2026-02-13T13:25:40-07:00 2025-03-31 990 2024-04-01 986001254 THE GOVERNORS OF THE UNIVERSITY OF ALBERTA GOVE 7804920878 ESQ 2-007 10230 Jasper Avenue Edmonton Alberta CA T5J 4P6 Colleen Kornik Director, Financial Reporting 7804920878 2026-02-13 1 2024 2025-03-06 01:10:19Z Colleen Kornik ESQ Suite 2-007 10230 Jasper Ave University of Alberta Edmonton Alberta CA T5J 4P6 1743814000 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. 27 20 0 0 43413 0 823852000 840630000 347040000 365353000 181724000 136744000 100103000 165546000 1452719000 1508273000 158639000 172104000 0 0 836670000 848643000 0 0 13443000 452586000 482645000 1447895000 1503392000 4824000 4881000 4690379000 4538653000 2680276000 2547857000 2010103000 1990796000 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 748938000 51707000 527226000 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) 382059000 107310000 41038000 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. 71344000 0 78243000 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. 212671000 13087000 21136000 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). 212671000 13087000 21136000 1415012000 1 0 0 0 0 0 0 0 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 0 0 0 1 1 1 CA IT UC 0 0 0 1 1 0 0 0 0 0 0 0 0 X 27 20 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 Andrew Sharman Former Vice-President Facilities and Operations 40 0 X 452705 0 0 Randall K Morck Professor, AB School of Business 40 X 376880 0 0 Xin-Min Li Professor, Faculty of Medicine and Dentistry 40 0 X 357414 0 0 Edy Lai-Man Wong Associate Dean, International, AB School of Business 40 0 X 350316 0 0 William Francis Flanagan President and Vice-Chancellor 40 0 X 334513 0 0 Karim Jamal Professor and Chair, Accounting and Business Analytics, AB School of Business 40 0 X 326337 0 0 Verna Yiu Provost & VP (Academic) 40 0 X 316991 0 0 Richard T Gilchrist Vice President University Services, Operations & Finance 40 0 X 312919 0 0 Marek Michalak Professor, Faculty of Medicine & Dentistry 40 0 X 297194 0 0 Michael Shane Maier Associate Dean MBA, AB School of Business 40 0 X 290759 0 0 Steven K Dew Former Provost 40 0 X 284911 0 0 Elan Marie MacDonald Vice President External Relations 40 0 X 265442 0 0 Aminah Robinson Vice-President Research and Innovation 40 0 X 259012 0 0 Brenda Hemmelgarn Dean of College of Health Sciences 40 0 X 258796 0 0 Matina Kalcounis-Rueppell Dean of College of Natural and Applied Sciences 40 0 X 258753 0 0 Paul William Major Professor and ACFD Project Lead, Faculty of Medicine and Dentistry 40 0 X 250291 0 0 A M James Shapiro Professor, Faculty of Medicine & Dentistry 40 0 X 244922 0 0 Kelly Dawn Spencer Former Interim Vice-President Advancement 40 0 X 215668 0 0 David Howard Turpin Former President 40 0 X 201349 0 0 Dennis Y Kunimoto Former Dean. Faculty of Medicine and Dentistry 40 0 X 158406 0 0 Lorne Babiuk Former Vice-President Research 40 0 X 4133 0 0 5817711 0 0 1671 1 1 0 Delnor Construction Ltd 3609 74 Ave NW Edmonton AB CA T6B 2T7 Construction 19572000 Clark Builders Member of the Clark Builders Group Edmonton AB CA T6H 5P9 Construction 17753000 Bee-Clean Building Maintenance 4505 101 Street NW Edmonton AB CA T6E 5C6 Janitorial 9447000 Bird Construction Group Ltd 201 2627 Ellwood Drive SW Edmonton AB CA T6X 0P7 Construction 9028000 Carlson Construction Ltd 100 16011 116 Avenue NW Edmonton AB CA T5M 3Y1 Construction 7732000 341 0 0 0 531494000 187285000 121851000 147000 840630000 Credit course tuition and fees 611310 365353000 365353000 0 0 0 0 0 0 365353000 55780000 55736587 43413 0 0 0 0 0 980000 980000 0 0 0 0 0 0 0 0 0 0 0 0 316371000 134000 235374000 167000 80997000 -33000 80964000 80964000 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 164566000 164566000 0 0 0 0 0 0 164566000 1508273000 667599587 43413 0 X 3594000 3594000 0 0 168510000 168510000 0 0 2557000 590000 1967000 0 0 0 0 0 706452000 665365000 33550000 7537000 65171000 59584000 4567000 1020000 36277000 28443000 5929000 1905000 38186000 35656000 2398000 132000 6525000 4470000 2055000 0 1855000 1855000 0 0 0 0 0 0 0 0 0 0 0 0 15506000 0 15506000 0 34395000 34395000 0 0 5167000 5167000 0 0 10944000 9722000 1222000 0 42084000 42084000 0 0 1024000 1024000 0 0 62782000 62782000 0 0 23718000 23402000 316000 0 0 0 0 0 9729000 9729000 0 0 7878000 6955000 923000 0 0 0 0 0 122660000 122660000 0 0 5223000 35000 5188000 0 Repairs and maintenance 51930000 51930000 0 0 General supplies and services 39061000 34896000 1316000 2849000 Cost of Goods Sold 10231000 10231000 0 0 Materials, Supplies and Services 31933000 31933000 0 0 0 0 0 0 1503392000 1415012000 74937000 13443000 29614000 46883000 233198000 204611000 0 0 127530000 145092000 0 0 0 0 0 0 1384000 1591000 11126000 10259000 4515796000 2586675000 2052791000 1929121000 1342976000 1247803000 473529000 477743000 419650000 475900000 0 0 -1419000 -350000 4690379000 4538653000 427618000 400239000 0 0 1990892000 1913547000 0 0 0 0 0 0 261766000 234071000 0 0 0 2680276000 2547857000 X 670580000 660149000 1339523000 1330647000 2010103000 1990796000 4690379000 4538653000 X 4881000 31976000 0 0 0 -56164000 X 0 1 X 1 0 X 1262566000 19020000 109647000 44511000 0 16076000 1330646000 1275317000 16767000 108603000 45614000 0 15549000 1339524000 1220309000 19809000 104806000 44339000 0 14554000 1286031000 1278869000 14758000 150506000 97088000 0 14740000 1332305000 1045510000 15763000 277328000 41773000 0 15755000 1281073000 0 1 0 1 0 43823000 0 43823000 2942997000 0 1360071000 1582926000 0 0 0 0 1133317000 0 905162000 228155000 395659000 0 321442000 74217000 1929121000 0 0 Hedge funds 312382000 F Private credit 165361000 F 477743000 Private equity 373171000 F Private Real Estate 102729000 F 475900000 1508273000 0 0 0 0 0 1508273000 0 0 0 1508273000 1503392000 0 0 0 0 0 1503392000 0 0 0 1503392000 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 Andrew Sharman Former Vice-President Facilities and Operations 5492 0 0 0 447213 0 -755 0 234 0 452184 0 0 0 Randall K Morck Professor, AB School of Business 367176 0 0 0 9704 0 5494 0 6124 0 388498 0 0 0 Xin-Min Li Professor, Faculty of Medicine and Dentistry 241472 0 0 0 115942 0 27528 0 8057 0 392999 0 0 0 Edy Lai-Man Wong Associate Dean, International, AB School of Business 226737 0 0 0 123579 0 2310 0 6029 0 358655 0 0 0 William Francis Flanagan President and Vice-Chancellor 330200 0 0 0 4313 0 130231 0 9000 0 473744 0 0 0 Karim Jamal Professor and Chair, Accounting and Business Analytics, AB School of Business 250144 0 0 0 76193 0 28271 0 8101 0 362709 0 0 0 Verna Yiu Provost & VP (Academic) 222042 0 0 0 94949 0 62321 0 8565 0 387877 0 0 0 Richard T Gilchrist Vice President University Services, Operations & Finance 308606 0 0 0 4313 0 118307 0 8784 0 440010 0 0 0 Marek Michalak Professor, Faculty of Medicine & Dentistry 210938 0 0 0 86256 0 2310 0 6022 0 305526 0 0 0 Michael Shane Maier Associate Dean MBA, AB School of Business 74021 0 0 0 216738 0 26023 0 7435 0 324217 0 0 0 Steven K Dew Former Provost 284911 0 0 0 0 0 28853 0 8296 0 322060 0 0 0 Elan Marie MacDonald Vice President External Relations 261129 0 0 0 4313 0 73531 0 8529 0 347502 0 0 0 Aminah Robinson Vice-President Research and Innovation 254699 0 0 0 4313 0 51122 0 8101 0 318235 0 0 0 Brenda Hemmelgarn Dean of College of Health Sciences 172972 0 0 0 85824 0 28341 0 8121 0 295258 0 0 0 Matina Kalcounis-Rueppell Dean of College of Natural and Applied Sciences 181841 0 0 0 76912 0 27764 0 8105 0 294622 0 0 0 Paul William Major Professor and ACFD Project Lead, Faculty of Medicine and Dentistry 186857 0 0 0 63434 0 5345 0 5953 0 261589 0 0 0 A M James Shapiro Professor, Faculty of Medicine & Dentistry 170167 0 0 0 74755 0 26621 0 7419 0 278962 0 0 0 Kelly Dawn Spencer Former Interim Vice-President Advancement 210522 0 0 0 5146 0 26708 0 7749 0 250125 0 0 0 David Howard Turpin Former President 74011 0 0 0 127338 0 39700 0 4978 0 246027 0 0 0 Dennis Y Kunimoto Former Dean. Faculty of Medicine and Dentistry 154075 0 0 0 4331 0 1538 0 5943 0 165887 0 0 0 Lorne Babiuk Former Vice-President Research 0 0 0 0 4133 0 0 0 0 0 4133 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 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 DC SRP was introduced effective July 1, 2014, for all executives commencing employment on or after that date. 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. 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. 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 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 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" X 6 47000 Fair market value X 50000 Fair market value X 3000 Fair market value X 224 10731000 Fair market value X 1 1797000 Fair market value X 6 38000 Fair market value X Equipment 5 10000 Fair market value 0 0 1 0 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 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 IX, Line 1 Form 990, Part IX, Lines 1 and 3 - The University's exempt purpose includes education and research, which are carried out in part through the provision of scholarships and research subgrants awarded in the normal course of its operations. Given the volume and recurring nature of these awards, the organization does not provide an itemized listing of individual payments in Schedules I and F. Such awards are administered in accordance with institutional policies and are recorded in the organization's financial records. All policies and governing documents supporting eligibility, selection, and reporting are available on the University's website (www.ualberta.ca) Form 990, Part IX, Line 3 Form 990, Part IX, Lines 1 and 3 - The University's exempt purpose includes education and research, which are carried out in part through the provision of scholarships and research subgrants awarded in the normal course of its operations. Given the volume and recurring nature of these awards, the organization does not provide an itemized listing of individual payments in Schedules I and F. Such awards are administered in accordance with institutional policies and are recorded in the organization's financial records. All policies and governing documents supporting eligibility, selection, and reporting are available on the University's website (www.ualberta.ca) Form 990, Part XI, Line 9 Reconciliation Net Assets - Other changes in net assets or fund balances - Other changes in net assets include change of net assets in endowments, investment in capital assets, and foreign exchange gain/loss. Alberta Health Services Seventh Street Plaza 14th Fl North Tower 10030-107 Street NW Edmonton AB CA T5J 3E4 Health system CA NA NA Alberta Provincial Government 0 Technology and Innovation Commerce Place - 13th Floor 10155 102 street NW Edmonton AB CA T5J 4G8 Technology strategy CA NA NA Alberta Provincial Government 0 University of Alberta Properties Trust Inc 565 11150 Jasper Ave Edmonton AB CA T5K 0C7 Property Development CA University of Alberta T 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 8247526 Market value Alberta Health Services k 91238 Market value Technology and Innovation m 64588 Market value University of Alberta Properties Trust Inc m 594000 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.