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Filing year 2023

Hanover College

Hanover, Indiana·EIN 35-0868096·NTEE B420 · Education·501(c)(3)
Total revenue
$78.9M
Total assets
$253.3M
Total expenses
$85.9M
Reported officers
44
Mission

Since its founding in 1827, Hanover College has been committed to providing a true liberal arts education. Hanover College offers 35 Majors of study as well as the opportunity for students to self-design their own major. Hanover also offers 8 Pre-Professional pathways and a Graduate Program, The Graduate Program Doctor of Physical Therapy which currently has an enrollment of 149 for fall 2024. The Graduate Program Doctor of Occupational Therapy has an enrollment of 58 for fall 2024.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

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

President
Above 90th percentilevs Education peers in Indiana
$371k
$409k
Base
$304k
Bonus
Other
Benefits
$42k
VP for Student Affairs (until 8/31/23)
Board Vice President
Median to 75th percentile
$247k
$273k
Base
$91k
Bonus
Other
$144k
Benefits
$5k
Provost and Vice President for Academic Affairs
Board Vice President
Median to 75th percentile
$205k
$226k
Base
$176k
Bonus
Other
Benefits
$21k
VP for Advancement
Board Vice President
Median to 75th percentile
$202k
$223k
Base
$172k
Bonus
Other
Benefits
$16k
Associate Provost for Graduate Studies
Highest Compensated Employee
Median to 75th percentilevs Education peers in Indiana
$191k
$211k
Base
$164k
Bonus
Other
Benefits
$16k
VP for Enrollment and Marketing
Board Vice President
Median to 75th percentile
$190k
$210k
Base
$162k
Bonus
Other
Benefits
$21k
VP for Business Affairs
Vice President
Median to 75th percentile
$188k
$208k
Base
$168k
Bonus
Other
Benefits
$13k
Professor of Occupational Therapy (clinical)
Highest Compensated Employee
Median to 75th percentilevs Education peers in Indiana
$168k
$186k
Base
$146k
Bonus
Other
Benefits
$16k

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 36 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Hanover College equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.4%
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.

Up 3%
from 2022

From $360k in 2022 to $371k in 2023.

$360k
2022
$371k
2023
In today's dollarsEst.
Down 1% in real terms$412k to $409k

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

Chief Executive Officer pay rose 3% from 2022 to 2023, while revenue rose 12%.

$360k in 2022 to $371k in 2023.
  • Board Vice President pay rose 22% from 2022 to 2023.
  • Highest Compensated Employee pay fell 16% 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 Hanover College

What does the Chief Executive Officer of Hanover College earn?

In 2023, the Chief Executive Officer of Hanover College received $370,644 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Indiana: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Hanover College compare with similar nonprofits?

Compared with the same role at Education organizations in Indiana, the 2023 pay of the Chief Executive Officer at Hanover College falls in the top 10%. In 2023, the highest total compensation at Hanover College equaled 0.4% of the organization's total expenses. The median for education organizations is 7%.

What are Hanover College's revenue and expenses?

In 2023, Hanover College reported $78.9M in total revenue and $85.9M in total expenses on its IRS Form 990.

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