Posts Tagged “990 Form”

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.

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Earlier this week, the Washington Examiner‘s Emily Babay reported that Georgetown paid President John DeGioia $911,613 in 2008.

DeGioia’s salary, which included a $150,000 retirement annuity and an allocation for University-provided housing, marks a 40 percent increase over the previous year when he received $642,582.

Babay’s story got us thinking—how much do other University employees take home? According to tax forms filed by the University, it was plenty.

In 2008, John Thompson III made $1,829,757, which made him the University’s highest-paid employee. However, Thompson’s salary was a far cry from the $2,007,508 he was paid in the 2008 fiscal year. (In previous tax filings, compensation was based on fiscal year.)

SFS-Qatar Dean James Reardon-Anderson, who more recently took over “Map of the Modern World,” pulled in $676,025, while Provost James O’Donnell brought home $394,509.

And the three men tasked with building Georgetown’s endowment—Chief Investment Officer Lawrence Kochard ($702,158), Chief Financial Officer Christopher Augostini ($458,497), and Office of Advancement Vice President James Langley ($452,895)—all made the list too.

But, don’t expect salaries to continue to rise in 2010. Last January, DeGioia announced a salary freeze for all senior executives.

Want to know who else is making tons of cash at Georgetown? We’ve got the run-down after the jump.

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The two million dollar man

How much does a Final Four basketball coach cost? About $2 million, if the coach is John Thompson III.

In the 2007-2008 school year, Thompson made $2,007,508, plus more than $1 million in deferred compensation and benefits, according to university tax documents obtained by Vox.  Thompson’s salary rose by more than $1.3 million from the previous year, making him the highest paid Georgetown employee.

During the 2007-08 year, we also paid $3,074,487 to Payette Associates Inc., a firm whose website says they have been working on the “Science Facilities Master Plan and new Science Center” and $489,234 to Goody Clancy and Associates, the firm that worked on the new MSB building.  Overall, Georgetown’s net assets decreased by $55,772,042.

Who else besides JT III is making bank at Georgetown? Check out the top earners and the full tax document after the jump!

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