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Filing year 2023

MONMOUTH COLLEGE

Monmouth, Illinois·EIN 37-0661228·NTEE B420 · Education·3
Total revenue
$66.2M
Total assets
$242M
Total expenses
$59.6M
Reported officers
43
Mission

MONMOUTH COLLEGE PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE WITHIN A CARING COMMUNITY OF LEARNERS. AS A RESIDENTIAL LIBERAL ARTS COLLEGE, WE EMPOWER STUDENTS TO REALIZE THEIR FULL POTENTIAL, LIVE MEANINGFUL LIVES, PURSUE SUCCESSFUL CAREERS, AND SHAPE THEIR COMMUNITIES AND WORLD THROUGH SERVICE AND LEADERSHIP.

Executive compensation, broken down

Form 990 · Schedule J · 10 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
President (end 6/30/2024)
$370k
$409k
Vp, Enrollment Management
vice president
$202k
$223k
$192k
$212k
VP Academic Affairs, Dean of Faculty
vice president
$183k
$203k
VP of Development
vice president
$178k
$196k
VP of Student Life, Dean of Students
vice president
$144k
$159k
VP of Student Success
vice president
$136k
$151k
Assistant Treasurer
$84k
$93k
Assistant Secretary
secretary (operational)
$63k
$69k
Secretary
secretary (operational)
$36k
$40k

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 33 unpaid individuals.

Browse compensation in Education

Held steady
from 2022

From $369k in 2022 to $370k in 2023.

$369k
2022
$370k
2023
In today's dollarsEst.
Down 3% in real terms$423k 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

MONMOUTH COLLEGE reported revenue and expenses across 2 filing years.

RevenueExpenses
$55.5M
$59.1M
2022
$66.2M
$59.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Illinois

Comparable education organizations in Illinois pay their highest-earning executive a median of $78,409.

25th percentile
$28k
Median
$78,409
75th percentile
$173k
90th percentile
$307k

These are education sector-wide figures, not this organization's reported pay. Based on 877 organizations across 877 filings (2021 – 2024).

See full Education pay data for Illinois
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