Trustees Of Tufts College
- Assets
- $4.8b
- Revenue
- $1.3b
- Investments
- $2.8b
- Employees
- 11,593
- Location
- Somerville, MA
- Founding
- 09/1932
- Data as of
- 06/2021
- EIN
- 04-2103634
Organization Overview
Trustees Of Tufts College, operating under the name Tufts University, is located in Somerville, MA. The organization was established in 1932. 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, Tufts University employed 11,593 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tufts 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, Tufts University generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.1b during the year ending 06/2021. While expenses have increased by 2.9% 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, Tufts University has awarded 971 individual grants totaling $161,703,305. 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
EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
INSTRUCTION - DURING THE 2020-2021 ACADEMIC YEAR, THE FOLLOWING DEGREES WERE CONFERRED: 1,381 UNDERGRADUATE, 1,574 GRADUATE, 540 PROFESSIONAL AND 192 CERTIFICATE.
RESEARCH -THERE WERE 2,142 GOVERNMENT AND 1,026 NON-GOVERNMENT GRANTS ACTIVE IN FISCAL YEAR 2021. SPONSORED RESEARCH AT TUFTS WAS PERFORMED IN THE MEDICAL, DENTAL, AND VETERINARY SCHOOLS AS WELL AS IN THE BASIC SCIENCE DEPARTMENTS OF ARTS & SCIENCE & ENGINEERING. RESEARCH IS ALSO BEING PERFORMED AT THE USDA HUMAN NUTRITION RESEARCH CENTER ON AGING. ALSO, CLINICAL AND OTHER RESEARCH ACTIVITIES INCLUDE 30 CLINICS THAT ARE OPERATED BY THE DENTAL AND VETERINARY SCHOOLS TO TRAIN STUDENTS AND SUPPORT THEIR RESEARCH. OTHER EDUCATIONAL ACTIVITIES INCLUDE, AMONG OTHERS, VETERINARY SCHOOL NEWSLETTERS AND CONTINUING EDUCATION PROGRAMS FOR HEALTH SCHOOL PROFESSIONALS.
AUXILIARY ENTERPRISES - ACTIVITIES PRIMARILY CONSIST OF SERVICES FOR STUDENTS, INCLUDING STUDENT HOUSING, DINING SERVICES AND HEALTH SERVICES. DURING THE 2021 FISCAL YEAR THERE WERE 50 RESIDENCE HALLS HOUSING 3,074 STUDENTS. APPROXIMATELY 3,429 MEAL PLANS WERE SOLD TO STUDENTS EACH SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee - End Date 11/7/2020 | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Con Inc Architecture & Interior Design | 6/29/21 | $29,505,729 |
C&w Facility Services Inc Cleaning | 6/29/21 | $11,754,801 |
Clinical Research Sequencing Platform Scientific Services | 6/29/21 | $10,855,730 |
Bond Brothers Inc Construction | 6/29/21 | $6,253,097 |
Windover Construction Inc Construction | 6/29/21 | $4,038,179 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $403,379 |
| Related organizations | $0 |
| Government grants | $177,877,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,152,665 |
| Noncash contributions included in lines 1a–1f | $12,117,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,433,588 |
| Total Program Service Revenue | $798,411,960 |
| Investment income | $17,652,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $538,242 |
| Net Rental Income | -$123,513 |
| Net Gain/Loss on Asset Sales | $198,403,380 |
| Net Income from Fundraising Events | -$114,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,328,201,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,951,521 |
| Grants and other assistance to domestic individuals. | $152,951,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,996,741 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,502,314 |
| Compensation of current officers, directors, key employees. | $6,105,418 |
| Compensation to disqualified persons | $1,241,660 |
| Other salaries and wages | $449,296,559 |
| Pension plan accruals and contributions | $32,034,899 |
| Other employee benefits | $63,224,977 |
| Payroll taxes | $27,684,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,102,312 |
| Fees for services: Accounting | $543,900 |
| Fees for services: Lobbying | $574,059 |
| Fees for services: Fundraising | $1,492,974 |
| Fees for services: Investment Management | $2,522,097 |
| Fees for services: Other | $61,651,012 |
| Advertising and promotion | $1,425,530 |
| Office expenses | $63,465,897 |
| Information technology | $10,981,582 |
| Royalties | $3,188,205 |
| Occupancy | $64,420,249 |
| Travel | $2,842,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,943,446 |
| Interest | $31,926,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,887,434 |
| Insurance | $0 |
| All other expenses | $3,270,240 |
| Total functional expenses | $1,138,493,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,657,938 |
| Pledges and grants receivable | $113,783,246 |
| Accounts receivable, net | $46,946,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,044,909 |
| Inventories for sale or use | $3,118,417 |
| Prepaid expenses and deferred charges | $4,052,303 |
| Net Land, buildings, and equipment | $1,144,795,674 |
| Investments—publicly traded securities | $504,370,530 |
| Investments—other securities | $2,766,990,629 |
| Investments—program-related | $28,366,733 |
| Intangible assets | $0 |
| Other assets | $135,893,864 |
| Total assets | $4,849,020,407 |
| Accounts payable and accrued expenses | $200,254,570 |
| Grants payable | $0 |
| Deferred revenue | $45,731,145 |
| Tax-exempt bond liabilities | $970,303,085 |
| Escrow or custodial account liability | $5,313,801 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,043,311 |
| Total liabilities | $1,350,645,912 |
| Net assets without donor restrictions | $1,721,930,920 |
| Net assets with donor restrictions | $1,776,443,575 |
| 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 | $4,849,020,407 |
Grants Awarded
Over the last fiscal year, Trustees Of Tufts College has awarded $24,925,843 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: SUBCONTRACT GRANT AWARD | $9,833,728 |
Cambridge, MA PURPOSE: SUBCONTRACT GRANT AWARD | $1,082,187 |
ARIZONA STATE UNIVERSITY PURPOSE: SUBCONTRACT GRANT AWARD | $793,846 |
Boston, MA PURPOSE: SUBCONTRACT GRANT AWARD | $631,783 |
Arlington, VA PURPOSE: SUBCONTRACT GRANT AWARD | $562,967 |
San Francisco, CA PURPOSE: SUBCONTRACT GRANT AWARD | $507,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees Of Tufts College has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Mackenzies Mission Great Falls, VA PURPOSE: Support of amyloidosis research. | $25,000 |
Endowment Analysis
| Beg. Balance | $1,937,273,772 |
| Earnings | $724,280,771 |
| Admin Expense | $5,641,834 |
| Net Contributions | $135,758,727 |
| Other Expense | $64,642,354 |
| Grants | $28,499,308 |
| Ending Balance | $2,698,529,774 |
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 |