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Post by GlitterBro #2 on Apr 26, 2021 15:35:14 GMT -5
Can you do this sort of analysis without expenses included? $500MM in revenue is great against $450MM in expenses and horrific against $700MM. You can pull that easily with the link I posted. Just search for the school you want. Most of the years before 2019 have a snapshot of exactly that without needed to dive into the forms. I'll pick a couple for 2019: La Salle - $162.2M on $163.0M of expenses St. Joe's - $321.3M on $309.3M of expenses Bonnies - $102.1M on $93.5M of expenses Duquesne - $507.3M on $420.8M of expenses If I get time on my hands, I may breakdown the revenue by how much is tuition vs room and board vs other. That's in the worksheets available. Maybe do the Catholic MAAC schools too for laughs. Funny thing about 2019 - La Salle was $792,301 overspent...and coincidentally was paying G $787,694 in buyout while also paying Ash's salary.
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Post by roaddog77 on Apr 26, 2021 18:33:10 GMT -5
That was excellent work by GlitterBro#2 on the data chart, but someone on the board please explain how can St.Joe's, St.Louis and Fordham have more endowment than us in the seven years. LaSalle and St.Joe's may have the same student enrollment and St.Joe's double our endowment .Fordham basketball program (men and women) is the doormat of the A10, but their endowment is 10x more than us. In my opinion, it two reason why the endowment at LaSalle is lower than St.Joe's and Fordham. First reason is than St.Joe's and Fordham have more corporation and millionaire donor than us. Second and last reason is than someone at LaSalle is stealing the money or cooking the book (LOL). If anyone on the board have better answer please answer.
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Post by JoeFedorowicz on Apr 26, 2021 19:07:36 GMT -5
Nutrisystem money for St Joe’s and New York Law School for Fordham.
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Post by Happy Fortune on Apr 26, 2021 19:54:42 GMT -5
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MisterD
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Post by MisterD on Apr 26, 2021 21:00:33 GMT -5
Or she took Xavier job because it’s a better job with more money. Orrrrrrr ... all of Xavier’s leadership is reading this board now in a total panic having not considered looking at La Salle’s metrics against some A-10 comps.
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Post by 23won on Apr 26, 2021 21:17:19 GMT -5
SLU and Fordham are far different as I said in an earlier post. There is no comparison. Corporations are not benefactors. Successful alums give. Fordham is a hoops doormat but an incredible school. Same with SLU - it pulls students like Nova but from their geographic area. Pretty girls and rich kids. Nothing wrong with that. Just ain’t 20th and Olney.
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Post by thelasallelunatic on Apr 27, 2021 6:37:54 GMT -5
La Salle represented well in the hot females department, at least 15 years ago they did. It wasn't Oregon Ducks or Arizona Wildcats well, but it wasn't U Penn or Lehigh bad either. We held our own.
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Post by GlitterBro #2 on Apr 27, 2021 8:58:28 GMT -5
Or she took Xavier job because it’s a better job with more money. Orrrrrrr ... all of Xavier’s leadership is reading this board now in a total panic having not considered looking at La Salle’s metrics against some A-10 comps. Maybe they were looking for someone with a proven track record of lowering revenue from $211M to $162M and endowment from $88M to $80M while simultaneously watching donations decline.
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Post by JoeFedorowicz on Apr 27, 2021 9:20:34 GMT -5
Fun fact. La Salle and Xavier have the exact same number of board of trustees seats. La Salle has nine christian brothers where they have five jesuit priests (of 37 seats).
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Post by GlitterBro #2 on Apr 27, 2021 9:32:15 GMT -5
Fun fact. La Salle and Xavier have the exact same number of board of trustees seats. La Salle has nine christian brothers where they have five jesuit priests (of 37 seats). They also put their financial statements openly on their website. Very into transparency. www.xavier.edu/financial-administration/financial-reportsIf you've noticed, we've become less transparent of late, not publishing the annual financial report any more in the Alumni Magazine.
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Post by calsufan on Apr 27, 2021 9:33:54 GMT -5
Orrrrrrr ... all of Xavier’s leadership is reading this board now in a total panic having not considered looking at La Salle’s metrics against some A-10 comps. Maybe they were looking for someone with a proven track record of lowering revenue from $211M to $162M and endowment from $88M to $80M while simultaneously watching donations decline. Thank god it's not personal with you. Talk about mean spirited. Of course you'll excuse this away, but my god, now you're just being a jerk.
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Post by GlitterBro #2 on Apr 27, 2021 9:38:55 GMT -5
Maybe they were looking for someone with a proven track record of lowering revenue from $211M to $162M and endowment from $88M to $80M while simultaneously watching donations decline. Thank god it's not personal with you. Talk about mean spirited. Of course you'll excuse this away, but my god, now you're just being a jerk. Um...not really. These are facts dude, as you see from the table. Revenue down 23% in those years while other schools grew. Endowment down 10% while other schools grew. Not sure how much more objective things can be? I guess only MisterD is allowed to post snark?
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MisterD
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Post by MisterD on Apr 27, 2021 9:43:10 GMT -5
Some things are better left to the experts.
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Post by JoeFedorowicz on Apr 27, 2021 9:47:49 GMT -5
Fun fact. La Salle and Xavier have the exact same number of board of trustees seats. La Salle has nine christian brothers where they have five jesuit priests (of 37 seats). Perhaps this is the norm, but the non-brothers board seats are super finance/consulting heavy. Like 40% of non-brothers seats. Would think money would be easier to find.
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Post by jellybean on Apr 27, 2021 10:07:41 GMT -5
Nutrisystem money for St Joe’s and New York Law School for Fordham. Incorrect on Nutrisystems money. Hagan has the largest gift to the arena not the endowment.
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Post by JoeFedorowicz on Apr 27, 2021 10:29:55 GMT -5
Nutrisystem money for St Joe’s and New York Law School for Fordham. Incorrect on Nutrisystems money. Hagan has the largest gift to the arena not the endowment. You're right, should have said Philadelphia Insurance monies. (James Maguire gave 50M)
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Post by explorerburger on Apr 27, 2021 10:50:56 GMT -5
Fun fact. La Salle and Xavier have the exact same number of board of trustees seats. La Salle has nine christian brothers where they have five jesuit priests (of 37 seats). Perhaps this is the norm, but the non-brothers board seats are super finance/consulting heavy. Like 40% of non-brothers seats. Would think money would be easier to find. Yeah, I have been poking around on that page for a week now, trying to figure out what the narrative is: where exactly is the school trying to muscle up? Lots of finance. Some real estate. And a whole bunch of.....consultants. I've got nothing.
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Post by JoeFedorowicz on Apr 27, 2021 12:38:53 GMT -5
One HR guy. Hi Steve.
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Post by gymrat67 on Apr 27, 2021 13:00:48 GMT -5
Incorrect on Nutrisystems money. Hagan has the largest gift to the arena not the endowment. You're right, should have said Philadelphia Insurance monies. (James Maguire gave 50M) Mr. and Mrs. Maguire ( Phila. Ins. Cos. ) / Maguire Foundation : $75 million ( to date ) ; Mr. and Mrs. Mike Hagan ( Internet Capital Group; VerticalNet ; NutriSystem ) : $20 million ; Brian Dupperault ( ACE Ins. Cos.) : $20 million.
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Post by calsufan on Apr 27, 2021 14:48:42 GMT -5
Thank god it's not personal with you. Talk about mean spirited. Of course you'll excuse this away, but my god, now you're just being a jerk. Um...not really. These are facts dude, as you see from the table. Revenue down 23% in those years while other schools grew. Endowment down 10% while other schools grew. Not sure how much more objective things can be? I guess only MisterD is allowed to post snark? Dude? Lol. Yeah, okay. And as far as posting snark, no, he doesn't have the corner on it. You do it all of the time. I do as well, so do many other posters. But this is different. You have a personal ax to grind that you'll never come clean on. She either hurt your feelings or maybe your kids didn't get the tuition break you thought they should have. I don't know what it is, but I'm guessing there's something there because you're relentless attacks on her are something else. Decide if you're happy to see her go or pissed off that she left. You can't have it both ways even though you seem to be playing all angles here to tear her down. Frankly I don't know enough to say that she did a good job, a mediocre job or a crappy job, but your constant bashing every single chance you get is just ridiculous. Facts or not, I think you're doing it because it's personal for you.
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Post by GlitterBro #2 on Apr 27, 2021 16:20:03 GMT -5
Um...not really. These are facts dude, as you see from the table. Revenue down 23% in those years while other schools grew. Endowment down 10% while other schools grew. Not sure how much more objective things can be? I guess only MisterD is allowed to post snark? Dude? Lol. Yeah, okay. And as far as posting snark, no, he doesn't have the corner on it. You do it all of the time. I do as well, so do many other posters. But this is different. You have a personal ax to grind that you'll never come clean on. She either hurt your feelings or maybe your kids didn't get the tuition break you thought they should have. I don't know what it is, but I'm guessing there's something there because you're relentless attacks on her are something else. Decide if you're happy to see her go or pissed off that she left. You can't have it both ways even though you seem to be playing all angles here to tear her down. Frankly I don't know enough to say that she did a good job, a mediocre job or a crappy job, but your constant bashing every single chance you get is just ridiculous. Facts or not, I think you're doing it because it's personal for you. Dude...here's the deal. Think of her as a CEO of a company...in this case La Salle University corporation. A company we have ALL invested in with our time, our financial support, or whatever metric you wish to choose to measure investment. Now...when you see financial results like were showed with those data tables, while simultaneously hearing a BoT or others praise the job that CEO has done, I think it's OK to be a bit skeptical and say..."hey...wait a minute...this was bad on a number of levels." That you see those results and still insist you don't know enough to say what kind of job she did tells me you just can't be objective, or never learned to read financial statements...or maybe both. I'm not sure how it is "bashing" to objectively point out a decline in revenue, endowments, and donations during that CEO's tenure. I'm happy to see her go. I think she was bad for the school in a number of areas...not the least of which being the objective financial results she produced that we are able to publicly see from 2016 to 2019. I have no personal animosity toward her...but objectively she was not a good steward of our investments, and extending her contract with those financial results makes the BoT look like an absolute joke of a Board. (And since you bring up my kids, for the record my oldest got a full scholarship to La Salle and turned it down for a full at Villanova, and my daughter, while offered more percentage-wise from La Salle than Duquesne felt that Duquesne offered her a better faith-based education along with more activities and student involvement and financial stability during the pandemic.)
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Post by calsufan on Apr 27, 2021 16:25:15 GMT -5
So she hurt your feelings. Got it.
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Post by GlitterBro #2 on Apr 27, 2021 16:40:28 GMT -5
So she hurt your feelings. Got it. No. She hurt our endowment. She hurt our revenue. She hurt our donations. My feelings aren't in the financial statements. Objectively....her tenure as CEO hurt La Salle University, and if you cannot see that from the financials, I'm not sure what to say other than I have a lovely bridge and some swamp land in Florida to sell you.
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Post by theneumann64 on Apr 27, 2021 17:24:48 GMT -5
So she hurt your feelings. Got it. No. She hurt our endowment. She hurt our revenue. She hurt our donations. My feelings aren't in the financial statements. Objectively....her tenure as CEO hurt La Salle University, and if you cannot see that from the financials, I'm not sure what to say other than I have a lovely bridge and some swamp land in Florida to sell you. Yeah but then you throw in something like “some alums were put off by the political posturing” that does lead me (and others?) to believe there’s something more there than just looking at a balance sheet. You’re entitled to your opinions and to be honest I don’t think your kids should be invoked by others. You certainly lay out a case in hard numbers that supports your position so I have to commend you on that, but I still am firm in my belief that there’s a level of personal animosity there that’s driving a lot of this.
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Post by glorydays on Apr 27, 2021 17:41:19 GMT -5
Glitter, you send your kids to the college that is the best fit for them. I sent 3 sons to the University of Delaware. (I got an MBA there before most of our posters were born.) I ain’t apologizing to anybody.
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Post by GlitterBro #2 on Apr 27, 2021 19:31:06 GMT -5
No. She hurt our endowment. She hurt our revenue. She hurt our donations. My feelings aren't in the financial statements. Objectively....her tenure as CEO hurt La Salle University, and if you cannot see that from the financials, I'm not sure what to say other than I have a lovely bridge and some swamp land in Florida to sell you. Yeah but then you throw in something like “some alums were put off by the political posturing” that does lead me (and others?) to believe there’s something more there than just looking at a balance sheet. You’re entitled to your opinions and to be honest I don’t think your kids should be invoked by others. You certainly lay out a case in hard numbers that supports your position so I have to commend you on that, but I still am firm in my belief that there’s a level of personal animosity there that’s driving a lot of this. I know some donors who were put off by this posturing. Being on the Alumni Board, people would sometimes talk to me about things like this. Everyone is entitled to their political views, but when those views impact people wanting to give, it might be time to rethink how those views get expressed and how some can perceive them as off-putting. To paraphrase Michael Jordan, "Republicans donate too" So I have conversations where people have told me they didn't like how she seemed to push her personal agenda and it was causing them not to donate...and I see factually that donations dropped during a booming economy while comparator donations increased. Conclusive proof on a large scale? No. The numbers are the numbers...managerial accounting is about interpreting the numbers.
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Post by kinesiology on Apr 27, 2021 19:52:33 GMT -5
You ask the guy for facts and numbers to back up what you call his personal agenda against the President. He provides facts, comps, numbers galore. You tell him he has a personal agenda.
The majority of this board got a crush on Colleen when she came on this board and expressed (feigned) interest in your opinions and desires for the b-ball program.
Get over it. She broke up with you. Thank Glitter for providing facts and numbers that shine a light on the effectiveness of her tenure.
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Post by theneumann64 on Apr 27, 2021 20:31:25 GMT -5
I sincerely have no idea of anything that’s happened since she’s been President that could be interpreted as “political posturing” which is why I asked.
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MisterD
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Post by MisterD on Apr 27, 2021 20:41:51 GMT -5
Did you miss where she accepted the job as a woman?
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Post by big5explorer on Apr 27, 2021 20:52:53 GMT -5
I sincerely have no idea of anything that’s happened since she’s been President that could be interpreted as “political posturing” which is why I asked. Ok, i’ll bite. You mean aside from having a dog dorm that teaches students that all you need to get through the hardships of life is an emotional support animal?: www.fox29.com/news/first-lady-michelle-obama-speaking-at-la-salle-university
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