How Revenue is Spent at Liberty University
Liberty University (Liberty) – a private evangelical Christian university based in Lynchburg, Virginia – has been in the news quite a bit over the past few years. Seems the US Department of Education has been investigating Liberty for violations related to the public reporting of campus crime. Faced with a large fine (estimated to be $37 million), Liberty seems to be in the hot seat again (the Jerry Falwell, Jr sexual misconduct saga that resulted in Falwell’s resignation as President of the university hit the public forum in 2020), although $37 million is a drop in the bucket for Liberty who has more than $3 billion in net assets. Read more 
Executive Compensation at Baylor College of Medicine (2022)
Baylor College of Medicine (Baylor CM) is a medical school and research center within the Texas Medical Center (the world’s largest medical center) in Houston, Texas. With more than 10,000 faculty and staff and nearly 4,000 medical students, residents, graduate students, health professionals, fellows, and participants, Baylor CM has 4 academic components (School of Medicine, Graduate School of Biomedical Sciences, School of Health Professions, and the National School of Tropical Medicine) and is not a part of Baylor College (they separated from Baylor College in 1969 and became an independent institution). Each year, the school matriculates nearly 200 students. Read more
Executive Compensation at Harvard Management (2022)
Harvard Management Company (Harvard Management) provides investment management services to Harvard, a private university with more than $60 billion in net assets. Consequently, revenue comes from Harvard to pay the expenses associated with managing Harvard Management (most of which is compensation and fees for outside services).
To manage these assets, Harvard Management has 133 employees who received $106 million in compensation which equates to an average compensation of $800,000. However, only 91 employees received more than $100,000 in compensation with the 13 most highly compensated to be: Read more
Executive Compensation at Harvard (2021)
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 $77,000 which means a 4-year degree is about $300,000.
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.
In 2021, Harvard’s total revenue was $9 billion (compared to $7 billion in 2020) with most of the income coming from 3 sources: investment income, gains, and royalties ($5.3 billion), contributions, gifts, and grants ($1.9 billion) and tuition, fees, and services ($1.3 billion). Expenses were $5 billion (not including $388 million in depreciation). At year-end, Harvard had $61 billion in net assets. Read more
Executive Compensation at the Horatio Alger Association
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 72 independent voting members (board members) of the governing body, although 75 are listed on the 2021 Form 990, which appears to be due to timing differences. 68 of the 75 board members (91%) are male while 7 of the 75 members (9%) 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. Read more
How Revenue is Spent at the Horatio Alger Association
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. Read more
Executive Compensation at the Institute of Electrical and Electronics Engineers (IEEE) 2021
The Institute of Electrical and Electronics Engineers (IEEE – pronounced “I Triple E”) is a non-profit tax-exempt 501 (c) (3) – a professional association for electrical and electronic engineers that serves the public good through its scientific and education (making their work available on a non-discriminatory basis (note: a 501 (c) (6) serves an industry – not the public – and does not need to make their work available to the public in a non-discriminatory basis).
There are 31 voting members of the governing body, 30 of whom are independent; 22 of the 31 (70%) are male while 9 of the 31 (30%) are female.
Headquartered in Piscataway, New Jersey, IEEE reported having 1,150 employees who were compensated $178 million in 2021, which equates to an average compensation of $155,000. 568 employees received more than $100,000 in compensation with the 13 most highly compensated employees listed below: Read more
How the Institute of Electrical and Electronics Engineers (IEEE) Spends Revenue (2021)
The Institute of Electrical and Electronics Engineers (IEEE – pronounced “I Triple E”) is a non-profit tax-exempt 501 (c) (3) – a professional association for electrical and electronic engineers that serves the public good through its scientific work and education (making their work available on a non-discriminatory basis (note: a 501 (c) (6) serves an industry – not the public – and does not need to make their work available to the public in a non-discriminatory basis).
Headquartered in Piscataway, New Jersey, IEEE has more than 427,000 members from 160 countries. Membership dues vary by country and whether the member is a professional or student. In the USA, a professional membership is about $200 a year whereas a student membership is $32. Read more
Executive Compensation at Hillsdale College
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 30-34, mid-range SAT 1370-1480 – 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. Approximately 20% of applicants are accepted, of which 62% opt to enroll. Read more
How Hillsdale College Spends Revenue
Conservative movements to reform education are often defined by what they’re against.
~Emma Green
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 30-34, mid-range SAT 1370-1480 – 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. Approximately 20% of applicants are accepted, of which 62% opt to enroll. Read more
