Carnegie Mellon University
- Assets
- $6.5b
- Revenue
- $2.0b
- Investments
- $2.2b
- Employees
- 19,003
- Location
- Pittsburgh, PA
- Founding
- 09/1992
- Data as of
- 06/2022
- 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 19,003 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 06/2022, Carnegie Mellon University generated $2.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.5b during the year ending 06/2022. While expenses have increased by 3.3% 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, Carnegie Mellon University has awarded 1,355 individual grants totaling $266,272,158. 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
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 15,800 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, AND THAILAND.NATIONALLY AND GLOBALLY, CARNEGIE MELLON HAS BECOME A MAJOR VOICE OF CONNECTIVITY IN TECHNOLOGY, EXPANSION OF EDUCATIONAL OPPORTUNITY AND ECONOMIC DEVELOPMENT.
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.
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 AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Grefenstette Voting Trustee (pres/ceo, Dietrich Fdn) | Trustee | 1 | $0 |
Charles A Kennedy Chief Investment Officer | Officer | 50 | $1,146,627 |
Farnam Jahanian President/ex-Officio Trustee | OfficerTrustee | 50 | $1,477,205 |
Michael Trick Dean, Qatar Campus | 50 | $1,001,486 | |
Scott Mory Vp For Univ. Advancement | Officer | 50 | $855,918 |
Vijayakumar Bhagavatula Director Cmu-Africa (thru 12/21) & Prof. | 50 | $771,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rycon Construction Construction | 6/29/22 | $35,344,792 |
Aramark Corp Cleaning Services | 6/29/22 | $13,699,866 |
Pj Dick Inc Construction | 6/29/22 | $12,600,019 |
Jendoco Construction Corp Construction | 6/29/22 | $5,059,745 |
Mosites Construction Construction | 6/29/22 | $9,152,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,984,904 |
| Government grants | $414,075,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,228,536 |
| Noncash contributions included in lines 1a–1f | $25,076,997 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,288,509 |
| Total Program Service Revenue | $975,484,557 |
| Investment income | $36,778,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,972,614 |
| Net Rental Income | $2,412,981 |
| Net Gain/Loss on Asset Sales | $212,155,096 |
| Net Income from Fundraising Events | $6,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,291,289 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,976,389,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,580,614 |
| Grants and other assistance to domestic individuals. | $202,372,867 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,456,320 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,610,201 |
| Compensation of current officers, directors, key employees. | $6,428,120 |
| Compensation to disqualified persons | $2,485,725 |
| Other salaries and wages | $729,626,876 |
| Pension plan accruals and contributions | $39,351,025 |
| Other employee benefits | $79,654,019 |
| Payroll taxes | $37,547,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,529,253 |
| Fees for services: Accounting | $1,888,456 |
| Fees for services: Lobbying | $425,625 |
| Fees for services: Fundraising | $519,464 |
| Fees for services: Investment Management | $9,307,578 |
| Fees for services: Other | $26,358,954 |
| Advertising and promotion | $3,650,281 |
| Office expenses | $16,873,463 |
| Information technology | $32,275,683 |
| Royalties | $1,590,654 |
| Occupancy | $64,994,657 |
| Travel | $17,283,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $868 |
| Conferences, conventions, and meetings | $9,276,189 |
| Interest | $13,453,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,443,928 |
| Insurance | $4,302,728 |
| All other expenses | $21,612,654 |
| Total functional expenses | $1,513,112,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,616 |
| Savings and temporary cash investments | $759,528,903 |
| Pledges and grants receivable | $296,455,613 |
| Accounts receivable, net | $43,237,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $1,742,457 |
| Prepaid expenses and deferred charges | $21,329,656 |
| Net Land, buildings, and equipment | $1,218,115,207 |
| Investments—publicly traded securities | $1,772,226,545 |
| Investments—other securities | $2,222,508,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,504,779 |
| Total assets | $6,497,771,735 |
| Accounts payable and accrued expenses | $195,943,214 |
| Grants payable | $0 |
| Deferred revenue | $171,989,637 |
| Tax-exempt bond liabilities | $522,767,063 |
| 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 | $235,545,480 |
| Other liabilities | $119,922,157 |
| Total liabilities | $1,246,167,551 |
| Net assets without donor restrictions | $2,140,485,087 |
| Net assets with donor restrictions | $3,111,119,097 |
| 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 | $6,497,771,735 |
Grants Awarded
Over the last fiscal year, Carnegie Mellon University has awarded $37,500,236 in support to 173 organizations.
| Grant Recipient | Amount |
|---|---|
AEROSPACE CORPORATIONTHE PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $34,265 |
ADVANCED RESPIRATORY TECHNOLOGIES LLC PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $162,055 |
AFRICA-AMERICA INSTITUTE THE PURPOSE: PROGRAM SERVICE | $10,000 |
AFRICAN AMERICAN CULTURAL CENTER PURPOSE: PROGRAM SERVICE | $10,000 |
ALLEGHENY CONFERENCE ON COMMUNITY PURPOSE: PROGRAM SERVICE | $110,500 |
ALLEGHENY-SINGER RESEARCH INSTITUTE PURPOSE: EDUCATION/RESEARCH SUBCONTRACTS | $34,332 |