Carleton University
- Assets
- $1.4b
- Revenue
- $560.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 12/1970
- Data as of
- 04/2024
- EIN
- 23-7088831
Organization Overview
Carleton University is located in null. The organization was established in 1970. 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. Carleton University 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 04/2024, Carleton University generated $560.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $591.5m during the year ending 04/2024. While expenses have increased by 4.7% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CARLETON UNIVERSITY PROVIDES POST SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS, PLANT FUND, SCHOLARSHIP AND BURSARIES
SPONSORED AND CONTRACT RESEARCH
ANCILLARY OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benoit Antoine Bacon President | Officer | 35 | $291,090 |
Dana Brown Dean | 35 | $215,523 | |
Larry Kostiuk Dean | 35 | $211,354 | |
Thomas Tomberlin Member Of Board Of Governors, Interim President | Officer | 35 | $231,004 |
Lorraine Dyke VP Finance & Admin | Officer | 35 | $203,633 |
Howard Nemiroff Professor | 35 | $198,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C And W Facilities Services Maintenance | 4/29/24 | $7,724,718 |
Aramark Food Services | 4/29/24 | $17,067,484 |
Hein Construction | 4/29/24 | $3,118,942 |
Sullivan M & Son Ltd Construction | 4/29/24 | $24,822,875 |
Jumec Contruction Inc Construction | 4/29/24 | $2,754,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,649,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,796,428 |
| Noncash contributions included in lines 1a–1f | $10,547,581 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,446,332 |
| Total Program Service Revenue | $379,071,267 |
| Investment income | $26,930,146 |
| 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 | $560,447,745 |
| 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 | $41,543,696 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,188,244 |
| Compensation of current officers, directors, key employees. | $1,307,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,620,910 |
| Pension plan accruals and contributions | $13,964,497 |
| Other employee benefits | $45,958,543 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $428,556 |
| Fees for services: Accounting | $95,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $613,888 |
| Fees for services: Other | $14,367,719 |
| Advertising and promotion | $1,872,645 |
| Office expenses | $18,538,657 |
| Information technology | $764,371 |
| Royalties | $0 |
| Occupancy | $33,603,852 |
| Travel | $1,981,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,654,382 |
| Interest | $1,626,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,054,359 |
| Insurance | $822,488 |
| All other expenses | $0 |
| Total functional expenses | $591,471,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,269,994 |
| Savings and temporary cash investments | $416,913,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,262,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,929,748 |
| Net Land, buildings, and equipment | $541,172,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $357,740,921 |
| Intangible assets | $0 |
| Other assets | $2,673,789 |
| Total assets | $1,404,961,814 |
| Accounts payable and accrued expenses | $134,589,363 |
| Grants payable | $0 |
| Deferred revenue | $236,065,777 |
| 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 | $30,431,009 |
| Unsecured mortgages and notes payable | $160,050,000 |
| Other liabilities | $0 |
| Total liabilities | $561,136,149 |
| Net assets without donor restrictions | $241,403,200 |
| Net assets with donor restrictions | $602,422,465 |
| 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 | $1,404,961,814 |
Peer Organizations
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|---|