CU Finances Pt. 4 — Miscellany

Sorry for the delay, but here’s the last post in our series on the financial health of Cedarville University. In this last segment I simply want to relay some miscellaneous stuff I came across that didn’t fit really well elsewhere.

  • In case you’re curious, when Cedarville went Baptist in 1953, tuition was $58/hr; when my dad enrolled it was $163; by the time I got in it was $314 and by the time I got out it was $656/hr.
  • The number of CU employees paid more than a $50k salary has steadily increased in recent years, with a total of 207 in ’06-’07.
  • Anybody familiar with Cedarville knows we’ve had some legal trouble recently, which is clearly represented on the tax forms: we paid $38k in 2003, but it quickly escalates to almost $305k by ’06-’07. The bulk of that goes to CU’s lead attorney David Haffey, who makes $200k.
  • Dr. Brown’s salary increases the longer his tenure (understandably), and in ’06-’07 was at almost $228k including benefits & expense account. This is below average for our sister schools, which usually paid $242k+ to their president. The best-paid was Wheaton’s ($498k) followed by Biola ($404k); worst was Grace ($85k) and then BBC ($143k).
  • I couldn’t find good information on faculty salaries, but for most of the schools it was possible to determine the highest paid professors. Average salary for the top earner was $133k; CU’s made $112k (Dr. Irene Alyn). I’d imagine Wheaton pays pretty generously, but I couldn’t get numbers — the most I did find was from Masters, whose top earner made a bit over $205k.
  • I don’t know why, but our contract with Pioneer Caterers (ie, Chuck’s) spiked upward sharply after the ’02-’03 year — it went from $1.77M to $3.09M, and it’s hovered in this three-million-ish range ever since.
Too bad none of this made it into Cedars. If it were all cleaned up, edited, and graphed/charted out nicely it could’ve made for a great spread. I imagine the new incarnation of Cedars (coming 2010) will revert to its modus operandi from the 20th century — ie, all safe news and “omg isn’t teh opposite sex confusing?!” type editorials. Shame.

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