Wilfrid Laurier University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B+
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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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Programs
About Wilfrid Laurier University:
Founded in 1911, Wilfrid Laurier University’s (WLU) mission is to be “devoted to excellence in learning, research, scholarship and creativity.” The University provides undergraduate, graduate and professional education, with an emphasis on co-curricular development of the student. WLU’s main campus is in Waterloo, Ontario, with additional locations in Kitchener, Brantford, Milton, Toronto, Yellowknife, and Chongqing, China.
During the Winter 2020 term, 20,080 students were registered (19,172 in Winter 2019), 90% of which were undergraduate students. WLU conferred 4,517 degrees in the Fall 2019 term (4,338 in Fall 2018). The university has a student-faculty ratio of 25:1 and offers more than 100 programs. According to Maclean’s University Rankings, WLU’s standout programs are game design and development, business administration, and data science.
The university has 544 full-time faculty and 383 part-time faculty. WLU also has ten Canada Research Chairs. In F2019, the university supported 332 externally funded research projects.
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Results and Impact
The university reported that of the first-year undergraduate students who were enrolled in F2015, 88% returned. Also, 77% of undergraduate students who began studies in 2008 graduated by 2015.
In 2018, Wilfrid Laurier University’s Career Centre sent a survey to 2018 graduates. 80% of graduates responded to the survey. Of the graduates who responded, 71% reported that they were employed and 26% were pursuing further education. The remaining 3% of respondents were still looking for work.
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Finances
Wilfrid Laurier University is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. WLU received $26.7m in donations and $207.7m in student fees in F2019. The charity also received $122.8m in government grants.
Administrative costs are 3% of revenues and fundraising costs are 11% of donations. For every dollar donated, 86 cents go the cause. This is within Ci’s reasonable range for overhead spending. Factoring in debt, WLU has total funding reserves of $51.5m with total donor-endowed reserves of $90.9m, meaning non-donor-endowed reserves are negative, creating a negative program cost coverage ratio. Excluding debt of $213.9m, the charity can cover annual program costs for 5.9 months with current reserves.
The charity spent $38.0m on capital expenditures in F2019, $46.9m in F2018, and $37.0m in F2017.
This charity report is an update that has been sent to Wilfrid Laurier University for review. Changes and edits may be forthcoming.
Updated on July 29, 2020 by Tenzin Shomar.
Financial Review
Fiscal year ending April
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.3% | 3.2% | 3.4% |
| Fundraising costs as % of donations | 11.0% | 11.7% | 11.5% |
| Total overhead spending | 14.3% | 14.9% | 14.9% |
| Program cost coverage (%) | (11.1%) | (14.7%) | (8.6%) |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 26,667 | 18,815 | 24,660 |
| Government funding | 122,839 | 122,665 | 122,601 |
| Fees for service | 207,709 | 199,340 | 182,383 |
| Business activities (net) | 14,842 | 13,781 | 13,565 |
| Investment income | 10,241 | 8,003 | 8,260 |
| Other income | 16,864 | 12,912 | 10,987 |
| Total revenues | 399,162 | 375,516 | 362,456 |
| Program costs | 359,600 | 343,813 | 329,690 |
| Grants | 0 | 861 | 511 |
| Administrative costs | 12,693 | 11,921 | 11,930 |
| Fundraising costs | 2,932 | 2,196 | 2,836 |
| Total spending | 375,225 | 358,791 | 344,967 |
| Cash flow from operations | 23,937 | 16,725 | 17,489 |
| Capital spending | 38,024 | 46,891 | 37,048 |
| Funding reserves | 51,454 | 36,711 | 55,362 |
Note: Ci included donations to the charity’s endowment fund and amortization of deferred capital contributions. WLU does not report administrative and fundraising costs on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings. Ci has adjusted for deferred capital and operations contributions, increasing revenues by $10.6m in F2019, $3.3m in F2018, $5.8m in F2017. Ci reported business activities net of expenses, reducing both revenues and expenses by $10.9m in F2019, $11.5m in F2018 and by $11.4m in F2017.
Salary Information
$350k + |
4 |
$300k - $350k |
6 |
$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 F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-884-1970