Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1934.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 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; $879K paid to officers and key staff.
Dr Alan Drimmer’s $390K as President & CEO is at the 79th 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Alan Drimmer | $390,141 | $338,454 | $344,115 | $151,664 | — | — |
| Jayson Boyers | — | — | — | — | — | $227,563 |
| Emily Barnes | — | — | $95,994 | $172,692 | $148,723 | $102,565 |
| Jeremy Walker | $163,152 | $151,379 | $122,740 | — | — | — |
| Douglas Stein | $153,675 | $147,863 | $78,585 | — | — | — |
| Eric Riddering | $146,106 | $139,692 | — | — | — | — |
| Machelle Holanda | — | — | $136,146 | $135,154 | $119,102 | $131,120 |
| Matthew Bennett | — | — | — | $135,582 | $115,061 | $115,370 |
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 15aYes
Programs and updates
Teaches business skills to empower people serving employers and communities.
Questions for Cleary University
Your first name shows with your question. Cleary University answers here, for everyone.
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Instruction and Room & Board
the teaching of higher education courses to students and enabling them to sustain residency on campus in order to attend classes, achieve a bachelor's degree and enjoy the full college experience. At Cleary University, our commitment to enhancing the college experience for our students remains first and foremost.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $2.0M | $1.8M | $1.9M | $1.8M | $1.8M |
| Given inLn 1b | $37K | $24K | $62K | $11K | $48K |
| SpentLn 1d–1f | $3K | $3K | $128K | $88K | $17K |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $29K | $129K |
| InvestmentsLn 11–13 | $277K | |
| Land, buildings, equipmentLn 10c | $15.3M | $14.3M |
| Total assetsLn 16 | $22.5M | $42.5M |
| LiabilitiesLn 26 | $12.6M | $33.6M |
| Net assetsLn 32 | $9.8M | $8.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $11.6M | $11.6M | ||
| Pay of current officers, directors and key staffLn 5 | $756K | $756K | ||
| Other salaries and wagesLn 7 | $5.3M | $3.2M | $2.0M | $113K |
| Pension plan contributionsLn 8 | $142K | $142K | ||
| Other employee benefitsLn 9 | $483K | $479K | $3K | $521 |
| Payroll taxesLn 10 | $349K | $349K | ||
| Legal feesLn 11b | $83K | $83K | ||
| Accounting feesLn 11c | $75K | $75K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $775K | $356K | $397K | $23K |
| Advertising and promotionLn 12 | $318K | $5K | $296K | $16K |
| Office expensesLn 13 | $891K | $642K | $248K | $626 |
| Information technologyLn 14 | $52K | $52K | ||
| OccupancyLn 16 | $316K | $180 | $316K | |
| TravelLn 17 | $309K | $269K | $28K | $12K |
| InterestLn 20 | $1.2M | $625K | $523K | $28K |
| Depreciation, depletion and amortizationLn 22 | $1.4M | $716K | $698K | $32K |
| InsuranceLn 23 | $176K | $68K | $108K | |
| Other expenses (24a–d)Ln 24 | $594K | $427K | $164K | $3K |
| All other expensesLn 24e | $139K | $5K | $134K | $0 |
| Total functional expensesLn 25 | $25.0M | $19.1M | $5.6M | $229K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 17, 2026 | $29.3M | $28.9M | $380K | $10.0M | 990 PDF |
| FY2024Filed with the IRS Feb 24, 2025 | $27.7M | $27.0M | $707K | $9.6M | 990 PDF |
| FY2023 ViewingFiled with the IRS Apr 1, 2024 | $24.2M | $25.0M | −$776K | $8.9M | 990 PDF |
| FY2022Filed with the IRS Mar 6, 2023 | $18.8M | $20.1M | −$1.3M | $9.8M | 990 PDF |
| FY2021Filed with the IRS Mar 30, 2022 | $17.0M | $16.8M | $194K | $11.2M | 990 PDF |
| FY2020Filed with the IRS Feb 15, 2021 | $15.5M | $15.9M | −$394K | $11.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $24,188,170 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $24,188,170 across 11 lines filed
Part IX · Statement of functional expenses $24,964,473 across 20 lines filed
Part X · Balance sheet $42,514,225 assets, 17 lines filed
Part XI · Reconciliation of net assets $8,906,447 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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