Trustees Of The University Of Pennsylvania
- Assets
- $24.6b
- Revenue
- $7.6b
- Investments
- $9.5b
- Employees
- 55,450
- Location
- Philadelphia, PA
- Founding
- 10/1940
- Data as of
- 06/2020
- EIN
- 23-1352685
Organization Overview
Trustees Of The University Of Pennsylvania is located in Philadelphia, PA. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Trustees Of The University Of Pennsylvania employed 55,450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Trustees Of The University Of Pennsylvania generated $7.6b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $7.2b during the year ending 06/2020. While expenses have increased by 5.0% per year over the past 5 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 2017, Trustees Of The University Of Pennsylvania has awarded 24 individual grants totaling $22,710,675. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Muller Former Ceo, Uphs | 0 | $5,971,412 | |
Larry Jameson Exec. VP Uphs & Dean Of Psom | Officer | 54 | $3,694,570 |
Peter Ammon Chief Investment Officer | Officer | 55 | $3,483,137 |
Dr Amy Gutmann President, Ex-Officio Trustee | OfficerTrustee | 55 | $3,072,450 |
William C Welch MD Cpup - Neurosurgery | 55 | $2,228,320 | |
Phillip B Storm MD Chop - Neurosurgery | 55 | $2,140,229 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intech Construction Inc Construction Mgmt | 6/29/20 | $32,517,261 |
Hunter Roberts Construction Group Construction Mgmt | 6/29/20 | $25,079,088 |
Clemens Construction Co Inc Construction Mgmt | 6/29/20 | $22,017,103 |
Lf Driscoll Company Llc Construction Mgmt | 6/29/20 | $34,158,637 |
Driscoll Balfour Beatty Construction Mgmt | 6/29/20 | $29,677,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $600,312 |
| Related organizations | $0 |
| Government grants | $871,731,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $848,169,688 |
| Noncash contributions included in lines 1a–1f | $20,595,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,501,000 |
| Total Program Service Revenue | $5,296,302,040 |
| Investment income | $103,425,000 |
| Tax Exempt Bond Proceeds | $3,915,000 |
| Royalties | $70,002,000 |
| Net Rental Income | $18,551,000 |
| Net Gain/Loss on Asset Sales | $411,271,000 |
| Net Income from Fundraising Events | -$52,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $624,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,624,539,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,971,681 |
| Grants and other assistance to domestic individuals. | $496,753,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,033,789 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,206,974 |
| Compensation of current officers, directors, key employees. | $2,410,349 |
| Compensation to disqualified persons | $20,937,147 |
| Other salaries and wages | $3,154,293,769 |
| Pension plan accruals and contributions | $220,412,000 |
| Other employee benefits | $394,371,109 |
| Payroll taxes | $211,622,000 |
| Fees for services: Management | $7,307,000 |
| Fees for services: Legal | $16,941,000 |
| Fees for services: Accounting | $2,831,000 |
| Fees for services: Lobbying | $251,000 |
| Fees for services: Fundraising | $1,569,916 |
| Fees for services: Investment Management | $53,416,000 |
| Fees for services: Other | $431,940,000 |
| Advertising and promotion | $25,721,000 |
| Office expenses | $238,807,000 |
| Information technology | $14,491,000 |
| Royalties | $1,805,000 |
| Occupancy | $198,303,000 |
| Travel | $63,258,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,506,000 |
| Interest | $63,834,000 |
| Payments to affiliates | -$1,782,000 |
| Depreciation, depletion, and amortization | $343,592,000 |
| Insurance | $74,538,000 |
| All other expenses | $140,890,681 |
| Total functional expenses | $7,213,047,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,681,542,000 |
| Pledges and grants receivable | $473,985,000 |
| Accounts receivable, net | $597,946,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $637,381 |
| Notes and loans receivable | $62,743,619 |
| Inventories for sale or use | $40,043,000 |
| Prepaid expenses and deferred charges | $88,490,000 |
| Net Land, buildings, and equipment | $6,402,185,000 |
| Investments—publicly traded securities | $5,200,547,595 |
| Investments—other securities | $9,526,822,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $532,162,000 |
| Total assets | $24,607,104,000 |
| Accounts payable and accrued expenses | $2,849,963,000 |
| Grants payable | $0 |
| Deferred revenue | $115,434,000 |
| Tax-exempt bond liabilities | $2,862,562,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $182,382,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,270,415,000 |
| Total liabilities | $8,280,756,000 |
| Net assets without donor restrictions | $8,656,902,000 |
| Net assets with donor restrictions | $7,669,446,000 |
| 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 | $24,607,104,000 |
Grants Awarded
Over the last fiscal year, Trustees Of The University Of Pennsylvania has awarded $4,990,081 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GRANT | $3,225,128 |
SCHOOL DISTRICT OF PHILADELPHIA PURPOSE: GRANT | $894,053 |
Philadelphia, PA PURPOSE: Support program services | $500,000 |
Philadelphia, PA PURPOSE: SUPPORT PRGM SRVCS | $175,000 |
Philadelphia, PA PURPOSE: Support program services | $100,000 |
LAUDER LDERSHIP IMMERSION AWARD | | | $28,400 |
Grants Recieved
Over the last fiscal year, we have identified 190 grants that Trustees Of The University Of Pennsylvania has recieved totaling $17,165,462.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $4,693,552 |
Asness Family Foundation Melville, NY PURPOSE: EDUCATIONAL PROGRAMS | $3,000,000 |
Leukemia & Lymphoma Society Inc Overland Park, KS PURPOSE: RESEARCH GRANT | $1,424,086 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $599,142 |
Center For Human Appeareance Philadelphia, PA PURPOSE: RESEARCH/EDUCATION | $489,070 |
Denver Research Institute Denver, CO PURPOSE: MEDICAL RESEARCH | $433,780 |
Endowment Analysis
| Beg. Balance | $12,847,660,057 |
| Earnings | $392,268,889 |
| Net Contributions | $494,200,819 |
| Other Expense | $590,222,799 |
| Ending Balance | $13,143,906,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Villanova University Villanova, PA | $1,878,489,443 | $644,725,997 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
Lehigh University Bethlehem, PA | $2,533,120,795 | $506,773,429 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $814,560,000 | $456,494,000 |