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Filing year 2024

LEWIS COLLEGE OF BUSINESS

Detroit, Michigan·EIN 38-2048961·NTEE B42 · Education·3
Total revenue
$6.6M
Total assets
$13.7M
Total expenses
$5.1M
Reported officers
13
Mission

LCB SEES A WORLD IN WHICH EVERYBODY IS A STUDENT. DRIVEN BY A PASSION FOR EDUCATION AND AN INSTINCT FOR INGENUITY, LCB AIMS TO REMOVE THE LIMITS OF THE CLASSROOM FOR EVERY STUDENT IN THE WORLD AND MAKE LEARNING A DAILY PRACTICE. LCB ENVISIONS A FUTURE IN WHICH EDUCATION AND OPPORTUNITIES ARE ACCESSIBLE TO ANYONE WHO PREPARES FOR IT. LCB SEES ITSELF AS THE ANSWER TO THE QUESTION, WHAT HAPPENS WHEN PREPARATION MEETS ADVERSITY.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

Chair of Apparel and Accessories
board chair
$300k
$316k
Base
$295k
Bonus
Other
Benefits
$5k
$275k
$290k
Base
$272k
Bonus
Other
Benefits
$3k
Chair of Color and Materials Lab
board chair
$223k
$236k
Base
$218k
Bonus
Other
Benefits
$5k
Footwear Chair
board chair
$194k
$204k
Base
$184k
Bonus
Other
Benefits
$10k
Director of Partnerships
highest compensated employee
$149k
$157k
Director of Education
highest compensated employee
$140k
$148k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Education

Up 104%
from 2023

From $147k in 2023 to $300k in 2024.

$147k
2023
$300k
2024
In today's dollarsEst.
Up 98% in real terms$160k to $316k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 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

LEWIS COLLEGE OF BUSINESS reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.7M
$2.2M
2023
$6.6M
$5.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Michigan

Comparable education organizations in Michigan pay their highest-earning executive a median of $73,500.

25th percentile
$36k
Median
$73,500
75th percentile
$198k
90th percentile
$424k

These are education sector-wide figures, not this organization's reported pay. Based on 159 organizations across 159 filings (2021 – 2023).

See full Education pay data for Michigan
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