Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1953.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 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
40 people listed on the 990; $1.5M paid to officers and key staff.
Dr Lake Lambert’s $306K as President is at the 13th percentile of top reported officer pay among 674 $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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Lake Lambert | $305,727 | $304,209 | $303,721 | $297,088 | $288,220 | $317,165 |
| Dewain Lee | — | $234,742 | — | $135,119 | $136,551 | $135,249 |
| Christina Tran | $229,167 | — | — | — | — | — |
| Deborah Hanson | — | — | $202,007 | — | — | — |
| J Michael Bruce | — | — | — | — | $199,255 | $197,406 |
| David Mruzek | — | — | $192,776 | — | — | — |
| Diane Leah Magary | — | — | $189,871 | — | — | — |
| Robert C Graham | — | — | $185,995 | — | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Offers lifelong learning in over 35 academic fields.
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College
Instructional salaries, student financial aid and other costs which are incurred to provide educational opportunities for the students. Approximately 1,028 students attended hanover during the year. For FY25, the doctor of physical therapy (DPT) program had 107 students.
Auxiliary Activities
Expenses incurred for residential halls, dining hall, campus center and various enterprises which provide goods and services to the students
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.8M | $37.0M |
| InvestmentsLn 11–13 | $152.3M | $153.2M |
| Land, buildings, equipmentLn 10c | $60.5M | $68.8M |
| Total assetsLn 16 | $253.3M | $291.6M |
| LiabilitiesLn 26 | $32.8M | $35.8M |
| Net assetsLn 32 | $220.5M | $255.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $32.0M | $32.0M | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $745K | $36K | $347K | $363K |
| Other salaries and wagesLn 7 | $20.2M | $18.5M | $859K | $873K |
| Pension plan contributionsLn 8 | $1.2M | $1.1M | $83K | $80K |
| Other employee benefitsLn 9 | $2.2M | $1.9M | $103K | $163K |
| Payroll taxesLn 10 | $1.5M | $1.3M | $76K | $88K |
| Legal feesLn 11b | $104K | $7K | $97K | |
| Accounting feesLn 11c | $121K | $121K | ||
| Investment management feesLn 11f | $2.4M | $2.4M | ||
| Other fees for servicesLn 11g | $8.4M | $8.1M | $285K | $52K |
| Advertising and promotionLn 12 | $356K | $312K | $15K | $30K |
| Office expensesLn 13 | $662K | $536K | $54K | $72K |
| Information technologyLn 14 | $393K | $177K | $185K | $32K |
| OccupancyLn 16 | $3.2M | $3.1M | $72K | $50K |
| TravelLn 17 | $2.6M | $2.4M | $59K | $137K |
| Conferences, conventions and meetingsLn 19 | $49K | $45K | $3K | $2K |
| InterestLn 20 | $1.2M | $885K | $288K | |
| Depreciation, depletion and amortizationLn 22 | $4.3M | $4.0M | $345K | $3K |
| InsuranceLn 23 | $1.1M | $810K | $306K | $12K |
| Other expenses (24a–d)Ln 24 | $8.3M | $8.0M | $145K | $121K |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $91.0M | $83.1M | $5.8M | $2.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $113.9M | $91.0M | $22.9M | $255.9M | 990 PDF |
| FY2024 | $78.9M | $85.9M | −$7.0M | $220.5M | 990 PDF |
| FY2023 | $70.6M | $78.6M | −$8.1M | $216.3M | 990 PDF |
| FY2022 | $66.7M | $77.6M | −$10.9M | $215.4M | 990 PDF |
| FY2021 | $66.0M | $70.1M | −$4.1M | $239.9M | 990 PDF |
| FY2020 | $70.2M | $66.7M | $3.5M | $199.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $113,863,379 revenue, 12 lines filed
Part VI · Governance 32 of 32 board members independent, 1 to look at
Part VIII · Statement of revenue $113,863,379 across 10 lines filed
Part IX · Statement of functional expenses $90,999,687 across 24 lines filed
Part X · Balance sheet $291,648,740 assets, 19 lines filed
Part XI · Reconciliation of net assets $255,896,985 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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