Brock University FY2023 filing

Tax-deductible

Canada501(c)(3)Since 1964Colleges & UniversitiesEIN 98-0052780Revenue $286.9M in FY2023

On file with the IRSbrocku.caSt Catharines on L2s 3a1, 00000-0000 · CanadaTax-exempt since Jun 1983School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$3.5M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible by treaty
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.6M a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.5M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$424.5M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
20
of 26 voting members
Looks good: 20 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286.9M
-2% vs prior year
Spent
$289.5M
To programs
81%
Net assets
$194.7M
By yearFY2021–FY2025
Revenue
$286.9M
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$266.8M
FY2022$291.4M
FY2023$286.9M
FY2024$292.6M
FY2025$301.0M
Expenses
$289.5M
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$254.2M
FY2022$285.4M
FY2023$289.5M
FY2024$301.4M
FY2025$300.0M
Net assets
$194.7M
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2021$209.9M
FY2022$197.1M
FY2023$194.7M
FY2024$185.8M
FY2025$173.9M

From the FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $235.0M Management & general 18% · $52.6M Fundraising 1% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

48 people listed on the 990; $3.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Professor
$270,076Pt VII · Sec A
Provost & VP (until 10/31/2022)
$262,752Pt VII · Sec A
Professor
$238,478Pt VII · Sec A
Professor
$205,699Pt VII · Sec A
$204,086Pt VII · Sec A
Faculty Trustee (as of 7/1/2022)
$200,137Pt VII · Sec A
Professor
$198,394Pt VII · Sec A
Special Advisor
$193,666Pt VII · Sec A

Dirk De Clercq’s $286K as Professor is at the 11th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Dirk De Clercq$285,615$268,099———
Lesley Rigg$279,836$263,714$32,493——
Dirk Declercq——$270,076$267,826$249,189
Lynn Wells—$199,290$262,752$255,776$92,872
Gervan Fearon———$172,205$252,441
Martin Kusy$208,032$242,056$238,478$248,836$235,083
Fayez Elayan——$198,394$231,211$228,399
Eugene Kaciak——$205,699$225,991$208,376

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Conducts transdisciplinary research to support regional industry clusters like biomaufacturing, digital media, green technology, and life sciences.

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Provided by the organization

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2 programs · $235.0M · in their own filed words · FY2022
01

Incorporated in 1964, brock university has continually developed rigorous undergraduate and graduate programs, including experiential learning opportunities. Brock is a comprehensive university with strong academic programming and cutting edge research done in world-class facilities.

$224.8Mprogram expense
02

Researchbrock's transdisciplinary community-based research supports the region's emerging industry clusters such as biomanufacturing, digital media, green technology, and life sciences. Through the main research institutes and centres at brock, we foster intellectual environments in which researchers across disciplines combine their…

$10.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$15K
Grants paid · 5 grants · $920K · 2020–2024
Unitemized GrantFY2024$170,679
Unitemized GrantFY2023$175,436
Unitemized GrantFY2022$146,108
Unitemized GrantFY2021$245,135
Unitemized GrantFY2020$182,643

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$286.9M
Ln 12
Fees for servicesLn 2g$151.7M
Gifts and grantsLn 1h$85.9M
Other incomeLn 4–11$40.4M
Money outPt IX
$289.5M
Ln 25
Programscol B$235.0M
Managementcol C$52.6M
Fundraisingcol D$2.0M
Owns and owesPt X
$194.7M
net assets · Ln 32
Cash and savingsLn 1–2$50.7M
Total assetsLn 16$619.2M
LiabilitiesLn 26$424.5M
PeoplePt VI, VII
48
listed · VII A
PaidVII A23
Voting boardVI 1a26
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85.9M
Government grantsLn 1e$78.6M
Noncash giftsLn 1g$1.3M
Fundraising eventsLn 1c$51K
Fees for servicesLn 2g$151.7M
Investment incomeLn 3$8.9M
Other incomeLn 4–11$40.4M
Gains on assetsLn 7$275K
Total revenueLn 12$286.9M
Assets in detailPt X, end of year
SavingsLn 2$50.7M
Cash and savings togetherLn 1–2$50.7M
InvestmentsLn 11–13$155.3M
Land, buildings, equipmentLn 10c$376.0M
Other assetsLn 15$7.3M
Total assetsLn 16$619.2M
LiabilitiesLn 26$424.5M
Net assetsLn 32$194.7M
OperationsPt I, VI
EmployeesI 55,221
VolunteersI 6800
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$76.6M$50.7M
InvestmentsLn 11–13$161.9M$155.3M
Land, buildings, equipmentLn 10c$399.6M$376.0M
Total assetsLn 16$670.5M$619.2M
LiabilitiesLn 26$473.4M$424.5M
Net assetsLn 32$197.1M$194.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$146K$146K
Grants and assistance to foreign recipientsLn 3$20.6M$20.6M
Pay of current officers, directors and key staffLn 5$1.6M$503K$1.1M
Other salaries and wagesLn 7$147.0M$126.3M$19.8M$868K
Pension plan contributionsLn 8$10.1M$8.6M$1.4M$59K
Other employee benefitsLn 9$9.6M$8.2M$1.4M$56K
Payroll taxesLn 10$11.4M$9.7M$1.6M$67K
Legal feesLn 11b$216K$51K$165K
Accounting feesLn 11c$155K$20K$135K
Investment management feesLn 11f$2.7M$2.7M
Other fees for servicesLn 11g$2.3M$1.4M$943K$14K
Advertising and promotionLn 12$1.7M$1.6M$107K$34K
Office expensesLn 13$2.0M$1.4M$647K$10K
Information technologyLn 14$3.2M$2.3M$776K$105K
OccupancyLn 16$11.7M$4.4M$7.3M$55K
TravelLn 17$2.5M$2.2M$102K$193K
Conferences, conventions and meetingsLn 19$324K$284K$34K$6K
InterestLn 20$7.7M$516K$7.2M
Depreciation, depletion and amortizationLn 22$24.4M$24.0M$382K$33K
InsuranceLn 23$1.2M$156K$1.1M$252
Other expenses (24a–d)Ln 24$28.7M$22.6M$5.7M$461K
Total functional expensesLn 25$289.5M$235.0M$52.6M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $301.0M$300.0M$1.0M$173.9M 990 PDF
FY2024 $292.6M$301.4M−$8.8M$185.8M 990 PDF
FY2023 Viewing $286.9M$289.5M−$2.6M$194.7M 990 PDF
FY2022 $291.4M$285.4M$6.1M$197.1M 990 PDF
FY2021 $266.8M$254.2M$12.6M$209.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $286,920,446 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,110,530$85,872,381
I-9 Program service revenuePrior year $160,214,246$151,695,723
I-10 Investment incomePrior year $9,560,316$8,908,648
I-11 Other revenuePrior year $32,532,719$40,443,694
I-12 Total revenuePrior year $291,417,811$286,920,446
I-13 Grants and similar amounts paidPrior year $21,886,795$20,769,981
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $179,931,063$179,786,711
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $83,538,881$88,977,937
I-18 Total expensesPrior year $285,356,739$289,534,629
I-19 Revenue less expensesPrior year $6,061,072−$2,614,183
Part VI · Governance 20 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $286,920,446 across 13 lines filed
Lines not itemized here account for $1,262,784 of total revenue; see the IRS return.
VIII-1c Fundraising events$51,259
VIII-1e Government grants$78,644,057
VIII-1f All other contributions, gifts and grants$7,177,065
VIII-1g Noncash contributions (included above)$1,282,183
VIII-1h Total contributions, gifts and grants$85,872,381
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $151,695,723$151,695,723
VIII-3 Investment incomeExcluded from tax $8,633,985$8,633,985
VIII-5 RoyaltiesExcluded from tax $261,445$261,445
VIII-6 Net rental income or lossExcluded from tax $329,893$329,893
VIII-7 Net gain or loss on sales of assetsExcluded from tax $274,663$274,663
VIII-8 Net income from fundraising eventsExcluded from tax −$13,869−$13,869
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,603,441$38,603,441
VIII-12 Total revenueRelated to mission $191,561,948 · Unrelated business $0 · Excluded from tax $9,486,117$286,920,446
Part IX · Statement of functional expenses $289,534,629 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $146,108$146,108
IX-3 Grants and assistance to foreign recipientsPrograms $20,623,873$20,623,873
IX-5 Pay of current officers, directors and key staffPrograms $502,986 · Management $1,120,453$1,623,439
IX-7 Other salaries and wagesPrograms $126,336,500 · Management $19,835,255 · Fundraising $867,520$147,039,275
IX-8 Pension plan contributionsPrograms $8,608,480 · Management $1,422,245 · Fundraising $58,878$10,089,603
IX-9 Other employee benefitsPrograms $8,205,105 · Management $1,355,601 · Fundraising $56,119$9,616,825
IX-10 Payroll taxesPrograms $9,741,505 · Management $1,609,437 · Fundraising $66,627$11,417,569
IX-11b Legal feesPrograms $50,561 · Management $165,296$215,857
IX-11c Accounting feesPrograms $19,637 · Management $135,460$155,097
IX-11f Investment management feesManagement $2,665,155$2,665,155
IX-11g Other fees for servicesPrograms $1,358,577 · Management $942,697 · Fundraising $13,962$2,315,236
IX-12 Advertising and promotionPrograms $1,581,810 · Management $107,380 · Fundraising $33,608$1,722,798
IX-13 Office expensesPrograms $1,378,803 · Management $646,731 · Fundraising $9,538$2,035,072
IX-14 Information technologyPrograms $2,336,729 · Management $775,619 · Fundraising $105,178$3,217,526
IX-16 OccupancyPrograms $4,367,516 · Management $7,266,102 · Fundraising $54,646$11,688,264
IX-17 TravelPrograms $2,228,829 · Management $101,585 · Fundraising $192,852$2,523,266
IX-19 Conferences, conventions and meetingsPrograms $283,728 · Management $34,135 · Fundraising $5,923$323,786
IX-20 InterestPrograms $515,978 · Management $7,227,916$7,743,894
IX-22 Depreciation, depletion and amortizationPrograms $23,991,789 · Management $381,699 · Fundraising $32,958$24,406,446
IX-23 InsurancePrograms $156,004 · Management $1,063,366 · Fundraising $252$1,219,622
IX-24 Other expenses (24a–d)Programs $22,574,304 · Management $5,710,588 · Fundraising $461,026$28,745,918
IX-25 Total functional expensesPrograms $235,008,822 · Management $52,566,720 · Fundraising $1,959,087$289,534,629
Part X · Balance sheet $619,206,705 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $76,627,467$50,747,818
X-3 Pledges and grants receivableStart of year $4,566,800$4,039,888
X-4 Accounts receivableStart of year $26,020,149$24,041,545
X-8 Inventories for sale or useStart of year $1,101,382$1,201,068
X-9 Prepaid expenses and deferred chargesStart of year $654,714$654,529
X-10c Land, buildings and equipment, netStart of year $399,609,334$375,972,309
X-11 Publicly traded securitiesStart of year $161,936,137$155,258,934
X-15 Other assetsStart of year $0$7,290,614
X-16 Total assetsStart of year $670,515,983$619,206,705
X-17 Accounts payable and accrued expensesStart of year $30,149,082$19,408,476
X-19 Deferred revenueStart of year $213,582,741$197,337,210
X-25 Other liabilitiesStart of year $26,358,142$21,868,158
X-26 Total liabilitiesStart of year $473,448,445$424,543,237
X-27 Net assets without donor restrictionsStart of year $80,803$76,486
X-28 Net assets with donor restrictionsStart of year $196,986,735$194,586,982
X-32 Total net assets or fund balancesStart of year $197,067,538$194,663,468
X-33 Total liabilities and net assetsStart of year $670,515,983$619,206,705
Part XI · Reconciliation of net assets $194,663,468 net assets at year end
XI-1 Total revenue$286,920,446
XI-2 Total expenses$289,534,629
XI-3 Revenue less expenses−$2,614,183
XI-4 Net assets at start of year$197,067,538
XI-5 Net unrealized gains (losses) on investments$4,031,895
XI-8 Prior period adjustments−$299
XI-9 Other changes in net assets−$3,821,483
XI-10 Net assets at end of year$194,663,468

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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