Vanderbilt Student Communications INC FY2020 filing

Tax-deductible

Nashville, TN501(c)(3)Since 1967EIN 23-7030713Revenue $807K in FY2020

On file with the IRSvandymedia.org2301 Vanderbilt Pl Vu Sta B 351669, 37235-1669 · Nashville, TNTax-exempt since Jul 1969Supporting organization — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $46K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $104K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$107K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$807K
Spent
$1.2M
To programs
76%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$807K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$807K
FY2021$900K
FY2022$958K
FY2023$599K
FY2024$734K
FY2024$858K
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$596K
FY2022$780K
FY2023$856K
FY2024$809K
FY2024$779K
Net assets
$3.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.5M
FY2022$4.0M
FY2023$4.1M
FY2024$4.4M
FY2024$4.9M

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $904K Management & general 24% · $284K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Vanderbilt Student Communications INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps students learn media production and distribution through hands-on experience with campus news, radio, video, and online platforms.

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Provided by the organization

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1 program · $904K · in their own filed words · FY2019
01

Education

Vanderbilt Student Communications, Inc. offers students opportunities to learn and practice all facets of media content production and distribution via 16 internal organizations including a newspaper, radio stations, video production facility, music recording studio, yearbook, various online media as well as regularly structured…

$904Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$104K
Grants paid · 6 grants · $116K · 2021–2024
Unitemized GrantFY2024$30,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$3,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2022$3,000
Unitemized GrantFY2021$30,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$807K
Ln 12
Fees for servicesLn 2g$684K
Gifts and grantsLn 1h$133K
Investment incomeLn 3$172
Money outPt IX
$1.2M
Ln 25
Programscol B$904K
Managementcol C$284K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$3.8M
LiabilitiesLn 26$107K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$684K
Investment incomeLn 3$172
Gains on assetsLn 7−$10K
Total revenueLn 12$807K
Assets in detailPt X, end of year
SavingsLn 2$284K
Cash and savings togetherLn 1–2$284K
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.8M
LiabilitiesLn 26$107K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6560
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$537K$284K
InvestmentsLn 11–13$3.2M$3.5M
Land, buildings, equipmentLn 10c$173K$0
Total assetsLn 16$4.0M$3.8M
LiabilitiesLn 26$148K$107K
Net assetsLn 32$3.8M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$986K$739K$246K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$2K$2K$561
Information technologyLn 14$34K$26K$8K
RoyaltiesLn 15$78K$78K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$14K$14K
Other expenses (24a–d)Ln 24$46K$42K$4K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.2M$904K$284K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $734K$809K−$75K$4.4M 990 PDF
FY2023 $599K$856K−$257K$4.1M 990 PDF
FY2022 $958K$780K$178K$4.0M 990 PDF
FY2021 $900K$596K$304K$4.5M 990 PDF
FY2020 Viewing $807K$1.2M−$381K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $807,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,677$133,005
I-9 Program service revenuePrior year $705,793$684,034
I-10 Investment incomePrior year $115,783−$9,897
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,009,253$807,142
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $488,998$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $370,278$1,188,422
I-18 Total expensesPrior year $859,276$1,188,422
I-19 Revenue less expensesPrior year $149,977−$381,280
Part VI · Governance 5 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $807,142 across 6 lines filed
VIII-1f All other contributions, gifts and grants$133,005
VIII-1h Total contributions, gifts and grants$133,005
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $684,034$684,034
VIII-3 Investment incomeExcluded from tax $172$172
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$10,069−$10,069
VIII-12 Total revenueRelated to mission $684,034 · Unrelated business $0 · Excluded from tax −$9,897$807,142
Part IX · Statement of functional expenses $1,188,422 across 12 lines filed
IX-11a Management feesPrograms $739,433 · Management $246,478$985,911
IX-11b Legal feesManagement $4,285$4,285
IX-11c Accounting feesManagement $4,285$4,285
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionManagement $16,396$16,396
IX-13 Office expensesPrograms $1,682 · Management $561$2,243
IX-14 Information technologyPrograms $25,500 · Management $8,500$34,000
IX-15 RoyaltiesPrograms $78,277$78,277
IX-17 TravelPrograms $2,987$2,987
IX-22 Depreciation, depletion and amortizationPrograms $13,802$13,802
IX-24 Other expenses (24a–d)Programs $42,319 · Management $3,917$46,236
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $904,000 · Management $284,422 · Fundraising $0$1,188,422
Part X · Balance sheet $3,797,056 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $537,018$284,121
X-10c Land, buildings and equipment, netStart of year $173,247$0
X-11 Publicly traded securitiesStart of year $3,239,844$3,512,935
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $3,952,820$3,797,056
X-25 Other liabilitiesStart of year $0$106,709
X-26 Total liabilitiesStart of year $148,295$106,709
X-27 Net assets without donor restrictionsStart of year $3,804,525$3,690,347
X-32 Total net assets or fund balancesStart of year $3,804,525$3,690,347
X-33 Total liabilities and net assetsStart of year $3,952,820$3,797,056
Part XI · Reconciliation of net assets $3,690,347 net assets at year end
XI-1 Total revenue$807,142
XI-2 Total expenses$1,188,422
XI-3 Revenue less expenses−$381,280
XI-4 Net assets at start of year$3,804,525
XI-5 Net unrealized gains (losses) on investments$23,820
XI-8 Prior period adjustments$243,282
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,690,347

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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