Simmons University EIN 04-2103629 Form 990 (PDF) Claim this org

Simmons University

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Provides transformative higher education, academic resources, and comprehensive student support services to foster lifelong learning and personal well-being. For fiscal year 2024 it reported $225.9M in revenue, $221.5M in expenses, and $254.3M in net assets.Pt I

Founded
1899
Type
Higher education institution · Colleges & Universities
Location
Boston, MA
Website
www.simmons.edu
Filings
5 on file (2020–2024)
Revenue
$225.9MFY2024
Expenses
$221.5M
Net assets
$254.3M
People
37
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2103629 Higher education institution Boston, MA Founded 1899
Form 990 (PDF)
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Provides transformative higher education, academic resources, and comprehensive student support services to foster lifelong learning and personal well-being.
Leadership
Lynn Perry Wooten · President · $533K
Money in and out
$225.9M revenue, $221.5M expenses
Bottom line
+2% operating surplus
Financial scale & money flow · FY2024
Total revenue
$225.9M
Pt VIII · Ln 12
Total expenses
$221.5M
Pt IX · Ln 25
Net assets
$254.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.4M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Operating surplus
+2%
revenue over expenses, this legal entity▲ +171% vs prior filing year
Payroll share
34%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
84%
of expenses reach program services▼ -0.8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$225.9M
FY2024▲ +2%
Expenses
$221.5M
FY2024▼ -2%
Total assets
$558.2M
FY2024▼ -1%
Total liabilities
$304.0M
FY2024▼ -3%
Total revenue
$225.9M
Pt VIII · Ln 12
Total expenses
$221.5M
Pt IX · Ln 25
Net assets
$254.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.4M
Total assetsPt X · Ln 16$558.2M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

3 program services account for $185.8M of program spending, described in the organization's own filed words · FY2024.
01

Instruction

Undergraduate programs: simmons university is a private institution offering a women-centered undergraduate experience that emphasizes leadership, academic excellence, professional preparation, and an inclusive community.

$71.4Mprogram expense
02

Academic Support and Student Services

Includes expenditures for activities that support and enhance the student's education, as well as contribute to their emotional and physical well-being. Included in this category is the university library which houses over 140,345 printvolumes, subscribes to AND/OR provides access to 151,562 e-journals, 244,296 e-books, and 114…

$58.4Mprogram expense
03

Instruction

Graduate programs: simmons currently serves 3,652 students in graduate programs at the master and doctoral levels. The university's graduate programs are co-educational. These programs are housed in the gwen ifill college of media, humanities, and social sciences; school of library and information science; school of nursing; school of…

$56.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimmons University
EINHdr · item D04-2103629
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.simmons.edu
Year of formationHdr · item L1899
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFApr 1938

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$533,423Pt VII · Sec A
$330,563Pt VII · Sec A
CEO, Inst. for Inclusive Leadership
$314,790Pt VII · Sec A
VP, Chief Fin. Off., Treasurer
$300,959Pt VII · Sec A
Development Officer (until 09/24)
$292,884Pt VII · Sec A
VP, Enrollment Management
$289,516Pt VII · Sec A
Dean, School of Nursing
$283,696Pt VII · Sec A
VP, Chief Info. Off.
$223,428Pt VII · Sec A

Lynn Perry Wooten’s $533K as President is at the 43rd percentile of top reported officer pay among 674 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Helen G Drinan Until 620$645,915
Helen G Drinan$638,676
Lynn Perry Wooten$533,423$540,437$569,678$566,286$293,317
Michael J Barone$481,663
Debra Perez Until 720$346,036
Sheila C Conboy Until 520$336,575
Stephanie Cosner$330,563$275,674$266,500
Susan Brady$314,790$310,211$305,414$300,450$299,951

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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Statement of Revenue

Part VIII
Program service revenue$169.4M · 75%
Investment income$30.9M · 14%
Contributions & grants$17.1M · 8%
Other revenue$8.6M · 4%
Program service revenue75%$169.4M
Investment income14%$30.9M
Contributions & grants8%$17.1M
Other revenue4%$8.6M
— government grantsLn 1e$4.1M
Total revenueLn 12$225.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program services84%$185.8M
Management & general15%$33.2M
Fundraising1%$2.4M
Total functional expensesLn 25$221.5M

Balance Sheet

Part X · end of year
CashLn 1$6.1M
Total assetsLn 16$558.2M
Total liabilitiesLn 26$304.0M
Total net assetsLn 32$254.3M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $259.5M · Operating expenses (Pt IX) $221.5M · Less non-cash grants $3.3M · Cash operating expenses/yr $218.1M
14.3 months
Where the money goes
Program services
Program services $185.8M · Total expenses $221.5M
84%
Management & General
Management & general $33.2M · Total expenses $221.5M
15%
Fundraising
Fundraising $2.4M · Total expenses $221.5M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2.5M · Solicited contributions (3-yr avg) $11.9M
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17.1M · Total revenue $225.9M
8%
Government reliance
Government grants $4.1M · Total revenue $225.9M
2%
Earned-income share
Program service revenue $169.4M · Total revenue $225.9M
75%
Investment reliance
Investment income $30.9M · Total revenue $225.9M
+14%
Program self-sufficiency
Program service revenue $169.4M · Total expenses $221.5M
77%
Growth & trend
Revenue growth (YoY)
This year $225.9M · Prior year $220.5M
+2%
Revenue CAGR
FY2019 $235.0M · FY2024 $225.9M
-0.8%
Net-asset trend (YoY)
End of year $254.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $225.9M · Expenses $221.5M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $558.2M
Net-asset ratio
Net assets $254.3M · Total assets $558.2M
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $92.3M · Other securities (Pt X, ln 12) $161.1M · Total assets (Pt X, ln 16) $558.2M
45%
People & payroll
Highest Reported Total Compensation
Individual Lynn Perry Wooten · Reported title PRESIDENT · Highest reported compensation $533K · Total expenses $221.5M
0.2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74.6M · Total expenses $221.5M
34%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $62K · Gross raised $205K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 15%
Fundraising cost ratio 14%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 31 grants · $347.5M · 2019–2024
Unitemized GrantFY2024$59,878,437
Unitemized GrantFY2024$310,432
Assumption UniversityMA · FY2024$21,393
Bay Cove Human Services INCMA · FY2024$8,000
Treft Systems INCFY2024$5,750
Boston Book Festival INCMA · FY2024$5,500
Unitemized GrantFY2023$59,419,009
Unitemized GrantFY2023$400,777
Ilumis-ArFY2023$77,250
Boston Book Festival INCMA · FY2023$5,500
Unitemized GrantFY2022$58,644,637
Unitemized GrantFY2022$224,646
See all 31 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$220.5M revenue · ⤓ 990 PDF
FY2023$225.0M revenue · ⤓ 990 PDF
FY2022$254.4M revenue · ⤓ 990 PDF
FY2021$219.2M revenue · ⤓ 990 PDF
FY2020$235.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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