EIN 06-1519057

Olin College of Engineering

IRS 501(c) type
501(c)(3)
Num. employees
407
Year formed
1997
Most recent tax filings
2022-06-01
Description
Olin College of Engineering is a private undergraduate engineering college in Needham, Massachusetts noted for its youth, small size, project-based curriculum, and large endowment funded primarily by the F. W. Olin Foundation.
Also known as...
Franklin W Olin College of Engineering
Total revenues
$40,612,767
2022
Total expenses
$57,804,167
2022
Total assets
$496,793,977
2022
Num. employees
407
2022

Program areas at Olin College of Engineering

Founded in 1997, Franklin W. Olin College of Engineering, Inc. (Olin or the College) is an undergraduate engineering institution with a mission to transform engineering education toward a world in which engineering serves everyone. The College has approximately 356 students from around the world and has attracted 863 applicants for the fall 2022 entering class. Olin's innovative approach to engineering education stresses project-based, interdisciplinary learning and focuses on helping engineers understand the real-world impact of their work, as well as develop skills to tackle the world's most important problems, and be passionate about serving people, society, and the planet. Every admitted student receives an eight semester half tuition merit scholarship over four years. The College is accredited by the New England Commission of Higher Education (formerly a part of New England Association of Schools and Colleges) and the College's three degree programs are accredited by ABET, the accrediting organization for engineering programs.
Olin is committed to advancing a vision of Engineering for Everyone through impact-centered education, which focuses not only on preparing students to have impact but also on engaging students in creating authentic impact and in making the world a better place. As part of this strategy, Olin engages in collaborative activities with industry partners, community organizations, and academic institutions around the world (including neighboring Babson and Wellesley Colleges). Olin's externally facing programs include faculty development workshops, educational consulting services, and lifelong learning experiences for alumni and engineering professionals. Through these programs and partnerships, Olin fulfills its aspiration to be an important and constant contributor to the advancement of engineering education and to do good for humankind.

Grants made by Olin College of Engineering

GranteeGrant descriptionAmount
Massachusetts Institute of Technology (MIT)Donation To Mit (Prof. John H. Lienhard V) for Their Share of the Bureau of Reclamation's More Water Less Concentrate Challenge Prize.$20,000

Who funds Olin College of Engineering

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$338,800
American Online Giving FoundationGeneral Support$175,448
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$118,519
...and 29 more grants received totalling $1,089,087
Federal funding details
Federal agencyProgram nameAmount
Department of Homeland SecurityCOVID-19 FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) PUBLIC ASSISTANCE (PA) PROGRAM$483,044
Department of EducationFEDERAL DIRECT STUDENT LOANS PROGRAM$480,372
Department of EducationFEDERAL PELL GRANT PROGRAM$242,749
...and 21 more federal grants / contracts

Personnel at Olin College of Engineering

NameTitleCompensation
Richard OsterbergChief Information Officer$181,998
Lauren TaaffeVice President and Chief of Staff / Associate Vice President for Strategic Initiatives / Associate Vice President Development , Family and Alumni Relations$205,768
Donna GolemmeVice President for Finance and Administration$17,885
Patricia GallagherVice President for Financial Affair and Chief Financial Officer and Treasurer / Vice President for Fa and Chief Financial Officer and Treasurer / Vice President for Financial Affairs and Chief Financial Officer and Treasurer / Vice President Financial Affairs and Chief Financial Officer and Treasurer / Vice President for Finance Affairs and Chief Financial Officer and Treasurer / Vice President for Financial Affairs and Chief Financial Officer / Associate Vice President for Financial Affiars$233,102
Anne-Marie DorningVice President of Marketing and Communications / Associate Vice President Marketing and Comm , Former Interim Chief Marketing Officer$192,235
...and 26 more key personnel

Financials for Olin College of Engineering

RevenuesFYE 06/2022
Total grants, contributions, etc.$5,059,084
Program services$26,653,518
Investment income and dividends$3,629,851
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$155,049
Net gain from sale of non-inventory assets$4,509,874
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$605,391
Total revenues$40,612,767

Form 990s for Olin College of Engineering

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-21990View PDF
2020-062021-05-11990View PDF
2019-062020-09-29990View PDF
2018-062019-11-04990View PDF
2017-062018-06-14990View PDF
...and 7 more Form 990s
Data update history
July 13, 2023
Used new vendors
Identified 4 new vendors, including , , , and
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 3 new personnel
May 24, 2023
Updated personnel
Identified 4 new personnel
May 13, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
Political advocacyLobbyingOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
1000 Olin Way
Needham, MA 02492
Metro area
Boston-Cambridge-Newton, MA-NH
County
Norfolk County, MA
Website URL
olin.edu/ 
Phone
(781) 292-2300
Facebook page
FWOlinCollege 
Twitter profile
@olincollege 
IRS details
EIN
06-1519057
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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