713▼8.5% | 990 |
| 2020 | $85,290,352▼7.4% | $86,077,398▼7.7% | $72,713,231▲11.4% | $146,552,524▲5.7% | 990 |
| 2019 | $92,147,979▼2.8% | $93,288,420▼1.7% | $65,250,544▼7.3% | $138,640,632▼6.5% | 990 |
| 2018 | $94,815,012▲1.9% | $94,879,839▲2.6% | $70,352,270▼1.2% | $148,280,077▼1.1% | 990 |
| 2017 | $93,004,404▼1.2% | $92,497,429▲1.9% | $71,215,716▲3.4% | $149,980,732▼1.6% | 990 |
| 2016 | $94,130,519▲0.6% | $90,786,340▲2.5% | $68,863,674▲15.7% | $152,401,919▲8.7% | 990 |
| 2015 | $93,598,061▲9.9% | $88,561,313▲6.6% | $59,529,844▲1.8% | $140,218,045▲10.1% | 990 |
| 2014 | $85,204,834▲7.3% | $83,091,798▲8.7% | $58,470,685▲0.1% | $127,363,194▲0.1% | 990 |
| 2013 | $79,443,898 | $76,464,010▲7.0% | $58,390,289▲12.2% | $127,250,342▲4.9% | 990 |
| 2012 | — | $71,452,419▲10.4% | $52,037,403▲13.6% | $121,296,470▲0.7% | 990 |
| 2011 | — | $64,720,642▲6.8% | $45,818,292▼8.2% | $120,455,433▲2.4% | 990 |
| 2010 | — | $60,606,838▲9.7% | $49,922,201▲21.2% | $117,598,183▲21.2% | 990 |
| 2009 | — | $55,269,576 | $41,202,849 | $97,013,671 | 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 (FY2023)
Highest-paid: Michael Alexander — $715,734 (1.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Alexander | Former President | 40 | $715,734 |
| Eric Turner | President | 40 | $295,545 |
| Chelsea Gwyther | Vp Development and Alumni Relations | 40 | $229,852 |
| Chrystal Porter | Provost | 40 | $221,500 |
| Andrew Maylor | Asst Treas, Vp Finance & Ops & Cfo | 40 | $214,719 |
| Zehra Abid-wood | Vp Lasell Village | 40 | $205,250 |
| Jennifer Okeeffe | Chief of Staff and General Counsel | 40 | $201,257 |
| Eric Knox | Avp of Finance & Controller | 40 | $177,292 |
| Derek Pinto | Former Asst Treasurer, Vp Admin. | 40 | $104,705 |
| Henry Pugh | Asst Clerk, Exec Asst To President | 40 | $79,884 |
| Brad Kates | Trustee | 1 | — |
| Bryan Ward | Trustee | 1 | — |
| Carlos Fonseca | Trustee | 1 | — |
| David Hill | Trustee (until Oct. 2023) | 1 | — |
| David Mcinnis | Trustee (until Oct. 2023) | 1 | — |
| Debby Mahoney | Trustee | 1 | — |
| Gerry Deroche | Chair | 1 | — |
| Greg Holman | Trustee | 1 | — |
| Heidi Raffone | Trustee | 1 | — |
| Joe Maraia | Clerk | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Compass Group USA | Food Services | $4,162,934 |
| Abm | Housekeeping Services | $1,221,264 |
| Vont LLC | Marketing Services | $747,223 |
| D& S Landscaping | Landscaping Services | $585,338 |
| Winslow Technology Group LLC | Technology Services | $327,961 |
Grants received · $2.9M total
45 grants to Lasell University totaling $2.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Lasell University a legitimate nonprofit?
- Yes. Lasell University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103585, based in Newton, Massachusetts. Donations are tax-deductible.
- What is Lasell University's EIN?
- Lasell University's Employer Identification Number (EIN) is 04-2103585.
- How much revenue does Lasell University report?
- Lasell University reported $81,014,237 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lasell University's spending goes to programs?
- Lasell University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lasell University have?
- CharityIndex grades Lasell University B, based on program efficiency and fundraising cost.
- How much does Lasell University's highest-paid employee make?
- The highest reported compensation on Lasell University's latest Form 990 is $715,734, paid to Michael Alexander (Former President).
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Data for Lasell University (EIN 04-2103585) 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.