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Filing year 2023

JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC

Harrisonburg, Virginia·EIN 54-1632549·NTEE B43I · Education·501(c)(3)
Total revenue
$291
Total assets
$4.9M
Total expenses
$1k
Reported officers
25
Mission

The purpose of the James Madison University Real Estate Foundation is to receive, manage, and dispose of real property in such manner as promotes the welfare, efficiency and objectives of James Madison University.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

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

CEO
10th to 25th percentile
$37k
$40k
Vice President/chief Financial Officer
10th to 25th percentile
$34k
$37k
Secretary, Senior Acctg Manager - Operations
Operations Manager
25th percentile to medianvs Education peers nationwide
$33k
$36k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 22 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC equaled 3,040% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
3,040%
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.

Down 11%
from 2022

From $42k in 2022 to $37k in 2023.

$42k
2022
$37k
2023
In today's dollarsEst.
Down 15% in real terms$47k to $40k

Estimated with BLS CPI-U for the South 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 fell 11% from 2022 to 2023, while revenue fell 100%.

$42k in 2022 to $37k in 2023.
  • Operations Manager pay rose 3% 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.
Financial trend

Revenue and expenses over time

JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$220k
$91k
2022
$291
$1k
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Virginia

Comparable education organizations in Virginia pay their highest-earning executive a median of $84,317.

25th percentile
$42k
Median
$84,317
75th percentile
$191k
90th percentile
$356k

These are education sector-wide figures, not this organization's reported pay. Based on 773 organizations across 773 filings (2021 – 2024).

See full Education pay data for Virginia
FAQ

Common questions about JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC

What does the Chief Executive Officer of JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC earn?

In 2023, the Chief Executive Officer of JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC received $36,995 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Education organizations in Virginia, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations in Virginia, the 2023 pay of the Chief Executive Officer at JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC equaled 3,040% of the organization's total expenses. The median for education organizations is 7%.

What are JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC's revenue and expenses?

In 2023, JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC reported $291 in total revenue and $1k in total expenses on its IRS Form 990.

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