2012-12-14T08:25:48-07:00 2012-04-30 990 2011-05-01 986001141 University of Toronto UNIV 4169788503 2nd Floor 215 Huron Street Toronto Ontario CA M5S 1A2 Pierre Piche 4169788503 2012-12-14 2011 2016-02-24 21:20:13Z Pierre Piche 2nd Floor 215 Huron Street Toronto Ontario CA M5S 1A2 2386402000 0 X www.utoronto.ca X 1827 CA The University of Toronto's vision is to be a leader among the world's best public universities in its discovery, preservation and sharing of knowledge through its teaching and research and its commitment to excellence and equity. 47 30 0 0 0 0 1198729000 1217065000 870292000 959711000 199803000 59138000 141450000 150488000 2410274000 2386402000 206544000 220447000 0 0 1459906000 1531416000 0 0 24623000 647468000 686010000 2313918000 2437873000 96356000 -51471000 4640496000 4880159000 2744093000 3035267000 1896403000 1844892000 The University of Toronto's vision is to be a leader among the worlds best public universities in its discovery, preservation and sharing of knowledge through its teaching and research and its commitment to excellence and equality. 0 0 1546715000 150774000 935197000 Credit Courses (Students Enrolled - 80,282) 420913000 69673000 26848000 Sponsored Research and Restricted Funds 148066000 0 153122000 Ancillary Operations 163441000 0 54170000 Other Program Services include maintenance and amortization on equipment and buildings and expenses related to non-credit courses provided by the University 163441000 0 54170000 2279135000 1 0 0 0 0 1 1 1 1 1 1 1 0 0 1 0 1 0 1 1 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 CA HK 0 0 0 0 0 0 0 0 X 47 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Pierre Piche 4169788503 2nd Floor 215 Huron Street Toronto Ontario CA M5S 1A2 BRENT BELZBERG 0 X 0 0 0 JUDITH GOLDRING 0 X 0 0 0 STEVE GUPTA 0 X 0 0 0 ZABEEN HIRJI 0 X 0 0 0 SHIRLEY HOY 0 X 0 0 0 PAULETTE L KENNEDY 0 X 0 0 0 GARY P MOONEY 0 X 0 0 0 RICHARD NUNN 0 X 0 0 0 N JANE PEPINO 0 X 0 0 0 MELINDA ROGERS 0 X 0 0 0 HOWARD 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Brock and Blackwell LLP Scotia Plaza Suite 2100 40 King Street West Toronto Ontario CA M5H 3C2 Legal 2204655 Hicks Morley Hamilton Stewart Storie LLP Box 371 TD Centre 77 King Street West 9th Floor Toronto Ontario CA M5K 1K8 Legal 1138889 Ernst & Young LLP Chartered Accountants PO Box 57104 Postal Station A Toronto Ontario CA M5W 5M5 Audit and Tax Services 780632 Paliare Roland Rosenburg Rothstein LLP 155 Wellington Street West 35th Floor Toronto Ontario CA M5V 3H1 Legal 634915 Grenzebach Glier & Associates Inc 401 North Michigan Avenue Suite 2800 Chicago IL 60611 Consulting Services 464217 51 0 0 0 0 1133518000 83547000 13978795 1217065000 Tuition Fees Credit Courses 611310 686328000 686328000 0 0 Tuition Fees Non Credit Courses 611310 48099000 48099000 0 0 Miscellaneous Student Fees 611310 113008000 113008000 0 0 Residence and Meal Plan Fees 721000 62361000 62361000 0 0 Bookstore Revenues 451211 49915000 49915000 0 0 0 0 0 0 959711000 59138000 59138000 0 0 0 0 0 0 1190000 1190000 0 0 7065000 0 0 0 7065000 0 7065000 7065000 0 0 0 0 0 Educational Support (Department) 611710 85029000 85029000 0 0 Sundry Income 561000 22300000 22300000 0 0 Parking Vending Catering Conferences 812930 20115000 20115000 0 0 14789000 14789000 0 0 142233000 2386402000 1169337000 0 0 903000 903000 0 0 219544000 219544000 0 0 10459000 5855000 4252000 352000 0 0 0 0 1109671000 1028167000 68876000 12628000 294378000 278551000 14201000 1626000 39974000 38341000 1013000 620000 76934000 74598000 1467000 869000 0 0 0 0 5277000 0 5277000 0 362000 0 362000 0 0 0 0 0 0 0 20233000 20233000 0 0 40829000 33162000 7667000 0 6373000 3882000 1005000 1486000 107764000 96524000 5452000 5788000 27471000 23454000 3462000 555000 0 0 0 0 161616000 145209000 15948000 459000 38120000 35504000 2421000 195000 5523000 5282000 212000 29000 34259000 34259000 0 0 14029000 14029000 0 0 136996000 136996000 0 0 2516000 0 2500000 16000 Cost of Sales 84642000 84642000 0 0 2437873000 2279135000 134115000 24623000 0 0 634349000 784608000 0 0 141570000 129846000 0 0 0 0 0 0 8511000 7621000 8416000 15899000 4142937000 2288922000 1769227000 1854015000 1459793000 1480944000 602358000 590954000 0 0 0 0 16272000 16272000 4640496000 4880159000 859387836 916521000 0 0 1356607000 1389524000 0 0 1313164 1496000 0 0 19707000 19114000 0 0 507078000 708612000 2744093000 3035267000 X -83328000 -108437000 440337000 435214000 1539394000 1518115000 1896403000 1844892000 4640496000 4880159000 X -51471000 -40000 X 0 1 1 X 1 1 X 1 0 5113 0 9050 0 354561 0 1 1 X X X 1 865.00 0 0 0 0 0 0 0 0 0 0 X X 0 1 1313000 10583000 10400000 1496000 1 1539394000 29444000 18222000 68947000 0 0 1518113000 1437234000 27083000 140907000 65831000 0 0 1539393000 1286336000 25115000 188181000 62400000 0 0 1437232000 1754754000 76460000 -544878000 0 0 0 1286336000 0.152 0.848 0 0 0 94199000 0 94199000 2247617000 0 819359000 1428258000 0 0 0 0 1274315000 0 995220000 279095000 526806000 0 474343000 52463000 1854015000 264274000 F 213324000 F Real Assets 113356000 F 590954000 0 Series A Senior Unsecured Debenture 158887000 Series B Seniore Unsecured Debenture 199087000 Series C Senior Unsecured Debenture 74686000 Series D Senior Unsecured Debenture 74466000 Series E Senior Unsecured Debenture 201486000 708612000 2386402000 2437873000 -51471000 0 0 0 0 16979000 16979000 -34492000 2403381000 0 0 0 0 0 2403381000 0 -16979000 -16979000 2386402000 2437873000 0 0 0 0 0 2437873000 0 0 0 2437873000 SchD_P02_S00_L09 Schedule D, Part II, Line 9 We recognize revenues and expenses on the financial statements, and we include it as part of the investments. SchD_P03_S00_L01 Schedule D, Part III, Line 1 Fine art and rare book collections are valued by the appraised fair market value determined the day the gift is made. Through our exhibitions, access to the collections and scholarly programs, UTAC plays a key role in education at the University of Toronto. Please see information located at www.utac.utoronto.ca. SchD_P03_S00_L04 Schedule D, Part III, Line 4 Fine art and rare book collections are valued by the appraised fair market value determined the day the gift is made. Through our exhibitions, access to the collections and scholarly programs, UTAC plays a key role in education at the University of Toronto. Please see information located at www.utac.utoronto.ca. SchD_P04_S00_L01b Schedule D, Part IV, Line 1b We hold funds for Fields Institute which is a centre for mathematical research activity on the University of Toronto campus. They are a separate entity, but use our financial systems to manage their daily operations. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b We hold funds for Fields Institute which is a centre for mathematical research activity on the University of Toronto campus. They are a separate entity, but use our financial systems to manage their daily operations. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowments are restricted funds which must be used in accordance with purposes agreed between the University and donors, or determined by Governing Council. Endowments are not available for use in support of general operating activities. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 This amount is the unrealized loss that was deducted directly from the Endowment and not to the Income Statement ($43,118 direct decrease to endowment, $2,479 Endowment Grants, $23,660 Endowment Donations) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b This amount is the unrealized loss that was deducted directly from the Endowment and not to the Income Statement ($43,118 direct decrease to endowment, $2,479 Endowment Grants, $23,660 Endowment Donations) 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Information is available on our website, www.utoronto.ca. SchE_P01_S00_L04 Schedule E, Part I, Line 4 Racial composition data is not maintained. SchE_P01_S00_L06 Schedule E, Part I, Line 6 We receive funding from the federal and provincial governments in Canada. 1 North America (including Canada and Mexico, but not the United States) 1 13807 Program Services Teaching and Research 4351033000 1 13807 4351033000 North America (including Canada and Mexico, but not the United States) Research 68770000 Wire,Cheque,Draft 0 0 Scholarships North America (including Canada and Mexico, but not the United States) 26797 150774000 Cheques & EFTs 0 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 To meet granting agency requirements we have annual financial audits and follow the guidelines provided to the University by each granting agency. Research Services Department within the University has specific guidelines for funding applications and reporting responsibilities in addition to our annual audit. The Capital Accounting department is responsible for tracking and providing reports annually to reporting agencies. Also granting agencies perform audits of Capital project spending. Scholarships issued are completed through an application to the various Faculties within the University by a potential recipient and awarded based on specific criteria for the scholarship. SchF_P01_S00_L03 Schedule F, Part I, Line 3 The activity in Region North America Excluding the United States includes investments of 2,071,898,000. 1 Princeton University 000000000 245000 Research University of California 000000000 257000 Research University of Chicago 000000000 174000 Research University of Minnesota 000000000 48000 Research University of Southern California 000000000 179000 Research 0 5 SchI_P01_S00_L02 Schedule I, Part I, Line 2 We follow the requirements of the research agreements. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ELIZABETH COWPER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLIAM GOUGH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROBERT BAKER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HUGH GUNZ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ELLEN HODNETT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EDWARD IACOBUCCI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LOUISE LEMIEUX CHARLES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANDREA SASS KORTSAK 0 0 0 0 0 0 0 0 0 0 0 0 0 ELIZABETH SMYTH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JANICE STEIN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 STEVEN THORPE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SARITA VERMA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DAVID NAYLOR 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHERYL MISAK 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRANCO VACCARINO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CATHERINE RIGGALL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LOUIS CHARPENTIER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLIAM MORIARTY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROGER MARTIN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CATHERINE ISOBEL WHITESIDE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JUDITH WOLFSON 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CRISTINA AMON 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DAVID PALMER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MERIC GERTLER 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANGELA HILDYARD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MAYO MORAN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 R PAUL YOUNG 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Hargurdeep Saini 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Seamus Ross 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Julia O'Sullivan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Henry Mann 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sioban Nelson 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Edith Hillan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Marilyn Booth 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Brian Corman 0 0 0 0 0 0 0 0 0 0 0 0 0 Scott Mabury 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ira Jacobs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Kent Womack 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Michel Malo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mihnea Moldoveanu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PETER PAULY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GLEN WHYTE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The University's website provides the details regarding the items checked. For travel expenses and class of service visit our web site at: http://www.finance.utoronto.ca/gtfm/travel/policy.htm#airrailtravel; for discretionary spending accounts visit our web site at: http://www.hrandequity.utoronto.ca/faculty-librarians/benefits/Benefits.htm#pera; for housing allowances visit our web site at: http://www.finance.utoronto.ca/services/facstaffloan/policy.htm. X 17 468771 by appraisal X 581577 by appraisal X 6839 by appraisal X 243 6545409 at market X 81 2081070 by appraisal X Equipment 4 169455 by appraisal X Fonds 18 3172367 by appraisal X Music 27 882908 by appraisal X Software 1 70400 by appraisal 0 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 and required schedules are reviewed by the Manager, Operating and Financial Analysis and approved by the Controller and Director of Financial Services. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Our policy is located here: http://www.finance.utoronto.ca/gtfm/fm/accountability.htm. These are annual requirements. Administrative accountability reports have been developed for the president, vice-presidents, chief financial officer, principals, deans, chairs, directors, managers, principal investigators and business officers. The reports must be completed by June 30. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Our proceedures relating to Senior Appointment and Compensation Committee are located here: http://www.governingcouncil.utoronto.ca/Governing_Council/bac/saac_1.htm. This includes the membership of the committee, terms of reference and policy. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents and policies, including our conflict of interest, are located on our website here: www.governingcouncil.utoronto.ca. Our financial statements are located on our website here: www.finance.utoronto.ca/alerts/finreports.htm F990_P11_S00_L05 Form 990, Part XI, Line 5 $40,000 is our unrealized loss on swap contracts for the fiscal year. We completed and filed Form 8868 online through Form 990 Online requesting an automatic extension of the deadline by 3 months from September 15, 2012 to December 15, 2012.