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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star Rating)
Franklin W Olin College Of Engineering Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an impressive accountability and finance score of 96%. This high rating is a testament to its transparent financial practices and effective governance, with 93% of its board members being independent, demonstrating a commitment to ethical oversight.
The college excels in financial management, evidenced by its solid program expense ratio of 77.34%, indicating that a significant portion of its funds is directed towards its educational programs. Additionally, the organization has established robust policies, including a conflict of interest policy and a whistleblower policy, both of which contribute to maintaining high ethical standards. The absence of material diversions of assets further strengthens its reputation for integrity.
While the overall rating highlights the college's financial health and governance, the summary does not provide insight into the direct impact of its programs or the experiences of its students and stakeholders. Overall, the financial and governance metrics are commendable, but further information on program effectiveness could enhance the understanding of the college's contributions to engineering education.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,390,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,658,160
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
What is the revenue of Franklin W Olin College Of Engineering Inc?
Franklin W Olin College Of Engineering Inc's revenue in 2024 was $38,962,247.
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 2024 was $39,465. There are 432 employees and 156 volunteers at Franklin W Olin College Of Engineering Inc.
Here are 33 key members and their salaries:
- Compensation: $788,904
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- Other: $54,290
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- Compensation: $336,592
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- Compensation: $279,483
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- Other: $54,909
- Compensation: $215,548
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- Compensation: $217,743
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- Other: $16,884
- Compensation: $180,588
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- Compensation: $141,645
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- Compensation: $66,787
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- Compensation: $195,468
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- Other: $46,294
- Compensation: $200,223
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- Other: $54,980
- Compensation: $191,366
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- Other: $29,157
- Compensation: $181,532
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- Other: $51,485
- Compensation: $180,236
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- Other: $46,670
- Compensation: $182,399
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- Other: $44,271
- Compensation: $105,809
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- Other: $26,271
- Compensation: $210,693
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- Other: $18,806
- Compensation: $122,342
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- Other: $34,541
Official website here: www.olin.edu
Where can I find the form 990 for Franklin W Olin College Of Engineering Inc?
Franklin W Olin College Of Engineering Inc's most recent form 990 was submitted in 2024 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.
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Impact
October, 2024
Franklin W. Olin College of Engineering has made a significant impact on the landscape of engineering education. Founded in 1997, it has established itself as a highly selective institution devoted to transforming how engineering is taught and practiced. With a focus on project-based, interdisciplinary learning, Olin equips its students with the skills and knowledge to address real-world challenges effectively.
The college has developed a distinctive curriculum that emphasizes entrepreneurship alongside the rigorous fundamentals of science and engineering, fostering an environment where innovation flourishes. This unique approach enables students to engage deeply with their education, working collaboratively on projects that not only enhance their technical skills but also encourage them to think critically about the societal implications of their work.
Olin's commitment to making engineering education accessible is evident in its financial support for students, as every admitted student receives a half-tuition merit scholarship throughout their four-year program. This initiative helps to alleviate the financial burden on students and encourages a diverse range of applicants from various backgrounds.
With approximately 356 students enrolled from around the globe, Olin has cultivated a dynamic community that reflects a rich tapestry of perspectives and ideas. The impressive applicant pool demonstrates the growing interest in Olin's innovative educational model.
The institution's mission centers on preparing students to become exemplary engineering innovators who not only recognize the needs of society but actively engage in designing creative solutions for the greater good. Through its focus on continuous discovery and the development of effective learning environments, Olin contributes to the broader discourse on educational transformation in engineering, collaborating with partners worldwide to reshape the future of the field.
Overall, Olin College's impact extends beyond its campus, influencing engineering education practices globally and inspiring future generations of engineers to contribute positively to the world.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,908,053
- Program Service Revenue: $28,573,606
- Gross Receipts: $44,656,122
Assets and Liabilities:
- Total Assets: $496,793,977
- Total Liabilities: $171,047,227
- Net Assets: $325,746,750
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$27,920,606
EXTERNAL ENGAGEMENT REVENUE
Revenue
$653,000
Organization Details
Founding Year
1997
Principal Officer
Gilda Barabino
Website
www.olin.eduNTEE Category
Code: B420 - Education
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