Vanderbilt University FY2021 filing

Tax-deductible

Nashville, TN501(c)(3)Since 1873Colleges & UniversitiesEIN 62-0476822

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$24.1M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
5 of 5
filings with a surplus
Average surplus $560.9M a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24.1M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $969K
Looks good: 34 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4B
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8B
+66% vs prior year
Spent
$1.9B
To programs
74%
Net assets
$10.5B
By yearFY2020–FY2024
Revenue
$2.8B
FY2021▲ +66%
Revenue by fiscal year
FY2020$1.7B
FY2021$2.8B
FY2022$3.3B
FY2023$2.3B
FY2024$2.6B
FY2024$2.8B
Expenses
$1.9B
FY2021▲ +18%
Expenses by fiscal year
FY2020$1.6B
FY2021$1.9B
FY2022$2.0B
FY2023$2.0B
FY2024$2.3B
FY2024$2.4B
Net assets
$10.5B
FY2021▲ +60%
Net assets by fiscal year
FY2020$6.5B
FY2021$10.5B
FY2022$10.0B
FY2023$9.7B
FY2024$10.3B
FY2024$11.2B

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1941.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.4B Management & general 24% · $462.1M Fundraising 1% · $28.4M

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

Who runs it and what they're paid

49 people listed on the 990; $24.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
See Schedule O
$3,046,542Pt VII · Sec A
See Schedule O
$2,997,211Pt VII · Sec A
See Schedule O
$2,373,080Pt VII · Sec A
See Schedule O
$1,662,339Pt VII · Sec A
See Schedule O
$1,660,302Pt VII · Sec A
See Schedule O
$1,539,843Pt VII · Sec A
See Schedule O
$1,447,800Pt VII · Sec A
See Schedule O
$1,411,960Pt VII · Sec A

Anders W Hall’s $5.7M as See Schedule O is at the 97th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Anders W Hall$5,747,977$6,001,511$4,755,711$2,873,269$2,373,080$1,358,605
Jerry Stackhouse$4,779,501$4,187,650$3,771,194$3,056,059$2,997,211$2,168,358
Clark Lea$4,302,829$3,663,116$3,144,922$3,011,618——
Derek Mason—$2,166,660$2,166,660$2,166,660$3,046,542$4,159,704
Bryce Drew—————$3,184,066
Nicholas S Zeppos$223,542$218,072$2,280,172$961,716$1,539,843$3,152,157
Daniel Diermeier$3,020,799$2,427,798$2,086,789$1,911,404$924,409—
Mark Byington$2,600,247—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Conducts academic and scientific research and provides higher education.

Provided by the organization

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2 program services account for $1.4B of program spending, described in the organization's own filed words · FY2020.
01

See Schedule O

Education

$1.2Bprogram expense
02

See Schedule O

Academic and Scientific Research

$242.0Mprogram expense

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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 · FY2025
See all 34 funders →
Grants paid · 1,041 grants · $2.8B · 2019–2024
Unitemized GrantFY2024$474,486,535
The Scripps Research InstituteCA · FY2024$2,519,368
The Learning Agency LLCFY2024$1,583,879
Yale UniversityCT · FY2024$1,442,586
Johns Hopkins UniversityMD · FY2024$1,098,504
University of Texas at AustinFY2024$1,092,668
Northwestern UniversityIL · FY2024$1,010,744
Leidos INCFY2024$943,580
University of UtahUT · FY2024$855,779
George Mason UniversityFY2024$644,023
University of South AlabamaAL · FY2024$641,275
Fisk UniversityTN · FY2024$617,297
University of South FloridaFY2024$609,917
Emory UniversityGA · FY2024$562,779
See all 1,041 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.8B
Ln 12
Investment incomeLn 3$1.3B
Fees for servicesLn 2g$1.2B
Gifts and grantsLn 1h$306.9M
Money outPt IX
$1.9B
Ln 25
Programscol B$1.4B
Managementcol C$462.1M
Fundraisingcol D$28.4M
Owns and owesPt X
$10.5B
net assets · Ln 32
Cash and savingsLn 1–2$1.1B
Total assetsLn 16$13.9B
LiabilitiesLn 26$3.4B
PeoplePt VI, VII
49
listed · VII A
PaidVII A21
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306.9M
Government grantsLn 1e$194.8M
Noncash giftsLn 1g$30.9M
Fees for servicesLn 2g$1.2B
Investment incomeLn 3$1.3B
Other incomeLn 4–11$29.4M
Gains on assetsLn 7$1.10B
Total revenueLn 12$2.8B
Assets in detailPt X, end of year
CashLn 1$54.5M
SavingsLn 2$1.06B
Cash and savings togetherLn 1–2$1.1B
InvestmentsLn 11–13$11.00B
Land, buildings, equipmentLn 10c$1.45B
Other assetsLn 15$61.5M
Total assetsLn 16$13.9B
LiabilitiesLn 26$3.4B
Net assetsLn 32$10.5B
OperationsPt I, VI
EmployeesI 514,639
VolunteersI 65,500
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 FY21End FY21
Cash and savingsLn 1–2$625.5M$1.12B
InvestmentsLn 11–13$7.08B$11.00B
Land, buildings, equipmentLn 10c$1.43B$1.45B
Total assetsLn 16$9.43B$13.85B
LiabilitiesLn 26$2.88B$3.40B
Net assetsLn 32$6.55B$10.45B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51.8M$51.8M
Grants to domestic individualsLn 2$357.8M$357.8M
Grants and assistance to foreign recipientsLn 3$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$14.5M$2.5M$9.6M$2.4M
Pay of disqualified personsLn 6$391K$391K
Other salaries and wagesLn 7$580.5M$522.6M$43.9M$14.0M
Pension plan contributionsLn 8$30.3M$27.3M$2.3M$730K
Other employee benefitsLn 9$63.4M$52.7M$8.3M$2.4M
Payroll taxesLn 10$35.5M$31.9M$2.7M$855K
Management feesLn 11a$924K$178K$746K
Legal feesLn 11b$6.8M$6.8M
Accounting feesLn 11c$812K$812K
Professional fundraising feesLn 11e$184K$184K
Investment management feesLn 11f$316.3M$316.3M
Other fees for servicesLn 11g$103.3M$93.9M$8.3M$1.1M
Advertising and promotionLn 12$4.9M$3.8M$532K$573K
Office expensesLn 13$62.2M$56.6M$5.2M$378K
Information technologyLn 14$30.2M$26.5M$3.0M$719K
RoyaltiesLn 15$5.9M$5.9M
OccupancyLn 16$77.1M$58.9M$16.2M$2.0M
TravelLn 17$5.7M$5.2M$409K$24K
Conferences, conventions and meetingsLn 19$2.5M$2.3M$171K$21K
InterestLn 20$19.2M$16.9M$2.2M
Depreciation, depletion and amortizationLn 22$104.3M$73.8M$29.1M$1.5M
InsuranceLn 23$11.9M$11.7M$157K$75K
Other expenses (24a–d)Ln 24$22.9M$22.6M$201K$53K
All other expensesLn 24e$12.0M$5.3M$5.2M$1.5M
Total functional expensesLn 25$1.92B$1.43B$462.1M$28.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.6B$2.3B$270.5M$10.3B 990 PDF
FY2023 $2.3B$2.0B$240.5M$9.7B 990 PDF
FY2022 $3.3B$2.0B$1.3B$10.0B 990 PDF
FY2021 Viewing $2.8B$1.9B$921.6M$10.5B 990 PDF
FY2020 $1.7B$1.6B$85.4M$6.5B 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,844,246,147 across 11 lines filed
Lines not itemized here account for $10,440,804 of total revenue; see the IRS return.
VIII-1e Government grants$194,760,860
VIII-1f All other contributions, gifts and grants$112,186,548
VIII-1g Noncash contributions (included above)$30,853,275
VIII-1h Total contributions, gifts and grants$306,947,408
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,197,535,510 · Unrelated business $105,585$1,197,641,095
VIII-3 Investment incomeUnrelated business −$2,618,665 · Excluded from tax $200,652,491$198,033,826
VIII-5 RoyaltiesUnrelated business $8,455 · Excluded from tax $10,984,292$10,992,747
VIII-6 Net rental income or lossExcluded from tax $2,085,497$2,085,497
VIII-7 Net gain or loss on sales of assetsUnrelated business −$37,682 · Excluded from tax $1,101,798,688$1,101,761,006
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,995,780 · Unrelated business $7,347,984$16,343,764
VIII-12 Total revenueRelated to mission $1,216,972,094 · Unrelated business $4,805,677 · Excluded from tax $1,315,520,968$2,844,246,147
Part IX · Statement of functional expenses $1,922,598,487 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $51,793,774$51,793,774
IX-2 Grants to domestic individualsPrograms $357,818,022$357,818,022
IX-3 Grants and assistance to foreign recipientsPrograms $1,206,988$1,206,988
IX-5 Pay of current officers, directors and key staffPrograms $2,523,723 · Management $9,630,481 · Fundraising $2,359,472$14,513,676
IX-6 Pay of disqualified personsPrograms $390,637$390,637
IX-7 Other salaries and wagesPrograms $522,627,564 · Management $43,935,220 · Fundraising $13,986,957$580,549,741
IX-8 Pension plan contributionsPrograms $27,288,128 · Management $2,294,004 · Fundraising $730,306$30,312,438
IX-9 Other employee benefitsPrograms $52,713,098 · Management $8,283,658 · Fundraising $2,422,889$63,419,645
IX-10 Payroll taxesPrograms $31,936,967 · Management $2,684,814 · Fundraising $854,721$35,476,502
IX-11a Management feesPrograms $177,734 · Management $745,803$923,537
IX-11b Legal feesManagement $6,794,881$6,794,881
IX-11c Accounting feesManagement $811,679$811,679
IX-11e Professional fundraising feesFundraising $183,844$183,844
IX-11f Investment management feesManagement $316,295,244$316,295,244
IX-11g Other fees for servicesPrograms $93,870,835 · Management $8,298,202 · Fundraising $1,084,400$103,253,437
IX-12 Advertising and promotionPrograms $3,839,232 · Management $532,100 · Fundraising $573,354$4,944,686
IX-13 Office expensesPrograms $56,609,857 · Management $5,190,920 · Fundraising $378,491$62,179,268
IX-14 Information technologyPrograms $26,520,312 · Management $2,968,761 · Fundraising $718,901$30,207,974
IX-15 RoyaltiesPrograms $5,942,163$5,942,163
IX-16 OccupancyPrograms $58,918,813 · Management $16,202,524 · Fundraising $1,954,077$77,075,414
IX-17 TravelPrograms $5,247,095 · Management $408,845 · Fundraising $24,065$5,680,005
IX-19 Conferences, conventions and meetingsPrograms $2,338,621 · Management $170,783 · Fundraising $21,106$2,530,510
IX-20 InterestPrograms $16,945,386 · Management $2,214,638$19,160,024
IX-22 Depreciation, depletion and amortizationPrograms $73,760,985 · Management $29,117,589 · Fundraising $1,463,277$104,341,851
IX-23 InsurancePrograms $11,686,730 · Management $156,746 · Fundraising $74,658$11,918,134
IX-24 Other expenses (24a–d)Programs $22,601,940 · Management $200,535 · Fundraising $53,337$22,855,812
IX-24e All other expensesPrograms $5,295,992 · Management $5,197,242 · Fundraising $1,525,367$12,018,601
IX-25 Total functional expensesPrograms $1,432,054,596 · Management $462,134,669 · Fundraising $28,409,222$1,922,598,487
Part X · Balance sheet $13,854,160,867 assets, 20 lines filed
Asset lines not itemized here account for $513,325; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $25,965,822$54,465,387
X-2 Savings and temporary cash investmentsStart of year $599,572,067$1,063,824,980
X-3 Pledges and grants receivableStart of year $155,447,057$141,171,008
X-4 Accounts receivableStart of year $58,092,525$59,396,205
X-8 Inventories for sale or useStart of year $362,060$198,529
X-9 Prepaid expenses and deferred chargesStart of year $18,491,233$16,313,741
X-10c Land, buildings and equipment, netStart of year $1,429,892,892$1,454,553,385
X-11 Publicly traded securitiesStart of year $4,690,176,550$6,216,468,806
X-12 Other securitiesStart of year $2,367,253,528$4,766,361,347
X-13 Program-related investmentsStart of year $21,589,571$19,406,552
X-15 Other assetsStart of year $62,884,045$61,487,602
X-16 Total assetsStart of year $9,430,450,954$13,854,160,867
X-17 Accounts payable and accrued expensesStart of year $214,541,962$224,322,103
X-19 Deferred revenueStart of year $1,666,796,580$1,922,500,328
X-25 Other liabilitiesStart of year $467,351,496$626,486,981
X-26 Total liabilitiesStart of year $2,884,156,827$3,400,411,597
X-27 Net assets without donor restrictionsStart of year $3,483,190,926$5,839,846,993
X-28 Net assets with donor restrictionsStart of year $3,063,103,201$4,613,902,277
X-32 Total net assets or fund balancesStart of year $6,546,294,127$10,453,749,270
X-33 Total liabilities and net assetsStart of year $9,430,450,954$13,854,160,867
Part XI · Reconciliation of net assets $10,453,749,270 net assets at year end
XI-1 Total revenue$2,844,246,147
XI-2 Total expenses$1,922,598,487
XI-3 Revenue less expenses$921,647,660
XI-4 Net assets at start of year$6,546,294,127
XI-5 Net unrealized gains (losses) on investments$2,986,730,369
XI-9 Other changes in net assets−$922,886
XI-10 Net assets at end of year$10,453,749,270

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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