George Washington University
- Assets
- $4.9b
- Revenue
- $1.7b
- Investments
- $1.4b
- Employees
- 13,665
- Location
- Ashburn, VA
- Founding
- 12/1934
- Data as of
- 06/2022
- EIN
- 53-0196584
Organization Overview
George Washington University, operating under the name The George Washington University, is located in Ashburn, VA. The organization was established in 1934. 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, George Washington University employed 13,665 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Washington 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, George Washington University generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.7b during the year ending 06/2022. While expenses have increased by 1.5% 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, George Washington University has awarded 1,420 individual grants totaling $534,538,000. 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
EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
EDUCATION: OUR NAMESAKE ENVISIONED A UNIVERSITY IN THE NATION'S CAPITAL THAT WOULD PREPARE CITIZEN LEADERS BROUGHT TOGETHER FROM ALL OVER THE WORLD. TODAY, WE ARE THAT UNIVERSITY WITH STUDENTS AND FACULTY MEMBERS FROM EVERY STATE AND MORE THAN 130 COUNTRIES. TAKING FULL ADVANTAGE OF OUR SETTING IN A GLOBAL NERVE CENTER, A GW EDUCATION INTEGRATES INTELLECTUAL DISCOVERY, INTERACTIVE LEARNING, AND UNPARALLELED ACCESS TO OPPORTUNITIES IN EVERY SECTOR OF SOCIETY. IN A CITY SHAPING THE FUTURE, GEORGE WASHINGTON IS A UNIVERSITY WHERE FACULTY AND STUDENTS NOT ONLY STUDY THE WORLD BUT ALSO WORK TO CHANGE IT.
RESEARCH AND RESEARCH SUPPORT: GW'S RESEARCH IS DISTINGUISHED BY OUR COMMITMENT TO TRANSFORM POLICY THAT AFFECTS PEOPLE IN THEIR DAILY LIVES. THIS UNIQUE APPROACH TO RESEARCH GIVES SPECIAL CHARACTER TO OUR TEACHING AND ENABLES US TO OFFER OUR STUDENTS LEARNING EXPERIENCES THAT FEW CAN MATCH. WITH OUR LOCATION, CONNECTIONS AND CLOSE PROXIMITY TO INSTITUTIONS SUCH AS THE NATIONAL INSTITUTES OF HEALTH, NATIONAL SCIENCE FOUNDATION, THE SMITHSONIAN INSTITUTION, AND LIBRARY OF CONGRESS, GW'S RESEARCH HELPS SOLVE NATIONAL AND GLOBAL PROBLEMS WHILE GIVING OUR STUDENTS LEARNING OPPORTUNITIES INSIDE AND OUTSIDE THE CLASSROOM. IN THE 21ST CENTURY, GW'S FACULTY AND STUDENTS CONTINUE TO OPEN NEW DOORS OF DISCOVERY.
AUXILIARY ENTERPRISES - STUDENTS AND COMMUNITY: GW PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY, AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. AUXILIARY ENTERPRISES INCLUDE FACILITIES AND RESIDENTIAL PROPERTY MANAGEMENT, DINING, BOOKSTORE, PARKING, STUDENT HEALTH, MAIL, AND LAUNDRY SERVICES. GW'S STUDENT CENTER HOUSES STUDENT ORGANIZATION OFFICES AND MEETING ROOMS AND IS UTILIZED BY STUDENTS, FACULTY, STAFF, AND VISITORS. FOR MORE INFO ABOUT GW'S PROGRAMS & ACCOMPLISHMENTS, SEE THE 2021 - 2022 FINANCIAL REPORT ON THE FINANCE DIVISION WEBSITE AT: HTTPS://FINANCE.GWU.EDU/REPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President - Ex Officio (as Of 1/2022) | OfficerTrustee | 50 | $0 |
Name Not Listed President - Ex Officio (through 12/2021) | OfficerTrustee | 50 | $1,337,421 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Construction Group Llc Construction | 6/29/22 | $47,906,170 |
Medical Faculty Associates Teaching And Research | 6/29/22 | $35,065,530 |
2u Inc E - Learning | 6/29/22 | $33,668,500 |
Aramark Services Inc Facility Services | 6/29/22 | $26,353,490 |
Laughlin Marinaccio & Owens Inc Marketing | 6/29/22 | $4,228,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,055 |
| Related organizations | $0 |
| Government grants | $19,154,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,804,494 |
| Noncash contributions included in lines 1a–1f | $9,442,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,994,510 |
| Total Program Service Revenue | $1,511,090,022 |
| Investment income | $9,478,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,048,413 |
| Net Rental Income | $40,531,805 |
| Net Gain/Loss on Asset Sales | $69,440,888 |
| Net Income from Fundraising Events | -$8,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$29,619 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,730,337,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,179,750 |
| Grants and other assistance to domestic individuals. | $380,024,283 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,311,992 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,952,341 |
| Compensation of current officers, directors, key employees. | $4,544,676 |
| Compensation to disqualified persons | $2,040,531 |
| Other salaries and wages | $570,876,617 |
| Pension plan accruals and contributions | $40,033,391 |
| Other employee benefits | $56,237,018 |
| Payroll taxes | $40,373,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,618,970 |
| Fees for services: Accounting | $455,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $267,060 |
| Fees for services: Investment Management | $6,330,125 |
| Fees for services: Other | $162,497,133 |
| Advertising and promotion | $5,491,573 |
| Office expenses | $25,835,178 |
| Information technology | $21,114,052 |
| Royalties | $983,141 |
| Occupancy | $67,581,121 |
| Travel | $11,568,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,729 |
| Conferences, conventions, and meetings | $16,059,341 |
| Interest | $74,677,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,999,760 |
| Insurance | $4,210,672 |
| All other expenses | $4,080,412 |
| Total functional expenses | $1,665,300,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,136,742 |
| Savings and temporary cash investments | $78,671,659 |
| Pledges and grants receivable | $73,083,817 |
| Accounts receivable, net | $45,194,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $121,106,590 |
| Inventories for sale or use | $50,684 |
| Prepaid expenses and deferred charges | $31,606,716 |
| Net Land, buildings, and equipment | $2,813,496,191 |
| Investments—publicly traded securities | $236,192,532 |
| Investments—other securities | $1,355,325,150 |
| Investments—program-related | $12,390,663 |
| Intangible assets | $5,561,839 |
| Other assets | $58,769,831 |
| Total assets | $4,854,587,342 |
| Accounts payable and accrued expenses | $203,301,500 |
| Grants payable | $0 |
| Deferred revenue | $110,168,164 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,865,674,810 |
| Other liabilities | $87,031,293 |
| Total liabilities | $2,266,175,767 |
| Net assets without donor restrictions | $1,746,856,085 |
| Net assets with donor restrictions | $841,555,490 |
| 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 | $4,854,587,342 |
Grants Awarded
Over the last fiscal year, George Washington University has awarded $47,159,000 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY COLLEGE OF PHARMACY AND HEALTH SCIENCES PURPOSE: subaward | $20,000 |
ALBERT EINSTEIN COLLEGE OFMEDICINE PURPOSE: subaward | $247,000 |
AMERICAN UNIVERSITY PURPOSE: subaward | $49,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: subaward | $829,000 |
ALBERT EINSTEIN HEALTHCARE NETWORK PURPOSE: subaward | $159,000 |
AMERICAN ACADEMY OF FAMILY PHYSICIAN PURPOSE: subaward | $13,000 |