Finance - Private not-for-profit institutions and Public institutions using FASB standards

Part A - Statement of Financial Position, Page 1

Part A - Statement of Financial Position, Page 2

Part B - Summary of Changes in Net Assets

Part C-1 - Scholarships and Fellowships

Part C-2 - Sources of Discounts and Allowances

Part D - Revenues by Source

Part E-1 - Expenses by Functional Classification

Part E-2 - Expenses by Natural Classification

Part H - Value of Endowment Net Assets

Part I - Financial Health

Summary

Institution: University of Pennsylvania (215062)

General Information - Fiscal Year and Audit: FASB-Reporting Institutions
Reporting Reminder: To the extent possible, the finance data requested in this report should be provided from your institution's audited General Purpose Financial Statements (GPFS). Please refer to the instructions specific to each screen of the survey for details and references.

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020 If your institution is a parent institution then the amounts reported in Parts A and B should include ALL of your child institutions
Line No.	Assets, Liabilities, and Net Assets		Current year amount	Prior year amount
	Assets
01	Long-term investments			16,499,386,000
19	Property, plant, and equipment, net of accumulated depreciation			8028992000
20	Intangible assets, net of accumulated amortization			29574000
02	Total assets			28,079,450,000

	Liabilities
03	Total liabilities			8,654,617,000
	03a	Debt related to Property, Plant, and Equipment		3706493000

	Net assets
04	Unrestricted net assets			11,392,252,000
05	Total restricted net assets		8,199,908,000	8,032,581,000
	05a	Permanently restricted net assets		4209982000
	05b	Temporarily restricted net assets		3822599000
06	Total net assets (CV=A04+A05)		19,566,269,000	19,424,833,000

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Line No.	Plant, Property and Equipment	Ending balance	Prior year Ending balance
11	Land and land improvements		438,885,000
12	Buildings		10,032,085,000
13	Equipment, including art and library collections		2,013,160,000
15	Construction in Progress		1,354,708,000
16	Other		0
17	Total Plant, Property, and Equipment CV=[(A11+...A16)]	15,082,429,000	13838838000
18	Accumulated depreciation		5809846000
19	Property, Plant, and Equipment, net of accumulated depreciation (from A19)	8,778,085,000	8028992000

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020 If your institution is a parent institution then the amounts reported in Parts A and B should include ALL of your child institutions
Line No.	Revenues, Expenses, Gains and Losses	Current year amount	Prior year amount
01	Total revenues and investment return		11,776,340,000
02	Total expenses		10,498,938,000
03	Other specific changes in net assets CV=[B04-(B01-B02)]	-374,803,000	-426535000
04	Change in net assets		850,867,000
05	Net assets, beginning of year		18,573,966,000
06	Adjustments to beginning of year net assets CV=[B07-(B04+B05)]	0	0
07	Net assets, end of year (from A06)	19566269000	19,424,833,000

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020 Do not report Federal Direct Student Loans (FDSL) anywhere in this section.
Line No.	Scholarships and Fellowships	Current year amount	Prior year amount
01	Pell grants (federal)		7,480,000
02	Other federal grants Do NOT include FDSL amounts		11,780,000
03	Grants by state government		398,000
04	Grants by local government		0
05	Institutional grants (restricted)		93,997,000
06	Institutional grants (unrestricted)		246,787,000
07	Total revenue that funds scholarships and fellowships CV=[C01+...+C06]	371,566,000	360,442,000
08	Discounts and Allowances applied to tuition and fees		349,981
09	Discounts and Allowances applied to auxiliary enterprise revenues		0
10	Total Discounts and Allowances, CV=[C08 + C09]	360,863,000	349,981

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).
The University has elected option #1 to treat Pell grants and certain other federal pass through funds as pass through transactions. (Refer to survey question 5)

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Line No.	Source of Discounts and Allowances	Amount of Source Applied to:
Line No.	Source of Discounts and Allowances	Tuition and fees discounts allowances	Auxiliary enterprises discounts allowances	Total discounts allowances
12	Pell grants (federal)			0
13	Other federal grants (Do NOT include FDSL amounts)			8,658,000
14	Grants by state government			476,000
15	Grants by local government			103,000
16	Endowments and gifts			351,626,000
17	Other institutional sources CV=[C18-(C12+C13+ … +C16)]	0	0	0
18	Total (from Part C1 line 8, 9 and 10)	360863000	0	360,863,000

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Line No.	Source of Funds		Total Amount	Unrestricted	Temporarily restricted	Permanently restricted	Prior Year Total Amount
01	Tuition and fees (net of allowance reported in Part C, line 08)		1,101,586,000				1,065,708,000

	Government Appropriations
02	Federal appropriations		0				0
03	State appropriations		35,144,000				34,518,000
04	Local appropriations		0				0

	Government Grants and Contracts
05	Federal grants and contracts (Do not include FDSL)		737,666,000				719,320,000
06	State grants and contracts		15,080,000				14,326,000
07	Local government grants and contracts		2,165,000				1,793,000

	Private Gifts, Grants and Contracts
08	Private gifts, grants and contracts		871,395,000	392,905,000	268,634,000	209,856,000	956257000
	08a	Private gifts	551,812,000				669358000
	08b	Private grants and contracts	319,583,000				286899000
09	Contributions from affiliated entities		0				0

	Other Revenue
10	Investment return		554,952,000				953,541,000
11	Sales and services of educational activities		1,176,129,000				895,766,000
12	Sales and services of auxiliary enterprises (net of allowance reported in Part C, line 09)		102,207,000				125,904,000
13	Hospital revenue		6,803,782,000				6,932,160,000
14	Independent operations revenue		60,819,000				77,047,000
15	Other revenue CV=[D16-(D01+...+D14)]		0	0	0	0	0

16	Total revenues and investment return						11,776,340,000
17	Net assets released from restriction		0	542,535,000
18	Net total revenues, after assets released from restriction		11460925000	11,293,598,000	-43,213,000	210,540,000	11,776,340,000
19	12-month Student FTE from E12		25,407				25,139
20	Total revenues and investment return per student FTE CV=[D16/D19]		451,093				468,449

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020 Report Total Operating AND Nonoperating Expenses in this section
Line No.	Expense: Functional Classifications	Total amount	Prior Year Total Amount	Salaries and wages	Prior Year Salaries and wages
Line No.	Expense: Functional Classifications	(1)	Prior Year Total Amount	(2)	Prior Year Salaries and wages
01	Instruction		1,429,760,000		702,812,000
02	Research		836,815,000		349,943,000
03	Public service		41,005,000		15,797,000
04	Academic support		923,916,000		772,431,000
05	Student services		106,066,000		45,732,000
06	Institutional support		301,411,000		179,885,000
07	Auxiliary enterprises		164,069,000		29,264,000
08	Net grant aid to students, net of discount/allowances		0
09	Hospital services		6,445,223,000		2,547,412,000
10	Independent operations		80,067,000		6,051,000
12	Other Functional Expenses and deductions CV=[E13-(E01+...+E10)]	163,253,000	170,606,000	0	0
13	Total expenses and Deductions		10,498,938,000		4,649,327,000

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Line No.	Expense: Natural Classifications	Total Amount	Prior year amount
13-2	Salaries and Wages(from Part E-1, line 13 column 2)	4924594000	4,649,327,000
13-3	Benefits		1,234,253,000
13-4	Operation and Maintenance of Plant (as a natural expense)		170,606,000
13-5	Depreciation		540,235,000
13-6	Interest		92,544,000
13-7	Other Natural Expenses and Deductions CV=[E13-1 - (E13-2 + ... + E13-6)]	3,953,337,000	3,811,973,000
13-1	Total Expenses and Deductions (from Part E-1, Line 13)	10,944,686,000	10,498,938,000
14-1	12-month Student FTE (from E12 survey)	25,407	25,139
15-1	Total expenses and deductions per student FTE CV=[E13/E14]	430,774	417,635

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Include not only endowment net assets held by the institution, but any assets held by private foundations affiliated with the institution.
Line No.	Value of Endowment Net Assets		Market Value	Prior Year Amounts
01	Value of endowment net assets at the beginning of the fiscal year			13,777,441,000
02	Value of endowment net assets at the end of the fiscal year			14,649,761,000
03	Change in value of endowment net assets CV=[H02-H01]		227,602,000
	03a	New gifts and additions
	03b	Endowment net investment return
	03c	Spending distribution for current use
	03d	Other CV=[H03-(H03a+H03b+H03c)]	294,257,000

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

Fiscal Year: July 1, 2019 - June 30, 2020
Line No.	Description (If your institution is a parent institution then the amounts reported should include ALL of your child institutions.)	Current year amount
01	Change in unrestricted net assets
02	Total unrestricted operating revenues
03	Change in net assets (from Part B, line 04)	141436000
04	Total net assets (from Part B, line 05)	19424833000
05	Expendable net assets
06	Plant-related debt (from Part A, line 03a)	4456160000
07	Total expenses (from Part B, line 02)	10,944,686,000

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).

Institution: University of Pennsylvania (215062)

1. Fiscal Year Calendar

This report covers financial activities for the 12-month fiscal year: (The fiscal year reported should be the most recent fiscal year ending before October 1, 2020.)

Beginning: month/year (MMYYYY)

And ending: month/year (MMYYYY)

Finance Survey Summary

IPEDS collects important information regarding your institution. All data reported in IPEDS survey components become available in the IPEDS Data Center and appear as aggregated data in various Department of Education reports. Additionally, some of the reported data appears specifically for your institution through the College Navigator website and is included in your institution's Data Feedback Report (DFR). The purpose of this summary is to provide you an opportunity to view some of the data that, when accepted through the IPEDS quality control process, will appear on the College Navigator website and/or your DFR. College Navigator is updated approximately three months after the data collection period closes and Data Feedback Reports will be available through the Data Center and sent to your institution's CEO in November 2020.

Please review your data for accuracy. If you have questions about the data displayed below after reviewing the data reported on the survey screens, please contact the IPEDS Help Desk at: 1-877-225-2568 or ipedshelp@rti.org.

Core Revenues

Revenue Source	Reported values	Percent of total core revenues	Core revenues per FTE enrollment
Tuition and fees	$1,101,586,000	25%	$43,358
Government grants and contracts	$754,911,000	17%	$29,713
Private gifts, grants, and contracts	$871,395,000	19%	$34,297
Investment return	$554,952,000	12%	$21,842
Other core revenues	$1,211,273,000	27%	$47,675
Total core revenues	$4,494,117,000	100%	$176,885

Total revenues	$11,460,925,000	N/A	$451,093

Other core revenues include government appropriations (federal, state, and local), sales and services of educational activities; and other sources. Core revenues exclude revenues from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core revenues per FTE enrollment amounts will not be allocated to child institutions.

Core Expenses

Expense function	Reported values	Percent of total core expenses	Core expenses per FTE enrollment
Instruction	$1,455,280,000	37%	$57,279
Research	$848,200,000	22%	$33,385
Public service	$0	0%	$0
Academic support	$1,012,266,000	26%	$39,842
Institutional support	$309,435,000	8%	$12,179
Student services	$113,504,000	3%	$4,467
Other core expenses	$163,253,000	4%	$6,426
Total core expenses	$3,901,938,000	100%	$153,577

Total expenses	$10,944,686,000	N/A	$430,774

Other core expenses include net grant aid to students, net of discounts and allowances, and other expenses. Core expenses exclude expenses from auxiliary enterprises (e.g., bookstores, dormitories), hospitals, and independent operations. For institutions reporting in Full parent/child relationships, core expenses per FTE enrollment amounts will not be allocated to child institutions.

Calculated value

FTE enrollment

25407

The full-time equivalent (FTE) enrollment used in this report is the sum of the institution's FTE undergraduate enrollment and FTE graduate enrollment (as calculated from or reported on the 12-month Enrollment component). FTE is estimated using 12- month instructional activity (credit and/or clock hours). All doctor’s degree students are reported as graduate students.

2. Audit Opinion
Did your institution receive an unqualified opinion on its General Purpose Financial Statements from your auditor for the fiscal year noted above? (If your institution is audited only in combination with another entity, answer this question based on the audit of that entity.)
		Unqualified
		Qualified (Explain in box below)
		Don't know OR in progress (Explain in box below)

3. Does this institution or any of its foundations or other affiliated organizations own endowment assets ?
		No
		Yes (report endowment assets)

4. Intercollegiate Athletics
a) If your institution participates in intercollegiate athletics, are the expenses accounted for as auxiliary enterprises or treated as student services?
		Auxiliary enterprises
		Student services
		Does not participate in intercollegiate athletics
		Other (specify in box below)
b) If your institution participates in intercollegiate athletics, indicate the category where these revenues are included (check all that apply):
		Sales and services of educational activities
		Sales and services of auxiliary enterprises
		Does not have intercollegiate athletics revenue
		Other (specify in box below)

5. Does your institution account for Pell grants as pass through transactions (a simple payment on the student's account) or as federal grant revenues to the institution?
		Pass through (agency)
		Federal grant revenue
		Does not award Pell grants

You may use the box below to provide additional context for the data you have reported above. Context notes will be posted on the College Navigator website. Therefore, you should write all context notes using proper grammar (e.g., complete sentences with punctuation) and common language that can be easily understood by students and parents (e.g., spell out acronyms).