Temple University-Of The Commonwealth System Of Higher Educ
- Assets
- $3.8b
- Revenue
- $1.6b
- Investments
- $643.8m
- Employees
- 21,069
- Location
- Philadelphia, PA
- Founding
- 08/1926
- Data as of
- 06/2022
- EIN
- 23-1365971
Organization Overview
Temple University-Of The Commonwealth System Of Higher Educ is located in Philadelphia, PA. The organization was established in 1926. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Temple University-Of The Commonwealth System Of Higher Educ employed 21,069 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple University-Of The Commonwealth System Of Higher Educ 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 06/2022, Temple University-Of The Commonwealth System Of Higher Educ generated $1.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.5b during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Temple University-Of The Commonwealth System Of Higher Educ has awarded 932 individual grants totaling $102,441,749. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ACCESS TO HIGH QUALITY AND AFFORDABLE HIGHER EDUCATION, WORLD-CLASS RESEARCH, AND PUBLIC SERVICE THROUGH ITS CAMPUSES AND DISTANCE LEARNING PROGRAMS.
Describe the Organization's Program Activity:
INSTRUCTION - INCLUDES UNDERGRADUATE, GRADUATE, PROFESSIONAL, NON-CREDIT CONTINUING EDUCATION, AND DISTANCE LEARNING PROGRAMS.
OTHER PROGRAM SERVICES LISTED BELOW:
RESEARCH - INCLUDES GOVERNMENTAL SPONSORED, PRIVATE SPONSORED, AND NON-SPONSORED RESEARCH.
AUXILIARY ENTERPRISES - INCLUDES STUDENT HOUSING AND DINING FACILITIES, TICKET SALES FOR ATHLETIC AND COMMUNITY EVENTS, OTHER ATHLETIC DEPARTMENT REVENUES, PARKING SERVICES, AND OTHER MISCELLANEOUS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 4 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee (commonwealth Appointee) | Trustee | 2 | $0 |
Name Not Listed Trustee (commonwealth Appointee) | Trustee | 2 | $0 |
Name Not Listed Trustee (commonwealth Appointee) | Trustee | 2 | $0 |
Name Not Listed Trustee (commonwealth Appointee) | Trustee | 11 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Receivables Llc Food Management Services | 6/29/22 | $24,036,000 |
Universal Protection Services Llc Security Services | 6/29/22 | $11,313,000 |
Collins & Collins Mechanical Incorporated Mechanical Services | 6/29/22 | $7,599,000 |
Target Building Construction Construction Services | 6/29/22 | $5,236,000 |
Mayfield Site Contractors Inc Construction Services | 6/29/22 | $6,101,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $314,910,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,995,000 |
| Noncash contributions included in lines 1a–1f | $3,475,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,915,000 |
| Total Program Service Revenue | $1,127,549,000 |
| Investment income | $42,581,000 |
| Tax Exempt Bond Proceeds | $1,000 |
| Royalties | $1,021,000 |
| Net Rental Income | $2,248,000 |
| Net Gain/Loss on Asset Sales | $2,954,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,586,269,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,186,000 |
| Grants and other assistance to domestic individuals. | $224,116,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,447,000 |
| Compensation of current officers, directors, key employees. | $7,970,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,630,000 |
| Pension plan accruals and contributions | $45,299,000 |
| Other employee benefits | $76,398,000 |
| Payroll taxes | $48,524,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,384,000 |
| Fees for services: Accounting | $467,000 |
| Fees for services: Lobbying | $861,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,635,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,303,000 |
| Office expenses | $133,586,000 |
| Information technology | $40,762,000 |
| Royalties | $438,000 |
| Occupancy | $39,536,000 |
| Travel | $14,692,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $11,000 |
| Conferences, conventions, and meetings | $1,429,000 |
| Interest | $18,450,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,987,000 |
| Insurance | $5,927,000 |
| All other expenses | $0 |
| Total functional expenses | $1,472,762,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,000 |
| Savings and temporary cash investments | $307,620,000 |
| Pledges and grants receivable | $61,367,000 |
| Accounts receivable, net | $157,211,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,863,000 |
| Inventories for sale or use | $482,000 |
| Prepaid expenses and deferred charges | $53,624,000 |
| Net Land, buildings, and equipment | $1,566,417,000 |
| Investments—publicly traded securities | $904,771,000 |
| Investments—other securities | $643,792,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,047,000 |
| Total assets | $3,835,400,000 |
| Accounts payable and accrued expenses | $259,452,000 |
| Grants payable | $0 |
| Deferred revenue | $95,343,000 |
| Tax-exempt bond liabilities | $411,447,000 |
| Escrow or custodial account liability | $2,830,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $178,846,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $947,918,000 |
| Net assets without donor restrictions | $2,336,515,000 |
| Net assets with donor restrictions | $550,967,000 |
| 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 | $3,835,400,000 |
Grants Awarded
Over the last fiscal year, Temple University-Of The Commonwealth System Of Higher Educ has awarded $12,174,323 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
AGENCIA ESTATAL CONSEJO SUPERIOR DE INVESTIGACIONES PURPOSE: Research subcontract | $106,478 |
ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: Research subcontract | $404,878 |
BETH ISRAEL DEACONESS MEDICAL CENTER INC PURPOSE: Research subcontract | $23,851 |
ALBERT EINSTEIN HEALTHCARE NETWORK PURPOSE: Research subcontract | $14,746 |
ASSOCIATION OF PUBLIC AND LAND-GRANT UNIVERSITIES PURPOSE: Research subcontract | $89,602 |
BIOQUAL INCORPORATED PURPOSE: Research subcontract | $785,972 |