FWST: Who are TCU’s highest-paid employees? Hint: Take a look in the athletic department

[TopFrog]

Who are TCU’s highest-paid employees? Hint: Take a look in the athletic department

By Lawrence Dow

TCU football coach Sonny Dykes earned $4.93 million in 2022, when he led the Horned Frogs to the national championship game in his first season and won 10 national coach of the year awards.

Dykes was the highest-paid employee at TCU, earning $2.6 million more than Chancellor Victor Boschini, who made $2.33 million, according to the university’s most recent IRS Form 990, obtained Tuesday by the Star-Telegram.

Three coaches and the athletic director had among the top 10 salaries on campus: Men’s basketball coach Jamie Dixon, in his eighth season at TCU, earned $4 million, athletic director Jeremiah Donati made $1.33 million and baseball coach Kirk Saarloos was paid $1.03 million.

Read more at: https://www.star-telegram.com/sport...niversity/article287727115.html#storylink=cpy

Also at https://www.msn.com/en-us/sports/ot...a-look-in-the-athletic-department/ar-BB1lJOFx

 

[SoonerFrogs]

So Boschini is way overpaid? Thats what I got from it.

 

[AustinFrog]

As a private institution, are tax filings normally made public by the university?

 

[steelfrog]

As a private institution, are tax filings normally made public by the university?

Ha ha ha ha.

Perhaps you didn't know this, but TCU and all the other universities (and churches) are "exempt organizations" - exempt from all taxes - income, property etc.,; cause they are "charities." Ha ha.

Charities have to file publicly-disclosed tax returns, a IRS Form 990.

There are other search engines you can use, but IRS has one here (prolly doesn't work):

Search for Tax Exempt Organizations | Internal Revenue Service

Search information about as organization’s tax-exempt federal tax status and filings.

www.irs.gov

 

[4 Oaks Frog]

Based on annual tuition of $61,000 (from Google search), it takes 223.3 TCU students’ tuition to pay these 5 men’s total $13.62M annual salaries…2% of total student population. Something tells me there are a few more 7-figure salaries lying around there in Frogland.
NOTE: This is Class of 73’ RTF grad math. It may be a little fuzzy, but I think it’s pretty accurate…
GO FROGS!

 

[Froggy Style]

Based on annual tuition of $61,000 (from Google search), it takes 223.3 TCU students’ tuition to pay these 5 men’s total $13.62M annual salaries…2% of total student population. Something tells me there are a few more 7-figure salaries lying around there in Frogland.
NOTE: This is Class of 73’ RTF grad math. It may be a little fuzzy, but I think it’s pretty accurate…
GO FROGS!

...or maybe 1 or 2 month's worth of revenue from the athletics program is what covers the expenses.

 

[Big Frog II]

Compare their salaries to other colleges. They are right there with the rest of them.
TCU use to try the nickel and dime approach and the results were predictable. Thankfully we no longer do that.

 

[An-Cap Frog]

Ha ha ha ha.

Perhaps you didn't know this, but TCU and all the other universities (and churches) are "exempt organizations" - exempt from all taxes - income, property etc.,; cause they are "charities." Ha ha.

Charities have to file publicly-disclosed tax returns, a IRS Form 990.

There are other search engines you can use, but IRS has one here (prolly doesn't work):

Search for Tax Exempt Organizations | Internal Revenue Service

Search information about as organization’s tax-exempt federal tax status and filings.

www.irs.gov

To add...

Which persons must be listed as officers, directors, trustees, key employees, and five highest compensated employees on the core form’s Part VII?​

The organization must list all of its current officers, directors, and trustees, as those terms are defined in the Glossary contained in the instructions, regardless of whether any compensation was paid to such individuals. The organization must also list up to 20 current employees who satisfy the definition of key employee (persons with certain responsibilities and reportable compensation greater than $150,000 from the organization and related organizations), and its five current highest compensated employees with reportable compensation of at least $100,000 from the organization and related organizations who are not officers, directors, trustees, or key employees of the organization.

Special filing amounts and requirements apply for a former--a person who was an officer, director, trustee, key employee, or one of the five highest compensated employees, in one of the five prior reporting years.

TIP: All filing organizations (not just section 501(c)(3) organizations) must list and report compensation paid to the organization’s five highest compensated employees with reportable compensation greater than $100,000 from the organization and related organizations, as well as to its five highest compensated independent contractors to which the organization paid more than $100,000 for services. See Part VII and related instructions.