Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1948.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990; $1.9M paid to officers and key staff.
Steven Rich’s $400K as President is at the 80th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Steven Rich | $400,105 | $350,272 | $319,306 | $296,373 | $246,158 | $213,875 |
| Stephen Alan Ray | — | — | — | — | $165,347 | $329,059 |
| Carolyn Smith | $188,034 | $183,660 | $63,374 | — | — | — |
| Janet Kuser-Komarnicki | $182,377 | $176,254 | $167,696 | $157,670 | $158,019 | $156,218 |
| Brenda Sanchez | — | — | — | $133,210 | $180,802 | $181,259 |
| Robert Melaragni | $179,024 | $174,046 | $166,664 | $152,132 | $153,800 | $152,388 |
| Lynne Robinson | $159,456 | $155,328 | $107,139 | — | — | — |
| Brian Perrin | $157,078 | $149,528 | $122,984 | $105,562 | $104,796 | $101,948 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides students with knowledge and skills for lifelong learning and careers.
Questions for Fisher College
Your first name shows with your question. Fisher College answers here, for everyone.
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Housing & Student Services
The Fisher College campus, housing, student services and student resources programs define the College as much as the educational and instructional programs it offers and the people who embody its Mission. The students' experiences, and their memories of their years at Fisher College, are entwined with the campus and its offerings.
Educational/Instructional Services
As directed by the Fisher College Mission and its strategic goals, the academic program "changes lives" by enabling students to acquire knowledge and skills that will guide them through a lifetime of intellectual and professional pursuits.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $2.8M |
| InvestmentsLn 11–13 | $54.2M | $58.5M |
| Land, buildings, equipmentLn 10c | $15.6M | $15.0M |
| Total assetsLn 16 | $72.4M | $77.6M |
| LiabilitiesLn 26 | $8.0M | $7.8M |
| Net assetsLn 32 | $64.4M | $69.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.5M | $919K | $603K | $0 |
| Other salaries and wagesLn 7 | $11.4M | $10.0M | $1.2M | $148K |
| Pension plan contributionsLn 8 | $418K | $344K | $66K | $8K |
| Other employee benefitsLn 9 | $793K | $724K | $55K | $13K |
| Payroll taxesLn 10 | $944K | $800K | $133K | $11K |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $30K | $8K | $21K | $0 |
| Accounting feesLn 11c | $72K | $30K | $43K | $0 |
| Other fees for servicesLn 11g | $926K | $523K | $282K | $121K |
| Advertising and promotionLn 12 | $723K | $625K | $99K | $0 |
| Office expensesLn 13 | $235K | $168K | $7K | $60K |
| Information technologyLn 14 | $776K | $608K | $166K | $2K |
| OccupancyLn 16 | $489K | $489K | $0 | $0 |
| TravelLn 17 | $1.1M | $1.1M | $10K | $798 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $70K | $67K | $3K | $86 |
| InterestLn 20 | $474K | $405K | $66K | $3K |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $1.5M | $1.3M | $166K | $14K |
| InsuranceLn 23 | $489K | $410K | $72K | $6K |
| Other expenses (24a–d)Ln 24 | $3.4M | $3.2M | $189K | $15K |
| All other expensesLn 24e | $985K | $793K | $167K | $25K |
| Total functional expensesLn 25 | $26.3M | $22.5M | $3.4M | $426K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $25.3M | $25.4M | −$98K | $64.4M | 990 PDF |
| FY2023 | $23.4M | $25.2M | −$1.7M | $56.5M | 990 PDF |
| FY2022 | $22.5M | $22.3M | $173K | $52.2M | 990 PDF |
| FY2021 | $25.0M | $21.4M | $3.6M | $60.2M | 990 PDF |
| FY2020 | $22.6M | $22.9M | −$242K | $45.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $26,957,608 revenue, 12 lines filed
Part VI · Governance 14 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $26,957,608 across 16 lines filed
Part IX · Statement of functional expenses $26,295,609 across 22 lines filed
Part X · Balance sheet $77,602,625 assets, 20 lines filed
Part XI · Reconciliation of net assets $69,832,408 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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