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Filing year 2023

AVERETT UNIVERSITY

Danville, Virginia·EIN 54-0129860·NTEE B430 · Education·501(c)(3)
Total revenue
$54.3M
Total assets
$68.8M
Total expenses
$63.6M
Reported officers
35
Mission

AVERETT UNIVERSITY PREPARES STUDENTS TO SERVE AND LEAD AS CATALYSTS FOR POSITIVE CHANGE. AVERETT FULFILLS THIS MISSION BY EDUCATING STUDENTS FROM DIVERSE BACKGROUNDS, CULTURES AND NATIONS THROUGH LIBERAL ARTS-BASED UNDERGRADUATE AND GRADUATE PROGRAMS IN A PERSONAL, COLLEGIAL, INTERDISCIPLINARY ENVIRONMENT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.

President
75th to 90th percentile
$349k
$381k
Base
$322k
Bonus
Other
Benefits
$8k
Former VP Finance/coo
Vice President
75th to 90th percentile
$277k
$303k
Base
$247k
Bonus
Other
Benefits
$15k
CIO
Chief Information Officer
Median to 75th percentilevs Education peers nationwide
$208k
$227k
Base
$174k
Bonus
$5k
Other
Benefits
$18k
VP Advancement
Board Vice President
Median to 75th percentile
$207k
$226k
Base
$178k
Bonus
Other
Benefits
$18k
VP Admissions
Board Vice President
25th percentile to median
$200k
$219k
Base
$177k
Bonus
Other
Benefits
$14k
VP Student Engagement
Board Vice President
25th percentile to median
$153k
$167k
Base
$133k
Bonus
Other
Benefits
$11k
VP of Athletics
Board Vice President
25th percentile to median
$129k
$141k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at AVERETT UNIVERSITY equaled 0.5% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.5%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2022

From $349k in 2022 to $349k in 2023.

$349k
2022
$349k
2023
In today's dollarsEst.
Down 4% in real terms$399k to $381k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue fell 1%.

$349k in 2022 to $349k in 2023.
  • Chief Information Officer pay held roughly steady from 2022 to 2023.
  • Board Vice President pay rose 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about AVERETT UNIVERSITY

What does the Chief Executive Officer of AVERETT UNIVERSITY earn?

In 2023, the Chief Executive Officer of AVERETT UNIVERSITY received $349,120 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at AVERETT UNIVERSITY compare with similar nonprofits?

Compared with the same role at Education organizations in Virginia, the 2023 pay of the Chief Executive Officer at AVERETT UNIVERSITY falls between the 75th and 90th percentiles. In 2023, the highest total compensation at AVERETT UNIVERSITY equaled 0.5% of the organization's total expenses. The median for education organizations is 7%.

What are AVERETT UNIVERSITY's revenue and expenses?

In 2023, AVERETT UNIVERSITY reported $54.3M in total revenue and $63.6M in total expenses on its IRS Form 990.

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