University of Prince Edward Island
Charlottetown, PE C1A 4P3
President: Dr. Alaa S. Abd-El-Aziz
Chancellor: Dr. Don McDougall
Charitable Reg. #: 10816 2108 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #654
Avg. Compensation $112,103
Top 10 Staff Salary Range
|$300k - $350k||1|
|$250k - $300k||0|
|$200k - $250k||3|
|$160k - $200k||6|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About University of Prince Edward Island:
University of Prince Edward Island (UPEI) is a public research university which has roots in two founding institutions, Prince of Wales College (established in 1834) and St. Dunstan’s University (established in 1855). UPEI has 4 faculties (arts, education, science and veterinary medicine) and 2 schools (business and nursing).
In F2015, University of Prince Edward Island spent $102.9m on its programs, including $72.8m on salaries and benefits. It gave out $5.6m in scholarships to 2,879 total recipients. The university has 4,400 students, including 4,105 undergraduate students and 389 graduate students and a network of 23,000 alumni across the world. UPEI is home to 5 Canada Research Chairs, 2 research institutes and 7 research centres. It runs 100 student exchange programs throughout the world. 25 to 30 students travel outside of Canada as part of a 6-week placement for the International and Indigenous Education specialization. 100 business students completed work assignments with public and private companies. UPEI’s research programs support more than 70 researchers in areas of natural sciences, engineering, health sciences and social sciences.
University of Prince Edward Island used input-output models from Statistics Canada to disclose its economic impact on the province. It reports that, in 2013, UPEI’s contribution to the GDP was $150.1m and the university supported labour income of $91.1m. UPEI states that its consumer spending impact on the province is $69m.
University of Prince Edward Island is a Big-Cap charity with donations of $2.7m along with tuition of $32.5m and government funding of $70.4m. Administrative costs are 7% of total revenues and reported fundraising costs are 39% of total donations. Total overhead costs come to 45%, falling above Ci’s reasonable range. UPEI has total funding reserves of $63.3m, including an endowment fund of $23.4m. Excluding donor-endowed funds, UPEI’s funding reserves can cover program costs for 5 months.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on August 18th, 2016 by Mirza Shakir.
Financial RatiosFiscal year ending April
|Administrative costs as % of revenues||6.8%||7.4%||6.8%|
|Fundraising costs as % of donations||38.6%||20.6%||26.6%|
|Program cost coverage (%)||61.5%||47.4%||28.8%|
Summary Financial StatementsAll figures in $000s
|Fees for service||32,513||30,861||29,819|
|Business activities (net)||18,465||17,572||19,130|
|Cash flow from operations||10,860||9,787||1,357|