Governing Council Of The University Of Toronto
- Assets
- $10.3b
- Revenue
- $3.2b
- Investments
- $1.1b
- Employees
- 0
- Location
- Founding
- 01/1954
- Data as of
- 04/2023
- EIN
- 98-6001141
Organization Overview
Governing Council Of The University Of Toronto is located in null. The organization was established in 1954. 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. Governing Council Of The University Of Toronto 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 04/2023, Governing Council Of The University Of Toronto generated $3.2b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.8b during the year ending 04/2023. While expenses have increased by 4.0% per year over the past 8 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, Governing Council Of The University Of Toronto has awarded 122 individual grants totaling $12,330,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY'S VISION IS TO BE A LEADER AMONG THE WORLD'S BEST PUBLIC UNIVERSITIES IN ITS DISCOVERY, PRESERVATION AND SHARING OF KNOWLEDGE THROUGH ITS TEACHING AND RESEARCH AND ITS COMMITMENT TO EXCELLENCE AND EQUITY.
Describe the Organization's Program Activity:
CREDIT COURSES (TOTAL ENROLMENT 97,678)
OTHER PROGRAM SERVICES
SPONSORED RESEARCH
ANCILLARY OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Golden Professor Of Strategic Management | 36.25 | $446,177 | |
Wei-Yi Scott Liao Professor Of Accounting | 36.25 | $391,792 | |
Brian Silverman Professor Of Strategic Management | 36.25 | $391,486 | |
Meric Gertler Ex Officio, President, University Of Toronto | OfficerTrustee | 36.25 | $375,309 |
Susan Christoffersen Professor Of Finance | 36.25 | $368,396 | |
William Strange Professor Of Economic Analysis And Policy | 36.25 | $366,335 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellisdon Corporation Construction | 4/29/23 | $156,748,000 |
Wcc Construction Canada Ulc Construction | 4/29/23 | $61,042,000 |
Pomerleau Inc Construction | 4/29/23 | $38,269,000 |
Buttcon Limited Construction | 4/29/23 | $23,157,000 |
Morosons Construction Limited Construction | 4/29/23 | $15,616,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $802,069,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,335,000 |
| Noncash contributions included in lines 1a–1f | $19,830,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,009,404,000 |
| Total Program Service Revenue | $1,769,906,000 |
| Investment income | $234,430,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,654,000 |
| Net Rental Income | $17,222,000 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,214,233,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,652,000 |
| Grants and other assistance to domestic individuals. | $13,641,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $311,656,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,082,000 |
| Compensation of current officers, directors, key employees. | $3,425,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,354,452,000 |
| Pension plan accruals and contributions | $106,146,000 |
| Other employee benefits | $115,799,000 |
| Payroll taxes | $85,650,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,228,000 |
| Fees for services: Accounting | $391,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,478,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,749,000 |
| Office expenses | $85,329,000 |
| Information technology | $50,101,000 |
| Royalties | $0 |
| Occupancy | $264,434,000 |
| Travel | $32,522,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,028,000 |
| Interest | $28,547,000 |
| Payments to affiliates | $15,543,000 |
| Depreciation, depletion, and amortization | $160,717,000 |
| Insurance | $8,791,000 |
| All other expenses | $97,833,000 |
| Total functional expenses | $2,799,769,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $788,277,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,717,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,662,000 |
| Prepaid expenses and deferred charges | $27,702,000 |
| Net Land, buildings, and equipment | $4,371,431,000 |
| Investments—publicly traded securities | $3,923,095,000 |
| Investments—other securities | $1,081,832,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,285,716,000 |
| Accounts payable and accrued expenses | $375,203,000 |
| Grants payable | $0 |
| Deferred revenue | $1,878,271,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $825,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $533,180,000 |
| Other liabilities | $706,132,000 |
| Total liabilities | $3,493,611,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,074,306,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,261,453,000 |
| Retained earnings, endowment, accumulated income, or other funds | $2,456,346,000 |
| Total liabilities and net assets/fund balances | $10,285,716,000 |
Grants Awarded
Over the last fiscal year, Governing Council Of The University Of Toronto has awarded $1,650,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: Research | $389,000 |
REGENTS OF UNIVERSITY OF MINNESOTA PURPOSE: Research | $125,000 |
ALLCHEMY INC PURPOSE: Research | $315,000 |
UNIVERSITY OF WASHINGTON PURPOSE: Research | $142,000 |
RUTGERS THE STATE UNIVERSITY OF NEW JERSEY PURPOSE: Research | $125,000 |
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: Research | $111,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|