Washington University
- Assets
- $21.2b
- Revenue
- $4.9b
- Investments
- $10.1b
- Employees
- 28,513
- Location
- Saint Louis, MO
- Founding
- 08/1933
- Data as of
- 06/2021
- EIN
- 43-0653611
Organization Overview
Washington University is located in Saint Louis, MO. The organization was established in 1933. 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, Washington University employed 28,513 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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 06/2021, Washington University generated $4.9b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.1b during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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 2015, Washington University has awarded 2,061 individual grants totaling $409,456,262. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WASHINGTON UNIVERSITY IS A CO-EDUCATIONAL, NONDENOMINATIONAL UNIVERSITY WITH A LONG AND DISTINGUISHED HISTORY OF TEACHING, RESEARCH AND (CONT'D ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THIS CATEGORY INCLUDES EXPENDITURES FOR ALL ACTIVITIES THAT ARE PART OF AN INSTITUTION'S INSTRUCTION PROGRAM, WITH THE EXCEPTION OF EXPENDITURES FOR REMEDIAL AND TUTORIAL INSTRUCTION, WHICH ARE CATEGORIZED AS STUDENT SERVICES. EXPENDITURES FOR CREDIT AND NON-CREDIT COURSES FOR ACADEMIC, OCCUPATIONAL, VOCATIONAL AND MEDICAL CARE INSTRUCTION, AND FOR REGULAR, SPECIAL AND EXTENSION SESSIONS ARE INCLUDED. ATTENDANCE: FALL SEMESTER 17,047 AND SPRING SEMESTER 16,244 APPROXIMATELY 402,689 PATIENTS WERE TREATED BY MEDICAL SCHOOL FACULTY AND STUDENTS.
ACADEMIC SUPPORT
RESEARCH - THIS CATEGORY INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH OUTCOMES, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. SUBJECT TO THESE CONDITIONS, IT INCLUDES EXPENDITURES FOR INDIVIDUAL AND/OR PRODUCT RESEARCH AS WELL AS THOSE OF THE INSTITUTES AND RESEARCH CENTERS. REVENUES EXCLUDE GOVERNMENT GRANTS WHICH ARE REPORTED AS CONTRIBUTIONS. DURING FISCAL YEAR 2022, THE UNIVERSITY RECEIVED 4,078 DIRECT AND INDIRECT AWARDS.
AUXILIARY AND STUDENT SUPPORT SERVICES - EXPENSES INCURRED ARE PRIMARILY FOR THE SUPPORT OF STUDENTS. AUXILIARY ACTIVITIES INCLUDING STUDENT HOUSING, FOOD SERVICE, TRANSPORTATION AND CAMPUS PARKING. STUDENT SERVICES ARE THOSE ACTIVITIES THAT DIRECTLY SUPPORT THE STUDENTS BUT DO NOT QUALIFY AS MANAGEMENT AND GENERAL COSTS. SIGNIFICANT COMPONENTS INCLUDE CENTRAL AND SCHOOL-SPECIFIC ADMISSIONS, REGISTRARS, CAREER PLANNING AND PLACEMENT OFFICES, STUDENT FINANCIAL AID LOAN OFFICES, STUDENT HEALTH SERVICES, ATHLETICS, STUDENT ACTIVITIES OFFICE, INTERNATIONAL STUDENTS OFFICE, AND THE VICE CHANCELLOR FOR STUDENTS OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wilson Chief Investment Officer | Officer | 40 | $6,401,945 |
Andrew Choquette Dep Chief Investment Officer | 40 | $3,547,808 | |
David Perlmutter Exec Vc Medical Affairs | Officer | 40 | $1,862,682 |
Michael Stohler Managing Dir. Of Investments | 40 | $1,938,389 | |
Sean Arp COO - Investment Mgmt | 40 | $1,817,561 | |
John Clohisy Dist Prof Of Ortho Surgery | 40 | $1,684,248 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Construction Enterprise Co O Construction Service | 6/29/22 | $15,367,058 |
Iqvia Rds Inc Clinical Trial Svcs | 6/29/22 | $10,925,601 |
Witt Fiala Flannery And Associates Maintenance Svcs | 6/29/22 | $10,587,369 |
Mccarthy Building Companies Inc Construction Service | 6/29/22 | $102,284,778 |
Tarlton Corporation Construction Service | 6/29/22 | $15,924,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,101,109 |
| Investment income | $51,114,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $33,177,918 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,003,067,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,891,410,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $386,539,091 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,049,520 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,680,502 |
| Compensation to disqualified persons | $17,094,580 |
| Other salaries and wages | $1,699,236,837 |
| Pension plan accruals and contributions | $71,366,886 |
| Other employee benefits | $238,936,883 |
| Payroll taxes | $102,338,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,934,092 |
| Fees for services: Accounting | $565,336 |
| Fees for services: Lobbying | $221,910 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,245,326 |
| Fees for services: Other | $163,733,388 |
| Advertising and promotion | $1,867,442 |
| Office expenses | $141,056,347 |
| Information technology | $51,486,147 |
| Royalties | $0 |
| Occupancy | $140,053,970 |
| Travel | $4,918,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,693,153 |
| Interest | $71,484,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,824,816 |
| Insurance | $37,246,926 |
| All other expenses | $0 |
| Total functional expenses | $4,080,045,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $263,943,883 |
| Pledges and grants receivable | $407,232,407 |
| Accounts receivable, net | $565,561,344 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,700,778 |
| Inventories for sale or use | $26,085,521 |
| Prepaid expenses and deferred charges | $19,895,814 |
| Investments—publicly traded securities | $6,362,287,526 |
| Investments—other securities | $10,098,864,640 |
| Investments—program-related | $72,733,946 |
| Intangible assets | $0 |
| Other assets | $370,086,364 |
| Total assets | $21,212,747,000 |
| Accounts payable and accrued expenses | $623,046,639 |
| Grants payable | $0 |
| Deferred revenue | $161,045,152 |
| Tax-exempt bond liabilities | $112,945,257 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $122,552,670 |
| Unsecured mortgages and notes payable | $2,154,879,710 |
| Other liabilities | $288,172,224 |
| Total liabilities | $3,462,641,652 |
| 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 | $17,750,105,348 |
Grants Awarded
Over the last fiscal year, Washington University has awarded $73,204,794 in support to 302 organizations.
| Grant Recipient | Amount |
|---|---|
A MILLION STARS INC PURPOSE: SPONSORSHIP | $7,500 |
ADVOCATE HEALTH AND HOSPITALS CORP PURPOSE: RESEARCH | $46,878 |
AECOM TECHNICAL SERVICES INC PURPOSE: RESEARCH | $12,013 |
AFFINIA HEALTHCARE PURPOSE: RESEARCH | $20,888 |
ALBERT EINSTEIN COLLEGE MEDICINE INC PURPOSE: RESEARCH | $45,802 |
ALL CHILDRENS HOSPITAL PURPOSE: RESEARCH | $8,888 |