Northwestern University
- Assets
- $19.4b
- Revenue
- $3.7b
- Investments
- $12.8b
- Employees
- 23,103
- Location
- Evanston, IL
- Founding
- 05/1945
- Data as of
- 08/2021
- EIN
- 36-2167817
Organization Overview
Northwestern University is located in Evanston, IL. The organization was established in 1945. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Northwestern University employed 23,103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern 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 08/2021, Northwestern University generated $3.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.0b during the year ending 08/2021. While expenses have increased by 2.7% 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, Northwestern University has awarded 2,400 individual grants totaling $684,623,267. 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
EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
EDUCATION OF STUDENTS: FOR THE 2021 ACADEMIC YEAR, 8,428 UNDERGRADUATES AND 10,409 GRADUATES AND PROFESSIONAL SCHOOL STUDENTS ENROLLED FULL-TIME AT THE UNIVERSITY. THE EXEMPT PURPOSE OF NORTHWESTERN UNIVERSITY IS TO PROVIDE EDUCATIONAL SERVICES TO ITS STUDENTS. THIS INCLUDES SUPERIOR UNDERGRADUATE EDUCATION FOR A DIVERSE STUDENT BODY IN A COMPREHENSIVE RANGE OF ACADEMIC AND PROFESSIONAL FIELDS. AT THE GRADUATE LEVEL, NORTHWESTERN'S ROLE ENCOMPASSES OFFERINGS IN THE MAJOR ACADEMIC AND PROFESSIONAL FIELDS, CLOSELY RELATED TO RESEARCH, CREATIVE ACTIVITIES, AND CLINICAL SERVICES.
RESEARCH ACTIVITIES: THE RESEARCH PROGRAM AT NORTHWESTERN UNIVERSITY IS A MAJOR COMPONENT OF UNIVERSITY EFFORTS, ASSURING INSTITUTIONAL LEADERSHIP IN SCIENTIFIC DISCOVERY, INTELLECTUAL INQUIRY, AND CREATIVE PERFORMANCE. THE CHARACTER OF THIS RESEARCH SHAPES ALL AREAS OF UNIVERSITY ENDEAVOR, ESPECIALLY GRADUATE EDUCATION AS WELL AS UNDERGRADUATE STUDIES.
AUXILIARY ENTERPRISES SERVE THE EDUCATIONAL MISSION BY PRIMARILY PROVIDING RESIDENCES AND FOOD SERVICES, AND OTHER VARIOUS GOODS AND SERVICES TO SUPPORT UNIVERSITY STUDENT, FACULTY, AND STAFF ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Family Institute Instruction Services | 8/30/21 | $33,093,263 |
Northwestern Memorial Hospital Clinical Services | 8/30/21 | $3,077,017 |
Wedriveu Inc Shuttle Transportation Services | 8/30/21 | $2,229,708 |
Lsvasset Management Investment Services | 8/30/21 | $2,445,383 |
Pediatric Faculty Foundation Leadership And Program Support | 8/30/21 | $2,157,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,170,812 |
| Related organizations | $0 |
| Government grants | $33,647,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,521,258 |
| Noncash contributions included in lines 1a–1f | $65,376,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,339,219 |
| Total Program Service Revenue | $2,126,650,578 |
| Investment income | $78,514,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,117,473 |
| Net Rental Income | $2,442,085 |
| Net Gain/Loss on Asset Sales | $1,034,026,666 |
| Net Income from Fundraising Events | -$27,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,678,521,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,666,026 |
| Grants and other assistance to domestic individuals. | $522,181,275 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,999,891 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,832,681 |
| Compensation of current officers, directors, key employees. | $16,440,766 |
| Compensation to disqualified persons | $1,180,045 |
| Other salaries and wages | $1,189,458,638 |
| Pension plan accruals and contributions | $58,536,626 |
| Other employee benefits | $130,517,692 |
| Payroll taxes | $72,822,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,586,615 |
| Fees for services: Accounting | $1,786,500 |
| Fees for services: Lobbying | $235,500 |
| Fees for services: Fundraising | $150,665 |
| Fees for services: Investment Management | $43,656,150 |
| Fees for services: Other | $223,484,848 |
| Advertising and promotion | $14,718,809 |
| Office expenses | $157,638,902 |
| Information technology | $45,013,217 |
| Royalties | $3,722,083 |
| Occupancy | $111,332,568 |
| Travel | $11,406,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,196,318 |
| Interest | $91,163,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,918,085 |
| Insurance | $0 |
| All other expenses | $10,726,499 |
| Total functional expenses | $3,030,857,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $883,167,771 |
| Pledges and grants receivable | $259,037,462 |
| Accounts receivable, net | $210,932,870 |
| Loans from Officers, Directors, or Controlling Persons | $1,075,436 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,876,059 |
| Inventories for sale or use | $1,795,427 |
| Prepaid expenses and deferred charges | $5,425,492 |
| Net Land, buildings, and equipment | $3,177,017,574 |
| Investments—publicly traded securities | $1,697,823,095 |
| Investments—other securities | $12,839,056,290 |
| Investments—program-related | $120,088,011 |
| Intangible assets | $0 |
| Other assets | $159,216,439 |
| Total assets | $19,369,511,926 |
| Accounts payable and accrued expenses | $184,694,262 |
| Grants payable | $0 |
| Deferred revenue | $205,749,611 |
| Tax-exempt bond liabilities | $396,572,442 |
| Escrow or custodial account liability | $35,444,238 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,381,250,279 |
| Total liabilities | $3,303,710,832 |
| Net assets without donor restrictions | $9,867,245,384 |
| Net assets with donor restrictions | $6,198,555,710 |
| 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 | $19,369,511,926 |
Grants Awarded
Over the last fiscal year, Northwestern University has awarded $94,666,026 in support to 292 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Support of research activities | $10,767,628 |
Urbana, IL PURPOSE: Support of research activities | $7,119,392 |
Chicago, IL PURPOSE: Support of research activities | $4,084,408 |
Chicago, IL PURPOSE: Support of research activities | $2,265,592 |
Baltimore, MD PURPOSE: Support of research activities | $1,938,078 |
Seattle, WA PURPOSE: Support of research activities | $1,745,964 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Northwestern University has recieved totaling $3,218,700.
| Awarding Organization | Amount |
|---|---|
Neurodegenerative Disease Research Inc Reddick, FL PURPOSE: Medical Research | $1,500,000 |
Future Wanxiang Foundation Inc South Barrington, IL PURPOSE: GENERAL SUPPORT | $550,000 |
Paul K Richter Memorial Fund Dallas, TX PURPOSE: SUPPORTS RICHTER DOCTORAL | $250,000 |
Willens Family Foundation Short Hills, NJ PURPOSE: ENDOWMENT FUND RONALD & JOANNE WILLENS CENTER FOR NANO ONCOLOGY | $202,400 |
The Iv Fund Folsom, CA PURPOSE: HEALTH PROMOTION & WELLNESS | $200,000 |
Mary Jane M Crowe Foundation Scholarship Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $100,000 |
Endowment Analysis
| Beg. Balance | $8,484,706,000 |
| Earnings | $3,066,809,000 |
| Net Contributions | $203,789,000 |
| Other Expense | $325,261,552 |
| Grants | $68,860,448 |
| Ending Balance | $11,361,182,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |