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Posts from the ‘Educ’ Category

8
Feb

How Membership Dues are Spent at the National Education Association (NEA)

The National Education Association of the United States (NEA) is a non-profit tax-exempt 501 (c) (5) – a labor organization – that represents public school teachers, retired educators, and college students preparing to become teachers. The largest professional employee organization in the US, NEA has more than 3 million members (which is also about how many public school teachers there are in the US).

Based in Washington, DC, NEA reported total revenue of $374 million in 2017, most of which ($370 million) came from membership dues, which means the average membership dues were $123.

Expenses totaled $361 milloin and were categorized as follows: Read more »

6
Feb

Executive Compensation at the National Education Association (NEA)

The National Education Association of the United States (NEA) is a non-profit tax-exempt 501 (c) (5) – a labor organization – that represents public school teachers, retired educators, and college students preparing to become teachers. The largest professional employee organization in the US, NEA has more than 3 million members (which is also about how many public school teachers there are in the US).

Based in Washington, DC, NEA reported total revenue of $374 million in 2017, most of which ($370 million) came from membership dues, which means the average membership dues were $123. Read more »

20
Jan

Executive Compensation at Tufts

Tufts University was founded nearly 170 years ago in 1852 after Charles Tufts granted 20 acres of land on Walnut Hill (in the Boston area) to establish a college. Since that time, Tufts has grown from a small liberal arts college to a medium sized research university with about 11,500 students (undergraduate and graduate) on four campuses (three in Massachusetts and one in France). With an annual tuition of $76,000, a four-year undergraduate degree costs about $300,000.

Key financial information about Tufts taken from the IRS Form 990 (2017 for the year ending June 30, 2018) include: Read more »

18
Jun

Executive Compensation at Washington University

Washington University in St Louis (WU) is a private research university with about 14,000 full time students (8,000 undergraduate and 6,000 graduate). Tuition, room, board and fees for undergraduates is about $70,000 annually or about $280,000 for a 4-year degree.

In 2017, WU reported total revenue of $3.3 billion, of which $2.3 billion came from program services (i.e. tuition, room, board, fees, patient, labs, and hospital support, research, sales and services). Approximately $450 million came from grants, $250 million from contributions, and $300 million from the gain on the sale of assets, royalties, and other services. Read more »

10
Jun

Executive Compensation at Seton Hall University

Seton Hall University (Seton Hall) – one of the countries leading Catholic universities – is located in South Orange, NJ (main campus), Newark, NJ (law school), Clifton and Nutley, NJ (College of Nursing and School of Health and Medical Sciences),  and Hackensack (School of Medicine).  10,000 students (6,000 undergraduate and 4,000 graduate) attend Seton Hall. Undergraduate tuition, room, board, and fees total about $60,000 annually or $240,000 for four years.

In 2017, Seton Hall reported total revenue of $415 million, of which $343 million (83% of revenue) came from program services (tuition, room and board, fees, and medical residency program). The remaining revenue primarily came from contributions, gains on the sale of assets, athletics, parking, and government grants.

Expenses totaled $399 million (including $17 million in depreciation) including $133 million in grants.  The $16 million in unspent revenue along with $14 million in net unrealized gains on investments allowed net assets (often referred to as the endowment) to increase from $420 million at the beginning of the year to $450 million at year-end. Read more »

6
Jun

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. Read more »