Trustees Of Boston University
- Assets
- $8.3b
- Revenue
- $2.8b
- Investments
- $2.5b
- Employees
- 25,535
- Location
- Boston, MA
- Founding
- 10/1937
- Data as of
- 06/2021
- EIN
- 04-2103547
Organization Overview
Trustees Of Boston University is located in Boston, MA. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Trustees Of Boston University employed 25,535 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Boston University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Trustees Of Boston University generated $2.8b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.5b during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trustees Of Boston University has awarded 1,897 individual grants totaling $554,884,223. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
RESEARCH - WHAT SETS BOSTON UNIVERSITY APART AS A RESEARCH UNIVERSITY IS THE BREADTH AND DEPTH OF ITS RESEARCH AND THE UNIQUELY ENTREPRENEURIAL SPIRIT OF ITS FACULTY. RESEARCHERS AT BU ARE NOT AFRAID TO CROSS DISCIPLINARY BOUNDARIES, AS CAN BE SEEN BY STRATEGIC EFFORTS TO SUPPORT INTERDISCIPLINARY RESEARCH AND EDUCATION IN NEUROSCIENCE, RELIGION AND WORLD AFFAIRS, INTEGRATIVE BIOLOGY, CLEAN ENERGY, SUSTAINABILITY AND THE ENVIRONMENT, HEALTH CARE DELIVERY, AND GLOBAL HEALTH, TO NAME A FEW. IN EACH CASE, THE EMPHASIS IS NOT ON INTERDISCIPLINARITY FOR ITS OWN SAKE, BUT ON USING A MULTIFACETED APPROACH TO SOLVE THE IMPORTANT AND COMPLEX PROBLEMS FACING SOCIETY TODAY.
AUXILIARIES - AUXILIARY ENTERPRISES SUPPORT THE MISSION OF BOSTON UNIVERSITY BY PROVIDING ESSENTIAL SERVICES TO THE CAMPUS COMMUNITY. THEY ARE ENTERPRISES IN THAT THEY ARE GENERALLY SELF-SUPPORTING ACTIVITIES, RECOVERING THEIR COSTS THROUGH THE FEES OR PRICES THEY CHARGE FOR THEIR GOODS AND SERVICES. AT BOSTON UNIVERSITY, AUXILIARY ENTERPRISES ARE DESIGNED TO DELIVER SUPERIOR QUALITY SERVICES THAT ARE EXPECTED BY THE STUDENTS, FACULTY, STAFF AND ALUMNI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Brown President | OfficerTrustee | 55 | $1,576,994 |
Pushkar Mehra Professor & Oral Surgeon | 55 | $1,280,964 | |
Clarissa Hunnewell Chief Investment Officer | 55 | $1,194,762 | |
Jean Morrison University Provost | Officer | 55 | $1,173,292 |
Karen H Antman Medical Campus Provost | Officer | 55 | $910,248 |
Erika Geetter Sr Vp, Gen Counsel, Board Sec | Officer | 55 | $593,282 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaplan Corporation Construction | 6/29/21 | $8,164,887 |
Walsh Brothers Incorporated Construction | 6/29/21 | $25,892,813 |
Suffolk Construction Company Inc Construction | 6/29/21 | $40,782,790 |
Shawmut Woodworking Supply Inc Construction | 6/29/21 | $25,917,615 |
Aramark Food And Support Services I Food & Hospitality | 6/29/21 | $11,485,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $621,763 |
| Related organizations | $0 |
| Government grants | $452,037,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,071,237 |
| Noncash contributions included in lines 1a–1f | $10,685,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,730,194 |
| Total Program Service Revenue | $1,886,153,261 |
| Investment income | $16,648,247 |
| Tax Exempt Bond Proceeds | $102 |
| Royalties | $3,149,092 |
| Net Rental Income | $11,324,091 |
| Net Gain/Loss on Asset Sales | $238,092,076 |
| Net Income from Fundraising Events | $164,434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,827,583,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,228,118 |
| Grants and other assistance to domestic individuals. | $567,455,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,622,210 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,452,489 |
| Compensation of current officers, directors, key employees. | $492,853 |
| Compensation to disqualified persons | $329,125 |
| Other salaries and wages | $949,178,173 |
| Pension plan accruals and contributions | $995,446 |
| Other employee benefits | $125,451,411 |
| Payroll taxes | $75,240,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,992,833 |
| Fees for services: Accounting | $840,747 |
| Fees for services: Lobbying | $453,379 |
| Fees for services: Fundraising | $10,261 |
| Fees for services: Investment Management | $4,972,413 |
| Fees for services: Other | $110,307,159 |
| Advertising and promotion | $8,856,114 |
| Office expenses | $40,698,975 |
| Information technology | $39,938,525 |
| Royalties | $1,247,390 |
| Occupancy | $161,614,783 |
| Travel | $2,297,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,169,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,189,564 |
| Insurance | $5,932,716 |
| All other expenses | $3,543,794 |
| Total functional expenses | $2,471,119,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,018,912 |
| Pledges and grants receivable | $189,376,065 |
| Accounts receivable, net | $200,327,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,549,675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,284,276 |
| Net Land, buildings, and equipment | $2,822,071,156 |
| Investments—publicly traded securities | $1,923,433,000 |
| Investments—other securities | $2,517,960,754 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,135,406 |
| Total assets | $8,292,157,093 |
| Accounts payable and accrued expenses | $280,587,031 |
| Grants payable | $0 |
| Deferred revenue | $287,401,478 |
| Tax-exempt bond liabilities | $1,079,879,716 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $681,242,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $614,237,319 |
| Total liabilities | $2,943,348,208 |
| Net assets without donor restrictions | $3,018,754,818 |
| Net assets with donor restrictions | $2,330,054,067 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,292,157,093 |
Grants Awarded
Over the last fiscal year, Trustees Of Boston University has awarded $141,098,511 in support to 289 organizations.
| Grant Recipient | Amount |
|---|---|
INTEGRATED BIOTHERAPEUTICS PURPOSE: RESEARCH Research Research | $10,427,336 |
PATTERN BIOSCIENCE INC PURPOSE: RESEARCH Research Research | $5,276,775 |
VENATORX PHARMACEUTICALS INC PURPOSE: Charitable donation Research | $4,617,212 |
SERES THERAPEUTICS INC PURPOSE: RESEARCH Research Research | $4,502,173 |
FORGE THERAPEUTICS INC PURPOSE: RESEARCH Research Research | $4,373,018 |
DAY ZERO DIAGNOSTICS INC PURPOSE: RESEARCH Research Research | $4,235,131 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trustees Of Boston University has recieved totaling $1,525,000.
| Awarding Organization | Amount |
|---|---|
Bahamdan Foundation Inc Cambridge, MA PURPOSE: PROFESSORSHIP FOR EARLY CHILDHOOD WELL-BEING | $1,500,000 |
Mackenzies Mission Great Falls, VA PURPOSE: Support of amyloidosis research. | $25,000 |
Endowment Analysis
| Beg. Balance | $2,421,115,000 |
| Earnings | $981,004,273 |
| Admin Expense | $10,167,602 |
| Net Contributions | $80,427,257 |
| Other Expense | $56,172,716 |
| Grants | $23,693,212 |
| Ending Balance | $3,392,513,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |