Former Syracuse University Chancellor Nancy Cantor received a slight salary increase during her final full year as chancellor, with her pay rising from $648, 146 in 2011 to $661, 231 in 2012.

Of Cantor’s total earnings of $1,004,292 in 2012, she received $661,231 as base pay, $50,000 for bonus and incentive compensation and $396 for other reportable compensation. Cantor also received $179,000 for retirement and other deferred compensation and she received $113,665 in nontaxable benefits.

Cantor wasn’t the only SU official to see an increase in pay in 2012.  Men’s head basketball coach Jim Boeheim and former head football coach Doug Marrone also saw their salaries increase. The university’s endowment also grew during the 2013 fiscal year while its legal expenses decreased.

All this information comes from the university’s Form 990, a document nonprofit organizations file with the Internal Revenue Service each year. The salaries from the Form 990 are from 2011-2012. Other financial information is based on the 2013 fiscal year, which began July 1, 2012 and ended June 30, 2013.

Cantor was only the third highest paid SU employee during 2012.

Boeheim was the highest paid employee, with Marrone earning the second highest salary, according to the document. Kenneth “Buzz” Shaw, who was chancellor of the university from 1991 to 2004, received the third most in total compensation after Boeheim and Marrone. Shaw received $1,132,628 in “other reportable compensation” in 2012, though he received no salary.

In 2012, Boeheim earned $2,131,424 in total compensation, which is about 15 percent higher than his total earnings of $1,818,661 in 2011. Boeheim received $1,700,336 in base pay, $160,000 in bonus and incentive compensation and $186,882 in other reportable compensation. He also received $65,000 in retirement and other deferred compensation and $19,146 in nontaxable benefits.

Of his base pay, SU paid $295,097. IMG Worldwide, a global sports, fashion and media business paid $1.2 million and the Big Orange Basketball Camp paid $205,239 of the base salary.

Marrone earned $1,741,813 in total compensation in 2012, which is about a 40 percent increase in his total earnings of $1,031,653 the previous year.

In 2012, Marrone received a base pay of $1,651,546 with $25,000 in bonus pay and $19,623 in other reportable compensation. He also received $25,000 in retirement and deferred compensation and $20,644 in nontaxable benefits.

Of Marrone’s base pay, SU paid $305, 731, IMG Worldwide covered $1,337,880 and Marrone earned $7,935 of the pay from hosting a summer football camp.

Syracuse University Director of Athletics Daryl Gross received $815,969 in total compensation in 2012.  Gross received a base pay of $563,251 with a bonus pay of $183,333 and $23,380 in other reportable compensation. He received $25,000 for retirement and other deferred compensation along with $21,005 in nontaxable benefits.

The Form 990 also indicated the university spent $7,335,319 for legal expenses in the 2013 fiscal year, a 25 percent decrease from 2012 fiscal year. During the 2012 fiscal year, the university saw its legal fees increase by 92 percent after former associate men’s head basketball coach Bernie Fine faced allegations of sexual abuse. SU spent $9,828,574 in legal fees that year.

In addition, the Form 990 showed that the university’s endowment fund was $1,028,501,282, an increase of about 11 percent from the 2012 fiscal year. During the 2012 fiscal year, the endowment was $916,521,664. SU’s endowment has nearly doubled in the past four years since the fund was $556,869,570 in the 2009 fiscal year.

Erin Kane, associate vice president for public relations at SU, said in an email that SU Chief Financial Officer Lou Marcoccia was unavailable for an interview on Friday.

 

 

Published on May 16, 2014 at 7:39 pm

Contact Anna: [email protected]