Brock University
- Assets
- $670.5m
- Revenue
- $291.4m
- Investments
- $0.0
- Employees
- 5,546
- Location
- Founding
- 06/1983
- Data as of
- 04/2022
- EIN
- 98-0052780
Organization Overview
Brock University is located in null. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 04/2022, Brock University employed 5,546 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brock 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 04/2022, Brock University generated $291.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $285.4m during the year ending 04/2022. While expenses have increased by 1.9% 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
TEACHING AND RESEARCH IN BROADLY BASED UNDERGRADUATE AND GRADUATE EDUCATION AND INTERDISCIPLINARY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCORPORATED IN 1964, BROCK UNIVERSITY HAS CONTINUALLY DEVELOPED RIGOROUS UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS, INCLUDING EXPERIENTIAL LEARNING OPPORTUNITIES AND ONE OF CANADA'S LARGEST CO-OP PROGRAMS. TOTAL STUDENT HEADCOUNT FOR 2021-2022 WAS OVER 19,000 STUDENTS. BROCK HAS 7 ACADEMIC FACULTIES: APPLIED HEALTH SCIENCES, GOODMAN SCHOOL OF BUSINESS, EDUCATION, HUMANITIES, MATHEMATICS AND SCIENCE, SOCIAL SCIENCES, AND GRADUATE STUDIES. BROCK HAS A TOTAL FACULTY OF 600 AND 8 CANADA RESEARCH CHAIRS. BROCK IS A COMPREHENSIVE UNIVERSITY WITH STRONG ACADEMIC PROGRAMMING AND CUTTING EDGE RESEARCH DONE IN WORLD-CLASS FACILITIES. BROCK OFFERS MORE THAN 130 UNDERGRADUATE AND GRADUATE PROGRAMS.
RESEARCHBROCK'S TRANSDISCIPLINARY COMMUNITY-BASED RESEARCH SUPPORTS THE REGION'S EMERGING INDUSTRY CLUSTERS SUCH AS BIOMANUFACTURING, DIGITAL MEDIA, GREEN TECHNOLOGY, AND LIFE SCIENCES. THROUGH THE MAIN RESEARCH INSTITUTES AND CENTRES AT BROCK, WE FOSTER INTELLECTUAL ENVIRONMENTS IN WHICH RESEARCHERS ACROSS DISCIPLINES COMBINE THEIR EXPERTISE TO CREATE NEW FORMS OF INQUIRY AND NEW TYPES OF SOLUTIONS. MOST OF BROCK'S EXTERNAL RESEARCH REVENUE IS FROM THE TRI-COUNCIL (CIHR, NSERC, AND SSHRC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk Declercq Professor | 40 | $267,826 | |
Lynn Wells President & Vc (as Of 7/1/21) | OfficerTrustee | 35 | $255,776 |
Martin Kusy Professor | 40 | $248,836 | |
Fayez Elayan Professor | 40 | $231,211 | |
Eugene Kaciak Professor | 40 | $225,991 | |
Walid Ben Omrane Professor | 40 | $219,764 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lifeworks Health & Wellness | 4/29/22 | $586,565 |
Ethical Associates Inc Legal | 4/29/22 | $554,483 |
Garda Security | 4/29/22 | $726,602 |
Glacier Communications Marketing | 4/29/22 | $443,185 |
Workday Limited Software | 4/29/22 | $486,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,188 |
| Related organizations | $0 |
| Government grants | $82,531,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,546,630 |
| Noncash contributions included in lines 1a–1f | $1,306,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,110,530 |
| Total Program Service Revenue | $160,214,246 |
| Investment income | $6,931,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $287,634 |
| Net Rental Income | $58,177 |
| Net Gain/Loss on Asset Sales | $2,628,698 |
| Net Income from Fundraising Events | $8,121 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,362,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,417,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $245,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $21,641,660 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,463,293 |
| Compensation of current officers, directors, key employees. | $973,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,599,506 |
| Pension plan accruals and contributions | $10,239,668 |
| Other employee benefits | $9,039,536 |
| Payroll taxes | $11,589,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,176,419 |
| Fees for services: Accounting | $126,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,398,967 |
| Fees for services: Other | $2,083,476 |
| Advertising and promotion | $1,572,786 |
| Office expenses | $1,712,491 |
| Information technology | $3,557,221 |
| Royalties | $0 |
| Occupancy | $11,147,154 |
| Travel | $608,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,818 |
| Interest | $8,406,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,428,806 |
| Insurance | $733,235 |
| All other expenses | $0 |
| Total functional expenses | $285,356,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,627,467 |
| Pledges and grants receivable | $4,566,800 |
| Accounts receivable, net | $26,020,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,101,382 |
| Prepaid expenses and deferred charges | $654,714 |
| Net Land, buildings, and equipment | $399,609,334 |
| Investments—publicly traded securities | $161,936,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,515,983 |
| Accounts payable and accrued expenses | $30,149,082 |
| Grants payable | $0 |
| Deferred revenue | $213,582,741 |
| 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 | $203,358,480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,358,142 |
| Total liabilities | $473,448,445 |
| Net assets without donor restrictions | $80,803 |
| Net assets with donor restrictions | $196,986,735 |
| 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 | $670,515,983 |
Endowment Analysis
| Beg. Balance | $100,781,112 |
| Earnings | -$1,786,788 |
| Admin Expense | $3,514,369 |
| Net Contributions | $507,496 |
| Grants | $2,535,668 |
| Ending Balance | $93,451,783 |
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 |