The DePauw, Friday, March 1, 2013

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page 4&5 FRIDAY, MARCH 1, 2012

Indiana’s Oldest College Newspaper

VOL. 161, ISSUE 33

Form 990 reveals 11 highest paid DePauw employees 1. Brian Casey $468,675

By NICKY CHOKRAN features@thedepauw.com

DePauw has released its 2010 Form 990, the only publicly available document of its kind that discloses information about an organization’s finances. The form, which is filed with the IRS, contains sensitive information about DePauw’s finances, such as the university’s balance sheet and the top 11 administrative salaries. The university president, the five current vice presidents, two program directors, a distinguished professor of music, and the former vice president for advancement are all included on the list of highest compensated employees in 2010. When approached about the salary values, members of the administration were unwilling to comment on any individual person or figure. “DePauw has been private about compensation for 175 years and it’s not something we’re going to talk about now,” said Vice President for Finance and Administration, Brad Kelsheimer. “It’s not something organizations share.” Kelsheimer is one of the 11 employees whose salary information is disclosed in the document. “We tend not to talk about individual compensations,” Christopher Wells, Vice President for Communications and Strategic Initiatives, reiterated. Wells is also included on the Form 990’s list of highest compensated employees. According to the Chronicle of Higher Education, after two years of serving as president, Dr. Casey’s 2010 total salary ranked no. 188 of all the nation’s private colleges at $468,675. That puts President Casey’s total compensation $75,174 above the average total compensation of a president at a similar college, according to the chronicle. Comparatively, in 2010, Denison University’s president of 12 years, Dale Knobel, ranked 198th of private college presidents with a total salary of $454,538. Indiana University’s president, Michael McRobbie, on the other hand, made $625,910 in total compensation for 2010 after serving for four years. In the context of national higher education averages, Wells said, “I think our compensation is appropriate.” Schedule O, a supplemental section of the

lengthy Form 990, states that a subcommittee of the executive committee of the Board of Trustees is the group that determines salary amounts for DePauw’s executive officers. Each employee’s total compensation is made up of base pay, bonus and incentive compensation, other reportable compensation, retirement and other deferred compensation, and nontaxable benefits. The Form 990 lists President Casey’s 2010 bonus as $100,000. “Speaking generically, raises aren’t given because of a largely successful financial year,” said Wells. “They happen when an employee does things that change the fabric of the campus students are living in.”

2. Bradley Kelsheimer $227, 439

3. Lisa Hollander $255, 068

4. Christopher Wells $204,693 5. Robert Steele $202, 187 6. Daniel Meyer $177,5620 7. Cynthia babington $172,812 8. Gary Lemon $168,011 9. Pamela Coburn $162,141 10. Carol Smith

Salaries | continued on page 6

$161,001

11. David Harvey $158,426


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