Wilfrid Laurier University

75 University Avenue West
Waterloo, ON N2L 3C5
President: Dr. Max Blouw
Board Chair: John Bowey

Website: www.wlu.ca
Charitable Reg. #: 10820 8786 RR0002
Sector: Education - University
Operating Charity

Charity Rating

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Donor Accountability

Grade: A-

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

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #1,739

Avg. Compensation $95,972

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 3
$250k - $300k 4
$200k - $250k 2
$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 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, Toronto and Chongqing, China.

 

In F2015, Wilfrid Laurier University had 14,898 full-time undergraduate students, 1,978 part-time undergraduate students, 945 full-time graduate students, and 574 part-time graduate students. Also in F2015, WLU had 574 full-time faculty members, resulting in a student-to-faculty ratio of 32:1. In F2014, the University reported a graduation rate of 77%, and an employment rate within 6 months of graduation of 89%.

 

Wilfrid Laurier University has 23 research centres and institutes. Its strategic research plan outlines the University’s commitment to research on the environment, public policy, health, culture and society, and economics, markets and management. Further, WLU currently has 11 Laurier researchers who hold Canada Research Chairs, helping Canada compete internationally in various areas of study.

Financial Review:

Wilfrid Laurier University is a large charity, with donations of $5.1m in F2015. The University does not report its fundraising and administrative costs in its audited financial statements. This report uses the overhead costs reported in the University’s T3010 filing. In F2015, the University did not report its fundraising and administrative costs in its T3010 filing. In F2014, for every $1 donated to the charity, 54 cents is put towards fundraising costs, falling outside of Ci’s reasonable range. Wilfrid Laurier University has funding reserves of $10.1m due to $118.1m in banker's acceptance debt, $261k in mortgage payable and $109.7m in debentures. Its reserves include $78.9m in donor-endowed funds.

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

Updated on July 12, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending April 		201520142013
Administrative costs as % of revenues 0.0%4.5%4.3%
Fundraising costs as % of donations 0.0%53.9%76.2%
Program cost coverage (%) 3.7%8.9%(2%)

Summary Financial Statements

All figures in $000s 		201520142013
Donations 5,0775,3814,189
Government funding 115,186118,994115,312
Fees for service 162,201158,013148,734
Business activities (net) 13,96615,17426,563
Investment income 6,6246,4635,455
Other income 9,18511,87112,053
Total revenues 312,239315,896312,306
Program costs 251,200220,292213,281
Grants 20,82919,01217,579
Administrative costs 014,05213,154
Fundraising costs 02,9003,191
Other costs 9,1278,1787,106
Cash flow from operations 31,08351,46257,995
Funding reserves 10,05721,356(4,502)
Note: The charity has not reported its fundraising and administrative costs in its audited financial statements. Ci has used the charity’s T3010 filing for the fundraising and administrative costs in this report. Ci has updated amortization of deferred capital contributions, gain on sale of capital assets and cost of goods sold affecting revenues by ($17.6m) in F2015, by ($17.3m) in F2014, and by ($4.6m) in F2013. Ci has adjusted employee future benefits, amortization of capital assets and cost of goods sold affecting expenses by ($61m) in F2015, by ($61m) in F2014, and by ($59.7m) in F2013.

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