Columbia University In The City Of New York
- Assets
- $24.7b
- Revenue
- $6.6b
- Investments
- $13.3b
- Employees
- 41,753
- Location
- New York, NY
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 13-5598093
Organization Overview
Columbia University In The City Of New York is located in New York, NY. The organization was established in 1974. 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, Columbia University In The City Of New York employed 41,753 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Columbia University In The City Of New York 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, Columbia University In The City Of New York generated $6.6b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $5.6b during the year ending 06/2021. While expenses have increased by 4.1% 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, Columbia University In The City Of New York has awarded 3,170 individual grants totaling $963,632,621. 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 ATTACHMENT 1
Describe the Organization's Program Activity:
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK IS A PRIVATE, NONSECTARIAN, NONPROFIT INSTITUTION OF HIGHER EDUCATION WHOSE ACTIVITIES ARE CONCENTRATED AT THREE LOCATIONS IN NEW YORK CITY AND EXTEND ACROSS THE GLOBE. THE UNIVERSITY PROVIDES INSTRUCTION THROUGH SIXTEEN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL SCHOOLS. IT OPERATES A VARIETY OF RESEARCH INSTITUTES AND A LIBRARY SYSTEM TO SUPPORT ITS TEACHING, LEARNING, AND RESEARCH ACTIVITIES. THE UNIVERSITY ENROLLS APPROXIMATELY 31,455 FULL-TIME AND PART-TIME STUDENTS AND EMPLOYS APPROXIMATELY 18,568 FULL-TIME EMPLOYEES, INCLUDING 6,864 FULL-TIME FACULTY MEMBERS AND RESEARCH STAFF.
THE UNIVERSITY, THROUGH THE COLUMBIA UNIVERSITY IRVING MEDICAL CENTER AND ITS MEDICAL FACULTY PRACTICE PLAN, PROVIDES DIRECT PATIENT CARE AND OTHER CLINICAL AND EDUCATIONAL SERVICES TO HOSPITALS AND OTHER HEALTH CARE INSTITUTIONS THROUGH CONTRACTUAL AGREEMENTS FOR SERVICES. THE CLINICAL FACULTY HANDLED APPROXIMATELY 2 MILLION OUTPATIENT AND EMERGENCY ROOM VISITS AND PARTICIPATED IN INSTRUCTION AND SUPERVISION OF 603 UNIVERSITY MEDICAL STUDENTS AND 989 RESIDENTS AND FELLOWS AT NEW YORK PRESBYTERIAN HOSPITAL.
THE UNIVERSITY PERFORMS RESEARCH, TRAINING, AND OTHER SERVICES UNDER GRANTS AND CONTRACTS WITH AGENCIES OF THE FEDERAL GOVERNMENT AND OTHER SPONSORING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Gerald Lenke Professor Of Surgery | 60 | $7,028,626 | |
David N Silvers Clinical Professor | 60 | $3,774,311 | |
Ronald Arthur Lehman Jr Professor Of Surgery | 60 | $3,486,826 | |
Kiehyun Daniel Riew Professor Of Surgery | 60 | $3,381,265 | |
Paul Mccormick Professor Of Surgery | 59.9 | $3,000,909 | |
Peter Holland Ceo/evp Imc (through 9/30/20) | Officer | 60 | $2,950,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Debevoise Plimpton Llp Legal Services | 6/29/21 | $8,046,793 |
Hudson Heart Management Llc Medical Services | 6/29/21 | $7,308,144 |
Turner Construction Co Construction Srvcs | 6/29/21 | $205,913,002 |
Buckley Llp Legal Services | 6/29/21 | $4,211,126 |
Pavarini Mcgovern Llc Construction Srvcs | 6/29/21 | $3,582,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,154,350 |
| Related organizations | $0 |
| Government grants | $1,095,861,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,184,717 |
| Noncash contributions included in lines 1a–1f | $66,813,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,820,200,959 |
| Total Program Service Revenue | $3,376,188,473 |
| Investment income | $30,964,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,686,587 |
| Net Rental Income | $6,485,308 |
| Net Gain/Loss on Asset Sales | $1,312,525,874 |
| Net Income from Fundraising Events | -$68,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,627,730,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,098,084 |
| Grants and other assistance to domestic individuals. | $647,752,239 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,715,323 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,102,788 |
| Compensation of current officers, directors, key employees. | $13,343,840 |
| Compensation to disqualified persons | $2,923,565 |
| Other salaries and wages | $2,714,394,605 |
| Pension plan accruals and contributions | $223,234,031 |
| Other employee benefits | $317,076,442 |
| Payroll taxes | $144,939,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,908,822 |
| Fees for services: Accounting | $2,045,979 |
| Fees for services: Lobbying | $505,000 |
| Fees for services: Fundraising | $1,061,058 |
| Fees for services: Investment Management | $15,329,161 |
| Fees for services: Other | $305,293,655 |
| Advertising and promotion | $7,410,199 |
| Office expenses | $235,721,300 |
| Information technology | $38,158,756 |
| Royalties | $0 |
| Occupancy | $214,882,821 |
| Travel | $19,369,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,213,281 |
| Interest | $61,458,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,277,478 |
| Insurance | $45,449,854 |
| All other expenses | $23,759,615 |
| Total functional expenses | $5,578,205,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,898,438,772 |
| Pledges and grants receivable | $743,472,486 |
| Accounts receivable, net | $423,769,978 |
| Loans from Officers, Directors, or Controlling Persons | $2,964,114 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $95,394,097 |
| Inventories for sale or use | $2,196,171 |
| Prepaid expenses and deferred charges | $55,231,719 |
| Net Land, buildings, and equipment | $5,946,631,270 |
| Investments—publicly traded securities | $1,147,639,364 |
| Investments—other securities | $13,345,071,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $994,774,225 |
| Total assets | $24,655,584,077 |
| Accounts payable and accrued expenses | $420,046,035 |
| Grants payable | $0 |
| Deferred revenue | $400,153,444 |
| Tax-exempt bond liabilities | $1,657,975,746 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $830,894,290 |
| Other liabilities | $1,755,585,281 |
| Total liabilities | $5,064,654,796 |
| Net assets without donor restrictions | $8,260,072,376 |
| Net assets with donor restrictions | $11,330,856,905 |
| 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 | $24,655,584,077 |
Grants Awarded
Over the last fiscal year, Columbia University In The City Of New York has awarded $118,717,013 in support to 387 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY MEDICAL COLLEGE PURPOSE: Research | $6,239,842 |
Menands, NY PURPOSE: Research | $4,690,885 |
Bronx, NY PURPOSE: Research | $3,202,869 |
New York, NY PURPOSE: Capital Contr | $2,610,273 |
San Francisco, CA PURPOSE: Research | $2,604,044 |
Ann Arbor, MI PURPOSE: Research | $2,435,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Columbia University In The City Of New York has recieved totaling $40,179.
| Awarding Organization | Amount |
|---|---|
National Alopecia Areata Foundation San Rafael, CA PURPOSE: Research | $21,429 |
National Tuberous Sclerosis Association Inc Silver Spring, MD PURPOSE: RESEARCH GRANT | $18,750 |
Endowment Analysis
| Beg. Balance | $11,257,021,000 |
| Earnings | $3,364,720,000 |
| Admin Expense | $44,965,000 |
| Net Contributions | $366,226,000 |
| Other Expense | $454,306,000 |
| Grants | $138,726,000 |
| Ending Balance | $14,349,970,000 |
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 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
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 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |