Willamette University FY2021 filing
Provides rigorous higher education in the liberal arts and professional fields, preparing students for lives of achievement, contribution, and leadership through active campus learning. For fiscal year 2021 it reported $5.5M in revenue, $6.3M in expenses, and $457.2M in net assets.Pt I
- Founded
- 1842
- Type
- Higher education institution · Colleges & Universities
- Location
- Salem, OR
- Website
- www.willamette.edu
- Filings
- 6 on file (2020–2021)
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Summary of the Filing
Where the work happens
Higher Education
Instruction and support: 1,277 in the college of arts and sciences, 325 in the college of law, 145 in the atkinson graduate school of management, 12 in data science, and 64 in a joint degree program (1,823 students).
Higher Education
Auxiliary functions: includes room & board (for 663 students) and summer conferences.
Higher Education
Instruction and support for the month of june 2021 only: 100 students in the college of law, 107 students in the atkinson graduate school of management, 17 students in data science, and one student in the joint degree JD/MBA (222 students).
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Stephen Thorsett’s $501K as President is at the 38th 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 |
|---|---|---|---|---|---|---|
| Stephen E Thorsett | — | — | — | $641,568 | $401,690 | $414,138 |
| Stephen Thorsett | $500,509 | $487,093 | $484,263 | — | — | — |
| Shelby Radcliffe | $272,564 | $342,077 | $260,974 | $253,462 | $256,054 | $260,955 |
| Daniel Valles SR Vice | $246,390 | $265,063 | $262,276 | $283,950 | $217,618 | — |
| Symeon Symeonides | — | — | — | — | — | $275,518 |
| Symeon Symeonides Alex L | — | — | $202,727 | $240,665 | $272,951 | — |
| Brian Gallini | — | $268,039 | $262,794 | $254,892 | $160,971 | — |
| Anne Gallagher Associate | — | $160,684 | $156,887 | $261,948 | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | ×19 | — | — |
| Overhead ratio | 197% | — | — |
| Fundraising cost ratio | 32% | — | — |
| Revenue growth | -96% | — | — |
| Investment management fee ratio | 0.2% | — | — |
| Legal fee ratio | 7% | — | — |
| Accounting fee ratio | 1% | — | — |
| Fundraising fee ratio | 2% | — | — |
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.
Grants
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Filings & Schedule Manifest
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Sources
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