Lesley University engages students in transformative education through active learning, scholarly research, diverse forms of artistic expression, and the integration of rigorous academics with practical, professional experience, leading to meaningful careers and continuing lifelong learning. Lesley prepares socially responsible graduates with the knowledge, skills, understanding and ethical judgment to be catalysts shaping a more just, humane, and sustainable world.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$3.9M 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

FY2020 · 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
3 of 6
filings with a surplus
Average surplus $3.3M a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.9M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $186.2M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $186.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
30
named funders · $7.0M
Looks good: 30 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$158.1M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 23 voting members
Looks good: 22 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$116.8M
Spent
$125.1M
To programs
83%
Net assets
$259.8M
By yearFY2020–FY2025
Revenue
$116.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$116.8M
FY2021$126.9M
FY2022$114.2M
FY2023$117.7M
FY2024$150.5M
FY2025$99.4M
Expenses
$125.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$125.1M
FY2021$108.4M
FY2022$120.1M
FY2023$116.8M
FY2024$122.6M
FY2025$112.7M
Net assets
$259.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$259.8M
FY2021$303.6M
FY2022$263.8M
FY2023$275.4M
FY2024$302.0M
FY2025$296.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1965.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $104.2M Management & general 15% · $19.2M Fundraising 1% · $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

43 people listed on the 990; $3.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$257,642Pt VII · Sec A
$252,132Pt VII · Sec A
VP of Administration
$241,027Pt VII · Sec A
VP & General Counsel
$219,150Pt VII · Sec A
VP of Budgeting & Planning
$218,049Pt VII · Sec A
Former President
$205,000Pt VII · Sec A
VP Strategy & Implementation
$203,755Pt VII · Sec A
Associate VP for Human Resources
$200,303Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Janet L Steinmayer$631,665$610,150$589,949———
Janet Steinmayer———$535,271$449,265$257,642
Jonathan K Jefferson—$297,942$293,684$288,367$233,976$199,496
Deanna Yameen$289,150$264,206————
Shirin Philipp$274,839$262,692$245,149$228,178$218,105$219,150
Diane Kimball——$272,987$62,037——
Mary-Jane Maclaughlin$268,936$256,371$239,187———
Joanne Kossuth$265,821$251,170$234,259$197,701——

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.

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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

Transforms students through active learning, research, arts, and practical experience for meaningful careers and global impact.

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Provided by the organization

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3 programs · $65.9M · in their own filed words · FY2019
01

Expenses related to instructing full time and part time students: the university is home to a number of important centers and institutes that conduct research, help shape public policy, and provide continuing education and professional development opportunities across a wide range of disciplines including:*math *special education…

$41.2Mprogram expense
02

Expenses related to academic support which includes the expenses for the library, dean of students, various academic deans and other academic support. Also, expenses related to research and general institutional operations.

$12.9Mprogram expense
03

Expenses related to services provided to the student body, including counseling, career guidance, admissions, registrar, student activities, and health services as well as expenses related to athletic programs.

$11.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 30 funders →
Grants paid · 2 grants · $33.7M · 2023–2024
Unitemized GrantFY2024$15,920,862
Unitemized GrantFY2023$17,742,478

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$116.8M
Ln 12
Fees for servicesLn 2g$96.6M
Investment incomeLn 3$12.4M
Gifts and grantsLn 1h$5.7M
Money outPt IX
$125.1M
Ln 25
Programscol B$104.2M
Managementcol C$19.2M
Fundraisingcol D$1.8M
Owns and owesPt X
$259.8M
net assets · Ln 32
Cash and savingsLn 1–2$7.7M
Total assetsLn 16$417.9M
LiabilitiesLn 26$158.1M
PeoplePt VI, VII
43
listed · VII A
PaidVII A21
Voting boardVI 1a23
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$2.8M
Noncash giftsLn 1g$128K
Fees for servicesLn 2g$96.6M
Investment incomeLn 3$12.4M
Other incomeLn 4–11$2.1M
Gains on assetsLn 7$10.3M
Total revenueLn 12$116.8M
Assets in detailPt X, end of year
CashLn 1$6.3M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$7.7M
InvestmentsLn 11–13$186.2M
Land, buildings, equipmentLn 10c$209.5M
Other assetsLn 15$4.0M
Total assetsLn 16$417.9M
LiabilitiesLn 26$158.1M
Net assetsLn 32$259.8M
OperationsPt I, VI
EmployeesI 51,293
VolunteersI 619
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 FY20End FY20
Cash and savingsLn 1–2$5.9M$7.7M
InvestmentsLn 11–13$188.0M$186.2M
Land, buildings, equipmentLn 10c$210.4M$209.5M
Total assetsLn 16$422.1M$417.9M
LiabilitiesLn 26$148.2M$158.1M
Net assetsLn 32$273.9M$259.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19.9M$19.9M
Pay of current officers, directors and key staffLn 5$3.0M$1.4M$1.6M
Other salaries and wagesLn 7$52.6M$42.2M$9.2M$1.1M
Pension plan contributionsLn 8$2.5M$2.2M$294K$60K
Other employee benefitsLn 9$5.1M$4.4M$647K$118K
Payroll taxesLn 10$3.7M$3.0M$502K$117K
Legal feesLn 11b$455K$455K
Accounting feesLn 11c$118K$118K
Lobbying feesLn 11d$12K$12K
Investment management feesLn 11f$916K$916K
Other fees for servicesLn 11g$3.6M$2.5M$1.0M$91K
Advertising and promotionLn 12$1.1M$1.1M$22K$6K
Office expensesLn 13$1.4M$1.2M$128K$56K
Information technologyLn 14$2.2M$866K$1.2M$97K
OccupancyLn 16$4.0M$3.7M$319K$141
TravelLn 17$1.0M$881K$99K$58K
Conferences, conventions and meetingsLn 19$164K$132K$32K
InterestLn 20$4.6M$4.1M$468K
Depreciation, depletion and amortizationLn 22$7.8M$7.2M$627K
InsuranceLn 23$670K$293K$377K
Other expenses (24a–d)Ln 24$8.3M$8.2M$106K
All other expensesLn 24e$1.9M$946K$962K$8K
Total functional expensesLn 25$125.1M$104.2M$19.2M$1.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $99.4M$112.7M−$13.3M$296.6M 990 PDF
FY2024 $150.5M$122.6M$27.8M$302.0M 990 PDF
FY2023 $117.7M$116.8M$908K$275.4M 990 PDF
FY2022 $114.2M$120.1M−$5.9M$263.8M 990 PDF
FY2021 $126.9M$108.4M$18.5M$303.6M 990 PDF
FY2020 Viewing $116.8M$125.1M−$8.3M$259.8M 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 FY2020 990 (6 parts)
Part I · Summary $116,825,952 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,364,054$5,657,150
I-9 Program service revenuePrior year $104,858,163$96,642,308
I-10 Investment incomePrior year $20,727,017$12,422,400
I-11 Other revenuePrior year $3,233,093$2,104,094
I-12 Total revenuePrior year $134,182,327$116,825,952
I-13 Grants and similar amounts paidPrior year $19,435,792$19,904,925
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $65,883,022$66,949,768
I-16a Professional fundraising feesPrior year $30,230$0
I-17 Other expensesPrior year $42,854,311$38,258,420
I-18 Total expensesPrior year $128,203,355$125,113,113
I-19 Revenue less expensesPrior year $5,978,972−$8,287,161
Part VI · Governance 22 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members22
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 $116,825,952 across 10 lines filed
VIII-1e Government grants$2,844,821
VIII-1f All other contributions, gifts and grants$2,812,329
VIII-1g Noncash contributions (included above)$128,269
VIII-1h Total contributions, gifts and grants$5,657,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $96,642,308$96,642,308
VIII-3 Investment incomeExcluded from tax $2,110,507$2,110,507
VIII-6 Net rental income or lossExcluded from tax $1,655,817$1,655,817
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,311,893$10,311,893
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $403,675 · Unrelated business $44,602$448,277
VIII-12 Total revenueRelated to mission $97,045,983 · Unrelated business $44,602 · Excluded from tax $14,078,217$116,825,952
Part IX · Statement of functional expenses $125,113,113 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $19,904,925$19,904,925
IX-5 Pay of current officers, directors and key staffPrograms $1,361,195 · Management $1,615,623$2,976,818
IX-7 Other salaries and wagesPrograms $42,240,006 · Management $9,240,905 · Fundraising $1,144,848$52,625,759
IX-8 Pension plan contributionsPrograms $2,195,598 · Management $294,329 · Fundraising $60,036$2,549,963
IX-9 Other employee benefitsPrograms $4,375,114 · Management $646,938 · Fundraising $117,558$5,139,610
IX-10 Payroll taxesPrograms $3,038,647 · Management $501,802 · Fundraising $117,169$3,657,618
IX-11b Legal feesManagement $454,525$454,525
IX-11c Accounting feesManagement $118,000$118,000
IX-11d Lobbying feesPrograms $12,000$12,000
IX-11f Investment management feesManagement $915,521$915,521
IX-11g Other fees for servicesPrograms $2,506,076 · Management $1,030,599 · Fundraising $90,666$3,627,341
IX-12 Advertising and promotionPrograms $1,060,960 · Management $21,511 · Fundraising $6,076$1,088,547
IX-13 Office expensesPrograms $1,197,666 · Management $127,572 · Fundraising $56,100$1,381,338
IX-14 Information technologyPrograms $866,426 · Management $1,216,769 · Fundraising $96,695$2,179,890
IX-16 OccupancyPrograms $3,704,231 · Management $318,751 · Fundraising $141$4,023,123
IX-17 TravelPrograms $881,115 · Management $99,140 · Fundraising $58,486$1,038,741
IX-19 Conferences, conventions and meetingsPrograms $131,772 · Management $31,774$163,546
IX-20 InterestPrograms $4,082,618 · Management $468,089$4,550,707
IX-22 Depreciation, depletion and amortizationPrograms $7,198,339 · Management $626,988$7,825,327
IX-23 InsurancePrograms $293,015 · Management $377,259$670,274
IX-24 Other expenses (24a–d)Programs $8,186,714 · Management $106,468$8,293,182
IX-24e All other expensesPrograms $946,226 · Management $961,865 · Fundraising $8,267$1,916,358
IX-25 Total functional expensesPrograms $104,182,643 · Management $19,174,428 · Fundraising $1,756,042$125,113,113
Part X · Balance sheet $417,901,477 assets, 20 lines filed
Asset lines not itemized here account for $1,272,219; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,295,297$6,286,250
X-2 Savings and temporary cash investmentsStart of year $1,583,116$1,447,899
X-3 Pledges and grants receivableStart of year $4,795,563$3,462,491
X-4 Accounts receivableStart of year $5,465,857$4,366,587
X-9 Prepaid expenses and deferred chargesStart of year $2,153,765$1,299,075
X-10c Land, buildings and equipment, netStart of year $210,368,248$209,522,761
X-11 Publicly traded securitiesStart of year $67,886,140$60,513,940
X-12 Other securitiesStart of year $120,086,255$125,725,365
X-15 Other assetsStart of year $4,049,515$4,004,890
X-16 Total assetsStart of year $422,143,910$417,901,477
X-17 Accounts payable and accrued expensesStart of year $14,013,925$16,674,422
X-18 Grants payableStart of year $1,537,954$1,183,409
X-19 Deferred revenueStart of year $11,411,703$7,789,687
X-20 Tax-exempt bond liabilitiesStart of year $119,720,381$125,318,056
X-25 Other liabilitiesStart of year $1,384,829$1,396,816
X-26 Total liabilitiesStart of year $148,244,038$158,065,377
X-27 Net assets without donor restrictionsStart of year $242,112,155$228,713,610
X-28 Net assets with donor restrictionsStart of year $31,787,717$31,122,490
X-32 Total net assets or fund balancesStart of year $273,899,872$259,836,100
X-33 Total liabilities and net assetsStart of year $422,143,910$417,901,477
Part XI · Reconciliation of net assets $259,836,100 net assets at year end
XI-1 Total revenue$116,825,952
XI-2 Total expenses$125,113,113
XI-3 Revenue less expenses−$8,287,161
XI-4 Net assets at start of year$273,899,872
XI-5 Net unrealized gains (losses) on investments−$2,577,855
XI-9 Other changes in net assets−$3,198,756
XI-10 Net assets at end of year$259,836,100

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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