Nonprofit · EIN 93-0386908
REED INSTITUTE
Also known as REED COLLEGE
Tax-exempt · PORTLAND, OR 97202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $234,628,051 | $165,205,645 | $69,422,406 | $1,218,420,100 | $187,186,631 | $1,031,233,469 |
| June 30, 2024 | 990 | $204,695,513 | $158,238,547 | $46,456,966 | $1,135,702,740 | $180,387,429 | $955,315,311 |
| June 30, 2023 | 990 | $150,353,460 | $152,129,700 | -$1,776,240 | $1,040,957,477 | $177,665,295 | $863,292,182 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $28,522,133
- of which government grants
- $3,359,264
- Program service revenue
- $115,084,344
- Investment income
- $91,184,922
- Net rental income
- -$163,348
- Net gain from sales of assets
- $89,553,019
- Other revenue
- -$163,348
Expenses
- Grants and similar amounts paid
- $41,260,781
- Compensation of officers, directors and key employees
- $3,590,853
- Other salaries and wages
- $50,286,469
- Salaries, compensation and benefits (total)
- $72,156,475
- Professional fundraising fees
- $284,086
- Legal fees
- $523,347
- Accounting fees
- $210,684
- Occupancy
- $3,305,154
- Travel
- $2,919,017
- Depreciation
- $8,897,010
- Program services (functional)
- $150,430,855
- Management and general (functional)
- $9,118,979
- Fundraising (functional)
- $5,655,811
Balance sheet and other
- Total assets, start of year
- $1,135,702,740
- Total assets, end of year
- $1,218,420,100
- Total liabilities, end of year
- $187,186,631
- Net assets, end of year
- $1,031,233,469
- Land, buildings and equipment
- $187,421,700
- Publicly traded securities
- $144,995,104
- Net assets without donor restrictions
- $538,448,967
- Net assets with donor restrictions
- $492,784,502
- Gross unrelated business income
- $12,217,613
- Gross receipts
- $398,086,791
- Employees
- 1,703
- Volunteers
- 595
- Year formed
- 1908
- State of legal domicile
- OR
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 |
|---|---|---|---|---|
| Audrey Bilger | President Trustee or director, Officer | 40 | $785,892 | $53,807 |
| Erik Bernhardt | Chief Investment Officer Key employee | 40 | $470,727 | $59,539 |
| Lynn Valenter | Vice President of Finance and Treasurer Officer | 40 | $384,852 | $53,807 |
| Kathryn Oleson | Dean of the Faculty Officer | 40 | $260,978 | $48,371 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid Officer | 40 | $253,378 | $50,640 |
| Hugh Porter | Vice President for College Relations and Planning (through 6/30/24) Officer | 40 | $265,733 | $36,926 |
| Andrew Lonergan | Director of Investments Highest-paid employee | 40 | $251,314 | $42,566 |
| Valerie Moreno | Chief Information & Security Officer Highest-paid employee | 40 | $242,629 | $43,256 |
| Karnell McConnell-Black | Vice President for Student Life Officer | 40 | $239,473 | $34,602 |
| Phyllis Esposito | Vice President and Dean for Institutional Diversity Officer | 40 | $213,045 | $40,612 |
| Sheena McFarland | Executive Director Public Affairs & Communications Highest-paid employee | 40 | $204,942 | $39,472 |
| Sarah Panetta | Executive Director of Advancement Highest-paid employee | 40 | $207,603 | $33,776 |
| Robert Tust | Associate Treasurer and Controller Highest-paid employee | 40 | $206,685 | $34,601 |
| Hieu Nguyen | Vice President for Advancement and College Relations (from 7/1/24) Officer | 40 | $182,086 | $12,540 |
| M Jane Buchan | Trustee Trustee or director | 1 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie JL Cheng '84 | Trustee Trustee or director | 1 | $0 |
| Laurence 'Larry' Abramson '80 | Trustee Trustee or director | 1 | $0 |
| Julia P Adams '80 | Trustee Trustee or director | 1 | $0 |
| Lizbeth A Adams '79 | Trustee (from 4/2025) Trustee or director | 1 | $0 |
| Alea Adigweme '06 | Trustee Trustee or director | 1 | $0 |
| Konrad S Alt '81 | Trustee (through 4/2025) Trustee or director | 1 | $0 |
| Michael S Axley '89 | Trustee (through 4/2025) Trustee or director | 1 | $0 |
| Carla J Beam '76 | Trustee Trustee or director | 1 | $0 |
| Peter J Bragdon | Trustee Trustee or director | 1 | $0 |
| Thomas O Daniel | Trustee-Vice Chair Trustee or director, Officer | 1 | $0 |
| Kurt D Delbene | Trustee (from 4/2025) Trustee or director | 1 | $0 |
| Nicholas G Galakatos '79 | Trustee Trustee or director | 1 | $0 |
| Edward 'Ned' Hall '87 | Trustee Trustee or director | 1 | $0 |
| George M James '77 | Trustee Trustee or director | 1 | $0 |
| Deborah D Kamali '85 | Trustee-Chair Trustee or director, Officer | 1 | $0 |
| Amy M Madigan | Trustee Trustee or director | 1 | $0 |
| Alex J Martinez '73 | Trustee Trustee or director | 1 | $0 |
| Winthrop 'Win' McCormack | Trustee Trustee or director | 1 | $0 |
| Margaret Hill Noto '75 | Trustee Trustee or director | 1 | $0 |
| Eduardo M Ochoa '73 | Trustee Trustee or director | 1 | $0 |
| Ritankar 'Ronti' Pal '93 | Trustee Trustee or director | 1 | $0 |
| Darlene D Pasieczny '01 | Trustee-Secretary Trustee or director, Officer | 1 | $0 |
| Roger M Perlmutter '73 | Trustee Trustee or director | 1 | $0 |
| John P Sheehy '82 | Trustee Trustee or director | 1 | $0 |
| Tina Sohaili-Korbonits '07 | Trustee Trustee or director | 1 | $0 |
| Susan Sokol Blosser '86 | Trustee Trustee or director | 1 | $0 |
| Alice Larkin Steiner '74 | Trustee (through 4/2025) Trustee or director | 1 | $0 |
| Peter C Stockman '77 | Trustee Trustee or director | 1 | $0 |
| Richard 'Rick' H Wollenberg '75 | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Audrey Bilger | President Trustee or director, Officer | 40 | $670,868 | $51,478 |
| Erik Bernhardt | Chief Investment Officer Key employee | 40 | $431,048 | $56,936 |
| Hugh Porter | Vice President for College Relations and Planning Officer | 40 | $416,077 | $54,603 |
| Lynn Valenter | Vice President of Finance and Treasurer Officer | 40 | $368,557 | $51,483 |
| Kathryn Oleson | Dean of the Faculty Officer | 40 | $249,710 | $46,221 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid Officer | 40 | $242,477 | $47,953 |
| Valerie Moreno | Chief Information & Security Officer Highest-paid employee | 40 | $235,608 | $41,729 |
| Andrew Lonergan | Director of Investments Highest-paid employee | 40 | $230,980 | $41,071 |
| Karnell McConnell-Black | Vice President for Student Life Officer | 40 | $226,879 | $32,877 |
| Phyllis Esposito | Vice President and Dean for Institutional Diversity Officer | 40 | $206,975 | $39,180 |
| Robert Tust | Associate Treasurer and Controller Highest-paid employee | 40 | $201,741 | $41,473 |
| Sheena McFarland | Executive Director Public Affairs & Communications Highest-paid employee | 40 | $206,667 | $34,991 |
| Sarah Panetta | Executive Director of Advancement Highest-paid employee | 40 | $202,770 | $34,060 |
| Laurence 'Larry' Abramson '80 | Trustee Trustee or director | 1 | $0 | $0 |
| Julia P Adams '80 | Trustee Trustee or director | 1 | $0 | $0 |
| Alea Adigweme '06 | Trustee Trustee or director | 1 | $0 | $0 |
| Konrad S Alt '81 | Trustee Trustee or director | 1 | $0 | $0 |
| Michael S Axley '89 | Trustee Trustee or director | 1 | $0 | $0 |
| Carla J Beam '76 | Trustee Trustee or director | 1 | $0 | $0 |
| Peter J Bragdon | Trustee Trustee or director | 1 | $0 | $0 |
| M Jane Buchan | Trustee Trustee or director | 1 | $0 | $0 |
| Julie JL Cheng '84 | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas O Daniel | Trustee Trustee or director | 1 | $0 | $0 |
| Nicholas G Galakatos '79 | Trustee Trustee or director | 1 | $0 | $0 |
| Edward 'Ned' Hall '87 | Trustee Trustee or director | 1 | $0 | $0 |
| Linda G Howard '70 | Trustee Trustee or director | 1 | $0 | $0 |
| George M James '77 | Trustee Trustee or director | 1 | $0 | $0 |
| Deborah D Kamali '85 | Trustee Trustee or director | 1 | $0 | $0 |
| Amy M Madigan | Trustee Trustee or director | 1 | $0 | $0 |
| Alex J Martinez '73 | Trustee Trustee or director | 1 | $0 | $0 |
| Winthrop 'Win' McCormack | Trustee Trustee or director | 1 | $0 | $0 |
| Margaret Hill Noto '75 | Trustee-Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Eduardo M Ochoa '73 | Trustee Trustee or director | 1 | $0 | $0 |
| Ritankar 'Ronti' Pal '93 | Trustee Trustee or director | 1 | $0 | $0 |
| Darlene D Pasieczny '01 | Trustee Trustee or director | 1 | $0 | $0 |
| Roger M Perlmutter '73 | Trustee-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Gary Rieschel '79 | Trustee Trustee or director | 1 | $0 | $0 |
| Lisa Saldana '94 | Trustee Trustee or director | 1 | $0 | $0 |
| John P Sheehy '82 | Trustee Trustee or director | 1 | $0 | $0 |
| Tina Sohaili-Korbonits '07 | Trustee Trustee or director | 1 | $0 | $0 |
| Susan Sokol Blosser '86 | Trustee Trustee or director | 1 | $0 | $0 |
| Alice Larkin Steiner '74 | Trustee Trustee or director | 1 | $0 | $0 |
| Peter C Stockman '77 | Trustee Trustee or director | 1 | $0 | $0 |
| Richard 'Rick' H Wollenberg '75 | Trustee-Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Audrey Bilger | President Trustee or director, Officer | 40 | $588,465 | $48,161 |
| Hugh Porter | Vice President for College Relations and Planning Officer | 40 | $393,170 | $51,090 |
| Erik Bernhardt | Chief Investment Officer Key employee | 40 | $390,594 | $53,344 |
| Lynn Valenter | Vice President of Finance and Treasurer Officer | 40 | $348,223 | $48,161 |
| Amanda Heaton | Executive Director of Public Affairs (through 6/30/22) Highest-paid employee | 40 | $339,238 | $20,310 |
| Kathryn Oleson | Dean of the Faculty Officer | 40 | $232,559 | $43,493 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid Officer | 40 | $226,996 | $45,287 |
| Andrew Lonergan | Director of Investments Highest-paid employee | 40 | $208,694 | $38,852 |
| Karnell McConnell-Black | Vice President for Student Life Officer | 40 | $213,470 | $31,043 |
| Robert Tust | Associate Treasurer and Controller Highest-paid employee | 40 | $190,542 | $41,825 |
| Sarah Panetta | Executive Director of Advancement Highest-paid employee | 40 | $189,563 | $35,187 |
| Valerie Moreno | Chief Information & Security Officer Highest-paid employee | 40 | $182,951 | $32,165 |
| Phyllis Esposito | Vice President and Dean for Institutional Diversity Officer | 40 | $99,967 | $18,247 |
| Laurence Abramson '80 | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Julia P Adams '80 | Trustee Trustee or director | 1 | $0 | $0 |
| Konrad S Alt '81 | Trustee Trustee or director | 1 | $0 | $0 |
| Dr Michael S Axley '89 | Trustee Trustee or director | 1 | $0 | $0 |
| Carla J Beam '76 | Trustee Trustee or director | 1 | $0 | $0 |
| Peter J Bragdon | Trustee Trustee or director | 1 | $0 | $0 |
| M Jane Buchan | Trustee Trustee or director | 1 | $0 | $0 |
| Julie J L Cheng '84 | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas O Daniel MD | Trustee Trustee or director | 1 | $0 | $0 |
| Nicholas Galakatos '79 | Trustee Trustee or director | 1 | $0 | $0 |
| Edward Hall '87 | Trustee Trustee or director | 1 | $0 | $0 |
| Linda G Howard '70 | Trustee Trustee or director | 1 | $0 | $0 |
| George M James '77 | Trustee Trustee or director | 1 | $0 | $0 |
| Deborah D Kamali '85 | Trustee Trustee or director | 1 | $0 | $0 |
| Christine E Lewis '07 | Trustee (through 4/2023) Trustee or director | 1 | $0 | $0 |
| Amy M Madigan | Trustee Trustee or director | 1 | $0 | $0 |
| Alex J Martinez '73 | Trustee Trustee or director | 1 | $0 | $0 |
| Winthrop McCormack | Trustee Trustee or director | 1 | $0 | $0 |
| Adrienne Nelson | Trustee (through 4/2023) Trustee or director | 1 | $0 | $0 |
| Margaret Hill Noto '75 | Trustee-Secretary Trustee or director | 1 | $0 | $0 |
| Eduardo Ochoa '73 | Trustee Trustee or director | 1 | $0 | $0 |
| Ritankar Pal '93 | Trustee Trustee or director | 1 | $0 | $0 |
| Roger M Perlmutter MD '73 | Trustee-Chairman Trustee or director | 1 | $0 | $0 |
| Gary Rieschel '79 | Trustee Trustee or director | 1 | $0 | $0 |
| Lisa Saldana '94 | Trustee Trustee or director | 1 | $0 | $0 |
| John P Sheehy '82 | Trustee Trustee or director | 1 | $0 | $0 |
| Tina Sohaili-Korbonits '07 | Trustee Trustee or director | 1 | $0 | $0 |
| Susan Sokol Blosser MAT '67 | Trustee Trustee or director | 1 | $0 | $0 |
| Alice Larkin Steiner '74 | Trustee Trustee or director | 1 | $0 | $0 |
| Peter C Stockman '77 | Trustee Trustee or director | 1 | $0 | $0 |
| Richard H Wollenberg '75 | Trustee-Vice Chairman Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3203 SE WOODSTOCK BLVD, PORTLAND, OR 97202-8199
- Principal officer (990 for 2024)
- ROBERT TUST, BUSINESS OFFICE, 3203 SE WOODSTOCK BLVD, PORTLAND, OR 97202
- Signed the 990
- Robert Tust, Associate Treasurer and Controller
- Phone
- (503) 777-7505
- Website
- www.reed.edu
Mission
The mission of Reed College is to provide education in the liberal arts and sciences.
Program accomplishments
- The Institute had 26 research grants funded with federal funds. Departments funded were Biology, Chemistry, Physics, Psychology, Math, Sociology, and the nuclear reactor.Expenses $3,219,964 · revenue $3,219,964
- 1,332 FTE Students as of Fall 2024, 410 degrees conferred 24/25.Expenses $123,633,762 · grants $41,260,781 · revenue $94,313,964
- Auxiliary services - students living in dorms, using dining facilities and bookstore.Expenses $23,577,129 · revenue $17,550,416
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
- 93-0386908
- 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
- 1938
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $1,218,420,100
- Income (IRS master file)
- $398,086,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $234,628,051 | $165,205,645 | $1,218,420,100 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $204,695,513 | $158,238,547 | $1,135,702,740 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $150,353,460 | $152,129,700 | $1,040,957,477 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $184,823,009 | $146,361,428 | $1,011,067,544 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 93-0386908).
Questions about REED INSTITUTE
- What is the EIN of REED INSTITUTE?
- The employer identification number (EIN) of REED INSTITUTE is 93-0386908.
- Is REED INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to REED INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REED INSTITUTE 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 REED INSTITUTE 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 REED INSTITUTE 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 REED INSTITUTE?
- The 990 for the year ended June 30, 2025 names ROBERT TUST.
- Who are the officers and directors of REED INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 44 people; 14 received compensation from the organization, the highest $785,892 (Audrey Bilger, President).
- How much revenue does REED INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $234,628,051, expenses of $165,205,645 and total assets of $1,218,420,100 at year end.
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