By Jackie Glosniak
April 3, 2013
As a nonprofit higher education institution, Dominican University’s main sources of income include tuition dollars and trustee endowments. Because Dominican does not rely on funding by the national government, every year, the university must file the Form 990 in order to claim itself as a tax-exempt entity.
Form 990, provided by the Internal Revenue Service, is a way for an establishment or organization to provide the public about their specific financial information. Form 990 is required to be filed by the government in order to allow an institution to remain a tax-exempt body, and regularly, these forms also serve as the only source of financial information for the public.
According to the most recent forms available on GuideStar.com, a website dedicated to publishing nonprofit reports, the 2011 reported base compensation for President Donna Carroll is $319,500.
Considering the latest budget issues surrounding the university, President Carroll’s salary remains very stable when compared to the salaries of other local area private colleges. At North Central College in Naperville, President Harold R. Wilde received a reported $328, 565 during 2011. Also in 2011, Elmhurst College President Stephen Alan Ray made $259,393 while Benedictine University President William J. Carroll made $317,840.
Also reported on Dominican’s 2011 Form 990 was money allotted to undergraduate scholarships and grants. In 2011, 1,709 undergraduate students were the recipients of scholarships and grants totaling $19,122,237.
It appears that as promised by President Carroll in her latest interview about the budget situation at Dominican, students remain the top focus for the institution, as by examining Form 990 students are still receiving a large chunk of change.