University of Guelph
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.
My anchor
OVERVIEW
About University of Guelph:
University of Guelph is a 4-star charity with an above-average results reporting grade. It is financially transparent and has reasonable overhead costs. Excluding donor-endowed funds, its funding reserves can cover program costs for three months.
Founded in 1964, University of Guelph (U of G) is the union of Ontario Veterinary College, Ontario Agricultural College, and Macdonald Institute. The University now consists of seven colleges that conduct teaching and research in physical and life sciences, business, arts, social sciences, and agricultural and physical sciences. The University has a regional campus in Ridgetown, Ontario, and offers diploma and degree programs at the University of Guelph-Humber, a joint venture with Humber College in Toronto.
In the 2021-2022 school year, University of Guelph had 29,290 students enrolled in undergraduate and graduate studies. Of these, 26,152 were undergraduate and 3,138 were graduate students. There were over 1,861 international students from 140 countries. U of G offers more than 80 undergraduate programs and more than 100 graduate and post-doctoral programs. In F2022, the University gave out $54.3m in scholarships and bursaries. Additionally, the University of Guelph has more than 190,000 alumni living in more than 150 countries.
University of Guelph’s Office of Research received $183 million in research funds in F2021. The university has 14 research stations, and it has an agreement with the Ministry of Agriculture, Food and Rural Affairs. In F2022, U of G had nine Tier 1 and 14 Tier 2 Canada Research Chairs. There were also 29 endowed and externally funded research chairs. University of Guelph is known as Canada’s Food University for its programs and research in agriculture.
My anchor
Results and Impact
In 2022, University of Guelph published an economic impact assessment by Ernest & Young. The assessment states that the University of Guelph has a total impact of $8.6 billion to Canada’s economy, sustaining 21,400 jobs nationally.
University of Guelph reported that of its 2017 graduates, 92% had a job within six months of graduation and 93% had a job within two years. U of G also reports that of the 2020 cohort, 92% of students returned for their second year at Guelph.
While Ci highlights these key results, they may not be a complete representation of University of Guelph’s results. This charity is not yet rated for impact (n/r).
My anchor
Finances
University of Guelph received total donations of $38.9m in F2022. The University also received $285.8m in government funding (34% of total revenues) and $417.3m in fees for services revenue (tuition, student fees, and other grants and contracts) which made up 50% of total revenues. Administrative costs are 3% of revenues (excluding investment income) and fundraising costs are 22% of donations. This results in a total overhead spending of 25%. For every dollar donated, 75 cents go towards the charity’s programs.
In F2022, the university had $588.0m in reserve funds. These are the institution’s cash and investments. Of these reserve funds, $411.6m is donor endowed. Excluding donor-endowed funds, U of G can cover three months of program costs with current reserves.
This charity report is an update that has been sent to University of Guelph for review. Changes and edits may be forthcoming.
Updated on June 26, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending April
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 2.7% | 2.9% | 0.0% |
Fundraising costs as % of donations | 22.4% | 27.8% | 0.0% |
Total overhead spending | 25.1% | 30.7% | 0.0% |
Program cost coverage (%) | 23.1% | 33.1% | 30.0% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 38,916 | 30,126 | 28,742 |
Government funding | 285,840 | 273,723 | 274,753 |
Fees for service | 417,294 | 372,018 | 408,822 |
Business activities (net) | 84,517 | 70,991 | 98,190 |
Investment income | 4,227 | 49,279 | (1,763) |
Other income | 10,331 | 8,226 | 10,736 |
Total revenues | 841,125 | 804,363 | 819,480 |
Program costs | 785,086 | 736,095 | 772,003 |
Administrative costs | 22,625 | 21,654 | 0 |
Fundraising costs | 8,708 | 8,374 | 0 |
Other costs | 9,473 | 9,997 | 10,543 |
Total spending | 825,891 | 776,120 | 782,546 |
Cash flow from operations | 15,234 | 28,243 | 36,934 |
Capital spending | 59,587 | 71,216 | 74,960 |
Funding reserves | 588,049 | 654,670 | 577,786 |
Note: Ci excluded amortization of deferred capital contributions, decreasing revenues by $22m in F2022, $21m in F2022 and $21m in F2020. Ci could not break out changes in government vs. non-government deferred contributions and therefore could not adjust for deferred donations Ci used the charity’s T3010 report with the CRA to determine fundraising and administrative costs. There was no fundraising and administrative cost breakdown available for F2020. Ci removed amortization from program, administrative, and fundraising costs on a pro rata basis.
Salary Information
$350k + |
2 |
$300k - $350k |
1 |
$250k - $300k |
7 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-824-4120