Universite De Sherbrooke
- Assets
- $840.4m
- Revenue
- $587.1m
- Investments
- $37.7m
- Employees
- 0
- Location
- Founding
- 09/2006
- Data as of
- 04/2022
- EIN
- 31-1490115
Organization Overview
Universite De Sherbrooke is located in null. The organization was established in 2006. 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. Universite DE Sherbrooke 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 04/2022, Universite DE Sherbrooke generated $587.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $559.6m during the year ending 04/2022. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTION OF HIGHER LEARNING EDUCATING THE PUBLIC FOR THE BENEFIT OF ALL MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTION OF HIGHER LEARNING EDUCATING THE PUBLIC FOR THE BENEFIT OF ALL MANKIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cossette Pierre President | OfficerTrustee | 1 | $0 |
Normandeau Josette Vice-President Of The Board | OfficerTrustee | 1 | $0 |
Pare Denis President Of The Board | OfficerTrustee | 1 | $0 |
Remillard Denyse Associate President And Vice-President | Officer | 1 | $0 |
Faucher Jocelyne Secretary General And Vice-President | Officer | 1 | $0 |
Perreault Jean-Pierre Vice-President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gdi Services Sec Maintenance | 4/29/22 | $2,453,459 |
Conseillers En Gestion Et Informatique Computer Services | 4/29/22 | $1,432,122 |
Province Of Quebec Govt Ciusssdelestrie-chus Medical Education | 4/29/22 | $2,258,570 |
Roy Entretien Maintenance | 4/29/22 | $887,486 |
Controlnet Services D'entretien D'immeubles Inc Maintenance | 4/29/22 | $649,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,667 |
| Related organizations | $0 |
| Government grants | $373,015,333 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,319,145 |
| Noncash contributions included in lines 1a–1f | $146,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,339,145 |
| Total Program Service Revenue | $70,576,628 |
| Investment income | $1,138,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $529,540 |
| Net Rental Income | $11,982,983 |
| 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 | $587,133,569 |
| 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 | $49,253,054 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,387,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $653,427 |
| Fees for services: Accounting | $169,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,123,727 |
| Advertising and promotion | $1,316,929 |
| Office expenses | $14,796,307 |
| Information technology | $6,229,829 |
| Royalties | $464,293 |
| Occupancy | $26,885,987 |
| Travel | $5,563,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $727,809 |
| Interest | $479,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,723,223 |
| Insurance | $2,048,637 |
| All other expenses | $18,825,658 |
| Total functional expenses | $559,649,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,407,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,319,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $584,963 |
| Prepaid expenses and deferred charges | $7,662,694 |
| Net Land, buildings, and equipment | $560,922,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,663,105 |
| Investments—program-related | $0 |
| Intangible assets | $11,857,333 |
| Other assets | $0 |
| Total assets | $840,417,269 |
| Accounts payable and accrued expenses | $50,636,536 |
| Grants payable | $0 |
| Deferred revenue | $374,766,065 |
| 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 | $346,274,214 |
| Unsecured mortgages and notes payable | $15,398,554 |
| Other liabilities | $0 |
| Total liabilities | $787,075,369 |
| Net assets without donor restrictions | $53,341,900 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $840,417,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcmaster University Ontario | $2,782,562,539 | $954,591,107 |
Hebrew University Association Jerusalem Palestine | $3,248,315,000 | $946,360,171 |
University Of Saskatchewan | $2,207,784,972 | $816,404,692 |
Queens University At Kingston Department Of Financial Services | $2,643,962,738 | $804,073,117 |
University Of Manitoba | $2,384,369,000 | $788,244,000 |
Simon Fraser University | $2,219,643,595 | $690,303,634 |
Dalhousie University | $2,012,270,000 | $654,417,000 |
Universite De Sherbrooke | $840,417,269 | $587,133,569 |
University Of Victoria | $1,491,562,584 | $512,310,368 |
Carleton University | $1,411,228,764 | $491,246,640 |
University Of Regina | $613,836,715 | $302,225,011 |
Brock University | $670,515,983 | $291,417,811 |