Page joined the University in August 2018 and will work closely with the chancellor and senior administration to cultivate a campus community that embraces the values of equity, diversity and inclusion. His salary as chancellor was over $2.2 million. David Posch, CEO of Vanderbilt University Adult Hospital and Clinics and executive director for the Vanderbilt Medical Group, has been named to the newly created position of associate vice chancellor for Population Health. To read supplemental information on these benefits, go to Form 990, Schedule J, Part III. FILE - In this Oct. 31, 2020, file photo, Vanderbilt head coach Derek Mason looks on from the sideline during an NCAA college football game against Mississippi in Nashville, Tenn. Vanderbilt â¦ For example, David Williams II, vice chancellor for university affairs and general counsel, earned $1,339,968 from the retirement planâalmost twice as much as he earned from his base salary. Vanderbilt University pays its employees an average of $64,184 a year. The numbers, which resulted in part from large retention bonuses paid to top administrators, are unprecedented. In Louisiana, nine of the top 10 highest-paid public university leaders served $117,653 in tuition assistance was provided to three interested persons (typically relatives of officers or employees). Vanderbilt University is one of the top private universities in the South and in the USA. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. Zeppos was named Vanderbilt Universityâs eighth chancellor on March 1, 2008, after serving for seven months as interim chancellor. He said heâs looking forward to building on the programâs history and thanked Turner and Vanderbilt Chancellor Nicholas Zeppos for giving him this opportunity. Vanderbilt University's search for its next chancellor has intensified, after Chancellor Nicholas Zeppos said goodbye to the role he's held for more than a decade.. At Vanderbilt, that âsomethingâ was a leadership transition. Salaries posted anonymously by Vanderbilt University Medical Center employees. Executive Compensation at the National Pork Producers Council, Executive Compensation at Sentara Hospitals, Executive Compensation at Sentara Healthcare, $2,721,834: Â Derek Mason, BS, Head Football Coach, $2,261,761: Â Kevin E Stallings, MS, Head Mens Basketball Coach, $1,967,806: Â Jeffrey R Balser, MD, PhD, VC for Health Affairs, Dean, School of Med, $1,939,305: Â Paul A Thomas, MD, Assoc Prof of Clinical Orthopedic Surgery, $1,821,566: Â Anders W Hall, MBA, VC for Investments, Chief Investment Officer, $1,618,461: Â Charles W Pinson, MD, MBA, DVC for Health Affairs, Sr Assoc Dean, $1,581,099: Â Nicholas S Zeppos, JD, Chancellor, $1,556,921: Â Michael J McNamara, MD, Assoc Prof of Orthopedics, Surgery, and Rehabilitation, $1,413,017: Â Todd R Worth, MD, Asst Professor of Orthopedic Surgery, $1,193,193: Â Brett C Sweet, MBA, VC for Finance and CFO, $1,062,693: Â David Williams, II, MBA, JD, LLM, VC for Athletics, $ Â 997,015: Â John M Lutz, AB, VC for IT, $ Â 942,452: Â John F Manning, Jr, PhD, MBA, AVC for Health Aff, Chief Admin Officer, Sr Assoc Dean, $ Â 858,137: Â David R Posch, EVP, Population Health, $ Â 793,119: Â Audrey Jane Anderson, JD, VC, General Counsel, and University Secretary, $ Â 786,685: Â Susan Wente, PhD, Provost and VC for Academic Affairs and Prof of Biology, $ Â 729,724: Â Charles L Gregory, MA, MBA, MHA,Chief Bus Dev Off, Asst VC/CEO Children’s Hosp, $ Â 640,106: Â Richard C McCarty, MS, PhD, Former Provost, Current Professor of Psychology, $ Â 630,807: Â Mitchell Edgeworth, MBA, CEO, Vanderbilt U Hospital and Clinics, $ Â 605,360: Â Susie S Stalcup, BBA, CFP, Vice Chancellor for Development and Alumni Relations, $ Â 497,378: Â Eric C Kopstain, MBA, Vice Chancellor for Administration, $ Â 455,008: Â Beth A Fortune, MA, Vice Chancellor for Public Affairs. The average graduate at Vanderbilt earns about $62,600 annually within five years, according to PayScale. Cornelius Vanderbilt had made around $1000 in the first year of his shipping business. An internationally renowned political scientist and management scholar, Daniel Diermeier is the ninth chancellor of Vanderbilt University. Where Does $100 to the American Breast Cancer Foundation Go? When the former chancellor, E. Gordon Gee, left for a second term as president at Ohio State University in 2007, Vanderbilt wanted to be sure he didnât take his team with him. Fortune, Vanderbiltâs vice chancellor for public affairs, in a written statement. In 2009, he donated a $200,531 bonus and his $20,053 raise to scholarship funds. All four employees who earned $2-million or more were high-level administrators, even though the employees with the largest base salariesâwith one exceptionâwere not. He is also a member of Alpha Phi Alpha and was initiated into the fraternityâs Mu Zeta chapter. Vanderbilt University salaries are collected from government agencies and companies. The top 14 most highly compensated individuals were men who received $800,000 – $2,700,000. The next largest expense categories were grants ($333 million – mostly for student financial assistance) followed by $175 million on office-related expenses (occupancy, IT, office, insurance). In 2016, Vanderbilt Chancellor Nicholas S. Zeppos was credited with $4.3 million in total compensation, including a $2.9 million bonus. Before this role, Turner served as the president of the NBA G League. Gee's base salary was $802,125, with a total compensation package of $1.6 million. According to Vanderbiltâs tax filing, all four received distributions from the universityâs supplemental executive retirement plan, which provides benefits to âa select group of highly compensated employees as a retention strategy.â These distributions were substantial. Diermeier is a fellow of the American Academy of Arts and Sciences, the Guggenheim Foundation and the Canadian Institute of Advanced Research. In the previous reporting year, relatively few colleges nationwide had more than one employee who earned more than $1-million, and the largest number of million-dollar employees at any one university was sevenâalso at Vanderbilt. âNormally you donât see seven figures below the president, and when you do thatâs an indication somethingâs going on,â said Raymond D. Cotton, a Washington-based lawyer who specializes in compensation. The Internal Revenue Service has revised its 990 tax form and now asks more questions about compensation and indicates much more clearly when and how pay must be reported. But at Vanderbilt, they were spread across the campus: Four of the 10 employees earning more than $1-million worked at the medical center, two were coaches, and four were administrators. âAs a result of keeping a talented and skilled management team largely intact during a leadership transition,â Ms. Fortune said, âVanderbilt has continued to make great strides.â. Currently, Gloria Vanderbilt is a descendant of Vanderbilt family. Vanderbilt reported spending about $100 million more than revenue in 2016. Vandy pays an SEC salary and to this point has accepted below average results. $94,013 in education assistance was provided to four employees, dependents, or family members. Seven people earned more than $1-million at Cornell University in 2008, but all were doctors or administrators at the Weill Cornell Medical College, in New York City. A free inside look at Vanderbilt University Medical Center salary trends based on 1901 salaries wages for 672 jobs at Vanderbilt University Medical Center. SUBSCRIBE NOW As low as $3 for 3 months. Vanderbilt's liberal arts, humanities, and education programs are also strong. Costs for the buy-up depend on your annual salary. There are federal and state laws that regulate wage and hour issues including child labor, minimum wage, overtime pay and record-keeping. Speculation has been going around the Vanderbilt community that things inside McGugin Center were not good. But the university's announcement that annual merit salary increases would be ... the interim chancellor and provost of Vanderbilt, that also described a freeze in merit salary increases. In 2016, Vanderbilt reported $1.3 billion in total revenue, $952 million of which came from program service revenue (i.e. Vanderbilt University isnât afraid to pay to get what it wants: Ten of its employees earned more than $1-million in 2008, and four of those employees broke the $2-million mark, according to the universityâs most recent tax filing. Vanderbilt University average salary is $-, median salary is $- with a salary range from $- to $-. To read the IRS Form 990 (2015), click here. âIf thatâs what it takes when there is a competitive hiring environment to keep somebody, then thatâs what it takes,â Ms. Paschal said. The average salary for public college presidents in the U.S. was $501,398 last year, according to the Chronicle. The base portion pays 66 and 2/3% of your weekly wages on the first $24,000 of annual base salary after a two-week waiting period (14 calendar days). Post was not sent - check your email addresses! Tons of great salary information on Indeed.com Where Does $100 to Samaritan’s Purse Go (2019)? $165,812 in employment compensation was given to Gary Robert Kimball, family member of trustee, Carroll E Kimball. In the universityâs eyes, the plan has worked. Cynthia B. Paschal, who served as chair of Vanderbiltâs Faculty Senate until June 30, said the topic of executive compensation was not often discussed among the faculty. He expects that to continue with a salary between $3 and $4 million for the new coach. A. A visionary leader and lifelong academic, Daniel Diermeier is dedicated to advancing Vanderbiltâs mission and values at every level across the universityâs ten schools and colleges. Where does your $1 to St. Jude Children's Research Hospital Go? Vanderbilt University Community Service Officer in Nashville, TN makes about $15.00 per hour. To some extent, new federal reporting requirements underlie the apparent jump in compensation. Faculty leaders, too, say they understand the reason for the unusually high compensation numbers. 1 on the list at $3,239,678. Enter your email address to follow this blog and receive notifications of new posts by email. Even so, Vanderbiltâs compensation numbers stand out. He was the first Vanderbilt coach since the 1920 ... salary are not public because Vanderbilt is a private university. Human Resources is responsible for determining which job classifications are exempt and non-exempt. Vice Chancellor and Chief Diversity Officer James Page, Jr. Most of the money those four administrators received was in bonuses, incentive pay, and what the IRS calls âother reportable compensation,â which includes stock options, employer-provided automobiles and housing, and contributions to nonqualified retirement plans. Vanderbilt University salary statistics is not exclusive and is for reference only. Addresses USAC. Meet Chancellor Diermeier. The two most highly compensated individuals are coaches for sports. $59,529 in employment compensation was given to Stacy McCarty, family member of former officer, Â Richard McCarty. Building a Versatile Work Force for the Pandemic Era. The remaining revenue – about $14 million (which equates to less than 1% return on the $6 billion in net fund assets) – came from investment income while $33 million came from Â royalties, rental income, and the sale of assets. In 2013, Gee earned $6,057,615 from Ohio State University. USA Today did a study Wednesday of athletic director salaries at the 124 FBS schools. Indeed.com estimated this salary based on data from 10 employees, users and past and present job ads. According to Mr. Cotton, the number of college presidents reaching retirement age is significantly larger than the number of qualified candidates, and institutions may need to shell out large sums for top-tier leaders. The IRS Form 990 offers no explanation explaining this discrepancy. New University of Vanderbilt Chancellor Daniel Diermeier has embraced the challenge of leading the university in the midst of the pandemic. âThe compensation for executives that year reflects the strategic decision of the Board of Trust to offer additional incentives to keep the universityâs management team in place,â said Beth A. Each salary is associated with a real job position. Executive Compensation at St. Jude's (2018), $19 a Month to St. Jude's: How Much Goes to the Kids, Executive Compensation at Save the Children. Â In addition, Vanderbilt paid for health or social club dues but it is unclear what the amount is. Those rumors now have come true with the resignation of Malcolm Turner as athletic director. The Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016) reported 3,721 individuals received more than $100,000 in compensation, with the 22 most highly compensated individuals (note: Â titles are quite lengthy so they have been shortened where VC = Vice Chancellor, DVC=Deputy Vice Chancellor) listed below: Of the 22 individuals listed above, 18 (82%) are men, while 4 (18% are women). The answer: tuition dollars are supporting a huge education machine where, in the case of Vanderbilt, nearly half of the total expenses ($640 million out of $1.4 billion in expenses, not including depreciation) are compensation-related costs for the 37,165 employees in 2016 (an average of $17,000 per employee – compare this to $75,000 at Yale, $68,000 at Penn and $64,000 at Princeton) although the prior year, it is interesting to note, $2.3 billion was used to compensate 36,272 individuals, which equates to an average of $64,000 – more in line with the industry averages above. In 1877, Vanderbilt familyâs net worth was gigantic and approximated to be around $200 million. In addition, the university posted a nearly $200 million charge to net assets from “discontinued operations” (no detail provided) and a $236 million reduction in net assets due to a net unrealized loss on investments to end the year with $5.4 billion compared to $6 billion at the end of the previous year. Some professors, she said, get outraged over high pay, but most arenât as concerned. tuition, room and board, etc) and $326 million from contributions (including $194 million from government grants). According to the Center for Responsive Politics, Zeppos has contributed nearly $70,000 to Democrats, including Barack Obama and Elizabeth Warren, but has contributed also to Republicans including Bob Corker, Rick Perry, and Lamar Alexander. Exempt employees are not entitled to overtime pay or compensatory time. Seven-figure salaries could become more common in higher education as colleges try to attract top talent. Malcolm Turner is an American athletics administrator and a former Vice Chancellor for Athletics and University Affairs and Athletic Director at Vanderbilt University. $ 630,807: Mitchell Edgeworth, MBA, CEO, Vanderbilt U Hospital and Clinics $ 605,360: Susie S Stalcup, BBA, CFP, Vice Chancellor for Development and Alumni Relations $ 497,378: Eric C Kopstain, MBA, Vice Chancellor for Administration $ 455,008: Beth A Fortune, MA, Vice Chancellor â¦ Ruby Shellaway, vice chancellor, general counsel and university secretary (Vanderbilt University) Ruby Z. Shellaway, an experienced attorney who has â¦ "Vanderbilt has plenty of money, but itâs not all going to football," Simmons said. Salaries at Vanderbilt University range from an average of $40,596 to $105,071 a year. To entice high-level administrators to stick around with the newly promoted chancellor, Nicholas S. Zeppos, the universityâs governing board devised a retention plan. Baked Basmati Rice with Leeks and White Beans, Executive Compensation at Samaritan’s Purse (2019). Born in Berlin, Germany, Diermeier is a first-generation college graduate who most recently served as the Provost at the University of Chicago. In 1877, Cornelius Vanderbilt was the richest man in America. Â At nearly $70,000 a year for tuition, room, and board, Vanderbilt’s fees are right in line with other top private colleges and, yet people still wonder why a 4-year education at Vanderbilt costs nearly $300,000? Exempt status is based on the duties and responsibilities of an individual position, the required educational level and the salary received. Vanderbilt reports on the Form 990 that the university paid for first class or charter travel and travel for companions but it is unclear how much of the $24 million was spent on these benefits. According to the study, Vanderbilt's David Williams was far and away No. Vanderbilt Chancellor Nicholas S. Zeppos earned $1.33 million, according to the return, while the vice chancellor for health, Jeffrey Balser earned $1.5 million. STDI provides a no-cost base coverage, which is paid for by Vanderbilt, and buy-up coverage, which is paid for by the employee. Chancellor Daniel Diermeier Biography. The 2008 tax forms also require that compensation figures be reported based on the calendar year, not the fiscal year, which makes it difficult to compare 2008 pay levels to previous years. At some other universities, the top earners were concentrated in athletics. When the former chancellor, E. Gordon Gee, left for a second term as president at Ohio State University in 2007, Vanderbilt wanted to be sure he didnât take his team with him. What do you think? Chancellor Faculty Fellow, 2019-21 Faculty Co-director, LL.M. He joined the Vanderbilt faculty in â¦ Lee said she has support with new chancellor Daniel Diermeier a partner in the search as Vanderbilt works to show its commitment to trying to win in athletics, especially football. A free inside look at Vanderbilt University salary trends based on 2623 salaries wages for 579 jobs at Vanderbilt University. âHaving a good president is so important to a university like Vanderbilt that itâs worth its weight in gold,â he said. I am quietly optimistic that Chancellor Diermeier gets it, so I think we MAY be seeing some changes for the better in terms of a financial committment. ... are in good hands with Chancellor â¦ He returned to Vanderbilt in 1998, was appointed chair of the Department of Anesthesiology in 2001, and became VUMCâs chief research officer in 2004. Vanderbilt Pros - Takes unlimited AP credit for engineering majors (so it would be easier to double major) - Costs around $20,000 a year - Attending as Chancellor's Scholar which would look nice on a resume - Not as stressful - Better food Cons - Not as good name recognition and â¦ $136,642 in employment compensation was given to Gail P Carr-Williams, family member of officer, David Williams, II. Sorry, your blog cannot share posts by email. ... Oh, yeah, and they fired the last guy (an alum!) Where Does $100 to Shriners Hospitals Go (2018)? Salaries posted anonymously by Vanderbilt University employees. Where Does $100 to Compassion International Go? $425,416 in employment compensation was given to Andrea Birch, family member of trustee, Adolpho Birch, III. The compensation numbers are evidence of that strategy. B. Nonexempt employees are entitled to overtime paâ¦ On June 4, 2013, Gee announced his retirement.