Financial overview of the year

IRIC is fortunate to be able to rely on several sources of revenue and funding from a variety of organizations and philanthropists. The support is vital to the pursuit of its mission, laboratory operations, equipment, salary support for the investigators and their teams, the development of research programs and the awarding of scholarships to the next generation of scientists.

Revenues
$59,188,787
Expenses
$46,420,689
Operating
Research
Capital assets
Total
Université de Montréal
$6,277,330
$4,305,699
 
$10,583,029
Grants
$3,159,440
$19,857,271
$972,689
$23,989,401
 
Student and postdoctoral awards
 
$1,340,523
 
$1,340,523
(1)
Chairs and salary awards
 
$981,258
 
$981,258
 
Contracts with industry
 
$18,875,633
 
$18,875,633
 
Core facilities – External clients
$1,403,856
 
 
 $1,403,856
(2)
Donations and sponsorships
$315,133
$997,308
 
$1,312,441
(3)
Other
$702,647
 
 
$702,647
 
TOTAL
$11,858,406
$46,357,691
$972,689  
$59,188,787
 
(1)
Includes the IRIC Great Challenges Against Cancer Scholarships, IRIC Members Ph.D. Awards, IRIC Next Generation Awards, and IRIC Awards
(2)
Excludes the amounts from IRIC investigators ($1,848,620), these being included in research grant revenues,
(3)
Solely donations and sponsorships received. Excludes the IRIC Great Challenges Against Cancer Scholarships, IRIC Members Ph.D. Awards, IRIC Next Generation Awards, and IRIC Awards
Operating
Research
Capital assets
Total
Salaries and employee benefits
$6,950,780
$22,816,458
 
$29,767,238
(4)
Supplies and services
$1,648,857
$8,017,347
 
$9,666,204
 
Maintenance and repairs
$3,220,762
$1,080,433
 
$4,301,195
 
Scientific equipment
$181,831
$1,531,531
$972,689
$2,686,052
 
TOTAL
$12,002,230
$33,445,770
$972,689
$46,420,689
 
(4)
Includes Principal Investigator salaries paid by the Université de Montréal