Totals
- Total revenue
- $2,427,464,225
- Total expenses
- $2,413,016,979
- Contributions and grants received
- $336,192,650
- Grants paid
- $59,848,743
- Program service revenue
- $2,038,519,340
- Investment income
- $37,811,043
- Other revenue
- $14,941,192
- Total assets, end of year
- $2,489,073,966
- Total liabilities, end of year
- $2,068,047,739
- Net assets or fund balances, end of year
- $421,026,227
- Program services expenses (Part IX)
- $2,184,295,826
- Management and general expenses
- $228,721,153
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,184,295,826
Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$185,585,677
-
1e · Government grants (contributions)
$54,267,739
-
1f · All other contributions, gifts and grants
$96,339,234
-
2a · Program service revenue: HOSPITAL PROGRAM REVENUE
total $1,413,540,446 · related or exempt $1,413,540,446
-
2b · Program service revenue: PATIENT SERVICES
total $206,504,041 · related or exempt $206,504,041
-
2c · Program service revenue: RETAIL PHARMACY
total $187,792,528 · related or exempt $187,792,528
-
2d · Program service revenue: RESEARCH
total $30,502,514 · excluded $30,502,514
-
2e · Program service revenue: SERVICE RECOVERY
total $42,378,587 · related or exempt $42,378,587
-
2f · All other program service revenue
total $157,801,224 · related or exempt $157,801,224
-
3 · Investment income
total $37,811,043 · unrelated business $0 · excluded $37,811,043
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $5,578,703
-
6c · Rental income or loss
real property $5,578,703 · personal property $0
-
6d · Net rental income or loss
total $5,578,703 · excluded $5,578,703
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: PARKING - RESEARCH & HOSPITAL
total $9,362,489 · excluded $9,362,489
-
11e · Other revenue, total
$9,362,489
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $59,848,743 · program services $59,848,743
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $5,304,102 · management and general $5,304,102 · fundraising $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,190,828,653 · program services $1,101,712,252 · management and general $89,116,401
-
8 · Pension plan contributions
total $81,059,857 · program services $77,105,135 · management and general $3,954,722
-
9 · Other employee benefits
total $63,568,848 · program services $60,922,535 · management and general $2,646,313
-
10 · Payroll taxes
total $85,915,340 · program services $82,650,408 · management and general $3,264,932
-
11a · Fees: management
total $25,681,007 · program services $9,838,403 · management and general $15,842,604
-
11b · Fees: legal
total $2,771,558 · management and general $2,771,558
-
11c · Fees: accounting
total $710,395 · management and general $710,395
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $140,065,491 · program services $135,669,311 · management and general $4,396,180
-
12 · Advertising and promotion
total $192,643 · program services $189,831 · management and general $2,812
-
13 · Office expenses
total $16,103,702 · management and general $16,103,702
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $27,432,177 · program services $27,432,177
-
17 · Travel
total $12,657,070 · program services $12,497,544 · management and general $159,526
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $843,705 · program services $837,715 · management and general $5,990
-
20 · Interest
total $8,747,683 · program services $8,747,683
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $107,764,514 · program services $107,228,413 · management and general $536,101
-
23 · Insurance
total $9,060,433 · program services $721,759 · management and general $8,338,674
-
24a · Other expenses: MEDICAL SUPPLIES & DRUGS
total $413,671,684 · program services $413,671,684
-
24b · Other expenses: PLANT AND EQUIPMENT
total $74,377,783 · program services $54,005,485 · management and general $20,372,298
-
24c · Other expenses: SUPPLIES AND OTHER
total $86,411,591 · program services $31,216,748 · management and general $55,194,843
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $668,791,102 · end of year $853,435,245
-
3 · Pledges and grants receivable
beginning of year $48,613,020 · end of year $42,048,770
-
4 · Accounts receivable
beginning of year $216,166,408 · end of year $224,570,502
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,182,295 · end of year $1,178,724
-
8 · Inventories for sale or use
beginning of year $22,301,781 · end of year $26,337,852
-
9 · Prepaid expenses and deferred charges
beginning of year $18,924,111 · end of year $20,805,953
-
10a · Land, buildings and equipment: cost or other basis
$2,950,641,669
-
10b · Land, buildings and equipment: accumulated depreciation
$1,729,843,820
-
10c · Land, buildings and equipment, net
beginning of year $1,187,568,906 · end of year $1,220,797,849
-
11 · Investments: publicly traded securities
beginning of year $96,318,629 · end of year $99,879,917
-
12 · Investments: other securities
beginning of year -$56,159 · end of year $19,154
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $519,020,173 · end of year $559,205,835
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $1,143,878,667 · end of year $1,226,306,174
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $152,730,363 · end of year $243,416,090
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $38,756,373 · end of year $39,119,640
-
27 · Net assets without donor restrictions
beginning of year $405,424,517 · end of year $421,026,227
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
TRANSFORMING LIVES AND COMMUNITIES THROUGH EXCELLENCE IN CARE, DISCOVERY AND LEARNING.
Activities or mission (Part I)
UNIVERSITY HEALTH NETWORK/RESEAU UNIVERSITAIRE DE SANTE ("UHN") IS CANADA'S LARGEST HEALTHCARE RESEARCH ORGANIZATION. (CONTINUED ON SCHDULE O)
-
UNIVERSITY HEALTH NETWORK (UHN) CONTINUES TO LEAD THE WAY, BY IMPLEMENTING OUR STRATEGIC PLAN TO CREATE A HEALTHIER WORLD AND ELEVATING OUR PURPOSE: TRANSFORMING LIVES AND COMMUNITIES THROUGH EXCELLENCE IN CARE, DISCOVERY AND LEARNING. THE OVERALL ACTIVITY IN 23/24 AT UHN INCLUDE THE FOLLOWING: -AVERAGE TOTAL BEDS STAFFED AND IN OPERATION = 1,343 -TOTAL INPATIENT DAYS = 476,573 -AMBULATORY CARE VISITS TOTAL = 1,177,238 -O.R. CASES (INPATIENT AND OUTPATIENT) = 25,016 -EMERGENCY VISITS = 124,475
Expenses $1,596,741,653 · Grants $59,848,743 · Revenue $1,831,999,180
-
UNIVERSITY HEALTH NETWORK (UHN) IS CANADA'S TOP RESEARCH HOSPITAL AND IT IS FULLY AFFILIATED WITH THE UNIVERSITY OF TORONTO AND A MEMBER OF THE TORONTO ACADEMIC HEALTH SCIENCE NETWORK. UHN COMPRISES FIVE ACADEMIC HOSPITAL SITES, AN EDUCATION INSTITUTE AND SIX RESEARCH INSTITUTES. RESEARCH IS SUPPORTED IN PART BY TWO FOUNDATIONS. THE SCOPE OF RESEARCH AND COMPLEXITY OF CASES AT UHN HAVE MADE IT A NATIONAL AND INTERNATIONAL SOURCE FOR DISCOVERY, EDUCATION AND PATIENT CARE. RESEARCH CONDUCTED AT UHN SPANS THE FULL SPECTRUM OF DISEASES AND DISCIPLINES, INCLUDING CANCER, CARDIOVASCULAR SCIENCES, TRANSPLANTATION, NEURAL AND SENSORY SCIENCES, MUSCULOSKELETAL HEALTH, REHABILITATION SCIENCES, COMMUNITY AND POPULATION HEALTH, AND MORE.
Expenses $420,224,661 · Revenue $30,502,514
-
THE UHN/MOUNT SINAI HOSPITAL DEPARTMENT OF MEDICINE PRACTICE PLAN IS THE VEHICLE FOR SUPPORTING 392 ACADEMIC PHYSICIANS AT TWO OF THE UNIVERSITY OF TORONTO'S TEACHING HOSPITALS. THE PURPOSE OF THE PLAN IS TO SUPPORT CLINICAL, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE GROUP.
Expenses $118,187,143 · Revenue $118,187,143
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin Smith
President & CEO
- Total calculated
- $693,714
- From this org
- $693,714
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $481,940
- Bonus
- $144,584
- Other
- $67,190
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $693,714
-
Brian D Hodges
Executive Vice President
- Total calculated
- $374,869
- From this org
- $374,869
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $296,239
- Bonus
- $72,661
- Other
- $5,969
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $374,869
-
Stephen Michael Smith
Laboratory Physician
- Total calculated
- $366,513
- From this org
- $366,513
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $366,106
- Bonus
- $0
- Other
- $407
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $366,513
-
A Keith Stewart
Vice President
- Total calculated
- $357,408
- From this org
- $357,408
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $292,872
- Bonus
- $58,576
- Other
- $5,960
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $357,408
-
Sheila O'Brien
Executive Vice President
- Total calculated
- $354,201
- From this org
- $354,201
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $282,865
- Bonus
- $70,717
- Other
- $619
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $354,201
-
Zaid Saeed Kamil
Laboratory Physician
- Total calculated
- $344,390
- From this org
- $344,390
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $343,983
- Bonus
- $0
- Other
- $407
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $344,390
-
Rebecca Repa
Executive Vice President
- Total calculated
- $342,573
- From this org
- $342,573
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $270,809
- Bonus
- $65,805
- Other
- $5,959
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $342,573
-
Brad Wouters
Executive Vice President
- Total calculated
- $339,050
- From this org
- $339,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $260,302
- Bonus
- $73,608
- Other
- $5,140
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $339,050
-
Robert Eric Slepin
Health Info System Project Dir
- Total calculated
- $327,159
- From this org
- $327,159
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $327,159
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $327,159
-
Darlene Dasent
Executive Vice President
- Total calculated
- $325,700
- From this org
- $325,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $255,799
- Bonus
- $63,951
- Other
- $5,950
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $325,700
-
Klaudia Nowak
Laboratory Physician
- Total calculated
- $323,822
- From this org
- $323,822
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $323,415
- Bonus
- $0
- Other
- $407
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $323,822
-
Kathryn J Tinckam
Physician-In-Chief
- Total calculated
- $312,060
- From this org
- $312,060
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $259,508
- Bonus
- $51,903
- Other
- $649
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $312,060
-
Thomas Forbes
Surgeon-in-Chief
- Total calculated
- $304,525
- From this org
- $304,525
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $259,508
- Bonus
- $38,927
- Other
- $6,090
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $304,525
-
Marnie Escaf
Senior Vice President
- Total calculated
- $281,200
- From this org
- $281,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $238,127
- Bonus
- $42,474
- Other
- $599
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $281,200
-
Fayez Quereshy
Vice President
- Total calculated
- $262,814
- From this org
- $262,814
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $216,803
- Bonus
- $40,039
- Other
- $5,972
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $262,814
-
Pamela Hubley
Vice President
- Total calculated
- $234,066
- From this org
- $234,066
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $203,898
- Bonus
- $23,788
- Other
- $6,380
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $234,066
-
Marc Toppings
Vice President
- Total calculated
- $220,322
- From this org
- $220,322
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $180,375
- Bonus
- $34,107
- Other
- $5,840
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $220,322
-
Janet Newton
Senior Vice President
- Total calculated
- $206,369
- From this org
- $206,369
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $167,196
- Bonus
- $33,440
- Other
- $5,733
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $206,369
-
Diana Elder
Vice President
- Total calculated
- $200,586
- From this org
- $200,586
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $166,826
- Bonus
- $33,366
- Other
- $394
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $200,586
-
Mr Dean A ConnorMR DEAN A CONNOR
CHAIR, TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Janice FukakusaMS JANICE FUKAKUSA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Todd HalpernMR TODD HALPERN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Stu KedwellMR STU KEDWELL
VICE CHAIR, TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Peter MenkesMR PETER MENKES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Lawrence PentlandMR LAWRENCE PENTLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Brian PorterMR BRIAN PORTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mrs Janet RossantMRS JANET ROSSANT
VICE CHAIR, TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mrs Shirlee SharkeyMRS SHIRLEE SHARKEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Ajay VirmaniMR AJAY VIRMANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Peter WallaceMR PETER WALLACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Pamela WarrenMS PAMELA WARREN
VICE CHAIR, TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jamie WattMR JAMIE WATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Cornell WrightMR CORNELL WRIGHT
DEPUTY CHAIR, TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Patricia HoustonMS PATRICIA HOUSTON
TRUSTEE (BEG 08/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Trevor YoungDR TREVOR YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Ross BakerMR ROSS BAKER
TRUSTEE (END 06/2023)
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN
- SUPPLEMENTAL PENSION ARRANGEMENTS SPONSORED BY UHN SERP. UHN'S SERP IS MADE UP OF A NUMBER OF INDIVIDUAL AGREEMENTS WITH CERTAIN EMPLOYEES. PARTICIPANTS RECEIVE PENSION PAYMENTS FROM THE SERP FOLLOWING EITHER THEIR RETIREMENT FROM UHN, OR AGE 65, WHICHEVER IS LATER. MOST PARTICIPANTS RECEIVE THESE PAYMENTS FOR LIFE WITH A PROVISION FOR SPOUSAL BENEFITS UPON THE DEATH OF THE PARTICIPANT. EACH PARTICIPANT'S PENSION IS INDEXED AT THE RATE OF 75% OF THE INCREASE OF THE CONSUMER PRICE INDEX. UHN DID NOT MAKE SERP PAYMENTS TO ANY INDIVIDUAL LISTED IN PART VII IN 2023.
- SCHEDULE J, PART I, LINE 7 - NON-FIXED PAYMENTS
- THE ORGANIZATION PROVIDED SOME OF THE PERSONS LISTED ON PART VII, SECTION A, LINE 1A NON-FIXED PAYMENTS BASED ON DELIVERABLES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UHN FOUNDATION
PUBLIC FDN · CA
Directly controlled by NA
-
Princess Margaret Cancer Foundation
PUBLIC FDN · CA
Directly controlled by NA
-
The Toronto Hospital Research Corp
Public FDN · CA
Directly controlled by NA
-
de Souza Institute Foundation
Public FDN · CA
Directly controlled by NA
-
Michener Institute of Education
education · CA · controlled entity
Directly controlled by UHN
-
OZMOSIS RESEARCH INC
RESEARCH · CA · controlled entity
Directly controlled by UHN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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SHANGHAI RESEARCH AND DEVELOPMENT
C CORP · RESEARCH · CH · 100% owned · share of income $392,480 · share of assets $233,130 · controlled entity
Directly controlled by UHN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432289349302108
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