Inside Higher Ed
October 24th, 2014
Salaries for executives at higher education trade associations rival those of top-paid college presidents.
Compensation for the leaders of these higher ed groups – which are
considered nonprofits by the IRS – has climbed in recent years.
Twenty-seven of 48 association heads earned about as much or more than the median salary for a university president, which was about $400,000 in 2012-13.
The highest-paid sitting association leader is Mark Emmert of the
National Collegiate Athletic Association. He earned $1.7 million from
fall 2012 to fall 2013.
The second-highest-paid sitting leader, Michael Lomax, runs the
United Negro College Fund. The UNCF, as it is known, supports the
nation’s private historically black colleges – many of which are struggling financially
– and provides scholarships for students from low-income families.
Lomax earned over $1.4 million from spring 2012 to spring 2013,
including $101,000 in performance-based incentives and $695,000 in
retirement payouts from his previous eight years as UNCF’s leader.