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TIN: 02-0222111
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
Trustees of Dartmouth College
Employer identification number
02-0222111
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
Yes
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
Philip Hanlon
President
(i)
(ii)
1,090,640
-------------
0
0
-------------
0
248,118
-------------
0
158,983
-------------
0
113,004
-------------
0
1,610,745
-------------
0
170,000
-------------
0
2
Michael Wagner
VP & CFO
(i)
(ii)
458,014
-------------
0
0
-------------
0
130
-------------
0
25,650
-------------
0
20,192
-------------
0
503,986
-------------
0
0
-------------
0
3
Joseph Helble
Provost
(i)
(ii)
724,236
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
15,010
-------------
0
764,896
-------------
0
0
-------------
0
4
Richard Mills
EVP
(i)
(ii)
720,529
-------------
0
0
-------------
0
57
-------------
0
25,650
-------------
0
13,004
-------------
0
759,240
-------------
0
0
-------------
0
5
Joshua Keniston
VP Campus Services & Institutional Projects
(i)
(ii)
293,656
-------------
0
30,000
-------------
0
0
-------------
0
14,750
-------------
0
3,373
-------------
0
341,779
-------------
0
0
-------------
0
6
Robert Lasher
Sr. Vice President for Advancement
(i)
(ii)
698,961
-------------
0
83,430
-------------
0
0
-------------
0
25,650
-------------
0
3,399
-------------
0
811,440
-------------
0
0
-------------
0
7
Sandhya Iyer
General Counsel
(i)
(ii)
573,123
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
16,472
-------------
0
615,245
-------------
0
0
-------------
0
8
Matthew Slaughter
Dean, Tuck School of Business
(i)
(ii)
866,725
-------------
0
0
-------------
0
57
-------------
0
25,650
-------------
0
13,331
-------------
0
905,763
-------------
0
0
-------------
0
9
Duane Compton
Dean, Geisel School of Medicine
(i)
(ii)
737,479
-------------
0
0
-------------
0
77
-------------
0
25,650
-------------
0
13,753
-------------
0
776,959
-------------
0
0
-------------
0
10
Elizabeth Smith
Dean of Faculty
(i)
(ii)
492,820
-------------
0
0
-------------
0
1,677
-------------
0
25,650
-------------
0
4,686
-------------
0
524,833
-------------
0
0
-------------
0
11
Alice Ruth
Chief Executive Officer - Investment Office
(i)
(ii)
1,081,738
-------------
0
1,250,000
-------------
0
1,159
-------------
0
25,650
-------------
0
15,312
-------------
0
2,373,859
-------------
0
0
-------------
0
12
Jessica Jones
Managing Director, Investment Office
(i)
(ii)
375,199
-------------
0
505,233
-------------
0
1,159
-------------
0
25,650
-------------
0
16,516
-------------
0
923,757
-------------
0
0
-------------
0
13
Steven Leach
Director, Norris Cotton Cancer Center
(i)
(ii)
813,185
-------------
0
50,000
-------------
0
0
-------------
0
25,650
-------------
0
8,239
-------------
0
897,074
-------------
0
0
-------------
0
14
Michael Sullivan
Managing Director, Investment Office
(i)
(ii)
431,840
-------------
0
652,500
-------------
0
1,159
-------------
0
25,650
-------------
0
16,662
-------------
0
1,127,811
-------------
0
0
-------------
0
15
Kelsey Morgan
Chief Investment Officer
(i)
(ii)
664,646
-------------
0
937,500
-------------
0
1,159
-------------
0
25,650
-------------
0
19,718
-------------
0
1,648,673
-------------
0
0
-------------
0
16
Eugene Teevens
Head Football Coach
(i)
(ii)
396,313
-------------
0
25,000
-------------
0
430,000
-------------
0
25,650
-------------
0
11,682
-------------
0
888,645
-------------
0
0
-------------
0
17
Michael Mastanduno
Former Dean of Faculty
(i)
(ii)
393,573
-------------
0
0
-------------
0
1,025
-------------
0
25,650
-------------
0
14,199
-------------
0
434,447
-------------
0
0
-------------
0
18
Frank Roberts
Associate VP, FOM
(i)
(ii)
212,656
-------------
0
0
-------------
0
200
-------------
0
18,682
-------------
0
10,556
-------------
0
242,094
-------------
0
0
-------------
0
19
Carolyn Dever
Former Provost
(i)
(ii)
316,553
-------------
0
0
-------------
0
0
-------------
0
25,650
-------------
0
5,797
-------------
0
348,000
-------------
0
0
-------------
0
20
David Kotz
Former Interim Provost
(i)
(ii)
418,235
-------------
0
0
-------------
0
960
-------------
0
25,650
-------------
0
21,115
-------------
0
465,960
-------------
0
0
-------------
0
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Schedule J, Part I, Line 1a First-class or charter travel
Dartmouth travel policy allows for first or business class air travel for business purposes in limited circumstances. Consistent with this policy, on infrequent occasions senior officers flew first class or business class with the President's approval. The lack of a major commercial airport within 80 miles of Dartmouth requires use of charter air travel to fulfill the business travel requirements of the President. For this reason, the President and certain senior officers had access for business purposes to charter flight service, the cost of which was fully defrayed by private donations designated for this purpose.
Schedule J, Part I, Line 1a Travel for companions
The President's wife traveled with him for business purposes including participating in alumni events and meetings with key constituent donors on Dartmouth's behalf.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
President Hanlon received a taxable gross up of Medicare tax due to the timing of reported imputed income.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
Dartmouth provided housing for the President. This arrangement was for Dartmouth's convenience and a condition of employment and therefore was not taxable to the President.
Schedule J, Part I, Line 1a Personal services
Dartmouth provided housekeeping services for cleaning and maintaining the President's house. The value of services provided for personal living space was recognized as imputed income to the President.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Dartmouth provided the President with a nonqualified 457(f) supplemental retirement plan. The Plan provided for annual credits to the plan subject to vesting requirements based on continuation of employment through set dates. The President received $236,667, and accrued $133,333 relative to the Plan during the calendar year 2020. $170,000 of the deferred compensation received had been reported in prior years, as reflected in Column F.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
A portion of the incentive bonus for investment office employees is based on meeting certain return targets. A portion of the performance bonus for the Sr. VP of Advancement is based on achieving certain advancement goals.
Schedule J, Part I, Line 7 Non-fixed payments
Alice Ruth, Chief Executive Officer - Investment Office, received a performance bonus of $1,250,000 during calendar year 2020. Kelsey Morgan, Deputy Chief Investment Officer, received incentive compensation of $937,500 during calendar year 2020. Michael Sullivan, Managing Director in the Investment Office, received incentive compensation of $652,500 during calendar year 2020. Jessica Jones, Managing Director in the Investment Office, received incentive compensation of $505,233 during calendar year 2020. Robert Lasher, Senior Vice President for Advancement, received a performance bonus of $83,430 during calendar year 2020. Joshua Keniston, VP of Campus Services & Institutional Projects, received a performance bonus of $30,000 during calendar year 2020. Steven Leach, NCCC Director, received a performance bonus of $50,000 during calendar year 2020. Eugene Teevens, Head Football Coach, received a performance bonus of $25,000 during calendar year 2020.
Schedule J (Form 990) 2020
Additional Data
Software ID:
20011424
Software Version:
2020v4.0