Temple University-Of The Commonwealth System Of Higher Educ
- Assets
- $3.9b
- Revenue
- $1.5b
- Investments
- $668.8m
- Employees
- 16,441
- Location
- Philadelphia, PA
- Founding
- 08/1926
- Data as of
- 06/2021
- EIN
- 23-1365971
Organization Overview
Temple University-Of The Commonwealth System Of Higher Educ is located in Philadelphia, PA. The organization was established in 1926. 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, Temple University-Of The Commonwealth System Of Higher Educ employed 16,441 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple University-Of The Commonwealth System Of Higher Educ 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, Temple University-Of The Commonwealth System Of Higher Educ generated $1.5b in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.4b during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Temple University-Of The Commonwealth System Of Higher Educ has awarded 1,073 individual grants totaling $113,286,070. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ACCESS TO HIGH QUALITY AND AFFORDABLE HIGHER EDUCATION, WORLD-CLASS RESEARCH, AND PUBLIC SERVICE THROUGH ITS CAMPUSES AND DISTANCE LEARNING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - INCLUDES UNDERGRADUATE, GRADUATE, PROFESSIONAL, NON-CREDIT CONTINUING EDUCATION, AND DISTANCE LEARNING PROGRAMS.
RESEARCH - INCLUDES GOVERNMENTAL SPONSORED, PRIVATE SPONSORED, AND NON-SPONSORED RESEARCH.
AUXILIARY ENTERPRISES - INCLUDES STUDENT HOUSING AND DINING FACILITIES, TICKET SALES FOR ATHLETIC AND COMMUNITY EVENTS, OTHER ATHLETIC DEPARTMENT REVENUES, PARKING SERVICES, AND OTHER MISCELLANEOUS ACTIVITIES.
OTHER PROGRAM SERVICES LISTED BELOW:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Receivables Llc Food Management Services | 6/29/21 | $11,451,000 |
Universal Protection Services Llc Security Services | 6/29/21 | $11,037,000 |
Target Building Construction Construction Services | 6/29/21 | $10,154,000 |
E P Guidi Incorporated Construction Services | 6/29/21 | $6,552,000 |
Mayoseitz Media Inc Media Services | 6/29/21 | $5,326,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $256,870,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,964,000 |
| Noncash contributions included in lines 1a–1f | $3,904,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,844,000 |
| Total Program Service Revenue | $1,086,424,000 |
| Investment income | $41,215,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $435,000 |
| Net Rental Income | $1,338,000 |
| Net Gain/Loss on Asset Sales | $53,214,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,529,470,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,136,000 |
| Grants and other assistance to domestic individuals. | $195,081,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,915,000 |
| Compensation of current officers, directors, key employees. | $5,477,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,962,000 |
| Pension plan accruals and contributions | $47,811,000 |
| Other employee benefits | $79,024,000 |
| Payroll taxes | $48,724,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,552,000 |
| Fees for services: Accounting | $347,000 |
| Fees for services: Lobbying | $357,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,391,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,289,000 |
| Office expenses | $86,463,000 |
| Information technology | $33,711,000 |
| Royalties | $269,000 |
| Occupancy | $44,075,000 |
| Travel | $5,368,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,000 |
| Conferences, conventions, and meetings | $368,000 |
| Interest | $17,956,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,189,000 |
| Insurance | $4,909,000 |
| All other expenses | $0 |
| Total functional expenses | $1,364,025,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,000 |
| Savings and temporary cash investments | $309,365,000 |
| Pledges and grants receivable | $70,816,000 |
| Accounts receivable, net | $136,059,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,679,000 |
| Inventories for sale or use | $477,000 |
| Prepaid expenses and deferred charges | $31,138,000 |
| Net Land, buildings, and equipment | $1,581,236,000 |
| Investments—publicly traded securities | $927,546,000 |
| Investments—other securities | $668,772,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,131,000 |
| Total assets | $3,873,437,000 |
| Accounts payable and accrued expenses | $261,652,000 |
| Grants payable | $0 |
| Deferred revenue | $89,372,000 |
| Tax-exempt bond liabilities | $435,293,000 |
| Escrow or custodial account liability | $1,989,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $182,193,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $970,499,000 |
| Net assets without donor restrictions | $2,319,666,000 |
| Net assets with donor restrictions | $583,272,000 |
| 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 | $3,873,437,000 |
Grants Awarded
Over the last fiscal year, Temple University-Of The Commonwealth System Of Higher Educ has awarded $9,111,894 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Research subcontract | $977,348 |
Newark, DE PURPOSE: Research subcontract | $516,147 |
Philadelphia, PA PURPOSE: Research subcontract | $494,783 |
Philadelphia, PA PURPOSE: Research subcontract | $479,533 |
Oakland, CA PURPOSE: Research subcontract | $435,878 |
Philadelphia, PA PURPOSE: Research subcontract | $381,786 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Temple University-Of The Commonwealth System Of Higher Educ has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
The Crimsonbridge Foundation Inc Washington, DC PURPOSE: COLLEGE SUCCESS - DATA DASHBOARD FOR ADDRESSING STUDENTS BASIC NEEDS | $35,000 |
Endowment Analysis
| Beg. Balance | $688,479,000 |
| Earnings | $198,664,000 |
| Net Contributions | $22,289,000 |
| Other Expense | -$3,504,000 |
| Grants | $26,878,000 |
| Ending Balance | $886,058,000 |
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 |
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 |