University Of Pittsburgh
- Assets
- $9.7b
- Revenue
- $3.2b
- Investments
- $4.4b
- Employees
- 26,867
- Location
- Pittsburgh, PA
- Founding
- 03/2017
- Data as of
- 06/2021
- EIN
- 25-0965591
Organization Overview
University Of Pittsburgh is located in Pittsburgh, PA. The organization was established in 2017. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, University Of Pittsburgh employed 26,867 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Pittsburgh 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, University Of Pittsburgh generated $3.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.7b during the year ending 06/2021. While expenses have increased by 3.0% 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 2015, University Of Pittsburgh has awarded 2,663 individual grants totaling $721,479,353. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY EDUCATIONAL SERVICES, RESEARCH, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
RESEARCH - INCLUDES EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH OUTCOMES WHETHER COMMISSIONED BY AN EXTERNAL AGENCY OR BUDGETED BY A UNIT.
INSTRUCTION - INCLUDES EXPENDITURES FOR ACTIVITIES OF THE INSTITUTION'S INSTRUCTION PROGRAMS.
ACADEMIC SUPPORT - INCLUDES EXPENDITURES IN SUPPORT OF THE UNIVERSITY'S PRIMARY MISSIONS - INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.
EXPENSES GRANTS REVENUESTUDENT SERVICES 197,942,351 AUXILIARY ENTERPRISES 164,417,014 89,962,372LIBRARIES 51,928,897PUBLIC SERVICE 91,124,489 655,287
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick R Narduzzi Head Football Coach | 40 | $5,391,518 | |
F Jeffrey Capel III Head Men's Basketball Coach | 40 | $3,572,820 | |
Arthur S Levine Svc Health Sciences Thru 6/1/20 | 40 | $1,337,067 | |
Anantha Shekhar Sr Vice Chancellor Health Sciences | Officer | 40 | $908,857 |
Heather R Lyke Director Of Athletics | 40 | $788,021 | |
Patrick D Gallagher Chancellor / CEO | OfficerTrustee | 40 | $675,467 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pj Dick Inc Construction | 6/29/21 | $27,512,139 |
Mascaro Construction Co Lp Construction | 6/29/21 | $27,076,337 |
Turner Construction Co Construction | 6/29/21 | $16,198,634 |
Sodexo Food Service | 6/29/21 | $10,782,381 |
Chartwells Dining Services Food Service | 6/29/21 | $14,693,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $600,598 |
| Related organizations | $250,436,364 |
| Government grants | $219,508,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,185,330 |
| Noncash contributions included in lines 1a–1f | $6,557,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,730,728 |
| Total Program Service Revenue | $2,066,084,614 |
| Investment income | $118,383,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,620,438 |
| Net Rental Income | $7,091,660 |
| Net Gain/Loss on Asset Sales | $543,328,492 |
| Net Income from Fundraising Events | -$64,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,523,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,225,989,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,629,666 |
| Grants and other assistance to domestic individuals. | $252,183,681 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,343,186 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,262,499 |
| Compensation of current officers, directors, key employees. | $5,461,243 |
| Compensation to disqualified persons | $2,552,713 |
| Other salaries and wages | $1,167,555,208 |
| Pension plan accruals and contributions | $107,901,715 |
| Other employee benefits | $170,368,838 |
| Payroll taxes | $73,356,848 |
| Fees for services: Management | $518,518 |
| Fees for services: Legal | $13,934,827 |
| Fees for services: Accounting | $919,327 |
| Fees for services: Lobbying | $948,017 |
| Fees for services: Fundraising | $374,137 |
| Fees for services: Investment Management | $50,790,233 |
| Fees for services: Other | $194,209,546 |
| Advertising and promotion | $1,054,616 |
| Office expenses | $105,834,465 |
| Information technology | $50,095,227 |
| Royalties | $0 |
| Occupancy | $165,049,020 |
| Travel | $14,148,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,787,442 |
| Interest | $47,329,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,024,292 |
| Insurance | $10,390,750 |
| All other expenses | $0 |
| Total functional expenses | $2,749,837,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,225,674,034 |
| Pledges and grants receivable | $210,315,040 |
| Accounts receivable, net | $103,397,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,836,425 |
| Inventories for sale or use | $4,579,035 |
| Prepaid expenses and deferred charges | $19,018,552 |
| Net Land, buildings, and equipment | $2,053,683,226 |
| Investments—publicly traded securities | $1,290,954,963 |
| Investments—other securities | $4,418,128,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,876,929 |
| Total assets | $9,651,464,888 |
| Accounts payable and accrued expenses | $980,775,879 |
| Grants payable | $0 |
| Deferred revenue | $147,981,347 |
| Tax-exempt bond liabilities | $95,756,690 |
| 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 | $1,414,390,936 |
| Other liabilities | $463,339,667 |
| Total liabilities | $3,102,244,519 |
| Net assets without donor restrictions | $4,201,260,977 |
| Net assets with donor restrictions | $2,347,959,392 |
| 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 | $9,651,464,888 |
Grants Awarded
Over the last fiscal year, University Of Pittsburgh has awarded $101,352,936 in support to 347 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: RESEARCH- SUBCONTRACT | $7,139,915 |
Pittsburgh, PA PURPOSE: RESEARCH- SUBCONTRACT | $6,552,339 |
New York, NY PURPOSE: RESEARCH- SUBCONTRACT | $5,286,048 |
Urbana, IL PURPOSE: RESEARCH- SUBCONTRACT | $4,298,234 |
Baltimore, MD PURPOSE: RESEARCH- SUBCONTRACT | $2,464,795 |
Boston, MA PURPOSE: RESEARCH- SUBCONTRACT | $2,396,764 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that University Of Pittsburgh has recieved totaling $909,843.
| Awarding Organization | Amount |
|---|---|
Atlas Economic Research Foundation Arlington, VA PURPOSE: Economic Education | $405,465 |
Anne G Carson Charitable Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $254,502 |
Neurodegenerative Disease Research Inc Reddick, FL PURPOSE: Medical Research | $125,000 |
Adira Foundation Richmond, VA PURPOSE: School of Nursing competitive | $79,965 |
Organization Name not Listed PURPOSE: RESEARCH | | $25,000 |
The Huether Foundation Inc Phoenix, MD PURPOSE: SCHOLARSHIP PROGRAM, SEE PART IX-A | $10,000 |
Endowment Analysis
| Beg. Balance | $4,203,474,474 |
| Earnings | $1,605,842,000 |
| Admin Expense | $15,589,418 |
| Net Contributions | $29,831,000 |
| Other Expense | $124,056,830 |
| Grants | $19,275,340 |
| Ending Balance | $5,680,225,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |