Executive Compensation at Villanova University
Villanova University (Villanova) – a collection of six colleges – located just outside Philadelphia, Pennsylvania is known for its basketball team and for its liberal arts, nursing, engineering, business, law, and professional studies. With more than 11,000 students (6,500 undergraduate and 4,500 graduate), Villanova is an accredited university that has been educating students since 1842 (and thus, the oldest Catholic university in Pennsylvania).
The annual undergraduate cost (tuition, room, and board) is approximately $67,000 which equates to $268,000 for a four-year degree.
In 2017, Villanova reported total revenue of $620 million, of which $480 million came from program services (tuition and fees, sales, services, and auxiliary services). The remaining revenue primarily came from contributions, gains on the sale of assets, athletics, and government grants. Expenses totaled $517 million (including $21 million in depreciation) including $135 million in grants. The $103 million in unspent revenue along with $52 million in net unrealized gains on investments allowed net assets (often referred to as the endowment) to increase from $992 million at the beginning of the year to $1.150 billion at year-end.
Villanova employed 6,393 individuals (in 2017) who were compensated $256 million, which equates to an average compensation of $40,100 (compared to $40,500 at Seton Hall, $41,700 at Boston College, $28,800 at Marquette, $37,900 at DePaul, $45,800 at Georgetown, and $28,800 at Saint Leo). 437 individuals received more than $100,000 in compensation with the 24 most highly compensated individuals listed below:
- $3,878,768: Jerold T Wright, Coach Men’s Basketball
- $ 832,765: Michael J O’Neill, SVP Univ Adv/Alumni Relations
- $ 773,657: Patrick G Maggitti, Provost
- $ 703,332: Kenneth G Valosky, EVP
- $ 458,790: Kevin D Clark, Associate Professor
- $ 432,672: Mark W Jackson, Director of Athletics
- $ 425,524: Debra Fickler, VP and General Counsel
- $ 420,632: Stephen W Fugale, VP for Technology and CIO
- $ 405,609: Jonathan P Doh, Professor
- $ 390,260: Daniel Wright, Interim Dean, VSB
- $ 375,980: Stephen Mahar, Associate Professor
- $ 339,171: Robert H Morro, VP for Facilities Management
- $ 321,844: Gary A Gabrielle, Dean, Engineering
- $ 306,488: Craig M Wheeland, Vice Provost for Academics
- $ 303,519: Adele Lindenmeyer, Dean of College of Arts and Sciences
- $ 301,671: Ann Diebold, VP Univ Comm and Marketing
- $ 290,867: Neil J Horgan, VP for Finance
- $ 281,414: Alfonso Ortega, Professor
- $ 224,739: Barbara Wall, VP for Mission and Ministry
- $ 210,422: Catherine H Connor, Interim Dean Enrollment Management
- $ 209,503: Ellen Krutz, Associate VP, HR/Affirmative Action Officer
- $ 204,473: John A Doody, Professor
- $ 189,645: Joyce E Russell, Dean, School of Business
- $ 146,238: John Y Gotyanda, Dean, School of Law
17 of the 24 (71%) most highly compensated individuals are male while 7 of the 24 (29%) are female. Of the 10 most highly compensated individuals, 9 are male while 1 is a female. Of the 10 lowest of the 24 most highly compensated individuals, 4 are male while 6 are female.
The IRS Form 990 also reports Villanova paid for first class travel, travel for companions, and social club dues for individuals listed above.
Villanova is a great example of a university that shows tuition, room and board (at approximately $67,000 annually) is more than enough to cover the expenses of the university (including $135 million in grants) – primarily tuition, but also first class travel, travel for companions, social club dues, a $3.8 million compensation package for the head basketball coach, and the compensation package of 10 individuals who received $375,000 – $832,000. Males dominate the list of most highly compensated individuals.
To read the IRS Form 990 for the year ending May 31, 2017, click here.