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ObjectId: 202321289349301232 - Submission: 2023-05-08
TIN: 52-0595110
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
Name of the organization
JOHNS HOPKINS UNIVERSITY
Employer identification number
52-0595110
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a)
Donor advised funds
(b)
Funds and other accounts
1
Total number at end of year
.........
2
0
2
Aggregate value of contributions to (during year)
0
0
3
Aggregate value of grants from (during year)
0
0
4
Aggregate value at end of year
........
153,696
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control?
............
Yes
No
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit?
...................................
Yes
No
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
Preservation of land for public use (e.g., recreation or education)
Preservation of an historically important land area
Protection of natural habitat
Preservation of a certified historic structure
Preservation of open space
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a
Total number of conservation easements
......................
2a
b
Total acreage restricted by conservation easements
....................
2b
c
Number of conservation easements on a certified historic structure included in (a)
.....
2c
d
Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register
...
2d
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year
4
Number of states where property subject to conservation easement is located
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds?
............
Yes
No
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
$
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)?
.............................
Yes
No
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1
.........................
$
(ii)
Assets included in Form 990, Part X
...............................
$
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1
..........................
$
b
Assets included in Form 990, Part X
...............................
$
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021
Page 2
Schedule D (Form 990) 2021
Page
2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets
(continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
Public exhibition
d
Loan or exchange programs
b
Scholarly research
e
Other
c
Preservation for future generations
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?
...
Yes
No
Part IV
Escrow and Custodial Arrangements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X?
....................................
Yes
No
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c
Beginning balance
.............................
1c
d
Additions during the year
............................
1d
e
Distributions during the year
..........................
1e
f
Ending balance
................................
1f
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
...
Yes
No
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII
....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)
Current year
(b)
Prior year
(c)
Two years back
(d)
Three years back
(e)
Four years back
1a
Beginning of year balance
....
9,315,279,000
6,750,092,000
6,275,939,000
4,190,520,000
3,744,751,000
b
Contributions
...
256,038,000
216,272,000
574,033,000
2,095,842,000
298,290,000
c
Net investment earnings, gains, and losses
-963,185,000
2,693,570,000
224,432,000
186,347,000
330,965,000
d
Grants or scholarships
...
121,369,000
116,377,000
109,958,000
30,735,000
29,754,000
e
Other expenditures for facilities
and programs
...
175,404,000
164,765,000
153,910,000
128,533,000
118,923,000
f
Administrative expenses
....
66,887,000
63,513,000
60,444,000
37,502,000
34,809,000
g
End of year balance
......
8,244,472,000
9,315,279,000
6,750,092,000
6,275,939,000
4,190,520,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment
14.200 %
b
Permanent endowment
64.900 %
c
Term endowment
20.900 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:
Yes
No
(i)
Unrelated organizations
.................
3a(i)
Yes
(ii)
Related organizations
.................
3a(ii)
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R?
.........
3b
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property
(a)
Cost or other basis
(investment)
(b)
Cost or other basis (other)
(c)
Accumulated depreciation
(d)
Book value
1a
Land
.....
130,717,000
130,717,000
b
Buildings
....
4,066,694,000
2,297,355,000
1,769,339,000
c
Leasehold improvements
123,473,000
93,802,000
29,671,000
d
Equipment
....
1,332,438,000
1,078,487,000
253,951,000
e
Other
.....
1,155,307,000
300,986,000
854,321,000
Total.
Add lines 1a through 1e.
(Column (d) must equal Form 990, Part X, column (B), line 10(c).)
..
3,037,999,000
Schedule D (Form 990) 2021
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Schedule D (Form 990) 2021
Page
3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b.
See Form 990, Part X, line 12.
(a)
Description of security or category
(including name of security)
(b)
Book value
(c)
Method of valuation:
Cost or end-of-year market value
(1)
Financial derivatives
.........
(2)
Closely-held equity interests
........
(3)
Other
(A)
CASH AND EQUIVALENTS
381,017,000
F
(B)
PRIVATE EQUITY AND VENTURE CAPITAL
2,241,229,000
F
(C)
REAL PROPERTY ASSETS
1,038,629,000
C
(D)
ABSOLUTE RETURN FUNDS
2,523,117,000
F
(E)
INVESTMENTS IN AFFILIATES
263,436,000
F
(E)
(F)
(G)
(H)
Total.
(Column (b) must equal Form 990, Part X, col. (B) line 12.)
6,447,428,000
Part VIII
Investments - Program Related.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c.
See Form 990, Part X, line 13.
(a)
Description of investment
(b)
Book value
(c)
Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 13.)
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d.
See Form 990, Part X, line 15.
(a)
Description
(b)
Book value
(1)
LOANS TO AFFILIATES
90,003,000
(2)
MCIC MALPRACTICE INSURANCE RECOVERIES RECEIVABLE
81,583,000
(3)
MCIC INVESTMENT
76,518,000
(4)
INTERESTS IN TRUSTS AND ENDOWMENTS HELD BY OTHERS
129,701,000
(5)
DEFERRED COMPENSATION
159,293,000
(6)
OPERATING RIGHT OF USE ASSETS
202,221,000
(7)
OTHER ASSETS
5,701,000
(8)
CMSC PREPAID LEASE
43,167,000
(9)
POST RETIREMENT ASSETS
161,644,000
(9)
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 15.)
...........
949,831,000
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f.
See Form 990, Part X, line 25.
1.
(a)
Description of liability
(b)
Book value
(1)
Federal income taxes
PENSION & POST-RETIREMENT OBLIGATIONS
126,924,000
SWAP-MARKET VALUE ADJUSTMENT
9,595,000
DEFERRED COMPENSATION LIABILITIES
156,895,000
MCIC MEDICAL MALPRACTICE LIABILITY
194,581,000
GOVERNMENT LOAN FUND ADVANCES
13,165,000
OTHER LIABILITIES
15,054,000
DUE TO AFFILIATE
91,045,000
OPERATING LEASE LIABILITIES
222,377,000
Total.
(Column (b) must equal Form 990, Part X, col.(B) line 25.)
829,636,000
2.
Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021
Page 4
Schedule D (Form 990) 2021
Page
4
Part XI
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1
Total revenue, gains, and other support per audited financial statements
.......
1
6,741,161,000
2
Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a
Net unrealized gains (losses) on investments
....
2a
-1,538,250,000
b
Donated services and use of facilities
.........
2b
16,756,000
c
Recoveries of prior year grants
...........
2c
d
Other (Describe in Part XIII.)
...........
2d
355,924,000
e
Add lines
2a
through
2d
.....................
2e
-1,165,570,000
3
Subtract line
2e
from line
1
..................
3
7,906,731,000
4
Amounts included on Form 990, Part VIII, line 12, but not on line
1
:
a
Investment expenses not included on Form 990, Part VIII, line 7b
.
4a
25,760,000
b
Other (Describe in Part XIII.)
...........
4b
501,845,000
c
Add lines
4a
and
4b
....................
4c
527,605,000
5
Total revenue. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 12.)
......
5
8,434,336,000
Part XII
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1
Total expenses and losses per audited financial statements
...........
1
7,135,478,000
2
Amounts included on line 1 but not on Form 990, Part IX, line 25:
a
Donated services and use of facilities
.........
2a
10,500,000
b
Prior year adjustments
............
2b
c
Other losses
................
2c
d
Other (Describe in Part XIII.)
...........
2d
354,270,000
e
Add lines
2a
through
2d
....................
2e
364,770,000
3
Subtract line
2e
from line
1
...................
3
6,770,708,000
4
Amounts included on Form 990, Part IX, line 25, but not on line
1:
a
Investment expenses not included on Form 990, Part VIII, line 7b
..
4a
25,760,000
b
Other (Describe in Part XIII.)
...........
4b
505,289,000
c
Add lines
4a
and
4b
.....................
4c
531,049,000
5
Total expenses. Add lines
3
and
4c.
(This must equal Form 990, Part I, line 18.)
......
5
7,301,757,000
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference
Explanation
PART III, LINE 1A:
CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED.
PART III, LINE 4:
THE ARTHUR FRIEDHEIM LIBRARY AT THE PEABODY INSTITUTE CONTAINS RARE BOOKS, SCORES, AND MANUSCRIPTS FROM AS EARLY AS THE 17TH CENTURY. HIGHLIGHTS INCLUDE BEETHOVEN'S MANUSCRIPT FOR "DA IST DAS WERK" (WOO 197), MUSIC AND CORRESPONDENCE WITH DIRECT LINKS TO BALTIMORE, AND LETTERS PENNED BY MENDELSSOHN, LISZT, LANDOWSKA, BLOCH, GRIEG, DICKENS, AND EMERSON. THE ARCHIVES OF THE LIBRARY HOLDS THE HISTORICAL RECORDS OF THE INSTITUTE DATING TO ITS FOUNDING IN 1857, INCLUDING 20,000 RECORDINGS OF PEABODY PERFORMANCES. IN ADDITION, THE ARCHIVES HOLD MORE THAN 200 SPECIAL COLLECTIONS RELATED TO MUSIC AND BALTIMORE HISTORY, INCLUDING RARE MATERIALS ON ROSA PONSELLE, ENRICO CARUSO, PHYLLIS BRYN-JULSON, LEON FLEISHER, CHARLIE BYRD, AND JOHN PENDLETON KENNEDY. THE PEABODY ARCHIVES, THE WILLIAM F. LUCAS & FAMILY PAPERS, THE PHYLLIS BRYN-JULSON COLLECTION, AND THE CHARLIE BYRD COLLECTION ARE ALL HOUSED AT THE PEABODY INSTITUTE OF THE JOHNS HOPKINS UNIVERSITY. THE UNIVERSITY'S EVERGREEN MUSEUM AND LIBRARY HAS FIVE LIBRARY SPACES THAT, TOGETHER, FORM THE JOHN WORK GARRETT LIBRARY OF THE UNIVERSITY'S SHERIDAN LIBRARIES AND CONTAIN COLLECTIONS OF RARE BOOKS, LITERARY WORKS, EARLY MANUSCRIPTS, PAINTINGS, DRAWINGS, ARTIFACTS AND ONE OF THE LARGEST PRIVATE COLLECTIONS OF INCUNABULA IN THE UNITED STATES (BOOKS PRINTED PRIOR TO 1501). THE APPROXIMATELY THIRTY PERIOD ROOMS CONTAIN FINE AND DECORATIVE ARTS REPRESENTING A RANGE OF ARTISTIC STYLES POPULAR WITH AFFLUENT AMERICAN COLLECTORS FROM THE SECOND HALF OF THE NINETEENTH CENTURY AND FIRST HALF OF THE TWENTIETH CENTURY. EVERGREEN'S MUSEUM COLLECTIONS ESPECIALLY CONCENTRATE IN ART GLASS, MODERNIST ARTISTS, AND JAPANESE NETSUKE AND INRO. THE MUSEUM INCLUDES THE ONLY EXTANT PRIVATE THEATRE IN BALTIMORE AND TWO ADDITIONAL INTERIORS DESIGNED BY BALLET RUSSES' TASTEMAKER AND CELEBRATED MODERNIST ARTIST LON BAKST (1866-1924). THE UNIVERSITY'S HOMEWOOD MUSEUM, THE ONE-TIME COUNTRY ESTATE OF CHARLES CARROLL OF HOMEWOOD (1775-1825) AND HIS WIFE HARRIET CHEW CARROLL (1775-1861) HOUSES A PERMANENT COLLECTION OF NINETEENTH CENTURY DECORATIVE ARTS. THE MAJORITY OF THE COLLECTION IS AMERICAN, WITH A STRONG CONCENTRATION IN FEDERAL-ERA BALTIMORE FURNITURE. IN ADDITION, THE COLLECTION CONTAINS ENGLISH CERAMICS, SILVER, AND FURNITURE, AS WELL AS ITEMS OF CHINESE AND FRENCH MANUFACTURE, THAT ARE REFLECTIVE OF THE IMPORTS AVAILABLE IN EARLY-19TH CENTURY BALTIMORE. THE UNIVERSITY MAINTAINS OTHER SPECIALIZED COLLECTIONS IN MEDICINE, INTERNATIONAL AFFAIRS, MUSIC, AND EARTH AND SPACE SCIENCE THAT ARE LOCATED ACROSS ITS CAMPUSES. THE COLLECTIONS THAT HAVE BEEN DESCRIBED PROVIDE CULTURAL VALUE AND INVALUABLE RESOURCES TO BE USED FOR EDUCATION, RESEARCH, AND TEACHING WITHIN THE JOHNS HOPKINS UNIVERSITY COMMUNITY AS WELL AS ITS SURROUNDING ENVIRONMENT.
PART IV, LINE 2B:
THE UNIVERSITY HAS ENTERED INTO SEPARATE AGREEMENTS WITH THE JOHNS HOPKINS HOSPITAL ENDOWMENT FUND, INC. (JHHEFI),THE EVERGREEN HOUSE FOUNDATION (EHF) AND THE ROBERT GARRETT FUND FOR SURGICAL TREATMENT OF CHILDREN (GARRETT) WHEREBY THOSE ENTITIES TRANSFERRED FUNDS TO THE UNIVERSITY TO INVEST IN THE UNIVERSITY'S ENDOWMENT INVESTMENT POOL (EIP); THE UNIVERSITY MANAGES THESE ASSETS ON THEIR BEHALF. THE FUNDS ARE INVESTED WITH OTHER UNIVERSITY ASSETS IN THE UNVERSITY'S NAME AND TITLE, AND IN ACCORDANCE WITH THE UNIVERSITY'S EIP INVESTMENT POLICIES AND OBJECTIVES. JHHEFI, EHF, AND GARRETT RECEIVE PAYOUTS AND MAY REQUEST WITHDRAWALS AS SPECIFIED IN THE AGREEMENTS. THE ASSETS ARE INCLUDED IN INVESTMENTS ON THE BALANCE SHEET.
PART V, LINE 4:
THE INTENDED USE OF THE UNIVERSITY'S ENDOWMENT FUNDS INCLUDE FACULTY SUPPORT, RESEARCH & INSTRUCTION, SCHOLARSHIP SUPPORT AND PROGRAM SUPPORT. THE UNIVERSITY HAS ADOPTED INVESTMENT POLICIES FOR ITS ENDOWMENT, INCLUDING BOARD-DESIGNATED FUNDS, THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING IN SUPPORT OF THE OPERATING BUDGET, WHILE SEEKING TO PRESERVE THE REAL VALUE OF THE ENDOWMENT ASSETS OVER TIME. THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY UNDER WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH APPRECIATION (REALIZED AND UNREALIZED) AND YIELD (INTEREST AND DIVIDENDS).
PART X, LINE 2:
THE UNIVERSITY ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:
AFFILIATE ACTIVITY NOT INCLUDED IN FORM 990 352,708,000. JOINT VENTURE INCOME 3,216,000.
PART XI, LINE 4B - OTHER ADJUSTMENTS:
FINANCIAL AID 491,390,000. NET GAIN ON DISPOSAL OF ASSETS 10,455,000.
PART XII, LINE 2D - OTHER ADJUSTMENTS:
LOSSES ON DISPOSALS OF ASSETS 1,037,000. AFFILIATE ACTIVITY NOT INCLUDED IN FORM 990 342,050,000. OTHER FIN-47 ASSET RETIREMENT OBLIGATIONS 81,000. OTHER NET PERIOD BENEFIT COSTS 11,102,000.
PART XII, LINE 4B - OTHER ADJUSTMENTS:
FINANCIAL AID 491,390,000. APL VEBA TRUST TRANSFERS 9,567,000. DEFERRED TAX ASSET 3,981,000. FASB 842 LEASE RECLASS 26,000. OTHER NON-OPERATING EXPENSES 325,000.
SCHEDULE D, PART XI, LINE 1:
RECONCILIATION OF TOTAL REVENUE PER AUDITED FINANCIAL STATEMENTS TOTAL OPERATING REVENUES $7,446,395,000 NON-OPERATING CONTRIBUTIONS 782,805,000 NON-OPERATING INVESTMENT RETURN (1,387,961,000) NET ASSETS RELEASED FROM RESTRICTION (100,078,000) -------------- TOTAL REVENUE [PART XI,LINE 1] $6,741,161,000
SCHEDULE D, PART XII, LINE 1:
RECONCILIATION OF TOTAL EXPENSES PER AUDITED FINANCIAL STATEMENTS TOTAL OPERATING EXPENSES $7,135,478,000 -------------- TOTAL EXPENSES [PART XII, LINE 1] $7,135,478,000
Schedule D (Form 990) 2021
Additional Data
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