Franklin W Olin College Of Engineering Inc

Organization Overview

Franklin W Olin College Of Engineering Inc is located in Needham, MA. The organization was established in 1998. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Franklin W Olin College Of Engineering Inc employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin W Olin College Of Engineering Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Franklin W Olin College Of Engineering Inc generated $38.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $55.0m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HIGHLY SELECTIVE FOUR-YEAR UNDERGRADUATE ENGINEERING COLLEGE WITH A UNIQUE INTERDISCIPLINARY, PROJECT-BASED CURRICULUM EMPHASIZING ENTREPRENEURSHIP, LIBERAL ARTS, AND RIGOROUS SCIENCE AND ENGINEERING FUNDAMENTALS.

Describe the Organization's Program Activity:

FOUNDED IN 1997, FRANKLIN W. OLIN COLLEGE OF ENGINEERING, INC. (OLIN OR THE COLLEGE) IS A DIVERSIFIED, GENDER-BALANCED UNDERGRADUATE ENGINEERING INSTITUTION WITH A DUAL MISSION TO EDUCATE EXEMPLARY ENGINEERING INNOVATORS AND TO LEAD THE TRANSFORMATION OF ENGINEERING EDUCATION. THE COLLEGE HAS APPROXIMATELY 300 STUDENTS FROM AROUND THE WORLD AND HAS ATTRACTED OVER 900 APPLICANTS FOR THE FALL 2021 ENTERING CLASS. OLIN'S INNOVATIVE APPROACH TO ENGINEERING EDUCATION STRESSES PROJECT-BASED, INTERDISCIPLINARY LEARNING AND ENCOURAGES STUDENTS TO TAKE CONTROL OF THEIR OWN EDUCATION. OLIN STUDENTS LEARN 21ST CENTURY SKILLS AND PERSPECTIVES THROUGH AUTHENTIC ENGINEERING CHALLENGES AND ENTREPRENEURIAL EXPERIENCES. OLIN HAS FORGED ACTIVE PARTNERSHIPS WITH NEIGHBORING BABSON AND WELLESLEY COLLEGES AND HAS CO-DESIGNED TRANSFORMATIVE EDUCATIONAL EXPERIENCES WITH A BROAD RANGE OF COLLABORATORS FROM AROUND THE GLOBE. 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 COLLEGE'S EXTERNAL ENGAGEMENT IS AN EXPANDED EFFORT TO ACCELERATE THE TRANSFORMATION OF ENGINEERING EDUCATION: A NEXUS FOR THE DEVELOPMENT AND EXCHANGE OF EDUCATIONAL IDEAS AND APPROACHES TO CHANGE THE WAY ENGINEERING IS TAUGHT ACROSS THE WORLD. TODAY'S COMPLEX GLOBAL CHALLENGES - FROM SUSTAINABILITY TO CYBER SECURITY AND ERADICATION OF DISEASE - REQUIRE THE EDUCATION OF TECHNICAL INNOVATORS WHO ARE ABLE TO NAVIGATE POLITICAL, ECONOMIC AND CULTURAL BOUNDARIES. THE EXTERNAL ENGAGEMENT INITIATIVE HAS HAD A TREMENDOUS IMPACT IN A SHORT PERIOD OF TIME THROUGH A SERIES OF OUTREACH EFFORTS, INCLUDING VISITS FROM COLLEGES, UNIVERSITIES, HIGH SCHOOLS, AND POLICY AND BUSINESS LEADERS. ITS SUMMER INSTITUTE HAS HOSTED EDUCATORS SEEKING LEADERSHIP, INSPIRATION, AND HELP IN CHANGING THEIR OWN EDUCATIONAL PROGRAMS. DURING FY21, EXTERNAL ENGAGEMENT HOSTED 12 VIRTUAL SEMINARS THAT INVOLVED 250 PARTICIPANTS FROM 156 UNIQUE ORGANIZATIONS AND INSTITUTIONS FROM AROUND THE US AND THE GLOBE. IN ADDITION, 72 PEOPLE REGISTERED FOR THE 2021 VIRTUAL SUMMER INSTITUTE, FROM 8 INSTITUTIONS FROM THE U.S. AND 4 OTHER COUNTRIES. OLIN IS PLAYING A SIGNIFICANT ROLE IN THE MOVEMENT TO TRANSFORM EDUCATIONAL PRACTICE ACROSS THE GLOBE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Summit Rock Advisors
Investment Advisors & Mgmt
$2,540,485
Aramark Facilities Services
Facilities Mgmt Svcs
$2,341,148
North Country Roofing Llc
Building Contractors
$1,244,000
Babson College
Shared Administration
$620,540
Rebecca's Commissary Inc
Dining Services
$710,678
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,128,179
All other contributions, gifts, grants, and similar amounts not included above$3,147,687
Noncash contributions included in lines 1a–1f $50,065
Total Revenue from Contributions, Gifts, Grants & Similar$4,275,866
Total Program Service Revenue$18,500,256
Investment income $3,546,101
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $97,658
Net Gain/Loss on Asset Sales $11,093,787
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,091,225

Grants Awarded

Over the last fiscal year, Franklin W Olin College Of Engineering Inc has awarded $28,413 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF NEW HAVEN

Org PageRecipient Profile

West Haven, CT

PURPOSE: Research Workshop Support

$15,000

HUMAN RIGHTS INITIATIVE OF NORTH TEXAS INC

Org PageRecipient Profile

Dallas, TX

PURPOSE: General Program Support

$7,413

Hillsborough, CA

PURPOSE: Support construction of Brightbox ray projectors

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Franklin W Olin College Of Engineering Inc has recieved totaling $1,597,898.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: FUNDING FOR PERSONNEL AND EQUIPMENT FOR OLIN SATELLITE + SPECTRUM TECHNOLOGY & POLICY (OSSTP) GROUP AND THE OLIN COLLEGIATE AMATEUR RADIO CLUB (OCARC).

|

$671,878
Barr Foundation

Boston, MA

PURPOSE: CLIMATE: TO SUPPORT COMMUNITY-DRIVEN AIR POLLUTION REDUCTION IN ROXBURY

$405,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$175,448
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$103,850
Henry Luce Foundation Inc

New York, NY

PURPOSE: FRANKLIN W. OLIN COLLEGE OF ENGINEERING - 24 CBL UNDERGRADUATE STEM RESEARCH AWARDS

$64,000
Henry Luce Foundation Inc

New York, NY

PURPOSE: FRANKLIN W. OLIN COLLEGE OF ENGINEERING - 24 CBL UNDERGRADUATE STEM RESEARCH AWARDS

$64,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$369,736,884
Earnings$108,539,149
Net Contributions$638,709
Other Expense$12,660,133
Grants$10,617,386
Ending Balance$455,637,223

Peer Organizations

Organization NameAssets
Champlain College Inc
Burlington, VT
$119,718,125
Nazareth College Of Rochester
Rochester, NY
$122,635,159
Curry College
Milton, MA
$116,112,495
Cooper Union For The Advancement Of Science And Art
New York, NY
$135,635,048
Regis College
Weston, MA
$107,679,867
St Francis College
Brooklyn, NY
$89,705,791
Utica University
Utica, NY
$105,142,781
College Of Mount Saint Vincent
Riverdale, NY
$110,010,056
Manhattanville College
Purchase, NY
$90,666,523
Gordon College
Wenham, MA
$107,400,748
Franklin Pierce University
Rindge, NH
$91,004,046
Lasell University
Newton, MA
$85,290,352

Create an account to unlock the data you need.

or