Carnegie Mellon University
- Assets
- $6.3b
- Revenue
- $2.0b
- Investments
- $2.1b
- Employees
- 14,425
- Location
- Pittsburgh, PA
- Founding
- 09/1992
- Data as of
- 06/2021
- EIN
- 25-0969449
Organization Overview
Carnegie Mellon University is located in Pittsburgh, PA. The organization was established in 1992. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Carnegie Mellon University employed 14,425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carnegie Mellon 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 06/2021, Carnegie Mellon University generated $2.0b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.4b during the year ending 06/2021. While expenses have increased by 2.4% 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, Carnegie Mellon University has awarded 1,193 individual grants totaling $235,370,027. 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
HIGHER EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
INSTRUCTION:CARNEGIE MELLON IS A HYBRID OF A TECHNICAL INSTITUTE, FINE-ARTS CONSERVATORY AND TRADITIONAL RESEARCH UNIVERSITY, HAVING EVOLVED IN RESPONSE TO EMERGING SOCIAL NEEDS AND INTELLECTUAL DEVELOPMENT OF THE PAST CENTURY. UNITING TECHNOLOGY AND ARTS, FUSING THE PRACTICAL WITH THE IMAGINATIVE, MAINTAINING ITS EDUCATIONAL EMPHASIS ON DEVELOPING SKILLS TO SOLVE PROBLEMS.INCLUDES 7 COLLEGES AND SCHOOLS OFFERING DEGREE PROGRAMS AND MORE THAN 100 MAJORS AND MINORS TO APPROXIMATELY 14,190 UNDERGRADUATES, GRADUATES AND DOCTORAL STUDENTS. INSTRUCTION INCLUDES ACADEMIC SUPPORT AND STUDENT SERVICES.CARNEGIE MELLON HAS ITS MAIN CAMPUS IN PITTSBURGH, SATELLITE CAMPUSES IN SILICON VALLEY AND DOHA, QATAR, AND DEGREE-GRANTING PROGRAMS IN COORDINATION WITH GLOBAL PROGRAMS INCLUDING AUSTRALIA, JAPAN, PORTUGAL, RWANDA, SINGAPORE AND THAILAND.NATIONALLY AND GLOBALLY, CARNEGIE MELLON HAS BECOME A MAJOR VOICE OF CONNECTIVITY IN TECHNOLOGY, EXPANSION OF EDUCATIONAL OPPORTUNITY AND ECONOMIC DEVELOPMENT.
RESEARCH:CARNEGIE MELLON HOLDS A PROUD VISION OF ITSELF AS A DISTINCTIVE AND DIFFERENT KIND OF RESEARCH UNIVERSITY WHERE NATIONALLY RECOGNIZED PROGRAMS FROM ACROSS THE LEADING DISCIPLINES, FROM COMPUTING AND ENGINEERING TO FINE ARTS, INTERSECT. IT IS A DECENTRALIZED COMMUNITY OF SCIENTISTS AND INTELLECTUALS, ARTISTS AND POLICYMAKERS, BUSINESS EXPERTS AND POETS. THE DIVERSE AND DECENTRALIZED COMMUNITY THAT CHARACTERIZES CARNEGIE MELLON CULTURE RESTS ON A SET OF CORE UNDERPINNINGS AND A STRONG COMMITMENT TO REAL-WORLD PROBLEM SOLVING, INTERDISCIPLINARY COLLABORATION AND HARD WORK, COMBINED WITH JOIE DE VIVRE.EACH OF THESE REQUIRES CONNECTIONS AMONG ENGINEERING, SCIENCE, POLICY AND MANAGEMENT, AND THE ARTS. BASIC RESEARCH IS PERFORMED IN ALL 7 COLLEGES AND SCHOOLS AND THE SOFTWARE ENGINEERING INSTITUTE. CARNEGIE MELLON IS ALSO THE HOME OF NUMEROUS RESEARCH INSTITUTES AND CENTERS FOCUSING ON SOME OF THE WORLD'S GREATEST CHALLENGES.CARNEGIE MELLON'S RESEARCH-INTENSIVE ENVIRONMENT PROVIDES A RICH SETTING FOR THE UNIVERSITY'S EDUCATIONAL OFFERINGS AND ASPIRATIONS. THE SEARCH FOR NEW KNOWLEDGE AND A SPIRIT OF ONGOING CRITICAL INQUIRY ARE THE IDEALS THAT PERMEATE ITS APPROACH TO TEACHING AND ITS EXPECTATIONS FOR WHAT STUDENTS WILL ACHIEVE.
AUXILIARY SERVICES:SERVICES TO SUPPORT THE INSTRUCTION AND RESEARCH FUNCTIONS OF THE UNIVERSITY. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO HOUSING, DINING SERVICES, PARKING, BOOKSTORE, PRINTING, TELECOMMUNICATIONS, AND OTHER SERVICES RELATED TO THE DELIVERY OF EDUCATION.
OTHER PROGRAM SERVICES:OTHER FEES AND MEMBERSHIPS, EXTERNAL SUPPORT AND SERVICES AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE THAT SUPPORTS THE INSTRUCTION, RESEARCH, AND AUXILIARY FUNCTIONS OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farnam Jahanian President/ex-Officio Trustee | OfficerTrustee | 50 | $1,260,567 |
Michael Trick Dean, Qatar Campus | 50 | $995,727 | |
Charles A Kennedy Chief Investment Officer | Officer | 50 | $857,091 |
Scott Mory Vp For Univ Adv. & Int V.P. For Market & Comm | Officer | 50 | $743,673 |
Vijayakumar Bhagavatula Director, Cmu-Africa | 50 | $702,298 | |
Krzysztof Matyjaszewski Jc Warner Univ. Prof. Of Nat. Sci. | 50 | $651,745 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mascaro Construction Co Lp Construction | 6/29/21 | $16,760,536 |
Aramark Corp Cleaning Services | 6/29/21 | $12,336,677 |
Rycon Construction Construction | 6/29/21 | $13,308,692 |
Pj Dick Inc Construction | 6/29/21 | $17,649,606 |
Jendoco Construction Corp Construction | 6/29/21 | $12,625,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,280,741 |
| Government grants | $383,015,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,669,613 |
| Noncash contributions included in lines 1a–1f | $12,208,644 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,966,188 |
| Total Program Service Revenue | $824,075,050 |
| Investment income | $26,193,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,410,504 |
| Net Rental Income | $2,411,394 |
| Net Gain/Loss on Asset Sales | $181,612,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,370,797 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,962,040,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,160,839 |
| Grants and other assistance to domestic individuals. | $184,413,317 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,493,122 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,352,564 |
| Compensation of current officers, directors, key employees. | $6,423,848 |
| Compensation to disqualified persons | $1,915,932 |
| Other salaries and wages | $688,655,169 |
| Pension plan accruals and contributions | $40,974,993 |
| Other employee benefits | $79,812,898 |
| Payroll taxes | $36,911,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,122,113 |
| Fees for services: Accounting | $1,926,145 |
| Fees for services: Lobbying | $408,991 |
| Fees for services: Fundraising | $481,949 |
| Fees for services: Investment Management | $8,101,596 |
| Fees for services: Other | $25,657,474 |
| Advertising and promotion | $2,326,970 |
| Office expenses | $7,406,041 |
| Information technology | $25,661,741 |
| Royalties | $2,589,832 |
| Occupancy | $60,444,077 |
| Travel | $1,982,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $409 |
| Conferences, conventions, and meetings | $3,214,740 |
| Interest | $12,059,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,465,591 |
| Insurance | $3,613,064 |
| All other expenses | $28,169,904 |
| Total functional expenses | $1,383,731,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,693 |
| Savings and temporary cash investments | $692,371,466 |
| Pledges and grants receivable | $337,747,297 |
| Accounts receivable, net | $39,884,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $1,665,565 |
| Prepaid expenses and deferred charges | $15,423,581 |
| Net Land, buildings, and equipment | $1,161,909,066 |
| Investments—publicly traded securities | $1,746,661,672 |
| Investments—other securities | $2,124,288,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,346,515 |
| Total assets | $6,284,436,792 |
| Accounts payable and accrued expenses | $198,142,290 |
| Grants payable | $0 |
| Deferred revenue | $173,042,131 |
| Tax-exempt bond liabilities | $496,987,337 |
| 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 | $162,184,808 |
| Other liabilities | $137,079,292 |
| Total liabilities | $1,167,435,858 |
| Net assets without donor restrictions | $2,058,885,417 |
| Net assets with donor restrictions | $3,058,115,517 |
| 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 | $6,284,436,792 |
Grants Awarded
Over the last fiscal year, Carnegie Mellon University has awarded $28,064,450 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $3,910,773 |
UNIVERSITY OF WASHINGTON PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $1,278,517 |
Berkeley, CA PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $1,201,368 |
Philadelphia, PA PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $1,074,968 |
UNIVERSITY OF MISSOURI PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $1,058,987 |
PENN STATE UNIVERSITY PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $984,648 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Carnegie Mellon University has recieved totaling $47,608.
| Awarding Organization | Amount |
|---|---|
Tella Sakamoto Foundation Palo Alto, CA PURPOSE: GENERAL FUND | $21,000 |
Xun And Chang Liu Family Foundation Foster City, CA PURPOSE: TO FURTHER THE MISSION OF THE FOUNDATION | $10,000 |
Negotiation And Team Resources Chicago, IL PURPOSE: LEARNING TO PLAY THE GAME | $10,000 |
Gallagher Foundation Omaha, NE PURPOSE: GENERAL | $5,000 |
Peter F & Mary H Loftus Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,608 |
Endowment Analysis
| Beg. Balance | $2,067,357,168 |
| Earnings | $906,059,029 |
| Admin Expense | $6,057,337 |
| Net Contributions | $216,973,683 |
| Other Expense | $73,125,703 |
| Grants | $21,191,800 |
| Ending Balance | $3,090,015,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |