Hanover College
Hanover College reported $113.9 million in revenue and $91.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.30 went to program services, $6.42 to management and general costs and $2.28 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 59.2% of the total. The highest compensation it reported for one person was $357,379 (PRESIDENT). 38 people received more than $100,000 in reportable compensation. Revenue rose 62% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $91MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $114MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 36.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 59.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $357,379 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.39% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 38 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 33.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 32 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCollege: 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. For FY25, the doctor of occupational therapy (otd) program had 101 students
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 50.0 hrs/week | $305,727 | $0 | $51,652 | $357,379 |
| FOUNDING DEAN AND CLINICAL PROFESSOR SCHOOL OF VET MEDICINE Highest compensated employee, 50.0 hrs/week | $229,167 | $0 | $8,333 | $237,500 |
| PROVOST AND VP FOR ACADEMIC AFFAIRS Highest compensated employee, 50.0 hrs/week | $176,880 | $0 | $25,599 | $202,479 |
| VP FOR ADVANCEMENT Key employee, 50.0 hrs/week | $173,352 | $0 | $28,518 | $201,870 |
| ASSOCIATE PROVOST FOR GRADUATE STUDIES Highest compensated employee, 50.0 hrs/week | $166,501 | $0 | $25,183 | $191,684 |
| VP FOR BUSINESS AFFAIRS Officer, 50.0 hrs/week | $167,409 | $0 | $18,642 | $186,051 |
| Vice President for Enrollment and Marketing Highest compensated employee, 50.0 hrs/week | $162,142 | $0 | $22,279 | $184,421 |
| Professor Emeritus of Engineering Highest compensated employee, 50.0 hrs/week | $152,345 | $0 | $12,224 | $164,569 |
38 people received more than $100,000 in reportable compensation from Hanover College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $745K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 32 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5879
- Volunteers Part I, line 632
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| EVIDENCE IN MOTION LLC Continuing education services | $5,348,980 |
| PARKHURSTEAT'N PARK HOSPITALITY GROUP Dining | $3,710,060 |
| MV COMMERICAL CONSTRUCTION LLC Construction | $3,345,977 |
| SULLIVAN & POORE INC Construction | $3,139,275 |
| HAGERMAN GROUP THE Construction | $1,773,647 |
Individuals listed as contractors are left out. 19 contractors were paid more than $100,000 in all.
Private foundation grants it received
23 private foundations reported grants to Hanover College totaling $1.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Hanover College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hanover College, you can publish a response that is linked from this page.
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Of every $100 Hanover College spent in FY2025, $91.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Union UniversityJackson, TN · revenue $114M · programs 92.1% · FY2025
- Rockhurst UniversityKansas City, MO · revenue $114M · programs 88.3% · FY2025
- Pitzer CollegeClaremont, CA · revenue $114M · programs 85.8% · FY2025
- Practising Law InstituteNew York, NY · revenue $114M · programs 91.9% · 2024
- Curry CollegeMilton, MA · revenue $114M · programs 90.9% · FY2025
Questions people ask
How much of Hanover College's spending goes to programs?
In the fiscal year ending June 30, 2025, Hanover College reported that 91.3% of its $91.0 million in expenses went to program services, 6.4% to management and general and 2.3% to fundraising (Form 990, Part IX).
How much does Hanover College pay its top executive?
The largest total compensation Hanover College reported for one person in the fiscal year ending June 30, 2025 was $357,379, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hanover College get its money?
Of $113.9 million in revenue in the fiscal year ending June 30, 2025, 36.8% came from contributions and grants (including 0.3% from government grants) and 59.2% from program service revenue (Form 990, Part VIII).
Is Hanover College a registered charity?
The IRS lists EIN 35-0868096 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640669349300309 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510579349301676 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349310967 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301009349300005 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201269349302895 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130849349301653 · read the filing
All filings for EIN 35-0868096: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.