Toronto Metropolitan University
- Assets
- $1.8b
- Revenue
- $761.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- Data as of
- 04/2023
- EIN
- 98-1651870
Organization Overview
Toronto Metropolitan University is located in null. 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. Toronto Metropolitan University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE FULL DESCRIPTION OF TORONTO METROPOLITAN UNIVERSITY'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TORONTO METROPOLITAN UNIVERSITY (TMU) IS A LEADING INSTITUTION OF INNOVATION AND ENTREPRENEURSHIP THAT RESPONDS TO SOCIETAL NEED THROUGH HIGH-QUALITY, PROFESSIONAL, AND CAREER-RELATED BACHELOR, MASTER'S, AND DOCTORAL PROGRAMS, AND RELEVANT SCHOLARLY, RESEARCH, AND CREATIVE ACTIVITIES. IN 2023, IT AWARDED 7,723 BACHELOR'S DEGREES, 159 LAW DEGREES, 1,139 MASTER'S DEGREES, 79 PROFESSIONAL MASTER'S DIPLOMAS, AND 86 DOCTORAL DEGREES. OVERALL STUDENT ENROLMENT IN THE 2022-23 ACADEMIC YEAR WAS 46,462 (39,500 FTE) AND THE UNIVERSITY ACHIEVED OVER CAD $90 MILLION IN RESEARCH FUNDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamed Lachemi President | OfficerTrustee | 36.25 | $278,731 |
Anver Saloojee Professor | 36.25 | $248,946 | |
Daphne Taras Dean | 36.25 | $245,230 | |
Donna Young Dean - Faculty Of Law | 36.35 | $245,181 | |
Thomas Duever Dean | 36.25 | $234,368 | |
Julia Shi-Eun Shin Doi Gen Counsel & Secretary Of Bog | 36.25 | $204,529 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
10091600 Canada Inc Interpreter | 4/29/23 | $470,454 |
Deloitte Inc Consulting | 4/29/23 | $323,483 |
Dr Andrew Padmos Incorporated Advisory | 4/29/23 | $298,758 |
Cairns Oneil Strategic Media Inc Media Development | 4/29/23 | $278,881 |
Spindle Strategy Corp Strategy Plan & Dev. | 4/29/23 | $267,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,218,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,909,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,128,385 |
| Total Program Service Revenue | $331,541,147 |
| Investment income | $21,721,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,934,076 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,899,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,681 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,036,137 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,730,321 |
| Pension plan accruals and contributions | $17,384,783 |
| Other employee benefits | $22,668,490 |
| Payroll taxes | $25,389,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,782,244 |
| Fees for services: Accounting | $205,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $523,899 |
| Fees for services: Other | $28,722,484 |
| Advertising and promotion | $0 |
| Office expenses | $11,663,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,613,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,069,189 |
| Insurance | $1,727,417 |
| All other expenses | $0 |
| Total functional expenses | $775,105,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,236,468 |
| Savings and temporary cash investments | $104,419,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,107,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,368,441 |
| Inventories for sale or use | $901,631 |
| Prepaid expenses and deferred charges | $15,500,375 |
| Net Land, buildings, and equipment | $935,146,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $503,069,352 |
| Intangible assets | $0 |
| Other assets | $153,564,974 |
| Total assets | $1,775,314,546 |
| Accounts payable and accrued expenses | $84,405,029 |
| Grants payable | $0 |
| Deferred revenue | $57,513,267 |
| 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 | $0 |
| Other liabilities | $744,150,794 |
| Total liabilities | $886,069,090 |
| Net assets without donor restrictions | $774,518,483 |
| Net assets with donor restrictions | $114,726,973 |
| 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 | $1,775,314,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|