← THE GOVERNORS OF THE UNIVERSITY OF ALBERTA

Form 990 for tax year 2023

Filed by THE GOVERNORS OF THE UNIVERSITY OF ALBERTA.

Totals

Total revenue: $1,452,719,000
Total expenses: $1,447,895,000
Contributions and grants received: $823,852,000
Grants paid: $158,639,000
Program service revenue: $347,040,000
Investment income: $181,724,000
Other revenue: $100,103,000
Total assets, end of year: $4,690,379,000
Total liabilities, end of year: $2,680,276,000
Net assets or fund balances, end of year: $2,010,103,000
Program services expenses (Part IX): $1,327,471,000
Management and general expenses: $112,199,000
Fundraising expenses: $8,225,000
Program service expenses (Part III): $1,327,471,000

Program services were 91.7% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$534,669,000
1e · Government grants (contributions)

$171,431,000
1f · All other contributions, gifts and grants

$117,752,000
1g · Noncash contributions included above

$650,000
2a · Program service revenue: Credit course tuition & fees

total $347,040,000 · related or exempt $347,040,000 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $182,811,000 · related or exempt $182,937,000 · unrelated business -$126,000 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $983,000 · related or exempt $983,000 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets -$799,000
7b · Less cost or other basis and sales expenses

securities $0 · other assets $288,000
7c · Gain or loss

securities $0 · other assets -$1,087,000
7d · Net gain or loss

total -$1,087,000 · related or exempt -$1,087,000 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Sale of services and products

total $165,131,000 · related or exempt $165,131,000 · unrelated business $0 · excluded $0
11b · Other revenue: Endowment Net Assets

total -$66,011,000 · related or exempt -$66,011,000 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$99,120,000

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $3,573,000 · program services $3,573,000
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $155,066,000 · program services $155,066,000
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $2,798,000 · program services $585,000 · management and general $2,213,000 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $695,424,000 · program services $622,845,000 · management and general $72,579,000 · fundraising $0
8 · Pension plan contributions

total $64,124,000 · program services $53,118,000 · management and general $10,029,000 · fundraising $977,000
9 · Other employee benefits

total $37,244,000 · program services $31,208,000 · management and general $4,237,000 · fundraising $1,799,000
10 · Payroll taxes

total $37,080,000 · program services $28,155,000 · management and general $8,158,000 · fundraising $767,000
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $22,000 · program services $22,000 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $9,352,000 · program services $9,352,000 · management and general $0 · fundraising $0
11g · Fees: other

total $39,182,000 · program services $39,182,000 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $4,126,000 · program services $4,126,000 · management and general $0 · fundraising $0
13 · Office expenses

total $4,588,000 · program services $4,180,000 · management and general $408,000 · fundraising $0
14 · Information technology

total $29,722,000 · program services $26,489,000 · management and general $3,233,000 · fundraising $0
15 · Royalties

total $125,000 · program services $125,000 · management and general $0 · fundraising $0
16 · Occupancy

total $44,085,000 · program services $44,085,000 · management and general $0 · fundraising $0
17 · Travel

total $24,035,000 · program services $22,992,000 · management and general $1,043,000 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $8,220,000 · program services $8,220,000 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $121,355,000 · program services $121,355,000 · management and general $0 · fundraising $0
23 · Insurance

total $3,952,000 · program services $3,952,000 · management and general $0 · fundraising $0
24a · Other expenses: Cost recoveries

total -$153,626,000 · program services -$153,626,000 · management and general $0 · fundraising $0
24b · Other expenses: COGS and recovered

total $86,500,000 · program services $86,500,000 · management and general $0 · fundraising $0
24c · Other expenses: Equip rental & maintenance

total $68,497,000 · program services $68,497,000 · management and general $0 · fundraising $0
24d · Other expenses: Materials, Supplies & Services

total $162,451,000 · program services $147,470,000 · management and general $10,299,000 · fundraising $4,682,000
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $13,085,000 · end of year $29,614,000
2 · Savings and temporary cash investments

beginning of year $288,201,000 · end of year $233,198,000
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $140,457,000 · end of year $127,530,000
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 $0 · end of year $0
8 · Inventories for sale or use

beginning of year $1,462,000 · end of year $1,384,000
9 · Prepaid expenses and deferred charges

beginning of year $8,648,000 · end of year $11,126,000
10a · Land, buildings and equipment: cost or other basis

$4,680,349,000
10b · Land, buildings and equipment: accumulated depreciation

$2,627,558,000
10c · Land, buildings and equipment, net

beginning of year $2,043,633,000 · end of year $2,052,791,000
11 · Investments: publicly traded securities

beginning of year $1,311,495,000 · end of year $1,342,976,000
12 · Investments: other securities

beginning of year $407,653,000 · end of year $473,529,000
13 · Investments: program-related

beginning of year $409,029,000 · end of year $419,650,000
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year -$967,000 · end of year -$1,419,000
17 · Accounts payable and accrued expenses

beginning of year $416,916,000 · end of year $427,618,000
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $2,004,369,000 · end of year $1,990,892,000
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 $270,797,000 · end of year $261,766,000
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $644,583,000 · end of year $670,580,000
28 · Net assets with donor restrictions

beginning of year $1,286,031,000 · end of year $1,339,523,000

Mission and programs · 2023

Mission

Within a vibrant and supportive learning environment, the University of Alberta discovers, disseminates and applies new knowledge through teaching and learning, research and creative activity, community involvement and partnerships. The University of Alberta gives a national and international voice to innovation in our province, taking a lead role in placing Canada at the global forefront.

Activities or mission (Part I)

The Governors of The University of Alberta is a corporation that manages and operates the University of Alberta under the Post-secondary Learning Act (Alberta). Under the Post-secondary Learning Act, the university is a comprehensive academic and research institution offering undergraduate and graduate degree programs as well as a full range of continuing education programs and activities.

General Operations - This fund includes the provincial government operating grant, tuition fee revenue, investment income available for general spending and any new revenues generated by faculties and administrative units. Approximately 40,061 students from all Canadian provinces and territories and 156 other countries, participating in: College of Health Sciences (Kinesiology, Sport, + Recreation; Medicine + Dentistry; Nursing; Pharmacy + Pharmaceutical Sciences; School of Public Health; Rehabilitation Medicine); College of Natural + Applied Sciences (Agricultural, Life + Environmental Sciences; Engineering; Science); College of Social Sciences + Humanities (Alberta School of Business; Arts; Education; Law); Faculties (Augustana; Campus Saint-Jean (French); Extension; Graduate Studies + Research; Native Studies)

Expenses $733,560,000 · Grants $47,288,000 · Revenue $849,220,000
Sponsored Research - Funded by grants and contracts from external sponsors, donations and endowment investment income available for spending. The University ranks among the top five Canadian universities in annual sponsored research funding, including clinical trials and related research funding. The University is also among the top five Canadian universities in annual total research funding from the three federal government granting councils: the Canadian Institutes of Health Research, the Natural Sciences and Engineering Research Council, and the Social Sciences and Humanities Research Council.

Expenses $329,326,000 · Grants $68,728,000 · Revenue $375,439,000
Ancillary Services - These University business enterprises provide goods and services to the University community and to individuals, companies and organizations external to the University. These units are expected to operate on either a break-even basis, covering their full operating and capital costs, or on a profit basis which is used to support the University's activities.

Expenses $67,261,000 · Grants $1,000 · Revenue $80,836,000
Other program services include: special purpose (funded by grants and contracts from external sponsors, donations and endowment investment income available for spending. Expenditures include scholarships and bursaries, and other special projects involving teaching and community service.); capital (funded by provincial, federal and other government grants and donations. Funds are primarily designated for the acquisition of buildings, equipment and furnishings, including major renovations).

Expenses $197,324,000 · Grants $42,624,000 · Revenue $147,225,000

As filed on the 2023 return.

Listed in Part VII

Randall K Morck

Professor, AB School of Business

Total calculated

$450,427

From this org

$450,427

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$353,661

Bonus

$0

Other

$96,766

Deferred

$6,086

Nontaxable benefits

$5,933

Filer's total

$462,446

Schedule J breakdown matched by us

Base

$353,661

Bonus

$0

Other

$96,766

Deferred

$6,086

Nontaxable benefits

$5,933

Filer's total

$462,446
Edy Lai-Man Wong

Professor, AB School of Business

Total calculated

$418,809

From this org

$418,809

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$225,997

Bonus

$0

Other

$192,812

Deferred

$19,294

Nontaxable benefits

$5,933

Filer's total

$444,036

Schedule J breakdown matched by us

Base

$225,997

Bonus

$0

Other

$192,812

Deferred

$19,294

Nontaxable benefits

$5,933

Filer's total

$444,036
Xin-Min Li

Associate Dean, Faculty of Medicine and Dentistry

Total calculated

$363,844

From this org

$363,844

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$244,240

Bonus

$0

Other

$119,604

Deferred

$27,709

Nontaxable benefits

$8,174

Filer's total

$399,727

Schedule J breakdown matched by us

Base

$244,240

Bonus

$0

Other

$119,604

Deferred

$27,709

Nontaxable benefits

$8,174

Filer's total

$399,727
Paul William Major

Professor and Department Chair, Dentistry

Total calculated

$354,070

From this org

$354,070

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$187,974

Bonus

$0

Other

$166,096

Deferred

$11,684

Nontaxable benefits

$5,933

Filer's total

$371,687

Schedule J breakdown matched by us

Base

$187,974

Bonus

$0

Other

$166,096

Deferred

$11,684

Nontaxable benefits

$5,933

Filer's total

$371,687
William Francis Flanagan

President and Vice-Chancellor

Total calculated

$342,979

From this org

$342,979

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$338,530

Bonus

$0

Other

$4,449

Deferred

$96,870

Nontaxable benefits

$9,297

Filer's total

$449,146

Schedule J breakdown matched by us

Base

$338,530

Bonus

$0

Other

$4,449

Deferred

$96,870

Nontaxable benefits

$9,297

Filer's total

$449,146
Michael Shane Maier

Associate Dean MBA, AB School of Business

Total calculated

$340,518

From this org

$340,518

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$90,377

Bonus

$0

Other

$250,141

Deferred

$25,475

Nontaxable benefits

$7,426

Filer's total

$373,419

Schedule J breakdown matched by us

Base

$90,377

Bonus

$0

Other

$250,141

Deferred

$25,475

Nontaxable benefits

$7,426

Filer's total

$373,419
Karim Jamal

Professor and Chair, Accounting and Business Analytics

Total calculated

$331,455

From this org

$331,455

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$252,856

Bonus

$0

Other

$78,599

Deferred

$28,629

Nontaxable benefits

$8,249

Filer's total

$368,333

Schedule J breakdown matched by us

Base

$252,856

Bonus

$0

Other

$78,599

Deferred

$28,629

Nontaxable benefits

$8,249

Filer's total

$368,333
Richard T Gilchrist

Vice President University Services & Finance

Total calculated

$320,099

From this org

$320,099

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$316,391

Bonus

$0

Other

$3,708

Deferred

$87,822

Nontaxable benefits

$9,031

Filer's total

$416,952

Schedule J breakdown matched by us

Base

$316,391

Bonus

$0

Other

$3,708

Deferred

$87,822

Nontaxable benefits

$9,031

Filer's total

$416,952
Steven K Dew

Former Provost

Total calculated

$313,127

From this org

$313,127

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$313,127

Bonus

$0

Other

$0

Deferred

$29,625

Nontaxable benefits

$8,752

Filer's total

$351,504

Schedule J breakdown matched by us

Base

$313,127

Bonus

$0

Other

$0

Deferred

$29,625

Nontaxable benefits

$8,752

Filer's total

$351,504
Donald Hickey

Former Vice-President Facilities and Operations

Total calculated

$304,779

From this org

$304,779

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$304,779

Deferred

$0

Nontaxable benefits

$0

Filer's total

$304,779

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$304,779

Deferred

$0

Nontaxable benefits

$0

Filer's total

$304,779
Andrew Sharman

Vice-President Facilities and Operations

Total calculated

$303,955

From this org

$303,955

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$297,281

Bonus

$0

Other

$6,674

Deferred

$38,048

Nontaxable benefits

$8,855

Filer's total

$350,858

Schedule J breakdown matched by us

Base

$297,281

Bonus

$0

Other

$6,674

Deferred

$38,048

Nontaxable benefits

$8,855

Filer's total

$350,858
Verna Yiu

Provost & VP (Academic)

Total calculated

$286,013

From this org

$286,013

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$284,901

Bonus

$0

Other

$1,112

Deferred

$47,935

Nontaxable benefits

$9,616

Filer's total

$343,564

Schedule J breakdown matched by us

Base

$284,901

Bonus

$0

Other

$1,112

Deferred

$47,935

Nontaxable benefits

$9,616

Filer's total

$343,564
Elan Marie MacDonald

Vice President External Relations

Total calculated

$271,424

From this org

$271,424

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$267,716

Bonus

$0

Other

$3,708

Deferred

$55,200

Nontaxable benefits

$8,724

Filer's total

$335,348

Schedule J breakdown matched by us

Base

$267,716

Bonus

$0

Other

$3,708

Deferred

$55,200

Nontaxable benefits

$8,724

Filer's total

$335,348
Aminah Robinson

Vice-President Research and Innovation

Total calculated

$261,088

From this org

$261,088

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$261,088

Bonus

$0

Other

$0

Deferred

$47,257

Nontaxable benefits

$8,251

Filer's total

$316,596

Schedule J breakdown matched by us

Base

$261,088

Bonus

$0

Other

$0

Deferred

$47,257

Nontaxable benefits

$8,251

Filer's total

$316,596
Matina Kalcounis-Rueppell

Vice Provost of College of Natural and Applied Sciences

Total calculated

$257,315

From this org

$257,315

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$177,973

Bonus

$0

Other

$79,342

Deferred

$27,847

Nontaxable benefits

$8,232

Filer's total

$293,394

Schedule J breakdown matched by us

Base

$177,973

Bonus

$0

Other

$79,342

Deferred

$27,847

Nontaxable benefits

$8,232

Filer's total

$293,394
Brenda Hemmelgarn

Vice Provost of College of Health Sciences

Total calculated

$254,976

From this org

$254,976

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$174,747

Bonus

$0

Other

$80,229

Deferred

$28,594

Nontaxable benefits

$8,210

Filer's total

$291,780

Schedule J breakdown matched by us

Base

$174,747

Bonus

$0

Other

$80,229

Deferred

$28,594

Nontaxable benefits

$8,210

Filer's total

$291,780
A M James Shapiro

Professor, Faculty of Medicine & Dentistry

Total calculated

$247,082

From this org

$247,082

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$169,966

Bonus

$0

Other

$77,116

Deferred

$27,070

Nontaxable benefits

$7,458

Filer's total

$281,610

Schedule J breakdown matched by us

Base

$169,966

Bonus

$0

Other

$77,116

Deferred

$27,070

Nontaxable benefits

$7,458

Filer's total

$281,610
Kelly Dawn Spencer

Former Interim Vice-President Advancement

Total calculated

$218,861

From this org

$218,861

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$165,609

Bonus

$0

Other

$53,252

Deferred

$27,002

Nontaxable benefits

$7,795

Filer's total

$253,658

Schedule J breakdown matched by us

Base

$165,609

Bonus

$0

Other

$53,252

Deferred

$27,002

Nontaxable benefits

$7,795

Filer's total

$253,658
Lorne Babiuk

Former Vice-President Research

Total calculated

$211,563

From this org

$211,563

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$211,563

Deferred

$0

Nontaxable benefits

$0

Filer's total

$211,563

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$211,563

Deferred

$0

Nontaxable benefits

$0

Filer's total

$211,563
Dennis Y Kunimoto

Former Dean. Faculty of Medicine and Dentistry

Total calculated

$174,755

From this org

$174,755

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$151,887

Bonus

$0

Other

$22,868

Deferred

$6,918

Nontaxable benefits

$5,936

Filer's total

$187,609

Schedule J breakdown matched by us

Base

$151,887

Bonus

$0

Other

$22,868

Deferred

$6,918

Nontaxable benefits

$5,936

Filer's total

$187,609
David Howard Turpin

Former President

Total calculated

$96,939

From this org

$96,939

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$96,939

Bonus

$0

Other

$0

Deferred

$46,373

Nontaxable benefits

$5,910

Filer's total

$149,222

Schedule J breakdown matched by us

Base

$96,939

Bonus

$0

Other

$0

Deferred

$46,373

Nontaxable benefits

$5,910

Filer's total

$149,222
Laura Catherine Swindlehurst

Former Interim Vice-President University Relations

Total calculated

$20,835

From this org

$20,835

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$20,835

Deferred

$0

Nontaxable benefits

$0

Filer's total

$20,835

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$20,835

Deferred

$0

Nontaxable benefits

$0

Filer's total

$20,835

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 · Compensation committee
3 · Written employment contract
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan

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
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3: The current President's contract is the first to be limited by provincial regulation from the outset. There was therefore no need to conduct a compensation survey.
Schedule J, Part I, Line 4: Part I Line 4b (supplemental nonqualified retirement plan) - Under the terms of the Defined Benefit Supplementary Retirement plan (DB SRP), the executive may receive supplemental payments. Retirement arrangement costs as detailed below are not cash payments in the period but are period expenses for the rights to future compensation. Costs shown reflect the total estimated cost to provide supplementary retirement benefits. The DB SRP provides future benefits to participants based on years of service and earnings. The cost of these benefits is actuarially determined using the projected benefit method pro-rated on service, a market interest rate, and other assumptions included in the Canadian Institute of Actuaries' lump sum commuted value standard. The DB SRP was closed to new members effective June 30, 2014. Under the terms of the executive Defined Contribution Supplementary Retire Plan (DC SRP), the executive may receive supplemental payments. Retirement arrangement costs as detailed below are not cash payments in the period but are period expenses for the rights to future compensation. Costs shown reflect the total cost to provide supplementary retirement benefits. The DC SRP provides future benefits to participants based on the value of the contributions at the end of their service. The cost of these benefits is calculated based on pensionable salary multiplied by a factor based on age and service. The DC SRP was introduced effective July 1, 2014, for all executives commencing employment on or after that date.

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.

Alberta Health Services

Health System · CA

Directly controlled by Alberta Provincial Government

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.

University of Alberta Properties Trust Inc

C · Property Development · CA · 100% owned · share of income $100 · share of assets $100 · controlled entity

Directly controlled by University of Alberta
University of Alberta Innovation Fund Ltd

C · Investment Advisory Services · CA · 100% owned · share of income $100 · share of assets $100 · controlled entity

Directly controlled by University of Alberta

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 August 2024
IRS schema version: 2023v5.0
Source object: 202412289349302376

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