University of Waterloo
501(c)(3)
93% goes to programs $4 to raise $100 Strong reserves
University of Waterloo is a 501(c)(3) organization, registered in 1984, with $1,350,975,460 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
Waterloo Ontario N2l 3g1, Canada, 00000 EIN 98-0061413 Since 1984
Revenue (FY2024)
$1.4B
▲ 0.2% vs prior year
Expenses (FY2024)
$1.3B
Net assets
$1.5B
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 rating93% to programs · $4 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 University of Waterloo: 93% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 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 University of Waterloo: 13 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 University of Waterloo: 5 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 University of Waterloo: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The pursuit of learning through scholarship, teaching, and research.
What they do
Other program services (described in schedule o)
Contact & location
- Address
- Waterloo Ontario N2l 3g1, Canada, 00000
- City
- —
- State
- —
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.2B (FY2020) to $1.4B (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3BNet assets $1.5B
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8B
Total liabilities
$1.3B
Net assets
$1.5B
Salaries & benefits
$870.0M
65% of expenses
Board members
31
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,350,975,460▲0.2% | $1,328,602,309▲3.7% | $1,460,236,686▲5.1% | $2,791,683,240▲3.5% | 990 |
| 2023 | $1,348,539,333▲5.4% | $1,281,194,211▲4.5% | $1,389,964,043▲3.5% | $2,697,042,063▲3.1% | 990 |
| 2022 | $1,279,200,000▲7.1% | $1,226,015,000▲7.8% | $1,342,763,980▲24.1% | $2,616,208,768▲4.8% | 990 |
| 2021 | $1,194,885,000▼0.7% | $1,137,076,000▲4.7% | $1,082,224,708▼5.6% | $2,495,535,043▲3.4% | 990 |
| 2020 | $1,203,771,000 | $1,086,250,000 | $1,146,253,171 | $2,413,262,204 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Achim Kempf | Faculty | 35 | — |
| Andre Hladio | Lieutenant Governor In Council | 0.2 | — |
| Asher Scaini | Undergraduate Student | 0.2 | — |
| Aubrey Basdeo | Community-at-large | 0.2 | — |
| Avery Akkerman | Undergraduate Student | 0.2 | — |
| Berry Vrbanovic | City of Kitchener | 0.2 | — |
| Bilal Khan | Community-at-large | 0.2 | — |
| Catherine Dong | Undergraduate Student | 0.2 | — |
| Dan Weber | Lieutenant Governor In Council | 0.2 | — |
| David Porreca | Faculty | 35 | — |
| Dorothy Mccabe | City of Waterloo | 0.2 | — |
| Jagdeep Singh Bachher | Chancellor | 0.2 | — |
| James Skidmore | Faculty | 35 | — |
| Jennisha Wilson | Staff | 35 | — |
| John Saabas | Community-at-large | 0.2 | — |
| Karen Redman | Region of Waterloo | 0.2 | — |
| Kristiina Montero | Faculty | 35 | — |
| Linda Blair | Community-at-large | 0.2 | — |
| Marc Aucoin | Faculty | 35 | — |
| Michael Ashmore | Community-at-large | 0.2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Melloul-blamey Construction Inc | Construction Management | $21,842,341 |
| Harbridge and Cross Limited | Construction Management | $19,305,285 |
| Collaborative Structures Limit | Construction Management | $14,337,976 |
| Hypertec Systems Inc (cad) | It Services and Solutions | $12,027,650 |
| Cdw Canada Corp | It Services and Solutions | $9,194,940 |
Grants received · $7,000 total
1 grant to University of Waterloo totaling $7,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2021 | $7,000 |
Frequently asked questions
- Is University of Waterloo a legitimate nonprofit?
- Yes. University of Waterloo is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-0061413.
- What is University of Waterloo's EIN?
- University of Waterloo's Employer Identification Number (EIN) is 98-0061413.
- How much revenue does University of Waterloo report?
- University of Waterloo reported $1,350,975,460 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of University of Waterloo's spending goes to programs?
- University of Waterloo spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Waterloo have?
- CharityIndex grades University of Waterloo A, based on program efficiency and fundraising cost.
- How much does University of Waterloo's highest-paid employee make?
- The highest reported compensation on University of Waterloo's latest Form 990 is $0, paid to Achim Kempf (Faculty).
Explore more
Data for University of Waterloo (EIN 98-0061413) 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.