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Filing year 2023

DRAKE UNIVERSITY

Des Moines, Iowa·EIN 42-0680460·NTEE B430 · Education·501(c)(3)
Total revenue
$263.1M
Total assets
$607.5M
Total expenses
$250.5M
Reported officers
42
Mission

SEE SCHEDULE O.DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

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

Head Men's Basketball Coach
Highest Compensated Employee
Above 90th percentile
$720k
$795k
Base
$581k
Bonus
$85k
Other
$4k
Benefits
$23k
President & Trustee
Board Member
Above 90th percentilevs Education peers in Iowa
$707k
$781k
Base
$447k
Bonus
$90k
Other
$15k
Benefits
$59k
Professor of Law
Highest Compensated Employee
Above 90th percentile
$327k
$361k
Base
$277k
Bonus
Other
$7k
Benefits
$21k
Director of Athletics
Highest Compensated Employee
75th to 90th percentile
$302k
$333k
Base
$215k
Bonus
$30k
Other
$14k
Benefits
$25k
Dean of Law School
Highest Compensated Employee
75th to 90th percentile
$300k
$332k
Base
$253k
Bonus
Other
$4k
Benefits
$22k
Provost
Officer (Unspecified)
$263k
$291k
Base
$229k
Bonus
Other
$4k
Benefits
$12k
Dean of College of Business
Highest Compensated Employee
75th to 90th percentile
$263k
$290k
Base
$219k
Bonus
Other
$3k
Benefits
$23k
VP of Inst. Advancement
Vice President
75th to 90th percentile
$261k
$288k
Base
$202k
Bonus
$8k
Other
$12k
Benefits
$21k
CFO & Treasurer
75th to 90th percentile
$244k
$270k
Base
$203k
Bonus
$2k
Other
$1k
Benefits
$22k
Chief Admin Officer
Officer (Unspecified)
$222k
$245k
Base
$183k
Bonus
Other
$2k
Benefits
$22k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 32 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at DRAKE UNIVERSITY equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.3%
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.

$377k
$362k

Up 6%
from 2022

From $677k in 2022 to $720k in 2023.

$677k
2022
$720k
2023
In today's dollarsEst.
Up 2% in real terms$777k to $795k

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

Pay for the position

Highest Compensated Employee pay rose 6% from 2022 to 2023, while revenue rose 2%.

$677k in 2022 to $720k in 2023.
  • Vice President pay rose 7% from 2022 to 2023.
  • Chief Financial Officer pay rose 6% 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 DRAKE UNIVERSITY

What does the Highest Compensated Employee of DRAKE UNIVERSITY earn?

In 2023, the Highest Compensated Employee of DRAKE UNIVERSITY received $719,519 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Education organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at DRAKE UNIVERSITY compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Highest Compensated Employee at DRAKE UNIVERSITY falls in the top 10%. In 2023, the highest total compensation at DRAKE UNIVERSITY equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

What are DRAKE UNIVERSITY's revenue and expenses?

In 2023, DRAKE UNIVERSITY reported $263.1M in total revenue and $250.5M in total expenses on its IRS Form 990.

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