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Filing year 2024

VERNA TOWNSEND TRUST DATED 7871 1020000374

Champaign, Illinois·EIN 37-6107738·NTEE B82 · Education·3
Total revenue
$149k
Total assets
$1.8M
Total expenses
$106k
Reported officers
1
Mission

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 · Schedule J · 1 reported individual · Filing year 2024

Trustee
board member
$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.

Browse compensation in Education

Financial trend

Revenue and expenses over time

VERNA TOWNSEND TRUST DATED 7871 1020000374 reported revenue and expenses across 2 filing years.

RevenueExpenses
$117k
$103k
2023
$149k
$106k
2024
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 $79,978.

25th percentile
$25k
Median
$79,978
75th percentile
$195k
90th percentile
$368k

These are education sector-wide figures, not this organization's reported pay. Based on 362 organizations across 362 filings (2021 – 2023).

See full Education pay data for Illinois
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