Worldquant University
- Assets
- $1.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 04/2016
- Data as of
- 06/2023
- EIN
- 47-3170111
Organization Overview
Worldquant University is located in New Orleans, LA. The organization was established in 2016. 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. Worldquant 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 06/2023, Worldquant University generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 10.6% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY'S MISSION IS TO MAKE INNOVATIVE, HIGH-QUALITY QUANTITATIVE FINANCE EDUCATION ACCESSIBLE TO STUDENTS WORLDWIDE, IN A GLOBALLY RELEVANT MANNER APPROPRIATE FOR STUDENTS IN BOTH EMERGING AND ESTABLISHED MARKETS.TO ACCOMPLISH ITS MISSION, THE UNIVERSITY BEGAN TO DEVELOP A TUITION-FREE ONLINE SCHOOL DURING FISCAL YEAR ENDED JUNE 30, 2015 AND COMPLETED THE DEVELOPMENT DURING THE FISCAL YEAR ENDED JUNE 30, 2016. THE SCHOOL OFFERS A GRADUATE LEVEL EDUCATIONAL PROGRAM LEADING TO A MASTER OF SCIENCE IN QUANTITATIVE FINANCE WITH CONCENTRATION IN ALPHA DESIGN. THE PROGRAM IS OPERATIONAL AS OF JANUARY 11, 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Igor Tulchinsky Director, Pres, Chair, Treas | 1 | $0 | |
Jeffrey Blomberg Director, Vice Pres, Secretary | 2 | $0 | |
Daphne Kis CEO | 30 | $360,000 | |
Jon Marom Vice President | 2 | $0 | |
Nicholas Goodbody Chief Data Scientist | 40 | $205,000 | |
Anne Elbert Program Manager | 40 | $92,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jdi | 6/29/23 | $612,371 |
Wrthy | 6/29/23 | $382,500 |
Heidrick & Struggles | 6/29/23 | $170,160 |
Gregory Ciresi | 6/29/23 | $147,500 |
Rekall | 6/29/23 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,687,200 |
| Interest on Savings | $19,837 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,707,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $360,000 |
| Other employee salaries and wages | $591,257 |
| Pension plans, employee benefits | $391,941 |
| Interest | $0 |
| Taxes | $50,493 |
| Depreciation | $6,000 |
| Occupancy | $15,593 |
| Travel, conferences, and meetings | $53,188 |
| Printing and publications | $0 |
| Other expenses | $735,274 |
| Total operating and administrative expenses | $3,712,496 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,712,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,663 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,560 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $80,500 |
| Other assets | $95,500 |
| Total assets | $1,034,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |