The Governors Of The University Of Alberta
- Assets
- $4.9b
- Revenue
- $1.5b
- Investments
- $362.0m
- Employees
- 13,453
- Location
- Founding
- 10/1953
- Data as of
- 03/2022
- EIN
- 98-6001254
Organization Overview
The Governors Of The University Of Alberta is located in null. The organization was established in 1953. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 03/2022, Governors Of The University Of Alberta employed 13,453 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governors Of The University Of Alberta 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 03/2022, Governors Of The University Of Alberta generated $1.5b in total revenue. All expenses for the organization totaled $1.4b during the year ending 03/2022. While expenses have increased by 164.4% 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
THE GOVERNORS OF THE UNIVERSITY OF ALBERTA IS A CORPORATION THAT MANAGES AND OPERATES THE UNIVERSITY OF ALBERTA UNDER THE POST-SECONDARY LEARNING ACT (ALBERTA). THE UNIVERSITY IS A COMPREHENSIVE ACADEMIC AND RESEARCH INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AS WELL AS A FULL RANGE OF CONTINUING EDUCATION PROGRAMS AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS - THIS FUND INCLUDES THE PROVINCIAL GOVERNMENT OPERATING GRANT, TUITION FEE REVENUE, INVESTMENT INCOME AVAILABLE FOR GENERAL SPENDING AND ANY NEW REVENUES GENERATED BY FACULTIES AND ADMINISTRATIVE UNITS. APPROXIMATELY 40,061 STUDENTS FROM ALL CANADIAN PROVINCES AND TERRITORIES AND 156 OTHER COUNTRIES, PARTICIPATING IN: COLLEGE OF HEALTH SCIENCES (KINESIOLOGY, SPORT, + RECREATION; MEDICINE + DENTISTRY; NURSING; PHARMACY + PHARMACEUTICAL SCIENCES; SCHOOL OF PUBLIC HEALTH; REHABILITATION MEDICINE); COLLEGE OF NATURAL + APPLIED SCIENCES (AGRICULTURAL, LIFE + ENVIRONMENTAL SCIENCES; ENGINEERING; SCIENCE); COLLEGE OF SOCIAL SCIENCES + HUMANITIES (ALBERTA SCHOOL OF BUSINESS; ARTS; EDUCATION; LAW); FACULTIES (AUGUSTANA; CAMPUS SAINT-JEAN (FRENCH); EXTENSION; GRADUATE STUDIES + RESEARCH; NATIVE STUDIES)
SPONSORED RESEARCH - FUNDED BY GRANTS AND CONTRACTS FROM EXTERNAL SPONSORS, DONATIONS AND ENDOWMENT INVESTMENT INCOME AVAILABLE FOR SPENDING. THE UNIVERSITY RANKS AMONG THE TOP FIVE CANADIAN UNIVERSITIES IN ANNUAL SPONSORED RESEARCH FUNDING, INCLUDING CLINICAL TRIALS AND RELATED RESEARCH FUNDING. THE UNIVERSITY IS ALSO AMONG THE TOP FIVE CANADIAN UNIVERSITIES IN ANNUAL TOTAL RESEARCH FUNDING FROM THE THREE FEDERAL GOVERNMENT GRANTING COUNCILS: THE CANADIAN INSTITUTES OF HEALTH RESEARCH, THE NATURAL SCIENCES AND ENGINEERING RESEARCH COUNCIL, AND THE SOCIAL SCIENCES AND HUMANITIES RESEARCH COUNCIL.
ANCILLARY SERVICES - THESE UNIVERSITY BUSINESS ENTERPRISES PROVIDE GOODS AND SERVICES TO THE UNIVERSITY COMMUNITY AND TO INDIVIDUALS, COMPANIES AND ORGANIZATIONS EXTERNAL TO THE UNIVERSITY. THESE UNITS ARE EXPECTED TO OPERATE ON EITHER A BREAK-EVEN BASIS, COVERING THEIR FULL OPERATING AND CAPITAL COSTS, OR ON A PROFIT BASIS WHICH IS USED TO SUPPORT THE UNIVERSITY'S ACTIVITIES.
OTHER PROGRAM SERVICES INCLUDE: SPECIAL PURPOSE (FUNDED BY GRANTS AND CONTRACTS FROM EXTERNAL SPONSORS, DONATIONS AND ENDOWMENT INVESTMENT INCOME AVAILABLE FOR SPENDING. EXPENDITURES INCLUDE SCHOLARSHIPS AND BURSARIES, AND OTHER SPECIAL PROJECTS INVOLVING TEACHING AND COMMUNITY SERVICE.); CAPITAL (FUNDED BY PROVINCIAL, FEDERAL AND OTHER GOVERNMENT GRANTS AND DONATIONS. FUNDS ARE PRIMARILY DESIGNATED FOR THE ACQUISITION OF BUILDINGS, EQUIPMENT AND FURNISHINGS, INCLUDING MAJOR RENOVATIONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xin-Min Li Professor And Chair, Psychiatry | 40 | $446,000 | |
Randall Morck Professor Alberta School Of Business | 40 | $444,000 | |
Paul Major Professor And Department Chair, Dentistry | 40 | $371,000 | |
William Flanagan President | Officer | 40 | $362,000 |
Edy Lai-Man Wong Professor Alberta School Of Business | 40 | $354,000 | |
Karim Jamal Professor And Chair, Accounting And Business Analytics | 40 | $348,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Homewood Health Inc Healthcare | 3/30/22 | $2,170,000 |
Bee-clean Building Maintenance Janitorial Services | 3/30/22 | $1,893,000 |
Aramark Canada Ltd Food Services | 3/30/22 | $8,236,000 |
Tata Consultancy Services Canada Inc It Services | 3/30/22 | $585,000 |
Ibm Canada Ltd It Services | 3/30/22 | $530,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $579,769,000 |
| Government grants | $169,364,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,951,000 |
| Noncash contributions included in lines 1a–1f | $1,270,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,084,000 |
| Total Program Service Revenue | $346,741,000 |
| Investment income | $254,738,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,099,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,977,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,502,484,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,581,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $135,824,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,466,000 |
| Compensation of current officers, directors, key employees. | $2,579,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,804,000 |
| Pension plan accruals and contributions | $71,487,000 |
| Other employee benefits | $50,983,000 |
| Payroll taxes | $31,972,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $310,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,751,000 |
| Fees for services: Other | $38,797,000 |
| Advertising and promotion | $2,298,000 |
| Office expenses | $7,260,000 |
| Information technology | $26,972,000 |
| Royalties | $347,000 |
| Occupancy | $45,207,000 |
| Travel | $3,970,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,229,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,563,000 |
| Insurance | $3,301,000 |
| All other expenses | $0 |
| Total functional expenses | $1,398,560,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,586,000 |
| Savings and temporary cash investments | $370,096,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,458,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,381,000 |
| Prepaid expenses and deferred charges | $9,865,000 |
| Net Land, buildings, and equipment | $2,196,535,000 |
| Investments—publicly traded securities | $1,428,351,000 |
| Investments—other securities | $362,045,000 |
| Investments—program-related | $363,201,000 |
| Intangible assets | $0 |
| Other assets | -$624,000 |
| Total assets | $4,860,894,000 |
| Accounts payable and accrued expenses | $357,723,000 |
| Grants payable | $0 |
| Deferred revenue | $2,108,919,000 |
| 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 | $309,102,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,775,744,000 |
| Net assets without donor restrictions | $752,845,000 |
| Net assets with donor restrictions | $1,332,305,000 |
| 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 | $4,860,894,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Governors Of The University Of Alberta has recieved totaling $22,645.
| Awarding Organization | Amount |
|---|---|
Prader-Willi Syndrome Association Sarasota, FL PURPOSE: HAQQ-GUT MICROBIOME | $22,645 |
Endowment Analysis
| Beg. Balance | $1,278,869,000 |
| Earnings | $150,506,000 |
| Admin Expense | $14,740,000 |
| Net Contributions | $14,758,000 |
| Grants | $97,088,000 |
| Ending Balance | $1,332,305,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Hospital Of Paris | $275,738,512 | $151,480,983 |
Joint Israel | $84,677,000 | $114,475,000 |
Fundacion De La Universidad Del Valle De Guatemala | $108,406,645 | $67,532,901 |
Aisg Inc | $88,681,882 | $31,560,932 |
Eshel-The Assn for the Planning&Develop ment of Services for the Aged in Israel | $0 | $14,530,000 |
Alliance Israelite Universelle | $18,938,942 | $3,799,079 |
Near East South Asia Council Of Overseas Schools | $1,830,360 | $1,211,974 |
World Assistance For Cambodia Inc | $1,401,191 | $779,817 |
Fomento Educational A C | $7,544,855 | $415,574 |
International Society For Isaac | $801,667 | $221,657 |
Jerusalem Institute For Market Studies Inc | $374,320 | $375,000 |
International Pediatric Transplant Association Inc | $2,129,460 | $167,720 |