OPERATING EXPENSES = $169.2 million
Over $94,8 million (56%) is spent on academic enterprise — which includes instruction, research, and academic support
$35,5 million (21%) is spent on central administrative operations — which includes accounting services, communications, fundraising, security services, information technology support, and other central costs
$22 million (13%) is spent on “auxiliary enterprises” — which includes residence hall and campus dining operations.
Vassar outsources catering responsibilities, paying $3,995,980 to Aramark Corporation* to run the All Campus Dining Center, fondly known as the Deece.
$16,9 million (10%) is spent on student services — which includes admissions, student health services, counseling, athletics, and career services
The Vassar Student Association receives an annual budget of approximately $750,000.
*Aramark Corporation is the world’s third largest contract foodservice provider, supplying businesses, educational institutions, sports facilities, health care institutions, and federal and state prisons. Aramark has recently been in the news for the lawsuit they are facing after serving rotten chicken tacos at Kent County Jail, MI which literally sickened 250 inmates. This is not surprising since Aramark has a history of serving rotting food. They have served food eaten by rodents, infested with maggots, and even out of the trash—repeatedly. Aramark profits off of the imprisonment of millions of people of color, and Vassar is complicit. This information is pertinent not because students should now worry about the quality of their food (though many will testify to feeling sick after a night at the Deece), but because Vassar is complicit in funding a corporation which profiteers off of the mass imprisonment of people of color. This corporation has demonstrated that they do not value the people they feed or the people that they employ.
Compensation:
this is our biggest expenditure. this is supposed to signify Vassar's commitment to workers' rights and treatment but while we see staff cuts across the board, and protests for higher wages and unionization, we see some huge salaries at the top. 130 employees earn over $100,000 per year, putting them in at least the top 25% of Americans.
In 2012:
President Catharine Bond Hill earned $423,808 as reportable compensation from the college (let's call this A) and an estimated $411,606 as "other compensation from the organization and related organizations," (let's call this B).
Basically Cappy earned $835,414.
She is provided with a house.
(For comparison: the president of Harvard, which has 7,233 undergrads and is ranked as the 2nd best university in the U.S., earns $899,734 per year)
Previous VP for Finance and Administration, Elizabeth Eismeier earned $351,203 ($301,155 from A and $50,048 from B).
Dean of Faculty, Jonathan Chenette earned $330,786 ($236,251 from A and $94,535 from B).
He is provided with a house.
Dean of the College, Christopher Roelke earned $312,302 ($167,630 from A and $144,672 from B).
He is provided with a house.
VP for Alumnae Affairs/Development, Catharine Baer earned $316,337 ($262,186 from A and $54,151 from B).
Then there are those who came close—earning over $200,000 but not quite ready to make the leap into the $300,000 mark: Susan Dekrey (VP for Communications), John Feroe (Secretary of the board), and Professors Elizabeth Paravisini-Gebert, Ronald Sharp, Richard Wilson, John Ahern, James Merrell, and Bret Ingerman.
Over $94,8 million (56%) is spent on academic enterprise — which includes instruction, research, and academic support
$35,5 million (21%) is spent on central administrative operations — which includes accounting services, communications, fundraising, security services, information technology support, and other central costs
$22 million (13%) is spent on “auxiliary enterprises” — which includes residence hall and campus dining operations.
Vassar outsources catering responsibilities, paying $3,995,980 to Aramark Corporation* to run the All Campus Dining Center, fondly known as the Deece.
$16,9 million (10%) is spent on student services — which includes admissions, student health services, counseling, athletics, and career services
The Vassar Student Association receives an annual budget of approximately $750,000.
*Aramark Corporation is the world’s third largest contract foodservice provider, supplying businesses, educational institutions, sports facilities, health care institutions, and federal and state prisons. Aramark has recently been in the news for the lawsuit they are facing after serving rotten chicken tacos at Kent County Jail, MI which literally sickened 250 inmates. This is not surprising since Aramark has a history of serving rotting food. They have served food eaten by rodents, infested with maggots, and even out of the trash—repeatedly. Aramark profits off of the imprisonment of millions of people of color, and Vassar is complicit. This information is pertinent not because students should now worry about the quality of their food (though many will testify to feeling sick after a night at the Deece), but because Vassar is complicit in funding a corporation which profiteers off of the mass imprisonment of people of color. This corporation has demonstrated that they do not value the people they feed or the people that they employ.
Compensation:
this is our biggest expenditure. this is supposed to signify Vassar's commitment to workers' rights and treatment but while we see staff cuts across the board, and protests for higher wages and unionization, we see some huge salaries at the top. 130 employees earn over $100,000 per year, putting them in at least the top 25% of Americans.
In 2012:
President Catharine Bond Hill earned $423,808 as reportable compensation from the college (let's call this A) and an estimated $411,606 as "other compensation from the organization and related organizations," (let's call this B).
Basically Cappy earned $835,414.
She is provided with a house.
(For comparison: the president of Harvard, which has 7,233 undergrads and is ranked as the 2nd best university in the U.S., earns $899,734 per year)
Previous VP for Finance and Administration, Elizabeth Eismeier earned $351,203 ($301,155 from A and $50,048 from B).
Dean of Faculty, Jonathan Chenette earned $330,786 ($236,251 from A and $94,535 from B).
He is provided with a house.
Dean of the College, Christopher Roelke earned $312,302 ($167,630 from A and $144,672 from B).
He is provided with a house.
VP for Alumnae Affairs/Development, Catharine Baer earned $316,337 ($262,186 from A and $54,151 from B).
Then there are those who came close—earning over $200,000 but not quite ready to make the leap into the $300,000 mark: Susan Dekrey (VP for Communications), John Feroe (Secretary of the board), and Professors Elizabeth Paravisini-Gebert, Ronald Sharp, Richard Wilson, John Ahern, James Merrell, and Bret Ingerman.