The Maine Monitor has compiled the most recently available compensation of the highest earning employees at Maine’s private colleges and universities.
The data is based on each institution’s FY 2021 Form 990s recently released by the IRS and examined through the ProPublica Nonprofit Explorer.
The top three earners at each private institution were collected for the database, except in the cases of the Institute for Doctoral Studies in the Visual Arts, the Maine College of Art and the Landing School of Boat Building and Design which did not report three high earners.
Of note, Bowdoin College president Clayton Rose was the sixth-highest earner at the institution with a compensation of $312,048. Paula Volent, the highest earner at Bowdoin in FY 2021, left her position June 30, 2021 to accept a similar position at Rockefeller University.
Bowdoin’s Form 990 notes a large percentage of Volent and Niles Bryant’s pay was earned through bonuses and incentives, with Volent adding $2.3 million and Bryant adding $800,000 to their income. A spokesperson for the College declined to elaborate on what each employee had to meet in order to unlock that additional pay.