University Of Victoria
- Assets
- $1.5b
- Revenue
- $512.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 06/1967
- Data as of
- 03/2022
- EIN
- 98-6001816
Organization Overview
University Of Victoria is located in null. The organization was established in 1967. 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. University Of Victoria 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, University Of Victoria generated $512.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $510.3m during the year ending 03/2022. While expenses have increased by 1.5% 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 UNIVERSITY OF VICTORIA IS A COMPREHENSIVE RESEARCH UNIVERSITY OFFERING A WIDE RANGE OF UNDERGRADUATE GRADUATE AND CONTINUING STUDIES PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF VICTORIA IS A COMPREHENSIVE RESEARCH UNIVERSITY OFFERING A WIDE RANGE OF UNDERGRADUATE GRADUATE AND CONTINUING STUDIES PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hall Vice-Chancellor And Persident | OfficerTrustee | 40 | $0 |
Valerie Kuehne Vice-President Academic Provost | Officer | 40 | $0 |
Christopher Horbachewski Vice-President External Relations | Officer | 40 | $0 |
Kristi Simpson Acting Vice-President Finance Operations | Officer | 40 | $0 |
Gayle Gorrill Vice-President Finance Operations | Officer | 40 | $0 |
Lisa Kalynchuk Vice-President Research | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellisdon Kinetic - A Joint Venture Construction Contractor | 3/30/22 | $54,678,609 |
Cascadia West Contracting Ltd Construction Contractor | 3/30/22 | $2,904,225 |
Aral Construction Ltd Construction Contractor | 3/30/22 | $1,991,777 |
Perkinswill Canada Architects Co Architecture Contractor | 3/30/22 | $1,725,211 |
Dialog Architecture Contractor | 3/30/22 | $1,435,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $367,145 |
| Related organizations | $0 |
| Government grants | $259,869,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,477,439 |
| Noncash contributions included in lines 1a–1f | $2,343,697 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,714,509 |
| Total Program Service Revenue | $193,570,688 |
| Investment income | $876,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,060,566 |
| Net Income from Fundraising Events | $40,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,310,368 |
| 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 | $41,690,298 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,256,452 |
| Compensation of current officers, directors, key employees. | $1,925,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,015,277 |
| Pension plan accruals and contributions | $30,717,748 |
| Other employee benefits | $17,480,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,119,133 |
| Fees for services: Accounting | $206,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,140,399 |
| Fees for services: Other | $16,426,518 |
| Advertising and promotion | $1,478,063 |
| Office expenses | $46,044,732 |
| Information technology | $1,913,763 |
| Royalties | $1,420,049 |
| Occupancy | $11,120,165 |
| Travel | $3,298,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,867,126 |
| Insurance | $1,227,105 |
| All other expenses | $0 |
| Total functional expenses | $510,270,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,393,986 |
| Savings and temporary cash investments | $116,975,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,457,916 |
| Loans from Officers, Directors, or Controlling Persons | $716,851 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,339,562 |
| Prepaid expenses and deferred charges | $13,785,573 |
| Net Land, buildings, and equipment | $729,986,898 |
| Investments—publicly traded securities | $541,625,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,281,492 |
| Total assets | $1,491,562,584 |
| Accounts payable and accrued expenses | $29,192,043 |
| Grants payable | $0 |
| Deferred revenue | $574,396,284 |
| 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 | $131,466,798 |
| Other liabilities | $0 |
| Total liabilities | $735,055,125 |
| Net assets without donor restrictions | $421,792,788 |
| Net assets with donor restrictions | $334,714,671 |
| 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 | $1,491,562,584 |
Endowment Analysis
| Beg. Balance | $419,230,362 |
| Earnings | $3,752,293 |
| Admin Expense | $1,047,440 |
| Net Contributions | $9,621,770 |
| Grants | $14,030,081 |
| Ending Balance | $417,526,904 |
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 |