Thursday, March 31, 2016

Here's NJEA's Finance Report (Including Vince Giordano's Base Salary of $492K)

The New Jersey Education Association had a negative net worth, primarily due to pension and health care liabilities owed to its own employees totaling $154.2 million. Still, NJEA had enough money to use $9.3 million to form its own SuperPAC – Garden State Forward – and contribute $125,000 to New Jersey Policy Perspective.
  • Total membership – 200,174, down 140 members
  • Total revenue – $129.6 million (88% came from member dues), up $3.1 million
  • Surplus – $1.1 million
  • Net assets – negative $17.6 million
  • Total staff – 426
  • Staff salaries and benefits – $61.3 million
  • Highest paid employee – Vincent Giordano, former executive director – $491,879 base salary
  • Highest paid contractor – The New Media Firm – $5,157,043

1 comment:

Joseph Russo said...

I have been a client since the year 2000, so feel I'm in a much better position to comment on their performance and quality of service than others who have come and gone as clients in a year or two. I've been happy with my portfolio some years and not so happy in other years. The past 13 years have been hard on stocks investors at time and there's no such thing as a crystal ball, no firm that I know about has a perfect track record in the past few years. I'm not a "big client," my accounts are probably fairly small compared to many others that their handles. But I'm always treated with respect, client contact is maintained on a monthly basis with a personal phone call.
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