Clark university's mission is to educate undergraduate and graduate (continued in schedule o)students to be imaginative and contributing citizens of the world, and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$5.3M 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

FY2024 · 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 $17.9M a year · 8% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.3M
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 $500.6M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$195.8M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 31 voting members
Looks good: 30 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249.6M
+10% vs prior year
Spent
$258.9M
To programs
94%
Net assets
$572.2M
By yearFY2020–FY2025
Revenue
$249.6M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$200.9M
FY2021$181.3M
FY2022$198.4M
FY2023$226.9M
FY2024$249.6M
FY2025$235.5M
Expenses
$258.9M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$197.3M
FY2021$199.5M
FY2022$228.9M
FY2023$248.9M
FY2024$258.9M
FY2025$266.5M
Net assets
$572.2M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$509.5M
FY2021$612.1M
FY2022$551.1M
FY2023$527.3M
FY2024$572.2M
FY2025$577.1M

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Dec 1937.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $243.2M Management & general 3% · $9.0M Fundraising 3% · $6.7M

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

48 people listed on the 990; $5.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$893,604Pt VII · Sec A
Executive Vice President & Treasurer
$397,148Pt VII · Sec A
Dean School of Management
$355,638Pt VII · Sec A
$353,930Pt VII · Sec A
Gen Counsel & Secretary
$343,718Pt VII · Sec A
Asc Provost/Dean of Prof Studies
$330,839Pt VII · Sec A
Vice President Univ. Advancement
$317,020Pt VII · Sec A
VP Marketing & Communications
$287,442Pt VII · Sec A

David Fithian’s $826K as President is at the 67th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Fithian$826,486$893,604$989,534$859,739$483,683—
David Angel————$574,359$433,662
Jeffrey Hite Gillooly——$402,194$437,084$346,666$324,704
Danielle Manning$369,581$397,148$378,139$370,276$189,608—
Sebastian Royo$361,801$353,930$345,738$176,955——
Alan Eisner$339,589$355,638$345,434$347,126——
Davis Baird——$192,621$353,775$315,838$303,641
Kendall Isaac$321,192$343,718$335,225$72,191——

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 Clark 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

Educates undergraduate and graduate students while advancing global knowledge through rigorous academic scholarship, creative efforts, and collaborative, faculty-led research programs.

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3 programs · $205.1M · in their own filed words · FY2023
01

Instruction and Academic Support

Clark's fall 2023 enrollment consisted of 1,774 undergraduates and 597 graduate students. Our motto - and mission - is "challenge convention; change our world", and our faculty members work to inspire their students to utilize their liberal arts based education to make a real difference in the communities in which they live and work.

$97.0Mprogram expense
02

Financial Aid

Clark is committed to being affordable to those students able to meet the high academic expectations of our faculty. Approximately 96% of undergraduate students receive some level of financial assistance, which is distributed on the basis of both merit and financial need.

$93.6Mprogram expense
03

Research

Clark is committed to a program of research and has a very professionally active faculty, virtually all of whom are engaged in sponsored or unsponsored research and creative activity. Undergraduate and graduate students participate extensively in faculty-directed research. Research is funded by both private and public grants.

$14.5Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$20K
Grants paid · 83 grants · $520.4M · 2019–2024
Unitemized GrantFY2024$95,208,282
Virginia Polytechnic Institute and State UniversityFY2024$116,656
Southbridge Public SchoolsFY2024$86,878
Icf InternationalFY2024$43,939
Partner4workPA · FY2024$29,275
University of MiamiFL · FY2024$19,355
Unitemized GrantFY2023$95,102,912
Partner4workPA · FY2023$222,000
City of WorcesterFY2023$139,985
Washington State UniversityWA · FY2023$87,760
See all 83 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$249.6M
Ln 12
Fees for servicesLn 2g$203.1M
Gifts and grantsLn 1h$31.6M
Investment incomeLn 3$13.6M
Money outPt IX
$258.9M
Ln 25
Programscol B$243.2M
Managementcol C$9.0M
Fundraisingcol D$6.7M
Owns and owesPt X
$572.2M
net assets · Ln 32
Cash and savingsLn 1–2$27.2M
Total assetsLn 16$768.0M
LiabilitiesLn 26$195.8M
PeoplePt VI, VII
48
listed · VII A
PaidVII A17
Voting boardVI 1a31
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31.6M
Government grantsLn 1e$9.0M
Noncash giftsLn 1g$347K
Fees for servicesLn 2g$203.1M
Investment incomeLn 3$13.6M
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$10.7M
Total revenueLn 12$249.6M
Assets in detailPt X, end of year
CashLn 1$798K
SavingsLn 2$26.4M
Cash and savings togetherLn 1–2$27.2M
InvestmentsLn 11–13$500.6M
Land, buildings, equipmentLn 10c$216.9M
Other assetsLn 15$2.7M
Total assetsLn 16$768.0M
LiabilitiesLn 26$195.8M
Net assetsLn 32$572.2M
OperationsPt I, VI
EmployeesI 52,700
VolunteersI 6366
Fiscal year endsHeaderMay
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 FY24End FY24
Cash and savingsLn 1–2$56.7M$27.2M
InvestmentsLn 11–13$464.5M$500.6M
Land, buildings, equipmentLn 10c$189.0M$216.9M
Total assetsLn 16$728.5M$768.0M
LiabilitiesLn 26$201.3M$195.8M
Net assetsLn 32$527.3M$572.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$919K$919K
Grants to domestic individualsLn 2$95.1M$95.1M
Grants and assistance to foreign recipientsLn 3$197K$197K
Pay of current officers, directors and key staffLn 5$4.3M$465K$3.5M$423K
Pay of disqualified personsLn 6$44K$44K
Other salaries and wagesLn 7$77.9M$62.5M$12.8M$2.6M
Pension plan contributionsLn 8$5.0M$4.0M$848K$167K
Other employee benefitsLn 9$7.4M$5.7M$1.4M$267K
Payroll taxesLn 10$5.3M$4.1M$960K$190K
Management feesLn 11a$668K$668K
Legal feesLn 11b$284K$54K$230K
Accounting feesLn 11c$289K$289K
Professional fundraising feesLn 11e$68K$68K
Investment management feesLn 11f$3.4M$3.4M
Other fees for servicesLn 11g$9.5M$7.7M$1.6M$118K
Advertising and promotionLn 12$725K$243K$480K$2K
Office expensesLn 13$3.5M$2.5M$651K$349K
Information technologyLn 14$3.0M$2.9M$49K$39K
RoyaltiesLn 15$1.5M$1.2M$245K$109K
OccupancyLn 16$6.7M$6.2M$442K$55K
TravelLn 17$2.8M$2.6M$76K$137K
Conferences, conventions and meetingsLn 19$2.4M$1.7M$229K$433K
InterestLn 20$4.5M$4.1M$399K$1K
Depreciation, depletion and amortizationLn 22$10.9M$9.6M$1.2M$205K
InsuranceLn 23$1.0M$12K$990K$33K
Other expenses (24a–d)Ln 24$9.5M$9.5M$12$0
All other expensesLn 24e$1.9M$21.2M−$20.8M$1.4M
Total functional expensesLn 25$258.9M$243.2M$9.0M$6.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $235.5M$266.5M−$31.0M$577.1M 990 PDF
FY2024 Viewing $249.6M$258.9M−$9.3M$572.2M 990 PDF
FY2023 $226.9M$248.9M−$21.9M$527.3M 990 PDF
FY2022 $198.4M$228.9M−$30.4M$551.1M 990 PDF
FY2021 $181.3M$199.5M−$18.2M$612.1M 990 PDF
FY2020 $200.9M$197.3M$3.6M$509.5M 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $249,568,152 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,850,852$31,604,318
I-9 Program service revenuePrior year $188,308,957$203,088,841
I-10 Investment incomePrior year $2,362,999$13,553,038
I-11 Other revenuePrior year $5,418,439$1,321,955
I-12 Total revenuePrior year $226,941,247$249,568,152
I-13 Grants and similar amounts paidPrior year $90,347,643$96,218,791
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $93,672,696$99,970,241
I-16a Professional fundraising feesPrior year $38,596$68,500
I-17 Other expensesPrior year $64,827,024$62,630,732
I-18 Total expensesPrior year $248,885,959$258,888,264
I-19 Revenue less expensesPrior year −$21,944,712−$9,320,112
Part VI · Governance 30 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members30
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 $249,568,152 across 11 lines filed
Lines not itemized here account for $2,090,015 of total revenue; see the IRS return.
VIII-1e Government grants$8,962,723
VIII-1f All other contributions, gifts and grants$22,641,595
VIII-1g Noncash contributions (included above)$347,004
VIII-1h Total contributions, gifts and grants$31,604,318
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,659,911$201,659,911
VIII-3 Investment incomeExcluded from tax $2,888,763$2,888,763
VIII-5 RoyaltiesRelated to mission $196,093$196,093
VIII-6 Net rental income or lossExcluded from tax $193,650$193,650
VIII-7 Net gain or loss on sales of assetsUnrelated business −$715,376 · Excluded from tax $11,379,651$10,664,275
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $257,833 · Excluded from tax $13,294$271,127
VIII-12 Total revenueRelated to mission $204,203,852 · Unrelated business −$715,376 · Excluded from tax $14,475,358$249,568,152
Part IX · Statement of functional expenses $258,888,264 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $918,720$918,720
IX-2 Grants to domestic individualsPrograms $95,102,912$95,102,912
IX-3 Grants and assistance to foreign recipientsPrograms $197,159$197,159
IX-5 Pay of current officers, directors and key staffPrograms $464,516 · Management $3,461,472 · Fundraising $423,023$4,349,011
IX-6 Pay of disqualified personsFundraising $44,061$44,061
IX-7 Other salaries and wagesPrograms $62,473,495 · Management $12,845,555 · Fundraising $2,603,504$77,922,554
IX-8 Pension plan contributionsPrograms $4,011,989 · Management $847,914 · Fundraising $166,790$5,026,693
IX-9 Other employee benefitsPrograms $5,703,251 · Management $1,398,610 · Fundraising $266,642$7,368,503
IX-10 Payroll taxesPrograms $4,109,354 · Management $960,179 · Fundraising $189,886$5,259,419
IX-11a Management feesPrograms $667,904$667,904
IX-11b Legal feesPrograms $53,850 · Management $229,774$283,624
IX-11c Accounting feesManagement $288,660$288,660
IX-11e Professional fundraising feesFundraising $68,500$68,500
IX-11f Investment management feesManagement $3,394,493$3,394,493
IX-11g Other fees for servicesPrograms $7,743,238 · Management $1,602,764 · Fundraising $118,420$9,464,422
IX-12 Advertising and promotionPrograms $242,985 · Management $480,181 · Fundraising $1,869$725,035
IX-13 Office expensesPrograms $2,533,573 · Management $651,172 · Fundraising $349,163$3,533,908
IX-14 Information technologyPrograms $2,947,420 · Management $48,903 · Fundraising $39,115$3,035,438
IX-15 RoyaltiesPrograms $1,157,762 · Management $244,860 · Fundraising $109,371$1,511,993
IX-16 OccupancyPrograms $6,161,444 · Management $442,373 · Fundraising $54,610$6,658,427
IX-17 TravelPrograms $2,568,819 · Management $75,921 · Fundraising $136,598$2,781,338
IX-19 Conferences, conventions and meetingsPrograms $1,731,612 · Management $229,152 · Fundraising $433,058$2,393,822
IX-20 InterestPrograms $4,118,616 · Management $398,717 · Fundraising $1,469$4,518,802
IX-22 Depreciation, depletion and amortizationPrograms $9,554,567 · Management $1,184,849 · Fundraising $205,294$10,944,710
IX-23 InsurancePrograms $12,441 · Management $990,336 · Fundraising $32,580$1,035,357
IX-24 Other expenses (24a–d)Programs $9,519,584 · Management $12 · Fundraising $0$9,519,596
IX-24e All other expensesPrograms $21,239,473 · Management −$20,772,749 · Fundraising $1,406,479$1,873,203
IX-25 Total functional expensesPrograms $243,234,684 · Management $9,003,148 · Fundraising $6,650,432$258,888,264
Part X · Balance sheet $768,048,176 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $235,854$797,740
X-2 Savings and temporary cash investmentsStart of year $56,487,522$26,378,713
X-3 Pledges and grants receivableStart of year $8,477,856$12,811,777
X-4 Accounts receivableStart of year $1,855,270$1,957,526
X-8 Inventories for sale or useStart of year $1,460,161$1,322,614
X-9 Prepaid expenses and deferred chargesStart of year $4,369,134$4,587,859
X-10c Land, buildings and equipment, netStart of year $189,042,976$216,890,149
X-11 Publicly traded securitiesStart of year $11,470,961$12,612,126
X-12 Other securitiesStart of year $451,677,645$487,063,515
X-13 Program-related investmentsStart of year $1,365,639$876,568
X-15 Other assetsStart of year $2,068,210$2,749,589
X-16 Total assetsStart of year $728,511,228$768,048,176
X-17 Accounts payable and accrued expensesStart of year $23,860,351$20,459,300
X-19 Deferred revenueStart of year $10,492,371$9,467,568
X-24 Unsecured notes and loans payableStart of year $154,487,366$154,516,954
X-25 Other liabilitiesStart of year $12,412,147$11,401,961
X-26 Total liabilitiesStart of year $201,252,235$195,845,783
X-27 Net assets without donor restrictionsStart of year $132,424,916$140,309,313
X-28 Net assets with donor restrictionsStart of year $394,834,077$431,893,080
X-32 Total net assets or fund balancesStart of year $527,258,993$572,202,393
X-33 Total liabilities and net assetsStart of year $728,511,228$768,048,176
Part XI · Reconciliation of net assets $572,202,393 net assets at year end
XI-1 Total revenue$249,568,152
XI-2 Total expenses$258,888,264
XI-3 Revenue less expenses−$9,320,112
XI-4 Net assets at start of year$527,258,993
XI-5 Net unrealized gains (losses) on investments$54,865,897
XI-8 Prior period adjustments$1,487
XI-9 Other changes in net assets−$603,872
XI-10 Net assets at end of year$572,202,393

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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