Reed Institute
Portland, OR · EIN 93-0386908 · Education · Rank 2,645 by total revenue
Provide education in the liberal arts and sciences
Money, Form 990 for tax year 2024
- Total revenue
- $234,628,051
- Total expenses
- $165,205,645
- Total assets
- $1,218,420,100
- Salary base (all salaries and wages)
- $53,877,322
- Salaries, other pay and benefits
- $72,156,475
- Employees
- 1,703
- Salary base per employee
- $31,637
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (39)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Audrey Bilger | President | Board, Officer | 40 | $839,699 |
| Lynn Valenter | Vice President of Finance and Treasurer | Officer | 40 | $438,659 |
| Kathryn Oleson | Dean of the Faculty | Officer | 40 | $309,349 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid | Officer | 40 | $304,018 |
| Hugh Porter | Vice President for College Relations and Planning (through 6/30/24) | Officer | 40 | $302,659 |
| Karnell McConnell-Black | Vice President for Student Life | Officer | 40 | $274,075 |
| Phyllis Esposito | Vice President and Dean for Institutional Diversity | Officer | 40 | $253,657 |
| Hieu Nguyen | Vice President for Advancement and College Relations (from 7/1/24) | Officer | 40 | $194,626 |
| Thomas O Daniel | Trustee-Vice Chair | Board, Officer | 1 | None reported |
| Deborah D Kamali '85 | Trustee-Chair | Board, Officer | 1 | None reported |
| Darlene D Pasieczny '01 | Trustee-Secretary | Board, Officer | 1 | None reported |
| Erik Bernhardt | Chief Investment Officer | Key employee | 40 | $530,266 |
| M Jane Buchan | Trustee | Board | 1 | None reported |
| Julie JL Cheng '84 | Trustee | Board | 1 | None reported |
| Laurence 'Larry' Abramson '80 | Trustee | Board | 1 | None reported |
| Julia P Adams '80 | Trustee | Board | 1 | None reported |
| Lizbeth A Adams '79 | Trustee (from 4/2025) | Board | 1 | None reported |
| Alea Adigweme '06 | Trustee | Board | 1 | None reported |
| Konrad S Alt '81 | Trustee (through 4/2025) | Board | 1 | None reported |
| Michael S Axley '89 | Trustee (through 4/2025) | Board | 1 | None reported |
| Carla J Beam '76 | Trustee | Board | 1 | None reported |
| Peter J Bragdon | Trustee | Board | 1 | None reported |
| Kurt D Delbene | Trustee (from 4/2025) | Board | 1 | None reported |
| Nicholas G Galakatos '79 | Trustee | Board | 1 | None reported |
| Edward 'Ned' Hall '87 | Trustee | Board | 1 | None reported |
| George M James '77 | Trustee | Board | 1 | None reported |
| Amy M Madigan | Trustee | Board | 1 | None reported |
| Alex J Martinez '73 | Trustee | Board | 1 | None reported |
| Winthrop 'Win' McCormack | Trustee | Board | 1 | None reported |
| Margaret Hill Noto '75 | Trustee | Board | 1 | None reported |
| Eduardo M Ochoa '73 | Trustee | Board | 1 | None reported |
| Ritankar 'Ronti' Pal '93 | Trustee | Board | 1 | None reported |
| Roger M Perlmutter '73 | Trustee | Board | 1 | None reported |
| John P Sheehy '82 | Trustee | Board | 1 | None reported |
| Tina Sohaili-Korbonits '07 | Trustee | Board | 1 | None reported |
| Susan Sokol Blosser '86 | Trustee | Board | 1 | None reported |
| Alice Larkin Steiner '74 | Trustee (through 4/2025) | Board | 1 | None reported |
| Peter C Stockman '77 | Trustee | Board | 1 | None reported |
| Richard 'Rick' H Wollenberg '75 | Trustee | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $3,832,147, which is 7.1% of the $53,877,322 salary base shared by 1,703 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Audrey Bilger | President | Board, Officer | 40 | $785,892 | $0 | $53,807 | $839,699 |
| Erik Bernhardt | Chief Investment Officer | Key employee | 40 | $470,727 | $0 | $59,539 | $530,266 |
| Lynn Valenter | Vice President of Finance and Treasurer | Officer | 40 | $384,852 | $0 | $53,807 | $438,659 |
| Kathryn Oleson | Dean of the Faculty | Officer | 40 | $260,978 | $0 | $48,371 | $309,349 |
| Milyon Trulove | Vice President and Dean of Admission and Financial Aid | Officer | 40 | $253,378 | $0 | $50,640 | $304,018 |
| Hugh Porter | Vice President for College Relations and Planning (through 6/30/24) | Officer | 40 | $265,733 | $0 | $36,926 | $302,659 |
| Andrew Lonergan | Director of Investments | Highly paid employee | 40 | $251,314 | $0 | $42,566 | $293,880 |
| Valerie Moreno | Chief Information & Security Officer | Highly paid employee | 40 | $242,629 | $0 | $43,256 | $285,885 |
| Karnell McConnell-Black | Vice President for Student Life | Officer | 40 | $239,473 | $0 | $34,602 | $274,075 |
| Phyllis Esposito | Vice President and Dean for Institutional Diversity | Officer | 40 | $213,045 | $0 | $40,612 | $253,657 |
Sources
- IRS e-file return 202631319349304193 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 93-0386908
- Organization website (as filed): www.reed.edu