Tax forms show pay cut for a number of high-level Rider employees – The Rider News
By Shaun Chornobroff
As Rider felt the effects of the COVID-19 pandemic and tried to put himself on a fiscally responsible path, the most recent IRS filings show that a number of members of the university cabinet, including Rider’s president Gregory Dell’Omo, have received reduced salaries during the pandemic. the size.
The Rider News has acquired a copy of the university’s 2020 IRS 990, which tracks the university’s expenses in the fiscal year that runs July 1, 2020 through June 30, 2021.
After Rider handed out more than $200,000 in administration bonuses and incentive compensation in fiscal year 2019, the university did not list a single dollar spent on bonuses and incentive compensation in its latest tax forms. , filed May 16.
“Senior managers, including the president, suffered a pay cut in 2020-2021. The Cabinet took a pay cut of 20% during the summer months and 10% for the rest of the year. … These steps were explicitly taken to help alleviate the university’s financial challenges,” said Kristine Brown, associate vice president of university marketing and communications.
Despite receiving a raise of more than $18,000 in base salary, Dell’Omo saw his total compensation decrease from the previous year.
Dell’Omo, the university’s highest-paid employee, earned $532,400 between his base salary and other reportable compensation and $620,112 including non-taxable fiscal 2019 benefits.
In fiscal 2020, Dell’Omo was listed as earning $514,685 in salary and reportable earnings — a 3.3% decline from the prior year — and $605,516 between earnings and non-taxable benefits in the report.
Of the $64,656 Dell’Omo received in tax-free benefits, 46% is attributed to his residence adjacent to campus, which the university provides and requires him to take, according to tax forms.
Even though Dell’Omo took a pay cut in fiscal year 2020, the university president has consistently received pay increases in previous years. Arthur Taylor, former president of Rider’s chapter of the American Association of University Teachers (AAUP), said he was not overwhelmed by the president’s drive to cut his salaries.
“It’s good, it’s a start, but it doesn’t match the sacrifices of the faculty or the sacrifices of other members of the administration who are not in the upper echelon of vice presidents,” said Taylor said.
A number of other members of the president’s cabinet saw their reported income decline without bonuses compared to the previous year. Rider’s vice president of finance, treasurer and chief financial officer, James Hartman, saw a more than 17% drop in reportable compensation after his base salary and bonus or incentive compensation were cut over the course of the year. of the 2020 fiscal year, and after receiving $41,533 in bonus and incentive compensation the previous year, according to university tax forms.
In addition to Hartman, who saw the largest pay cut among the cabinet members listed in the report, four other members of the president’s cabinet saw at least a 15% decrease in their reportable compensation compared to the report. ‘last year. Mark Solomon, the university’s general counsel, saw his reported income drop by 10.6%.
The university’s second highest paid employee was the men’s basketball coach
That’s a slight decrease from the previous year for the veteran coach, who earned $380,578 the previous year, according to tax forms.
Baggett coached the Broncs to a 14-19 record last season, but led Rider to his best showing in the Metro Atlantic Athletic Conference (MAAC) tournament, advancing to the semifinals, which included an upset victory over the top seed Iona. .
Two professors, marketing professor Cynthia Newman and psychology professor Gary Brosvic, were among the university’s 10 highest-paid employees, but Hartman explained that the professors, along with Baggett, are members of the AAUP; therefore, their payment is treated differently from firm members and other employees.
Form 990 shows that the largest expense Rider faced in fiscal 2020 was a payment of $1,466,544 to Ellucian, an information technology company that operates DegreeWorks and specializes in work with university campuses. Additionally, the university has paid 160over90, a Philadelphia-based national marketing agency, more than $1.1 million.
Brown explained that while the number paid at 160 over 90 may be significant, the company also acquires publicity for the university.
Rider also paid $484,500 for a pipe organ repair, and in the heat of the COVID-19 pandemic, the forms show the university paid $414,498 to the Resource Management Group for “services related to the COVID-19”.
“It was one of the many challenges of COVID,” Brown said. “In addition to keeping people healthy and safe, it required an immense amount of financial sources for a multitude of different reasons. The pandemic has resulted in many expenses for the university which were obviously unplanned since the pandemic is not usually planned. »