TO SOLICIT CONTRIBUTIONS FROM THE CORPORATE COMMUNITY AND PRIVATE FOUNDATIONS ON BEHALF OF 33 MEMBER-COLLEGE/UNIVERSITIES THAT SERVE NEARLY 80,000 STUDENTS. MEMBERS ARE NONPROFIT, PRIVATELY CONTROLLED, 4-YEAR COLLEGES/UNIVERSITIES CHARTERED BY THE STATE OF OHIO, ARE FULLY ACCREDITED BY HIGHER LEARNING COMMISSION, AND HAVE A CURRICULAR PROGRAM IN TRADITIONAL LIBERAL ARTS. CONTRIBUTIONS TO OFIC ARE DISTRIBUTED TO COLLEGES/UNIVERSITIES ANNUALLY AND PROVIDE TUITION ASSISTANCE AND OPERATIONAL SUPPORT. OFIC PROVIDES ITS DONORS WITH AN EFFICIENT MEANS TO SUPPORT INDEPENDENT HIGHER EDUCATION. OFIC ALSO PROVIDES PROGRAMS TO PROMOTE CORPORATE/INDEPENDENT HIGHER EDUCATION PARTNERSHIPS AND PROVIDES LEADERSHIP IN DEVELOPING EFFORTS THAT RESULT IN REDUCED COSTS AND IMPROVED BUSINESS PRACTICES FOR ITS MEMBERS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Ohio.
- Base
- $213k
- Bonus
- $7k
- Other
- —
- Benefits
- $54k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President 75th to 90th percentile | $213k | $7k | — | $54k | $289k $319k |
VP of Operations Vice President Median to 75th percentile | — | — | — | — | $128k $142k |
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 75 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at THE OHIO FOUNDATION OF INDEPENDENT COLLEGES equaled 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.
Up 7%
from 2022
From $270k in 2022 to $289k 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.
Chief Executive Officer pay rose 7% from 2022 to 2023, while revenue fell 3%.
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 THE OHIO FOUNDATION OF INDEPENDENT COLLEGES
What does the Chief Executive Officer of THE OHIO FOUNDATION OF INDEPENDENT COLLEGES earn?
In 2023, the Chief Executive Officer of THE OHIO FOUNDATION OF INDEPENDENT COLLEGES received $288,801 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Ohio, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at THE OHIO FOUNDATION OF INDEPENDENT COLLEGES compare with similar nonprofits?
Compared with the same role at Education organizations in Ohio, the 2023 pay of the Chief Executive Officer at THE OHIO FOUNDATION OF INDEPENDENT COLLEGES falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE OHIO FOUNDATION OF INDEPENDENT COLLEGES equaled 7% of the organization's total expenses. The median for education organizations is 7%.
What are THE OHIO FOUNDATION OF INDEPENDENT COLLEGES's revenue and expenses?
In 2023, THE OHIO FOUNDATION OF INDEPENDENT COLLEGES reported $4.4M in total revenue and $4.1M in total expenses on its IRS Form 990.
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