Executive Compensation at Pomona College
Pomona College (Pomona) in Claremont, California is often referred to as the Harvard of the West (Forbes ranked Pomona the number one college in America in 2015). With only 1,700 students, Pomona charges about $50,000 for tuition and another $16,000 for room and board annually, which is in line with other top private colleges in the country.
Pomona reported $236 million in revenue in 2016 – about half ($104 million) of which came from tuition, room and board payments. The remaining revenue primarily came from the sale of assets ($75 million) and contributions, gifts and grants ($44 million). Expenses totaled $192 million (net of depreciation) including $38 million in tuition assistance to 973 students (an average of $41,000 each). At year-end, Pomona had $2.4 billion in net fund assets.
In 2016, Pomona reported having 2,885 employees who were given total compensation of $83 million, which equates to an average compensation of $29,000 (compared to $58,000 at Harvard). However, 214 individuals received more than $100,000 in compensation with the most 17 highly compensated individuals listed below:
- $615,184: David W Oxtoby, President
- $368,393: Pamela Besnard, VP of Advancement
- $365,691: Elizabeth Crighton, International College Dean (thru 7/1/15)
- $346,965: Karen Sisson, VP Treasurer
- $307,029: Gary Smith, Professor
- $284,823: Gary Kates, Professor
- $283,937: Christopher Allen, VP Dean of Admissions
- $266,432: Eleanor Brown, Professor
- $237,980: Ken Pflueger, CIO Executive Director
- $237,643: Robert Robinson, Assistant VP of Facilities
- $232,437: Marylou Woods, AVP, Associate Treasurer
- $231,050: Kim Bruce, Professor
- $227,226: Miriam Feldblum, VP Dean of Students
- $223,512: Marylou Ferry, VP of Communications
- $178,404: Richard Fass, VP Planning Office (thru 1/1/16)
- $167,142: Teresa Shaw, Assistant to President, Secretary to the Board
- $151,658: Dana Wood, Assistant Treasurer
The above 17 individuals were compensated a total of $4.7 million. 10 of the individuals are women (59%) while 7 are men (41%), including the President, David W Oxtoby who received $615,184 in total compensation (compared to the President of Harvard, Drew Gilpin Faust who received $1.9 million in 2016).
Pomona provides housing for 3 individuals and pays for club dues (for business reasons only) for the President. The college also reports that the following four individuals received relocation loans:
- Robert Robinson: $550,000 loan, current balance of $454,824
- Gary Kates: $555,000 loan, current balance of $452,235
- Christopher Allen: $398,050 loan, current balance of $348,008
- Pamela Besnard: $555,000 loan, current balance of $516,821
No additional information was provided but the loans may be to assist with the higher cost of real estate in the Claremont area.
Claire Oxtoby is employed by Pomona and received $54,742 in total compensation in 2016.
To read the IRS Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016), click here.