Mcmaster University Ontario
- Assets
- $2.8b
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 11/1938
- Data as of
- 04/2023
- EIN
- 23-7213309
Organization Overview
Mcmaster University Ontario is located in null. The organization was established in 1938. 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. Mcmaster University Ontario 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 04/2023, Mcmaster University Ontario generated $1.1b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $944.6m during the year ending 04/2023. While expenses have increased by 3.8% per year over the past 8 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 2015, Mcmaster University Ontario has awarded 66 individual grants totaling $4,429,686. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O - ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING FUND -- UNRESTRICTED GENERAL REVENUES AND EXPENSES THAT ARE DIRECTLY RELATED TO THE MISSION OF THE UNIVERSITY, EDUCATION AND ACTIVITIES SUPPORTING RESEARCH.
RESEARCH FUND -- RESEARCH-RELATED FUNDS EXTERNALLY RESTRICTED BY THE UNIVERSITY THAT HAVE A NON-EXPANDABLE REQUIREMENT AS WELL AS OTHER LEGAL REQUIREMENTS FOR USE AS AGREED UPON BY THE DONOR AND THE UNIVERSITY.
ANCILLARY FUND -- SALES OF GOODS AND SERVICES BY DEPARTMENTS THAT ARE DEFINED AS BEING SUPPLEMENTARY TO THE UNIVERSITY'S OPERATING ACTIVITIES OF EDUCATION AND RESEARCH. SUCH SALES MAY BE MADE TO THE UNIVERSITY COMMUNITY AND/OR EXTERNAL CLIENTS. ANCILLARY OPERATIONS ARE SELF-SUSTAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salim Yusuf Professor | 40 | $374,049 | |
Claudia Emerson Associate Professor | 40 | $346,695 | |
Mohit Bhandari Professor | 40 | $365,214 | |
Paul O'byrne VP Faculty Of Health Sciences | Officer | 40 | $343,460 |
David Farrar President/vice-Chancellor | OfficerTrustee | 40 | $313,433 |
Parminder Raina Professor | 40 | $310,796 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Mckenzie Llp Legal Fees | 4/29/23 | $4,522,715 |
Touche Advertising Expense | 4/29/23 | $4,494,599 |
Gowling Wlg Canada Llp Legal Fees | 4/29/23 | $815,742 |
Bereskin And Parr Legal Fee | 4/29/23 | $607,058 |
Aljanex Medical Consultants Limited Royalty Expense | 4/29/23 | $806,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,403,958 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,809,769 |
| Government grants | $340,206,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,959,826 |
| Noncash contributions included in lines 1a–1f | $3,724,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,380,497 |
| Total Program Service Revenue | $340,646,351 |
| Investment income | $82,687,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,578,684 |
| Net Rental Income | $1,028,117 |
| 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 | $17,622,131 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,057,098,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $611,443 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $60,885,333 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,941,811 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,964,490 |
| Pension plan accruals and contributions | $37,415,879 |
| Other employee benefits | $32,493,480 |
| Payroll taxes | $42,441,370 |
| Fees for services: Management | $6,118,538 |
| Fees for services: Legal | $5,513,011 |
| Fees for services: Accounting | $290,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,275,176 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,105,898 |
| Office expenses | $68,700,786 |
| Information technology | $8,990,826 |
| Royalties | $2,708,848 |
| Occupancy | $16,180,916 |
| Travel | $12,328,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,674,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,237,931 |
| Insurance | $2,545,552 |
| All other expenses | $37,783,125 |
| Total functional expenses | $944,578,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,062,896 |
| Savings and temporary cash investments | $306,380,910 |
| Pledges and grants receivable | $90,766,681 |
| Accounts receivable, net | $66,755,781 |
| Loans from Officers, Directors, or Controlling Persons | $353,513 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,794,668 |
| Prepaid expenses and deferred charges | $12,132,125 |
| Net Land, buildings, and equipment | $1,006,202,681 |
| Investments—publicly traded securities | $1,292,954,780 |
| Investments—other securities | $0 |
| Investments—program-related | $34,312,123 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,832,716,158 |
| Accounts payable and accrued expenses | $158,699,367 |
| Grants payable | $0 |
| Deferred revenue | $17,756,665 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $310,231,993 |
| Other liabilities | $934,197,967 |
| Total liabilities | $1,420,885,992 |
| Net assets without donor restrictions | $859,091,913 |
| Net assets with donor restrictions | $552,738,253 |
| 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 | $2,832,716,158 |
Grants Awarded
Over the last fiscal year, Mcmaster University Ontario has awarded $611,443 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO PURPOSE: SUB-GRANT | $182,411 |
SYRACUSE UNIVERSITY PURPOSE: SUB-GRANT | $5,264 |
VIRGINIA COMMWEALTH UNIVERSITY PURPOSE: SUB-GRANT | $18,048 |
CONNECTED CAMPS PURPOSE: SUB-GRANT | $43,240 |
UNIVERSITY OF ARKANSAS PURPOSE: SUB-GRANT | $5,264 |
BUDDHIST GEEKS PURPOSE: SUB-GRANTS | $43,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|