Northeastern University
90% goes to programs $10 to raise $100 Strong reserves Growing revenue
Northeastern University is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1995, with $2,982,345,642 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
360 Huntington Avenue 216-110, Boston, MA, 02115 EIN 04-1679980 Since 1995
Revenue (FY2023)
$3.0B
▲ 15.3% vs prior year
Education median: $200K
Expenses (FY2023)
$2.8B
Net assets
$4.1B
Employees
24,613
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 rating90% to programs · $10 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 Northeastern University: 90% to programs · $10 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 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 Northeastern University: 18 mo reserves · +7% 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 Northeastern 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 Northeastern University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o.
What they do
Student financial aid northeastern awards grants and scholarships to students from several sources: federal and state governments, institutionally-funded and endowment/donor funded. the office of student financial services administers financial aid and is committed to working with students to identify financial aid options that can help make a northeastern education affordable.
Auxiliary enterprises northeastern provides student housing in 34 residential buildings and other related program services.
Contact & location
- Address
- 360 Huntington Avenue 216-110, Boston, MA, 02115
- City
- Boston
- State
- Massachusetts
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.3B (FY2013) to $3.0B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.3BNet assets $4.1B
Operating margin
7.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.4B
Total liabilities
$2.3B
Net assets
$4.1B
Salaries & benefits
$1.2B
43% of expenses
Board members
33
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,982,345,642▲15.3% | $2,758,750,001▲12.1% | $4,082,604,000▲9.7% | $6,371,394,000▲6.7% | 990 |
| 2022 | $2,586,227,003▲8.1% | $2,460,539,353▲14.6% | $3,720,467,000▲7.2% | $5,973,617,000▲9.5% | 990 |
| 2021 | $2,393,370,957▲16.2% | $2,146,870,270▲16.3% | $3,471,254,000▲26.7% | $5,456,278,000▲16.2% | 990 |
| 2020 | $2,060,202,511▲6.0% | $1,846,626,305▲8.4% | $2,740,560,000▲23.6% | $4,696,880,000▲30.6% | 990 |
| 2019 | $1,943,632,573▲6.3% | $1,704,024,042▲4.9% | $2,217,834,000▲9.6% | $3,597,441,000▲5.1% | 990 |
| 2018 | $1,828,592,362▲8.1% | $1,623,876,099▲5.7% | $2,023,957,000▲12.8% | $3,421,451,000▲14.4% | 990 |
| 2017 | $1,691,438,907▲12.4% | $1,536,933,716▲8.8% | $1,793,989,000▲10.0% | $2,991,273,000▲4.2% | 990 |
| 2016 | $1,505,129,095▲6.8% | $1,412,187,454▲6.2% | $1,630,654,000▲11.6% | $2,870,128,000▲5.2% | 990 |
| 2015 | $1,409,056,955▲3.0% | $1,329,479,156▲5.9% | $1,461,602,000▲0.2% | $2,727,690,000▼0.6% | 990 |
| 2014 | $1,368,032,665▲6.3% | $1,254,829,773▲7.6% | $1,458,380,000▲6.0% | $2,743,645,000▲3.4% | 990 |
| 2013 | $1,287,557,389 | $1,166,467,828▲5.6% | $1,375,191,000▲15.1% | $2,652,261,000▲19.1% | 990 |
| 2012 | — | $1,104,513,922▲6.6% | $1,195,073,239▲15.2% | $2,226,464,071▲6.0% | 990 |
| 2011 | — | $1,036,584,296▲9.3% | $1,037,728,968▲5.2% | $2,101,287,079▲4.0% | 990 |
| 2010 | — | $947,957,221▲10.3% | $986,430,000▲23.5% | $2,021,019,000▲9.6% | 990 |
| 2009 | — | $859,720,219 | $798,814,000 | $1,843,883,000 | 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: Joseph E Aoun — $1,831,836 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph E Aoun | President/trustee | 40 | $1,831,836 |
| Usama M Fayyad | Exec. Dir - Institute For Ai | 40 | $1,061,427 |
| David Madigan | Provost & Svp | 40 | $1,056,069 |
| Thomas Nedell | Svp Finance and Treasurer | 40 | $1,033,794 |
| Diane N Macgillivray | Svp of University Advancement | 40 | $1,019,739 |
| Satyajit Dattagupta | Chief Enrollment Officer | 40 | $1,015,257 |
| Kenneth W Henderson | Chancellor and Svp Learning | 40 | $768,328 |
| David Luzzi | Sr Vice Provost - Research | 40 | $767,767 |
| Mary Strother | Svp & Gen Counsel | 40 | $753,632 |
| James Hackney | Dean School of Law | 40 | $701,284 |
| Alexandros Makriyannis | George D Behrakis Chair | 40 | $653,132 |
| Mary Ludden | Svp Global Network & Strategic | 40 | $650,155 |
| Emery Trahan Until 923 | Interim Dunton Family Dean | 40 | $648,497 |
| Gregory Abowd | Dean - Coe | 40 | $618,254 |
| Elizabeth Mynatt | Dean-khoury College Comp Sci | 40 | $611,083 |
| Michael A Armini | Svp - External Affairs | 40 | $610,490 |
| David De Cremer | Dunton Family Dean (eff. 7/23) | 40 | $551,754 |
| Hazel Sive | Dean College of Science | 40 | $540,299 |
| Carmen Sceppa | Dean - Bouv Health Sciences | 40 | $527,450 |
| Alan Mislove | Prof. & Sr Assoc Dean | 40 | $354,388 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Suffolk Construction Co Inc | Construction | $85,526,293 |
| Compass Group | Food Services | $41,915,651 |
| Columbia Construction Company Inc | Construction | $23,725,608 |
| Turner Construction Company Inc | Construction | $23,118,739 |
| Mms USA Holdings Inc | Consulting | $16,456,325 |
Grants received · $136.0M total
562 grants to Northeastern University totaling $136.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Maine Community Foundation Inc | Education | 2024 | $1,733,145 |
| Silicon Valley Community Foundation | Education | 2024 | $1,652,936 |
| New Venture Fund | Technology and innovation | 2024 | $500,000 |
| American Endowment Foundation | Educational | 2024 | $328,997 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2024 | $313,480 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $266,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $264,250 |
| Education Development Center Inc | Ed r & d | 2024 | $199,884 |
| Charles Stark Draper Laboratory Inc | Scholar support | 2024 | $168,998 |
| American Online Giving Foundation Inc | General support | 2024 | $155,212 |
| United States Energy Foundation | To promote education and analysis to advance clean, affordable energy that protects public health. | 2024 | $150,000 |
| American Institutes For Research In the Behavioral Sciences | Building a more holistic and inclusive workforce development system for boston's youth | 2024 | $100,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| Ayco Charitable Foundation | Education | 2024 | $84,600 |
| American Heart Association Inc | Research | 2024 | $69,548 |
Grants made · $52.1M in FY2023
168 grants totaling $52.1M in FY2023 — showing the 15 largest. All grants made by Northeastern University →
| Recipient | Purpose | Amount |
|---|---|---|
| Us Ignite Inc | Sub-award | $8,211,731 |
| University of Massachusetts-amherst | Sub-award | $2,551,125 |
| University of North Texas | Sub-award | $2,522,895 |
| University of Pittsburgh | Sub-award | $2,376,829 |
| Temple University-of the Commonwealth System of Higher Educ | Sub-award | $2,299,443 |
| Northern Arizona University Fdn Inc | Sub-award | $2,234,549 |
| Lukla Inc | Sub-award | $2,056,213 |
| University of Georgia Research Foundation Inc | Sub-award | $1,882,776 |
| Regents of the University of Michigan | Sub-award | $1,591,962 |
| University of South Florida | Sub-award | $1,197,989 |
| Nexgen Composites LLC | Sub-award | $999,723 |
| University of Alabama Huntsville Foundation | Sub-award | $774,538 |
| Rutgers the State University | Sub-award | $739,717 |
| Trustees of Tufts College | Sub-award | $683,196 |
| University of Southern California | Sub-award | $640,951 |
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Frequently asked questions
- Is Northeastern University a legitimate nonprofit?
- Yes. Northeastern University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-1679980, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Northeastern University's EIN?
- Northeastern University's Employer Identification Number (EIN) is 04-1679980.
- How much revenue does Northeastern University report?
- Northeastern University reported $2,982,345,642 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Northeastern University's spending goes to programs?
- Northeastern University spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Northeastern University have?
- CharityIndex grades Northeastern University A, based on program efficiency and fundraising cost.
- How much does Northeastern University's highest-paid employee make?
- The highest reported compensation on Northeastern University's latest Form 990 is $1,831,836, paid to Joseph E Aoun (President/trustee).
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Data for Northeastern University (EIN 04-1679980) 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.