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THE ITHACAN
The Student News Site of Ithaca College

THE ITHACAN

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The national labor shortage and the “Great Resignation” have impacted colleges and universities across the country throughout the ongoing COVID-19 pandemic and created low levels of faculty, staff and administrative retention. 

Explainer: How IC is impacted by vacancies within finances and operations

By Noa Ran-Ressler, Assistant Photo Editor • November 1, 2023
As Ithaca College advertises for open positions in faculty, staff and administration and experiences high turnover rates, it is important to examine how the vacancies impact the college community, from students to senior leadership.
Disclaimer: the pay and raise are for explanation purposes only and do not reflect the actual compensation or raises of Ithaca Colleges employees. The graph is meant to simplify how raises are calculated into compensation.

Explained: Employee base compensation on calendar and fiscal year timelines

By Noa Ran-Ressler, Staff Writer • September 25, 2023
An employee’s base compensation refers to an employee’s compensation before including bonuses, employers’ contributions to retirement funds, benefits, expenses that the college spends on that employee or any additional form of pay.
Explained: ICs audited financial statement shows operating surplus

Explained: IC’s audited financial statement shows operating surplus

By Noa Ran-Ressler, Staff Writer • September 20, 2023
Besides the Form 990, one essential form for looking at a nonprofit’s finances is the audited financial statement. Each year, Ithaca College releases its statements for the previous fiscal year.
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