Board Governance
Strengthening the effectiveness and strategic leadership of governing boards through training, resources, and best practice guidance
Strengthens governing boards of colleges and universities to enhance institutional leadership and governance effectiveness
About Organization
The Association of Governing Boards provides resources, research, and consulting services to strengthen higher education governing boards across the United States. Based in Washington, DC, the organization operates with 53 employees and generates $16.7 million in annual revenue, serving institutional trustees, presidents, and board professionals.
Board Governance
Strengthening the effectiveness and strategic leadership of governing boards through training, resources, and best practice guidance
Institutional Leadership
Supporting college and university presidents and trustees in navigating complex governance challenges and institutional priorities
Policy and Research
Conducting research on higher education governance trends and developing policy recommendations for improved institutional oversight
Form 990 data showing organizational financial health and growth.
Revenue (2024)
$16.7M
+0% vs 2024
Assets (2024)
$25.6M
+0% vs 2024
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2024 | — | — | — | — |
| 2024 | $16,733,862 | $15,810,508 | $25,643,519 | 53 |
| 2023 | — | — | — | — |
| 2023 | $16,824,804 | $16,439,055 | $24,371,356 | 52 |
| 2022 | — | — | — | — |
| 2022 | $16,292,881 | $15,838,377 | $23,591,470 | 58 |
| 2020 | — | — | — | — |
| 2020 | $15,066,269 | $14,229,845 | $19,633,060 | 45 |
| 2019 | $13,184,033 | $14,772,877 | $16,179,565 | 57 |
| 2018 | $14,232,893 | $14,370,504 | $16,997,972 | 51 |
Source: IRS Form 990 filings. All figures in USD.
Conduct research on higher education governance trends and identify best practices across institutions
Deliver training programs and resources to strengthen board member knowledge and leadership capabilities
Provide tailored consulting services to institutions seeking to improve governance structures and effectiveness
Facilitate peer learning and collaboration among board members and institutions nationwide
Services and programs offered by Association Of Governing Boards Of
Professional development programs and training for college and university trustees to enhance governance effectiveness and strategic decision-making
Specialized consulting and advisory services to help institutions strengthen board structure, policies, and institutional oversight practices
Peer learning network connecting governing board members across institutions to share insights and governance strategies
Meet the people behind Association Of Governing Boards Of.
1952
1952
Established to support and strengthen governing boards in higher education institutions
2018
2018
Organization reached $14.2 million in revenue serving expanding membership base
2022
2022
Grew to 58 employees while revenue increased to $16.3 million
2024
2024
Interim President and CEO Ellen Chaffee completed term in August 2024
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2024)
$3.8M
Highest Paid
$409K
Mary Papazian
Compensated Officers
15
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Mary Papazian | Executive VP Until 06/25 | $358,658 | $50,186 | $408,844 | 40 |
| Maria Nazareth | Senior VP & Treasurer | $319,213 | $75,100 | $394,313 | 40 |
| Patricia Kunkle | Senior Vice President | $353,724 | $40,292 | $394,016 | 40 |
| Christina Jacobs | Senior Vice President | $312,899 | $39,557 | $352,456 | 40 |
| Ellen Chaffee | Int. President & CEO Until 08/24 | $315,332 | — | $315,332 | 39 |
| Cristin J Toutsi Grigos | Senior Vice President | $239,018 | $50,969 | $289,987 | 40 |
| Larry Robertson | Senior Vice President | $219,960 | $38,169 | $258,129 | 40 |
| Framroze Virjee | President & CEO From 08/24-02/25 | $226,647 | $8,625 | $235,272 | 39 |
| David Bass | VP Program Strategy As Of 04/25 | $188,600 | $32,100 | $220,700 | 40 |
| Andrew Lounder | Associate VP Of Programs | $179,531 | $24,213 | $203,744 | 40 |
| Gerard Bayani | Director Of Accounting | $161,646 | $30,934 | $192,580 | 40 |
| Megan Clarke | Associate VP Of Marketing & Digital Exp. | $170,880 | $17,719 | $188,599 | 40 |
| Nancy Steelberg | Marketing Director | $151,889 | $15,570 | $167,459 | 40 |
| Ben David Rowe | Managing Director | $103,141 | $3,048 | $106,189 | 40 |
| Roderick Mcdavis | Principal | $0 | $65,185 | $65,185 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Henry Stoever | President And CEO Thru 09/2023 | $519,929 | $79,516 | $599,445 | 39 |
| Maria Nazareth | Senior Vice President & Treasurer | $307,611 | $73,337 | $380,948 | 40 |
| Christina Jacobs | Senior Vice President | $310,948 | $38,180 | $349,128 | 40 |
| Patricia Kunkle | Senior Vice President | $247,161 | $38,856 | $286,017 | 40 |
| Cristin J Toutsi Grigos | Senior Vice President | $206,432 | $51,366 | $257,798 | 40 |
| Ben David Rowe | Managing Director Thru 01/2024 | $225,206 | $23,020 | $248,226 | 40 |
| Larry Robertson | Senior Vice President | $210,513 | $27,777 | $238,290 | 40 |
| David Bass | Ed, Philanthropic Governance | $186,643 | $28,494 | $215,137 | 40 |
| Andrew Lounder | Associate VP Of Programs | $167,888 | $26,979 | $194,867 | 40 |
| Megann Clarke | Senior DIR, Web & Digital Strategies | $163,089 | $16,814 | $179,903 | 40 |
| Nancy Steelberg | Marketing Director | $147,550 | $15,112 | $162,662 | 40 |
| Stephen Abbott | Senior DIR, Partnerships | $143,349 | $16,855 | $160,204 | 40 |
| Mary Papazian | Executive VP As Of 08/2023 | $139,827 | $4,728 | $144,555 | 40 |
| Ellen Chaffee | Int. President & CEO As Of 10/2023 | $140,719 | — | $140,719 | 39 |
| Rose Gitenstein | Managing Director Thru 05/2023 | $124,081 | $12,558 | $136,639 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Henry Stoever | President And CEO | $566,352 | $83,414 | $649,766 | 39 |
| Maria Nazareth | Vice President And Treasurer | $336,777 | $67,604 | $404,381 | 40 |
| Merrill Schwartz | Senior Vice President -Until 05/2023 | $275,281 | $69,263 | $344,544 | 40 |
| Helen Leith | Vice President -Until 07/2022 | $291,628 | $43,682 | $335,310 | 40 |
| Christina Jacobs | Vice President | $296,071 | $36,433 | $332,504 | 40 |
| Rose Gitenstein | Managing Director | $266,085 | $26,699 | $292,784 | 40 |
| Patricia Kunkle | Vice President | $215,385 | $32,289 | $247,674 | 40 |
| David Bass | Ed, Philanthropic Governance | $177,167 | $27,447 | $204,614 | 40 |
| Cristin J Toutsi Grigos | Vice President | $160,884 | $43,701 | $204,585 | 40 |
| Andrew Lounder | Associate VP Of Programs | $167,867 | $25,240 | $193,107 | 40 |
| Megann Clarke | Senior DIR, Web & Digital Strategies | $159,099 | $13,949 | $173,048 | 40 |
| Stephen Abbott | Senior DIR, Of Partnerships | $149,513 | $16,454 | $165,967 | 40 |
| Christopher Moloney | Associate VP, Agb Consulting | $134,033 | $24,769 | $158,802 | 40 |
| Roderick Mcdavis | Principal | $0 | $55,044 | $55,044 | 1 |
| Larry Robertson | Vice President | $44,001 | $1,760 | $45,761 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Richard A Beyer | Lead Consultant | $727,012 | $62,537 | $789,549 | 40 |
| Henry Stoever | President And CEO | $516,669 | $92,727 | $609,396 | 39 |
| Christina Jacobs | Vice President | $273,342 | $40,128 | $313,470 | 40 |
| Merrill Schwartz | Senior Vice President | $239,003 | $71,189 | $310,192 | 40 |
| Kenneth Knueven | Managing Director | $245,360 | $62,795 | $308,155 | 40 |
| Maria Nazareth | Vice President | $241,083 | $62,295 | $303,378 | 40 |
| Helen Leith | Vice President | $195,486 | $51,552 | $247,038 | 40 |
| Robert Waters | Vice President | $210,397 | $31,218 | $241,615 | 40 |
| Patricia Kunkle | Vice President | $194,624 | $35,515 | $230,139 | 40 |
| Christopher Moloney | DIR Strategy, Trans, Innov | $158,165 | $30,052 | $188,217 | 40 |
| Richard D Legon | Former President/Consultant | $182,120 | — | $182,120 | 40 |
| Elizabeth Alvarado | Director Of Agb Consulting | $149,449 | $28,438 | $177,887 | 40 |
| Cristin Toutsi Grigos | ASSOC VP Content Strategy | $129,246 | $36,426 | $165,672 | 40 |
| Stephen Abbott | Director Of Partnerships | $143,428 | $20,753 | $164,181 | 40 |
| Roderick Mcdavis | Principal | $0 | $56,886 | $56,886 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Richard D Legon | President | $452,541 | $69,839 | $522,380 | 40 |
| Richard A Beyer | Lead Consultant | $337,810 | $45,160 | $382,970 | 40 |
| Henry Stoever | President And CEO | $288,271 | $61,596 | $349,867 | 39 |
| Maria Nazareth | Vice President | $219,608 | $57,608 | $277,216 | 40 |
| Merrill Schwartz | Senior Vice President | $208,230 | $68,584 | $276,814 | 40 |
| James Hundrieser | Managing Director | $163,774 | $22,038 | $185,812 | 40 |
| Patricia Kunkle | Vice President | $150,140 | $17,378 | $167,518 | 40 |
| Stephen Abbott | Director Of Corp Relations | $152,587 | $14,570 | $167,157 | 40 |
| Helen Leith | Vice President | $130,961 | $23,960 | $154,921 | 40 |
| Cristin Toutsi-Grigos | DIR. Pub Policy & Str. COMM. | $110,599 | $39,917 | $150,516 | 40 |
| Juliana Laing | Senior Director | $124,442 | $20,155 | $144,597 | 40 |
| Elizabeth Alvarado | Director Of Agb Consulting | $115,390 | $24,444 | $139,834 | 40 |
| Kristen Hodge-Clark | Vice President | $93,371 | $30,049 | $123,420 | 40 |
| Timothy Mcdonough | Vice President | $93,987 | $23,213 | $117,200 | 40 |
| Deborah Hodge | Chief Information Officer | $83,964 | $18,309 | $102,273 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Paycheck Protection Program (2020-2021)
Total Approved
$2.0M
Total Forgiven
$2.0M
101% forgiven
Jobs Retained
87
Source: Small Business Administration • Paycheck Protection Program (2020-2021)
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.
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