University releases finances, list of highest earners

On May 13, the University submitted its tax filings for fiscal year 2010 (July 1, 2009 – June 30, 2010). These forms detail Georgetown’s income, expenditures, and assets, as well as list the highest-paid University officials.

Graphics by John Flanagan (Click to enlarge)

The University faced a $21,493,687 deficit in its operating budget in fiscal year 2010. Meanwhile, the endowment grew by 12.5 percent to $1,007,299,044 (95 percent of its value as of July 1, 2008).

John Thompson III remained the highest-paid employee at $1,894,988, a 3.57 percent raise from the previous year. This increase in his and 7 of the other 15 highest salaries during fiscal year 2010 outpaced the 2.5 percent increase University President John DeGioia recommended for regular faculty members in January 2010.

DeGioia’s own salary increased by 0.03 percent, while the salaries of Thomas Aleinikoffformer dean of the law school, and Provost James O’Donnell fell by 6.75 percent and 0.84 percent, respectively.

Other top salaries after the jump.

  1. John Thompson III, Coach: $1,894,988 (+3.57%)
  2. John J. DeGioia, President: $911,918 (+0.03%)
  3. Howard J. Federoff, Executive VP, Health Sciences: $781,730 (+1.62%)
  4. Lawrence E. Kochard, Chief Investment Officer (former): $736,592 (+4.90%)
  5. Louis M. Weiner, Director, Lombardi Center: $633,238 (+0.06%)
  6. George G. Daly, Dean, MSB: $521,622 (+1.95%)
  7. Reena Aggarwal, Professor, MSB: $519,532 (N/A)
  8. Mehran Kamrava, Interim Dean, SFS-Q: $501,593 (N/A)
  9. Christopher L. Augostini, Chief Financial Officer: $482,169 (+5.16%)
  10. Spiro Dimolitsas, Chief Administrative Officer: $480,484 (+2.64%)
  11. James M. Langley, VP (former), Office of Advancement: $467,348 (+3.19%)
  12. Thomas A. Aleinikoff, Dean (former), Law: $449,509 (-6.75%)
  13. Daniel R. Porterfield, Senior VP (former), Strategic Development: $401,943 (+4.71%)
  14. James J. O’Donnell, Provost: $391,210 (-0.84%)
  15. Judith C. Areen, Dean, Law: $339,994 (N/A)
  16. Jane E. Genster, VP, General Counsel: $328,467 (+2.59%)
  17. Edward M. Quinn, Secretary: $250,022 (+1.85%)
  18. Rosemary E. Kilkenny, VP, Institutional Diversity and Equity: $226,455 (+2.26%)

17 Comments on “University releases finances, list of highest earners

  1.  by  Hoya

    You should note that these figures are total compensation, which is not the same thing as “salary.” For example, the SFS-Q dean’s compensation includes allowances for housing and a car.

  2.  by  James

    So does DeGioia’s – it includes the free sick ass housing he gets across the street from the med school… shits got bling

  3.  by  Big Show

    Does the full report include other employee salaries?

  4.  by  Tim

    $49,115 in “Net Gaming Revenue”? Is that our athletics or a really good weekend in Atlantic City?

  5.  by  inFORMer

    @Big Show,

    No, Georgetown only has to report the salary of everyone on the board, and the top 5 highest paid non-board employees.

    Note about board salaries: a lot of members, like random celebrities and rich people who went to Georgetown, make $0 for Board work. Board salary disclosures are more handy when it comes to people like President DeGioia, whose salary is disclosed even though the money he makes comes from president work, not board work.

  6.  by  COL

    I cannot believe the fucking BASKETBALL coach makes close to two million dollars. Is that a fucking joke? We are a UNIVERSITY not a fucking sports team. Perhaps I am unduly shocked, and maybe others can enlighten me as to why we spend that much money on an athletic coach, but as for now; I am absolutely shock.
    two million dollars:..

  7.  by  Scott

    And while most of these people had salary increases, the staff of the University, the people who do the nuts and bolts work of the University, have not had a pay increase in two years. And the ones scheduled to take place in one month do not keep pace with inflation and the increase in premiums for health benefits, etc. But no one ever said life was fair, did they?

  8.  by  Dizzy

    Perhaps I am unduly shocked, and maybe others can enlighten me as to why we spend that much money on an athletic coach, but as for now

    The basketball program brings in far many times that each year in revenue, donations, related merchandise sales, etc. If you want to have a program that can bring in that sort of money, you have to pay the coaches a salary that is roughly comparable to what competitors are paying.

    @Scott

    And while most of these people had salary increases, the staff of the University, the people who do the nuts and bolts work of the University, have not had a pay increase in two years. And the ones scheduled to take place in one month do not keep pace with inflation and the increase in premiums for health benefits, etc. But no one ever said life was fair, did they?

    As one of those staff members, I’m very much in agreement with the spirit of what you say. However, it’s a little bit hard to make a judgment about these particular folks without knowing how their compensation packages are structured. I’m almost positive that the CIO compensation is, at least in part, indexed to endowment performance, for instance. If there are some “escalator clauses” in their contracts, that could explain it.

  9.  by  John Flanagan

    @Box I actually picked up a paper copy of the forms. I don’t have a scanner handy at the moment and the latest 990 forms are not yet up on GuideStar. I’ll keep checking, though.

  10.  by  J

    I am astounded that the Hon. John Q. Pierce, University Registrar, is not on this list. He carries out his mace duties at commencement with laudable poise.

  11.  by  John Kenchelian

    @COL
    Lemme guess, judging by your “I prefer academics” attitude, you’d rather have professors who veto the Campus Plan because when the University doesn’t focus on academics it’s pretty much useless make more money than JT3? If you’re going to whine about this so much, there’s a great, big black hole in Upstate New York you could have gone to for school.

  12.  by  Uttz

    COL is making a decent point, though. JTIII is getting paid of gang of money, even for a basketball coach. It’d make sense if he was getting us to the Final Four (or even Elite Eight) every year, but that’s obviously not happening.

  13.  by  Eileen

    Mostly, I want to know how Aggarwal got on the list as a professor. Everyone else is administrative or JTIII.

  14.  by  typical

    Who are half of the people on this list?

  15.  by  Dazed and confused

    I want to know why JTIII got a raise after his performance these past two years…

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