University of Ontario Institute of Technology is a 501(c)(3) organization, registered in 2016, with $197,836,996 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
Revenue (FY2024)
$197.8M
▲ 3.8% vs prior year
Education median: $200K
Expenses (FY2024)
$192.1M
Net assets
$100.5M
Employees
2,665
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 University of Ontario Institute of Technology: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
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 University of Ontario Institute of Technology: 6 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
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 University of Ontario Institute of Technology: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 University of Ontario Institute of Technology: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Research: technology-driven research plays a key role on campus. ontario tech is committed to recruiting researchers who are smart and focused, helping to solidify its reputation for conducting research that leads to transformative cultural, economic, and scientific changes worldwide. this spirit, combined with an unwavering dedication to innovation and scholarship, continues to propel the university's research agenda forward.
Automotive centre of excellence: the automotive centre of excellence (ace) is the first climatic testing and research centre of its kind in canada. this integrated research and training facility spans five floors with dedicated space for research, education, and training. this facility is fostering an environment for collaboration between industry, researchers, and students that drives innovative automotive research and engineering. the university offers unique research programs that are finding new solutions to automotive problems and educating future engineers to advance the frontiers of research and transform the automotive industry.
Revenue grew from $153.5M (FY2019) to $197.8M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$380.0M
Total liabilities
$279.6M
Net assets
$100.5M
Salaries & benefits
$112.1M
58% of expenses
Board members
20
16 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $197,836,996▲3.8% | $192,058,166▲3.2% | $100,472,360▲1.6% | $380,044,146▼2.8% | 990 |
| 2023 | $190,531,921▲7.0% | $186,024,500▲5.2% | $98,924,509▲6.2% | $391,160,118▼1.0% | 990 |
| 2022 | $178,021,698▼0.4% | $176,759,308▲4.0% | $93,147,245▼1.1% | $395,010,955▼9.4% | 990 |
| 2021 | $178,725,608▲12.9% | $169,921,825▲14.5% | $94,136,730▲13.7% | $435,986,314▲6.9% | 990 |
| 2020 | $158,240,829▲3.1% | $148,369,821▼2.7% | $82,773,073▲35.6% | $407,918,861▲17.1% | 990 |
| 2019 | $153,481,757 | $152,492,607 | $61,057,247 | $348,323,990 | 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.
Highest-paid: Steven Murphy — $273,243 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Murphy | President & Vice Chancellor | 36 | $273,243 |
| Lori Livingston | Provost/vp, Academic | 36 | $224,503 |
| Tarlochan Sidhu | Professor | 36 | $197,494 |
| Hossam Kishawy | Dean | 36 | $197,451 |
| Brad Macissac | Vp, Administration | 36 | $193,295 |
| James Barnett | Vp, Advancement | 36 | $191,919 |
| Marie Bluechardt As of 1125 | Interim Provost, Deputy Provost | 36 | $190,209 |
| Pierre Cote | Professor | 36 | $189,169 |
| Qusay Mahmoud | Professor | 36 | $186,566 |
| Jamie Bruno | Vp, People & Transform Hr | 36 | $185,079 |
| Les Jacobs | Vp, Research & Innovation | 36 | $185,079 |
| Joseph Stokes | Registrar, Avp International | 36 | $173,116 |
| Langis Roy | Former Provost | 36 | $168,574 |
| Robert Bailey | Former Provost | 36 | $168,127 |
| Liqun Cao | Former Governor | 36 | $162,961 |
| Hannah Scott | Governor | 36 | $140,868 |
| Jeremy Bradbury | Former Governor | 36 | $126,943 |
| Ahmad Barari | Governor | 36 | $125,131 |
| Ferdinand Jones | Former Governor | 36 | $118,048 |
| Sara Gottlieb | General Counsel (thru 8/15/24) | 36 | $99,312 |
| Contractor | Services | Paid |
|---|---|---|
| Durham College | Student, It, & Financial Services | $11,824,570 |
| Best Service Pros Ltd | Cleaning Services | $1,392,744 |
| Superior Boiler Works & Welding Ltd | Construction Services | $958,891 |
| Marek Hospitality Inc | Food Services | $608,198 |
| Kpmg LLP | Accounting Services | $507,093 |
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Data for University of Ontario Institute of Technology (EIN 98-1263645) 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.