Governing Council of the University of Toronto
Governing Council of the University of Toronto reported $3.49 billion in revenue and $3.12 billion in expenses for the fiscal year ending April 30, 2025. Of every $100 it spent, $94.75 went to program services, $3.94 to management and general costs and $1.31 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 52.4% of the total. Government grants made up 23.3%. The highest compensation it reported for one person was $507,085 (Professor of Chemistry and Computer Science). 3,620 people received more than $100,000 in reportable compensation. Revenue rose 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending April 30, 2025 · Form 990, Part IX, line 25 · total expenses $3.12BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending April 30, 2025 · Form 990, Part VIII · total revenue $3.49BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 30.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 23.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 52.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $507,085 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.02% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 3,620 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 29.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 32 of 49 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCredit Courses (Total Enrolment 102,431)
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Professor of Chemistry and Computer Science Highest compensated employee, 36.25 hrs/week | $507,085 | $0 | $0 | $507,085 |
| Ex Officio, President, University of Toronto Director/trustee, officer, 36.25 hrs/week | $454,771 | $0 | $0 | $454,771 |
| Professor of Finance Highest compensated employee, 36.25 hrs/week | $397,088 | $0 | $0 | $397,088 |
| Associate Professor of Finance Highest compensated employee, 36.25 hrs/week | $394,656 | $0 | $0 | $394,656 |
| Professor of Strategic Management Highest compensated employee, 36.25 hrs/week | $376,603 | $0 | $0 | $376,603 |
| Professor of Economic Analysis and Policy Highest compensated employee, 36.25 hrs/week | $375,892 | $0 | $0 | $375,892 |
| Professor of Finance Former, 36.25 hrs/week | $370,311 | $0 | $0 | $370,311 |
| Professor of Strategic Management Former, 36.25 hrs/week | $369,438 | $0 | $0 | $369,438 |
3,620 people received more than $100,000 in reportable compensation from Governing Council of the University of Toronto (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b49 · 32 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| EllisDon Corporation Construction | $101,518,000 |
| Pomerleau Inc Construction | $38,198,000 |
| Urbacon Buildings Group Inc Construction | $15,062,000 |
| Canadian Turner Construction Construction | $14,155,000 |
| WCC Construction Canada ULC Construction | $13,133,000 |
Individuals listed as contractors are left out. 653 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Governing Council of the University of Toronto's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Governing Council of the University of Toronto, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Governing Council of the University of Toronto spent in FY2025, $94.75 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of Notre Dame du LacNotre Dame, IN · revenue $3.42B · programs 84.7% · FY2025
- THE CHANCELLOR MASTERS AND SCHOLARS Of the University of CambridgeNew York, NY · revenue $3.50B · programs 86.7% · FY2025
- The Trustees of Princeton UniversityPrinceton, NJ · revenue $3.21B · programs 87.5% · FY2025
- Trustees of Boston UniversityBoston, MA · revenue $3.51B · programs 90.9% · FY2025
- Gothic CorporationDurham, NC · revenue $3.18B · programs 100.0% · FY2025
Questions people ask
How much of Governing Council of the University of Toronto's spending goes to programs?
In the fiscal year ending April 30, 2025, Governing Council of the University of Toronto reported that 94.8% of its $3.12 billion in expenses went to program services, 3.9% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Governing Council of the University of Toronto pay its top executive?
The largest total compensation Governing Council of the University of Toronto reported for one person in the fiscal year ending April 30, 2025 was $507,085, for the role of Professor of Chemistry and Computer Science (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Governing Council of the University of Toronto get its money?
Of $3.49 billion in revenue in the fiscal year ending April 30, 2025, 30.3% came from contributions and grants (including 23.3% from government grants) and 52.4% from program service revenue (Form 990, Part VIII).
Is Governing Council of the University of Toronto a registered charity?
The IRS lists EIN 98-6001141 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending April 30, 2025, object 202640689349301519 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending April 30, 2024, object 202520719349300442 · read the filing
- FY2023: Form 990 for the fiscal year ending April 30, 2023, object 202430749349300428 · read the filing
- FY2022: Form 990 for the fiscal year ending April 30, 2022, object 202310739349301321 · read the filing
- FY2021: Form 990 for the fiscal year ending April 30, 2021, object 202210489349300926 · read the filing
- FY2020: Form 990 for the fiscal year ending April 30, 2020, object 202110679349300526 · read the filing
All filings for EIN 98-6001141: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.