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.
82%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.
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OVERVIEW
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 a main campus in Fredericton and another in Saint John. As a research university, UNB hosts many research institutes and is responsible for 70% of all publicly-funded research in New Brunswick and has 7 Canada Research Chairs. The university has over 9,500 students, a student-faculty ratio of 15:1 and offers more than 75 programs. According to Maclean’s University Rankings, UNB’s standout programs are computer science, marine biology, and forestry/environmental management.
In F2019, University of New Brunswick spent $259.3m on its programs, including $124.3m (48%) on teaching and $46.4m (18%) on research grants. It gave out $15.4m (6%) in scholarships and financial aid. The remaining 28% of program spending went to university-wide expenses, such as plant operations, libraries, and central computing.
UNB awarded 2,504 degrees in F2019 (2,607 in F2018). In terms of number of publications in peer-reviewed journals, UNB ranked 26th out of Canadian universities assessed in F2018. UNB also ranked 21st in publication intensity and 42nd in publication impact.
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Results and Impact
The university reported that of the 1,398 first-year undergraduate students who were enrolled in F2015, 1,113 returned the following year (80%). Also, 78% of undergraduate students who began studies in 2006 graduated by 2013.
In April 2020, Esmi conducted an economic value study on University of New Brunswick. The report found that in F2019, UNB generated $1.8 billion in added income for the New Brunswick economy, or 5% of the province’s gross provincial product. The added income is equivalent to supporting 20,915 jobs.
In F2019, taxpayers paid $141 million to support UNB’s operations. The study reports that taxpayers benefited from $605.4m in the net present value of students’ lifetime earnings and output of businesses. The public sector also benefited from $7.8m in cost savings due to reduced demand for social services. The study calculated that the average annual internal rate of return for taxpayers is 23.8%.
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Finances
University of New Brunswick is a Major 100 charity, meaning it is one of Canada’s largest charities in terms of donations. UNB received $24.6m in donations and $99.8m in tuition fees in F2019. In F2018, UNB concluded its It Begins Here fundraising campaign, the largest campaign in the university’s history. The charity also received $167.8m in government grants, representing 53% of total revenue.
Administrative costs are 9% of revenues and fundraising costs are 9% of donations. For every dollar donated, 82 cents go the cause. This is within Ci’s reasonable range for overhead spending. The charity holds $454.4m in funding reserves, of which $166.4m is donor-endowed. Excluding donor-endowed funds, University of New Brunswick can cover 1.1 years of annual program costs.
The charity spent $22.1m on capital expenditures in F2019, $30.3m in F2018, and $15.8m in F2017.
This charity report is an update that has been sent to University of New Brunswick for review. Changes and edits may be forthcoming.
Updated on June 17, 2020 by Tenzin Shomar.
Financial Review
Fiscal year ending April
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.1% | 9.5% | 10.2% |
| Fundraising costs as % of donations | 9.4% | 6.1% | 14.2% |
| Total overhead spending | 18.5% | 15.6% | 24.4% |
| Program cost coverage (%) | 114.7% | 110.0% | 121.6% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 24,600 | 40,301 | 17,709 |
| Government funding | 167,840 | 166,087 | 162,222 |
| Fees for service | 99,786 | 96,259 | 92,243 |
| Business activities (net) | 2,571 | 3,212 | 2,995 |
| Investment income | 19,088 | 11,332 | 19,864 |
| Total revenues | 313,885 | 317,191 | 295,033 |
| Program costs | 259,341 | 251,895 | 242,082 |
| Administrative costs | 26,762 | 28,982 | 28,112 |
| Fundraising costs | 2,308 | 2,463 | 2,516 |
| Total spending | 288,411 | 283,340 | 272,710 |
| Cash flow from operations | 25,474 | 33,851 | 22,323 |
| Capital spending | 22,141 | 30,319 | 15,775 |
| Funding reserves | 454,398 | 425,499 | 424,835 |
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 $15.7m in F2019, $13.6m in F2018 and by $13.9m in F2017.
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 F2019
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Comments & Contact
Comments added by the Charity:
Charity Contact
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