| Form 990, Part I, Line 1 Description of Organization Mission |
Vanderbilt University is a center for scholarly research, informed and creative teaching, and service to the community and society at large. Vanderbilt will uphold the highest standards and be a leader in the quest for new knowledge through scholarship, dissemination of knowledge through teaching and outreach, and creative experimentation of ideas and concepts. In pursuit of these goals, Vanderbilt values most highly the intellectual freedom that supports open inquiry and equality, compassion and excellence in all endeavors. |
| Form 990, Part III, Line 1 Description of Organization Mission |
See Disclosure Above. |
| Form 990, Part III, Line 4a Education |
Top-ranked in both academics and financial aid, Vanderbilt University ("Vanderbilt") offers an immersive residential undergraduate experience, with programs in the liberal arts and sciences, engineering, music, education and human development. Vanderbilt also is home to nationally and internationally recognized graduate schools of law, education, business, medicine, nursing and divinity, and offers robust graduate-degree programs across a range of academic disciplines. Vanderbilt's ten schools and colleges include: College of Arts and Science, Blair School of Music, Divinity School, School of Engineering, Graduate School, Law School, School of Medicine, School of Nursing, Owen Graduate School of Management, and Peabody College (of education and human development). Vanderbilt has approximately 7,100 undergraduate students, 6,500 graduate and professional students, and almost 4,800 faculty members including Vanderbilt University Medical Center faculty (Vanderbilt University Medical Center faculty are appointed by Vanderbilt but are employed by Vanderbilt University Medical Center). Vanderbilt ranked 14th among the nation's best universities in an annual survey conducted by U.S. News & World Report. Vanderbilt's Peabody College of education and human development was named the No. 4 graduate school of education in the nation by U.S. News & World Report. Vanderbilt's School of Nursing ranked 9th among the nation's top graduate nursing schools. The Doctor of Nursing Practice program was ranked 5th. Nursing programs ranking in the top five in the country in their respective fields include: Psychiatric-Mental Health Nurse Practitioner, Nurse-Midwifery, Adult Gerontology Acute Care, Adult Gerontology-Primary Care, Family Nurse Practitioner, and Pediatric Primary Care. Vanderbilt's School of Medicine ranked 18th for research schools of medicine in the nation, the Law School ranked 18th, the Vanderbilt School of Engineering ranked 39th, and the Owen Graduate School of Management ranked 23rd for graduate business schools. For more information regarding education at Vanderbilt, visit http://www.vanderbilt.edu. |
| Form 990, Part III, Line 4b Academic and Scientific Research |
Vanderbilt University ("Vanderbilt") is an internationally recognized research university. A majority of Vanderbilt's research funding is received from the federal government. Funding is also received from foundations, associations, corporations, and other sources. Vanderbilt's researchers are at the forefront of posing innovative solutions to some of the most challenging questions facing the world today. For more information regarding research at Vanderbilt, visit http://research.vanderbilt.edu |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons |
Brett Sweet, Candice Lee, and Malcolm Turner - Business relationship, John R. Ingram and Mark Wilf - Business relationship, Steve Ertel, Eric Kopstain and Brett Sweet - Business relationship, Suzanne McGee and Ross Perot Jr. - Family relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body |
The Form 990 is prepared by Vanderbilt University and provided to PricewaterhouseCoopers, Vanderbilt University's independent accounting firm for review. After review by PricewaterhouseCoopers, Vanderbilt University provides a draft copy of the Form 990 and all required schedules for review to all General Officers, which includes the Chancellor and Chief Financial Officer. Once this review process is complete, all trustees are provided electronic access to the draft Form 990 and all required schedules for review. The final Form 990 and all required schedules are made available to the full Board of Trust for review via Boardbooks prior to the filing of the return. |
| Form 990, Part VI, Line 12c Conflict of interest policy |
Vanderbilt University requires that for any faculty or staff member disclosing a potential conflict of interest, the conflict be reviewed by the individual's manager, as well as by the conflict of interest and commitment management office, and the reported conflict be managed, reduced, or eliminated. The manager is required to respond that any recommended management plan has been implemented or that the reported conflict no longer exists. For those conflicts in which Vanderbilt may have an institutional interest, those in which human subject research is performed, or those deemed unmanageable, the university conflicts committee reviews and determines appropriate actions. The university conflicts committee members are appointed by the chancellor and are made up of representatives from relevant areas across the University including faculty, audit, research, legal, administrative, and compliance. At least one representative on the Committee is a person from outside the University community. The University's General Counsel serves as the chair of the Committee. The university conflicts committee reports bi-annually to the audit committee of the Board of Trust the matters brought before the committee and the resulting actions. Board of Trust members and senior executive management of the university also must complete annual conflict of interest disclosures and management plans are developed to manage, reduce, or eliminate any potential conflicts of interest. Trustees are notified of their plans and the plans are thoroughly discussed with them to ensure compliance. Those with disclosed potential conflict of interest are presented to the audit committee of the board of trust, along with their respective management action plans, where applicable. Management plans may include restrictions on members such as recusing themselves during deliberations and decisions in which a potential conflict may exist, with the minutes of the meeting reflecting their recusal. Additionally, all members of the Vanderbilt community are required to disclose potential conflicts as they arise throughout the year. The same processes noted above occur for these disclosures. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official |
To ensure that Vanderbilt is paying reasonable total compensation, is not violating the private inurement prohibition, which requires that none of the organization's income or assets unreasonably benefit any of its trustees, officers, or key employees, and is in compliance with intermediate sanctions provisions with respect to the general officers, Vanderbilt's Board of Trust has designated a Compensation Committee made up of outside, independent, board members to review and approve total compensation annually for the vice chancellors, and review and approve total compensation annually for the chancellor for recommendation to the Executive Committee of the Board of Trust . The committee utilizes appropriate, nationally-recognized consulting firms to conduct market compensation analyses, provide expert information, and issue reasonableness opinions regarding comparative compensation norms, and to ensure compliance with all Internal Revenue Service rules concerning executive compensation, including the Internal Revenue Code provision related to intermediate sanctions, deferred compensation, and private inurement. The Compensation Committee reviews the executive compensation philosophy and affirms that it is in line with the Board's expectations. The compensation of the general officers is disclosed in the annual Form 990, which is available to the public in accordance with regulations section 301.6104(d)-1 through 3. Each year, the total compensation review and recommendations are recorded in the minutes of the Compensation Committee meetings. The approval of the recommendations for the chancellor is further recorded in the minutes of the Executive Committee meetings. The full Board is informed annually of the total compensation of the general officers during private session. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees |
Vanderbilt uses the same procedures as described in response to Part VI, Line 15a. |
| Form 990, Part VI, Line 19 Required documents available to the public |
Vanderbilt University makes its governing documents available to the public through its Board of Trust website located at: http://www.vanderbilt.edu/boardoftrust. Vanderbilt University makes its conflict of interest policy available to the public through its Compliance Program website located at http://www.vanderbilt.edu/compliance. Vanderbilt University makes its financial statements available to the public through its website located at: https://finance.vanderbilt.edu/accounting/report/. |
| Form 990, Part VII, Section A, Line 1a, Column (A) Continuation of Titles |
- Derek Mason - Head Football Coach - Bryce Drew - Former Head Men's Basketball Coach; TERMINATED STATUS AS HEAD MEN'S BASKETBALL COACH EFFECTIVE MARCH 22ND, 2019 - Nicholas S. Zeppos - Chancellor; TERMINATED STATUS AS AN OFFICER AND TRUSTEE EFFECTIVE AUGUST 15th, 2019 - Anders W. Hall - Vice Chancellor for Investments and Chief Investment Officer - Jerry Stackhouse - Head Men's Basketball Coach (effective April 5th, 2019) - Malcolm Turner - Vice Chancellor for Athletics and University Affairs and Athletics Director ; TERMINATED STATUS AS AN OFFICER EFFECTIVE February 4th, 2020 - Timothy C. Corbin - Head Baseball Coach - Brett C. Sweet - Vice Chancellor for Finance and Chief Financial Officer - Susan Wente - Interim Chancellor (effective August 16th, 2019 through June 30th, 2020); Provost and Vice Chancellor for Academic Affairs - John M. Lutz - Vice Chancellor for Information Technology: Interim Vice Chancellor for Development and Alumni Relations (effective April 27, 2020) - David Williams II - Former Vice Chancellor for Athletics and University Affairs and Athletics Director - Susie S. Stalcup - Vice Chancellor for Development and Alumni Relations; TERMINATED STATUS AS AN OFFICER EFFECTIVE April 24th, 2020 - Eric C. Kopstain - Vice Chancellor for Administration - John Geer - Dean of College of Arts and Science - Ruby Shellaway - Vice Chancellor, General Counsel, and University Secretary - Lawrence J. Marnett - Dean of Basic Sciences - Lauren Benton - Former Dean of College of Arts and Science and Key Employee; TERMINATED STATUS AS A KEY EMPLOYEE EFFECTIVE December 31,2017 - Nathan Green - Vice Chancellor for Government and Community Relations - Steve Ertel, Vice Chancellor for Communications - Candice S. Lee - Vice Chancellor for Athletics and University Affairs and Athletics Director (effective February 2nd, 2020) - Tina Smith - Former Interim Vice Chancellor for Equity, Diversity, and Inclusion; TERMINATED STATUS AS AN OFFICER EFFECTIVE AUGUST 16th, 2018 - James Page, Jr. - Former Vice Chancellor for Equity, Diversity, and Inclusion; Served as an officer effective August 17, 2018 and terminated his status on June 7th, 2019 - Audrey J. Anderson - Vice Chancellor, General Counsel, and University Secretary; TERMINATED STATUS AS AN OFFICER EFFECTIVE JULY 31ST, 2018 - Andre L. Churchwell, Chief Diversity Officer and Vice Chancellor for Equity, Diversity, and Inclusion |
| Form 990, Part VIII, Line 2f Other Program Service Revenue |
All other program service revenue - Total Revenue: 12483437, Related or Exempt Function Revenue: 12483437, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
Change in minority interest - -8124994; Deconsolidated Distribution - 99999; |
Attach to Form 990 or 990-EZ.