University Of Manitoba
- Assets
- $2.4b
- Revenue
- $788.2m
- Investments
- $0.0
- Employees
- 9,090
- Location
- Founding
- 05/1969
- Data as of
- 03/2022
- EIN
- 98-6008078
Organization Overview
University Of Manitoba, operating under the name University of Manitoba, is located in null. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 03/2022, University of Manitoba employed 9,090 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University of Manitoba 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 03/2022, University of Manitoba generated $788.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $710.2m during the year ending 03/2022. While expenses have increased by 0.6% 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
ACADEMIC TEACHING AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAMS - THE PRIMARY PURPOSE IS PROVIDING POST-SECONDARY EDUCATION TO THE STUDENT BODY. THESE STUDENTS ARE ENROLLED IN OVER 100 PROGRAMS, MANY OF WHICH LEAD TO MASTERS AND DOCTORAL DEGREES.
RESEARCH - THE UNIVERSITY IS THE ONLY RESEARCH INTENSIVE SCHOOL IN THE PROVINCE. THE UNIVERSITY PARTNERS WITH GOVERNMENT, BUSINESS, AND INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Postl Avp Dean | 50 | $416,476 | |
David Barnard President Emeritus | 50 | $337,347 | |
Michael Benarroch President | Officer | 50 | $331,456 |
Catherine Cook VP Indegenous | Officer | 50 | $322,525 |
John Kearsey VP External | Officer | 50 | $276,661 |
Digvir Jayas VP Research | Officer | 50 | $262,271 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burgundy Asset Mgmt Investment Management | 3/30/22 | $578,025 |
Wellington Management Investment Management | 3/30/22 | $406,591 |
Aristotle Capital Investment Management | 3/30/22 | $410,212 |
Brookfield Asset Mgmt Investment Management | 3/30/22 | $863,584 |
Canada Life Investment Management | 3/30/22 | $797,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $432,902,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,724,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,626,000 |
| Total Program Service Revenue | $236,707,000 |
| Investment income | $33,911,000 |
| 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 | $788,244,000 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,023,914 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,874,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,770,000 |
| Payroll taxes | $7,333,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,031,000 |
| Fees for services: Accounting | $306,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,654,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,155,000 |
| Office expenses | $1,341,000 |
| Information technology | $17,265,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,105,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,884,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,041,000 |
| Insurance | $2,794,000 |
| All other expenses | $114,464,000 |
| Total functional expenses | $710,226,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,240,000 |
| Pledges and grants receivable | $54,595,000 |
| Accounts receivable, net | $21,501,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,045,000 |
| Prepaid expenses and deferred charges | $9,932,000 |
| Net Land, buildings, and equipment | $965,056,000 |
| Investments—publicly traded securities | $950,000,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,384,369,000 |
| Accounts payable and accrued expenses | $85,731,000 |
| Grants payable | $0 |
| Deferred revenue | $298,200,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $255,579,000 |
| Other liabilities | $66,873,000 |
| Total liabilities | $706,383,000 |
| 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 | $777,986,000 |
| Retained earnings, endowment, accumulated income, or other funds | $900,000,000 |
| Total liabilities and net assets/fund balances | $2,384,369,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Manitoba has recieved totaling $260,981.
| Awarding Organization | Amount |
|---|---|
United States Fund For Unicef New York, NY PURPOSE: To support the program of Countdown 2030 which aims to provide rigorous analysis on global, regional and country progress on women's, children's and adolescent's health and support capacity for data analysis and use for their health and nutrition programs | $260,981 |
Endowment Analysis
| Beg. Balance | $637,265,000 |
| Earnings | $61,958,000 |
| Admin Expense | $3,654,000 |
| Net Contributions | $26,102,000 |
| Other Expense | $10,597,000 |
| Grants | $11,640,000 |
| Ending Balance | $699,434,000 |
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 |