Categories: General

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
Laura Waters

View Comments

  • 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.
    business valuation San Francisco

Recent Posts

BREAKING: Statement from JerseyCAN on State’s Long-Delayed Release of Student Test Results

This is a statement by Paula White, Executive Director of JerseyCAN, on the New Jersey…

2 years ago

NJEA: Murphy’s Elimination of Teacher Performance Test Is a Major Win for Students and Educators

This is a press release. Earlier today, Gov. Phil Murphy signed a bill to eliminate…

2 years ago

Murphy Signs Bill Eliminating EdTPA Test for Teacher Certification

Today Gov. Phil Murphy signed Senate Bill 896, which prohibits the New Jersey Department of…

2 years ago

LILLEY: Blue States Had More School Closures and More Learning Loss — Just Like NJ under Gov. Murphy

The 74 conducted a study of the relative learning loss in Democratic (Blue) and Republican (Red) states and…

2 years ago

One of Newark Superintendent’s New High Schools Tolerates Racism Against Black Students

In October 2020 Newark Superintendent Roger Leon announced with great fanfare the opening of district’s…

2 years ago