Executive Compensation at the Association of Former Students of Texas A & M (Aggie Network)
The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network. A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Texas A & M alumni network.
A relatively small non-profit, the Aggie Network raised about $30 million in 2020, most of which came from contributions, gifts, and grants ($22 million). Expenses were $18 million with the largest expense reported to be compensation.
166 employees received $7 million in compensation which equates to an average of $42,000. 10 employees received more than $100,000 in compensation: Read more 
How Alumni Dollars are Spent at the Association of Former Students of Texas A & M (Aggie Network)
The alumni association at Texas A & M is formally known as the Association of Former Students of Texas A & M and informally known as the Aggie Network. A tax-exempt, non-profit 501 (c), the Aggie Network’s mission is to strengthen the Aggie Network. How do they do this? The short answer is they raise revenue (about $30 million in 2020) and spend about 40% on programs (i.e. receptions, events, and other activities), 10% on general and administrative expenses and 10% on fundraising while the remaining funds (40%) are allocated to the general fund allowing the organization to accumulate $144 million in net assets. Read more
Executive Compensation at Texas Christian University
Texas Christian University (TCU) is a private, tax-exempt non-profit research university in Fort Worth, Texas that is affiliated with the Christian Church 9 (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 $73,000 annually for an undergraduate student (with about 80% receiving financial aid). With an acceptance rate of 41% (20,000 applications in 2022 of which 8,000 were accepted, and about 3,000 chose to attend), TCU counts about 53% of its students coming from out of state. Read more
Executive Compensation at the University of Texas
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 9 academic universities and 6 health institutions). With about 52,000 students (41,000 undergraduate and 11,000 graduate), tuition, room and board for in-state students are approximately $35,000 annually while out-of-state students pay approximately $60,000 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 $32 billion endowment (as of 2020) which is second to Harvard who has $42 billion. It’s a big job to manage a $32 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 independent voting members (directors) of the governing body. This post addresses the executive compensation of those employed at UTMCO. Read more
Executive Compensation at University of Southern California (2021)
The University of Southern California (USC) is a research university located in Los Angeles, CA with about 50,000 students (21,000 undergraduates and 29,000 graduate students including 13,000 international students). With an annual tuition and board of $85,000, the cost of a 4-year degree is approximately $340,000 for the 12% of applicants admitted.
There are 45 voting members (trustees) of the governing body, 40 of whom are independent. The Form 990 lists 47 trustees (due to timing differences. 31 of the 47 (66%) of the trustees listed are male while 16 of the 47 (34%) are female (note: The Form 990 does not disclose gender; determinations were made based on name and google searches). Read more
Executive Compensation at Drexel University (2021)
Drexel University is a private research university in Philadelphia, PA (although there are satellite campuses) with about 24,000 students (an estimated 15,000 undergraduate students and 9,000 graduate students). The annual cost of tuition, room and board (undergraduate) is about $76,000.
In 2021, Drexel reported total revenue of $1.2 billion (compared to $1.3 billion in 2020) with the largest sources being tuition and fees ($966 million), government grants ($162 million), related organizations ($41 million) and contributions, gifts ,and grants ($39 million).
Expenses totaled $1.2 billion (not including $49 million in depreciation) with the largest expenses reported to be compensation-related ($494 million), grants ($426 million) – primarily to individuals ($403 million to 23,533 or an average of $17,000 each), office-related ($132 million), and fees ($59 million) – primarily other expenses of $50 million with no detail provided). Read more
Executive Compensation at the American Federation of Teachers (2021)
The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), the AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
For the year ending June 30, 2021, AFT reported total revenue of $207 million (mostly from membership dues) and expenses of $196 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 349 employees who received $63 million, which equates to an average compensation of $181,000. However, only 225 employees (65%) received more than $100,000 in compensation. The 8 most highly compensated employees were reported to be: Read more
Executive Compensation at Harvard (2020)
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 (undergrads and graduate students). The annual tuition, room, board, and fees is about $77,000.
There are 12 voting members (Fellows) of the governing body, 9 of whom are independent, 8 of the 12 (67%) are male while 4 of the 12 (33%) are female.
In 2020, Harvard’s total revenue was $7.4 billion (compared to $7.9 billion in 2019) with most of the income coming from 3 sources :investment income, gains, and royalties ($4 billion), contributions, gifts, and grants ($1.4 billion) and tuition, fees, and services ($1.9 billion). Expenses were $5.3 billion (not including $350 million in depreciation). At year-end, Harvard had $49 billion in net fund assets. Read more
Executive Compensation at MIT
Massachusetts Institute of Technology (MIT) is a private teaching and research university with an acceptance rate at about 7% of applicants. Located in Boston, Massachusetts, MIT has about 12,000 students, of which nearly 5,000 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
There are 10 voting members of the governing body (Executive Committee Members), 7 of whom are independent, although the Form 990 lists 11 members (which appears to be due to timing differences). 8 of the 11 (73%) are male while 3 of the 11 (27%) are female.
In 2020, MIT’s total revenue was $4.8 billion (compared to $5.3 billion in 2019) with most of the income coming from 4 sources: research contracts ($1.4 billion), investment income, gains, and royalties ($1.2 billion), contributions, gifts, and grants ($1 billion) and tuition, fees, and services ($1.1 billion). Expenses were $4 billion (not including $200 million in depreciation). At year-end, MIT had $24 billion in net fund assets. Read more
Executive Compensation at Boston College
Boston College is a private Jesuit research university with an acceptance rate at about 19% of applicants. Located in Chestnut Hill, Massachusetts, Boston College has about 15,000 students, of which 6,800 are undergraduates. The annual tuition, room, board, and fees is about $80,000.
In 2020, Boston College’s total revenue was $1.2 billion (compared to $1.2 billion in 2019) with most of the income coming from 2 sources: contributions, gifts, and grants ($225 million) and tuition, fees, and services ($883 miillion). Expenses were $1 billion (not including $90 million in depreciation). At year-end, Boston College had $3.6 billion in net fund assets. Read more
