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Filing year 2023

LEES-MCRAE COLLEGE INC

Banner Elk, North Carolina·EIN 56-0529953·NTEE B420 · Education·501(c)(3)
Total revenue
$36.3M
Total assets
$123.2M
Total expenses
$37.7M
Reported officers
30
Mission

THE MISSION OF LEES-MCRAE COLLEGE IS TO HELP STUDENTS BROADEN THEIR HORIZONS, PURSUE CAREERS AND FIND THEIR PLACE IN THE WORLD THROUGH EDUCATION AND SERVICE.

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 North Carolina
$298k
$326k
Base
$266k
Bonus
Other
Benefits
$18k
SVP of Enrollment Management
Senior Vice President
25th percentile to median
$205k
$224k
Base
$195k
Bonus
Other
Benefits
$10k
Former Provost and Dean of Facult
Former Officer/director/trustee
Median to 75th percentile
$193k
$211k
Base
$175k
Bonus
Other
Benefits
$10k
VP of Advancement
Board Vice President
Median to 75th percentile
$186k
$204k
Base
$173k
Bonus
Other
Benefits
$8k
EVP of Strategic Operation, Governance, & Planning
Executive Vice President
25th percentile to median
$185k
$202k
Base
$166k
Bonus
Other
Benefits
$10k
VP of Student Affairs
Board Vice President
25th percentile to median
$140k
$153k
VP of Academic Affairs and Dean of Faculty
Vice President
25th percentile to medianvs Education peers in North Carolina
$113k
$123k
VP of Business Affairs
Vice President
10th to 25th percentilevs Education peers in North Carolina
$42k
$46k

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 LEES-MCRAE COLLEGE INC equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.8%
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 5%
from 2022

From $284k in 2022 to $298k in 2023.

$284k
2022
$298k
2023
In today's dollarsEst.
Roughly flat in real terms$324k to $326k

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 rose 5% from 2022 to 2023, while revenue fell 6%.

$284k in 2022 to $298k in 2023.
  • Board Vice President pay fell 13% from 2022 to 2023.
  • Vice President pay fell 46% 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 LEES-MCRAE COLLEGE INC

What does the Chief Executive Officer of LEES-MCRAE COLLEGE INC earn?

In 2023, the Chief Executive Officer of LEES-MCRAE COLLEGE INC received $298,078 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LEES-MCRAE COLLEGE INC compare with similar nonprofits?

Compared with the same role at Education organizations in North Carolina, the 2023 pay of the Chief Executive Officer at LEES-MCRAE COLLEGE INC falls in the top 10%. In 2023, the highest total compensation at LEES-MCRAE COLLEGE INC equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.

What are LEES-MCRAE COLLEGE INC's revenue and expenses?

In 2023, LEES-MCRAE COLLEGE INC reported $36.3M in total revenue and $37.7M in total expenses on its IRS Form 990.

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