2025-09-12T09:40:25-07:00 2025-04-30 990 2024-05-01 237088831 CARLETON UNIVERSITY CARL 6135203602 1125 Colonel By Dr Pigiarvik 603 OTTAWA Ontario CA K1S 5B6 Angela Marcotte Associate VP and CFO 6135203600 2025-09-02 1 2024 2025-03-06 01:10:19Z Angela Marcotte 1125 Colonel By Dr Pigiarvik 603 OTTAWA Ontario CA K1S 5B6, 586364620 0 X www.Carleton.ca X University 1942 CA CARLETON UNIVERSITY PROVIDES POST SECONDARY EDUCATION 33 25 0 100 0 0 154446332 173822368 379071267 368361348 26930146 44180904 0 0 560447745 586364620 41543696 40849741 0 0 376732194 375002848 0 0 4191787 173195597 196748985 591471487 612601574 -31023742 -26236954 1404961814 1398304287 561136149 544839170 843825665 853465117 CARLETON UNIVERSITY PROVIDES POST SECONDARY EDUCATION 0 0 422488046 35936139 191162869 GENERAL OPERATIONS, PLANT FUND, SCHOLARSHIP AND BURSARIES 117611803 4912827 107223876 SPONSORED AND CONTRACT RESEARCH 43925867 775 69974602 ANCILLARY OPERATIONS 0 0 0 584025716 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 1 CA 0 0 1 1 0 0 0 X 33 25 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X ANGELA MARCOTTE 6135203602 1125 COLONEL BY DRIVE OTTAWA ONTARIO CA K1S 5B6 Thomas Tomberlin Member of Board of Governors, Provost Academic 35 X 311100 0 1327 Howard Nemiroff Professor 35 X 235792 0 28570 Isaac Otchere Professor 35 X 245469 0 17521 Larry Kostiuk Dean 35 X 228053 0 30472 L Rankin Provost an Vice president (Academic) 35 X 210473 0 26413 Yuriy Zabolotnyuk Professor 35 X 211377 0 16615 Shaobo Ji Professor 35 X 203036 0 24669 Lorraine Dyke VP Finance & Admin (Former) 35 X 199202 0 20997 Angela Marcotte VP Finance & Admin (Former) 35 X 183033 0 25859 RafiK Goubran Vice President Research 35 X 170814 0 18463 Suzanne Blanchard Vice President Students and Enrolment 35 X 163565 0 24373 Adrian Chan Member of Board of Governors (Professor) 35 X 157558 0 16030 Josh Greenberg Member of Board of Governors (Faculty) 35 X 144723 0 18186 Pamela Wolff Member of Board of Governors (Instructor) 35 X 115527 0 13513 John A Nelson Board of Governors Member (Director Innovation Hub Services) 35 X 110433 0 16860 Laura Newton-Miller Member of Board of Governors (Librarian) 35 X 111522 0 14732 James Simpson Member of board (Finance & Business Administrator) 35 X 78093 0 10995 Beth Creary Member of Board of Governors 1 X 0 0 0 Yaprak Baltacioglu Chancellor 1 X 0 0 0 Patrick Dion Member of Board of Governors 1 X 0 0 0 Gregory Farrell Member of Board of Governors 1 X 0 0 0 Kim Furlong Member of Board of Governors 1 X 0 0 0 Daniel Greenberg Member of Board of Governors 1 X 0 0 0 Susan Mingie Member of Board of Governors 1 X 0 0 0 Brenda O'Connor Member Board of Governors 1 X 0 0 0 Jane Taber Member of Board of Governors 1 X 0 0 0 Ann Tremblay Member of Board of Governors 1 X 0 0 0 Christina Tessier Member Board of Governors 1 X 0 0 0 Linda Grussani Member of Board of Governors 1 X 0 0 0 Al Hamdani Member of Board of Governors 1 X 0 0 0 Babb Howard Member Board of Governors 1 X 0 0 0 Yafet Bizuneh Member of Board of Governors 1 X 0 0 0 Logan Breen Member of Board of Governors 1 X 0 0 0 Jennifer Camelon Member of Board of Governors 1 X 0 0 0 Julie Carr Member of Board of Governors 1 X 0 0 0 Jim Devoe Member of Board of Governors 1 X 0 0 0 Nathalie Laporte Member of Board of Governors, Board Senate Representative 1 X 0 0 0 Mathew Main Member of Board of Governors 1 X 0 0 0 Dudley Maseko Member of Board of Governors 1 X 0 0 0 Georgette Morris Member of Board of Governors 1 X 0 0 0 Janakan Muthukumar Member of Board of Governors 1 X 0 0 0 Melissa Shea Member of Board of Governors 1 X 0 0 0 3079770 0 325595 914 0 1 0 Aramark 37 Rue do Valcout Gatineau Quebec CA J8T 8G9 Food Services 16967969 C and W Facilities Services PO Box 7833 Toronto Ontario CA M5W 2R2 Maintenance 7236101 Bridger Photonics Inc 2310 University Way Building 4-4 Bozeman MT 59715 Energy equipment 3861957 Sullivan M & Son Ltd 100-236 Madawaska Blvd Arnprior Ontario CA K7S 0A3 Construction 22047014 Long View Systems Corporation 2100 250 2 Street W Calgary AB CA TP2 0C1 Networking product 3481099 205 0 0 0 0 132514136 41308232 175466 173822368 Central Tuition Fees 900099 213624217 213624217 0 0 Research Revenue 900099 73777726 73777726 0 0 Other Student Fees 900099 37437519 37437519 0 0 Sales of Goods & Services 900099 16523091 16523091 0 0 26998795 26998795 0 0 368361348 44180904 44180904 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 586364620 412542252 0 0 0 0 0 0 40849741 40849741 2182768 827659 1355109 0 308329598 293622713 10863397 3843488 14133298 13427437 705861 0 50357184 47239892 3117292 0 661368 446749 203201 11418 106451 7941 98510 0 0 0 584018 584018 0 0 12927097 12410709 494802 21586 1776279 1630615 74410 71254 17242721 16523736 643668 75317 712746 698871 948 12927 33140860 31621782 1511351 7727 1518785 1458609 43534 16642 7695823 7553429 142394 0 3578129 1235556 2342573 0 32897749 32897749 0 0 801808 431688 370120 0 Other Operational expenses 49908669 47439064 2363071 106534 Furniture/Equipment/Renovations 27963944 27885220 53830 24894 Library Books 5232538 5232538 0 0 612601574 584025716 24384071 4191787 48269994 65243260 416913000 379791682 31262257 27569248 6929748 6791103 921822831 368285452 541172105 553537379 330691648 31812266 357740921 1031292 2673789 1836409 1404961814 1398304287 134589363 120613135 236065777 237575059 30431009 27370976 160050000 159280000 561136149 544839170 X 241403200 239188225 602422465 614276892 843825665 853465117 1404961814 1398304287 X -26236954 5078617 0 0 0 30797789 X 0 1 1 0 X 143906203 147999205 154653180 154446333 173822369 774827290 143906203 147999205 154653180 154446333 173822369 774827290 774827290 16866295 38572124 26102176 26976513 43894060 152411168 927238458 0.83563 0.8398 X 0 18062786 0 0 X X X 0 267439013 5766670 31022512 11254570 0 3806760 289166865 272901335 -3263359 12667805 11127967 0 3738801 267439013 268133939 12781974 6425668 10837195 0 3603051 272901335 282857703 11004920 -11028262 10869709 0 3830713 268133939 212374534 4658000 78974942 9686494 0 3463279 282857703 0.03 0.97 0 0 0 67549200 0 67549200 744594908 0 316726059 427868849 0 0 0 0 80834321 0 44808316 36026005 28844402 0 6751077 22093325 553537379 590859220 5078617 0 0 0 5078617 585780603 584017 0 584017 586364620 612017557 0 0 0 0 0 612017557 584017 0 584017 612601574 Schedule D, Part III, Line 4 The University has an art collection comprised of approximately 30,000 works of art. Schedule D, Part V, Line 4 Contributions restricted for endowment consist of monies received primarily as benefactions, which either the donor or the Board of Governors has designated as endowment. The annual income earned from funds designated as endowment by the donor may be expended only for the purpose designated. Schedule D, Part XI, Line 4a Item represents investment management fees which are presented net of revenue for financial statement purposes. Schedule D, Part XII, Line 4a Investment management fees which are netted against investment income for financial statement purposes and included in expenses for tax purposes. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Carleton University has a department of equity and inclusive communities to administer this. Carleton University embodies inclusiveness in all aspects of its offerings. Equity is of prime importance and value to the university. Schedule E, Part I, Line 6 Universities in the province of Ontario receive funding from the Ministry of Colleges and Universities. In addition various government agencies provide funding for research projects. 1 North America (including Canada and Mexico, but not the United States) 1 4727 Program Services University Operations 612601574 1 4727 612601574 Undergrad Scholarship North America (including Canada and Mexico, but not the United States) 8036 20090684 Credit to account 0 Graduate Scholarship North America (including Canada and Mexico, but not the United States) 2816 18022438 Credit to accont 0 Undergrad Bursary North America (including Canada and Mexico, but not the United States) 385 385219 Credit to account 0 Graduate Bursary North America (including Canada and Mexico, but not the United States) 2351 2351397 Credit to account 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 Carleton University operates entirely within Canada and all grants are made in Canada. Grants and assistance are paid to students. All records of grants are maintained by the university by the Student Award Office. Schedule F, Part I, Line 3 Accrual method of accounting Schedule F, Part III - Column C: Number of recipients is estimated based on the average bursary and scholarship values per year. 0 0 0 0 0 0 0 0 0 Isaac Otchere Professor 245469 0 0 0 0 0 14407 0 3113 0 262989 0 0 0 Howard Nemiroff Professor 235792 0 0 0 0 0 16802 0 11768 0 264362 0 0 0 Larry Kostiuk Dean 228054 0 0 0 0 0 17688 0 12784 0 258526 0 0 0 Yuriy Zabolotnyuk Professor 211377 0 0 0 0 0 13502 0 3113 0 227992 0 0 0 Shaobo Ji Professor 203036 0 0 0 0 0 14509 0 10160 0 227705 0 0 0 Thomas Tomberlin Member of Board of Governors, Provost Academic 311100 0 0 0 0 0 0 0 1327 0 312427 0 0 0 L Rankin Provost an Vice president (Academic) 210473 0 0 0 0 0 17640 0 8773 0 236886 0 0 0 RafiK Goubran Vice President Research 170813 0 0 0 0 0 14100 0 4363 0 189276 0 0 0 Suzanne Blanchard Vice President Students and Enrolment 163566 0 0 0 0 0 13453 0 10919 0 187938 0 0 0 Adrian Chan Member of Board of Governors (Professor) 157558 0 0 0 0 0 12917 0 3113 0 173588 0 0 0 Lorraine Dyke VP Finance & Admin (Former) 199202 0 0 0 0 0 16634 0 4363 0 220199 0 0 0 Angela Marcotte VP Finance & Admin (Former) 182033 0 0 0 0 0 15102 0 10757 0 207892 0 0 0 Josh Greenberg Member of Board of Governors (Faculty) 144723 0 0 0 0 0 11771 0 6415 0 162909 0 0 0 X 9 175466 Market 0 0 0 0 Form 990, Part VI, Section A, Line 7a The Board of Governors election process is segregated by categories. Students, Admin Staff and Academic Faculty Staff are able to elect a certain number of members. Please refer to www.carleton.ca/secretariat/boardofgovernors for more details. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the Tax and Compliance Analyst ,reviewed by the Assistant Director Financial Accounting and Reporting and reviewed and signed by the Associate Vice President (Financial Services) and Chief Financial Officer Form 990, Part VI, Section B, Line 12c The University ensures compliance with the conflict of interest policy by having board members sign a code of conduct on a yearly basis. Form 990, Part VI, Section B, Line 15 Compensation for both the President and Vice-President is established in the first instance with the assistance of a consultant contracted by the university. The consultant is ordinarily an executive search firm. The firm makes a recommendation on appropriate compensation to the university based on market analysis (with the Ontario post secondary market being the most persuasive) and the qualifications of the successful candidate. During the tenure of the President and the Vice President annual adjustments to compensation are made by reference to market conditions and other relevant factors (i.e. Performance) but without the assistance of an independent person. Form 990, Part VI, Section C, Line 19 Financial Statements and all other governance documents can be found on the university website www.carleton.ca Form 990, Part XI, Line 9 Other changes in net assets $30,797,789.00 is due to: employee benefit re-measurement of $13,648,501.00, net endowment income/distribution $21,088,179.00, Art collection contribution $1,435.00 and foreign exchange rate difference of (-$3,940,326.00) arising from using the average exchange rate for the fiscal year for the statement of revenue and expenses and foreign exchange rate at April 30, 2025 for the statement of financial position CARLETON UNIVERSITY FOUNDATION 1125 COLONEL BY DRIVE OTTAWA ONTARIO CA K1S5B6 521970455 FUNDRAISING DC 501 (C) (3) SUPPORT ORG CARLETON UNIVERSITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CARLETON UNIVERSITY FOUNDATION c 5000 Financial Statements CARLETON UNIVERSITY FOUNDATION o 649199 Form 990 Part VII