116 St. and 85 Ave.
Edmonton, AB T6G 2R3
President: Bill Flanagan
Board Chair: Kate Chisholm

Charitable Reg. #:10810 2831 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A+

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

93%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.



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OVERVIEW

About University of Alberta:

University of Alberta (U of A) is a public research university in Edmonton. It was founded in 1908 by Alexander Cameron Rutherford, the first premier of Alberta, and Henry Marshall Tory, its first president. U of A’s original campus sits atop the North Saskatchewan River valley, North America’s largest stretch of urban parkland. The university now has five campuses, including its original North Campus, a South Campus, a French-language campus, a downtown campus, and a rural liberal arts campus. U of A offers more than 200 undergraduate programs and 500 graduate programs.

In F2021, U of A spent 61% of program costs on academic programming, 28% on research, 6% on student and teaching awards, and 4% on ancillary services. During the 2019-2020 academic year, U of A had 40,649 enrolled students. This included 32,424 undergraduate students from 73 countries and 8,225 graduate students from 70 countries. Around 15% of undergraduate students and 40% of graduate students are international students. In total, University of Alberta offers 7,867 courses with an average class size of 37 students.

University of Alberta reports that it has more than 800 research and teaching agreements with institutions in 50 countries. Its faculty includes 41 recipients of the 3M National Teaching Fellowship, the highest number of any university in Canada. U of A alumni have collectively founded more than 70,000 organizations around the world, creating over 1.5 million jobs and generating annual revenues of nearly $350 billion. One third of these organizations are non-profit or have a cultural, social, or environmental mission.

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Results and Impact

University of Alberta has not yet posted its 2021 annual report at the time of this update. Certain results refer to 2020.

U of A reports that 94% of its graduates find jobs within two years of graduation, the third-highest rate among Canadian universities. U of A also measures the percentage of its students engaged in High-Impact Practices (HIPs), defined as extracurricular opportunities that demand significant time, promote collaboration between faculty and students, and provide learning outside of the classroom. According to its most recent count in 2017, 84% of U of A students participate in HIPs, compared to 81% of students across 15 of Canada's major research universities.

While Ci highlights these key results, they may not be a complete representation of University of Alberta’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

U of A does not disclose administrative or fundraising costs in its audited financial statements. It instead reports overhead costs on its T3010 filing with the Charities Directorate, which is most recently available for F2020. Overhead costs are understated for F2021.

University of Alberta received donations of $146.3m in F2021. It also received $1.0 billion in government funding (56% of revenues) and $387m in tuition fees (22% of revenues). In F2020, the most recent year that overhead costs could be obtained from T3010 filings, administrative costs were 16% of revenues (less investment income) and fundraising costs were 5% of donations. This resulted in total overhead spending of 21%. For every dollar donated to the charity, 79 cents went to the cause. This fell within Ci’s reasonable range for overhead spending.

U of A has $2.5 billion in net funding reserves, of which $1.6 billion is donor-endowed. Excluding donor-endowed funds, its funding reserves can cover 68% or more than eight months of annual program costs.

According to its most recent annual filing in F2020, U of A uses external fundraisers. It paid external fundraisers $485k to raise $448k, at a cost of $1.08 per dollar raised.

Charity Intelligence has sent this update to University of Alberta for review. Changes and edits may be forthcoming.

Updated July 23, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 6.6%16.0%10.2%
Fundraising costs as % of donations 0.0%4.9%0.4%
Total overhead spending 6.6%20.9%10.5%
Program cost coverage (%) 67.6%48.8%51.5%

Summary Financial Statements

All figures in $000s
202120202019
Donations 146,345132,412156,685
Government funding 1,008,6421,085,6821,156,543
Fees for service 387,315362,593353,280
Business activities (net) 140,635209,786214,434
Investment income 103,56952,680133,725
Total revenues 1,786,5061,843,1532,014,667
Program costs 1,455,1191,418,9441,477,729
Grants 024428
Administrative costs 111,525287,216191,904
Fundraising costs 06,490542
Total spending 1,566,6441,712,8941,670,204
Cash flow from operations 219,862130,259344,463
Capital spending 178,587149,855120,669
Funding reserves 2,504,2941,946,0422,156,214

Note: To report donations on a cash basis, Ci adjusted donations by changes in deferred revenues and deferred capital contributions, excluding deferred funding consisting of government grants, tuition fees, and other revenue. This affected revenues by ($8.3m) in F2021, ($37.5m) in F2020, and ($26.3m) in F2019. Ci included endowment contributions in donations and endowment investment income in investment income. This affected revenues by $18.2m in F2021, $25.6m in F2020, and $75.5m in F2019. University of Alberta does not report administrative and fundraising costs in its audited financial statements. Ci gathered administrative costs, fundraising costs, and grants from the charity’s T3010 filings in F2020 and F2019. Its F2021 filing was not available at the time of this update. Ci classified facility and maintenance costs as administrative costs in F2021. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.

Salary Information

Full-time staff: 6,413

Avg. Compensation: $125,187

Top 10 staff salary range:

$350k +
10
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.ualberta.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 780-492-3111

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