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l efile GRAPHIC p rint - DO NOT PROCESS I As Filed Data - I DLN: 93493195004117 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 ij Under section 501 ( c), 527, or 4947 ( a)(1) of the Internal Revenue Code ( except private foundations) 2 p 1 5 Do not enter social security numbers on this form as it may be made public _ Department of the ► Treasury Information about Form 990 and its instructions is at www IRS gov/form990 ► Inspection Internal Revenue Service A For the 2015 calendar ear, or tax e inning 09-01-2015 , and ending 08-31-2016 C Name of organization B Check if applicable D Employer identification number EMORY UNIVERSITY Address change 58-0566256 CAROL KISSAL F Name change % Doing business as Initial return F_ Final E Telephone number return/terminated Number and street (or P 0 box if mail is not delivered to street addre5 1599 CLIFTON ROAD 3RD FLOOR Suite [Amended return (404)727-2827 [Application Pending City or town, state or province, country, and ZIP or foreign postal code ATLANTA, GA 30322 I I G Gross receipts $ 3,590,027,938 F Name and address of principal officer H(a) Is this a group return for Claire E Sterk PRESIDENT subordinates? [ Yes 1599 CLIFTON ROAD 3RD FLOOR No ATLANTA,GA 30322 H(b) Are all subordinates I Tax - exempt status IYes [ No 1 501(c)(3) F_ 501( c) ( ) 1 (insert no ) F_ 4947(a)(1) or F 527 included? If"No," attach a list (see instructions) 3 Website : http // www emory edu ► H(c) GrouD exemption number ► L Year of formation 1836 1 M State of legal domicile GA K Form of organization [ Corporation [ Trust [ Association [ Other ► © Summary 1Briefly describe the organization's mission or most significant activities EMORY UNIVERSITY'S MISSION IS TO CREATE, PRESERVE, TEACH, AND APPLY KNOWLEDGE IN THE SERVICE OF HUMANITY AND TO PROVIDE EXCELLENCE IN PATIENT CARE V ti 7 2 Check this box ► F- if the organization discontinued its operations or disposed of more than 25% of its net assets L5 3 Number of voting members of the governing body (Part VI, line 1a) . 3 42 4 Number of independent voting members of the governing body (Part VI, line 1b) . 4 41 5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) . 5 22,394 V Q 6 Total number of volunteers (estimate if necessary) . 6 8,016 7a Total unrelated business revenue from Part VIII, column (C), line 12 . 7a 9,073,253 b Net unrelated business taxable income from Form 990-T, line 34 . 7b -500,095 Prior Year Current Year 8 Contributions and grants (Part VIII, line Ih) . 585,280,325 639,959,619 9 Program service revenue (Part V I I I , l i n e 2g) . 2,479,177,894 2,707,575,268 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) . 441,424,302 214,945,951 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and l le) 20,043,448 27,080,339 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 3,525,925,969 3,589,561,177 12) 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3 . 297,011,511 325,385,430 14 Benefits paid to or for members (Part IX, column (A ), line 4) . 0 0 Salaries, other compensation, employee benefits (Part IX, column (A ), lines 15 1,647,450,509 1,733,799,836 5-10) 16a Professional fundraising fees (Part IX, column (A), line 11e) 0 415,090 aC b Total fundraising expenses (Part IX, column (D), line 25) p21,383,589 LIJ 17 Other expenses (Part IX, column (A), lines I1a-11d, lif-24e) . 1,336,216,107 1,418,841,279 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 3,280,678,127 3,478,441,635 19 Revenue less expenses Subtract line 18 from line 12 . 245,247,842 111,119,542 8 T Beginning of Current Year End of Year 20 Total assets (Part X , l i n e 1 6 ) . 11,894,060,482 12,265,793,650 Q m 21 Total l i a b i l i t i e s (Part X , l i n e 2 6 ) . 3,874,437,717 4,069,016,892 Z1 22 Net assets or fund balances Subtract line 21 from line 20 8,019,622,765 8,196,776,758 0TWO Si g nature Block Under penalties of perjury, I declare that I have examined this return, include my knowledge and belief, it is true, correct, and complete Declaration of pre preparer has any knowledge Signature of officer Sign Here CAROL KISSAL VP-Finance/CFO Type or print name and title Print/Type preparer's name Preparer's signature ALLISON H FRANKLIN CPA ALLISON H FRANKLIN CPA Paid Preparer Firm's name ► KPMG LLP Firm's address 300 NORTH GREENE STREET SUITE 400 Use Only ► GREENSBORO, NC 27401 May the IRS discuss this return with the preparer shown above? (see instruc For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2015) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III W/ 1 Briefly describe the organization's mission SEE SCHEDULE 0 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . EYes [No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? . Eyes [No If "Yes," describe these changes on Schedule 0 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported 4a (Code ) (Expenses $ 1,721,472,367 including grants of $ 325,385,430 (Revenue $ 921,016,572 See Additional Data 4b (Code ) (Expenses $ 776,352,912 including grants of $ 0 (Revenue $ 941,662,834 See Additional Data 4c (Code ) (Expenses $ 718,323,635 including grants of $ 0 (Revenue $ 833,796,585 See Additional Data 4d Other program services (Describe in Schedule 0 (Expenses $ including grants of $ ) (Revenue $ 4e Total program service expenses 00, 3,216,148,914 Form 990 (2015) Form 990 (2015) Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or4947(a)(1) (other than a private foundation)? If "Yes," Yes complete Schedule A Ij . 1 2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? IJ . 2 Yes 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to No candidates for public office? If "Yes," complete Schedule C, Part I Ij . 3 4 Section 501(c )( 3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II 1i . 4 Yes 5 Is the organization a section 501 (c)(4), 501(c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? 5 I I No If "Yes," complete Schedule C, Part III ij . 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? 6 No If "Yes," complete Schedule D, Part I ij . 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, 7 No the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Ij . 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? 8 Yes If "Yes," complete Schedule D, Part III ij . 9 Did the organization report an amount in Part X, line 21 for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt 9 No negotiation services?If "Yes," complete Schedule D, Part IV °4^ . 10 Did the organization , directly or through a related organization, hold assets in temporarily restricted endowments, 10 Yes permanent endowments , or quasi - endowments? If "Yes ," complete Schedule D, Part V ij . 11 If the organization 's answer to any of the following questions is "Yes ," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land , buildings, and equipment in Part X, line 10? Yes If "Yes, " complete Schedule D, Part VI ij . Sla b Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of Yes its total assets reported in Part X , line 167 If "Yes," complete Schedule D, Part VII . 11b c Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of No its total assets reported in Part X , line 167 If " Yes," complete Schedule D, Part VIII tj . 11c d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets No reported in Part X, line 16? If "Yes, " complete Schedule D, Part IX .
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