Trustees Of The University Of Pennsylvania
- Assets
- $24.6b
- Revenue
- $7.6b
- Investments
- $9.5b
- Employees
- 53,574
- Location
- Philadelphia, PA
- Founding
- 10/1940
- Data as of
- 06/2020
- 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 06/2021, Trustees Of The University Of Pennsylvania employed 53,574 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 06/2020, Trustees Of The University Of Pennsylvania generated $7.6b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.2b during the year ending 06/2020. While expenses have increased by 4.2% 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 2017, Trustees Of The University Of Pennsylvania has awarded 67 individual grants totaling $128,377,344. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
EDUCATION, RESEARCH AND PUBLIC CHARITY- 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 |
|---|---|---|---|
Larry Jameson Exec. VP Uphs & Dean Of Psom | Officer | 54 | $3,652,391 |
Peter Ammon Chief Investment Officer | Officer | 55 | $3,367,215 |
Dr Amy Gutmann President, Ex-Officio Trustee | OfficerTrustee | 55 | $2,569,174 |
William C Welch MD Cpup - Neurosurgery | 55 | $2,076,401 | |
Kevin Mahoney Ceo, Uphs | Officer | 42 | $2,033,167 |
Paul Marcotte MD Cpup - Neurosurgery | 55 | $1,984,316 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intech Construction Inc Construction Mgmt | 6/29/21 | $68,594,847 |
Hsc Builders Construction Manager Construction Mgmt | 6/29/21 | $42,969,678 |
Hunter Roberts Construction Group Construction Mgmt | 6/29/21 | $40,837,197 |
40th Street Associates Llc Construction Mgmt | 6/29/21 | $24,785,612 |
Lf Driscoll Company Llc Construction Mgmt | 6/29/21 | $25,130,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,501,000 |
| Investment income | $103,425,000 |
| Tax Exempt Bond Proceeds | $3,915,000 |
| Royalties | $70,002,000 |
| Net Rental Income | $18,551,000 |
| Net Gain/Loss on Asset Sales | $411,271,000 |
| Net Income from Fundraising Events | -$52,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $624,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,624,539,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $496,753,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,033,789 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,206,974 |
| Compensation to disqualified persons | $20,937,147 |
| Other salaries and wages | $3,154,293,769 |
| Pension plan accruals and contributions | $220,412,000 |
| Other employee benefits | $394,371,109 |
| Payroll taxes | $211,622,000 |
| Fees for services: Management | $7,307,000 |
| Fees for services: Legal | $16,941,000 |
| Fees for services: Accounting | $2,831,000 |
| Fees for services: Lobbying | $251,000 |
| Fees for services: Fundraising | $1,569,916 |
| Fees for services: Investment Management | $53,416,000 |
| Fees for services: Other | $431,940,000 |
| Advertising and promotion | $25,721,000 |
| Office expenses | $238,807,000 |
| Information technology | $14,491,000 |
| Royalties | $1,805,000 |
| Occupancy | $198,303,000 |
| Travel | $63,258,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,506,000 |
| Interest | $63,834,000 |
| Payments to affiliates | -$1,782,000 |
| Depreciation, depletion, and amortization | $343,592,000 |
| Insurance | $74,538,000 |
| All other expenses | $0 |
| Total functional expenses | $7,213,047,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,681,542,000 |
| Pledges and grants receivable | $473,985,000 |
| Accounts receivable, net | $597,946,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $637,381 |
| Notes and loans receivable | $62,743,619 |
| Inventories for sale or use | $40,043,000 |
| Prepaid expenses and deferred charges | $88,490,000 |
| Investments—publicly traded securities | $5,200,547,595 |
| Investments—other securities | $9,526,822,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532,162,000 |
| Total assets | $24,607,104,000 |
| Accounts payable and accrued expenses | $2,849,963,000 |
| Grants payable | $0 |
| Deferred revenue | $115,434,000 |
| Tax-exempt bond liabilities | $2,862,562,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $182,382,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,270,415,000 |
| Total liabilities | $8,280,756,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $16,326,348,000 |
Grants Awarded
Over the last fiscal year, Trustees Of The University Of Pennsylvania has awarded $95,686,507 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF PHILADELPHIA PURPOSE: GRANT | $91,326,371 |
Philadelphia, PA PURPOSE: GRANT | $3,697,656 |
Philadelphia, PA PURPOSE: GRANT | $213,480 |
Philadelphia, PA PURPOSE: SUPPORT PRGM SRVCS | $125,000 |
Philadelphia, PA PURPOSE: GRANT | $50,000 |
New York, NY PURPOSE: GRANT | $32,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Trustees Of The University Of Pennsylvania has recieved totaling $1,442,250.
| Awarding Organization | Amount |
|---|---|
Gordon Gund And Llura Liggett Gund 1993 Charitable Foundation Princeton, NJ PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION | $352,000 |
Raynier Institute & Foundation Wilmington, DE PURPOSE: TO SUPPORT 3 CUTTING-EDGE STUDIES LEAD BY DR. ANGIE DEMICHELE. THEY INCLUDE THE PALAVY, SURMOUNT, AND ABBY RESEARCH STUDIES. | $250,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. BRYSON KATONA FOR PANCREATIC CANCER EARLY DETECTION RESEARCH | $180,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. KIM REISS BINDER FOR DNA REPAIR DEFICIENT PANCREATIC CANCER RESEARCH | $150,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. KIM REISS BINDER FOR DNA REPAIR DEFICIENT PANCREATIC CANCER RESEARCH | $150,000 |
Altirs Foundation Wilmington, DE PURPOSE: MEN'S SOCCER ASSISTANT COACH ENDOWMENT FUND | $100,000 |
Endowment Analysis
| Beg. Balance | $13,143,906,966 |
| Earnings | $5,154,234,442 |
| Net Contributions | $522,077,029 |
| Other Expense | $694,713,509 |
| Ending Balance | $18,125,504,928 |
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 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
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 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |