Simon Fraser University
- Assets
- $2.1b
- Revenue
- $656.3m
- Investments
- $14.0m
- Employees
- 0
- Location
- Founding
- 04/2009
- Data as of
- 03/2023
- EIN
- 30-0505256
Organization Overview
Simon Fraser University, operating under the name Sfu, is located in null. The organization was established in 2009. 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. Sfu 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 03/2023, Sfu generated $656.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $647.8m during the year ending 03/2023. While expenses have increased by 4.6% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SFU'S MISSION IS TO ADVANCE KNOWLEDGE THROUGH TEACHING RESEARCHING AND ENGAGEMENT WITH THE COMMUNITY. WE ARE AN OPEN INCLUSIVE UNIVERSITY WHOSE FOUNDATION IS INTELLECTUAL AND ACADEMIC FREEDOM. OUR SCHOLARSHIP UNITES TEACHING AND RESEARCH; WE CELEBRATE DISCOVERY DIVERSITY AND DIALOGUE. OUR STUDENTS AND COMMUNITIES CAN EXPECT TEACHING THAT IS PERSONAL AND LEARNING OPPORTUNITIES THAT ARE LIFELONG. WE CHAMPION THE LIBERAL ARTS AND SCIENCES AND PIONEERING INTERDISCIPLINARY AND PROFESSIONAL PROGRAMS. WE ARE A UNIVERSITY WHERE RISKS CAN BE TAKEN AND HOLD INITIATIVES EMBRACED. UPON THESE FOUNDATIONS WE WILL ENGAGE ALL OUR COMMUNITIES IN BUILDING A ROBUST AND ETHICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST SECONDARY EDUCATION TEACHING: DELIVERY OF ACADEMIC COURSES TO STUDENTS ENROLLED IN UNDERGRADUATE MASTER AND DOCTORATE PROGRAMS AS WELL AS DISTANCE EDUCATION AND NON-CREDIT COURSES OFFERED THROUGH LIFE-LONG LEARNING. NUMBER OF STUDENTS ENROLLED IN OUR FISCAL YEAR APRIL 1 2022 THROUGH MARCH 31 2023 29,447 UNDERGRADUATES; 5,544 GRADUATES; INCLUDING 8,164 INTERNATIONAL STUDENTS IN TOTAL. DEGREES AWARDED IN THE 2022 CALENDAR YEAR: 5,130 BACHELOR; 1,088 MASTER; 161 PHD; 1,035 OTHER GRAD CERTIFICATES AND DIPLOMAS
RESEARCH: AT SFU RESEARCH MATTERS IT'S AN ESSENTIAL COMPONENT OF SFU'S MISSION AND ALSO A MAJOR INSTRUCTIONAL ACTIVITY AS FACULTY WORK CLOSELY WITH GRADUATE AND UNDERGRADUATE STUDENTS IN A WIDE VARIETY OF RESEARCH SETTINGS INCLUDING THE LIBRARY LABORATORIES COMPUTER FACILITIES AND STUDIOS. RESEARCH COLLABORATIONS EXTEND FAR BEYOND OUR CAMPUSES TO INCLUDE MANY PROJECTS CONDUCTED JOINTLY WITH BUSINESS AND INDUSTRY COMMUNITY ORGANIZATIONS AND AGENCIES IN ALL LEVELS OF GOVERNMENT. SFU RESEARCHERS ARE ESTABLISHING OR STRENGTHENING PROGRAMS IN AREAS FACING THE MOST PRESSING SOCIAL DEMAND INCLUDING INTERNATIONAL STUDIES URBAN GROWTH MANAGEMENT PUBLIC POLICY ANALYSIS AND HEALTH SCIENCES.
ANCILLARY SERVICES: THE UNIVERSITY PROVIDES GOODS AND SERVICES WITH A STUDENT AND COMMUNITY FOCUS. EXAMPLES OF SUCH SERVICES INCLUDE: STUDENT RESIDENCES BOOKSTORE PRINTING PARKING FOOD MEETINGS AND EVENTS. IN 2021 2022 THESE SERVICES WERE DELIVERED INTERNALLY ALONE TO 29,660 UNDERGRAD STUDENTS 5,734 GRAD STUDENTS 4,137 FULL TIME FACULTY & STAFF AND 2,504 PART TIME FACULTY & STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vrooman Tamara Chancellor | Trustee | 0 | $0 |
Lamarsh Angie Board Chair | Trustee | 0 | $0 |
Basra Kamal Alumni Order In Council | Trustee | 0 | $0 |
George Angela Alumni Order In Council | Trustee | 0 | $0 |
Herbert Carol Order In Council | Trustee | 0 | $0 |
Malpass Gregory Order In Council | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stephen Gorham Consulting Services | 3/30/23 | $164,694 |
Sarah Elizabeth Strasser Medical Consulting Services | 3/30/23 | $132,541 |
Harpreet Singh Medical Consulting Services | 3/30/23 | $129,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $198,198,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,934,384 |
| Noncash contributions included in lines 1a–1f | $2,645,219 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,133,004 |
| Total Program Service Revenue | $348,497,511 |
| Investment income | $55,084,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $166,688 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $656,320,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,353,552 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,866,191 |
| Compensation of current officers, directors, key employees. | $1,382,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,038,662 |
| Pension plan accruals and contributions | $18,826,726 |
| Other employee benefits | $40,741,752 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,301,359 |
| Fees for services: Legal | $1,928,775 |
| Fees for services: Accounting | $166,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,719,242 |
| Fees for services: Other | $1,471,334 |
| Advertising and promotion | $2,122,720 |
| Office expenses | $26,551,658 |
| Information technology | $847,195 |
| Royalties | $81,558 |
| Occupancy | $44,462,561 |
| Travel | $10,667,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,450,114 |
| Interest | $6,807,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,490,261 |
| Insurance | $2,938,054 |
| All other expenses | $0 |
| Total functional expenses | $647,760,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,907,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,250,695 |
| Accounts receivable, net | $53,515,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,206,988 |
| Prepaid expenses and deferred charges | $5,035,905 |
| Net Land, buildings, and equipment | $1,102,595,709 |
| Investments—publicly traded securities | $784,909,016 |
| Investments—other securities | $14,013,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,879,336 |
| Total assets | $2,074,314,597 |
| Accounts payable and accrued expenses | $125,477,907 |
| Grants payable | $0 |
| Deferred revenue | $813,751,136 |
| 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 | $149,720,380 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,977,573 |
| Total liabilities | $1,146,926,996 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $927,387,601 |
| Total liabilities and net assets/fund balances | $2,074,314,597 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|