2026-03-12T10:58:07-05:00 2025-04-30 KPMG LLP 333 Bay St Suite 4600 Toronto ON CA M5H 2S5 990 2024-05-01 981651870 Toronto Metropolitan University % RAVI HALDAVNEKAR TORO 4169795019 350 Victoria Street Toronto ON CA M5B 2K3 Ravi Haldavnekar Controller 4169795019 2026-03-02 true true Josh Klein P01285445 4167778500 2026-02-22 2024 2025-03-06 01:10:19Z Ravi Haldavnekar 350 Victoria Street Toronto ON CA M5B 2K3 789800721 false X https://www.torontomu.ca/ X University/School 1964 CA See Schedule O for the full description of Toronto Metropolitan University's mission. 29 11 0 270 0 357736483 386941507 343544152 343403096 26600620 25446519 28003730 29347139 755884985 785138261 43704 59133 0 0 465560478 474643886 0 0 5188538 286293304 295656973 751897486 770359992 3987499 14778269 1797237240 1791670010 874084765 903743417 923152475 887926593 X The special mission of Toronto Metropolitan University is the advancement of applied knowledge and research to address societal needs, and the provision of programs of study that provides a balance between theory and application that prepares students for careers in professional and quasi-professional fields. As a leading centre for applied education, it is recognized for the excellence of its teaching, the relevance of its curriculum and success of its students in achieving their academic and career objectives, the quality of its scholarships, research and creative activity and its commitment to accessibility lifelong learning and involvement in the broader community. The TMU School of Medicine received preliminary accreditation for its MD program on September 27, 2024. The school will focus on developing innovative, well-rounded physicians who are responsive to societal and community needs. Admissions will begin on October 9 for the 2025 academic year starting in September 2025. false false 727984164 343403096 Toronto Metropolitan University (TMU) is a leading institution of innovation and entrepreneurship that responds to societal needs through high-quality, professional, and career-related bachelor, master's, and doctoral programs, and relevant scholarly, research, and creative activities. In 2024-25, it awarded 8,111 bachelor's degrees, 156 law degrees, 1,121 master's degrees, 91 professional master's diplomas, and 93 doctoral degrees. Overall student enrolment in the 2024-25 academic year was 47,310 (41,558 FTE) and the university achieved over CAD$131.4 million in research funding. 727984164 true false false false false false false true false true true false true true true false true false true true true true false false false false false false true true false false false false false false false false true true false false false true true true false false true 0 0 0 false false true CA false false true true true true false false false false false false X 29 11 false false false false false false false true true false false true true true true true true true true false X RAVI HALDAVNEKAR 4169795019 350 Victoria Street Toronto ON CA M5B 2K3 X Mohamed Lachemi President 36.25 0.0 X 318993 0 0 Teresa Chan Dean, S of Med and VP Med Aff 36.25 0.0 X 272662 0 0 Roberta Iannacito-Provenzano Provost & VP, Acad 36.25 0.0 X 266922 0 0 Krishan Mehta V.P., UA and Alumni Relations 36.25 0.0 X 251674 0 0 Donna Young Dean, Faculty of Law 36.25 0.0 X 250564 0 0 Steven Norman Liss VP., Research and Innovation 36.25 0.0 X 227228 0 0 Saeed Zolfaghari VP-Admin & Operat. 36.25 0.0 X 223870 0 0 Tanya De Mello VP -Equity&Comm Incls 36.25 0.0 X 214542 0 0 Bala Venkatesh Professor 35.0 0.0 X 208748 0 0 Wendy Lawrence Gen Counsl & Sec of BOG 36.25 0.0 X 206290 0 0 Joanne McKee Chief Financial Officer 36.25 0.0 X 202164 0 0 Michael Forbes AVP, University Relations 36.25 0.0 X 170075 0 0 Kimberley McCausland VicePrvst, University Planning 36.25 0.0 X 165032 0 0 Melanie Knight Associate Dean 36.25 0.0 X 164319 0 0 Matthew Baker CoS and Sr. Dir, Gov Relations 36.25 0.0 X 157857 0 0 Marie Crosta Director - Ac Plann & St Affs 36.25 0.0 X 110659 0 0 Joanne Dallaire Elder & Sr Advisor Indig Relat 36.25 0.0 X 81832 0 0 Samir Sinha Research Professional 36.25 0.0 X 71762 0 0 Silvana Babikian Catering Mgr. F.S. Operations 36.25 0.0 X 67520 0 0 Irene Gammel Elected Member of the Board 0.0 0.0 X 0 0 0 Lisa-Marie Williams Elected Member of the Board 0.0 0.0 X 0 0 0 Norie Campbell Elected Member of the Board 0.0 0.0 X 0 0 0 Donette Chin-Loy Chang Elected Member of the Board 0.0 0.0 X 0 0 0 Tony Conte Elected Member of the Board 0.0 0.0 X 0 0 0 Elshahed Ahmed Elected Member of the Board 0.0 0.0 X 0 0 0 Hyacinth Gawne Elected Member of the Board 0.0 0.0 X 0 0 0 Cristobal Leal Elected Member of the Board 0.0 0.0 X 0 0 0 Sobi Ragunathan Elected Member of the Board 0.0 0.0 X 0 0 0 Anju Virmani Elected Member of the Board 0.0 0.0 X 0 0 0 Aasim Ul Haq Khwaja Elected Member of the Board 0.0 0.0 X 0 0 0 3632713 0 0 1019 true true false Habitat Learn Inc 180 JOHN STREET TORONTO ON CA M5T 1X5 Live Note Taking 588344 KPMG LLP STE 4600 BAY ADELAIDE CENTRE 333 B TORONTO ON CA M5H 2S5 Audits and Advisory 354598 Frischkorn Audio-Visual ULC 2365 MATHESON BOULEVARD EAST MISSISSAUGA ON CA L4W 5B3 Event staging 349136 Deloitte LLP 8 ADELAIDE STREET WEST SUITE 200 TORONTO ON CA M5H 0A9 Mgmt. Consult. Ser. 328316 New Majority 720 BATHURST ST TORONTO ON CA M5S 2R4 Voting Polls 272303 5 365688239 21253268 386941507 OPERATING PROGRAM 322273308 322273308 ANCILLARY AND OTHER 21129788 21129788 343403096 25446519 25446519 0 0 0 0 0 0 0 0 0 0 0 0 8988575 4662460 4326115 4326115 AMORTIZATION OF DEFERRED CAPITAL CONTRIBUTIONS 10827543 10827543 MISCELLANEOUS 14193481 14193481 25021024 785138261 398196754 0 59133 59133 0 0 2360774 2360774 0 0 0 431338646 404560122 22551922 4226602 3850272 1657569 2155050 37653 8910514 6568546 2277732 64236 28183680 26242564 1684480 256636 0 2904820 412046 2492774 296516 166345 130171 0 0 584989 584989 26048213 23673083 2375130 0 9223104 9209125 13979 0 0 0 0 0 0 15227443 15227443 0 38178389 38178389 2104947 2102564 2383 OPERATING COSTS 92905423 89625078 2676934 603411 SCHOLARSHIPS 38941125 38941125 SUB GRANTS TO PARTNER INST. 57678729 57678729 REPAIRS AND MAINTENANCE 11563275 11321529 241746 770359992 727984164 37187290 5188538 39795265 40332180 87312706 80230953 0 0 54198818 31643779 0 0 0 0 2048800 9043664 920539 908057 19958856 22877236 1569806843 645003751 917054905 924803092 0 0 0 0 437782167 463511835 0 0 238165184 218319214 1797237240 1791670010 76519151 88207379 0 0 58776731 54534039 0 0 0 0 0 0 0 0 0 0 738788883 761001999 874084765 903743417 X 804596842 765304234 118555633 122622359 923152475 887926593 1797237240 1791670010 X 14778269 -50004151 X false true X true false X X X X X false 120037467 958621 3929200 124925288 114726973 1145953 4164541 120037467 0.00000 1.00000 0.00000 false false 391159630 391159630 618984856 251307351 367677505 35006121 26225106 8781015 413090460 339317201 73773259 111565776 28154093 83411683 924803092 0 EMPL FUTURE BENEFITS - PENSION 218319214 218319214 0 CURRENT PORTION OF LT DEBT 4881075 CURRENT PORTION OF FV OF INTER 1045531 EMPLOYEE FUTURE BENEFITS - OTH 31167683 LT DEBT 327246923 FV OF INTEREST RATE SWAPS 3725564 DEFERRED REVEUE CONTRIBUTIONS 156442579 DEFERRED CAPITAL CONTRIBUTIONS 236492644 761001999 Schedule D, Part V, Line 4 The revenue from endowment fund supports the scholarship and research expenditure at the university. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 Toronto Metropolitan University has a policy that prohibits discrimination based on protected grounds under the Ontario Human Rights code, including race. The University has a Vice President, Equity and Community Inclusion. The Office of the VP ECI oversees a Human Rights Services office that works to promote an equitable and inclusive university community, free from discrimination and harassment based on the protected grounds identified in the Ontario Human Rights Code (including race), this includes administering the University Discrimination and Harassment Prevention policy. In addition, the Office of the VP ECI works with all areas of the university to proactively embed equity, diversity and inclusion in all aspects of the work and educational programming of the university. There is a link to all Equity and Community Inclusion initiatives on the University homepage as part of the main navigation at the top of the page. Faculty of Arts admissions brochures include the statement, "... welcomes applications from prospective students of all nationalities and gender identities, regardless of age, disability, race, religion, or sexual orientation." Schedule E, Part I, Line 4 The Ontario Human Rights Code and University policy on Discrimination & Harassment Prevention prohibit discrimination (including based on race). This includes prohibition of discrimination in providing scholarships and other forms of financial assistance to students. Documentation of scholarships and other financial assistance processes indicate that the process is fair and decisions are made based on established nondiscriminatory criteria. Toronto Metropolitan University has data on the racial identity of students receiving scholarships and other financial assistance. Schedule E, Part I, Line 6a The University receives support from numerous government agencies for operating and research grants. The university complies with all requirements for those grants and maintains good standing. Schedule E, Part I, Line 7 The University complies with legislation governing racial nondiscrimination (and other protected grounds) within the jurisdiction within which it operates, i.e. the Ontario Human Rights Code. The Code covers employment and services (which includes education) and requires that the University operates in a way that does not discriminate based on protected grounds under the Code, including race, but does not require institutions, such as Toronto Metropolitan University, to have specific statements about racial nondiscrimination in all materials. true North America 1 9032 Program Services Academic & Research 764573106 1 9032 1 9032 764573106 764573106 false false false false false false Schedule F, Part I, Line 2 TMU creates unique accounts within the general ledger to segregate grants in order to monitor compliance on spending according to the university's grant documentation and internal control policies. true Bursary 21 59133 FMV N/A X true true X false false false false false false false false false Mohamed Lachemi President 318993 318993 Teresa Chan Dean, S of Med and VP Med Aff 272662 272662 Roberta Iannacito-Provenzano Provost & VP, Acad 266922 266922 Krishan Mehta V.P., UA and Alumni Relations 251674 251674 Donna Young Dean, Faculty of Law 250564 250564 Wendy Lawrence Gen Counsl & Sec of BOG 206290 206290 Steven Norman Liss VP., Research and Innovation 227228 227228 Saeed Zolfaghari VP-Admin & Operat. 223870 223870 Tanya De Mello VP -Equity&Comm Incls 214542 214542 Joanne McKee Chief Financial Officer 202164 202164 Joanne Dallaire Elder & Sr Advisor Indig Relat 81832 81832 Samir Sinha Research Professional 71762 71762 Silvana Babikian Catering Mgr. F.S. Operations 67520 67520 Bala Venkatesh Professor 208748 208748 Marie Crosta Director - Ac Plann & St Affs 110659 110659 Melanie Knight Associate Dean 164319 164319 Matthew Baker CoS and Sr. Dir, Gov Relations 157857 157857 Michael Forbes AVP, University Relations 170075 170075 Kimberley McCausland VicePrvst, University Planning 165032 165032 X 11 441117 Appraised X 5 930106 CCPERB X 205344 Appraised X 49715 Invoice X 40 1203787 Ready Market value 0 false true false Form 990, part I, line 1 Description of the organization's mission: Toronto Metropolitan University is the advancement of applied knowledge and research to address societal need, and the provision of programs of study that provide a balance between theory and application and that prepare students for careers in professional and quasi-professional fields. Form 990, part III, line 4a Toronto Metropolitan University (TMU) is a leading institution of innovation and entrepreneurship that responds to societal need through high-quality, professional, and career-related bachelor, master's, and doctoral programs, and relevant scholarly, research, and creative activities. In 2024-25, it awarded 8,111 bachelor's degrees, 156 law degrees, 1,121 master's degrees, 91 professional master's diplomas, and 93 doctoral degrees. Overall student enrolment in the 2024-25 academic year was 47,310 (41,558 FTE) and the university achieved over CAD$131.4 (USD$94.28) million in research funding. Form 990, part VI, section A, line 6 Did the organization have members or stockholders: No Form 990, part VI, section A, line 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? No Form 990, part VI, section A, line 7b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? N/A Form 990, part VI, section B, line 11b Form 990 is reviewed by the controller before filing, and is available for all members of its governing body upon request. Form 990, part VI, section B, line 15 Executive and CEO compensation is prepared by HR in compliance with Ontario laws and reviewed and approved by the independent audit committee of the board. For directors and senior leaders, compensation is determined by HR in compliance with Ontario laws and the university's salary administration policy and guidelines to ensure transparency and equity. Across the board compensation increases and performance pay is approved by the university's internal budget committee and the executive group with final approval by the president. Form 990, part VI, section C, line 19 TMU has made its governing documents, conflict of interest policy, and financial statements available to the public on its website during the tax year and if necessary upon request. Form 990, part XI, Line 9 Other changes in net assets or fund balances: -$50,004,150. Difference amounts to two items (1) Foreign exchange differences resulting from change in CAD to US rates between the balance sheet dates ($-6,588,919) and (2) items reported under Canadian GAAP ($43,415,231), consisting of: Capitalization of investment income in endowments: $3,810K Endowment Contribution: $962K Employee Future Benefit Re-measurement: $48,188K Form 990, Part VI, Section B, Line 12c All staff are required to declare they have agreed to the Conflict of interest (COI) policy. The responsibility for monitoring enforcing the COI policy resides with managers/senior level in the organization. Steps are taken to investigate COI for the employees, determine whether to approve/prohibit the activity and establish, together with employees and any other appropriate parties, agreements concerning the monitoring and management of conflict of interest situations. In addition to this, the University's internal audit function performs periodic assessments of compliance with the COI Policy as well as procedures to determine whether apparent COIs are appropriately managed as per the directions outlined in the Policy. Form 990 All Information All information on Form 990 for Toronto Metropolitan University's functional currency is in Canadian dollars. All activities and all management are in Canada. For Form 990 reporting purposes, the financial information was converted to U.S. dollars using the following rates: For the year ended April 30, 2025 (CAD TO USD): Income statement items using the yearly average rate: 0.71753 Balance sheet items using the year end rate: 0.72355 For the year ended April 30, 2024 (CAD TO USD): Income statement items using the yearly average rate: 0.74076 Balance sheet items using the year end rate: 0.72885 true true true TMU Futures Inc a 16259 Cash TMU Futures Inc b 508329 Cash TMU Futures Inc m 150437 Cash TMU Futures Inc q 262630 Cash