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
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
44 people listed on the 990; $4.8M 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.
See Carleton College executive salaries →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.
Instruction
Carleton college exists to provide an exceptional liberal arts education for students, preparing them for leadership in their communities, countries and the world (2,007 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 (2,007 students).
Auxiliary Enterprises
Carleton college maintains a rural residential campus to enhance the educational experience of the student body with room and board programs designed to encourage a spirit of collegiality and conversation beyond the classroom and laboratory (1,931 students).
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 21 smaller programs.
The auditor reported 10 findings: a weakness in money controls, questioned costs.
Plus 25 smaller programs.
The auditor reported 5 findings: a weakness in money controls.
Plus 24 smaller programs.
The auditor reported 5 findings: a weakness in money controls.
Plus 19 smaller programs.
The auditor reported no findings.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.18B | $1.11B | $1.18B | $877.3M | $907.3M |
| Given inLn 1b | $16.0M | $24.2M | $63.4M | $23.1M | $29.1M |
| SpentLn 1d–1f | $56.6M | $56.9M | $53.6M | $50.5M | $48.1M |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $31.7M | $31.7M |
| InvestmentsLn 11–13 | $1.23B | $1.30B |
| Land, buildings, equipmentLn 10c | $358.6M | $359.6M |
| Total assetsLn 16 | $1.66B | $1.73B |
| LiabilitiesLn 26 | $167.3M | $162.2M |
| Net assetsLn 32 | $1.49B | $1.57B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $257K | $257K | ||
| Grants to domestic individualsLn 2 | $56.7M | $56.7M | ||
| Pay of current officers, directors and key staffLn 5 | $2.8M | $231K | $2.3M | $273K |
| Pay of disqualified personsLn 6 | $387K | $77K | $222K | $87K |
| Other salaries and wagesLn 7 | $71.3M | $63.6M | $5.1M | $2.7M |
| Pension plan contributionsLn 8 | $6.6M | $5.4M | $976K | $277K |
| Other employee benefitsLn 9 | $12.7M | $10.0M | $2.2M | $527K |
| Payroll taxesLn 10 | $5.1M | $4.4M | $557K | $216K |
| Legal feesLn 11b | $151K | $151K | ||
| Accounting feesLn 11c | $106K | $106K | ||
| Investment management feesLn 11f | $7.0M | $7.0M | ||
| Other fees for servicesLn 11g | $11.4M | $9.2M | $1.4M | $803K |
| Advertising and promotionLn 12 | $89K | $33K | $55K | |
| Office expensesLn 13 | $4.3M | $3.7M | −$3K | $692K |
| Information technologyLn 14 | $3.2M | $3.0M | $109K | $49K |
| OccupancyLn 16 | $9.9M | $9.9M | ||
| TravelLn 17 | $8.7M | $8.0M | $180K | $434K |
| Conferences, conventions and meetingsLn 19 | $1.9M | $1.0M | $164K | $671K |
| InterestLn 20 | $4.8M | $4.8M | ||
| Depreciation, depletion and amortizationLn 22 | $14.8M | $14.7M | $93K | $11K |
| InsuranceLn 23 | $1.5M | $757K | $731K | $393 |
| Other expenses (24a–d)Ln 24 | $16.3M | $15.1M | $1.0M | $235K |
| Total functional expensesLn 25 | $240.0M | $210.7M | $22.3M | $6.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 8, 2026 | $315.1M | $261.2M | $53.8M | $1.8B | 990 PDF |
| FY2024Filed with the IRS Apr 12, 2025 | $279.0M | $254.0M | $25.0M | $1.7B | 990 PDF |
| FY2023 ViewingFiled with the IRS Apr 12, 2024 | $296.5M | $240.0M | $56.5M | $1.6B | 990 PDF |
| FY2022Filed with the IRS May 13, 2023 | $281.0M | $223.8M | $57.1M | $1.5B | 990 PDF |
| FY2021Filed with the IRS Apr 20, 2022 | $320.8M | $203.4M | $117.4M | $1.6B | 990 PDF |
| FY2020Filed with the IRS Apr 7, 2021 | $240.3M | $199.4M | $40.8M | $1.2B | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $296,522,250 revenue, 12 lines filed
Part VI · Governance 30 of 31 board members independent, no flags
Part VIII · Statement of revenue $296,522,250 across 11 lines filed
Part IX · Statement of functional expenses $239,981,775 across 22 lines filed
Part X · Balance sheet $1,727,307,245 assets, 21 lines filed
Part XI · Reconciliation of net assets $1,565,084,762 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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