Carleton University
501(c)(3)
95% goes to programs $3 to raise $100 Strong reserves
Carleton University is a 501(c)(3) organization, registered in 1970, with $560,447,745 in FY2023 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
Ottawa Ontario K1s 5b6, Canada, 00000 EIN 23-7088831 Since 1970
Revenue (FY2023)
$560.4M
▲ 2.9% vs prior year
Expenses (FY2023)
$591.5M
Net assets
$843.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Carleton University: 95% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating17 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carleton University: 17 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Carleton University: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carleton University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Carleton university provides post secondary education
Contact & location
- Address
- Ottawa Ontario K1s 5b6, Canada, 00000
- City
- —
- State
- —
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $509.3M (FY2019) to $560.4M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $561.1MNet assets $843.8M
Operating margin
-5.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$561.1M
Net assets
$843.8M
Salaries & benefits
$376.7M
64% of expenses
Board members
32
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $560,447,745▲2.9% | $591,471,487▲6.0% | $843,825,665▼2.6% | $1,404,961,814▼1.8% | 990 |
| 2022 | $544,453,111▼1.7% | $557,891,061▲2.0% | $866,397,074▼3.5% | $1,430,083,372▼5.4% | 990 |
| 2021 | $553,911,412▲12.8% | $546,704,608▲12.9% | $898,034,543▼8.6% | $1,512,501,069▲7.2% | 990 |
| 2020 | $491,246,640▼3.5% | $484,312,089▲3.3% | $982,135,030▲45.7% | $1,411,228,764▲23.9% | 990 |
| 2019 | $509,318,517 | $469,037,983 | $673,925,666 | $1,138,990,482 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Benoit Antoine Bacon — $291,090 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Benoit Antoine Bacon | President | 35 | $291,090 |
| Thomas Tomberlin | Member of Board of Governors, Interim President | 35 | $231,004 |
| Dana Brown | Dean | 35 | $215,523 |
| Larry Kostiuk | Dean | 35 | $211,354 |
| Isaac Otchere | Professor | 35 | $205,788 |
| Lorraine Dyke | Vp Finance & Admin | 35 | $203,633 |
| Howard Nemiroff | Professor | 35 | $198,700 |
| Halim Yanikomeroglu | Professor | 35 | $196,724 |
| L Rankin | Provost An Vice President (academic) | 35 | $185,628 |
| Rafik Goubran | Vice President Research | 35 | $176,011 |
| Suzanne Blanchard | Vice President Students and Enrolment | 35 | $168,532 |
| Patrice Smith | Member of Board of Governors (dean) | 35 | $153,918 |
| Adrian Chan | Member of Board of Governors (professor) | 35 | $142,240 |
| Laura Newton-miller | Member of Board of Governors | 35 | $118,443 |
| Pamela Wolff | Member of Board of Governors (instructor) | 35 | $111,566 |
| John A Nelson | Board of Governors Member | 35 | $97,064 |
| Nina Anita Karhu | Member of Board of Governors(manager Classroom) | 35 | $78,577 |
| Art Ullet | Member of Board of Governors (locksmith) | 35 | $71,019 |
| Abishek Khoyani | Member of Board of Governors | 1 | — |
| Al Hamdani | Member of Board of Governors | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sullivan M & Son Ltd | Construction | $24,822,875 |
| Aramark | Food Services | $17,067,484 |
| C and W Facilities Services | Maintenance | $7,724,718 |
| Hein | Construction | $3,118,942 |
| Jumec Contruction Inc | Construction | $2,754,046 |
Frequently asked questions
- Is Carleton University a legitimate nonprofit?
- Yes. Carleton University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7088831.
- What is Carleton University's EIN?
- Carleton University's Employer Identification Number (EIN) is 23-7088831.
- How much revenue does Carleton University report?
- Carleton University reported $560,447,745 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Carleton University's spending goes to programs?
- Carleton University spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Carleton University have?
- CharityIndex grades Carleton University A, based on program efficiency and fundraising cost.
- How much does Carleton University's highest-paid employee make?
- The highest reported compensation on Carleton University's latest Form 990 is $291,090, paid to Benoit Antoine Bacon (President).
Explore more
Data for Carleton University (EIN 23-7088831) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.