York University

4700 Keele St.
Toronto, ON M3J 1P3
President: Mamdouh Shoukri
Board Chair: Rick Waugh

Website: www.yorku.ca
Charitable Reg. #: 11930 6736 RR0001
Sector: Education - University
Operating Charity

Results Reporting

Grade: B

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #4,411

Avg. Compensation $128,752

Top 10 Staff Salary Range

$350k + 2
$300k - $350k 8
$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 F2015

About York University:

Founded in 1959, York University (York) is Canada’s second largest research university. York’s mission is to pursue, preserve and spread knowledge. The university has 52,000 students, including 11,802 international students from 178 countries. With 11 faculties and 25 research centres, York has 7,000 faculty members and staff. Among these staff are 34 Canada Research Chairs, 26 active Fellows of the Royal Society of Canada and 28 distinguished research professors. York has 5 libraries with a seating capacity of 2,900 and over 3 million visits. Together they hold more than 2.6 million printed volumes, 266,000 e-books and more than 40,000 e-journals. The Times Higher Education ranks York University as one of the top 100 universities in social sciences, arts and humanities.

In F2015, York University spent $779.5m on its operations, including $691.1m on staff and faculty member salaries. It gave out $61m in scholarships and bursaries. In F2015, York handed out 11,795 degrees. 82% of graduates found jobs within 6 months of graduating. 15 York alumni were elected to Parliament in the 2015 elections, including the new Minister of Innovation, Science and Economic Development.  On the research side, the university published 1,215 papers and articles in F2015. 22 researchers earned Social Sciences and Humanities Research Council grants summing up to $10m. York researchers were also awarded 2 out of the 5 national Social Sciences and Humanities Research Council Impact Awards for research on refugees and homeless people. Innovation York, one of York’s research centres, spent $24.1m on 556 researchers to support technology and research commercialization.

Financial Review:

York University is one of Canada’s Major 100 charities with donations of $56.4m along with tuition of $528.7m and government funding of $371.7m. Administrative costs are 13% of total revenues and fundraising costs are 10% of total donations, as taken from the charity’s T3010 filings. Total overhead costs come to 24%, falling within Ci’s reasonable range. York has total funding reserves of $488.9m, including an endowment fund of $396.4m. Excluding donor-endowed funds, York’s funding reserves can cover program costs for 1 month.

York’s endowment fund per student comes to $8k per student. York’s high operating cash flow of $93.4m was used to buy capital goods worth $81m.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated on August 10th, 2016 by Mirza Ali Shakir.

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 13.2%13.5%13.1%
Fundraising costs as % of donations 10.3%13.3%15.9%
Program cost coverage (%) 62.7%54.6%48.1%

Summary Financial Statements

All figures in $000s
Donations 56,42636,06926,319
Government funding 371,663390,968387,406
Fees for service 528,659507,058481,369
Business activities (net) 47,99446,71146,037
Investment income 25,55629,80723,741
Other income 4,7213,9274,034
Total revenues 1,035,0191,014,540968,906
Program costs 779,459796,729777,657
Administrative costs 132,784133,060123,732
Fundraising costs 5,8114,7914,173
Other costs 23,56819,92319,194
Cash flow from operations 93,39760,03744,150
Funding reserves 488,850435,114374,357
Note: Ci reports net revenues from sales and services, reducing both revenues and expenses by $14m in F2015, $15.9m in F2014 and $16.8m in F2013. Ci included donations for endowments and investment income from endowments in its revenues calculation. York does not report fundraising costs on its audited financial statements. Ci took fundraising costs from the charity’s T3010 filings.

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