Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 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
48 people listed on the 990; $5.2M paid to officers and key staff.
Kelsey Deshler’s $926K as Chief Investment Officer is at the 71st 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 |
|---|---|---|---|---|---|---|
| Steven G Poskanzer | $191,161 | $186,576 | $371,884 | $929,007 | $490,860 | $501,366 |
| Kelsey Deshler | $925,537 | $928,506 | $789,397 | $682,497 | $524,127 | $662,584 |
| Alison Byerly | $736,099 | $700,689 | $669,567 | $309,081 | — | — |
| Timothy Griffeth | $508,373 | $597,384 | $514,098 | $446,348 | $362,832 | $342,367 |
| Thomas Bonner | — | $437,791 | $365,733 | $412,431 | $343,358 | $348,313 |
| Eric Runestad | $368,659 | $333,913 | $315,339 | $288,080 | $137,094 | — |
| Frederick a Rogers | — | — | — | — | $345,305 | $352,662 |
| Beverly Nagel | — | — | $335,585 | $337,224 | $320,902 | $324,466 |
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
Provides an exceptional undergraduate liberal arts education alongside residential student services, co-curricular activities, and recreational opportunities for over 2,000 students.
Questions for Carleton College
Your first name shows with your question. Carleton College answers here, for everyone.
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Instruction
Carleton college exists to provide an exceptional liberal arts education for students, preparing them for leadership in their communities, countries and the world (2,086 students). A student - faculty ratio of 8:1 supports classroom, laboratory, off-campus study and research opportunities, average class size is 16, student financial aid…
Academic Support
Programs to enhance the carleton liberal arts experience with library and information technology resources (2,086 students).
Student Services Programs
Programs designed to support the residential carleton college student life experience including co-curricular and recreational opportunities (2,086 students).
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 | $37.1M | $60.9M |
| InvestmentsLn 11–13 | $1.38B | $1.46B |
| Land, buildings, equipmentLn 10c | $392.9M | $418.3M |
| Total assetsLn 16 | $1.88B | $1.99B |
| LiabilitiesLn 26 | $230.5M | $222.0M |
| Net assetsLn 32 | $1.65B | $1.77B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.8M | $1.8M | ||
| Grants to domestic individualsLn 2 | $68.1M | $68.1M | ||
| Pay of current officers, directors and key staffLn 5 | $3.1M | $212K | $2.4M | $446K |
| Pay of disqualified personsLn 6 | $377K | $75K | $220K | $81K |
| Other salaries and wagesLn 7 | $80.4M | $71.3M | $6.2M | $2.8M |
| Pension plan contributionsLn 8 | $7.2M | $5.6M | $1.3M | $328K |
| Other employee benefitsLn 9 | $10.8M | $9.4M | $869K | $445K |
| Payroll taxesLn 10 | $5.6M | $4.7M | $632K | $247K |
| Legal feesLn 11b | $500K | $500K | ||
| Accounting feesLn 11c | $101K | $101K | ||
| Investment management feesLn 11f | $5.2M | $5.2M | ||
| Other fees for servicesLn 11g | $8.7M | $5.7M | $1.9M | $1.2M |
| Advertising and promotionLn 12 | $82K | $13K | $52K | $17K |
| Office expensesLn 13 | $4.8M | $4.3M | $521K | |
| Information technologyLn 14 | $3.8M | $3.5M | $271K | $57K |
| OccupancyLn 16 | $9.5M | $9.5M | ||
| TravelLn 17 | $9.0M | $8.3M | $245K | $459K |
| Conferences, conventions and meetingsLn 19 | $1.4M | $970K | $183K | $198K |
| InterestLn 20 | $4.2M | $4.2M | ||
| Depreciation, depletion and amortizationLn 22 | $16.1M | $16.0M | $104K | $11K |
| InsuranceLn 23 | $1.4M | $586K | $786K | $575 |
| Other expenses (24a–d)Ln 24 | $19.2M | $17.9M | $1.2M | $103K |
| Total functional expensesLn 25 | $261.2M | $232.1M | $22.2M | $6.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $315.1M | $261.2M | $53.8M | $1.8B | 990 PDF |
| FY2024 | $279.0M | $254.0M | $25.0M | $1.7B | 990 PDF |
| FY2023 | $296.5M | $240.0M | $56.5M | $1.6B | 990 PDF |
| FY2022 | $281.0M | $223.8M | $57.1M | $1.5B | 990 PDF |
| FY2021 | $320.8M | $203.4M | $117.4M | $1.6B | 990 PDF |
| FY2020 | $240.3M | $199.4M | $40.8M | $1.2B | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $315,082,412 revenue, 12 lines filed
Part VI · Governance 33 of 34 board members independent, no flags
Part VIII · Statement of revenue $315,082,412 across 11 lines filed
Part IX · Statement of functional expenses $261,238,790 across 22 lines filed
Part X · Balance sheet $1,992,369,854 assets, 20 lines filed
Part XI · Reconciliation of net assets $1,770,355,136 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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