Compensation 990

Olivet College

Fiscal year ending 2024. Filed on March 6, 2025.

320 South Main Street
Olivet, Michigan 49076

Olivet College (EIN: 38-1459365), also known as The University of Olivet, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Olivet College, a 501(c)(3) charitable organization, reported compensation for 11 out of 588 total employees. Among the employees shown here, the average compensation is $160,038. The highest compensated employee at Olivet College is Dr Steven Corey with fiscal year 2024 compensation of $457,320.

Revenue, expenses, and employee compensation

Revenue

$43,013,011

Expenses

$46,924,444

Employee compensation

$15,322,253
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋13.3%vs 2023
Dr Steven Corey
President
$457,320
$413,772 from orgNo related comp$43,548 other
＋105.9%vs 2023
Paul Burkhardt
Provost
$177,472
$164,268 from orgNo related comp$13,204 other
＋2.0%vs 2023
Mark Deruiter
Vice President and Chief Financial Officer
$164,886
$152,182 from orgNo related comp$12,704 other
＋0.9%vs 2023
Vicki Stouffer
Vice President, Advancement
$154,391
$142,107 from orgNo related comp$12,284 other
New in 2024
Phillip Reed
Faculty
$141,187
$135,350 from orgNo related comp$5,837 other
New in 2024
Kirk Hendershott-Kraetzer
Faculty
$130,353
$128,662 from orgNo related comp$1,691 other
＋0.9%vs 2023
Karen Chaney
Assoc. Provost
$129,145
$111,155 from orgNo related comp$17,990 other
－0.9%vs 2023
Ryan Shockey
Vp/Chief of Staff
$115,051
$110,641 from orgNo related comp$4,410 other
New in 2024
Dennis Frank
Program Director, Counseling
$114,705
$110,625 from orgNo related comp$4,080 other
New in 2024
Barry Poulson
Faculty
$110,891
$109,517 from orgNo related comp$1,374 other
New in 2024
Cornelius Darcy
Vice President Enrollment Management (Started 9/2023)
$65,022
$61,463 from orgNo related comp$3,559 other

Non-Employee Board Members

Albert Rosenthaler
Trustee
Audra Carson
Trustee
Breanna O'Keefe
Trustee
Chuck Mefford
Trustee
David Labrecque
Trustee at-large
Denise P Hood
Trustee
Dr Alyssa Keniston
Trustee
Dr Darlene Lee
Trustee
Dr John Schwarz
Trustee
Dr Justin Klamerus
Trustee
Dr Margaret Dimond
Vice Chair
Dr Sharon Hobbs
Secretary

Mission Statement

TO PROVIDE A UNIQUE LIBERAL ARTS EDUCATION ALLOWING STUDENTS TO ENGAGE IN BOTH CURRICULAR AND CO CURRICULAR PROGRAMS THAT COMBINE REAL WORLD EXPERIENCES WITH LECTURES AND SERVICE LEARNING.

Revisions to this organization profile

March 6, 2025:
2024 Olivet College 990 filed
March 29, 2024:
2023 Olivet College 990 filed
February 9, 2023:
2022 Olivet College 990 filed

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