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

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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
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1 Comment

  • Joseph Russo, April 12, 2016 @ 11:15 am Reply

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