Arts & Culture: New Wicker Park hotspot serves up
10
treats, See pg. 26
Online exclusive video
Alcoholic Youth: A two-part series. When did college drinking go too far?
Opinions: CPD body camera program could protect citizens and cops, See pg. 36
FALL 2014
WEEKS LEFT
No. 1 Non-Daily College Newspaper in the Nation THE OFFICIAL NEWS SOURCE OF COLUMBIA COLLEGE CHICAGO
College reports leaders’ pay
KATHERINE DAVIS Campus Editor EVEN AS TUITION continued to increase,
former President Warrick L. Carter and 13 other members of Columbia’s administration collected total compensation of more than $200,000 in 2012, according to the college’s most recent Form 990, an annual tax audit that nonprofits are required to submit to the Internal Revenue Service. Form 990s are released by the IRS 18 months after they are filed, which means the latest version of the college’s public financial records are from the 2012–2013 academic year, Carter’s last year at the college before current President Kwang-Wu Kim took office, according to Matthew Jaehrling, associate vice president of Business Affairs and controller. In addition to disclosing administrators’ compensation, the Form 990 also reported that the college’s endowment rose to $127.32 million that year, a 13.34 percent increase from 2011–2012. Despite repeated attempts by The Chronicle, Anne-Marie St. Germaine, interim vice president of Communications and Marketing, did not respond to requests for
MOST Former President Carter’s COMPENSATED total compensation Warrick Carter*
President
information regarding the compensation of Kim and current top administrators. The latest Form 990s include many administrators who are no longer with the college and omit some current top administrators, who were hired after Kim’s assumption of duties, including newly appointed Senior Vice President and Provost Stan Wearden, CFO and Vice President of Business Affairs Michelle Gates and Vice President of Development Jon Stern. Carter cost the college $677,098, which included $333,027 in base salary, a 1.12 percent decrease from the prior year’s salary of $336,820, as well as $163,524 in retirement contributions and $154,643 in nontaxable benefits. Nontaxable benefits include costs associated with items such as insurance. In total, Carter was paid 5.54 percent less in 2012 than in 2011. Factoring in retirement, deferred compensation and nontaxable benefits, aside from Carter, most of the top 10 highest paid administrators saw an increase in total compensation compared to the year prior.
xx SEE 990S , PG. 11
VOLUME 50, ISSUE 6
$677,098
Steven Kapelke* Provost and Senior VP
$319,407
Mark Kelly
VP of Student Affairs
$257,228
Eric Winston*
from 2012 could: Pay for 1 year’s tuition for
29 students. Average tuition for one student: $22,884
Buy
VP of Institutional Advancement
$255,979
1043 , iPhone 6s.
Eliza Nichols
Dean of the School of Fine and Performing Arts
$246,609
16 GB, 4.5 in without contract retail: $649
Paul Chiaravalle*
Buy a tall Pumpkin Spice Latte from Starbucks
Associate VP and Chief of Staff
$246,016
for
Louise Love*
Interim Provost
$245,789
Alicia Berg
VP of Campus Environment
$238,235
*Denotes administrator who is no longer at the college. Information generated from Columbia College’s 2013 Form 990.
180,559 That’s 494 lattes per day. students.
Tall Pumpkin Spice Latte: $3.75
69
Afford 1-year housing contracts 1 year contract one student: at Plymouth Court. for $9,774
Andrea Cannon THE CHRONICLE
MONDAY, OCTOBER 6, 2014
Columbia reacts to ‘Worst Colleges’ ranking CARISSA DEGEN Assistant Campus Editor COLUMBIA’S REPUTATION WAS called
into question in late September when Washington Monthly, a magazine that focuses on politics, published a list that ranked Columbia as the 11th-worst higher education institution in the country. The magazine based its worst college rankings on a formula that
looked at an institution’s net price, average student debt, default rate and graduation rate at all nonprofit, for-profit and public colleges in the country. The College Scorecard states that Columbia’s net price is $26,414 per year. Undergraduate Columbians typically have $27,000 in federal loans after four years with a 14.8 percent default rate. The graduation rate is listed at 40.8 percent.
Provost presents college improvement plan • PAGE 3
Ben Miller, a senior policy analyst at New America foundation and the author of the Washington Monthly article, said all the information used for the list was found on government databases that aggregate statistics supplied to the U.S. Department of Education by the college. Lists of best colleges are commonly found around the time prospective students start applying, but Miller said he wanted to start
Are Renegades underfunded? • PAGE 13
a conversation that focuses on all aspects of college. “If you’re picking amongst a small liberal arts school or a big research university, all of the top colleges are places where students are extremely likely to graduate and they’re going to get a degree from an institution that is nationally recognized,” Miller said. “[However], there are a lot of colleges out there where students are a lot less likely
Chicago music scene delivers • PAGE 22
Carolina Sánchez THE CHRONICLE
to graduate, and they’re going to end up with a lot more student loan debt and a higher risk of not being able to pay back that money.” Miller said he does not think his list will help determine where an incoming freshman decides to attend college because there are a lot of different factors that affect such a decision.
xx SEE RANKING, PG. 11
Lakeview residents discuss Pride location• PAGE 39 T HE COLUMBIA C HRONICLE