Memorial University of Newfoundland

Elizabeth Ave
St. John's, NL A1C 5S7
President: Dr. Gary Kachanoski
Board Chair: Iris Petten

Website: www.mun.ca
Charitable Reg. #: 10769 0273 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

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

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2014 2015 2016
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #2,767

Avg. Compensation $135,245

Top 10 Staff Salary Range

$350k + 4
$300k - $350k 2
$250k - $300k 4
$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 F2016

About Memorial University of Newfoundland:

Memorial University of Newfoundland (MUN), located in St. John's, is a community dedicated to creativity, innovation and excellence in teaching and learning, research and scholarship, and public engagement and service. Founded in 1925 as Memorial University College, MUN received its university status in 1949. It is the largest university in Atlantic Canada. It operates on 4 campuses: the main campus located in St. John’s, the Fisheries and Marine Institute in St. John’s, the Greenfell campus in Corner Brook and the Harlow Campus in Essex, UK.

MUN offers bachelors, masters and PhD programs as well as other diplomas and certifications. In F2016, MUN had 18,413 students in its full- and part-time studies at undergraduate and graduate levels, including 766 students pursuing their PhD. MUN employed almost 5,000 full and part-time faculty and staff across its campuses, including 1,506 faculty and 3,932 staff. In F2016, it had a student-to-faculty ratio of 12:1. It had more than 250 library holdings per student. MUN provided $1.4m in entrance scholarships and $7.8m in graduate fellowships in F2016.

Macleans reports that Memorial University of Newfoundland’s standout programs are Ocean Mapping, Communications Studies and Environmental Science. Per its F2013 student survey, its seven-year graduation rate is 63.2% and its first-year retention rate is 72.6%. In F2016, four researchers from Memorial were named Tier 2 Canada Research Chairs.

Financial Review:

Memorial University of Newfoundland is considered a big-cap charity with donations of $10.8m. MUN did not report administrative and fundraising costs on its audited financial statements. From T3010 filings, administrative costs are 18% of total revenues and fundraising costs are 14% of donations. For every dollar donated, 68 cents goes towards its programs, falling within Ci's reasonable range. It has $221.2m in funding reserves of which $87.5m are donor-endowed. Excluding donor-endowed reserves, Memorial can fund programs for just over 3 months.

Financial Ratios

Fiscal year ending March
201620152014
Administrative costs as % of revenues 17.9%18.4%17.9%
Fundraising costs as % of donations 13.9%14.4%11.0%
Program cost coverage (%) 44.8%50.8%50.3%

Summary Financial Statements

All figures in $000s
201620152014
Donations 10,79811,99016,923
Government funding 441,629491,031504,660
Fees for service 75,64877,51176,081
Investment income 4,6398,8677,701
Other income 64,99955,92244,566
Total revenues 597,713645,321649,931
Program costs 493,849502,676500,926
Administrative costs 106,014116,836114,735
Fundraising costs 1,4991,7211,869
Other costs (14,870)(20,788)(19,132)
Cash flow from operations 11,22144,87651,533
Funding reserves 221,169255,270251,787
Note: MUN has not reported administrative and fundraising costs on its audited financial statements. This data was found on the charity's T3010A filing with the CRA.  Ci has adjusted for amoritzation of deferred capital contributions and deferred capital contributions received affecting revenues by $1.7m in F2016, $13.7m in F2015 and by $34.8m in F2014. Ci excluded amortization of tangible capital assets in expenses, affecting it by ($38.6m) in F2016, ($34.2m) in F2015 and ($25.8m) in F2014.  

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