University Of Pittsburgh
- Assets
- $9.7b
- Revenue
- $3.2b
- Investments
- $4.3b
- Employees
- 26,951
- Location
- Pittsburgh, PA
- Founding
- 03/2017
- Data as of
- 06/2022
- 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 06/2022, University Of Pittsburgh employed 26,951 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 06/2022, University Of Pittsburgh generated $3.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.9b during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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 2,650 individual grants totaling $761,948,264. 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
2022
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.
EXPENSES GRANTS REVENUESTUDENT SERVICES 236,109,979 AUXILIARY ENTERPRISES 158,672,996 139,524,655LIBRARIES 51,965,094PUBLIC SERVICE 107,620,114 1,190,216
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Grefenstette Trustee | Trustee | 5 | $0 |
Patrick D Gallagher Chancellor / CEO | OfficerTrustee | 40 | $680,229 |
Jane Bilewicz Allred Trustee | Trustee | 5 | $0 |
John A Barbour Trustee | Trustee | 5 | $0 |
Sundaa Bridgett-Jones Trustee | Trustee | 5 | $0 |
Douglas M Browning Chair Of The Bot | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Food Service | 6/29/22 | $15,338,631 |
Pj Dick Inc Construction | 6/29/22 | $15,038,488 |
Turner Construction Co Construction | 6/29/22 | $9,040,408 |
Regents Of The University Of Michigan Research Subcontracts | 6/29/22 | $6,312,798 |
Burchick Construction Co Inc Construction | 6/29/22 | $8,855,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,031 |
| Related organizations | $225,684,833 |
| Government grants | $221,672,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,910,213 |
| Noncash contributions included in lines 1a–1f | $9,581,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,482,564 |
| Total Program Service Revenue | $2,234,980,838 |
| Investment income | $44,069,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,168,143 |
| Net Rental Income | $5,195,559 |
| Net Gain/Loss on Asset Sales | $321,114,370 |
| Net Income from Fundraising Events | -$277,469 |
| Net Income from Gaming Activities | $89,500 |
| Net Income from Sales of Inventory | $3,146,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,230,553,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,623,657 |
| Grants and other assistance to domestic individuals. | $263,296,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,023,280 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,689,933 |
| Compensation of current officers, directors, key employees. | $4,160,665 |
| Compensation to disqualified persons | $2,911,705 |
| Other salaries and wages | $1,189,277,838 |
| Pension plan accruals and contributions | $112,253,455 |
| Other employee benefits | $193,766,540 |
| Payroll taxes | $80,250,844 |
| Fees for services: Management | $540,938 |
| Fees for services: Legal | $13,038,986 |
| Fees for services: Accounting | $1,151,950 |
| Fees for services: Lobbying | $623,750 |
| Fees for services: Fundraising | $441,222 |
| Fees for services: Investment Management | $57,639,603 |
| Fees for services: Other | $227,527,408 |
| Advertising and promotion | $2,181,118 |
| Office expenses | $115,355,117 |
| Information technology | $47,461,387 |
| Royalties | $0 |
| Occupancy | $156,267,993 |
| Travel | $39,178,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,877,197 |
| Interest | $51,482,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,852,728 |
| Insurance | $11,663,396 |
| All other expenses | $0 |
| Total functional expenses | $2,920,271,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,111,206,572 |
| Pledges and grants receivable | $69,687,774 |
| Accounts receivable, net | $258,011,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,635,921 |
| Inventories for sale or use | $5,635,697 |
| Prepaid expenses and deferred charges | $24,449,677 |
| Net Land, buildings, and equipment | $2,397,508,041 |
| Investments—publicly traded securities | $1,317,461,960 |
| Investments—other securities | $4,262,599,508 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,348,593 |
| Total assets | $9,742,545,228 |
| Accounts payable and accrued expenses | $793,298,700 |
| Grants payable | $0 |
| Deferred revenue | $159,297,501 |
| Tax-exempt bond liabilities | $95,718,550 |
| 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 | $1,367,985,653 |
| Other liabilities | $599,558,361 |
| Total liabilities | $3,015,858,765 |
| Net assets without donor restrictions | $4,356,312,437 |
| Net assets with donor restrictions | $2,370,374,026 |
| 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 | $9,742,545,228 |
Grants Awarded
Over the last fiscal year, University Of Pittsburgh has awarded $129,397,180 in support to 328 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIVERSITY PURPOSE: RESEARCH- SUBCONTRACT | $7,692,987 |
REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: RESEARCH- SUBCONTRACT | $4,964,719 |
NEW YORK UNIVERSITY PURPOSE: RESEARCH- SUBCONTRACT | $17,074,410 |
UNIVERSITY OF ILLINOIS PURPOSE: RESEARCH- SUBCONTRACT | $5,049,445 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: RESEARCH- SUBCONTRACT | $4,004,581 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: RESEARCH- SUBCONTRACT | $1,778,494 |