The University of Queensland

Nonprofit profile at a glance

EIN
980127096
IRS 990 coverage
2020–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023
Location
Australia, Queensland, AS
Phone
+61 7 3365 6000
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,474,882,957
Expenses
$1,561,498,792
Assets
$5,332,427,000
Liabilities
$1,317,638,000

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

38 people listed

Highest reported compensation

  • Professor Deborah Terry AO (Vice Chancellor): $723,832 total reported compensation
  • Professor Aidan Byrne (Provost): $521,377 total reported compensation
  • Mr Andrew Flannery (Chief Operating Officer): $514,069 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Innovative teaching and comprehensive student services support students to thrive academically and personally. Discover learning and teaching World-class research. Governance is the scaffolding that supports our success. It moves us forward, holds us accountable and ensures truth, transparency and integrity. Governance also provides the mechanism for how we engage with our community and embed change into our DNA. Through this governance framework, we are committed to fostering a culture of inclusivity, equity and excellence for Aboriginal and Torres Strait Islander peoples, building a stronger, more reconciled future for all. The UQ Stretch Reconciliation Action Plan governance actions align with Toward 2032: UQ Strategic Plan 2022-2025 through the Strategic Plan’s focus on being recognised by Reconciliation Australia as an Elevate RAP Organisation.

What it reported doing in 2023

Education, sponsored research & projects and other institutional activities.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 75
  • Accountability: 42
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 9.1%; rating input score 9; 8th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 3.41; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 0.1% per year; rating input score 100; 7th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 31st percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6B in reported program spending
  • Leadership: top reported pay $724K · 38 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $78.7M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 46 filed money-flow records
  • Related organizations: 10 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Independent voting board scored 9/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.