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CARLETON COLLEGE

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Public IRS 990 nonprofit record

CARLETON COLLEGE

EIN 41-0694747 · Education (B42Z)

What they do

SEE SCHEDULE O.FOUNDED IN 1866, CARLETON COLLEGE is A PRIVATE, COEDUCATIONAL LIBERAL ARTS COLLEGE of 2,007 STUDENTS LOCATED IN THE HISTORIC RIVER TOWN of NORTHFIELD, MINNESOTA. NATIONALLY RECOGNIZED AS THE NATIONS TOP COLLEGE for UNDERGRADUATE TEACHING, CARLETON is KNOWN for ITS ACADEMIC RIGOR, INTELLECTUAL CURIOSITY, and SENSE of HUMOR. CARLETON OFFERS 33 MAJORS and 40 MINORS IN THE ARTS, HUMANITIES, NATURAL SCIENCES, MATHEMATICS, and SOCIAL SCIENCESTHE CARLETON COLLEGE MISSION is to PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION. THE COLLEGE is DEVOTED to ACADEMIC EXCELLENCE, DISTINGUISHED BY THE CREATIVE INTERPLAY of TEACHING, LEARNING, and SCHOLARSHIP and is DEDICATED to A DIVERSE RESIDENTIAL COMMUNITY and EXTENSIVE INTERNATIONAL ENGAGEMENTS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $88.80 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 leaders48 people are listed in the latest report.

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

Money made simple

73.66%of revenue went to mission work88.8% of expenses · Program services
2.20%of revenue went to fundraising2.7% of expenses
$82.91spent for every $100 of revenueRevenue covered expenses this year.
7.05%of revenue went to management and office costs8.5% of expenses
$7.63in assets for every $1 spent this yearSome assets cannot be spent right away.
13.1%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.

Pay context: The highest compensation shown in this filing is $997,616 for KELSEY DESHLER (CHIEF INVESTMENT OFFICER). 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$315,082,412
Mission workProgram services$232,083,93373.66% of revenue88.8% of expenses
ManagementOffice and general costs$22,225,6737.05% of revenue8.5% of expenses
FundraisingAsking for donations$6,929,1842.20% of revenue2.7% of expenses
Revenue left after expensesReported annual surplus$53,843,62217.09% of revenueShown in gray on the chart
Total expenses$261,238,79082.91% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 88.8% mission · 8.5% management · 2.7% fundraisingTotal expenses: 82.91% of revenue
2023Expense mix: 87.2% mission · 10.3% management · 2.5% fundraisingTotal expenses: 91.05% of revenue
2022Expense mix: 87.8% mission · 9.3% management · 2.9% fundraisingTotal expenses: 80.93% of revenue
2021Expense mix: 85.8% mission · 11.1% management · 3.1% fundraisingTotal expenses: 79.67% of revenue
2020Expense mix: 86.1% mission · 10.9% management · 3.0% fundraisingTotal expenses: 63.41% of revenue
2019Expense mix: 86.0% mission · 10.6% management · 3.3% fundraisingTotal expenses: 83.00% of revenue
2018Expense mix: 85.4% mission · 11.3% management · 3.3% fundraisingTotal expenses: 82.10% of revenue
2017Expense mix: 85.8% mission · 10.8% management · 3.4% fundraisingTotal expenses: 76.31% of revenue

Money in and money out

Revenue$315,082,412
Expenses$261,238,790
Annual surplus $53,843,622 Revenue was higher than expenses 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)$232,083,933 · 88.8% of expenses
Management and office costs$22,225,673 · 8.5% of expenses
Fundraising$6,929,184 · 2.7% of expenses
See all reported dollar amounts
Revenue$315,082,412
Expenses$261,238,790
Assets$1,992,369,854
Income$299,525,564
Contributions$41,295,400
Mission work (program services)$232,083,933
Fundraising$6,929,184
Grants given$4,872,800
Average grant$51,293
Management and general$22,225,673
Executive compensation (total)$3,700,830
Stocks and bonds$662,416,976
Accounting fees$101,466
Investing fees$5,242,989
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
KELSEY DESHLERCHIEF INVESTMENT OFFICER · 60 hrs/week $997,616Base $925,537 · Other $72,079
ALISON BYERLYPRESIDENT · 60 hrs/week $863,204Base $736,099 · Other $127,105
TIMOTHY GRIFFETHDIRECTOR OF INVESTMENTS · 60 hrs/week $576,851Base $508,373 · Other $68,478
ERIC RUNESTADVP AND TREASURER · 60 hrs/week $436,091Base $368,659 · Other $67,432
MICHELLE MATTSONPROVOST & VP OF ACADEMIC AFFAIRS · 60 hrs/week $372,164Base $326,550 · Other $45,614
CAROLYN H LIVINGSTONVP FOR STUDENT LIFE & DEAN OF STUDENTS · 60 hrs/week $356,582Base $249,000 · Other $107,582
ART D RODRIGUEZVP & DEAN OF ADMISSIONS & FINANCIAL AID · 60 hrs/week $343,937Base $278,981 · Other $64,956
DAREN BATKEVP OF DEVELOPMENT & ALUMNI RELATIONS · 60 hrs/week $343,239Base $304,142 · Other $39,097
MICHAEL T HEMESATHPROFESSOR OF ECONOMICS · 60 hrs/week $303,236Base $243,861 · Other $59,375
ELISE ESLINGERCHIEF OF STAFF · 60 hrs/week $293,786Base $234,323 · Other $59,463
JULIE J NEIWORTHPROFESSOR OF PSYCHOLOGY · 60 hrs/week $266,008Base $236,697 · Other $29,311
JEFF DSIDAASSOCIATE DIRECTOR OF INVESTMENTS · 60 hrs/week $256,050Base $227,426 · Other $28,624

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 (48)

KELSEY DESHLERCHIEF INVESTMENT OFFICER

ALISON BYERLYPRESIDENT

TIMOTHY GRIFFETHDIRECTOR OF INVESTMENTS

ERIC RUNESTADVP AND TREASURER

MICHELLE MATTSONPROVOST & VP OF ACADEMIC AFFAIRS

CAROLYN H LIVINGSTONVP FOR STUDENT LIFE & DEAN OF STUDENTS

ART D RODRIGUEZVP & DEAN OF ADMISSIONS & FINANCIAL AID

DAREN BATKEVP OF DEVELOPMENT & ALUMNI RELATIONS

MICHAEL T HEMESATHPROFESSOR OF ECONOMICS

ELISE ESLINGERCHIEF OF STAFF

JULIE J NEIWORTHPROFESSOR OF PSYCHOLOGY

JEFF DSIDAASSOCIATE DIRECTOR OF INVESTMENTS

DAN RUSTADVP OF EXTERNAL RELATIONS (INTERIM)

STEVEN G POSKANZERPRESIDENT (FORMER)

GRETCHEN E HOFMEISTERDEAN OF THE COLLEGE INTERIM (FORMER)

BRAD NORDHOLMTRUSTEE

CANDACE WILLIAMSTRUSTEE

KURCHI BASUTRUSTEE

LESLIE KAUTZTRUSTEE

LIA GORETRUSTEE

MARK APPLEBAUMTRUSTEE

MICHAEL HASENSTABTRUSTEE

MICHAEL WIEBOLTTRUSTEE

BRENT IRVINTRUSTEE

CATHY PAGLIATRUSTEE CHAIR

NONOKO SATOTRUSTEE

PAM KIECKER ROYALLTRUSTEE

RAUL RAYMUNDOTRUSTEE

SARA HAYSTRUSTEE

BOLUWATIFE JOHNSONTRUSTEE

VINAYA CHEPURITRUSTEE

HERB FRITCHTRUSTEE

DASHINI JEYATHURAITRUSTEE

DAVID DIAMONDTRUSTEE

DAVID SMITHTRUSTEE

ELIZABETH BAUSCHTRUSTEE

ELIZABETH KINGTRUSTEE

EMILY BARRTRUSTEE

CHRISTIAN LEETRUSTEE

GREG AMUSUTRUSTEE

JUSTIN WENDERTRUSTEE

ALAN BAUERTRUSTEE

JENINNE MCGEETRUSTEE VICE CHAIR

JENNIFER PIETENPOLTRUSTEE

JOHN HARRISSECRETARY

JOHN YOUNGBLOODTRUSTEE

JONATHAN CAPEHARTTRUSTEE

DANA WRIGHTTRUSTEE

About this charity

Recognized since
January 1938
Location
1 N COLLEGE ST, NORTHFIELD, MN 55057-4001
County
Rice
In care of
% ERIC RUNESTAD
Primary officer
ERIC RUNESTAD, VP & TREASURER

How to reach them

WebsiteVisit the charity’s website Emailhr@carleton.edu Phone(507) 222-4000

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Education (B42Z)
IRS tax category
Colleges, Universities, and Professional Schools
Grant-giving organization
Yes

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

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