University Of Prince Edward Island
- Assets
- $340.4m
- Revenue
- $150.8m
- Investments
- $6.3m
- Employees
- 0
- Location
- Founding
- 09/2000
- Data as of
- 04/2022
- EIN
- 31-1682468
Organization Overview
University Of Prince Edward Island is located in null. The organization was established in 2000. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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 Prince Edward Island 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 04/2022, University Of Prince Edward Island generated $150.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $126.6m during the year ending 04/2022. While expenses have increased by 2.3% 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, FOUNDED ON THE TRADITION OF LIBERAL EDUCATION, EXISTS TO ENCOURAGE AND ASSIST PEOPLE TO ACQUIRE THE UNDERSTANDING NECESSARY FOR CRITICAL AND CREATIVE THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: UPEI IS A PUBLIC LIBERAL ARTS AND SCIENCE DEGREE-GRANTING INSTITUTION COMMITTED TO THE ENCOURAGEMENT AND FOSTERING OF CRITICAL, CREATIVE, AND INDEPENDENT THINKING. THROUGHOUT THE 2021-2022 FISCAL PERIOD, THERE WAS A TOTAL OF APPROXIMATELY 5,036 STUDENTS ENROLLED IN PART-TIME AND FULL-TIME STUDIES WITH SOME 979 DEGREES GRANTED INCLUDING BACHELOR'S DEGREES, CERTIFICATES, MASTERS AND PHD'S. UPEI HAS CONSISTENTLY BEEN RECOGNIZED AS ONE OF CANADA'S LEADING PRIMARILY UNDERGRADUATE UNIVERSITIES IN CANADA ACCORDING TO MACLEAN'S UNIVERSITY RANKINGS.
RESEARCH: WITH CURRENT ANNUAL RESEARCH EXPENDITURES OF MORE THAN $7.1M AND A GROWING REPUTATION FOR RESEARCH ACHIEVEMENT, THE UNIVERSITY OF PRINCE EDWARD ISLAND RANKS AS ONE OF THE TOP TEN RESEARCH-INTENSIVE UNDERGRADUATE UNIVERSITIES IN CANADA ACCORDING TO MACLEAN'S UNIVERSITY RANKING WITH GRADUATE STUDENT NUMBERS HAVING INCREASED OVER 220% IN THE LAST DECADE. ULTIMATELY, UPEI'S GOAL IS TO FIRMLY SUPPORT AN INNOVATIVE RESEARCH CULTURE THROUGHOUT CAMPUS AND TO ENCOURAGE THE PRACTICE OF KNOWLEDGE TRANSLATION AND UTILIZATION IN ALL RESEARCH ENDEAVOURS AT UPEI. THE UNIVERSITY WAS RANKED NUMBER ONE IN CANADA FOR RESEARCH INCOME GROWTH BY RESEARCH INFOSOURCE AND IS HOME TO TEN DOZEN RESEARCH CHAIRS, INCLUDING THE PRESTIGIOUS CANADA EXCELLENCE RESEARCH CHAIR IN AQUATIC EPIDEMIOLOGY. THE UNIVERSITY ALSO HAS A STRATEGIC RESEARCH PLAN IN PLACE WHICH IDENTIFIES ELEVEN AREAS OF RESEARCH EXPERTISE DIVIDED INTO THREE MAIN CATEGORIES INCLUDING ENVIRONMENT, HEALTH, AND COMMUNITY & CULTURE.
SCHOLARSHIPS, BURSARIES & STUDENT AID: THE UNIVERSITY OPERATES A ROBUST PROGRAM OF FINANCIAL SUPPORT TO UNIVERSITY STUDENTS INCLUDING SCHOLARSHIPS, ACADEMIC PRIZES, BURSARIES AND GRADUATE STIPENDS. THESE AWARDS ARE BASED ON TERMS OF REFERENCE ESTABLISHED BY THE UNIVERSITY, EXTERNAL AGENCIES, OR DONORS. THROUGHOUT THE 2021-2022 FISCAL PERIOD, SOME SCHOLARSHIPS, IN EXCESS OF $8.9M WERE AWARDED. WHILE THE MAJORITY OF THESE AWARDS ARE BASED ON ACADEMIC MERIT, FINANCIAL NEED AND OTHER CRITERIA ARE ALSO CONSIDERED. A COMPLETE LIST OF ENTRANCE SCHOLARSHIPS AND AWARDS ARE LISTED ON THE SCHOLARSHIPS AND AWARDS FOR FIRST YEAR STUDENTS CHART ON THE UPEI WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alaa Abd-El-Aziz Former President | OfficerTrustee | 0 | $387,627 |
Jackie Podger Vice President, Admin & Financ | Officer | 0 | $257,598 |
Katherine Gottschall-Pass Interim Vp, Academic & Researc | Officer | 0 | $249,573 |
Gregory Paul Keefe Interim President | Officer | 0 | $202,285 |
Nicholas Krouglicof Professor | 0 | $188,953 | |
Gary Evans Associate Professor | 0 | $188,720 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pei Energy Systems Utilities | 4/29/22 | $3,304,186 |
Softchoice Lp Tech | 4/29/22 | $1,521,679 |
Brighton Construction Inc Construction Mgmt | 4/29/22 | $22,567,575 |
Maritime Electric Utilities | 4/29/22 | $2,272,729 |
Bird Construction Group Construction Mgmt | 4/29/22 | $8,007,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,607,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,398,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,005,890 |
| Total Program Service Revenue | $61,744,535 |
| Investment income | $10,003,664 |
| 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 | $150,754,089 |
| 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 | $7,642,369 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,331,315 |
| Compensation of current officers, directors, key employees. | $1,331,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,118,653 |
| Pension plan accruals and contributions | $7,203,488 |
| Other employee benefits | $6,240,666 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,743,313 |
| Fees for services: Accounting | $110,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $162,152 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,545,119 |
| Travel | $661,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,430,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,509,605 |
| Insurance | $364,530 |
| All other expenses | $2,258,330 |
| Total functional expenses | $126,628,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,941,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $716,275 |
| Accounts receivable, net | $5,635,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,343,382 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $208,336,376 |
| Investments—publicly traded securities | $98,149,208 |
| Investments—other securities | $6,266,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,388,984 |
| Accounts payable and accrued expenses | $18,714,942 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $18,316,196 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,639,193 |
| Total liabilities | $99,670,331 |
| Net assets without donor restrictions | $159,922,234 |
| Net assets with donor restrictions | $80,796,419 |
| 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 | $340,388,984 |
Endowment Analysis
| Beg. Balance | $46,599,235 |
| Earnings | $8,863,404 |
| Net Contributions | $8,405,756 |
| Other Expense | $3,010,112 |
| Ending Balance | $60,858,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tel Aviv University | $2,569,449,000 | $866,534,000 |
University Of Prince Edward Island | $340,388,984 | $150,754,089 |
President & Scholars Of The College Of Saint Mary Magdalen In The Univ | $982,019,293 | $27,997,323 |
Warden & Scholars Of New College Oxford | $490,960,522 | $26,408,377 |
Emmanuel College | $520,755,700 | $32,084,048 |
Merton College | $449,219,486 | $18,363,821 |