THE VERNA K TOWNSEND TRUST PROVIDES FOR $2,500 ANNUAL SCHOLARSHIPS TO BE GIVEN TO STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO ARE CURRENTLY ENROLLED IN THE COLLEGE OF LAW AND SCHOOL OF MUSIC.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
| Position | Total |
|---|---|
Trustee Board Member 25th percentile to median | $9k $9k |
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.
Top pay as a share of expenses
In 2024, the highest total compensation at VERNA TOWNSEND TRUST DATED 7871 1020000374 equaled 8% 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.
Board Member pay rose 12% from 2023 to 2024, while revenue rose 27%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
VERNA TOWNSEND TRUST DATED 7871 1020000374 reported revenue and expenses across 2 filing years.
What Education executives earn in Illinois
Comparable education organizations in Illinois pay their highest-earning executive a median of $80,294.
These are education sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).
See full Education pay data for Illinois →Common questions about VERNA TOWNSEND TRUST DATED 7871 1020000374
What does the Board Member of VERNA TOWNSEND TRUST DATED 7871 1020000374 earn?
In 2024, the Board Member of VERNA TOWNSEND TRUST DATED 7871 1020000374 received $8,786 in total compensation. This pay is below the median (the midpoint) for Board Member roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at VERNA TOWNSEND TRUST DATED 7871 1020000374 compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2024 pay of the Board Member at VERNA TOWNSEND TRUST DATED 7871 1020000374 falls between the 25th percentile and the median. In 2024, the highest total compensation at VERNA TOWNSEND TRUST DATED 7871 1020000374 equaled 8% of the organization's total expenses. The median for education organizations is 7%.
What are VERNA TOWNSEND TRUST DATED 7871 1020000374's revenue and expenses?
In 2024, VERNA TOWNSEND TRUST DATED 7871 1020000374 reported $149k in total revenue and $106k in total expenses on its IRS Form 990.
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