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$94,013 in education assistance was provided to four employees, dependents, or family members. STDI provides a no-cost base coverage, which is paid for by Vanderbilt, and buy-up coverage, which is paid for by the employee. Cynthia B. Paschal, who served as chair of Vanderbilt’s Faculty Senate until June 30, said the topic of executive compensation was not often discussed among the faculty. To read the IRS Form 990 (2015), click here. Diermeier is a fellow of the American Academy of Arts and Sciences, the Guggenheim Foundation and the Canadian Institute of Advanced Research. His salary as chancellor was over $2.2 million. $425,416 in employment compensation was given to Andrea Birch, family member of trustee, Adolpho Birch, III. For example, David Williams II, vice chancellor for university affairs and general counsel, earned $1,339,968 from the retirement plan—almost twice as much as he earned from his base salary. What do you think? Faculty leaders, too, say they understand the reason for the unusually high compensation numbers. A free inside look at Vanderbilt University Medical Center salary trends based on 1901 salaries wages for 672 jobs at Vanderbilt University Medical Center. 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 didn’t take his team with him. To some extent, new federal reporting requirements underlie the apparent jump in compensation. Building a Versatile Work Force for the Pandemic Era. B. Nonexempt employees are entitled to overtime pa… "Vanderbilt has plenty of money, but it’s not all going to football," Simmons said. Chancellor Faculty Fellow, 2019-21 Faculty Co-director, LL.M. Where Does $100 to Compassion International Go? USA Today did a study Wednesday of athletic director salaries at the 124 FBS schools. 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. 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. Exempt status is based on the duties and responsibilities of an individual position, the required educational level and the salary received. At some other universities, the top earners were concentrated in athletics. “Normally you don’t see seven figures below the president, and when you do that’s an indication something’s going on,” said Raymond D. Cotton, a Washington-based lawyer who specializes in compensation. “Having a good president is so important to a university like Vanderbilt that it’s worth its weight in gold,” he said. 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. The IRS Form 990 offers no explanation explaining this discrepancy. An internationally renowned political scientist and management scholar, Daniel Diermeier is the ninth chancellor of Vanderbilt University. Seven-figure salaries could become more common in higher education as colleges try to attract top talent. Where Does $100 to Shriners Hospitals Go (2018)? Executive Compensation at the National Pork Producers Council, Executive Compensation at Sentara Hospitals, Executive Compensation at Sentara Healthcare, $2,721,834:  Derek Mason, BS, Head Football Coach, $2,261,761:  Kevin E Stallings, MS, Head Mens Basketball Coach, $1,967,806:  Jeffrey R Balser, MD, PhD, VC for Health Affairs, Dean, School of Med, $1,939,305:  Paul A Thomas, MD, Assoc Prof of Clinical Orthopedic Surgery, $1,821,566:  Anders W Hall, MBA, VC for Investments, Chief Investment Officer, $1,618,461:  Charles W Pinson, MD, MBA, DVC for Health Affairs, Sr Assoc Dean, $1,581,099:  Nicholas S Zeppos, JD, Chancellor, $1,556,921:  Michael J McNamara, MD, Assoc Prof of Orthopedics, Surgery, and Rehabilitation, $1,413,017:  Todd R Worth, MD, Asst Professor of Orthopedic Surgery, $1,193,193:  Brett C Sweet, MBA, VC for Finance and CFO, $1,062,693:  David Williams, II, MBA, JD, LLM, VC for Athletics, $  997,015:  John M Lutz, AB, VC for IT, $  942,452:  John F Manning, Jr, PhD, MBA, AVC for Health Aff, Chief Admin Officer, Sr Assoc Dean, $  858,137:  David R Posch, EVP, Population Health, $  793,119:  Audrey Jane Anderson, JD, VC, General Counsel, and University Secretary, $  786,685:  Susan Wente, PhD, Provost and VC for Academic Affairs and Prof of Biology, $  729,724:  Charles L Gregory, MA, MBA, MHA,Chief Bus Dev Off, Asst VC/CEO Children’s Hosp, $  640,106:  Richard C McCarty, MS, PhD, Former Provost, Current Professor of Psychology, $  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 for Public Affairs. Salaries at Vanderbilt University range from an average of $40,596 to $105,071 a year. Tons of great salary information on Indeed.com In the university’s eyes, the plan has worked. 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 … Zeppos was named Vanderbilt University’s eighth chancellor on March 1, 2008, after serving for seven months as interim chancellor. Exempt employees are not entitled to overtime pay or compensatory time. Indeed.com estimated this salary based on data from 10 employees, users and past and present job ads. Vanderbilt University salary statistics is not exclusive and is for reference only. $165,812 in employment compensation was given to Gary Robert Kimball, family member of trustee, Carroll E Kimball. 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. He expects that to continue with a salary between $3 and $4 million for the new coach. The top 14 most highly compensated individuals were men who received $800,000 – $2,700,000. Where Does $100 to the American Breast Cancer Foundation Go? Currently, Gloria Vanderbilt is a descendant of Vanderbilt family. According to the study, Vanderbilt's David Williams was far and away No. 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.. Before this role, Turner served as the president of the NBA G League. $136,642 in employment compensation was given to Gail P Carr-Williams, family member of officer, David Williams, II. He is also a member of Alpha Phi Alpha and was initiated into the fraternity’s Mu Zeta chapter. In 2016, Vanderbilt Chancellor Nicholas S. Zeppos was credited with $4.3 million in total compensation, including a $2.9 million bonus. Sorry, your blog cannot share posts by email. A visionary leader and lifelong academic, Daniel Diermeier is dedicated to advancing Vanderbilt’s mission and values at every level across the university’s ten schools and colleges. $ 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 … He said he’s looking forward to building on the program’s history and thanked Turner and Vanderbilt Chancellor Nicholas Zeppos for giving him this opportunity. “The compensation for executives that year reflects the strategic decision of the Board of Trust to offer additional incentives to keep the university’s management team in place,” said Beth A. Most of the money those four administrators received was in bonuses, incentive pay, and what the IRS calls “other reportable compensation,” which includes stock options, employer-provided automobiles and housing, and contributions to nonqualified retirement plans. 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). He was the first Vanderbilt coach since the 1920 ... salary are not public because Vanderbilt is a private university. Post was not sent - check your email addresses! “If that’s what it takes when there is a competitive hiring environment to keep somebody, then that’s what it takes,” Ms. Paschal said. 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. Vanderbilt University salaries are collected from government agencies and companies.  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? An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. $117,653 in tuition assistance was provided to three interested persons (typically relatives of officers or employees). Born in Berlin, Germany, Diermeier is a first-generation college graduate who most recently served as the Provost at the University of Chicago. The two most highly compensated individuals are coaches for sports. On June 4, 2013, Gee announced his retirement. He joined the Vanderbilt faculty in … ... are in good hands with Chancellor … 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 … Vanderbilt reported spending about $100 million more than revenue in 2016. SUBSCRIBE NOW As low as $3 for 3 months. 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