Trustees of the University of Pennsylvania

Overview

Mission

The trustees of the university of Pennsylvania (the "university") sees itself as having a public service mission. In such regard, the university aims to provide a rich and diverse educational environment for its students; to pioneer research that pushes the boundaries of current human knowledge; and to provide the most current and highest quality patient care through the university health system.

What it reported doing in 2024

Education, research and public charity- see schedule o for additional information

Operating model

Revenue model
Earned-program. 73% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
231352685
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2012
Headquarters
Philadelphia, PA, USA
Phone
2158988967
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 81
  • Accountability: 97
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.2%; rating input score 88
  • Program expense ratio: 89.9%; rating input score 90
  • Fundraising efficiency: $14.03 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.6%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 95%; rating input score 95; 46th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.7%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 3.34; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 88.2% of revenue deployed · 89.9% of spending went to programs
  • Governance: 38 of 40 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $9.9B in reported program spending
  • Leadership: top reported pay $8M · 96 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $256.4M reported
  • Consistency: 50 of 51 current checks pass · 1 finding to review
  • Schedules: 15 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 189 filed money-flow records
  • Related organizations: 215 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

96 people listed

Highest reported compensation

  • JAMESON J LARRY DR (TRUSTEE & PRES.- AS OF 3/13/25): $8,043,343 total reported compensation
  • AMMON PETER (CHIEF INVESTMENT OFFICER): $7,146,396 total reported compensation
  • MAGILL M ELIZABETH (FORMER PRESIDENT): $4,457,767 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.