Wellesley College
77% goes to programs $13 to raise $100 Strong reserves Declining revenue
Wellesley College is a 501(c)(3) organization based in Wellesley, Massachusetts, registered in 1946, with $379,067,279 in FY2023 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
106 Central St, Wellesley, MA, 02481 EIN 04-2103637 Since 1946
Revenue (FY2023)
$379.1M
▼ 1.7% vs prior year
Education median: $200K
Expenses (FY2023)
$361.7M
Net assets
$3.3B
Employees
2,963
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating77% to programs · $13 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 Wellesley College: 77% to programs · $13 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating109 mo reserves · +5% 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 Wellesley College: 109 mo reserves · +5% 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 Wellesley College: 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 Wellesley College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide an excellent liberal arts education for women who will make a difference in the world.
What they do
Wellelsey college has long tradition of need-blind admission for u.s. citizens and permanent residents, making admission decisions without regard to a family's financial situation. through its financial aid program, the college meets 100 percent of a student's demonstrated financial need. resources dedicated to the financial aid program ensure that wellesley is successful in recruiting and enrolling a strong and diverse student body with continued attention to issues of financing and affordability. approximately 60% of the student body receives financial aid and wellesley is widely recognized as one of the top 10 colleges in the country for students graduating with the least amount of debt.
Sponsored research: wellesley prides itself on its commitment to supporting the teacher-scholar ideal, enabling our gifted faculty members to integrate their love of teaching and working closely with students with their pursuit of the advancement of knowledge through their world-class research.
Contact & location
- Address
- 106 Central St, Wellesley, MA, 02481
- City
- Wellesley
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $520.9M (FY2013) to $379.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $601.8MNet assets $3.3B
Operating margin
4.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.9B
Total liabilities
$601.8M
Net assets
$3.3B
Salaries & benefits
$148.0M
41% of expenses
Board members
33
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $379,067,279▼1.7% | $361,700,590▲6.2% | $3,297,407,599▲4.8% | $3,899,240,908▲3.8% | 990 |
| 2022 | $385,569,831▼18.8% | $340,731,004▼1.9% | $3,147,698,517▲1.5% | $3,757,832,303▲0.7% | 990 |
| 2021 | $474,840,630▼7.9% | $347,192,022▲7.3% | $3,101,279,359▼10.6% | $3,730,562,132▼9.6% | 990 |
| 2020 | $515,515,442▲50.5% | $323,437,362▲3.6% | $3,467,801,621▲39.5% | $4,125,529,097▲37.9% | 990 |
| 2019 | $342,459,889▼4.2% | $312,300,864▼1.7% | $2,485,948,999▲4.6% | $2,991,368,758▲4.8% | 990 |
| 2018 | $357,471,542▲32.8% | $317,734,083▲1.3% | $2,376,584,998▲1.9% | $2,855,285,999▲1.5% | 990 |
| 2017 | $269,268,208▼10.1% | $313,573,138▲8.1% | $2,332,769,834▲6.0% | $2,812,442,630▲9.5% | 990 |
| 2016 | $299,607,749▲5.2% | $290,074,422▲4.6% | $2,201,705,812▲8.5% | $2,569,337,191▲6.1% | 990 |
| 2015 | $284,775,381▼29.7% | $277,417,316▲5.8% | $2,029,585,899▼4.4% | $2,422,459,289▼2.5% | 990 |
| 2014 | $404,985,069▼22.2% | $262,149,691▼0.1% | $2,122,108,668▲4.0% | $2,484,115,499▲3.6% | 990 |
| 2013 | $520,864,548 | $262,469,880▲6.5% | $2,039,784,873▲14.4% | $2,397,864,730▲11.6% | 990 |
| 2012 | — | $246,563,772▼11.7% | $1,783,492,722▲7.5% | $2,147,932,564▲5.0% | 990 |
| 2011 | — | $279,306,463▲19.2% | $1,659,444,515▼5.1% | $2,046,260,208▲1.7% | 990 |
| 2010 | — | $234,371,956▼0.9% | $1,748,875,954▲14.0% | $2,011,093,554▲11.1% | 990 |
| 2009 | — | $236,576,955 | $1,534,571,424 | $1,810,690,898 | 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: Deborah F Kuenstner — $1,266,732 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Deborah F Kuenstner | Chief Investment Officer | 60 | $1,266,732 |
| Rose C Carpenter | Deputy Cio | 60 | $987,484 |
| Ray Oquendo | Chief Operating Officer | 60 | $922,211 |
| Paula A Johnson | President | 60 | $770,895 |
| Matthew Veilleux | Investment Director | 60 | $484,317 |
| Karen Petrulakis | General Counsel | 60 | $447,662 |
| Piper Orton | Vp For Fin. & Admin. & Treas. | 60 | $444,647 |
| Andrew Shennan | Provost and Dean of College | 60 | $388,244 |
| Sheilah Horton | Dean of Students | 60 | $311,570 |
| Dave Chakraborty | Asst Vp Facilities Mgmt | 60 | $302,559 |
| Crystal Daugherty - Vp For | Development & Pub Aff (as of 4/23) | 60 | $278,622 |
| Theresa Peaches Valdes | Dean of Admission & Stu. Fin. Svcs | 60 | $267,176 |
| Megan Nunez | Dean of Faculty Affairs | 60 | $252,506 |
| Michael Jeffries | Dean of Academic Aff. | 60 | $242,687 |
| Ann Velenchik | Former Dean of Academic Aff. | 60 | $211,867 |
| Anne Shen Chao | Trustee | 2 | — |
| Beth C Friedman | Trustee | 2 | — |
| Brian C Broderick | Trustee | 2 | — |
| Callie Crossley | Trustee | 2 | — |
| Cheryl Haywood | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Dellbrook Construction LLC | Construction | $17,601,567 |
| Walsh Brothers Incorporated | Construction | $15,695,402 |
| Turner Construction Company | Construction | $12,209,579 |
| Elaine Construction Company | Construction | $11,931,569 |
| Suffolk Construction Company Inc | Construction | $6,841,793 |
Grants received · $71.2M total
423 grants to Wellesley College totaling $71.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Bessemer Giving Fund | Scholarship fund | 2024 | $821,043 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $605,950 |
| American Endowment Foundation | Educational | 2024 | $549,528 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $468,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $425,000 |
| Ayco Charitable Foundation | Education | 2024 | $382,000 |
| The Mastercard Foundation | Youth learning | 2024 | $148,214 |
| Greater Kansas City Community Foundation | Education | 2024 | $132,000 |
| American Online Giving Foundation Inc | General support | 2024 | $119,216 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $103,600 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $100,000 |
| The Mastercard Foundation | Youth learning | 2024 | $73,001 |
| Greater Houston Community Foundation | Educational | 2024 | $57,250 |
| American Gift Fund | Operations | 2024 | $50,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $38,967 |
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Compare Wellesley College
Frequently asked questions
- Is Wellesley College a legitimate nonprofit?
- Yes. Wellesley College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103637, based in Wellesley, Massachusetts. Donations are tax-deductible.
- What is Wellesley College's EIN?
- Wellesley College's Employer Identification Number (EIN) is 04-2103637.
- How much revenue does Wellesley College report?
- Wellesley College reported $379,067,279 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wellesley College's spending goes to programs?
- Wellesley College spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wellesley College have?
- CharityIndex grades Wellesley College A, based on program efficiency and fundraising cost.
- How much does Wellesley College's highest-paid employee make?
- The highest reported compensation on Wellesley College's latest Form 990 is $1,266,732, paid to Deborah F Kuenstner (Chief Investment Officer).
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Data for Wellesley College (EIN 04-2103637) 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.