Royal Institution For The Advancement Of Learning-Mcgill Uni
- Assets
- $4.5b
- Revenue
- $1.2b
- Investments
- $499.4m
- Employees
- 0
- Location
- Founding
- 04/1944
- Data as of
- 04/2023
- EIN
- 98-6001153
Organization Overview
Royal Institution For The Advancement Of Learning-Mcgill Uni, operating under the name McGill University, is located in null. The organization was established in 1944. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. McGill 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 04/2023, McGill University generated $1.2b in total revenue. All expenses for the organization totaled $1.3b during the year ending 04/2023. While expenses have increased by 485.0% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF LEARNING AND THE CREATION AND DISSEMINATION OF KNOWLEDGE BY OFFERING THE BEST POSSIBLE EDUCATION BY CARRYING OUT RESEARCH AND SCHOLARLY ACTIVITIES JUDGED TO BE EXCELLENT BY THE HIGHEST INTERNATIONAL STANDARDS AND BY PROVIDING SERVICE TO SOCIETY.
Describe the Organization's Program Activity:
TEACHING: PROGRAMS OFFERED TO STUDENTS EARNING CERTIFICATES DIPLOMAS BACHELORS MASTERS & DOCTORAL DEGREES. FOR FALL 2022 SEMESTER THERE WERE 39,513 FULL-TIME AND PART-TIME STUDENTS REGISTERED. RESEARCH: THE OVERALL RESEARCH ACTIVITY IS GENERALLY SUMMARIZED AS TWO MAIN STREAMS: DIRECT RESEARCH GRANTS AND CONTRACTS AND INFRASTRUCTURE GRANTS. ACADEMICS FACILITIES: SUPPORTS TEACHING AND RESEARCH FUNCTIONS E.G. LIBRARIES IT SERVICES & CAMPUS MAINTENANCE
STUDENT SERVICES: PROGRAMS AND ACTIVITIES INTENDED TO SUPPORT AND ENHANCE CAMPUS LIFE AND THE WELL BEING OF THE STUDENTS ATTENDING THE UNIVERSITY. THESE INCLUDE PRIMARILY FINANCIAL AID IN THE FORM OF SCHOLARSHIPS FELLOWSHIPS PRIZES AND AWARDS THAT ARE GIVEN BASED ON SCHOLASTIC ACHIEVEMENT. BURSARIES ARE GIVEN PURELY ON THE BASIS OF NEED. OTHER SERVICES INCLUDE HEALTH CARE PHYSICAL AND MENTAL; CAREER COUNSELING AND THE AVAILABILITY OF SPORTS AND SPORTING FACILITIES. ALL OF THESE ACTIVITIES ARE MAINTAINED ON BOTH CAMPUSES OF THE UNIVERSITY.
COMMUNITY SERVICES: INCLUDE NON-CREDIT COURSES WORKSHOPS SEMINARS CONFERENCES AND THE USE OF UNIVERSITY PERSONNEL EXPERTISE IN JOINT PROJECTS WITH OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Fortier Principal Vice-Chancellor | Officer | 0 | $448,530 |
Marc Weinstein Vice-Principal University Advancement | 0 | $406,591 | |
David Eidelman Vice-Principal Health Affairs Dean Faculty Of Medicine Health Sciences | Officer | 0 | $409,401 |
Maxime Cohen Director Of Research Bsrm | 0 | $396,643 | |
Alain Pinsonneault Academic Director Emba | 0 | $363,608 | |
Vadim Di Pietro Administrative Director Desautels Capital Management | 0 | $323,115 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Groupe De Securite Garda Senc Security | 4/29/23 | $3,629,916 |
Entretien Peace Plus Inc Janitorial | 4/29/23 | $2,770,995 |
Illumina Canada Ulc Research | 4/29/23 | $922,359 |
Mcgill University Health Center Repairs/maintenance | 4/29/23 | $1,722,576 |
Research Institute Of The Muhc Research | 4/29/23 | $1,318,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $661,560,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,983,720 |
| Noncash contributions included in lines 1a–1f | $15,453,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,544,563 |
| Total Program Service Revenue | $370,927,309 |
| Investment income | $75,663,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $813,564 |
| Net Rental Income | $11,618,538 |
| 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 | $1,253,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,248,945,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,100,586 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,626,392 |
| Compensation of current officers, directors, key employees. | $3,207,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,312,145 |
| Pension plan accruals and contributions | $50,762,171 |
| Other employee benefits | $56,728,481 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,807 |
| Fees for services: Accounting | $319,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $458,873 |
| Fees for services: Investment Management | $7,440,305 |
| Fees for services: Other | $43,617,636 |
| Advertising and promotion | $2,119,974 |
| Office expenses | $75,491,591 |
| Information technology | $555,387 |
| Royalties | $0 |
| Occupancy | $39,757,441 |
| Travel | $17,822,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,314,920 |
| Interest | $33,446,853 |
| Payments to affiliates | $46,475,710 |
| Depreciation, depletion, and amortization | $137,362,577 |
| Insurance | $5,280,689 |
| All other expenses | -$1,488,618 |
| Total functional expenses | $1,260,100,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $261,446,309 |
| Pledges and grants receivable | $1,176,534,700 |
| Accounts receivable, net | $34,409,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,056,473 |
| Prepaid expenses and deferred charges | $10,595,784 |
| Net Land, buildings, and equipment | $1,504,766,170 |
| Investments—publicly traded securities | $986,393,847 |
| Investments—other securities | $499,445,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,474,648,174 |
| Accounts payable and accrued expenses | $205,602,010 |
| Grants payable | $0 |
| Deferred revenue | $1,667,662,511 |
| Tax-exempt bond liabilities | $935,353,869 |
| 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 | $298,900,721 |
| Total liabilities | $3,107,519,111 |
| Net assets without donor restrictions | -$284,626,758 |
| Net assets with donor restrictions | $1,651,755,821 |
| 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 | $4,474,648,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|