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vanderbilt chancellor salary

By 8 December 2020 No Comments

The numbers, which resulted in part from large retention bonuses paid to top administrators, are unprecedented. 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. $117,653 in tuition assistance was provided to three interested persons (typically relatives of officers or employees). The top 14 most highly compensated individuals were men who received $800,000 – $2,700,000. Speculation has been going around the Vanderbilt community that things inside McGugin Center were not good. Where does your $1 to St. Jude Children's Research Hospital Go? Exempt employees are not entitled to overtime pay or compensatory time. Vanderbilt University isn’t 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 university’s most recent tax filing. 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). To some extent, new federal reporting requirements underlie the apparent jump in compensation. Even so, Vanderbilt’s compensation numbers stand out. 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. He joined the Vanderbilt faculty in … STDI provides a no-cost base coverage, which is paid for by Vanderbilt, and buy-up coverage, which is paid for by the employee. Salaries posted anonymously by Vanderbilt University Medical Center employees. 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. “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. Faculty leaders, too, say they understand the reason for the unusually high compensation numbers. Zeppos was named Vanderbilt University’s eighth chancellor on March 1, 2008, after serving for seven months as interim chancellor. 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. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. The IRS Form 990 offers no explanation explaining this discrepancy. 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. In 2013, Gee earned $6,057,615 from Ohio State University. Currently, Gloria Vanderbilt is a descendant of Vanderbilt family. A free inside look at Vanderbilt University salary trends based on 2623 salaries wages for 579 jobs at Vanderbilt University. 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. B. Nonexempt employees are entitled to overtime pa… 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. 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. On June 4, 2013, Gee announced his retirement. To entice high-level administrators to stick around with the newly promoted chancellor, Nicholas S. Zeppos, the university’s governing board devised a retention plan. The average salary for public college presidents in the U.S. was $501,398 last year, according to the Chronicle. 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. Vanderbilt University salary statistics is not exclusive and is for reference only. The two most highly compensated individuals are coaches for sports. He expects that to continue with a salary between $3 and $4 million for the new coach. His salary as chancellor was over $2.2 million. 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. Building a Versatile Work Force for the Pandemic Era. What do you think? Cornelius Vanderbilt had made around $1000 in the first year of his shipping business. "Vanderbilt has plenty of money, but it’s not all going to football," Simmons said. He was the first Vanderbilt coach since the 1920 ... salary are not public because Vanderbilt is a private university. He is also a member of Alpha Phi Alpha and was initiated into the fraternity’s Mu Zeta chapter. 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. An internationally renowned political scientist and management scholar, Daniel Diermeier is the ninth chancellor of Vanderbilt University. Vanderbilt University average salary is $-, median salary is $- with a salary range from $- to $-. Vanderbilt University is one of the top private universities in the South and in the USA. “As a result of keeping a talented and skilled management team largely intact during a leadership transition,” Ms. Fortune said, “Vanderbilt has continued to make great strides.”. 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. 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.. Enter your email address to follow this blog and receive notifications of new posts by email. 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 … Seven-figure salaries could become more common in higher education as colleges try to attract top talent. Chancellor Daniel Diermeier Biography. “Having a good president is so important to a university like Vanderbilt that it’s worth its weight in gold,” he said. USA Today did a study Wednesday of athletic director salaries at the 124 FBS schools. $ 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 … In Louisiana, nine of the top 10 highest-paid public university leaders served Vice Chancellor and Chief Diversity Officer James Page, Jr. Where Does $100 to Compassion International Go? Malcolm Turner is an American athletics administrator and a former Vice Chancellor for Athletics and University Affairs and Athletic Director at Vanderbilt University. Exempt status is based on the duties and responsibilities of an individual position, the required educational level and the salary received. 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 … According to Vanderbilt’s tax filing, all four received distributions from the university’s supplemental executive retirement plan, which provides benefits to “a select group of highly compensated employees as a retention strategy.” These distributions were substantial. Before this role, Turner served as the president of the NBA G League. Indeed.com estimated this salary based on data from 10 employees, users and past and present job ads. In 2016, Vanderbilt Chancellor Nicholas S. Zeppos was credited with $4.3 million in total compensation, including a $2.9 million bonus. 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. Vanderbilt University salaries are collected from government agencies and companies. A. Vandy pays an SEC salary and to this point has accepted below average results. 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. Where Does $100 to Shriners Hospitals Go (2018)? 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. Each salary is associated with a real job position. Post was not sent - check your email addresses! In the university’s eyes, the plan has worked. Tons of great salary information on Indeed.com ... Oh, yeah, and they fired the last guy (an alum!) In 1877, Cornelius Vanderbilt was the richest man in America. Human Resources is responsible for determining which job classifications are exempt and non-exempt. $425,416 in employment compensation was given to Andrea Birch, family member of trustee, Adolpho Birch, III. 1 on the list at $3,239,678. The average graduate at Vanderbilt earns about $62,600 annually within five years, according to PayScale. 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. Where Does $100 to the American Breast Cancer Foundation Go? 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  royalties, rental income, and the sale of assets. To read the IRS Form 990 (2015), click here. Some professors, she said, get outraged over high pay, but most aren’t as concerned. In 1877, Vanderbilt family’s net worth was gigantic and approximated to be around $200 million. Vanderbilt reported spending about $100 million more than revenue in 2016. 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. At some other universities, the top earners were concentrated in athletics. 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. 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