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.
78¢ of each $1 spent went to programs.
$3.6M 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

FY2023 · 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
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
$3.6M
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 $186.8M in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $186.8M 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
$147.5M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117.7M
+3% vs prior year
Spent
$116.8M
To programs
78%
Net assets
$275.4M
By yearFY2020–FY2025
Revenue
$117.7M
FY2023▲ +3%
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
$116.8M
FY2023▼ -3%
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
$275.4M
FY2023▲ +4%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

78 cents of each dollar spent went to programs.

Program services 78% · $91.2M Management & general 21% · $25.1M Fundraising 0% · $542K

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

35 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$589,949Pt VII · Sec A
$293,684Pt VII · Sec A
VP of Finance/CFO
$272,987Pt VII · Sec A
VP & General Counsel
$245,149Pt VII · Sec A
Chief HR Officer
$239,187Pt VII · Sec A
$234,259Pt VII · Sec A
Dean of La+d
$200,763Pt VII · Sec A
Dean of Students
$190,176Pt 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 · $59.4M · in their own filed words · FY2022
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…

$31.3Mprogram expense
02

Expenses Related to Financial Aid for Students

The purpose of financial aid is to help you attain your goal of a lesley university education, by offering financial assistance in the form of grants, loans, and student work opportunities.

$16.8Mprogram expense
03

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.

$11.3Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$117.7M
Ln 12
Fees for servicesLn 2g$79.1M
Investment incomeLn 3$29.9M
Gifts and grantsLn 1h$6.0M
Money outPt IX
$116.8M
Ln 25
Programscol B$91.2M
Managementcol C$25.1M
Fundraisingcol D$542K
Owns and owesPt X
$275.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$422.9M
LiabilitiesLn 26$147.5M
PeoplePt VI, VII
35
listed · VII A
PaidVII A16
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$79.1M
Investment incomeLn 3$29.9M
Other incomeLn 4–11$2.7M
Gains on assetsLn 7$28.3M
Total revenueLn 12$117.7M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$186.8M
Land, buildings, equipmentLn 10c$204.6M
Other assetsLn 15$7.2M
Total assetsLn 16$422.9M
LiabilitiesLn 26$147.5M
Net assetsLn 32$275.4M
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 FY23End FY23
Cash and savingsLn 1–2$4.3M$3.3M
InvestmentsLn 11–13$185.4M$186.8M
Land, buildings, equipmentLn 10c$202.6M$204.6M
Total assetsLn 16$423.0M$422.9M
LiabilitiesLn 26$159.1M$147.5M
Net assetsLn 32$263.8M$275.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16.8M$16.8M
Pay of current officers, directors and key staffLn 5$3.5M$1.7M$1.8M
Other salaries and wagesLn 7$44.6M$37.4M$6.8M$411K
Pension plan contributionsLn 8$2.5M$2.3M$198K$26K
Other employee benefitsLn 9$5.1M$4.5M$465K$63K
Payroll taxesLn 10$3.4M$3.2M$225K$28K
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$204K$204K
Lobbying feesLn 11d$12K$12K
Investment management feesLn 11f$841K$841K
Advertising and promotionLn 12$470K$451K$19K
Office expensesLn 13$910K$479K$430K$346
Information technologyLn 14$3.2M$37K$3.2M$79
OccupancyLn 16$5.4M$5.2M$211K
TravelLn 17$786K$685K$94K$7K
Conferences, conventions and meetingsLn 19$73K$68K$4K
InterestLn 20$4.7M$2.1M$2.7M
Depreciation, depletion and amortizationLn 22$7.6M$3.5M$4.2M
InsuranceLn 23$1.5M$487K$970K
Other expenses (24a–d)Ln 24$10.1M$9.7M$409K
All other expensesLn 24e$5.1M$2.8M$2.3M$7K
Total functional expensesLn 25$116.8M$91.2M$25.1M$542K

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 Viewing $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 $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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $117,726,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,123,975$6,027,934
I-9 Program service revenuePrior year $86,892,400$79,066,893
I-10 Investment incomePrior year $11,826,497$29,917,526
I-11 Other revenuePrior year $2,328,455$2,713,968
I-12 Total revenuePrior year $114,171,327$117,726,321
I-13 Grants and similar amounts paidPrior year $22,929,732$16,830,045
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $58,941,706$59,046,777
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,224,963$40,941,165
I-18 Total expensesPrior year $120,096,401$116,817,987
I-19 Revenue less expensesPrior year −$5,925,074$908,334
Part VI · Governance 16 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
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 $117,726,321 across 9 lines filed
VIII-1e Government grants$1,439,620
VIII-1f All other contributions, gifts and grants$4,588,314
VIII-1h Total contributions, gifts and grants$6,027,934
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,066,893$79,066,893
VIII-3 Investment incomeUnrelated business $99,319 · Excluded from tax $1,519,969$1,619,288
VIII-6 Net rental income or lossExcluded from tax $2,070,762$2,070,762
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,298,238$28,298,238
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $612,661 · Unrelated business $30,545$643,206
VIII-12 Total revenueRelated to mission $79,679,554 · Unrelated business $129,864 · Excluded from tax $31,888,969$117,726,321
Part IX · Statement of functional expenses $116,817,987 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $16,830,045$16,830,045
IX-5 Pay of current officers, directors and key staffPrograms $1,667,629 · Management $1,827,262$3,494,891
IX-7 Other salaries and wagesPrograms $37,354,123 · Management $6,798,699 · Fundraising $411,361$44,564,183
IX-8 Pension plan contributionsPrograms $2,274,214 · Management $198,383 · Fundraising $26,043$2,498,640
IX-9 Other employee benefitsPrograms $4,543,948 · Management $464,715 · Fundraising $62,610$5,071,273
IX-10 Payroll taxesPrograms $3,164,491 · Management $225,325 · Fundraising $27,974$3,417,790
IX-11b Legal feesManagement $75,886$75,886
IX-11c Accounting feesManagement $203,550$203,550
IX-11d Lobbying feesManagement $12,000$12,000
IX-11f Investment management feesManagement $840,730$840,730
IX-12 Advertising and promotionPrograms $450,933 · Management $18,895$469,828
IX-13 Office expensesPrograms $479,379 · Management $430,022 · Fundraising $346$909,747
IX-14 Information technologyPrograms $36,738 · Management $3,172,135 · Fundraising $79$3,208,952
IX-16 OccupancyPrograms $5,168,350 · Management $210,698$5,379,048
IX-17 TravelPrograms $685,159 · Management $93,881 · Fundraising $7,070$786,110
IX-19 Conferences, conventions and meetingsPrograms $68,425 · Management $4,266$72,691
IX-20 InterestPrograms $2,053,876 · Management $2,668,274$4,722,150
IX-22 Depreciation, depletion and amortizationPrograms $3,457,657 · Management $4,164,530$7,622,187
IX-23 InsurancePrograms $487,444 · Management $970,433$1,457,877
IX-24 Other expenses (24a–d)Programs $9,684,688 · Management $408,799$10,093,487
IX-24e All other expensesPrograms $2,809,913 · Management $2,270,430 · Fundraising $6,579$5,086,922
IX-25 Total functional expensesPrograms $91,217,012 · Management $25,058,913 · Fundraising $542,062$116,817,987
Part X · Balance sheet $422,901,748 assets, 20 lines filed
Asset lines not itemized here account for $478,256; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,959,579$1,622,286
X-2 Savings and temporary cash investmentsStart of year $1,359,101$1,651,184
X-3 Pledges and grants receivableStart of year $2,203,784$3,465,641
X-4 Accounts receivableStart of year $17,912,649$11,556,464
X-9 Prepaid expenses and deferred chargesStart of year $1,882,573$5,551,671
X-10c Land, buildings and equipment, netStart of year $202,628,682$204,642,979
X-11 Publicly traded securitiesStart of year $52,085,934$50,624,046
X-12 Other securitiesStart of year $133,342,806$136,154,818
X-15 Other assetsStart of year $7,726,745$7,154,403
X-16 Total assetsStart of year $422,988,983$422,901,748
X-17 Accounts payable and accrued expensesStart of year $15,142,030$14,795,718
X-18 Grants payableStart of year $808,992$267,452
X-19 Deferred revenueStart of year $9,536,130$8,703,459
X-20 Tax-exempt bond liabilitiesStart of year $117,835,902$113,478,736
X-25 Other liabilitiesStart of year $1,172,376$1,233,020
X-26 Total liabilitiesStart of year $159,140,630$147,478,385
X-27 Net assets without donor restrictionsStart of year $225,812,644$232,580,258
X-28 Net assets with donor restrictionsStart of year $38,035,709$42,843,105
X-32 Total net assets or fund balancesStart of year $263,848,353$275,423,363
X-33 Total liabilities and net assetsStart of year $422,988,983$422,901,748
Part XI · Reconciliation of net assets $275,423,363 net assets at year end
XI-1 Total revenue$117,726,321
XI-2 Total expenses$116,817,987
XI-3 Revenue less expenses$908,334
XI-4 Net assets at start of year$263,848,353
XI-5 Net unrealized gains (losses) on investments$10,666,676
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$275,423,363

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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