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Posts from the ‘Educ’ Category

27
Oct

Executive Compensation at Harvard (2023)

Harvard is a private teaching and research university with an acceptance rate at about 5% of applicants.  Located in Boston, Massachusetts, Harvard has about 25,000 students (both undergraduate and graduate students). The annual tuition, room, board, and fees is about $85,000 which means a 4-year degree is about $340,000.

There are 13 voting members (Fellows) of the governing body, 10 of whom are independent, 8 of the 13 (62%) are male while 5 of the 13 (38%) are female. Read more »

29
Sep

Executive Compensation at Hillsdale College (2022)

Hillsdale College, a small private liberal arts college with 1,600 students in southern Michigan (Hillsdale) is the college virtually no one heard of 20 years ago.  Founded by abolitionist, Free Will Baptist preachers nearly 200 years ago in 1844, Hillsdale until recently maintained a small word of mouth following among conservatives attracting students (and conservative parents of smart (avg ACT 30-33, mid-range SAT 1350-1490 – 89-96 percentile, mid-range GPA 3.9-4.0) young people) who want a conservative liberal arts education, which is kind of an oxymoron. Tuition, room, board, and fees are about $46,000 annually. Read more »

14
Aug

Executive Compensation at the Horatio Alger Association (2022)

The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia.  The organization is overseen by 78 independent voting members (board members) of the governing body.  72 of the 78 board members (92%) are male while 6 of the 78 members (8%) are female.

HAA was named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society.  Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.  At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system.  Consequently, grants has historically been the largest expense for the organization (65% of revenue raised in 2021 was awarded in grants but only 11% for $2.4 million was awarded in grants in 2022). Read more »

12
Aug

How Revenue is Spent at the Horatio Alger Association (2022)

The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society.  Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance.

At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system.  So, the purpose of this organization appears to be the awarding of grants (but surprisingly only $2.4 million or about 11% of total revenue was awarded in grants, while the Executive Director, Terrence Giroux received more than $5 million in compensation in 2022 – 24% of the $22 million in revenue raised in 2022). Read more »

10
Aug

Executive Compensation at the University of Texas (2022)

The University of Texas at Austin  is also known as “UT Austin” (note:  Austin is the flagship school of the University of Texas System which includes 13 UT institutions). With about 51,000 students (42,000 undergraduate and 9,000 graduate), tuition, room and board for in-state students are  approximately $35,000 annually while out-of-state students pay approximately $65,000 for tuition, room and board.

UT Austin is often in the news or on the lists of the top largest university endowments because they have a $43 billion endowment (as of 2021) which is second to Harvard who has $50 billion. It’s a big job to manage a $43 billion endowment and that task falls upon The University of Texas Texas A & M Investment Management Company (UTMCO), a tax-exempt, non-profit 501 (c) 3 that is overseen by 9 voting members (directors) of the governing body, 8 of whom are independent This post addresses the executive compensation of those employed at UTMCO. Read more »

8
Aug

Executive Compensation at Texas Christian University (2022)

Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church (Disciples of Christ).  Approximately 11,000 undergraduate and 2,000 graduate students are pursuing 114 undergraduate areas of study and 98 graduate degrees on the 300 acre campus a few miles from downtown Fort Worth.

Tuition, room and board are approximately $80,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 40% (20,000 applications in 2022 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 55% of its students coming from out of state. Read more »

30
Jul

Where Does $100 to Stephen Siller Tunnel to Towers Foundation Go (2022)?

The Stephen Siller Tunnel to Towers Foundation (SSTTF) is a tax-exempt, non-profit 501 (c) 3 that honors the sacrifice of firefighter Stephen Siller, who died on September 11, 2001 while trying to save others, by paying off mortgages and building homes, and the provision of other programs to combat homelessness and helping fallen first responder families.

There are 7 voting members (directors) of the governing body, 6 of whom are independent although it appears that 5 of the 7 directors (Frank Siller, George Siller, Janis Hannon, Regina Vogt, and Mary Scullin) are related (siblings of Stephen Siller for whom the foundation was formed). Read more »

14
Jul

Executive Compensation at CalTech

The California Institute of Technology (CaTech) is a private research university focused on science and engineering.  Based in Pasadena, CA, CalTech has about 2,500 students (1,000 undergraduate and 1,500 graduate) whose predecessors have been awarded 46 Nobel Prizes.  Tuition, room and board total about $90,000 annually.  According to the school’s website, 51% of students receive an average need based assistance of $60,000.  Only 27% of students graduate with loans and the average indebtedness is $17,000. Read more »

2
Jul

Executive Compensation at University of Southern California (2022)

The University of Southern California (USC) is a private research university with about 47,000 students (undergraduate and graduate) based in Los Angeles, California.  The annual tuition is about $70,000 but with room, board, and fees the total estimated cost is $83,000 – $95,000 per year.

Key information about USC is summarized as follows: Read more »

28
Jun

Executive Compensation at Brown University (2022)

Brown University is a private research university with about 11,000 students (7,000 undergrads and 4,000 graduate and medical students) in Providence, Rhode Island.  Unbeknownst to some is that Brown has 34 Division 1 sports teams.

Approximately 50,000 undergraduate students apply annually; 5% or 2,500 are accepted.  Annual tuition, room and board is $90,000 or about $360,000 for a 4-year degree.

When analyzing colleges and universities generally, there are 6 key numbers to look at: Read more »