`Non-Profit' Hofstra `Presidential Debate' University Paid Its Prez $1.1 Million In 2014

On September 26, 2016, Hofstra University President Stuart Rabinowitz will apparently allow Hofstra University's campus facilities in Hempstead, New York to be used for a televised U.S. presidential "debate" in which some of the U.S. presidential candidates on New York State's November 2016 ballot will be undemocratically blocked from participating in.

One reason Hofstra President Rabinowitz might be eager to have Hofstra University host a presidential "debate," in which some of the U.S. presidential candidates who don't represent the special corporate and class interests of the 1 percent are excluded from the campus "debate," is that the trustees of tax-exempt and "non-profit" Hofstra paid Hofstra President Rabinowitz a lot more in total annual compensation in 2014 than what most student-workers, non-student workers, teaching assistants, adjuncts professors and even tenured professors at Hofstra University are paid these days.

According to Hofstra University's 2013 Form 990 financial filing for the period beginning September 1, 2013 and ending August 31, 2014, Hofstra "Presidential Debate" University President Rabinowitz's annual total compensation package from "non-profit" Hofstra University was $1,104,344.

The same 2013 Form 990 financial filing also indicates that, between September 1, 2013 and August 31, 2014, the following 18 other Hofstra "Presidential Debate" University administrators were also given annual total compensation packages that exceeded $245,000 by tax-exempt Hofstra University's board of trustees:

1. Hofstra University School of Medicine Dean Lawrence Smith was given a total annual compensation package of $594,841 in 2014;

2. Hofstra University Vice-President and Treasurer Catherine Hennessy was given a total annual compensation package of $550,275 in 2014;

3. Hofstra University Vice-President for Planning and Administration M. Patricia Adamski Sr. was given a total annual compensation package of $536,612 in 2014;

4. Hofstra University Vice-President for Legal Affairs Dolores Fredrich was given a total annual compensation package of $500,394 in 2014;

5. Hofstra University Law School Dean Eric Lane was given a total annual compensation package of $488,378 in 2014;

6. Hofstra University Provost and Senior Vice-President Herman Berliner was given a total annual compensation package of $487,872 in 2014;

7. Hofstra University Vice-President for Athletics Jeffrey Hathaway was given a total annual compensation package of $454,892 in 2014;

8. Hofstra University School of Medicine Vice-Dean Vernonica Catanese was given a total annual compensation package of $440,721 in 2014;

9. Hofstra University Co-Director of Stem Research David Burghardt was given a total annual compensation package of $398,785 in 2014;

10. Hofstra University Vice-President for Information Technology Robert Juckiewitz was given a total annual compensation package of $375,773 in 2014;

11. Hofstra University Vice-President for Development Alan Kelly was given a total annual compensation package of $364,059 in 2014;

12. Hofstra University School of Business Dean Patrick Socci was given a total annual compensation package of $362,894 in 2014;

13. Hofstra University Vice-President for University Relations Melissa Connolly was given a total annual compensation package of $324,220 in 2014;

14. Hofstra University Vice-President of Facilities Joseph Barkwill was given a total annual compensation package of $304,186 in 2014;

15. Hofstra University Vice-President for Enrollment Management Jessica Eads was given a total annual compensation package of $304,186 in 2014;

16. Hofstra University Vice-President for Student Affairs Sandra Johnson was given a total annual compensation package of $299,331 in 2014;

17. Hofstra University Vice-President for Business Development Richard Guardino, Jr. was given a total annual compensation package of $274,781 in 2014; and

18. Hofstra University Vice-President for Institutional Research and Assessment Stephen Bushey was given a total annual compensation package of $245,034 in 2014.

One reason the board of trustees of "non-profit" Hofstra "Presidential Debate" University can apparently afford to pay such inflated annual salaries and compensation to Hofstra University administrators is that, according to its 2013 Form 990 financial filing, Hofstra University paid "0" in federal income taxes in 2014--despite its total annual revenue of $491,366,721 exceeding its total annual expenses of $456,233,999 by over $35 million between September 1, 2013 and August 31, 2014; and the value of Hofstra University's assets increased by over $70 million (from $532,575,815 to $603,500,548) during the same period. 

According to its 2013 Form 990 financial filing, the $9,829,702 in investment income that Hofstra "Presidential Debate" University collected from a $411 million-plus endowment portfolio that included $290,792,159 worth of "publicly-traded securities" was, coincidentally, "excluded from tax under sections 512-514."