2024-08-15T11:25:19-07:00 2024-03-31 990 2023-04-01 986001254 THE GOVERNORS OF THE UNIVERSITY OF ALBERTA GOVE 7804920878 ESQ 2-006 10230 Jasper Avenue Edmonton Alberta CA T5J 4P6 Colleen Kornik Director, Financial Reporting 7804920878 2024-08-14 1 2023 2024-08-08 14:25:15Z Colleen Kornik Enterprise Square Suite 2-007 10230 Jasper Avenue UofA Edmonton Alberta CA T5J 4P6 1453007000 0 X www.ualberta.ca X University 1908 CA The Governors of The University of Alberta is a corporation that manages and operates the University of Alberta under the Post-secondary Learning Act (Alberta). Under the Post-secondary Learning Act, the university is a comprehensive academic and research institution offering undergraduate and graduate degree programs as well as a full range of continuing education programs and activities. 21 14 14363 0 -126000 0 833105000 823852000 347560000 347040000 167192000 181724000 88116000 100103000 1435973000 1452719000 151825000 158639000 0 0 807975000 836670000 0 0 8225000 449710000 452586000 1409510000 1447895000 26463000 4824000 4622696000 4690379000 2692082000 2680276000 1930614000 2010103000 Within a vibrant and supportive learning environment, the University of Alberta discovers, disseminates and applies new knowledge through teaching and learning, research and creative activity, community involvement and partnerships. The University of Alberta gives a national and international voice to innovation in our province, taking a lead role in placing Canada at the global forefront. 0 0 733560000 47288000 849220000 General Operations - This fund includes the provincial government operating grant, tuition fee revenue, investment income available for general spending and any new revenues generated by faculties and administrative units. Approximately 40,061 students from all Canadian provinces and territories and 156 other countries, participating in: College of Health Sciences (Kinesiology, Sport, + Recreation; Medicine + Dentistry; Nursing; Pharmacy + Pharmaceutical Sciences; School of Public Health; Rehabilitation Medicine); College of Natural + Applied Sciences (Agricultural, Life + Environmental Sciences; Engineering; Science); College of Social Sciences + Humanities (Alberta School of Business; Arts; Education; Law); Faculties (Augustana; Campus Saint-Jean (French); Extension; Graduate Studies + Research; Native Studies) 329326000 68728000 375439000 Sponsored Research - Funded by grants and contracts from external sponsors, donations and endowment investment income available for spending. The University ranks among the top five Canadian universities in annual sponsored research funding, including clinical trials and related research funding. The University is also among the top five Canadian universities in annual total research funding from the three federal government granting councils: the Canadian Institutes of Health Research, the Natural Sciences and Engineering Research Council, and the Social Sciences and Humanities Research Council. 67261000 1000 80836000 Ancillary Services - These University business enterprises provide goods and services to the University community and to individuals, companies and organizations external to the University. These units are expected to operate on either a break-even basis, covering their full operating and capital costs, or on a profit basis which is used to support the University's activities. 197324000 42624000 147225000 Other program services include: special purpose (funded by grants and contracts from external sponsors, donations and endowment investment income available for spending. Expenditures include scholarships and bursaries, and other special projects involving teaching and community service.); capital (funded by provincial, federal and other government grants and donations. Funds are primarily designated for the acquisition of buildings, equipment and furnishings, including major renovations). 197324000 42624000 147225000 1327471000 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 X 0 0 14363 1 1 1 1 CA IT UC 0 0 0 1 1 0 0 0 0 0 0 0 0 X 21 14 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Colleen Kornik 7804920694 ESQ 2-006 10230 Jasper Avenue Edmonton Alberta CA T5J 4P6 Randall K Morck Professor, AB School of Business 40 0 X 450427 0 0 Edy Lai-Man Wong Professor, AB School of Business 40 0 X 418809 0 0 Xin-Min Li Associate Dean, Faculty of Medicine and Dentistry 40 0 X 363844 0 0 Paul William Major Professor and Department Chair, Dentistry 40 0 X 354070 0 0 William Francis Flanagan President and Vice-Chancellor 40 0 X 342979 0 0 Michael Shane Maier Associate Dean MBA, AB School of Business 40 0 X 340518 0 0 Karim Jamal Professor and Chair, Accounting and Business Analytics 40 0 X 331455 0 0 Richard T Gilchrist Vice President University Services & Finance 40 0 X 320099 0 0 Steven K Dew Former Provost 40 0 X 313127 0 0 Donald Hickey Former Vice-President Facilities and Operations 40 0 X 304779 0 0 Andrew Sharman Vice-President Facilities and Operations 40 0 X 303955 0 0 Verna Yiu Provost & VP (Academic) 40 0 X 286013 0 0 Elan Marie MacDonald Vice President External Relations 40 0 X 271424 0 0 Aminah Robinson Vice-President Research and Innovation 40 0 X 261088 0 0 Matina Kalcounis-Rueppell Vice Provost of College of Natural and Applied Sciences 40 0 X 257315 0 0 Brenda Hemmelgarn Vice Provost of College of Health Sciences 40 0 X 254976 0 0 A M James Shapiro Professor, Faculty of Medicine & Dentistry 40 0 X 247082 0 0 Kelly Dawn Spencer Former Interim Vice-President Advancement 40 0 X 218861 0 0 Lorne Babiuk Former Vice-President Research 40 0 X 211563 0 0 Dennis Y Kunimoto Former Dean. Faculty of Medicine and Dentistry 40 0 X 174755 0 0 David Howard Turpin Former President 40 0 X 96939 0 0 Laura Catherine Swindlehurst Former Interim Vice-President University Relations 40 0 X 20835 0 0 6144913 0 0 1695 1 1 0 Aramark Canada Ltd PO Box 950 Station U Toronto Ontario CA M8Z 5Y7 Food Services 7712000 Bee-Clean Building Maintenance 4505 101 Street NW Edmonton Alberta CA T6E 5C6 Janitorial Services 7709000 Canadian Research Knowledge Netword 1309 Carling Avenue Ottawa Ontario CA K1Z 1A2 Research knowledge network 2147000 IBM Canada Ltd PO Box 34030 Vancouver British Columbia CA V6J 4M1 IT Services 2581000 Walter Scott & Partners Limited One Charlotte Square Edinburgh Scotland UK Eh2 4DZ Investment management 2017000 92 X 0 0 0 534669000 171431000 117752000 650000 823852000 Credit course tuition & fees 611310 347040000 347040000 0 0 0 0 0 0 347040000 182811000 182937000 -126000 0 0 0 0 0 983000 983000 0 0 0 0 0 0 0 0 0 0 0 0 0 -799000 0 288000 0 -1087000 -1087000 -1087000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sale of services and products 611310 165131000 165131000 0 0 Endowment Net Assets 611310 -66011000 -66011000 0 0 0 0 0 0 99120000 1452719000 628993000 -126000 0 X 3573000 3573000 0 0 155066000 155066000 0 0 2798000 585000 2213000 0 0 0 0 0 695424000 622845000 72579000 0 64124000 53118000 10029000 977000 37244000 31208000 4237000 1799000 37080000 28155000 8158000 767000 0 0 0 0 22000 22000 0 0 0 0 0 0 0 0 0 0 0 9352000 9352000 0 0 39182000 39182000 0 0 4126000 4126000 0 0 4588000 4180000 408000 0 29722000 26489000 3233000 0 125000 125000 0 0 44085000 44085000 0 0 24035000 22992000 1043000 0 0 0 0 0 0 0 0 0 8220000 8220000 0 0 0 0 0 0 121355000 121355000 0 0 3952000 3952000 0 0 Cost recoveries -153626000 -153626000 0 0 COGS and recovered 86500000 86500000 0 0 Equip rental & maintenance 68497000 68497000 0 0 Materials, Supplies & Services 162451000 147470000 10299000 4682000 0 0 0 0 1447895000 1327471000 112199000 8225000 13085000 29614000 288201000 233198000 0 0 140457000 127530000 0 0 0 0 0 0 1462000 1384000 8648000 11126000 4680349000 2627558000 2043633000 2052791000 1311495000 1342976000 407653000 473529000 409029000 419650000 0 0 -967000 -1419000 4622696000 4690379000 416916000 427618000 0 0 2004369000 1990892000 0 0 0 0 0 0 270797000 261766000 0 0 0 0 2692082000 2680276000 X 644583000 670580000 1286031000 1339523000 1930614000 2010103000 4622696000 4690379000 X 4824000 0 0 0 0 74665000 X 0 1 X 1 1 1 X 365000 0 0 0 X X X X 0 1275317000 16769000 108603000 45614000 0 15549000 1339526000 1220309000 19809000 104806000 44339000 0 14554000 1286031000 1278869000 14758000 150506000 97088000 0 14740000 1332305000 1045510000 15763000 277328000 41773000 0 15755000 1281073000 1019657000 19815000 -115148000 0 0 9841000 914483000 0 1 0 1 0 46494000 0 46494000 3072237000 0 1376966000 1695271000 0 0 0 0 1154157000 0 925383000 228774000 407461000 0 325209000 82252000 2052791000 0 0 Hedge Funds 337822000 F Private Credit 135707000 F 473529000 Private Equity 319036000 F Private real estate 100614000 F 419650000 1452719000 0 0 0 0 0 1452719000 0 0 0 1452719000 1447895000 0 0 0 0 0 1447895000 0 0 0 1447895000 Schedule D, Part III, Line 4 The University of Alberta museums include 30 registered museum collections distributed throughout campus. Each is led by curators and support staff with expertise in the field. Over 10 million objects and specimens used daily in teaching, research and community engagement. Schedule D, Part V, Line 4 The investment earnings from endowment funds are used to advance specified educational purposes of the University. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Human rights at the University of Alberta are shaped by international, national and provincial legislation, which has helped define our Discrimination, Harassment and Duty to Accommodate Policy. Discrimination against individuals or groups, based on any of the protected grounds, is prohibited: -race; colour; ancestry; place of origin; religious beliefs; gender, gender identity and gender expression; physical disability; mental disability; marital status; family status; source of income; sexual orientation; age; political beliefs; or any other groups as amended from time to time. The University of Alberta has an Office of Safe Disclosure & Human Rights which is available to University of Alberta students and staff wishing to report any concerns they have regarding university policies, procedures or ethical standards. Individuals who access the Office can expect issues to be resolved and brought forward. https://www.ualberta.ca/provost/portfolio/office-of-safe-disclosure-human-rights/humanrights-at-the-uofa.html Schedule E, Part I, Line 4 Reports and data sets about the University students. https://www.ualberta.ca/reporting/statistical-reports Schedule E, Part I, Line 6 The University of Alberta receives operating, research, and capital grant funding from the Government of Alberta. It also receives research grant funding from the Federal Government of Canada. X X X 0 1 0 0 0 0 0 0 0 Randall K Morck Professor, AB School of Business 353661 0 0 0 96766 0 6086 0 5933 0 462446 0 0 0 Edy Lai-Man Wong Professor, AB School of Business 225997 0 0 0 192812 0 19294 0 5933 0 444036 0 0 0 Xin-Min Li Associate Dean, Faculty of Medicine and Dentistry 244240 0 0 0 119604 0 27709 0 8174 0 399727 0 0 0 Paul William Major Professor and Department Chair, Dentistry 187974 0 0 0 166096 0 11684 0 5933 0 371687 0 0 0 William Francis Flanagan President and Vice-Chancellor 338530 0 0 0 4449 0 96870 0 9297 0 449146 0 0 0 Michael Shane Maier Associate Dean MBA, AB School of Business 90377 0 0 0 250141 0 25475 0 7426 0 373419 0 0 0 Karim Jamal Professor and Chair, Accounting and Business Analytics 252856 0 0 0 78599 0 28629 0 8249 0 368333 0 0 0 Richard T Gilchrist Vice President University Services & Finance 316391 0 0 0 3708 0 87822 0 9031 0 416952 0 0 0 Steven K Dew Former Provost 313127 0 0 0 0 0 29625 0 8752 0 351504 0 0 0 Donald Hickey Former Vice-President Facilities and Operations 0 0 0 0 304779 0 0 0 0 0 304779 0 0 0 Andrew Sharman Vice-President Facilities and Operations 297281 0 0 0 6674 0 38048 0 8855 0 350858 0 0 0 Verna Yiu Provost & VP (Academic) 284901 0 0 0 1112 0 47935 0 9616 0 343564 0 0 0 Elan Marie MacDonald Vice President External Relations 267716 0 0 0 3708 0 55200 0 8724 0 335348 0 0 0 Aminah Robinson Vice-President Research and Innovation 261088 0 0 0 0 0 47257 0 8251 0 316596 0 0 0 Matina Kalcounis-Rueppell Vice Provost of College of Natural and Applied Sciences 177973 0 0 0 79342 0 27847 0 8232 0 293394 0 0 0 Brenda Hemmelgarn Dean of College of Health Sciences 174747 0 0 0 80229 0 28594 0 8210 0 291780 0 0 0 A M James Shapiro Professor, Faculty of Medicine & Dentistry 169966 0 0 0 77116 0 27070 0 7458 0 281610 0 0 0 Kelly Dawn Spencer Former Interim Vice-President Advancement 165609 0 0 0 53252 0 27002 0 7795 0 253658 0 0 0 Lorne Babiuk Former Vice-President Research 0 0 0 0 211563 0 0 0 0 0 211563 0 0 0 Dennis Y Kunimoto Former Dean. Faculty of Medicine and Dentistry 151887 0 0 0 22868 0 6918 0 5936 0 187609 0 0 0 David Howard Turpin Former President 96939 0 0 0 0 0 46373 0 5910 0 149222 0 0 0 Laura Catherine Swindlehurst Former Interim Vice-President University Relations 0 0 0 0 20835 0 0 0 0 0 20835 0 0 0 Randall K Morck Professor, AB School of Business 353661 0 0 0 96766 0 6086 0 5933 0 462446 0 0 0 Edy Lai-Man Wong Professor, AB School of Business 225997 0 0 0 192812 0 19294 0 5933 0 444036 0 0 0 Xin-Min Li Associate Dean, Faculty of Medicine and Dentistry 244240 0 0 0 119604 0 27709 0 8174 0 399727 0 0 0 Paul William Major Professor and Department Chair, Dentistry 187974 0 0 0 166096 0 11684 0 5933 0 371687 0 0 0 William Francis Flanagan President and Vice-Chancellor 338530 0 0 0 4449 0 96870 0 9297 0 449146 0 0 0 Michael Shane Maier Associate Dean MBA, AB School of Business 90377 0 0 0 250141 0 25475 0 7426 0 373419 0 0 0 Karim Jamal Professor and Chair, Accounting and Business Analytics 252856 0 0 0 78599 0 28629 0 8249 0 368333 0 0 0 Richard T Gilchrist Vice President University Services & Finance 316391 0 0 0 3708 0 87822 0 9031 0 416952 0 0 0 Steven K Dew Former Provost 313127 0 0 0 0 0 29625 0 8752 0 351504 0 0 0 Donald Hickey Former Vice-President Facilities and Operations 0 0 0 0 304779 0 0 0 0 0 304779 0 0 0 Andrew Sharman Vice-President Facilities and Operations 297281 0 0 0 6674 0 38048 0 8855 0 350858 0 0 0 Verna Yiu Provost & VP (Academic) 284901 0 0 0 1112 0 47935 0 9616 0 343564 0 0 0 Elan Marie MacDonald Vice President External Relations 267716 0 0 0 3708 0 55200 0 8724 0 335348 0 0 0 Aminah Robinson Vice-President Research and Innovation 261088 0 0 0 0 0 47257 0 8251 0 316596 0 0 0 Matina Kalcounis-Rueppell Vice Provost of College of Natural and Applied Sciences 177973 0 0 0 79342 0 27847 0 8232 0 293394 0 0 0 Brenda Hemmelgarn Vice Provost of College of Health Sciences 174747 0 0 0 80229 0 28594 0 8210 0 291780 0 0 0 A M James Shapiro Professor, Faculty of Medicine & Dentistry 169966 0 0 0 77116 0 27070 0 7458 0 281610 0 0 0 Kelly Dawn Spencer Former Interim Vice-President Advancement 165609 0 0 0 53252 0 27002 0 7795 0 253658 0 0 0 Lorne Babiuk Former Vice-President Research 0 0 0 0 211563 0 0 0 0 0 211563 0 0 0 Dennis Y Kunimoto Former Dean. Faculty of Medicine and Dentistry 151887 0 0 0 22868 0 6918 0 5936 0 187609 0 0 0 David Howard Turpin Former President 96939 0 0 0 0 0 46373 0 5910 0 149222 0 0 0 Laura Catherine Swindlehurst Former Interim Vice-President University Relations 0 0 0 0 20835 0 0 0 0 0 20835 0 0 0 Schedule J, Part I, Line 3 The current President's contract is the first to be limited by provincial regulation from the outset. There was therefore no need to conduct a compensation survey. Schedule J, Part I, Line 4 Part I Line 4b (supplemental nonqualified retirement plan) - Under the terms of the Defined Benefit Supplementary Retirement plan (DB SRP), the executive may receive supplemental payments. Retirement arrangement costs as detailed below are not cash payments in the period but are period expenses for the rights to future compensation. Costs shown reflect the total estimated cost to provide supplementary retirement benefits. The DB SRP provides future benefits to participants based on years of service and earnings. The cost of these benefits is actuarially determined using the projected benefit method pro-rated on service, a market interest rate, and other assumptions included in the Canadian Institute of Actuaries' lump sum commuted value standard. The DB SRP was closed to new members effective June 30, 2014. Under the terms of the executive Defined Contribution Supplementary Retire Plan (DC SRP), the executive may receive supplemental payments. Retirement arrangement costs as detailed below are not cash payments in the period but are period expenses for the rights to future compensation. Costs shown reflect the total cost to provide supplementary retirement benefits. The DC SRP provides future benefits to participants based on the value of the contributions at the end of their service. The cost of these benefits is calculated based on pensionable salary multiplied by a factor based on age and service. The DC SRP was introduced effective July 1, 2014, for all executives commencing employment on or after that date. X 12 365000 Fair Market Value X 206000 Fair Market Value X 282 7391000 Fair Market Value X 5 10000 Fair Market Value X 1 1000 Fair Market Value X Other (equipment and supplies) 5 69000 Fair Market Value 0 0 1 0 Form 990, Header, Line C University of Alberta (UofA) is a teaching and research university in Canada. As a recipient of donations and grant funding from U.S. sources, the UofA has prepared form 990. As an organization exempt from income tax and an entity where the majority of activity occurs outside of the United States (within Canada), there are some parts of the forms and schedules that were deemed inapplicable. Please see below for the details of the exceptions and clarifications: Amounts are reported in U.S. dollars and was calculated using the year's average conversion rate of 1.000 CAD:0.7580 USD; Balance sheet items are calculated using the buy rate in effect on March 31st- 1.000 CAD:0.7442 USD. Form 990, Part IV, Line 14b The University of Alberta is a school operated and located in Canada. The majority of the funding received are from Canadian sources. The grant/sub-grants are often issued to Canadian agencies and scholarships are often awarded to Canadians. Form 990, Part IV, Line 15 The University of Alberta is a school operated and located in Canada. The majority of the funding received are from Canadian sources. The grant/sub-grants are often issued to Canadian agencies and scholarships are often awarded to Canadians. Form 990, Part IV, Line 16 The University of Alberta is a school operated and located in Canada. The majority of the funding received are from Canadian sources. The grant/sub-grants are often issued to Canadian agencies and scholarships are often awarded to Canadians. Form 990, Part IV, Line 35a The University holds 100% of all shares of University of Alberta Innovation Fund Ltd. and University of Alberta Properties Trust Inc which is included in the University of Alberta financial statements. Form 990, Part V, Line 2a The University of Alberta does not complete Form W-3, Transmittal of Wage and Tax Statements but has interpreted this line to request the number of employees that we report to the Canadian Revenue Agency (W-3 being equivalent to T4). Form 990, Part VI, Section B, Line 11b The form contains information from various sources including the office of Advancement Services, Research Administration Services, Financial Reporting, Financial Statements, etc. The information is collected and assembled by the Senior Financial Accountant and reviewed by the Director, Financial Reporting and AVP Finance, Procurement and Planning. The University does not provide a copy of Form 990 to the governing body as the Board of Governors review and approve the audited University financial statement. Form 990, Part VI, Section B, Line 12c The University is committed to academic freedom and excellence in teaching and research. In pursuit of this mission, the University and members of the University community frequently engage in activities or situations where actual or perceived conflicts will exist, or which raises the potential of actual or perceived conflicts. Rather than allow all conflicts, the University assesses conflict considerations and, when appropriate, permits certain managed conflict. However, conflict is permitted only if it can be managed in a way that: a.) Is compliant with legislation; b.) Considers, protects and serves the interests, integrity and reputation of the University; and, c.) Withstands the test of reasonable and independent scrutiny. Form 990, Part VI, Section B, Line 13 Whistleblower referred to as the Fraud and Irregularity Reporting Response Procedure http://policiesonline.ualberta.ca/PoliciesProcedures/Procedures/Fraud-and-Irregularity-Reporting-and-Response-Procedure.pdf Form 990, Part VI, Section B, Line 14 Document retention policy is UAPPOL Records Retention Requirements Procedure http://policiesonline.ualberta.ca/PoliciesProcedures/Procedures/UAPPOL-Records-Retention-Requirements-Procedure.pdf Form 990, Part VI, Section B, Line 15 The Board Human Resources and Compensation Committee assists the Board of Governors in fulfilling its governance responsibilities by providing strategic oversight, insight, and foresight with respect to University human resources policies, procedures, and trends; collective bargaining and related service contracts; and senior administration selection, review, compensation, and succession planning. Form 990, Part VI, Section C, Line 19 All policies and governing documents are available on the University's website (www.ualberta.ca). Form 990, Part VIII, Line 7d This includes gain loss on capital assets therefore it will not tie with the University's Consolidated Statement of Operations. The annual operating surplus will remain unchanged due to this. Form 990, Part IX, Line 24a - 24d Line 24d Materials, supplies and services has been reduced by the gain loss on capital assets which has been adjusted for in Part VIII Statement of Revenue Section Other Revenue 7d Net gain or (loss). The annual operating surplus will remain unchanged due to this. Form 990, Part XI, Line 9 Other changes in net assets includes change in restricted endowment net assets and change in remeasurement gains and losses (unrealized gains and losses on investments). Alberta Health Services Seventh Street Plaza 14th Floor North Tower 10030 107 Street NW Edmonton Alberta CA T5J 3E4 Health System CA Alberta Provincial Government 0 University of Alberta Properties Trust Inc 600 10050 112 Street Edmonton Alberta CA T6G 2J7 Property Development CA University of Alberta C 100 100 1 1 University of Alberta Innovation Fund Ltd 3100 205-5 Ave SW Calgary Alberta CA T2P 4B9 Investment Advisory Services CA University of Alberta C 100 100 1 1 1 0 0 1 1 0 0 1 0 1 1 1 1 1 1 0 1 0 0 Alberta Health Services m 8222685 Market value Alberta Health Services k 355941 Market value University of Alberta Properties Trust Inc m 344000 Market value University of Alberta Innovation Fund Ltd o 192000 Market value University of Alberta Innovation Fund Ltd m 241000 Market value Schedule R, Part II The University operates under the authority and statutes of the Province of Alberta. Transactions are measured at the exchange amount, which is the amount of the consideration established and agreed to by the related parties. Schedule R, Part IV Part IV (e) - University of Alberta Properties Trust Inc is not taxable in the US, as it is a Canadian resident corporation. However, if it was to register in the US, it would be subchapter C corporation. In prior returns, 51092 Alberta Ltd was listed but in late 2022 it has been shutdown.