Cleary University
Cleary University reported $29.3 million in revenue and $28.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.51 went to program services, $24.04 to management and general costs and $1.45 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.1% of the total. The highest compensation it reported for one person was $411,930 (PRESIDENT & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 89% 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 $29MFor 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 $29MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.57 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $411,930 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 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 expenseInstruction 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. This year, Cleary University is proud to announce the following achievements: (continued on schedule o)#1 in michigan for rate of return (roi) among private, nonprofit business schools #1 in michigan for earnings one year after graduation and 10 years…
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 & CEO Officer, 50.00 hrs/week | $390,141 | $0 | $21,789 | $411,930 |
| PROVOST Officer, 50.00 hrs/week | $153,675 | $0 | $20,409 | $174,084 |
| VP OF ENROLLMENT Officer, 50.00 hrs/week | $163,152 | $0 | $8,273 | $171,425 |
| CIO Officer, 50.00 hrs/week | $146,106 | $0 | $11,349 | $157,455 |
| VP OF STUDENT SERVICES (PART YEAR) Officer, 50.00 hrs/week | $117,826 | $0 | $22,986 | $140,812 |
| DIR. OF DEVELOPMENT Highest compensated employee, 50.00 hrs/week | $126,357 | $0 | $7,004 | $133,361 |
| DIRECTOR OF MARKETING Highest compensated employee, 50.00 hrs/week | $113,983 | $0 | $17,143 | $131,126 |
| VP OF FINANCE Highest compensated employee, 50.00 hrs/week | $102,773 | $0 | $6,137 | $108,910 |
8 people received more than $100,000 in reportable compensation from Cleary University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (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–1b17 · 17 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 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 5305
- Volunteers Part I, line 622
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Cleary University totaling $770K 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 Cleary University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cleary University, you can publish a response that is linked from this page.
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Of every $100 Cleary University spent in FY2025, $74.51 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Paul Public Charter SchoolWashington, DC · revenue $29M · programs 88.0% · FY2025
- Little Rock Christian AcademyLittle Rock, AR · revenue $29M · programs 90.8% · FY2025
- The Board of Trustees of the Sheffield Scientific SchoolNew Haven, CT · revenue $29M · programs 92.2% · FY2025
- Council of Chief State School OfficersWashington, DC · revenue $29M · programs 77.7% · FY2025
- Aacsb International - the Association to Advance Collegiate Schools of BusinessTampa, FL · revenue $29M · programs 67.7% · FY2025
Questions people ask
How much of Cleary University's spending goes to programs?
In the fiscal year ending June 30, 2025, Cleary University reported that 74.5% of its $28.9 million in expenses went to program services, 24.0% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Cleary University pay its top executive?
The largest total compensation Cleary University reported for one person in the fiscal year ending June 30, 2025 was $411,930, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cleary University get its money?
Of $29.3 million in revenue in the fiscal year ending June 30, 2025, 2.5% came from contributions and grants (including 0.1% from government grants) and 97.1% from program service revenue (Form 990, Part VIII).
Is Cleary University a registered charity?
The IRS lists EIN 38-1393841 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 202620489349301637 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500559349301460 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440929349300859 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340659349300044 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200899349300630 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110469349300321 · read the filing
All filings for EIN 38-1393841: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.