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NICHOLS COLLEGE

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Public IRS 990 nonprofit record

NICHOLS COLLEGE

EIN 04-2104778 · Education (B420)

What they do

NICHOLS COLLEGE is COMMITTED to PROVIDING THE BEST CAREER-FOCUSED BUSINESS EDUCATION IN NEW ENGLAND. MORE THAN 94 PERCENT of GRADUATES ARE EMPLOYED IN WORK RELATED to THEIR MAJOR.A DYNAMIC BUSINESS PROGRAM is PARALLELED BY COMPREHENSIVE PROGRAMS IN THE LIBERAL ARTS. ON THE GRADUATE LEVEL, THIS INCLUDES NICHOLS MBA and MASTER of SCIENCE DEGREES IN ACCOUNTING, ORGANIZATIONAL LEADERSHIP and COUNTERTERRORISM, IN ADDITION, ACCELERATED and ONLINE FORMATS ARE OFFERRED to ADULT POPULATIONS. THE FRIENDLY, NURTURING CAMPUS IN DUDLEY, MASS. OFFERS A BROAD SPECTRUM of CO-CURRICULAR ACTIVITIES and A FULL RANGE of ATHLETIC OPPORTUNITIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $85.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.39%of revenue went to mission work85.7% of expenses · Program services
1.46%of revenue went to fundraising1.4% of expenses
$105.52spent for every $100 of revenueSpending was higher than revenue this year.
13.67%of revenue went to management and office costs13.0% of expenses
$1.59in assets for every $1 spent this yearSome assets cannot be spent right away.
5.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,575,584 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $336,854 for WILLIAM PIECZYNSKI (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$64,752,135
Mission workProgram services$58,531,29290.39% of revenue85.7% of expenses
ManagementOffice and general costs$8,851,28113.67% of revenue13.0% of expenses
FundraisingAsking for donations$945,1461.46% of revenue1.4% of expenses
Total expenses$68,327,719105.52% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 85.7% mission · 13.0% management · 1.4% fundraisingTotal expenses: 105.52% of revenue
2023Expense mix: 84.7% mission · 13.6% management · 1.7% fundraisingTotal expenses: 107.56% of revenue
2022Expense mix: 85.8% mission · 12.4% management · 1.9% fundraisingTotal expenses: 105.11% of revenue
2021Expense mix: 85.5% mission · 12.8% management · 1.7% fundraisingTotal expenses: 98.49% of revenue
2020Expense mix: 83.5% mission · 14.8% management · 1.7% fundraisingTotal expenses: 94.31% of revenue
2019Expense mix: 85.9% mission · 12.3% management · 1.8% fundraisingTotal expenses: 87.61% of revenue
2018Expense mix: 86.9% mission · 11.2% management · 1.9% fundraisingTotal expenses: 95.69% of revenue
2017Expense mix: 86.8% mission · 11.2% management · 2.0% fundraisingTotal expenses: 92.93% of revenue

Money in and money out

Revenue$64,752,135
Expenses$68,327,719
Annual shortfall $3,575,584 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$58,531,292 · 85.7% of expenses
Management and office costs$8,851,281 · 13.0% of expenses
Fundraising$945,146 · 1.4% of expenses
See all reported dollar amounts
Revenue$64,752,135
Expenses$68,327,719
Assets$108,811,740
Income$73,756,505
Contributions$3,389,002
Mission work (program services)$58,531,292
Fundraising$945,146
Management and general$8,851,281
Stocks and bonds$42,526,122
Accounting fees$74,482
Investing fees$106,338
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
WILLIAM PIECZYNSKIPRESIDENT · 38 hrs/week $336,854Base $304,294 · Other $32,560
KEVIN MENTZERFACULTY · 38 hrs/week $235,326Base $205,291 · Other $30,035
DANIEL BORGIAPROVOST · 38 hrs/week $230,418Base $196,271 · Other $34,147
ROBERT LAVIGNEVP FOR OPERATIONS · 38 hrs/week $220,047Base $199,403 · Other $20,644
DARCY VANGELVP FOR HUMAN RESOURCES · 38 hrs/week $207,089Base $178,022 · Other $29,067
JACK HAYESVP OF ATHLETICS · 38 hrs/week $197,166Base $168,142 · Other $29,024
MAURI PELTOASSOCIATE PROVOST AND ACCR · 38 hrs/week $185,026Base $156,511 · Other $28,515
EDWARD CROWLEYFORMER CFO · 38 hrs/week $178,227Base $170,529 · Other $7,698
MICHAEL CROWLEYVP FOR ADMISSIONS · 38 hrs/week $175,558Base $152,182 · Other $23,376
JAMIE BAMBERCFO · 38 hrs/week $56,281Base $49,725 · Other $6,556

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

WILLIAM PIECZYNSKIPRESIDENT

KEVIN MENTZERFACULTY

DANIEL BORGIAPROVOST

ROBERT LAVIGNEVP FOR OPERATIONS

DARCY VANGELVP FOR HUMAN RESOURCES

JACK HAYESVP OF ATHLETICS

MAURI PELTOASSOCIATE PROVOST AND ACCR

EDWARD CROWLEYFORMER CFO

MICHAEL CROWLEYVP FOR ADMISSIONS

JAMIE BAMBERCFO

THOMAS S LODGETRUSTEE

MADISON PERROTTITRUSTEE

WAYNE ARCHAMBOTRUSTEE

PETER L LYNCHTRUSTEE

RANDALL V BECKERCHAIR OF THE BOARD

RICHARD T MOORETRUSTEE

THOMAS J HALLTRUSTEE

ROBERT B KUPPENHEIMERTRUSTEE

STEFANY C MENDEZTRUSTEE

JONATHAN M BIRTWELLTRUSTEE

STEPHEN A DAVISTREASURER

TAMMY WOLF SMYRLTRUSTEE

TAYLOR CORNELLTRUSTEE

LINDSEY RUGGTRUSTEE

JOSEPH T BARTULIS JRSECRETARY

ANNA DYAKIVTRUSTEE

JOHN H MCCLUTCHYTRUSTEE

JOHN H DAVISTRUSTEE

JENNIE L CAISSIETRUSTEE

JAMES W COGHLIN SRTRUSTEE

JAMES C BROWNTRUSTEE

JAIME PARIS BOISVERTTRUSTEE

EDWIN B DONAHUETRUSTEE

EDMOND J LANDRY IIITRUSTEE

DAVID G HALETRUSTEE

DAVID G BEDARDTRUSTEE

CYNTHIA A BEGINTRUSTEE

CAROLYN BURKEVICE CHAIR OF THE BOARD

ASUMAN GOKSELTRUSTEE

About this charity

Recognized since
January 1943
Location
123 CENTER RD, DUDLEY, MA 01571-6315
County
Worcester
In care of
% SHARON BERRY
Primary officer
JAMIE BAMBER, CFO

How to reach them

WebsiteVisit the charity’s website Emailadmissions@nichols.edu Phone(508) 213-1560 Officer phone(508) 213-2131

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BOLLUS LYNCH LLP
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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