2026-01-27T10:19:08-06:00 2025-03-31 135565207 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 990 2024-04-01 981263645 UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY UNIV 9057218668 2000 SIMCOE STREET NORTH OSHAWA ON CA L1H 7K4 BRAD MACISAAC VP ADMINISTRATION 9057218668 2026-01-26 1 0 KRISTIN ANDERSON P01231300 6179881000 2026-01-22 2024 2025-03-06 01:10:19Z STEVEN MURPHY 2000 SIMCOE STREET NORTH OSHAWA ON CA L1H 7K4 198556853 0 X WWW.ONTARIOTECHU.CA X 2002 CA SEE SCHEDULE O 20 16 2665 285 5782553 0 79597863 82770505 92520422 99645860 4512189 4712968 13901447 10707663 190531921 197836996 12404663 13346691 0 0 106990236 112066409 0 0 0 66629601 66645066 186024500 192058166 4507421 5778830 391160118 380044146 292235609 279571786 98924509 100472360 THE UNIVERSITY IS A MARKET-ORIENTED UNIVERSITY INTEGRATING INQUIRY, DISCOVERY, AND APPLICATION THROUGH EXCELLENCE IN TEACHING, LEARNING, AND VALUE-ADDED RESEARCH. THE UNIVERSITY IS A DEGREE-GRANTING AND RESEARCH ORGANIZATION OFFERING GRADUATE AND UNDERGRADUATE EDUCATION. 0 0 158563676 9590207 102177312 EDUCATION: THE UNIVERSITY WAS INCORPORATED WITHOUT SHARE CAPITAL UNDER THE UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY ACT, WHICH RECEIVED ROYAL ASSENT ON JUNE 27, 2002. ITS PRIMARY MISSION IS TO DEVELOP RESEARCH AND OFFER GRADUATE AND UNDERGRADUATE EDUCATION. THERE ARE 7 FACULTIES SINCE INCEPTION OF THE UNIVERSITY NAMELY FACULTY OF BUSINESS AND INFORMATION TECHNOLOGY, FACULTY OF EDUCATION, FACULTY OF ENERGY SYSTEMS AND NUCLEAR SCIENCE, FACULTY OF ENGINEERING AND APPLIED SCIENCE, FACULTY OF SCIENCE, FACULTY OF HEALTH SCIENCES, AND FACULTY OF SOCIAL SCIENCE AND HUMANITIES. THE TOTAL STUDENT HEADCOUNT IN THE FISCAL YEAR ENDING MARCH 31, 2025 IS 12,451 (OR 11,269 FTE). THE LARGEST FACULTY IS THE FACULTY OF ENGINEERING AND APPLIED SCIENCE. 8609483 3756484 1180084 RESEARCH: TECHNOLOGY-DRIVEN RESEARCH PLAYS A KEY ROLE ON CAMPUS. ONTARIO TECH IS COMMITTED TO RECRUITING RESEARCHERS WHO ARE SMART AND FOCUSED, HELPING TO SOLIDIFY ITS REPUTATION FOR CONDUCTING RESEARCH THAT LEADS TO TRANSFORMATIVE CULTURAL, ECONOMIC, AND SCIENTIFIC CHANGES WORLDWIDE. THIS SPIRIT, COMBINED WITH AN UNWAVERING DEDICATION TO INNOVATION AND SCHOLARSHIP, CONTINUES TO PROPEL THE UNIVERSITY'S RESEARCH AGENDA FORWARD. 3680030 0 1210698 AUTOMOTIVE CENTRE OF EXCELLENCE: THE AUTOMOTIVE CENTRE OF EXCELLENCE (ACE) IS THE FIRST CLIMATIC TESTING AND RESEARCH CENTRE OF ITS KIND IN CANADA. THIS INTEGRATED RESEARCH AND TRAINING FACILITY SPANS FIVE FLOORS WITH DEDICATED SPACE FOR RESEARCH, EDUCATION, AND TRAINING. THIS FACILITY IS FOSTERING AN ENVIRONMENT FOR COLLABORATION BETWEEN INDUSTRY, RESEARCHERS, AND STUDENTS THAT DRIVES INNOVATIVE AUTOMOTIVE RESEARCH AND ENGINEERING. THE UNIVERSITY OFFERS UNIQUE RESEARCH PROGRAMS THAT ARE FINDING NEW SOLUTIONS TO AUTOMOTIVE PROBLEMS AND EDUCATING FUTURE ENGINEERS TO ADVANCE THE FRONTIERS OF RESEARCH AND TRANSFORM THE AUTOMOTIVE INDUSTRY. 170853189 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 0 0 2665 0 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 20 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRAD MACISAAC 9057218668 2000 SIMCOE STREET NORTH OSHAWA ONTARIO CA L1H 7K4 STEVEN MURPHY PRESIDENT & VICE CHANCELLOR 36.00 0.00 X X 273243 0 8331 HANNAH SCOTT GOVERNOR 36.00 0.00 X 140868 0 0 AHMAD BARARI GOVERNOR 36.00 0.00 X 125131 0 0 MATTHEW MACKENZIE GOVERNOR 36.00 0.00 X 92560 0 0 ERIC AGIUS GOVERNOR 1.00 0.00 X 0 0 0 NOLAN BEDERMAN GOVERNOR (AS OF 9/1/24) 1.00 0.00 X 0 0 0 CARLA CARMICHAEL GOVERNOR 1.00 0.00 X 0 0 0 FRANK CARNEVALE GOVERNOR 1.00 0.00 X 0 0 0 LAURA ELLIOTT GOVERNOR 1.00 0.00 X 0 0 0 MITCH FRAZER CHANCELLOR 1.00 0.00 X X 0 0 0 NEERAJ GROTRA GOVERNOR (AS OF 9/1/24) 1.00 0.00 X 0 0 0 DALE MACMILLAN GOVERNOR (UNTIL 8/31/24) 1.00 0.00 X 0 0 0 PETER MARCHUT STUDENT GOVERNOR (AS OF 9/1/24) 1.00 0.00 X 0 0 0 LISA MCBRIDE GOVERNOR 1.00 0.00 X 0 0 0 LAURA MONEY GOVERNOR (AS OF 9/1/24) 1.00 0.00 X 0 0 0 MICHAEL RENCHECK GOVERNOR 1.00 0.00 X 0 0 0 MARIA SAROS GOVERNOR (UNTIL 8/31/24) 1.00 0.00 X 0 0 0 GAURAV SINGH GOVERNOR 1.00 0.00 X 0 0 0 KIM SLADE GOVERNOR 1.00 0.00 X 0 0 0 DWIGHT THOMPSON GOVERNOR 1.00 0.00 X 0 0 0 ROGER THOMPSON GOVERNOR (UNTIL 4/11/24) 1.00 0.00 X 0 0 0 MICHAEL WATTERWOTH GOVERNOR (UNTIL 8/31/24) 1.00 0.00 X 0 0 0 EMILY WHETUNG-MACINNES GOVERNOR 1.00 0.00 X 0 0 0 SUSANNA ZAGAR GOVERNOR (AS OF 9/1/24) 1.00 0.00 X 0 0 0 LYNNE ZUCKER GOVERNOR (UNTIL 8/31/24) 1.00 0.00 X 0 0 0 LORI LIVINGSTON PROVOST/VP, ACADEMIC 36.00 0.00 X 224503 0 10085 BRAD MACISSAC VP, ADMINISTRATION 36.00 0.00 X 193295 0 0 JAMES BARNETT VP, ADVANCEMENT 36.00 0.00 X 191919 0 0 JAMIE BRUNO VP, PEOPLE & TRANSFORM HR 36.00 0.00 X 185079 0 2318 LES JACOBS VP, RESEARCH & INNOVATION 36.00 0.00 X 185079 0 1394 JOSEPH STOKES REGISTRAR, AVP INTERNATIONAL 36.00 0.00 X 173116 0 0 SARA GOTTLIEB GENERAL COUNSEL (THRU 8/15/24) 36.00 0.00 X 99312 0 0 JENNIFER MACINNIS GENERAL COUNSEL (AS OF 8/15/24) 36.00 0.00 X 71158 0 0 TARLOCHAN SIDHU PROFESSOR 36.00 0.00 X 197494 0 6760 PIERRE COTE PROFESSOR 36.00 0.00 X 189169 0 9005 HOSSAM KISHAWY DEAN 36.00 0.00 X 197451 0 0 QUSAY MAHMOUD PROFESSOR 36.00 0.00 X 186566 0 7622 MARIE BLUECHARDT AS OF 1125 INTERIM PROVOST, DEPUTY PROVOST 36.00 0.00 X 190209 0 848 LIQUN CAO FORMER GOVERNOR 36.00 0.00 X 162961 0 0 JEREMY BRADBURY FORMER GOVERNOR 36.00 0.00 X 126943 0 0 FERDINAND JONES FORMER GOVERNOR 36.00 0.00 X 118048 0 0 LANGIS ROY FORMER PROVOST 36.00 0.00 X 168574 0 0 ROBERT BAILEY FORMER PROVOST 36.00 0.00 X 168127 0 0 3660805 0 46363 251 1 1 0 DURHAM COLLEGE 2000 SIMCO STREET NORTH OSHAWA ONTARIO CA L1G 0C5 STUDENT, IT, & FINANCIAL SERVICES 11824570 BEST SERVICE PROS LTD 1029-10 FOUR SEASONS PLACE ETOBICOKE ONTARIO CA M9B 6H7 CLEANING SERVICES 1392744 SUPERIOR BOILER WORKS & WELDING LTD 375 MCNEILLY ROAD STONEY CREEK ONTARIO CA L8E 5H4 CONSTRUCTION SERVICES 958891 MAREK HOSPITALITY INC 2898 SOUTH SHERIDAN WAY OAKVILLE ONTARIO CA L6J 7L5 FOOD SERVICES 608198 KPMG LLP PO BOX 738963 DALLAS TX 753738963 ACCOUNTING SERVICES 507093 76 88409 70424609 12257487 100344 82770505 TUITION 611310 81080668 81080668 STUDENT ANCILLARY FEE 611310 14038183 14038183 COLLABORATIVE NURSING 611310 4337639 4337639 FACULTY-RUN DEV. AREA 611310 189370 189370 99645860 4016984 4016984 2158 0 2158 2158 2158 1392384 696400 695984 695984 695984 2761 88409 23457 -20696 -20696 STUDENT-RELATED FEES 611710 1829463 1829463 8896738 3092771 5782553 21414 10726201 197836996 104568094 5782553 4715844 13346691 13346691 1937264 1937264 404196 404196 92076862 84617782 7459080 6550123 5644269 905854 4745962 4089616 656346 6352002 5473548 878454 990658 498427 492231 548855 4017 544838 2248541 1249786 998755 8403101 7954702 448399 1332385 735665 596720 4813068 4447849 365219 4015450 3903211 112239 9058479 8828460 230019 2620696 2476246 144450 638980 576548 62432 7825030 7042527 782503 16785699 15107129 1678570 451908 126555 325353 SUPPLIES AND OTHER 3189353 2540082 649271 BAD DEBT EXPENSE 1359150 50787 1308363 INT'L RECRUITMENT 1149026 1149026 RESEARCH EXPENSES 582744 582744 631943 407522 224421 192058166 170853189 21204977 0 61017157 52787985 7282421 6369697 7295296 6569350 32886 45733 1928522 1784127 528216471 254260623 286000459 273955848 25582130 36579712 719049 680307 1302198 1271387 391160118 380044146 24442116 29055475 24228726 25466993 109867516 98646379 14353 10608 133682898 126392331 292235609 279571786 X 0 0 0 0 98924509 100472360 98924509 100472360 391160118 380044146 X 5778830 222715 -4453695 X 0 1 X 1 0 X 80601833 87789766 82579471 79597863 82770505 413339438 80601833 87789766 82579471 79597863 82770505 413339438 413339438 1310497 1832592 2853303 4295532 4019142 14311066 1287889 2199237 2334416 3275678 5782553 14879773 43191 -868824 338722 418735 21414 -46762 442483515 461469717 0.93410 0.94390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS SALES OF INVENTORY - 2020 AMOUNT: $ 5,985. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. MISCELANEOUS INCOME - 2020 AMOUNT: $ 37,206. 2021 AMOUNT: $ -868,824. 2022 AMOUNT: $ 338,722. 2023 AMOUNT: $ 418,735. 2024 AMOUNT: $ 21,414. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19960570 836972 1338068 557805 1121087 20456718 19178149 337156 889049 419834 23950 19960570 19958967 494485 677813 390110 1563006 19178149 19290965 348405 677154 573675 -216118 19958967 16597151 544336 601390 534070 -2082158 19290965 1.00000 1 0 10613936 10613936 395636269 159773739 235862530 1924724 893172 1031552 117609429 93226100 24383329 2432113 367612 2064501 273955848 LEASE OBLIGATIONS 18405507 INTEREST RATE SWAP 528356 DEFERRED CAPITAL CONTRIBUTIONS 107458468 126392331 PART V, LINE 4: ONTARIO TECH RECEIVES ENDOWMENT FUNDING FROM DONORS FOR A VARIETY OF PURPOSES INCLUDING STUDENT AWARDS, SCHOLARSHIPS, BURSARIES, AND PROGRAM ENRICHMENT. 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY (UOIT), LIKE ALL UNIVERSITIES IN ONTARIO, IS SUBJECT TO THE HUMAN RIGHTS CODE, A PROVINCIAL LAW THAT EXTENDS THE RIGHT TO EQUAL TREATMENT WITHOUT DISCRIMINATION BECAUSE OF RACE AND 14 OTHER GROUNDS. UOIT IS COMMITTED TO CREATING AN INCLUSIVE AND NON-DISCRIMINATORY EDUCATIONAL ENVIRONMENT AND PUBLISHES ITS RESPECTFUL CAMPUS POLICY ONLINE YEAR-ROUND: HTTPS://USGC.ONTARIOTECHU.CA/POLICY/POLICY-LIBRARY/POLICIES/LEGAL,-COMPLIAN CE-AND-GOVERNANCE/RESPECTFUL-CAMPUS-POLICY.PHP UOIT CONDUCTED NSSE CANADA (NATIONAL SURVEY OF STUDENT ENGAGEMENT) IN JANUARY 2023 IN ORDER TO ENSURE THAT IT IS ENROLLING MEANINGFUL NUMBERS OF RACIAL MINORITY GROUPS. SCHEDULE E, PART I, LINE 4 UOIT DOES NOT COLLECT DATA ON THE RACIAL COMPOSITION OF ITS STUDENT BODY, FACULTY, OR STAFF, AND WOULD BE UNABLE TO DO SO WITHOUT REQUIRING STUDENT APPLICANTS, STUDENTS, FACULTY, OR ADMINISTRATIVE STAFF TO SUBMIT INFORMATION TO THE SCHOOL THAT THE SCHOOL OTHERWISE DOES NOT REQUIRE. SCHEDULE E, PART I, LINE 6 ALL UNIVERSITIES IN ONTARIO RECEIVE FUNDING FROM THE PROVINCIAL GOVERNMENT OF ONTARIO, INCLUDING UOIT. 0 NORTH AMERICA 1 2665 PROGRAM SERVICES EDUCATION 148973468 NORTH AMERICA MAINTAINING OFFICES 21204976 NORTH AMERICA GRANTS TO RECIPIENTS IN REGION 13346691 NORTH AMERICA PROGRAM SERVICES RESEARCH ACTIVITIES 4852998 NORTH AMERICA PROGRAM SERVICES AUTO CENTER OF EXCELLENCE 3680030 NORTH AMERICA INVESTMENTS 35675764 1 2665 0 0 1 2665 227733927 0 227733927 ABORIGINAL PSET ACCESS NORTH AMERICA 9 7120 CASH ON ACCT ENDOWED STUDENTS AWARDS NORTH AMERICA 436 549894 CASH ON ACCT ENTRANCE SCHOLARSHIPS NORTH AMERICA 1728 1805507 CASH ON ACCT EXP STUDENT AWARDS - DONOR NORTH AMERICA 486 781463 CASH ON ACCT EXP STUDENT AWARDS - UNRESTRICTED NORTH AMERICA 85 168068 CASH ON ACCT UG/GRAD RESEARCH AWARDS NORTH AMERICA 515 4507840 CASH ON ACCT ONT FIRST GEN BURSARY NORTH AMERICA 26 32449 CASH ON ACCT STUDENT AID DISBURSEMENTS NORTH AMERICA 37 212040 CASH ON ACCT STUDENT FINANCIAL ASSIST NORTH AMERICA 1599 1319406 CASH ON ACCT STUDENTS WITH DISABILITIES FED NORTH AMERICA 16 8789 CASH ON ACCT STUDENTS WITH DISABILITIES PROV NORTH AMERICA 7 3221 CASH ON ACCT TPFR - STUDENT ACCESS NORTH AMERICA 2816 2653996 CASH ON ACCT TRIAGENCY GRAD SCHOLARSHIP NORTH AMERICA 32 525359 CASH ON ACCT UOIT DEPENDENT SCHOLARSHIPS NORTH AMERICA 127 177495 CASH ON ACCT OTHER UNDER THRESHOLD NORTH AMERICA 10 35959 CASH ON ACCT ENDOWMENT DISTRIBUTIONS NORTH AMERICA 346 558084 CASH ON ACCT 0 0 1 0 0 1 PART I, LINE 2: THE UNIVERSITY ENSURES THAT FINANCIAL AID AWARDS FOLLOW PROVINCIAL, FEDERAL, AND INTERNATIONAL GUIDELINES, REGULATIONS, AND LEGISLATION FOR APPLICABLE GRANTS. DETAILED RECORDS OF DISTRIBUTION OF ONTARIO STUDENT ASSISTANCE PROGRAM, SCHOLARSHIP, AND FINANCIAL AID ARE MAINTAINED IN STUDENT RECORDS. CHANCELLOR'S CHALLENGE 91170 88409 2761 5320 7827 7412 1970 928 91170 88409 2761 5320 7827 7412 1970 928 23457 -20696 X X 0 1 0 0 0 0 0 0 0 STEVEN MURPHY PRESIDENT & VICE CHANCELLOR 265688 0 0 0 7555 0 8331 0 0 0 281574 0 0 0 LORI LIVINGSTON PROVOST/VP, ACADEMIC 224207 0 0 0 296 0 10085 0 0 0 234588 0 0 0 TARLOCHAN SIDHU PROFESSOR 197200 0 0 0 294 0 6760 0 0 0 204254 0 0 0 PIERRE COTE PROFESSOR 188918 0 0 0 251 0 9005 0 0 0 198174 0 0 0 HOSSAM KISHAWY DEAN 197177 0 0 0 274 0 0 0 0 0 197451 0 0 0 QUSAY MAHMOUD PROFESSOR 186301 0 0 0 265 0 7622 0 0 0 194188 0 0 0 BRAD MACISSAC VP, ADMINISTRATION 192999 0 0 0 296 0 0 0 0 0 193295 0 0 0 JAMES BARNETT VP, ADVANCEMENT 191623 0 0 0 296 0 0 0 0 0 191919 0 0 0 MARIE BLUECHARDT AS OF 1125 INTERIM PROVOST, DEPUTY PROVOST 189935 0 0 0 274 0 848 0 0 0 191057 0 0 0 JAMIE BRUNO VP, PEOPLE & TRANSFORM HR 184785 0 0 0 294 0 2318 0 0 0 187397 0 0 0 LES JACOBS VP, RESEARCH & INNOVATION 184785 0 0 0 294 0 1394 0 0 0 186473 0 0 0 JOSEPH STOKES REGISTRAR, AVP INTERNATIONAL 172895 0 0 0 221 0 0 0 0 0 173116 0 0 0 LANGIS ROY FORMER PROVOST 168302 0 0 0 272 0 0 0 0 0 168574 0 0 0 ROBERT BAILEY FORMER PROVOST 167857 0 0 0 270 0 0 0 0 0 168127 0 0 0 LIQUN CAO FORMER GOVERNOR 162695 0 0 0 266 0 0 0 0 0 162961 0 0 0 JEREMY BRADBURY FORMER GOVERNOR 126723 0 0 0 220 0 0 0 0 0 126943 0 0 0 FERDINAND JONES FORMER GOVERNOR 118034 0 0 0 14 0 0 0 0 0 118048 0 0 0 PART I, LINE 4B THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN DURING THE TAX YEAR. THE AMOUNTS OF COMPENSATION DEFERRED UNDER THIS PLAN ARE DISCLOSED BELOW AND INCLUDED IN PART II, COLUMN (C): STEVEN MURPHY $8,331 LORI LIVINGSTON $10,085 TARLOCHAN SIDHU $6,760 PIERRE COTE $9,005 QUSAY MAHMOUD $7,622 MARIE BLUECHARDT $848 JAMIE BRUNO $2,318 LES JACOBS $1,394 X 13 100344 AVERAGE SELLING PRICE 0 0 1 0 PART I, COLUMN (B): SECURITIES PART I, COLUMN (B) - REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 THE UNIVERSITY IS A MARKET-ORIENTED UNIVERSITY INTEGRATING INQUIRY, DISCOVERY, AND APPLICATION THROUGH EXCELLENCE IN TEACHING, LEARNING, AND VALUE-ADDED RESEARCH. FORM 990, PART V, LINE 3B THE UNIVERSITY DOES NOT FILE A FORM 990-T TO REPORT UNRELATED BUSINESS TAXABLE INCOME BECAUSE NONE OF THE UNRELATED BUSINESS TAXABLE INCOME IS EFFECTIVELY CONNECTED WITH THE CONDUCT OF A TRADE OR BUSINESS WITHIN THE UNITED STATES, AND NONE OF THE UNRELATED BUSINESS INCOME IS DERIVED FROM SOURCES WITHIN THE UNITED STATES. FORM 990, PART V, LINE 2A THE UNIVERSITY IS A CANADIAN UNIVERSITY AND THEREFORE DOES NOT FILE FORM W-3. HOWEVER, DURING CALENDAR YEAR 2024, THE UNIVERSITY EMPLOYED 2,665 PEOPLE, AS REPORTED ON FORM 990, PART I, LINE 5. FORM 990, PART V, LINE 7A-F DUE TO AMBIGUITY IN THE FORM 990 INSTRUCTIONS, THE UNIVERSITY IS COMPLETING THIS LINE ITEM FOR CONTRIBUTIONS TO THE UNIVERSITY THAT ARE DEDUCTIBLE UNDER THE UNITED STATES-CANADA INCOME TAX TREATY. FORM 990, PART VI, SECTION B, LINE 11B KPMG PREPARES THE FORM 990 FROM MANAGEMENT INFORMATION. THE RETURN IS THEN PROVIDED TO THE UNIVERSITY FOR FINAL REVIEW AND APPROVAL. A COMPLETE COPY OF THE 990 IS PROVIDED TO MANAGEMENT AND THE VP OF ADMINISTRATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND COMPLIANCE IS ENFORCED. AT THE BEGINNING OF EACH BOARD MEETING, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND ANY ISSUES ARE FURTHER DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD COMMITTEE AGAINST COMPARABLE INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE UNIVERSITY WEBSITE AT HTTPS://SITES.ONTARIOTECHU.CA/FINANCE/PLANNING-REPORTING/FINANCIAL-STATEMENT S/INDEX.PHP THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -5,560,134. NET ASSET ADJUSTMENT - REGENT SQUARE 1,106,439. FORM 990 FOREIGN CURRENCY TRANSLATION METHOD AND RATES ALL DOLLAR AMOUNTS REPORTED ON THE UNIVERSITY'S FORM 990 WERE CONVERTED FROM CANADIAN DOLLARS USING RATES OBTAINED FROM THE ORBITAX INTERNATIONAL TAX RESEARCH AND COMPLIANCE EXPERT. TAX YEAR REVENUE AND EXPENDITURE AMOUNTS WERE CONVERTED USING 0.719181 CAD/USD, WHICH WAS THE MONTHLY AVERAGE RATE FOR PERIOD ENDING MARCH 31, 2025. CALENDAR YEAR REVENUE AND EXPENSE AMOUNTS WERE CONVERTED USING THE MONTHLY AVERAGE RATE FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2024. BALANCE SHEET AMOUNTS WERE CONVERTED USING SPOT RATES OF 0.738682 CAD/USD AND 0.698883 CAD/USD, WHICH REPRESENT THE SPOT RATES AS OF MARCH 31, 2024 AND MARCH 31, 2025, RESPECTIVELY. HISTORICAL SPOT AND AVERAGE RATES WERE USED TO CONVERT THE CURRENT YEAR AND THE FIRST, SECOND, THIRD, AND FOURTH PRIOR YEAR ENDOWMENT FUND ACTIVITY AMOUNTS REPORTED ON SCHEDULED, PART V. THE RATES USED IN THAT CALCULATION WERE AS FOLLOWS: MONTHLY AVERAGE RATES: YEAR ENDING 03/31/2025 0.719181 CAD/USD YEAR ENDING 03/31/2024 0.740172 CAD/USD YEAR ENDING 03/31/2023 0.769736 CAD/USD YEAR ENDING 03/31/2022 0.798445 CAD/USD YEAR ENDING 03/31/2021 0.751249 CAD/USD SPOT RATES: 03/31/2025 - 0.698883 CAD/USD 03/31/2024 - 0.738682 CAD/USD 03/31/2023 - 0.739543 CAD/USD 03/31/2022 - 0.801042 CAD/USD 03/31/2021 - 0.792227 CAD/USD CAMPUS CHILDCARE CENTER 202 SIMCOE STREET NORTH OSHAWA ONTARIO CA L1G4S9 CHILDCARE SERVICES CA 501(C)(3) UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY 1 ONTARIO TECH TALENT INC 2000 SIMCOE STREET NORTH OSHAWA ONTARIO CA L1G0C5 MICROCREDENTIALS CA UOIT C 149055 1.00000 1 REGENT SQUARE PROPERTY CORPORATION 2000 SIMCOE STREET NORTH OSHAWA ONTARIO CA L1G0C5 HOLDING COMPANY CA UOIT C 51063 1.00000 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 SCHEDULE R, PART IV ONTARIO TECH TALENT (OTT) IS A SEPERATE LEGAL ENTITY, WHOLLY OWNED AND CONTROLLED BY UOIT. OTT PROVIDES STUDENTS AND NEW GRADUATES WITH OPPORTUNITIES TO ENHANCE THEIR JOB READINESS SKILLS AND IMPROVE EMPLOYMENT PROSPECTS, AND ALSO HELPS ALUMNI AND COMMUNITY MEMBERS REMAIN CURRENT IN THEIR EVER-CHANGING JOB MARKET BY PROVIDING RESKILLING AND UPSKILLING. SCHEDULE R, PART IV, LINE 2 REGENT SQUARE PROPERTY CORPORATION (RSPC), IS WHOLLY OWNED AND CONTROLLED BY UOIT. REGENT HOLDS THE MORTGAGE FOR THE DONATED BUILDING. SCHEDULE R, PART II CAMPUS CHILDCARE CENTRE (CCC) IS A SEPARATE LEGAL NOT FOR PROFIT ENTITY CONTROLLED 100% BY UOIT. CCC PROVIDES DAYCARE SERVICES TO STUDENTS, STAFF, AND THE LOCAL COMMUNITY. UOIT FUNDS THE DAYCARE WHEN DEFICITS ARE RUN AND CHARGES LOANS TO A DUE FROM CAMPUS CHILDCARE CENTRE ACCOUNT. SCHEDULE R, PART IV UOIT PROVIDED A CREDIT FACILITY TO OTT TO FUND START-UP COSTS. OTT PAYS AN ANNUAL ADMINISTRATION FEE TO UOIT FOR SERVICES PROVIDED. RSPC HOLDS THE MORTGAGE FOR THE DONATED BUILDING. CAMPUS CHILDCARE CENTER OPERATIONS WERE CLOSED FOR THE ENTIRETY OF THE FISCAL YEAR.