Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $830.8M |
|---|---|
| FY2021 | $1.0B |
| FY2022 | $1.0B |
| FY2023 | $1.0B |
| FY2024 | $1.1B |
| FY2024 | $1.2B |
| FY2020 | $171.9M |
|---|---|
| FY2021 | $167.6M |
| FY2022 | $182.0M |
| FY2023 | $177.7M |
| FY2024 | $180.4M |
| FY2024 | $187.2M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 91% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 20% | — | — |
| Revenue growth | 15% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Audrey Bilger’s $786K as President is at the 65th 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 | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Audrey Bilger | $785,892 | $670,868 | $588,465 | $556,834 | $548,014 | $304,592 |
| Hugh Porter | $265,733 | $416,077 | $393,170 | $379,400 | $489,316 | $435,935 |
| Erik Bernhardt | $470,727 | $431,048 | $390,594 | $333,594 | $339,900 | — |
| Michael Brody | — | — | — | — | $457,650 | $235,141 |
| Lorraine Arvin | — | — | — | $291,550 | $430,875 | $363,661 |
| Lynn Valenter | $384,852 | $368,557 | $348,223 | $152,045 | — | — |
| Nigel J Nicholson | — | — | — | $217,756 | $341,312 | $245,833 |
| Amanda Heaton | — | — | $339,238 | $187,837 | $184,785 | $177,848 |
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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Governance & Policies
- 28Voting board membersPt VI · Ln 1a
- 27Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Educates students in the liberal arts and sciences.
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Where the work happens
1,332 FTE Students as of Fall 2024, 410 degrees conferred 24/25.
Auxiliary Services
students living in dorms, using dining facilities and bookstore.
The Institute had 26 research grants funded with federal funds. Departments funded were Biology, Chemistry, Physics, Psychology, Math, Sociology, and the nuclear reactor.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 | $204.7M | $158.2M | +36% | 990 PDF |
| FY2023 | $150.4M | $152.1M | -19% | 990 PDF |
| FY2022 | $184.8M | $146.4M | +36% | 990 PDF |
| FY2021 | $135.5M | $129.6M | +4% | 990 PDF |
| FY2020 | $130.1M | $135.7M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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