Trustees Of The University Of Pennsylvania
- Assets
- $32.0b
- Revenue
- $11.1b
- Investments
- $14.3b
- Employees
- 56,699
- Location
- Philadelphia, PA
- Founding
- 10/1940
- Data as of
- 06/2022
- EIN
- 23-1352685
Organization Overview
Trustees Of The University Of Pennsylvania is located in Philadelphia, PA. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Trustees Of The University Of Pennsylvania employed 56,699 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The University Of Pennsylvania 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 06/2022, Trustees Of The University Of Pennsylvania generated $11.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $8.3b during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 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 2017, Trustees Of The University Of Pennsylvania has awarded 129 individual grants totaling $150,275,548. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES.
Describe the Organization's Program Activity:
EDUCATION, RESEARCH AND PUBLIC CHARITY- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
EDUCATION, RESEARCH AND PUBLIC CHARITY- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
PATIENT CARE- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
PATIENT CARE- SEE SCHEDULE O FOR ADDITIONAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Amy Gutmann Pres.,ex-Off Trustee-Thru 3/22 | OfficerTrustee | 55 | $22,821,735 |
Peter Ammon Chief Investment Officer | Officer | 55 | $5,126,303 |
Larry Jameson Exec. VP Uphs & Dean Of Psom | Officer | 55 | $4,487,073 |
N Scott Adzick MD Chop - Surgery | 55 | $3,093,408 | |
Craig Carnaroli Executive VP | Officer | 54 | $2,317,615 |
Kevin Mahoney Ceo, Uphs | Officer | 42 | $2,459,636 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intech Construction Inc Construction Mgmt | 6/29/22 | $35,374,385 |
Allied Universal Security Srvcs | 6/29/22 | $23,671,737 |
Jj White Inc Construction Mgmt | 6/29/22 | $27,407,318 |
Intech Construction Inc Construction Mgmt | 6/29/22 | $35,374,385 |
Tn Ward Company Construction Srvcs | 6/29/22 | $15,085,784 |
Allied Universal Security Srvcs | 6/29/22 | $23,671,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $296,728 |
| Related organizations | $0 |
| Government grants | $963,866,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $994,332,272 |
| Noncash contributions included in lines 1a–1f | $21,228,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,958,495,000 |
| Total Program Service Revenue | $6,205,156,106 |
| Investment income | $129,000,587 |
| Tax Exempt Bond Proceeds | $746,413 |
| Royalties | $1,261,022,000 |
| Net Rental Income | $19,991,000 |
| Net Gain/Loss on Asset Sales | $1,504,234,000 |
| Net Income from Fundraising Events | -$41,106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,078,595,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,557,056 |
| Grants and other assistance to domestic individuals. | $554,952,438 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,223,856 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,872,998 |
| Compensation of current officers, directors, key employees. | $2,693,650 |
| Compensation to disqualified persons | $13,697,284 |
| Other salaries and wages | $3,544,327,020 |
| Pension plan accruals and contributions | $238,993,000 |
| Other employee benefits | $437,538,716 |
| Payroll taxes | $242,138,000 |
| Fees for services: Management | $18,578,000 |
| Fees for services: Legal | $24,220,000 |
| Fees for services: Accounting | $2,782,000 |
| Fees for services: Lobbying | $302,000 |
| Fees for services: Fundraising | $801,333 |
| Fees for services: Investment Management | $56,641,000 |
| Fees for services: Other | $452,740,034 |
| Advertising and promotion | $24,786,000 |
| Office expenses | $303,291,000 |
| Information technology | $25,220,000 |
| Royalties | $2,395,000 |
| Occupancy | $261,418,000 |
| Travel | $41,344,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,786,000 |
| Interest | $97,827,000 |
| Payments to affiliates | $178,000 |
| Depreciation, depletion, and amortization | $427,562,000 |
| Insurance | $91,008,000 |
| All other expenses | $103,910,265 |
| Total functional expenses | $8,255,789,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,987,334,000 |
| Pledges and grants receivable | $511,664,000 |
| Accounts receivable, net | $1,124,192,000 |
| Loans from Officers, Directors, or Controlling Persons | $3,714,060 |
| Loans from Disqualified Persons | $13,453 |
| Notes and loans receivable | $56,077,487 |
| Inventories for sale or use | $52,046,000 |
| Prepaid expenses and deferred charges | $109,683,000 |
| Net Land, buildings, and equipment | $6,990,703,000 |
| Investments—publicly traded securities | $5,285,588,778 |
| Investments—other securities | $14,307,536,222 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $587,735,000 |
| Total assets | $32,016,287,000 |
| Accounts payable and accrued expenses | $3,247,798,000 |
| Grants payable | $0 |
| Deferred revenue | $141,161,000 |
| Tax-exempt bond liabilities | $2,324,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $116,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,527,246,000 |
| Total liabilities | $7,356,455,000 |
| Net assets without donor restrictions | $14,266,983,000 |
| Net assets with donor restrictions | $10,392,849,000 |
| 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 | $32,016,287,000 |
Grants Awarded
Over the last fiscal year, Trustees Of The University Of Pennsylvania has awarded $23,044,112 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY CITY DISTRICT PURPOSE: SUPPORT PROGRAM SERVICES | $5,659,659 |
SCHOOL DISTRICT OF PHILADELPHIA PURPOSE: SUPPORT PROGRAM SERVICES | $4,708,877 |
GREATER PHILADELPHIA CHAMBER OF COMMERCE PURPOSE: SUPPORT PROGRAM SERVICES | $218,479 |
SCHUYLKILL RIVER DEVELOPMENT CORPORATION PURPOSE: SUPPORT PROGRAM SERVICES | $125,000 |
UC GREEN PURPOSE: SUPPORT PROGRAM SERVICES | $75,000 |
UNITE FOR HER PURPOSE: SUPPORT PROGRAM SERVICES | $74,350 |