The Governors Of The University Of Calgary
- Assets
- $3.4b
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 12/1969
- Data as of
- 03/2021
- EIN
- 23-7067592
Organization Overview
The Governors Of The University Of Calgary is located in null. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governors Of The University Of Calgary 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 03/2021, Governors Of The University Of Calgary generated $1.1b in total revenue. All expenses for the organization totaled $1.1b during the year ending 03/2021. While expenses have increased by 886.2% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF CALGARY IS A GLOBAL INTELLECTUAL HUB LOCATED IN CANADA'S MOST ENTERPRISING CITY. IN THIS SPIRITED, HIGH QUALITY LEARNING ENVIRONMENT STUDENTS WILL THRIVE IN PROGRAMS MADE RICH BY RESEARCH, HANDS-ON EXPERIENCES AND ENTREPRENEURIAL THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS: THE UNIVERSITY PROVIDES EDUCATION SO THAT SOCIETY'S INDIVIDUALS MAY ADVANCE THEMSELVES BY GRADUATING WITH DEGREES FROM VARIOUS FACULTIES AND PROGRAMS. REVENUE FROM GENERAL OPERATIONS INCLUDES THE PROVINCIAL GOVERNMENT OPERATING GRANT, TUITION FEE REVENUE, INVESTMENT INCOME AVAILABLE FOR GENERAL SPENDING, AND ANY NEW REVENUE GENERATED BY FACULTIES AND ADMINISTRATIVE UNITS. APPROXIMATELY 35,000 STUDENTS FROM ALL CANADIAN PROVINCES AND 100+ OTHER COUNTRIES PARTICIPATING IN 14 FACULTIES: ARTS, CUMMING SCHOOL OF MEDICINE, ENVIRONMENTAL DESIGN, GRADUATE STUDIES, HASKAYNE SCHOOL OF BUSINESS, KINESIOLOGY, LAW, NURSING, QATAR FACULTY, SCHULICH SCHOOL OF ENGINEERING, SCIENCE, SOCIAL WORK, VETERINARY MEDICINE, WERKLUND SCHOOL OF EDUCATION
SPONSORED RESEARCH: THE UNIVERSITY CONDUCTS RESEARCH ACTIVITIES TO FULFILL ITS MISSION TO SEEK TRUTH AND DISSEMINATE KNOWLEDGE. FUNDED BY GRANTS AND CONTRACTS FROM EXTERNAL SPONSORS, DONATIONS AND ENDOWMENT INVESTMENT INCOME.
ANCILLARY SERVICES: THE UNIVERSITY PROVIDES GOODS AND SERVICES TO THE UNIVERSITY COMMUNITY AND TO INDIVIDUALS, COMPANIES, AND ORGANIZATIONS EXTERNAL TO THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Vi VP Facilities - Incumbent | Officer | 50 | $482,102 |
Henry I President - Incumbent | OfficerTrustee | 50 | $342,717 |
Henry II Provost And VP Academic - Incumbent | Officer | 50 | $333,671 |
Henry III VP Advancement - Past Incumbent | Officer | 50 | $299,522 |
Henry Vii VP Finance And Services - Incumbent | Officer | 50 | $251,174 |
John I Professor | 50 | $317,319 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stuart Olson Construction Ltd Construction Management | 3/30/21 | $33,215,581 |
Ellisdon Construction Services Inc Construction Management | 3/30/21 | $16,812,471 |
Si Systems Staffing Services | 3/30/21 | $5,173,280 |
Fiera Properties Limited Itf Real Estate Management | 3/30/21 | $4,286,362 |
Gibbs Gage Architects Architectural Services | 3/30/21 | $3,107,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $622,019,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,793,808 |
| Noncash contributions included in lines 1a–1f | $1,794,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,813,084 |
| Total Program Service Revenue | $261,956,079 |
| Investment income | $58,181,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,053,950,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $86,281,023 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,768,038 |
| Compensation of current officers, directors, key employees. | $2,768,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,481,362 |
| Pension plan accruals and contributions | $59,916,592 |
| Other employee benefits | $26,628,453 |
| Payroll taxes | $22,451,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,405,203 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,827,661 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,009,610 |
| Office expenses | $160,520,223 |
| Information technology | $1,799,627 |
| Royalties | $8,917 |
| Occupancy | $5,691,089 |
| Travel | $3,397,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,094,477 |
| Interest | $5,050,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,755,337 |
| Insurance | $2,235,928 |
| All other expenses | $0 |
| Total functional expenses | $1,061,572,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,043,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,432,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,828,012 |
| Prepaid expenses and deferred charges | $11,327,661 |
| Net Land, buildings, and equipment | $1,597,902,394 |
| Investments—publicly traded securities | $1,554,133,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$3,559,092 |
| Total assets | $3,436,108,328 |
| Accounts payable and accrued expenses | $153,719,116 |
| Grants payable | $0 |
| Deferred revenue | $1,615,965,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $112,381,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,707,801 |
| Total liabilities | $1,964,773,556 |
| Net assets without donor restrictions | $22,945,421 |
| Net assets with donor restrictions | $1,448,389,351 |
| 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 | $3,436,108,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|