Toronto Metropolitan University
94% goes to programs $1 to raise $100 Strong reserves
Toronto Metropolitan University is a 501(c)(3) organization, registered in 2023, with $785,138,261 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
Toronto On M5b 2k3, Canada, 00000 EIN 98-1651870 Since 2023
Revenue (FY2024)
$785.1M
▲ 3.9% vs prior year
Education median: $200K
Expenses (FY2024)
$770.4M
Net assets
$887.9M
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 rating94% to programs · $1 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 Toronto Metropolitan University: 94% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +2% 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 Toronto Metropolitan University: 14 mo reserves · +2% margin earns a A 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 Toronto Metropolitan 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 Toronto Metropolitan University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o for the full description of toronto metropolitan university's mission.
Contact & location
- Address
- Toronto On M5b 2k3, Canada, 00000
- City
- —
- State
- —
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $761.9M (FY2022) to $785.1M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $903.7MNet assets $887.9M
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$903.7M
Net assets
$887.9M
Salaries & benefits
$474.6M
62% of expenses
Board members
29
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $785,138,261▲3.9% | $770,359,992▲2.5% | $887,926,593▼3.8% | $1,791,670,010▼0.3% | 990 |
| 2023 | $755,884,985▼0.8% | $751,897,486▼3.0% | $923,152,475▲3.8% | $1,797,237,240▲1.2% | 990 |
| 2022 | $761,899,329 | $775,105,504 | $889,245,456 | $1,775,314,546 | 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 (FY2024)
Highest-paid: Mohamed Lachemi — $318,993 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mohamed Lachemi | President | 36.25 | $318,993 |
| Teresa Chan | Dean, S of Med and Vp Med Aff | 36.25 | $272,662 |
| Roberta Iannacito-provenzano | Provost & Vp, Acad | 36.25 | $266,922 |
| Krishan Mehta | V.p., Ua and Alumni Relations | 36.25 | $251,674 |
| Donna Young | Dean, Faculty of Law | 36.25 | $250,564 |
| Steven Norman Liss | Vp., Research and Innovation | 36.25 | $227,228 |
| Saeed Zolfaghari | Vp-admin & Operat. | 36.25 | $223,870 |
| Tanya De Mello | Vp -equity&comm Incls | 36.25 | $214,542 |
| Bala Venkatesh | Professor | 35 | $208,748 |
| Wendy Lawrence | Gen Counsl & Sec of Bog | 36.25 | $206,290 |
| Joanne Mckee | Chief Financial Officer | 36.25 | $202,164 |
| Michael Forbes | Avp, University Relations | 36.25 | $170,075 |
| Kimberley Mccausland | Viceprvst, University Planning | 36.25 | $165,032 |
| Melanie Knight | Associate Dean | 36.25 | $164,319 |
| Matthew Baker | Cos and Sr. Dir, Gov Relations | 36.25 | $157,857 |
| Marie Crosta | Director - Ac Plann & St Affs | 36.25 | $110,659 |
| Joanne Dallaire | Elder & Sr Advisor Indig Relat | 36.25 | $81,832 |
| Samir Sinha | Research Professional | 36.25 | $71,762 |
| Silvana Babikian | Catering Mgr. F.s. Operations | 36.25 | $67,520 |
| Aasim Ul Haq Khwaja | Elected Member of the Board | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Habitat Learn Inc | Live Note Taking | $588,344 |
| Kpmg LLP | Audits and Advisory | $354,598 |
| Frischkorn Audio-visual Ulc | Event Staging | $349,136 |
| Deloitte LLP | Mgmt. Consult. Ser. | $328,316 |
| New Majority | Voting Polls | $272,303 |
Frequently asked questions
- Is Toronto Metropolitan University a legitimate nonprofit?
- Yes. Toronto Metropolitan University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-1651870.
- What is Toronto Metropolitan University's EIN?
- Toronto Metropolitan University's Employer Identification Number (EIN) is 98-1651870.
- How much revenue does Toronto Metropolitan University report?
- Toronto Metropolitan University reported $785,138,261 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Toronto Metropolitan University's spending goes to programs?
- Toronto Metropolitan University spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Toronto Metropolitan University have?
- CharityIndex grades Toronto Metropolitan University A, based on program efficiency and fundraising cost.
- How much does Toronto Metropolitan University's highest-paid employee make?
- The highest reported compensation on Toronto Metropolitan University's latest Form 990 is $318,993, paid to Mohamed Lachemi (President).
Explore more
Data for Toronto Metropolitan University (EIN 98-1651870) 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.