Carleton College FY2023 filing
Provides an exceptional undergraduate liberal arts education alongside residential student services, co-curricular activities, and recreational opportunities for over 2,000 students. For fiscal year 2023 it reported $296.5M in revenue, $240.0M in expenses, and $1.6B in net assets.Pt I
- Founded
- 1866
- Type
- Higher education institution · Colleges & Universities
- Location
- Northfield, MN
- Website
- www.carleton.edu
- Filings
- 6 on file (2020–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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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Where the work happens
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).
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 15% | — | — |
| Revenue growth | 6% | — | — |
| Investment management fee ratio | 0.4% | — | — |
| Legal fee ratio | 0.06% | — | — |
| Accounting fee ratio | 0.04% | — | — |
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
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Filings & Schedule Manifest
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Sources
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