By SUSAN JONES
The number of people employed by Pitt has rebounded to nearly pre-pandemic levels, with 28,506 for 2022-23 compared to 28,696 for 2019-20, before the University offered early retirement packages to staff and retirement incentives to faculty in 2020, according to the University’s IRS 990 form, which it filed on May 15.
The University also reported $3.139 billion in revenue and $3.148 billion in functional operating expenses — leading to a negative total of $8.6 million for 2022-23. Investment income dropped by more than half, from $365.2 million to $141.3 million, according to the report. A spokesman for the Office of the Chief Financial Officer said, “In past years, any negative variance was offset by realized investment gains.”
These numbers are separate from the endowment, which was $5.52 billion as of June 30, 2023. The endowment hit its peak at the end of the 2020-21 fiscal year at $5.68 billion, and was $5.56 billion at the end of 2021-22.
Other highlights:
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Institutional aid to students continues to rise, with 19,390 recipients at a cost of $264.1 million — up from $250.7 million the previous year. Another 2,129 students received tuition remission under Pitt’s educational benefits for employees, at a cost of $29 million, and 66 children of Pitt employees attending other universities received $1.3 million in tuition remission.
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Tuition income was at $968.4 million, up $48 million from the previous year.
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The amount spent on salaries, other compensation and benefits increased from $1.58 billion to $1.69 billion. This was before Pitt instituted a $16.50 minimum hourly wage for full-time staff last fall.
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Expenses for travel were up nearly $24 million, from $39.2 million in 2021-22 to $62.9 million in 2022-23. Conference, convention and meeting expenses jumped just over $2 million to $6.9 million.
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Legal expenses to non-Pitt employees increased from $13 million to $15.5 million
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The highest-paid independent contractor on campus was Chartwells Dining Services ($51.7 million); followed by four Pittsburgh-based construction companies: PJ Dick ($50 million), Turner Mosites Joint Venture ($49.4 million), Rycon Construction ($35 million) and Mascaro/Barton-Malow ($21.4 million).
Highest-paid employees
Pat Narduzzi, Pitt’s head football coach, and Jeff Capel, head men’s basketball coach, again top the list of highest-paid employees at Pitt.
The 990 list of top-paid employees’ (with base pay and total compensation, which includes retirement, bonuses and nontaxable items, such as health care) for fiscal year 2022-23 (asterisks indicate those who are new to the list):
Pat Narduzzi, head football coach, $4.97 million / $6.7 million. This is up from $4.46 million in base pay and $5.87 million in total compensation for 2021-22.
Jeff Capel, head men’s basketball coach: $3.49 million / $3.59 million. The same as the previous year.
Heather Lyke, athletic director: $1.06 million / $1.69 million
Arthur Levine, former SVC for Health Sciences and dean of the School of Medicine (who served in that role until June 2020): $1.46 million / $1.55 million
Anantha Shekhar, current SVC for Health Sciences and dean of the School of Medicine: $995,834 / $1.536 million
*Jeffer Choudhry, chief investment officer (since February 2022): $598,854 / $1.36 million
Randy Bates, Panthers football defensive coordinator: $803,010 / $937,944
Patrick Gallagher, former chancellor who stepped down at the end of June 2023: $664,355 / $819,354
Paul Lawrence, treasurer: $392,039 / $803,521
*Frank Cignetti Jr., football offensive coordinator and quarterbacks coach from January 2022 to November 2023: $750,174 / $796,475
Ann Cudd, former provost who stepped down at the end of June 2023: $472,337 / $559,324
Rob Rutenbar, SVC for research: $422,504 / $504,968
David DeJong, SVC for business & operations: $406,370 / $504,262
Geovette Washington, chief legal officer: $426,693 / $492,581
Hari Sastry, chief financial officer: $394,191 / $460,864
Rosalyn Jones, former secretary of the Board of Trustees (who left in August 2023): $247,899 / $285,181
Right-to-know disclosure to the state
The state also requires Pitt to disclose the 25 highest-paid non-officers at the University. The list includes some of those from the previous list, including Narduzzi, Capel, Lyke, Levine, Bates and Cignetti. The base salary for the other top-paid employees (asterisks indicate those who are new to the list):
Charles Partridge, former assistant head football coach, through February 2024: $747,917
Michael Becich, associate vice chancellor for informatics in the Health Sciences; chairman, Department of Biomedical Informatics, School of Medicine; and associate director, Clinical and Translational Science Institute: $728,460
Lance White, former women’s basketball coach who left in March 2023: $641,537
Michael Imbrogno, managing director of investments, CFO’s office: $636,368
Kristin Davitt, SVC for philanthropic and alumni engagement: $629,638
A. Everette James, associate vice chancellor for health policy and planning, Health Sciences; professor, Graduate School of Public Health; director, Health Policy Institute: $621,541
David Almodovar, managing director of investments, CFO’s office: $615,254
Dan Fisher, head volleyball coach: $614,923
Steven Reis, associate vice chancellor for clinical research and director, Clinical and Translational Science Institute: $614,000
Angela Gronenborn, professor and chair, Department of Structural Biology: $613,066
Peter Strick, professor and chair, neurobiology: $586,455
Jonathan Silverstein, chief research informatics officer, Health Sciences and Institute for Precision Medicine: $575,844
Bernard Costello, former dean of the School of Dental Medicine until September 2022 when he became associate vice chancellor for health science integration: $575,000
*Mark Geraci, associate vice chancellor for interdisciplinary research, Health Sciences: $550,00
*David Borbely, former Pitt football offensive line coach, until January 2024: $539,604
Lise Vesterlund, professor of economics: $537,500
Mark Jay Shlomchik, professor and former chair, Department of Immunology: $527,673
Ivet Bahar, former professor and chair, Computational & Systems Biology Department, School of Medicine, who left Pitt in January 2023: $522,921
Mike Bell, head baseball coach: $503,337
Family connections
The IRS requires institutions to report financial information on employees or companies doing business with Pitt who are related to senior officers, trustees or highest-paid employees.
Receiving compensation from Pitt in 2022-23 were:
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Neal Becker, former senior lecturer in economics, family member of former Provost Ann Cudd: $130,700
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Allegheny Strategy Partners, a public affairs and business development firm co-founded by Nicholas Varischetti, family member of Board of Trustees member Peter Varischetti: $129,020
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Sean Gallagher, family member of former Chancellor Patrick Gallagher: $102,765
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Dave Hickton, founding director, Pitt Cyber, family member of Board of Trustees member Dawne Hickson: $368,597
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Peyton Kondis, coordinator for Culturally Responsive Care, Division of Student Affairs, family member of Board of Trustees member S. Jeffrey Kondis: $58,716
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John Pelusi, former associate athletic director (until July 2023), family member of Trustee John H. Pelusi: $104,187
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Norman Wolmark, professor of surgery, family member of Trustee Eva Tansky Blum: $172,648
Susan Jones is editor of the University Times. Reach her at suejones@pitt.edu or 724-244-4042.
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