By SUSAN JONES
Pitt’s endowment, which gained $1.4 billion in fiscal year 2020-21, dropped in fiscal year 2021-22 — from $5.68 billion to $5.56 billion, according to the University’s annual 990 IRS form, which was filed on May 15.
Other highlights from the report
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The highest-paid independent contractor on campus was Chartwells ($15.39 million), which has operated Pitt’s food services since summer 2020; followed by three Pittsburgh-based construction companies: PJ Dick ($15 million), Turner Construction ($9 million) and Burchick Construction ($8.85 million). The Regents of the University of Michigan rounded out the list with $6.31 million in research subcontracts.
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Tuition revenue was up more than $56 million from the previous year, which was highly impacted by the pandemic.
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Sales of educational and auxiliary materials also climbed back almost $64 million, after dipping during the height of the pandemic.
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Travel expenses were up to around $40 million, after dropping to $14.2 million in 2020-21, but did not hit pre-pandemic levels that ranged between $50 million and $58 million during the previous few years.
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Institutional aid to students continues to rise, with 20,020 recipients at a cost of $250.7 million. Another 2,186 students received tuition remission under Pitt’s educational benefits for employees, at a cost of $28 million, and 69 children of Pitt employees attending other universities received $1.32 million in tuition remission.
Highest-paid employees
Pat Narduzzi, Pitt’s head football coach, continues to be the University’s highest paid employee with $4.46 million in base pay, up from $3.75 million the previous year, and $5.87 million in total compensation. The coach, who has been at Pitt since the 2015 season, signed a contract extension in spring 2022 that will keep him here through 2030,
The 990 list of top-paid employees (with base pay and total compensation, which includes retirement, bonuses and nontaxable items, such as health care) for fiscal year 2021-22 also includes (asterisks indicate those who are new to the list):
Jeff Capel, head men’s basketball coach: $3.482 million / $3.59 million
Greg Schuler, CIO through June 1, 2021: $252,731 / $1.71 million
Arthur Levine, former SVC for Health Sciences and dean of the School of Medicine (who served in that role until June 2020): $1.42 million / $1.51 million
Anantha Shekhar, SVC for Health Sciences and dean of the School of Medicine: $995, 966 / $1.479 million
Heather Lyke, athletic director: $757,563 / $912,485
Patrick Gallagher, chancellor: $688,429 / $845,673
*Randy Bates, assistant football coach: $636,429 / $757,570
Michael Becich, associate vice chancellor for informatics in the Health Sciences; chairman, Department of Biomedical Informatics, School of Medicine; and interim co-director, Pittsburgh Supercomputing Center: $641,890 / $684,292
Paul Lawrence, treasurer: $392,155 / $580,664
Ann Cudd, provost: $472,446 / $565,460
Rob Rutenbar, SVC for research: $422,543 / $499,738
David DeJong, SVC for business & operations: $400,056 / $492,892
Geovette Washington, chief legal officer: $426,734 / $485,598
Hari Sastry, chief financial officer: $394,359 / $448,775
Kathy Humphrey, SVC for engagement through June 30, 2021: $213,103 / $292,961
*Rosalyn Jones, secretary of the Board of Trustees: $223,638 / $266,271
Right-to-know disclosure to the state
The state also requires Pitt to disclose the 25 highest-paid non-officers at the University. The list includes some of those from the previous list, including Narduzzi, Capel, Levine, Lyke, Bates and Becich. The base salary for the other top-paid employees were (asterisks indicate those who are new to the list):
Lance White, women’s basketball coach: $640,768
Michael Lima, managing director of investments, CFO’s office: $624,870
Michael Imbrogno, managing director of investments, CFO’s office: $629,102
Kristin Davitt, SVC for philanthropic and alumni engagement: $615,768
Bernard Costello, former dean of the School of Dental Medicine: $615,000
*David Almodovar, managing director of investments, CFO’s office: $613,730
A. Everette James, interim dean of the Graduate School of Public Health from July 2019 to January 2021 and director, Health Policy Institute; Associate Vice Chancellor for Health Policy and Planning: $612,340
Steven Reis, associate vice chancellor for clinical research and director, Clinical and Translational Science Institute: $611,000
Angela Gronenborn, professor and chair, Department of Structural Biology: $570,605
Jonathan Silverstein, chief research informatics officer, Health Sciences and Institute for Precision Medicine: $565,625
Charles Partridge, assistant head football coach: $541,667
Mark Jay Shlomchik, chair, Department of Immunology: $532,499
Peter Strick, chair, meurobiology: $530,250
*Dan Fisher, head volleyball coach, $521,833
Lise Vesterlund, professor of economics: $525,500
David Denis, senior chair and professor of business administration: $500,999
Bruce Freeman, chair of pharmacology and molecular biology: $479,750
*Mike Bell, head baseball coach: $474,422
Mark Whipple, Pitt football offensive coordinator: $467,391
Family connections
The IRS requires institutions to report financial information on employees or companies doing business with Pitt who are related to senior officers, trustees or highest-paid employees.
Receiving compensation from Pitt in 2021-22 were:
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Neal Becker, senior lecturer in economics, family member of Provost Ann Cudd: $127,706
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Allegheny Strategy Partners, a public affairs and business development firm co-founded by Nicholas Varischetti, family member of Board of Trustees member Peter Varischetti: $117,015
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Sean Gallagher, family member of Chancellor Patrick Gallagher: $90,455
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John Pelusi, assistant athletic director, family member of Trustee John H. Pelusi: $103,810
Susan Jones is editor of the University Times. Reach her at suejones@pitt.edu or 724-244-4042.
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