THE CHANCELLOR MASTERS AND SCHOLARS Of the University of Cambridge

EIN: 131599108 501(c)(3)
Total Revenue
$3,497,010,833
Total Expenses
$3,490,739,608
Total Assets
$13,973,069,287
Net Assets
$10,162,286,856
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1208
Phone
8453537500
Tax Period
2024-08-01 to 2025-07-31

THE CHANCELLOR MASTERS AND SCHOLARS Of the University of Cambridge, founded in 1208, is a large national nonprofit that reported $3.5B in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $10.2B represent 35 months of operating reserves.

Mission

THE MISSION OF THE UNIVERSITY OF CAMBRIDGE IS TO CONTRIBUTE TO SOCIETY THROUGH THE PURSUIT OF EDUCATION, LEARNING, AND RESEARCH AT THE HIGHEST INTERNATIONAL LEVELS OF EXCELLENCE. ORGANIZATIONALLY, WE ACHIEVE THIS THROUGH TWO DIVISIONS COMPRISING: 1) THE ACADEMIC UNIVERSITY - WHICH UNDERTAKES OVER 4,000 RESEARCH PROJECTS ANNUALLY, PROVIDES EDUCATION TO APPROXIMATELY 24,000 STUDENTS ALONG WITH A RANGE OF OTHER ACTIVITIES COMPLEMENTING ITS ACADEMIC MISSION. 2) CAMBRIDGE UNIVERSITY PRESS AND ASSESSMENT WHICH PROMOTES EDUCATIONAL EXCELLENCE AND HIGH QUALITY LEARNING THROUGH GLOBAL PUBLISHING AND RELATED SERVICES AND THE DEVELOPMENT, USE AND APPLICATION OF ASSESSMENT AND EXAMINATION.

Program Service Accomplishments

Program 1
Expenses: $969,914,770 Revenue: $490,030,857

RESEARCH

Program 2
Expenses: $806,295,728 Revenue: $574,945,028

TEACHING

Program 3
Expenses: $741,560,156 Revenue: $678,564,660

EXAMINATIONS AND ASSESSMENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,018,002,496
Program Service Revenue $2,209,053,203
Investment Income $101,147,873
Other Revenue $168,807,261
TOTAL REVENUE $3,497,010,833

Expense Breakdown

Grants Paid $193,304,390
Salaries & Benefits $1,455,614,899
Fundraising Expenses $22,514,907
Program Expenses $3,027,075,790
Other Expenses $1,841,820,319
TOTAL EXPENSES $3,490,739,608

Year-over-Year Comparison

2024 2023 Change
Revenue $3,497,010,833 $3,074,841,004 +0.1%
Expenses $3,490,739,608 $2,612,163,228 +0.3%
Net Income $6,271,225 $462,677,776 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
25
Independent Members
16
Employees
201
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,131,030
Total Directors
36
$3,410,118
Key Employees
4
$2,718,373
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Professor Deborah Prentice Vice-Chancellor 40.0
Officer Director
$491,760 $107,884 $599,644
Baronness Sally Morgan Council Member 1.0
Director
$0 $0 $0
Dr Diarmuid O'Brien Pro-Vice-Chancellor (Innovation) 40.0
Director
$235,712 $51,711 $287,423
Dr Ella McPherson University Associate Professor (Grade 10) 40.0
Director
$101,526 $23,532 $125,058
Dr Louise Joy Council Member 1.0
Director
$0 $0 $0
Dr Michael Sewell Council Member 1.0
Director
$0 $0 $0
Dr Pieter van Houten University Associate Professor (Grade 10) 40.0
Director
$83,443 $18,223 $101,666
Dr Scott Mandelbrote Council Member 1.0
Director
$0 $0 $0
Dr Zoe Adams Council Member 1.0
Director
$0 $0 $0
Lord Sainsbury of Turville Council Member 1.0
Director
$0 $0 $0
Mr Alex Myall Council Member 1.0
Director
$0 $0 $0
Mr Fergus Kirman Council Member 1.0
Director
$0 $0 $0
Mr Sam Carling Council Member 1.0
Director
$0 $0 $0
Mr Sumouli Bhattacharjee Council Member 1.0
Director
$0 $0 $0
Mr Vareesh Pratap Council Member 1.0
Director
$0 $0 $0
Mrs Heather Hancock Council Member 1.0
Director
$0 $0 $0
Mrs John Dix Council Member 1.0
Director
$0 $0 $0
Ms Gaenor Bagley Council Member 1.0
Director
$0 $0 $0
Ms Margaret Bodfish Secretary of the School of the Biological Sciences 40.0
Director
$100,464 $42,557 $143,021
Ms Sarah Anderson Council Member 1.0
Director
$0 $0 $0
Ms Sharon Flood Council Member 1.0
Director
$0 $0 $0
Professor Alan Short Council Member 1.0
Director
$0 $0 $0
Professor Alex Halliday Council Member 1.0
Director
$0 $0 $0
Professor Andrew Neely Professor of Manufacturing Engineering (1960) 40.0
Director
$201,130 $4,588 $205,718
Professor Andrew Wathey Council Member 1.0
Director
$0 $0 $0
Professor Anna Philpott Pro-Vice-Chancellor (Resources and Operations) (AS OF 10/24) 40.0
Director
$184,526 $40,482 $225,008
Professor Anne Ferguson-Smith Arthur Balfour Professor of Genetics (1912) 40.0
Director
$161,075 $0 $161,075
Professor Bhaskar Vira Senior Pro-Vice-Chancellor 40.0
Director
$215,318 $47,167 $262,485
Professor Dame Madeleine Adams Council Member 1.0
Director
$0 $0 $0
Professor David Cardwell Professor of Superconducting Engineering (2003) 40.0
Director
$211,783 $46,365 $258,148
Professor Jason Scott-Warren Professor of Early Modern Literature and Culture 40.0
Director
$96,498 $21,101 $117,599
Professor John Aston Pro-Vice-Chancellor (Research) 40.0
Director
$158,388 $52,735 $211,123
Professor Kamal Munir Senior Pro-Vice-Chancellor 40.0
Director
$269,025 $47,167 $316,192
Professor Philippa Rogerson Professor of Private International Law (Grade 11) 40.0
Director
$41,126 $9,517 $50,643
Professor Richard Mortier Professor of Computing and Human-Data Interaction 40.0
Director
$97,994 $22,784 $120,778
Professor Sharon Peacock Professor of Public Health and Microbiology (2019) 40.0
Director
$224,537 $0 $224,537
Mr Anthony Odgers Unestablished Chief Financial Officer 40.0
Officer
$531,386 $0 $531,386
Mr Andrew Chandler Chief Executive - CUP&A 40.0
Key Emp
$959,549 $0 $959,549
Mr Peter Phillips CFO - CUP&A 40.0
Key Emp
$956,852 $0 $956,852
Ms Vanessa McPhee CFO - CUP&A 40.0
Key Emp
$390,358 $0 $390,358
Professor Patrick Maxwell Professor of Physic (Regius) (1540) 40.0
Key Emp
$411,614 $0 $411,614
Mr Mark Maddocks CIO - CUP&A 40.0
Highest
$465,472 $0 $465,472
Mr Rodrick Smith Managing Director - International Education 40.0
Highest
$482,614 $0 $482,614
Ms Christopher Marquis Sinyi Professor of Chinese Management (1997) 40.0
Highest
$372,454 $71,877 $444,331
Ms Kishore Sengupta Professor of Operations Management (Grade 11) 40.0
Highest
$416,346 $36,142 $452,488
Professor Stylianos Kavadias Margaret Thatcher Professor of Enterprise Studies 40.0
Highest
$522,917 $65,235 $588,152
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,497,010,833 $3,490,739,608 $13,973,069,287 $6,271,225
2024 $3,074,841,004 $2,612,163,228 $12,598,933,952 $462,677,776
2023 $2,798,495,639 $2,652,122,859 $11,595,387,177 $146,372,780
2022 $2,629,954,773 $2,745,530,878 $12,451,790,567 $-115,576,105
2021 $2,731,848,993 $2,569,776,655 $12,568,991,314 $162,072,338
2020 $2,478,881,518 $2,286,821,007 $10,346,916,916 $192,060,511
2019 $2,624,960,196 $2,744,584,604 $10,592,619,928 $-119,624,408
2018 $2,445,470,286 $2,371,462,102 $10,619,550,272 $74,008,184