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Post by longsuffering on Nov 30, 2021 15:11:06 GMT -5
Players were involved in hiring coaches at HC in the past... Meeting with candidates for a discussion vs. holding a formal position on a hiring committee are two different things. Short of Sir Chesney, how many coaching hires of HC's high-profile sports are we celebrating today? Zippedy Doo Dah is the number. Although we're rooting for them all.
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Post by sader1970 on Nov 30, 2021 15:13:30 GMT -5
We'll find out soon enough as the 990's have a 2 year lag. You bring up anther good point, Fr. B and his Jesuit predecessors showed essentially no salary. Vince will be the first one for a president's salary/income to show up on that report . . . . in 2 years. I'd expect in addition to a salary that there will be an expense for housing.
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Post by KY Crusader 75 on Nov 30, 2021 15:18:17 GMT -5
I think Vince will break the six figure barrier in all likelihood....
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Post by sader1970 on Nov 30, 2021 15:25:23 GMT -5
Yeah, otherwise he wouldn't have left BC. The Nichols president who just left same time as Fr. B, made over $400K. Both schools are in Worcester county but suspect Holy Cross wants to pay more than Nichols that had an endowment of $21 million in fiscal year 2020. New Nichols president who came from Bryant as provost there probably doesn't make what his predecessor did. If I had to guess, Vince is making north of $600K.
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Post by KY Crusader 75 on Nov 30, 2021 15:31:18 GMT -5
I agree-at least $600K--and let's pray that he makes it look like a bargain buy
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Post by Tom on Nov 30, 2021 15:43:25 GMT -5
I'd expect in addition to a salary that there will be an expense for housing. School might buy a house and let him use it for free instead of granting a housing expense. I think that's common
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Post by sader1970 on Nov 30, 2021 15:45:48 GMT -5
It is but I thought they did not have a house yet for him and whether they do or not, whatever the cost is would be considered income for him and be reflected in the 990.
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Post by princetoncrusader on Nov 30, 2021 15:48:55 GMT -5
I heard from a reliable source that he is leasing a house with an option to buy near the WPI campus.
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Post by Pakachoag Phreek on Nov 30, 2021 16:20:45 GMT -5
I heard from a reliable source that he is leasing a house with an option to buy near the WPI campus. IIRC, soimeone posted here that it is in the Elm Park neighborhood.
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Post by timholycross on Nov 30, 2021 20:30:48 GMT -5
I'd expect in addition to a salary that there will be an expense for housing. School might buy a house and let him use it for free instead of granting a housing expense. I think that's common He's got a fantastic house in Weston already, unless BC owned it. I guess you can beat it in some other town and let him sell that one. In any event, that Weston home is not for sale and has not created a sale transaction since 2012.
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Post by sader1970 on Nov 30, 2021 20:39:15 GMT -5
I believe it is S.O.P. for major colleges and universities to have a president's residence (I know Brown has one) for them to live in while in that position. I believe they are not charged for living there but the value is taxable as in-kind compensation. Nichols in Dudley has a presidential residence as well.
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Post by Crucis#1 on Nov 30, 2021 21:34:46 GMT -5
Two points of observation:
President R., and the college may want to show involvement with Worcester community by living in the city. Establishing of a strong town and gown relationship should be a priority given several contentious issues over the last 20 years.
Another option for President housing would be to construct a residence on property that the college owns in West Boylston at the Joyce Contemplative Center on Goodale Street.
Phreek or others may know if there are restrictions on the West Boylston property that would prohibit additional construction of a single family home.
Along with the new Jesuit residence, Holy Cross could be a developer of new housing off campus.
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Post by Pakachoag Phreek on Nov 30, 2021 21:42:50 GMT -5
Two points of observation: President R., and the college may want to show involvement with Worcester community by living in the city. Establishing of a strong town and gown relationship should be a priority given several contentious issues over the last 20 years. Another option for President housing would be to construct a residence on property that the college owns in West Boylston at the Joyce Contemplative Center on Goodale Street. Phreek or others may know if there are restrictions on the West Boylston property that would prohibit additional construction of a single family home. Along with the new Jesuit residence, Holy Cross could be a developer of new housing off campus. HC bought the West Boylston property from the former President of Becker, and demolished the house, the pool, the cabana. It may have kept an outbuilding shed/barn/garage. If the college wanted to spend $750,000 or so, they could convert 34 College St. into a President's House. The crew of This Old House could be hired, with PBS helping defray the cost. (The host of This Old House is a HC graduate.)
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Post by Crucis#1 on Nov 30, 2021 22:10:36 GMT -5
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Post by Tom on Nov 30, 2021 22:25:40 GMT -5
Two points of observation: President R., and the college may want to show involvement with Worcester community by living in the city. Establishing of a strong town and gown relationship should be a priority given several contentious issues over the last 20 years. Another option for President housing would be to construct a residence on property that the college owns in West Boylston at the Joyce Contemplative Center on Goodale Street. Phreek or others may know if there are restrictions on the West Boylston property that would prohibit additional construction of a single family home. Along with the new Jesuit residence, Holy Cross could be a developer of new housing off campus. I think there is a house in Worcester. I don't if he is paying the mortgage or the school is.
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Post by bfoley82 on Nov 30, 2021 23:42:43 GMT -5
I believe it is S.O.P. for major colleges and universities to have a president's residence (I know Brown has one) for them to live in while in that position. I believe they are not charged for living there but the value is taxable as in-kind compensation. Nichols in Dudley has a presidential residence as well. UNH also has one on campus
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Post by bfoley82 on Nov 30, 2021 23:48:59 GMT -5
I believe it is S.O.P. for major colleges and universities to have a president's residence (I know Brown has one) for them to live in while in that position. I believe they are not charged for living there but the value is taxable as in-kind compensation. Nichols in Dudley has a presidential residence as well. That president at Nichols is WELL known to be involved in Athletics. He was actually in the students section during their exhibition game against Bryant earlier this year for the ENTIRE game. Bryant had a court side seat for him and he refused it to be with the student body.
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Post by sader1970 on Dec 1, 2021 7:38:44 GMT -5
Glenn, having come from provost of Bryant to president of Nichols, I’d expect nothing less than his attendance at the game. Sort of like Vince staying to watch a BC-HC game. Should we assume you took that picture of Glenn? Edit: see it’s on his Twitter so maybe you aren’t the photographer? Looks like a selfie. Guarantee his predecessor at Nichols wouldn't/couldn't do a selfie and neither would Fr. B. Not sure yet about Vince.
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Post by alum on Dec 1, 2021 9:20:59 GMT -5
A quick search tells us that the test for whether a president's residence is a nontaxable benefit to him or her is as follows: 1.Lodging must be furnished on an employer's business premises, 2. It must be furnished for the employer's convenience; 3. The employee must accept it as a condition of employment." www.cpapracticeadvisor.com/tax-compliance/news/11573986/irs-says-university-presidents-house-is-taxableIt appears that the IRS is pretty strict about this and one of the questions may be whether or not the residence is physically on campus. If the fair market value of a rental of a presidential quality residence is $8000 per month or almost $100,000 per year, the tax bill to the president would be in the range of $45-$50K which could be considered in setting the salary if the residence does not qualify as a nontaxable benefit under IRS rules.
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Post by sader1970 on Dec 1, 2021 9:41:14 GMT -5
The ones I am familiar with are Brown and Nichols. Unfortunately, both campuses are like Yale in that those campuses are not like what we are used to at Holy Cross in which the campus is clearly defined. Both Brown and Nichols are in the city of Providence and Dudley respectively and may or may not be considered on or off campus. Because the new Nichols president has a very large family, the current president residence may be too small and believe they are looking for a new place, kind of like Holy Cross needed a "new" place. But, we digress . . . . . . anyone one to get back on the new AD track?
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Post by KY Crusader 75 on Dec 1, 2021 10:57:02 GMT -5
Maybe we should bring this recent tangent into alignment with the main topic by discussing whether the new athletic director should be required to live with the president in his new residence?
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aaa8316
Crusader Century Club
Posts: 147
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Post by aaa8316 on Dec 1, 2021 12:15:29 GMT -5
The ones I am familiar with are Brown and Nichols. Unfortunately, both campuses are like Yale in that those campuses are not like what we are used to at Holy Cross in which the campus is clearly defined. Both Brown and Nichols are in the city of Providence and Dudley respectively and may or may not be considered on or off campus. Because the new Nichols president has a very large family, the current president residence may be too small and believe they are looking for a new place, kind of like Holy Cross needed a "new" place. But, we digress . . . . . . anyone one to get back on the new AD track? Me.
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Post by efg72 on Dec 1, 2021 13:43:06 GMT -5
Any noise coming out on the interviews?
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Post by longsuffering on Dec 1, 2021 15:02:22 GMT -5
I'm camped under the transom behind a potted plant. Nothing so far.😊
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Post by sader1970 on Dec 1, 2021 15:04:29 GMT -5
"Transom" a word I never heard until I went to Holy Cross and probably haven't heard twice since. Well, 3 times now that LS has just used it.
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