Nonprofit · EIN 04-2103637
WELLESLEY COLLEGE
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $486,737,193 | $374,318,026 | $112,419,167 | $4,206,499,425 | $583,313,487 | $3,623,185,938 |
| June 30, 2024 | 990 | $379,067,279 | $361,700,590 | $17,366,689 | $3,899,240,908 | $601,833,309 | $3,297,407,599 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $98,926,717
- of which government grants
- $4,846,769
- Program service revenue
- $205,917,971
- Investment income
- $179,405,620
- Net gain from sales of assets
- $156,276,957
- Other revenue
- $2,486,885
Expenses
- Grants and similar amounts paid
- $79,030,421
- Compensation of officers, directors and key employees
- $5,037,569
- Other salaries and wages
- $109,348,341
- Salaries, compensation and benefits (total)
- $156,489,140
- Professional fundraising fees
- $0
- Legal fees
- $1,297,759
- Accounting fees
- $656,386
- Occupancy
- $7,354,077
- Travel
- $7,527,018
- Depreciation
- $33,091,117
- Program services (functional)
- $288,788,871
- Management and general (functional)
- $76,001,961
- Fundraising (functional)
- $9,527,194
Balance sheet and other
- Total assets, start of year
- $3,899,240,908
- Total assets, end of year
- $4,206,499,425
- Total liabilities, end of year
- $583,313,487
- Net assets, end of year
- $3,623,185,938
- Land, buildings and equipment
- $732,618,327
- Publicly traded securities
- $1,168,526,000
- Net assets without donor restrictions
- $1,103,606,000
- Net assets with donor restrictions
- $2,519,579,938
- Gross unrelated business income
- $11,396,743
- Gross receipts
- $625,057,236
- Employees
- 3,003
- Volunteers
- 0
- Year formed
- 1870
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Deborah F Kuenstner | Chief Investment Officer Officer | 60 | $1,797,310 | $66,527 |
| Paula A Johnson | President Trustee or director, Officer | 70 | $1,201,442 | $162,773 |
| Rose C Carpenter | Deputy CIO Highest-paid employee | 60 | $1,026,440 | $174,080 |
| Ray Oquendo | Chief Operating Officer Highest-paid employee | 60 | $957,910 | $70,057 |
| Matthew Veilleux | Investment Director Highest-paid employee | 60 | $508,384 | $81,343 |
| Piper Orton | VP for Fin. & Admin. & Treas. Officer | 60 | $476,000 | $48,070 |
| Karen Petrulakis | General Counsel Highest-paid employee | 60 | $441,570 | $69,251 |
| Christopher Parker | Investment Director Highest-paid employee | 60 | $404,265 | $93,490 |
| Andrew Shennan | Provost and Dean of College (Until 6/24) Former | 30 | $413,832 | $58,462 |
| Sheilah Horton | Dean of Students Key employee | 60 | $327,852 | $125,559 |
| Crystal Daugherty | VP for Development & Pub. Aff. (Until 10/24) Officer | 60 | $410,993 | $21,205 |
| Megan Nunez | Dean of Faculty Affairs Key employee | 60 | $277,921 | $123,972 |
| Michael Jeffries | Dean of Academic Aff. Key employee | 60 | $266,117 | $54,206 |
| Theresa Peaches Valdes | Dean of Admission & Stu. Fin. Svcs Key employee | 60 | $277,192 | $39,833 |
| Courtney Coile | Provost and Dean of College (As of 7/24) Officer | 60 | $247,415 | $26,098 |
35 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ann Velenchik | Former Dean of Academic Aff. Former | 60 | $213,590 | $32,662 |
| Marisa Jaffe | VP for Development & Pub. Aff. Officer | 60 | $216,788 | $22,651 |
| Anne Shen Chao | Trustee Trustee or director | 2 | $0 | $0 |
| Beth C Friedman | Trustee Trustee or director | 2 | $0 | $0 |
| Brian C Broderick | Trustee Trustee or director | 2 | $0 | $0 |
| Callie Crossley | Trustee Trustee or director | 2 | $0 | $0 |
| Cheryl Jenkins Haywood | Trustee Trustee or director | 2 | $0 | $0 |
| Christopher T Pasko | Vice Chair Trustee or director | 2 | $0 | $0 |
| Debora Hoyos | Chair Trustee or director | 12 | $0 | $0 |
| Dena Boronkay Rashes | Trustee (As of 7/24) Trustee or director | 2 | $0 | $0 |
| Dolores L Arredondo | Trustee Trustee or director | 2 | $0 | $0 |
| Douglas W Hollett | Trustee Trustee or director | 2 | $0 | $0 |
| Elizabeth Desmond | Trustee Trustee or director | 2 | $0 | $0 |
| Elizabeth F McCormack | Trustee Trustee or director | 2 | $0 | $0 |
| Elyse Cherry | Trustee Trustee or director | 2 | $0 | $0 |
| Jennifer Eplett Reilly | Trustee (As of 7/24) Trustee or director | 2 | $0 | $0 |
| Jennifer M Smith | Trustee Trustee or director | 2 | $0 | $0 |
| Julie H Jones | Trustee Trustee or director | 2 | $0 | $0 |
| Maia Heymann | Trustee Trustee or director | 2 | $0 | $0 |
| Martha Goldberg Aronson | Trustee Trustee or director | 2 | $0 | $0 |
| Mary Ann Tsao | Trustee Trustee or director | 2 | $0 | $0 |
| Ophelia Dahl | Trustee Trustee or director | 2 | $0 | $0 |
| Patrick Lee | Trustee Trustee or director | 2 | $0 | $0 |
| Paulina Ponce de Len Barid | Trustee Trustee or director | 2 | $0 | $0 |
| Peter Tufano | Trustee Trustee or director | 2 | $0 | $0 |
| Sandra Horbach | Trustee Trustee or director | 2 | $0 | $0 |
| Sarah Jane Gunter | Vice Chair Trustee or director | 10 | $0 | $0 |
| Sophia Shaw | Trustee Trustee or director | 2 | $0 | $0 |
| Stephanie Hsieh | Trustee (As of 7/24) Trustee or director | 2 | $0 | $0 |
| Susan Harmon | Trustee (As of 7/24) Trustee or director | 2 | $0 | $0 |
| Susan Koenigsberg Lucas | Trustee Trustee or director | 2 | $0 | $0 |
| Susan Saltzbart Kilsby | Trustee Trustee or director | 2 | $0 | $0 |
| Suzanne Frey | Trustee Trustee or director | 2 | $0 | $0 |
| Tatiana Ivy Moise | Trustee Trustee or director | 2 | $0 | $0 |
| Vivian Kao | Trustee Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH F KUENSTNER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,266,732 | $66,234 |
| ROSE C CARPENTER | DEPUTY CIO Highest-paid employee | 60 | $987,484 | $64,120 |
| RAY OQUENDO | CHIEF OPERATING OFFICER Highest-paid employee | 60 | $922,211 | $65,441 |
| PAULA A JOHNSON | PRESIDENT Trustee or director, Officer | 60 | $770,895 | $157,945 |
| MATTHEW VEILLEUX | INVESTMENT DIRECTOR Highest-paid employee | 60 | $484,317 | $36,474 |
| KAREN PETRULAKIS | GENERAL COUNSEL Highest-paid employee | 60 | $447,662 | $65,235 |
| PIPER ORTON | VP FOR FIN. & ADMIN. & TREAS. Officer | 60 | $444,647 | $48,611 |
| ANDREW SHENNAN | PROVOST AND DEAN OF COLLEGE Officer | 60 | $388,244 | $58,806 |
| SHEILAH HORTON | DEAN OF STUDENTS Key employee | 60 | $311,570 | $124,221 |
| DAVE CHAKRABORTY | ASST VP FACILITIES MGMT Highest-paid employee | 60 | $302,559 | $32,937 |
| MEGAN NUNEZ | DEAN OF FACULTY AFFAIRS Key employee | 60 | $252,506 | $51,579 |
| MICHAEL JEFFRIES | DEAN OF ACADEMIC AFF. Key employee | 60 | $242,687 | $49,153 |
| THERESA PEACHES VALDES | DEAN OF ADMISSION & STU. FIN. SVCS Key employee | 60 | $267,176 | $19,882 |
| CRYSTAL DAUGHERTY - VP FOR | DEVELOPMENT & PUB AFF (AS OF 4/23) Officer | 60 | $278,622 | $730 |
| ANN VELENCHIK | FORMER DEAN OF ACADEMIC AFF. Former | 60 | $211,867 | $47,039 |
| DEBORA DE HOYOS | CHAIR Trustee or director | 12 | $0 | $0 |
| CHRISTOPHER T PASKO | VICE CHAIR Trustee or director | 10 | $0 | $0 |
| TODD ABBRECHT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARTHA GOLDBERG ARONSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOLORES L ARREDONDO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRIAN C BRODERICK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURA WOOD CANTOPHER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANNE SHEN CHAO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELYSE CHERRY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CALLIE CROSSLEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| OPHELIA DAHL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH DESMOND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUZANNE FREY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BETH C FRIEDMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SARAH JANE GUNTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHERYL HAYWOOD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MAIA HEYMANN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOUGLAS W HOLLETT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SANDRA HORBACH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIE H JONES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VIVIAN KAO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUSAN SALTZBART KILSBY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PATRICK LEE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUSAN KOENIGSBERG LUCAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH F MCCORMACK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TATIANA IVY MOISE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAULINA PONCE DE LEON BARIDO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SOPHIA SHAW | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JENNIFER M SMITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GRACE Y TOH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARY ANN WAI SHENG TSAO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER TUFANO | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 106 CENTRAL ST, WELLESLEY, MA 02481-8203
- In care of
- % PIPER ORTON
- Principal officer (990 for 2024)
- PAULA A JOHNSON, 106 CENTRAL STREET, WELLESLEY, MA 024818203
- Signed the 990
- PAULA A JOHNSON, President
- Phone
- (781) 283-1000
- Website
- WWW.WELLESLEY.EDU
- Return prepared by
- KPMG LLP
Mission
TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD.
Program accomplishments
- OUTSTANDING EDUCATION: WELLESLEY COLLEGE IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. WELLESLEY OFFERS MORE THAN 50 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS TO APPROXIMATELY 2,300 STUDENTS. THE AVERAGE CLASS SIZE IS 17 TO 20 STUDENTS WITH A 7:1 STUDENT- FACULTY RATIO.Expenses $194,040,763 · revenue $205,557,903
- WELLELSEY COLLEGE HAS A 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 FUNDING AND AFFORDABILITY. APPROXIMATELY 60% OF THE STUDENT BODY RECEIVES FINANCIAL AID.Expenses $82,814,658 · grants $79,030,421
- 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.Expenses $11,933,450 · revenue $347,568
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2103637
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $4,206,499,425
- Income (IRS master file)
- $625,057,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $486,737,193 | $374,318,026 | $4,206,499,425 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $379,067,279 | $361,700,590 | $3,899,240,908 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $385,569,831 | $340,731,004 | $3,757,832,303 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $474,840,630 | $347,192,022 | $3,730,562,132 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103637).
Questions about WELLESLEY COLLEGE
- What is the EIN of WELLESLEY COLLEGE?
- The employer identification number (EIN) of WELLESLEY COLLEGE is 04-2103637.
- Is WELLESLEY COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to WELLESLEY COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLESLEY COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELLESLEY COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLESLEY COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WELLESLEY COLLEGE?
- The 990 for the year ended June 30, 2025 names PAULA A JOHNSON.
- Who are the officers and directors of WELLESLEY COLLEGE?
- The 990 for the year ended June 30, 2025 lists 50 people; 17 received compensation from the organization, the highest $1,797,310 (Deborah F Kuenstner, Chief Investment Officer).
- How much revenue does WELLESLEY COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $486,737,193, expenses of $374,318,026 and total assets of $4,206,499,425 at year end.
Other nonprofits in WELLESLEY
- DANA HALL SCHOOLS EIN 04-2103562 · last filed 990 for 2025
- TENACRE COUNTRY DAY SCHOOL CORPORATION EIN 04-2506944 · last filed 990 for 2025
- AVEDISIAN 575 FOUNDATION INC EIN 85-4149364 · last filed 990 for 2024
- WELLESLEY STUDENTS AID SOCIETY INC EIN 04-2152598 · last filed 990 for 2025
- MANNHEIM FAMILY FOUNDATION INC EIN 84-2802940 · last filed 990-PF for 2024
- READ TO A CHILD INC EIN 20-3526239 · last filed 990 for 2025
- WELLESLEY MONTESSORI SCHOOL INC EIN 04-2547266 · last filed 990 for 2025
- WELLESLEY FREE LIBRARY FOUNDATION INC EIN 26-3194155 · last filed 990 for 2025