l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93493074000075 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 ( c), 527, or 4947 ( a)(1) of the Internal Revenue Code (except private foundations) 2O1 3 Do not enter Social Security numbers on this form as it may be made public By law, the IRS Department of the Treasury Open generally cannot redact the information on the form Internal Revenue Service Inspection - Information about Form 990 and its instructions is at www.IRS.gov/form990 For the 2013 calendar year, or tax year beginning 08-01-2013 , 2013, and ending 07-31-2014 C Name of organization B Check if applicable D Employer identification number THE CHANCELLOR MASTER AND SCHOLARS fl Address change OF THE UNIVERSITY OF CAMBRIDGE 13-1599108 Doing Business As F Name chang e THE UNIVERSITY OF CAMBRIDGE fl Initial return Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number THE OLD SCHOOLS TRINITY LANE p Terminated (845)353-7500 (- Amended return City or town, state or province, country, and ZIP or foreign postal code CAMBRIDGE, CAMBRIDGESHIRE 1 Application pending United Kingdom (England, Northern Ireland, Scotland, and Wales) G Gross receipts $ 2,149,204,007 F Name and address of principal officer H(a) Is this a group return for KERRY SYKES subordinates? (-Yes No THE OLD SCHOOLS TRINITY LANE CAMBRIDGESHIRE H(b) Are all subordinates 1 Yes (- No U K included? I Tax-exempt status F 501(c)(3) 1 501(c) ( ) I (insert no (- 4947(a)(1) or F_ 527 If "No," attach a list (see instructions) J Website : - WWW CAM AC UK H(c) Group exemption number 0- K Form of organization F Corporation 1 Trust F_ Association (- Other 0- L Year of formation 1208 M State of legal domicile UK Summary 1 Briefly describe the organization's mission or most significant activities THE MISSION OFTHE UNIVERSITY OF CAMBRIDGE IS TO CONTRIBUTE TO SOCIETY THROUGH THE PURSUIT OF EDUCATION, LEARNING, AND RESEARCH AT THE HIGHEST INTERNATIONAL LEVELS OF EXCELLENCE ORGANISATIONALLY, WE ACHIEVE THIS THROUGH THREE DIVISIONS COMPRISING 1)THE ACADEMIC UNIVERSITY - WHICH UNDERTAKES OVER 4,000 RESEARCH PROJECTS ANNUALLY, PROVIDES EDUCATION TO APPROXIMATELY 19,000 STUDENTS ALONG WITH A RANGE OF OTHER ACTIVITIES COMPLEMENTING ITS ACADEMIC MISSION 2) CAMBRIDGE ASSESSMENT WHICH PROMOTES EDUCATIONAL EXCELLENCE AND HIGH QUALITY LEARNING THROUGH THE DEVELOPMENT USE AND APPLICATION OF ASSESSMENT AND EXAMINATION, AND 3)CAMBRIDGE UNIVERSITY tG PRESS WHICH DISSEMINATES KNOWLEDGE IN THE PURSUIT OF EDUCATION LEARNING AND RESEARCH AT THE HIGHEST INTERNATIONAL LEVELS OF EXCELLENCE THROUGH GLOBAL PUBLISHING AND RELATED SERVICES 2 Check this box Of- if the organization discontinued its operations or disposed of more than 25% of its net assets 3 Number of voting members of the governing body (Part VI, line 1a) . 3 25 4 Number of independent voting members of the governing body (Part VI, line 1b) . 4 7 5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) . 5 12,333 6 Total number of volunteers (estimate if necessary) 6 7aTotal unrelated business revenue from Part VIII, column (C), line 12 . 7a 17,318 b Net unrelated business taxable income from Form 990-T, line 34 . 7b 16,318 Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) . 611,205,420 529,089,195 9 Program service revenue (Part VIII, line 2g) . 1,469,368,684 1,468,930,881 N 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) . 28,147,980 31,228,665 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 134,591,898 117,812,688 12 Total revenue-add lines 8 through 11 (must equal Part VIII, column (A), line 12) . 2,243,313,982 2,147,061,429 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) . 11,535,738 12,061,611 14 Benefits paid to or for members (Part IX, column (A), line 4) . 0 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 956,480,968 944,141,293 16a Professional fundraising fees (Part IX, column (A), line 11e) 0 b Total fundraising expenses (Part IX, column (D), line 25) 0-0 LLJ 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) . 1,139,055,128 1,137,478,515 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 2,107,071,834 2,093,681,419 19 Revenue less expenses Subtract line 18 from line 12 136,242,148 53,380,010 Beginning of Current End of Year Year -A 20 Total assets (Part X, line 16) 7,310,373,014 7,031,015,722 %TS 21 Total liabilities (Part X, line 26) . 3 257 501 478 3 086 969 206 ap U. 22 Net assets or fund balances Subtract line 21 from line 20 lijaW Signature Block Under penalties of perjury, I declare that I have examined this return, includin my knowledge and belief, it is true, correct, and complete Declaration of preps preparer has any knowledge Signature of officer Sign Here KERRY SYKES DEPUTY DIRECTOR - FINANCE Type or print name and title Print/Type preparer's name Preparers signature JONATHAN FRANCIS Paid Firm's name 1- CIRILLO FRANCIS & CIRILLO CPA'S Pre pare r Use Only Firm's address 1-127 WOODSIDE AVE STE 203 BRIARCLIFF MANOR, NY 105101467 May the IRS discuss this return with the preparer shown above? (see instructs For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2013) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III .F 1 Briefly describe the organization 's mission THE MISSION OFTHE UNIVERSITY OF CAMBRIDGE IS TO CONTRIBUTE TO SOCIETY THROUGH THE PURSUIT OF EDUCATION, LEARNING, AND RESEARCH AT THE HIGHEST INTERNATIONAL LEVELS OF EXCELLENCE ORGANISATIONALLY, WE ACHIEVE THIS THROUGH THREE DIVISIONS COMPRISING 1)THE ACADEMIC UNIVERSITY - WHICH UNDERTAKES OVER 4,000 RESEARCH PROJECTS ANNUALLY, PROVIDES EDUCATION TO APPROXIMATELY 19,000 STUDENTS ALONG WITH A RANGE OF OTHER ACTIVITIES COMPLEMENTING ITS ACADEMIC MISSION 2)CAMBRIDGE ASSESSMENT WHICH PROMOTES EDUCATIONAL EXCELLENCE AND HIGH QUALITY LEARNING THROUGH THE DEVELOPMENT USE AND APPLICATION OF ASSESSMENT AND EXAMINATION, AND 3)CAMBRIDGE UNIVERSITY PRESS WHICH DISSEMINATES KNOWLEDGE IN THE PURSUIT OF EDUCATION LEARNING AND RESEARCH AT THE HIGHEST INTERNATIONAL LEVELS OF EXCELLENCE THROUGH GLOBAL PUBLISHING AND RELATED SERVICES 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ7 . fl Yes F 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? . F Yes F 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 $ 658,094,248 including grants of $ ) (Revenue $ 380,053,990 RESEARCH 4b (Code ) ( Expenses $ 332,835,813 including grants of $ ) (Revenue $ 339,251,251 PUBLISHING AND PRINTING 4c (Code ) ( Expenses $ 311,657,490 including grants of $ ) (Revenue $ 419,945,288 EXAMINATIONS AND ASSESSMENTS (Code ) ( Expenses $ 227,788,685 including grants of $ 12,061,611 (Revenue $ 329,680,352 TEACHING HEALTH RELATED ACTIVITY 4d Other program services ( Describe in Schedule 0 (Expenses $ 227,788,685 including grants of $ 12,061,611 ) ( Revenue $ 329 ,680,352 4e Total program service expenses 0- 1,530,376,236 Form 990 (2013) Form 990 (2013) 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 As . 1 2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? . 2 No 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 . 3 4 Section 501 ( c)(3) organizations . Did the organization engage in lobbying activities, or have a section 501(h) No election in effect during the tax year? If "Yes,"complete Schedule C, Part II . 4 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? If "Yes," complete Schedule C, N o Part III . 5 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? If "Yes,"complete N o Schedule D, Part Is . 6 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, No the environment, historic land areas, or historic structures? If "Yes,"complete Schedule D, Part II . 7 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," Yes complete Schedule D, Part III . 8 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 No negotiation services? If "Yes," complete Schedule D, Part IV .