The Independent Colleges of Indiana (ICI) develops and enhances the competitive standing of its 29 member independent, nonprofit, regionally-accredited, degree-granting colleges and universities and strives to assure opportunity and choice in higher education for all students. (Continued on Schedule O)
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 31 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.
- Base
- $152k
- Bonus
- $5k
- Other
- $10k
- Benefits
- —
- Base
- $151k
- Bonus
- $5k
- Other
- $10k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Vice President and General Counsel Vice President Median to 75th percentilevs Education peers nationwide | $152k | $5k | $10k | — | $183k $202k |
VP and Chief Operating Officer Median to 75th percentilevs Education peers nationwide | $151k | $5k | $10k | — | $183k $202k |
Director Board Member Above 90th percentile | — | — | — | — | $160k $176k |
Director Board Member Above 90th percentile | — | — | — | — | $154k $170k |
Vice Chair Board Vice Chair Above 90th percentilevs Education peers nationwide | — | — | — | — | $143k $158k |
President/secretary Median to 75th percentile | — | — | — | — | $139k $154k |
Director Board Member Above 90th percentile | — | — | — | — | $119k $132k |
Director Board Member Above 90th percentile | — | — | — | — | $100k $111k |
Director Board Member Above 90th percentile | — | — | — | — | $98k $108k |
Director Board Member 75th to 90th percentile | — | — | — | — | $81k $90k |
Director Board Member 75th to 90th percentile | — | — | — | — | $78k $87k |
Director Board Member 75th to 90th percentile | — | — | — | — | $66k $73k |
Director Board Member 75th to 90th percentile | — | — | — | — | $65k $72k |
Director Board Member 75th to 90th percentile | — | — | — | — | $65k $72k |
Treasurer Officer (Unspecified) | — | — | — | — | $60k $66k |
Director Board Member 75th to 90th percentile | — | — | — | — | $59k $65k |
Director Board Member 75th to 90th percentile | — | — | — | — | $59k $65k |
Director Board Member Median to 75th percentile | — | — | — | — | $56k $62k |
Chair Board Chair Median to 75th percentilevs Education peers nationwide | — | — | — | — | $55k $61k |
Director Board Member Median to 75th percentile | — | — | — | — | $54k $60k |
Director Board Member Median to 75th percentile | — | — | — | — | $49k $55k |
Director Board Member Median to 75th percentile | — | — | — | — | $47k $52k |
Director Board Member Median to 75th percentile | — | — | — | — | $47k $52k |
Director Board Member Median to 75th percentile | — | — | — | — | $44k $48k |
Director Board Member Median to 75th percentile | — | — | — | — | $38k $42k |
Director Board Member Median to 75th percentile | — | — | — | — | $30k $33k |
Director Board Member Median to 75th percentile | — | — | — | — | $30k $33k |
Director Board Member Median to 75th percentile | — | — | — | — | $27k $30k |
Director Board Member Median to 75th percentile | — | — | — | — | $25k $27k |
Director Board Member 25th percentile to median | — | — | — | — | $18k $20k |
Director Officer (Unspecified) | — | — | — | — | $15k $17k |
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 13 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Independent Colleges of Indiana Inc equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.
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.
Down 4%
from 2022
From $191k in 2022 to $183k in 2023.
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.
Vice President pay fell 4% from 2022 to 2023, while revenue held roughly steady.
- Chief Operating Officer pay fell 1% from 2022 to 2023.
- Board Member pay rose 7% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Independent Colleges of Indiana Inc
What does the Vice President of Independent Colleges of Indiana Inc earn?
In 2023, the Vice President of Independent Colleges of Indiana Inc received $183,150 in total compensation. This pay is above the median (the midpoint) for Vice President roles among Education organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.
How does Vice President pay at Independent Colleges of Indiana Inc compare with similar nonprofits?
Compared with the same role at Education organizations nationwide, the 2023 pay of the Vice President at Independent Colleges of Indiana Inc falls between the median and the 75th percentile. In 2023, the highest total compensation at Independent Colleges of Indiana Inc equaled 0.7% of the organization's total expenses. The median for education organizations is 7%.
What are Independent Colleges of Indiana Inc's revenue and expenses?
In 2023, Independent Colleges of Indiana Inc reported $25.9M in total revenue and $26M in total expenses on its IRS Form 990.
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