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Nonprofiteer
← VSC INC

Form 990 for tax year 2022

Filed by VSC INC.

Totals

Total revenue
$599,475
Total expenses
$856,004
Contributions and grants received
$126,885
Grants paid
$23,000
Program service revenue
$643,090
Investment income
-$170,500
Other revenue
$0
Total assets, end of year
$4,159,516
Total liabilities, end of year
$92,195
Net assets or fund balances, end of year
$4,067,321
Program services expenses (Part IX)
$619,038
Management and general expenses
$214,800
Fundraising expenses
$22,166
Program service expenses (Part III)
$619,038

Program services were 72.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $126,885

  • 2a · Program service revenue: Activity Fees

    total $589,662 · related or exempt $589,662

  • 2b · Program service revenue: Commodore Income

    total $53,428 · related or exempt $53,428

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $30 · excluded $30

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,230,151

  • 7b · Less cost or other basis and sales expenses

    securities $2,400,681

  • 7c · Gain or loss

    securities -$170,530 · other assets $0

  • 7d · Net gain or loss

    total -$170,530 · excluded -$170,530

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $23,000 · program services $23,000

  • 11g · Fees: other

    total $40,889 · program services $30,667 · management and general $10,222 · fundraising $0

  • 12 · Advertising and promotion

    total $9,675 · program services $9,675

  • 13 · Office expenses

    total $21,089 · program services $15,817 · management and general $5,272

  • 14 · Information technology

    total $13,041 · program services $9,781 · management and general $3,260

  • 16 · Occupancy

    total $105,999 · program services $105,999

  • 17 · Travel

    total $27,539 · program services $27,539

  • 19 · Conferences, conventions and meetings

    total $2,700 · program services $2,700

  • 24a · Other expenses: Reimbursed Labor

    total $521,549 · program services $325,968 · management and general $173,415 · fundraising $22,166

  • 24b · Other expenses: Non-Capital Equipment

    total $10,593 · program services $7,945 · management and general $2,648

  • 24c · Other expenses: Other Supplies

    total $11,444 · program services $8,583 · management and general $2,861

  • 24d · Other expenses: Membership and Dues

    total $13,407 · program services $10,055 · management and general $3,352

  • 24e · All other expenses

    total $55,079 · program services $41,309 · management and general $13,770 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $349,742 · end of year $266,690

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,703,456 · end of year $3,892,826

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $89,249 · end of year $92,195

  • 27 · Net assets without donor restrictions

    beginning of year $3,963,949 · end of year $4,067,321

Mission and programs · 2022

Mission

See Schedule O

  • 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 workshops and projects.

    Expenses $619,038 · Grants $23,000 · Revenue $643,090

As filed on the 2022 return.

Listed in Part VII

  • Elisabeth Sandberg

    Board Chair

    Total calculated
    $143,298
    From this org
    $0
    From related orgs
    $88,301
    Other
    $54,997
    Hours/week
    0.1 + 40 related
  • Joe Rando

    Vice Chair

    Total calculated
    $145,782
    From this org
    $0
    From related orgs
    $90,040
    Other
    $55,742
    Hours/week
    0.1 + 40 related
  • Abhinav Krishnan

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Charlotte Mauger

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Devin Laye

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Lauren Kysar

    Director

    Total calculated
    $156,128
    From this org
    $0
    From related orgs
    $121,258
    Other
    $34,870
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,668 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $90 related
    Deferred
    $0 + $6,227 related
    Nontaxable benefits
    $0 + $28,643 related
    Filer's total
    $0 + $156,128 related
  • Olivia Gordon

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Roshaunda Ross-Orta

    Director

    Total calculated
    $89,381
    From this org
    $0
    From related orgs
    $74,803
    Other
    $14,578
    Hours/week
    0.1 + 40 related
  • Chris Carroll

    Director of Student Media

    Total calculated
    $158,722
    From this org
    $0
    From related orgs
    $107,999
    Other
    $50,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $106,022 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $477 related
    Deferred
    $0 + $5,460 related
    Nontaxable benefits
    $0 + $45,263 related
    Filer's total
    $0 + $158,722 related
  • Paige Clancy

    Secretary

    Total calculated
    $101,843
    From this org
    $0
    From related orgs
    $66,622
    Other
    $35,221
    Hours/week
    40
  • Joel Harrington

    Former Board Chair

    Total calculated
    $238,038
    From this org
    $0
    From related orgs
    $161,184
    Other
    $76,854
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,582 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $14,102 related
    Deferred
    $0 + $7,852 related
    Nontaxable benefits
    $0 + $69,002 related
    Filer's total
    $0 + $238,038 related
  • Katherine Carroll

    Former Board Chair

    Total calculated
    $129,878
    From this org
    $0
    From related orgs
    $111,456
    Other
    $18,422
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $111,456 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,451 related
    Nontaxable benefits
    $0 + $13,971 related
    Filer's total
    $0 + $129,878 related
  • Sarah Igo

    Former Vice Chair

    Total calculated
    $378,299
    From this org
    $0
    From related orgs
    $311,165
    Other
    $67,134
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,264 related
    Bonus
    $0 + $77,541 related
    Other
    $0 + $56,360 related
    Deferred
    $0 + $45,906 related
    Nontaxable benefits
    $0 + $21,228 related
    Filer's total
    $0 + $378,299 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Certain individuals participate in nonqualified deferred compensation plans which are managed and paid by Vanderbilt University, a related organization of Vanderbilt Student Communications, Inc. One payout was made under this plan to a participating individual during calendar year 2022: Sarah Igo: $76,041

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Array Ventures Transformers Fund I LP

    N/A · Investment · DE

    Directly controlled by NA

  • Altos Hybrid 2 V LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Buckley PLCR BIII SPV LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Cheetah Investment Holdings LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Dore Capital Real Estate LP

    N/A · Investment · DE

    Directly controlled by NA

  • Dore Capital LP

    N/A · Investment · DE

    Directly controlled by NA

  • EAGLE INVESTMENT HOLDINGS II LLC

    N/A · Investment · DE

    Directly controlled by NA

  • GOODWATER TAEHWA LP

    N/A · Investment · DE

    Directly controlled by NA

  • HS INVESTMENTS IV V LP

    N/A · Investment · GK

    Directly controlled by NA

  • Kairos Continuity Alloy1 LP

    N/A · Investment · DE

    Directly controlled by NA

  • Kairos Continuity BT LP

    N/A · Investment · DE

    Directly controlled by NA

  • Kairos Continuity CC1 LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Kairos Continuity CC2 LP

    N/A · Investment · DE

    Directly controlled by NA

  • Kairos Continuity LS1 LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Kairos Continuity RH2 LP

    N/A · Investment · DE

    Directly controlled by NA

  • Periscope IBH Holdings LLC

    N/A · Investment · DE

    Directly controlled by NA

  • The Midnight A Third Prime Series LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Valar Co-Invest 7 LP

    N/A · Investment · DE

    Directly controlled by NA

  • Valar Co-Invest 9 LP

    N/A · Investment · DE

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Commodore Scottish Patron II LP

    C Corporation · Investment · AE

    Directly controlled by NA

  • Elliston Partners

    C Corporation · Investment · CJ

    Directly controlled by NA

  • Emergent Pro Alia Fund Sub Fund Emergent African Land Fund

    C Corporation · Investment · LU

    Directly controlled by NA

  • Pacific Harbor Special Holdings Ltd

    C Corporation · Investment · VI

    Directly controlled by NA

  • Vanderbilt Legends Club Inc

    C Corporation · Golf Club · TN

    Directly controlled by NA

  • Charitable Remainder Trusts (88)

    Trust · Charitable Trust · TN

    Directly controlled by NA

  • Perpetual Trusts (5)

    Trust · Charitable Trust · TN

    Directly controlled by NA

  • Charitable Lead Trusts (2)

    Trust · Charitable Trust · TN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313129349300536

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