Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1948.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
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
51 people listed on the 990; $5.7M paid to officers and key staff.
Jun Yang’s $755K as Chief Investment Officer is at the 63rd 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Carmen Ambar | $592,962 | $1,182,298 | — | — | — | — |
| Jun Yang | $755,043 | $869,917 | $766,519 | $645,121 | $675,139 | $383,485 |
| Carmen Twillie Ambar | — | — | $546,865 | $512,585 | $497,528 | — |
| Carmen Twillie Amber | — | — | — | — | — | $480,401 |
| Timothy E Elgren | — | — | — | — | — | $320,082 |
| Rebecca Vazquez-Skillings | $287,608 | $290,622 | — | — | — | — |
| Matthew Lahey | $281,689 | $280,131 | $286,119 | — | — | — |
| Michael Grzesiak | $268,315 | $278,741 | $256,604 | $248,577 | $270,576 | — |
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
Educates undergraduate students through rigorous liberal arts and music conservatory programs, preparing them for leadership and creative problem-solving in a residential campus setting.
Questions for Oberlin College
Your first name shows with your question. Oberlin College answers here, for everyone.
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Oberlin College is a liberal arts institution made up of the College of Arts & Sciences and the Conservatory of Music. The College served 2,886 full-time equivalent undergraduate students, awarding scholarships to 2,957 of them. The average student received $37,555 in financial aid. The College is essentially residential.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $202.4M | $178.3M |
| InvestmentsLn 11–13 | $1.23B | $1.41B |
| Land, buildings, equipmentLn 10c | $546.6M | $600.3M |
| Total assetsLn 16 | $2.12B | $2.23B |
| LiabilitiesLn 26 | $470.5M | $453.3M |
| Net assetsLn 32 | $1.65B | $1.78B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $274K | $274K | ||
| Grants to domestic individualsLn 2 | $98.4M | $98.4M | ||
| Grants and assistance to foreign recipientsLn 3 | $12.6M | $12.6M | ||
| Pay of current officers, directors and key staffLn 5 | $5.8M | $2.9M | $2.5M | $348K |
| Other salaries and wagesLn 7 | $80.7M | $73.2M | $4.4M | $3.1M |
| Pension plan contributionsLn 8 | $6.6M | $6.0M | $359K | $255K |
| Other employee benefitsLn 9 | $19.5M | $19.1M | $154K | $314K |
| Payroll taxesLn 10 | $6.1M | $5.5M | $331K | $235K |
| Legal feesLn 11b | $1.2M | $1.2M | ||
| Accounting feesLn 11c | $190K | $190K | ||
| Lobbying feesLn 11d | $103K | $103K | ||
| Investment management feesLn 11f | $2.7M | $2.7M | ||
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $487K | $464K | $5K | $18K |
| Office expensesLn 13 | $15.5M | $14.8M | $602K | $72K |
| Information technologyLn 14 | $2.3M | $2.3M | ||
| OccupancyLn 16 | $9.0M | $9.0M | ||
| TravelLn 17 | $4.9M | $3.7M | $694K | $428K |
| InterestLn 20 | $6.5M | $6.5M | ||
| Depreciation, depletion and amortizationLn 22 | $26.5M | $26.5M | ||
| InsuranceLn 23 | $2.5M | $2.5M | ||
| Other expenses (24a–d)Ln 24 | $24.6M | $24.6M | ||
| All other expensesLn 24e | $18.0M | $12.8M | $4.4M | $831K |
| Total functional expensesLn 25 | $344.4M | $321.2M | $17.6M | $5.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $363.0M | $344.4M | $18.5M | $1.8B | 990 PDF |
| FY2024 | $467.8M | $320.9M | $146.9M | $1.6B | 990 PDF |
| FY2023 | $344.0M | $309.1M | $34.8M | $1.4B | 990 PDF |
| FY2022 | $421.3M | $286.1M | $135.2M | $1.4B | 990 PDF |
| FY2021 | $275.4M | $251.3M | $24.2M | $1.5B | 990 PDF |
| FY2020 | $305.5M | $257.9M | $47.7M | $1.1B | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $362,974,600 revenue, 12 lines filed
Part VI · Governance 30 of 31 board members independent, no flags
Part VIII · Statement of revenue $362,974,600 across 12 lines filed
Part IX · Statement of functional expenses $344,444,539 across 23 lines filed
Part X · Balance sheet $2,233,785,743 assets, 24 lines filed
Part XI · Reconciliation of net assets $1,780,522,291 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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