Carleton University
- Assets
- $1.4b
- Revenue
- $491.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 12/1970
- Data as of
- 04/2021
- EIN
- 23-7088831
Organization Overview
Carleton University is located in null. The organization was established in 1970. 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. Carleton 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 04/2021, Carleton University generated $491.2m 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 $484.3m during the year ending 04/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARLETON UNIVERSITY PROVIDES POST SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS, PLANT FUND, SCHOLARSHIP AND BURSARIES
SPONSORED AND CONTRACT RESEARCH
ANCILLARY OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benoit Antoine Bacon President | OfficerTrustee | 35 | $310,740 |
Dana Brown Dean | 35 | $218,055 | |
Michel Piche Vice President Finance And Admin | Officer | 35 | $215,970 |
Larry Kostiuk Professor | 35 | $211,921 | |
Thomas Tomberlin Provost And VP Academic | Officer | 35 | $197,101 |
Paul Van Oorschot Professor | 35 | $188,683 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Re Hein Construction Construction | 4/29/21 | $22,772,911 |
Flynn Canada Ltd Construction | 4/29/21 | $2,451,742 |
C And W Facilities Services Maintenance | 4/29/21 | $8,667,357 |
Aramark Food Services | 4/29/21 | $4,701,791 |
Ibm Canada Ltd It Equipment/services | 4/29/21 | $3,065,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,906,203 |
| Investment income | $16,866,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $491,246,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,668,347 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,959,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,992,590 |
| Pension plan accruals and contributions | $18,830,745 |
| Other employee benefits | $41,324,937 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $474,254 |
| Fees for services: Accounting | $98,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $559,681 |
| Fees for services: Other | $8,707,438 |
| Advertising and promotion | $1,261,303 |
| Office expenses | $13,285,874 |
| Information technology | $668,666 |
| Royalties | $0 |
| Occupancy | $24,421,720 |
| Travel | $1,186,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $954,511 |
| Interest | $2,194,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,058,892 |
| Insurance | $683,732 |
| All other expenses | $0 |
| Total functional expenses | $484,312,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,644,879 |
| Savings and temporary cash investments | $114,819,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,951,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,002,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $286,241,975 |
| Intangible assets | $0 |
| Other assets | $5,434,063 |
| Total assets | $1,411,228,764 |
| Accounts payable and accrued expenses | $122,179,950 |
| Grants payable | $0 |
| Deferred revenue | $258,637,744 |
| 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 | $48,276,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $429,093,734 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $982,135,030 |
Endowment Analysis
| Beg. Balance | $212,374,534 |
| Earnings | $78,974,942 |
| Admin Expense | $3,463,279 |
| Net Contributions | $4,658,000 |
| Grants | $9,686,494 |
| Ending Balance | $282,857,703 |
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 |