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Posts tagged ‘John K Kolb’

12
Feb

Executive Compensation at Rensselaer Polytechnic Institute (2017)

Rensselaer Polytechnic Institute (RPI) is a private non-profit 501 (c) (3) college that specializes in engineering, technology, and the sciences. Located on 300 acres in Troy, New York, RPI also has two campuses in Connecticut – in Hartford and Groton. But, what also makes this institute well-known is its inclusion on lists of most highly compensated employees.

About 8,000 students (mostly undergraduate) attend RPI where annual tuition is about $54,000 plus about $20,000 for room and board bringing the total annual cost to $74,000. However, nearly 8,000 recipients received $187 million in non-cash tuition discounts (an average of $23,500). Read more »

23
May

Executive Compensation at Rensselaer Polytechnic Institute

Rensselaer Polytechnic Institute (RPI) is a private non-profit 501 (c) (3) college that specializes in engineering, technology, and the sciences. Located on 300 acres in Troy, New York, RPI also has two campuses in Connecticut – in Hartford and Groton. But, what also makes this institute well-known is its inclusion on lists of most highly compensated employees.

About 7,500 students (mostly undergraduate) attend RPI where annual tuition is about $50,000 plus about $17,000 for room and board bringing the total annual cost to $67,000. However, 5,172 recipients received $122 million in tuition discounts (an average of $24,000) while 919 teaching assistants at the graduate level received $35 million in tuition discounts  (an average of $38,000 each). Of the total revenue received in 2016 ($538 million), $166 million (or 31% of revenue) was used for tuition discounts. Total expenses were $490 million (not including depreciation) which means expenses did not exceed revenue. RPI had $364 million in net fund assets at year-end. Read more »