University of New Brunswick
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
75%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.
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Programs
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.
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Finances
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 Review
Fiscal year ending April
|
2016 | 2015 | 2014 |
|---|---|---|---|
| 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 StatementsAll figures in $000s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 16,767 | 19,144 | 11,681 |
| Government funding | 165,193 | 164,068 | 165,459 |
| Fees for service | 94,436 | 99,848 | 101,304 |
| Business activities (net) | 3,050 | 2,054 | 2,162 |
| Investment income | 12,396 | 13,639 | 15,105 |
| Total revenues | 291,842 | 298,753 | 295,711 |
| Program costs | 244,085 | 242,722 | 236,302 |
| Administrative costs | 29,026 | 27,219 | 22,799 |
| Fundraising costs | 2,459 | 2,634 | 2,304 |
| Cash flow from operations | 16,272 | 26,178 | 34,306 |
| Funding reserves | 372,986 | 374,010 | 346,197 |
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.
Salary Information
$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
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Comments & Contact
Comments added by the Charity:
Charity Contact
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