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Nonprofiteer
← YALE UNIVERSITY

Form 990 for tax year 2022

Filed by YALE UNIVERSITY.

Totals

Total revenue
$6,315,023,788
Total expenses
$5,612,701,248
Contributions and grants received
$1,328,427,356
Grants paid
$713,315,715
Program services expenses (Part IX)
$4,902,314,985
Management and general expenses
$627,943,687
Fundraising expenses
$82,442,576
Program service expenses (Part III)
$4,902,314,985

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Peter Salovey

    Trustee & President

    Total calculated
    $2,318,366
    From this org
    $2,209,809
    From related orgs
    $0
    Other
    $108,557
    Hours/week
    50 + 2.2 related

    Schedule J breakdown matched by us

    Base
    $1,450,796
    Bonus
    $0
    Other
    $759,013
    Deferred
    $34,450
    Nontaxable benefits
    $74,107
    Filer's total
    $2,318,366

  • Ann Miura-Ko

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Carlos R Moreno

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Catharine B Hill

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Charles W Goodyear IV

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • David A Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • David Sze

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • E John Rice Jr

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Edward Miner Ned Lamont Jr

    Trustee (ex-officio)

    Total calculated
    $0
    Hours/week
    0

  • Fred Krupp

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Joshua Bekenstein

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Joshua L Steiner

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Kathleen E Walsh

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Marta L Tellado

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Maurie McInnis

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Michael J Cavanagh

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Michael Warren

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Susan Bysiewicz

    Trustee (ex-officio)

    Total calculated
    $0
    Hours/week
    0

  • William E Kennard

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Alexander E Dreier

    Sr VP for Institutional Affairs

    Total calculated
    $921,836
    From this org
    $820,114
    From related orgs
    $0
    Other
    $101,722
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $749,614
    Bonus
    $0
    Other
    $70,500
    Deferred
    $34,450
    Nontaxable benefits
    $67,272
    Filer's total
    $921,836

  • Jack F Callahan Jr

    Sr VP for Operations

    Total calculated
    $864,385
    From this org
    $789,995
    From related orgs
    $0
    Other
    $74,390
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $772,696
    Bonus
    $0
    Other
    $17,299
    Deferred
    $34,450
    Nontaxable benefits
    $39,940
    Filer's total
    $864,385

  • Jack Michael Bellamy

    VP for Facilities, Campus Development and Sustainability (effective 10/3/22)

    Total calculated
    $172,030
    From this org
    $157,876
    From related orgs
    $0
    Other
    $14,154
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,273
    Bonus
    $0
    Other
    $20,603
    Deferred
    $13,750
    Nontaxable benefits
    $404
    Filer's total
    $172,030

  • Joan E O'Neill

    VP for Alumni Affairs & Development

    Total calculated
    $823,735
    From this org
    $753,636
    From related orgs
    $0
    Other
    $70,099
    Hours/week
    50 + 1.2 related

    Schedule J breakdown matched by us

    Base
    $679,970
    Bonus
    $0
    Other
    $73,666
    Deferred
    $34,450
    Nontaxable benefits
    $35,649
    Filer's total
    $823,735

  • John Barden

    VP for Information Technology

    Total calculated
    $479,393
    From this org
    $409,833
    From related orgs
    $0
    Other
    $69,560
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $409,833
    Bonus
    $0
    Other
    $0
    Deferred
    $34,450
    Nontaxable benefits
    $35,110
    Filer's total
    $479,393

  • John Whelan

    VP for HR

    Total calculated
    $483,558
    From this org
    $413,379
    From related orgs
    $0
    Other
    $70,179
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $381,823
    Bonus
    $0
    Other
    $31,556
    Deferred
    $34,450
    Nontaxable benefits
    $35,729
    Filer's total
    $483,558

  • Karen Peart

    Interim VP for Communications (10/1/22 to 3/31/23)

    Total calculated
    $228,637
    From this org
    $196,063
    From related orgs
    $0
    Other
    $32,574
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,048
    Bonus
    $0
    Other
    $15
    Deferred
    $20,399
    Nontaxable benefits
    $12,175
    Filer's total
    $228,637

  • Kimberly M Goff-Crews

    Secretary & VP for University Life

    Total calculated
    $545,117
    From this org
    $499,063
    From related orgs
    $0
    Other
    $46,054
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $478,563
    Bonus
    $0
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $11,604
    Filer's total
    $545,117

  • Nathaniel Nickerson

    VP for Communications (through 9/23/22)

    Total calculated
    $441,421
    From this org
    $405,420
    From related orgs
    $0
    Other
    $36,001
    Hours/week
    50 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $309,673
    Bonus
    $0
    Other
    $95,747
    Deferred
    $34,450
    Nontaxable benefits
    $1,551
    Filer's total
    $441,421

  • Renee Kopkowski

    VP for Communications (effective 4/1/23)

    Total calculated
    $0
    Hours/week
    50

  • Scott A Strobel

    Provost

    Total calculated
    $878,314
    From this org
    $819,757
    From related orgs
    $0
    Other
    $58,557
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $787,108
    Bonus
    $0
    Other
    $32,649
    Deferred
    $34,450
    Nontaxable benefits
    $24,107
    Filer's total
    $878,314

  • Stephen C Murphy

    VP for Finance & CFO

    Total calculated
    $637,094
    From this org
    $550,754
    From related orgs
    $0
    Other
    $86,340
    Hours/week
    50 + 4.6 related

    Schedule J breakdown matched by us

    Base
    $530,254
    Bonus
    $0
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $51,890
    Filer's total
    $637,094

  • Matthew S T Mendelsohn

    Chief Investment Officer

    Total calculated
    $1,761,729
    From this org
    $1,704,888
    From related orgs
    $0
    Other
    $56,841
    Hours/week
    50 + 2.6 related

    Schedule J breakdown matched by us

    Base
    $868,529
    Bonus
    $815,859
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $22,391
    Filer's total
    $1,761,729

  • Nancy J Brown

    Dean, School of Medicine

    Total calculated
    $1,105,661
    From this org
    $1,051,312
    From related orgs
    $0
    Other
    $54,349
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,010,812
    Bonus
    $0
    Other
    $40,500
    Deferred
    $34,450
    Nontaxable benefits
    $19,899
    Filer's total
    $1,105,661

  • Alan Forman

    Director, Investments

    Total calculated
    $1,951,554
    From this org
    $1,906,869
    From related orgs
    $0
    Other
    $44,685
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $106,437
    Bonus
    $1,282,519
    Other
    $517,913
    Deferred
    $34,450
    Nontaxable benefits
    $10,235
    Filer's total
    $1,951,554

  • Alex Hetherington

    Managing Director, Investments

    Total calculated
    $1,904,660
    From this org
    $1,535,484
    From related orgs
    $0
    Other
    $369,176
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $667,651
    Bonus
    $847,333
    Other
    $20,500
    Deferred
    $336,617
    Nontaxable benefits
    $32,559
    Filer's total
    $1,904,660

  • Arnar Geirsson

    Professor of Surgery (Cardiac)

    Total calculated
    $1,783,781
    From this org
    $1,700,704
    From related orgs
    $0
    Other
    $83,077
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,308,339
    Bonus
    $361,282
    Other
    $31,083
    Deferred
    $34,450
    Nontaxable benefits
    $48,627
    Filer's total
    $1,783,781

  • Murat Gunel

    Chair, Neurosurgery

    Total calculated
    $1,693,916
    From this org
    $1,610,370
    From related orgs
    $0
    Other
    $83,546
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,189,870
    Bonus
    $400,000
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $49,096
    Filer's total
    $1,693,916

  • Timothy R Sullivan

    Sr Director of Private Equity

    Total calculated
    $2,243,708
    From this org
    $1,849,321
    From related orgs
    $0
    Other
    $394,387
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $758,325
    Bonus
    $1,070,496
    Other
    $20,500
    Deferred
    $358,200
    Nontaxable benefits
    $36,187
    Filer's total
    $2,243,708

  • Alexander C Banker

    Former Director of Investments

    Total calculated
    $1,782,885
    From this org
    $1,430,489
    From related orgs
    $0
    Other
    $352,396
    Hours/week
    50 + 2.6 related

    Schedule J breakdown matched by us

    Base
    $610,757
    Bonus
    $799,232
    Other
    $20,500
    Deferred
    $315,033
    Nontaxable benefits
    $37,363
    Filer's total
    $1,782,885

  • Benjamin Polak

    Former Provost

    Total calculated
    $527,338
    From this org
    $475,748
    From related orgs
    $0
    Other
    $51,590
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $455,248
    Bonus
    $0
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $17,140
    Filer's total
    $527,338

  • Dean J Takahashi

    Former Sr Director, Investments

    Total calculated
    $579,152
    From this org
    $529,770
    From related orgs
    $0
    Other
    $49,382
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,539
    Bonus
    $0
    Other
    $357,231
    Deferred
    $21,325
    Nontaxable benefits
    $28,057
    Filer's total
    $579,152

  • Donna Cable

    Former Interim VP for HR

    Total calculated
    $404,744
    From this org
    $352,721
    From related orgs
    $0
    Other
    $52,023
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,762
    Bonus
    $0
    Other
    $205,959
    Deferred
    $34,450
    Nontaxable benefits
    $17,573
    Filer's total
    $404,744

  • Janet E Lindner

    Former VP for HR & Administration

    Total calculated
    $569,468
    From this org
    $524,574
    From related orgs
    $0
    Other
    $44,894
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $524,574
    Deferred
    $34,450
    Nontaxable benefits
    $10,444
    Filer's total
    $569,468

  • John H Bollier

    Former VP for Facilities & Campus Development

    Total calculated
    $611,114
    From this org
    $565,410
    From related orgs
    $0
    Other
    $45,704
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $225,354
    Bonus
    $0
    Other
    $340,056
    Deferred
    $34,450
    Nontaxable benefits
    $11,254
    Filer's total
    $611,114

  • Pericles Lewis

    Former VP for Global Strategy

    Total calculated
    $586,244
    From this org
    $511,167
    From related orgs
    $0
    Other
    $75,077
    Hours/week
    50 + 0.2 related

    Schedule J breakdown matched by us

    Base
    $490,667
    Bonus
    $0
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $40,627
    Filer's total
    $586,244

  • Robert J Alpern

    Former Dean, School of Medicine

    Total calculated
    $367,850
    From this org
    $332,326
    From related orgs
    $0
    Other
    $35,524
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,826
    Bonus
    $0
    Other
    $20,500
    Deferred
    $34,450
    Nontaxable benefits
    $1,074
    Filer's total
    $367,850

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 — 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
ON OCCASION DURING THE CALENDAR YEAR 2022, THE UNIVERSITY CHARTERED PRIVATE AIRCRAFT WHEN DEEMED NECESSARY FOR THE CONDUCT OF UNIVERSITY BUSINESS, PURSUANT TO A CORPORATION POLICY. One OFFICER TRAVELED ON SUCH FLIGHTS IN 2022 IN ACCORDANCE WITH THE POLICY. UNDER APPLICABLE RULES, AMOUNTS FOR SUCH TRAVEL WERE NOT REPORTED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUAL.
Schedule J, Part I, Line 1a Travel for companions
The spouse of one officer on occasion accompanied the officer on university business. The primary purpose of the travel was to conduct university business. Under applicable rules, the cost of travel was not required to be reported as taxable compensation to the listed individual.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
Five OFFICERS and one highly compensated employee RECEIVED TAX GROSS-UP PAYMENTS DURING THE CALENDAR YEAR 2022 FOR CERTAIN LIMITED TAXABLE BENEFITS BASED ON THEIR ESTIMATED RELATED TAX OBLIGATIONS. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS IN AN APARTMENT WITHIN THE PRESIDENT'S HOUSE. THE ESTIMATED FAIR MARKET RENTAL VALUE OF THIS HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN (D). Two OFFICERs Were PROVIDED UNIVERSITY RESIDENCEs FOR PERSONAL USE DURING THE CALENDAR YEAR 2022. THE VALUE OF THE RESIDENCEs WAS DETERMINED PURSUANT TO IRC SECTION 119(D), AS REQUIRED, AND TREATED AS TAXABLE COMPENSATION. IN ADDITION, ONE OFFICER RECEIVED A HOUSING ALLOWANCE WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL DURING THE CALENDAR YEAR 2022.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The university paid membership dues for one key employee during the calendar year 2022 which was used 100% for business purposes. Under applicable rules, the value of the memberships was not required to be reported as taxable compensation to the individual.
Schedule J, Part I, Line 4a Severance or change-of-control payment
During the calendar year 2022, a former officer received severance payments and benefits in connection with the individual's completion of service as a university officer. These amounts, which were paid pursuant to a severance agreement, are reported in Schedule J, Part II, Columns B(III), (C), and (D).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN LISTED PERSONS PARTICIPATED IN SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS DURING THE CALENDAR YEAR 2022 AS DESCRIBED BELOW: THE UNIVERSITY HAS AGREED TO SUPPLEMENT THE PRESIDENT'S RETIREMENT INCOME BY MAKING AN ANNUAL CONTRIBUTION TO A NON-QUALIFIED DEFERRED COMPENSATION PLAN, SUBJECT TO VESTING CONDITIONS BASED ON CONTINUING SERVICE TO THE UNIVERSITY AND ADJUSTED FOR EARNINGS BASED ON POSITIVE PERFORMANCE OF THE ENDOWMENT. A portion of this benefit VESTED IN 2022 AND IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). The university previously awarded a bonus to a former key employee that was taxed in the year awarded and subject to deferred payment with adjustments upward or downward depending on performance of the endowment. This former key employee CONTINUES TO RECEIVE EARNINGS RELATED TO PREVIOUSLY AWARDED DEFERRED BONUSES. The earnings associated with the previously awarded deferred bonus paid in 2022 are reflected in Schedule J, Part II, Column (B)(III).
Schedule J, Part I, Line 7 Non-fixed payments
THE UNIVERSITY PAID one key employee, one former Key Employee and three HIGHLY COMPENSATED EMPLOYEEs BONUSES UNDER A LONG TERM INCENTIVE COMPENSATION PLAN WHICH PROVIDES FOR DEFERRED VESTING CONTINGENT ON THE PERFORMANCE OF FUTURE SERVICES AND MAY CHANGE UPWARD OR DOWNWARD DEPENDING ON PERFORMANCE OF THE ENDOWMENT PRIOR TO VESTING AND PAYMENT. THE CURRENT YEAR PAYMENT THAT WAS AWARDED IN PREVIOUS YEARS IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). THE AMOUNT AWARDED IN THE CURRENT YEAR BUT SUBJECT TO DEFERRED VESTING IS INCLUDED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C). THE UNIVERSITY ALSO PAID two HIGHLY COMPENSATED EMPLOYEES ADDITIONAL COMPENSATION PURSUANT TO CLINICAL INCENTIVE PLANS. THE PAYMENTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II).
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception
THERE was one OFFICER and one key employee WITH RESPECT TO WHOM AMOUNTS WERE REPORTED IN PART VII WHERE THOSE AMOUNTS WERE PAID OR ACCRUED PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-4(A)(3). THE COMPENSATION WAS ALSO APPROVED PURSUANT TO PROCESSES CONSISTENT WITH THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGS. SECTION 53.4958-6(C).
Schedule J, Part I, Line 1a Benefits provided
EACH ONE OF THE BENEFITS THAT WAS CHECKED WAS PROVIDED PURSUANT TO A WRITTEN POLICY.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349303279

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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