We immerse students in experiential and collaborative learning that fosters lifelong intellectual exploration and social responsibility.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $1.9M a year · 2% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $50.7M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $50.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $26K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$73.8M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85.3M
-7% vs prior year
Spent
$86.1M
To programs
78%
Net assets
$72.7M
By yearFY2020–FY2025
Revenue
$85.3M
FY2021▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$92.1M
FY2021$85.3M
FY2022$87.6M
FY2023$79.0M
FY2024$81.0M
FY2025$68.3M
Expenses
$86.1M
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$93.3M
FY2021$86.1M
FY2022$92.3M
FY2023$92.9M
FY2024$68.5M
FY2025$71.5M
Net assets
$72.7M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$65.3M
FY2021$72.7M
FY2022$61.3M
FY2023$49.0M
FY2024$62.3M
FY2025$60.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1928.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $67.0M Management & general 20% · $17.3M Fundraising 2% · $1.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

31 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$393,398Pt VII · Sec A
VP, Lasell Village
$288,043Pt VII · Sec A
Asst Treasurer, VP Admin & Finance
$220,339Pt VII · Sec A
VP, Development & Alumni Relations
$211,049Pt VII · Sec A
VP, Enrollment Management
$209,150Pt VII · Sec A
VP, Graduate & Prof. Studies
$198,955Pt VII · Sec A
Chief Information Officer
$164,644Pt VII · Sec A
Asst Treas/Avp of Finan & Controller
$147,790Pt VII · Sec A

Eric Turner’s $383K as President is at the 78th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Alexander—$715,734—$440,487——
Michael Alexander Until 62023——$703,606———
Michael B Alexander————$393,398$690,074
Eric Turner$382,748$295,545$233,401$238,239$198,955$190,276
Zehra Abid-Wood$307,390$205,250————
Anne E Doyle————$288,043$254,931
Anne Doyle———$267,272——
Anne E Doyle Until 102022——$264,100———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lasell University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters lifelong learning and social responsibility through immersive, collaborative student experiences.

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Provided by the organization

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3 programs · $66.9M · in their own filed words · FY2020
01

Lasell university is a comprehensive coeducational university which offers professionally oriented bachelor's and master's degree programs, including more than 25 academic MAJORS.OUR students are given the opportunity to practice and prepare for the real world through a project-based and problem-based approach to teaching, through…

$65.4Mprogram expense
02

Provided management and educational services and leased land to lasell village, inc., a tax-exempt affiliate, functions that are integral to the conduct of the exempt functions of lasell village, inc.

$1.3Mprogram expense
03

Provided collaborative information technology services with another local college, functions that are integral to the conduct of the exempt functions of that college, with the goal of providing quality services to each college campus in a cost effective manner.

$175Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$26K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$85.3M
Ln 12
Fees for servicesLn 2g$71.8M
Gifts and grantsLn 1h$8.2M
Investment incomeLn 3$5.1M
Money outPt IX
$86.1M
Ln 25
Programscol B$67.0M
Managementcol C$17.3M
Fundraisingcol D$1.8M
Owns and owesPt X
$72.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$146.6M
LiabilitiesLn 26$73.8M
PeoplePt VI, VII
31
listed · VII A
PaidVII A9
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.2M
Government grantsLn 1e$4.1M
Noncash giftsLn 1g$130K
Fees for servicesLn 2g$71.8M
Investment incomeLn 3$5.1M
Other incomeLn 4–11$240K
Gains on assetsLn 7$4.1M
Total revenueLn 12$85.3M
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$50.7M
Land, buildings, equipmentLn 10c$86.1M
Other assetsLn 15$4.0M
Total assetsLn 16$146.6M
LiabilitiesLn 26$73.8M
Net assetsLn 32$72.7M
OperationsPt I, VI
EmployeesI 51,010
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.3M$2.6M
InvestmentsLn 11–13$38.3M$50.7M
Land, buildings, equipmentLn 10c$90.8M$86.1M
Total assetsLn 16$138.6M$146.6M
LiabilitiesLn 26$73.4M$73.8M
Net assetsLn 32$65.3M$72.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30.6M$30.6M
Pay of current officers, directors and key staffLn 5$1.1M$860K$200K
Other salaries and wagesLn 7$23.5M$18.3M$4.2M$1.0M
Pension plan contributionsLn 8$136K$136K
Other employee benefitsLn 9$3.0M$2.0M$878K$131K
Payroll taxesLn 10$1.9M$1.4M$461K$91K
Legal feesLn 11b$99K$99K
Accounting feesLn 11c$122K$122K
Professional fundraising feesLn 11e$156K$156K
Investment management feesLn 11f$158K$158K
Other fees for servicesLn 11g$3.2M$1.2M$2.0M$15K
Advertising and promotionLn 12$1.0M$1.0M$12K
Office expensesLn 13$1.5M$799K$652K$87K
Information technologyLn 14$1.5M$327K$1.1M$20K
OccupancyLn 16$4.3M$218K$4.1M
TravelLn 17$124K$92K$32K$789
Conferences, conventions and meetingsLn 19$19K$17K$2K$120
InterestLn 20$2.6M$2.6M$39K
Depreciation, depletion and amortizationLn 22$5.7M$5.1M$541K$59K
InsuranceLn 23$434K$3K$431K
Other expenses (24a–d)Ln 24$4.3M$3.1M$1.2M
All other expensesLn 24e$590K$272K$316K$2K
Total functional expensesLn 25$86.1M$67.0M$17.3M$1.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $68.3M$71.5M−$3.2M$60.5M 990 PDF
FY2024 $81.0M$68.5M$12.5M$62.3M 990 PDF
FY2023 $79.0M$92.9M−$14.0M$49.0M 990 PDF
FY2022 $87.6M$92.3M−$4.6M$61.3M 990 PDF
FY2021 Viewing $85.3M$86.1M−$787K$72.7M 990 PDF
FY2020 $92.1M$93.3M−$1.1M$65.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $85,290,352 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,604,310$8,189,796
I-9 Program service revenuePrior year $84,743,620$71,770,006
I-10 Investment incomePrior year $2,484,630$5,090,910
I-11 Other revenuePrior year $315,419$239,640
I-12 Total revenuePrior year $92,147,979$85,290,352
I-13 Grants and similar amounts paidPrior year $34,604,273$30,560,136
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $32,479,839$29,685,745
I-16a Professional fundraising feesPrior year $8,232$155,504
I-17 Other expensesPrior year $26,196,076$25,676,013
I-18 Total expensesPrior year $93,288,420$86,077,398
I-19 Revenue less expensesPrior year −$1,140,441−$787,046
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $85,290,352 across 10 lines filed
Lines not itemized here account for $588,593 of total revenue; see the IRS return.
VIII-1e Government grants$4,075,904
VIII-1f All other contributions, gifts and grants$4,113,892
VIII-1g Noncash contributions (included above)$130,494
VIII-1h Total contributions, gifts and grants$8,189,796
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,188,996$71,188,996
VIII-3 Investment incomeExcluded from tax $953,879$953,879
VIII-6 Net rental income or lossExcluded from tax $109,902$109,902
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,137,031$4,137,031
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $122,155$122,155
VIII-12 Total revenueRelated to mission $71,648,740 · Unrelated business $0 · Excluded from tax $5,451,816$85,290,352
Part IX · Statement of functional expenses $86,077,398 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $30,560,136$30,560,136
IX-5 Pay of current officers, directors and key staffManagement $860,297 · Fundraising $200,383$1,060,680
IX-7 Other salaries and wagesPrograms $18,315,014 · Management $4,182,006 · Fundraising $1,024,237$23,521,257
IX-8 Pension plan contributionsManagement $135,580$135,580
IX-9 Other employee benefitsPrograms $2,029,451 · Management $878,208 · Fundraising $130,569$3,038,228
IX-10 Payroll taxesPrograms $1,377,219 · Management $461,491 · Fundraising $91,290$1,930,000
IX-11b Legal feesManagement $98,715$98,715
IX-11c Accounting feesManagement $121,577$121,577
IX-11e Professional fundraising feesFundraising $155,504$155,504
IX-11f Investment management feesManagement $158,356$158,356
IX-11g Other fees for servicesPrograms $1,226,072 · Management $1,960,410 · Fundraising $15,381$3,201,863
IX-12 Advertising and promotionPrograms $1,023,736 · Management $12,236$1,035,972
IX-13 Office expensesPrograms $799,448 · Management $651,596 · Fundraising $86,897$1,537,941
IX-14 Information technologyPrograms $326,841 · Management $1,117,077 · Fundraising $19,778$1,463,696
IX-16 OccupancyPrograms $218,483 · Management $4,065,822$4,284,305
IX-17 TravelPrograms $91,711 · Management $31,968 · Fundraising $789$124,468
IX-19 Conferences, conventions and meetingsPrograms $16,899 · Management $2,248 · Fundraising $120$19,267
IX-20 InterestPrograms $2,590,399 · Management $39,099$2,629,498
IX-22 Depreciation, depletion and amortizationPrograms $5,083,494 · Management $540,927 · Fundraising $58,974$5,683,395
IX-23 InsurancePrograms $3,273 · Management $430,928$434,201
IX-24 Other expenses (24a–d)Programs $3,078,770 · Management $1,214,119$4,292,889
IX-24e All other expensesPrograms $271,871 · Management $316,335 · Fundraising $1,664$589,870
IX-25 Total functional expensesPrograms $67,012,817 · Management $17,278,995 · Fundraising $1,785,586$86,077,398
Part X · Balance sheet $146,552,524 assets, 20 lines filed
Asset lines not itemized here account for $6,708; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $24,286$13,751
X-2 Savings and temporary cash investmentsStart of year $3,297,116$2,537,839
X-3 Pledges and grants receivableStart of year $1,240,786$1,476,254
X-4 Accounts receivableStart of year $1,146,321$890,996
X-9 Prepaid expenses and deferred chargesStart of year $1,034,056$755,599
X-10c Land, buildings and equipment, netStart of year $90,808,727$86,118,509
X-11 Publicly traded securitiesStart of year $34,945,817$50,384,726
X-12 Other securitiesStart of year $2,892,879$133,711
X-13 Program-related investmentsStart of year $428,257$197,286
X-15 Other assetsStart of year $2,822,387$4,037,145
X-16 Total assetsStart of year $138,640,632$146,552,524
X-17 Accounts payable and accrued expensesStart of year $5,213,532$4,908,909
X-19 Deferred revenueStart of year $7,215,716$6,919,494
X-20 Tax-exempt bond liabilitiesStart of year $53,106,231$60,516,896
X-25 Other liabilitiesStart of year $7,854,609$1,493,994
X-26 Total liabilitiesStart of year $73,390,088$73,839,293
X-27 Net assets without donor restrictionsStart of year $46,822,873$53,031,160
X-28 Net assets with donor restrictionsStart of year $18,427,671$19,682,071
X-32 Total net assets or fund balancesStart of year $65,250,544$72,713,231
X-33 Total liabilities and net assetsStart of year $138,640,632$146,552,524
Part XI · Reconciliation of net assets $72,713,231 net assets at year end
XI-1 Total revenue$85,290,352
XI-2 Total expenses$86,077,398
XI-3 Revenue less expenses−$787,046
XI-4 Net assets at start of year$65,250,544
XI-5 Net unrealized gains (losses) on investments$6,728,650
XI-9 Other changes in net assets$1,521,083
XI-10 Net assets at end of year$72,713,231

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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