University of New Brunswick

P.O. Box 4400
Fredericton, NB E3B 5A3
President: H.E.A. (Eddy) Campbell
Vice Board Chair: Larry Hachey

Website: www.unb.ca
Charitable Reg. #: 10816 2025 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

Full-time staff #1,318

Avg. Compensation $140,249

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 8
$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 University of New Brunswick:

Founded in 1785, University of New Brunswick (UNB) is one of the oldest public universities in North America. It has 2 campuses, the Fredericton campus and the Saint John campus. As a research university, UNB hosts many research institutes and is responsible for 75% of all publicly-funded research in New Brunswick and has 12 Canada Research Chairs. The university has over 10,000 students, a student-faculty ratio of 16:1 and offers more than 75 programs.

In F2016, University of New Brunswick spent $244.1m on its programs, including $120.5m on teaching and $44.1m on research grants. It gave out $10.0m in scholarships and financial aid. Standout undergraduate programs according to Maclean’s University Rankings are the creative writing, kinesiology and business programs.

In F2014, UNB started a $2.5m project with Siemens Canada to develop two smart grid energy projects. With research funding, UNB students and researchers have launched 20 start-ups, had 76 patents issued and completed 137 technology transfer deals since 2000. Start-up Canada ranked University of New Brunswick as the top entrepreneurial university in Canada.

Like most universities, University of New Brunswick calculates its economic impact on the province. It reports that for every $1 students invest in UNB they will make $2.8 in future earnings and that its activity has contributed $1.2 billion to the province’s economy, or 4.5% of its GDP. The university claims to have saved $8.5m in social savings in the province thanks to its research on crime and unemployment. UNB states that provincial taxpayers receive an 11% rate of return on their investment (through taxes) in the university.

Financial Review:

University of New Brunswick is a large-cap charity with donations of $16.8m of along with tuition of $94.4m and government funding of $165.2m. Administrative costs are 10% of total revenues and fundraising costs are 15% of total donations. For every dollar donated, 75 cents goes to the cause, falling within Ci’s reasonable range. UNB has total funding reserves of $373m, including an endowment fund of $139.5m. Excluding donor-endowed funds, UNB’s funding reserves can cover program costs for 1 year.

UNB’s endowment comes to $13k per student.

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

Updated on June 29, 2017 by Josh Lam.

Financial Ratios

Fiscal year ending April 		201620152014
Administrative costs as % of revenues 10.4%9.6%8.1%
Fundraising costs as % of donations 14.7%13.8%19.7%
Program cost coverage (%) 152.8%154.1%146.5%

Summary Financial Statements

All figures in $000s 		201620152014
Donations 16,76719,14411,681
Government funding 165,193164,068165,459
Fees for service 94,43699,848101,304
Business activities (net) 3,0502,0542,162
Investment income 12,39613,63915,105
Total revenues 291,842298,753295,711
Program costs 244,085242,722236,302
Administrative costs 29,02627,21922,799
Fundraising costs 2,4592,6342,304
Cash flow from operations 16,27226,17834,306
Funding reserves 372,986374,010346,197
Note: Ci included donations to the charity’s endowment fund and capital campaign. UNB 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 reported ancillary revenues net of expenses, reducing both revenues and expenses by $14.1m in F2016, $14.6m in F2015 and by $14.0m in F2014.

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