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Filing year 2023

FERRIS FOUNDATION

Big Rapids, Michigan·EIN 38-6115813·3
Total revenue
$10.8M
Total assets
$131.1M
Total expenses
$8.4M
Reported officers
34
Mission

THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY.

Executive compensation

Form 990 · Schedule J · 6 reported individuals · Filing year 2023

Board Member/professor of Sociology
board member
$49k
$54k
Board Member/professor of Marketing
board member
$44k
$48k
President, Ferris State University
$41k
$46k
Executive Board/vp of Advancement
officer (unspecified)
$37k
$41k
Executive Director
$22k
$24k
$11k
$12k

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 28 unpaid individuals.

Up 1%
from 2022

From $48k in 2022 to $49k in 2023.

$48k
2022
$49k
2023
In today's dollarsEst.
Down 2% in real terms$55k to $54k

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.

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

Revenue and expenses over time

FERRIS FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.4M
$7.2M
2022
$10.8M
$8.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
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