University of New Brunswick

P.O. Box 4400
Fredericton, NB E3B 5A3
President: H.E.A. (Eddy) Campbell
Board Member: Jennifer Andrews

Website: www.unb.ca
Charitable Reg. #: 10816 2025 RR0001
Sector: Education - University
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

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 ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #1,302

Avg. Compensation $138,277

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 1
$200k - $250k 6
$160k - $200k 2
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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, Fredericton campus and Saint John campus. As a research university, UNB contains many research institutes and is responsible for 75% of all publicly funded research in New Brunswick. UNB has 11 Canada Research Chairs. The university has 11,000 students, a student-faculty ratio of 16:1 and offers more than 75 programs.

In F2015, University of New Brunswick spent $242.7m on its programs, including $120m on teaching and $45.7m on research grants. It gave out $9.6m in scholarships and financial aid. UNB reports that scholarship per full-time student has increased by 24% over the past 5 years to $755 per full-time student. 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 18 start-ups 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 entrepreneurial activities added $1.2bn to New Brunswick's income. 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 one of Canada's Major 100 charities with donations of $19.1m along with tuition of $99.8m and government funding of $164.1m. Administrative costs are 10% of total revenues and fundraising costs are 14% of total donations. Total overhead costs come to 23%, falling within Ci's reasonable range. UNB has total funding reserves of $374m, including an endowment fund of $132.9m. Excluding donor-endowed funds, UNB's funding reserves can cover program costs for 1 year.

UNB's endowment fund per student comes to $12k per student.

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

Updated on August 8th, 2016 by Mirza Shakir.

Financial Ratios

Fiscal year ending April
201520142013
Administrative costs as % of revenues 9.6%8.1%7.1%
Fundraising costs as % of donations 13.8%19.7%19.7%
Program cost coverage (%) 154.1%146.5%127.0%

Summary Financial Statements

All figures in $000s
201520142013
Donations 19,14411,6819,787
Government funding 164,068165,459175,472
Fees for service 99,848101,304100,383
Business activities (net) 2,0542,1622,557
Investment income 13,63915,10512,032
Total revenues 298,753295,711300,231
Program costs 242,722236,302236,936
Administrative costs 27,21922,79920,393
Fundraising costs 2,6342,3041,926
Cash flow from operations 26,17834,30640,976
Funding reserves 374,010346,197300,853
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 $14.6m in F2015, $14m in F2014 and $14.1m in F2013.

Comments added by the Charity:

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