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Nonprofiteer
← OBERLIN COLLEGE

Form 990 for tax year 2023

Filed by OBERLIN COLLEGE.

Totals

Total revenue
$467,773,605
Total expenses
$320,890,254
Contributions and grants received
$131,374,995
Grants paid
$103,432,203
Program service revenue
$246,058,589
Investment income
$90,290,051
Other revenue
$49,970
Total assets, end of year
$2,117,814,822
Total liabilities, end of year
$470,490,305
Net assets or fund balances, end of year
$1,647,324,517
Program services expenses (Part IX)
$299,643,477
Management and general expenses
$15,565,689
Fundraising expenses
$5,681,088
Program service expenses (Part III)
$299,643,477

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,464,516

  • 1f · All other contributions, gifts and grants

    $126,910,479

  • 1g · Noncash contributions included above

    $2,660,993

  • 2a · Program service revenue: Tuition and Fees

    total $193,802,982 · related or exempt $193,802,982

  • 2b · Program service revenue: Residential & Dining Services

    total $48,719,954 · related or exempt $48,719,954

  • 2c · Program service revenue: Educational Activities

    total $2,299,058 · related or exempt $2,299,058

  • 2d · Program service revenue: Summer Conference Program

    total $907,744 · related or exempt $907,744

  • 2e · Program service revenue: Auxiliary Services

    total $328,851 · related or exempt $328,851

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,989,657 · unrelated business $2,300,862 · excluded $4,688,795

  • 6a · Gross rents

    real property $124,045

  • 6b · Less rental expenses

    real property $74,075

  • 6c · Rental income or loss

    real property $49,970 · personal property $0

  • 6d · Net rental income or loss

    total $49,970 · excluded $49,970

  • 7a · Gross sales of assets other than inventory

    securities $165,875,536

  • 7b · Less cost or other basis and sales expenses

    securities $82,575,142

  • 7c · Gain or loss

    securities $83,300,394 · other assets $0

  • 7d · Net gain or loss

    total $83,300,394 · excluded $83,300,394

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $237,502 · program services $237,502

  • 2 · Grants to domestic individuals

    total $91,800,634 · program services $91,800,634

  • 3 · Grants to foreign organizations and individuals

    total $11,394,067 · program services $11,394,067

  • 5 · Compensation of officers, directors and key employees

    total $5,749,094 · program services $2,994,436 · management and general $2,415,141 · fundraising $339,517

  • 7 · Other salaries and wages

    total $75,838,775 · program services $69,068,413 · management and general $3,713,197 · fundraising $3,057,165

  • 8 · Pension plan contributions

    total $6,165,491 · program services $5,615,079 · management and general $301,873 · fundraising $248,539

  • 9 · Other employee benefits

    total $15,279,254 · program services $13,974,209 · management and general $657,598 · fundraising $647,447

  • 10 · Payroll taxes

    total $5,705,155 · program services $5,195,838 · management and general $279,334 · fundraising $229,983

  • 11b · Fees: legal

    total $2,137,605 · management and general $2,137,605

  • 11c · Fees: accounting

    total $263,430 · management and general $263,430

  • 11f · Fees: investment management

    total $2,476,064 · management and general $2,476,064

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $463,349 · program services $441,172 · management and general $4,695 · fundraising $17,482

  • 13 · Office expenses

    total $17,286,461 · program services $16,533,907 · management and general $671,862 · fundraising $80,692

  • 14 · Information technology

    total $2,119,179 · program services $2,119,179

  • 16 · Occupancy

    total $9,266,337 · program services $9,266,337

  • 17 · Travel

    total $3,634,892 · program services $2,795,926 · management and general $518,947 · fundraising $320,019

  • 20 · Interest

    total $6,585,032 · program services $6,585,032

  • 22 · Depreciation, depletion and amortization

    total $24,015,334 · program services $24,015,334

  • 23 · Insurance

    total $2,475,386 · program services $2,475,386

  • 24a · Other expenses: Other Expenses

    total $16,470,458 · program services $13,604,271 · management and general $2,125,943 · fundraising $740,244

  • 24b · Other expenses: Facilities Expense

    total $10,296,943 · program services $10,296,943

  • 24c · Other expenses: Study Away Programs

    total $4,414,009 · program services $4,414,009

  • 24d · Other expenses: Instruction Expense

    total $4,081,914 · program services $4,081,914

  • 24e · All other expenses

    total $2,733,889 · program services $2,733,889 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,986,537 · end of year $91,714,809

  • 2 · Savings and temporary cash investments

    beginning of year $78,989,001 · end of year $110,731,406

  • 3 · Pledges and grants receivable

    beginning of year $18,252,459 · end of year $115,876,786

  • 4 · Accounts receivable

    beginning of year $7,504,146 · end of year $7,786,455

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $13,147,366 · end of year $13,147,366

  • 8 · Inventories for sale or use

    beginning of year $138,410 · end of year $22,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,277,728 · end of year $1,576,517

  • 10a · Land, buildings and equipment: cost or other basis

    $1,070,153,153

  • 10b · Land, buildings and equipment: accumulated depreciation

    $523,551,283

  • 10c · Land, buildings and equipment, net

    beginning of year $459,428,328 · end of year $546,601,870

  • 11 · Investments: publicly traded securities

    beginning of year $693,127,253 · end of year $752,997,034

  • 12 · Investments: other securities

    beginning of year $475,641,953 · end of year $472,012,202

  • 13 · Investments: program-related

    beginning of year $5,457,436 · end of year $5,347,831

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,651,737 · end of year $31,542,971

  • 19 · Deferred revenue

    beginning of year $86,550 · end of year $403

  • 20 · Tax-exempt bond liabilities

    beginning of year $188,592,681 · end of year $217,195,908

  • 21 · Escrow or custodial account liability

    beginning of year $16,547,651 · end of year $16,845,365

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $191,618,654 · end of year $191,670,897

  • 25 · Other liabilities

    beginning of year $13,185,904 · end of year $13,234,761

  • 27 · Net assets without donor restrictions

    beginning of year $273,649,218 · end of year $329,553,567

  • 28 · Net assets with donor restrictions

    beginning of year $1,175,618,222 · end of year $1,317,770,950

Mission and programs · 2023

Mission

Oberlin College and Conservatory educate students for lives of intellectual, musical and artistic rigor and breadth, sustained inquiry, creativity and innovation, and leadership. Oberlin aims to prepare graduates with the knowledge, skills, and perspectives essential to confront complex issues and to create change and value in the world. Oberlin is committed to educational access and opportunity, embraces a diverse and inclusive residential learning environment defined by a free and respectful exchange of ideas, and shares an enduring commitment to a sustainable and just society.

Activities or mission (Part I)

SEE SCHEDULE O

  • Oberlin College is a liberal arts institution made up of the College of Arts & Sciences and the Conservatory of Music. The College served 2,950 full-time equivalent undergraduate students, awarding scholarships to 2,863 of them. The average student received $33,490 in financial aid. The College is essentially residential. The balance of the student body is housed in private off-campus housing within the City of Oberlin, Ohio.

    Expenses $299,643,477 · Grants $103,432,203 · Revenue $246,058,589

As filed on the 2023 return.

Listed in Part VII

  • CARMEN AMBAR

    PRESIDENT

    Total calculated
    $1,463,172
    From this org
    $1,182,298
    From related orgs
    $0
    Other
    $280,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $618,090
    Bonus
    $554,146
    Other
    $10,062
    Deferred
    $138,203
    Nontaxable benefits
    $142,671
    Filer's total
    $1,463,172

  • CHARLENE DREW JARVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHESLEY Maddox-Dorsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • CHUCK BIRENBAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA HOGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID E SHIPLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID S KRISCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • ED HELMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH Barajas-Romn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIC R KATZMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANCISCO X DOMINGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGIA YUAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Hozefa Lokhandwala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Isabel Tadmiri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JACOB A GAYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JULIA STEYN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KOFI ASARE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LEANNE C WAGNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • LEE KOONCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LILLIE JOHNSON EDWARDS

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    8

  • LISA YVETTE WALLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAGHAN KEITA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MENNA DEMESSIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MINSOK PAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MOLLY HORST RAPHAEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • ROBIN S BLACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SEAN P GAVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Srimoyi Gunja SARKAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE J DOLCEMASCHIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • T CHRIS CANAVAN

    Board Chair

    Total calculated
    $0
    Hours/week
    8

  • DAVID HERTZ

    Chief of Staff & Strategy Officer

    Total calculated
    $279,972
    From this org
    $223,530
    From related orgs
    $0
    Other
    $56,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,342
    Bonus
    $0
    Other
    $1,188
    Deferred
    $22,841
    Nontaxable benefits
    $33,601
    Filer's total
    $279,972

  • DAVID KAMITSUKA

    DEAN OF ARTS & SCIENCES

    Total calculated
    $389,969
    From this org
    $276,332
    From related orgs
    $0
    Other
    $113,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,144
    Bonus
    $0
    Other
    $1,188
    Deferred
    $77,200
    Nontaxable benefits
    $36,437
    Filer's total
    $389,969

  • JOSHUA JENSEN

    Vice President, Communications

    Total calculated
    $236,623
    From this org
    $203,810
    From related orgs
    $0
    Other
    $32,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,540
    Bonus
    $0
    Other
    $270
    Deferred
    $18,550
    Nontaxable benefits
    $14,263
    Filer's total
    $236,623

  • JULIENNE MELVIN

    Associate Vice President for Finance and Administration

    Total calculated
    $232,010
    From this org
    $178,655
    From related orgs
    $0
    Other
    $53,355
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $177,526
    Bonus
    $0
    Other
    $1,129
    Deferred
    $19,277
    Nontaxable benefits
    $34,078
    Filer's total
    $232,010

  • KAREN GOFF

    Vice President and Dean of Students

    Total calculated
    $364,940
    From this org
    $249,726
    From related orgs
    $0
    Other
    $115,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,312
    Bonus
    $0
    Other
    $414
    Deferred
    $21,945
    Nontaxable benefits
    $93,269
    Filer's total
    $364,940

  • MANUEL CARBALLO

    Vice President/Dean of Admissions & Financial Aid

    Total calculated
    $318,177
    From this org
    $247,710
    From related orgs
    $0
    Other
    $70,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,440
    Bonus
    $0
    Other
    $270
    Deferred
    $23,076
    Nontaxable benefits
    $47,391
    Filer's total
    $318,177

  • MATTHEW LAHEY

    Vice President, Gen Counsel & Secretary

    Total calculated
    $350,434
    From this org
    $280,131
    From related orgs
    $0
    Other
    $70,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,717
    Bonus
    $0
    Other
    $414
    Deferred
    $23,338
    Nontaxable benefits
    $46,965
    Filer's total
    $350,434

  • MICHAEL GRZESIAK

    Vice President, Advancement

    Total calculated
    $340,388
    From this org
    $278,741
    From related orgs
    $0
    Other
    $61,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,967
    Bonus
    $0
    Other
    $774
    Deferred
    $27,146
    Nontaxable benefits
    $34,501
    Filer's total
    $340,388

  • NATALIE WINKELFOOS

    Director Athletics & Physical Ed; Assoc VP Ath

    Total calculated
    $257,140
    From this org
    $212,876
    From related orgs
    $0
    Other
    $44,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,704
    Bonus
    $0
    Other
    $172
    Deferred
    $17,522
    Nontaxable benefits
    $26,742
    Filer's total
    $257,140

  • REBECCA VAZQUEZ-SKILLINGS

    Vice President for Finance and Administration

    Total calculated
    $363,935
    From this org
    $290,622
    From related orgs
    $0
    Other
    $73,313
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $290,208
    Bonus
    $0
    Other
    $414
    Deferred
    $26,448
    Nontaxable benefits
    $46,865
    Filer's total
    $363,935

  • WILLIAM QUILLEN

    DEAN OF CONSERVATORY

    Total calculated
    $336,967
    From this org
    $263,089
    From related orgs
    $0
    Other
    $73,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,909
    Bonus
    $0
    Other
    $180
    Deferred
    $22,644
    Nontaxable benefits
    $51,234
    Filer's total
    $336,967

  • JOSEPH VITALE JR

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $245,476
    From this org
    $206,829
    From related orgs
    $0
    Other
    $38,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,070
    Bonus
    $0
    Other
    $759
    Deferred
    $20,990
    Nontaxable benefits
    $17,657
    Filer's total
    $245,476

  • JUN YANG

    CHIEF INVESTMENT OFFICER

    Total calculated
    $954,374
    From this org
    $869,917
    From related orgs
    $0
    Other
    $84,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,462
    Bonus
    $393,681
    Other
    $774
    Deferred
    $30,400
    Nontaxable benefits
    $54,057
    Filer's total
    $954,374

  • KEVIN BROWN

    CHIEF FACILITIES OFFICER

    Total calculated
    $247,993
    From this org
    $225,200
    From related orgs
    $0
    Other
    $22,793
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $224,426
    Bonus
    $0
    Other
    $774
    Deferred
    $21,954
    Nontaxable benefits
    $839
    Filer's total
    $247,993

  • MARCEL MUTSINDASHYAKA

    Chief Information Officer

    Total calculated
    $266,840
    From this org
    $225,244
    From related orgs
    $0
    Other
    $41,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,082
    Bonus
    $0
    Other
    $162
    Deferred
    $1,433
    Nontaxable benefits
    $40,163
    Filer's total
    $266,840

  • JEFFERY WITMER

    PROFESSOR

    Total calculated
    $257,237
    From this org
    $209,086
    From related orgs
    $0
    Other
    $48,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,914
    Bonus
    $0
    Other
    $1,172
    Deferred
    $21,134
    Nontaxable benefits
    $27,017
    Filer's total
    $257,237

  • JOHN DUCA

    PROFESSOR

    Total calculated
    $263,559
    From this org
    $239,644
    From related orgs
    $0
    Other
    $23,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,456
    Bonus
    $0
    Other
    $1,188
    Deferred
    $23,076
    Nontaxable benefits
    $839
    Filer's total
    $263,559

  • KATARZYNA KARAPUDA

    Associate Director of Investments

    Total calculated
    $280,126
    From this org
    $258,632
    From related orgs
    $0
    Other
    $21,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,061
    Bonus
    $53,398
    Other
    $173
    Deferred
    $20,677
    Nontaxable benefits
    $817
    Filer's total
    $280,126

  • MARC BLECHER

    James Monroe Professor

    Total calculated
    $241,172
    From this org
    $193,027
    From related orgs
    $0
    Other
    $48,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,334
    Bonus
    $0
    Other
    $1,693
    Deferred
    $19,811
    Nontaxable benefits
    $28,334
    Filer's total
    $241,172

  • PETER SLOWIK

    Professor

    Total calculated
    $233,440
    From this org
    $211,700
    From related orgs
    $0
    Other
    $21,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,593
    Bonus
    $0
    Other
    $2,107
    Deferred
    $20,781
    Nontaxable benefits
    $959
    Filer's total
    $233,440

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
The university president resides in a university owned house as required by contract. The House is located on campus and is used by the president for university functions including Receptions, dinners and other business events. The sect. 119 rules are met and, as a result, The fair market value of this benefit is considered nontaxable compensation to the President. Karen Goff also receives a nontaxable housing allowance out of convenience for the University.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The following individuals participate in a 457(f) plan that is considered a supplemental non-qualified retirement plan. For year ended June 30, 2024 the following employer contributions were made: Carmen Twillie Ambar: $100,000 David Kamitsuka: $49,980

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts (1)

    Trust · Charitable Trust · NY

  • Charitable Remainder Trusts (7)

    Trust · Charitable Trust · OH

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202540979349300224

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