Carnegie Mellon University
501(c)(3) Donations tax-deductible
89% goes to programs $5 to raise $100 Strong reserves
Carnegie Mellon University is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 1992, with $2,003,071,984 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
5000 Forbes Ave, Pittsburgh, PA, 15213 EIN 25-0969449 Since 1992
Revenue (FY2023)
$2.0B
▲ 6.4% vs prior year
Expenses (FY2023)
$1.8B
Net assets
$5.9B
Employees
16,494
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $5 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 Carnegie Mellon University: 89% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating40 mo reserves · +11% 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 Carnegie Mellon University: 40 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Carnegie Mellon University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Carnegie Mellon University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Higher education and research.
What they do
Research: carnegie mellon holds a proud vision of itself as a distinctive and different kind of research university where nationally recognized programs from across the leading disciplines, from computing and engineering to fine arts, intersect. it is a decentralized community of scientists and intellectuals, artists and policymakers, business experts and poets. the diverse and decentralized community that characterizes carnegie mellon culture rests on a set of core underpinnings and a strong commitment to real-world problem solving, interdisciplinary collaboration and hard work, combined with joie de vivre. each of these requires connections among engineering, science, policy and management, and the arts. basic research is performed in all 7 colleges and schools and the software engineering institute. carnegie mellon is also the home of numerous research institutes and centers focusing on some of the world's greatest challenges. carnegie mellon's research-intensive environment provides a rich setting for the university's educational offerings and aspirations. the search for new knowledge and a spirit of ongoing critical inquiry are the ideals that permeate its approach to teaching and its expectations for what students will achieve.
Auxiliary services: services to support the instruction and research functions of the university. these services include but are not limited to housing, dining services, parking, bookstore, printing, telecommunications, and other services related to the delivery of education and research.
Contact & location
- Address
- 5000 Forbes Ave, Pittsburgh, PA, 15213
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.3B (FY2013) to $2.0B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.3BNet assets $5.9B
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.2B
Total liabilities
$1.3B
Net assets
$5.9B
Salaries & benefits
$1.0B
58% of expenses
Board members
39
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,003,071,984▲6.4% | $1,776,981,445▲8.3% | $5,864,021,083▲5.6% | $7,165,712,587▲4.7% | 990 |
| 2022 | $1,881,828,034▼4.8% | $1,640,976,103▲8.5% | $5,555,174,306▲5.8% | $6,841,480,872▲5.3% | 990 |
| 2021 | $1,976,389,642▲0.7% | $1,513,112,668▲9.4% | $5,251,604,184▲2.6% | $6,497,771,735▲3.4% | 990 |
| 2020 | $1,962,040,329▲6.0% | $1,383,731,619▼3.8% | $5,117,000,934▲42.5% | $6,284,436,792▲33.0% | 990 |
| 2019 | $1,850,131,561▲12.6% | $1,438,488,964▲3.2% | $3,591,886,159▲5.7% | $4,726,328,922▲7.4% | 990 |
| 2018 | $1,643,363,312▲7.6% | $1,393,872,568▲4.4% | $3,398,056,630▲6.5% | $4,402,305,882▲8.2% | 990 |
| 2017 | $1,526,822,729▼29.9% | $1,335,161,953▼23.4% | $3,190,663,381▲10.3% | $4,067,622,368▲7.6% | 990 |
| 2016 | $2,177,355,410▲52.4% | $1,742,449,577▲44.8% | $2,894,020,922▲23.9% | $3,781,707,782▼3.2% | 990 |
| 2015 | $1,428,661,731▲6.2% | $1,203,565,507▲2.5% | $2,336,069,087▲4.6% | $3,905,199,493▲28.3% | 990 |
| 2014 | $1,345,684,240▲5.7% | $1,174,096,218▲1.9% | $2,232,644,055▲8.1% | $3,042,995,825▲6.8% | 990 |
| 2013 | $1,272,756,554 | $1,152,412,784▲3.1% | $2,064,537,911▲14.5% | $2,849,099,580▲10.1% | 990 |
| 2012 | — | $1,117,777,646▲4.5% | $1,803,611,868▲11.2% | $2,587,518,108▲9.5% | 990 |
| 2011 | — | $1,069,891,061▲6.0% | $1,621,583,908▲2.6% | $2,362,606,939▲3.8% | 990 |
| 2010 | — | $1,009,517,543▲4.9% | $1,580,338,855▲21.3% | $2,276,264,220▲13.1% | 990 |
| 2009 | — | $962,634,060 | $1,302,954,540 | $2,012,199,842 | 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: Farnam Jahanian — $2,502,884 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Farnam Jahanian | President/ex-officio Trustee | 50 | $2,502,884 |
| Charles A Kennedy | Chief Investment Officer | 50 | $1,458,581 |
| Michael Trick | Dean, Qatar Campus | 50 | $945,646 |
| Scott Mory | V.p. For Univ. Adv.(exit 5/24) | 50 | $847,048 |
| James H Garrett | Provost & Cao | 50 | $800,878 |
| Mary Jo Dively | Vp/gen. Coun & Sec. of the Cor | 50 | $795,316 |
| Isabelle Bajeux Besnainou | Prof.& Dean, Tepper Sch.of Bus | 50 | $706,436 |
| Krzysztof Matyjaszewski | Jc Warner Univ. Prof. of Nat. | 50 | $680,197 |
| Paul D Nielsen | Director & Ceo, Sei | 50 | $675,134 |
| David Steier | Prof, Heinz College of Info Sy | 50 | $582,760 |
| Daryl Weinert | V.p. For Operations | 50 | $561,938 |
| Martial Hebert | Prof. & Dean, Sch of Comp Scie | 50 | $553,554 |
| William Sanders | Prof. & Dean, College of Engin | 50 | $548,908 |
| Angela Blanton | V.p. of Finance & Cfo | 50 | $485,263 |
| Theresa Mayer | V.p. For Research | 50 | $475,117 |
| Nicholas Scibetta | Former Officer | 0 | $469,308 |
| Stan Waddell | Vp For Info Tech & Chief Info | 50 | $443,487 |
| Gina Casalegno | Vp For Stud Aff & Dean of Stud | 50 | $420,928 |
| Jonathan Cagan | Former Ke/professor | 50 | $392,842 |
| Laurie Weingart | Ex-officio Trustee/professor | 50 | $391,676 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mascaro Construction Co LP | Construction | $28,486,363 |
| Mosites Construction | Construction | $20,292,304 |
| Pj Dick Inc | Constuction | $17,914,945 |
| Compass Group USA | Dining | $16,692,225 |
| Rycon Construction | Construction | $6,634,714 |
Grants received · $725.1M total
623 grants to Carnegie Mellon University totaling $725.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Dietrich Foundation | Stem, scholarships, science programs, faculty needs | 2024 | $24,307,999 |
| Rockefeller Philanthropy Advisors Inc | Education | 2024 | $1,700,000 |
| Ayco Charitable Foundation | Education | 2024 | $1,498,500 |
| American Online Giving Foundation Inc | General support | 2024 | $1,324,690 |
| Lehigh University | — | 2024 | $1,198,295 |
| The Mastercard Foundation | Youth learning | 2024 | $898,631 |
| Motion Picture Association Inc | Support research | 2024 | $750,000 |
| The Pittsburgh Foundation | Higher education | 2024 | $691,911 |
| National Academy of Sciences | Research grants | 2024 | $686,939 |
| Breakthrough T1d | T1d research | 2024 | $625,000 |
| Electric Power Research Institute Inc | Contribution | 2024 | $400,000 |
| Mayo Clinic | Support research program | 2024 | $351,857 |
| Mayo Clinic Group Return | Support research program | 2024 | $347,964 |
| Noblereach Foundation | To support ofai project | 2024 | $250,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $225,000 |
Grants made · $40.0M in FY2023
190 grants totaling $40.0M in FY2023 — showing the 15 largest. All grants made by Carnegie Mellon University →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pittsburgh | Education/research | $5,516,216 |
| Regents of the University of California At Berkeley | Education/research | $1,553,125 |
| Associated Students of Stanford University | Education/research | $1,400,777 |
| Penn State University | Education/research | $1,330,361 |
| University of Washington | Education/research | $1,295,563 |
| Massachusetts Institute of Technology | Education/research | $1,275,460 |
| The Board of Trustees of the University of Illinois | Education/research | $1,062,554 |
| University of Missouri | Education/research | $997,190 |
| Icahn School of Medicine At Mount Sinai | Education/research | $827,807 |
| President and Fellows of Harvard College | Education/research | $789,169 |
| Ursus Medical Designs LLC | Education/research | $778,000 |
| Johns Hopkins University Applied Physics Laborator | Education/research | $727,904 |
| Cornell University | Education/research | $678,811 |
| Research Foundation For the State University of New York | Education/research | $663,402 |
| University of Wisconsin Madisonthe | Education/research | $628,496 |
Frequently asked questions
- Is Carnegie Mellon University a legitimate nonprofit?
- Yes. Carnegie Mellon University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 25-0969449, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Carnegie Mellon University's EIN?
- Carnegie Mellon University's Employer Identification Number (EIN) is 25-0969449.
- How much revenue does Carnegie Mellon University report?
- Carnegie Mellon University reported $2,003,071,984 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Carnegie Mellon University's spending goes to programs?
- Carnegie Mellon University spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Carnegie Mellon University have?
- CharityIndex grades Carnegie Mellon University A, based on program efficiency and fundraising cost.
- How much does Carnegie Mellon University's highest-paid employee make?
- The highest reported compensation on Carnegie Mellon University's latest Form 990 is $2,502,884, paid to Farnam Jahanian (President/ex-officio Trustee).
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Explore more
Data for Carnegie Mellon University (EIN 25-0969449) 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.