fgcu presidential compensation

FGCU Presidential Compensation

Preliminary Review

Base Components• Base Salary:

– Begins at $358,864– “Targeted” for 5% annual increases based on a “satisfactory review” by the

BoT– For 2016-2017 Base Salary with full 5% increases will be $436,201

• “Base” Retention Bonus:– “Base” because it is a mandatory, non-performance based payment at end

of fiscal year unless Dr. Bradshaw chooses to leave or is removed for cause*– Begins at $25,000 and increases by $25,000 per year to $125,000in 2016-

2017– Totals $375,000 over five years

• Long Term Disability– “Dr. Bradshaw will be reimbursed up to $8,000 (less taxes) for purchase….”

Performance Components• Performance Raise

– “…the annual base salary will be increased up to 5% (5% being the target) at the board’s sole discretion, effective each July 1 based upon a satisfactory annual review by the Board.”

– All raises to date have been increased to the maximum amount of the contract.

• Performance Bonus– “…satisfactory services (defined as meeting or exceeding goals set by the

President and approved by the Board)…performance incentives of $80,000…may be awarded….”

– “if the President has not met all his goals, the Board may, at its sole discretion, award performance incentives up to $80,000.”

– The BoT has always awarded the full performance bonus during Dr. Bradshaw’s tenure. Some targets set in the performance goals have been missed.

Overview

2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 $-

$100,000.00

$200,000.00

$300,000.00

$400,000.00

$500,000.00

$600,000.00

$700,000.00

Retain BasePerf BonusPerf RaiseBase

Does not include LTD reimbursement

Total Cash Compensation

• With Full Bonuses and Incentives

2012-2013 $ 463,864.00 2013-2014 $ 506,807.20 2014-2015 $ 550,647.56 2015-2016 $ 595,429.94 2016-2017 $ 641,201.43

SUSPeer Group and Aspirational Peers

• MGT completed a salary survey comparing Presidential compensation to:– SUS Schools– 78 Peer Institutions– 9 “Aspirational” Peer Institutions

• MGT proposed the compensation structure that was adopted by the board in its draft Employment Agreement.

SUS Total Compensation Comparison

1. UCF: $766,2002. UF: $616,000 (plus possible $400,000 retention)

3. USF: $592,4004. FIU: $550,0005. UNF: $475,0006. FGCU: $463,864 (first year plus bonuses)

7. FSU: $454,2508. FAU: $446,7509. FAMU: $364,00010. NC: $326,66211. UWF: $224,000

Source: MGT Analysis, Attachment 1; BOT Agenda Item 11; September 20, 2011 Meeting

78 Peer Institutions

• Base salary comparison (not counting bonuses and incentives)– FGCU: $358,864– Mean: $269,634– Minimum: $150,336– Median: $259,000– 75th %ile $310,660– Maximum: $387,984

Aspirational Peers

• Appalachian State• Eastern Kentucky• James Madison• Marshall• Murray State

• Central Arkansas• North Carolina-

Wilmington• South Alabama• Western Kentucky

• Average: $334,266• Minimum: $246,568• Median: $305,620• 75th %ile: $382,433• Maximum: $486,948

FGCU: $358,864

ASPIRATIONAL PEER PERFORMANCE COMPARISONS

All Data Taken from http://nces.ed.gov/ipeds/datacenter/National Center for Education Statistics, Standard ReportsUS Department of Education

http://nces.ed.gov/ipeds/datacenter/

http://nces.ed.gov/ipeds/datacenter/

Average Instructional Salary

Universi

ty of N

orth Carolin

a-Wilm

ington

Appalachian St

ate Universi

ty

James Madiso

n Universi

ty

Universi

ty of S

outh Alabama

Florid

a Gulf Coast

Universi

ty

Eastern Kentucky

Universi

ty

Marshall U

niversi

ty

Murray S

tate Universi

ty

Western Kentucky

Universi

ty

Universi

ty of C

entral A

rkansas

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2009-10: Average Salary--All Full Time Instructional Faculty

Retention Rate

James Madiso

n Universi

ty

Appalachian St

ate Universi

ty

Universi

ty of N

orth Carolin

a-Wilm

ington

Florid

a Gulf Coast

Universi

ty

Western Kentucky

Universi

ty

Murray S

tate Universi

ty

Marshall U

niversi

ty

Universi

ty of C

entral A

rkansas

Eastern Kentucky

Universi

ty

Universi

ty of S

outh Alabama0

10

20

30

40

50

60

70

80

90

100

Fall 2009: Full Time Fall Student Retention Rate--All Levels

Undergraduate Total Enrollment

Western Kentucky

Universi

ty

James Madiso

n Universi

ty

Appalachian St

ate Universi

ty

Eastern Kentucky

Universi

ty

Universi

ty of S

outh Alabama

Universi

ty of N

orth Carolin

a-Wilm

ington

Universi

ty of C

entral A

rkansas

Florid

a Gulf Coast

Universi

ty

Marshall U

niversi

ty

Murray S

tate Universi

ty0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

Fall 2009: Estimated Undergraduate Enrollment, Total

Total Unduplicated HeadcountGraduate and Undergraduate

2005-06 2006-07 2007-08 2008-090

5,000

10,000

15,000

20,000

25,000

Western Kentucky University

James Madison University

Eastern Kentucky University

Appalachian State University

University of South Alabama

Marshall University

University of Central Arkansas

University of North Carolina-Wilmington

Florida Gulf Coast University

Murray State University

4-Year Graduation Rate*

James Madiso

n University

Universi

ty of N

orth Caro

lina-W

ilmington

Appalachian State

University

Murray St

ate University

Western Kentuck

y Universi

ty

Universi

ty of Centra

l Arkansas

Florid

a Gulf Coast

University

Marshall U

niversi

ty

Universi

ty of S

outh Alabama

Easte

rn Kentucky Universi

ty0

10

20

30

40

50

60

70

2009 4-Year Graduation Rate: Bachelors

*From the IPEDS Data Center “Graduation Rates” tab. “Frequently Used/Derived” tab generates a different view of graduation rates that is comparable but different.

8-Year Graduation Rate

James Madiso

n University

Universi

ty of N

orth Caro

lina-W

ilmington

Appalachian State

University

Murray St

ate University

Weste

rn Kentuck

y Universi

ty

Marshall U

niversi

ty

Universi

ty of C

entral A

rkansas

Easte

rn Kentucky Universi

ty

Universi

ty of South Alabama

Florid

a Gulf Coast

University

0102030405060708090

2009 8-Year Graduation Rate (Graduation within 200% of normal time)

*From the IPEDS Data Center “Graduation Rates” tab. “Frequently Used/Derived” tab generates a different view of graduation rates that is comparable but different.

Number of Instructional/Research/Public Service Staff

James Madiso

n Universi

ty

Appalachian St

ate Universi

ty

Western Kentucky

Universi

ty

Universi

ty of S

outh Alabama

Eastern Kentucky

Universi

ty

Marshall U

niversi

ty

Universi

ty of N

orth Carolin

a-Wilm

ington

Universi

ty of C

entral A

rkansas

Murray S

tate Universi

ty

Florid

a Gulf Coast

Universi

ty0

200

400

600

800

1000

1200

Number of Exec/Admin/Mgmt Staff

Eastern Kentucky

Universi

ty

Universi

ty of S

outh Alabama

Marshall U

niversi

ty

Florid

a Gulf Coast

Universi

ty

Western Kentucky

Universi

ty

James Madiso

n Universi

ty

Appalachian St

ate Universi

ty

Universi

ty of N

orth Carolin

a-Wilm

ington

Murray S

tate Universi

ty

Universi

ty of C

entral A

rkansas

0

50

100

150

200

250

Total Unduplicated G & UG Headcount per Instructional/Research/Public Service FTE

2006-07 2007-08 2008-0917.0

19.0

21.0

23.0

25.0

27.0

29.0

31.0

33.0








Marshall University



Total Unduplicated G & UG Headcount per Executive/Administrative/Management FTE

2006-07 2007-08 2008-0960.0

110.0

160.0

210.0

260.0

310.0

360.0







Marshall University




Instructional/Research/Public Service FTEper

Executive/Administrative/Management FTE

2006-07 2007-08 2008-09 2009-102.0

4.0

6.0

8.0

10.0

12.0

14.0 Appalachian State University







Marshall University



Instructional Expenses as a Percent of Total Core Expenses

2005-06 2006-07 2007-08 2008-0930

32

34

36

38

40

42

44

46







Marshall University




Institutional Support Expenses as a Percent

of Total Core Expenses

2005-06 2006-07 2007-08 2008-096

8

10

12

14

16

18








Marshall University



Institutional Support• A functional expense category that includes expenses for the day-to-day

operational support of the institution. Includes expenses for general administrative services, central executive-level activities concerned with management and long range planning, legal and fiscal operations, space management, employee personnel and records, logistical services such as purchasing and printing, and public relations and development. Also includes information technology expenses related to institutional support activities.

• Other Categories (GASB):– Academic Support– Other Core– Student Services– Public Service– Research

2008-09: Instructional Credit Hours Per Instructional Faculty FTE

Florid

a Gulf C

oast Unive

rsity

Appalachian

State Unive

rsity

Universi

ty of N

orth Caro

lina-W

ilmington

Western Ken

tucky Unive

rsity

James

Madiso

n Unive

rsity

Universi

ty of C

entral A

rkansas

Murray S

tate U

niversity

Easte

rn Kentucky

Universi

ty

Universi

ty of S

outh Alabam

a

Marshall U

niversi

ty0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

Total price for in-state students living on campus 2009-10

2006-07 2007-08 2008-09 2009-10 $12,000.00

$13,000.00

$14,000.00

$15,000.00

$16,000.00

$17,000.00

$18,000.00

$19,000.00

$20,000.00

Total price for in-state students living on campus 2009-10




Marshall University







fgcu presidential compensation

Documents

performance goals

award performance incentives

salary survey

annual increases

aspirational peersmgt

compensation structure

end of fiscal year

base retention bonus