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Franklin W Olin College Of Engineering Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061519057 ✦ Needham, MA ✦ Designated as a 501(c)(3)

Overview

What is Franklin W Olin College Of Engineering Inc?

Franklin W. Olin College of Engineering Inc, located in Needham, Massachusetts, is an innovative undergraduate engineering institution with a mission to revolutionize engineering education. Founded in 1997, it currently enrolls around 356 global students and received over 860 applications for the fall 2022 entering class. Olin's unique approach emphasizes project-based, interdisciplinary learning, focusing on the real-world impact of engineering and fostering a passion for serving people and the planet. The College boasts an accredited curriculum with three degree programs, offering every admitted student a merit scholarship and attracting the attention of the New England Commission of Higher Education and ABET. With a team of 407 employees, Olin is dedicated to transforming engineering education and co-developing educational innovation with partners worldwide.


Official website here: www.olin.edu

Is Franklin W Olin College Of Engineering Inc legitimate?

Franklin W Olin College Of Engineering Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin W Olin College Of Engineering Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,487,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,760,821

For more financial information, click here


Official website here: www.olin.edu

What is the mission statement of Franklin W Olin College Of Engineering Inc?

Franklin W Olin College of Engineering is a selective undergraduate institution known for its interdisciplinary, project-based curriculum that combines a strong foundation in science and engineering with an emphasis on entrepreneurship and liberal arts. The mission of the college is to develop engineering innovators who identify needs, create solutions, and engage in innovative enterprises for the betterment of the world. Olin is committed to discovering and refining effective learning methods and collaborating with global partners to transform education.


Official website here: www.olin.edu

Who is the CEO of Franklin W Olin College Of Engineering Inc?

Gilda Barabino is the Trustee(Ex-Officio)/President of Franklin W Olin College Of Engineering Inc.


Official website here: www.olin.edu

What is the revenue of Franklin W Olin College Of Engineering Inc?

Franklin W Olin College Of Engineering Inc's revenue in 2022 was $40,612,767.


Official website here: www.olin.edu

Who are the executives of Franklin W Olin College Of Engineering Inc and what are their salaries?

The average compensation at Franklin W Olin College Of Engineering Inc during 2022 was $35,009. There are 407 employees and 190 volunteers at Franklin W Olin College Of Engineering Inc.

Here are 36 key members and their salaries:

    Gilda Barabino (Trustee(Ex-Officio)/President)
  • Compensation: $719,564
  • Related: $0
  • Other: $38,218

    • Mark Somerville (Provost)
  • Compensation: $295,257
  • Related: $0
  • Other: $52,947

    • Richard K Miller (President Emeritus(Since July 2020))
  • Compensation: $256,548
  • Related: $0
  • Other: $22,993

    • Patricia Gallagher (Vp For Fa & Cfo & Treasurer- Until Nov 2021)
  • Compensation: $233,102
  • Related: $0
  • Other: $41,745

    • Alisha Sarang-Sieminski (Dean Of The College (Since June 2021))
  • Compensation: $202,084
  • Related: $0
  • Other: $40,747

    • Jeremy Goodman (Vp For Administration Services And Innovation)
  • Compensation: $196,800
  • Related: $0
  • Other: $41,623

    • Anne-Marie Dorning (Vp Of Marketing And Communication)
  • Compensation: $192,235
  • Related: $0
  • Other: $42,100

    • Beth Kramer (Vice President For Advancement (Until July 2021))
  • Compensation: $221,851
  • Related: $0
  • Other: $12,234

    • Lauren Taaffe (Vice President & Chief Of Staff)
  • Compensation: $205,768
  • Related: $0
  • Other: $13,738

    • Emily Roper-Doten (Dean Of Admission And Financial Aid)
  • Compensation: $173,785
  • Related: $0
  • Other: $40,592

    • Jessica Townsend (Interim Academic Vp External Eng-Until Sept 2021)
  • Compensation: $171,402
  • Related: $0
  • Other: $39,734

    • Richard Osterberg (Chief Information Officer)
  • Compensation: $181,998
  • Related: $0
  • Other: $25,414

    • Jonathan Stolk (Professor)
  • Compensation: $161,256
  • Related: $0
  • Other: $37,449

    • Charles Jason Woodard (Dean Of External Programs And Partnerships)
  • Compensation: $156,307
  • Related: $0
  • Other: $37,672

    • Rae-Anne Butera (Dean Of Student Affairs (Until May 2021))
  • Compensation: $148,282
  • Related: $0
  • Other: $39,234

    • David Barrett (Professor)
  • Compensation: $159,001
  • Related: $0
  • Other: $15,254

    • Caitrin Lynch (Dean Of Faculty)
  • Compensation: $163,486
  • Related: $0
  • Other: $10,745

    • Donna Golemme (Vp For Finance & Administration (Since Dec 2021))
  • Compensation: $17,885
  • Related: $0
  • Other: $0

    • Kenneth R Stokes (Chair (Until Oct 2021)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Wyse (Vice Chair (Until Oct 2021) Chair (Since Oct 2021)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Marra (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maia Bitner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chee Chew (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael A Coleman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeannie Diefenderfer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Edwards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherwin Greenblatt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Herring (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Milne Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Venky Narayanamurti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William B Norden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn Pasquerella (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Plummer (Trustee (Until Oct 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard T Roca (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nina Saberi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.olin.edu

    Where can I find the form 990 for Franklin W Olin College Of Engineering Inc?

    The Franklin W Olin College Of Engineering Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.olin.edu

    Learn more at the official website: www.olin.edu

    Mission Statement of Franklin W Olin College Of Engineering Inc

    Franklin W Olin College of Engineering, a highly selective undergraduate institution, is dedicated to preparing students to become innovative engineering problem-solvers. With a unique interdisciplinary curriculum, the college emphasizes entrepreneurship, a strong foundation in science and engineering fundamentals, and a liberal arts education. Olin College strives to equip students with the skills to identify needs, design solutions, and engage in creative enterprises for the betterment of the world. The institution is committed to continuous discovery and development of effective learning approaches and environments, collaborating with educational partners around the globe to co-create educational transformation.

    Impact

    This information is meant to be a general summary of Franklin W Olin College Of Engineering Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Franklin W. Olin College of Engineering Inc, a highly selective four-year undergraduate engineering college, has a significant impact on the field of engineering education. Founded in 1997, Olin College has a unique interdisciplinary, project-based curriculum that emphasizes entrepreneurship, liberal arts, and rigorous science and engineering fundamentals.

    The college's innovative approach to engineering education focuses on helping engineers understand the real-world impact of their work and develop skills to tackle important global challenges. Olin College's mission is to transform engineering education towards a world where engineering benefits everyone.

    With approximately 356 students from around the world and attracting a substantial number of applicants, Olin College offers all admitted students an eight-semester half tuition merit scholarship over four years. The college is accredited by the New England Commission of Higher Education and its three degree programs are accredited by ABET.

    By preparing students to become exemplary engineering innovators who design solutions for the betterment of society and the planet, Franklin W. Olin College of Engineering Inc is shaping the future of engineering and promoting a culture of service and sustainable development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,139,725
  • Program Service Revenue: $26,653,518
  • Gross Receipts: $91,071,997

    • Assets and Liabilities:
  • Total Assets: $496,793,977
  • Total Liabilities: $171,047,227
  • Net Assets: $325,746,750
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Student tuition and fees

    Revenue

    $26,278,914

    External engagement revenue

    Revenue

    $374,604

    Organization Details

    Founding Year

    1997

    Principal Officer

    Gilda Barabino

    Main Address

    1000 Olin way, Needham, MA, 024921200

    NTEE Category

    Code: B42 - Education

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