Memorial University of Newfoundland

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

Charitable Reg. #: 10769 0273 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

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

Full-time staff #2,662

Avg. Compensation $135,801

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 2
$200k - $250k 7
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2012

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.

MUN has a total of six campuses and offers bachelors, masters and PHD programs as well as other diplomas and certifications. In F2012, MUN had 18,713 students in its full and part-time studies at undergraduate and graduate levels. MUN employed almost 5,000 full and part-time faculty and staff across its three campuses including 1,596 faculty and 3,279 staff. In F2012, it had a student-to-faculty ratio of 12:1. It had more than 250 library holdings per student. MUN provided $4.9m in undergraduate and graduate scholarships, bursaries, and other awards.

Financial Review:

MUN did not report administrative and fundraising costs on its audited financial statements. From T3010 filings, administrative costs are 5% of total revenues and fundraising costs are 16% of donations. It has $207.4m in funding reserves (including $72.9m in endowment funds) covering 40% of annual program costs. MUN’s salaries account for 64% of its total expenses. The charity did not report donations on its audited financial statements.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 4.8%5.7%5.9%
Fundraising costs as % of donations 15.7%25.4%36.6%
Program cost coverage (%) 39.7%36.0%35.0%

Summary Financial Statements

All figures in $000s
Government funding 516,430436,165392,658
Fees for service 76,27775,23973,834
Investment income 4,3035,3434,008
Other income 48,78243,84225,080
Total revenues 660,783568,951503,077
Program costs 522,618506,241456,479
Administrative costs 31,78532,01129,308
Fundraising costs 2,3532,1272,720
Other costs 1,401670(775)
Cash flow from operations 102,62627,90215,345
Funding reserves 207,382182,414159,796
Note: MUN has not reported administrative and fundraising costs on its audited financial statements. Ci has adjusted deferred revenues, deferred contributions and unrealized loss (gains) affecting revenues by $96.5m in F2012, by $24.3m in F2011 and by $8.7m in F2010. Ci has adjusted loss on disposal of capital assets affecting expenses by $159k in F2012, by $508k in F2011 and by $517k in F2010.

Comments added by the Charity:

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