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Filing year 2023

Hanover College

Hanover, Indiana·EIN 35-0868096·NTEE B420 · Education·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 · Schedule J · 8 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
$371k
$409k
VP for Student Affairs (until 8/31/23)
vice president
$247k
$273k
Provost and Vice President for Academic Affairs
vice president
$205k
$226k
VP for Advancement
vice president
$202k
$223k
Associate Provost for Graduate Studies
highest compensated employee
$191k
$211k
VP for Enrollment and Marketing
vice president
$190k
$210k
VP for Business Affairs
vice president
$188k
$208k
Professor of Occupational Therapy (clinical)
highest compensated employee
$168k
$186k

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

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.

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

Revenue and expenses over time

Hanover College reported revenue and expenses across 2 filing years.

RevenueExpenses
$70.6M
$78.6M
2022
$78.9M
$85.9M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Indiana

Comparable education organizations in Indiana pay their highest-earning executive a median of $76,774.

25th percentile
$23k
Median
$76,774
75th percentile
$149k
90th percentile
$247k

These are education sector-wide figures, not this organization's reported pay. Based on 512 organizations across 512 filings (2021 – 2024).

See full Education pay data for Indiana
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