TRUSTEES OF BOSTON COLLEGE

EIN: 042103545 501(c)(3) Education

CHESTNUT HILL, MA

Total Revenue
$1,838,532,376
Total Expenses
$1,504,254,811
Total Assets
$7,724,895,187
Net Assets
$5,631,195,728
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Organization Details

Formation Year
1863
Legal Domicile
MA
Principal Officer
WILLIAM P LEAHY SJ
Phone
6175523363
Tax Period
2024-06-01 to 2025-05-31

TRUSTEES OF BOSTON COLLEGE, founded in 1863, is a large national nonprofit in the Education sector that reported $1.8B in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $334.3M, a strong 18% operating margin.

Mission

MISSION STRENGTHENED BY MORE THAN A CENTURY AND A HALF OF DEDICATION TO ACADEMIC EXCELLENCE, BOSTON COLLEGE COMMITS ITSELF TO THE HIGHEST STANDARDS OF TEACHING AND RESEARCH IN UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS AND TO THE PURSUIT OF A JUST SOCIETY THROUGH ITS OWN ACCOMPLISHMENTS, THE WORK OF ITS FACULTY AND STAFF, AND THE ACHIEVEMENTS OF ITS GRADUATES. IT SEEKS BOTH TO ADVANCE ITS PLACE AMONG THE NATION'S FINEST UNIVERSITIES AND TO BRING TO THE COMPANY OF ITS DISTINGUISHED PEERS AND TO CONTEMPORARY SOCIETY THE RICHNESS OF THE CATHOLIC INTELLECTUAL IDEAL OF A MUTUALLY ILLUMINATING RELATIONSHIP BETWEEN RELIGIOUS FAITH AND FREE INTELLECTUAL INQUIRY. BOSTON COLLEGE DRAWS INSPIRATION FOR ITS ACADEMIC AND SOCIETAL MISSION FROM ITS DISTINCTIVE RELIGIOUS TRADITION. AS A CATHOLIC AND JESUIT UNIVERSITY, IT IS ROOTED IN A WORLD VIEW THAT ENCOUNTERS GOD IN ALL CREATION AND THROUGH ALL HUMAN ACTIVITY, ESPECIALLY IN THE SEARCH FOR TRUTH IN EVERY DISCIPLINE, IN THE DESIRE TO LEARN, AND IN THE CALL TO LIVE JUSTLY TOGETHER. IN THIS SPIRIT, THE UNIVERSITY REGARDS THE CONTRIBUTION OF DIFFERENT RELIGIOUS TRADITIONS AND VALUE SYSTEMS AS ESSENTIAL TO THE FULLNESS OF ITS INTELLECTUAL LIFE AND TO THE CONTINUOUS DEVELOPMENT OF ITS DISTINCTIVE INTELLECTUAL HERITAGE. BOSTON COLLEGE PURSUES THIS DISTINCTIVE MISSION BY SERVING SOCIETY IN THREE WAYS: - BY FOSTERING THE RIGOROUS INTELLECTUAL DEVELOPMENT AND THE RELIGIOUS, ETHICAL AND PERSONAL FORMATION OF ITS UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS IN ORDER TO PREPARE THEM FOR CITIZENSHIP, SERVICE AND LEADERSHIP IN A GLOBAL SOCIETY; - BY PRODUCING NATIONALLY AND INTERNATIONALLY SIGNIFICANT RESEARCH THAT ADVANCES INSIGHT AND UNDERSTANDING, THEREBY BOTH ENRICHING CULTURE AND ADDRESSING IMPORTANT SOCIETAL NEEDS; AND - BY COMMITTING ITSELF TO ADVANCE THE DIALOGUE BETWEEN RELIGIOUS BELIEF AND OTHER FORMATIVE ELEMENTS OF CULTURE THROUGH THE INTELLECTUAL INQUIRY, TEACHING AND LEARNING, AND THE COMMUNITY LIFE THAT FORM THE UNIVERSITY. BOSTON COLLEGE FULFILLS THIS MISSION WITH A DEEP CONCERN FOR ALL MEMBERS OF ITS COMMUNITY, WITH A RECOGNITION OF THE IMPORTANT CONTRIBUTION A DIVERSE STUDENT BODY, FACULTY AND STAFF CAN OFFER, WITH A FIRM COMMITMENT TO ACADEMIC FREEDOM, AND WITH A DETERMINATION TO EXERCISE CAREFUL STEWARDSHIP OF ITS RESOURCES IN PURSUIT OF ITS ACADEMIC GOALS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $386,737,573
Program Service Revenue $1,144,175,699
Investment Income $309,991,742
Other Revenue $-2,372,638
TOTAL REVENUE $1,838,532,376

Expense Breakdown

Grants Paid $302,752,426
Salaries & Benefits $735,498,408
Fundraising Expenses $34,858,607
Program Expenses $1,294,430,937
Other Expenses $466,003,977
TOTAL EXPENSES $1,504,254,811

Year-over-Year Comparison

2024 2023 Change
Revenue $1,838,532,376 $1,638,324,218 +0.1%
Expenses $1,504,254,811 $1,411,712,355 +0.1%
Net Income $334,277,565 $226,611,863 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
49
Independent Members
47
Employees
12879
Volunteers
55

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
17
$6,756,588
Total Directors
55
$0
Key Employees
1
$1,179,499
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM J O'BRIEN HEAD COACH, FBALL (FROM 2/24) 40.0
Highest
$3,359,931 $36,316 $3,396,247
EARL GRANT HEAD COACH, MEN'S BASKETBALL 40.0
Highest
$2,574,563 $68,840 $2,643,403
JOHN J ZONA CHIEF INVESTMENT OFFICER 40.0
Key Emp
$1,098,930 $80,569 $1,179,499
BLAKE JAMES DIR. OF ATHLETICS 40.0
Highest
$1,082,009 $67,248 $1,149,257
ANDREW C BOYNTON DEAN CSOM 40.0
Highest
$810,870 $77,485 $888,355
RONNIE SADKA HAUB FAMILY PROFESSOR 40.0
Highest
$774,913 $76,626 $851,539
DAVID QUIGLEY PROVOST & DEAN OF FAC 40.0
Officer
$766,121 $77,157 $843,278
ANDREW DAVIDSON SR.VP UNIV.ADVANCE 40.0
Officer
$761,558 $70,721 $832,279
MICHAEL J LOCHHEAD EXECUTIVE VICE PRES 40.0
Officer
$648,914 $146,351 $795,265
JOHN D BURKE FIN VP & TREASURER 40.0
Officer
$570,518 $79,987 $650,505
DAVID P TRAINOR VP HUMAN RESOURCES 40.0
Officer
$534,745 $78,191 $612,936
MICHAEL BOURQUE VP INFORMATION TECH 40.0
Officer
$471,008 $72,730 $543,738
DANIEL BOURQUE VP FACILITIES MGMT(UNTIL 1/25) 40.0
Officer
$376,020 $72,312 $448,332
KEVIN J SHEA VP & EXEC AST TO PRES 40.0
Officer
$371,556 $76,478 $448,034
THOMAS J KEADY VP GVT & CMTY AFF 40.0
Officer
$370,946 $76,967 $447,913
JOY H MOORE VP/ EXEC. DIR. PMISS 40.0
Officer
$338,170 $51,211 $389,381
MARA L HERMANO VP INSTL RES & PLAN 40.0
Officer
$313,762 $66,614 $380,376
SHAWNA COOPER WHITEHEAD VP STUDENT AFFAIRS 40.0
Officer
$306,268 $58,283 $364,551
JOHN F FISH TRUSTEE - CHAIR 1.0
Director
$0 $0 $0
MARIANNE D SHORT ESQ TRUSTEE(VICE CHAIR UNTIL 9/24) 1.0
Director
$0 $0 $0
RENE F JONES TRUSTEE (VICE CHAIR FROM 9/24) 1.0
Director
$0 $0 $0
SUSAN MARTINELLI SHEA TRUSTEE - SECRETARY 1.0
Director
$0 $0 $0
MICHAEL C ASCIONE TRUSTEE 1.0
Director
$0 $0 $0
GUIDO BARILLA TRUSTEE 1.0
Director
$0 $0 $0
STEVEN M BARRY TRUSTEE 1.0
Director
$0 $0 $0
PATRICIA LYNOTT BONAN TRUSTEE 1.0
Director
$0 $0 $0
D SCOTT BROWN TRUSTEE 1.0
Director
$0 $0 $0
CLAUDIO M BURGALETA SJ TRUSTEE 1.0
Director
$0 $0 $0
JACQUELINE P CANNEY TRUSTEE 1.0
Director
$0 $0 $0
JAMES D CAREY ESQ TRUSTEE 1.0
Director
$0 $0 $0
HON DARCEL D CLARK TRUSTEE (UNTIL 9/24) 1.0
Director
$0 $0 $0
MICHELLE R CODRINGTON TRUSTEE 1.0
Director
$0 $0 $0
REV CHRISTOPHER S COLLINS SJ TRUSTEE 1.0
Director
$0 $0 $0
WILLIAM C CONNELL TRUSTEE 1.0
Director
$0 $0 $0
ROBERT J COONEY TRUSTEE 1.0
Director
$0 $0 $0
LEO J CORCORAN TRUSTEE 1.0
Director
$0 $0 $0
SANDRA M EDGERLEY TRUSTEE 1.0
Director
$0 $0 $0
MOLLY FERRANTE TRUSTEE 1.0
Director
$0 $0 $0
JOHN J FLATLEY TRUSTEE 1.0
Director
$0 $0 $0
JANICE GIPSON TRUSTEE 1.0
Director
$0 $0 $0
WON YOUNG GIURICEO TRUSTEE 1.0
Director
$0 $0 $0
PATRICK W GRADY TRUSTEE 1.0
Director
$0 $0 $0
REV DANIEL HENDRICKSON SJ TRUSTEE 1.0
Director
$0 $0 $0
JUSTIN HILLENBRAND TRUSTEE 1.0
Director
$0 $0 $0
MICHAELA MURPHY HOAG TRUSTEE (UNTIL 9/24) 1.0
Director
$0 $0 $0
ALFRED F KELLY JR TRUSTEE 1.0
Director
$0 $0 $0
MICHELLE A KNIGHT TRUSTEE 1.0
Director
$0 $0 $0
PATRICIA LIPOMA KRAFT TRUSTEE 1.0
Director
$0 $0 $0
JASON R KRANTZ TRUSTEE 1.0
Director
$0 $0 $0
REV WILLIAM P LEAHY SJ PRESIDENT, TRUSTEE 40.0
Officer Director
$0 $0 $0
LISE LEIST TRUSTEE 1.0
Director
$0 $0 $0
REV DOUGLAS W MARCOUILLER SJ TRUSTEE 1.0
Director
$0 $0 $0
PETER K MARKELL TRUSTEE 1.0
Director
$0 $0 $0
KATHLEEN M MCGILLYCUDDY TRUSTEE (UNTIL 6/24) 1.0
Director
$0 $0 $0
DENISE M MORRISON TRUSTEE 1.0
Director
$0 $0 $0
ROBERT F MORRISSEY ESQ TRUSTEE 1.0
Director
$0 $0 $0
DEBORAH MORROCCO TRUSTEE (FROM 12/24) 1.0
Director
$0 $0 $0
BRIEN M O'BRIEN TRUSTEE 1.0
Director
$0 $0 $0
DAVID P O'CONNOR TRUSTEE (UNTIL 9/24) 1.0
Director
$0 $0 $0
KEVIN E PEARSON TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN J PEMBERTON TRUSTEE (UNTIL 9/24) 1.0
Director
$0 $0 $0
JOSEPH V POPOLO JR TRUSTEE (FROM 9/24) 1.0
Director
$0 $0 $0
JONATHAN M RATHER TRUSTEE 1.0
Director
$0 $0 $0
KENDALL B REID TRUSTEE 1.0
Director
$0 $0 $0
TRAVIS M RHODES TRUSTEE 1.0
Director
$0 $0 $0
NAVYN DATOO SALEM TRUSTEE 1.0
Director
$0 $0 $0
PHILLIP W SCHILLER TRUSTEE 1.0
Director
$0 $0 $0
MARC P SEIDNER TRUSTEE 1.0
Director
$0 $0 $0
KEVIN A SMART TRUSTEE 1.0
Director
$0 $0 $0
DENISE M STACK TRUSTEE 1.0
Director
$0 $0 $0
ELIZABETH W VANDERSLICE TRUSTEE 1.0
Director
$0 $0 $0
ELISA GABELLI WILSON TRUSTEE 1.0
Director
$0 $0 $0
ELIZABETH EDER ZOBEL TRUSTEE 1.0
Director
$0 $0 $0
PATRICK O'HERN VP FACILITIES MNGMT(FROM 2/25) 40.0
Officer
$0 $0 $0
ELIZABETH THOMPSON VP UNIV. ADVANCE (FROM 2/25) 40.0
Officer
$0 $0 $0
REV CASEY BEAUMIER SJ VP & UNIV. SECTY. 40.0
Officer
$0 $0 $0
REV JOHN T BUTLER SJ VP UNIV. MISSION & MINISTRY 40.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,838,532,376 $1,504,254,811 $7,724,895,187 $334,277,565
2024 $1,638,324,218 $1,411,712,355 $6,914,571,277 $226,611,863
2023 $1,344,989,139 $1,291,475,190 $6,509,364,247 $53,513,949
2022 $1,638,236,627 $1,223,628,923 $6,546,399,748 $414,607,704
2021 $1,459,094,631 $1,148,979,197 $6,311,936,438 $310,115,434
2020 $1,223,122,663 $1,109,480,255 $5,201,949,007 $113,642,408
2019 $1,198,724,231 $1,093,642,239 $4,772,401,283 $105,081,992
2018 $1,164,010,591 $1,051,168,572 $4,851,948,400 $112,842,019
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