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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About University of New Brunswick:
University of New Brunswick is a 5-star charity. As with most Universities, it has a good results reporting grade and is financially transparent. The charity can cover just over 1 year of program costs with its funding reserves.
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 75% of all publicly-funded research in New Brunswick and has 10 Canada Research Chairs. The University had 9,705 students in 2021. UNB states it has a student-faculty ratio of 15:1 and it offers more than 75 programs. UNB is also ranked #1 in Atlantic Canada for student awards.
A Charity Intelligence 2023 Top 100 Rated Charity
In F2021, University of New Brunswick spent $251.7m on its programs, including $127.4m (51%) on teaching and $45.7m (18%) on research grants. It gave out $15.7m (6%) in scholarships and financial aid. The remaining 25% of program spending went to university-wide expenses, such as plant operations, libraries, and central computing.
UNB awarded 2,479 degrees in F2021. It has over 95,000 living alumni around the world, of which 41,715 live in New Brunswick. UNB employs more than 3,700 full- and part-time staff. The University’s research program has 16 research groups and houses more than 20 leading research institutes and centers.
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Results and Impact
In April 2020, Esmi conducted an economic value study on the 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. One out of every 17 jobs in New Brunswick is supported by the activities of UNB and its students.
The study also states that for every $1 spent on UNB students, $2.50 is returned in lifetime earnings for students, $6.00 is returned in added provincial income and social savings for society, and $4.30 is returned in added taxes and public-sector savings for taxpayers. The average bachelor’s degree graduate from UNB will see an increase in earnings of $30,200 each year compared to someone with a high school diploma working in New Brunswick.
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Finances
University of New Brunswick received $16.4m in donations and $102.1m in tuition fees in F2021. It also received $176.9m in government funding (56% of revenues). Administrative costs are 9% of revenues and fundraising costs are 18% of donations. The University spends 27% on overhead. This means, for every dollar donated, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
UNB has $491.9m in funding reserves, of which $196.2m is donor-endowed. Excluding donor-endowed funds, University of New Brunswick can cover 1.2 years of annual program costs.
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 July 7, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending April
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.0% | 8.5% | 9.1% |
| Fundraising costs as % of donations | 18.4% | 11.3% | 9.4% |
| Total overhead spending | 27.4% | 19.8% | 18.5% |
| Program cost coverage (%) | 122.2% | 98.0% | 114.7% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 16,449 | 26,627 | 24,600 |
| Government funding | 176,850 | 172,936 | 167,840 |
| Fees for service | 102,098 | 106,564 | 99,786 |
| Business activities (net) | (3,482) | 2,177 | 2,571 |
| Investment income | 25,456 | 8,828 | 19,088 |
| Total revenues | 317,371 | 317,132 | 313,885 |
| Program costs | 251,719 | 268,251 | 259,341 |
| Administrative costs | 26,260 | 26,267 | 26,762 |
| Fundraising costs | 3,021 | 3,002 | 2,308 |
| Total spending | 281,000 | 297,520 | 288,411 |
| Cash flow from operations | 36,371 | 19,612 | 25,474 |
| Capital spending | 32,215 | 29,054 | 22,141 |
| Funding reserves | 491,864 | 442,227 | 454,398 |
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 $6.7m in F2021, $14.4m in F2020, and $15.7m in F2019.
Salary Information
$350k + |
2 |
$300k - $350k |
0 |
$250k - $300k |
6 |
$200k - $250k |
2 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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