Case Western Reserve University
- Assets
- $3.3b
- Revenue
- $1.3b
- Investments
- $1.4b
- Employees
- 9,668
- Location
- Cleveland, OH
- Founding
- 07/1952
- Data as of
- 06/2020
- EIN
- 34-1018992
Organization Overview
Case Western Reserve University is located in Cleveland, OH. The organization was established in 1952. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Case Western Reserve University employed 9,668 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Case Western Reserve 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 06/2020, Case Western Reserve University generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.2b during the year ending 06/2020. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CASE WESTERN RESERVE UNIVERSITY IS AN INDEPENDENT, RESEARCH-ORIENTED UNIVERSITY WITH BROADLY BASED STRENGTHS IN HEALTH, INCLUDING MEDICINE, NURSING AND DENTISTRY; IN ENGINEERING; IN THE ARTS AND SCIENCES; AND IN LAW, MANAGEMENT AND SOCIAL WORK. THE UNIVERSITY'S COMMITMENT IS TO EXCELLENCE IN TEACHING, RESEARCH AND SCHOLARSHIP. THE UNIVERSITY BRINGS TOGETHER HIGHLY QUALIFIED FACULTY, STUDENTS AND STAFF TO: 1) OFFER UNDERGRADUATE EDUCATION THAT PRESERVES THE STRENGTHS OF THE TRADITIONAL ARTS AND SCIENCES, AND THE PROFESSIONS, 2) PREPARE STUDENTS FOR POSITIONS OF LEADERSHIP IN PROFESSIONS THAT ARE IMPORTANT TO SOCIETY, AND 3) ADVANCE, THROUGH RESEARCH AND SCHOLARSHIP, THE UNDERSTANDING OF ITS CHOSEN DISCIPLINES AND THEIR APPLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMIC PROGRAMS OF CASE WESTERN RESERVE UNIVERSITY ARE ADMINISTERED THROUGH ITS SCHOOLS AND COLLEGES. CURRENTLY 11,344 STUDENTS ARE ENROLLED IN PROGRAMS LEADING TO UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES ADMINISTERED THROUGH THE UNIVERSITY'S NINE SCHOOLS: THE CASE SCHOOL OF ENGINEERING, THE COLLEGE OF ARTS AND SCIENCES, THE MANDEL SCHOOL OF APPLIED SOCIAL SCIENCES, THE SCHOOL OF DENTAL MEDICINE, THE SCHOOL OF GRADUATE STUDIES, THE SCHOOL OF LAW, THE WEATHERHEAD SCHOOL OF MANAGEMENT, THE SCHOOL OF MEDICINE AND THE FRANCES PAYNE BOLTON SCHOOL OF NURSING.
CASE WESTERN RESERVE UNIVERSITY IS CLASSIFIED AS A RESEARCH UNIVERSITY (VERY HIGH RESEARCH ACTIVITY) - EXTENSIVE BY THE CARNEGIE COMMISSION ON HIGHER EDUCATION. THIS CLASSIFICATION IS GIVEN TO THOSE INSTITUTIONS THAT TRAIN THE GREATEST NUMBER OF FUTURE RESEARCHERS (USUALLY MEASURED BY THE NUMBER OF PHD STUDENTS) AND TO THOSE INSTITUTIONS THAT RECEIVE THE MOST FEDERAL FUNDS. IN ADDITION TO FEDERAL SOURCES, RESEARCH IN THE SCIENCES, THE HUMANITIES AND THE HEALTH SCIENCES AREA IS FUNDED BY GIFTS AND GRANTS FROM PRIVATE FOUNDATIONS, CORPORATIONS AND INDIVIDUALS.
AUXILIARIES PROVIDES SEVERAL SERVICES WHICH, ALTHOUGH NOT DIRECTLY RELATED TO ITS ACADEMIC MISSION, ARE NEVERTHELESS AN INTEGRAL PART OF THE OVERALL EDUCATIONAL EXPERIENCE OF ITS STUDENTS. THE PROVISION OF CAMPUS HOUSING AND BOARD PLANS, AND PHONE SERVICES ARE EXAMPLES OF CURRENT AUXILIARY SERVICES.
OTHER SPONSORED PROGRAMS: THE UNIVERSITY'S LIBRARY SYSTEM IS COMPOSED OF FOUR PRIMARY UNITS: THE UNIVERSITY LIBRARY, THE CLEVELAND HEALTH SCIENCES LIBRARY, THE SCHOOL OF LAW LIBRARY AND THE LILLIAN & MILFORD HARRIS LIBRARY IN THE MANDEL SCHOOL OF APPLIED SOCIAL SCIENCES. THE LIBRARIES OF THE UNIVERSITY SUPPORT THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS AND CONTAIN OVER 3 MILLION VOLUMES. CASE WESTERN RESERVE UNIVERSITY OFFERS ASSISTANCE TO ITS STUDENTS TO HELP MEET FINANCIAL NEED OR TO RECOGNIZE OUTSTANDING ACADEMIC ACHIEVEMENT AND PROMISE. ACADEMIC EXCELLENCE IS RECOGNIZED BY THE ACADEMIC AWARDS PROGRAM AND OTHER SCHOLARSHIP PROGRAMS OF THE UNDERGRADUATE COLLEGES AND BY VARIOUS ASSISTANTSHIPS, FELLOWSHIPS, SCHOLARSHIPS AND OTHER AWARDS OF INDIVIDUAL DEPARTMENTS IN THE SCHOOL OF GRADUATE STUDIES AND SEVERAL OF THE PROFESSIONAL SCHOOLS. CASE WESTERN RESERVE UNIVERSITY ACTIVELY PROMOTES THE DEVELOPMENT OF SERVICES AND PROGRAMS TO SUPPORT THE PHYSICAL, EMOTIONAL AND INTELLECTUAL WELL-BEING OF ITS STUDENTS.' THE PROGRAMS AND SERVICES ARE AVAILABLE TO UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS ALIKE AND ARE DESIGNED TO PROVIDE POSITIVE, DEVELOPMENTAL OPPORTUNITIES BOTH TO SUPPLEMENT THE ACADEMIC EXPERIENCE AND ENRICH CAMPUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albert M Higley Co Construction Services | 6/29/21 | $6,738,290 |
Kelly Services Inc Staffing Services | 6/29/21 | $3,945,890 |
Bon Appetit Catering & Meal Plan Services | 6/29/21 | $7,589,428 |
Artech Llc It Consulting | 6/29/21 | $2,032,266 |
Turner Construction Company Construction Services | 6/29/21 | $16,800,810 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,390,255 |
| Investment income | -$12,021,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $386,626 |
| Net Rental Income | -$1,282,747 |
| Net Gain/Loss on Asset Sales | $82,376,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,252,653,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $206,737,043 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,760,360 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,084,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $386,283,318 |
| Pension plan accruals and contributions | $37,062,192 |
| Other employee benefits | $42,849,843 |
| Payroll taxes | $24,173,175 |
| Fees for services: Management | $1,262,136 |
| Fees for services: Legal | $7,320,764 |
| Fees for services: Accounting | $507,263 |
| Fees for services: Lobbying | $894,394 |
| Fees for services: Fundraising | $316,744 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,824,991 |
| Advertising and promotion | $2,343,070 |
| Office expenses | $66,866,195 |
| Information technology | $14,788,145 |
| Royalties | $0 |
| Occupancy | $62,012,864 |
| Travel | $11,943,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,091,502 |
| Interest | $18,961,230 |
| Payments to affiliates | $12,845,254 |
| Depreciation, depletion, and amortization | $70,434,464 |
| Insurance | $17,836,146 |
| All other expenses | $0 |
| Total functional expenses | $1,228,852,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,343,781 |
| Savings and temporary cash investments | $54,932,545 |
| Pledges and grants receivable | $190,980,664 |
| Accounts receivable, net | $8,856,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,045,584 |
| Inventories for sale or use | $164,384 |
| Prepaid expenses and deferred charges | $10,368,222 |
| Investments—publicly traded securities | $409,203,012 |
| Investments—other securities | $1,358,709,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,907,811 |
| Total assets | $3,274,832,322 |
| Accounts payable and accrued expenses | $60,691,547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $508,907,313 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $321,833,096 |
| Total liabilities | $925,431,956 |
| 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 |
| Total liabilities and net assets/fund balances | $2,349,400,366 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Case Western Reserve University has recieved totaling $389,699.
| Awarding Organization | Amount |
|---|---|
Helen D & Adrian G Newcomb Fund Pittsburgh, PA PURPOSE: GRANT TO SCHOOL OF MEDICINE | $268,961 |
Alexander And Sarah Cutler Family Foundation Gates Mills, OH PURPOSE: GENERAL TAX-EXEMPT PURPOSES | $50,000 |
Marshall And Yuko Hung Foundation Honolulu, HI PURPOSE: CHARITABLE | $20,000 |
Marshall And Yuko Hung Foundation Honolulu, HI PURPOSE: CHARITABLE | $20,000 |
Lakehurst Foundation Fort Lauderdale, FL PURPOSE: GENERAL CONTRIBUTION | $15,000 |
Dorris C Michalske Irrev Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,888 |
Endowment Analysis
| Beg. Balance | $1,570,558,845 |
| Earnings | $461,720,411 |
| Admin Expense | $3,085,725 |
| Net Contributions | $41,850,987 |
| Other Expense | $30,568,257 |
| Grants | $36,102,090 |
| Ending Balance | $2,004,374,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
Duquesne University Of The Holy Spirit Pittsburgh, PA | $869,263,663 | $434,180,406 |
Bucknell University Lewisburg, PA | $1,702,706,536 | $331,765,475 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Xavier University Cincinnati, OH | $682,170,280 | $308,233,290 |
University Of Scranton Scranton, PA | $640,906,842 | $255,085,812 |
Widener University Chester, PA | $372,673,637 | $243,095,055 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |